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Adjusted earnings were $2.25 per share, topping the analyst consensus estimate of $2.20. Revenue rose 11% year over year to $1.70 billion, ahead of the $1.696 billion consensus estimate. On a local currency basis, revenue increased 10%.

Equifax narrowed its full-year adjusted EPS guidance to $8.39 to $8.69 from a previous range of $8.34 to $8.74. The midpoint remains in line with the analyst consensus estimate of $8.60.

The company also tightened its full-year revenue outlook to $6.71 billion-$6.78 billion from $6.685 billion-$6.805 billion. The midpoint is broadly in line with the consensus estimate of $6.764 billion.

For the third quarter, Equifax forecast adjusted EPS of $2.15 to $2.25, below the analyst estimate of $2.26. It expects revenue of $1.68 billion to $1.71 billion, compared with the consensus estimate of $1.711 billion.

Equifax shares fell 2.5% to trade at $168.72 on Wednesday.

These analysts made changes to their price targets on Equifax following earnings announcement.

Needham analyst Kyle Peterson maintained the stock with a Buy and lowered the price target from $265 to $245. Barclays analyst Manav Patnaik maintained the stock with an Equal-Weight rating and cut the price target from $215 to $200. RBC Capital analyst Ashish Sabadra maintained the stock with an Outperform rating and lowered the price target from $222 to $194. Considering buying EFX stock? Here’s what analysts think:

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Posted by Defense World Staff on Jul 22nd, 2026

California Public Employees Retirement System decreased its position in shares of Equifax, Inc. (NYSE:EFX – Free Report) by 26.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,205 shares of the credit services provider’s stock after selling 56,857 shares during the period. California Public Employees Retirement System owned 0.13% of Equifax worth $28,848,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EFX. Cullen Frost Bankers Inc. bought a new stake in Equifax during the 4th quarter valued at approximately $25,000. Ameriflex Group Inc. increased its position in Equifax by 612.5% in the 4th quarter. Ameriflex Group Inc. now owns 114 shares of the credit services provider’s stock worth $25,000 after buying an additional 98 shares during the period. Kemnay Advisory Services Inc. acquired a new position in shares of Equifax during the fourth quarter worth approximately $26,000. Reflection Asset Management acquired a new position in shares of Equifax during the fourth quarter worth approximately $26,000. Finally, State of Wyoming bought a new stake in shares of Equifax in the second quarter valued at approximately $34,000. 96.20% of the stock is currently owned by institutional investors.

Key Stories Impacting Equifax Here are the key news stories impacting Equifax this week:

Positive Sentiment: Equifax posted Q2 2026 EPS of $2.25, topping estimates, while revenue of $1.70 billion rose 11% year over year and matched Wall Street expectations. The company also highlighted strength in USIS, mortgage, and verification businesses, and announced an agreement to acquire Círculo de Crédito, which could expand its credit data footprint. Article Title Positive Sentiment: Management said early AI and agentic-automation gains are helping drive efficiency, and it doubled its expected three-year AI-driven cost savings target to $150 million from $75 million, a potentially meaningful margin tailwind over time. Article Title Neutral Sentiment: Free cash flow remained strong at $326 million for the first six months, and the company returned $366 million to shareholders, supporting the longer-term investment case even as near-term sentiment stays cautious. Article Title Negative Sentiment: Investor reaction has been pressured by Equifax’s weaker-than-expected Q3 and full-year 2026 guidance, which came in below consensus and suggests headwinds from a tough mortgage market and broader macro conditions. Article Title Negative Sentiment: Margins were also hit by a legal settlement accrual tied to a previously disclosed coding issue, adding another overhang as analysts noted the company’s near-term outlook appears less exciting than the quarter’s operating results. Article Title Insider Activity In other Equifax news, CEO Mark W. Begor sold 37,791 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $172.40, for a total transaction of $6,515,168.40. Following the completion of the transaction, the chief executive officer owned 271,730 shares in the company, valued at $46,846,252. This trade represents a 12.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Chad M. Borton sold 2,455 shares of Equifax stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $173.89, for a total value of $426,899.95. Following the sale, the executive vice president directly owned 29,518 shares in the company, valued at $5,132,885.02. The trade was a 7.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets EFX has been the topic of several research analyst reports. Jefferies Financial Group lowered their price objective on shares of Equifax from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. The Goldman Sachs Group reissued a “neutral” rating and issued a $182.00 price target on shares of Equifax in a report on Tuesday. Morgan Stanley decreased their price target on shares of Equifax from $244.00 to $243.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Equifax from $225.00 to $217.00 in a report on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of Equifax from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. 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 an average rating of “Moderate Buy” and a consensus price target of $221.63.

Get Our Latest Analysis on EFX

Equifax Stock Down 4.4% Shares of EFX stock opened at $172.23 on Wednesday. The stock has a market cap of $20.51 billion, a P/E ratio of 30.32, a price-to-earnings-growth ratio of 1.36 and a beta of 1.32. Equifax, Inc. has a one year low of $150.74 and a one year high of $271.84. The stock has a fifty day moving average price of $165.31 and a 200 day moving average price of $183.40. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.61 and a quick ratio of 0.61.

Equifax (NYSE:EFX – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The credit services provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. Equifax had a net margin of 11.12% and a return on equity of 20.41%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous 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. Analysts predict that Equifax, Inc. will post 8.56 earnings per share for the current year.

Equifax Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 22nd were paid a $0.56 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.24 dividend on an annualized basis and a yield of 1.3%. Equifax’s payout ratio is presently 39.44%.

Equifax 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.

Further Reading Five stocks we like better than Equifax Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible Want to see what other hedge funds are holding EFX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equifax, Inc. (NYSE:EFX – Free Report).

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The good news is, Equifax (EFX 4.82%) topped last quarter's revenue and earnings expectations. It's the bad news, however, that's winning the day. As of 12:50 p.m. ET Equifax stock is down 7.1%, mostly in response to guidance for the remainder of the year that fell short of analysts' estimates.

The near future not as bright as the recent past Credit bureau Equifax turned $1.7 billion in revenue into a per-share profit of $2.25 for the three months ending in June, up 11% and 13% year over year, respectively. And, those figures topped analyst expectations for sales of just under $1.7 billion, and earnings of $2.20 per share.

The future, however, isn't looking quite as bright. Equifax is calling for a top line of between $1.68 billion and $1.71 billion for the third fiscal quarter ending in June to translate into earnings of between $2.15 and $2.25 per share, versus consensus estimates for sales of $1.71 billion and a per-share profit of $2.27. This of course means full-year results will also come up relatively short of analysts' average outlooks. The company's now looking for 2026 earnings of between $8.39 and $8.69 per share on revenue of between $6.71 billion and $6.78 billion. But, the analyst community was anticipating a bottom line of $8.60 per share on a top line of $6.76 billion.

Image source: Getty Images.

A shrinking mortgage loan market is the chief concern. Mortgage rates remain elevated at roughly 6.6% for 30-year loans. Although applications had been edging higher since March's multi-month low, according to the Mortgage Bankers Association, even the slight uptick in interest rates in recent weeks is taking a measurable toll on interest in purchasing residential real estate that's already exceedingly expensive.

Not the worst bet at this discounted price The market's knee-jerk response is understandable. With shares already down 35% from last May's peak, however, much -- if not all -- of this headwind may have already been priced in.

Today's Change

(

-4.82

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-8.67

Current Price

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171.41

Meanwhile, what's arguably not fully reflected in the stock's present price is how well Equifax's acquisition plans and artificial intelligence efforts are paying off; the company also announced on Tuesday it was doubling its AI-driven cost-cutting target to $150 million.

This might put things in perspective: Prior to today, despite its recent (and not-so-recent) weakness, analysts' consensus one-year price target for this ticker was $218.00. That's 30% above Equifax stock's current price. There's not too much in Q2's numbers or guidance for the remainder of the year that's likely to alter this target a great deal.

Just bear in mind this stock's still contending with bearish momentum and rhetoric, which is sure to keep things volatile.

Equifax delivered Q2 revenue in line with estimates but missed EPS, with guidance for Q3 and full-year 2026 below consensus expectations. EFX's margins were pressured by a $100M legal settlement accrual, while free cash flow remained solid at $326M for the last six months. Management aims to double AI-driven cost reductions to $150M over two years, targeting operational efficiency and margin improvement.

FICO’s Big Dip Could Be the Best Buying Chance of the YearEquifax NYSE: EFX reported second-quarter 2026 revenue of $1.7 billion, up 11% on a reported basis and 10% in constant currency, as growth in Workforce Solutions and U.S. mortgage-related revenue helped offset pressure from higher interest rates and weaker conditions in some international markets.

Chief Executive Officer Mark Begor said revenue was $5 million above the midpoint of the company’s April guidance. Excluding FICO mortgage royalties, reported revenue increased about 7%. Adjusted EBITDA was $552 million, up about 10.5%, and adjusted earnings per share were $2.25, up 13% and $0.05 above the April guidance midpoint. The company said adjusted EBITDA margin excluding FICO was nearly 35%, up 120 basis points from a year earlier.

