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EXL Service Valuation Multiples
Discover revenue and EBITDA valuation multiples for EXL Service and similar public comparables like Mphasis, TIS, China National Software, FPT Corp. and more.
EXL Service Overview
About EXL Service
ExlService Holdings Inc. is a data analytics and digital operations company that provides data and AI-led solutions and technology-enabled services to clients across industries. The company has four reportable segments. The Insurance segment provides services such as claims management, underwriting support, and analytics solutions. The Healthcare and Life Sciences segment offers data-driven solutions and services to healthcare payers, providers, and life sciences organizations. The Banking, Capital Markets and Diversified Industries segment delivers solutions across financial services and other industries. The International Growth Markets segment focuses on providing data, AI, and digital operations services to clients outside North America.
Founded
2002
HQ
Employees
65.0K
Website
Sectors
Financials (LTM)
EV
$5B
EXL Service Financials
EXL Service reported last 12-month revenue of $2B and EBITDA of $466M.
In the same LTM period, EXL Service generated $827M in gross profit, $466M in EBITDA, and $257M in net income.
Revenue (LTM)
EXL Service P&L
In the most recent fiscal year, EXL Service reported revenue of $2B and EBITDA of $452M.
EXL Service expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $827M | XXX | $801M | XXX | XXX | XXX |
| Gross Margin | 38% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $466M | XXX | $452M | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $257M | XXX | $251M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | — | — | $152M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
EXL Service Stock Performance
EXL Service has current market cap of $5B, and enterprise value of $5B.
Market Cap Evolution
EXL Service's stock price is $31.86.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $5B | 0.0% | XXX | XXX | XXX | $1.61 |
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Start Free TrialEXL Service Valuation Multiples
EXL Service trades at 2.3x EV/Revenue multiple, and 10.9x EV/EBITDA.
EV / Revenue (LTM)
EXL Service Financial Valuation Multiples
As of April 19, 2026, EXL Service has market cap of $5B and EV of $5B.
Equity research analysts estimate EXL Service's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
EXL Service has a P/E ratio of 19.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | 10.9x | XXX | 11.2x | XXX | XXX | XXX |
| EV/EBIT | 15.5x | XXX | 16.1x | XXX | XXX | XXX |
| EV/Gross Profit | 6.1x | XXX | 6.3x | XXX | XXX | XXX |
| P/E | 19.4x | XXX | 19.8x | XXX | XXX | XXX |
| EV/FCF | 17.0x | XXX | 17.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified EXL Service Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
EXL Service Margins & Growth Rates
EXL Service's revenue in the last 12 month grew by 10%.
EXL Service's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.
EXL Service's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
EXL Service's rule of X is 48% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
EXL Service Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 32% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 48% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 8% | XXX | 8% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12% | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 23% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
EXL Service Public Comps
See public comps and valuation multiples for other IT Consulting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| EXL Service | XXX | XXX | XXX | XXX | XXX | XXX |
| Mphasis | XXX | XXX | XXX | XXX | XXX | XXX |
| TIS | XXX | XXX | XXX | XXX | XXX | XXX |
| China National Software | XXX | XXX | XXX | XXX | XXX | XXX |
| FPT Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| Coforge | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
EXL Service M&A Activity
EXL Service acquired XXX companies to date.
Last acquisition by EXL Service was on XXXXXXXX, XXXXX. EXL Service acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by EXL Service
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialEXL Service Investment Activity
EXL Service invested in XXX companies to date.
EXL Service made its latest investment on XXXXXXXX, XXXXX. EXL Service invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by EXL Service
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout EXL Service
| When was EXL Service founded? | EXL Service was founded in 2002. |
| Where is EXL Service headquartered? | EXL Service is headquartered in United States. |
| How many employees does EXL Service have? | As of today, EXL Service has over 65K employees. |
| Who is the CEO of EXL Service? | EXL Service's CEO is Rohit Kapoor. |
| Is EXL Service publicly listed? | Yes, EXL Service is a public company listed on Nasdaq. |
| What is the stock symbol of EXL Service? | EXL Service trades under EXLS ticker. |
| When did EXL Service go public? | EXL Service went public in 2006. |
| Who are competitors of EXL Service? | EXL Service main competitors are Mphasis, TIS, China National Software, FPT Corp.. |
| What is the current market cap of EXL Service? | EXL Service's current market cap is $5B. |
| What is the current revenue of EXL Service? | EXL Service's last 12 months revenue is $2B. |
| What is the current revenue growth of EXL Service? | EXL Service revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of EXL Service? | Current revenue multiple of EXL Service is 2.3x. |
| Is EXL Service profitable? | Yes, EXL Service is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of EXL Service? | EXL Service's last 12 months EBITDA is $466M. |
| What is EXL Service's EBITDA margin? | EXL Service's last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of EXL Service? | Current EBITDA multiple of EXL Service is 10.9x. |
| What is the current FCF of EXL Service? | EXL Service's last 12 months FCF is $298M. |
| What is EXL Service's FCF margin? | EXL Service's last 12 months FCF margin is 14%. |
| What is the current EV/FCF multiple of EXL Service? | Current FCF multiple of EXL Service is 17.0x. |
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