ExlService Holdings, Inc. (EXLS) stock

EXLSNasdaqServices-Business Services, NECFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 27, 2026Score 17/303% above fair value

$43.10−0.82 (-1.87%)

Close on Nov 12, 2026Market cap $6.50BP/E 25.7Yield –

ExlService statistics

108 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Feb 23, 2027 (estimated, after the close)
Last ex-dividend date: No dividends
Fundamentals through: Sep 30, 2026
Share price as of: Nov 12, 2026

Valuation ratiosIndustry

Market Cap: $6.50B; $793.39M
Enterprise Value: $6.68B; $768.70M
PE Ratio: 25.65; 26.25
PS Ratio: 2.78; 2.28
PB Ratio: 7.00; 2.76
P/TBV Ratio: 26.31; 4.88
P/FCF Ratio: 23.96; 15.38
P/OCF Ratio: 19.92; 13.16

Enterprise valuationIndustry

EV / Sales: 2.85; 2.03
EV / EBITDA: 16.29; 16.16
EV / EBIT: 19.30; 20.87
EV / FCF: 24.62; 15.27

Share statisticsIndustry

Shares Outstanding: 151M; 58M
Shares Change (YoY): -4.91%; 1.97%
Shares Change (QoQ): -0.47%; 0.07%
Float: 148M; 53M
Shares Held by Insiders: 2.12%; 13.2%
Shares Held by Institutions: 103.1%; 62.8%

Short sellingIndustry

Short Interest: 9M; –
Short Interest Change: -9.77%; -3.30%
Short % of Float: 6.19%; 5.81%
Short % of Shares Outstanding: 6.06%; 4.22%
Days to Cover: 3.16; 3.54

Stock price statisticsIndustry

52-Week High: $44.36; –
52-Week Low: $24.85; –
20-Day Moving Average: $42.08; –
50-Day Moving Average: $38.33; –
200-Day Moving Average: $32.75; –
Average True Range (14): $1.21; –
Price Change (1 Week): -1.17%; 0.35%
Price Change (1 Month): 15.4%; 0.00%
Price Change (3 Months): 23.8%; -7.14%
Price Change (6 Months): 59.9%; 0.66%
Price Change (YTD): 1.56%; -14.1%
Price Change (1 Year): 8.92%; -14.0%
Price Change (3 Years): 61.0%; -12.6%
Price Change (5 Years): 58.1%; -56.7%
Price Change (10 Years): 382.3%; 44.9%
Average Volume (10 Days): 2M; –
Average Volume (20 Days): 3M; –
Average Volume (90 Days): 2M; –
Relative Volume: 0.73; 0.71
Relative Strength Index (14): 63.0; 47.3
Volatility (1 Year): 42.0%; 65.3%
Beta (5 Years): 0.93; 1.19

MarginsIndustry

Gross Margin: 38.4%; 56.0%
Operating Margin: 14.8%; -1.96%
Pretax Margin: 14.4%; -0.63%
Profit Margin: 11.1%; -2.35%
EBITDA Margin: 17.5%; 0.85%
FCF Margin: 11.6%; 9.88%

Returns on capitalIndustry

Return on Equity (ROE): 27.7%; 1.34%
Return on Assets (ROA): 13.7%; -3.12%
Return on Invested Capital (ROIC): 26.4%; -0.29%
Return on Capital Employed (ROCE): 21.2%; -0.55%

Financial positionIndustry

Current Ratio: 2.16; 1.37
Quick Ratio: 1.78; 0.93
Debt / Equity: 0.55; 0.52
Debt / EBITDA: 1.25; 2.60
Debt / FCF: 1.88; 2.79
Net Debt / EBITDA: 0.44; 1.41
Interest Coverage: 17.64; -0.55

GrowthIndustry

Revenue Growth (YoY): 15.6%; 9.45%
Net Income Growth (YoY): 7.94%; 9.41%
EPS Growth (YoY): 14.3%; 12.4%
FCF Growth (YoY): -5.47%; 14.5%
Revenue Growth (3Y CAGR): 13.9%; 7.44%
Revenue Growth (5Y CAGR): 16.8%; 12.3%
EPS Growth (3Y CAGR): 21.9%; 13.7%
EPS Growth (5Y CAGR): 24.3%; 12.4%

