• ExlService Holdings average return on tangible equity for 2023 was 53.74, a 4.97% decline from 2022.
• ExlService Holdings average return on tangible equity for 2022 was 56.55, a 51.81% decline from 2021.
• ExlService Holdings average return on tangible equity for 2021 was 37.25, a 21.3% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.