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3 Stocks Just Announced Intentions to Buyback Near 10% of SharesTrevor Burns, senior vice president of investor relations, noted at the start of the call that the company recorded a $40 million charge, net of insurance proceeds, for a legal settlement tied to claims related to a previously disclosed coding issue. The company’s comments on EPS, EBITDA margin and cash conversion referred to non-GAAP measures.

Workforce Solutions benefits from diversified markets Workforce Solutions revenue increased 7%, with Begor citing better-than-expected performance in Verification Services diversified markets. Talent Solutions and consumer lending were both up high double digits in the quarter. Talent volumes increased mid-single digits despite what the company described as a decline in the overall market during the first two months of the quarter.

4 Undervalued Growth Stocks to Buy and Hold for the Long TermGovernment revenue in Workforce Solutions declined about 4%, which management said reflected a difficult comparison with a large 2025 win. However, Begor emphasized new commercial momentum in the government vertical. He said Workforce Solutions signed about $300 million in annual contract value over the past four months, principally with state agencies, including about $100 million in new business and $200 million in renewals.

Management said most of the benefit from the new government contracts will come in 2027, with some contribution expected in the second half of 2026. Begor said the company’s government pipeline remains about twice the level of a year ago and pointed to opportunities tied to federal and state efforts to improve income validation in Medicaid and SNAP programs.

Workforce Solutions EBITDA margin was 52.1%, consistent with the first quarter and above management’s expectations. The company also reported 10% growth in active records in The Work Number, reaching 217 million active records and 124 million current active records.

USIS grows despite softer mortgage market U.S. Information Solutions, or USIS, revenue rose 17% in the second quarter and 6% excluding FICO. Diversified markets revenue grew 6%, accelerating more than 300 basis points sequentially. Begor said B2B revenue increased 5%, supported by high single-digit growth in financial institutions and auto, while consumer direct revenue rose 11%.

USIS mortgage revenue was up 40%, or mid-single digits excluding FICO, while hard mortgage inquiries increased only 1%. Management said mortgage rates rose during the quarter, with 30-year fixed rates around 6.6% versus about 6.3% when the company issued April guidance. Begor said industry transaction volumes ran below expectations, but Equifax benefited from new products and share gains in pre-qualification and pre-approval offerings.

The company continued to highlight VantageScore adoption in mortgage following the Federal Housing Finance Agency’s activation of VantageScore use for more than 20 mortgage lenders in April. Begor said second-quarter VantageScore volume was almost three times the first-quarter level, with 2.2 million transactions. About 1,200 lenders pulled a free VantageScore alongside a paid FICO score from Equifax, while about 100 smaller non-GSE lenders and home equity lenders used VantageScore exclusively at a $1 price point.

Begor said Equifax plans to maintain the $1 VantageScore price through the end of 2027 to encourage adoption. Chief Financial Officer John Gamble said the company’s guidance assumes Equifax will continue to calculate and sell FICO scores for all mortgage credit transactions in 2026, with limited VantageScore revenue.

International growth slows; Mexico acquisition planned International revenue rose about 4% in constant currency. Asia Pacific delivered high single-digit growth, Canada grew mid-single digits, and Latin America and Europe posted low single-digit growth. Begor said market headwinds in Canada and the U.K. weighed on growth. International EBITDA margin was 27.6%, up 120 basis points from a year earlier, helped by technology savings from the company’s cloud transformation and cost management.

Equifax also discussed its recently announced agreement to acquire Círculo de Crédito, a credit bureau in Mexico, for an enterprise value of $750 million. Begor described Círculo as the fastest-growing credit bureau in Mexico and said it is licensed to operate both consumer and commercial credit bureau services. The company expects the acquisition to close in the fourth quarter, subject to customary closing conditions and regulatory approvals, and to be accretive in the first year.

Management said the purchase price represents an 11.7 times EBITDA multiple based on expected 2026 EBITDA, or about 9.4 times including expected run-rate savings. Begor said Círculo has more than 1,700 customers and 2 billion trade lines covering 80 million validated identities in Mexico, with strength in alternative data such as gig economy transactions and utility payment history.

AI initiatives drive higher savings target Equifax used much of the call to discuss artificial intelligence initiatives tied to its EFX 2028 strategy. Begor said the company launched 54 new products with AI capabilities embedded in their architecture during the first half of the year, contributing to a 16% Vitality Index in the quarter. He also highlighted products such as Ignite AI Advisor and Equifax IQ, which are designed to help customers use Equifax data and analytics through AI-enabled decisioning tools.

The company doubled its AI productivity goal to $150 million in run-rate savings from 2026 through 2028, up from the $75 million target it discussed earlier this year. Begor said savings are expected from operations, technology, product development and support functions. Gamble said the savings for 2026 are already reflected in the company’s guidance and will affect both operating expense and capital spending.

Begor said Equifax is deploying AI in call centers, document processing, software development, IT operations, cybersecurity, cloud cost optimization and corporate functions such as finance, legal and human resources. He said the company remains in the “early innings” of AI adoption and expects additional opportunities to grow revenue and reduce costs.

Guidance held on reported basis Equifax maintained its full-year 2026 financial guidance on a reported basis, while raising constant-currency guidance in line with the second-quarter revenue beat. Gamble said the benefit from second-quarter outperformance was offset by weaker foreign exchange.

For 2026, the company expects revenue growth of 7.2% to 8.4% excluding FICO mortgage royalties, adjusted EBITDA margin expansion excluding FICO of about 75 basis points and free cash flow of more than $1 billion with cash conversion of at least 100%.

For the third quarter, Equifax expects revenue of $1.68 billion to $1.71 billion, up almost 10% on a reported basis at the midpoint. Excluding FICO mortgage scores, reported revenue is expected to rise about 7% at the midpoint. The company expects third-quarter adjusted EPS of $2.15 to $2.25 and adjusted EBITDA of $547 million to $564 million.

Equifax returned $366 million to shareholders during the second quarter, including $300 million of share repurchases and $66 million of dividends. Begor said the company expects to complete the Círculo acquisition while continuing share repurchases in the second half of 2026 at a slower pace than in the first half, while keeping leverage below three times EBITDA.

About Equifax (NYSE:EFX)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Equifax (EFX - Free Report) came out with quarterly earnings of $2.25 per share, beating the Zacks Consensus Estimate of $2.21 per share. This compares to earnings of $2 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.81%. A quarter ago, it was expected that this credit reporting company 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 surpassed consensus EPS estimates four times.

Equifax, which belongs to the Zacks Consulting Services industry, posted revenues of $1.7 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.32%. This compares to year-ago revenues of $1.54 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Equifax shares have lost about 17% since the beginning of the year versus the S&P 500's gain of 8.7%.

What's Next for Equifax?While Equifax has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Equifax was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.26 on $1.71 billion in revenues for the coming quarter and $8.56 on $6.74 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consulting Services is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Hackett Group (HCKT - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.

This consulting company is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of -10.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Hackett Group's revenues are expected to be $68.9 million, down 11.3% from the year-ago quarter.

, /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 analysts forecast that Equifax (EFX - Free Report) will report quarterly earnings of $2.21 per share in its upcoming release, pointing to a year-over-year increase of 10.5%. It is anticipated that revenues will amount to $1.69 billion, exhibiting an increase of 10.3% compared to the year-ago quarter.

Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

Given this perspective, it's time to examine the average forecasts of specific Equifax metrics that are routinely monitored and predicted by Wall Street analysts.

Analysts predict that the 'Operating revenue- Workforce Solutions' will reach $713.40 million. The estimate indicates a change of +7.8% from the prior-year quarter.

The consensus among analysts is that 'Operating revenue- Workforce Solutions- Employer Services' will reach $96.88 million. The estimate points to a change of +2% from the year-ago quarter.

Analysts expect 'Operating revenue- Workforce Solutions- Verification Services' to come in at $617.09 million. The estimate points to a change of +8.8% from the year-ago quarter.

Based on the collective assessment of analysts, 'Operating revenue- U.S. Information Solutions- Financial Marketing Services' should arrive at $66.49 million. The estimate suggests a change of +4.4% year over year.

Analysts' assessment points toward 'Operating revenue- U.S. Information Solutions- Online Information Solutions' reaching $541.04 million. The estimate indicates a year-over-year change of +18.2%.

The average prediction of analysts places 'Operating revenue- Total International' at $380.17 million. The estimate indicates a year-over-year change of +7.6%.

Analysts forecast 'Operating revenue- U.S. Information Solutions' to reach $606.29 million. The estimate indicates a change of +16.3% from the prior-year quarter.

The collective assessment of analysts points to an estimated 'Operating revenue- Latin America' of $109.26 million. The estimate indicates a change of +9.7% from the prior-year quarter.

The combined assessment of analysts suggests that 'Operating revenue- Canada' will likely reach $72.85 million. The estimate indicates a year-over-year change of +5.1%.

The consensus estimate for 'Operating revenue- Europe' stands at $105.04 million. The estimate indicates a change of +5.9% from the prior-year quarter.

It is projected by analysts that the 'Operating revenue- Asia Pacific' will reach $93.05 million. The estimate indicates a year-over-year change of +9.1%.

According to the collective judgment of analysts, 'Adjusted EBITDA- U.S. Information Solutions' should come in at $201.09 million. The estimate compares to the year-ago value of $182.40 million.

