ExlService Holdings annual net debt
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ExlService Holdings Net Debt Growth & History (EXLS)
ExlService Holdings's net debt was $259.5M for fiscal 2025.
View full ExlService Holdings company overviewExlService Holdings annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $259.5M | $46.2M | +21.66% |
| 2024 | 2024-12-31 | $213.3M | $78.4M | +58.19% |
| 2023 | 2023-12-31 | $134.8M | −$60.2M | −30.86% |
| 2022 | 2022-12-31 | $195.0M | −$17.1M | −8.05% |
| 2021 | 2021-12-31 | $212.0M | $99.3M | +88.13% |
| 2020 | 2020-12-31 | $112.7M | −$102.7M | −47.67% |
| 2019 | 2019-12-31 | $215.4M | $26.1M | +13.76% |
| 2018 | 2018-12-31 | $189.3M | $214.8M | — |
| 2017 | 2017-12-31 | −$25.5M | $132.1M | — |
| 2016 | 2016-12-31 | −$157.6M | −$23.0M | — |
| 2015 | 2015-12-31 | −$134.7M | −$9.5M | — |
| 2014 | 2014-12-31 | −$125.1M | $20.4M | — |
| 2013 | 2013-12-31 | −$145.6M | −$46.9M | — |
| 2012 | 2012-12-31 | −$98.7M | −$22.3M | — |
| 2011 | 2011-12-31 | −$76.4M | $34.1M | — |
| 2010 | 2010-12-31 | −$110.6M | — | — |
ExlService Holdings quarterly net debt
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $361.3M | $167.5M | +86.38% |
| Q1 2026 | 2026-03-31 | $375.3M | $127.7M | +51.56% |
| Q4 2025 | 2025-12-31 | $259.5M | $46.2M | +21.66% |
| Q3 2025 | 2025-09-30 | $276.2M | $815,000 | +0.30% |
| Q2 2025 | 2025-06-30 | $193.8M | −$106.9M | −35.55% |
| Q1 2025 | 2025-03-31 | $247.6M | −$63.2M | −20.34% |
| Q4 2024 | 2024-12-31 | $213.3M | $78.4M | +58.19% |
| Q3 2024 | 2024-09-30 | $275.4M | $124.9M | +83.02% |
| Q2 2024 | 2024-06-30 | $300.8M | $109.1M | +56.94% |
| Q1 2024 | 2024-03-31 | $310.8M | $137.8M | +79.63% |
| Q4 2023 | 2023-12-31 | $134.8M | −$60.2M | −30.86% |
| Q3 2023 | 2023-09-30 | $150.5M | −$101.6M | −40.31% |
| Q2 2023 | 2023-06-30 | $191.6M | −$65.2M | −25.39% |
| Q1 2023 | 2023-03-31 | $173.0M | −$101.3M | −36.92% |
| Q4 2022 | 2022-12-31 | $195.0M | −$17.1M | −8.05% |
| Q3 2022 | 2022-09-30 | $252.1M | $89.0M | +54.54% |
| Q2 2022 | 2022-06-30 | $256.9M | $157.6M | +158.86% |
| Q1 2022 | 2022-03-31 | $274.3M | $122.9M | +81.12% |
| Q4 2021 | 2021-12-31 | $212.0M | $99.3M | +88.13% |
| Q3 2021 | 2021-09-30 | $163.1M | $33.8M | +26.14% |
| Q2 2021 | 2021-06-30 | $99.2M | −$83.1M | −45.57% |
| Q1 2021 | 2021-03-31 | $151.5M | −$71.7M | −32.14% |
| Q4 2020 | 2020-12-31 | $112.7M | −$102.7M | −47.67% |
| Q3 2020 | 2020-09-30 | $129.3M | −$114.3M | −46.92% |
| Q2 2020 | 2020-06-30 | $182.3M | −$89.9M | −33.02% |
| Q1 2020 | 2020-03-31 | $223.2M | −$110.9M | −33.20% |
| Q4 2019 | 2019-12-31 | $215.4M | $26.1M | +13.76% |
| Q3 2019 | 2019-09-30 | $243.6M | $40.2M | +19.74% |
| Q2 2019 | 2019-06-30 | $272.2M | $288.1M | — |
| Q1 2019 | 2019-03-31 | $334.1M | $335.8M | — |
| Q4 2018 | 2018-12-31 | $189.3M | $214.8M | — |
| Q3 2018 | 2018-09-30 | $203.5M | $245.7M | — |
| Q2 2018 | 2018-06-30 | −$16.0M | $27.9M | — |
| Q1 2018 | 2018-03-31 | −$1.8M | $44.4M | — |
| Q4 2017 | 2017-12-31 | −$25.5M | $132.1M | — |
| Q3 2017 | 2017-09-30 | −$42.2M | $10.7M | — |
| Q2 2017 | 2017-06-30 | −$43.9M | $3.7M | — |
| Q1 2017 | 2017-03-31 | −$46.2M | −$16.0M | — |
| Q4 2016 | 2016-12-31 | −$157.6M | −$23.0M | — |
| Q3 2016 | 2016-09-30 | −$52.9M | −$33.1M | — |
| Q2 2016 | 2016-06-30 | −$47.6M | −$24.0M | — |
| Q1 2016 | 2016-03-31 | −$30.2M | $39.9M | — |
| Q4 2015 | 2015-12-31 | −$134.7M | −$9.5M | — |
| Q3 2015 | 2015-09-30 | −$19.9M | $139.7M | — |
| Q2 2015 | 2015-06-30 | −$23.7M | $135.2M | — |
| Q1 2015 | 2015-03-31 | −$70.2M | $71.2M | — |
| Q4 2014 | 2014-12-31 | −$125.1M | $20.4M | — |
| Q3 2014 | 2014-09-30 | −$159.6M | −$29.8M | — |
| Q2 2014 | 2014-06-30 | −$158.9M | −$47.8M | — |
| Q1 2014 | 2014-03-31 | −$141.4M | −$43.1M | — |
| Q4 2013 | 2013-12-31 | −$145.6M | −$46.9M | — |
| Q3 2013 | 2013-09-30 | −$129.7M | −$16.0M | — |
| Q2 2013 | 2013-06-30 | −$111.1M | −$21.6M | — |
| Q1 2013 | 2013-03-31 | −$98.3M | −$21.9M | — |
| Q4 2012 | 2012-12-31 | −$98.7M | −$22.3M | — |
| Q3 2012 | 2012-09-30 | −$113.7M | −$47.7M | — |
| Q2 2012 | 2012-06-30 | −$89.5M | −$48.3M | — |
| Q1 2012 | 2012-03-31 | −$76.4M | — | — |
| Q4 2011 | 2011-12-31 | −$76.4M | $34.1M | — |
| Q3 2011 | 2011-09-30 | −$66.0M | — | — |
| Q2 2011 | 2011-06-30 | −$41.3M | — | — |
| Q4 2010 | 2010-12-31 | −$110.6M | — | — |
ExlService Holdings net debt trends
Over the last five fiscal years, ExlService Holdings's net debt increased from $112.7M to $259.5M, a change of $146.7M. The latest reported quarter, Q2 2026, shows $361.3M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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