ExlService Holdings EXLS
NASDAQ EXLS
$34.96 -0.56 (-1.57%)
As of: Sep 9, 2026 · 3:59 PM EDT

ExlService Holdings (EXLS) Research & Development (2010 - 2026)

ExlService Holdings (EXLS) posted Research & Development of $49.6 million for Q2 2026, up 5.14% on a QoQ basis from $47.2 million in Q1 2026, and up 25.81% year-over-year from $39.4 million in Q2 2025.

Analysis

ExlService Holdings (EXLS) Research & Development (2010 - 2026) Analysis & Trends

ExlService Holdings has reported Research & Development for 17 years, with the latest figure at $49.6 million in Q2 2026.

  • On a quarterly basis, Research & Development rose 25.81% year-over-year to $49.6 million in Q2 2026; TTM through Jun 2026 was $188.4 million, a 20.41% increase from a year earlier, with the FY2025 full-year figure at $172.9 million, up 18.04% from the prior year.
  • Research & Development was $49.6 million for Q2 2026 at ExlService Holdings, up from $47.2 million in the prior quarter.
  • The five-year high for Research & Development was $49.6 million in Q2 2026, with the low at $23.9 million in Q3 2022.
  • Average Research & Development over 5 years is $35.2 million, with a median of $35.7 million recorded in 2024.
  • The largest YoY upside for Research & Development was 32.55% in 2022 against a maximum downside of 5.19% in 2022.
  • Over 5 years, Research & Development stood at $26.0 million in 2022, then gained by 21.57% to $31.6 million in 2023, then climbed by 18.91% to $37.5 million in 2024, then increased by 20.42% to $45.2 million in 2025, then climbed by 9.85% to $49.6 million in 2026.
  • The last three Research & Development figures came in at $49.6 million (Q2 2026), $47.2 million (Q1 2026), and $45.2 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Infosys 44.95 Bn 44.95 Bn 1.60 Bn 270.00 Mn
2 Cognizant Technology Solutions 27.19 Bn 26.14 Bn 1.83 Bn -
3 Cgi 15.35 Bn 14.77 Bn - -
4 EPAM Systems 6.01 Bn 5.22 Bn 429.57 Mn -
5 Science Applications International 5.35 Bn 5.22 Bn 239.00 Mn -
6 ExlService Holdings 5.33 Bn 5.05 Bn 225.96 Mn 49.63 Mn
7 Kyndryl Holdings 2.86 Bn 746.87 Mn 776.00 Mn -
8 Formula Systems (1985) 1.98 Bn 1.56 Bn 158.43 Mn 5.75 Mn
9 Innodata 1.84 Bn 1.59 Bn 42.46 Mn -
10 DXC Technology 1.79 Bn -211.80 Mn 611.00 Mn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 49.63 Mn
Mar 31, 2026 47.20 Mn
Dec 31, 2025 45.18 Mn
Sep 30, 2025 46.38 Mn
Jun 30, 2025 39.45 Mn
Mar 31, 2025 41.93 Mn
Dec 31, 2024 37.52 Mn
Sep 30, 2024 37.57 Mn
Jun 30, 2024 35.44 Mn
Mar 31, 2024 35.97 Mn
Dec 31, 2023 31.55 Mn
Sep 30, 2023 30.94 Mn
Jun 30, 2023 28.24 Mn
Mar 31, 2023 29.49 Mn
Dec 31, 2022 25.96 Mn
Sep 30, 2022 23.88 Mn
Jun 30, 2022 23.99 Mn
Mar 31, 2022 24.17 Mn
Dec 31, 2021 24.68 Mn
Sep 30, 2021 21.67 Mn