EXLS
Premium GrowerAI neutralExlService Holdings, Inc. · Technology · United States · $6.4B cap · $107.9M/day traded
$43.92 -0.9% · close 11 Nov · scored 11 Nov
Premium Grower: Strong business with the market behind it, priced at a premium.
After its 27 Oct results, analysts raised next year's EPS estimate 2.4%.
As of 11 Nov 2026, the MoatMap Score for ExlService Holdings, Inc. (EXLS) is 92/100, ranked against 25,000+ stocks in 38 markets (Quality 77, Value 39, Momentum 79, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
EXL is a data analytics and operations outsourcing firm serving insurers, healthcare and banks, with solid margins and a record of steady growth. It is repositioning around AI-led services and has industry recognition for healthcare AI deployments. The open question is whether AI grows its revenue or shrinks the labour-based work it bills for, and the recent departure of the head of its largest insurance and healthcare unit adds uncertainty.
ABOUT EXLSERVICE HOLDINGS, INC.
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ExlService Holdings, Inc. provides operations management and analytics services to various industries, including insurance, healthcare, and banking. The company's specialized expertise in data analytics, artificial intelligence, and digital transformation enables clients to improve efficiency and gain insights. EXL is a leading provider of data analytics and operations management solutions, driving digital transformation for enterprise clients.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.4B | 1.6B | 1.8B | 2.1B | 13.9% | 2.3B | 2.4B | 2.8B | 14.8% |
| EPS | 0.86 | 1.11 | 1.22 | 1.56 | 22.1% | 1.67 | 1.89 | 2.13 | 16.8% |
| Shares | 166.2M | 165.3M | 161.8M | 156.4M | -5.9% | 150.8M | — | — | — |
| Debt | 313.1M | 271.0M | 364.8M | 403.6M | 8.8% | 617.8M | — | — | — |
| Equity | 758.2M | 889.4M | 929.9M | 912.7M | 6.4% | — | — | — | — |
| Op CF | 166.1M | 211.2M | 268.5M | 350.7M | 28.3% | 326.2M | — | — | — |
| Inv CF | -96.5M | -12.0M | -119.1M | -49.3M | — | — | — | — | — |
| Fin CF | -81.7M | -181.4M | -119.1M | -312.8M | — | — | — | — | — |
Above its 200-day average and at its 52-week high.
Swung more than 50% of stocks we rank over the past year (volatility 42% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of EXLS are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| EXLS | ExlService Holdings, Inc.(you) | $6.4B | 92 |
| INGM | Ingram Micro Holding Corporation | $6.4B | 89 |
| EPAM | EPAM Systems, Inc. | $7.0B | 94 |
| SAIC | Science Applications International Corporation | $6.1B | 88 |
| JKHY | Jack Henry & Associates, Inc. | $11.4B | 92 |
| IT | Gartner, Inc. | $14.5B | 95 |
| DXC | DXC Technology Company | $2.6B | 87 |
| CDW | CDW Corporation | $20.6B | 88 |
| CACI | CACI International Inc | $14.0B | 80 |
| LDOS | Leidos Holdings, Inc. | $17.1B | 79 |
Peer medians: ROE 6.0% · P/E 29.2x · Gross margin 52.2%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.