ExlService (EXLS)
Combines data, AI, and digital operations for enterprise workflows.
Something off on this page? Send us feedback.
Sells data-and-AI-led services and digital operations to enterprises across complex industries. Four reportable segments organize work spanning insurance, healthcare and life sciences, banking and capital markets, and international growth markets.
Data-and-AI-led services and digital operations support enterprises in insurance, healthcare and life sciences, banking and capital markets, and international growth markets. The work combines data, AI, engineering, and industry knowledge to embed data and AI in client workflows.
The four reportable segments are Insurance; Healthcare and Life Sciences; Banking, Capital Markets and Diversified Industries; and International Growth Markets. Operations span six continents, while acquisitions of SCIO Health Analytics and ITI Data added healthcare analytics, data management, and governance capabilities. The model depends on specialized industry knowledge and data-and-AI work alongside digital operations.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 30, 2026 | Barrington | Target | Target: $40 | Target: $43 |
| Jul 30, 2026 | Robert W. Baird | Target | Target: $35 | Target: $45 |
| Jul 30, 2026 | Baird | Upgrade | ||
| Apr 30, 2026 | Barrington | Target | Target: — | Target: $40 |
| Apr 30, 2026 | Barrington Research | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $283.8M · Total debt $488.0M · Total assets $1.75B · Shareholders' equity $866.2M
- Revenue
- $594.8M
- Operating income
- $87.3M
- Net income
- $64.5M
No dividends on record.
| Institutions | ≥ 95.97% | 145.51M shares | |
|---|---|---|---|
| 450 holders · as of Jun 30, 2026 · largest filers only | |||
| Insiders | 1.64% | 2.49M shares | |
| 9 holders · as of Sep 3, 2026 | |||
| Other | ≤ 2.39% | 3.61M shares | |
| remainder | |||
151.61M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the 98 largest filers, so at least this.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.46% | 18.89M | as of Jun 30, 2026 |
FMR LLCInstitution | 9.16% | 13.89M | as of Jun 30, 2026 |
AQR Capital Management LLCInstitution | 4.49% | 6.81M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.38% | 6.65M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.28% | 6.48M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Vikas Bhalla | officer: President of EXL | −10,000 | $38.17 |
| Aug 11, 2026 | Vishal Chhibbar | officer: Executive Vice President | −5,000 | $35.10 |
| Aug 3, 2026 | Vikas Bhalla | officer: President of EXL | −11,000 | $34.99 |
| Jul 1, 2026 | Vikas Bhalla | officer: President of EXL | −12,000 | $26.47 |
| Jun 4, 2026 | Vikas Bhalla | officer: President of EXL | −12,000 | $30.22 |
- Genpact
Broad overlap in data, AI and digital operations
- Cognizant Technology Solutions
AI, engineering and process-services overlap across core verticals
- Infosys (ADR)
Enterprise AI, cloud, data and operations-services overlap
- Accenture
AI advisory and managed services in shared enterprise verticals
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ExlService | $35.14 | +0.35% | $5.31B | 22.0 | 14.7 | 2.4 | +15.6% |
| Genpact | $33.85 | −0.12% | $5.74B | 10.1 | 7.9 | 1.1 | +7.1% |
| Cognizant Technology Solutions | $58.88 | +0.34% | $26.43B | 12.6 | 9.7 | 1.2 | +4.5% |
| Infosys (ADR) | $10.80 | +0.33% | $43.66B | 13.3 | 13.2 | 2.2 | +1.0% |
| Accenture | $183.67 | −0.03% | $112.43B | 14.7 | 12.8 | 1.5 | +5.6% |
| Median | 13.0 | 11.3 | 1.4 | +5.0% |