ExlService Holdings (EXLS) Return on Invested Capital [ROIC] (2015 - 2026)
ExlService Holdings' Return on Invested Capital [ROIC] was 19.89% in Q3 2026, up 1.68 percentage points from 18.21% a year earlier but down 1.07 percentage points from the prior quarter.
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Analysis
ExlService Holdings (EXLS) Return on Invested Capital [ROIC] (2015 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at ExlService Holdings came in at 20.60%, up 3.26 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of +11.36 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 17.34% in FY2024 (-0.30 pp), 17.64% in FY2023 (+2.95 pp), 14.69% in FY2022 (+1.84 pp) and 12.85% in FY2021 (+3.60 pp).
- Quarterly Return on Invested Capital [ROIC] has moved between 12.63% (Q1 2022) and 20.97% (Q1 2026) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for seven straight quarters, with an average year-over-year change of +2.19 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2021 (a gain of 4.29 percentage points); the worst was Q3 2024 (a drop of 1.86 percentage points).
- Per Business Quant data, EXLS's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 20.96% (Q2 2026), 20.97% (Q1 2026) and 19.88% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 51.35 Bn | -77.91 Bn | 1.60 Bn | - |
| 2 | Cognizant Technology Solutions | 30.16 Bn | 24.12 Bn | 1.91 Bn | 15.74% |
| 3 | Wipro | 22.58 Bn | 17.72 Bn | 745.00 Mn | 38.25% |
| 4 | Cdw | 19.64 Bn | 16.54 Bn | 1.39 Bn | 14.16% |
| 5 | Cgi | 18.54 Bn | 16.34 Bn | - | - |
| 6 | Td Synnex | 17.34 Bn | 11.50 Bn | 1.43 Bn | 11.10% |
| 7 | Arrow Electronics | 9.29 Bn | 8.24 Bn | 1.13 Bn | 10.19% |
| 8 | EPAM Systems | 8.17 Bn | 4.08 Bn | 445.94 Mn | 12.13% |
| 9 | ExlService Holdings | 6.55 Bn | 5.35 Bn | 241.14 Mn | 19.89% |
| 10 | Avnet | 6.53 Bn | 5.71 Bn | 865.03 Mn | 6.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.89% |
| Jun 30, 2026 | 20.96% |
| Mar 31, 2026 | 20.97% |
| Dec 31, 2025 | 19.88% |
| Sep 30, 2025 | 18.21% |
| Jun 30, 2025 | 17.70% |
| Mar 31, 2025 | 17.14% |
| Dec 31, 2024 | 16.20% |
| Sep 30, 2024 | 15.40% |
| Jun 30, 2024 | 15.38% |
| Mar 31, 2024 | 16.24% |
| Dec 31, 2023 | 17.17% |
| Sep 30, 2023 | 17.25% |
| Jun 30, 2023 | 17.11% |
| Mar 31, 2023 | 16.17% |
| Dec 31, 2022 | 14.53% |
| Sep 30, 2022 | 13.79% |
| Jun 30, 2022 | 13.40% |
| Mar 31, 2022 | 12.63% |
| Dec 31, 2021 | 13.38% |
API Access
ExlService Holdings Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=EXLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=EXLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();