# ExlService Holdings, Inc.: financial statements, quarterly

EXLS · Nasdaq · CIK 1297989 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/exls.md) · [Financials](/companies/exls/financials.md) · [Filings](/companies/exls/filings.md) · [Insiders](/companies/exls/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/exls/financials.md?period=annual).

## Income statement

| Line item | Unit | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [414 d](/filings/0001297989-26-000008.md) | [437](/filings/0001297989-25-000008.md) | [448](/filings/0001297989-25-000014.md) | [472](/filings/0001297989-25-000023.md) | [481 d](/filings/0001297989-26-000008.md) | [501](/filings/0001297989-26-000016.md) | [514](/filings/0001297989-26-000023.md) | [530](/filings/0001297989-26-000031.md) | [543 d](/filings/0001297989-26-000008.md) | [570](/filings/0001297989-26-000016.md) | [595](/filings/0001297989-26-000023.md) | [634](/filings/0001297989-26-000031.md) |
| Cost of revenue | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Gross profit | $m | [152 d](/filings/0001297989-26-000008.md) | [163](/filings/0001297989-25-000008.md) | [166](/filings/0001297989-25-000014.md) | [178](/filings/0001297989-25-000023.md) | [183 d](/filings/0001297989-26-000008.md) | [193](/filings/0001297989-26-000016.md) | [194](/filings/0001297989-26-000023.md) | [204](/filings/0001297989-26-000031.md) | [210 d](/filings/0001297989-26-000008.md) | [222](/filings/0001297989-26-000016.md) | [226](/filings/0001297989-26-000023.md) | [241](/filings/0001297989-26-000031.md) |
| Operating income | $m | [54.3 d](/filings/0001297989-26-000008.md) | [61.5](/filings/0001297989-25-000008.md) | [61.4](/filings/0001297989-25-000014.md) | [69.4](/filings/0001297989-25-000023.md) | [71.2 d](/filings/0001297989-26-000008.md) | [78.4](/filings/0001297989-26-000016.md) | [81.1](/filings/0001297989-26-000023.md) | [76.2](/filings/0001297989-26-000031.md) | [78.0 d](/filings/0001297989-26-000008.md) | [91.8](/filings/0001297989-26-000016.md) | [87.3](/filings/0001297989-26-000023.md) | [88.9](/filings/0001297989-26-000031.md) |
| Interest expense | $m | [3.2 d](/filings/0001297989-24-000003.md) | [3.3](/filings/0001297989-24-000005.md) | [5.3](/filings/0001297989-25-000014.md) | [5.5](/filings/0001297989-25-000023.md) | [5.1 d](/filings/0001297989-26-000008.md) | [4.1](/filings/0001297989-26-000016.md) | [4.3](/filings/0001297989-26-000023.md) | [4.9](/filings/0001297989-26-000031.md) | [4.3 d](/filings/0001297989-26-000008.md) | [4.0](/filings/0001297989-26-000016.md) | [5.1](/filings/0001297989-26-000023.md) | [6.3](/filings/0001297989-26-000031.md) |
| Income tax | $m | [15.8 d](/filings/0001297989-26-000008.md) | [13.8](/filings/0001297989-25-000008.md) | [13.9](/filings/0001297989-25-000014.md) | [15.5](/filings/0001297989-25-000023.md) | [19.9 d](/filings/0001297989-26-000008.md) | [13.5](/filings/0001297989-26-000016.md) | [18.5](/filings/0001297989-26-000023.md) | [16.5](/filings/0001297989-26-000031.md) | [15.2 d](/filings/0001297989-26-000008.md) | [24.3](/filings/0001297989-26-000016.md) | [19.4](/filings/0001297989-26-000023.md) | [17.9](/filings/0001297989-26-000031.md) |
| Net income | $m | [40.3 d](/filings/0001297989-26-000008.md) | [48.8](/filings/0001297989-25-000008.md) | [45.8](/filings/0001297989-25-000014.md) | [53.0](/filings/0001297989-25-000023.md) | [50.7 d](/filings/0001297989-26-000008.md) | [66.6](/filings/0001297989-26-000016.md) | [66.1](/filings/0001297989-26-000023.md) | [58.2](/filings/0001297989-26-000031.md) | [60.2 d](/filings/0001297989-26-000008.md) | [67.1](/filings/0001297989-26-000016.md) | [64.5](/filings/0001297989-26-000023.md) | [68.8](/filings/0001297989-26-000031.md) |
| Diluted EPS | $ per share | not reported | [0.29](/filings/0001297989-25-000008.md) | [0.28](/filings/0001297989-25-000014.md) | [0.33](/filings/0001297989-25-000023.md) | not reported | [0.40](/filings/0001297989-26-000016.md) | [0.40](/filings/0001297989-26-000023.md) | [0.36](/filings/0001297989-26-000031.md) | not reported | [0.43](/filings/0001297989-26-000016.md) | [0.42](/filings/0001297989-26-000023.md) | [0.45](/filings/0001297989-26-000031.md) |
