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% | −1.31 pp |
| 2015 | 2015-12-31 | 10.72% | +3.90 pp |
| 2014 | 2014-12-31 | 6.82% | −7.27 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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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 14.68% | −1.09 pp |
| 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% | −9.13 pp |
| Q3 2018 | 2018-09-30 | 8.51% | −2.38 pp |
| Q2 2018 | 2018-06-30 | 8.13% | −1.53 pp |
| Q1 2018 | 2018-03-31 | 7.32% | −2.08 pp |
| Q4 2017 | 2017-12-31 | 8.24% | +0.09 pp |
| Q3 2017 | 2017-09-30 | 10.89% | +0.75 pp |
| Q2 2017 | 2017-06-30 | 9.66% | +0.14 pp |
| Q1 2017 | 2017-03-31 | 9.40% | −0.45 pp |
| Q4 2016 | 2016-12-31 | 8.15% | −2.63 pp |
| Q3 2016 | 2016-09-30 | 10.14% | −2.55 pp |
| Q2 2016 | 2016-06-30 | 9.52% | −0.27 pp |
| Q1 2016 | 2016-03-31 | 9.85% | +0.46 pp |
| Q4 2015 | 2015-12-31 | 10.78% | +5.56 pp |
| Q3 2015 | 2015-09-30 | 12.69% | +8.29 pp |
| Q2 2015 | 2015-06-30 | 9.80% | +4.71 pp |
| Q1 2015 | 2015-03-31 | 9.38% | −3.33 pp |
| Q4 2014 | 2014-12-31 | 5.22% | −13.29 pp |
| Q3 2014 | 2014-09-30 | 4.40% | −11.55 pp |
| Q2 2014 | 2014-06-30 | 5.09% | −5.97 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% | — |
| Q3 2011 | 2011-09-30 | 11.66% | +1.32 pp |
| Q2 2011 | 2011-06-30 | 11.06% | +2.37 pp |
| 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 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, Q2 2026, shows 14.68%.
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 source filings ↗