ExlService Holdings, Inc.: stock overview

EXLSNASDAQTechnology · Services-Business Services, NEC

Price

$43.25

November 13, 2026Market cap $6.8B

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  • The full history: 15 fiscal years, from 2009
  • The estimated fair value, with its range and its certainty
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  • More questions to the chat on its filings
  • Excel with every year
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In short

ExlService had revenue of $2.3B over the last 12 months and net income of $261M, a net margin of 11.1%. Revenue grew by 16.9% a year on average over the last 5 years. At $43.25 the shares trade at a P/E of 26.0, against a median of 36.7 over the last 5 fiscal years. It has net debt of $181M. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$6.8B
156M shares
P/E
26.0
Today26.0
Median36.7
Revenue, 12 months
$2.3B
+16.9% a year over 5 years
Net margin
11.1%
2025: 12.0%, above 75% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+13.1% a year over 2 years

  • 202510-K
    Revenue$2.1B
  • 202410-K
    Revenue$1.8B
  • 202310-K
    Revenue$1.6B

Fiscal years in figures

EXLS's revenue, profit, cash flow and dividend with each year-end price, from 2009 to 2022, 12 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $6.6B
$6.8B
Enterprise value 
$6.9B
P/E 3-year median: 28.0
26.0
EV / EBIT 
20.1
EV / Revenue 
3.0
P/B 3-year median: 7.3
7.3
FCF yield 3-year median: 3.1%
4.0%
Earnings yield 3-year median: 3.6%
3.9%

Profitability

Gross margin 
38.4%
Operating margin 
14.8%
Net margin 3-year median: 11.3%
11.1%
ROIC 
19.7%
ROIC, 5-year average 
16.6%
ROE 
29.4%

Growth

Revenue, yearly change 
+13.6%
EPS, yearly change 
+27.3%
FCF, yearly change 
+34.1%
Revenue, average a year 
+16.9%
EPS, average a year 
+24.3%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$333M
Total debt 
$618M
Of which operating leases 
$104M
Net debt 
$181M
Net debt / EBITDA 
0.5x
Interest cover 
17.6x
Current ratio 
2.16

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
4.86%
Total returned 
4.86%
Shares, yearly change 
-3.7%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 73).

Gross margin

38.4%

Above 30% of the 293 companies in its industry, and 53% of all.

Operating margin

15.0%

Above 78% of the 462 companies in its industry, and 75% of all.

Net margin

12.0%

Above 75% of the 473 companies in its industry, and 69% of all.

ROE

27.5%

Above 86% of the 398 companies in its industry, and 90% of all.

ROA

14.8%

Above 90% of the 462 companies in its industry, and 94% of all.

Revenue growth

13.6%

Above 63% of the 461 companies in its industry, and 71% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
ExlService Holdings, Inc.
CIK
1297989
Exchange
NASDAQ
Industry (SIC)
7389 · Services-Business Services, NEC
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
156M

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The full analysis

What do ExlService's filings show?

These are ExlService's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about EXLS

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What is EXLS's market cap?

ExlService Holdings, Inc.'s market cap is $6.8B, at a price of $43.25 on November 13, 2026 and 156M shares.

What is EXLS's P/E?

EXLS's P/E is 26.0, on earnings per share of $1.67 over the last 12 months. The median over the last 5 fiscal years was 36.7.

How much revenue does EXLS have?

ExlService had revenue of $2.3B over the last 12 months. Over the last 5 years it changed by +16.9% a year on average.

Does EXLS pay a dividend?

No. ExlService paid no regular dividend over the last 12 months.

Where do the figures come from?

From ExlService Holdings, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.