| Basic EPS | $ per share | not reported | [0.30](/filings/0001297989-25-000008.md) | [0.28](/filings/0001297989-25-000014.md) | [0.33](/filings/0001297989-25-000023.md) | not reported | [0.41](/filings/0001297989-26-000016.md) | [0.41](/filings/0001297989-26-000023.md) | [0.36](/filings/0001297989-26-000031.md) | not reported | [0.43](/filings/0001297989-26-000016.md) | [0.42](/filings/0001297989-26-000023.md) | [0.45](/filings/0001297989-26-000031.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Cost of revenue: not reported
- Gross profit: us-gaap:GrossProfit
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense, us-gaap:InterestExpenseNonoperating
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $m | [137](/filings/0001297989-26-000008.md) | [109](/filings/0001297989-25-000008.md) | [115](/filings/0001297989-25-000014.md) | [150](/filings/0001297989-25-000023.md) | [153](/filings/0001297989-26-000008.md) | [140](/filings/0001297989-26-000016.md) | [149](/filings/0001297989-26-000023.md) | [160](/filings/0001297989-26-000031.md) | [146](/filings/0001297989-26-000031.md) | [145](/filings/0001297989-26-000016.md) | [127](/filings/0001297989-26-000023.md) | [154](/filings/0001297989-26-000031.md) |
| Current assets | $m | [680](/filings/0001297989-25-000002.md) | [665](/filings/0001297989-24-000005.md) | [704](/filings/0001297989-24-000007.md) | [768](/filings/0001297989-24-000011.md) | [795](/filings/0001297989-26-000008.md) | [831](/filings/0001297989-25-000008.md) | [858](/filings/0001297989-25-000014.md) | [892](/filings/0001297989-25-000023.md) | [830](/filings/0001297989-26-000031.md) | [797](/filings/0001297989-26-000016.md) | [875](/filings/0001297989-26-000023.md) | [959](/filings/0001297989-26-000031.md) |
| Total assets | $m | [1,442](/filings/0001297989-25-000002.md) | [1,439](/filings/0001297989-24-000005.md) | [1,504](/filings/0001297989-24-000007.md) | [1,610](/filings/0001297989-24-000011.md) | [1,618](/filings/0001297989-26-000008.md) | [1,676](/filings/0001297989-25-000008.md) | [1,709](/filings/0001297989-25-000014.md) | [1,734](/filings/0001297989-25-000023.md) | [1,702](/filings/0001297989-26-000031.md) | [1,676](/filings/0001297989-26-000016.md) | [1,748](/filings/0001297989-26-000023.md) | [2,073](/filings/0001297989-26-000031.md) |
| Current liabilities | $m | [326](/filings/0001297989-25-000002.md) | [261](/filings/0001297989-24-000005.md) | [287](/filings/0001297989-24-000007.md) | [254](/filings/0001297989-24-000011.md) | [290](/filings/0001297989-26-000008.md) | [244](/filings/0001297989-25-000008.md) | [272](/filings/0001297989-25-000014.md) | [307](/filings/0001297989-25-000023.md) | [324](/filings/0001297989-26-000031.md) | [300](/filings/0001297989-26-000016.md) | [704](/filings/0001297989-26-000023.md) | [444](/filings/0001297989-26-000031.md) |
| Total liabilities | $m | [553](/filings/0001297989-25-000002.md) | [636](/filings/0001297989-24-000005.md) | [651](/filings/0001297989-24-000007.md) | [702](/filings/0001297989-24-000011.md) | [689](/filings/0001297989-26-000008.md) | [665](/filings/0001297989-25-000008.md) | [648](/filings/0001297989-25-000014.md) | [781](/filings/0001297989-25-000023.md) | [790](/filings/0001297989-26-000031.md) | [898](/filings/0001297989-26-000016.md) | [882](/filings/0001297989-26-000023.md) | [1,145](/filings/0001297989-26-000031.md) |
| Long-term debt | $m | [135](/filings/0001297989-25-000002.md) | [280](/filings/0001297989-24-000005.md) | [260](/filings/0001297989-24-000007.md) | [340](/filings/0001297989-24-000011.md) | [284](/filings/0001297989-26-000008.md) | [302](/filings/0001297989-25-000008.md) | [255](/filings/0001297989-25-000014.md) | [350](/filings/0001297989-25-000023.md) | [294](/filings/0001297989-26-000031.md) | [412](/filings/0001297989-26-000016.md) | [0.0](/filings/0001297989-26-000023.md) | [501](/filings/0001297989-26-000031.md) |
