ExlService Holdings (EXLS) Stock Overview
Operates as a data and artificial intelligence (“AI”) company in the North America, the United Kingdom, Europe, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
EXLS Community Fair Values
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Analyst Price Targets
Top Community Narratives
ExlService Holdings
91.6% overvalued intrinsic discount
Updated
Five years of mix shift into AI-led work has produced no gross margin expansion, and contracts are terminable without cause.
View narrativeES
Updated 10 Sep
ExlService Holdings, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$35.26 |
| 52 Week High | US$44.32 |
| 52 Week Low | US$24.85 |
| Beta | 0.81 |
| 1 Month Change | 2.71% |
| 3 Month Change | 22.26% |
| 1 Year Change | -19.11% |
| 3 Year Change | 21.21% |
| 5 Year Change | 44.56% |
| Change since IPO | 835.77% |
Recent News & Updates
Recent updates
Narrative Update • Sep 10
Five years of mix shift into AI-led work has produced no gross margin expansion, and contracts are terminable without cause.
Offshore analytics and managed-operations provider that runs mission-critical claims, underwriting, payment-integrity and finance workflows for large insurers, healthcare payers and banks, and is repositioning that base into data and AI-led delivery. Roughly 53% of revenue is recurring, embedded operations protected by 12–30 months of transition friction, which is enough to make permanent capital loss unlikely at a low entry price.Seeking Alpha • Aug 28
ExlService: Worth More As A Compounder Than As An IT Vendor
Summary ExlService Holdings is delivering robust, consistent top- and bottom-line growth, positioning itself as a high-return compounder. EXLS raised 2026 guidance, forecasting 15% revenue and 16–18% EPS growth, supported by long-term contracts and AI-driven solutions. I see EXLS as undervalued, with a one-year target price of $59.33—representing up to 58% upside—and maintain a strong buy rating. Key risks include AI integration, cybersecurity, regulatory changes, and the need for ongoing innovation and talent acquisition. Read the full article on Seeking Alpha
Narrative Update • Aug 13
EXLS: AI Shift And iMerit Deal Will Shape Future Position
The analyst price target for ExlService Holdings in this update is set at $48. This is supported by recent research that cites a business mix moving toward higher value services, a favorable setup for its AI solutions, updated guidance that feeds into slightly higher revenue growth and profit margin assumptions, and a lower future P/E multiple.
Narrative Update • Jul 30
EXLS: AI Services And Partnerships Will Support Future Share Rebound
Analysts have raised the price target for ExlService Holdings by $1.75 to $43.50, reflecting updated views on its fair value model and support from recent research highlighting higher value services, AI driven opportunities, and revised long term assumptions. Analyst Commentary Recent research on ExlService Holdings shows a mix of optimism around growth initiatives and AI offerings, alongside some caution on sector level risks and earnings expectations.Narrative Update • Jun 26
EXLS: AI Acquisition And Partnerships Will Drive Future Competitive Position
Analysts have revised their fair value estimate for ExlService Holdings to $46.00 from $56.00, reflecting updated views on growth, margins and an adjusted future P/E expectation of 20.03x. What’s in the News for ExlService Holdings ExlService Holdings agreed to acquire iMerit Inc.Analysis Article • Jun 20
ExlService Holdings (EXLS) Stock Could Be 37.9% Undervalued After Databricks Gold Tier Win
What the Databricks Gold Tier milestone means for ExlService Holdings The latest move from ExlService Holdings (EXLS) centers on its new Gold Tier Status in the Databricks Partner Program and expanded EXLdata.ai governance capabilities, which sharpen the company’s focus on trusted, large scale enterprise AI. For investors, this development highlights how ExlService Holdings is positioning its data and AI platform alongside Databricks security, governance and lineage tools to address client...Narrative Update • Jun 11
EXLS: AI And Data Capabilities Will Support Future Share Rebound
Analysts have adjusted their price target on ExlService Holdings to $41.75. The change is framed around updated assumptions for the discount rate, revenue growth, profit margin, and future P/E, as reflected in recent research that supports a more refined view of the stock's risk and earnings profile.Narrative Update • May 27
EXLS: Data And AI Expansion Will Drive Future Share Rerating
Analysts have slightly raised their price target on ExlService Holdings to $46 from $41.75, citing recent research that highlights what they view as a solid fundamental backdrop. They also acknowledge some recalibration in revenue growth, profit margin assumptions, and future P/E expectations.Narrative Update • Apr 27