View all Key Company Metrics for Equifax here>>>

Shares of Equifax have demonstrated returns of +10.8% over the past month compared to the Zacks S&P 500 composite's +0.5% change. With a Zacks Rank #3 (Hold), EFX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

FICO’s Big Dip Could Be the Best Buying Chance of the YearEquifax NYSE: EFX said it has signed a definitive agreement to acquire Círculo de Crédito, which Chief Executive Officer Mark Begor described as the fastest-growing credit bureau in Mexico, for an enterprise value of $750 million.

During an investor update call, Begor said the acquisition would expand Equifax into Mexico, “the second largest economy in Latin America,” and give Círculo de Crédito customers access to Equifax’s cloud-native technology, decisioning and analytics capabilities, EFX.AI technology, and identity protection and fraud prevention offerings.

Get Equifax alerts:

3 Stocks Just Announced Intentions to Buyback Near 10% of SharesThe transaction is expected to close in the fourth quarter, subject to customary closing conditions and regulatory approvals. Begor said Equifax has been focused on entering Mexico for years, including efforts during prior leadership, and that Círculo became the most attractive entry point after TransUnion acquired majority ownership in another Mexican bureau.

Financial Terms and Expected Impact Equifax said Círculo generated $134 million in revenue for the 12 months ended June 30, up 31%, with adjusted EBITDA margins of 46%. For full-year 2026, Círculo is expected to continue delivering high double-digit revenue growth with mid-40% adjusted EBITDA margins, according to Begor.

4 Undervalued Growth Stocks to Buy and Hold for the Long TermThe $750 million enterprise value represents an 11.7 times adjusted EBITDA multiple at closing based on Círculo’s expected 2026 adjusted EBITDA, Begor said. Including expected run-rate synergies, the multiple is expected to be about 9.4 times at closing.

Begor said the acquisition is expected to be accretive to Equifax adjusted earnings per share in the first full year of ownership and to deliver mid-double-digit returns, which he said would be “well above” Equifax’s cost of capital.

Equifax also said it expects to maintain balance sheet leverage below 3 times while completing the acquisition. Begor said the company expects free cash flow to exceed $1 billion in 2026 and has more than $1.5 billion in financial capacity. He said Equifax can complete the acquisition while continuing share repurchases, though at a slower pace than in the first half of 2026.

Mexico Market and Círculo’s Position Begor characterized Mexico as one of the fastest-growing credit markets globally, with consumer credit growth driven by expanded access to credit, financial inclusion and digitization. He said more than 25% of Mexico’s population lacks access to formal financial products and nearly 44% does not have a bank account.

Círculo is the only credit bureau in Mexico licensed to operate both consumer and commercial credit bureau services, according to Begor. He said the company has more than 1,700 customers across banks, retail, fintech, small business lending, microfinance and telecommunications, along with 2 billion trade lines covering 80 million validated identities.

Begor said Círculo’s growth has been supported by its position in alternative data, including gig economy transactions and utility payment history. He said more than 40% of Círculo’s 2025 revenue came from fintech customers, with that segment growing more than 50%.

Integration Plans and Synergies Equifax said it expects to generate synergies by deepening Círculo’s retail and fintech data position, expanding penetration with large financial institutions, and moving Círculo’s infrastructure onto Equifax’s cloud-native architecture.

Begor said Equifax plans to bring its global platforms and products into Mexico, including its Ignite analytics platform, InterConnect platform, scores, AI capabilities, fraud tools and identity products. He also said Equifax expects some Círculo products and fintech-related capabilities to be deployed in other markets.

The company pointed to its acquisition of Boa Vista in Brazil as a model for the Círculo integration. Begor said Boa Vista has outperformed Equifax’s expectations and gave the company confidence in its acquisition integration playbook.

Questions From Analysts In response to questions about Círculo’s recent growth, Begor said the company has benefited from the rapid expansion of fintechs, retailers and telecommunications providers in Mexico. He said many consumers without bank accounts may first build credit through retail financing, such as appliance or furniture purchases.

Asked about competition, Begor said TransUnion is currently in the Mexican market through its ownership of the previously bank-owned consumer credit bureau. He said Equifax believes Círculo is well positioned because of its data from retailers, fintechs and telecommunications providers.

Begor also addressed Mexico’s data-sharing structure. He said credit bureaus are required by law to share certain trade lines when a credit report is pulled, but positive data is unique to each bureau. He said Círculo’s positive data, more frequent reporting from some contributors and broad contributor base are important advantages.

On regulatory timing, Begor said Equifax believes its approval process could be faster than TransUnion’s recent acquisition process because Equifax has had an application with Mexican regulators for several years to form a credit bureau and has been engaged with them during that period.

Equifax said the Círculo transaction is part of its broader bolt-on acquisition strategy. Including Círculo, Begor said the company will have invested nearly $5 billion in 17 strategic bolt-on acquisitions since 2020, focused on differentiated data, workforce solutions, international markets, and identity and fraud capabilities.

About Equifax NYSE: EFXEquifax 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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, /PRNewswire/ -- Equifax® (NYSE: EFX) will announce its financial results for the second quarter ended June 30, 2026, in a release to be issued on Tuesday, July 21, at 6:30 a.m. Eastern Time (ET).

Equifax will host a conference call at 8:30 a.m. ET on July 21, in which senior management will discuss financial and business results for the quarter. Related presentation materials will be published on investor.equifax.com on July 21 at 6:30 a.m. ET.

Conference Call:
US/Canada: 877-559-1190 / +1 201-389-0916
International: Click here for participant International Toll-Free access numbers

Please dial the appropriate number 5-10 minutes prior to the call to complete registration. Name and affiliation/company are required to join the call.

Webcast:
To view the webcast and slide presentation, please click the link and enter your information to be connected. The link becomes active 15 minutes prior to the scheduled start time.

An audio replay of the conference call will be available on investor.equifax.com beginning on July 22.

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: 
Molly Clegg for Equifax
[email protected]

SOURCE Equifax Inc.

Strategic Acquisition of Fastest-Growing Credit Bureau in Mexico Expands Equifax International Presence; Aligned with Equifax Strategy to Invest in Bolt-On Acquisitions: Offers Círculo de Crédito Customers Access to Cloud-Native Capabilities and Patented EFX.AI Technology to Accelerate Customer Growth and Financial Inclusion

Investor Call and Webcast to be Held on July 7 at 8:30 a.m. Eastern Time

, /PRNewswire/ -- Equifax® (NYSE: EFX) has signed a definitive agreement to acquire Círculo de Crédito, a leading credit information services company and the fastest-growing credit bureau in Mexico, for an enterprise value of $750 million1. This acquisition would expand Equifax into the fast-growth Mexico market, the second-largest economy in Latin America, and offer Círculo de Crédito customers access to industry-leading Equifax cloud-native capabilities, patented EFX.AI technology, and award-winning identity protection and fraud prevention offerings for the development of solutions designed to help customers grow and expand financial inclusion. Círculo de Crédito has delivered very strong financial results with revenue for the 12 months ended June 30, 2026 estimated at $134 million, up 31%, with $62 million of Adjusted EBITDA2. Círculo de Crédito is expected to continue to deliver strong high double-digit revenue growth in 2026, and is expected to be accretive to Equifax Adjusted EPS in the first full year of ownership. An investor call and webcast on the agreement will be held on July 7 at 8:30 a.m. Eastern Time (ET).

"The acquisition of Círculo de Crédito will expand Equifax's presence in the fast-growing Mexico market and marks an energizing new global chapter for both companies. The acquisition is aligned with our strategy to reinvest our strong free cash flow in accretive and strategic acquisitions to strengthen Equifax. Círculo de Crédito will be our 17th bolt-on acquisition in the past six years, totaling nearly $5 billion. Our strong performance and balance sheet allow Equifax to reinvest in growth, return cash to shareholders and acquire accretive and strategic acquisitions," said Mark W. Begor, CEO of Equifax. "Mexico is one of the fastest-growing credit markets globally. More than 25% of the Mexican population is without access to formal financial products, and nearly 44% of the population does not have a bank account.3 Equifax and Círculo de Crédito have a shared commitment to helping more consumers live their financial best, and together we will continue to offer deeper alternative data and unique insights that can help our customers deliver unique solutions to expand their consumer credit offerings."

Círculo de Crédito is the only Mexican credit bureau currently operating both consumer and commercial credit bureau services – with more than 1,700 bank, retail, fintech, small business lending, micro-finance, and telecommunications customers; and 2 billion tradelines covering 80 million validated identities. The company is a leader in alternative data, or information not included in traditional credit reports, including gig-economy transactions and utility and telecommunications payment history. This alternative data can responsibly expand access to credit and support a more inclusive economy, critical in a country where more than 33 million people4 are engaged in "informal" employment such as unregistered microbusinesses or gig employment.

"We are energized to join the Equifax team and have access to their industry-leading cloud-native technology, platforms, and products to help our customers grow and expand our position in Mexico. Consumer credit growth in Mexico is driven by inclusion and digitization, and Círculo de Crédito has been a first-mover in the market with the market's broadest data set and innovative solutions. We provide strategic data, decision-making, and digital solutions that empower lenders to deliver innovative financial services products across Mexico and expand access to credit for Mexican citizens," said Juan Manuel Ruiz Palmieri, CEO of Círculo de Crédito. "We are excited to integrate cloud-native Equifax data, analytics, and global solutions to help our customers grow."

