Every material Form 8-K EXL Service has filed with the SEC since October 29, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
ExlService reported third-quarter 2026 revenue of $634.0 million, up 19.7% from a year earlier, and GAAP diluted EPS of $0.45, up 25.3%. The company raised its full-year 2026 revenue and adjusted EPS guidance, which signals stronger expected results for shareholders.
Q3 2026 revenue of $634.0 million, up 19.7% year-over-year and 6.6% sequentially
Q3 GAAP diluted EPS of $0.45 vs. $0.36 a year earlier; adjusted diluted EPS of $0.62 vs. $0.48
Full-year 2026 revenue guidance raised to $2.430 billion to $2.440 billion from $2.390 billion to $2.415 billion
Full-year adjusted diluted EPS guidance raised to $2.34 to $2.36 from $2.25 to $2.29
ExlService Holdings said its president and head of Insurance, Healthcare and Life Sciences, Vivek Jetley, will resign effective October 26, 2026 to become chief executive of Hexaware Technologies Limited. The filing says the departure was not due to any disagreement with the company, and his duties will be taken over by other members of management.
Vivek Jetley notified the company on August 31, 2026 of his resignation, effective October 26, 2026.
He will remain in his current role and help with an orderly transition until his departure.
Chairman and CEO Rohit Kapoor thanked Jetley and said the company has a deep bench of talent.
The filing states the resignation did not result from any disagreement with the company, its board or management.
On August 18, 2026, EXL entered a $1 billion senior secured credit facility with PNC Bank as administrative agent, consisting of a $600 million revolver and a $400 million term loan that mature August 18, 2031. The company used the proceeds to repay about $532,678,050 under its Citibank credit agreement, which it terminated with no early termination penalties. The larger facility increases borrowing capacity and covenant flexibility, with proceeds available for working capital, acquisitions and share buybacks.
Facilities total $1 billion: a $600 million revolving credit facility and a $400 million term loan, both maturing August 18, 2031
Repaid about $532,678,050 under the Citibank credit agreement, terminated with no early termination penalties
Borrowings bear interest at Term SOFR or Daily Simple SOFR plus a 1.00% to 1.75% margin, set by total net leverage
Covenants require interest coverage of at least 3.00 to 1.00 and total net leverage of no more than 3.50 to 1.00; obligations are secured by substantially all company assets
EXL reported second-quarter 2026 revenue of $594.8 million, up 15.6% from a year earlier, and raised its full-year 2026 guidance. The company now expects total revenue of $2.390 billion to $2.415 billion, up from $2.30 billion to $2.33 billion, and adjusted diluted EPS of $2.25 to $2.29, up from $2.18 to $2.23. Operating income margin slipped to 14.7% from 15.8%, and GAAP net income was $64.5 million versus $66.1 million a year earlier.
Q2 2026 revenue was $594.8 million, up 15.6% year over year; adjusted diluted EPS was $0.59, up from $0.49.
Full-year 2026 revenue guidance raised to $2.390 billion to $2.415 billion, including $28.0 million to $32.0 million from the iMerit acquisition expected to close July 31, 2026.
Organic constant-currency revenue growth guidance raised to 13% to 14% from 10% to 12%.
Adjusted diluted EPS guidance raised to $2.25 to $2.29 from $2.18 to $2.23; GAAP diluted EPS was $0.42 versus $0.40 a year earlier.
ExlService Holdings' board elected Bina Mehta, former Chair of KPMG UK, as an independent director effective July 16, 2026, with seats on the Audit and Compensation and Talent Management committees. The company also said Sarah K. Williamson will succeed Vikram Pandit as lead independent director by the end of 2026, with Pandit staying on the board. The filing describes board composition changes and no financial results.
Bina Mehta elected director effective July 16, 2026; appointed to Audit Committee and Compensation and Talent Management Committee
Mehta was Chair of KPMG UK from 2021 to 2026; she is determined to be independent under SEC and Nasdaq rules
Sarah K. Williamson to assume lead independent director role by end of 2026, succeeding Vikram Pandit, who remains a director
EXL appointed Bhupender Singh as President and Head of International Growth Markets, effective May 11, 2026. He will be based in London, report to Chairman and CEO Rohit Kapoor, and lead growth in the EMEA and APAC regions. The filing discloses his pay package, which includes an initial equity grant, but no financial results.
