Track market-moving stories before they get noisy

Kapitalo Investimentos Ltda acquired a new stake in shares of Equifax, Inc. (NYSE:EFX – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 41,700 shares of the credit services provider’s stock, valued at approximately $5,723,000. Equifax comprises 0.4% of Kapitalo Investimentos Ltda’s holdings, making the stock its 23rd largest position.

A number of other institutional investors have also modified their holdings of EFX. Canada Pension Plan Investment Board acquired a new stake in Equifax during the second quarter worth about $40,028,000. B. Metzler seel. Sohn & Co. AG purchased a new position in Equifax during the second quarter valued at approximately $463,000. Legal & General Group Plc acquired a new position in Equifax in the second quarter valued at approximately $107,416,000. Bank of New York Mellon Corp acquired a new position in Equifax in the second quarter valued at approximately $92,523,000. Finally, Tidal Investments LLC boosted its position in Equifax by 74.0% in the 2nd quarter. Tidal Investments LLC now owns 59,010 shares of the credit services provider’s stock worth $9,366,000 after purchasing an additional 25,091 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Wall Street Analyst Weigh In A number of brokerages have recently commented on EFX. Morgan Stanley dropped their price objective on shares of Equifax from $225.00 to $205.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. BNP Paribas Exane boosted their target price on shares of Equifax from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Barclays decreased their target price on shares of Equifax from $200.00 to $155.00 and set an “equal weight” rating for the company in a research note on Friday, October 2nd. Royal Bank Of Canada lowered their price target on shares of Equifax from $194.00 to $177.00 and set an “outperform” rating on the stock in a report on Friday. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Equifax in a research report on Tuesday. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Equifax has an average rating of “Moderate Buy” and a consensus target price of $199.52.

Check Out Our Latest Analysis on Equifax Key Stories Impacting Equifax Here are the key news stories impacting Equifax this week:

Positive Sentiment: Q3 earnings beat expectations: Adjusted EPS was $2.26, above the $2.20 analyst consensus and up from $2.04 a year earlier. Revenue reached $1.693 billion, essentially in line with estimates and 9.6% higher year over year. Equifax earnings results Positive Sentiment: Diversified businesses remained strong: U.S. Information Solutions revenue increased 13%, International revenue rose 9%, and Workforce Solutions grew 7%. Diversified markets revenue advanced approximately 8%, helping offset mortgage-related weakness. Equifax third-quarter results Positive Sentiment: Profitability and AI initiatives supported the beat: Lower selling, general and administrative expenses helped lift earnings, while management cited artificial-intelligence investments and related efficiency gains as longer-term growth opportunities. Equifax earnings beat and lower SG&A expenses Positive Sentiment: Capital returns continued: Equifax returned $158 million to shareholders during the quarter, including $92 million in share repurchases and $66 million in dividends. Neutral Sentiment: Mortgage weakness remains the main headwind: Rising interest rates caused U.S. mortgage transaction volumes to weaken late in the quarter. Although mortgage-related revenue had still increased, management expects the difficult market to persist through year-end. Equifax mortgage market update Negative Sentiment: Guidance was reduced: Equifax lowered its full-year 2026 reported revenue outlook to $6.646 billion-$6.676 billion, and its fourth-quarter revenue forecast of $1.605 billion-$1.635 billion was viewed as below some expectations. A lower Mizuho price target, reduced to $185 from $210 while maintaining an Outperform rating, also limits near-term upside. Equifax Stock Performance NYSE EFX opened at $177.12 on Wednesday. The stock has a market capitalization of $20.81 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.66 and a beta of 1.35. The stock has a 50-day moving average of $166.97 and a 200 day moving average of $169.93. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.92. Equifax, Inc. has a twelve month low of $137.01 and a twelve month high of $238.94.

Equifax (NYSE:EFX – Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The credit services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.20 by $0.06. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.69 billion. Equifax had a return on equity of 21.61% and a net margin of 10.73%. Equifax’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $2.04 earnings per share. Sell-side analysts anticipate that Equifax, Inc. will post 8.50 EPS for the current fiscal year.

Equifax Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a dividend of $0.56 per share. The ex-dividend date was Monday, August 31st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.3%. Equifax’s dividend payout ratio (DPR) is 39.37%.

Insiders Place Their Bets In other Equifax news, CEO Mark W. Begor sold 37,791 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $172.16, for a total transaction of $6,506,098.56. Following the completion of the transaction, the chief executive officer directly owned 271,890 shares in the company, valued at approximately $46,808,582.40. This represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Gamble sold 4,500 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $187.96, for a total transaction of $845,820.00. Following the transaction, the executive vice president owned 69,055 shares of the company’s stock, valued at $12,979,577.80. This represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is currently owned by company insiders.

Equifax Profile (Free Report)

Equifax Inc (NYSE: EFX) is a global data, analytics and technology company that provides information and services to help businesses, governments and consumers make informed financial and workforce decisions. The company is best known for its credit reporting activities, but its offerings also include identity verification, fraud prevention, income and employment verification, marketing services and risk management solutions.

Equifax provides consumer and commercial credit information, credit reports and related analytics to lenders and other businesses.

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Key Takeaways Equifax's Q3 revenues are projected to rise 9.6% y/y to $1.7B, with EPS expected to grow 7.8% to $2.20.Workforce Solutions revenues will likely grow 12%, led by verification demand and robust lending activity.AI-led productivity gains, cloud cost savings, and USIS and International margin growth may boost earnings.
Equifax (EFX - Free Report) is scheduled to report third-quarter 2026 results on Oct. 20, before market open.

EFX has an impressive earnings surprise history. It has outperformed the Zacks Consensus Estimate in the four preceding quarters, with an average of 5%.

Equifax’s Q3 ExpectationsThe Zacks Consensus Estimate for Equifax’s top line is pinned at $1.7 billion, hinting at a 9.6% rise from the year-ago quarter’s actual. For Workforce Solutions, we expect revenues of $727.6 million, suggesting 12% year-over-year growth. Increasing penetration in employment verification, education and incarceration data is expected to have driven Talent Solutions growth.

Additionally, robust Consumer Lending activity fueled by higher volumes and product rollouts across auto, credit card and consumer finance is also anticipated to have boosted revenues. The adjusted EBITDA for Workforce Solutions is anticipated to be $364.4 million. The figure is expected to increase 9.5% from the year-ago quarter’s actual.

We expect the U.S. Information Solutions (“USIS”) segment to generate $572.3 million in revenues, suggesting a 7.9% year-over-year rise. The USIS segment is anticipated to have benefited from strong financial institution and auto lending volumes, business wins and a prudent pricing strategy. Adjusted EBITDA for USIS is expected to advance 7.3% year over year to $200.2 million.

International revenues are anticipated to gain 9.2% from the year-ago quarter’s actual to $398.8 million. Improving business momentum across international markets is anticipated to have supported this segment’s performance. Expansion of AI-backed analytical and decisioning solutions, including Ignite AI Advisor in Canada and Equifax IQ in Latin America, is projected to have improved customer engagement and product adoption. For this segment, adjusted EBITDA is expected to be $121.5 million, implying 6.2% year-over-year growth.

The consensus estimate for earnings per share is pegged at $2.2, implying a 7.8% year-over-year increase. The bottom line is likely to have been improved by AI-driven productivity gains, technology cost savings derived from the completion of cloud technology transformation, and strong margin expansions in the USIS and International segments.

What Our Model Says About EFXOur proven model does not conclusively predict an earnings beat for Equifax this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.

Equifax has an Earnings ESP of -0.59% and a Zacks Rank of 4 (Sell) at present.

Stocks to ConsiderHere are a few stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.

Booz Allen Hamilton (BAH - Free Report) : The Zacks Consensus Estimate for the company’s second-quarter fiscal 2027 revenues is pegged at $2.8 billion, indicating a year-over-year 3.1% dip. For EPS, the consensus estimate is pegged at $1.44, hinting at a 3.4% dip from the year-ago quarter’s actual. It has outperformed the Zacks Consensus Estimate in the three preceding quarters and met once, with an average of 24.2%.

BAH has an Earnings ESP of +5.31% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The company is scheduled to declare second-quarter fiscal 2027 results on Oct. 23.

WEX (WEX - Free Report) : The Zacks Consensus Estimate for third-quarter 2026 revenues is $753 million, indicating 8.9% growth from the year-ago quarter’s actual. For earnings, the consensus estimate is $5.64 per share, suggesting 22.9% growth from the year-ago quarter’s reported number. WEX surpassed the consensus estimate in the past four quarters, with an average beat of 4.3%.

WEX has an Earnings ESP of +3.22% and a Zacks Rank of 2. It is scheduled to declare third-quarter 2026 results on Oct. 28.

Wall Street expects a year-over-year increase in earnings on higher revenues when Equifax (EFX - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on October 20, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis credit reporting company is expected to post quarterly earnings of $2.21 per share in its upcoming report, which represents a year-over-year change of +8.3%.

Revenues are expected to be $1.69 billion, up 9.6% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Equifax?For Equifax, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.02%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Equifax will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Equifax would post earnings of $2.21 per share when it actually produced earnings of $2.25, delivering a surprise of +1.81%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Equifax doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Nearly 2,000 Mortgage Lenders Implementing Modern, Alternative Data-Driven Scoring Model; Equifax Extends $1 VantageScore 4.0 Pricing through the End of 2028 to Drive Industry Adoption, Homeownership Affordability, and Cost Savings

Nearly 2,000 mortgage lenders and resellers are taking advantage of the Equifax offer of free VantageScore® 4.0 credit scores with paid legacy scores, and more than 165 lenders are exclusively using VantageScore 4.0 at the $1 price for certain types of loans. Equifax maintains $1 VantageScore 4.0 mortgage credit score pricing through the end of 2028 to expand industry adoption, reduce loan acquisition costs, and drive potential $1 billion in industry cost savings. Equifax continues to enhance the value of mortgage solutions by delivering The Work Number® Report Indicator and additional alternative data including telco, pay TV and utilities attributes alongside the Equifax mortgage credit report at no additional cost. , /PRNewswire/ -- Equifax® (NYSE: EFX) today announced a significant milestone in mortgage scoring modernization, with nearly 2,000 lenders taking advantage of free VantageScore® 4.0 credit scores with paid legacy scores from April 2026 through September 2026, including a 230% increase in VantageScore 4.0 credit scores pulled between April 2026 and August 2026 for mortgages. This accelerated mortgage lender adoption follows Federal Housing Finance Agency (FHFA) approval of VantageScore 4.0 for use in Fannie Mae and Freddie Mac mortgages. Mortgage lenders are rapidly embracing this modern scoring model and Fair Credit Reporting Act (FCRA) governed alternative data not included in traditional credit reports to expand access to credit and drive housing affordability for millions of Americans.