Under the terms of the agreement, Equifax will acquire 100% of Círculo de Crédito equity from its existing shareholders, including: Banca Afirme, S.A. Institución de Banca Múltiple Afirme Grupo Financiero; Coppel, S.A. de C.V.; Grupo Elektra, S.A.B. de C.V.; and a group of private investors. Upon completion of the acquisition, Juan Manuel Ruiz Palmieri and the Círculo de Crédito team will continue to lead the company, which will join the Equifax International business team. The transaction is subject to customary closing conditions and regulatory review and approval, and is expected to close in the fourth quarter of 2026.

Conference Call and Audio Webcast
Equifax will host a conference call at 8:30 a.m. ET on July 7 in which senior management will discuss the Círculo de Crédito acquisition. Related presentation materials will be published on investor.equifax.com on July 7 at 6:30 a.m. ET.

Investor Conference Call:
US/Canada: 877-559-1190 /+1 201-389-0916
International: Click here for participant International Toll-Free access numbers
Please dial the appropriate number 5-10 minutes prior to the call to complete registration. Name and affiliation/company are required to join the call.

Webcast:
To view the webcast and slide presentation, please click the link and enter your information to be connected. The link becomes active 15 minutes prior to the scheduled start time.
Webcast link

NOTES TO EDITORS
1. Purchase price of $825 million. Enterprise value of $750 million reflects purchase price net of estimated $75 million cash at closing with zero debt balance
2. Financials were converted from Mexican Peso to USD at an exchange rate of 17.37 USD/MXN. Estimated Last twelve months financial results through June 30, 2026 based on information provided by Círculo de Crédito
3. Source: ENCUESTA NACIONAL DE INCLUSIÓN FINANCIERA (ENIF) 2024
4. Source: ENCUESTA NACIONAL DE OCUPACIÓN Y EMPLEO (ENOE) INDICADORES DE OCUPACIÓN Y EMPLEO, June 25, 2026

FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements and forward-looking information. All statements that address future operating performance and events or developments that we expect or anticipate will occur in the future, including statements relating to our future financial and operating results, our strategy, our ability to successfully consummate the proposed transaction, the expected financial and operational benefits, synergies and growth from the proposed transaction, our ability to integrate Círculo de Crédito and its products, services, technologies, IT systems and personnel into our operations, and similar statements about our outlook and our business plans are forward-looking statements. We believe these forward-looking statements are reasonable as and when made. However, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to, those described in our 2025 Form 10-K and subsequent SEC filings. As a result of such risks and uncertainties, we urge you not to place undue reliance on any forward-looking statements. Forward-looking statements speak only as of the date when made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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:
Alexandra Packey for Equifax
[email protected]

SOURCE Equifax Inc.

2.7.2026 22:18

Index Dow Jones +1,14 % na 52899,42 b. S&P 500 -0,01 % na 7482,7 b. Nasdaq Composite -0,8 % na 25832,67 b.

Ve čtvrteční seanci se index Dow Jones udržel v kladných úrovních a připsal si zisk 1,14%, ale širší index S&P 500  neudržel zisk ze začátku obchodování, ale nakonec ztráty korigoval ke konci obchodního dne  a uzavřel -0,01%. Citelněji oslabil technologický sektor, kde index Nasdaq Composite si odepsal -0,8%.  Dolar na páru s eurempo reportu Změny pracovních míst silněji oslabil o -0,44% tj. 1,1427 USD/EUR. Lehká ropa WTI i přes oslabující dolar pokračovala v poklesu a dnes si odepsala -0,2% a dostala se k úrovni 68,5 USD/barel. Oslabující dolar dnes vyhovoval žlutému kovu, který zpevnil o 1,2% a zlato se tak dostalo k úrovni 4 132 USD/Troy. unci. Na celkovém poklesu indexu  S&P 500 měl dnes největší zásluhu sektor Informační technologie se ztrátou -1,5%, dále Komunikační služby  -0,8% a se stejným výsledkem Zbytná spotřeba -0,8%. Naopak většímu poklesu indexu byl dnes největší brzdou sektor Zdravotní péče se ziskem 2,6%, dále Nezbytná spotřeba 2,4% a také Utility 2,3%. 

Index S&P 500 -0,01 % na 7482,7 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Zdravotní péče +2,6 % Informační technologie -1,5 % Nezbytná spotřeba +2,4 % Komunikační služby -0,8 % Utility +2,3 % Zbytná spotřeba -0,8 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Genuine Parts (GPC) +13 % Sandisk Corp (SNDK) -14 % Moderna (MRNA) +10 % Teradyne (TER) -14 % Honeywell Aerospace (HONA) +8,7 % KLA Corp (KLAC) -12 % Equifax (EFX) +6,1 % Flex (FLEX) -11 % Vertex Pharmaceuticals (VRTX) +6,0 % Corning (GLW) -11 %
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Company Adds 39 New Global Patents to Enrich New Product Innovation and Deepen Leadership in Explainable AI

, /PRNewswire/ -- Equifax® (NYSE: EFX) has secured 39 new patents in the first half of 2026, broadening its global intellectual property (IP) portfolio of more than 750 issued or pending patents across the globe. Continued portfolio expansion is part of the organization's forward-looking IP strategy, designed to maximize the value of Equifax proprietary data for customers and consumers, accelerate and differentiate EFX.AI product innovation, and deepen leadership in explainable Artificial Intelligence (xAI). Year-to-date, Equifax has secured 14 new patents that directly support the company's approach to AI, further complementing its EFX.AI™ strategy for product innovation. 

"Equifax has driven decades of continuous innovation to ensure that our customers are always equipped with the most advanced, secure, and predictive capabilities available," said Harald Schneider, Global Chief Data & Analytics Officer at Equifax. "Our hundreds of inventors around the world focus on patenting technology that maximizes the value of proprietary data in an increasingly AI-focused business environment, empowering our customers to make more intelligent decisions and create new consumer opportunities faster than ever before."

The 39 patents secured in the first half of 2026 further support Equifax innovation in three core areas:

Explainable AI That Turns Complex Data into Transparent Insights
Explainable AI helps customers responsibly analyze massive amounts of data to make more informed decisions. Equifax led the way toward an industry standard for explainable AI, introducing the first machine learning credit scoring system with the ability to generate logical and actional reason codes for consumers more than a decade ago. Since that time, the company has more than 180 pending or approved patents for explainable AI techniques. In the first half of this year, Equifax secured a Canadian patent grant on its original methodology for optimizing neural networks for risk assessment, expanding this invention into 11 patents globally, including in the U.S., Australia, and India.

Optimizing Neural Networks for Risk Assessment (Canada) - This patented system solves the problem of the AI "black box" by forcing credit-scoring neural networks to maintain a strict, one-directional relationship between inputs and outputs (e.g., as payment history improves, a credit score should increase). By ensuring this clear mathematical relationship, the system delivers transparent, fully explainable credit decisions and regulatory reason codes without sacrificing the predictive power of advanced AI. This allows financial institutions to leverage the power of advanced AI while still being able to generate "adverse action codes" or "reason codes" that clearly explain to a consumer why they received a specific score and what actions impact their credit. This functionality is being used today in solutions such as Insights Score for Personal Loans and Insights Score for Auto. Enhanced Identity Verification & Fraud Detection
In today's evolving fraud landscape, emerging fraud schemes such as first-party fraud, synthetic identities, and account takeovers require robust identity verification, fraud protection and regulatory compliance solutions. Equifax leverages AI, machine learning, robust analytics and real-time data to assess risk with precision and identify threats that others miss. Currently, more than 190 pending or approved patents support the company's leadership in identity verification and fraud detection, including a specific patented methodology aimed directly at the vulnerabilities in digital commerce.

Risk Assessment for Personally Identifiable Information Associated with Controlling Interactions Between Computing Systems (U.S.) –This patented methodology is leveraged in Consumer Insights, Signal Score for Email, and Payments Fraud capabilities to identify risk in card-not-present transactions. By isolating and evaluating specific identity elements—such as email addresses, phone numbers, and device IDs—and modeling historical fraud distributions (including chargebacks and declines), the system delivers data-informed insights to better inform transactional risk decisions. Multi-System Data Orchestration
Central to the more than $3 billion Equifax Cloud transformation is the company's custom data fabric, an adaptable structure that unifies proprietary differentiated data from over 100 siloed data sources. AI requires deep, accurate, and high-quality data. The Equifax data fabric ingests 20 billion records per month globally while also enabling the management of that data in keeping with strict regulatory requirements. This foundational platform allows for the orchestration of more than 250 billion keyed and linked records.  This enables complex, multi-system data to stream seamlessly on demand under strict regulatory controls—completely eliminating months of manual data preparation. Eliminating these months of manual preparation requires sophisticated, patented coordination across the entire network.

Data Transformation Techniques for Event Data in Multi-System Computing Environments (U.S.) – This patented technology is leveraged in applications such as Account Protection, Payments Fraud, Authorized Payments Protection), Contact and Locate, Identity Proofing and Synthetic Identity Risk 3.0. It coordinates massive data flows across multiple systems. By holding data until specific triggers are met, it ensures recipient systems receive complete, structured datasets rather than fragmented pieces—drastically improving real-time fraud and pattern detection. Learn more about the Equifax commitment to responsible AI innovation at EFX.AI. The most recent list of issued Equifax Intellectual Property is available 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:
Alexandra Packey for Equifax
[email protected]

SOURCE Equifax Inc.

