| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.6K | 14.3% |
| Total Income | 1.6K | 14.3% |
| Expenditure | 1.4K | 12.8% |
| PBT | 235.80 | 27.2% |
| Net Profit | 171.50 | 28.9% |
| OPM | 17.45% | 1.10pp |
| NPM | 10.40% | 1.17pp |
| EPS | 1.43 | 33.6% |
Equifax Reports Record Q1 2026 Revenue of $1.649 Billion, Up 14%
21 Apr 2026 · 21 Apr, 4:02 pm
Summary
Equifax announced a strong first quarter with revenue reaching $1.649 billion, up 14% year-over-year. The revenue outperformance was driven by U.S. Mortgage revenue growth of 38% and solid performance in Diversified Markets, which grew 6% in local currency. Workforce Solutions delivered 10% revenue growth, and USIS saw a 21% increase. The company is maintaining its full-year constant dollar revenue growth guidance but increasing full year reported revenue by $25 million and Adjusted EPS by $0.04 per share due to foreign exchange impacts.
Key Highlights
- 1
Equifax reported first quarter revenue of $1.649 billion, a 14% increase, with 13% local currency revenue growth.
- 2
U.S. Mortgage revenue grew by 38% due to higher mortgage activity in the first half of the quarter.
- 3
Diversified markets revenue increased by 8% on a reported basis and 6% in local currency, driven by Workforce Solutions growth.
- 4
Workforce Solutions revenue was up 10%, with Verification Services revenue up 14%.
- 5
USIS revenue increased by 21%, driven by 60% Mortgage revenue growth.
- 6
International revenue grew by 11% on a reported basis and 4% on a local currency basis.
- 7
The company returned $327 million in cash to shareholders through share repurchases and dividends.
Management Comments
Mark W. Begor
Equifax delivered a very strong first quarter performance executing on our EFX2028 Strategic Priorities with reported revenue of $1.649 billion, up a strong 14%, with 13% local currency revenue growth which was $37 million above the midpoint of our February guidance. The revenue outperformance was principally driven by very strong U.S. Mortgage revenue growth of 38% principally in January and February before rates increased from the Iran conflict, continued solid performance in Diversified Markets up 6% in local currency, and strong New Product Innovation momentum with Vitality Index of 17% - significantly above our long-term goal of 10% - powered by the EFX Cloud, EFX.AI, and our proprietary data. Workforce Solutions delivered strong 10% revenue growth, driven by Verification Services revenue growth of 14% led by Diversified Markets revenue growth of 14% from strong mid double digit growth in Government and Consumer Lending businesses. USIS delivered strong revenue growth of 21%, well above their 6 to 8% Long Term Financial Framework. USIS revenue growth was led by very strong 60% Mortgage revenue growth and Diversified Markets revenue growth of 3%. International delivered 4% local currency revenue growth with high single digit revenue growth in Canada. We were pleased with the broad-based Equifax results in a challenging market environment. Given our strong free cash flow, Equifax returned $327 million in cash to shareholders, including repurchasing 1.3 million shares for $260 million and paying $67 million in quarterly dividends
Mark W. Begor
We are maintaining our full-year 2026 Guidance midpoint expectation for local currency revenue growth of about 10%. Despite our strong, above guidance first quarter results principally from stronger U.S. mortgage activity in the first half of the quarter, we are maintaining our full-year 2026 Guidance due to the reduction in U.S. mortgage activity from higher rates since the Iran conflict 1 began and the uncertainty in the global macroeconomic environment and direction of U.S. inflation and interest rates. We are increasing our full year reported revenue by $25 million and Adjusted EPS by $0.04 per share for the impact of foreign exchange.
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