EXL Q3 Revenue Up 19.7% to $634M; Full-Year Guidance Raised Again
EXLS sits 73% above its 52-week low of $24.85 on elevated volume (1.9× avg).
Summary
EXL reported Q3 revenue of $634.0 million, up 19.7%, and adjusted diluted EPS of $0.62, up 28.5%, then raised full-year 2026 revenue and EPS guidance. Adjusted operating margin slipped to 19.3% from 19.4% a year ago.
Key Events · Earnings and Guidance · EXLS
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Q3 Revenue Jumps 19.7%
Revenue rose to $634.0 million from $529.6 million a year ago, up 19.9% in constant currency and 6.6% sequentially.
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Full-Year Guidance Raised Again
The 2026 revenue outlook was lifted to $2.430-$2.440 billion from $2.390-$2.415 billion, and adjusted diluted EPS to $2.34-$2.36 from $2.25-$2.29.
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Adjusted EPS Up 28.5%
Adjusted diluted EPS came in at $0.62 versus $0.48 a year ago; GAAP diluted EPS was $0.45 versus $0.36.
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Margin Slips Sequentially
Adjusted operating margin was 19.3%, down from 19.4% a year ago and 19.7% in Q2 2026; GAAP operating margin was 14.0% versus 14.4%.
Analysis · EXLS · Trade & Services
For the second time this year, EXL raised full-year 2026 guidance: revenue to $2.430-$2.440 billion (16-17% growth) and adjusted diluted EPS to $2.34-$2.36 (20-21% growth), up from $2.390-$2.415 billion and $2.25-$2.29. Data and AI-led revenue, almost two-thirds of the business, grew 36% reported and 31% organically, and every segment grew more than 15% organically. The offset is margin: adjusted operating margin slipped to 19.3% from 19.4% a year ago and 19.7% in Q2, and GAAP operating margin fell to 14.0% from 14.4%, so growth is coming with a modest cost. With the stock near its 52-week high of $43.88, the raised outlook supports the current multiple, but the margin trend is the number to hold management to on the October 28 call.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EXLS was trading at $42.90 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $24.85 to $43.88. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.