ExlService Holdings (EXLS) Tax Rate (2010 - 2026)
ExlService Holdings (EXLS) posted Tax Rate of 23.14% for Q2 2026, down 13.04% on a QoQ basis from 26.61% in Q1 2026, and up 125.0% year-over-year from 10.28% in Q2 2025.
Analysis
ExlService Holdings (EXLS) Tax Rate (2010 - 2026) Analysis & Trends
ExlService Holdings has reported Tax Rate for 17 years, with the latest figure at 23.14% in Q2 2026.
- On a quarterly basis, Tax Rate rose 125.0% year-over-year to 23.14% in Q2 2026; TTM through Jun 2026 was 23.17%, a 102.0% increase from a year earlier, with the FY2025 full-year figure at 20.23%, down 385.0% from the prior year.
- Tax Rate was 23.14% for Q2 2026 at ExlService Holdings, down from 26.61% in the prior quarter.
- The five-year high for Tax Rate was 28.7% in Q4 2022, with the low at 13.58% in Q1 2023.
- Average Tax Rate over 5 years is 23.18%, with a median of 23.47% recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Tax Rate surged 1052 bps in 2022, then slumped 1012 bps in 2023.
- Over 5 years, Tax Rate stood at 28.7% in 2022, then slipped by 2 bps to 28.12% in 2023, then gained by 0 bps to 28.13% in 2024, then dropped by 28 bps to 20.19% in 2025, then advanced by 15 bps to 23.14% in 2026.
- The last three Tax Rate figures came in at 23.14% (Q2 2026), 26.61% (Q1 2026), and 20.19% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.71 Bn | 44.71 Bn | 1.60 Bn | 29.49% |
| 2 | Cognizant Technology Solutions | 27.25 Bn | 26.20 Bn | 1.83 Bn | 26.40% |
| 3 | Cgi | 15.41 Bn | 14.83 Bn | - | 26.62% |
| 4 | EPAM Systems | 5.92 Bn | 5.13 Bn | 429.57 Mn | 26.73% |
| 5 | Science Applications International | 5.43 Bn | 5.30 Bn | 239.00 Mn | 14.29% |
| 6 | ExlService Holdings | 5.32 Bn | 5.03 Bn | 225.96 Mn | 23.14% |
| 7 | Kyndryl Holdings | 2.84 Bn | 729.23 Mn | 776.00 Mn | 20.29% |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 21.30% |
| 9 | Innodata | 1.82 Bn | 1.57 Bn | 42.46 Mn | - |
| 10 | DXC Technology | 1.80 Bn | -200.40 Mn | 611.00 Mn | 47.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.14% |
| Mar 31, 2026 | 26.61% |
| Dec 31, 2025 | 20.19% |
| Sep 30, 2025 | 22.03% |
| Jun 30, 2025 | 21.89% |
| Mar 31, 2025 | 16.84% |
| Dec 31, 2024 | 28.13% |
| Sep 30, 2024 | 22.56% |
| Jun 30, 2024 | 23.24% |
| Mar 31, 2024 | 21.99% |
| Dec 31, 2023 | 28.12% |
| Sep 30, 2023 | 24.41% |
| Jun 30, 2023 | 24.09% |
| Mar 31, 2023 | 13.58% |
| Dec 31, 2022 | 28.70% |
| Sep 30, 2022 | 24.20% |
| Jun 30, 2022 | 23.76% |
| Mar 31, 2022 | 23.70% |
| Dec 31, 2021 | 25.81% |
| Sep 30, 2021 | 13.68% |