EXLS: AI Partnerships And Buybacks Will Support Future Share Rerating
Analysts have adjusted their average 12 month price target on ExlService Holdings from about $50 to the mid $40s, reflecting refreshed models after recent results while still indicating what they see as solid underlying execution. Analyst Commentary Recent Street research on ExlService Holdings reflects a mix of confidence in execution and more cautious views on valuation, with updated models leading to lower headline price targets across the board.Narrative Update • Apr 11
EXLS: Agentic AI Expansion And Buybacks Will Support Future Upside
Analysts have trimmed their average price target for ExlService, with recent revisions such as Stifel moving to $46 from $54 and Baird to $35 from $50. These changes reflect refreshed models after Q4 results while still pointing to what some view as solid underlying performance.Narrative Update • Mar 28
EXLS: Agentic AI Solutions And Gradual IT Spend Recovery Will Support Upside
Narrative Update on ExlService Holdings Price Targets Analysts have revised ExlService Holdings' average price target, with changes ranging from a reduction to $35 from $50 to more moderate adjustments such as $51 from $52 and $46 from $54, reflecting updated models after recent results. Analyst Commentary Recent research on ExlService Holdings presents a mixed picture, with some analysts focusing on valuation support and execution, while others are more cautious after updating their models following Q4 results.Narrative Update • Mar 11
EXLS: Gradual IT Spend Recovery And Agentic AI Adoption Will Support Upside
Analysts have lowered their average price target on ExlService to about $41.71 from $52.14. This reflects updated models that incorporate recent target cuts to $46, $35 and $51, along with modest adjustments to assumptions for discount rate, revenue growth, profit margin and future P/E.New Narrative • Feb 26
AI Adoption And Recurring Data Contracts Will Drive Strong Long Term Outcomes
Catalysts About ExlService Holdings ExlService Holdings provides data, analytics, AI solutions and digitally enabled operations to clients in insurance, healthcare, banking and other data intensive industries. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 24
EXLS: Gradual Enterprise IT Spend Recovery Will Support Upside From Discounted Sector Setup
Narrative Update: ExlService Holdings Analyst Price Target Shift The analyst price target for ExlService Holdings has been adjusted to $51 from $52. Analysts report a generally constructive view on IT services into 2026, noting expectations that enterprise IT spending will gradually improve while sector valuations remain discounted.Narrative Update • Feb 09
EXLS: Gradual Enterprise IT Spend Recovery Will Support Upside From Discounted 2026 Setup
Analysts have trimmed their price target on ExlService Holdings by $1 to $51, citing a more measured view on sector conditions while still expecting gradual improvement in enterprise IT spending and recognizing that current valuations remain discounted. Analyst Commentary Bullish Takeaways Bullish analysts see the trimmed US$51 target as still implying room for upside relative to what they view as discounted valuations for ExlService and peers.Analysis Article • Feb 06
Slammed 27% ExlService Holdings, Inc. (NASDAQ:EXLS) Screens Well Here But There Might Be A Catch
ExlService Holdings, Inc. ( NASDAQ:EXLS ) shares have had a horrible month, losing 27% after a relatively good period...Narrative Update • Jan 26
EXLS: Gradual Enterprise IT Spend Recovery Will Support Constructive 2026 Upside
Analysts have trimmed their 12 month price target on ExlService Holdings to US$51 from US$52, reflecting slightly adjusted assumptions for discount rate, revenue growth, profit margins and future P/E, while still indicating a constructive view on services demand into 2026. Analyst Commentary Bullish Takeaways Bullish analysts see the US$51 target as still supportive of upside potential, even after a modest trim.Narrative Update • Jan 10
EXLS: Gradual Enterprise IT Spending Recovery And Buybacks Will Drive 2026 Upside
Analysts have trimmed their price target on ExlService Holdings slightly, with one recent update moving it to $51 from $52. The change reflects adjusted fair value, discount rate and future P/E assumptions, while still pointing to expectations for gradual improvement in enterprise IT spending.Narrative Update • Dec 23
EXLS: AI And Share Buybacks Will Drive Strong 2025 Upside Potential
Analysts have modestly raised their price target on ExlService Holdings by approximately 0.0 percent to about 52.29 dollars. This reflects slightly higher discount rate and future P/E assumptions while maintaining their revenue growth and profit margin outlook.Narrative Update • Dec 09
EXLS: AI Data Suite And Fraud Platform Will Drive 2025 Momentum
