ExlService Holdings (EXLS) Tax Rate (2010 - 2026)
ExlService Holdings (EXLS) posted Tax Rate of 23.14% for Q2 2026, up 1.25 percentage points from 21.89% a year earlier but down 3.47 percentage points from the prior quarter.
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Analysis
ExlService Holdings (EXLS) Tax Rate (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at ExlService Holdings was 23.17%, up 1.02 percentage points year-over-year; for FY2025, it was 20.23%, down 3.85 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of -1.99 percentage points (FY2020 to FY2025).
- In prior years, ExlService Holdings' Tax Rate was 24.08% in FY2024 (+1.58 pp), 22.50% in FY2023 (-2.52 pp), 25.02% in FY2022 (+3.29 pp) and 21.73% in FY2021 (-0.49 pp).
- Quarterly Tax Rate has run from a low of 13.58% in Q1 2023 to a high of 28.70% in Q4 2022 over five years.
- On a year-over-year basis, Tax Rate increased in three of the last eight quarters, with an average year-over-year change of -0.73 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q3 2022, with a gain of 10.52 percentage points; the weakest was Q3 2021, with a drop of 10.59 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 26.61% (Q1 2026), 20.19% (Q4 2025) and 22.03% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 43.52 Bn | 43.57 Bn | 1.60 Bn | 29.49% |
| 2 | Cognizant Technology Solutions | 25.96 Bn | 19.13 Bn | 1.83 Bn | 26.40% |
| 3 | Td Synnex | 20.53 Bn | 14.56 Bn | 1.34 Bn | 22.29% |
| 4 | Cdw | 16.06 Bn | 14.05 Bn | 1.32 Bn | 26.55% |
| 5 | Cgi | 15.14 Bn | 12.92 Bn | - | 26.62% |
| 6 | Arrow Electronics | 11.55 Bn | 10.58 Bn | 1.13 Bn | 22.74% |
| 7 | Avnet | 8.20 Bn | 7.38 Bn | 865.03 Mn | 20.97% |
| 8 | Ingram Micro Holding | 6.32 Bn | 1.92 Bn | 958.68 Mn | 29.63% |
| 9 | EPAM Systems | 5.59 Bn | 1.23 Bn | 429.57 Mn | 26.73% |
| 10 | ExlService Holdings | 5.22 Bn | 3.96 Bn | 225.96 Mn | 23.14% |
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% |
API Access
ExlService Holdings Tax Rate 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=tax-rate&ticker=EXLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=EXLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();