CHICAGO, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Cyberattacks are becoming more frequent, disruptive and difficult for organizations to remediate quickly. In the past 18 months, 60% of organizations experienced at least one material impact, according to a commissioned study conducted by Forrester Consulting on behalf of TransUnion (NYSE: TRU).
The research, based on a survey of 327 director-level and above decision-makers who influence or make decisions on incident response strategy, found 40% said their organization lacks an end-to-end incident response partner, while 37% said they do not have a comprehensive incident response plan in place. The full findings will be discussed in the upcoming webinar, Close the Incident Response Gap: How to Strengthen Readiness, Recovery and Trust, on September 22.
“The aftermath of a cyberattack is very chaotic and complex, and most businesses cannot adequately prepare for it on their own,” said Matt Cullina, head of TransUnion’s global cyber insurance business, which helps organizations minimize harm and restore consumer confidence. “Having the right partner can help minimize the damage and get businesses back to normal much faster.”
The study found organizations recognize the need for comprehensive support from expert partners. Three in four respondents (76%) indicated that end-to-end incident response readiness and response support are either “very important” or “mission-critical” when selecting a partner.
In addition, more than 70% of respondents said their organization already uses at least one external incident response provider. However, only 46% said their current provider delivers that capability very well or extremely well, which explains why 41% plan to reevaluate their external incident response providers in the next 12 months.
One of the biggest barriers to adequate incident response support is the cost of retaining outside expertise, especially for midmarket and below organizations with smaller budgets. The study provides several recommendations for maximizing the investment, including:
Utilize retainer time for proactive readiness preparation. This may include conducting initial readiness assessments and internal first responder training to familiarize team members with their roles and basic protocols.Organize cross-functional incident tabletop exercises and realistic crisis simulations to stress test and refine the incident response team’s capabilities. These should involve executive leadership, legal, communications, operations, and other key stakeholders.Prepare external breach communications to customers, partners and employees in advance of an incident. Involve privacy counsel, public relations and HR to hone messaging and have it approved and ready to deploy. While there will be gaps for details specific to each incident, the core messages communicating diligence in resolving the issue and restoring trust will be the same. After exercises or incidents, update plans and playbooks with lessons learned. Periodically reassess external incident response providers to ensure their capabilities and support remain aligned with evolving risks and business needs. “Incident response should be treated as a continuous readiness cycle, not a one-time plan,” added Cullina. “The organizations best positioned to withstand cyber events are those that test their playbooks, include legal, communications and executive stakeholders in tabletop exercises, and continually reevaluate whether their providers can meet today’s threat environment.”
TransUnion incident response solutions help organizations build readiness and move from uncertainty to action. With over 15 years of industry expertise, TransUnion provides flexible services that coordinate responses, reduce disruptions, and support affected individuals. Click here to learn more.
About the study
In this study, Forrester conducted an online survey of 327 director-level and above decision-makers in the United States who influence or make decisions on their organization’s incident response strategy and partner selection. Respondents represented enterprise and midmarket organizations across energy and utilities, financial services, healthcare, insurance, retail and telecommunications services. The study began in February 2026 and was completed in March 2026.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business
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Stock to Watch: TransUnion (TRU - Free Report) Headquartered in Chicago, IL, TransUnion is one of the leading global providers of risk and information solutions to businesses and consumers. The company provides consumer reports, risk scores, analytical services and decision-making capabilities to businesses. What sets TransUnion apart are its distinctive and comprehensive datasets, next-generation technology and its analytics and decision-making capabilities — which enable it to deliver insights across the complete consumer lifecycle. TransUnion boasts rich domain proficiency across key industry verticals, including insurance, healthcare and financial services. It also caters to verticals like wireless, real estate and general commercial/business information. Possession of both nationwide consumer credit data and comprehensive, diverse public records data, enables the company to better predict behavior, assess risk and address a broader set of business issues for its customers.
TRU is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 16.49; 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 $0.07 to $4.84 per share. TRU also boasts an average earnings surprise of +6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, TRU should be on investors' short list.
Shares of TransUnion (NYSE:TRU) are sliding Friday afternoon as investors react to regulatory threats from Federal Housing Finance Agency Director Bill Pulte regarding mortgage credit reporting costs and industry structure.
TransUnion shares are sliding. What’s behind TRU decline? FHFA Director Accuses Credit Bureaus of ‘Cartel-Like’ OverchargingWhile Director Pulte’s Thursday evening directive instructing Fannie Mae and Freddie Mac to approve VantageScore 4.0 for all lenders technically expands the market for a scoring model co-owned by TransUnion, Equifax and Experian, his accompanying comments triggered widespread selling across credit bureau stocks.
In public statements on social media, Pulte accused the three major credit reporting agencies of “overcharging Americans for far too long” and operating with “cartel-like” pricing power. Pulte pledged that the practice “will end soon,” noting that conversations with bureau leadership regarding fee reductions had yielded insufficient progress.
‘Bi-Merge’ Threat Endangers Core Mortgage Data VolumeThe primary catalyst driving TRU stock lower is Pulte’s warning that the FHFA is “seriously considering bi-merge and stronger solutions” for government-backed home loans.
Under the current “tri-merge” framework, mortgage lenders are required to pull credit files from all three national bureaus, TransUnion, Equifax and Experian, for every loan delivered to Fannie Mae or Freddie Mac.
Shifting to a “bi-merge” model would allow lenders to evaluate borrowers using data from only two bureaus, effectively cutting overall industry report volume by a third.
For TransUnion, the potential loss of guaranteed mortgage file volume creates a major structural headwind that overshadows any near-term gains from expanded VantageScore adoption.
TRU Shares Tumble Friday AfternoonTRU Price Action: TransUnion shares were down 7.02% at $78.96 at the time of publication on Friday, according to Benzinga Pro data.
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CHICAGO, Sept. 01, 2026 (GLOBE NEWSWIRE) -- In a marketing landscape defined by fragmentation and noise, TransUnion (NYSE: TRU) made itself impossible to ignore. The company's TruAudience® Marketing Solutions campaign, Bring Clarity to Chaos: How TransUnion Turned Mindshare Into Market Share, was named a 2026 AdExchanger Awards finalist for "Most Innovative Marketing Campaign."
Finalist recognition reflects the campaign's creative strategy, turning TransUnion's promise of bringing clarity to fragmented marketing ecosystems into a connected, omnichannel brand experience. By mirroring the challenge its solutions solve every day, the campaign transformed fragmented brand interactions into a cohesive narrative across Connected TV, online video, social, podcasts, trade media, digital out-of-home and major industry events, including Cannes Lions, CES and Advertising Week. The approach helped engage modern B2B buying committees wherever marketing decisions are made.
“Enterprise technology decisions are rarely made by one person, so we built our approach around creating familiarity and confidence across the entire buying committee,” said Brian Silver, EVP of Global Marketing Solutions at TransUnion. “This recognition from AdExchanger reflects how our team is rethinking how we build trust and influence in an increasingly fragmented marketing landscape.”
TruAudience brings together TransUnion’s identity, data, audience and measurement capabilities to help advertisers and media companies better understand consumers, reach the right audiences and measure the impact of their marketing investments across channels. Leveraging identity data that covers more than 98% of U.S. consumers, TransUnion helps brands connect fragmented signals to build a more holistic view of their customers, uncover actionable insights, deliver more relevant experiences and validate marketing spend against business outcomes, all while maintaining privacy-centric data standards.
Learn more about TruAudience and how TransUnion helps marketers turn audience intelligence into measurable business outcomes here.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments, we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
Corient Private Wealth LP bought a new position in shares of TransUnion (NYSE:TRU – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 104,227 shares of the business services provider’s stock, valued at approximately $7,519,000. Corient Private Wealth LP owned approximately 0.05% of TransUnion at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Azora Capital LP acquired a new stake in shares of TransUnion during the 2nd quarter valued at approximately $20,338,000. Bamco Inc. NY purchased a new stake in shares of TransUnion in the second quarter valued at $39,247,000. Bank of America Corp DE purchased a new position in TransUnion in the 2nd quarter valued at about $112,747,000. Freestone Grove Partners LP acquired a new stake in TransUnion during the second quarter worth approximately $44,103,000. Finally, Man Group plc purchased a new stake in TransUnion in the 2nd quarter worth approximately $2,361,000.
TransUnion Stock Up 0.0% Shares of NYSE TRU opened at $85.68 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.90 and a current ratio of 1.90. TransUnion has a 1 year low of $63.37 and a 1 year high of $95.50. The stock’s 50-day simple moving average is $78.18 and its 200-day simple moving average is $73.77. The firm has a market cap of $16.42 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.41 and a beta of 1.53.
TransUnion (NYSE:TRU – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. TransUnion had a return on equity of 16.29% and a net margin of 15.08%.The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the business posted $1.08 earnings per share. TransUnion’s revenue for the quarter was up 14.9% on a year-over-year basis. TransUnion has set its Q3 2026 guidance at 1.180-1.210 EPS and its FY 2026 guidance at 4.750-4.830 EPS. As a group, equities analysts anticipate that TransUnion will post 4.24 earnings per share for the current fiscal year. TransUnion Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 20th. TransUnion’s dividend payout ratio is 13.19%.
Insider Activity at TransUnion In other TransUnion news, insider Todd C. Skinner sold 1,000 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $72.64, for a total transaction of $72,640.00. Following the transaction, the insider directly owned 64,634 shares in the company, valued at $4,695,013.76. This represents a 1.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer A. Williams sold 972 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $80.00, for a total transaction of $77,760.00. Following the transaction, the chief accounting officer owned 5,843 shares in the company, valued at $467,440. This trade represents a 14.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 46,090 shares of company stock worth $3,710,541. 0.37% of the stock is currently owned by insiders.
Analysts Set New Price Targets A number of research analysts have weighed in on the company. Needham & Company LLC increased their price target on TransUnion from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Wall Street Zen raised TransUnion from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company upped their target price on TransUnion from $90.00 to $102.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Robert W. Baird increased their target price on TransUnion from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $106.00 price target on shares of TransUnion in a research note on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.38.
Read Our Latest Research Report on TRU
TransUnion Company Profile (Free Report)
TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.
The company’s offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.
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Investors in TransUnion (TRU - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Sept. 18, 2026 $42.50 Put had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for TransUnion shares, but what is the fundamental picture for the company? Currently, TransUnion is a Zacks Rank #3 (Hold) in the Business - Information Services industry that ranks in the Top 41% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while four analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.23 per share to $1.21 in that period.
Given the way analysts feel about TransUnion right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Bank of New York Mellon Corp bought a new stake in shares of TransUnion (NYSE:TRU – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,256,532 shares of the business services provider’s stock, valued at approximately $90,646,000. Bank of New York Mellon Corp owned about 0.66% of TransUnion at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mirabaud Asset Management Ltd lifted its position in shares of TransUnion by 49.3% during the fourth quarter. Mirabaud Asset Management Ltd now owns 76,844 shares of the business services provider’s stock worth $7,221,000 after purchasing an additional 25,381 shares in the last quarter. Wealth High Governance Capital Ltda acquired a new position in shares of TransUnion in the fourth quarter valued at approximately $10,466,000. Financiere des Professionnels Fonds d investissement inc. increased its stake in TransUnion by 18.6% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 292,452 shares of the business services provider’s stock worth $25,078,000 after buying an additional 45,840 shares during the period. BNP Paribas Financial Markets lifted its holdings in TransUnion by 280.6% during the 4th quarter. BNP Paribas Financial Markets now owns 269,550 shares of the business services provider’s stock worth $23,114,000 after buying an additional 198,726 shares in the last quarter. Finally, PBCay One RSC Ltd acquired a new stake in TransUnion during the 4th quarter worth approximately $52,131,000.
Wall Street Analysts Forecast Growth TRU has been the subject of a number of recent research reports. UBS Group lifted their price target on shares of TransUnion from $72.00 to $77.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. The Goldman Sachs Group restated a “neutral” rating and issued a $82.00 price objective on shares of TransUnion in a report on Tuesday, July 28th. JPMorgan Chase & Co. decreased their price objective on shares of TransUnion from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. BMO Capital Markets boosted their target price on shares of TransUnion from $85.00 to $98.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company increased their target price on TransUnion from $90.00 to $102.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.38.
Check Out Our Latest Stock Report on TransUnion Insider Activity In other news, insider Todd C. Skinner sold 1,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $72.64, for a total transaction of $72,640.00. Following the transaction, the insider owned 64,634 shares of the company’s stock, valued at approximately $4,695,013.76. This trade represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alicia Brooke Zuiker sold 8,673 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $78.49, for a total transaction of $680,743.77. Following the sale, the executive vice president owned 41,883 shares of the company’s stock, valued at approximately $3,287,396.67. The trade was a 17.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 58,773 shares of company stock worth $4,615,228 in the last ninety days. 0.37% of the stock is currently owned by company insiders.
TransUnion Stock Performance Shares of TRU stock opened at $84.79 on Tuesday. The stock has a market capitalization of $16.25 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 1.39 and a beta of 1.53. TransUnion has a 52-week low of $63.37 and a 52-week high of $95.50. The stock’s 50-day moving average price is $76.64 and its 200 day moving average price is $73.41. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.07.
TransUnion (NYSE:TRU – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TransUnion had a net margin of 15.08% and a return on equity of 16.29%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. TransUnion has set its Q3 2026 guidance at 1.180-1.210 EPS and its FY 2026 guidance at 4.750-4.830 EPS. As a group, equities research analysts forecast that TransUnion will post 4.24 EPS for the current year.
TransUnion Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Thursday, August 20th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 20th. TransUnion’s dividend payout ratio (DPR) is presently 13.19%.
TransUnion Profile (Free Report)
TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.
The company’s offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.
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Growth in new mortgages slowed significantly as affordability pressures persistedMore Canadians fell seriously behind on payments year-over-year, with stress concentrated in Alberta, Saskatchewan and OntarioConsumer insolvency rates rose, driven primarily by non-mortgage holders TORONTO, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Canadian consumer debt hit a record $2.64 trillion in the second quarter of 2026 as debt levels grew faster than the number of Canadians using credit, as existing borrowers carried larger balances than a year earlier, according to TransUnion's Q2 2026 Credit Industry Insights Report (CIIR). Total outstanding balances grew $116.7 billion (+4.6%) year-over-year (YoY), while the number of Canadians with access to credit expanded more modestly to 32.5 million, a 1.1% YoY increase.
Total balance growth in Q2 2026 was highest among consumers at opposite ends of the risk spectrum. Super prime balances grew 6.5% YoY to $1.74 trillion, while subprime balances increased 5.9% YoY to $62.0 billion.
Total Outstanding Credit Balances for All Products in Billions Q2 2025 Q2 2026 YoY Change Super Prime$1,631.8 $1,737.2 6.5% Prime Plus$349.6 $353.9 1.2% Prime$273.1 $273.1 0.0% Near Prime$198.8 $202.2 1.7% Subprime$58.5 $62.0 5.9% Credit limits and borrowing grew nearly at the same pace across all credit tiers. Credit limits for super prime consumers increased 6.4% YoY alongside a 6.5% rise in balances, while subprime consumers saw available credit grow 5.8% alongside a 5.9% balance increase. This suggests lenders continued to extend credit in both segments while borrowing levels remained relatively stable compared to credit limits.
While overall the credit market remained healthy in Q2 2026, the data suggests Canadians are experiencing increasingly different financial realities. Borrowing growth was strongest among consumers with the highest and lowest credit profiles, indicating that while some households expanded borrowing from a position of financial strength, others may have relied more heavily on credit to manage ongoing financial pressures.
Canadians with non-mortgage debt owed an average of $28,118 in Q2 2026, up 7.6% from a year earlier. Balances increased across all major lending product categories, led by auto loans (7.9%), lines of credit (7.4%), personal loans (7.1%) and credit cards (5.1%).
Average non-mortgage balances rose across nearly all credit tiers except subprime. Growth was strongest among prime plus and super prime consumers at approximately 5% YoY. While total balance growth including mortgages was strongest among consumers at both ends of the credit spectrum, growth in average non-mortgage balances was concentrated among lower-risk consumers.
Average Non-mortgage Balance per Consumer Q2 2025 Q2 2026 YoY Change Super Prime$30,663 $32,232 5.1% Prime Plus$25,655 $26,927 5.0% Prime$24,974 $26,124 4.6% Near Prime$23,054 $23,852 3.5% Subprime$19,225 $19,181 -0.2% “Credit growth in the second quarter reflected a widening divide across risk tiers. Super prime, prime plus and prime consumers continued to increase non-mortgage borrowing, while subprime consumers modestly reduced balances year over year, pointing to a more cautious borrowing environment among higher-risk households,” said Matt Fabian, senior director of financial services research and consulting at TransUnion Canada. “For lenders, this underscores the potential value of differentiated strategies: prudent expansion in lower-risk segments and close monitoring of subprime performance.”
Affordability Pressures Continued to Slow New Mortgage Activity
Canada's mortgage market remained broadly stable in Q2 2026, but growth in new mortgages slowed noticeably. New mortgage origination increased 7.8% YoY, well below the double-digit growth seen in recent quarters, as affordability challenges, economic uncertainty and cautious consumer sentiment continued to dampen homebuying activity despite improving housing market conditions.
Canadians continued to carry larger mortgage balances in Q2 2026, even as fewer mortgages were outstanding overall. Total mortgage balances rose 3.9% YoY to $1.93 trillion, while the number of mortgage accounts declined slightly by 0.2%. The average outstanding mortgage balance increased 4.2% YoY to $293,270, suggesting that growth was driven by larger balances on existing mortgages, potentially stemming from higher loan amounts in prior years, mortgage renewals, and smaller legacy mortgages being paid off.
At the same time, new homebuyers were borrowing less. The average balance on newly issued mortgages fell 2.4% YoY to $354,683, suggesting affordability pressures influenced purchasing decisions and may have pushed some buyers toward lower-priced homes, larger down payments, or more affordable housing markets.
Despite ongoing affordability pressures, mortgage delinquencies remained low overall in Q2 2026, with 99.7% of mortgage holders making payments on time. However, the share of serious mortgage delinquency (60+ days past due) edged higher across all measures. Consumer-level serious delinquency rose 3 basis points (bps) to 0.29%, account-level rose 3 bps to 0.30%, and balance-level delinquency rose 6 bps to 0.31% YoY. The larger increase in balance-level delinquency indicated financial stress was becoming more concentrated among borrowers with larger mortgage balances.