"Our AI technology helps borrowers see their best loan options in minutes. With lenders now able to choose their credit score model, we added VantageScore 4.0 as one of the scoring models we use, giving us more flexibility in how we evaluate applicants, while keeping the experience quick and easy," said Magesh Sarma, Chief Operating Officer, AmeriSave Mortgage Corporation.

Equifax is maintaining $1 VantageScore 4.0 mortgage credit score pricing through the end of 2028 to expand adoption, reduce loan acquisition costs, and drive a potential $1 billion in cost savings for the industry and consumers from the cost difference among score providers.

"The landmark decision by FHFA Director William Pulte and Housing and Urban Development Secretary Scott Turner to open VantageScore 4.0 for use across both conventional and FHA-insured loans has advanced homebuying into a new era of credit scoring competition that drives greater performance and cost savings for both lenders and consumers," said Mark W. Begor, CEO of Equifax. "We are seeing strong momentum across the mortgage sector as lenders rapidly adopt VantageScore 4.0 to drive better decisioning and expand access to credit."

More data drives better decisions
VantageScore 4.0 utilizes up to 24 months of trended data and incorporates alternative data, such as rental, utility, and telco payment histories, providing lenders with a more comprehensive view of borrower creditworthiness without adding additional risk. The model provides deeper financial insights that can deliver a 20% lift in originations and generate credit scores for consumers with thin credit files.

"The strong industry adoption has been driven by years of preparation by our teams to ensure that VantageScore 4.0 could be accessible to all lenders, allowing them to effectively test and evaluate the score through their processes," said Joel Rickman, General Manager and SVP of U.S. Mortgage and Verification Services at Equifax. "Equifax is deeply committed to supporting the mortgage industry and the consumers we serve, especially as we navigate the most difficult mortgage market in decades. We view our role in expanding homeownership as a vital responsibility while delivering significant savings to consumers and the mortgage industry."

Equifax remains the only Nationwide Consumer Reporting Agency to provide alternative data insights - such as payment histories for telco, pay TV, and utilities - alongside tri-merge consumer credit reports for the mortgage market at no additional cost to lenders. Equifax also empowers lenders with early access to an employment indicator through its suite of The Work Number® Report Indicator solutions at no additional cost including:

The Work Number® Report Indicator for Mortgage: Streamlines underwriting workflows by providing an indicator of whether data from The Work Number is available on the applicant For more information about Equifax mortgage solutions and VantageScore 4.0, please visit our website.

ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com. 

FOR MORE INFORMATION:
Tiffany Smith for Equifax 
[email protected] 

SOURCE Equifax Inc.

Equifax, Inc. (NYSE:EFX – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $213.95.

EFX has been the subject of a number of recent analyst reports. Citigroup decreased their target price on shares of Equifax from $238.00 to $220.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Equifax from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 13th. UBS Group reaffirmed a “buy” rating and issued a $220.00 price target on shares of Equifax in a research note on Wednesday, July 8th. BNP Paribas Exane increased their price objective on shares of Equifax from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Finally, BMO Capital Markets lowered their price objective on shares of Equifax from $195.00 to $179.00 and set a “market perform” rating on the stock in a research note on Monday, July 13th.

View Our Latest Stock Report on Equifax

Insider Buying and Selling at Equifax In related news, EVP John Gamble sold 4,500 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $187.96, for a total transaction of $845,820.00. Following the completion of the transaction, the executive vice president owned 69,055 shares of the company’s stock, valued at $12,979,577.80. This trade represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark W. Begor sold 37,791 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $172.16, for a total value of $6,506,098.56. Following the transaction, the chief executive officer directly owned 271,890 shares of the company’s stock, valued at $46,808,582.40. This represents a 12.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is currently owned by company insiders. Institutional Investors Weigh In On Equifax A number of institutional investors and hedge funds have recently bought and sold shares of the business. Reflection Asset Management acquired a new position in shares of Equifax in the 4th quarter worth approximately $26,000. MV Capital Management Inc. acquired a new stake in Equifax during the fourth quarter valued at approximately $31,000. Clearstead Trust LLC bought a new stake in Equifax during the second quarter worth approximately $28,000. Ballast Advisors LLC bought a new stake in Equifax during the first quarter worth approximately $33,000. Finally, Hantz Financial Services Inc. grew its position in Equifax by 630.8% in the fourth quarter. Hantz Financial Services Inc. now owns 190 shares of the credit services provider’s stock worth $41,000 after buying an additional 164 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

Equifax Stock Down 3.6% Shares of Equifax stock opened at $140.60 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.60 and a quick ratio of 0.60. Equifax has a 1-year low of $138.15 and a 1-year high of $258.32. The business’s fifty day moving average price is $175.40 and its two-hundred day moving average price is $173.08. The company has a market capitalization of $16.52 billion, a P/E ratio of 24.71, a PEG ratio of 1.42 and a beta of 1.31.

Equifax (NYSE:EFX – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The credit services provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.05. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Equifax had a return on equity of 21.61% and a net margin of 10.73%.The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.00 earnings per share. Equifax has set its Q3 2026 guidance at 2.150-2.250 EPS and its FY 2026 guidance at 8.390-8.690 EPS. As a group, research analysts forecast that Equifax will post 8.55 EPS for the current year.

Equifax Announces Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, August 31st. Equifax’s dividend payout ratio (DPR) is presently 39.37%.

About Equifax (Get Free Report)

Equifax Inc (NYSE: EFX) is a global data, analytics and technology company that helps businesses, government agencies and consumers make informed decisions about credit, identity, employment and financial risk. The company collects and analyzes information from a broad range of sources to provide insights and decisioning tools for lenders, employers, insurers, telecommunications providers and other organizations.

Its products and services include consumer and commercial credit reports, credit scores, fraud and identity-management solutions, marketing and customer-acquisition analytics, and income and employment verification through The Work Number.

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Key Takeaways Equifax's Workforce Solutions revenues rose 7% in Q2, while state-government deals totaled about $300 million.EFX launched 54 AI-enabled products in H1, while expected run-rate savings doubled to $150 million.Equifax's international revenues rose 8%, led by 17% growth in Asia-Pacific and gains across other regions. Equifax’s (EFX - Free Report) growth is driven by steady Workforce Solutions demand and a sizable pipeline of state-government contracts. Artificial intelligence (AI)-enabled product innovation and expanded internal automation are strengthening revenue opportunities while supporting productivity and margin gains. International operations also improve visibility into sustained top-line expansion.

The company’s third-quarter 2026 earnings are expected to increase 8.3% year over year. Its 2026 and 2027 earnings are projected to rise 11.8% and 17.7%, respectively. Revenues are anticipated to grow 10.9% in 2026 and 9.6% in 2027.

Factors That Bode Well for EFX’s SuccessWorkforce Solutions’ Performance Drives Top-Line Growth: Equifax continues to benefit from sustained demand and customer wins in Workforce Solutions. Segment revenues increased 7% year over year to $705.4 million in the second quarter of 2026. Verification Services revenues rose 7% to $607.6 million, supported by high-double-digit growth in Talent Solutions and Consumer Lending. Mortgage revenues advanced 8%, while Employer Services revenues increased 3% to $97.8 million. Equifax signed about $300 million, principally with state-government agreements, including roughly $100 million of new business and $200 million of renewals, supporting future growth.

AI-driven Growth & Productivity: EFX is expanding AI across products and internal operations to improve growth and efficiency. Its Vitality Index reached 16% in the second quarter of 2026, above the 15% full-year goal and 10% long-term framework. The company launched 54 AI-enabled products in the first half, supported by proprietary data that generates more than 90% of revenues across more than 100 global data exchanges. Management doubled its expected AI-driven run-rate savings for 2026-2028 to $150 million from $75 million.

Global Performance Supports Visibility: Equifax’s International revenues increased 8% year over year on a reported basis and 4% in local currency to $383.1 million. Asia Pacific led the growth, with revenues rising 17% to $99.7 million, or 7% on a local currency basis, supported by online business-to-business and commercial offerings. Latin America revenues increased 9% to $109 million, while Canada and Europe grew 6% and 2%, respectively. The broad-based regional gains support a more diversified revenue base and improve visibility into continued international growth.

Watch Out for These Risks to EFX StockElevated Rates Affect Mortgage Market: Higher interest rates continue to weigh on U.S. mortgage activity. Mortgage rates increased to about 6.6% during the second quarter of 2026, while management noted further market weakening as long-term rates moved higher. The company expects 2026 mortgage originations to decline by low single digits. Persistently elevated rates could constrain transaction volumes and temper mortgage-related growth despite recent share gains and new product adoption.

Execution & Adoption Risks: Several growth initiatives depend on timely customer implementation and regulatory approvals. New government contracts may take time to reach full revenue contribution, while broader VantageScore adoption depends partly on additional Federal Housing Finance Agency lender approvals. The recent Círculo acquisition also remains subject to customary closing conditions and regulatory clearance.

EFX’s Zacks Rank & Stocks to ConsiderEquifax currently carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

A couple of better-ranked stocks in the broader Business Services sector are TrueBlue, Inc. (TBI - Free Report) and Trane Technologies plc (TT - Free Report) .

TrueBlue carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 14%.

TBI beat earnings estimates in three of the last four reported quarters and missed once, with an average earnings surprise of 22.4%.

Trane Technologies also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 13.7%.

TT delivered a trailing four-quarter earnings surprise of 2.1%, on average.

