--- title: "ExlService Holdings Inc. Metrics Guide" description: "ExlService Holdings Inc. revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios explained." canonical: https://www.getswoopr.com/stocks/companies/exlservice-holdings-inc/financial-metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # ExlService Holdings Inc. Financial Metrics Guide ## Direct Answer > ExlService Holdings Inc. reported revenue of $2.1 billion for the fiscal year ended December 31, 2025, with an operating margin of 15.0% and net income of $251 million, according to its SEC filings. Revenue grew 13.6% from the prior year. ## What Are ExlService Holdings Inc.'s Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $2.1 billion | $1.8 billion | $1.6 billion | $1.4 billion | | Operating income | $314 million | $264 million | $239 million | $192 million | | Operating margin | 15.0% | 14.3% | 14.6% | 13.6% | | Net income | $251 million | $198 million | $185 million | $143 million | | Net margin | 12.0% | 10.8% | 11.3% | 10.1% | | Operating cash flow | $351 million | $269 million | $211 million | $166 million | | Capital expenditures | $53 million | $46 million | $53 million | $45 million | | Free cash flow | $298 million | $222 million | $158 million | $121 million | Operating margin widened by 0.7 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $298 million against net income of $251 million; cash generation covered reported earnings. ![Bar chart of ExlService Holdings Inc. revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $2.1 billion, operating income $314 million and net income $251 million.](https://www.getswoopr.com/images/charts/exlservice-holdings-inc-metrics-revenue-profit.webp) *ExlService Holdings Inc. revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of ExlService Holdings Inc. operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 15.0% and net margin was 12.0%.](https://www.getswoopr.com/images/charts/exlservice-holdings-inc-metrics-margins.webp) *ExlService Holdings Inc. operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of ExlService Holdings Inc. operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $351 million, capital expenditures was $53 million, free cash flow was $298 million.](https://www.getswoopr.com/images/charts/exlservice-holdings-inc-metrics-cash-flow.webp) *ExlService Holdings Inc. operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does ExlService Holdings Inc.'s Balance Sheet Show? | Cash and cash equivalents | $146 million | | --- | --- | | Long-term debt | $294 million | | Total assets | $1.7 billion | | Total liabilities | $790 million | | Shareholders' equity | $913 million | | Current ratio | 2.6x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value ExlService Holdings Inc. reported in its own SEC filings, read from the SEC's XBRL data (accession 0001297989-26-000008 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was ExlService Holdings Inc.'s revenue in fiscal 2025? ExlService Holdings Inc. reported revenue of $2.1 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is ExlService Holdings Inc.'s operating margin? ExlService Holdings Inc.'s operating margin was 15.0% in fiscal 2025: operating income of $314 million on revenue of $2.1 billion. ### How much free cash flow did ExlService Holdings Inc. generate? Operating cash flow of $351 million less capital expenditures of $53 million gives free cash flow of $298 million for fiscal 2025. ## References - [SEC EDGAR: ExlService Holdings, Inc. Form 10-K filed February 24, 2026](https://www.sec.gov/Archives/edgar/data/1297989/000129798926000008/exls-20251231.htm) - [SEC EDGAR: ExlService Holdings, Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1297989&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [ExlService Holdings Inc. company dossier](https://www.getswoopr.com/stocks/companies/exlservice-holdings-inc/) - [ExlService Holdings Inc. financial metrics](https://www.getswoopr.com/stocks/companies/exlservice-holdings-inc/financial-metrics/) - [ExlService Holdings Inc. financial risk indicators](https://www.getswoopr.com/stocks/companies/exlservice-holdings-inc/risks-monitoring/) - [ExlService Holdings Inc. business model and revenue mix](https://www.getswoopr.com/stocks/companies/exlservice-holdings-inc/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) [Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/) Swoopr's editorial team produces independent investment education content. 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