EXLS on Nasdaq

ExlService Holdings, Inc.

American business services company based in Wilmington, active since 2002. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

Compare with FICO, Alight Solutions or Wise Group plc, or pick any stock.

  • TickerEXLS on Nasdaq2
  • IndustryServices-Business Services, NEC2
  • HeadquartersWilmington, United States2
  • Incorporated inDE3
  • Business address320 Park Avenue, 29Th Floor, New York, Ny 100223
  • Filer categoryLarge accelerated filer3
  • Legal formCorporation2
  • LEI81E3DTNF6OSH489ZOV152
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 35850152

See how the biggest companies compare on our leaderboards

ExlService Holdings, Inc. (“EXL,” “we,” “us,” “our” or the “Company”), incorporated in Delaware in 2002, is a global data and artificial intelligence (“AI”) company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare and life sciences, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have over 65,000 employees spanning six continents.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

38.4%Gross margin5
15.0%Operating margin5
12.0%Net margin5
13.6%Revenue growth, 20255
27.5%Return on equity5
0.32×Debt to equity5
$298.1MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs85¢$1.8B
  • Income tax3¢$63.7M
  • Profit12¢$251.0M

Out of $2.1B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending14¢$52.6M
  • Share buybacks86¢$328.5M

Out of $350.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue67895$2.1B in 2025+111% since 2019
0$1.0B$2.0B$3.0B2019: $991.3M$991.3M20192020: $958.4M$958.4M2020−3%2021: $1.1B$1.1B2021+17%2022: $1.4B$1.4B2022+26%2023: $1.6B$1.6B2023+15%2024: $1.8B$1.8B2024+13%2025: $2.1B$2.1B2025+14%
Gross profit67895$801.1M in 2025+139% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $335.9M$335.9M20192020: $334.5M$334.5M2020−0%2021: $431.4M$431.4M2021+29%2022: $515.4M$515.4M2022+19%2023: $607.8M$607.8M2023+18%2024: $691.0M$691.0M2024+14%2025: $801.1M$801.1M2025+16%
Operating income67895$313.8M in 2025+310% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $76.5M$76.5M20192020: $110.0M$110.0M2020+44%2021: $155.9M$155.9M2021+42%2022: $192.2M$192.2M2022+23%2023: $238.8M$238.8M2023+24%2024: $263.6M$263.6M2024+10%2025: $313.8M$313.8M2025+19%
Net income67895$251.0M in 2025+271% since 2019
0$100.0M$200.0M$300.0M2019: $67.7M$67.7M20192020: $89.5M$89.5M2020+32%2021: $114.8M$114.8M2021+28%2022: $143.0M$143.0M2022+25%2023: $184.6M$184.6M2023+29%2024: $198.3M$198.3M2024+7%2025: $251.0M$251.0M2025+27%
Fiscal year2019202020212022202320242025
Revenue$991.3M6$958.4M7$1.1B8$1.4B9$1.6B5$1.8B5$2.1B5
Gross profit$335.9M6$334.5M7$431.4M8$515.4M9$607.8M5$691.0M5$801.1M5
Operating expenses$275.5M8$323.3M9$369.0M5$427.4M5$487.3M5
Operating income$76.5M6$110.0M7$155.9M8$192.2M9$238.8M5$263.6M5$313.8M5
Interest$13.6M6$11.2M7$7.6M8$8.3M8$13.2M8
Income before tax$146.6M8$190.1M9$237.9M5$261.3M5$315.1M5
Income tax$15.2M6$25.6M7$31.9M8$47.6M9$53.5M5$62.9M5$63.7M5
Net income$67.7M6$89.5M7$114.8M8$143.0M9$184.6M5$198.3M5$251.0M5
Earnings per share$1.976$2.617$0.688$0.869$1.115$1.225$1.565
Earnings per share (diluted)$1.956$2.597$0.678$0.859$1.105$1.215$1.545
Shares (weighted, basic)167.7M shares8166.7M shares9166.3M shares5162.7M shares5161.0M shares5
Shares (weighted, diluted)171.2M shares8169.2M shares9168.2M shares5164.3M shares5162.5M shares5

Compare ExlService Holdings, Inc. with another company

Leadership

Who has led ExlService Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Vikram Talwar2006–2008
  2. Rohit Kapoor2008–now

Chair

  1. Vikram Talwar2008–2013
  2. Rohit Kapoor2024–now

President

  1. Rohit Kapoor2006–2013
  2. William A. Bloom2012
  3. Pavan Bagai2014–2021
  4. Vikas Bhalla2024
  5. Vivek Jetley2024–now