California State Teachers Retirement System lifted its stake in shares of Equifax, Inc. (NYSE:EFX – Free Report) by 15,465.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,785,331 shares of the credit services provider’s stock after buying an additional 30,587,555 shares during the quarter. California State Teachers Retirement System owned about 26.20% of Equifax worth $4,886,248,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Equifax by 49.2% in the fourth quarter. Brighton Jones LLC now owns 3,638 shares of the credit services provider’s stock worth $927,000 after purchasing an additional 1,200 shares during the period. Great Lakes Advisors LLC bought a new position in shares of Equifax during the 1st quarter worth about $204,000. Empowered Funds LLC grew its stake in shares of Equifax by 14.6% in the 1st quarter. Empowered Funds LLC now owns 2,523 shares of the credit services provider’s stock valued at $615,000 after buying an additional 321 shares during the period. First Trust Advisors LP increased its position in Equifax by 14.5% in the 2nd quarter. First Trust Advisors LP now owns 7,632 shares of the credit services provider’s stock valued at $1,979,000 after buying an additional 966 shares in the last quarter. Finally, AXA S.A. raised its stake in Equifax by 699.9% during the 2nd quarter. AXA S.A. now owns 8,671 shares of the credit services provider’s stock worth $2,249,000 after buying an additional 7,587 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

Equifax Stock Performance Shares of EFX opened at $168.12 on Thursday. The firm has a market capitalization of $19.75 billion, a P/E ratio of 29.55, a P/E/G ratio of 1.67 and a beta of 1.31. Equifax, Inc. has a 52 week low of $150.74 and a 52 week high of $271.84. The stock has a 50 day moving average price of $179.28 and a two-hundred day moving average price of $177.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.60 and a current ratio of 0.60.

Equifax (NYSE:EFX – Get Free Report) last posted its earnings results on Tuesday, July 21st. The credit services provider reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. Equifax had a return on equity of 21.61% and a net margin of 10.73%.The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $2.00 earnings per share. Equifax has set its Q3 2026 guidance at 2.150-2.250 EPS and its FY 2026 guidance at 8.390-8.690 EPS. Equities analysts forecast that Equifax, Inc. will post 8.55 earnings per share for the current fiscal year. Equifax Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.56 per share. The ex-dividend date is Monday, August 31st. This represents a $2.24 annualized dividend and a yield of 1.3%. Equifax’s dividend payout ratio (DPR) is 39.37%.

Analysts Set New Price Targets Several brokerages have issued reports on EFX. Deutsche Bank Aktiengesellschaft set a $208.00 price target on Equifax and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Mizuho lowered their target price on Equifax from $222.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, July 2nd. Barclays cut their target price on Equifax from $215.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. BMO Capital Markets reduced their price target on shares of Equifax from $195.00 to $179.00 and set a “market perform” rating for the company in a research report on Monday, July 13th. Finally, Rothschild & Co Redburn upgraded shares of Equifax from a “neutral” rating to a “buy” rating and boosted their price target for the company from $214.00 to $235.00 in a research note on Friday, August 21st. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Equifax presently has an average rating of “Moderate Buy” and a consensus price target of $215.16.

Read Our Latest Research Report on Equifax

Insiders Place Their Bets In other Equifax news, EVP John W. Gamble, Jr. sold 4,500 shares of Equifax stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $187.96, for a total transaction of $845,820.00. Following the transaction, the executive vice president directly owned 69,055 shares of the company’s stock, valued at $12,979,577.80. The trade was a 6.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Begor sold 37,791 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $172.16, for a total transaction of $6,506,098.56. Following the completion of the sale, the chief executive officer owned 271,890 shares of the company’s stock, valued at approximately $46,808,582.40. The trade was a 12.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is owned by insiders.

Equifax Company Profile (Free Report)

Equifax Inc (NYSE: EFX) is a global data, analytics and technology company that provides information solutions to businesses, government agencies and consumers. Its services help organizations assess credit risk, prevent fraud, verify identities, market products and make informed decisions about lending, employment and other transactions.

The company’s offerings include consumer and commercial credit reports, credit scores, fraud-prevention and identity-management tools, income and employment verification services, mortgage and housing data, and workforce-management solutions.

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B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Equifax, Inc. (NYSE:EFX – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,916 shares of the credit services provider’s stock, valued at approximately $463,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its stake in shares of Equifax by 16.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 401 shares of the credit services provider’s stock valued at $104,000 after acquiring an additional 58 shares during the last quarter. Athena Investment Management grew its position in Equifax by 2.4% during the 4th quarter. Athena Investment Management now owns 2,608 shares of the credit services provider’s stock worth $566,000 after acquiring an additional 60 shares during the last quarter. Horizon Investments LLC increased its stake in Equifax by 3.2% in the 4th quarter. Horizon Investments LLC now owns 1,980 shares of the credit services provider’s stock worth $430,000 after purchasing an additional 62 shares during the period. Parkside Financial Bank & Trust increased its stake in Equifax by 3.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,043 shares of the credit services provider’s stock worth $443,000 after purchasing an additional 63 shares during the period. Finally, V Square Quantitative Management LLC lifted its position in Equifax by 3.8% in the first quarter. V Square Quantitative Management LLC now owns 1,730 shares of the credit services provider’s stock valued at $312,000 after purchasing an additional 64 shares during the last quarter. 96.20% of the stock is owned by institutional investors.

Equifax Trading Up 1.0% Shares of EFX opened at $194.54 on Tuesday. Equifax, Inc. has a 1-year low of $150.74 and a 1-year high of $271.84. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.92. The firm’s 50-day moving average price is $172.75 and its 200-day moving average price is $178.11. The firm has a market capitalization of $22.86 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 1.55 and a beta of 1.30.

Equifax (NYSE:EFX – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The credit services provider reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. Equifax had a net margin of 10.73% and a return on equity of 21.61%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the firm earned $2.00 earnings per share. Equifax’s revenue was up 10.6% on a year-over-year basis. Equifax has set its Q3 2026 guidance at 2.150-2.250 EPS and its FY 2026 guidance at 8.390-8.690 EPS. Sell-side analysts anticipate that Equifax, Inc. will post 8.57 EPS for the current year. Equifax Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, August 31st. Equifax’s dividend payout ratio (DPR) is presently 39.37%.

Analyst Ratings Changes EFX has been the subject of a number of analyst reports. Rothschild & Co Redburn raised Equifax from a “neutral” rating to a “buy” rating and increased their price objective for the company from $214.00 to $235.00 in a research note on Friday. Needham & Company LLC decreased their target price on shares of Equifax from $265.00 to $245.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. BMO Capital Markets lowered their price target on shares of Equifax from $195.00 to $179.00 and set a “market perform” rating for the company in a report on Monday, July 13th. Robert W. Baird dropped their price objective on Equifax from $245.00 to $232.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company cut their price objective on Equifax from $220.00 to $212.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Equifax currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.89.

View Our Latest Analysis on EFX

Insider Buying and Selling at Equifax In related news, CEO Mark W. Begor sold 37,791 shares of Equifax stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $172.16, for a total transaction of $6,506,098.56. Following the sale, the chief executive officer directly owned 271,890 shares in the company, valued at $46,808,582.40. The trade was a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is owned by corporate insiders.

Equifax Company Profile (Free Report)

Equifax Inc (NYSE: EFX) is a global data, analytics and technology company that specializes in consumer and commercial credit reporting, decisioning tools and identity solutions. Headquartered in Atlanta, Georgia, Equifax is one of the three major consumer credit reporting agencies in the United States and provides credit information and related services to lenders, employers, governments and consumers worldwide.

The company’s offerings include consumer credit reports and scores, credit monitoring and identity protection services, and a range of business-oriented products for risk management, fraud detection and compliance.

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Key Takeaways Equifax doubled its 2026-2028 AI savings target to $150 million to drive productivity and margin gains.EFX mortgage revenue rose 40% as VantageScore reached 1,300 lenders and 2.2 million Q2 transactions.Equifax plans a $750 million Crculo deal as international margins improve and growth broadens beyond the U.S. Equifax Inc. (EFX - Free Report) is leaning on artificial intelligence, mortgage scoring adoption, international expansion and new products to extend its growth profile.

The trends are visible in recent revenue gains. Its investment value still depends on whether Equifax can turn innovation and demand into margin expansion, disciplined acquisitions and durable earnings growth.

Equifax Expands AI-Driven Efficiency GoalsEquifax doubled its 2026-2028 AI-driven cost and capital savings target to $150 million, making artificial intelligence a broader productivity tool rather than just a product feature.

Management is applying AI and agentic solutions across product development, technology, operations and support functions, including human resources, legal and finance. The goal is to improve speed, accuracy and productivity while supporting margin expansion. Technology and operations represent about 60% of gross labor spending, giving the program a meaningful operating base.

EFX Mortgage Growth Signals Product AdoptionU.S. Information Solutions, or USIS, delivered 17% revenue growth in the second quarter, helped by a 40% increase in mortgage revenues. The gains reflect product adoption as well as a mortgage market that provided enough activity for Equifax’s scoring and data offerings to show leverage.

VantageScore adoption is an important part of that story. By July 2026, about 1,300 mortgage lenders were using the product, and second-quarter VantageScore transactions reached about 2.2 million, nearly triple the first-quarter level. TransUnion (TRU - Free Report) also competes in credit data and analytics, making lender adoption a key industry battleground.

Equifax Targets Mexico Through a Major AcquisitionEquifax signed an agreement to acquire Círculo de Crédito for an enterprise value of $750 million. The deal would expand Equifax’s international footprint in Mexico and fit its bolt-on acquisition strategy.

Círculo generated approximately $134 million in trailing revenues through June 30, 2026, up 31%, with an adjusted EBITDA margin of roughly 46%. Management expects the transaction to be accretive to adjusted earnings per share in the first year. Experian plc (EXPGY - Free Report) , another global information services company, offers peer context because international data and analytics scale remain central to the sector’s growth narrative.

EFX International Margins Show Operating LeverageInternational revenues rose 8% on a reported basis in the second quarter and 4% in local currency. Asia Pacific was the standout, with 17% reported revenue growth and 7% local-currency growth, while Latin America rose 9% on a reported basis and 3% in local currency.

The margin trend was more encouraging than the headline growth rate alone. International operating margin improved to 12.1% from 10.9%, and adjusted EBITDA margin expanded to 27.6% from 26.4%. That 120-basis-point improvement contrasted with margin pressure in Workforce Solutions and USIS, showing better incremental leverage outside the U.S. segments.

Equifax Scores Temper the Emerging Growth StoryThe emerging growth story is credible, but it is not yet an all-clear investment signal. AI savings, VantageScore adoption, new-product activity and the Círculo acquisition give Equifax multiple paths to faster revenue growth, but execution risk remains tied to integration, capital demands and margin delivery.

The stock currently carries a Zacks Rank #3 (Hold), which points to a neutral near-term earnings-revision picture. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Its Growth Score of B supports the expansion thesis, while a VGM Score of C suggests the overall blend of value, growth and momentum is not especially strong.