| Current portion of debt | $m | [65.0](/filings/0001297989-25-000002.md) | [65.0](/filings/0001297989-24-000005.md) | [75.0](/filings/0001297989-24-000007.md) | [4.9](/filings/0001297989-24-000011.md) | [4.9](/filings/0001297989-26-000008.md) | [4.9](/filings/0001297989-25-000008.md) | [4.9](/filings/0001297989-25-000014.md) | [4.9](/filings/0001297989-25-000023.md) | [4.9](/filings/0001297989-26-000031.md) | [4.9](/filings/0001297989-26-000016.md) | [381](/filings/0001297989-26-000023.md) | [9.7](/filings/0001297989-26-000031.md) |
| Short-term borrowings | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Shareholders' equity | $m | [889](/filings/0001297989-26-000008.md) | [803](/filings/0001297989-24-000005.md) | [853](/filings/0001297989-24-000007.md) | [908](/filings/0001297989-24-000011.md) | [930](/filings/0001297989-26-000008.md) | [1,012](/filings/0001297989-25-000008.md) | [1,061](/filings/0001297989-25-000014.md) | [952](/filings/0001297989-25-000023.md) | [913](/filings/0001297989-26-000031.md) | [779](/filings/0001297989-26-000016.md) | [866](/filings/0001297989-26-000023.md) | [928](/filings/0001297989-26-000031.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Total liabilities: us-gaap:Liabilities
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: us-gaap:LongTermDebtCurrent
- Short-term borrowings: not reported
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [79.0 d](/filings/0001297989-26-000008.md) | [(21.9)](/filings/0001297989-25-000008.md) | [74.9 d](/filings/0001297989-25-000014.md) | [110 d](/filings/0001297989-25-000023.md) | [105 d](/filings/0001297989-26-000008.md) | [3.2](/filings/0001297989-26-000016.md) | [109 d](/filings/0001297989-26-000023.md) | [121 d](/filings/0001297989-26-000031.md) | [117 d](/filings/0001297989-26-000008.md) | [1.7](/filings/0001297989-26-000016.md) | [87.9 d](/filings/0001297989-26-000023.md) | [119 d](/filings/0001297989-26-000031.md) |
| Capital expenditure | $m | [11.7 d](/filings/0001297989-26-000008.md) | [11.3](/filings/0001297989-25-000008.md) | [12.1 d](/filings/0001297989-25-000014.md) | [12.9 d](/filings/0001297989-25-000023.md) | [10.1 d](/filings/0001297989-26-000008.md) | [12.9](/filings/0001297989-26-000016.md) | [14.4 d](/filings/0001297989-26-000023.md) | [14.4 d](/filings/0001297989-26-000031.md) | [10.9 d](/filings/0001297989-26-000008.md) | [12.9](/filings/0001297989-26-000016.md) | [14.5 d](/filings/0001297989-26-000023.md) | [16.7 d](/filings/0001297989-26-000031.md) |
| Share repurchases | $m | [31.3 d](/filings/0001297989-26-000008.md) | [152](/filings/0001297989-25-000008.md) | [8.4 d](/filings/0001297989-25-000014.md) | [35.2 d](/filings/0001297989-25-000023.md) | [12.0 d](/filings/0001297989-26-000008.md) | [18.0](/filings/0001297989-26-000016.md) | [41.7 d](/filings/0001297989-26-000023.md) | [159 d](/filings/0001297989-26-000031.md) | [110 d](/filings/0001297989-26-000008.md) | [166](/filings/0001297989-26-000016.md) | [20.6 d](/filings/0001297989-26-000023.md) | [25.8 d](/filings/0001297989-26-000031.md) |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [170](/filings/0001297989-24-000005.md) | [168](/filings/0001297989-24-000007.md) | [168](/filings/0001297989-24-000011.md) | [167](/filings/0001297989-25-000008.md) | [164](/filings/0001297989-25-000014.md) | [163](/filings/0001297989-25-000023.md) | [165](/filings/0001297989-26-000016.md) | [164](/filings/0001297989-26-000023.md) | [162](/filings/0001297989-26-000031.md) | [157](/filings/0001297989-26-000016.md) | [153](/filings/0001297989-26-000023.md) | [153](/filings/0001297989-26-000031.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 150,788,731 at 2026-10-23, from the cover of the [10-Q filed 2026-10-27](/filings/0001297989-26-000031.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 27, 2026, 21:49 ET. No prices; not investment advice.