ExlService Holdings (EXLS) Operating Margin (2010 - 2026)
ExlService Holdings (EXLS) posted quarterly Operating Margin of 14.68% for Q2 2026, down 109.0% year-over-year from 163.08% in Q2 2025, and down 8.84% quarter-over-quarter from 16.1% in Q1 2026.
ExlService Holdings (EXLS) Operating Margin (2010 - 2026) Analysis & Trends
ExlService Holdings' Operating Margin history runs 17 years deep, the most recent figure standing at 14.68% for Q2 2026.
- In Q2 2026, Operating Margin fell 109.0% year-over-year to 14.68%; the TTM figure through Jun 2026 stood at 14.9% (down 35.0% YoY), while the FY2025 annual figure was 15.03%, up 69.0% from the prior year.
- Operating Margin for Q2 2026 stood at 14.68%, down from 16.1% in the prior quarter.
- The five-year high for Operating Margin was 16.1% in Q1 2026, with the low at 13.11% in Q4 2023.
- The 5-year median for Operating Margin is 14.52% (2023), against an average of 14.52%.
- The sharpest annual moves came in 2022 and 2023: Operating Margin sank 254 bps in 2022, then surged 243 bps in 2023.
- ExlService Holdings' Operating Margin stood at 13.61% in 2022, then dropped by 4 bps to 13.11% in 2023, then increased by 13 bps to 14.8% in 2024, then fell by 3 bps to 14.38% in 2025, then grew by 2 bps to 14.68% in 2026.
- Business Quant data shows EXLS's Operating Margin at 14.68% in Q2 2026, 16.1% in Q1 2026, and 14.38% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 222.55 Bn | 211.19 Bn | 9.91 Bn | 15.24% |
| 2 | Accenture | 113.71 Bn | 103.54 Bn | 6.13 Bn | 16.96% |
| 3 | Infosys | 48.69 Bn | 48.69 Bn | 1.60 Bn | 21.09% |
| 4 | Cgi | 32.98 Bn | 32.52 Bn | - | - |
| 5 | Cognizant Technology Solutions | 29.05 Bn | 28.00 Bn | 1.83 Bn | 15.95% |
| 6 | Fidelity National Information Services | 21.53 Bn | 20.79 Bn | 1.17 Bn | 15.01% |
| 7 | Broadridge Financial Solutions | 21.00 Bn | 20.60 Bn | 853.00 Mn | 24.61% |
| 8 | Wipro | 19.72 Bn | 18.65 Bn | 738.00 Mn | 16.01% |
| 9 | Leidos Holdings | 17.80 Bn | 17.05 Bn | 817.00 Mn | 11.28% |
| 10 | ExlService Holdings | 5.76 Bn | 5.48 Bn | 225.96 Mn | 14.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.68% |
| Mar 31, 2026 | 16.10% |
| Dec 31, 2025 | 14.38% |
| Sep 30, 2025 | 14.38% |
| Jun 30, 2025 | 15.77% |
| Mar 31, 2025 | 15.65% |
| Dec 31, 2024 | 14.80% |
| Sep 30, 2024 | 14.70% |
| Jun 30, 2024 | 13.71% |
| Mar 31, 2024 | 14.09% |
| Dec 31, 2023 | 13.11% |
| Sep 30, 2023 | 14.66% |
| Jun 30, 2023 | 16.00% |
| Mar 31, 2023 | 14.84% |
| Dec 31, 2022 | 13.61% |
| Sep 30, 2022 | 13.87% |
| Jun 30, 2022 | 13.58% |
| Mar 31, 2022 | 13.36% |
| Dec 31, 2021 | 12.20% |
| Sep 30, 2021 | 14.62% |