The Momentum Score of F is the main restraint. Zacks Style Scores are designed to complement the Zacks Rank, and stronger scores generally indicate better alignment with a given investment style. For EFX, the profile favors patient investors who are comfortable waiting for technology initiatives and mortgage adoption to translate into steadier market confirmation.

Posted by Defense World Staff on Jul 27th, 2026

Bradley Foster & Sargent Inc. CT grew its stake in Equifax, Inc. (NYSE:EFX – Free Report) by 400.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 13,143 shares of the credit services provider’s stock after acquiring an additional 10,519 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Equifax were worth $2,367,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new position in Equifax during the 4th quarter valued at about $25,000. Ameriflex Group Inc. increased its stake in Equifax by 612.5% during the fourth quarter. Ameriflex Group Inc. now owns 114 shares of the credit services provider’s stock worth $25,000 after purchasing an additional 98 shares during the period. Reflection Asset Management purchased a new stake in Equifax during the fourth quarter worth about $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Equifax during the fourth quarter worth about $26,000. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Equifax in the fourth quarter valued at approximately $29,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades A number of research analysts recently weighed in on EFX shares. Weiss Ratings upgraded shares of Equifax from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft set a $208.00 target price on shares of Equifax in a report on Wednesday. Rothschild & Co Redburn dropped their price target on shares of Equifax from $226.00 to $214.00 in a research note on Friday, May 8th. Barclays cut their price objective on Equifax from $215.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Morgan Stanley reduced their price objective on Equifax from $243.00 to $225.00 and set an “overweight” rating on the stock in a research note on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $215.79.

Get Our Latest Report on Equifax

Insider Activity at Equifax In other news, EVP Chad M. Borton sold 2,455 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $173.89, for a total value of $426,899.95. Following the transaction, the executive vice president owned 29,518 shares in the company, valued at approximately $5,132,885.02. This represents a 7.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.70% of the company’s stock.

Equifax Trading Down 0.3% NYSE EFX opened at $172.08 on Monday. Equifax, Inc. has a 52 week low of $150.74 and a 52 week high of $271.84. The firm has a 50 day moving average of $165.98 and a two-hundred day moving average of $182.39. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $20.22 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 1.39 and a beta of 1.32.

Equifax (NYSE:EFX – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The credit services provider reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. Equifax had a net margin of 10.73% and a return on equity of 21.61%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $2.00 EPS. Equifax has set its Q3 2026 guidance at 2.150-2.250 EPS and its FY 2026 guidance at 8.390-8.690 EPS. As a group, research analysts expect that Equifax, Inc. will post 8.55 EPS for the current fiscal year.

Equifax Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, May 22nd. Equifax’s dividend payout ratio is currently 39.37%.

Equifax Company Profile (Free Report)

Equifax Inc (NYSE: EFX) is a global data, analytics and technology company that specializes in consumer and commercial credit reporting, decisioning tools and identity solutions. Headquartered in Atlanta, Georgia, Equifax is one of the three major consumer credit reporting agencies in the United States and provides credit information and related services to lenders, employers, governments and consumers worldwide.

The company’s offerings include consumer credit reports and scores, credit monitoring and identity protection services, and a range of business-oriented products for risk management, fraud detection and compliance.

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Equifax Inc. (EFX) Q2 2026 Earnings Call July 21, 2026 8:30 AM EDT

Company Participants

Trevor Burns - Senior Vice President of Corporate Investor Relations
Mark Begor - CEO & Director
John Gamble - Executive VP, CFO & COO

Conference Call Participants

Jeffrey Meuler - Robert W. Baird & Co. Incorporated, Research Division
Toni Kaplan - Morgan Stanley, Research Division
Alexander EM Hess - JPMorgan Chase & Co, Research Division
Shlomo Rosenbaum - Stifel, Nicolaus & Company, Incorporated, Research Division
Manav Patnaik - Barclays Bank PLC, Research Division
Faiza Alwy - Deutsche Bank AG, Research Division
Andrew Nicholas - William Blair & Company L.L.C., Research Division
Ashish Sabadra - RBC Capital Markets, Research Division
Jason Haas - Wells Fargo Securities, LLC, Research Division
Kyle Peterson - Needham & Company, LLC, Research Division
Kevin McVeigh - UBS Investment Bank, Research Division
Surinder Thind - Jefferies LLC, Research Division
Curtis Nagle - BofA Securities, Research Division
Rayna Kumar - Oppenheimer & Co. Inc., Research Division
Kelsey Zhu - Autonomous Research US LP
Scott Wurtzel - Wolfe Research, LLC
Simon Alistair Clinch - Rothschild & Co Redburn, Research Division
Ryan Griffin - BMO Capital Markets Equity Research
Keen Fai Tong - Goldman Sachs Group, Inc., Research Division

Presentation

Operator

Greetings, and welcome to the Equifax Second Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

I'd now like to turn the call over to your host, Mr. Trevor Burns, Senior Vice President, Investor Relations. Thank you, sir. Please go ahead.

Trevor Burns
Senior Vice President of Corporate Investor Relations

Thanks, and good morning. Welcome to today's conference call. I'm Trevor Burns. With me today are Mark Begor, Chief Executive Officer; and John Gamble, Chief Financial Officer. Today's call is being recorded. An archive of the recording will be available later today in the IR Calendar section of the News and Events tab at our Investor Relations website. During the call, we will be making reference to certain

, /PRNewswire/ -- Equifax® (NYSE: EFX) today announced financial results for the quarter ended June 30, 2026.

Second quarter reported revenue of $1.700 billion, up a strong 11% with 10% local currency revenue growth. Diversified markets revenue up 7% on a reported basis, up 6% in local currency, with strong performances in Workforce Solutions and USIS. Workforce Solutions second quarter revenue up 7%. Verification Services revenue up 7% led by high double digit revenue growth in Talent Solutions and Consumer Lending. Strong execution in Government with agreements signed in First Half totaling about $300 million in annual contract value. USIS second quarter revenue up strong 17% with Diversified Markets revenue growth accelerating sequentially over 300 basis points to 6%. USIS Mortgage revenue up 40%. International second quarter revenue up 8% on a reported basis. Local currency revenue growth up 4% with high single digit revenue growth in Asia Pacific and mid single digit growth in Canada. Second quarter U.S. Mortgage revenue up very strong 25%. New Product Innovation leveraging the EFX Cloud, EFX.AI, and proprietary data delivered strong 16% new product Vitality Index. Doubling 2026-2028 AI-driven cost reduction target to $150 million. Returned $366 million in cash to shareholders through share repurchases and quarterly dividend. Signed a definitive agreement to acquire Círculo de Crédito, the fastest growing credit bureau in Mexico, for an enterprise value of $750 million. Expected to close in the fourth quarter of 2026. "Equifax delivered a strong second quarter performance executing on our EFX2028 Strategic Priorities with reported revenue of $1.700 billion, up 11% on a reported basis, with 10% local currency revenue growth enabled by a 16% new product Vitality Index, above our 10% long-term goal, with double digit Vitality across all business units. Diversified Markets local currency revenue growth of 6% reflects strong revenue growth in Workforce Solutions and USIS. U.S. Mortgage revenue grew 25% and in line with our expectations despite higher mortgage rates throughout the second quarter.

Workforce Solutions delivered 7% revenue growth, with Diversified Markets growth of 6% led by strong high double digit growth in Talent Solutions and Consumer Lending. The Workforce Solutions Government team continues to execute well, signing new contract wins and renewals totaling about $300 million in annual contract value in the first half of 2026 that will principally benefit 2027 and beyond. Workforce Solutions Mortgage revenue was up 8%. USIS delivered strong revenue growth of 17%, with Diversified Markets revenue growth of 6%, which was up over 300 basis points sequentially and very strong 40% Mortgage revenue growth. International delivered 4% local currency revenue growth with high single digit revenue growth in Asia Pacific and mid single digit growth in Canada.

Equifax is on offense deploying EFX.AI to deliver higher-performing products, models and scores while driving AI agents and tools across our operations, technology, and support teams for productivity. We are doubling our AI-driven cost reduction goal set earlier in the year to $150 million from 2026 to 2028, reflecting the accelerating momentum deploying AI across EFX to drive speed, accuracy, and productivity.

Equifax signed a definitive agreement to acquire Círculo de Crédito, the fastest growing credit bureau in Mexico, for an enterprise value of $750 million. The acquisition fits perfectly in our balanced capital allocation framework, with our focus on highly accretive bolt-on acquisitions while continuing significant ongoing return of capital to shareholders and maintaining our strong investment grade balance sheet. Equifax returned $366 million of cash to shareholders in the quarter, including repurchasing 1.8 million shares, or about 1% of shares outstanding, for $300 million and paying $66 million in quarterly dividends," said Mark W. Begor, Equifax Chief Executive Officer. 

"Equifax is fundamentally a different company on how we go to market from Technology to Data & Analytics, EFX.AI capabilities, product focus, and AI-driven Operations all leveraging our Cloud technology investment and patented EFX.AI products and D&A capabilities. Equifax's scale proprietary data is the foundation of our AI data moat and a big competitive advantage, and we are expanding our capabilities to leverage our unique, non-public data assets with EFX.AI and our Agentic AI capabilities to rapidly deliver higher-performing scores, models, and multi-market products to help our customers grow.

Our strong second quarter results reflect the resiliency of the broad-based Equifax business model in an increasingly uncertain economy. We are energized about the New Equifax and we expect to deliver higher growth, margins, and accelerating free cash flow, and returning cash to shareholders in the future."

Financial Results Summary

The Company reported revenue of $1,700.1 million in the second quarter of 2026, up 11% and 10% on a reported and local currency basis, respectively, compared to the second quarter of 2025.

Net income attributable to Equifax of $183.9 million was down 4% in the second quarter of 2026 compared to $191.3 million in the second quarter of 2025.

Diluted EPS attributable to Equifax was $1.54 per share in the second quarter of 2026, up 1% compared to $1.53 per share in the second quarter of 2025.

