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EarningsQ2 2026 Earnings Report
EXLS Q2 2026 EPS Results
Actual EPS$0.59
Consensus EPS$0.55
Beat/MissBeat by +$0.04
One Year Ago EPS$0.49
EXLS Q2 2026 Revenue Results
Actual Revenue$594.76M
Expected Revenue$573.94M
Beat/MissBeat by +$20.82M
YoY Revenue Growth+15.61%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeAfter Close
Conference CallTuesday, July 28, 2026
EXLS Upcoming Earnings
Exlservice Holdings's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
EXLS Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes strong top-line and EPS growth, accelerating data-and-AI-led revenue (30% y/y), broad-based segment performance, strategic moves (iMerit acquisition) and strengthened full-year guidance. Offsetting items include margin pressure from increased investments, quarterly gross margin variability, integration risk from the acquisition, and macro/ execution uncertainties that led management to adopt a prudent H2 posture. On balance the positives (revenue/earnings upside, AI differentiation, raised guidance) materially outweigh the near-term lowlights tied to investments and integration risk.Company Guidance
Revenue Growth and Quarterly Results
Q2 revenue of $594.8M–$595M, up ~15.6%-16% year-over-year (15.9% constant currency) and sequential constant-currency growth of 4.4%.
Strong EPS Performance
Adjusted EPS of $0.59 in Q2, up ~22.3% year-over-year; first-half adjusted EPS $1.17, up ~21.3% year-over-year.
Data & AI-Led Momentum
Data and AI-led revenue grew 30% year-over-year in Q2, now representing 61% of total revenue; four-quarter acceleration (18%, 21%, 28%, 30%).
Total Operations Growth
Total operations (digital + AI-led) revenue up ~10% year-over-year; reported digital operations down ~1.5% year-over-year by design as work shifts into higher-value AI-led category.
Segmentary Strength
Broad-based growth across segments: Insurance ~14.9%-15% y/y (Q2 revenue ~$197.8M), Healthcare & Life Sciences ~22% y/y (~$158M), Banking/Capital Markets & Diversified Industries ~10.7%-11% y/y (~$133.9M), International Growth Markets ~16.3% y/y (~$105.1M).
Raised Full-Year Guidance
2026 revenue guidance raised to $2.39B–$2.415B (14%–16% reported growth; ~13%–14% organic constant-currency growth); adjusted EPS guidance raised to $2.25–$2.29 (16%–18% y/y). iMerit expected to contribute ~$28M–$32M of revenue for remaining 5 months.
Strategic Acquisition and IP Expansion
Announced acquisition of iMerit (expected close July 31, 2026) to deepen AI model training/evaluation and expand addressable market into AI tech sectors; ~25% of client revenues touch proprietary IP today.
Operational and Cash Position
First-half revenue $1.17B (up 14.7% y/y); adjusted operating margin H1 20.1% (up 20 bps y/y); cash & investments $284M, revolver $381M, net debt ~$97M; operating cash flow $90M for first six months; share repurchases of $179M in H1 (5.8M shares).
Client Wins and Technical Differentiation
Notable wins: agentic AI go-live at a large national health plan (outperformed a leading hyperscaler), insurance hackathon win, token-optimization work achieving up to ~80% reduction in client token consumption — demonstrating domain + data + AI advantage.
EXLS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed