ExlService Holdings, Inc. SEC Filings

EXLService Holdings, Inc. insider Vikas Bhalla filed a Form 144 indicating an intent to sell 11,000 shares of common stock through Fidelity Brokerage Services LLC on or after August 3, 2026 on NASDAQ. These 11,000 shares were acquired on January 27, 2025 via restricted stock vesting from the issuer as compensation. The filing also lists prior sales of 12,000 shares on June 4, 2026 for $362,640.00 and 12,000 shares on July 1, 2026 for $317,640.00.

ExlService Holdings, Inc. reported higher revenue but roughly flat profitability for the quarter and six months ended June 30, 2026. Revenues, net for the quarter rose to 594,763 from 514,460 a year earlier, while net income was 64,511 versus 66,051; diluted EPS increased to $0.42 from $0.40 as the share count declined.

Growth was driven by data and AI-led services, with quarterly revenue of 362,558 compared with 278,770, while digital operations revenue was 232,205 versus 235,690. All geographic regions and industry verticals contributed to the revenue increase. For the first half of 2026, revenues, net were 1,165,114 and net income was 131,592.

Cash, cash equivalents and restricted cash were 146,772 as of June 30, 2026. Net cash provided by operating activities for the first half was 89,611, with significant cash outflows for share repurchases: 5,801,580 shares bought for 179,254 under repurchase programs plus 129,695 shares from employee tax withholding. Total borrowings increased to 381,155, primarily a 290,000 revolving credit facility and a 91,155 term loan, now largely classified as current as the company works to refinance its 2024 Credit Agreement.

Stockholders’ equity declined to 866,242 from 912,705 at year-end, reflecting repurchases and a larger accumulated other comprehensive loss driven by cash flow hedge and currency translation impacts. ExlService also agreed to acquire iMerit Inc. for upfront cash consideration of 170,000 plus up to 140,000 in potential earnouts, expected to close July 31, 2026.

ExlService Holdings, Inc. reported second quarter 2026 revenue of $594.8 million, up 15.6% year-over-year, with net income of $64.5 million and diluted EPS of $0.42 compared with $0.40 a year earlier. Adjusted diluted EPS rose to $0.59 from $0.49, and adjusted operating margin was 19.7%.

All four reportable segments increased revenue versus the prior year, and adjusted EBITDA was $128,424 with a 21.6% margin. The company won 17 new clients and agreed to acquire iMerit, expecting $28.0–$32.0 million of 2026 revenue from the acquisition, which is expected to close on July 31, 2026.

Based on current visibility and exchange rates, ExlService now expects 2026 revenue of $2.390–$2.415 billion, representing 14%–16% reported growth, including 13%–14% organic constant-currency growth, and adjusted diluted EPS of $2.25–$2.29, a 16%–18% increase over 2025. Management increased both revenue and adjusted EPS guidance ranges versus prior guidance.

ExlService Holdings, Inc. Executive Vice President Narasimha Kini reported an exempt acquisition of 606 shares of common stock on 2026-06-30 at $23.27 per share, obtained through the company’s 2022 Employee Stock Purchase Plan. After this acquisition, he directly holds 212,354 shares of ExlService common stock.

ExlService Holdings, Inc. reports that Executive Vice President & CFO Maurizio Nicolelli acquired 606.0000 shares of common stock on June 30, 2026 at $23.2700 per share. The exempt purchase, made through the 2022 Employee Stock Purchase Plan, increased his direct holdings to 254975.0000 shares.

ExlService Holdings, Inc. president Vivek Jetley acquired 606 shares of common stock on June 30, 2026 at $23.27 per share in an exempt acquisition under the ExlService Holdings, Inc. 2022 Employee Stock Purchase Plan, increasing his direct holdings to 426,780 shares. The transaction was voluntarily reported and not marked as pursuant to a Rule 10b5-1 trading plan.

ExlService Holdings, Inc. appointed Bina Mehta to its Board of Directors as an independent director effective July 16, 2026. She will serve until a successor is elected or earlier departure and will sit on the Audit Committee and the Compensation and Talent Management Committee. The company states there are no selection arrangements or related-party transactions involving Mehta, and she will receive the standard compensation for non-employee directors.

The company also describes a board leadership transition under which Sarah K. Williamson will assume the role of lead independent director by the end of 2026, succeeding Vikram Pandit, who will remain on the board as an independent director. EXL notes the extensive finance, governance and transformation experience that Mehta and Williamson bring as it continues to expand its data and AI capabilities.

Mehta Kamini H reported acquisition or exercise transactions in this Form 4 filing.

ExlService Holdings, Inc. director Kamini H Mehta received a grant of 7,705 restricted stock units linked to the company’s common stock. Each unit represents a right to one share and vests upon the earlier of the first anniversary, specified board-term events, or a Change in Control, with settlement tied to defined separation or control-change triggers.

ExlService Holdings, Inc. lists Kamini H Mehta as a reporting person and director. The insider disclosure shows no share purchases, sales, or derivative transactions, with all transaction counts at zero. A remark also notes that Mr. Ayyappan serves as the company’s General Counsel.