ExlService Holdings annual operating margin
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2025
ExlService Holdings Operating Margin Growth & History (EXLS)
ExlService Holdings's operating margin was 15.03% for fiscal 2025.
View full ExlService Holdings company overviewExlService Holdings annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 15.03% | +0.69 pp |
| 2024 | 2024-12-31 | 14.34% | −0.30 pp |
| 2023 | 2023-12-31 | 14.64% | +1.03 pp |
| 2022 | 2022-12-31 | 13.61% | −0.28 pp |
| 2021 | 2021-12-31 | 13.89% | +2.41 pp |
| 2020 | 2020-12-31 | 11.48% | +3.77 pp |
| 2019 | 2019-12-31 | 7.71% | +2.07 pp |
| 2018 | 2018-12-31 | 5.64% | −3.90 pp |
| 2017 | 2017-12-31 | 9.54% | +0.14 pp |
| 2016 | 2016-12-31 | 9.40% | −4.69 pp |
| 2013 | 2013-12-31 | 14.09% | +1.17 pp |
| 2012 | 2012-12-31 | 12.92% | +1.46 pp |
| 2011 | 2011-12-31 | 11.46% | +0.97 pp |
| 2010 | 2010-12-31 | 10.49% | −2.28 pp |
| 2009 | 2009-12-31 | 12.78% | — |
ExlService Holdings quarterly operating margin
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Q3.10
Q1.11
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Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.17
Q3.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
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Q2.23
Q3.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-03-31 | 16.10% | +0.45 pp |
| Q4 2025 | 2025-12-31 | 14.38% | −0.42 pp |
| Q3 2025 | 2025-09-30 | 14.38% | −0.32 pp |
| Q2 2025 | 2025-06-30 | 15.77% | +2.07 pp |
| Q1 2025 | 2025-03-31 | 15.65% | +1.56 pp |
| Q4 2024 | 2024-12-31 | 14.80% | +1.69 pp |
| Q3 2024 | 2024-09-30 | 14.70% | +0.05 pp |
| Q2 2024 | 2024-06-30 | 13.71% | −2.30 pp |
| Q1 2024 | 2024-03-31 | 14.09% | −0.74 pp |
| Q4 2023 | 2023-12-31 | 13.11% | −0.50 pp |
| Q3 2023 | 2023-09-30 | 14.66% | +0.79 pp |
| Q2 2023 | 2023-06-30 | 16.00% | +2.43 pp |
| Q1 2023 | 2023-03-31 | 14.84% | +1.48 pp |
| Q4 2022 | 2022-12-31 | 13.61% | +1.41 pp |
| Q3 2022 | 2022-09-30 | 13.87% | −0.75 pp |
| Q2 2022 | 2022-06-30 | 13.58% | +0.55 pp |
| Q1 2022 | 2022-03-31 | 13.36% | −2.54 pp |
| Q4 2021 | 2021-12-31 | 12.20% | −3.17 pp |
| Q3 2021 | 2021-09-30 | 14.62% | +0.34 pp |
| Q2 2021 | 2021-06-30 | 13.03% | +8.59 pp |
| Q1 2021 | 2021-03-31 | 15.90% | +4.72 pp |
| Q4 2020 | 2020-12-31 | 15.37% | +6.29 pp |
| Q3 2020 | 2020-09-30 | 14.28% | +5.36 pp |
| Q2 2020 | 2020-06-30 | 4.43% | −1.26 pp |
| Q1 2020 | 2020-03-31 | 11.17% | +4.14 pp |
| Q4 2019 | 2019-12-31 | 9.08% | +9.97 pp |
| Q3 2019 | 2019-09-30 | 8.92% | +0.41 pp |
| Q2 2019 | 2019-06-30 | 5.69% | −2.44 pp |
| Q1 2019 | 2019-03-31 | 7.04% | −0.28 pp |
| Q4 2018 | 2018-12-31 | −0.89% | −11.78 pp |
| Q3 2018 | 2018-09-30 | 8.51% | −1.15 pp |
| Q2 2018 | 2018-06-30 | 8.13% | −4.58 pp |
| Q1 2018 | 2018-03-31 | 7.32% | −11.19 pp |
| Q3 2017 | 2017-09-30 | 10.89% | −5.06 pp |
| Q2 2017 | 2017-06-30 | 9.66% | −1.39 pp |
| Q1 2014 | 2014-03-31 | 12.72% | +2.28 pp |
| Q4 2013 | 2013-12-31 | 18.51% | +5.30 pp |
| Q3 2013 | 2013-09-30 | 15.95% | +0.98 pp |
| Q2 2013 | 2013-06-30 | 11.06% | −2.27 pp |
| Q1 2013 | 2013-03-31 | 10.43% | +0.46 pp |
| Q4 2012 | 2012-12-31 | 13.21% | +0.79 pp |
| Q3 2012 | 2012-09-30 | 14.98% | +3.32 pp |
| Q2 2012 | 2012-06-30 | 13.32% | +2.26 pp |
| Q1 2012 | 2012-03-31 | 9.97% | −0.33 pp |
| Q4 2011 | 2011-12-31 | 12.42% | +2.09 pp |
| Q3 2011 | 2011-09-30 | 11.66% | +2.96 pp |
| Q2 2011 | 2011-06-30 | 11.06% | — |
| Q1 2011 | 2011-03-31 | 10.30% | — |
| Q3 2010 | 2010-09-30 | 10.33% | — |
| Q2 2010 | 2010-06-30 | 8.69% | — |
ExlService Holdings operating margin trends
Over the last five reported fiscal years, ExlService Holdings's operating margin increased from 11.48% to 15.03%, a change of +3.55 percentage points. The latest reported quarter, Q1 2026, shows 16.10%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review ExlService Holdings filings at SEC.gov ↗