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ExlService Holdings EXLS Q1 2026 earnings

Reported April 28, 2026 · After market close

Revenue$570.4MBeat by $12.7M
EPS$0.58Beat by $0.05
Revenue estimate$557.7M
EPS estimate$0.53

Next report

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

Financials

Q1 2026

Income statement

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Revenue$570.4M+13.8%
Gross profit$222.1M+14.9%
Operating income$91.8M+17.1%
Net income$67.1M+0.8%
EPS (diluted)$0.43+7.5%

Balance sheet

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Cash & equivalents$164.8M+4.0%
Total debt$520.7M+34.2%
Total equity$778.8M-23.0%
Total assets$1.7B0.0%

Cash flow

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Operating cash flow$1.7M-47.0%
CapEx$12.9M-0.1%
Free cash flow-$11.2M-15.6%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$4.76B-37.9%
Enterprise value$5.12B-35.2%
P/E18.9×-16.5×
P/S2.2×-1.8×

Profitability

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Gross margin38.5%+0.6pp
Operating margin15.2%+0.4pp
Net margin11.7%+0.3pp
FCF margin13.8%+0.8pp

Returns & leverage

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Return on equity28.1%+4.3pp
Debt / equity0.7×+0.3×
Current ratio2.7×-0.7×

Segments

By segment

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Insurance$226.1M+12.8%
Banking, Capital Markets and Diversified Industries$192.2M+9.9%
Healthcare and Life Sciences$152.1M+20.9%

By geography

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North America$473.1M+13.9%
The United Kingdom and Europe$82.5M+9.0%
International Growth Markets$14.7M+47.3%

By product

See full
Data and AI-led$341.6M+27.5%
Digital operations$228.7M-1.9%

Versus estimates

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Questions, answered.

When did ExlService Holdings report Q1 2026 earnings?
ExlService Holdings (EXLS) reported Q1 2026 earnings on April 28, 2026 after market close.
What were ExlService Holdings's Q1 2026 revenue and EPS?
ExlService Holdings reported revenue of $570.4M and eps of $0.58 for Q1 2026.
Did ExlService Holdings beat estimates in Q1 2026?
Revenue beat the consensus estimate of $557.7M by $12.7M. EPS beat the consensus estimate of $0.53 by $0.05.
How did ExlService Holdings's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 13.8% from $501.0M a year earlier and eps grew 20.8% from $0.48.
Where can I find ExlService Holdings's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001297989-26-000014) and the 10-Q periodic report (0001297989-26-000016) directly on SEC EDGAR. The filing index links above go to sec.gov.