Vancouver, British Columbia--(Newsfile Corp. - June 17, 2026) - Integrated Cyber Solutions Inc. (CSE: ICS) (OTCQB: IGCRF) (FSE: Y4G), doing business as Integrated Quantum Technologies ("Integrated Quantum", "IQT", or the "Company"), is pleased to announce the appointment of Gustin Prudner as Head of Engineering, strengthening the Company's leadership team as it accelerates the commercialization of VEIL™ and expands its portfolio of AI infrastructure technologies.

Engineering Leadership to Support Commercialization

Mr. Prudner brings extensive enterprise-scale engineering leadership experience to the Company. He previously served as Vice President of Engineering at Equifax, where he led the Digital Identity and Fraud engineering organization, overseeing more than 120 engineers and helping drive the modernization of identity and fraud platforms serving millions of customers. Throughout his career, he has developed deep expertise in engineering operations, enterprise architecture, security governance, compliance frameworks, organizational scaling, and the delivery of enterprise-grade software platforms.

As Head of Engineering at Integrated Quantum, Mr. Prudner will be responsible for engineering execution across the Company's product portfolio, with a particular focus on scaling VEIL™, strengthening enterprise product delivery, and accelerating the commercialization of future innovations, including initiatives such as MASQ™ and other next-generation AI infrastructure solutions.

"I am very excited to join Integrated Quantum at such an important stage in its growth," said Gustin Prudner, Head of Engineering. "VEIL™ addresses a critical challenge facing enterprise AI adoption, and I believe the Company is uniquely positioned to help organizations deploy AI with greater confidence. I look forward to working alongside the team to advance the Company's vision and bring its growing portfolio of AI infrastructure solutions to market."

"Gustin's appointment represents an important step in strengthening the engineering foundation required to scale VEIL™ and bring future innovations to market," said Alan Guibord, Chief Executive Officer of Integrated Quantum. "His experience building and leading enterprise-scale engineering organizations in highly regulated environments will be invaluable as we advance the commercialization of VEIL™ and expand our AI infrastructure portfolio. Innovation remains at the core of Integrated Quantum, and Gustin's leadership will help transform breakthrough technologies into enterprise-ready solutions capable of addressing some of the most significant challenges facing AI adoption today."

Snowflake Summit Participation

The appointment follows the Company's participation at Snowflake Summit, where Integrated Quantum showcased VEIL™ and engaged with enterprise organizations, technology partners, and prospective customers regarding AI security, data exposure, and privacy considerations within enterprise environments. The event provided an opportunity for the Company to demonstrate VEIL™ and discuss emerging requirements around securing AI pipelines, reducing data exposure, and supporting the scalable deployment of AI technologies within enterprise environments. Mr. Prudner's appointment is intended to support the Company's ongoing product development and commercialization initiatives across VEIL™ and its broader AI infrastructure portfolio.

Mr. Guibord added, "Snowflake Summit provided an opportunity to introduce VEIL™ to a broad range of industry participants and continue discussions with prospective customers and partners. We look forward to building on those relationships as we continue advancing VEIL™ and our broader AI infrastructure portfolio."

About Integrated Quantum Technologies Inc.

Integrated Quantum Technologies Inc. is building quantum-ready infrastructure to help secure and scale artificial intelligence. The Company's product offerings include AIQu™ platform that supports its long-term strategy for privacy-preserving and resilient AI systems and VEIL™ is its first commercial product designed to protect sensitive AI data and workflows in enterprise environments. IQT's proprietary technologies address emerging post-quantum security risks, growing compute demands, and the increasing complexity of deploying AI at scale, complemented by its Managed Services offering and SecureGuard360™ cybersecurity platform for end-to-end AI security and monitoring. For more information, visit: www.integratedquantum.com.

The Company's published VEIL™ technical white paper, "Informationally Compressive Anonymization: Non-Degrading Sensitive Input Protection for Privacy-Preserving Supervised Machine Learning," is available at: https://arxiv.org/pdf/2603.15842

Forward-Looking Statements

The information contained herein contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, statements with respect to, claims regarding the potential applicability of VEILTM, including practical applications to organizations with sensitive or regulated datasets, the privacy protection possibilities of VEILTM, predicative performance of VEILTM, viability of the theoretical foundation for non-invertible of encoded representations, Generally, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.

Such forward-looking information is based on numerous assumptions, including among others, assumptions regarding the Company's ability to execute its business strategy; successfully develop and commercialize its technology and products; obtain and maintain necessary intellectual property protections; secure adequate financing on commercially reasonable terms; operate under applicable regulatory and legal frameworks; the continued demand for and adoption of privacy-preserving artificial intelligence solutions under prevailing economic and market conditions; the concepts, methodologies, and technical conclusions described in the Paper, including the VEIL™ architecture and Informationally Compressive Anonymization framework, will continue to be viable and applicable in commercial and operational environments; that the Company will be able to further develop, refine, and implement these technologies in products; that the performance characteristics, security properties, and scalability observed in experimental and modeled scenarios can be achieved in practical deployments; that the Company will be able to operate its solutions within applicable regulatory, data protection, and governance frameworks; and that sufficient technical, financial, and human resources will be available to support ongoing research, product development, and commercialization efforts. Although the assumptions made by the Company in providing forward-looking information are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: risks relating to the Company's ability to further develop, implement, and commercialize the VEIL™ architecture and related technologies; uncertainties regarding whether the technical performance, security characteristics, and scalability demonstrated in the Paper's research, modeling, or experimental scenarios can be replicated in real-world commercial deployments; risks associated with evolving data protection, cybersecurity, and artificial intelligence regulatory frameworks; the Company's ability to secure and protect intellectual property rights; dependence on key personnel and technical expertise; availability of financing on acceptable terms; market acceptance of the Company's products; and the receipt of necessary governmental, regulatory, or other approvals and the risk factors with respect to the Company set out in the Company's filings with the Canadian securities regulators and available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301709

Source: Integrated Cyber Solutions Inc.

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Stock to Watch: Equifax (EFX - Free Report) Equifax Inc. is a global data, analytics and technology company. It provides information solutions and human resources business process outsourcing services for businesses, governments and consumers. Its services are based on comprehensive databases of consumer and business information derived from numerous sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.

EFX is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Momentum investors should take note of this Business Services stock. EFX has a Momentum Style Score of B, and shares are up 1.2% over the past four weeks.

Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.00 to $8.62 per share. EFX also boasts an average earnings surprise of +5.6%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, EFX should be on investors' short list.

On May 11, 2026, Equifax Inc EFX shares fell 4.6%, bringing the current price to $167.82. The stock has traded within a 52-week range of $166.02 to $281.03, highlighting significant volatility over the past year.

GF Value™ verdict: The current price is $167.82, which is 40.7% below the GF Value™ of $282.85, indicating the stock is undervalued.GF Score™ of 79/100 suggests that EFX is above average in terms of its overall assessment.Notable signal: Insider activity shows that insiders have sold $10.4 million worth of stock while purchasing only $0.5 million over the last three months. Is EFX Overvalued or Undervalued? With a current share price of $167.82, Equifax Inc is trading significantly below its GF Value™ of $282.85, which indicates that the stock is undervalued by 40.7%. This margin of safety presents a potential opportunity for investors looking for undervalued stocks. The GF Valuation label classifies EFX as significantly undervalued, suggesting that there may be room for the stock to appreciate toward its intrinsic value.

However, potential investors should exercise caution. The stock has experienced a year-to-date decline of 22.4% and a 1-year drop of 37.3%, which may reflect underlying challenges within the company or the business environment. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

How Does EFX's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 29.6x 45.9x Forward P/E 19.5x N/A The current P/E (TTM) of 29.6x is 36% below Equifax's 5-year median P/E of 45.9x, indicating that the stock is trading well below its historical valuation metrics. This analysis aligns with the GF Value™ verdict, which suggests that EFX is significantly undervalued.

What Does EFX's GF Score™ Tell Us? Metric Rating GF Score™ 79/100 Financial Strength 5/10 Profitability 7/10 Growth 8/10 Valuation 4/10 Momentum 4/10 The GF Score™ of 79/100 indicates that Equifax Inc has above-average potential for long-term returns, based on its financial metrics. Notably, the company excels in Growth with a score of 8/10, suggesting strong potential for future earnings expansion. However, Valuation and Momentum scores of 4/10 indicate areas of concern, highlighting that the stock's recent performance may not be in line with its historical growth trends.

What Are Insiders Doing with EFX Stock? Insider activity in Equifax Inc has shown a significant selling trend, with insiders selling a total of $10.4 million worth of shares compared to only $0.5 million in purchases over the last three months. This pattern suggests a lack of confidence from insiders regarding the stock's near-term performance or the company’s outlook. Such selling pressure can be a red flag for potential investors.

What This Means for Investors Based on the current GF Value™ of $282.85 compared to the trading price of $167.82, Equifax Inc is considered undervalued. However, investors need to consider the recent negative performance trends and insider selling before making decisions.

For the complete analysis, visit the Equifax Inc EFX stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is EFX's GF Score™?

