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.

• In Q1 2026, Gross Margin rose 35.0% year-over-year to 38.94%; the TTM figure through Mar 2026 stood at 38.47% (up 57.0% YoY), while the FY2025 annual figure was 38.37%, up 78.0% from the prior year.
• Gross Margin was 38.94% for Q1 2026 at ExlService Holdings, up from 38.63% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 38.94% in Q1 2026 to a low of 36.21% in Q2 2022.
• Historically, Gross Margin has averaged 37.52% across 5 years, with a median of 37.48% in 2023.
• The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 256 bps in 2022, then jumped 149 bps in 2023.
• A 5-year view of Gross Margin shows it 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.
• The last three Gross Margin figures came in at 38.94% (Q1 2026), 38.63% (Q4 2025), and 38.51% (Q3 2025), per Business Quant data.