ExlService Holdings (EXLS) Net Margin (2010 - 2026)
ExlService Holdings' Net Margin came in at 10.85% for Q2 2026, down 1.99 percentage points from 12.84% a year earlier and down 0.91 percentage points from the prior quarter.
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Analysis
ExlService Holdings (EXLS) Net Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, ExlService Holdings reported Net Margin of 11.17%, down 0.83 percentage points year-over-year; for FY2025, it was 12.02%, up 1.24 percentage points from FY2024.
- Net Margin carries a five-year change of +2.69 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 10.79% in FY2024 (-0.53 pp), 11.32% in FY2023 (+1.19 pp), 10.12% in FY2022 (-0.10 pp) and 10.23% in FY2021 (+0.89 pp).
- The Q2 2026 figure represents the lowest quarterly Net Margin since Q4 2024.
- Year-over-year, Net Margin increased in five of the last eight quarters, with an average year-over-year change of +0.36 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q2 2025 (a gain of 2.62 percentage points), and the weakest in Q4 2021 (a drop of 3.36 percentage points).
- Business Quant data shows EXLS's Net Margin at 11.76% (Q1 2026), 11.10% (Q4 2025) and 10.98% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 43.52 Bn | 43.57 Bn | 1.60 Bn | 16.16% |
| 2 | Cognizant Technology Solutions | 25.96 Bn | 19.13 Bn | 1.83 Bn | 11.60% |
| 3 | Td Synnex | 20.53 Bn | 14.56 Bn | 1.34 Bn | 1.71% |
| 4 | Cdw | 16.06 Bn | 14.05 Bn | 1.32 Bn | 4.18% |
| 5 | Cgi | 15.14 Bn | 12.92 Bn | - | 11.09% |
| 6 | Arrow Electronics | 11.55 Bn | 10.58 Bn | 1.13 Bn | 2.73% |
| 7 | Avnet | 8.20 Bn | 7.38 Bn | 865.03 Mn | 1.53% |
| 8 | Ingram Micro Holding | 6.32 Bn | 1.92 Bn | 958.68 Mn | 0.76% |
| 9 | EPAM Systems | 5.59 Bn | 1.23 Bn | 429.57 Mn | 7.28% |
| 10 | ExlService Holdings | 5.22 Bn | 3.96 Bn | 225.96 Mn | 10.85% |
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 | 10.98% |
| Jun 30, 2025 | 12.84% |
| Mar 31, 2025 | 13.29% |
| Dec 31, 2024 | 10.53% |
| Sep 30, 2024 | 11.23% |
| Jun 30, 2024 | 10.22% |
| Mar 31, 2024 | 11.17% |
| Dec 31, 2023 | 9.73% |
| Sep 30, 2023 | 10.68% |
| Jun 30, 2023 | 12.12% |
| Mar 31, 2023 | 12.81% |
| Dec 31, 2022 | 8.50% |
| Sep 30, 2022 | 10.82% |
| Jun 30, 2022 | 10.34% |
| Mar 31, 2022 | 10.99% |
| Dec 31, 2021 | 9.58% |
| Sep 30, 2021 | 9.13% |
API Access
ExlService Holdings Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=EXLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "EXLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=EXLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();