Singh reports to Rohit Kapoor, chairman and chief executive officer, and will sit on the executive committee.
Annual base salary is £447,761, with a discretionary target bonus of 90% of base salary.
Initial restricted stock unit grant has a fair market value of £1,791,044 and vests annually over four years.
Singh was president and Co-Chief Executive Officer of Teleperformance SE until September 2024.
EXL reported first-quarter 2026 revenue of $570.4 million, up 13.8% from a year earlier, and GAAP diluted EPS of $0.43, up from $0.40. The company raised its full-year 2026 guidance for both revenue and adjusted diluted EPS, which signals management's expectation of stronger results for the year.
Q1 2026 revenue was $570.4 million, up 13.8% from $501.0 million (13.4% on a constant currency basis).
GAAP diluted EPS was $0.43 versus $0.40; adjusted diluted EPS was $0.58 versus $0.48.
Full-year 2026 revenue guidance raised to $2.30 billion to $2.33 billion from $2.275 billion to $2.315 billion.
Adjusted diluted EPS guidance raised to $2.18 to $2.23 from $2.14 to $2.19; conference call set for April 29, 2026 at 10:00 A.M. ET.
ExlService Holdings entered a $125 million fixed dollar accelerated share repurchase with Morgan Stanley on March 16, 2026, part of a $500 million buyback authorized by the Board in February 2026. The company also disclosed that director Nitin Sahney will leave the Board at the 2026 annual meeting, stating his decision did not arise from any disagreement with the company.
$125 million paid to Morgan Stanley under the ASR; initial delivery of 3,346,720 shares on March 17, 2026, valued at about $100 million
Final settlement expected no later than the second quarter of 2026; final share count to be determined at settlement
Director Nitin Sahney will not stand for re-election and will resign from the Board at the 2026 annual meeting
Company is funding the buyback with cash on hand and borrowings under its existing credit facility
EXL reported fourth-quarter and full-year 2025 results, with revenue and earnings per share both up year over year. The company also issued 2026 guidance calling for revenue growth of 9% to 11%, and its board authorized a $500 million share repurchase program effective February 28, 2026.
Q4 2025 revenue was $542.6 million, up 12.7% from $481.4 million a year earlier; Q4 GAAP diluted EPS was $0.38, up from $0.31.
Full-year 2025 revenue was $2.09 billion, up 13.6%; GAAP diluted EPS was $1.54, up 28.0% from $1.21.
2026 guidance: revenue of $2.275 billion to $2.315 billion and adjusted diluted EPS of $2.14 to $2.19.
Board authorized a $500 million common stock repurchase program, effective February 28, 2026, for a two-year period.
EXL reported third-quarter 2025 results, with revenue up 12.2% year over year to $529.6 million and GAAP diluted EPS up 10.7% to $0.36. The company raised its full-year 2025 guidance for both revenue and adjusted diluted EPS, which points to stronger expected growth for shareholders, though operating income margin slipped to 14.4% from 14.7% a year earlier.
Q3 revenue of $529.6 million, up from $472.1 million in Q3 2024 (12.2% reported growth)
GAAP diluted EPS of $0.36 vs. $0.33 a year earlier; adjusted diluted EPS of $0.48 vs. $0.44
2025 revenue guidance raised to $2.07 billion to $2.08 billion; adjusted diluted EPS guidance raised to $1.88 to $1.92
Operating income margin of 14.4%, down from 14.7% in Q3 2024; conference call set for October 29, 2025 at 10:00 A.M. ET
ExlService Holdings' Board elected Patrick Geraghty as an independent director effective October 15, 2025, and he joins the Audit Committee and Nominating and Governance Committee. Geraghty previously served as President and Chief Executive Officer of GuideWell, a healthcare insurer, and the filing describes no financial results or transactions tied to this appointment.
