Welcome to our dedicated page for ExlService Holdings SEC filings (Ticker: EXLS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
ExlService Holdings, Inc. filings document the company’s public-company disclosures as a data and AI services provider. Form 8-K reports cover operating and financial results, earnings releases, guidance-related exhibits, material-event disclosures, material agreements, and capital-structure actions involving the company’s common stock.
The company’s proxy materials describe annual meeting matters, shareholder voting items, board composition, committee oversight, executive compensation, governance practices, and stockholder proposals when applicable. Recent filing categories also include disclosures related to accelerated share repurchase agreements, common stock repurchase activity, available funding sources, and governance matters connected to director service and board oversight.
ExlService Holdings executive Ajay Ayyappan, EVP and General Counsel/Corporate Secretary, sold 1,197 shares of common stock in an open-market transaction at $29.79 per share. The filing states this sale was made under a pre-arranged Rule 10b5-1 trading plan entered on August 11, 2025, and Ayyappan now directly holds 53,901 shares of ExlService common stock.
ExlService Holdings, Inc. files its annual report describing a global data and AI-focused business that helps clients in insurance, healthcare and life sciences, banking, capital markets, diversified industries and international growth markets transform operations and decision-making.
In 2025 the company reorganized into four Industry Market Units—Insurance, Healthcare and Life Sciences, Banking, Capital Markets and Diversified Industries, and International Growth Markets—supported by Strategic Growth Units, and now reports revenue as data and AI-led solutions and services and digital operations solutions and services. EXL serves about 590 clients, has over 65,000 employees across six continents, and continues to expand its patent portfolio.
Key risks highlighted include rapid technological change and competition in AI, longer and more complex sales cycles for AI offerings, talent attraction and retention challenges, rising wage costs, cybersecurity and data privacy exposures, reliance on key vendors and partners, client concentration, acquisition execution risk, and evolving global tax and regulatory regimes.
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. President Vikas Bhalla reported equity compensation and related tax transactions in company stock. On February 19, 2026, he was granted 45,324 restricted stock units (RSUs), each representing a right to receive one share of common stock, vesting in four equal annual installments starting February 19, 2027, with potential acceleration upon certain terminations or a Change in Control.
On February 20, 2026, 6,849 RSUs were converted into an equal number of common shares at no cost, increasing his direct holdings to 162,124 shares before tax settlement. On the same date, 2,672 shares of common stock were disposed of at $30.41 per share to cover tax liabilities, leaving 159,452 common shares held directly.
ExlService Holdings Executive Vice President Vishal Chhibbar reported equity compensation transactions and related tax withholding in company stock. On February 19, 2026, he was granted 27,192 restricted stock units (RSUs), each representing a right to receive one common share and vesting in four equal annual installments beginning February 19, 2027, with accelerated vesting possible upon certain employment terminations or a Change in Control.
On February 20, 2026, 4,004 RSUs were converted into 4,004 shares of common stock at no exercise price, and 2,427 shares were disposed of at $30.41 per share to satisfy tax withholding obligations, leaving 8,953 shares of common stock held directly after these transactions.
ExlService Holdings, Inc. Chairman and CEO Rohit Kapoor reported new equity awards and a vesting-related share conversion. On February 19, 2026, he received a grant of 158,628 restricted stock units, each representing a contingent right to one share of common stock.
These restricted stock units vest in four equal annual installments beginning on February 19, 2027, with vesting accelerated upon certain termination events and upon a Change in Control under the company’s 2025 Omnibus Incentive Plan. On February 20, 2026, 24,236 restricted stock units from a prior 96,944-unit grant converted into an equal number of common shares at no cost, increasing his directly held common stock to 1,288,689 shares and leaving 72,708 restricted stock units outstanding.
Additional common stock is held indirectly through several family trusts, including the 2016 Kapoor Family Trusts, the Rohit Kapoor Spousal Lifetime Access Trust, the Shikha Kapoor 2005 Family Trust, and the Rohit Kapoor 2016 Family Trust, as well as shares owned by Rohit Kapoor personally.
ExlService Holdings EVP & General Counsel Ajay Ayyappan reported equity compensation activity and related tax withholding. On February 19, 2026, he was granted 18,766 restricted stock units (RSUs), each representing the right to receive one common share upon settlement and subject to four equal annual vesting installments beginning February 19, 2027, with accelerated vesting upon certain termination events or a change in control.
On February 20, 2026, 2,845 RSUs were converted into 2,845 shares of common stock at no cost, increasing his directly held common stock to 56,613 shares before tax withholding. Also on that date, 1,515 shares of common stock were disposed of at $30.41 per share to satisfy tax obligations using the Nasdaq Global Select Market closing price, leaving 55,098 shares of common stock held directly after the withholding transaction.
ExlService Holdings Executive Vice President Narasimha Kini reported equity transactions involving restricted stock units and common stock. On February 19, 2026, he received a grant of 27,192 restricted stock units, each representing a right to one share of common stock that will vest in four equal annual installments beginning on February 19, 2027, with potential acceleration upon certain employment terminations or a change in control. On February 20, 2026, 4,215 restricted stock units were converted into the same number of common shares, and 2,152 common shares were disposed of at $30.41 per share to cover tax obligations. After these transactions, Kini directly held 209,014 shares of common stock and 12,645 restricted stock units from this award, alongside an earlier grant of 16,860 restricted stock units from June 17, 2025 that vests in four annual installments starting on February 20, 2026.
ExlService Holdings Executive Vice President & CFO Maurizio Nicolelli reported equity compensation and related tax withholding transactions. On February 19, 2026, he was granted 27,192 restricted stock units, each representing a right to receive one share of common stock. These RSUs will vest in four equal annual installments beginning on February 19, 2027, with vesting accelerated upon certain termination events and upon a Change in Control, as defined in the company’s 2025 Omnibus Incentive Plan.
On February 20, 2026, 4,215 restricted stock units were converted into 4,215 shares of common stock at no exercise price, increasing his directly owned common shares. Also on that date, 1,659 shares of common stock were disposed of at $30.41 per share to satisfy tax withholding obligations in connection with equity awards.
ExlService Holdings president Vivek Jetley reported several equity compensation transactions. On February 19, 2026, he received a grant of 45,324 restricted stock units (RSUs), each representing a contingent right to one share of common stock, vesting in four equal annual installments beginning on February 19, 2027, with certain accelerated vesting on specified termination events or a Change in Control.
On February 20, 2026, 6,849 RSUs were converted into the same number of common shares at no cost, and 3,788 shares of common stock were disposed of at $30.4100 per share to satisfy tax withholding obligations. After these transactions, he held 421,893 shares of ExlService common stock directly.