ExlService Holdings (EXLS) Gross Margin (2010 - 2026)
ExlService Holdings (EXLS) posted quarterly Gross Margin of 37.99% for Q2 2026, up 25.0% year-over-year from 30.39% in Q2 2025, and down 2.43% quarter-over-quarter from 38.94% in Q1 2026.
ExlService Holdings (EXLS) Gross Margin (2010 - 2026) Analysis & Trends
ExlService Holdings' Gross Margin history runs 17 years deep, the most recent figure standing at 37.99% for Q2 2026.
- In Q2 2026, Gross Margin rose 25.0% year-over-year to 37.99%; the TTM figure through Jun 2026 stood at 38.51% (up 46.0% YoY), while the FY2025 annual figure was 38.37%, up 78.0% from the prior year.
- Gross Margin for Q2 2026 stood at 37.99%, down from 38.94% in the prior quarter.
- The five-year high for Gross Margin was 38.94% in Q1 2026, with the low at 36.21% in Q2 2022.
- The 5-year median for Gross Margin is 37.59% (2023), against an average of 37.55%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin slumped 256 bps in 2022, then soared 149 bps in 2023.
- ExlService Holdings' Gross Margin stood at 36.64% in 2022, then advanced by 0 bps to 36.67% in 2023, then increased by 4 bps to 38.1% in 2024, then rose by 1 bps to 38.63% in 2025, then fell by 2 bps to 37.99% in 2026.
- Business Quant data shows EXLS's Gross Margin at 37.99% in Q2 2026, 38.94% in Q1 2026, and 38.63% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 219.38 Bn | 208.02 Bn | 9.91 Bn | 57.73% |
| 2 | Accenture | 111.06 Bn | 100.89 Bn | 6.13 Bn | 32.77% |
| 3 | Infosys | 47.96 Bn | 47.96 Bn | 1.60 Bn | 31.48% |
| 4 | Cgi | 32.80 Bn | 32.34 Bn | - | - |
| 5 | Cognizant Technology Solutions | 28.32 Bn | 27.27 Bn | 1.83 Bn | 33.37% |
| 6 | Fidelity National Information Services | 20.92 Bn | 20.17 Bn | 1.17 Bn | 34.76% |
| 7 | Broadridge Financial Solutions | 20.67 Bn | 20.27 Bn | 853.00 Mn | 38.43% |
| 8 | Wipro | 19.82 Bn | 18.75 Bn | 738.00 Mn | 28.54% |
| 9 | Leidos Holdings | 17.78 Bn | 17.03 Bn | 817.00 Mn | 17.92% |
| 10 | ExlService Holdings | 5.66 Bn | 5.37 Bn | 225.96 Mn | 37.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 37.99% |
| Mar 31, 2026 | 38.94% |
| Dec 31, 2025 | 38.63% |
| Sep 30, 2025 | 38.51% |
| Jun 30, 2025 | 37.75% |
| Mar 31, 2025 | 38.58% |
| Dec 31, 2024 | 38.10% |
| Sep 30, 2024 | 37.76% |
| Jun 30, 2024 | 37.08% |
| Mar 31, 2024 | 37.36% |
| Dec 31, 2023 | 36.67% |
| Sep 30, 2023 | 37.71% |
| Jun 30, 2023 | 37.48% |
| Mar 31, 2023 | 37.23% |
| Dec 31, 2022 | 36.64% |
| Sep 30, 2022 | 36.22% |
| Jun 30, 2022 | 36.21% |
| Mar 31, 2022 | 36.97% |
| Dec 31, 2021 | 37.84% |
| Sep 30, 2021 | 38.78% |