EfficiencyIndustry

Asset Turnover: 1.23; 0.64
Revenue Per Employee: $36.03K; $396.32K
Profits Per Employee: $4.01K; -$6.68K
Employee Count: 65,000; 525
WACC: 9.13%; 10.1%

Income statement (TTM)Industry

Revenue: $2.34B; $257.79M
Gross Profit: $898.82M; $158.36M
Operating Income: $346.00M; -$578.69K
Pretax Income: $337.48M; -$294.07K
Net Income: $260.61M; -$298.85K
EBITDA: $409.84M; -$75.39K
EPS (Diluted): $1.68; $0.00

Balance sheetIndustry

Cash & Short-Term Investments: $332.68M; $41.64M
Total Debt: $511.05M; $174.92M
Net Cash (Debt): -$178.37M; $1.79M
Net Cash Per Share: -$1.18; $0.13
Equity (Book Value): $928.09M; $51.00M
Book Value Per Share: $6.15; $1.99
Tangible Book Value: $246.97M; $2.78M
Working Capital: $514.95M; $14.99M

Cash flow (TTM)Industry

Operating Cash Flow: $326.19M; $5.65M
Capital Expenditures: -$55.00M; -$5.59M
Free Cash Flow: $271.19M; $35.58M
FCF Per Share: $1.80; $0.53

Dividends and yieldsIndustry

Earnings Yield: 4.01%; 0.38%
FCF Yield: 4.17%; 4.32%
Buyback Yield: 4.87%; 3.37%
Shareholder Yield: 4.87%; 3.80%

Taxes and interestIndustry

Interest Expense: $19.62M; $3.48M
Income Tax: $76.91M; $1.62M
Effective Tax Rate: 22.8%; 22.3%

Scores and fair valueIndustry

Graham Number: $15.25; $16.66
Graham Upside: -64.6%; -55.3%
Altman Z-Score: 6.55; 1.97
Piotroski F-Score: 8; 5
Beneish M-Score: -2.66; -2.82
Lynch Fair Value: $40.90; –
Lynch Upside: -5.09%; -35.4%

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

Period	EXLS	S&P 500	Difference	EXLS per year	S&P 500 per year
1 month	+17.3%	-2.7%	+20.0 pts
3 months	+25.5%	-1.7%	+27.3 pts
Year to date	+1.6%	+11.9%	−10.3 pts
1 year	+9.1%	+12.0%	−2.9 pts
3 years	+60.5%	+78.2%	−17.7 pts	+17.1%	+21.2%
5 years	+58.1%	+73.2%	−15.1 pts	+9.6%	+11.6%
10 years	+382.3%	+309.6%	+72.7 pts	+17.0%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

9M EXLS shares were sold short on Oct 30, 2026, down 9.8% from the previous report, or 6.19% of the shares available to trade. At recent volumes it would take 3.2 days to buy them back. Over the last 20 sessions, 60.2% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	9,140,992	-9.8%	2,889,294	3.2
Oct 15, 2026	10,130,610	-4.3%	2,147,631	4.7
Sep 30, 2026	10,581,846	+7.6%	1,983,845	5.3
Sep 15, 2026	9,830,036	-10.5%	1,761,545	5.6
Aug 31, 2026	10,979,985	+3.7%	2,142,544	5.1
Aug 14, 2026	10,585,611	-1.8%	2,065,459	5.1
Jul 31, 2026	10,781,663	-10.3%	2,842,344	3.8
Jul 15, 2026	12,022,753	-4.2%	2,267,164	5.3
Jun 30, 2026	12,544,402	-4.3%	3,807,734	3.3
Jun 15, 2026	13,108,154	-7.8%	2,168,026	6.0
May 29, 2026	14,218,133	-1.0%	2,349,884	6.0
May 15, 2026	14,364,762	+24.3%	2,611,612	5.5