Workforce Solutions Second Quarter Results

Total revenue was $705.4 million in the second quarter of 2026, up 7% compared to the second quarter of 2025. Operating margin for Workforce Solutions was 44.9% in the second quarter of 2026 compared to 46.4% in the second quarter of 2025. Adjusted EBITDA margin for Workforce Solutions was 52.1% in the second quarter of 2026 compared to 53.3% in the second quarter of 2025. Verification Services revenue was $607.6 million, up 7% compared to the second quarter of 2025. Employer Services revenue was $97.8 million, up 3% compared to the second quarter of 2025. USIS Second Quarter Results

Total revenue was $611.6 million in the second quarter of 2026, up 17% compared to the second quarter of 2025. Operating margin for USIS was 22.5% in the second quarter of 2026 compared to 22.6% in the second quarter of 2025. Adjusted EBITDA margin for USIS was 32.8% in the second quarter of 2026 compared to 35.0% in the second quarter of 2025. Online Information Solutions revenue was $545.4 million, up 19% compared to the second quarter of 2025. Financial Marketing Services revenue was $66.2 million, up 4% compared to the second quarter of 2025. International Second Quarter Results

Total revenue was $383.1 million in the second quarter of 2026, up 8% and up 4% compared to the second quarter of 2025 on a reported and local currency basis, respectively. Operating margin for International was 12.1% in the second quarter of 2026 compared to 10.9% in the second quarter of 2025. Adjusted EBITDA margin for International was 27.6% in the second quarter of 2026 compared to 26.4% in the second quarter of 2025. Latin America revenue was $109.0 million, up 9% compared to the second quarter of 2025 on a reported basis and up 3% on a local currency basis. Europe revenue was $101.1 million, up 2% compared to the second quarter of 2025 on a reported basis and up 1% on a local currency basis. Asia Pacific revenue was $99.7 million, up 17% compared to the second quarter of 2025 on a reported basis and up 7% on a local currency basis. Canada revenue was $73.3 million, up 6% compared to the second quarter of 2025 on a reported and local currency basis. Adjusted EPS and Adjusted EBITDA Margin

Adjusted EPS attributable to Equifax was $2.25 in the second quarter of 2026, up 13% compared to the second quarter of 2025. Adjusted EBITDA margin was 32.5% in the second quarter of 2026, flat compared to the second quarter of 2025. These financial measures exclude certain items as described further in the Non-GAAP Financial Measures section below. 2026 Third Quarter and Full Year Guidance

Q3 2026

FY 2026

Low-End

High-End

Low-End

High-End

Reported Revenue

$1.680 billion

$1.710 billion

$6.710 billion

$6.780 billion

Reported Revenue Growth

8.7 %

10.7 %

10.5 %

11.6 %

Local Currency Growth (1)

8.4 %

10.4 %

9.8 %

10.9 %

Organic Local Currency Growth (1)

8.3 %

10.3 %

9.7 %

10.8 %

Adjusted Earnings Per Share

$2.15 per share

$2.25 per share

$8.39 per share

$8.69 per share

(1) Refer to page 9 for definitions. Additionally, the definitions can be found in the Non-GAAP Financial Measures below.

About Equifax

At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by approximately 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com.

Earnings Conference Call and Audio Webcast

In conjunction with this release, Equifax will host a conference call on July 21, 2026 at 8:30 a.m. (ET) via a live audio webcast. To access the webcast and related presentation materials, go to the Investor Relations section of our website at www.equifax.com. The discussion will be available via replay at the same site shortly after the conclusion of the webcast. This press release is also available at that website.

Non-GAAP Financial Measures

This earnings release presents adjusted EPS attributable to Equifax which is diluted EPS attributable to Equifax adjusted (to the extent noted above for different periods) for acquisition-related amortization expense of certain acquired intangibles, accrual for legal and regulatory matters related to the 2017 cybersecurity incident, gain on sale of an equity investment, foreign currency impact of certain intercompany loans, acquisition-related costs other than acquisition amortization, income tax effect of stock awards recognized upon vesting or settlement, Argentina highly inflationary foreign currency adjustment, realignment of resources and other costs, antitrust litigation costs and an accrual for a legal settlement. All adjustments are net of tax, with a reconciling item with the aggregated tax impact of the adjustments. This earnings release also presents (i) adjusted EBITDA and adjusted EBITDA margin, which is defined as consolidated net income attributable to Equifax plus net interest expense, income taxes, depreciation and amortization, and also excludes certain one-time items, (ii) local currency revenue change, which is calculated by conforming 2026 results using 2025 exchange rates, (iii) organic local currency revenue growth, which is defined as local currency revenue growth, adjusted to reflect an increase in prior year Equifax revenue from the revenue of acquired companies in the prior year period, (iv) free cash flow, which is defined as cash provided by operating activities less capital expenditures, and (v) cash conversion, which is defined as the ratio of free cash flow to adjusted net income. These are important financial measures for Equifax but are not financial measures as defined by GAAP.

These non-GAAP financial measures should be reviewed in conjunction with the relevant GAAP financial measures and are not presented as an alternative measure of net income or EPS as determined in accordance with GAAP.

Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures and related notes are presented in the Q&A. This information can also be found under "Investor Relations/Financial Information/Non-GAAP Financial Measures" on our website at www.equifax.com.

Forward-Looking Statements

This release contains forward-looking statements and forward-looking information. These statements can be identified by expressions of belief, expectation or intention, as well as statements that are not historical fact. These statements are based on certain factors and assumptions including with respect to foreign exchange rates, revenue growth, results of operations and financial performance, strategic initiatives, business plans, prospects and opportunities, the U.S. mortgage market, economic conditions and effective tax rates.

While Equifax believes these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Several factors could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These factors relate to (i) actions taken by us, including, but not limited to, restructuring actions, strategic initiatives (such as our cloud technology transformation), capital investments and asset acquisitions or dispositions, as well as (ii) developments beyond our control, including, but not limited to, changes in the U.S. mortgage market environment and changes more generally in U.S. and worldwide economic conditions (including resulting from changes in interest rates and inflation levels, the evolving impact of tariffs and geopolitical conflicts) that materially impact consumer spending, home prices, investment values, consumer debt, unemployment rates and the demand for Equifax's products and services. Deteriorations in economic conditions or increases in interest rates could lead to a decline in demand for our products and services and negatively impact our business. It may also impact financial markets and corporate credit markets, which could adversely impact our access to financing or the terms of any financing.

Other risk factors relevant to our business include: (i) any compromise of Equifax, customer or consumer information due to security breaches and other disruptions to our information technology infrastructure; (ii) the failure to achieve and maintain key industry or technical certifications; (iii) the failure to realize the anticipated benefits of our cloud technology transformation strategy; (iv) operational disruptions and strain on our resources caused by our transition to cloud-based technologies; (v) our ability to meet customer requirements for high system availability and response time performance; (vi) effects on our business if we provide inaccurate or unreliable data to customers; (vii) our ability to maintain access to credit, employment, financial and other data from external sources; (viii) the impact of competition; (ix) our ability to maintain relationships with key customers and business partners; (x) our ability to successfully introduce new products, services and analytical capabilities; (xi) the impact on the demand for some of our products and services due to the availability of free or less expensive consumer information; (xii) our ability to comply with our obligations under settlement agreements arising out of a material cybersecurity incident in 2017; (xiii) potential adverse developments in new and pending legal proceedings, government investigations and regulatory enforcement actions; (xiv) changes in, and the effects of, laws, regulations and government policies governing our business, including oversight by the Consumer Financial Protection Bureau in the U.S., the U.K. Financial Conduct Authority and Information Commissioner's Office in the U.K., and the Office of Australian Information Commission and the Australian Competition and Consumer Commission in Australia; (xv) the impact of privacy, cybersecurity, artificial intelligence or other data-related laws and regulations; (xvi) the economic, political and other risks associated with international sales and operations; (xvii) the impact on our reputation and business from our responsible business commitments and disclosures; (xviii) our ability to realize the anticipated strategic and financial benefits from our acquisitions, joint ventures and other alliances; (xix) any damage to our reputation due to our dependence on outsourcing certain portions of our operations; (xx) the termination or suspension of our government contracts; (xxi) the impact of infringement or misappropriation of intellectual property by us against third parties or by third parties against us; (xxii) an increase in our cost of borrowing and our ability to access the capital markets due to a credit rating downgrade; (xxiii) our ability to hire and retain key personnel; (xxiv) the impact of adverse changes in the financial markets and corresponding effects on our retirement and post-retirement pension plans; (xxv) the impact of health epidemics, pandemics and similar outbreaks on our business; and (xxvi) risks associated with our use of certain artificial intelligence and machine learning models and systems.

A summary of additional risks and uncertainties can be found in our Annual Report on Form 10-K for the year ended December 31, 2025 including without limitation under the captions "Item 1. Business -- Governmental Regulation," "-- Forward-Looking Statements" and "Item 1A. Risk Factors" and in our other filings with the U.S. Securities and Exchange Commission. Forward-looking statements are given only as at the date of this release and Equifax disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

EQUIFAX INC.

CONSOLIDATED STATEMENTS OF INCOME

Three Months Ended June 30,

2026

2025

(In millions, except per share amounts)

Operating revenue

$           1,700.1

$           1,537.0

Operating expenses:

Cost of services (exclusive of depreciation and amortization below)

773.7

664.6

Selling, general and administrative expenses

422.5

384.2

Depreciation and amortization

189.7

177.4

Total operating expenses

1,385.9

1,226.2

Operating income

314.2

310.8

Interest expense

(59.8)

(53.1)

Other income, net

2.5

3.6

Consolidated income before income taxes

256.9

261.3

Provision for income taxes

(71.8)

(68.7)

Consolidated net income

185.1

192.6

Less: Net income attributable to noncontrolling interests including redeemable
noncontrolling interests

(1.2)

(1.3)

Net income attributable to Equifax

$             183.9

$             191.3

Basic earnings per common share:

Net income attributable to Equifax

$               1.55

$               1.54

Weighted-average shares used in computing basic earnings per share

118.4

124.0

Diluted earnings per common share:

Net income attributable to Equifax

$               1.54

$               1.53

Weighted-average shares used in computing diluted earnings per share

119.2

125.0

Dividends per common share

$               0.56

$               0.50

EQUIFAX INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

June 30, 2026

December 31, 2025

(In millions, except par values)

(Unaudited)

ASSETS

Current assets:

Cash and cash equivalents

$              170.1

$             180.8

Trade accounts receivable, net of allowance for doubtful accounts of $20.5 and $20.2 at June 30, 2026
and December 31, 2025, respectively

