ExlService Holdings (EXLS) Tax Rate (2010 - 2026)
ExlService Holdings' (EXLS) quarterly Tax Rate came in at 26.61% in Q1 2026, up 977.0% year-on-year from 2.47% in Q1 2025, and up 31.81% quarter-over-quarter from 20.19% in Q4 2025.
ExlService Holdings (EXLS) Tax Rate (2010 - 2026) Analysis & Trends
ExlService Holdings' Tax Rate history runs 17 years deep, the most recent figure standing at 26.61% for Q1 2026.
- On a quarterly basis, Tax Rate rose 977.0% year-over-year to 26.61% in Q1 2026; TTM through Mar 2026 was 22.85%, a 38.0% increase from a year earlier, with the FY2025 full-year figure at 20.23%, down 385.0% from the prior year.
- Tax Rate improved to 26.61% in Q1 2026 per EXLS's latest filing, from 20.19% in the prior quarter.
- Across five years, Tax Rate topped out at 28.7% in Q4 2022 and bottomed at 13.58% in Q1 2023.
- The 5-year median for Tax Rate is 23.7% (2022), against an average of 23.18%.
- Across the five-year window, Tax Rate soared 1052 bps in 2022 and tumbled 1012 bps in 2023, its largest moves.
- Year by year, Tax Rate stood at 28.7% in 2022, then decreased by 2 bps to 28.12% in 2023, then rose by 0 bps to 28.13% in 2024, then slipped by 28 bps to 20.19% in 2025, then soared by 32 bps to 26.61% in 2026.
- Per Business Quant, the three latest EXLS Tax Rate figures stand at 26.61% (Q1 2026), 20.19% (Q4 2025), and 22.03% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 205.80 Bn | 194.44 Bn | 9.91 Bn | 12.63% |
| 2 | Accenture | 93.57 Bn | 83.40 Bn | 6.13 Bn | 24.19% |
| 3 | Cgi | 61.17 Bn | 60.52 Bn | - | 28.00% |
| 4 | GDS Holdings | 48.61 Bn | 46.47 Bn | 164.04 Mn | -8.48% |
| 5 | Infosys | 46.80 Bn | 46.80 Bn | 1.60 Bn | 29.49% |
| 6 | Cognizant Technology Solutions | 22.33 Bn | 20.82 Bn | 1.78 Bn | 23.99% |
| 7 | Fidelity National Information Services | 22.04 Bn | 21.29 Bn | 1.11 Bn | 40.93% |
| 8 | Wipro | 19.72 Bn | 15.54 Bn | 738.00 Mn | -22.49% |
| 9 | Broadridge Financial Solutions | 17.74 Bn | 17.44 Bn | 626.90 Mn | 18.88% |
| 10 | ExlService Holdings | 4.42 Bn | 4.26 Bn | 222.08 Mn | 26.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.61% |
| Mar 31, 2026 | 26.61% |
| Mar 31, 2026 | 26.61% |
| Dec 31, 2025 | 20.19% |
| Dec 31, 2025 | 20.19% |
| Dec 31, 2025 | 20.19% |
| Sep 30, 2025 | 22.03% |
| Sep 30, 2025 | 22.03% |
| Sep 30, 2025 | 22.03% |
| Jun 30, 2025 | 21.89% |
| Jun 30, 2025 | 21.89% |
| Jun 30, 2025 | 21.89% |
| Mar 31, 2025 | 16.84% |
| Mar 31, 2025 | 16.84% |
| Mar 31, 2025 | 16.84% |
| Dec 31, 2024 | 28.13% |
| Dec 31, 2024 | 28.13% |
| Dec 31, 2024 | 28.13% |
| Sep 30, 2024 | 22.56% |
| Sep 30, 2024 | 22.56% |