Homeowners who took out new mortgages during the 2022–2023 period of rapidly rising interest rates continued to face greater affordability pressures and higher delinquency rates, particularly among the small segment of subprime borrowers. Mortgages originated in 2024 generally performed better, especially among subprime and near prime consumers. While overall mortgage delinquency rates edged higher in Q2 2026, the data continued to point to a resilient market, with financial stress concentrated among specific borrower segments rather than across homeowners more broadly.
Provinces Experiencing Mortgage Stress Differently
Mortgage payment trends continued to vary across the country in Q2 2026. While the national increase in mortgage delinquency remained modest, signs of financial stress were concentrated in provinces with higher housing costs and larger average mortgage balance, particularly Ontario and British Columbia. By contrast, several Prairie and Atlantic provinces remained stable or improved YoY.
Ontario experienced the largest YoY increase in account-level mortgage delinquency, rising 6 bps, followed by Prince Edward Island (5 bps) and British Columbia (4 bps). Alberta, Saskatchewan, Manitoba and Newfoundland and Labrador reported stable or improving results.
The differences were even more pronounced at the balance level. Ontario recorded the largest YoY increase in balance-level mortgage delinquency, rising 10 bps YoY. British Columbia followed with a 7 bps increase, reinforcing the trend that mortgage stress was more concentrated in higher-cost housing markets.
60 Days Past Due Delinquency Rates Account-level mortgage delinquencyBalance-level mortgage delinquency Q2 2025Q2 2026Change bpsQ2 2025Q2 2026Change bpsCanada0.26%0.29%30.25%0.31%6BC0.23%0.27%40.21%0.28%7AB0.32%0.31%-10.22%0.23%1SK0.39%0.36%-30.26%0.25%-2MB0.36%0.34%-10.21%0.22%1ON0.26%0.32%60.30%0.41%10QC0.22%0.22%00.18%0.17%-1NB0.29%0.31%20.16%0.18%2NS0.30%0.30%00.15%0.17%3PEI0.24%0.28%50.13%0.17%4NL0.34%0.32%-20.25%0.23%-2 “Although mortgage delinquency rates remain low nationally, signs of credit stress are concentrated in higher-cost housing markets, where borrowers tend to carry larger mortgage balances and face greater exposure to affordability pressures and payment shocks,” said Fabian. “Provincial results suggest the recent rise in mortgage delinquencies is driven less by broad borrower distress and more by localized weakness in Canada’s most expensive markets, particularly Ontario and British Columbia.”
Most Canadians are Keeping Up with Payments, but More are Seeking Debt Relief
While most Canadians continued to keep up with their debt payments, a greater number turned to formal debt relief solutions in Q2 2026. Overall consumer credit performance remained broadly resilient, with national delinquency rates showing only modest change over the past two years. In fact, fewer consumers fell behind on payments compared to a year earlier, with the share of consumers 30+ days past due (DPD) declining to 4.27%, the lowest level observed over the past two years.
At the same time, the share of consumers who were in later stages of delinquency – 60+ and 90+ days past due – rose modestly above last year’s levels. However, delinquent consumers were generally not more likely to fall further behind than in previous periods.
Taken together, the data suggested that persistent financial stress remained concentrated among a relatively small segment of consumers rather than reflecting a widespread deterioration in credit quality.
Consumer Delinquency by Stage Consumers 30+ DPDConsumers 60+ DPDConsumers 90+ DPDQ2 20244.41%2.51%1.74%Q2 20254.34%2.52%1.77%Q2 20264.27%2.56%1.81% Beneath the stable national average, provincial results moved in different directions, highlighting uneven economic conditions across the country. The most significant deterioration in serious consumer delinquency (90+ days past due) was concentrated in Alberta, Saskatchewan, and Ontario, which together accounted for most of the upward pressure observed in the national delinquency rate. While fewer consumers entered delinquency nationally, a smaller group of financially stressed borrowers continued to struggle, suggesting an uneven recovery shaped by regional affordability pressures and slower household financial recovery.
Consumer 90+ DPD Delinquency by Province
Q2 2025Q2 2026Y/Y change (bps)AB2.29%2.41%12NB1.96%1.98%1ON1.90%1.96%6NS1.92%1.91%-1MB1.93%1.90%-3SK1.78%1.89%10NL1.71%1.76%5PEI1.69%1.70%1BC1.68%1.67%-1QC1.27%1.25%-2 While delinquency rates remained relatively stable, more Canadians turned to formal debt relief solutions. The consumer insolvency rate rose to 1.10% in Q2 2026, up from 0.94% in Q2 2024, reaching the highest level observed over the past two years. Insolvency rates increased steadily over that time, suggesting more consumers were turning to formal debt relief after exhausting other options.
The rise in insolvencies was primarily driven by non-mortgage holders. Insolvency filing rates among non-mortgage holders have moved modestly above pre-pandemic levels, while rates among mortgage holders remained below their pre-2020 levels. This divergence indicates that financial stress isn't being evenly distributed across the population as consumers without mortgages appear to be facing greater difficulty managing rising living costs and unsecured debt obligations, while homeowners have remained comparatively more financially resilient.
The composition of insolvency filings has remained largely unchanged despite growing overall volumes. Consumer proposals continued to account for nearly 80% of all filings, up from approximately 60% before the pandemic, while bankruptcies represented only about one-fifth of filings. This mix suggests the increase in insolvencies reflects consumers seeking structured debt restructuring solutions rather than a more broad-based deterioration in household finances.
"The gap between stable delinquency and rising insolvency is one of today’s more nuanced credit dynamics. On one hand, delinquency metrics suggest the market remains resilient; however, rising insolvency filings show that certain consumers, especially those without the asset buffer of homeownership, face growing financial pressure," said Fabian. "The dominance of consumer proposals is somewhat reassuring, as it suggests more consumers are seeking debt restructuring rather than defaulting outright. The key question for the second half of 2026 is whether economic normalization can ease that pressure."
Canada’s Credit Market Shows Signs of Stabilizing, but Momentum Remains Uneven
Canada’s Credit Industry Indicator (CII) rose to 100.9 in Q2 2026, up half a point from the previous quarter and two points from a year earlier. The modest increase suggests credit conditions are stabilizing rather than strengthening, as borrowing demand recovers and credit availability moves closer to balanced levels. Softer balance growth and uneven delinquency trends indicate the credit market has improved from the 2025 slowdown but remains below the stronger conditions seen in earlier expansionary periods.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries, including Canada, where we’re the credit bureau of choice for the financial services ecosystem and most of Canada’s largest banks. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this by providing an actionable view of consumers, stewarded with care.
Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
For more information visit: www.transunion.ca
For more information or to request an interview, contact:
TransUnion says it is modernizing the way it calculates U.K. consumers' credit scores. The information, insights and credit reporting company on Wednesday (Aug. 26) introduced a new credit scoring system designed to help consumers better understand their credit score and their options when it comes to borrowing.
CHICAGO, Aug. 27, 2026 (GLOBE NEWSWIRE) -- A new TransUnion (NYSE: TRU) analysis found that financially distressed consumers who enroll in third-party debt settlement programs may experience greater credit score declines than consumers who file for bankruptcy. The analysis also found that nearly half of debt settlement enrollees were current on their obligations when they entered the program.
Three months before enrollment, debt settlement consumers appeared slightly less risky than eventual bankruptcy filers, with a median VantageScore® 4.0 credit score of 587 versus 570. Near-prime consumers also represented a larger share of debt settlement enrollees, creating potential blind spots for lenders who may otherwise be able to work with consumers on alternative repayment options.
However, after enrollment, the pattern reversed. Among consumers who were current when they enrolled in debt settlement, median credit scores fell from 645 six months before enrollment to 549 six months afterward, a 96-point decline. Bankruptcy filers, in comparison, only experienced a 20-point decline over the same period, indicating debt settlement was significantly more damaging to a credit score for many consumers.
Debt Settlement Consumers Saw Greater Credit Score Declines Than Those Who Filed for Bankruptcy
Consumers Enrolled in Debt Settlement ProgramsConsumers Who Filed for BankruptcyCurrent30-90 DPD120+ DPDSix months pre-enrollment645623573582At enrollment582519525556Six months post-enrollment549551551562Difference pre- vs. post- enrollment-96-72-22-20
"Consumers often view debt settlement as a less disruptive alternative to bankruptcy, but our research found outcomes can vary significantly based on a consumer's circumstances," said Jason Laky, executive vice president and head of financial services at TransUnion. "For consumers who entered debt settlement while current on their obligations, score declines were often more severe than those observed among bankruptcy filers. This underscores the importance of understanding settlement-related exposure when making credit and account management decisions."
Identifying Debt Settlement Risk Before Enrollment
TransUnion's research also found predictive measures that lenders can use to help identify consumers likely to opt for third-party debt settlement programs before enrollment occurs. More than half of all debt settlement enrollees were current at the time they entered a program, highlighting the limitations of relying solely on delinquency-based monitoring.
The analysis showed that combining bankruptcy-related risk signals with trended credit attributes significantly improved identification rates. Adding TruVision™ attributes enabled the model to capture an additional 25% of debt settlement enrollees within the highest-risk 10% of consumers, with meaningful gains across broader scoring bands as well.
"Many consumers entering debt settlement programs are not yet showing traditional distress indicators such as delinquency," said Michele Raneri, vice president and head of U.S. research and consulting at TransUnion. "Combining bankruptcy-related risk signals with credit trends like rising utilization, growing balances and increased unsecured borrowing helps lenders identify potential debt settlement enrollment earlier, make better credit decisions, and discuss alternative options with borrowers."
These findings suggest lenders can better identify debt settlement enrollment risk by monitoring rising balances, higher utilization, growth in unsecured personal loans, and changes in trade activity. Applying these indicators to portfolio reviews, account management, prescreening and credit line increase strategies may help detect enrollment risk earlier. This enables more precise credit decisions and stronger portfolio management before risk appears through delinquency or other performance declines.
To learn more about how TruVision can help lenders more precisely balance risk and opportunity with risk management products that identify and manage best-fit customers across the account lifecycle, click here.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments, we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
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Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
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Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
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How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.8% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
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Stock to Watch: TransUnion (TRU - Free Report) Headquartered in Chicago, IL, TransUnion is one of the leading global providers of risk and information solutions to businesses and consumers. The company provides consumer reports, risk scores, analytical services and decision-making capabilities to businesses. What sets TransUnion apart are its distinctive and comprehensive datasets, next-generation technology and its analytics and decision-making capabilities — which enable it to deliver insights across the complete consumer lifecycle. TransUnion boasts rich domain proficiency across key industry verticals, including insurance, healthcare and financial services. It also caters to verticals like wireless, real estate and general commercial/business information. Possession of both nationwide consumer credit data and comprehensive, diverse public records data, enables the company to better predict behavior, assess risk and address a broader set of business issues for its customers.
TRU 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. TRU has a Growth Style Score of B, forecasting year-over-year earnings growth of 12.6% for the current fiscal year.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.07 to $4.84 per share. TRU also boasts an average earnings surprise of +6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, TRU should be on investors' short list.
A month has gone by since the last earnings report for TransUnion (TRU - Free Report) . Shares have added about 0.9% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is TransUnion due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for TransUnion before we dive into how investors and analysts have reacted as of late.
TransUnion's Q2 Earnings Beat EstimatesTransUnion reported impressive second-quarter 2026 results, with both earnings and revenues beating the Zacks Consensus Estimate.
TRU’s adjusted earnings of $1.23 per share topped the Zacks Consensus Estimate by 7.9% and increased 13.9% from the year-ago quarter’s level. The performance extended the company’s strong start to 2026.
Revenues of $1.31 billion surpassed the consensus estimate by 1.7% and rose 14.9% year over year. Organic constant-currency revenues grew 10% from the year-ago quarter, led by U.S. Financial Services and Emerging Verticals.
TRU's U.S. Markets Growth BroadensU.S. Markets revenues increased 11% to $992.7 million. Financial Services revenues climbed 18% to $496.3 million, reflecting strength across credit and non-credit offerings, pricing actions and new client wins.
Excluding FICO mortgage royalties, Financial Services growth was 10%. Credit Card and Banking revenues increased 6%, while Consumer Lending and Auto each grew 8%. Mortgage revenues advanced 37%, or 15% excluding the royalty benefit, despite a 7% decline in inquiries.
Emerging Verticals revenues rose 9% to $353.9 million. Insurance delivered its eighth consecutive quarter of double-digit growth, while technology, retail and e-commerce produced high-single-digit growth.
Consumer Interactive revenues declined 3% to $142.5 million. Growth through indirect channels was offset by continued weakness in the direct-to-consumer business.
TransUnion's International Growth AcceleratesInternational revenues increased 27% to $320.8 million, including the contribution from Trans Union de Mexico. On an organic constant-currency basis, growth accelerated to 6% from flat performance in the first quarter.
Canada revenues rose 10% to $46.4 million, supported by financial services, fintech and insurance demand. The United Kingdom revenues increased 9% to $73.5 million, benefiting from market-share gains and new business across banking and fintech.
India revenues returned to growth, rising 8% on a constant-currency basis, as credit volumes improved and new client wins strengthened. Latin America grew 5% organically, while Africa advanced 5%. Asia Pacific declined 7%, although management expects the region to return to growth in the second half.
Trans Union de Mexico continued to perform ahead of the company’s acquisition assumptions. Management plans to expand its data coverage, introduce TruIQ analytics and eventually migrate the business to the OneTru platform.
TRU's Margin Picture Reflects Royalty DragAdjusted EBITDA increased 12% to $456.1 million. The adjusted EBITDA margin contracted 90 basis points to 34.8%, with management attributing the decline entirely to FICO mortgage royalties.
U.S. Markets adjusted EBITDA rose 7% to $361 million, while its margin declined to 36.4% from 37.9%. International adjusted EBITDA increased 27% to $136.8 million, while its margin held steady at 42.7%.
GAAP net income attributable to TransUnion increased to $143.4 million from $109.6 million. Diluted GAAP earnings were 74 cents per share, up from 56 cents in the prior-year quarter.
TransUnion's Cash Flow Supports BuybacksTransUnion ended June with $839.1 million in cash and cash equivalents and $5.59 billion in total debt. Its leverage ratio declined to 2.6X, supported by adjusted EBITDA growth.
Cash provided by operating activities totaled $459.1 million in the first six months of 2026, up from $343.8 million a year earlier. Capital expenditures decreased to $134.4 million from $145.4 million.
The company repurchased roughly $150 million of shares through July, including 2.1 million shares at an average price of about $71. Management expects second-half repurchases to be at least comparable to the first-half pace while continuing to target leverage below 2.5X.
TRU’s Q3 & 2026 OutlookFor the third quarter, TransUnion expects revenues to be between $1.292 billion and $1.310 billion, representing reported growth of 11-12%. Organic constant-currency growth is projected at 6-8%.
TRU guided its third-quarter 2026 adjusted earnings to be between $1.18 and $1.21 per share. Adjusted EBITDA is anticipated to be between $455 million and $463 million, with a margin of 35.2-35.4%.
For 2026, the company raised its revenue outlook to $5.127-$5.162 billion, implying growth of 12-13%. Organic constant-currency growth remains projected at 8-9%.
Adjusted EBITDA is expected between $1.807 billion and $1.827 billion. Adjusted earnings guidance increased to $4.75-$4.83 per share from the earlier range of $4.68-$4.75, reflecting stronger first-half execution and improved contributions from Mexico.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.
VGM ScoresAt this time, TransUnion has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a score of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, TransUnion has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Key Takeaways TransUnion shares rose 18.3% in three months compared with the industry's 5.4% growth.AI usage and OneTru are expanding data demand, product innovation and the company's sales pipeline.TRU's cash flow strengthened, but $5.59B in debt and rising interest costs constrain capital allocation. Shares of TransUnion (TRU - Free Report) have had a decent run over the past three months. The stock has gained 18.3% compared with the industry’s 5.4% and the Zacks S&P 500 Composite's 0.3% growth.
Image Source: Zacks Investment Research
TRU 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 third-quarter 2026 earnings are expected to increase 10% year over year. Its 2026 and 2027 earnings are projected to rise 12.6% and 15.4%, respectively. Revenues are anticipated to grow 12.8% in 2026 and 8.1% in 2027.
Factors That Bode Well for TRU’s SuccessAI Usage Should Boost Demand: TransUnion operates in the fast-growing big data and analytics market. Rising data creation, advances in analytics, and broader use of data-driven decision-making across industries and geographies are driving market growth. The company is expanding its artificial intelligence (AI) usage and integration to extend its opportunity through proprietary credit and alternative data, fraud, marketing and analytics capabilities.
During the second quarter of 2026, management highlighted that AI should increase demand for proprietary data, analytics and decisioning as customers seek to activate data at scale. The company expects greater AI sophistication over time to support higher data consumption, greater demand for its AI software, TruIQ analytics and faster adoption of marketing and fraud tools.
TRU’s OneTru Supports Scalability & Innovation: The company’s OneTru platform, which unifies data, analytics and decisioning across credit, marketing and fraud, expands scalability and innovation. It helped the company develop roughly 40 new products and AI-powered enhancements in the first half of 2026, supporting a broader sales pipeline and scalable growth. The platform supports TransUnion’s TruIQ analytics in Canada, the United Kingdom and India.
Strong Operating Cash Supports Financial Flexibility: TRU reported that operating cash flow climbed 28.9% and free cash flow rose 43% year over year during the second quarter of 2026. For the first half of 2026, operating cash flow was $459.1 million. This solid operating cash performance allows the company to innovate and expand further without straining profitability.
Watch Out for These Risks to TRU StockStiff Competition Raises Cost Pressure: TransUnion competes with companies like Equifax, Experian, LexisNexis and FICO across information services and the marketing and consumer solutions market. Maintaining differentiation requires continued spending on data, technology and talent. As a result, TRU faces the challenge of balancing costs while maintaining steady profitability.
Elevated Debt: TRU has a heavy debt burden. The company had $5.59 billion of total debt compared with $839.1 million of cash at the end of the second quarter of 2026. Interest expense increased to $65.9 million in the same time frame from $55.7 million a year earlier. The debt load therefore remains a constraint on capital allocation and increases sensitivity to financing costs.
TransUnion has a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to ConsiderA couple of better-ranked stocks in the broader Business Services sector are Bright Horizons Family Solutions Inc. (BFAM - Free Report) and CBIZ, Inc. (CBZ - Free Report) .
Bright Horizons Family Solutions carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 13.9%.
BFAM delivered a trailing four-quarter earnings surprise of 7.6%, on average.
CBIZ also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 11.6%.
