Jun 2026 (Q2 FY26) — Jul 29, 2026
ExlService Holdings, Inc. Q2 FY26 — Strong Performance and Raised Full-Year Guidance Driven by Data & AI
Read the full callExlService Holdings (EXLS) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
ExlService Holdings earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 570 | +13.8% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 16.1 | +0.5 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 67.1 | +0.8% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Price
$39.76 +0.61% · +$0.24
Performance −1.4% 1Y
1Y: $40.34 on 17 Oct 2025 → $39.76. High $43.38 (22 Dec 2025), low $25.22 (25 Jun 2026).
- Previous close
- $39.52
- 52-week range
- $25.22 – $43.38
- One year
- −2.33%
Overview
- Symbol
- EXLS
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — Apr 29, 2026
ExlService Holdings, Inc. Q1 FY26 — Strong AI-led Growth and Raised Full-Year Guidance
Read the full callDec 2025 (Q4 FY25) — Feb 25, 2026
ExlService Holdings, Inc. Q4 FY25 — Strong AI-led Growth and Strategic Wins
Read the full callEvery analysed call
ExlService Holdings earnings calls (EXLS)
Financials
What the filings say
Net profit, year on year: +1% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 448 | 472 | 481 | 501 | 514 | 530 | 543 | 570 |
| Operating profit | 61 | 69 | 71 | 78 | 81 | 76 | 78 | 92 |
| Operating margin | 13.7% | 14.7% | 14.8% | 15.7% | 15.8% | 14.4% | 14.4% | 16.1% |
| Other income | -2 | -1 | -1 | 2 | 4 | -1 | -3 | -0 |
| Interest | 5 | 6 | 5 | 4 | 4 | 5 | 4 | 4 |
| Profit before tax | 60 | 69 | 71 | 80 | 85 | 75 | 75 | 91 |
| Tax rate | 23.2% | 22.6% | 28.1% | 16.8% | 21.9% | 22.0% | 20.2% | 26.6% |
| Net profit | 46 | 53 | 51 | 67 | 66 | 58 | 60 | 67 |
| EPS ($ per share) | 0.28 | 0.33 | — | 0.41 | 0.41 | 0.36 | — | 0.43 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 484 | 552 | 641 | 756 | 899 | 1,084 | 1,282 | 1,533 |
| Total liabilities | 444 | 513 | 529 | 590 | 588 | 553 | 689 | 790 |
| Fixed assets | 74 | 79 | 92 | 86 | 82 | 100 | 100 | 112 |
| Investments | 184 | 202 | 184 | 179 | 179 | 154 | 187 | 182 |
| Total assets | 1,062 | 1,183 | 1,248 | 1,283 | 1,346 | 1,442 | 1,618 | 1,702 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 92 | 168 | 203 | 184 | 166 | 211 | 269 | 351 |
| Cash from investing | -277 | -51 | -18 | -114 | -97 | -12 | -119 | -49 |
| Cash from financing | 198 | -93 | -90 | -147 | -82 | -181 | -119 | -313 |
| Net cash flow | 10 | 23 | 98 | -82 | -18 | 20 | 26 | -5 |
| Capital expenditure | -41 | -41 | -42 | -37 | -45 | -53 | -46 | -53 |
| Free cash flow | 52 | 128 | 161 | 147 | 121 | 158 | 222 | 298 |
EXLS revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Insurance | 33% | 34% | 40% | 40% | 40% | 40% | 40% | 39% | +15.0% |
| Banking Capital Markets and Diversified Industries | — | — | 35% | 35% | 35% | 34% | 34% | 34% | +11.7% |
| Healthcare and Life Sciences | — | — | 25% | 25% | 26% | 26% | 27% | 27% | +22.0% |
| International Growth Markets | — | — | 17% | 18% | 18% | 17% | 17% | 18% | +14.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- North America 82%
- The United Kingdom and Europe 15%
- Rest Of World 3% ↓ 3 pt
As EXLS cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
113 filings between Nov 5, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$3.13M
14 sales by 3 insiders
86% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 17
- Award — granted as compensation
- 37
- Option exercise — converted options into shares
- 40
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 gifts, 2 other filings, 1 disposition to issuer.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Bhalla Vikas | — | $2.31M | Oct 1, 2026 |
| AYYAPPAN AJAY | — | $649.0K | May 20, 2026 |
| Chhibbar Vishal | — | $175.5K | Aug 11, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Bhalla Vikas President of EXL | Sale 10b5-1 plan | 11,000 | $389.2K |
| Sep 1, 2026 | Bhalla Vikas President of EXL | Sale 10b5-1 plan | 10,000 | $381.7K |
| Aug 11, 2026 | Chhibbar Vishal Executive Vice President | Sale | 5,000 | $175.5K |
| Aug 3, 2026 | Bhalla Vikas President of EXL | Sale 10b5-1 plan | 11,000 | $384.9K |
| Jul 1, 2026 | Bhalla Vikas President of EXL | Sale 10b5-1 plan | 12,000 | $317.6K |