1,104.0

1,012.7

Prepaid expenses

166.5

144.2

Other current assets

140.7

74.5

Total current assets

1,581.3

1,412.2

Property and equipment:

Capitalized internal-use software and system costs

2,885.9

3,098.2

Data processing equipment and furniture

231.5

239.3

Land, buildings and improvements

296.7

299.6

Total property and equipment

3,414.1

3,637.1

Less accumulated depreciation and amortization

(1,484.9)

(1,704.7)

Total property and equipment, net

1,929.2

1,932.4

Goodwill

6,792.8

6,745.7

Indefinite-lived intangible assets

94.7

94.8

Purchased intangible assets, net

1,224.2

1,331.3

Other assets, net

359.6

347.8

Total assets

$           11,981.8

$          11,864.2

LIABILITIES AND EQUITY

Current liabilities:

Short-term debt and current maturities of long-term debt

$            1,410.3

$           1,038.0

Accounts payable

126.6

206.4

Accrued expenses

331.0

276.3

Accrued salaries and bonuses

165.9

286.1

Deferred revenue

101.2

101.2

Other current liabilities

490.5

427.4

Total current liabilities

2,625.5

2,335.4

Long-term debt

4,056.8

4,055.3

Deferred income tax liabilities, net

424.5

390.8

Long-term pension and other postretirement benefit liabilities

101.8

103.4

Other long-term liabilities

253.3

241.1

Total liabilities

7,461.9

7,126.0

Redeemable noncontrolling interests

121.5

114.4

Equifax shareholders' equity:

Preferred stock, $0.01 par value: Authorized shares - 10.0; Issued shares - none

—

—

Common stock, $1.25 par value: Authorized shares - 300.0;

Issued shares - 189.3 at June 30, 2026 and December 31, 2025;

Outstanding shares - 117.6 and 120.4 at June 30, 2026 and December 31, 2025, respectively

236.6

236.6

Paid-in capital

2,082.7

2,023.4

Retained earnings

6,666.3

6,445.1

Accumulated other comprehensive loss

(460.1)

(517.1)

Treasury stock, at cost, 71.1 and 68.3 shares at June 30, 2026 and December 31, 2025, respectively

(4,139.4)

(3,577.8)

Stock held by employee benefits trusts, at cost, 0.6 shares at June 30, 2026 and December 31, 2025

(5.9)

(5.9)

Total Equifax shareholders' equity

4,380.2

4,604.3

Noncontrolling interests

18.2

19.5

Total shareholders' equity

4,398.4

4,623.8

Total liabilities, redeemable noncontrolling interests, and shareholders' equity

$           11,981.8

$          11,864.2

EQUIFAX INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

Six Months Ended June 30,

2026

2025

(In millions)

(Unaudited)

Operating activities:

Consolidated net income

$            358.4

$            326.4

Adjustments to reconcile consolidated net income to net cash provided by operating activities:

Depreciation and amortization

376.2

355.7

Stock-based compensation expense

60.5

46.6

Deferred income taxes

38.0

(7.3)

Gain on sale of equity investment

—

(0.8)

Changes in assets and liabilities, excluding effects of acquisitions:

Accounts receivable, net

(91.2)

(69.0)

Other assets, current and long-term

(119.3)

(24.8)

Current and long term liabilities, excluding debt

(40.9)

(41.8)

Cash provided by operating activities

581.7

585.0

Investing activities:

Capital expenditures

(255.4)

(229.4)

Cash received from divestitures

—

0.8

Cash used in investing activities

(255.4)

(228.6)

Financing activities:

Net short-term borrowings (payments)

647.8

(115.9)

Payments on long-term debt

(276.4)

—

Treasury stock purchases

(560.0)

(127.4)

Payment of share repurchase excise tax

(8.3)

—

Dividends paid to Equifax shareholders

(133.5)

(110.5)

Distributions paid to noncontrolling interests

(5.6)

(4.2)

Proceeds from exercise of stock options and employee stock purchase plan

16.8

24.4

Payment of taxes related to settlement of equity awards

(15.4)

(13.2)

Debt issuance costs

(0.3)

—

Cash used in financing activities

(334.9)

(346.8)

Effect of foreign currency exchange rates on cash and cash equivalents

(2.1)

9.5

(Decrease) increase in cash and cash equivalents

(10.7)

19.1

Cash and cash equivalents, beginning of period

180.8

169.9

Cash and cash equivalents, end of period

$            170.1

$            189.0

Common Questions & Answers (Unaudited)

(Dollars in millions)

1.    Can you provide a further analysis of operating revenue by operating segment?

Operating revenue consists of the following components:

(In millions)

Three Months Ended June 30,

Local
Currency

Organic
Local
Currency

Operating revenue:

2026

2025

$ Change

% Change

% Change (1)

% Change (2)

Verification Services

$          607.6

$          567.1

$        40.5

7 %

7 %

Employer Services

97.8

95.0

2.8

3 %

3 %

Total Workforce Solutions

705.4

662.1

43.3

7 %

6 %

Online Information Solutions

545.4

457.8

87.6

19 %

19 %

Financial Marketing Services

66.2

63.7

2.5

4 %

4 %

Total U.S. Information Solutions

611.6

521.5

90.1

17 %

17 %

Latin America

109.0

99.6

9.4

9 %

3 %

3 %

Europe

101.1

99.2

1.9

2 %

1 %

1 %

Asia Pacific

99.7

85.3

14.4

17 %

7 %

7 %

Canada

73.3

69.3

4.0

6 %

6 %

6 %

Total International

383.1

353.4

29.7

8 %

4 %

4 %

Total operating revenue

$        1,700.1

$        1,537.0

$       163.1

11 %

10 %

9 %

(1)

Local currency revenue change is calculated by conforming 2026 results using 2025 exchange rates.

(2)

Organic local currency revenue growth is defined as local currency revenue growth, adjusted to reflect an increase in prior year Equifax revenue from the revenue of acquired companies in the prior year period. This adjustment is made for 12 months following the acquisition.

Reconciliations of Non-GAAP Financial Measures to the Comparable GAAP Financial Measures (Unaudited)

(Dollars in millions, except per share amounts)

A.    Reconciliation of net income attributable to Equifax to adjusted net income attributable to Equifax and adjusted diluted EPS attributable to Equifax, defined as net income and EPS, respectively, each adjusted for acquisition-related amortization expense of certain acquired intangibles, accrual for legal and regulatory matters related to the 2017 cybersecurity incident, gain on sale of an equity investment, foreign currency impact of certain intercompany loans, acquisition-related costs other than acquisition amortization, income tax effect of stock awards recognized upon vesting or settlement, Argentina highly inflationary foreign currency adjustment, realignment of resources and other costs, antitrust litigation costs, accrual for a legal settlement and aggregated tax impact of these adjustments:

Three Months Ended June 30,

(In millions, except per share amounts)

2026

2025

$ Change

% Change

Net income attributable to Equifax

$          183.9

$          191.3

$      (7.4)

(4) %

Acquisition-related amortization expense of certain acquired intangibles (1)

61.2

62.5

(1.3)

(2) %

Accrual for legal and regulatory matters related to the 2017 cybersecurity incident (2)

0.4

0.4

—

— %

Gain on sale of equity investment (3)

—

(0.8)

0.8

nm

Foreign currency impact of certain intercompany loans (4)

—

(0.1)

0.1

nm

Acquisition-related costs other than acquisition amortization (5)

7.0

6.1

0.9

15 %

Income tax effects of stock awards that are recognized upon vesting or settlement (6)

—

(0.7)

0.7

nm

Argentina highly inflationary foreign currency adjustment (7)

0.6

1.3

(0.7)

(54) %

Realignment of resources and other costs (8)

—

4.6

(4.6)

nm

Antitrust litigation costs (9)

0.6

—

0.6

nm

Accrual for a legal settlement (10)

40.0

—

40.0

nm

Tax impact of adjustments (11)

(25.1)

(14.9)

(10.2)

68 %

Adjusted net income attributable to Equifax

$          268.6

$          249.7

$      18.9

8 %

Adjusted diluted EPS attributable to Equifax

$           2.25

$           2.00

$      0.25

13 %

Weighted-average shares used in computing diluted EPS

119.2

125.0

nm - not meaningful

(1)

During the second quarter of 2026, we recorded acquisition-related amortization expense of certain acquired intangibles of $61.2 million ($48.9 million, net of tax). We calculate this financial measure by excluding the impact of acquisition-related amortization expense and including a benefit to reflect the significant cash income tax savings resulting from the income tax deductibility of amortization for certain acquired intangibles. The $12.3 million of tax is comprised of $16.3 million of tax expense, net of $4.0 million of a cash income tax benefit. During the second quarter of 2025, we recorded acquisition-related amortization expense of certain acquired intangibles of $62.5 million ($50.0 million, net of tax). The $12.5 million of tax is comprised of $16.6 million of tax expense, net of $4.1 million of a cash income tax benefit. See the Notes to this reconciliation for additional detail.

(2)

During the second quarter of 2026 and 2025, we recorded an accrual for legal and regulatory matters related to the 2017 cybersecurity incident of $0.4 million. See the Notes to this reconciliation for additional detail.
 

(3)

During the second quarter of 2025, we recorded a gain on sale of an equity investment of $0.8 million ($0.4 million), net of tax). The impact was recorded to the Other income, net line item within the Consolidated Statements of Income. See the Notes to this reconciliation for additional details.

(4)

During the second quarter of 2025, we recorded a foreign currency gain of $0.1 million on certain intercompany loans. The impact was recorded to the Other income, net line item within the Consolidated Statements of Income. See the Notes to this reconciliation for additional detail.

(5)

During the second quarter of 2026 and 2025, we recorded $7.0 million ($4.1 million, net of tax) and $6.1 million ($4.4 million, net of tax), respectively, for acquisition-related costs other than acquisition amortization. These costs primarily related to integration costs resulting from recent acquisition activity and were recorded in operating income. See the Notes to this reconciliation for additional detail.

(6)

During the second quarter of 2025, we recorded a tax benefit of $0.7 million related to the tax effects of deductions for stock compensation in excess of amounts recorded for compensation costs. See the Notes to this reconciliation for additional detail.

