(EXLS) ExlService Holdings - Overview

Sector: Technology | Industry: Information Technology Services | Exchange: NASDAQ (USA) | Market Cap: 4.499m USD | Total Return: -36.9% in 12m

Data Analytics, Artificial Intelligence, Digital Operations, Business Consulting
Total Rating 65
Safety 85
Buy Signal -0.23
Information Technology Services
Industry Rotation: +10.1
Market Cap: 4.50B
Avg Turnover: 72.8M
Risk 3d forecast
Volatility29.1%
VaR 5th Pctl4.55%
VaR vs Median-6.51%
Reward TTM
Sharpe Ratio-1.26
Rel. Str. IBD7.4
Rel. Str. Peer Group34.1
Character TTM
Beta0.533
Beta Downside0.657
Hurst Exponent0.515
Drawdowns 3y
Max DD47.97%
CAGR/Max DD-0.02
CAGR/Mean DD-0.08
EPS (Earnings per Share) EPS (Earnings per Share) of EXLS over the last years for every Quarter: "2021-06": 0.23, "2021-09": 0.26, "2021-12": 1.21, "2022-03": 0.28, "2022-06": 0.3, "2022-09": 0.31, "2022-12": 1.56, "2023-03": 0.35, "2023-06": 0.36, "2023-09": 0.37, "2023-12": 0.35, "2024-03": 0.38, "2024-06": 0.4, "2024-09": 0.44, "2024-12": 0.44, "2025-03": 0.48, "2025-06": 0.49, "2025-09": 0.48, "2025-12": 0.5, "2026-03": 0.58,
EPS CAGR: -2.19%
EPS Trend: -9.8%
Last SUE: 3.28
Qual. Beats: 7
Revenue Revenue of EXLS over the last years for every Quarter: 2021-06: 275.064, 2021-09: 290.325, 2021-12: 295.489, 2022-03: 329.208, 2022-06: 346.782, 2022-09: 361.351, 2022-12: 374.703, 2023-03: 400.643, 2023-06: 404.996, 2023-09: 410.971, 2023-12: 414.058, 2024-03: 436.507, 2024-06: 448.366, 2024-09: 472.073, 2024-12: 481.426, 2025-03: 501.019, 2025-06: 514.46, 2025-09: 529.585, 2025-12: 542.615, 2026-03: 570.351,
Rev. CAGR: 13.18%
Rev. Trend: 99.8%
Last SUE: 4.00
Qual. Beats: 5

Warnings

Below Avwap Earnings

Tailwinds

Pead, Confidence, Garp

Description: EXLS ExlService Holdings

ExlService Holdings, Inc. (EXLS) is a data and artificial intelligence company that provides digital operations, analytics, and software solutions. Headquartered in New York, the firm serves global clients across four primary segments: Insurance, Healthcare and Life Sciences, Banking and Capital Markets, and International Growth Markets. Its service portfolio includes actuarial analytics, claims management, financial planning, and specialized platforms such as LifePRO for customer acquisition.

The company operates within the Data Processing & Outsourced Services sub-industry, a sector that has increasingly shifted from labor-intensive business process outsourcing to high-margin, AI-driven digital transformation. EXLS utilizes a mix of proprietary software-as-a-service (SaaS) models and domain-specific consulting to integrate data management with regulatory compliance and customer engagement.

Investors may find it useful to examine the companys valuation metrics on ValueRay to better understand its market positioning. Founded in 1999, the company maintains a diverse geographic footprint across North America, Europe, and the United Kingdom, supporting industries ranging from utilities and logistics to media and retail.

Headlines to Watch Out For
  • Generative AI adoption accelerates demand for data-led digital transformation services
  • Insurance sector outsourcing growth stabilizes long-term recurring revenue streams
  • Talent acquisition costs and wage inflation impact global delivery center margins
  • Expansion into healthcare analytics diversifies revenue beyond traditional financial services
  • Enterprise spending on data engineering projects fluctuates with macroeconomic conditions
Piotroski VR-10 (Strict) 9.5
Net Income: 251.5m TTM > 0 and > 6% of Revenue
FCF/TA: 0.18 > 0.02 and ΔFCF/TA 3.04 > 1.0
NWC/Revenue: 23.08% < 20% (prev 30.62%; Δ -7.54% < -1%)
CFO/TA 0.21 > 3% & CFO 349.2m > Net Income 251.5m
Net Debt (281.7m) to EBITDA (435.2m): 0.65 < 3
Current Ratio: 2.66 > 1.5 & < 3
Outstanding Shares: last quarter (156.9m) vs 12m ago -4.65% < -2%
Gross Margin: 38.47% > 18% (prev 37.90%; Δ 0.57% > 0.5%)
Asset Turnover: 128.7% > 50% (prev 113.5%; Δ 15.16% > 0%)
Interest Coverage Ratio: 11.80 > 6 (EBIT TTM 352.7m / Interest Expense TTM 29.9m)
Altman Z'' 7.38
A: 0.30 (Total Current Assets 797.4m - Total Current Liabilities 299.5m) / Total Assets 1.68b
B: 0.95 (Retained Earnings 1.60b / Total Assets 1.68b)
C: 0.21 (EBIT TTM 352.7m / Avg Total Assets 1.68b)
D: 0.87 (Book Value of Equity 778.8m / Total Liabilities 897.6m)
Altman-Z'' = 7.38 = AAA
Beneish M -3.07
DSRI: 0.85 (Receivables 388.6m/401.3m, Revenue 2.16b/1.90b)
GMI: 0.99 (GM 37.90% / 38.47%)
AQI: 1.01 (AQ_t 0.40 / AQ_t-1 0.40)
SGI: 1.13 (Revenue 2.16b / 1.90b)
TATA: -0.06 (NI 251.5m - CFO 349.2m) / TA 1.68b)
Beneish M = -3.07 (Cap -4..+1) = AA
What is the price of EXLS shares?

