Every 8-K that ExlService Holdings, Inc. (EXLS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow EXLS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EXLS filings page.
ExlService Holdings, Inc. (EXLS) announced that Vivek Jetley, President and Head of Insurance, Healthcare and Life Sciences, has notified the company of his intention to resign from his positions, effective October 26, 2026. He is leaving to become Chief Executive Officer of Hexaware Technologies Limited.
The company states that Jetley’s resignation is not due to any disagreement with ExlService, its board, or management regarding operations, policies, or practices. Until his departure, he will continue in his current role and assist with an orderly transition, after which his responsibilities will be assumed by other members of the management team. EXL highlights its strong leadership bench and ongoing focus on its data and AI strategy.
ExlService Holdings, Inc. (EXLS) entered into a new senior secured credit agreement with a syndicate of banks providing a $600,000,000 Revolving Credit Facility and a $400,000,000 Term Loan Facility, together allowing borrowings of up to $1 billion. Both facilities mature on August 18, 2031 and include an incremental “accordion” capacity tied to the greater of $470,000,000 or 100% of EBITDA, subject to conditions.
Borrowings bear interest at Term SOFR or Daily Simple SOFR plus a margin of 1.00%–1.75%, or an Alternate Base Rate plus 0.00%–0.75%, with margins and a 0.125%–0.25% revolver commitment fee set by the Total Net Leverage Ratio. The term loan amortizes at $2,500,000 per quarter from September 30, 2026 through June 30, 2028 and $5,000,000 per quarter from September 30, 2028 through June 30, 2031, with the remainder due at maturity.
The facilities are guaranteed by wholly owned material domestic subsidiaries and secured by substantially all assets of EXLS and the guarantors. Financial covenants require a minimum Interest Coverage Ratio of 3.00x and a maximum Total Net Leverage Ratio of 3.50x, temporarily increaseable to 4.00x for certain acquisitions. EXLS used the new facilities to repay approximately $532,678,050 and terminate its prior Citibank-led credit agreement, and states that ongoing availability will support working capital, general corporate purposes, permitted acquisitions and share buybacks.
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. 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.
ExlService Holdings, Inc. has signed a definitive agreement for its subsidiary Clairvoyant AI, Inc. to acquire iMerit Inc., a specialist in AI model training and reinforcement learning, in a transaction valued at up to $310 million in upfront and future consideration.
The deal includes $170 million in upfront cash, subject to debt, cash and working capital adjustments, plus up to $140 million in cash incentives and earnouts over two years tied to specified milestones. A portion of the consideration will be held in escrow for working capital and indemnification matters.
The transaction is expected to close in the third quarter of 2026, subject to customary conditions including antitrust waiting-period expiration or termination. EXL expects to fund the purchase using cash on hand and borrowings under its credit facility, and plans to integrate iMerit’s Ango platform and Scholars expert network into EXL’s AI platforms to expand its enterprise AI capabilities.
ExlService Holdings, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on June 16, 2026. Stockholders elected seven directors to one-year terms ending at the 2027 annual meeting.
They also approved the ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2026 and approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers (Say-on-Pay).
ExlService Holdings, Inc. has appointed Bhupender Singh as President and Head of International Growth Markets, effective May 11, 2026. He will be based in London and focus on accelerating growth across EMEA and APAC.
Under his service agreement with ExlService (UK) Limited, Singh will receive an annual base salary of £447,761 and a discretionary target bonus equal to 90% of base salary, subject to the Compensation Committee’s discretion. He also received an initial grant of restricted stock units with a fair market value of £1,791,044, vesting annually over four years under the company’s 2025 Omnibus Incentive Plan.
Singh brings more than 25 years of senior leadership experience, including roles as President and Co-CEO of Teleperformance SE, where he helped oversee a business operating in 93 countries, serving over 2,000 clients and delivering revenues exceeding €10 billion. EXL highlighted his track record in scaling global technology-enabled services and his role on the executive committee reporting to the CEO.
ExlService Holdings reported strong first-quarter 2026 results and raised its full-year outlook. Revenue reached $570.4 million, up 13.8% year-over-year and 5.1% sequentially, with gross margin at 38.9%. GAAP diluted EPS was $0.43, up from $0.40 a year ago, while adjusted diluted EPS rose to $0.58 from $0.48, a 20.2% increase.
Operating income margin improved to 16.1%, and adjusted operating income margin rose to 20.5%. Adjusted EBITDA was $127.9 million with a 22.4% margin. All four reportable segments contributed, led by Healthcare and Life Sciences with a 45.3% gross margin. The company won 16 new clients and received multiple AI-related partner awards from NVIDIA, AWS, Genesys, and Google Cloud.
Management raised 2026 guidance, now expecting full-year revenue of $2.30 billion to $2.33 billion, representing 10% to 12% growth on both a reported and constant currency basis. Adjusted diluted EPS is now projected at $2.18 to $2.23, a 12% to 14% increase over 2025.
ExlService Holdings, Inc. entered into a fixed dollar accelerated share repurchase transaction with Morgan Stanley to buy back $125 million of its common stock, as part of a broader $500 million repurchase authorization. The company prepaid $125 million and initially received 3,346,720 shares, representing approximately $100 million based on the March 16, 2026 closing price. The final share count will depend on the Rule 10b-18 volume-weighted average price during a valuation period, with settlement expected no later than the second quarter of 2026 and flexible share or cash settlement mechanics. The repurchase is being funded with cash on hand and borrowings under the existing credit facility. The company also disclosed that director Nitin Sahney will not stand for re-election at the 2026 annual meeting, and his decision is not due to any disagreement with the company or its leadership.
ExlService Holdings delivered another year of strong growth in 2025, with revenue rising to $2.09 billion, up 13.6% from 2024, and Q4 revenue reaching $542.6 million, up 12.7%. Full-year diluted EPS increased to $1.54 from $1.21, while adjusted diluted EPS grew to $1.95 from $1.65.
For 2026, the company targets revenue of $2.275–$2.315 billion, implying 9–11% growth, and adjusted diluted EPS of $2.14–$2.19, up 10–12%. The board also authorized a new $500 million share repurchase program over two years, signaling confidence in cash generation.
ExlService Holdings, Inc. repurchased 1,551,970 shares of its common stock from Orogen Echo LLC, an affiliate of the Orogen group, for an aggregate purchase price of $63,373,143. This is a direct share buyback from a single large holder, which typically reduces the amount of stock held by outside investors and can concentrate ownership among remaining shareholders. The transaction occurred on December 15, 2025, and the company also issued a press release describing the repurchase.
ExlService Holdings, Inc. furnished an update on its business performance by reporting results of operations for the three months ended September 30, 2025. The company provided these details through a press release dated October 28, 2025, which is included as Exhibit 99.1.
The press release, incorporated by reference in this report, offers more information on the company’s financial condition and operating results for that period. The information in this item and Exhibit 99.1 is being furnished rather than filed under securities law provisions.