Analysts have modestly raised their price target on ExlService Holdings to 52.29 dollars from 52.29 dollars. This reflects slightly lower discount rate assumptions and a largely unchanged outlook for revenue growth, profit margins, and future valuation multiples.Narrative Update • Nov 25
EXLS: AI And Data Initiatives Will Drive Stock Momentum In 2025
Narrative Update on ExlService Holdings: Analyst Price Target Revision Analysts have slightly revised their price target for ExlService Holdings, lowering it from $52.29 to $52.29. This update is based on revised discount rate estimates and a modest adjustment in projected future price-to-earnings ratios.Narrative Update • Nov 11
EXLS: Share Buybacks And AI Initiatives Will Drive Earnings Momentum
Analysts have slightly lowered their price target for ExlService Holdings from $53.29 to $52.29. They cite updated expectations for revenue growth and profit margins.Narrative Update • Oct 28
AI-Powered Expansion And Global Partnerships Will Drive Future Market Share
Narrative Update on ExlService Holdings Analyst Price Target Analysts have maintained their fair value estimate for ExlService Holdings at $53.29 per share. Recent adjustments to discount rate and growth assumptions have been minor and do not significantly impact the overall price target.Narrative Update • Oct 13
Digital Transformation And AI Expansion Will Open Global Markets
Analysts have slightly lowered their price target for ExlService Holdings, reducing the estimated fair value from $54.14 to $53.29. This adjustment is due to minor changes in the discount rate, projected revenue growth, profit margins, and future price-to-earnings expectations.Analysis Article • Oct 06
Unpleasant Surprises Could Be In Store For ExlService Holdings, Inc.'s (NASDAQ:EXLS) Shares
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 19x, you may...Seeking Alpha • Mar 28
Undervalued By EXLerate: ExlService's Hidden Strength
Summary ExlService is an AI company with significant potential in the AI sector, currently undervalued by 17.5%, from $47 to $55 per share. The company has full order books, indicating strong demand and future revenue growth. ExlService's positioning in the AI market makes it a standout choice for investors seeking growth in this sector. Read the full article on Seeking AlphaShareholder Returns
| EXLS | US Professional Services | US Market | |
|---|---|---|---|
| 7D | -3.7% | -5.9% | -2.2% |
| 1Y | -19.1% | -16.0% | 13.1% |
Return vs Industry: EXLS underperformed the US Professional Services industry which returned -16% over the past year.
Return vs Market: EXLS underperformed the US Market which returned 13.1% over the past year.
Price Volatility
| EXLS volatility | |
|---|---|
| EXLS Average Weekly Movement | 7.5% |
| Professional Services Industry Average Movement | 8.0% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.4% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: EXLS has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: EXLS's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | 65,000 | Rohit Kapoor | www.exlservice.com |
ExlService Holdings, Inc., operates as a data and artificial intelligence (“AI”) company in the North America, the United Kingdom, Europe, and internationally. The company operates through Insurance; Healthcare and Life Sciences; Banking, Capital Markets, and Diversified Industries; and International Growth Markets. It provides digital operations and solutions and analytics-driven services, such as claims management, premium and benefit administration, agency management, account reconciliation, actuarial and risk analytics, policy research, digital marketing, underwriting support, new business acquisition, policy servicing, audit, surveys, billing and collection, commercial and residential survey, and customer service; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and Life Digital Suite platforms; and Subrosource software platform, an end-to-end subrogation platform.
ExlService Holdings, Inc. Fundamentals Summary
| EXLS fundamental statistics | |
|---|---|
| Market cap | US$5.25b |
| Earnings (TTM) | US$250.00m |
| Revenue (TTM) | US$2.24b |
21.4x
P/E Ratio2.4x
P/S RatioIs EXLS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EXLS income statement (TTM) | |
|---|---|
| Revenue | US$2.24b |
| Cost of Revenue | US$1.38b |
| Gross Profit | US$861.62m |
| Other Expenses | US$611.62m |
| Earnings | US$250.00m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.65 |
| Gross Margin | 38.51% |
| Net Profit Margin | 11.17% |
| Debt/Equity Ratio | 44.0% |
How did EXLS perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/11 21:46 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
ExlService Holdings, Inc. is covered by 20 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Koning | Baird |
| Vincent Colicchio | Barrington Research Associates, Inc. |
| Kunal Tayal | BofA Global Research |