EXLSERVICE HOLDINGS, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $2.09B | $1.84B | $1.63B | $1.41B | $1.12B | $958.4M | $991.3M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | $801.1M | $691.0M | $607.8M | $515.4M | $431.4M | $334.5M | $335.9M |
| Gross Margin | — | 38.4% | 37.6% | 37.3% | 36.5% | 38.4% | 34.9% | 33.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $255.3M | $225.7M | $198.3M | $169.0M | $142.0M | $113.9M | $126.9M |
| Operating Income | — | $313.8M | $263.6M | $238.8M | $192.2M | $155.9M | $110.0M | $76.5M |
| Operating Margin | — | 15.0% | 14.3% | 14.6% | 13.6% | 13.9% | 11.5% | 7.7% |
| Interest Expense | — | — | — | $13.2M | $8.3M | $7.6M | $11.2M | $13.6M |
| Pretax Income | — | $315.1M | $261.3M | $237.9M | $190.1M | $146.6M | $115.3M | $83.1M |
| Income Tax Expense | — | $63.7M | $62.9M | $53.5M | $47.6M | $31.9M | $25.6M | $15.2M |
| Net Income | — | $251.0M | $198.3M | $184.6M | $143.0M | $114.8M | $89.5M | $67.7M |
| Net Margin | — | 12.0% | 10.8% | 11.3% | 10.1% | 10.2% | 9.3% | 6.8% |
| EPS (Basic) | — | $1.56 | $1.22 | $1.11 | $0.86 | $0.68 | $0.52 | $0.39 |
| EPS (Diluted) | — | $1.54 | $1.21 | $1.10 | $0.85 | $0.67 | $0.52 | $0.39 |
| Shares Outstanding (Basic) | 156.4M | 161.0M | 162.7M | 166.3M | 166.7M | 167.7M | 171.4M | 171.8M |
| Shares Outstanding (Diluted) | 156.4M | 162.5M | 164.3M | 168.2M | 169.2M | 171.2M | 172.8M | 173.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |