Inside the research

ExlService Holdings, Inc.

EXLS Research profile · latest available data

Price overview

$34.75

▼ -0.41 (-1.2%)

52w hi$44.03
52w lo$25.22
Vol1.36M
As of25 Sep 2026

The Verdict

Buy

Our score +0.61

Short+0.19
Medium+0.90
Long+0.87

computed 2026-09-27

Key fundamentals

ExlService Holdings, Inc.

Technology · Information Technology Services

Market cap$5.27B
Enterprise value$5.47B
Trailing P/E21.99x
Forward P/E13.38x
EV / EBITDA14.44x
P / S (ttm)2.37x
Profit margin11.2%
Return on equity25.9%
Revenue growth+15.6%
Earnings growth+5.0%
Debt / equity56.59

Layer Breakdown

LayerRawContribution
Fundamental+0.31
Sector+0.19
Technical+0.26
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

ExlService Holdings, Inc., operates as a data and artificial intelligence (“AI”) company in the North America, the United Kingdom, Europe, and internationally. The company operates through Insurance; Healthcare and Life Sciences; Banking, Capital Markets, and Diversified Industries; and International Growth Markets. It provides digital operations and solutions and analytics-driven services, such as claims management, premium and benefit administration, agency management, account reconciliation, actuarial and risk analytics, policy research, digital marketing, underwriting support, new business acquisition, policy servicing, audit, surveys, billing and collection, commercial and residential survey, and customer service; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and Life Digital Suite platforms; and Subrosource software platform, an end-to-end subrogation platform. The company also offers health care services for care, utilization, and disease management; payment integrity; revenue optimization, customer engagement, and commercial analytics and regulatory support services; and digital operations and solutions. In addition, it provides financial planning and analysis, accounting, regulatory and statutory reporting, decision support, data management, and compliance services; consumer and commercial banking, credit card and payment services; fintech, wealth and retirement services; capital markets, utilities, retail and consumer packaged goods, communications, media and entertainment, travel and leisure, transportation and logistics, infrastructure, and other business services; property and casualty insurance, life insurance, disability insurance; and insurance brokers, reinsurers, annuity and retirement services. The company was founded in 1999 and is headquartered in New York, New York.

United States · www.exlservice.com

Risk Metrics

Beta vs SPX0.59
Corr SPX0.27
Annual vol35.5%
Annual ret+3.9%
Sharpe0.11
Max DD-51.3%

Window: 504 trading days (504 obs)

Material Events

DateEvent8-K
2026-07-28Earnings Release, Exhibitsread
2026-07-21Officer / Director Change, Other Material Event…read
2026-06-24Other Material Event, Exhibitsread
2026-06-16Shareholder Voteread
2026-05-12Officer / Director Change, Other Material Event…read
2026-04-28Earnings Release, Exhibitsread
2026-03-18Material Agreement, Officer / Director Change…read
2026-02-24Earnings Release, Exhibitsread
2025-12-15Other Material Event, Exhibitsread
2025-10-28Earnings Release, Exhibitsread
2025-10-20Officer / Director Change, Other Material Event…read
2025-07-29Material Agreement, Earnings Release…read

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders8
Top-5 share90.5%
HHI2,428 (moderate)

Top Holders

HolderValueShares
Fidelity / FMR LLC$359.07M13.89M
AQR Capital Management$171.47M6.81M
State Street Corp$125.92M4.87M
Citadel Advisors$84.72M3.28M
Capital Research / Capital World$55.28M2.14M
Millennium Management$52.75M2.04M
Renaissance Technologies$31.09M1.20M
T. Rowe Price Group$11.40K440.63K

As of 2026-06-30

SEC Filings

DateFormDoc
2026-08-134view
2026-08-064view
2026-07-288-Kview
2026-07-2810-Qview
2026-07-214view
2026-07-214view
2026-07-214view
2026-07-218-Kview
2026-07-203view
2026-07-204view
2026-07-024view
2026-06-248-Kview
2026-06-184view
2026-06-184view
2026-06-184view

The Long Run

FY 2011–2025 · 15 years

LineLatestCAGRTrend
Revenue$1.84B+25.4%
Gross profit$691.01M+12.0%
Operating income$238.75M+17.0%
Net income$198.30M+13.2%
Cash from ops$211.20M+15.8%

Indices

S&P MidCap 400

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$34.93$35.33$34.51$34.751.36M
Sep 24$35.06$35.61$34.63$35.163.06M
Sep 23$35.28$35.58$34.82$34.831.79M
Sep 22$35.95$35.98$34.80$35.022.00M
Sep 21$35.11$35.75$35.00$35.261.63M

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