CBZ beat earnings estimates in three of the last four quarters and missed once, with an average earnings surprise of 8.9%.
CHICAGO, Aug. 20, 2026 (GLOBE NEWSWIRE) -- New research from TransUnion (NYSE: TRU) found that trust, reputation and transparency are the most important factors shaping how consumers choose and maintain relationships with wealth management providers. The findings highlight a significant opportunity for firms to differentiate themselves in an increasingly competitive and digital marketplace.
In a survey of 1,000 U.S. consumers with at least $20,000 in investable assets, TransUnion found that trust and reputation outweigh every other factor in choosing a wealth management provider. Nearly two in three (65%) current investors ranked trust and reputation among their top factors, compared with 49% who cited fees and pricing. Trust and reputation also topped the list for prospective investors, with 58% identifying them as a key consideration.
The research also revealed that trust is built through specific, tangible experiences. Investors identified transparency in fees and advice (56%), along with reputation and brand credibility (56%), as the leading drivers of trustworthiness.
Notably, concerns about fraud are shaping how investors define trust. More than half (56%) of investors said they are moderately to extremely concerned about the impact fraud could have on their investments, highlighting the growing importance of fraud prevention and identity protection capabilities within the wealth management experience. The findings suggest investors are evaluating firms on more than investment performance alone, placing increased value on providers that demonstrate their ability to safeguard investor data throughout the client relationship.
“Wealth managers have traditionally competed on performance, products and price. Our research shows that the competitive landscape is changing,” said Joshua Turnbull, senior vice president of financial services at TransUnion. “Investors are telling us that confidence and credibility matter as much as – and sometimes more than – traditional decision factors. As digital engagement becomes the norm, trust is no longer an intangible brand attribute; it is a measurable business asset that can influence acquisition, retention and long-term growth.”
The findings show that investors increasingly expect firms to reinforce trust through strong protection and security practices. As wealth management interactions increasingly move online, firms that visibly safeguard client identities, accounts and communications may be better positioned to strengthen investor confidence, deepen loyalty and differentiate themselves in a competitive market.
Trust as a Growth Strategy
The findings suggest that trust is no longer simply a brand attribute. It has become a fundamental imperative that can drive client acquisition and retention. While digital capabilities remain important, investors place greater value on firms that consistently demonstrate transparency, accessibility and protection throughout the client journey.
For wealth management firms, this indicates that trust must be demonstrated throughout the investor lifecycle, not simply earned at the point of account opening. Organizations that understand changing investor expectations and create personalized experiences can build confidence across every interaction. In turn, they may be better positioned to attract new clients, strengthen existing relationships and stand apart in a competitive market.
The research also highlights the importance of connecting engagement, communications and protection strategies. Firms that strengthen client communications, enhance interactions and help protect investors from fraud and identity-based threats can reinforce trust while supporting long-term loyalty. Together, these capabilities can strengthen investor relationships and support sustainable growth.
Turnbull continued, “Trust has become a defining factor in how investors choose and evaluate wealth management providers. For firms navigating a rapidly evolving marketplace, understanding what builds confidence is critical. These findings provide a roadmap for wealth managers to strengthen client relationships and drive growth, while highlighting the need for solutions that deliver the transparency, protection and personalized engagement investors increasingly expect.”
To learn more about how TransUnion wealth management solutions can help strengthen investor relationships, build trust and support long-term growth, click here.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments, we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
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.
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 ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see 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 ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus 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 maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure 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.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: TransUnion (TRU - Free Report) Headquartered in Chicago, IL, TransUnion is one of the leading global providers of risk and information solutions to businesses and consumers. The company provides consumer reports, risk scores, analytical services and decision-making capabilities to businesses. What sets TransUnion apart are its distinctive and comprehensive datasets, next-generation technology and its analytics and decision-making capabilities — which enable it to deliver insights across the complete consumer lifecycle. TransUnion boasts rich domain proficiency across key industry verticals, including insurance, healthcare and financial services. It also caters to verticals like wireless, real estate and general commercial/business information. Possession of both nationwide consumer credit data and comprehensive, diverse public records data, enables the company to better predict behavior, assess risk and address a broader set of business issues for its customers.
TRU is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Business Services stock. TRU has a Momentum Style Score of B, and shares are up 4.5% over the past four weeks.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.07 to $4.84 per share. TRU also boasts an average earnings surprise of +6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TRU should be on investors' short list.
Key Takeaways TransUnion shares gained 15.3% in three months as Q2 revenues rose 14.9% and adjusted earnings climbed 13.9%.TransUnion raised 2026 revenue guidance to $5.127-$5.162B and adjusted EPS guidance to $4.75-$4.83.TransUnion ended June with $5.59B in debt, while its adjusted EBITDA margin fell 90 basis points to 34.8%.
TransUnion (TRU - Free Report) shares have gained 15.3% over the past three months, drawing attention to whether the rebound can extend. Better earnings, rising revenues and faster international growth give investors several operating signals to assess.
Management also raised its 2026 outlook after a stronger first half. The counterweight is a debt-heavy balance sheet and a second-quarter margin decline, leaving the next leg of the rally dependent on continued execution.
TRU’s 15.3% Rally Follows Stronger Operating MomentumThe share advance has coincided with broader operating momentum. In the second quarter of 2026, U.S. Markets revenues rose 11% year over year, while International revenues increased 27%, helped by the Trans Union de Mexico acquisition.
Adjusted EBITDA increased 12% to $456.1 million, and International organic constant-currency revenue growth accelerated to 6% from flat growth in the first quarter. Those trends can help explain improved investor sentiment, but they do not establish that operating results directly caused the stock’s move.
TransUnion’s Q2 Beat Adds Support to the MoveTransUnion reported adjusted earnings of $1.23 per share for the second quarter, up 13.9% year over year and 7.9% above the Zacks Consensus Estimate. Revenues increased 14.9% to $1.31 billion and beat the consensus mark by 1.7%.
Organic constant-currency revenues grew 10%, showing that growth extended beyond acquisition contributions. Financial Services revenues rose 18% to $496.3 million, while Emerging Verticals revenues increased 9% to $353.9 million.
TRU’s Raised Outlook Tests the Rally’s Staying PowerTransUnion raised its 2026 revenue guidance to $5.127-$5.162 billion, implying reported growth of 12-13%. Organic constant-currency growth remains projected at 8-9%.
The company also increased adjusted earnings guidance to $4.75-$4.83 per share from $4.68-$4.75. Stronger first-half execution and better-than-expected contributions from Mexico supported the revision, giving investors a higher operating bar for the rest of the year.
Debt and Margin Pressure Could Limit TRU’s UpsideThe balance sheet remains a constraint. TransUnion ended June with $5.59 billion in total debt, and its debt-to-equity ratio stands at 1.07. Its adjusted EBITDA margin fell 90 basis points year over year to 34.8%, with management attributing the decline to FICO mortgage royalties.
Leverage improved to 2.6X, but management is still targeting a ratio below 2.5X. The competitive backdrop also remains demanding. Equifax Inc. (EFX - Free Report) operates as a global data, analytics and technology company, while Fair Isaac Corporation (FICO - Free Report) provides analytics and decision-management solutions used in areas including credit risk.
TRU’s Mixed Signals Keep Expectations in CheckThe 15.3% rally has credible operating support, but debt and margin pressure make a straight-line extension uncertain. Guidance now points to continued growth, yet execution in the second half will determine whether the operating momentum remains durable.
TRU currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
TransUnion has a Value Score of B, Growth Score of B and VGM Score of B. Those B scores indicate comparatively favorable value and growth characteristics within the Zacks Style Score framework.
Its Momentum Score of C is less supportive than its other Style Scores. Combined with a Zacks Rank #3, the setup favors a measured view of the recent advance rather than assuming the rally will automatically continue.
Key Takeaways TransUnion's Q2 revenues rose 14.9%, adjusted earnings gained 13.9% and organic revenues grew 10%.TransUnion trades at 15.0X forward earnings, below its sub-industry, sector and S&P 500 benchmarks.TransUnion's leverage fell to 2.6X, while OneTru and its Mexico expansion offer new growth avenues. TransUnion (TRU - Free Report) is showing faster revenue and earnings growth while trading below several valuation benchmarks. The combination strengthens the case for investors to revisit the stock, especially as organic growth remains healthy.
The trade-off is leverage. Debt remains sizable even as the company reduces its leverage ratio, so the investment case depends on whether improving operations and new growth avenues can outweigh balance-sheet and execution risks.
TRU’s Growth Profile Has StrengthenedSecond-quarter 2026 revenues increased 14.9% year over year to $1.31 billion. Adjusted earnings of $1.23 per share rose 13.9%, while organic constant-currency revenues grew 10%, indicating that the improvement extended beyond acquisition contributions.
U.S. Markets revenues advanced 11%. Financial Services revenues climbed 18% to $496.3 million, helped by credit and non-credit offerings, pricing actions and new client wins. Emerging Verticals revenues rose 9% to $353.9 million, adding breadth to the domestic growth profile.
TransUnion Trades at a Discount to Key BenchmarksTRU trades at 15.0X forward 12-month earnings, below 18.8X for the Zacks sub-industry, 18.1X for the Zacks sector and 20.7X for the S&P 500. The stock also sits well below its five-year median multiple of 21.2X.
Image Source: Zacks Investment Research
Image Source: Zacks Investment Research
Image Source: Zacks Investment Research
That discount creates a valuation argument, but it does not guarantee a rerating. Equifax Inc. (EFX - Free Report) , another global data, analytics and technology company, operates in overlapping information-services markets and reinforces the competitive context in which investors are judging TRU’s valuation.
TRU’s Debt Load Still Constrains Financial FlexibilityTransUnion ended June with $5.59 billion in total debt and carries a debt-to-equity ratio of 1.07. The debt load has supported acquisitions and expansion, but it also raises operating costs and can reduce flexibility to pursue additional opportunities.
The leverage ratio declined to 2.6X, supported by adjusted EBITDA growth, while management continues to target a level below 2.5X. FactSet Research Systems Inc. (FDS - Free Report) , a provider of integrated financial information and analytics, is another peer in the broader information-services group, highlighting the range of data-focused businesses competing for investor capital.
OneTru and Mexico Expand TransUnion’s Growth OptionsOneTru gives TransUnion another avenue to build growth internally. The platform unifies data and analytics assets used for credit risk, marketing and fraud mitigation, and it is designed to improve scalability while reducing customer costs. Its pipeline is approaching $50 million.
International expansion adds another lever. TransUnion acquired approximately 94% of Trans Union de Mexico in March 2026, and the business was already performing ahead of acquisition assumptions by the second quarter. Management plans to broaden its data coverage, introduce TruIQ analytics and eventually migrate the business to OneTru.
TRU’s Ratings Favor Patience Over AggressionThe bottom line is that TRU’s improving growth and discounted valuation make the stock more interesting, but the debt burden keeps the risk-reward balance from becoming clearly bullish. Continued organic growth and further deleveraging would strengthen the case, while weaker execution could leave the valuation discount intact.
TRU currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
TransUnion also has a Value Score of B, Growth Score of B and VGM Score of B, signaling relatively favorable characteristics in those areas within the Zacks Style Score framework.
The Momentum Score of C is less supportive. Since the Style Scores are designed to complement the Zacks Rank, the current combination fits a patient stance rather than an aggressive buying case.
TransUnion taps rising big data demand, stable lending, innovation and acquisitions for growth, while seasonality, debt and competition pose challenges.
CHICAGO, Aug. 06, 2026 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced that its Board of Directors declared a cash dividend of $0.125 per share for the second quarter 2026. The dividend will be payable on September 4, 2026, to shareholders of record on August 20, 2026.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
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 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 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 ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +23.94% 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.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
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.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
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: TransUnion (TRU - Free Report) Headquartered in Chicago, IL, TransUnion is one of the leading global providers of risk and information solutions to businesses and consumers. The company provides consumer reports, risk scores, analytical services and decision-making capabilities to businesses. What sets TransUnion apart are its distinctive and comprehensive datasets, next-generation technology and its analytics and decision-making capabilities — which enable it to deliver insights across the complete consumer lifecycle. TransUnion boasts rich domain proficiency across key industry verticals, including insurance, healthcare and financial services. It also caters to verticals like wireless, real estate and general commercial/business information. Possession of both nationwide consumer credit data and comprehensive, diverse public records data, enables the company to better predict behavior, assess risk and address a broader set of business issues for its customers.
TRU 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 16.87; value investors should take notice.
Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.07 to $4.84 per share. TRU boasts an average earnings surprise of +6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, TRU should be on investors' short list.
CHICAGO, Aug. 05, 2026 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced its research that found many organizations remain unprepared to scale AI effectively or clearly measure its business impact despite increasing investments in the capability.
TransUnion commissioned United Talent Agency’s (UTA) brand advisory division to survey 100 senior marketing and technology leaders at major U.S. brands. The findings reveal a confidence-readiness paradox. Marketers are increasingly confident AI will transform marketing, yet many lack the people, data and process foundations required to realize its full value, beyond efficiency improvements.
Defining the confidence-readiness paradox:
AI investment is accelerating: 89% of marketers expect investment in AI-enabled marketing initiatives to increase over the next 12 to 24 months.Confidence outpaces readiness: 64% are confident they will achieve their AI-enabled marketing goals. However, only 42% rate their organization’s people readiness as high, while just 36% rate their data and process readiness as high.Transparency is lacking: Fewer than half (48%) say they have enough visibility into platform-level AI to make optimization decisions with confidence.Marketers are mostly focused on efficiency: 65% of marketers measure AI success primarily through time and cost savings, but less than half use more advanced methodologies like marketing mix modeling, multi touch attribution and incrementality testing. "Marketers are increasingly confident in AI's ability to drive business results, but many are still working to build the foundations needed to scale it effectively," said Matt Spiegel, EVP, TruAudience Growth Strategy, TransUnion. "However, AI isn't a shortcut around data challenges. It's a force multiplier. Organizations that build strong foundations of trusted data, identity and measurement will be best positioned to close the gap between AI ambition and AI outcomes."
The Barriers to AI Readiness
The study found that data fragmentation remains one of the industry's biggest obstacles to AI readiness. The limitations inhibit marketers’ ability to evaluate AI’s effectiveness and achieve meaningful business outcomes.
Top concerns related to data fragmentation
42% reported incomplete or missing data69% said data blind spots within walled gardens limit their ability to evaluate AI effectiveness70% said cross-channel blind spots make it difficult to understand AI's impact across the customer journey As AI becomes more deeply embedded in marketing workflows, the findings suggest that transparency, independent measurement and connected data will become increasingly important competitive advantages.
"What this research makes clear is that AI success is no longer defined by access to the technology itself," said Michael Burke, principal at UTA Advisory. "The real differentiator is whether organizations can connect their data, measure outcomes and operationalize AI at scale."
Click here to read the full report exploring the AI confidence-readiness paradox and how marketers can leverage TransUnion’s robust data and connected identity to achieve meaningful ROI.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business
TransUnion (TRU - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for TransUnion is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For TransUnion, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for TransUnionFor the fiscal year ending December 2026, this credit reporting company is expected to earn $4.81 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for TransUnion. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.8%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of TransUnion to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
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.
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 The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +23.94% 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.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure 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.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: TransUnion (TRU - Free Report) Headquartered in Chicago, IL, TransUnion is one of the leading global providers of risk and information solutions to businesses and consumers. The company provides consumer reports, risk scores, analytical services and decision-making capabilities to businesses. What sets TransUnion apart are its distinctive and comprehensive datasets, next-generation technology and its analytics and decision-making capabilities — which enable it to deliver insights across the complete consumer lifecycle. TransUnion boasts rich domain proficiency across key industry verticals, including insurance, healthcare and financial services. It also caters to verticals like wireless, real estate and general commercial/business information. Possession of both nationwide consumer credit data and comprehensive, diverse public records data, enables the company to better predict behavior, assess risk and address a broader set of business issues for its customers.
TRU 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. TRU has a Growth Style Score of B, forecasting year-over-year earnings growth of 10.7% for the current fiscal year.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.02 to $4.76 per share. TRU also boasts an average earnings surprise of +6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, TRU should be on investors' short list.
On July 30, 2026, TransUnion (TRU) shares fell 4.1%, bringing the current price to $80.26. The stock has experienced a 52-week range of $63.37 to $99.39, reflec
Key Takeaways TransUnion topped Q2 estimates, with adjusted EPS up 13.9% and revenues rose 14.9% year over year.U.S. Markets grew 11% as Financial Services surged 18%, while International revenues climbed 27% y/y.TRU raised 2026 guidance on strong first-half execution and improved contributions from Mexico. TransUnion (TRU - Free Report) reported impressive second-quarter 2026 results, with both earnings and revenues beating the Zacks Consensus Estimate.
TRU’s adjusted earnings of $1.23 per share topped the Zacks Consensus Estimate by 7.9% and increased 13.9% from the year-ago quarter’s level. The performance extended the company’s strong start to 2026.
Revenues of $1.31 billion surpassed the consensus estimate by 1.7% and rose 14.9% year over year. Organic constant-currency revenues grew 10% from the year-ago quarter, led by U.S. Financial Services and Emerging Verticals.
The better-than-expected results impressed investors, as the stock has gained 8.4% since the company released results on July 28.
TRU’s shares have plunged 12% over the past year compared with the industry’s 11.4% decrease. The Zacks S&P 500 Composite has risen 19.6% over the same time frame.
TRU's U.S. Markets Growth BroadensU.S. Markets revenues increased 11% to $992.7 million. Financial Services revenues climbed 18% to $496.3 million, reflecting strength across credit and non-credit offerings, pricing actions and new client wins.
Excluding FICO mortgage royalties, Financial Services growth was 10%. Credit Card and Banking revenues increased 6%, while Consumer Lending and Auto each grew 8%. Mortgage revenues advanced 37%, or 15% excluding the royalty benefit, despite a 7% decline in inquiries.
Emerging Verticals revenues rose 9% to $353.9 million. Insurance delivered its eighth consecutive quarter of double-digit growth, while technology, retail and e-commerce produced high-single-digit growth.
Consumer Interactive revenues declined 3% to $142.5 million. Growth through indirect channels was offset by continued weakness in the direct-to-consumer business.
TransUnion's International Growth AcceleratesInternational revenues increased 27% to $320.8 million, including the contribution from Trans Union de Mexico. On an organic constant-currency basis, growth accelerated to 6% from flat performance in the first quarter.
Canada revenues rose 10% to $46.4 million, supported by financial services, fintech and insurance demand. The United Kingdom revenues increased 9% to $73.5 million, benefiting from market-share gains and new business across banking and fintech.
