ExlService Holdings Inc (EXLS)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	691,013	659,457	636,159	621,675	607,766	593,212	569,132	542,931	515,449	489,976	471,669	450,457	431,359	417,700	394,049	353,758	334,498	324,947	319,866	336,857
Revenue (ttm)	US$ in thousands	1,836,094	1,765,979	1,701,554	1,655,232	1,619,020	1,581,075	1,534,327	1,479,524	1,412,249	1,334,679	1,250,293	1,176,913	1,106,200	1,059,066	1,021,331	968,383	953,303	961,222	971,337	991,235
Gross profit margin		37.63%	37.34%	37.39%	37.56%	37.54%	37.52%	37.09%	36.70%	36.50%	36.71%	37.72%	38.27%	38.99%	39.44%	38.58%	36.53%	35.09%	33.81%	32.93%	33.98%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $691,013K ÷ $1,836,094K
= 37.63%

ExlService Holdings Inc's gross profit margin has shown a generally positive trend over the past few years, indicating effective cost management and pricing strategies. The margin increased from 33.98% in March 2020 to 37.63% in December 2024, with occasional fluctuations in between. This improvement reflects the company's ability to generate more revenue after accounting for the cost of goods sold.

However, it's important to note that there were periods of slight decreases in the gross profit margin, such as the dip in June 2022, suggesting potential challenges in controlling production costs or facing pricing pressures.

Overall, ExlService Holdings Inc's gross profit margin demonstrates a positive trajectory, which bodes well for its profitability and operational efficiency. It's essential for the company to continue monitoring and managing its cost structure to sustain or enhance its gross profit margin in the future.