--- title: "EXLService | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 594.76 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294106706.md" datetime: "2026-07-28T20:05:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294106706.md) - [en](https://longbridge.com/en/news/294106706.md) - [zh-HK](https://longbridge.com/zh-HK/news/294106706.md) --- # EXLService | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 594.76 M Revenue: As of FY2026 Q2, the actual value is USD 594.76 M, beating the estimate of USD 573.95 M. EPS: As of FY2026 Q2, the actual value is USD 0.42, missing the estimate of USD 0.425. EBIT: As of FY2026 Q2, the actual value is USD 89.03 M. ExlService Holdings, Inc. reported its results for the three months ended June 30, 2026. #### Segment Revenue (Q2 2026 vs Q2 2025 vs Q1 2026) - **Insurance:** $197.8 million, up from $172.2 million and $194.0 million, respectively. - **Healthcare and Life Sciences:** $158.0 million, up from $129.5 million and $151.9 million, respectively. - **Banking, Capital Markets and Diversified Industries:** $133.9 million, up from $121.1 million and $127.4 million, respectively. - **International Growth Markets:** $105.1 million, up from $91.7 million and $97.1 million, respectively. #### Gross Profit and Margin (Q2 2026 vs Q2 2025 vs Q1 2026) - **Gross Profit:** $225.963 million, compared to $194.188 million and $216.591 million, respectively. - **Total Gross Margin:** 38.0%, up from 37.7% in Q2 2025 but down from 38.9% in Q1 2026. - **Insurance Gross Margin:** 34.6%, compared to 34.8% and 37.7%, respectively. - **Healthcare and Life Sciences Gross Margin:** 46.9%, compared to 43.5% and 45.3%, respectively. - **Banking, Capital Markets and Diversified Industries Gross Margin:** 34.8%, compared to 37.8% and 36.9%, respectively. - **International Growth Markets Gross Margin:** 35.1%, compared to 35.1% and 34.1%, respectively. #### Operating Income and Margin (Q2 2026 vs Q2 2025 vs Q1 2026) - **GAAP Income from Operations:** $87.295 million, compared to $81.138 million and $91.826 million, respectively. - **GAAP Operating Income Margin:** 14.7%, down from 15.8% and 16.1%, respectively. - **Adjusted Operating Income (Non-GAAP):** $117.078 million, compared to $100.807 million and $117.153 million, respectively. - **Adjusted Operating Income Margin (Non-GAAP):** 19.7%, up from 19.6% in Q2 2025 but down from 20.5% in Q1 2026. #### Net Income (Q2 2026 vs Q2 2025 vs Q1 2026) - **GAAP Net Income:** $64.511 million, compared to $66.051 million and $67.081 million, respectively. - **Adjusted Net Income (Non-GAAP):** $90.798 million, compared to $79.757 million and $90.668 million, respectively. #### Other Operational Metrics (Q2 2026) - **New Clients:** ExlService Holdings, Inc. acquired 17 new clients. - **Acquisitions:** The company agreed to acquire iMerit, with the closing expected on July 31, 2026. - **Partnerships:** ExlService Holdings, Inc. achieved gold status with Databricks, became an OpenAI Services Partner, joined the Claude Partner Network, achieved Snowflake Premier Partner status, and integrated with NVIDIA Transaction Foundation Model. #### Balance Sheet Highlights (as of June 30, 2026 vs December 31, 2025) - **Cash and Cash Equivalents:** $126.722 million, down from $146.326 million. - **Short-term Investments:** $157.102 million, down from $182.041 million. - **Total Current Assets:** $875.282 million, up from $829.957 million. - **Total Assets:** $1,747.887 million, up from $1,702.235 million. - **Current Portion of Long-term Borrowings:** $381.155 million, significantly up from $4.886 million. - **Total Current Liabilities:** $703.646 million, up from $324.125 million. - **Long-term Borrowings, less current portion:** - $0 million, down from $293.712 million. - **Total Liabilities:** $881.645 million, up from $789.530 million. #### Outlook / Guidance for Full Year 2026 ExlService Holdings, Inc. increased its organic full-year revenue growth guidance to 13% to 14%, up from the prior guidance of 10% to 12%. The company now anticipates full-year 2026 total revenue to be between $2.390 billion and $2.415 billion, reflecting 14% to 16% year-over-year growth on a reported basis, which includes an estimated $28.0 million to $32.0 million from the iMerit acquisition. Adjusted diluted earnings per share are projected to be $2.25 to $2.29, representing a 16% to 18% increase over 2025. ### Related Stocks - [EXLS.US](https://longbridge.com/en/quote/EXLS.US.md) ## Related News & Research - [EXLS: Q2 2026 revenue rose 15.6% to $594.8M, net income fell 2.3%, and iMerit acquisition was announced](https://longbridge.com/en/news/294108888.md) - [ExlService Holdings (EXLS) Refreshes Its Board, Is The Stock Still Undervalued?](https://longbridge.com/en/news/293846981.md) - [What to Expect From Ulta Beauty’s Q2 2026 Earnings Report](https://longbridge.com/en/news/293941254.md) - [Hercules Capital declares Q2 2026 cash distribution of $0.47 per share](https://longbridge.com/en/news/294045773.md) - [Vamos updates financial calendar for 2026 reporting and investor events](https://longbridge.com/en/news/294112893.md)