India revenues returned to growth, rising 8% on a constant-currency basis, as credit volumes improved and new client wins strengthened. Latin America grew 5% organically, while Africa advanced 5%. Asia Pacific declined 7%, although management expects the region to return to growth in the second half.
Trans Union de Mexico continued to perform ahead of the company’s acquisition assumptions. Management plans to expand its data coverage, introduce TruIQ analytics and eventually migrate the business to the OneTru platform.
TRU's Margin Picture Reflects Royalty DragAdjusted EBITDA increased 12% to $456.1 million. The adjusted EBITDA margin contracted 90 basis points to 34.8%, with management attributing the decline entirely to FICO mortgage royalties.
U.S. Markets adjusted EBITDA rose 7% to $361 million, while its margin declined to 36.4% from 37.9%. International adjusted EBITDA increased 27% to $136.8 million, while its margin held steady at 42.7%.
GAAP net income attributable to TransUnion increased to $143.4 million from $109.6 million. Diluted GAAP earnings were 74 cents per share, up from 56 cents in the prior-year quarter.
TransUnion's Cash Flow Supports BuybacksTransUnion ended June with $839.1 million in cash and cash equivalents and $5.59 billion in total debt. Its leverage ratio declined to 2.6X, supported by adjusted EBITDA growth.
Cash provided by operating activities totaled $459.1 million in the first six months of 2026, up from $343.8 million a year earlier. Capital expenditures decreased to $134.4 million from $145.4 million.
The company repurchased roughly $150 million of shares through July, including 2.1 million shares at an average price of about $71. Management expects second-half repurchases to be at least comparable to the first-half pace while continuing to target leverage below 2.5X.
TRU’s Q3 & 2026 OutlookFor the third quarter, TransUnion expects revenues to be between $1.292 billion and $1.310 billion, representing reported growth of 11-12%. The Zacks Consensus Estimate for the same is pegged at $1.31 billion. Organic constant-currency growth is projected at 6-8%.
TRU guided its third-quarter 2026 adjusted earnings to be between $1.18 and $1.21 per share, with the midpoint of $1.195 per share being lower than the Zacks Consensus Estimate of $1.23 per share. Adjusted EBITDA is anticipated to be between $455 million and $463 million, with a margin of 35.2-35.4%.
For 2026, the company raised its revenue outlook to $5.127-$5.162 billion, implying growth of 12-13%. The midpoint of the guided range ($5.145 billion) is marginally higher than the Zacks Consensus Estimate of $5.14 billion. Organic constant-currency growth remains projected at 8-9%.
Adjusted EBITDA is expected between $1.807 billion and $1.827 billion. Adjusted earnings guidance increased to $4.75-$4.83 per share from the earlier range of $4.68-$4.75, reflecting stronger first-half execution and improved contributions from Mexico. The Zacks Consensus Estimate for the same is pegged at $4.75 per share.
TransUnion currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Earnings SnapshotsWEX Inc. (WEX - Free Report) reported better-than-expected second-quarter 2026 results. WEX’s adjusted earnings of $5.35 per share outpaced the Zacks Consensus Estimate by 5.3% and increased 35.4% from the year-ago quarter. WEX’s revenues of $753.5 million topped the consensus estimate by 1.8% and improved 14.2% year over year.
Waste Connections, Inc. (WCN - Free Report) posted impressive second-quarter 2026 results. WCN’s adjusted earnings of $1.50 per share outpaced the consensus mark by 11.1% and rose 16.3% from the year-ago quarter. WCN’s total revenues of $2.56 billion surpassed the consensus mark by 1.1% and increased 6.4% year over year.
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Stock to Watch: TransUnion (TRU - Free Report) Headquartered in Chicago, IL, TransUnion is one of the leading global providers of risk and information solutions to businesses and consumers. The company provides consumer reports, risk scores, analytical services and decision-making capabilities to businesses. What sets TransUnion apart are its distinctive and comprehensive datasets, next-generation technology and its analytics and decision-making capabilities — which enable it to deliver insights across the complete consumer lifecycle. TransUnion boasts rich domain proficiency across key industry verticals, including insurance, healthcare and financial services. It also caters to verticals like wireless, real estate and general commercial/business information. Possession of both nationwide consumer credit data and comprehensive, diverse public records data, enables the company to better predict behavior, assess risk and address a broader set of business issues for its customers.
TRU is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Business Services stock. TRU has a Momentum Style Score of B, and shares are up 12.4% over the past four weeks.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.02 to $4.76 per share. TRU boasts an average earnings surprise of +6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TRU should be on investors' short list.
2 Must-Have Specialized ETFs for the Long-Term InvestorTransUnion NYSE: TRU reported second-quarter results above its guidance and raised its outlook for full-year 2026, citing continued strength in U.S. financial services, growth in emerging verticals and improving international trends.
Organic constant-currency revenue increased 10% in the second quarter, exceeding the company’s prior 8% to 9% forecast and marking its 10th consecutive quarter of at least high-single-digit organic growth. Excluding FICO mortgage royalties, organic revenue grew 7%.
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Adjusted diluted earnings per share rose 13% year over year to $1.23, or $0.08 above the high end of TransUnion’s guidance. Reported revenue increased 15%, while adjusted EBITDA rose 12%. The company said revenue exceeded its guidance by $27 million and adjusted EBITDA surpassed guidance by $11 million.
U.S. Financial Services and Emerging Verticals Lead Growth U.S. markets revenue grew 11% on an organic constant-currency basis. Financial services revenue rose 18%, or 10% excluding FICO mortgage royalties, as the company cited sales momentum in credit and non-credit offerings, modest volume growth and pricing actions.
Within non-mortgage financial services, revenue increased 8%. Credit card and banking revenue grew 6%, consumer lending grew 8%, and auto revenue increased 8%. Chief Financial Officer Todd Cello said auto growth outpaced declining industry volumes, supported by pricing and new customer wins.
Mortgage revenue rose 37%, or 15% excluding FICO royalties, despite a 7% decline in inquiries. TransUnion attributed the outperformance to pricing actions and revenue sources beyond traditional tri-bureau reports. The company also added FactorTrust alternative credit attributes to its mortgage credit file at no additional cost to customers.
The company said VantageScore adoption in mortgage has expanded. At the beginning of the year, fewer than 5% of TransUnion mortgage credit inquiries included VantageScore; that figure had risen to nearly 30% across more than 900 lenders by the second quarter. Management said its 2026 outlook does not include a benefit from VantageScore adoption.
Emerging verticals revenue accelerated 9%, led by an eighth consecutive quarter of double-digit growth in insurance. Technology, retail and e-commerce revenue grew at a high-single-digit rate, while public sector and media grew in the mid-single digits. Tenant and employment returned to growth, while telecommunications declined modestly. Consumer interactive revenue fell 3%, as indirect-channel growth was offset by declines in the direct channel.
International Revenue Reaccelerates International organic constant-currency revenue grew 6%, improving from flat growth in the first quarter. Canada grew 10%, India rose 8%, and the United Kingdom increased 9%, according to the company.
Chief Executive Officer Chris Cartwright said India benefited from improving credit volumes, new business wins and government-backed support for commercial lending. Management expects similar growth in India during the third quarter and faster growth in the fourth quarter as comparisons become easier.
Latin America grew 5%, supported by double-digit growth in Brazil and improving performance in Colombia and other markets. Africa also increased 5%. Asia-Pacific revenue declined 7%, though the rate of decline improved as TransUnion lapped prior-year one-time contracts. The company expects Asia-Pacific to return to growth in the second half.
TransUnion said its recently acquired Mexican credit bureau is performing ahead of its acquisition case on revenue and adjusted EBITDA. The company plans to deploy TruIQ analytics, TruValidate fraud tools and credit education products in Mexico over the next year, while eventually migrating the operation to its OneTru platform.
OneTru Migration and AI Investment Cartwright said TransUnion has migrated more than 4,000 U.S. credit customers to its OneTru platform. Roughly 60% of U.S. batch activity and 30% of online customers now operate on OneTru, and the company expects to complete U.S. customer migrations by the end of 2026.
The company has also deployed OneTru instances in Canada, the United Kingdom and India to support its TruIQ analytics platform. It launched TruValidate in the United Kingdom and Trusted Call Solutions in Canada and India.
TransUnion launched 40 products and AI-powered enhancements in the first half. It said internal AI tools have produced average productivity gains of more than 25% among software engineers and data scientists, along with early gains of more than 20% in consumer support operations.
Cartwright said the company expects AI adoption among lenders to increase consumption of proprietary data and demand for analytics and decisioning capabilities. He also said TransUnion’s TruIQ platform and agentic AI tools could expand its addressable market by automating modeling and prediction work for customers.
Higher Full-Year Outlook and Capital Returns For 2026, TransUnion raised its outlook for organic constant-currency revenue growth to 8% to 9%, adjusted EBITDA growth to 10% to 11%, and adjusted diluted EPS growth to 11% to 12%. The EPS growth forecast was increased from a prior range of 9% to 11%.
Full-year revenue is projected at $5.127 billion to $5.162 billion, representing growth of 12% to 13%. Full-year adjusted EBITDA is expected to be $1.807 billion to $1.827 billion. Adjusted diluted EPS is forecast at $4.75 to $4.83. Third-quarter revenue is projected at $1.292 billion to $1.310 billion, with adjusted diluted EPS of $1.18 to $1.21. Management maintained its full-year mortgage revenue growth expectation of 28%, or 6% excluding FICO royalties, while assuming mid- to high-single-digit inquiry declines for the year and low-double-digit declines in the second half. Cello said the company has taken a conservative view of mortgage trends as rates have risen, while expecting non-mortgage organic growth to remain at or above the 6% rate reported in the second quarter.
TransUnion ended the quarter with $5.6 billion in debt and $839 million in cash, lowering its leverage ratio to 2.6 times. Through July, the company repurchased 2.1 million shares at an average price of about $71 per share, totaling roughly $150 million. Management said it expects second-half repurchases to be at least comparable with the first-half pace and continues to target leverage below 2.5 times over the long term.
About TransUnion (NYSE:TRU)TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.
The company's offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.
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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TransUnion (TRU) Q2 2026 Earnings Call July 28, 2026 9:30 AM EDT
Company Participants
Gregory Bardi - Vice President of Investor Relations
Christopher Cartwright - President, CEO & Director
Todd Cello - Executive VP & CFO
Conference Call Participants
Jeffrey Meuler - Robert W. Baird & Co. Incorporated, Research Division
Toni Kaplan - Morgan Stanley, Research Division
Andrew Steinerman - JPMorgan Chase & Co, Research Division
Andrew Nicholas - William Blair & Company L.L.C., Research Division
Faiza Alwy - Deutsche Bank AG, Research Division
Ashish Sabadra - RBC Capital Markets, Research Division
Rayna Kumar - Oppenheimer & Co. Inc., Research Division
Manav Patnaik - Barclays Bank PLC, Research Division
Curtis Nagle - BofA Securities, Research Division
Kelsey Zhu - Autonomous Research US LP
Presentation
Operator
Good morning, and welcome to the TransUnion 2026 Second Quarter Earnings Conference Call. [Operator Instructions] Please note that this event is being recorded. I would now like to turn the conference over to Greg Bardi, Senior Vice President, Investor Relations. Please go ahead, sir.
Gregory Bardi
Vice President of Investor Relations
Good morning, and thank you for attending today. Joining me on the call are Chris Cartwright, President and Chief Executive Officer; and Todd Cello, Executive Vice President and Chief Financial Officer. We posted our earnings release and slides to accompany this call on the TransUnion Investor Relations website this morning, and they can also be found in the current report on Form 8-K that we filed this morning.
Our earnings release and the accompanying slides include various schedules, which contain more detailed information about revenue, operating expenses and other items, as well as certain non-GAAP disclosures and financial measures along with the corresponding reconciliation of these non-GAAP financial measures to their most directly comparable GAAP measures.
Today's call will be recorded and a replay will be available on our website. We will also be
TransUnion delivered strong Q2 results, with 15% y/y revenue growth and robust international expansion, especially in Latin America. TRU raised full-year 2026 guidance to 12%-13% revenue growth, supported by accelerated product launches and deeper AI integration. Management targets $500M incremental innovation revenue over three years and plans increased capital returns via buybacks and dividends.
TransUnion (TRU - Free Report) reported $1.31 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 14.9%. EPS of $1.23 for the same period compares to $1.08 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.29 billion, representing a surprise of +1.73%. The company delivered an EPS surprise of +7.9%, with the consensus EPS estimate being $1.14.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how TransUnion performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- U.S. Markets: $992.7 million compared to the $979.05 million average estimate based on five analysts. The reported number represents a change of +11.5% year over year.Revenue- U.S. Markets Gross Revenue- Consumer Interactive: $142.5 million versus $144.36 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -3% change.Revenue- International: $320.8 million versus $299.68 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +26.9% change.Revenue- International Gross Revenue- Asia Pacific: $22.1 million versus $23.85 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -9.8% change.Revenue- International Gross Revenue- India: $65.1 million compared to the $64.53 million average estimate based on five analysts. The reported number represents a change of -2.3% year over year.Revenue- International Gross Revenue- Africa: $21 million versus the five-analyst average estimate of $21.01 million. The reported number represents a year-over-year change of +15.4%.Revenue- U.S. Markets Gross Revenue- Financial Services: $496.3 million versus the five-analyst average estimate of $490.29 million. The reported number represents a year-over-year change of +18.2%.Revenue- U.S. Markets Gross Revenue- Emerging Verticals: $353.9 million compared to the $345.23 million average estimate based on five analysts. The reported number represents a change of +9.4% year over year.Revenue- International Gross Revenue- Canada: $46.4 million versus $46 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +9.7% change.Revenue- International Gross Revenue- Latin America: $92.7 million versus $62.97 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +171.9% change.Revenue- International Gross Revenue- UK: $73.5 million versus the five-analyst average estimate of $73.21 million. The reported number represents a year-over-year change of +9.4%.Revenue- Total gross revenue: $1.31 billion versus $1.28 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.9% change.View all Key Company Metrics for TransUnion here>>>
Shares of TransUnion have returned +7.6% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
TransUnion (TRU - Free Report) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +7.90%. A quarter ago, it was expected that this credit reporting company would post earnings of $1.11 per share when it actually produced earnings of $1.18, delivering a surprise of +6.31%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
TransUnion, which belongs to the Zacks Business - Information Services industry, posted revenues of $1.31 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.73%. This compares to year-ago revenues of $1.14 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.
TransUnion shares have lost about 9.9% since the beginning of the year versus the S&P 500's gain of 8.3%.
What's Next for TransUnion?While TransUnion 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 TransUnion 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 $1.23 on $1.31 billion in revenues for the coming quarter and $4.75 on $5.14 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, Business - Information Services is currently in the top 21% 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, Onterris (ONT - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This company is expected to post quarterly earnings of $0.39 per share in its upcoming report, which represents a year-over-year change of -38.1%. The consensus EPS estimate for the quarter has been revised 2.2% lower over the last 30 days to the current level.
Onterris' revenues are expected to be $198.78 million, down 15.3% from the year-ago quarter.
Exceeded revenue, Adjusted EBITDA and Adjusted Diluted Earnings Per Share guidanceDelivered 15 percent revenue growth, or 10 percent organic constant currency, led by U.S. Financial Services and Emerging VerticalsIncreased share repurchases in the second quarter and July, bringing the year-to-date total to approximately $150 millionRaising full-year 2026 financial guidance; we now expect to deliver 12% to 13% percent revenue growth (8% to 9% organic constant currency) CHICAGO, July 28, 2026 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) (the “Company”) today announced financial results for the quarter ended June 30, 2026.
Second Quarter 2026 Results
Revenue:
Total revenue for the quarter was $1,310 million, an increase of 15 percent (15 percent on a constant currency basis and 10 percent on an organic constant currency basis), compared with the second quarter of 2025.
Earnings:
Net income attributable to TransUnion was $143 million for the quarter, compared with $110 million for the second quarter of 2025. Diluted earnings per share was $0.74, compared with $0.56 in the second quarter of 2025. Net income attributable to TransUnion margin was 10.9 percent, compared with 9.6 percent in the second quarter of 2025.Adjusted Net Income was $238 million for the quarter, compared with $213 million for the second quarter of 2025. Adjusted Diluted Earnings per Share was $1.23, compared with $1.08 in the second quarter of 2025.Adjusted EBITDA was $456 million for the quarter, compared with $407 million for the second quarter of 2025, an increase of 12 percent (12 percent on a constant currency basis and 7 percent on an organic constant currency basis). Adjusted EBITDA margin was 34.8 percent, compared with 35.7 percent in the second quarter of 2025.
“TransUnion delivered another strong quarter of outperformance,” said Chris Cartwright, President and CEO. “U.S. Markets revenue grew by 11 percent, led by U.S. Financial Services and Emerging Verticals. International organic constant currency growth improved to 6 percent, with high-single digit growth in India and the U.K. and 10 percent growth in Canada.”
“We are raising our 2026 guidance, reflecting strong momentum in the first half of the year balanced against continued market uncertainty. We expect to deliver a third consecutive year of at least high-single digit organic constant currency revenue growth and double-digit Adjusted Diluted EPS growth.”
“We continue to execute against our 2026 enterprise priorities to drive innovation-led, scalable growth. We delivered key milestones in the first half of the year, including substantial migrations of our U.S. credit customers to OneTru and an accelerated pace of new product introductions globally. We believe this progress positions us for strong financial performance, free cash generation and shareholder returns in the second half of the year.”
Second Quarter 2026 Segment Results
Segment revenue, Adjusted EBITDA and the related growth rates in the table below include the results of Trans Union de México, S.A. S.I.C. (“Trans Union de Mexico”). The results of this business are reported in the International Segment within Latin America.
(in millions)Second
Quarter 2026
Reported
Growth Rate Constant Currency Growth Rate Organic Constant Currency Growth Rate U.S. Markets: Financial Services$496 18% 18% 18%Emerging Verticals 354 9% 9% 9% Consumer Interactive 142 (3)% (3)% (3)% Total U.S. Markets Revenue$993 11% 11% 11% U.S. Markets Adjusted EBITDA$361 7% 7% 7% International: Canada$46 10% 10% 10% Latin America 93 172% 162% 5% United Kingdom 73 9% 9% 9% Africa 21 16% 5% 5% India 65 (2)% 8% 8% Asia Pacific 22 (10)% (7)% (7)% Total International Revenue$321 27% 28% 6% International Adjusted EBITDA$137 27% 28% 7% Liquidity and Capital Resources
Cash and cash equivalents was $839 million at June 30, 2026 and $854 million at December 31, 2025.
