ExlService Holdings (EXLS) Tax Rate (2010 - 2026)
ExlService Holdings (EXLS) recorded quarterly Tax Rate of 26.61% in Q1 2026, up 31.81% quarter-over-quarter from 20.19% in Q4 2025, and up 977.0% on a YoY basis from 2.47% in Q1 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.
- In Q1 2026, Tax Rate rose 977.0% year-over-year to 26.61%; the TTM figure through Mar 2026 stood at 22.85% (up 38.0% YoY), while the FY2025 annual figure was 20.23%, down 385.0% from the prior year.
- Tax Rate was 26.61% for Q1 2026 at ExlService Holdings, up from 20.19% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 28.7% in Q4 2022 to a low of 13.58% in Q1 2023.
- Historically, Tax Rate has averaged 23.18% across 5 years, with a median of 23.7% in 2022.
- The sharpest annual moves came in 2022 and 2023: Tax Rate jumped 1052 bps in 2022, then tumbled 1012 bps in 2023.
- A 5-year view of Tax Rate shows it 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.
- The last three Tax Rate figures came in at 26.61% (Q1 2026), 20.19% (Q4 2025), and 22.03% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | 21.23% |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | 12.40% |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | - |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | 24.31% |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | 23.99% |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | 40.93% |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | 18.88% |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | 26.21% |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | 21.91% |
| 10 | ExlService Holdings | 4.63 Bn | 4.38 Bn | 222.08 Mn | 26.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.61% |
| Mar 31, 2026 | 26.61% |
| Dec 31, 2025 | 20.19% |
| Dec 31, 2025 | 20.19% |
| Sep 30, 2025 | 22.03% |
| Sep 30, 2025 | 22.03% |
| Jun 30, 2025 | 21.89% |
| Jun 30, 2025 | 21.89% |
| Mar 31, 2025 | 16.84% |
| Mar 31, 2025 | 16.84% |
| Dec 31, 2024 | 28.13% |
| Dec 31, 2024 | 28.13% |
| Sep 30, 2024 | 22.56% |
| Sep 30, 2024 | 22.56% |
| Jun 30, 2024 | 23.24% |
| Jun 30, 2024 | 23.24% |
| Mar 31, 2024 | 21.99% |
| Mar 31, 2024 | 21.99% |
| Dec 31, 2023 | 28.12% |
| Dec 31, 2023 | 28.12% |