ExlService (NASDAQ:EXLS) Releases FY 2026 Earnings Guidance

ExlService (NASDAQ:EXLS) updated its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.250-2.290 for the period, compared to the consensus estimate of 2.150. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.3 billion.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EXLS shares. Needham & Company LLC upped their price target on ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird set a $45.00 price target on ExlService and gave the stock an “outperform” rating in a report on Thursday. TD Cowen restated a “buy” rating and set a $39.00 price objective (down from $45.00) on shares of ExlService in a report on Thursday, July 9th. Barrington Research set a $43.00 target price on shares of ExlService in a research note on Thursday. Finally, Weiss Ratings downgraded shares of ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

ExlService Trading Down 5.5%

ExlService stock traded down $1.97 during trading on Thursday, reaching $34.02. 1,432,905 shares of the company were exchanged, compared to its average volume of 2,372,516. The company has a market capitalization of $5.20 billion, a P/E ratio of 21.36, a PEG ratio of 1.29 and a beta of 0.84. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The stock’s 50 day simple moving average is $28.13 and its two-hundred day simple moving average is $31.02. ExlService has a 52-week low of $24.85 and a 52-week high of $45.08.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, April 28th. The business services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. ExlService had a net margin of 11.17% and a return on equity of 30.48%. The business had revenue of $570.35 million for the quarter, compared to the consensus estimate of $557.67 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, equities research analysts expect that ExlService will post 1.8 earnings per share for the current fiscal year.

Insider Activity

In other ExlService news, EVP Ajay Ayyappan sold 5,093 shares of ExlService stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total transaction of $148,257.23. Following the sale, the executive vice president owned 48,994 shares of the company’s stock, valued at $1,426,215.34. The trade was a 9.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikas Bhalla sold 12,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.22, for a total value of $362,640.00. Following the transaction, the insider owned 153,295 shares of the company’s stock, valued at $4,632,574.90. This trade represents a 7.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.66% of the company’s stock.

More ExlService News

Here are the key news stories impacting ExlService this week:

• Positive Sentiment: Raised 2026 outlook following iMerit deal: ExlService now projects 2026 revenue of approximately $2.39 billion to $2.415 billion after incorporating the iMerit transaction, while also increasing its earnings outlook. The deal is expected to support the company’s growth strategy and adds confidence to its longer-term revenue trajectory. ExlService projects 2026 revenue following iMerit deal
• Positive Sentiment: Beat quarterly estimates: Second-quarter revenue reached $594.8 million, up 15.6% year over year and above the $573.9 million consensus estimate. Adjusted earnings of $0.59 per share also exceeded expectations of $0.55 and increased from $0.49 a year earlier. EXL Reports 2026 Second Quarter Results
• Positive Sentiment: Analyst support strengthened: Needham raised its price target from $40 to $45 and reaffirmed a “Buy” rating, signaling greater confidence in ExlService’s earnings growth and execution. Needham raises ExlService price target
• Neutral Sentiment: Commentary has highlighted ExlService as a growth-oriented and potentially attractive value option among IT-services companies. However, broader markets were under pressure from a sharp oil-price increase, U.S.-Iran tensions, and uncertainty ahead of the Federal Reserve’s decision, which could create volatility even as company-specific fundamentals improve. Market volatility ahead of Fed decision

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its position in shares of ExlService by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 54,274 shares of the business services provider’s stock valued at $2,390,000 after purchasing an additional 318 shares during the period. Private Advisor Group LLC lifted its holdings in ExlService by 6.3% in the 3rd quarter. Private Advisor Group LLC now owns 6,038 shares of the business services provider’s stock valued at $266,000 after acquiring an additional 358 shares during the last quarter. UMB Bank n.a. boosted its position in shares of ExlService by 22.3% during the 4th quarter. UMB Bank n.a. now owns 2,647 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 482 shares in the last quarter. Transamerica Financial Advisors LLC grew its stake in shares of ExlService by 285.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock worth $29,000 after purchasing an additional 502 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of ExlService by 63.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,583 shares of the business services provider’s stock worth $70,000 after purchasing an additional 614 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.