For the six months ended June 30, 2026, cash provided by operating activities was $459 million, compared with $344 million in 2025. The increase in cash provided by operating activities was due primarily to improved operating performance and changes in working capital. For the six months ended June 30, 2026, cash used in investing activities was $681 million, compared with $224 million in 2025. The increase in cash used in investing activities was due primarily to our acquisitions of Trans Union de Mexico and the mobile division of RealNetworks LLC (“RealNetworks”), partially offset by proceeds from the sale of two Cost Method Investments and a prior year investment in a note receivable. For the six months ended June 30, 2026, capital expenditures were $134 million, compared with $145 million in 2025. Capital expenditures as a percentage of revenue represented 5% and 7%, respectively, for the six months ended June 30, 2026 and 2025. For the six months ended June 30, 2026, cash provided by financing activities was $220 million, compared with cash used in financing activities of $127 million in 2025. The increase in cash provided by financing activities was due primarily to borrowings from the Senior Secured Revolving Credit Facility for the purchase of Trans Union de Mexico, partially offset by higher share repurchase volume in 2026 and dividends paid to shareholders of Trans Union de Mexico.
Third Quarter and Full Year 2026 Outlook
Our guidance is based on a number of assumptions that are subject to change, many of which are outside of the control of the Company, including general macroeconomic conditions, interest rates and inflation. There are numerous evolving factors that we may not be able to accurately predict. There can be no assurance that the Company will achieve the results expressed by this guidance.
Three Months Ended
September 30, 2026 Twelve Months Ended
December 31, 2026(in millions, except per share data)Low High Low HighRevenue, as reported$1,292 $1,310 $5,127 $5,162 Revenue growth1: As reported 11% 12% 12% 13%Constant currency1, 2 11% 12% 12% 13%Organic constant currency1, 3 6% 8% 8% 9% Net income attributable to TransUnion$132 $138 $807 $821 Net income attributable to TransUnion growth 37% 43% 77% 80%Net income attributable to TransUnion margin 10.2% 10.5% 15.7% 15.9% Diluted Earnings per Share$0.68 $0.71 $4.15 $4.22 Diluted Earnings per Share growth 38% 45% 79% 82% Adjusted EBITDA, as reported5$455 $463 $1,807 $1,827 Adjusted EBITDA growth, as reported4 7% 9% 10% 11%Adjusted EBITDA margin 35.2% 35.4% 35.2% 35.4% Adjusted Diluted Earnings per Share5$1.18 $1.21 $4.75 $4.83 Adjusted Diluted Earnings per Share growth 7% 10% 11% 12% Additional revenue growth assumptions: The impact of changing foreign currency exchange rates is expected to be immaterial for Q3 2026 and for FY 2026.The impact of the recent acquisitions is expected to be approximately 4.5 points of benefit for Q3 2026 and approximately 4 points of benefit for FY 2026.The impact of FICO mortgage royalty is expected to be approximately 2 points of benefit for Q3 2026 and approximately 3 points of benefit for FY 2026. Constant currency growth rates assume foreign currency exchange rates are consistent between years. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates.Organic constant currency growth rates are constant currency growth excluding inorganic growth. Inorganic growth represents growth attributable to the first twelve months of activity for recent business acquisitions, including Trans Union de Mexico, the mobile division of RealNetworks and Monevo.Additional Adjusted EBITDA assumptions: The impact of changing foreign currency exchange rates is expected to be immaterial for Q3 2026 and for FY 2026. For a reconciliation of the above non-GAAP financial measures to the most directly comparable GAAP financial measures, refer to Schedule 7 of this Earnings Release.
Earnings Webcast Details
In conjunction with this release, TransUnion will host a conference call and webcast today at 8:30 a.m. Central Time to discuss the business results for the quarter and certain forward-looking information. This session and the accompanying presentation materials may be accessed at www.transunion.com/tru. A replay of the call will also be available at this website following the conclusion of the call.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
http://www.transunion.com/business
Availability of Information on TransUnion’s Website
Investors and others should note that TransUnion routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the TransUnion Investor Relations website. While not all of the information that the Company posts to the TransUnion Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in TransUnion to review the information that it shares on www.transunion.com/tru.
Forward-Looking Statements
This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of TransUnion’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Any statements made in this earnings release that are not statements of historical fact, including statements about our beliefs, expectations and outlook are forward-looking statements. Forward-looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. These statements often include words such as “anticipate,” “expect,” “guidance,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast,” “outlook,” “potential,” “continues,” “seeks,” “predicts,” or the negatives of these words and other similar expressions.
Factors that could cause actual results to differ materially from those described in the forward-looking statements, or that could materially affect our financial results or such forward-looking statements include:
macroeconomic effects and changes in market conditions, including the impact of tariffs, inflation, risk of recession, trade policy, and industry trends and adverse developments in the debt, consumer credit and financial services markets, including the impact on the carrying value of our assets in all of the markets where we operate;ongoing conflict in the Middle East;our ability to provide competitive services and prices;our ability to retain or renew existing agreements with large or long-term customers;our ability to maintain the security and integrity of our data;our ability to deliver services timely without interruption;uncertainty related to Fair Isaac Corporation’s (“FICO”) new Mortgage Direct License Program;our ability to maintain our access to data sources;government regulation and changes in the regulatory environment;litigation or regulatory proceedings;our approach to the use of artificial intelligence;our ability to effectively manage our costs;our ability to maintain effective internal control over financial reporting or disclosure controls and procedures;economic and political stability in the United States and risks associated with the international markets where we operate;our ability to effectively develop and maintain strategic alliances and joint ventures;our ability to timely develop new services and the market’s willingness to adopt our new services;our ability to manage and expand our operations and keep up with rapidly changing technologies;our ability to acquire businesses, successfully secure financing for our acquisitions, timely consummate our acquisitions, successfully integrate the operations of our acquisitions, control the costs of integrating our acquisitions and realize the intended benefits of such acquisitions;our ability to protect and enforce our intellectual property, trade secrets and other forms of unpatented intellectual property;our ability to defend our intellectual property from infringement claims by third parties;the ability of our outside service providers and key vendors to fulfill their obligations to us;further consolidation in our end-customer markets;the increased availability of free or inexpensive consumer information;losses against which we do not insure;our ability to make timely payments of principal and interest on our indebtedness;our ability to satisfy covenants in the agreements governing our indebtedness;our ability to maintain our liquidity;stock price volatility;share repurchase plans;dividend rate;our reliance on key management personnel; andchanges in tax laws or adverse outcomes resulting from examination of our tax returns. There may be other factors, many of which are beyond our control, that may cause our actual results to differ materially from the forward-looking statements, including factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K filed with the Securities and Exchange Commission. You should evaluate all forward-looking statements made in this report in the context of these risks and uncertainties.
The forward-looking statements contained in this earnings release speak only as of the date of this earnings release. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this earnings release.
TRANSUNION AND SUBSIDIARIES
Consolidated Balance Sheets (Unaudited)
(in millions, except per share data) June 30,
2026 December 31,
2025Assets Current assets: Cash and cash equivalents $839.1 $853.6 Trade accounts receivable, net of allowance of $26.6 and $27.7 1,047.5 905.0 Other current assets 291.4 257.7 Total current assets 2,178.0 2,016.3 Property, plant and equipment, net of accumulated depreciation and amortization of $546.4 and $545.0 270.9 258.4 Goodwill 5,811.8 5,259.5 Other intangibles, net of accumulated amortization of $2,898.8 and $2,716.3 3,520.4 3,098.5 Other assets 408.8 480.2 Total assets $12,189.9 $11,112.9 Liabilities and stockholders’ equity Current liabilities: Trade accounts payable $404.9 $349.9 Current portion of long-term debt 213.1 196.9 Other current liabilities 528.1 607.6 Total current liabilities 1,146.1 1,154.4 Long-term debt 5,372.2 4,906.9 Deferred taxes 539.2 389.8 Other liabilities 133.8 116.5 Total liabilities 7,191.3 6,567.6 Stockholders’ equity: Preferred stock, $0.01 par value; 100.0 million shares authorized; none issued or outstanding as of June 30, 2026 and December 31, 2025, respectively — — Common stock, $0.01 par value; 1.0 billion shares authorized at June 30, 2026 and December 31, 2025, 199.0 million and 199.4 million shares issued at June 30, 2026 and December 31, 2025, respectively, and 191.6 million and 192.4 million shares outstanding as of June 30, 2026 and December 31, 2025, respectively 1.9 2.0 Additional paid-in capital 2,390.9 2,424.0 Treasury stock at cost; 7.4 million and 7.0 million shares at June 30, 2026 and December 31, 2025, respectively (402.5) (370.3)Retained earnings 3,214.9 2,723.7 Accumulated other comprehensive loss (362.3) (340.2)Total TransUnion stockholders’ equity 4,842.9 4,439.2 Noncontrolling interests 155.7 106.1 Total stockholders’ equity 4,998.6 4,545.3 Total liabilities and stockholders’ equity $12,189.9 $11,112.9 TRANSUNION AND SUBSIDIARIES
Consolidated Statements of Operations (Unaudited)
(in millions, except per share data) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025Revenue$1,309.6 $1,139.7 $2,555.3 $2,235.5 Operating expenses Cost of services (exclusive of depreciation and amortization below) 544.6 469.9 1,064.1 915.5 Selling, general and administrative 346.5 335.0 675.5 591.8 Depreciation and amortization 160.5 142.7 312.9 281.6 Total operating expenses 1,051.6 947.5 2,052.5 1,788.9 Operating income 258.0 192.2 502.8 446.6 Non-operating income and (expense) Interest expense (65.9) (55.7) (127.9) (111.8)Interest income 7.0 8.8 14.2 17.3 Earnings from equity method investments 0.9 5.0 7.4 9.3 Gain on acquisition of affiliate — — 225.5 — Other income and (expense), net 1.5 6.6 7.7 (10.8)Total non-operating income and (expense) (56.5) (35.4) 126.8 (96.0)Income before income taxes 201.5 156.8 629.6 350.5 Provision for income taxes (54.8) (44.4) (82.4) (85.4)Net income 146.7 112.4 547.2 265.1 Less: net income attributable to noncontrolling interests (3.4) (2.8) (6.7) (7.4)Net income attributable to TransUnion$143.4 $109.6 $540.5 $257.7 Basic earnings per common share from: Net income attributable to TransUnion$0.75 $0.56 $2.81 $1.32 Diluted earnings per common share from: Net income attributable to TransUnion$0.74 $0.56 $2.78 $1.31 Weighted-average shares outstanding: Basic 192.3 195.0 192.5 195.0 Diluted 193.7 197.2 194.3 197.2 As a result of displaying amounts in millions, rounding differences may exist in the table above.
TRANSUNION AND SUBSIDIARIES
Consolidated Statements of Cash Flows (Unaudited)
(in millions) Six Months Ended June 30, 2026 2025Cash flows from operating activities: Net income$547.2 $265.1 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 312.9 281.6 Deferred taxes (21.3) (54.1)Stock-based compensation 76.6 70.5 Gain on acquisition of affiliate (225.5) — Other (10.5) 29.1 Changes in assets and liabilities: Trade accounts receivable (144.4) (98.4)Other current and long-term assets (20.2) 8.0 Trade accounts payable 44.0 37.1 Other current and long-term liabilities (99.7) (195.1)Cash provided by operating activities 459.1 343.8 Cash flows from investing activities: Capital expenditures (134.4) (145.4)Proceeds from sale/maturity of other investments — 0.2 Investments in consolidated affiliates, net of cash acquired (603.6) (55.7)Investments in nonconsolidated affiliates and notes receivable (1.0) (25.0)Proceeds from the sale of investments in nonconsolidated affiliates 47.3 — Other 10.8 2.2 Cash used in investing activities (680.9) (223.7)Cash flows from financing activities: Proceeds from revolving credit facility 520.0 — Repayments of debt (40.8) (43.2)Debt financing fees (0.7) — Dividends to shareholders (49.5) (45.1)Proceeds from issuance of common stock and exercise of stock options 9.8 10.5 Employee taxes paid on restricted stock units recorded as treasury stock (32.3) (7.4)Repurchases of common stock (115.8) (38.8)Acquisitions of noncontrolling interests (8.6) — Distributions to noncontrolling interests (6.4) (3.3)Dividends paid to shareholders of acquired affiliate (56.1) — Cash provided by (used in) financing activities 219.6 (127.3)Effect of exchange rate changes on cash and cash equivalents (12.3) 15.2 Net change in cash and cash equivalents (14.5) 8.0 Cash and cash equivalents, beginning of period 853.6 679.5 Cash and cash equivalents, end of period$839.1 $687.5 As a result of displaying amounts in millions, rounding differences may exist in the table above.
TRANSUNION AND SUBSIDIARIES
Non-GAAP Financial Measures
We present Consolidated Adjusted EBITDA, Consolidated Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted Earnings per Share, Adjusted Provision for Income Taxes, Adjusted Effective Tax Rate and Leverage Ratio for all periods presented. These are important financial measures for the Company but are not financial measures as defined by GAAP. These financial measures should be reviewed in conjunction with the relevant GAAP financial measures and are not presented as alternative measures of GAAP. Other companies in our industry may define or calculate these measures differently than we do, limiting their usefulness as comparative measures. Because of these limitations, these non-GAAP financial measures should not be considered in isolation or as substitutes for performance measures calculated in accordance with GAAP, including operating income, operating margin, effective tax rate, net income attributable to the Company, diluted earnings per share or cash provided by operating activities. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are presented in the tables below.
We present Consolidated Adjusted EBITDA, Consolidated Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted Earnings per Share, Adjusted Provision for Income Taxes and Adjusted Effective Tax Rate as supplemental measures of our operating performance because these measures eliminate the impact of certain items that we do not consider indicative of our cash operations and ongoing operating performance. These are measures frequently used by securities analysts, investors and other interested parties in their evaluation of the operating performance of companies similar to ours.
Our board of directors and executive management team use Adjusted EBITDA as an incentive compensation measure for most eligible employees and Adjusted Diluted Earnings per Share as an incentive compensation measure for certain of our senior executives.
Under the credit agreement governing our Senior Secured Credit Facility, our ability to engage in activities such as incurring additional indebtedness, making investments and paying dividends is tied to our Leverage Ratio which is partially based on Adjusted EBITDA. Investors also use our Leverage Ratio to assess our ability to service our debt and make other capital allocation decisions.
Consolidated Adjusted EBITDA
Management has excluded the following items from net income attributable to TransUnion in order to calculate Adjusted EBITDA for the periods presented:
Net interest expense is the sum of interest expense and interest income as reported on our Consolidated Statements of Operations.Provision for income taxes, as reported on our Consolidated Statements of Operations.Depreciation and amortization, as reported on our Consolidated Statements of Operations.Stock-based compensation is used as an incentive to engage and retain our employees. It is predominantly a non-cash expense. We exclude stock-based compensation because it may not correlate to the underlying performance of our business operations during the period since it is measured at the grant date fair value and it is subject to variability as a result of performance conditions and timing of grants. These expenses are reported within cost of services and selling, general and administrative on our Consolidated Statements of Operations.Mergers and acquisitions, divestitures and business optimization expenses are non-recurring expenses associated with specific transactions (exploratory or executed) and consist of (i) transaction and integration costs, (ii) fair value and impairment adjustments related to investments and related call and put options, notes receivable, gains or losses on a step acquisition and mark-to-market adjustments on acquisition-related foreign currency forward contracts, (iii) post-acquisition adjustments to contingent consideration or to assets and liabilities that occurred after the acquisition measurement period. We exclude these expenses as we believe they are not directly correlated to the underlying performance of our business operations and vary depending upon the timing of such transactions. These expenses are reported in costs of services, selling, general and administrative and other income and (expenses), net, on our Consolidated Statements of Operations.Accelerated technology investment includes Project Rise and the final phase of our technology investment announced in November 2023. Project Rise was announced in February 2020 and was originally expected to be completed in 2022. Following our acquisition of Neustar in December 2021, we recognized the opportunity to take advantage of Neustar’s capabilities to enhance and complement our cloud-based technology already under development as part of Project Rise. As a result, we extended Project Rise’s timeline to 2024. In November 2023, we announced our plans to further leverage Neustar’s technology to standardize and streamline our product delivery platforms and to build a single global platform for fulfillment of our product lines. This represented the final phase of the technology investment in our global technology infrastructure and core customer applications. The accelerated technology investment fundamentally transformed our technology infrastructure by implementing a global cloud-based approach to streamline product development, increase the efficiency of ongoing operations and maintenance and enable a continuous improvement approach to avoid the need for another major technology overhaul in the foreseeable future. The unique effort to build a secure, reliable and performant hybrid cloud infrastructure required us to dedicate separate resources in order to develop the new cloud-based infrastructure in parallel with our current on-premise environment by maintaining our existing technology team to ensure no disruptions to our customers. The costs associated with the accelerated technology investment are incremental and redundant costs that will not recur now that the program has been completed and are not representative of our underlying operating performance. Therefore, we believe that excluding these costs through the end of the program in 2025 from our non-GAAP measures provides a better reflection of our ongoing cost structure. These costs are primarily reported in cost of services and therefore do not include amounts that are capitalized as internally developed software.Operating model optimization program represents employee separation costs, facility lease exit costs and other business process optimization expenses incurred in connection with our transformation plan. We excluded these expenses through the end of the program in 2025 as we believe they are not directly correlated to the underlying performance of our business. Further, these costs will vary and may not be comparable during the transformation initiative as we progress toward an optimized operating model. These costs are reported primarily in restructuring and selling, general and administrative on our Consolidated Statements of Operations.Net other adjustments principally relate to: (i) deferred loan fee expense from debt prepayments and refinancing, (ii) other debt financing expenses consisting primarily of revolving credit facility deferred financing fee amortization and commitment fees and expenses associated with ratings agencies and interest rate hedging, (iii) currency remeasurement on foreign operations, (iv) legal and regulatory expenses, net, and (v) other non-operating (income) and expense. We exclude these expenses as we believe they are not directly correlated to the underlying performance of our business and create variability between periods based on the nature and timing of the expense or income. These costs are reported in selling, general and administrative and in non-operating income and expense, net as applicable based on their nature on our Consolidated Statements of Operations. Consolidated Adjusted EBITDA Margin
Management defines Consolidated Adjusted EBITDA Margin as Consolidated Adjusted EBITDA divided by total revenue as reported.
