ExlService Holdings, Inc.EXLSEarnings & Financial Report
Exlservice Holdings, Inc. is a global analytics and digital solutions company serving industries including insurance, healthcare, banking and financial services, media, retail, and others. The company is headquartered in New York and has more than 54,000 professionals in locations throughout the United States, Europe, Asia, Latin America, Australia and South Africa.
Revenue
$472.1M
Gross Profit
$178.3M
Operating Profit
$69.4M
Net Profit
$53.0M
Gross Margin
37.8%
Operating Margin
14.7%
Net Margin
11.2%
YoY Growth
14.9%
EPS
$0.33
ExlService Holdings, Inc. Q3 FY2024 Financial Summary
ExlService Holdings, Inc. reported revenue of $472.1M (up 14.9% YoY) for Q3 FY2024, with a net profit of $53.0M (up 20.9% YoY) (11.2% margin). Cost of goods sold was $293.8M, operating expenses totaled $108.9M.
Key Financial Metrics
| Total Revenue | $472.1M |
|---|---|
| Net Profit | $53.0M |
| Gross Margin | 37.8% |
| Operating Margin | 14.7% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
ExlService Holdings, Inc. Q3 FY2024 revenue of $472.1M breaks down across 5 segments, led by Analytics Services at $204.0M (43.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Analytics Services | $204.0M | 43.2% |
| Insurance | $157.6M | 33.4% |
| GB | $56.6M | 12.0% |
| Health Care Segment | $30.5M | 6.5% |
| Other | $23.3M | 4.9% |
ExlService Holdings, Inc. Revenue by Segment — Quarterly Trend
ExlService Holdings, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Analytics Services and Insurance) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Insurance | $185.8M | $180.5M | $172.2M | $172.1M |
ExlService Holdings, Inc. Annual Revenue by Year
ExlService Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.1B |
| 2024 | $1.8B |
| 2023 | $1.6B |
| 2022 | $1.4B |
ExlService Holdings, Inc. Quarterly Revenue & Net Profit History
ExlService Holdings, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $542.6M | +12.7% | $60.2M | 11.1% |
| Q3 FY2025 | $529.6M | +12.2% | $58.2M | 11.0% |
| Q2 FY2025 | $514.5M | +14.7% | $66.1M | 12.8% |
| Q1 FY2025 | $501.0M | +14.8% | $66.6M | 13.3% |
| Q4 FY2024 | $481.4M | +16.3% | $50.7M | 10.5% |
| Q3 FY2024 | $472.1M | +14.9% | $53.0M | 11.2% |
| Q2 FY2024 | $448.4M | +10.7% | $45.8M | 10.2% |
| Q1 FY2024 | $436.5M | +9.0% | $48.8M | 11.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $436.5M | $448.4M | $472.1M | $481.4M | $501.0M | $514.5M | $529.6M | $542.6M |
| YoY Growth | 9.0% | 10.7% | 14.9% | 16.3% | 14.8% | 14.7% | 12.2% | 12.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.44B | $1.50B | $1.61B | $1.62B | $1.68B | $1.71B | $1.73B | $1.70B |
| Liabilities | $636.1M | $651.2M | $702.3M | $688.5M | $664.5M | $647.6M | $781.2M | $789.5M |
| Equity | $803.3M | $852.6M | $907.6M | $929.9M | $1.01B | $1.06B | $952.4M | $912.7M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-21.9M | $74.9M | $110.1M | $105.3M | $3.2M | $109.4M | $120.7M | $117.4M |