Board elected Patrick Geraghty as a director effective October 15, 2025; company press release dated October 20, 2025
Geraghty joins the Audit Committee and Nominating and Governance Committee and was determined to be independent under SEC and Nasdaq rules
Geraghty was President and CEO of GuideWell, a healthcare insurer serving more than 45 million people, for 14 years
Filing reports no related-party transactions with Geraghty requiring disclosure under Item 404(a)
EXL reported second-quarter 2025 revenue of $514.5 million, up 14.7% from a year earlier, and raised its full-year 2025 revenue and adjusted diluted EPS guidance. The company also agreed on July 29, 2025 to pay Citibank $125 million under an accelerated share repurchase, part of its $500 million buyback program.
Q2 2025 revenue of $514.5 million, up 14.7%; diluted EPS of $0.40 versus $0.28, and adjusted diluted EPS of $0.49 versus $0.40
2025 revenue guidance raised to $2.050 billion to $2.070 billion from $2.035 billion to $2.065 billion
2025 adjusted diluted EPS guidance raised to $1.86 to $1.90 from $1.83 to $1.89
Adjusted operating income margin was 19.6%, down from 19.8% a year earlier; $125 million accelerated share repurchase with Citibank under the $500 million program
At its June 17, 2025 annual meeting, ExlService Holdings stockholders approved the 2025 Omnibus Incentive Plan, which reserves 6,800,000 shares of common stock for various types of equity and cash awards. Stockholders also elected seven directors, ratified Deloitte & Touche LLP as auditor for fiscal 2025, and approved executive pay on a non-binding advisory basis.
Omnibus Incentive Plan approved with 138,933,877 votes for and 4,507,081 against, plus 461,809 abstentions and 6,745,298 broker non-votes
All seven director nominees elected to one-year terms, including Rohit Kapoor with 141,707,623 votes for
Say-on-Pay advisory vote approved with 137,444,862 votes for and 5,699,303 against
Deloitte & Touche LLP ratified as independent auditor for fiscal year 2025 with 150,446,313 votes for
ExlService Holdings said director Jaynie Studenmund will not stand for re-election at the 2025 annual meeting and will leave the board then. The company said her decision did not arise from any disagreement with management or the board on operations, policies or practices. The change is a board departure with no reported financial figures, so it has no direct effect on reported results.
Studenmund notified the board on March 12, 2025 of her decision not to stand for re-election.
She will serve out her current term through June 2025, per the press release.
She served on the Audit and Compensation and Talent Management committees and chaired the latter.
Chairman and CEO Rohit Kapoor said stockholder value grew over 350% during her tenure on the board.
EXL reported fourth-quarter 2024 revenue of $481.4 million, up 16.3% from a year earlier, and GAAP diluted EPS of $0.31, up from $0.24. For full-year 2024, revenue was $1.84 billion, up 12.7%, and GAAP diluted EPS was $1.21, up from $1.10. The company guided to 2025 revenue of $2.025 billion to $2.060 billion and adjusted diluted EPS of $1.83 to $1.89, implying growth of 10% to 12% and 11% to 14%, respectively.
Q4 2024 revenue $481.4 million, up 16.3%; GAAP diluted EPS $0.31 vs. $0.24; adjusted diluted EPS $0.44 vs. $0.35
Full-year 2024 revenue $1.84 billion, up 12.7%; GAAP diluted EPS $1.21 vs. $1.10; adjusted diluted EPS $1.65 vs. $1.43
2025 guidance: revenue $2.025 billion to $2.060 billion; adjusted diluted EPS $1.83 to $1.89
New reporting segments and an updated operating model take effect in Q1 2025; conference call set for February 26, 2025 at 10:00 A.M. ET
EXL reported third-quarter 2024 revenue of $472.1 million, up 14.9% from a year earlier, and GAAP diluted EPS of $0.33, up 24.2%. The company raised its full-year 2024 guidance for revenue to $1.825 billion to $1.835 billion and for adjusted diluted EPS to $1.61 to $1.63, which gives shareholders a higher outlook than before.
Q3 2024 revenue was $472.1 million, up 14.9% year over year and up 5.3% sequentially on a reported basis.
Q3 2024 GAAP diluted EPS was $0.33, up from $0.26 in Q3 2023; adjusted diluted EPS was $0.44, up from $0.37.
Full-year 2024 revenue guidance was raised to $1.825 billion to $1.835 billion, from $1.805 billion to $1.830 billion.
Full-year 2024 adjusted diluted EPS guidance was raised to $1.61 to $1.63, from $1.59 to $1.62.
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