What Are ExlService Holdings Inc.'s Key Financial Figures?
| Fiscal year | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended 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.
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.