ExlService Holdings (EXLS) Gross Margin (2010 - 2026)

ExlService Holdings' Gross Margin history runs 17 years deep, the most recent figure standing at 38.94% for Q1 2026.

• On a quarterly basis, Gross Margin rose 35.0% year-over-year to 38.94% in Q1 2026; TTM through Mar 2026 was 38.47%, a 57.0% increase from a year earlier, with the FY2025 full-year figure at 38.37%, up 78.0% from the prior year.
• Gross Margin grew to 38.94% in Q1 2026 per EXLS's latest filing, from 38.63% in the prior quarter.
• Across five years, Gross Margin topped out at 38.94% in Q1 2026 and bottomed at 36.21% in Q2 2022.
• The 5-year median for Gross Margin is 37.48% (2023), against an average of 37.52%.
• Across the five-year window, Gross Margin tumbled 256 bps in 2022 and soared 149 bps in 2023, its largest moves.
• Year by year, Gross Margin stood at 36.64% in 2022, then climbed by 0 bps to 36.67% in 2023, then rose by 4 bps to 38.1% in 2024, then gained by 1 bps to 38.63% in 2025, then grew by 1 bps to 38.94% in 2026.
• Per Business Quant, the three latest EXLS Gross Margin figures stand at 38.94% (Q1 2026), 38.63% (Q4 2025), and 38.51% (Q3 2025).