ExlService Holdings (EXLS) Operating Expenses (2010 - 2026)
ExlService Holdings (EXLS) posted quarterly Operating Expenses of $138.7 million for Q2 2026, up 22.66% year-over-year from $113.0 million in Q2 2025, and up 6.46% quarter-over-quarter from $130.3 million in Q1 2026.
ExlService Holdings (EXLS) Operating Expenses (2010 - 2026) Analysis & Trends
ExlService Holdings' Operating Expenses history runs 17 years deep, the most recent figure standing at $138.7 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 22.66% year-over-year to $138.7 million; the TTM figure through Jun 2026 stood at $528.3 million (up 17.67% YoY), while the FY2025 annual figure was $487.3 million, up 14.02% from the prior year.
- Operating Expenses for Q2 2026 stood at $138.7 million, up from $130.3 million in the prior quarter.
- The five-year high for Operating Expenses was $138.7 million in Q2 2026, with the low at $77.7 million in Q1 2022.
- The 5-year median for Operating Expenses is $103.2 million (2024), against an average of $104.2 million.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses climbed 27.32% in 2022, then rose 7.86% in 2025.
- ExlService Holdings' Operating Expenses stood at $86.3 million in 2022, then grew by 13.07% to $97.6 million in 2023, then increased by 14.94% to $112.2 million in 2024, then increased by 17.34% to $131.6 million in 2025, then increased by 5.36% to $138.7 million in 2026.
- Business Quant data shows EXLS's Operating Expenses at $138.7 million in Q2 2026, $130.3 million in Q1 2026, and $131.6 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 219.38 Bn | 208.02 Bn | 9.91 Bn | 7.29 Bn |
| 2 | Accenture | 111.06 Bn | 100.89 Bn | 6.13 Bn | 15.54 Bn |
| 3 | Infosys | 47.96 Bn | 47.96 Bn | 1.60 Bn | 528.00 Mn |
| 4 | Cgi | 32.80 Bn | 32.34 Bn | - | 12.44 Mn |
| 5 | Cognizant Technology Solutions | 28.32 Bn | 27.27 Bn | 1.83 Bn | 812.00 Mn |
| 6 | Fidelity National Information Services | 20.92 Bn | 20.17 Bn | 1.17 Bn | 684.00 Mn |
| 7 | Broadridge Financial Solutions | 20.67 Bn | 20.27 Bn | 853.00 Mn | 1.67 Bn |
| 8 | Wipro | 19.82 Bn | 18.75 Bn | 738.00 Mn | 2.23 Bn |
| 9 | Leidos Holdings | 17.78 Bn | 17.03 Bn | 817.00 Mn | 310.00 Mn |
| 10 | ExlService Holdings | 5.66 Bn | 5.37 Bn | 225.96 Mn | 138.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 138.67 Mn |
| Mar 31, 2026 | 130.26 Mn |
| Dec 31, 2025 | 131.62 Mn |
| Sep 30, 2025 | 127.76 Mn |
| Jun 30, 2025 | 113.05 Mn |
| Mar 31, 2025 | 114.90 Mn |
| Dec 31, 2024 | 112.16 Mn |
| Sep 30, 2024 | 108.86 Mn |
| Jun 30, 2024 | 104.81 Mn |
| Mar 31, 2024 | 101.56 Mn |
| Dec 31, 2023 | 97.58 Mn |
| Sep 30, 2023 | 94.74 Mn |
| Jun 30, 2023 | 86.97 Mn |
| Mar 31, 2023 | 89.73 Mn |
| Dec 31, 2022 | 86.30 Mn |
| Sep 30, 2022 | 80.78 Mn |
| Jun 30, 2022 | 78.49 Mn |
| Mar 31, 2022 | 77.72 Mn |
| Dec 31, 2021 | 75.76 Mn |
| Sep 30, 2021 | 70.14 Mn |