EFX's GF Score™ is 79/100, indicating it has above-average potential for long-term returns based on key financial metrics.

Is EFX overvalued or undervalued?

EFX is currently undervalued, with a GF Value™ of $282.85 compared to its current price of $167.82, suggesting a significant upside potential.

What is EFX's P/E ratio?

EFX's current P/E (TTM) is 29.6x, which is substantially below its 5-year median P/E of 45.9x, indicating that the stock is trading at a lower multiple than its historical average.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

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Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

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You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

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Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Equifax (EFX - Free Report) Equifax Inc. is a global data, analytics and technology company. It provides information solutions and human resources business process outsourcing services for businesses, governments and consumers. Its services are based on comprehensive databases of consumer and business information derived from numerous sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.

EFX is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 18.52; value investors should take notice.

Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.02 to $8.63 per share. EFX also boasts an average earnings surprise of +5.6%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, EFX should be on investors' short list.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

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Zacks Premium includes access to the Zacks Style Scores as well.

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Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

#1 (Strong Buy) stocks have produced an unmatched +23.7% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Equifax (EFX - Free Report) Equifax Inc. is a global data, analytics and technology company. It provides information solutions and human resources business process outsourcing services for businesses, governments and consumers. Its services are based on comprehensive databases of consumer and business information derived from numerous sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.

EFX is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. EFX has a Growth Style Score of B, forecasting year-over-year earnings growth of 12.8% for the current fiscal year.

Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.02 to $8.63 per share. EFX also boasts an average earnings surprise of +5.6%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, EFX should be on investors' short list.

Key Takeaways EFX's U.S. mortgage revenues jumped 38% y/y in Q1 2026 on stronger market activity.EFX Workforce Solutions' revenues grew 10% y/y & its EBITDA margin rose to 52.3% in the last reported quarter.EFX is advancing AI tools with Agentic AI and Ignite AI Advisor to deliver deeper customer insights. Equifax’s (EFX - Free Report) sustained revenue growth momentum is driven by its diverse offerings. New acquisitions and AI innovations in analytical tools and solutions boost customer gains.

EFX has a Growth Score of B. This style score condenses key financial metrics to reflect a fair sense of the quality and sustainability of its growth.

The company’s second-quarter 2026 earnings are expected to increase 12.5% year over year. Its 2026 and 2027 earnings are projected to rise 12.8% and 19.2%, respectively. Revenues are expected to grow 10.9% in 2026 and 9.4% in 2027.

Factors That Bode Well for EFXEFX drives long-term business growth by offering global data, analytics and technology services, leveraging comprehensive consumer and business databases to serve a diverse client base and mitigate sector-specific challenges.

The company’s U.S. Information Solutions mortgage revenues increased 38% year over year in the first quarter of 2026, supported by stronger market activity and growing customer adoption of Equifax’s The Work Number Indicator product. The tool notifies lenders in advance if an applicant has verified employment and income data on file in Equifax databases.

The Workforce Solutions segment also drives the company’s growth. Revenues increased more than 10% year over year in the first quarter of 2026, while the EBITDA margin expanded 200 basis points to 52.3% due to operating leverage and AI-driven productivity improvements. Management expects further growth in the coming quarters.

EFX is pursuing growth through AI-led modernization and innovation. It is transforming its services into more advanced and robust AI-driven solutions. The recently developed Agentic AI platform is accelerating and standardizing the development, deployment, monitoring and governance of AI agents across Equifax. The recently launched Ignite AI Advisor includes new AI-driven conversational analytics, offering customers deeper insights and personalized recommendations.

Risk to WatchEFX had a current ratio (a measure of liquidity) of 0.61, lower than the industry's average of 1 at the end of the first quarter of 2026. A current ratio below 1 often suggests that a company may not be well-positioned to meet its short-term obligations.

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

A couple of better-ranked stocks in the Business Services are FactSet Research Systems Inc. (FDS - Free Report) and TransUnion (TRU - Free Report) .

FactSet carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 6.5%.

FDS beat earnings estimates in two of the last four reported quarters and missed twice, delivering an earnings surprise of 0.4%, on average.

TransUnion also has a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 13.6%.

TRU beat earnings estimates in the last four quarters, the earnings surprise being 6.3%, on average.

– Latest report shows emerging credit stress slowed in Q1 but lingering effects of high interest rates and inflation led to highest insolvency levels since 2009 –

Equifax Canada® Market Pulse Quarterly Consumer Credit Trends and Insights

TORONTO, May 26, 2026 (GLOBE NEWSWIRE) -- Equifax® Canada’s Q1 2026 Market Pulse Quarterly Consumer Credit Trends and Insights reveals a complex start to the year for Canadian credit. While total consumer debt climbed to $2.66 trillion, up 3.8 per cent year-over-year, non-mortgage debt fell by more than $487 million in the first quarter. Notably, non-mortgage debt saw its first decline in several quarters, as consumers seemingly practiced post-holiday financial restraint.

Despite these signs of individual financial discipline, systemic risks seem to persist: insolvency volumes have increased to levels not seen since 2009, up 18.8 per cent year-over-year, indicating that many consumers may have reached a financial inflection point.

“The reduction in holiday spending at the close of 2025 translated into lower seasonal balance increases on credit cards,” said Rebecca Oakes, Vice President of Advanced Analytics at Equifax Canada. “This discipline enabled many Canadians to pay down balances during the first quarter, representing a critical shift in how consumers are navigating the current macroeconomic climate.”

Tightened lending and muted demand impact new credit openings
In the wake of reduced 2025 year-end spending, Q1 2026 saw a decline in demand across most credit categories. New credit card originations hit a four-year low, with growth limited exclusively to the super-prime and sub/near-prime segments. However, while higher-risk individuals sought more credit, lenders responded by reducing average credit limits for higher-risk consumers by 15 to 20 per cent. Conversely, consumers with high credit scores saw modest increases in their new card limits.

“Several factors could be driving a decline in new credit card openings in Canada,” Oakes explained. “First is the cooling of population growth as immigration programs have slowed. Second, and perhaps more telling, is the uncertainty in consumer financial confidence that triggers a shift toward spending less and saving more. Finally, lenders may be tightening their adjudication strategies to counter rising missed payments and economic uncertainty. All three of these factors are converging simultaneously, likely impacting new credit openings.”

Automotive sector slowdown despite lower prices
The slowdown extended to the automotive sector despite a softening in vehicle prices. New captive auto loans fell nearly 5 per cent year-over-year to a three-year low, while bank instalment loan volumes dropped by 9.5 per cent.

“While lower vehicle prices are certainly a positive for consumers, they are just one piece of the affordability puzzle,” Oakes noted. “When you consider the substantial increases in insurance premiums, along with rising maintenance and fuel costs, it seems clear why Canadians are being more cautious before committing to a new vehicle purchase.”

Mortgage stress remains concentrated in high-cost markets
The number of Canadians missing at least one credit payment in Q1 remained stable at 1.5 million (1 in 21 consumers), which indicated a sign of improvement for many groups of consumers. The percentage of active card users paying less than 25 per cent of their balance each month fell by more than 2 per cent, while the percentage paying their balances in full increased. Additionally, the percentage of minimum payers also saw a drop, with the biggest reduction seen with consumers aged 26-35 years old.

"Fluctuations in monthly credit card repayment amounts usually signal shifts in financial health," Oakes noted. "At this stage, it is uncertain if the observed gains reflect a genuine positive trend or merely a short-term correction following the spending pull-back seen at the end of 2025."

In Q1 2026, severe non-mortgage financial health indicators across Canada exhibited a regional divide. While the national 90+ day delinquency balance and volume rose by 4.18 per cent and 2.38 per cent respectively, certain provinces demonstrated resilience. Specifically, Quebec, Nova Scotia, Saskatchewan, and New Brunswick showed measurable improvements while the economic strain in Ontario, British Columbia, and Manitoba continued to rise.

Intensifying financial hardship for vulnerable borrowers
Q1 saw insolvency volume hit a 17-year high, partly due to escalating financial strain on mortgage holders. Homeowner insolvency volumes jumped by more than 11 per cent over Q4 2025, with over 90 per cent of these individuals choosing consumer proposals over bankruptcy. Total insolvency numbers remained higher among non-mortgage holders, but their quarterly growth was more modest, rising by 4.7 per cent compared to the final quarter of 2025.

While insolvency volumes reached their highest level since 2009, the overall insolvency rate rose to levels last seen in 2019 - the variance can likely be attributed to population growth. The severity of these insolvencies has worsened, however, with the average non-mortgage debt in these filings increasing to $43.3K in Q1 2026, up from $40.2K two years ago. This trend is even more pronounced for mortgage holders, whose average non-mortgage debt reached $82.4K, up by 19.0 per cent compared to two years ago.

This rising trend is also reflected in the average balances of delinquent accounts. For mortgage holders who have missed a payment, their average delinquent non-mortgage balances reached $54K in Q1, a 4.6 per cent increase compared to 12 months ago. The average balance of their delinquent mortgages also climbed by 13.2 per cent to $355.5K.

Younger consumers improve, seniors split by mortgage status
Q1 marked a pivotal shift for consumers aged 25 and under, who demonstrated a strengthening in repayment behaviour as both of their 90+ balance and volume delinquency rates recorded the first year-over-year improvement since mid-2022. Despite continued uncertainty in employment levels, the balance and volume of 90+ day missed payments declined by 2.2 per cent and 1.5 per cent respectively compared to 12 months ago.

