Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- About
EXLS 
ExlService Holdings Inc (EXLS)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
02/24/2026: EXLS (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
10 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $52.14
1 Year Target Price $52.14
| 5 | Strong Buy |
| 3 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.64B USD | Price to earnings Ratio 19.3 | 1Y Target Price 52.14 |
Price to earnings Ratio 19.3 | 1Y Target Price 52.14 | ||
Volume (30-day avg) 10 | Beta 0.88 | 52 Weeks Range 27.88 - 51.31 | Updated Date 02/24/2026 |
52 Weeks Range 27.88 - 51.31 | Updated Date 02/24/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.49 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-02-24 | When - | Estimate 0.465 | Actual - |
Profitability
Profit Margin 11.91% | Operating Margin (TTM) 14.38% |
Management Effectiveness
Return on Assets (TTM) 11.47% | Return on Equity (TTM) 25.96% |
Valuation
Trailing PE 19.3 | Forward PE 20 | Enterprise Value 7003654105 | Price to Sales(TTM) 2.29 |
Enterprise Value 7003654105 | Price to Sales(TTM) 2.29 | ||
Enterprise Value to Revenue 3.56 | Enterprise Value to EBITDA 17.4 | Shares Outstanding 158700885 | Shares Floating 153517714 |
Shares Outstanding 158700885 | Shares Floating 153517714 | ||
Percent Insiders 3.8 | Percent Institutions 100.8 |
Upturn AI SWOT
ExlService Holdings Inc
Company Overview
History and Background
ExlService Holdings Inc. (EXLS) was founded in 1999 and has since evolved into a leading global analytics and digital solutions company. It began as a provider of business process outsourcing (BPO) services and has strategically expanded its capabilities into data analytics, artificial intelligence, and digital transformation services. Significant milestones include its IPO in 2009 and continuous expansion of its service offerings and geographic presence.
Core Business Areas
- Insurance Domain: Provides a comprehensive suite of analytics and digital solutions for the insurance industry, covering life, annuity, P&C, and health insurance. Services include claims management, underwriting, policy administration, and customer service.
- Healthcare Domain: Offers analytics and operational solutions for healthcare providers, payers, and life sciences companies. This includes patient analytics, revenue cycle management, care management, and regulatory compliance.
- Financial Services Domain: Delivers analytics and digital transformation services to banking, capital markets, and other financial institutions. Services encompass risk management, fraud detection, customer analytics, and digital lending platforms.
- General Business Analytics: Provides advanced analytics and data science capabilities across various industries to drive business insights, optimize operations, and enhance customer experiences. This includes AI/ML solutions, data engineering, and data visualization.
Leadership and Structure
EXLS is led by a senior executive team with deep industry expertise. Vikram Chalana is the Chief Executive Officer. The company operates with a matrixed organizational structure that combines functional expertise with domain-specific teams to serve its diverse client base across multiple industries and geographies.
Top Products and Market Share
Key Offerings
- Insurance Analytics & Digital Transformation Services: ExlService offers a broad spectrum of analytics and digital solutions tailored for insurance companies. This includes AI-powered claims processing, intelligent underwriting, customer churn prediction, and digital policy administration. Competitors include Accenture, Genpact, WNS Global Services, and other BPO and analytics firms. Specific market share data for individual product lines is not publicly disclosed by ExlService, but they are a significant player in the insurance BPO and analytics market.
- Healthcare Data Analytics & Operations: ExlService provides solutions for healthcare payers and providers focusing on improving patient outcomes, managing costs, and enhancing operational efficiency. Key offerings include population health analytics, revenue cycle optimization, and fraud detection. Competitors include Optum, Cognizant, Infosys, and other healthcare IT and analytics service providers. Market share for specific offerings is not detailed.
- Financial Services Analytics & Digital Solutions: This segment focuses on leveraging data analytics for risk management, regulatory compliance, customer analytics, and digital lending for banks and financial institutions. Competitors include IBM, Capgemini, and other financial services technology and consulting firms. No specific market share data is publicly available.
Market Dynamics
Industry Overview
ExlService operates in the rapidly evolving Business Process Outsourcing (BPO), analytics, and digital transformation services market. The industry is characterized by increasing demand for data-driven decision-making, automation, AI/ML integration, and digital customer engagement. Key trends include the shift from traditional BPO to higher-value analytics and consulting services, cloud adoption, and the need for specialized domain expertise.
Positioning
ExlService is positioned as a leading global analytics and digital solutions company, distinguishing itself through its deep domain expertise, particularly in insurance and healthcare, and its advanced analytics capabilities. Its competitive advantages lie in its ability to combine operational excellence with cutting-edge technology and data science to drive business outcomes for clients. The company focuses on outcome-based pricing and strong client relationships.
Total Addressable Market (TAM)
The TAM for analytics and digital solutions is vast and growing. While specific figures vary by analyst report and segment, the global market for business analytics and IT outsourcing is estimated to be in the hundreds of billions of dollars. ExlService is positioned to capture a significant share of this TAM by focusing on specific industry verticals where it has established expertise and by continually investing in new technologies and services.