(7)

Argentina experienced multiple periods of increasing inflation rates, devaluation of the peso, and increasing borrowing rates. As such, Argentina was deemed a highly inflationary economy by accounting policymakers. During the second quarter of 2026 and 2025, we recorded a foreign currency loss of $0.6 million and $1.3 million, respectively, related to the impact of remeasuring the peso denominated monetary assets and liabilities as a result of Argentina being a highly inflationary economy. See the Notes to this reconciliation for additional detail.

(8)

During the second quarter of 2025, we recorded $4.6 million ($3.5 million, net of tax) of restructuring charges related to contract terminations, which relate to our efforts to complete our cloud technology transformation. See the Notes to this reconciliation for additional detail.

(9)

During the second quarter of 2026, we recorded costs related to antitrust litigation pertaining to our Workforce Solutions business unit in the amount of $0.6 million ($0.5 million, net of tax). See the Notes to this reconciliation for additional detail.

(10)

During the second quarter of 2026, we recorded an accrual of $100.0 million, which net of expected insurance proceeds of $60.0 million, resulted in a charge of $40.0 million ($30.2 million, net of tax), for a legal settlement associated with the resolution of claims related to a previously-disclosed coding issue. See the Notes to this reconciliation for additional detail.

(11)

During the second quarter of 2026, we recorded the tax impact of adjustments of $25.1 million comprised of (i) acquisition-related amortization expense of certain acquired intangibles of $12.3 million ($16.3 million of tax expense, net of $4.0 million of cash income tax benefit), (ii) a tax adjustment of $2.9 million related to acquisition-related costs other than acquisition amortization, (iii) a tax adjustment of $0.1 million related to antitrust litigation costs and (iv) a tax adjustment of $9.8 million related to an accrual for a legal settlement.

During the second quarter of 2025, we recorded the tax impact of adjustments of $14.9 million comprised of (i) acquisition-related amortization expense of certain acquired intangibles of $12.5 million ($16.6 million of tax expense, net of $4.1 million of cash income tax benefit), (ii) a tax adjustment of $0.4 million related to the gain on sale of an equity investments, (iii) a tax adjustment of $1.7 million related to acquisition-related costs other than acquisition amortization, and (iv) a tax adjustment of $1.1 million related to restructuring charges.

B.    Reconciliation of net income attributable to Equifax to adjusted EBITDA, defined as net income excluding income taxes, interest expense, net, depreciation and amortization expense, accrual for legal and regulatory matters related to the 2017 cybersecurity incident, gain on sale of an equity investment, foreign currency impact of certain intercompany loans, acquisition-related costs other than acquisition amortization, Argentina highly inflationary foreign currency adjustment, realignment of resources and other costs, antitrust litigation costs, accrual for a legal settlement and presentation of adjusted EBITDA margin: 

Three Months Ended June 30,

 (In millions)

2026

2025

$ Change

% Change

Revenue

$      1,700.1

$      1,537.0

$     163.1

11 %

Net income attributable to Equifax

$       183.9

$        191.3

$      (7.4)

(4) %

Income taxes

71.8

68.7

3.1

5 %

Interest expense, net*

58.1

50.4

7.7

15 %

Depreciation and amortization

189.7

177.4

12.3

7 %

Accrual for legal and regulatory matters related to 2017 cybersecurity incident (1)

0.4

0.4

—

— %

Gain on sale of equity investment (2)

—

(0.8)

0.8

nm

Foreign currency impact of certain intercompany loans (3)

—

(0.1)

0.1

nm

Acquisition-related costs other than acquisition amortization (4)

7.0

6.1

0.9

15 %

Argentina highly inflationary foreign currency adjustment (5)

0.6

1.3

(0.7)

(54) %

Realignment of resources and other costs (6)

—

4.6

(4.6)

nm

Antitrust litigation costs (7)

0.6

—

0.6

nm

Accrual for a legal settlement (8)

40.0

—

40.0

nm

Adjusted EBITDA, excluding the items listed above

$       552.1

$        499.3

$      52.8

11 %

Adjusted EBITDA margin

32.5 %

32.5 %

nm - not meaningful

*Excludes interest income of $1.7 million in the second quarter of 2026 and $2.7 million in the second quarter of 2025.

(1)

During the second quarter of 2026 and 2025, we recorded an accrual for legal and regulatory matters related to the 2017 cybersecurity incident of $0.4 million. See the Notes to this reconciliation for additional detail.

(2)

During the second quarter of 2025, we recorded a gain on sale of an equity investment of $0.8 million ($0.4 million), net of tax). The impact was recorded to the Other income, net line item within the Consolidated Statements of Income. See the Notes to this reconciliation for additional details.

(3)

During the second quarter of 2025, we recorded a foreign currency gain of $0.1 million on certain intercompany loans. The impact was recorded to the Other income, net line item within the Consolidated Statements of Income. See the Notes to this reconciliation for additional detail.

(4)

During the second quarter of 2026 and 2025, we recorded $7.0 million ($4.1 million, net of tax) and $6.1 million ($4.4 million, net of tax), respectively, for acquisition-related costs other than acquisition amortization. These costs primarily related to integration costs resulting from recent acquisition activity and were recorded in operating income. See the Notes to this reconciliation for additional detail.

(5)

Argentina experienced multiple periods of increasing inflation rates, devaluation of the peso, and increasing borrowing rates. As such, Argentina was deemed a highly inflationary economy by accounting policymakers. During the second quarter of 2026 and 2025, we recorded a foreign currency loss of $0.6 million and $1.3 million, respectively, related to the impact of remeasuring the peso denominated monetary assets and liabilities as a result of Argentina being a highly inflationary economy. See the Notes to this reconciliation for additional detail.

(6)

During the second quarter of 2025, we recorded $4.6 million ($3.5 million, net of tax) of restructuring charges related to contract terminations, which relate to our efforts to complete our cloud technology transformation. See the Notes to this reconciliation for additional detail.

(7)

During the second quarter of 2026, we recorded costs related to antitrust litigation pertaining to our Workforce Solutions business unit in the amount of $0.6 million ($0.5 million net of tax). See the Notes to this reconciliation for additional detail.

(8)

During the second quarter of 2026, we recorded an accrual of $100.0 million, which, net of expected insurance proceeds of $60.0 million, resulted in a charge of $40.0 million ($30.2 million, net of tax), for a legal settlement associated with the resolution of claims related to a previously-disclosed coding issue. See the Notes to this reconciliation for additional detail.

C.    Reconciliation of operating income by segment to Adjusted EBITDA, excluding depreciation and amortization expense, other income, net, noncontrolling interest, accrual for legal and regulatory matters related to the 2017 cybersecurity incident, gain on sale of an equity investment, foreign currency impact of certain intercompany loans, acquisition-related costs other than acquisition amortization, Argentina highly inflationary foreign currency adjustment, realignment of resources and other costs, antitrust litigation costs, accrual for a legal settlement and presentation of adjusted EBITDA margin for each of the segments:

(In millions)

Three Months Ended June 30, 2026

Workforce

Solutions

U.S.
Information
Solutions

International

General

Corporate
Expense

Total

Revenue

$       705.4

$       611.6

$       383.1

—

$     1,700.1

Operating income

316.7

137.8

46.3

(186.6)

314.2

Depreciation and amortization

49.6

61.9

53.5

24.7

189.7

Other income (expense), net*

—

0.5

1.5

(1.2)

0.8

Noncontrolling interest

—

—

(1.2)

—

(1.2)

Adjustments (1)

1.2

0.2

5.8

41.4

48.6

Adjusted EBITDA

$       367.5

$       200.4

$       105.9

$        (121.7)

$       552.1

Operating margin

44.9 %

22.5 %

12.1 %

nm

18.5 %

Adjusted EBITDA margin

52.1 %

32.8 %

27.6 %

nm

32.5 %

nm - not meaningful

*Excludes interest income of $1.1 million in International and $0.6 million in General Corporate Expense.

(In millions)

Three Months Ended June 30, 2025

Workforce
Solutions

U.S.
Information
Solutions

International

General
Corporate

Expense

Total

Revenue

$       662.1

$        521.5

$        353.4

—

$      1,537.0

Operating income

307.3

118.0

38.6

(153.1)

310.8

Depreciation and amortization

44.8

62.8

46.1

23.7

177.4

Other (expense) income, net*

(0.1)

0.7

1.4

(1.1)

0.9

Noncontrolling interest

—

—

(1.3)

—

(1.3)

Adjustments (1)

1.1

0.9

8.6

0.9

11.5

Adjusted EBITDA

$       353.1

$        182.4

$         93.4

$        (129.6)

$        499.3

Operating margin

46.4 %

22.6 %

10.9 %

nm

20.2 %

Adjusted EBITDA margin

53.3 %

35.0 %

26.4 %

nm

32.5 %

nm - not meaningful

*Excludes interest income of $2.3 million in International and $0.4 million in General Corporate Expense.

(1)

During the second quarter of 2026, we recorded pre-tax expenses of $0.4 million for an accrual for legal and regulatory matters related to the 2017 cybersecurity incident, $7.0 million for acquisition-related costs other than acquisition amortization, $0.6 million for a foreign currency loss related to the impact of remeasuring the peso denominated monetary assets and liabilities as a result of Argentina being a highly inflationary economy, $0.6 million of antitrust litigation costs, and $40.0 million for an accrual for a legal settlement, net of expected insurance proceeds.

During the second quarter of 2025, we recorded pre-tax expenses of $0.4 million for an accrual for legal and regulatory matters related to the 2017 cybersecurity incident, an $0.8 million gain on sale of an equity investment, a $0.1 million foreign currency gain on certain intercompany loans, $6.1 million for acquisition-related costs other than acquisition amortization, a foreign currency loss of $1.3 million related to the impact of remeasuring the peso denominated monetary assets and liabilities as a result of Argentina being a highly inflationary economy, and $4.6 million of restructuring charges for the realignment of resources and other costs.

Notes to Reconciliations of Non-GAAP Financial Measures to the Comparable GAAP Financial Measures

Diluted EPS attributable to Equifax is adjusted for the following items:

Acquisition-related amortization expense - During the second quarter of 2026 and 2025, we recorded acquisition-related amortization expense of certain acquired intangibles of $61.2 million ($48.9 million, net of tax) and $62.5 million ($50.0 million, net of tax), respectively. We calculate this financial measure by excluding the impact of acquisition-related amortization expense and including a benefit to reflect the material cash income tax savings resulting from the income tax deductibility of amortization for certain acquired intangibles. These financial measures are not prepared in conformity with GAAP. Management believes excluding the impact of amortization expense is useful because excluding acquisition-related amortization, and other items that are not comparable, allows investors to evaluate our performance for different periods on a more comparable basis. Certain acquired intangibles result in material cash income tax savings which are not reflected in earnings. Management believes that including a benefit to reflect the cash income tax savings is useful as it allows investors to better value Equifax. Management makes these adjustments to earnings when measuring profitability, evaluating performance trends, setting performance objectives and calculating our return on invested capital.

