ExlService Holdings (EXLS) Operating Margin (2010 - 2026)
ExlService Holdings (EXLS) posted Operating Margin of 14.68% for Q2 2026, down 1.09 percentage points from 15.77% a year earlier and down 1.42 percentage points from the prior quarter.
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Analysis
ExlService Holdings (EXLS) Operating Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at ExlService Holdings was 14.90%, down 0.35 percentage points year-over-year; for FY2025, it came in at 15.03%, up 0.69 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +3.55 percentage points (FY2020 to FY2025).
- In prior years, ExlService Holdings' Operating Margin was 14.34% in FY2024 (-0.30 pp), 14.64% in FY2023 (+1.03 pp), 13.61% in FY2022 (-0.28 pp) and 13.89% in FY2021 (+2.41 pp).
- Quarterly Operating Margin has run from a low of 12.20% in Q4 2021 to a high of 16.10% in Q1 2026 over five years.
- On a year-over-year basis, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +0.50 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q2 2023, with a gain of 2.43 percentage points; the weakest was Q4 2021, with a drop of 3.17 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 16.10% (Q1 2026), 14.38% (Q4 2025) and 14.38% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 51.78 Bn | 38.28 Bn | 1.60 Bn | 21.09% |
| 2 | Cognizant Technology Solutions | 31.66 Bn | 24.83 Bn | 1.83 Bn | 15.95% |
| 3 | Wipro | 21.27 Bn | 15.97 Bn | 738.00 Mn | 16.01% |
| 4 | Td Synnex | 19.73 Bn | 13.89 Bn | 1.43 Bn | 2.98% |
| 5 | Cdw | 19.69 Bn | 17.67 Bn | 1.32 Bn | 6.52% |
| 6 | Cgi | 17.54 Bn | 15.34 Bn | - | - |
| 7 | Arrow Electronics | 11.05 Bn | 10.00 Bn | 1.13 Bn | 3.78% |
| 8 | Avnet | 7.50 Bn | 6.68 Bn | 865.03 Mn | 2.79% |
| 9 | EPAM Systems | 6.77 Bn | 2.41 Bn | 429.57 Mn | 10.76% |
| 10 | ExlService Holdings | 6.23 Bn | 4.97 Bn | 225.96 Mn | 14.68% |
Historic Data
Download Data
Historic 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% |
API Access
ExlService Holdings Operating 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=operating-margin&ticker=EXLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=EXLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();