Adjusted Net Income
Management has excluded the following items from net income attributable to TransUnion in order to calculate Adjusted Net Income for the periods presented:
Amortization of certain intangible assets presents non-cash amortization expenses related to assets that arose from our 2012 change in control transaction and business combinations occurring after our 2012 change in control. We exclude these expenses as we believe they are not directly correlated to the underlying performance of our business operations and vary dependent upon the timing of the transactions that give rise to these assets. Amortization of intangible assets is included in depreciation and amortization on our Consolidated Statements of Operations.Stock-based compensation (see Consolidated Adjusted EBITDA above)Mergers and acquisitions, divestiture and business optimization (see Consolidated Adjusted EBITDA above)Accelerated technology investment (see Consolidated Adjusted EBITDA above)Operating model optimization program (see Consolidated Adjusted EBITDA above)Net other is consistent with the definition in Consolidated Adjusted EBITDA above except that other debt financing expenses and certain other miscellaneous income and expense that are included in the adjustment to calculate Adjusted EBITDA are excluded in the adjustment made to calculate Adjusted Net Income.Total adjustments for income taxes relates to the cumulative adjustments discussed below for Adjusted Provision for Income Taxes. This adjustment is made for the reasons indicated in Adjusted Provision for Income Taxes below. Adjustments related to the provision for income taxes are included in the line item by this name on our Consolidated Statement of Operations.
Adjusted Diluted Earnings Per Share
Management defines Adjusted Diluted Earnings per Share as Adjusted Net Income divided by the weighted-average diluted shares outstanding.
Adjusted Provision for Income Taxes
Management has excluded the following items from our provision for income taxes for the periods presented:
Tax effect of above adjustments represents the income tax effect of the adjustments related to Adjusted Net Income described above. The tax rate applied to each adjustment is based on the nature of each line item. We include the tax effect of the adjustments made to Adjusted Net Income to provide a comprehensive view of our adjusted net income.Excess tax (benefit) expense for stock-based compensation is the permanent difference between expenses recognized for book purposes and expenses recognized for tax purposes, in each case related to stock-based compensation expense. We exclude this amount from the Adjusted Provision for Income Taxes in order to be consistent with the exclusion of stock-based compensation from the calculation of Adjusted Net Income.Other principally relates to (i) deferred tax adjustments, including rate changes, (ii) infrequent or unusual valuation allowance adjustments, (iii) return to provision, tax authority audit adjustments, and reserves related to prior periods, and (iv) other non-recurring items. We exclude these items because they create variability that impacts comparability between periods.
Adjusted Effective Tax Rate
Management defines Adjusted Effective Tax Rate as Adjusted Provision for Income Taxes divided by Adjusted income before income taxes. We calculate adjusted income before income taxes by excluding the pre-tax adjustments in the calculation of Adjusted Net Income discussed above and noncontrolling interest related to these pre-tax adjustments from income before income taxes.
Leverage Ratio
Management defines Leverage Ratio as net debt divided by Consolidated Adjusted EBITDA for the most recent twelve-month period including twelve months of Adjusted EBITDA from significant acquisitions. Net debt is defined as total debt less cash and cash equivalents as reported on the balance sheet as of the end of the period.
This earnings release presents constant currency growth rates assuming foreign currency exchange rates are consistent between years. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates. This earnings release also presents organic constant currency growth rates, which assumes consistent foreign currency exchange rates between years and also eliminates the impact of our recent acquisitions. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates and the impacts of recent acquisitions.
Free cash flow is defined as cash provided by operating activities less capital expenditures and is a measure we may refer to.
Refer to Schedules 1 through 7 for a reconciliation of our non-GAAP financial measures to the most directly comparable GAAP financial measure.
SCHEDULE 1
TRANSUNION AND SUBSIDIARIES
Revenue and Adjusted EBITDA growth rates as Reported, CC, and Organic CC
(Unaudited) For the Three Months Ended June 30, 2026 compared with
the Three Months Ended June 30, 2025 For the Six Months Ended June 30, 2026 compared with
the Six Months Ended June 30, 2025 Reported CC Growth1 Inorganic Organic CC Growth2 Reported CC Growth1 Inorganic Organic CC Growth2Revenue: Consolidated14.9% 15.0% 4.9% 10.1% 14.3% 14.0% 3.6% 10.4%U.S. Markets11.5% 11.5% 0.3% 11.2% 12.6% 12.6% 0.2% 12.4%Financial Services18.2% 18.2% —% 18.2% 21.0% 21.0% —% 21.0%Emerging Verticals9.4% 9.4% 0.7% 8.6% 7.8% 7.8% 0.4% 7.5%Consumer Interactive(3.0)% (3.0)% —% (3.0)% (0.9)% (1.0)% 0.4% (1.4)%International26.9% 27.5% 21.2% 6.3% 20.1% 18.9% 15.5% 3.4%Canada9.7% 9.6% —% 9.6% 11.9% 9.4% —% 9.4%Latin America171.8% 162.1% 157.5% 4.7% 119.2% 110.3% 107.8% 2.5%United Kingdom9.3% 8.6% —% 8.6% 15.6% 11.4% 3.8% 7.9%Africa15.8% 4.9% —% 4.9% 19.4% 7.1% —% 7.1%India(2.3)% 8.0% —% 8.0% (6.4)% 1.2% —% 1.2%Asia Pacific(9.6)% (6.9)% —% (6.9)% (14.2)% (12.5)% —% (12.5)% Adjusted EBITDA: Consolidated12.1% 12.5% 5.4% 7.1% 11.2% 11.0% 4.1% 6.9%U.S. Markets7.1% 7.0% (0.2)% 7.3% 9.2% 9.2% —% 9.2%International26.7% 28.3% 20.9% 7.4% 18.7% 18.1% 15.2% 2.9% 1. Constant Currency (“CC”) growth rates assume foreign currency exchange rates are consistent between years. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates.
2. Organic CC growth rate is the CC growth rate less inorganic growth rate.
SCHEDULE 2
TRANSUNION AND SUBSIDIARIES
Consolidated and Segment Revenue, Adjusted EBITDA, and Adjusted EBITDA Margin (Unaudited)
(dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025Revenue: U.S. Markets gross revenue Financial Services$496.3 $419.9 $996.8 $823.5 Emerging Verticals 353.9 323.6 688.5 638.5 Consumer Interactive 142.5 146.9 282.4 285.1 U.S. Markets gross revenue$992.7 $890.4 $1,967.8 $1,747.0 International gross revenue Canada$46.4 $42.3 $89.7 $80.1 Latin America 92.7 34.1 146.6 66.9 United Kingdom 73.5 67.2 145.7 126.1 Africa 21.0 18.2 41.9 35.1 India 65.1 66.6 126.6 135.3 Asia Pacific 22.1 24.5 44.2 51.5 International gross revenue$320.8 $252.9 $594.8 $495.0 Total gross revenue$1,313.5 $1,143.2 $2,562.5 $2,242.1 Intersegment revenue eliminations U.S. Markets$(2.0) $(1.9) $(3.9) $(3.5)International (1.8) (1.6) (3.3) (3.1)Total intersegment revenue eliminations$(3.8) $(3.5) $(7.3) $(6.6) Total revenue as reported$1,309.6 $1,139.7 $2,555.3 $2,235.5 Adjusted EBITDA: U.S. Markets$361.0 $337.2 $717.9 $657.4 International 136.8 108.0 258.5 217.8 Corporate (41.7) (38.2) (82.4) (71.0)Adjusted EBITDA Margin:1 U.S. Markets 36.4% 37.9% 36.5% 37.6%International 42.7% 42.7% 43.5% 44.0% 1. Segment Adjusted EBITDA Margins are calculated using segment gross revenue and segment Adjusted EBITDA. Consolidated Adjusted EBITDA Margin is calculated using total revenue as reported and consolidated Adjusted EBITDA.
Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025Reconciliation of Net income attributable to TransUnion to consolidated Adjusted EBITDA: Net income attributable to TransUnion$143.4 $109.6 $540.5 $257.7 Net interest expense 58.9 47.0 113.8 94.5 Provision for income taxes 54.8 44.4 82.4 85.4 Depreciation and amortization 160.5 142.7 312.9 281.6 EBITDA$417.6 $343.7 $1,049.5 $719.2 Expense and (income) adjustments to EBITDA: Stock-based compensation 39.1 40.2 76.6 70.5 Mergers and acquisitions, divestitures and business optimization1 (1.3) (4.6) (233.6) 13.2 Accelerated technology investment2 — 23.2 — 43.3 Operating model optimization program3 — 5.4 — 15.2 Net other4 0.7 (0.8) 1.4 (57.3)Total adjustments to EBITDA$38.5 $63.3 $(155.5) $85.0 Consolidated Adjusted EBITDA$456.1 $407.0 $894.0 $804.1 Net income attributable to TransUnion margin 10.9% 9.6% 21.2% 11.5%Consolidated Adjusted EBITDA margin5 34.8% 35.7% 35.0% 36.0% As a result of displaying amounts in millions, rounding differences may exist in the tables above and footnotes below.
1. Mergers and acquisitions, divestitures and business optimization consisted of the following adjustments:
Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Transaction and integration costs$ (0.9) $ 2.9 $ 7.6 $ 8.2 Fair value and impairment adjustments (0.3) (7.6) (241.2) 5.0 Total mergers and acquisitions, divestitures and business optimization$ (1.3) $ (4.6) $ (233.6) $ 13.2 For the six months ended June 30, 2026, fair value and impairment adjustments includes the gain on our acquisition of Trans Union de Mexico.
2. Represents expenses associated with our accelerated technology investment to migrate to the cloud. There are three components of the accelerated technology investment: (i) building foundational capabilities, which includes establishing a modern, API-based and services-oriented software architecture, (ii) the migration of each application and customer data to the new enterprise platform, including the redundant software costs during the migration period, as well as the efforts to decommission the legacy system, and (iii) program enablement, which includes dedicated resources to support the planning and execution of the program. The amounts for each category of cost are as follows:
Three Months Ended
June 30, Six Months Ended
June 30, 2025 2025Foundational Capabilities$4.2 $11.7 Migration Management 19.0 31.6 Total accelerated technology investment$23.2 $43.3 3. Operating model optimization consisted of the following adjustments:
Three Months Ended
June 30, Six Months Ended
June 30, 2025 2025Business process optimization$5.4 $15.2 Total operating model optimization$5.4 $15.2 4. Net other consisted of the following adjustments:
Three Months Ended
June 30, Six Months Ended
June 30, 2026 2025 2026 2025Deferred loan fee expense from debt prepayments and refinancing$— $— $— $(0.1)Other debt financing expenses 0.5 0.6 1.0 1.1 Currency remeasurement on foreign operations (0.5) (1.5) 1.1 (2.1)Legal and regulatory expenses, net — — — (56.0)Other non-operating (income) expense 0.7 0.2 (0.6) (0.1)Total other adjustments$0.7 $(0.8) $1.4 $(57.3) 5. Consolidated Adjusted EBITDA margin is calculated by dividing Consolidated Adjusted EBITDA by total revenue.
SCHEDULE 3
TRANSUNION AND SUBSIDIARIES
Adjusted Net Income and Adjusted Diluted Earnings Per Share (Unaudited)
(in millions, except per share data) Three Months Ended
June 30, Six Months Ended
June 30, 2026 2025 2026 2025Net Income attributable to TransUnion$143.4 $109.6 $540.5 $257.7 Weighted-average shares outstanding: Basic 192.3 195.0 192.5 195.0 Diluted 193.7 197.2 194.3 197.2 Basic earnings per common share from: Net income attributable to TransUnion$0.75 $0.56 $2.81 $1.32 Diluted earnings per common share from: Net income attributable to TransUnion$0.74 $0.56 $2.78 $1.31 Reconciliation of Net income attributable to TransUnion to Adjusted Net Income: Net income attributable to TransUnion$143.4 $109.6 $540.5 $257.7 Expense and (income) adjustments before income tax items: Amortization of certain intangible assets 82.9 73.1 159.4 143.9 Stock-based compensation 39.1 40.2 76.6 70.5 Mergers and acquisitions, divestitures and business optimization1 (1.3) (4.6) (233.6) 13.2 Accelerated technology investment2 — 23.2 — 43.3 Operating model optimization program3 — 5.4 — 15.2 Net other4 (0.5) (1.5) 1.1 (58.2)Total adjustments before income tax items$120.3 $135.6 $3.6 $227.9 Total adjustments for income taxes5 (26.1) (32.1) (76.3) (64.8)Adjusted Net Income$237.6 $213.1 $467.8 $420.7 Weighted-average shares outstanding: Basic 192.3 195.0 192.5 195.0 Diluted 193.7 197.2 194.3 197.2 Adjusted Earnings per Share: Basic$1.24 $1.09 $2.43 $2.16 Diluted$1.23 $1.08 $2.41 $2.13 Three Months Ended
June 30, Six Months Ended
June 30, 2026 2025 2026 2025Reconciliation of Diluted earnings per share from Net income attributable to TransUnion to Adjusted Diluted Earnings per Share: Diluted earnings per common share from: Net income attributable to TransUnion$0.74 $0.56 $2.78 $1.31 Expense and (income) adjustments before income tax items: Amortization of certain intangible assets 0.43 0.37 0.82 0.73 Stock-based compensation 0.20 0.20 0.39 0.36 Mergers and acquisitions, divestitures and business optimization1 (0.01) (0.02) (1.20) 0.07 Accelerated technology investment2 — 0.12 — 0.22 Operating model optimization program3 — 0.03 — 0.08 Net other4 — (0.01) 0.01 (0.30)Total adjustments before income tax items$0.62 $0.69 $0.02 $1.16 Total adjustments for income taxes5 (0.13) (0.16) (0.39) (0.33)Adjusted Diluted Earnings per Share$1.23 $1.08 $2.41 $2.13 Each component of earnings per share is calculated independently, therefore, rounding differences exist in the table above.
1. Mergers and acquisitions, divestitures and business optimization consisted of the following adjustments:
Three Months Ended
June 30, Six Months Ended
June 30, 2026 2025 2026 2025Transaction and integration costs$(0.9) $2.9 $7.6 $8.2 Fair value and impairment adjustments (0.3) (7.6) (241.2) 5.0 Total mergers and acquisitions, divestitures and business optimization$(1.3) $(4.6) $(233.6) $13.2 For the six months ended June 30, 2026, fair value and impairment adjustments includes the gain on our acquisition of Trans Union de Mexico.
2. Represents expenses associated with our accelerated technology investment to migrate to the cloud. There are three components of the accelerated technology investment: (i) building foundational capabilities which includes establishing a modern, API-based and services-oriented software architecture, (ii) the migration of each application and customer data to the new enterprise platform, including the redundant software costs during the migration period, as well as the efforts to decommission the legacy system, and (iii) program enablement, which includes dedicated resources to support the planning and execution of the program. The amounts for each category of cost are as follows:
Three Months Ended
June 30, Six Months Ended
June 30, 2025 2025Foundational Capabilities$4.2 $11.7 Migration Management 19.0 31.6 Total accelerated technology investment$23.2 $43.3 3. Operating model optimization consisted of the following adjustments:
Three Months Ended June 30, Six Months Ended June 30, 2025 2025Business process optimization$5.4 $15.2 Total operating model optimization$5.4 $15.2 4. Net other consisted of the following adjustments:
Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025Deferred loan fee expense from debt prepayments and refinancing$— $— $— $(0.1)Currency remeasurement on foreign operations (0.5) (1.5) 1.1 (2.1)Legal and regulatory expenses, net — — — (56.0)Total other adjustments$(0.5) $(1.5) $1.1 $(58.2) 5. Total adjustments for income taxes represents the total of adjustments discussed to calculate the Adjusted Provision for Income Taxes.
SCHEDULE 4
TRANSUNION AND SUBSIDIARIES
Adjusted Provision for Income Taxes, Effective Tax Rate and Adjusted Effective Tax Rate (Unaudited)
(dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025Income before income taxes$201.5 $156.8 $629.6 $350.5 Total adjustments before income tax items from Schedule 3 120.3 135.6 3.6 227.9 Adjusted income before income taxes$321.8 $292.4 $633.2 $578.5 Reconciliation of Provision for income taxes to Adjusted Provision for Income Taxes Provision for income taxes$(54.8) $(44.4) $(82.4) $(85.4)(Expense) and benefit adjustments for income taxes: Tax effect of above adjustments (26.5) (33.0) (52.9) (65.3)Eliminate impact of excess tax expense (benefit) for stock-based compensation 0.7 (0.2) (0.2) 0.3 Other1 (0.3) 1.1 (23.2) 0.2 Total adjustments for income taxes$(26.1) $(32.1) $(76.3) $(64.8)Adjusted Provision for Income Taxes$(80.9) $(76.5) $(158.7) $(150.3) Effective tax rate 27.2% 28.3% 13.1% 24.4%Adjusted Effective Tax Rate 25.1% 26.2% 25.1% 26.0% As a result of displaying amounts in millions, rounding differences may exist in the table above.
1. Other adjustments for income taxes include:
Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025Deferred tax adjustments$0.9 $(2.9) $(18.0) $(7.4)Valuation allowance adjustments (2.6) (0.7) (7.7) 1.5 Return to provision, audit adjustments and reserves related to prior periods 1.5 3.9 1.7 4.9 Other adjustments — 0.8 0.9 1.2 Total other adjustments$(0.3) $1.1 $(23.2) $0.2 SCHEDULE 5
TRANSUNION AND SUBSIDIARIES
Leverage Ratio (Unaudited)
(dollars in millions) Trailing Twelve Months Ended
June 30, 2026Reconciliation of Net income attributable to TransUnion to Consolidated Adjusted EBITDA: Net income attributable to TransUnion $738.2 Net interest expense 221.8 Provision for income taxes 170.1 Depreciation and amortization 606.0 EBITDA $1,736.2 Expense and (income) adjustments to EBITDA: Stock-based compensation $151.7 Mergers and acquisitions, divestitures and business optimization1 (216.8)Accelerated technology investment2 41.2 Operating model optimization program3 17.1 Net other4 6.4 Total adjustments to EBITDA $(0.4)Consolidated Adjusted EBITDA 1,735.8 Adjusted EBITDA for Pre-Acquisition Period5 55.5 Leverage Ratio Adjusted EBITDA $1,791.3 Total debt $5,585.3 Less: Cash and cash equivalents 839.1 Net Debt $4,746.2 Ratio of Net Debt to Net income attributable to TransUnion 6.4 Leverage Ratio6 2.6 As a result of displaying amounts in millions, rounding differences may exist in the table above.
