Revenue: As of FY2025, the actual value is USD 2.088 B, beating the estimate of USD 2.078 B.EPS: As of FY2025, the actual value is USD 1.54, beating the estimate of USD 1.517.<h4>Fourth Quarter 2025 Financial Highlights</h4>伊克赛尔服务控股 (ExlService Holdings, Inc.) reported total revenue of $542.6 million for Q4 2025, an increase of 12.7% on a reported basis and 12.6% on a constant currency basis year-over-year from $481.4 million in Q4 2024, and up 2.5% sequentially from Q3 2025 .<h5>Segment Revenue (Q4 2025)</h5><ul><li>Insurance: $185.8 million, compared to $173.3 million in Q4 2024 and $180.5 million in Q3 2025 .</li><li>Healthcare and Life Sciences: $142.2 million, compared to $112.7 million in Q4 2024 and $135.3 million in Q3 2025 .</li><li>Banking, Capital Markets and Diversified Industries: $122.6 million, compared to $110.6 million in Q4 2024 and $121.0 million in Q3 2025 .</li><li>International Growth Markets: $92.0 million, compared to $84.8 million in Q4 2024 and $92.8 million in Q3 2025 .</li></ul><h5>Gross Margin (Q4 2025)</h5><ul><li>Total Gross Margin: 38.6%, compared to 38.1% in Q4 2024 and 38.5% in Q3 2025 .</li><li>Insurance: 36.5%, compared to 37.1% in Q4 2024 and 36.6% in Q3 2025 .</li><li>Healthcare and Life Sciences: 44.0%, compared to 43.0% in Q4 2024 and 43.0% in Q3 2025 .</li><li>Banking, Capital Markets and Diversified Industries: 38.8%, compared to 37.2% in Q4 2024 and 38.3% in Q3 2025 .</li><li>International Growth Markets: 34.3%, compared to 34.8% in Q4 2024 and 35.8% in Q3 2025 .</li></ul><h5>Operating Income and Margin (Q4 2025)</h5><ul><li>GAAP Operating Income: $78,023 thousand, compared to $71,242 thousand in Q4 2024 and $76,174 thousand in Q3 2025 .</li><li>GAAP Operating Income Margin: 14.4%, compared to 14.8% in Q4 2024 and 14.4% in Q3 2025 .</li><li>Adjusted Operating Income (Non-GAAP): $102,081 thousand, compared to $90,745 thousand in Q4 2024 and $102,623 thousand in Q3 2025 .</li><li>Adjusted Operating Income Margin (Non-GAAP): 18.8%, consistent with Q4 2024, and compared to 19.4% in Q3 2025 .</li></ul><h5>Net Income (Q4 2025)</h5><ul><li>GAAP Net Income: $60,246 thousand, compared to $50,672 thousand in Q4 2024 and $58,161 thousand in Q3 2025 .</li><li>Adjusted Net Income (Non-GAAP): $80,084 thousand, compared to $71,345 thousand in Q4 2024 and $78,010 thousand in Q3 2025 .</li></ul><h5>Adjusted EBITDA (Non-GAAP) (Q4 2025)</h5><ul><li>Adjusted EBITDA: $115,118 thousand, compared to $102,885 thousand in Q4 2024 and $114,441 thousand in Q3 2025 .</li><li>Adjusted EBITDA Margin: 21.2%, compared to 21.4% in Q4 2024 and 21.6% in Q3 2025 .</li></ul><h4>Full Year 2025 Financial Highlights</h4>伊克赛尔服务控股 (ExlService Holdings, Inc.) reported total revenue of $2.09 billion for the full year 2025, an increase of 13.6% on both a reported and constant currency basis from $1.84 billion in 2024 .<h5>Segment Revenue (Full Year 2025)</h5><ul><li>Insurance: $710.6 million, compared to $656.4 million in 2024 .</li><li>Healthcare and Life Sciences: $532.5 million, compared to $430.7 million in 2024 .</li><li>Banking, Capital Markets and Diversified Industries: $482.4 million, compared to $426.7 million in 2024 .</li><li>International Growth Markets: $362.2 million, compared to $324.6 million in 2024 .</li></ul><h5>Gross Margin (Full Year 2025)</h5><ul><li>Total Gross Margin: 38.4%, compared to 37.6% in 2024 .</li><li>Insurance: 36.1%, compared to 35.3% in 2024 .</li><li>Healthcare and Life Sciences: 43.6%, consistent with 2024 .</li><li>Banking, Capital Markets and Diversified Industries: 38.1%, compared to 37.1% in 2024 .</li><li>International Growth Markets: 35.5%, compared to 35.1% in 2024 .</li></ul><h5>Operating Income and Margin (Full Year 2025)</h5><ul><li>GAAP Income from Operations: $313,750 thousand, compared to $263,620 thousand in 2024 .</li><li>GAAP Operating Income Margin: 15.0%, compared to 14.3% in 2024 .</li><li>Adjusted Operating Income (Non-GAAP): $406,359 thousand, compared to $356,082 thousand in 2024 .</li><li>Adjusted Operating Income Margin (Non-GAAP): 19.5%, compared to 19.4% in 2024 .</li></ul><h5>Net Income (Full Year 2025)</h5><ul><li>GAAP Net Income: $251,019 thousand, compared to $198,297 thousand in 2024 .</li><li>Adjusted Net Income (Non-GAAP): $316,940 thousand, compared to $271,699 thousand in 2024 .</li></ul><h5>Adjusted EBITDA (Non-GAAP) (Full Year 2025)</h5><ul><li>Adjusted EBITDA: $452,303 thousand, compared to $397,671 thousand in 2024 .</li><li>Adjusted EBITDA Margin: 21.7%, compared to 21.6% in 2024 .</li></ul><h4>Balance Sheet Highlights (as of December 31, 2025)</h4><ul><li>Cash and Cash Equivalents: $146,326 thousand, compared to $153,355 thousand in 2024 .</li><li>Total Assets: $1,702,235 thousand, compared to $1,618,403 thousand in 2024 .</li><li>Total Liabilities: $789,530 thousand, compared to $688,541 thousand in 2024 .</li><li>Total Stockholders’ Equity: $912,705 thousand, compared to $929,862 thousand in 2024 .</li></ul><h4>Business Highlights: Fourth Quarter 2025</h4>伊克赛尔服务控股 (ExlService Holdings, Inc.) won 21 new clients in Q4 2025, contributing to a total of 65 new clients for the full year 2025 . The company launched EXLdata.ai, a new suite of AI-native data solutions, and announced a collaboration with the Insurance Council of Australia and Shift to develop an insurance fraud detection platform . 伊克赛尔服务控股 (ExlService Holdings, Inc.) was also recognized as a Leader in multiple ISG Provider Lens reports .<h4>2026 Guidance</h4>伊克赛尔服务控股 (ExlService Holdings, Inc.) expects full-year 2026 revenue to be between $2.275 billion and $2.315 billion, indicating a 9% to 11% increase from 2025 on both a reported and constant currency basis . Adjusted diluted EPS is projected to be between $2.14 and $2.19, representing a 10% to 12% increase over 2025 . The Board of Directors authorized a $500 million common stock repurchase program, effective February 28, 2026, for a two-year period .

EXLService | 8-K: FY2025 Revenue Beats Estimate at USD 2.088 B