ExlService Holdings Raises 2026 Revenue Outlook
The firm reports strong third quarter growth in AI-led services, signaling continued demand in the sector.
Updated on Oct. 27, 2026 in Economic Indicators
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ExlService Holdings reported $634 million in revenue for the third quarter ended September 30, 2026. This performance led the firm to increase its full-year revenue and earnings outlook for the company.
Why it matters
The company's results reflect ongoing demand for data and AI-led business services, prompting an optimistic revision to its full-year financial projections. This suggests sustained corporate spending in these technology sectors through the end of 2026.
ExlService Holdings posted $634 million in revenue for the third quarter, with data and AI-led revenue growing 36% on a reported basis. The company now expects full-year 2026 revenue to reach between $2.430 billion and $2.440 billion.
The players
ExlService Holdings
A global firm that provides data, analytics, and AI-driven business services to corporate clients.
iMerit
A technology company recently acquired by ExlService Holdings to enhance its data and AI capabilities.
The details
Growth in the third quarter was driven by significant gains in the data and AI segments, alongside the acquisition of iMerit and the addition of 14 new clients. To support ongoing operations, the company closed a new $1 billion senior secured credit facility. This financial activity reflects the firm's broader efforts to scale its workforce and service capabilities to meet current business momentum.
Timeline
The fiscal third quarter concluded on September 30, 2026.
Financial results were officially announced on October 27, 2026.
The company hosted a conference call for financial results on October 28, 2026.
Money Landscape
ExlService Holdings' performance highlights the ongoing corporate push to integrate advanced data and AI capabilities. This development follows the broader trend of sustained enterprise investment in digital transformation services through 2026.
Investors and those tracking corporate spending may monitor the company's full-year earnings forecast of $2.34 to $2.36 per share. For those evaluating broader economic trends, the company's ability to win 14 new clients in one quarter provides a signal for continued demand in professional technology services.
The takeaway
The company's raised guidance highlights the continued strength of the data and AI service market for institutional clients. Households with interests in diversified sectors should track the firm's progress regarding its new $1 billion credit facility and the integration of the iMerit acquisition.
Further reading
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More information
View the full investor relations financial data for additional performance details.
Source note: This article includes information reported by The Manila times.
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