EQUIFAX INC

Equifax reported strong third-quarter 2026 financial results, with revenue up 10% to $1.693 billion and net income up 32% to $211.7 million. Diluted EPS rose 39% to $1.79. The company saw robust growth across its Workforce Solutions, USIS, and International segments. Equifax returned $158 million to shareholders through buybacks and dividends. Despite the strong quarter, the company is maintaining its Diversified Markets revenue guidance but reducing its full-year 2026 revenue guidance due to a challenging U.S. mortgage market.

An Equifax Canada survey of over 1,500 Canadians reveals mounting financial pressure on households. Nearly one in four (25%) Canadians expect to make only minimum monthly credit card payments, with an additional 7% anticipating falling behind. The findings indicate that 40% are spending more overall than a year ago, leading 29% to use more credit for essential expenses and 35% to cut back on future savings. Equifax highlights these trends to help lenders engage with borrowers more confidently amid changing economic conditions.

Equifax Inc. announced the public offering of $1 billion in senior notes, consisting of $500 million of 5.000% Senior Notes due 2029 and $500 million of 5.650% Senior Notes due 2033. The notes were issued on July 29, 2026, with interest payable semi-annually. The company received approximately $990.5 million in net proceeds from the offering, which it intends to use for the repayment of borrowings under its commercial paper program.

Equifax reported Q2 2026 operating revenue of $1.70 billion, an 11% increase year-over-year. Diluted earnings per share rose slightly to $1.54, while net income attributable to Equifax decreased by 4% to $183.9 million. The company increased its quarterly dividend to $0.56 per share and has approximately $1.5 billion remaining under its share repurchase authorization. Equifax also accrued $100 million for a legal settlement related to a previously disclosed coding issue.

Equifax reported strong second-quarter 2026 financial results with reported revenue of $1.700 billion, an 11% increase year-over-year, and adjusted diluted EPS of $2.25, up 13%. The company announced the acquisition of Círculo de Crédito, a Mexican credit bureau, for $750 million, and doubled its AI-driven cost reduction target to $150 million. Equifax also returned $366 million to shareholders through share repurchases and dividends, while net income attributable to Equifax decreased by 4% to $183.9 million.

Equifax Inc.'s Board of Directors approved immediate amendments to its Amended and Restated Bylaws on June 16, 2026. The revisions allow shareholders to request a special meeting, provided one or more shareholders collectively own at least 25% of the voting power of outstanding shares for at least one year. The amendments also include minor clarifications and updates.

Equifax Canada announced that its Credit Lock service will be available to all residents of Ontario starting July 1, 2026, in line with the province's Better for Consumers, Better for Businesses Act. This free digital lock on credit reports helps defend against identity theft and fraud by preventing lenders from accessing credit scores, reports, or Personally Identifiable Information when a lock is active. Equifax Canada, which previously launched this feature in Quebec in 2023, emphasizes its commitment to consumer protection and fraud prevention.

Equifax Canada data for Q1 2026 reveals a significant decline in Canadian entrepreneurship, with active young businesses decreasing by 38.7%. Business payment challenges continued to build, as the national 60+ day delinquency rate for financial trades rose 11.37% year-over-year to 3.83%. While the Canadian Small Business Health Index showed some positive momentum, rising 2.3% quarterly, businesses are cutting back on short-term credit, with line of credit balances down 21.3% and credit card balances down 17.2%.

Equifax Canada's Q1 2026 Market Pulse report reveals a complex credit landscape, with total consumer debt climbing to $2.66 trillion, up 3.8% year-over-year, while non-mortgage debt saw its first quarterly decline in several periods. Despite some signs of consumer financial discipline, insolvency volumes reached a 17-year high, increasing 18.8% year-over-year. New credit originations, including credit cards and auto loans, declined significantly, and mortgage stress intensified in high-cost markets like Ontario and British Columbia, with delinquencies rising sharply.

Equifax Inc. and its subsidiary borrowers entered into a Fourth Amendment to their Credit Agreement, increasing the unsecured revolving credit facility from $1.5 billion to $2 billion. This amendment also raised swingline loan availability from $150 million to $200 million and extended the termination date for $1.9 billion of the facility by one year to August 25, 2029. Additionally, a 10 basis point credit spread adjustment for "Term SOFR" borrowings was removed, enhancing the company's financial flexibility and liquidity.