EXLS · ExlService Holdings, Inc.
10 customers — 34% of revenue (2025)
“Our top three, five and ten clients generated 17.8%, 23.9% and 34.0% of our revenues, respectively, in 2025.”
5 customers — 23.9% of revenue (2025)
“Our top three, five and ten clients generated 17.8%, 23.9% and 34.0% of our revenues, respectively, in 2025.”
3 customers — 17.8% of revenue (2025)
“Our top three, five and ten clients generated 17.8%, 23.9% and 34.0% of our revenues, respectively, in 2025.”
Price & Indicators
Up next
Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Jul 29, 2026TL;DR. EXL reported Q2 2026 revenue of $594.8M, up 15.6% YoY, with adjusted diluted EPS of $0.59, up 22.3% YoY, and raised full-year 2026 revenue guidance to $2.390B–$2.415B and adjusted EPS guidance to $2.25–$2.29, partly reflecting the pending iMerit acquisition. Management also flagged higher second-half investments that will pressure adjusted operating margin, with SG&A as a percent of revenue up 170 bps YoY to 20.9%.
- + Raised full-year 2026 revenue guidance to $2.390B–$2.415B (14%–16% growth) and adjusted diluted EPS guidance to $2.25–$2.29 (16%–18% growth).
- + Q2 revenue grew 15.6% YoY to $594.8M and adjusted diluted EPS grew 22.3% YoY to $0.59.
- + Data and AI-led revenue accelerated to 30% YoY growth and now represents 61% of revenue.
- + Strong segment growth led by Healthcare and Life Sciences up 22% YoY and International Growth Markets up 16.3% YoY.
- + Announced acquisition of iMerit, expanding capabilities in AI model training/evaluation and adding foundation-model clients.
- + Returned $179M to shareholders via buybacks in 1H26, including 4.15M shares under an ASR.
- − SG&A as a percent of revenue increased 170 bps YoY to 20.9%, driven by higher front-end sales and support investments.
- − Management guided adjusted operating margin will be lower in 2H26 vs. 1H26 due to stepped-up investments.
- − Reported digital operations revenue declined ~1.5% YoY as work migrates into the Data and AI-led category.
- − iMerit acquisition carries a marginal ~$0.01 dilutive impact to full-year adjusted EPS guidance.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Information Technology Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
EXLS
this stock
ExlService Holdings, Inc.
|
$5.31B | -15.8% | +13.6% | 22.1 | 6.4% |
|
IBM
International Business Machines Corp
|
$212.46B | -24.8% | +7.6% | 20.0 | 2.4% |
|
ACN
Accenture plc
|
$116.59B | -25.9% | +7.4% | 14.0 | 3.7% |
|
INFY
Infosys Ltd
|
$42.53B | -38.0% | — | — | 3.1% |
|
CTSH
Cognizant Technology Solutions Corp
|
$27.26B | -29.5% | +7.0% | 12.5 | 7.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| EXLS | +2.9% | -4.2% | +18.9% | +4.0% | -15.8% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +3.1% | -3.8% | +6.7% | +3.1% | -28.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.