| Jun 30, 2026 | Nicolelli Maurizio Executive Vice President & CFO | Award | 606 | $14.1K |
| Jun 30, 2026 | Kini Narasimha Executive Vice President | Award | 606 | $14.1K |
| Jun 30, 2026 | Jetley Vivek President of EXL | Award | 606 | $14.1K |
| Jun 15, 2026 | Kapoor Rohit Chairman & CEO | Other | 865,000 | $0 |
| Jun 15, 2026 | Kapoor Rohit Chairman & CEO | Other | 865,000 | $0 |
| Jun 4, 2026 | Bhalla Vikas President of EXL | Sale 10b5-1 plan | 12,000 | $362.6K |
| May 20, 2026 | AYYAPPAN AJAY EVP & Gen Counsel/Corp. Sec'y. | Sale 10b5-1 plan | 5,093 | $148.3K |
| Mar 2, 2026 | AYYAPPAN AJAY EVP & Gen Counsel/Corp. Sec'y. | Sale 10b5-1 plan | 1,679 | $51.0K |
| Feb 28, 2026 | Kapoor Rohit Chairman & CEO | Option exercise | 33,525 | $0 |
| Feb 27, 2026 | Chhibbar Vishal Executive Vice President | Tax withheld | 3,088 | $95.7K |
| Feb 27, 2026 | Kini Narasimha Executive Vice President | Option exercise | 5,587 | $0 |
| Feb 27, 2026 | Chhibbar Vishal Executive Vice President | Option exercise | 5,587 | $0 |
| Feb 27, 2026 | Jetley Vivek President of EXL | Option exercise | 9,579 | $0 |
| Feb 27, 2026 | Kini Narasimha Executive Vice President | Tax withheld | 2,853 | $88.4K |
| Feb 27, 2026 | Harrison Pamela M CHIEF HUMAN RESOURCES OFFICER | Tax withheld | 2,159 | $66.9K |
| Feb 27, 2026 | Bhalla Vikas President of EXL | Tax withheld | 3,736 | $115.8K |
| Feb 27, 2026 | Bhalla Vikas President of EXL | Option exercise | 9,579 | $0 |
| Feb 27, 2026 | AYYAPPAN AJAY EVP & Gen Counsel/Corp. Sec'y. | Tax withheld 10b5-1 plan | 2,126 | $65.9K |
| Feb 27, 2026 | AYYAPPAN AJAY EVP & Gen Counsel/Corp. Sec'y. | Option exercise 10b5-1 plan | 3,991 | $0 |
| Feb 27, 2026 | Nicolelli Maurizio Executive Vice President & CFO | Option exercise | 5,587 | $0 |
| Feb 27, 2026 | Jetley Vivek President of EXL | Tax withheld | 5,298 | $164.2K |
| Feb 27, 2026 | Harrison Pamela M CHIEF HUMAN RESOURCES OFFICER | Option exercise | 4,151 | $0 |
| Feb 27, 2026 | Nicolelli Maurizio Executive Vice President & CFO | Tax withheld | 2,199 | $68.1K |
| Feb 23, 2026 | AYYAPPAN AJAY EVP & Gen Counsel/Corp. Sec'y. | Sale 10b5-1 plan | 1,197 | $35.7K |
| Feb 20, 2026 | Jetley Vivek President of EXL | Tax withheld | 3,788 | $115.2K |
| Feb 20, 2026 | Jetley Vivek President of EXL | Option exercise | 6,849 | $0 |
| Feb 20, 2026 | Harrison Pamela M CHIEF HUMAN RESOURCES OFFICER | Tax withheld | 1,630 | $49.6K |
| Feb 20, 2026 | Harrison Pamela M CHIEF HUMAN RESOURCES OFFICER | Option exercise | 3,161 | $0 |
| Feb 20, 2026 | Nicolelli Maurizio Executive Vice President & CFO | Option exercise | 4,215 | $0 |
| Feb 20, 2026 | Bhalla Vikas President of EXL | Tax withheld | 2,672 | $81.3K |
| Feb 20, 2026 | Bhalla Vikas President of EXL | Option exercise | 6,849 | $0 |
| Feb 20, 2026 | Chhibbar Vishal Executive Vice President | Tax withheld | 2,427 | $73.8K |
| Feb 20, 2026 | Chhibbar Vishal Executive Vice President | Option exercise | 4,004 | $0 |
| Feb 20, 2026 | Kapoor Rohit Chairman & CEO | Option exercise | 24,236 | $0 |
| Feb 20, 2026 | AYYAPPAN AJAY EVP & Gen Counsel/Corp. Sec'y. | Tax withheld | 1,515 | $46.1K |
| Feb 20, 2026 | AYYAPPAN AJAY EVP & Gen Counsel/Corp. Sec'y. | Option exercise | 2,845 | $0 |
| Feb 20, 2026 | Kini Narasimha Executive Vice President | Tax withheld | 2,152 | $65.4K |
| Feb 20, 2026 | Kini Narasimha Executive Vice President | Option exercise | 4,215 | $0 |
| Feb 20, 2026 | Nicolelli Maurizio Executive Vice President & CFO | Tax withheld | 1,659 | $50.5K |
| Feb 18, 2026 | AYYAPPAN AJAY EVP & Gen Counsel/Corp. Sec'y. | Sale 10b5-1 plan | 1,226 | $37.2K |
| Feb 18, 2026 | AYYAPPAN AJAY EVP & Gen Counsel/Corp. Sec'y. | Sale 10b5-1 plan | 1,049 | $31.8K |
| Feb 17, 2026 | Nicolelli Maurizio Executive Vice President & CFO | Tax withheld | 1,618 | $48.6K |
| Feb 17, 2026 | Nicolelli Maurizio Executive Vice President & CFO | Option exercise | 4,110 | $0 |
| Feb 17, 2026 | Nicolelli Maurizio Executive Vice President & CFO | Tax withheld | 1,911 | $57.4K |
| Feb 17, 2026 | Nicolelli Maurizio Executive Vice President & CFO | Option exercise | 4,855 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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