ExlService Holdings Inc
Research ExlService Holdings Inc (EXLS) on Bullrun: valuation model: 4.0% undervalued, market cap USD 5.68B, P/E 23.6. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerEXLS
- ExchangeNASDAQ
- CountryUnited States
- SectorTechnology
- IndustryInformation Technology Services
- CurrencyUSD
- Valuation signal4.0% undervalued
- Market capUSD 5.68B
- P/E23.6
- Financial periodQ2 2026
- RevenueUSD 594.76M
- Net incomeUSD 64.51M
- Free cash flowUSD 73.39M
- Gross margin38.0%
Valuation Snapshot
Bullrun's latest valuation model marks ExlService Holdings Inc as 4.0% undervalued; latest market cap is USD 5.68B; P/E is 23.6.
Peer valuation comparison
Latest P/E is 23.6x versus a Technology sector median of 28.57x (17.4% below).
Latest P/E is 23.6x versus a United States median of 24.87x (5.1% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 2.09B | USD 251.00M | USD 298.12M | 38.4% | 1.54 | USD 146.33M | USD 298.60M | USD 912.71M |
| FY2024 | USD 1.84B | USD 198.30M | USD 222.26M | 37.6% | 1.21 | USD 153.36M | USD 288.48M | USD 929.86M |
| FY2023 | USD 1.63B | USD 184.60M | USD 158.40M | 37.3% | 1.1 | USD 136.95M | USD 200.00M | USD 889.44M |
| FY2022 | USD 1.41B | USD 143.00M | USD 121.31M | 36.5% | 0.85 | USD 118.67M | USD 250.00M | USD 758.18M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 5.68B | 23.6 | n/a | n/a |
| 2025 | 2025-12-31 | USD 6.64B | 27.6 | n/a | n/a |
| 2024 | 2024-12-31 | USD 7.18B | 36.7 | n/a | n/a |
| 2023 | 2023-12-29 | USD 5.09B | 29.7 | n/a | n/a |
| 2022 | 2022-12-30 | USD 5.60B | 41.3 | n/a | n/a |
| 2021 | 2021-12-31 | USD 4.82B | 43.2 | n/a | n/a |
About ExlService Holdings Inc
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.
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Frequently asked questions
Is ExlService Holdings Inc overvalued or undervalued?
Bullrun's valuation model currently marks ExlService Holdings Inc as 4.0% undervalued.
What is ExlService Holdings Inc's market cap?
ExlService Holdings Inc's market capitalization is USD 5.68B.
What is ExlService Holdings Inc's P/E ratio?
ExlService Holdings Inc's price-to-earnings (P/E) ratio is 23.6.
What does ExlService Holdings Inc do?
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.