Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
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 (EXLS) has 16 years of Gross Margin data on record, last reported at 38.63% in Q4 2025.

  • For Q4 2025, Gross Margin rose 54.0% year-over-year to 38.63%; the TTM value through Dec 2025 reached 38.37%, up 78.0%, while the annual FY2025 figure was 38.37%, 78.0% up from the prior year.
  • Gross Margin reached 38.63% in Q4 2025 per EXLS's latest filing, roughly flat from 38.51% in the prior quarter.
  • Across five years, Gross Margin topped out at 39.25% in Q1 2021 and bottomed at 36.21% in Q2 2022.
  • Average Gross Margin over 5 years is 37.64%, with a median of 37.73% recorded in 2023.
  • Peak YoY movement for Gross Margin: skyrocketed 914bps in 2021, then crashed -256bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 37.84% in 2021, then dropped by -3bps to 36.64% in 2022, then rose by 0bps to 36.67% in 2023, then rose by 4bps to 38.1% in 2024, then grew by 1bps to 38.63% in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 38.63% in Q4 2025, 38.51% in Q3 2025, and 37.75% in Q2 2025.