Financial behaviour among seniors aged 55 and older revealed a stark divergence driven by mortgage status in retirement and beyond. Unburdened by housing payments, seniors without mortgages are experiencing strong financial momentum, effectively increasing their spending while simultaneously paying down credit card balances at accelerated rates. Notably, credit card payoff rates have jumped to 52.3 per cent for the 55 to 65 age bracket (up 1.0 per cent year-over-year), while consumers aged 65 and older reached a highly disciplined payoff rate of 62.6 per cent (a 1.5 per cent year-over-year increase). In contrast, seniors who carry a mortgage into their retirement years are seemingly facing heavily restricted cash flow, resulting in a financial squeeze that is likely forcing them to scale back on spending and forgo debt repayment efforts.

Housing market remains under pressure despite easing renewal wave
Although the 2025 mortgage renewal peak has passed, significant renewal volumes are expected during 2026. National arrears present a nuanced picture: the 90+ day volume delinquency rate sits at 0.22 per cent, remaining below pre-pandemic levels. However, the balance delinquency rate climbed 32 per cent year-over-year (and up 5 per cent quarterly) to 0.28 per cent. This missed payment level highlights severe financial strain in high-priced markets, with mortgage delinquencies jumping 52 per cent in Ontario and 36 per cent in British Columbia year-over-year.

“While the mortgage renewal wave is expected to slow towards the end of 2026, the transition to significantly higher interest rates continues to fuel financial impact and payment pressure. Consequently, ongoing monitoring of debts remains essential for Canadians,” concluded Oakes.

Age Group Analysis – Debt & Overall Balance Delinquency Rates (excluding mortgages)

 Average
Debt
(Q1 2026)Average Debt Change
Year-over-Year
(Q1 2026 vs. Q1 2025)90+ Day
Delinquency Rate ($)
(Q1 2026)Delinquency Rate($) Change
Year-over-Year
(Q1 2026 vs. Q1 2025)90+ Day
Delinquency Rate (#)
(Q1 2026)Delinquency Rate
(#) Change
Year-over-Year
(Q1 2026 vs. Q1 2025)18-25$8,7813.53%2.18%-2.16%
2.52%-1.50%
26-35$17,4410.07%2.64%6.75%2.56%3.73%36-45$27,0640.61%2.15%4.08%2.21%1.64%46-55$34,7751.11%1.62%6.79%1.79%2.95%56-65$29,9283.94%1.27%3.32%1.24%4.51%65+$15,1413.56%1.17%0.91%0.78%1.59%Canada$22,2781.91%1.77%4.18%1.77%2.38%
Major City Analysis – Debt & Overall Balance Delinquency Rates (excluding mortgages)

CityAverage
Debt
(Q1 2026)Average Debt Change
Year-over-Year
(Q1 2026 vs. Q1 2025)90+ Day
Delinquency Rate ($)
(Q1 2026)Delinquency Rate Change
Year-over-Year
(Q1 2026 vs. Q1 2025)90+ Day
Delinquency Rate (#)
(Q1 2026)Delinquency Rate
(#) Change
Year-over-Year
(Q1 2026 vs. Q1 2025)Calgary$24,5362.00%2.21%6.17%1.84%1.89%Edmonton$23,8550.79%2.72%-0.44%
2.26%-1.09%
Halifax$21,7122.11%1.57%-0.82%
1.75%1.53%Montreal$17,3942.51%1.60%4.94%1.76%4.14%Ottawa$19,6280.68%1.64%6.27%1.50%5.13%Toronto$21,4651.97%2.35%6.88%2.23%4.08%Vancouver$24,0153.03%1.50%6.79%1.61%5.09%St. John's$24,2131.55%1.50%-0.44%
1.76%-2.31%
Fort McMurray$37,4960.31%2.60%-10.54%
2.78%-5.85%

Province Analysis - Debt & Overall Balance Delinquency Rates (excluding mortgages)

ProvinceAverage
Debt
(Q1 2026)Average Debt Change
Year-over-Year
(Q1 2026 vs. Q1 2025)90+ Day
Delinquency Rate ($)
(Q1 2026)Delinquency Rate Change
Year-over-Year
(Q1 2026 vs. Q1 2025)90+ Day
Delinquency Rate (#)
(Q1 2026)Delinquency Rate
(#) Change
Year-over-Year
(Q1 2026 vs. Q1 2025)Ontario$22,8831.51%1.92%9.08%1.88%5.33%Quebec$19,4282.36%1.14%-1.10%
1.38%-0.23%
Nova Scotia$21,8362.50%1.70%-1.14%
1.92%0.07%New Brunswick$23,0167.10%1.69%-6.70%
1.96%-4.75%
PEI$24,3152.09%1.33%6.40%1.75%-0.96%
Newfoundland$25,0621.37%1.62%1.24%1.89%-0.46%
Eastern Region$23,0263.62%1.65%-2.02%
1.92%-1.68%
Alberta$24,7220.78%2.47%1.27%2.08%-0.78%
Manitoba$18,5681.84%1.78%0.77%1.80%2.32%Saskatchewan$23,4641.01%1.75%-6.36%
1.82%-5.66%
British Columbia$23,1212.14%1.61%3.88%1.68%2.97%Western Region$23,2851.51 %1.97%1.50%1.86%0.58%Canada$22,2781.91%1.77%4.18%1.77%2.38%
* Based on Equifax data for Q1 2026

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 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.ca.

Contact:
Andrew Findlater
SELECT Public Relations
[email protected]
(647) 444-1197

Angie Andich
Equifax Canada Media Relations
[email protected]

Subprime Borrower Activity Fuels Bankcard Growth; Delinquency Rates Improve for Most Loans, but Rise for Student Debt

, /PRNewswire/ -- Equifax® (NYSE: EFX) has released its Market Pulse First Quarter U.S. Consumer Credit Trends, which includes U.S. national consumer credit data and trends through March 2026 sourced from Equifax proprietary data. Consumer debt balances reached an all-time high of $18.19 trillion in March, heavily influenced by an increase in subprime borrowers opening new bank cards and carrying higher balances. The data showed signs of stabilization in some delinquency rates, a deepening "K-shaped" credit landscape characterized by an increased reliance on subprime bankcards and rising student loan defaults, and strategic lender efforts to improve asset quality through higher write-off rates.

Through March 2026, total U.S. consumer debt is $18.19 trillion, up 2.8% from over a year ago.* Increased Reliance on Credit Among Subprime Consumers

Outstanding balances in revolving credit, specifically bankcard, are up almost 4% year-over-year, which is outpacing the March 2026 inflation rate of 3.3%. This increase is largely fueled by a surge of subprime borrowers opening new bankcards. Overall, the number of new bankcard accounts grew by 8.1% year-over-year as of January 2026, with subprime originations specifically experiencing an 18.6% increase in new accounts over this 12-month period. Additionally, credit limits among this group increased 37.6% compared to the previous January.

"We are seeing an expansion in the subprime market that underscores the widening gap of the K-shaped economy," said Maria Urtubey, Equifax Advisor. "Lenders originating more bankcard accounts for consumers in subprime while also increasing total credit limits suggests that, for the lower economic tier, credit may have moved beyond a financial tool and may be becoming a necessity for managing the rising costs of living."

Fewer Student Loans Being Originated but Origination Amounts and Delinquency Rates Continues to Grow

While the number of new student loan accounts declined by more than 10% year-over-year as of January 2026, the dollar amount originated still increased by 4.7%, likely reflecting the rising costs of education.

Existing student loan balances continue to decrease due to servicer adjustments for interest waivers and forbearance, as well as borrowers transitioning from the Saving on a Valuable Education (SAVE) Plan to other income-based repayment programs.

Student loan delinquencies continued to trend upward as the 90+ days past due delinquency rate reached 17.01% in March. This increase marks the fourth consecutive month of student loan delinquency increases, although the rate remains more than 9% below the historic peak recorded in May 2025.

"Historically, consumers have prioritized mortgage and auto payments over student loans," said Urtubey. "However, as stricter enforcement measures are restarted, we may begin to see disruption in this 'payment hierarchy', potentially introducing stress into other credit categories."

Improving Delinquencies But Rising Write-Offs Suggest Normalization

Outside of student loans, most consumer credit indicators showed improving 60+ day delinquency rates month-over-month.

Unsecured personal loans dropped from 3.49% in March 2025 to 3.18% in March 2026. Bankcards fell from 3.09% in March 2025 to 2.97% in March 2026. And auto loans slightly decreased from 1.51% in March 2025 to 1.49% in March 2026. This positive trend in delinquency rates was contrasted by rising write-off rates. Both bankcard and auto portfolios saw an increase in write-off rates. Bankcard write-off rates were up 0.9 basis points and auto loans and leases rose up to 27.5 basis points. Typically, delinquencies and write-offs move in tandem, however, the current data demonstrates more of a "lagging indicator," representing accounts that likely became delinquent months ago and have finally reached the point of being uncollectible. Additionally, lenders may be more proactively recognizing losses to rationalize their balance sheets for the 2026 fiscal year.

