| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 570.35 | 13.8% |
| Total Income | 570.35 | 13.8% |
| Expenditure | 478.53 | 13.2% |
| PBT | 91.40 | 14.0% |
| Net Profit | 67.08 | 0.8% |
| OPM | 16.10% | 0.45pp |
| NPM | 11.76% | 1.52pp |
| EPS | 0.43 | 4.9% |
EXL Reports Q1 2026 Revenue of $570.4 Million, Up 13.8% YoY, Raises Full-Year Guidance
29 Apr 2026 · 29 Apr, 1:44 am
Summary
ExlService Holdings, Inc. reported strong first quarter 2026 results, with revenue increasing by 13.8% year-over-year to $570.4 million. This growth was accompanied by a 20.2% rise in adjusted diluted EPS to $0.58, demonstrating robust operational performance. The company also saw improvements in its operating income margin, reaching 16.1%, and adjusted operating income margin, which stood at 20.5%. Building on this momentum, management expressed confidence by raising its full-year 2026 guidance, now expecting revenue between $2.30 billion and $2.33 billion and adjusted diluted EPS of $2.18 to $2.23. This reflects sustained double-digit growth and strong execution of its data and AI strategy.
Key Highlights
- 1
ExlService Holdings, Inc. reported first quarter 2026 revenue of $570.4 million, marking a 13.8% increase year-over-year on a reported basis.
- 2
GAAP diluted earnings per share for Q1 2026 rose by 5.7% to $0.43, compared to $0.40 in the first quarter of 2025.
- 3
Adjusted diluted EPS (Non-GAAP) for the quarter significantly increased by 20.2% to $0.58 from $0.48 in the prior year's first quarter.
- 4
The company achieved an operating income margin of 16.1% and an adjusted operating income margin of 20.5% for the first quarter of 2026, both showing improvement over the previous year.
- 5
EXL secured 16 new clients during the first quarter of 2026, alongside receiving multiple industry recognitions for its AI and data capabilities.
- 6
For the full year 2026, EXL raised its revenue guidance to a range of $2.30 billion to $2.33 billion, reflecting 10% to 12% year-over-year growth.
- 7
The company also increased its full-year 2026 adjusted diluted earnings per share guidance to $2.18 to $2.23, representing a 12% to 14% increase over 2025.
Management Comments
Rohit Kapoor
We entered 2026 with strong momentum, delivering revenue growth of 14% and increased our adjusted diluted EPS by 20% year-over-year. Our sustained double-digit growth demonstrates the strength of our competitive position as well as strong execution against our data and AI strategy. EXL’s recognized industry expertise and leadership in helping clients adopt AI throughout their enterprise is resonating strongly with the market.
Maurizio Nicolelli
While we remain prudent given the evolving macro-economic environment, our strong first quarter performance and continued business momentum give us the confidence to raise guidance. We now expect full-year 2026 revenue in the range of $2.30 billion to $2.33 billion, up from our prior guidance of $2.275 billion to $2.315 billion, reflecting 10% to 12% year-over-year growth on both a reported and constant currency basis. We now expect adjusted diluted earnings per share of $2.18 to $2.23, a 12% to 14% increase over 2025, up from our prior guidance of $2.14 to $2.19.
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