ExlService Holdings (EXLS) Research & Development (2010 - 2026)
ExlService Holdings (EXLS) posted quarterly Research & Development of $49.6 million for Q2 2026, up 25.81% year-over-year from $39.4 million in Q2 2025, and up 5.14% quarter-over-quarter from $47.2 million in Q1 2026.
ExlService Holdings (EXLS) Research & Development (2010 - 2026) Analysis & Trends
ExlService Holdings' Research & Development history runs 17 years deep, the most recent figure standing at $49.6 million for Q2 2026.
- In Q2 2026, Research & Development rose 25.81% year-over-year to $49.6 million; the TTM figure through Jun 2026 stood at $188.4 million (up 20.41% YoY), while the FY2025 annual figure was $172.9 million, up 18.04% from the prior year.
- Research & Development for Q2 2026 stood at $49.6 million, 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.
- The 5-year median for Research & Development is $35.7 million (2024), against an average of $35.2 million.
- Peak annual rise in Research & Development reached 32.55% in 2022, while the deepest fall reached 5.19% in 2022.
- ExlService Holdings' Research & Development stood at $26.0 million in 2022, then increased by 21.57% to $31.6 million in 2023, then gained by 18.91% to $37.5 million in 2024, then climbed by 20.42% to $45.2 million in 2025, then gained by 9.85% to $49.6 million in 2026.
- Business Quant data shows EXLS's Research & Development at $49.6 million in Q2 2026, $47.2 million in Q1 2026, and $45.2 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 219.38 Bn | 208.02 Bn | 9.91 Bn | 2.31 Bn |
| 2 | Accenture | 111.06 Bn | 100.89 Bn | 6.13 Bn | 1.81 Bn |
| 3 | Infosys | 47.96 Bn | 47.96 Bn | 1.60 Bn | 270.00 Mn |
| 4 | Cgi | 32.80 Bn | 32.34 Bn | - | - |
| 5 | Cognizant Technology Solutions | 28.32 Bn | 27.27 Bn | 1.83 Bn | - |
| 6 | Fidelity National Information Services | 20.92 Bn | 20.17 Bn | 1.17 Bn | - |
| 7 | Broadridge Financial Solutions | 20.67 Bn | 20.27 Bn | 853.00 Mn | - |
| 8 | Wipro | 19.82 Bn | 18.75 Bn | 738.00 Mn | -174.00 Mn |
| 9 | Leidos Holdings | 17.78 Bn | 17.03 Bn | 817.00 Mn | - |
| 10 | ExlService Holdings | 5.66 Bn | 5.37 Bn | 225.96 Mn | 49.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |