ExlService Holdings (EXLS) Return on Capital Employed [ROCE] (2011 - 2026)
ExlService Holdings (EXLS) recorded Return on Capital Employed [ROCE] of 33.05% in Q2 2026, up 11.91 percentage points from 21.14% a year earlier and up 9.51 percentage points from the prior quarter.
Powered by 
Analysis
ExlService Holdings (EXLS) Return on Capital Employed [ROCE] (2011 - 2026) Analysis & Trends
For FY2025, ExlService Holdings reported Return on Capital Employed [ROCE] of 23.48%, up 2.22 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of +12.42 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 21.26% in FY2024 (-1.10 pp), 22.36% in FY2023 (+3.82 pp), 18.54% in FY2022 (-1.71 pp) and 20.25% in FY2021 (+9.19 pp).
- The Q2 2026 figure is the highest quarterly Return on Capital Employed [ROCE] in data going back to Q3 2011.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for five consecutive quarters, with an average year-over-year change of +2.08 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 11.91 percentage points in Q2 2026, against a drop of 3.14 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 23.54% (Q1 2026), 22.51% (Q4 2025) and 21.71% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 46.03 Bn | 46.09 Bn | 1.60 Bn | 37.20% |
| 2 | Cognizant Technology Solutions | 27.52 Bn | 20.68 Bn | 1.83 Bn | 19.98% |
| 3 | Td Synnex | 21.68 Bn | 15.84 Bn | 1.43 Bn | 16.31% |
| 4 | Cdw | 17.02 Bn | 15.01 Bn | 1.32 Bn | 19.62% |
| 5 | Cgi | 15.79 Bn | 13.57 Bn | - | - |
| 6 | Arrow Electronics | 11.78 Bn | 10.81 Bn | 1.13 Bn | 14.39% |
| 7 | Avnet | 8.39 Bn | 7.57 Bn | 865.03 Mn | 10.42% |
| 8 | Ingram Micro Holding | 6.54 Bn | 2.15 Bn | 958.68 Mn | 14.02% |
| 9 | EPAM Systems | 5.90 Bn | 1.54 Bn | 429.57 Mn | 14.69% |
| 10 | ExlService Holdings | 5.54 Bn | 4.28 Bn | 225.96 Mn | 33.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.05% |
| Mar 31, 2026 | 23.54% |
| Dec 31, 2025 | 22.51% |
| Sep 30, 2025 | 21.71% |
| Jun 30, 2025 | 21.14% |
| Mar 31, 2025 | 19.98% |
| Dec 31, 2024 | 19.91% |
| Sep 30, 2024 | 18.93% |
| Jun 30, 2024 | 20.04% |
| Mar 31, 2024 | 20.42% |
| Dec 31, 2023 | 21.79% |
| Sep 30, 2023 | 21.88% |
| Jun 30, 2023 | 20.93% |
| Mar 31, 2023 | 19.84% |
| Dec 31, 2022 | 18.22% |
| Sep 30, 2022 | 17.41% |
| Jun 30, 2022 | 16.68% |
| Mar 31, 2022 | 14.98% |
| Dec 31, 2021 | 21.36% |
| Sep 30, 2021 | 16.71% |
API Access
ExlService Holdings Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=EXLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=EXLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();