ExlService Holdings (EXLS) Operating Margin (2010 - 2026)

ExlService Holdings' Operating Margin history runs 17 years deep, the most recent figure standing at 16.1% for Q1 2026.

• In Q1 2026, Operating Margin rose 45.0% year-over-year to 16.1%; the TTM figure through Mar 2026 stood at 15.17% (up 43.0% YoY), while the FY2025 annual figure was 15.03%, up 69.0% from the prior year.
• Operating Margin was 16.1% for Q1 2026 at ExlService Holdings, up from 14.38% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 16.1% in Q1 2026 to a low of 13.11% in Q4 2023.
• Historically, Operating Margin has averaged 14.51% across 5 years, with a median of 14.38% in 2025.
• The sharpest annual moves came in 2022 and 2023: Operating Margin slumped 254 bps in 2022, then soared 243 bps in 2023.
• A 5-year view of Operating Margin shows it stood at 13.61% in 2022, then declined by 4 bps to 13.11% in 2023, then rose by 13 bps to 14.8% in 2024, then retreated by 3 bps to 14.38% in 2025, then grew by 12 bps to 16.1% in 2026.
• The last three Operating Margin figures came in at 16.1% (Q1 2026), 14.38% (Q4 2025), and 14.38% (Q3 2025), per Business Quant data.