Chief financial officer

  1. Rohit Kapoor2006–2007
  2. Matthew Appel2008–2009
  3. Vishal Chhibbar2009–2024
  4. Maurizio Nicolelli2020–now

Chief operating officer

  1. Rohit Kapoor2007–2009
  2. Pavan Bagai2008–2021
2010201520202025
Board members and other officers (58)

Timeline

  1. Nov 25, 2008New chief executive Rohit Kapoor becomes CEO14
  2. Oct 19, 2006New chief executive Vikram Talwar becomes CEO15
  3. Oct 29, 2002Founded ExlService Holdings, Inc. is founded2

Filings

532 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 45 major events, 362 insider forms, 27 large holders, 78 other. The latest 20:

  1. Oct 7, 2026SCHEDULE 13G/A EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 1, 2026144 EDGAR
  4. Sep 3, 20264 EDGAR
  5. Sep 2, 20268-K EDGAR
  6. Sep 1, 2026144 EDGAR
  7. Aug 18, 20268-K EDGAR
  8. Aug 13, 20264 EDGAR
  9. Aug 12, 2026SCHEDULE 13G/A EDGAR
  10. Aug 6, 20264 EDGAR
  11. Aug 3, 2026144 EDGAR
  12. Jul 28, 202610-Q EDGAR
  13. Jul 28, 20268-K EDGAR
  14. Jul 21, 20264 EDGAR
  15. Jul 21, 20264 EDGAR
  16. Jul 21, 20264 EDGAR
  17. Jul 21, 20268-K EDGAR
  18. Jul 20, 20264 EDGAR
  19. Jul 20, 20263 EDGAR
  20. Jul 2, 20264 EDGAR

The 532 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

85 open-market trades by officers, directors and large owners since October 2021: 7 buys and 78 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 1, 2026Bhalla VikasPresident of EXLSale10,000$38.17$381.7KForm 4
Aug 11, 2026Chhibbar VishalExecutive Vice PresidentSale5,000$35.10$175.5KForm 4
Aug 3, 2026Bhalla VikasPresident of EXLSale11,000$34.99$384.9KForm 4
Jul 1, 2026Bhalla VikasPresident of EXLSale12,000$26.47$317.6KForm 4
Jun 4, 2026Bhalla VikasPresident of EXLSale12,000$30.22$362.6KForm 4
May 20, 2026AYYAPPAN AJAYEVP & Gen Counsel/Corp. Sec'y.Sale5,093$29.11$148.3KForm 4
Mar 2, 2026AYYAPPAN AJAYEVP & Gen Counsel/Corp. Sec'y.Sale1,679$30.39$51.0KForm 4
Feb 23, 2026AYYAPPAN AJAYEVP & Gen Counsel/Corp. Sec'y.Sale1,197$29.79$35.7KForm 4
Feb 18, 2026AYYAPPAN AJAYEVP & Gen Counsel/Corp. Sec'y.Sale2,275$30.32$69.0KForm 4
Jan 27, 2026AYYAPPAN AJAYEVP & Gen Counsel/Corp. Sec'y.Sale8,114$42.53$345.1KForm 4
Dec 2, 2025Bhalla VikasPresident of EXLSale11,774$39.99$470.8KForm 4
Sep 10, 2025Bhalla VikasPresident of EXLSale8,000$43.76$350.1KForm 4
May 8, 2025Bhalla VikasPresident of EXLSale25,000$46.11$1.2MForm 4
May 2, 2025STUDENMUND JAYNIE MDirectorSale14,580$47.53$693.0KForm 4
Mar 11, 2025Mahon AnitaExecutive Vice PresidentSale10,558$45.92$484.8KForm 4
Feb 28, 2025Mahon AnitaExecutive Vice PresidentSale2,729$48.32$131.9KForm 4
Feb 28, 2025AYYAPPAN AJAYEVP & Gen Counsel/Corp. Sec'y.Sale1,865$48.32$90.1KForm 4
Feb 19, 2025AYYAPPAN AJAYEVP & Gen Counsel/Corp. Sec'y.Sale4,989$50.70$252.9KForm 4
Feb 19, 2025Mahon AnitaExecutive Vice PresidentSale6,071$50.70$307.8KForm 4
Feb 10, 2025AYYAPPAN AJAYEVP & Gen Counsel/Corp. Sec'y.Sale16,186$51.50$833.6KForm 4

All 85 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86
  87. 87