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ExlService Holdings

EXLS

ExlService Holdings, Inc. is a global data and artificial intelligence company that provides strategic data-led solutions and digital operations services.

Market cap
$4.36B-36.9%
Revenue$2.2B+13.6%
Net income$250.0M+5.8%
Free cash flow$275.0M-1.0%
EPS (diluted)$1.58+9.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$585.1M
EPS estimate$0.56

Financials

Q2 2026

Income statement

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Revenue$594.8M+15.6%
Gross profit$226.0M+16.4%
Operating income$87.3M+7.6%
Net income$64.5M-2.3%
EPS (diluted)$0.42+5.0%

Balance sheet

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Cash & equivalents$146.8M-13.9%
Total debt$490.2M+42.9%
Total equity$866.2M-18.4%
Total assets$1.7B+2.3%

Cash flow

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Operating cash flow$87.9M-19.6%
CapEx$14.5M+0.6%
Free cash flow$73.4M-22.7%

Valuation & ratios

Valuation

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Market cap$4.36B-36.9%
Enterprise value$4.71B-33.2%
P/E17.5×-11.6×
P/S-1.5×

Profitability

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Gross margin38.5%+0.5pp
Operating margin14.9%-0.3pp
Net margin11.2%-0.8pp
FCF margin12.3%-1.8pp

Returns & leverage

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Return on equity25.9%+1.2pp
Debt / equity0.6×+0.2×
Current ratio1.2×-1.9×

Segments

By segment

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Insurance$233.7M+15.0%
Banking, Capital Markets and Diversified Industries$202.8M+11.7%
Healthcare and Life Sciences$158.3M+22.0%

By geography

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North America$489.6M+15.8%
The United Kingdom and Europe$89.4M+15.2%
International Growth Markets$15.8M+12.6%

By product

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Data and AI-led$362.6M+30.1%
Digital operations$232.2M

Competitors

Profile

ExlService Holdings, Inc. is a global data and artificial intelligence company that provides strategic data-led solutions and digital operations services. The company leverages deep industry domain knowledge and advanced analytics to help enterprises reinvent their business models, modernize data architecture, and embed AI into mission-critical workflows. Its core value proposition centers on driving superior customer experiences, higher productivity, and business growth through the orchestration of human expertise and proprietary AI platforms.

Competitive position

A leading global provider of data and AI-led transformation services that differentiates itself through deep industry-specific domain expertise and a proprietary agentic AI platform.

GeographiesUnited States, United Kingdom, India, Philippines, South Africa, Europe, Latin America
Customer segmentsFortune 500, Forbes Global 2000, Enterprise, Mid-market
Business modelB2B, Professional Services, SaaS, BPaaS
SuppliersCloud infrastructure providers, Software and platform vendors, Data center operators, Specialized talent pools
CustomersInsurance carriers, Healthcare payers and providers, Commercial banks, Retail and consumer goods companies, Energy and utility firms
Listed2006
Employees54.0K
CEORohit Kapoor
FilingsSEC EDGAR

Questions, answered.

What is ExlService Holdings's market cap?
ExlService Holdings (EXLS) has a market capitalization of $4.4B and trades on NASDAQ.
What is ExlService Holdings's revenue and profitability?
ExlService Holdings generated $2.2B in trailing twelve-month revenue with net income of $250.0M, representing a net margin of 11.2%. Gross margin stands at 38.5%, with free cash flow of $275.0M. These figures are based on the Q2 2026 filing.
Who are ExlService Holdings's competitors?
ExlService Holdings's key competitors include Cognizant Technology Solutions, Genpact Limited, Accenture, and others. These companies compete in similar markets and product categories.
Who does ExlService Holdings partner with?
ExlService Holdings's notable partners include Databricks, Snowflake, Amazon Web Services, and others.
Where is ExlService Holdings headquartered?
ExlService Holdings is headquartered in United States of America and employs approximately 54,000 people. It has been publicly traded since 2006.