As of June 07, 2026, the stock is trading at USD 29.67 with a total of 2,304,266 shares traded.
Over the past week, the price has changed by +2.20%, over one month by -5.09%, over three months by -8.85% and over the past year by -36.93%.

Is EXLS a buy, sell or hold?

ExlService Holdings has received a consensus analysts rating of 4.44. Therefore, it is recommended to buy EXLS.

  • StrongBuy: 5
  • Buy: 3
  • Hold: 1
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the EXLS price?
Analysts Target Price 41.8 40.7%
ExlService Holdings (EXLS) - Fundamental Data Overview as of 05 June 2026
Market Cap USD = 4.50b (4.50b USD * 1.0 USD.USD)
P/E Trailing = 18.758
P/E Forward = 13.7174
P/S = 2.086
P/B = 6.0001
P/EG = 0.9797
Revenue TTM = 2.16b USD
EBIT TTM = 352.7m USD
EBITDA TTM = 435.2m USD
Long Term Debt = 412.5m USD (from longTermDebt, last quarter)
Short Term Debt = 21.8m USD (from shortTermDebt, last quarter)
Debt = 535.5m USD (corrected: LT Debt 412.5m + ST Debt 21.8m) + Leases 101.2m
Net Debt = 281.7m USD (calculated: Debt 535.5m - CCE 253.8m)
Enterprise Value = 4.78b USD (4.50b + Debt 535.5m - CCE 253.8m)
Interest Coverage Ratio = 11.80 (Ebit TTM 352.7m / Interest Expense TTM 29.9m)
EV/FCF = 16.12x (Enterprise Value 4.78b / FCF TTM 296.6m)
FCF Yield = 6.20% (FCF TTM 296.6m / Enterprise Value 4.78b)
FCF Margin = 13.75% (FCF TTM 296.6m / Revenue TTM 2.16b)
Net Margin = 11.66% (Net Income TTM 251.5m / Revenue TTM 2.16b)
Gross Margin = 38.47% ((Revenue TTM 2.16b - Cost of Revenue TTM 1.33b) / Revenue TTM)
Gross Margin QoQ = 38.94% (prev 38.63%)
Tobins Q-Ratio = 2.85 (Enterprise Value 4.78b / Total Assets 1.68b)
Interest Expense / Debt = 5.58% (Interest Expense 29.9m / Debt 535.5m)
Taxrate = 22.86% (74.5m / 326.2m)
NOPAT = 272.1m (EBIT 352.7m * (1 - 22.86%))
Current Ratio = 2.66 (Total Current Assets 797.4m / Total Current Liabilities 299.5m)
Debt / Equity = 0.69 (Debt 535.5m / totalStockholderEquity, last quarter 778.8m)
Debt / EBITDA = 0.65 (Net Debt 281.7m / EBITDA 435.2m)
Debt / FCF = 0.95 (Net Debt 281.7m / FCF TTM 296.6m)
Total Stockholder Equity = 926.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 15.00% (Net Income 251.5m / Total Assets 1.68b)
RoE = 27.16% (Net Income TTM 251.5m / Total Stockholder Equity 926.2m)
RoCE = 26.34% (EBIT 352.7m / Capital Employed (Equity 926.2m + L.T.Debt 412.5m))
RoIC = 21.08% (NOPAT 272.1m / Invested Capital 1.29b)
WACC = 7.48% (E(4.50b)/V(5.03b) * Re(7.86%) + D(535.5m)/V(5.03b) * Rd(5.58%) * (1-Tc(0.23)))
Discount Rate = 7.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -64.44 | Cagr: -2.70%
[DCF] Terminal Value 77.97% ; FCFF base≈276.2m ; Y1≈316.7m ; Y5≈466.0m
[DCF] Fair Price = 44.06 (EV 7.01b - Net Debt 281.7m = Equity 6.73b / Shares 152.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -9.81 | EPS CAGR: -2.19% | SUE: 3.28 | # QB: 7
Revenue Correlation: 99.83 | Revenue CAGR: 13.18% | SUE: 4.0 | # QB: 5
EPS current Quarter (2026-06-30): EPS=0.55 | Chg30d=+2.66% | Revisions=+33% | Analysts=8
EPS next Quarter (2026-09-30): EPS=0.56 | Chg30d=-0.41% | Revisions=-25% | Analysts=8
EPS current Year (2026-12-31): EPS=2.23 | Chg30d=+2.53% | Revisions=+67% | GrowthEPS=+14.6% | GrowthRev=+11.3%
EPS next Year (2027-12-31): EPS=2.51 | Chg30d=+2.61% | Revisions=+67% | GrowthEPS=+12.3% | GrowthRev=+10.6%
[Analyst] Revisions Ratio: +67%