"For consumers, the fact that delinquency rates are trending positively is an early indicator of resilience," Urtubey said. "For the financial system, the rising write-offs represent a necessary adjustment to bring risk levels back to a sustainable baseline."

Month-Over-Month and Year-Over-Year Results

Total Consumer Debt Balances

Month

Total Consumer Debt ($T)

MoM Change (%)

YoY Change (%)

January 2026

$18.21

0.1 %

2.9 %

February 2026

$18.19

-0.1 %

2.9 %

March 2026

$18.19

0.0 %

2.8 %

First Mortgage Balances

Month

First Mortgage Balances ($B)

MoM Change (%)

YoY Change (%)

January 2026

$12,827

0.0 %

3.1 %

February 2026

$12,854

0.2 %

3.1 %

March 2026

$12,860

0.1 %

2.8 %

Home Equity Lines of Credit (HELOC) Balances

Month

HELOC Balances ($B)

MoM Change (%)

YoY Change (%)

January 2026

$426.2

1.1 %

12.7 %

February 2026

$427.8

0.4 %

12.8

March 2026

$431.0

0.7 %

13.0 %

Auto Loan Balances

Month

Auto Loan Balances ($B)

MoM Change (%)

YoY Change (%)

January 2026

$1,594

0.3 %

0.7 %

February 2026

$1,594

0.0 %

0.7 %

March 2026

$1,599

0.4 %

1.5 %

Bankcard Balances

Month

Bankcard Balances ($B)

MoM Change %

YoY Change (%)

January 2026

$1,122.3

-0.1 %

4.0 %

February 2026

$1,100.1

-2.0 %

4.2 %

March 2026

$1,085.2

-1.4 %

3.9 %

Student Loans Balances

Month

Student Loan Debt ($B)

MoM Change %

YoY Change (%)

January 2026

$1,316

-1.0 %

-2.4 %

February 2026

$1,305

-0.8 %

–1.4%

March 2026

$1,302

-0.2 %

-0.9 %

Equifax has been tracking U.S. National Consumer Credit Trends for more than 20 years. Monthly reports can be found on Equifax.com. These reports track originations, balances and delinquencies on U.S. consumer mortgages, auto loans and leases, student loans, bankcards and private label credit cards, and personal loans. To explore Equifax tools that deliver U.S. National Consumer Credit Trends data and key market metrics click here.

*To view the included graphic, click 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.

Equifax Inc. (EFX) Presents at 2026 Baird Global Consumer, Technology & Services Conference Transcript

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

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Stock to Watch: Equifax (EFX - Free Report) Equifax Inc. is a global data, analytics and technology company. It provides information solutions and human resources business process outsourcing services for businesses, governments and consumers. Its services are based on comprehensive databases of consumer and business information derived from numerous sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.

EFX is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. EFX has a Growth Style Score of B, forecasting year-over-year earnings growth of 12.7% for the current fiscal year.

Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.01 to $8.62 per share. EFX boasts an average earnings surprise of +5.6%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, EFX should be on investors' short list.

Effective July 1, 2026, residents of Ontario can place a digital lock on their credit report as part of identity theft prevention efforts 

TORONTO, June 11, 2026 (GLOBE NEWSWIRE) -- Equifax® Canada is pleased to announce that in line with the Province of Ontario’s Better for Consumers, Better for Businesses Act (Bill 142), Credit Lock will be available to all residents of Ontario on July 1, 2026.

Credit Lock, also referred to as a credit freeze, is a “lock” that all residents of Ontario can place on their Equifax Canada credit report to help defend against identity theft. Equifax Canada is a leader in Credit Lock capability, having activated the same consumer option functionality for Quebec residents in 2023. “In a climate of evolving threats, Credit Lock is one of the ways to help protect yourself from identity theft and fraud. We are pleased to help governments to offer this capability to their provinces,” says Julie Kuzmic, Head of Consumer Advocacy and Compliance at Equifax Canada.

Credit Lock
When an Ontario consumer activates a Credit Lock , they place a “digital deadbolt” on their credit report to help prevent identity theft and/or fraud. If a consumer has a Credit Lock on file, Equifax Canada is legally prohibited from returning the credit score, report, or Personally Identifiable Information to lenders who are considering extending new credit.

Credit Lock is free and placing a Credit Lock on one’s credit report has no impact on a consumer’s credit score calculations. Consumers in qualifying provinces can place, remove, or suspend a Credit Lock immediately through

myEquifax, as well as by phone or mail.

Equifax Canada takes direction from applicable provincial legislatures to define credit reporting standards for the residents of each province or territory. Credit Lock is a recent development in the credit ecosystem and Equifax Canada is ready to work closely with other provinces as governments introduce legislation to bring this capability to their province.

Equifax Canada is committed to identity and fraud prevention
Credit Lock is one piece of Equifax Canada’s larger, national commitment to fighting fraud, which also includes credit monitoring through MyEquifax solutions and

Educational Resources on Fraud and Identity Protection for consumers and businesses. For consumers that prefer a paid subscription service, Equifax offers

Equifax Complete solutions. Equifax Canada is custodian of the country’s largest and most comprehensive known fraud exchange,

FraudIQ™ , a cloud-based platform which helped Canadian organizations avert more than $3B in fraud losses every year. Equifax is also a member of the

Canadian Anti-Scam Coalition which brings together more than 40 leading businesses and government agencies to work together to fight fraud.

“It's important for consumers to understand the options available to help protect themselves from fraud and identity theft,” says Kuzmic. “Consumers can also help protect themselves by checking their credit reports regularly to detect any suspicious activity as quickly as possible. If a consumer finds their information to be inaccurate or incomplete, they can file a dispute online or by mail, ” noted Kuzmic.

The introduction of Credit Lock in Ontario underscores the Equifax Canada commitment to consumer protection. Equifax Canada is ready to work with all provincial partners to offer this free, powerful tool and help consumers live their financial best.

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 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.ca.

Contact:
Andrew Findlater
SELECT Public Relations
[email protected]
(647) 444-1197

Angie Andich
Equifax Canada Media Relations
[email protected]

On June 11, 2026, Equifax Inc EFX shares fell 3.9% to a current price of $159.58. This decline contributes to a broader trend with shares down 26.0% year-to-date and 40.6% over the past year. The stock has fluctuated between a 52-week high of $275.91 and a low of $153.91.

GF Value™ verdict: Current price of $159.58 is 44.2% below the GF Value™ estimate of $285.93.GF Score™ is 77/100, indicating an above-average ranking based on key financial metrics.Most notable signal: Insiders sold $7.6 million in stock over the last 3 months without any buying activity. Is EFX Overvalued or Undervalued? Equifax Inc's current price of $159.58 is significantly below the GF Value™ estimate of $285.93, indicating that the stock is undervalued by 44.2%. This presents a potential opportunity for value investors, as the GF Valuation label indicates that the stock is significantly undervalued. A margin of safety can be observed, as the current price is well below the estimated intrinsic value. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

However, it is worth noting that despite the undervaluation, the company’s recent performance has been concerning, as evidenced by the significant decline in stock price over the past year. Investors should consider the broader market conditions and company-specific factors when evaluating potential investment opportunities.

How Does EFX's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 28.1x 45.2x Forward P/E 18.6x - The current P/E ratio for Equifax Inc (28.1x) is significantly below its 5-year median P/E of 45.2x, indicating that the stock is trading below its historical valuation metrics. This analysis agrees with the GF Value™ verdict of undervaluation, reinforcing the notion that there may be a potential opportunity for investors willing to look past recent performance issues.

What Does EFX's GF Score™ Tell Us? Metric Rating GF Score™ 77 Financial Strength 5/10 Profitability 7/10 Growth 8/10 Valuation 4/10 Momentum 4/10 The GF Score™ of 77/100 reflects a solid position in profitability and growth, which are the strongest aspects for Equifax Inc. However, the financial strength, valuation, and momentum ranks are notably weaker at 5/10, 4/10, and 4/10 respectively. This mixed score suggests that while the company exhibits potential for growth and profitability, there are concerns regarding its financial strength and current valuation metrics.

What Are Insiders Doing with EFX Stock? Recent insider activity for Equifax Inc indicates a trend of selling, with insiders having sold $7.6 million in stock over the past three months and no reported buying. This pattern may suggest a lack of confidence among insiders in the company's near-term performance, which could be a red flag for potential investors.

With no buying activity to counterbalance the selling, this trend may warrant caution as it could indicate that those with intimate knowledge of the company are not optimistic about the future prospects of Equifax Inc.

What This Means for Investors Based on the GF Value™ analysis, Equifax Inc EFX is currently undervalued. The significant gap between the current price and the estimated GF Value™ suggests potential upside for investors, although caution is advised due to recent performance issues and insider selling activity.

For the complete analysis, visit the Equifax Inc EFX stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is EFX's GF Score™?

EFX's GF Score™ is 77/100, indicating an above-average ranking based on key financial metrics. Higher scores suggest a greater potential for long-term returns.

Is EFX overvalued or undervalued?

EFX is currently undervalued according to the GF Value™ estimate, with a significant margin of 44.2% below the intrinsic value.

What is EFX's P/E ratio?

EFX's current P/E ratio is 28.1x, which is significantly below its 5-year median of 45.2x, reinforcing the valuation assessment of being undervalued.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].