ExlService Holdings Inc (EXLS)

Operating 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
Operating income (ttm)	US$ in thousands	263,620	246,644	237,469	240,831	238,755	235,484	225,365	207,635	192,162	177,225	169,552	158,301	155,881	158,086	150,054	124,090	110,022	95,073	83,089	87,079
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
Operating profit margin		14.36%	13.97%	13.96%	14.55%	14.75%	14.89%	14.69%	14.03%	13.61%	13.28%	13.56%	13.45%	14.09%	14.93%	14.69%	12.81%	11.54%	9.89%	8.55%	8.78%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $263,620K ÷ $1,836,094K
= 14.36%

ExlService Holdings Inc's operating profit margin has shown a generally positive trend over the past few years, reflecting the company's ability to efficiently convert its revenue into operating profits. From March 31, 2020, to December 31, 2024, the operating profit margin has increased from 8.78% to 14.36%.

The company experienced a gradual improvement in its operating profit margin from 2020 to 2022, with the margin reaching peak levels in September 2021 at 14.93%. However, there was a slight decline in the margin in the following quarters, before stabilizing around the 14% range by December 2024.

This trend indicates that ExlService Holdings Inc has managed to effectively control its operating expenses and enhance its operational efficiency over the years. The company's ability to sustain a double-digit operating profit margin demonstrates its strength in managing costs and maximizing profitability.