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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

ExlService Holdings (EXLS) Gross Margin (2016 - 2025)

ExlService Holdings has reported Gross Margin over the past 16 years, most recently at 38.63% for Q4 2025.

  • Quarterly results put Gross Margin at 38.63% for Q4 2025, up 54.0% from a year ago — trailing twelve months through Dec 2025 was 38.37% (up 78.0% YoY), and the annual figure for FY2025 was 38.37%, up 78.0%.
  • Gross Margin for Q4 2025 was 38.63% at ExlService Holdings, roughly flat from 38.51% in the prior quarter.
  • Over the last five years, Gross Margin for EXLS hit a ceiling of 39.25% in Q1 2021 and a floor of 36.21% in Q2 2022.
  • Median Gross Margin over the past 5 years was 37.73% (2023), compared with a mean of 37.64%.
  • Biggest five-year swings in Gross Margin: soared 914bps in 2021 and later tumbled -256bps in 2022.
  • ExlService Holdings' Gross Margin stood at 37.84% in 2021, then decreased by -3bps to 36.64% in 2022, then grew by 0bps to 36.67% in 2023, then grew by 4bps to 38.1% in 2024, then increased by 1bps to 38.63% in 2025.
  • The last three reported values for Gross Margin were 38.63% (Q4 2025), 38.51% (Q3 2025), and 37.75% (Q2 2025) per Business Quant data.