EFX
Equifax Inc.218.53
+1.51+0.7%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms script; data moat emphasized.
Q&A largely reaffirms prepared remarks on 2026 guidance ex-FICO, AI productivity, and government tailwinds from OB3, while adding nuance on FHFA as the key VantageScore adoption hurdle and trigger legislation shifting volumes to higher-margin hard pulls. Management stressed their proprietary data moat—90% of revenue—shields against AI disruption, with sophisticated clients consuming more Equifax-only datasets. Twin Indicator traction emerged for free share gains in mortgage, auto, and card. EWS margins stay north of 50% despite growth investments. Data moat stands tall. Investors will watch Vantage timing and government penetration.
Key Stats
Market Cap
26.92BP/E (TTM)
41.31Basic EPS (TTM)
5.29Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
Equifax posted FY2025 revenue of $6.1B, up 7% y/y, with operating income at $1.1B and diluted EPS of $5.32. Q4 momentum shone through USIS's 10% growth from mortgage pricing despite softer inquiry volumes, while Workforce verification accelerated in diversified markets like government and talent. International local currency revenue rose 6%, led by Latin America, but FX headwinds trimmed reported gains. Strong cash flow of $1.6B funded $927M buybacks under the new $3B program and a dividend hike to $1.89/share. Debt stood at $5.1B with $0.7B revolver capacity. Security breaches could disrupt operations and erode trust.
8-K
Q4 revenue up 9%
Equifax posted Q4 2025 revenue of $1.551B, up 9% despite U.S. hiring and mortgage headwinds, driven by 20% U.S. mortgage growth and 10% verification services surge. Full-year free cash flow hit $1.13B, up 40%, funding $561M shareholder returns including $500M buybacks. Guidance eyes 2026 revenue at $6.72B midpoint. Momentum beats markets.
10-Q
Q3 FY2025 results
Equifax posted solid Q3 results, with operating revenue climbing 7% year-over-year to $1,544.9 million, fueled by 11% growth in U.S. Information Solutions from mortgage pricing gains and 5% in Workforce Solutions via verification services. Operating income rose 7% to $264.3 million, holding a steady 17.1% margin, while diluted EPS improved 14% to $1.29 on 124.1 million shares. Cash from operations hit $1,144.9 million year-to-date, funding $351.4 million in capex and $427.4 million in buybacks; free cash flow stood at $793.5 million (derived). Debt eased to $4,813.1 million with $1.4 billion revolver availability and $189.0 million in cash. Restructuring charges of $43.9 million reflect cloud transformation efforts. Yet regulatory scrutiny in data accuracy lingers as a key risk.
8-K
Equifax tops Q3 guidance
Equifax beat Q3 expectations with $1.545 billion in revenue, up 7% year-over-year, fueled by 13% U.S. mortgage growth and 5% in Workforce Solutions despite hiring and mortgage market headwinds. The company raised full-year guidance, boosting revenue outlook by $40 million to $6.045 billion midpoint and Adjusted EPS by $0.12 to $7.60, while introducing discounted VantageScore 4.0 pricing to cut homebuyer costs and expand scoring access. Strong cash flow hit over 100% conversion. Antitrust litigation costs pose a minor drag.
8-K
Equifax beats Q2 guidance
Equifax reported Q2 2025 revenue of $1.537 billion, up 7% reported and 8% local currency from last year, beating guidance by $27 million despite U.S. mortgage and hiring headwinds. U.S. Mortgage revenue surged 14%, Workforce Solutions grew 8% with Verification Services up 10%, and new product innovation hit a 14% Vitality Index. The company returned $190 million to shareholders, including $127 million in repurchases. Yet uncertainties in economy and rates prompt maintaining full-year local currency guidance at 6% growth midpoint.
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