ExlService Holdings Inc (EXLS)

Pretax 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 261,233 246,757 236,297 241,221 238,094 226,688 220,193 202,542 190,533 184,023 163,184 153,099 146,608 147,906 152,111 127,726 115,103 99,632 89,469 92,202
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
Pretax margin 14.23% 13.97% 13.89% 14.57% 14.71% 14.34% 14.35% 13.69% 13.49% 13.79% 13.05% 13.01% 13.25% 13.97% 14.89% 13.19% 12.07% 10.37% 9.21% 9.30%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $261,233K ÷ $1,836,094K
= 14.23%

ExlService Holdings Inc's pretax margin has displayed a generally positive trend over the period from March 31, 2020, to December 31, 2024. The pretax margin, which measures the company's efficiency in generating profits before considering taxes, increased from 9.30% on March 31, 2020, to 14.23% on December 31, 2024.

The pretax margin experienced some fluctuations, but overall, it showed a consistent improvement. Notable increases in pretax margin were observed from March 31, 2021, to June 30, 2021, where it jumped from 13.19% to 14.89%, and a steady rise from March 31, 2023, to March 31, 2024, reaching a peak of 14.71% on December 31, 2023.

Although there were minor dips in the pretax margin, such as the decrease from June 30, 2023, to September 30, 2023, the overall trend remained positive. The average pretax margin during this period was 13.61%, indicating that the company was able to effectively manage its operating expenses to improve profitability.

In conclusion, ExlService Holdings Inc's pretax margin exhibited a favorable upward trajectory, reflecting its ability to enhance operational efficiency and generate higher profits over the analyzed period.