ExlService Quarterly Income Statement
NASDAQ: EXLSConsumer DiscretionaryBusiness ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
ExlService revenue and earnings
In the quarter ended Mar 31, 2026, ExlService generated $570.4 million in revenue, up 13.8% from the same quarter a year earlier. Net income was $67.1 million (+0.8% year over year), for a net margin of 11.8% versus a median of 11.1% in the prior 5 quarters. Gross margin was 38.9% (up from 38.6%) and operating margin 16.1%.
Diluted earnings per share came in at $0.43, up from $0.40.
Summary generated from market data by MetaCap's automated system. Methodology
ExlService income statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 570.35M | 542.62M | 529.59M | 514.46M | 501.02M | 481.43M | 472.07M | 448.37M | 436.51M | 414.06M | 410.97M | 405.00M |
| Revenue growth (YoY) | +13.84% | +12.71% | +12.18% | +14.74% | +14.78% | +16.27% | +14.87% | +10.71% | +8.95% | +10.50% | +13.73% | +16.79% |
| Cost of Revenue | 348.27M | 332.98M | 325.65M | 320.27M | 307.70M | 298.02M | 293.81M | 282.11M | 273.42M | 262.21M | 256.00M | 253.22M |
| Gross Profit | 222.08M | 209.64M | 203.94M | 194.19M | 193.31M | 183.40M | 178.27M | 166.26M | 163.08M | 151.85M | 154.97M | 151.78M |
| Operating Expenses | 130.25M | 131.62M | 127.76M | 113.05M | 114.90M | 112.16M | 108.86M | 104.81M | 101.56M | 97.58M | 94.74M | 86.97M |
| Selling, General & Admin | 116.25M | 115.27M | 112.63M | 99.00M | 101.34M | 96.00M | 95.06M | 91.90M | 89.21M | 85.28M | 83.16M | 73.84M |
| Operating Income | 91.83M | 78.02M | 76.17M | 81.14M | 78.42M | 71.24M | 69.41M | 61.45M | 61.52M | 54.27M | 60.23M | 64.81M |
| Interest Expense | 3.95M | 4.26M | 4.92M | 4.28M | 4.14M | 5.11M | 5.53M | 5.33M | 3.29M | 3.15M | 3.40M | 3.24M |
| Other Income (Expense) | -425.00K | -2.57M | -1.48M | 3.60M | 1.75M | -677.00K | -874.00K | -1.74M | 1.02M | 1.78M | -2.22M | -255.00K |
| Pretax Income | 91.40M | 75.45M | 74.70M | 84.74M | 80.17M | 70.56M | 68.53M | 59.71M | 62.54M | 56.05M | 58.01M | 64.56M |
| Income Tax | 24.32M | 15.23M | 16.46M | 18.55M | 13.50M | 19.85M | 15.46M | 13.87M | 13.75M | 15.76M | 14.16M | 15.55M |
| Net Income | 67.08M | 60.25M | 58.16M | 66.05M | 66.56M | 50.67M | 53.04M | 45.83M | 48.76M | 40.28M | 43.88M | 49.07M |
| Net Income growth (YoY) | +0.78% | +18.89% | +9.66% | +44.14% | +36.50% | +25.79% | +20.88% | -6.61% | -5.00% | +26.48% | +12.23% | +36.89% |
| EPS (Basic) | 0.43 | 0.38 | 0.36 | 0.41 | 0.41 | 0.31 | 0.33 | 0.28 | 0.30 | 0.25 | 0.26 | 0.29 |
| EPS (Diluted) | 0.43 | 0.38 | 0.36 | 0.40 | 0.40 | 0.31 | 0.33 | 0.28 | 0.29 | 0.25 | 0.26 | 0.29 |
| Shares Outstanding (Basic) | 156.05M | — | 160.50M | 162.93M | 162.49M | — | 161.73M | 162.79M | 165.08M | — | 166.16M | 166.78M |
| Shares Outstanding (Diluted) | 156.90M | — | 161.71M | 164.19M | 164.56M | — | 163.19M | 163.96M | 166.73M | — | 167.69M | 168.44M |
| EBITDA | 105.82M | 94.39M | 91.36M | 95.28M | 91.96M | 87.39M | 83.24M | 74.34M | 73.86M | 66.54M | 71.78M | 77.87M |
| Gross Margin | 38.94% | 38.63% | 38.51% | 37.75% | 38.58% | 38.10% | 37.76% | 37.08% | 37.36% | 36.67% | 37.71% | 37.48% |
| Operating Margin | 16.10% | 14.38% | 14.38% | 15.77% | 15.65% | 14.80% | 14.70% | 13.71% | 14.09% | 13.11% | 14.66% | 16.00% |
| Net Margin | 11.76% | 11.10% | 10.98% | 12.84% | 13.29% | 10.53% | 11.23% | 10.22% | 11.17% | 9.73% | 10.68% | 12.12% |
This table shows 12 quarterly periods of ExlService's income statement, from Q1 2026 back to Q2 2023, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow EXLS's reporting calendar. What is a income statement?