Upturn SWOT Analysis
Strengths
- Deep domain expertise in insurance and healthcare sectors.
- Strong analytics and data science capabilities, including AI/ML.
- Global delivery model with a skilled workforce.
- Long-standing client relationships and high client retention.
- Focus on digital transformation and outcome-based solutions.
Weaknesses
- Reliance on a few large clients for a significant portion of revenue.
- Competition from larger, more diversified IT services companies.
- Potential challenges in scaling rapidly across new industry verticals.
- Maintaining innovation pace in a rapidly changing technology landscape.
Opportunities
- Growing demand for AI and machine learning solutions across industries.
- Expansion into new geographic markets and industry verticals.
- Acquisitions to enhance capabilities and market reach.
- Leveraging cloud technologies to deliver scalable solutions.
- Increased focus on data privacy and cybersecurity solutions.
Threats
- Intensifying competition and pricing pressure.
- Economic downturns impacting client IT spending.
- Rapid technological advancements by competitors.
- Data breaches and cybersecurity threats.
- Regulatory changes impacting the industries it serves.
Competitors and Market Share
Key Competitors
- Accenture plc (ACN)
- Cognizant Technology Solutions Corporation (CTSH)
- Genpact Limited (G) - Now known as Genpact.
- WNS (Holdings) Limited (WNS)
Competitive Landscape
ExlService competes in a highly competitive landscape. Its advantages lie in its specialized domain expertise, particularly in insurance and healthcare, and its advanced analytics capabilities. However, it faces larger, more diversified competitors like Accenture and Cognizant that have broader service offerings and greater market reach. Genpact and WNS are also strong competitors in the BPO and analytics space. ExlService differentiates itself by focusing on deep analytics-driven transformations rather than just process outsourcing.
Major Acquisitions
ProClarity Data Analytics
- Year: 2022
- Acquisition Price (USD millions):
- Strategic Rationale: Acquired to strengthen ExlService's data analytics capabilities, particularly in the areas of AI and machine learning, and to expand its client base in the insurance sector.
Pioneer Development Company
- Year: 2022
- Acquisition Price (USD millions):
- Strategic Rationale: Acquired to enhance ExlService's offerings in the healthcare sector, particularly in claims management and care management solutions.
Mercator
- Year: 2021
- Acquisition Price (USD millions): 300
- Strategic Rationale: Acquired to significantly expand ExlService's presence and capabilities in the healthcare analytics space, particularly in payer and provider analytics.
Growth Trajectory and Initiatives
Historical Growth: ExlService has shown consistent historical growth, driven by the expansion of its analytics and digital services, strategic acquisitions, and its deep penetration within key industry verticals like insurance and healthcare. Revenue and profitability have grown steadily over the past decade.
Future Projections: Analyst estimates for ExlService's future growth are generally positive, driven by the increasing demand for data analytics, AI, and digital transformation services. Projections often indicate continued revenue growth in the mid-to-high single digits, supported by expansion into new service areas and client acquisition. Profitability is also expected to improve as the company scales its higher-margin analytics offerings.
Recent Initiatives: Recent initiatives include continued investment in AI and machine learning capabilities, expansion of its digital solutions portfolio, strategic acquisitions to bolster specific service lines (e.g., analytics in healthcare), and an increased focus on cloud-native solutions.
Summary
ExlService Holdings Inc. is a strong player in the analytics and digital solutions market, demonstrating consistent growth and profitability. Its deep domain expertise in insurance and healthcare, coupled with advanced analytics capabilities, provides a competitive edge. The company is well-positioned to capitalize on the increasing demand for data-driven solutions and digital transformation. However, it must navigate intense competition from larger IT service providers and manage potential client concentration risks.
Similar Stocks
Sources and Disclaimers
Data Sources:
- ExlService Holdings Inc. official investor relations website
- SEC Filings (10-K, 10-Q)
- Financial news and analysis websites (e.g., Yahoo Finance, Bloomberg)
- Industry research reports
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions. Market share data is estimated and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ExlService Holdings Inc
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2006-10-20 | Co-Founder, Chairman & CEO Mr. Rohit Kapoor | ||
Sector Technology | Industry Information Technology Services | Full time employees 59500 | Website https://www.exlservice.com |
Full time employees 59500 | Website https://www.exlservice.com | ||
ExlService Holdings, Inc. operates as a data analytics, and digital operations and solutions company in the United States 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 processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and Life Digital Suite platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform. In addition, the company offers health care services related to care management, utilization management, disease management, payment integrity, revenue optimization, and customer engagement. Further, it provides financial planning and analysis, management reporting, forecasting and decision support, data management, regulatory reporting and risk, and compliance services; reservations, customer, and fulfilment services; freight billing, collections, claims management, freight audit, freight scheduling, supply chain management, and revenue assurance services; residential mortgage lending, title verification and validation, retail banking and credit cards, trust verification, commercial banking, and investment management; merchandising, pricing, and demand forecasting; and digital operations and solutions. The company offers predictive and prescriptive analytics in the areas of customer acquisition and lifecycle management. The company was founded in 1999 and is headquartered in New York, New York.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.