ExlService Holdings (EXLS) Net Margin (2010 - 2026)
ExlService Holdings' (EXLS) quarterly Net Margin came in at 11.76% in Q1 2026, down 155.0% year-on-year from 21.38% in Q1 2025, and up 5.98% quarter-over-quarter from 11.1% in Q4 2025.
ExlService Holdings (EXLS) Net Margin (2010 - 2026) Analysis & Trends
ExlService Holdings' Net Margin history runs 17 years deep, the most recent figure standing at 11.76% for Q1 2026.
- On a quarterly basis, Net Margin fell 155.0% year-over-year to 11.76% in Q1 2026; TTM through Mar 2026 was 11.67%, a 30.0% increase from a year earlier, with the FY2025 full-year figure at 12.04%, up 125.0% from the prior year.
- Net Margin improved to 11.76% in Q1 2026 per EXLS's latest filing, from 11.1% in the prior quarter.
- Across five years, Net Margin topped out at 13.31% in Q1 2025 and bottomed at 8.48% in Q4 2022.
- The 5-year median for Net Margin is 11.0% (2025), against an average of 11.12%.
- Across the five-year window, Net Margin plunged 188 bps in 2024 and surged 264 bps in 2025, its largest moves.
- Year by year, Net Margin stood at 8.48% in 2022, then rose by 15 bps to 9.73% in 2023, then climbed by 8 bps to 10.53% in 2024, then gained by 5 bps to 11.1% in 2025, then gained by 6 bps to 11.76% in 2026.
- Per Business Quant, the three latest EXLS Net Margin figures stand at 11.76% (Q1 2026), 11.1% (Q4 2025), and 11.0% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 212.93 Bn | 201.58 Bn | 9.91 Bn | -0.01% |
| 2 | Accenture | 100.41 Bn | 90.24 Bn | 6.13 Bn | 12.76% |
| 3 | Cgi | 63.44 Bn | 62.92 Bn | - | 10.70% |
| 4 | Infosys | 50.67 Bn | 50.67 Bn | 1.60 Bn | 1,602.13% |
| 5 | GDS Holdings | 47.45 Bn | 45.31 Bn | 164.04 Mn | 77.95% |
| 6 | Cognizant Technology Solutions | 24.04 Bn | 22.52 Bn | 1.78 Bn | 12.17% |
| 7 | Fidelity National Information Services | 23.15 Bn | 22.39 Bn | 1.11 Bn | 4.64% |
| 8 | Wipro | 20.13 Bn | 15.95 Bn | 738.00 Mn | 13.73% |
| 9 | Cdw | 18.61 Bn | 18.04 Bn | 1.19 Bn | 4.14% |
| 10 | ExlService Holdings | 4.76 Bn | 4.60 Bn | 222.08 Mn | 11.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.76% |
| Dec 31, 2025 | 11.10% |
| Sep 30, 2025 | 11.00% |
| Jun 30, 2025 | 12.87% |
| Mar 31, 2025 | 13.31% |
| Dec 31, 2024 | 10.53% |
| Sep 30, 2024 | 11.24% |
| Jun 30, 2024 | 10.22% |
| Mar 31, 2024 | 11.18% |
| Dec 31, 2023 | 9.73% |
| Sep 30, 2023 | 10.67% |
| Jun 30, 2023 | 12.10% |
| Mar 31, 2023 | 12.80% |
| Dec 31, 2022 | 8.48% |
| Sep 30, 2022 | 10.79% |
| Jun 30, 2022 | 10.30% |
| Mar 31, 2022 | 10.95% |
| Dec 31, 2021 | 9.56% |
| Sep 30, 2021 | 9.12% |
| Jun 30, 2021 | 10.18% |