ExlService Holdings (EXLS) Net Margin (2010 - 2026)
ExlService Holdings (EXLS) posted Net Margin of 10.85% for Q2 2026, down 7.74% on a QoQ basis from 11.76% in Q1 2026, and down 201.0% year-over-year from 10.74% in Q2 2025.
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ExlService Holdings (EXLS) Net Margin (2010 - 2026) Analysis & Trends
ExlService Holdings has reported Net Margin for 17 years, with the latest figure at 10.85% in Q2 2026.
- On a quarterly basis, Net Margin fell 201.0% year-over-year to 10.85% in Q2 2026; TTM through Jun 2026 was 11.18%, a 84.0% decrease from a year earlier, with the FY2025 full-year figure at 12.04%, up 125.0% from the prior year.
- Net Margin was 10.85% for Q2 2026 at ExlService Holdings, down from 11.76% in the prior quarter.
- The five-year high for Net Margin was 13.31% in Q1 2025, with the low at 8.48% in Q4 2022.
- Average Net Margin over 5 years is 11.1%, with a median of 10.98% recorded in 2022.
- The sharpest annual moves came in 2025 and 2026: Net Margin jumped 264 bps in 2025, then sank 201 bps in 2026.
- Over 5 years, Net Margin stood at 8.48% in 2022, then gained by 15 bps to 9.73% in 2023, then grew by 8 bps to 10.53% in 2024, then advanced by 5 bps to 11.1% in 2025, then dropped by 2 bps to 10.85% in 2026.
- The last three Net Margin figures came in at 10.85% (Q2 2026), 11.76% (Q1 2026), and 11.1% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 47.37 Bn | 47.42 Bn | 1.60 Bn | 16.16% |
| 2 | Cognizant Technology Solutions | 28.16 Bn | 27.11 Bn | 1.83 Bn | 11.75% |
| 3 | Cgi | 14.44 Bn | 13.86 Bn | - | 11.09% |
| 4 | EPAM Systems | 6.04 Bn | 5.25 Bn | 429.57 Mn | 7.28% |
| 5 | ExlService Holdings | 5.56 Bn | 5.27 Bn | 225.96 Mn | 10.85% |
| 6 | Science Applications International | 5.32 Bn | 5.20 Bn | 239.00 Mn | 5.43% |
| 7 | Kyndryl Holdings | 2.86 Bn | 850.31 Mn | 776.00 Mn | -1.52% |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 2.97% |
| 9 | Innodata | 1.91 Bn | 1.66 Bn | 42.46 Mn | 19.05% |
| 10 | DXC Technology | 1.86 Bn | 135.62 Mn | 611.00 Mn | 4.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.85% |
| 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% |