Accrual for legal and regulatory matters related to the 2017 cybersecurity incident - Accrual for legal and regulatory matters related to the 2017 cybersecurity incident includes legal fees to respond to subsequent litigation and government investigations for both periods presented. During the second quarter of 2026 and 2025, we recorded an accrual for legal and regulatory matters related to the 2017 cybersecurity incident of $0.4 million. Management believes excluding these charges is useful as it allows investors to evaluate our performance for different periods on a more comparable basis. Management makes these adjustments to net income when measuring profitability, evaluating performance trends, setting performance objectives and calculating our return on invested capital. This is consistent with how management reviews and assesses Equifax's historical performance and is useful when planning, forecasting and analyzing future periods.

Gain on sale of equity investment - During the second quarter of 2025 we recorded a gain on sale of an equity investment of $0.8 million ($0.4 million, net of tax). Management believes excluding this charge from certain financial results provides meaningful supplemental information regarding our financial results for the three months ended June 30, 2025, since the non-operating gain is not comparable among the periods. This is consistent with how our management reviews and assesses Equifax's historical performance and is useful when planning, forecasting and analyzing future periods.

Foreign currency impact of certain intercompany loans - During the second quarter of 2025, we recorded a gain of $0.1 million related to foreign currency impact of certain intercompany loans. Management believes excluding this charge is useful as it allows investors to evaluate our performance for different periods on a more comparable basis. This is consistent with how management reviews and assesses Equifax's historical performance and is useful when planning, forecasting and analyzing future periods.

Acquisition-related costs other than acquisition amortization - During the second quarter of 2026 and 2025, we recorded $7.0 million ($4.1 million, net of tax) and $6.1 million ($4.4 million, net of tax), respectively, for acquisition-related costs other than acquisition amortization. These costs primarily related to transaction and integration costs resulting from recent acquisitions and were recorded in operating income. Management believes excluding this charge from certain financial results provides meaningful supplemental information regarding our financial results, since a charge of such an amount is not comparable among the periods. This is consistent with how our management reviews and assesses Equifax's historical performance and is useful when planning, forecasting, and analyzing future periods.

Income tax effects of stock awards that are recognized upon vesting or settlement - During the second quarter of 2025, we recorded a tax benefit of $0.7 million related to the tax effects of deductions for stock compensation in excess of amounts recorded for compensation costs. Management believes excluding this tax effect from financial results provides meaningful supplemental information regarding our financial results for the three months ended June 30, 2025 because these amounts are non-operating and relate to income tax benefits or deficiencies for stock awards recognized when tax amounts differ from recognized stock compensation cost. This is consistent with how management reviews and assesses Equifax's historical performance and is useful when planning, forecasting and analyzing future periods.

Argentina highly inflationary foreign currency adjustment - Argentina experienced multiple periods of increasing inflation rates, devaluation of the peso, and increasing borrowing rates. As such, Argentina was deemed a highly inflationary economy by accounting policymakers. We recorded a foreign currency loss of $0.6 million and $1.3 million during the second quarter of 2026 and 2025, respectively, as a result of remeasuring the peso denominated monetary assets and liabilities due to Argentina being highly inflationary. Management believes excluding this charge is useful as it allows investors to evaluate our performance for different periods on a more comparable basis. This is consistent with how management reviews and assesses Equifax's historical performance and is useful when planning, forecasting and analyzing future periods.

Charge related to the realignment of resources and other costs - During the second quarter of 2025, we recorded $4.6 million ($3.5 million, net of tax) of restructuring charges related to contract terminations, which relate to our efforts to complete our cloud technology transformation. Management believes excluding these charges from certain financial results provides meaningful supplemental information regarding our financial results since a charge of such an amount is not comparable among the periods. This is consistent with how our management reviews and assesses Equifax's historical performance and is useful when planning, forecasting and analyzing future periods.

Antitrust litigation costs - Antitrust litigation costs include legal fees to respond to antitrust litigation pertaining to our Workforce Solutions business unit. During the second quarter of 2026, we recorded costs related to antitrust litigation pertaining to our Workforce Solutions business unit in the amount of $0.6 million ($0.5 million, net of tax). Management believes excluding these charges is useful as it allows investors to evaluate our performance for different periods on a more comparable basis, as these legal matters are outside of the normal course of Equifax's continuing business operations. Management makes these adjustments to net income when measuring profitability, evaluating performance trends, setting performance objectives and calculating our return on invested capital. This is consistent with how management reviews and assesses Equifax's historical performance and is useful when planning, forecasting and analyzing future periods.

Accrual for a legal settlement -  During the second quarter of 2026, we recorded an accrual of $100.0 million, which net of expected insurance proceeds of $60.0 million, resulted in a charge of $40.0 million ($30.2 million, net of tax) for a legal settlement associated with the resolution of claims related to a previously-disclosed coding issue, which represents our best estimate of the liability related to settlement of this matter. Management believes excluding this charge from certain financial results provides meaningful supplemental information regarding our financial results for the three months ended June 30, 2026, because a charge of such an amount is not comparable among the periods. This is consistent with how our management reviews and assesses Equifax's historical performance and is useful when planning, forecasting and analyzing future periods.

Adjusted EBITDA and EBITDA margin - Management defines adjusted EBITDA as consolidated net income attributable to Equifax plus net interest expense, income taxes, depreciation and amortization, and also excludes certain one-time items. Management believes the use of adjusted EBITDA and adjusted EBITDA margin allows investors to evaluate our performance for different periods on a more comparable basis.

SOURCE Equifax Inc.

Wall Street expects a year-over-year increase in earnings on higher revenues when Equifax (EFX - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 21. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis credit reporting company is expected to post quarterly earnings of $2.21 per share in its upcoming report, which represents a year-over-year change of +10.5%.

Revenues are expected to be $1.69 billion, up 10.3% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Equifax?For Equifax, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.33%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Equifax will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Equifax would post earnings of $1.69 per share when it actually produced earnings of $1.86, delivering a surprise of +10.06%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Equifax doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Analysis of First Quarter 2026 Data Uncovers Accelerated Migration of Consumers Toward the Extremes of Economic stability and Pressure

, /PRNewswire/ -- Equifax® (NYSE: EFX) today released its first quarter 2026 Market Pulse Index, a measure of U.S. consumer financial health derived from anonymized credit, debt, income, and asset data along with VantageScore insights. The Market Pulse Index dipped from 61.6 to 60.9, marking its second straight quarter of decline, with drops observed across all generations. The Market Pulse Index continues to track a K-Shaped economy, highlighting three consumer segments - Thrivers (the top 10% with an index above 80), the Pivoting Middle (those with an index between 50 and 79), and Strivers (the bottom 20% with an index below 49) - each experiencing different financial situations.

"As the U.S. continues to navigate a K-shaped economy, where different segments of the population experience divergent financial realities simultaneously, we see that reaching the top financial tier creates powerful momentum, much like compounding interest, with those with the greatest amount of wealth continuing to accumulate more," said Emmaline Aliff, Advisory Leader at Equifax. "But for those who haven't reached the top financial tier, recent inflation and debt concentration are applying severe downward pressure. This pressure is contracting the size of the middle class."

Churning in the Middle Class

Within the Market Pulse Index consumer segments, the top-tier Thrivers group shrunk slightly, while the Strivers group expanded. At the same time, the Middle tier remained the same. This shows that consumers are moving toward the extremes of the financial stability spectrum rather than maintaining the middle.

The group with peak financial resilience, Thrivers, experienced a 5% drop in total size. The group facing heightened economic pressure, Strivers, saw a 2% increase in total size. The traditional "Pivoting Middle" tier saw a 0% change in total size during the first quarter of 2026. A review of data over a six quarter period, from the third quarter of 2024 until the end of the first quarter of 2026, tells the story of where the middle class is moving. A significant portion of individuals leaving the middle class are moving into the Strivers category, and 97% of that movement is explained by holding under $100,000 in assets. Conversely, more than two-thirds of those successfully climbing from the Middle to the Thrivers tier belong to the Affluent segment (over $1 million in assets).

Every Generation Saw a Downturn

For the second consecutive quarter, index values saw a downward trend across all age segments:

Generation Z dipped slightly to an average index of 58.9 (-0.1% QoQ). However, they exhibited significant variability, with an 11.73% segment showing upward index movement closely tied to proximity to family or neighborhood wealth safety nets. Millennials dropped to an average index of 58.1 (-1.2% QoQ). They lead all generations in significant index decreases (12.98%), as they navigate their prime earning years without the accumulated family wealth safety net that benefits younger consumers. Millennials also represent the largest portion of Strivers at 7.59%, driven primarily by a lack of assets. Generation X decreased to an average index of 60.3 (-0.8% QoQ) as they continue to balance peak career debt against the rising costs of essential needs. With an average index of 64.3 (-0.2% QoQ), Boomers+ remain the most financially stable segment with between 58% and 69% of the Boomer population remaining completely steady within their index range.  Boomers in the Thriver segment account for 3.80% of the total U.S. population — the highest among all generations within the Affluent tier. The Equifax Market Pulse Index provides a comprehensive view of U.S. consumer financial health by synthesizing anonymized credit, debt, income, and asset data with VantageScore insights. The Index is designed to capture the combined effects of multiple economic forces rather than focusing on a single variable. Measured on a scale of 1 to 100 — where 100 represents the greatest financial strength — the Index delivers a holistic picture of consumer economic well-being, allowing for precise comparisons across diverse demographics and generations.

The Equifax Market Pulse Index was built using AI and machine learning methods leveraging proprietary Equifax wealth and asset data along with data from the Equifax credit file and VantageScore 4.0 to provide a comprehensive view of consumer financial health. It distills the credit, debt, income, capacity, and assets of U.S. consumers into one benchmark number to reflect the cumulative index of both positive and negative financial factors. To learn more, read the full Market Pulse Index here.

ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com.

FOR MORE INFORMATION:
Tiffany Smith for Equifax
[email protected]

SOURCE Equifax Inc.