Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $686M | $762M | $883M | $991M | $958M | $1.12B | $1.41B | $1.63B | $1.84B | $2.09B |
| Revenue growth | — | 11.1% | 15.8% | 12.3% | -3.3% | 17.1% | 25.8% | 15.5% | 12.7% | 13.6% |
| Gross profit | $238M | $267M | $298M | $336M | $334M | $431M | $515M | $608M | $691M | $801M |
| Gross margin | 34.7% | 35.0% | 33.8% | 33.9% | 34.9% | 38.4% | 36.5% | 37.3% | 37.6% | 38.4% |
| Operating income | $64.5M | $72.7M | $49.8M | $76.5M | $110M | $156M | $192M | $239M | $264M | $314M |
| Operating margin | 9.4% | 9.5% | 5.6% | 7.7% | 11.5% | 13.9% | 13.6% | 14.6% | 14.3% | 15.0% |
| Net income | $61.7M | $48.9M | $56.7M | $67.7M | $89.5M | $115M | $143M | $185M | $198M | $251M |
| Net margin | 9.0% | 6.4% | 6.4% | 6.8% | 9.3% | 10.2% | 10.1% | 11.3% | 10.8% | 12.0% |
| EPS (diluted) | $1.79 | $1.39 | $1.62 | $1.95 | $2.59 | $0.67 | $0.85 | $1.10 | $1.21 | $1.54 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $102M | $113M | $92.4M | $168M | $203M | $184M | $166M | $211M | $269M | $351M |
| Capital expenditures | $25.9M | $35.2M | $40.8M | $40.5M | $42.2M | $37.2M | $44.8M | $52.8M | $46.3M | $52.6M |
| Free cash flow | $76.5M | $78.0M | $51.6M | $128M | $161M | $147M | $121M | $158M | $222M | $298M |
| Share buybacks | $18.2M | $43.5M | $43.1M | $41.4M | $79.9M | $118M | $72.6M | $132M | $208M | $328M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $213M | $86.8M | $95.9M | $119M | $219M | $135M | $119M | $137M | $153M | $146M |
| Total assets | $707M | $825M | $1.06B | $1.18B | $1.25B | $1.28B | $1.35B | $1.44B | $1.62B | $1.70B |
| Total liabilities | $174M | $225M | $444M | $513M | $529M | $590M | $588M | $553M | $689M | $790M |
| Long-term debt | $35.0M | $50.4M | $263M | $194M | $202M | $0.00 | $220M | $135M | $284M | $294M |
| Shareholders' equity | $532M | $600M | $618M | $670M | $719M | $693M | $758M | $889M | $930M | $913M |
| Retained earnings | $383M | $427M | $484M | $552M | $641M | $756M | $899M | $1.08B | $1.28B | $1.53B |
| Shares (wtd avg diluted) | 34.6M | 35.1M | 35.0M | 34.7M | 34.6M | 171M | 169M | 168M | 164M | 162M |
Every figure is extracted from ExlService Holdings, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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