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ExlService Holdings EXLS

ExlService Holdings scores excellent on business quality (7.6 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$36.79Oct 9, 2026
Business qualityExcellent
Next earningsOct 27, 2026
Insiders, 90 daysSelling

Why it matters

  1. What ExlService Holdings does

    Exlservice Holdings provides data analytics and digital operations solutions, helping enterprise clients automate workflows and improve customer experiences. The company is scaling its digital transformation services to capture rising demand for cloud and AI integration.

  2. What it does best

    Exlservice excels at converting complex enterprise data into operational workflows, delivering an operating margin of 14.9% that outpaces peers like CNXC at 6.8%.

  3. The main risk

    Client concentration in financial services exposes the business to IT spending freezes if macroeconomic conditions tighten further.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Gross margin sits at 38.5% with an ROE of 28.5%. Profitability is stable, though scale benefits are tempered by rising delivery costs.

MoatStrong

Deep data integration creates high switching costs for enterprise clients. It ranks in the top quartile for revenue growth at 84th percentile.

GrowthFast

Revenue grew 13.6% to $2.2B, accelerating past historical figures as digital transformation demand expands across its core enterprise base.

Financial healthStrong

Debt-to-equity sits at 0.3x with interest coverage at 18.3x, keeping financing costs low. Free cash flow reached $275M, showing solid cash generation that is getting stronger.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 sold $176K outside pre-planned sales.

Our sealed record on EXLS

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is EXLS a good business?

ExlService Holdings scores excellent on the Cluenex quality check (7.6 of 10), measured against its own industry. Profitability is fair, moat strong, growth fast and financial health strong.

Are insiders buying EXLS?

In the last 90 days of SEC Form 4 filings: 1 sold $176K outside pre-planned sales.

When does EXLS report earnings?

Oct 27, 2026.

For members

See EXLS today

  • Today's verdict on EXLS, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “ExlService Holdings (EXLS)”, https://cluenex.com/stocks/exls/, data as of Oct 10, 2026.