1. Mergers and acquisitions, divestitures and business optimization consisted of the following adjustments:
Trailing Twelve Months Ended
June 30, 2026Transaction and integration costs $ 13.3 Fair value and impairment adjustments (229.4)Post-acquisition adjustments (0.7)Total mergers and acquisitions, divestitures and business optimization $ (216.8) Fair value and impairment adjustments includes the gain on our acquisition of Trans Union de Mexico.
2. Represents expenses associated with our accelerated technology investment to migrate to the cloud. There are three components of the accelerated technology investment: (i) building foundational capabilities which includes establishing a modern, API-based and services-oriented software architecture, (ii) the migration of each application and customer data to the new enterprise platform, including the redundant software costs during the migration period, as well as the efforts to decommission the legacy system, and (iii) program enablement, which includes dedicated resources to support the planning and execution of the program. The amounts for each category of cost are as follows:
Trailing Twelve Months Ended
June 30, 2026Foundational Capabilities $7.1 Migration Management 34.1 Total accelerated technology investment $41.2 3. Operating model optimization consisted of the following adjustments:
Trailing Twelve Months Ended
June 30, 2026Employee separation $6.8 Business process optimization 10.2 Total operating model optimization $17.1 4. Net other consisted of the following adjustments:
Trailing Twelve Months Ended
June 30, 2026Other debt financing expenses $1.9 Currency remeasurement on foreign operations 3.7 Other non-operating (income) and expense 0.8 Total other adjustments $6.4 5. The trailing twelve months ended June 30, 2026 include Adjusted EBITDA related to Trans Union de Mexico and the mobile division of RealNetworks prior to our acquisitions in March 2026 and April 2026, respectively.
6. We define Leverage Ratio as net debt divided by Leverage Ratio Adjusted EBITDA as shown in the table above.
SCHEDULE 6
TRANSUNION AND SUBSIDIARIES
Segment Depreciation and Amortization (Unaudited)
(in millions) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 U.S. Markets$108.7 $105.2 $217.3 $206.4 International 50.9 36.6 93.8 73.2 Corporate 0.9 0.9 1.8 2.0 Total depreciation and amortization$160.5 $142.7 $312.9 $281.6 As a result of displaying amounts in millions, rounding differences may exist in the table above.
SCHEDULE 7
TRANSUNION AND SUBSIDIARIES
Reconciliation of Non-GAAP Guidance (Unaudited)
(in millions, except per share data) Three Months Ended
September 30, 2026 Twelve Months Ended
December 31, 2026 Low High Low HighGuidance reconciliation of Net income attributable to TransUnion to Adjusted EBITDA: Net income attributable to TransUnion$132 $138 $807 $821 Interest, taxes and depreciation and amortization 279 281 1,071 1,076 EBITDA$411 $419 $1,878 $1,898 Stock-based compensation, mergers, acquisitions divestitures and business optimization-related expenses and other adjustments1 44 44 (71) (71)Adjusted EBITDA$455 $463 $1,807 $1,827 Net income attributable to TransUnion margin 10.2% 10.5% 15.7% 15.9%Consolidated Adjusted EBITDA margin2 35.2% 35.4% 35.2% 35.4% Guidance reconciliation of Diluted earnings per share to Adjusted Diluted Earnings per Share: Diluted earnings per share$0.68 $0.71 $4.15 $4.22 Adjustments to diluted earnings per share1 0.50 0.50 0.61 0.61 Adjusted Diluted Earnings per Share$1.18 $1.21 $4.75 $4.83 As a result of displaying amounts in millions, rounding differences may exist in the table above.
1. These adjustments include the same adjustments we make to our Adjusted EBITDA and Adjusted Net Income as discussed in the Non-GAAP Financial Measures section of our Earnings Release.
2. Consolidated Adjusted EBITDA margin is calculated by dividing Consolidated Adjusted EBITDA by total revenue.
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering TransUnion (TRU - Free Report) , which belongs to the Zacks Business - Information Services industry.
This credit reporting company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 5.09%.
For the last reported quarter, TransUnion came out with earnings of $1.18 per share versus the Zacks Consensus Estimate of $1.11 per share, representing a surprise of 6.31%. For the previous quarter, the company was expected to post earnings of $1.03 per share and it actually produced earnings of $1.07 per share, delivering a surprise of 3.88%.
Price and EPS Surprise
With this earnings history in mind, recent estimates have been moving higher for TransUnion. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
TransUnion currently has an Earnings ESP of +0.73%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 28, 2026.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Dimensional Fund Advisors LP lifted its stake in shares of TransUnion (NYSE:TRU – Free Report) by 20.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,498,573 shares of the business services provider’s stock after buying an additional 423,286 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.30% of TransUnion worth $172,843,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Dodge & Cox purchased a new position in TransUnion in the fourth quarter worth approximately $843,952,000. Independent Franchise Partners LLP increased its position in shares of TransUnion by 99.7% in the 4th quarter. Independent Franchise Partners LLP now owns 9,136,903 shares of the business services provider’s stock valued at $783,489,000 after purchasing an additional 4,561,619 shares during the last quarter. State Street Corp increased its position in shares of TransUnion by 0.7% in the 4th quarter. State Street Corp now owns 6,832,003 shares of the business services provider’s stock valued at $585,844,000 after purchasing an additional 50,232 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of TransUnion by 7.0% in the 4th quarter. Van ECK Associates Corp now owns 4,932,203 shares of the business services provider’s stock valued at $422,936,000 after purchasing an additional 323,149 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of TransUnion by 5.8% in the 4th quarter. Bessemer Group Inc. now owns 3,768,902 shares of the business services provider’s stock valued at $323,185,000 after purchasing an additional 205,449 shares in the last quarter.
Analyst Upgrades and Downgrades A number of equities analysts recently commented on the stock. UBS Group boosted their target price on shares of TransUnion from $72.00 to $77.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Robert W. Baird set a $108.00 price target on TransUnion in a research note on Wednesday, April 29th. Weiss Ratings upgraded TransUnion from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. decreased their price target on TransUnion from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Finally, Mizuho lowered their price objective on TransUnion from $88.00 to $77.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, TransUnion presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.60.
Read Our Latest Stock Report on TRU
Insider Activity at TransUnion In other news, insider Steven M. Chaouki sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $72.64, for a total value of $726,400.00. Following the completion of the sale, the insider directly owned 89,906 shares of the company’s stock, valued at approximately $6,530,771.84. The trade was a 10.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather J. Russell sold 6,683 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $71.87, for a total value of $480,307.21. Following the completion of the sale, the executive vice president directly owned 45,248 shares of the company’s stock, valued at $3,251,973.76. The trade was a 12.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 30,155 shares of company stock worth $2,177,102. Insiders own 0.37% of the company’s stock.
TransUnion Stock Up 3.6% Shares of NYSE:TRU opened at $76.50 on Friday. The company has a market capitalization of $14.75 billion, a PE ratio of 21.19, a P/E/G ratio of 1.37 and a beta of 1.55. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 1.10. TransUnion has a twelve month low of $63.37 and a twelve month high of $99.39. The firm has a 50 day simple moving average of $71.88 and a 200-day simple moving average of $73.76.
TransUnion (NYSE:TRU – Get Free Report) last issued its earnings results on Tuesday, April 28th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.07. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. TransUnion had a net margin of 14.91% and a return on equity of 16.09%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.05 EPS. TransUnion has set its Q2 2026 guidance at 1.130-1.150 EPS. On average, equities analysts predict that TransUnion will post 4.14 EPS for the current fiscal year.
TransUnion Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Wednesday, May 27th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, May 27th. TransUnion’s dividend payout ratio is currently 13.85%.
TransUnion Profile (Free Report)
TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.
The company’s offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.
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California Public Employees Retirement System cut its position in shares of TransUnion (NYSE:TRU – Free Report) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 264,671 shares of the business services provider’s stock after selling 9,840 shares during the quarter. California Public Employees Retirement System owned about 0.14% of TransUnion worth $18,313,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Dodge & Cox acquired a new stake in TransUnion during the 4th quarter worth approximately $843,952,000. Independent Franchise Partners LLP lifted its position in TransUnion by 99.7% during the fourth quarter. Independent Franchise Partners LLP now owns 9,136,903 shares of the business services provider’s stock valued at $783,489,000 after buying an additional 4,561,619 shares in the last quarter. State Street Corp lifted its position in TransUnion by 62.2% during the third quarter. State Street Corp now owns 6,781,771 shares of the business services provider’s stock valued at $568,177,000 after buying an additional 2,600,425 shares in the last quarter. Invesco Ltd. grew its stake in TransUnion by 355.9% during the third quarter. Invesco Ltd. now owns 2,637,776 shares of the business services provider’s stock worth $220,993,000 after buying an additional 2,059,177 shares during the period. Finally, Vulcan Value Partners LLC purchased a new stake in TransUnion during the fourth quarter worth approximately $91,043,000.
Insiders Place Their Bets In related news, insider Todd C. Skinner sold 1,000 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $72.64, for a total value of $72,640.00. Following the completion of the transaction, the insider owned 64,634 shares of the company’s stock, valued at approximately $4,695,013.76. This represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather J. Russell sold 6,683 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $71.87, for a total value of $480,307.21. Following the sale, the executive vice president owned 45,248 shares of the company’s stock, valued at approximately $3,251,973.76. This trade represents a 12.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 30,155 shares of company stock valued at $2,177,102 over the last ninety days. Insiders own 0.37% of the company’s stock.
TransUnion Trading Down 2.1% NYSE TRU opened at $73.81 on Friday. The stock has a market cap of $14.23 billion, a P/E ratio of 20.45, a PEG ratio of 1.35 and a beta of 1.55. The company’s fifty day simple moving average is $71.68 and its 200-day simple moving average is $73.74. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 1.10. TransUnion has a 52 week low of $63.37 and a 52 week high of $99.39.
TransUnion (NYSE:TRU – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.07. TransUnion had a net margin of 14.91% and a return on equity of 16.09%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the business earned $1.05 EPS. The business’s revenue was up 13.7% on a year-over-year basis. TransUnion has set its Q2 2026 guidance at 1.130-1.150 EPS. Equities research analysts predict that TransUnion will post 4.14 EPS for the current fiscal year.
TransUnion Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.50 annualized dividend and a dividend yield of 0.7%. TransUnion’s dividend payout ratio (DPR) is currently 13.85%.
Wall Street Analyst Weigh In A number of equities analysts have recently commented on TRU shares. Weiss Ratings raised shares of TransUnion from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Bank of America lowered their price target on TransUnion from $83.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. UBS Group raised their price objective on TransUnion from $72.00 to $77.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. reduced their price objective on TransUnion from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Finally, Mizuho decreased their target price on TransUnion from $88.00 to $77.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, TransUnion has a consensus rating of “Moderate Buy” and an average price target of $91.60.
Get Our Latest Stock Report on TRU
TransUnion Profile (Free Report)
TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.
The company’s offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.
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CHICAGO, July 23, 2026 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today released new research revealing that despite a decline in incidents across many fraud types, fraud losses in auto lending have increased significantly in recent years. The findings point to a fraud environment impacting dealerships and auto lenders where fewer events drive greater financial losses. Today’s fraudsters have evolved to concentrate on higher-value opportunities throughout the lending lifecycle, especially as new and used vehicle prices reach heightened levels.
Auto lenders are facing substantially higher fraud-related losses across multiple fraud categories. Between Q3 2018 and Q3 2025, losses tied to first-party, third-party and synthetic fraud increased significantly. First-party fraud, which occurs when an individual deliberately provides false information or misrepresents themselves to obtain goods, services or credit, experienced the largest increase. It saw estimated losses rising from $88 million to $323 million—an increase of approximately 267% over the period.
Gaps in fraud detection, especially resolving identities, open the door to large charge-off losses by lenders and dealerships that most often are not found out until weeks or months later and are not recoverable.
“Fraudsters are becoming increasingly targeted and efficient,” said Satyan Merchant, senior vice president and automotive and mortgage business leader at TransUnion. “While fraud volume remains an important indicator of risk, we are seeing criminals drive significantly higher losses through fewer, more strategic attacks by targeting high-value opportunities and exploiting vulnerabilities across the lending lifecycle. For lenders, effectively managing fraud risk requires a comprehensive view of both frequency and financial impact—not only how often fraud occurs, but also the severity of each incident and its potential effect on the business.”
Auto Lending Fraud Losses Saw Significant Growth Across Multiple Fraud Segments
Fraud TypeQ3 2018Q3 2025First-party Fraud$88 million$323 millionThird-party Fraud$18 million$47 millionSynthetic Fraud$93 million$208 millionSource: TransUnion US consumer credit database
Third-party fraud, which involves the use of another person’s identity without their knowledge or consent, is a clear example of the divergent trends of incidences and losses. In auto lending, the incidence rate in Q3 2025 was less than half its Q3 2018 level, yet associated losses were 2.6 times higher. Similar trends were observed for other types of fraud. These gaps show how fraudsters are becoming more strategic and executing fewer schemes while targeting larger loan balances and generating greater losses.
Though less common, third-party fraud can produce substantial losses due to the high balances associated with fraudulent auto loans. Some of the largest losses occur among traditionally lower-risk, higher-credit tiers, where fraud incidence is lower, but loss severity is significantly higher.
A Growing Threat: Credit Washing and Hidden Credit Risk
Beyond traditional fraud activity, lenders are also confronting emerging forms of identity and credit manipulation that can mask underlying risk. Credit washing, in particular, is creating new challenges by artificially enhancing the creditworthiness of some borrowers.
Credit washing conceals critical risk signals and undermines the accuracy of credit-based decisioning. Consumers with suppressed negative tradelines can exhibit risk levels similar to much lower credit tiers despite appearing prime or above prime at origination. In some cases, they are several times more likely to experience early charge-off in the 12 months following origination than borrowers without suppressed credit events.
Charge-off Increases Among Credit Washers Across All Risk Tiers
Credit Risk Tier at OriginationSubsequent Percentage Charge-Off in 12 Months Post Auto
OriginationCredit WasherOther ConsumersSubprime14.8%
10.3%
Near prime6.7%
3.6%
Prime5.6%
1.2%
Prime plus4.8%
0.4%
Super prime3.6%
0.1%
Source: TransUnion US consumer credit database
Data observation period: 2024 originations sample set
“Credit washing is one of the more concerning emerging trends because it fundamentally distorts how lenders assess risk,” said Naureen Ali, U.S. head of fraud at TransUnion. “When negative credit information is removed or suppressed, consumers can appear more creditworthy than they really are, leading to a higher likelihood of early default.”
In 2025, roughly 5% of U.S. consumers have had charged-off accounts suppressed for atypical reasons, with an estimated $10 billion in debt erased from credit reports, creating disproportionate risk and decisioning blind spots. These findings reinforce the need for lenders to look beyond traditional credit attributes and incorporate deeper identity intelligence into their processes.
Ali continued, “The goal of fraud solutions like TransUnion's suite of fraud solutions is to help lenders and dealers uncover and identify hidden risks. Whether it is credit washing or identity-based fraud, by combining identity verification and linkage analytics, synthetic ID detection, and anomalies on the credit file, TransUnion can help lenders uncover those hidden risks earlier and allow lenders to make more informed lending decisions.”
To learn more about TransUnion’s fraud solutions and how they can help auto lenders uncover identity-related risks, detect fraud earlier and make more informed lending decisions throughout the account lifecycle, please click here.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments, we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
86% of Canadians surveyed rank inflation among their top three household financial concerns; 51% continue to cut discretionary spendingDespite improving financial optimism over household finances, 50% say their income isn’t keeping pace with inflationOne quarter (25%) of consumers plan to apply for new credit, but many remain cautious about borrowing costsAs fraud threats rise, 40% of Canadians surveyed now check their credit report at least monthly TORONTO, July 22, 2026 (GLOBE NEWSWIRE) -- Canadians are showing modest signs of financial improvement, but affordability pressures continue to shape how they spend, borrow and protect themselves financially, according to TransUnion's (NYSE: TRU) Q2 2026 Canada Consumer Pulse Study. While financial optimism has improved over the past year, with 45% of Canadians surveyed expressing optimism about their household finances over the next 12 months, many households continue to feel financially stretched. Half (50%) of Canadians surveyed said their income isn't keeping pace with inflation, while 86% ranked inflation among their top three household financial concerns.
The survey responses suggest a gradual improvement in Canadians' financial health, driven by stronger household incomes and growing confidence about the year ahead. One-quarter (25%) of consumers reported an increase in household income over the past three months, while nearly one in four (24%) said their finances are better than expected so far this year – the highest level recorded in the past year. However, those gains do not appear to have translated into broad financial relief, as many households continue to face cost-of-living pressures and absorb higher everyday expenses.
"Many Canadians are beginning to see improvements in their financial outlook and have adapted to sustained periods of economic uncertainty. They're continuing to make decisions through an affordability lens," said Matt Fabian, senior director of financial services research and consulting at TransUnion Canada. "While improving incomes and easing economic conditions are helping households regain their footing, affordability continues to shape everyday financial decisions. We're seeing Canadians become more intentional with how they spend, borrow and manage their financial health as they adapt to a higher-cost environment.”
Affordability Continues to Shape Spending Decisions
Although household finances are beginning to improve, many Canadians continue to make deliberate trade-offs in how they manage their budgets. The findings suggest consumers remain focused on essential expenses while remaining selective about discretionary purchases, even as some early signs point to growing financial confidence.
Among those surveyed:
51% cut back on discretionary spending, including dining out, travel and entertainment26% cancelled subscriptions or memberships18% chose to pay down debt obligations faster11% increased discretionary spending, up three percentage points year over year, signaling early signs that some households are beginning to regain financial flexibility Canadians Remain Cautious About Borrowing
Despite ongoing affordability pressures, Canadians have not materially pulled back from the credit market. One-quarter (25%) of Canadians surveyed plan to apply for new credit or refinance existing credit over the next year, unchanged from a year ago, demonstrating that consumers continue to value credit as a financial tool. However, the findings suggest many Canadians are taking a more cautious and deliberate approach to borrowing as they navigate higher living costs.
Younger Canadians continue to lead the demand for new credit, with nearly half (48%) of Gen Z consumers and 37% of Millennials planning to apply for new credit or refinance existing credit over the next year. Credit cards remain the preferred borrowing product, with nearly half (49%) of prospective borrowers planning to apply for a new credit card.
