Exlservice Holdings, Inc. · NASDAQ:EXLS
Exlservice — Q4 2025 Earnings Presentation
15 slides from Exlservice's earnings presentation, Feb 25, 2026
Slide 1: Fourth Quarter & Full Year 2025 financial results
ExlService Holdings Inc. Fourth Quarter & Full Year 2025 financial results February 24, 2026
Slide 2: Safe harbor
Safe harbor Forward-looking statements This presentation contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factor
Slide 3: 4Q 2025 Performance
4Q 2025 Performance Total revenue Adjusted operating margin Adjusted diluted EPS $ 542.6M 18.8% $ 0.50 Growth of 12.7% YoY reported & 12.6% cc Flat YoY Growth of 15% YoY …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
Slide 4: Full Year 2025 Performance
Full Year 2025 Performance Total revenue Adjusted operating margin Adjusted diluted EPS $ 2.09 B 19.5% $ 1.95 Growth of 13.6% YoY both reported & cc Growth of 10 bps YoY Growth of 18% YoY …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
Slide 5: 4Q 2025 additional performance metrics
4Q 2025 additional performance metrics Revenue by service type Deal Data (Reported $, Revenue % & YoY cc Growth) 21 new clients added Total Operations (1) $ 296.0 M | 54.5% | 10.9% Employees Data and AI-Led Digital Operations $ 310.2M | 57.2% | 20.7% $ 232.4 M | 42.8% | 3.4% 65,351 +1,715 from Q3’25
Slide 6: Full Year 2025 additional performance metrics
Full Year 2025 additional performance metrics Revenue by service type Deal Data (Reported $, Revenue % & YoY cc Growth) 65 new clients added Total Operations (1) $ 1,156.7 M | 55.4% | 13.9% Employees Data and AI-Led Digital Operations $ 1,155.3 M| 55.3% | 18.0% $ 932.3 M | 44.7% | 8.6% 65,351 +5,851
Slide 7: Quarterly financial performance
Quarterly financial performance YoY growth Revenue* Adjusted Diluted (USD in Million) Earnings Per Share (USD $) 12.3% 12.6% 15.1% 14.6% 20.3% 10.8% 15.0% 16.3% $542.6 26.9% $529.6 $501.0 $514.5 26.1% $0.48 $0.49 $0.48 $0.50 $481.4 $0.44 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25 * Revenue Yo
Slide 8: Full year financial performance
Full year financial performance YoY growth Revenue* Adjusted Diluted (USD in Million) Earnings Per Share (USD $) 13.6% 15.6% 12.7% $2,087.7 Y 18.0% 27.3% $1,838.4 15.4% $1,630.7 19.1% $1.95 16.5% 24.6% $1,412.0 $1.65 36.8% $1.43 $1,122.3 $1.20 $0.97 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25
Slide 9: 2026 Guidance
2026 Guidance Based on current visibility, and a U.S. dollar to Indian rupee exchange rate of 90, U.K. pound sterling to U.S. dollar exchange rate of 1.34, U.S. dollar to the Philippine peso exchange rate of 59.0 and all other currencies at current exchange rates Revenue (in millions) Adjusted dilut
Slide 10: Appendix
Appendix EXL
Slide 11: Non-GAAP financial measures and reconciliations
Non-GAAP financial measures and reconciliations In addition to its reported operating results in accordance with U.S. generally accepted accounting principles (GAAP), EXL has included in this release certain financial measures that are considered non-GAAP financial measures, including the following:
Slide 12: Non-GAAP financial measures and reconciliations (continued)
Non-GAAP financial measures and reconciliations (continued) EXL provides information about revenues on a constant currency basis so that the revenues may be viewed without the impact of foreign currency exchange rate fluctuations compared to prior fiscal periods, thereby facilitating period-to-perio
Slide 13: Non-GAAP reconciliation footnotes
(a) To exclude effects of employee severance costs and outplacement support costs of $4,762 and litigation settlement costs and associated legal fees of $1,412 during the year ended December 31, 2024. ©2025 ExlService Holdings, Inc. All rights reserved. 13
Slide 14: Non-GAAP reconciliation footnotes (continued)
(a) To exclude effects of employee severance costs and outplacement support costs of $4,762 and litigation settlement costs and associated legal fees of $1,412 during the year ended December 31, 2024. (b) To exclude tax expenses related to certain deferred tax assets and liabilities. (c) Tax impact
Slide 15: Investor Relations
Investor Relations exlservice.com Andrew Thut Global headquarters Senior Vice President, Investor Relations 320 Park Ave, 29th floor +1 617 413 0069 New York, NY 10022 ir@exlservice.com T: +1(212) 277-7100 F: +1(212) 277-7111 United States | United Kingdom | Australia Bulgaria | Colombia | Czech Rep