Stocktoria
ExlService Holdings, Inc. EXLS
ExlService Holdings, Inc. (EXLS) earns a Piotroski F-score of 8/9 (strong financial health), with an Altman Z″ in the safe zone. It does not currently pay a dividend. FY2025 revenue was $2.1B at a 12.0% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.68 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-06-25 | Barrington Research | Outperform (main) |
| 2026-04-30 | Barrington Research | Outperform (up) |
| 2026-04-30 | JP Morgan | Overweight (main) |
| 2026-02-26 | TD Cowen | Buy (main) |
| 2026-02-26 | Stifel | Buy (main) |
| 2026-02-26 | Needham | Buy (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Services · percentile among 982 companies
Percentile vs other Services companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 8/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · safe zone
| Component | Value |
|---|---|
| Working capital / assets | 0.297 |
| Retained earnings / assets | 0.901 |
| EBIT / assets | 0.184 |
| Equity / liabilities | 1.156 |
Sector peers · similar-size Services companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| EXLS | ExlService Holdings, Inc. | 8/9 | 7.34 | 15.8 | +13.6% |
| FICO | FAIR ISAAC CORP | 6/9 | 10.26 | 42.1 | +15.9% |
| ALIT | Alight, Inc. / Delaware | 4/9 | -6.53 | — | -3% |
| WSE | Wise Group plc | 4/9 | 0.82 | 24.8 | +22.5% |
| PSFE | Paysafe Ltd | 3/9 | -0.92 | — | -0.2% |
| Z | ZILLOW GROUP, INC. | 6/9 | 6.96 | 331.4 | +15.5% |
| TIC | TIC Solutions, Inc. | 2/9 | 1.91 | — | — |
About ExlService Holdings, Inc.
ExlService Holdings, Inc., operates as a data and artificial intelligence (AI) company in the North America, the United Kingdom, Europe, and internationally. The company operates through Insurance; Healthcare and Life Sciences; Banking, Capital Markets, and Diversified Industries; and International Growth Markets. It provides digital operations and solutions and analytics-driven services, such as claims management, premium and benefit administration, agency management, account reconciliation, actuarial and risk analytics, policy research, digital marketing, underwriting support, new business acquisition, policy servicing, audit, surveys, billing and collection, commercial and residential survey, and customer service; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and Life Digital Suite platforms; and Subrosource software platform, an end-to-end subrogation platform. The company also offers health care services for care, utilization, and disease management; payment integrity; revenue optimization, customer engagement, and commercial analytics and regulatory support services; and digital operations and solutions. In addition, it provides financial planning and analysis, accounting, regulatory and statutory reporting, decision support, data management, and compliance services; consumer and commercial banking, credit card and payment services; fintech, wealth and retirement services; capital markets, utilities, retail and consumer packaged goods, communications, media and entertainment, travel and leisure, transportation and logistics, infrastructure, and other business services; property and casualty insurance, life insurance, disability insurance; and insurance brokers, reinsurers, annuity and retirement services. The company was founded in 1999 and is headquartered in New York, New York.
FAQ
Is EXLS financially healthy?
ExlService Holdings, Inc.'s Piotroski F-score is 8/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the safe zone.
Does EXLS pay a dividend?
No, ExlService Holdings, Inc. does not currently pay a dividend.
How profitable is EXLS?
In FY2025, ExlService Holdings, Inc. had a net margin of 12.0% and a return on equity of 27.5%.
Is EXLS overvalued or undervalued?
ExlService Holdings, Inc. trades at about 22.3× trailing earnings — below its 10-year norm (10-year range 25.4×–43.7×, median 36.0×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for EXLS?
The average Wall-Street price target for ExlService Holdings, Inc. is $41.75, about 21.6% above the recent price, from 8 analysts (consensus: buy).
Is EXLS a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on ExlService Holdings, Inc.: a Piotroski F-score of 8/9, an Altman Z″ in the safe zone, a P/E of about 15.8×. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.