At the same time, about one in five Canadians (21%) considered applying for new credit but ultimately chose not to move forward. Among those consumers, 29% said they decided they didn't need additional credit, while 26% cited the cost of credit as the primary reason. Roughly one in five also believed they would not qualify because of their credit history (22%) or income and employment status (20%), underscoring how affordability pressures continue to influence borrowing decisions.
"We're seeing Canadians become more intentional in how they approach credit," said Fabian. "Consumers continue to recognize the value of credit, but they're carefully weighing borrowing costs, eligibility and their financial needs before making decisions. That reflects a more thoughtful approach to managing finances as households continue adapting to a higher-cost environment."
Growing Fraud Threats are Driving More Proactive Financial Management
As fraud attempts and data breaches become increasingly common, Canadians are taking a more active role in monitoring and protecting their financial health. The study found that 44% of Canadians were targeted by fraud in the past three months but did not become victims, while 20% said they had been notified they were affected by a data breach.
Against that backdrop, credit monitoring is becoming an increasingly common financial habit, with 40% of consumers checking their credit report at least monthly, up three percentage points year over year. Consumers are also increasingly monitoring their credit reports to detect fraud and verify the accuracy of their credit information, rather than to simply improve their credit scores.
Despite growing awareness of cybersecurity risks, significant knowledge gaps remain. One-third (33%) of consumers reported taking no action to address cybersecurity concerns, while more than half (51%) of those consumers said they were unsure what steps to take.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries and territories, including Canada, where we’re the credit bureau of choice for the financial services ecosystem and most of Canada’s largest banks. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this by providing an actionable view of consumers, stewarded with care.
Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
Wall Street expects a year-over-year increase in earnings on higher revenues when TransUnion (TRU - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 28. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis credit reporting company is expected to post quarterly earnings of $1.14 per share in its upcoming report, which represents a year-over-year change of +5.6%.
Revenues are expected to be $1.29 billion, up 12.9% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for TransUnion?For TransUnion, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.73%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that TransUnion will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that TransUnion would post earnings of $1.11 per share when it actually produced earnings of $1.18, delivering a surprise of +6.31%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
TransUnion appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
CHICAGO, July 16, 2026 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced an enhancement to its mortgage credit report, with the addition of TruVision™ Alternative Credit Attributes (ACA 2.0) from its FactorTrust® Alternative Lending Database to expand lenders’ visibility beyond traditional credit data.
The new alternative credit attributes give lenders earlier insight into borrower stability and intent, enabling them to prioritize high-potential applicants earlier in the funnel, streamline workflows and focus resources on loans more likely to convert. Applied as early as the prequalification stage, the data helps reduce risk sooner in the decisioning process. It also supports more consistent underwriting and enables competitive pricing for qualified borrowers.
By layering alternative financial signals alongside traditional credit data, the new ACA 2.0 attributes deepen mortgage risk assessments and provide greater visibility into the consumer’s full wallet. Moreover, these enhanced insights are delivered at no additional cost, enabling lenders to improve decision quality without increasing underwriting expense.
“This enhancement reflects our continued focus on giving mortgage lenders a more complete and actionable view of borrower behavior,” said Satyan Merchant, senior vice president and mortgage and automotive business leader at TransUnion. “By bringing richer credit insight earlier into the process, lenders can make more confident decisions, reduce unnecessary risk and concentrate their efforts on applicants most likely to convert—ultimately enabling more efficient access to credit for qualified consumers.”
Continuing a History of Mortgage Lending Innovation
This latest enhancement to the mortgage credit report builds on TransUnion’s legacy of innovation that helps lenders better assess consumer creditworthiness. These include:
Trended Credit Data: In 2013, TransUnion introduced first-to-market trended credit data, shifting underwriting away from a single point-in-time snapshot toward a more dynamic view of borrower behavior. This helps reshape risk assessment, segmentation and approaches to fairer pricing.TruVision Early Access Soft Check: This solution delivers comprehensive credit insights without a hard inquiry, enabling smarter prequalification decisions. It brings rich TransUnion data earlier into the mortgage process, improving operational efficiency and transparency for both lenders and borrowers. “TransUnion continues to expand credit insight through our risk solutions,” said Mohamed Abdelsadek, Chief Global Solutions Officer, TransUnion. “Combined with TruVision™ Alternative Credit Attributes, these innovations give lenders greater confidence and a more complete, dynamic view of consumer financial behavior.”
To learn more about TransUnion Mortgage Industry Solutions that help lenders make smarter, more confident marketing, customer acquisition and lending decisions, click here.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
Key Takeaways TransUnion is benefiting from demand for big data analytics and reported 14% first-quarter revenue growth.TRU expanded AI offerings & completed acquisitions to strengthen analytics, fraud & messaging capabilities.TransUnion's solid liquidity supports flexibility, while debt and competition continue to pose challenges. Shares of TransUnion (TRU - Free Report) have had a decent run over the past month. The stock has risen 9.7% compared with the industry’s 1.8% growth. The Zacks S&P 500 composite barely moved during the said time frame.
TRU’s second-quarter 2026 earnings are expected to be up 5.6% year over year. Earnings for 2026 and 2027 are projected to rise 10.5% and 16.9% year over year, respectively. Revenues are expected to increase 12.4% in 2026 and 128.3% in 2027.
Factors That Bode Well for TRUTransUnion, a leading global provider of risk and information solutions to businesses and consumers, benefits from the fast-growing big data and analytics market, driven by the strong demand for data-backed business insights and reports by organizations. This increasing pace of harnessing data for business insights and decision-making enables TRU to leverage advanced technology to enhance its analytics capabilities and expand its database. The company reported first-quarter 2026 revenue growth of 14% year over year on a reported basis and 11% organically in constant currency.
TRU’s artificial intelligence (AI)-powered innovative solutions also play a key role in its overall growth. The company is expanding its next-gen AI-powered product portfolio to support long-term sustainability.
It recently introduced TruIQ Analytics Orchestrator, which utilizes Google's Gemini models to streamline advanced credit modeling through natural language prompts, enhanced its AI-powered marketing audience solutions that transform static customer segments into dynamic, value-driven audiences and upgraded its AI-powered fraud model factory, which is capable of launching new fraud detection models two to three times faster. These innovations and technological advancements are expected to improve scalability and reduce operational costs.
TRU’s disciplined buyout strategy is strengthening its outlook. Recently, the company completed the acquisition of TransUnion Mexico, allowing it to enter the attractive Mexican credit market and further supporting its market expansion and portfolio diversification. The acquisition of RealNetworks’ Mobile division boosts its messaging capabilities, which complement its trusted call solutions business.
The company’s current ratio (a measure of liquidity) was 1.93 at the end of the first quarter of 2026, higher than the industry average of 1.01. A current ratio of more than 1 often indicates that the company is well-positioned to pay off its short-term obligations.
Risks to WatchPast acquisitions and aggressive expansion have burdened TransUnion with substantial debt. Although the debt has fueled the company's growth. It has also increased operating costs and limited future opportunities.
Global business information service providers operate in a fiercely competitive landscape. TRU faces heightened competition from firms like Equifax, Experian and LexisNexis across sectors. This competition fuels innovation across the industry while driving pricing pressures. Ongoing technology investments increase the challenge of maintaining profitability while competing for growth.
TransUnion currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to ConsiderA couple of better-ranked stocks in the broader Zacks Business Services sector are Veralto Corporation (VLTO - Free Report) and Corpay, Inc. (CPAY - Free Report) .
Veralto Corporation carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 8.4%. VLTO delivered a trailing four-quarter earnings surprise of 4.9% on average.
Corpay, Inc. also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 14.3%. CPAY's earnings beat estimates in three of the last four quarters and matched once, with the surprise being 2% on average.
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What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
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 ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
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.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus 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 maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure 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.
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: TransUnion (TRU - Free Report) Headquartered in Chicago, IL, TransUnion is one of the leading global providers of risk and information solutions to businesses and consumers. The company provides consumer reports, risk scores, analytical services and decision-making capabilities to businesses. What sets TransUnion apart are its distinctive and comprehensive datasets, next-generation technology and its analytics and decision-making capabilities — which enable it to deliver insights across the complete consumer lifecycle. TransUnion boasts rich domain proficiency across key industry verticals, including insurance, healthcare and financial services. It also caters to verticals like wireless, real estate and general commercial/business information. Possession of both nationwide consumer credit data and comprehensive, diverse public records data, enables the company to better predict behavior, assess risk and address a broader set of business issues for its customers.
TRU 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 15.8; value investors should take notice.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.01 to $4.75 per share. TRU boasts an average earnings surprise of +6.3%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, TRU 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.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
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.
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 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 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 like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
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.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus 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.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: TransUnion (TRU - Free Report) Headquartered in Chicago, IL, TransUnion is one of the leading global providers of risk and information solutions to businesses and consumers. The company provides consumer reports, risk scores, analytical services and decision-making capabilities to businesses. What sets TransUnion apart are its distinctive and comprehensive datasets, next-generation technology and its analytics and decision-making capabilities — which enable it to deliver insights across the complete consumer lifecycle. TransUnion boasts rich domain proficiency across key industry verticals, including insurance, healthcare and financial services. It also caters to verticals like wireless, real estate and general commercial/business information. Possession of both nationwide consumer credit data and comprehensive, diverse public records data, enables the company to better predict behavior, assess risk and address a broader set of business issues for its customers.
TRU is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Business Services stock. TRU has a Momentum Style Score of B, and shares are up 16.2% over the past four weeks.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.01 to $4.75 per share. TRU also boasts an average earnings surprise of +6.3%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TRU should be on investors' short list.
On July 02, 2026, TransUnion TRU shares rose 5.2% to a current price of $78.31. The stock is trading within a 52-week range of $63.37 to $99.39, reflecting a significant fluctuation over the past year.
GF Value™ verdict: TransUnion is currently 18.9% undervalued with a GF Value™ of $96.58.GF Score™ of 89/100 indicates a strong overall performance relative to peers.Notable signal: Insiders sold $1.8M in the last 3 months, indicating a lack of buying interest. Is TRU Overvalued or Undervalued? TransUnion's current price of $78.31 is significantly below its GF Value™ estimate of $96.58, suggesting that the stock is undervalued by approximately 18.9%. This price discrepancy presents a potential opportunity for investors, as the margin of safety appears favorable. The GF Valuation label indicates that the stock is modestly undervalued, which aligns with the positive valuation metrics observed.
However, potential investors should consider the risks associated with this opportunity, particularly given the recent insider selling activity. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. This methodology provides a comprehensive perspective on the company's current valuation compared to its historical performance.
How Does TRU's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 21.7x 44.2x Forward P/E 16.4x N/A TransUnion's current P/E ratio of 21.7x is significantly below its 5-year median P/E of 44.2x, indicating that the stock is trading at a lower valuation compared to its historical levels. The forward P/E of 16.4x further supports the notion that the stock is undervalued when considering future earnings potential. This analysis aligns with the GF Value™ verdict, suggesting that TRU is currently undervalued based on its historical trading multiples.
What Does TRU's GF Score™ Tell Us? Metric Rating GF Score™ 89 Financial Strength 5/10 Profitability 8/10 Growth 10/10 Valuation 8/10 Momentum 5/10 The GF Score™ of 89/100 indicates that TransUnion performs strongly across various metrics. Notably, the company excels in growth, with a perfect score of 10/10, suggesting robust growth potential moving forward. However, its financial strength is rated at just 5/10, indicating some concerns in this area. Overall, the combination of strong profitability and growth with moderate financial strength presents a balanced view of the company's operational health.
What Are Insiders Doing with TRU Stock? In the past three months, insiders have sold approximately $1.8 million worth of TransUnion stock, with no notable buying activity reported. This pattern of selling may suggest a lack of confidence from insiders in the company's short-term prospects, which could be a concern for potential investors. The absence of insider purchasing typically raises red flags, as it may indicate that those with the most intimate knowledge of the company's operations do not see an immediate upside.
What This Means for Investors Based on the assessment of GF Value™, TransUnion appears to be undervalued at its current price of $78.31. While there is a notable upside potential according to the GF Value™ estimate, investors should exercise caution given the insider selling activity. This suggests that while the valuation may be attractive, it is essential to remain aware of potential risks.
For the complete analysis, visit the TransUnion TRU 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 TRU's GF Score™?
TransUnion has a GF Score™ of 89/100, indicating a strong overall performance relative to its peers, suggesting it may generate higher long-term returns.
Is TRU overvalued or undervalued?
TransUnion is currently undervalued, with a GF Value™ estimate of $96.58, representing an 18.9% upside from its current price.
What is TRU's P/E ratio?
The P/E ratio for TransUnion is 21.7x, which is significantly below its 5-year median P/E of 44.2x, indicating the stock is trading at a lower valuation compared to its historical levels.
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].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
CHICAGO, June 30, 2026 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) will publish its financial results for the second quarter ended June 30, 2026, in a press release to be issued at approximately 6:00 a.m. Central Time (CT) on Tuesday, July 28, 2026. The company will hold a conference call on the same day at 8:30 a.m. (CT) to discuss its financial results. The press release and a live webcast of the earnings conference call will be available on the TransUnion Investor Relations website at http://www.transunion.com/tru.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
CHICAGO, June 25, 2026 (GLOBE NEWSWIRE) -- Real estate professionals face an increasingly challenging environment, hindered by prolonged housing inventory stagnation and persistent economic uncertainty. As speculation grows around potential mortgage rate cuts or increases, a new report from TransUnion (NYSE: TRU) provides actionable insights to help agents plan for either scenario.
The report predicts changes in the number of mortgage-ready renters across metropolitan statistical areas (MSAs), based on a 25 basis-point increase or decrease from a 6.5% mortgage interest rate. It maps the impact across four categories:
Rate-Cut Winners — MSAs expected to see the most growth from a rate decrease and the smallest decline from a rate increase (includes Muncie, Indiana and Decatur, Illinois)Rate Hike Soft Markets — MSAs projected to experience the most losses from a rate increase and the least growth from a rate decrease (includes Springfield, Ohio and Warner-Robins, Georgia)Rate Sensitive Markets — MSAs with above average growth for rate decreases and above average loss for rate increases (includes Waterloo-Cedar Falls, Iowa and Battle Creek, Michigan)Rate Resilient Markets — MSAs with below average growth for a rate decrease and below average loss for a rate increase (includes San Francisco-Oakland-Fremont, California and Honolulu, Hawaii) Major cities, like New York, Los Angeles and Chicago fit squarely into the Rate Resilient Markets category. Large urban areas have greater variability of incomes and housing prices that make them less sensitive to interest rate changes for home buying activity.
The research defines mortgage-ready renters as those that meet key criteria to qualify for a mortgage on a $300,000 home. It estimates the size of this potential first-time homebuyer segment across MSAs nationwide. The full findings are available in the TransUnion Real Estate Perspectives Report.
“Real estate professionals work extraordinarily hard to serve their clients and build business,” said Melanie Zimmerman, President of TransUnion Risk and Alternative Data Solutions, Inc.1 “TransUnion provides the tools and intelligence to help them work smarter and get ahead of the market, rather than reacting to it.”
Preparing to meet demand
Even if mortgage rates decrease, tight housing inventory will continue to constrain the market, making it difficult for buyers to secure homes. The report highlights the need for real estate professionals to strengthen supply before demand surges.
As more mortgage-ready renters enter the market, some property managers may choose to sell rental properties instead of finding new tenants. Real estate professionals can use TransUnion’s TruLookup for Real Estate—a mobile-first app that generates property owner name and contact information—to identify rental property owners and engage them about potential sale opportunities. The solution also provides fraud prevention, safety checks and broader prospecting enablement.
“These findings help real estate professionals focus their prospecting efforts,” added Zimmerman. “Markets with more mortgage-ready renters may also see more property managers who consider selling those properties rather than continue renting.”
Read the full TransUnion Real Estate Perspectives Report here.
Click here to learn more about how to use TruLookup for Real Estate and drive more efficient, effective prospecting.
TransUnion Risk and Alternative Data Solutions, Inc. (TRADS), is a TransUnion (NYSE: TRU) company. TRADS is not a credit reporting agency. TruLookup for Real Estate is provided by TRADS and is not a Consumer Report as defined in the Fair Credit Reporting Act.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business
Credit delinquencies showed signs of stabilizing during a period of relative economic stability Mortgage balances continued to climb, while delinquency rates returned to pre-pandemic levelsRegional delinquency trends highlight diverging risk profiles across the provinces TORONTO, June 23, 2026 (GLOBE NEWSWIRE) -- Gen Z is emerging as the fastest growing and most dynamic segment in the Canadian credit market, according to TransUnion analysis released alongside the Q1 2026 Credit Industry Insights Report (CIIR). As more Gen Z consumers enter the financial ecosystem and become credit eligible, growth in credit demand and supply, coupled with year-over-year (YoY) improvements in credit performance, has supported this trend.
The number of credit active Gen Z consumers increased by more than 460,000 new participants YoY, a 7.8% rise – the fastest growth across all generations. At the same time, Gen Z borrowers also took on more non-mortgage debt, with average balances up more than 9% YoY, outpacing other generations. This suggests a shift beyond early credit adoption toward higher credit utilization, as more Gen Z consumers expand their wallet profiles with additional credit products.
Recent borrowing patterns among Gen Z consumers reflect demand for products offering accessible funding, streamlined approval processes and flexible repayment options, which suggest increased use of credit for day-to-day expenses rather than longer-term borrowing. While this group generally holds a higher share of credit card and personal loan debt, older Gen Z consumers are beginning to participate in secured loans, such as auto loans and mortgages. Although Gen Z currently carries lower overall debt on average than other generations, their balances may continue to grow as more consumers enter the market and existing borrowers move through additional life stages.
Non-Mortgage Balance Per Consumer by Generation Q1 2025
Avg. non-mortgage balance per consumerQ1 2026
Avg. non-mortgage balance per consumerYoY Change (%)Gen Z$12,483$13,6219.1%Millennials$28,048$29,7476.1%Gen X$41,234$42,2262.4%Baby Boomers$25,177$25,128-0.2%Silent Generation$10,318$10,252-0.6%Source: TransUnion Canada Credit Database Gen Z consumers are significantly less likely to be scored in above prime risk tiers than the overall population, which is largely due to their shorter credit histories and thinner credit files on average. Currently, 19.9% of Gen Z consumers are considered super prime, compared to 42.2% of the total population. However, many Gen Z consumers are still early in their credit journeys and have potential for future score improvements and broader access to credit products over time access to the right products and data, as demonstrated by prior TransUnion studies.
Despite higher balances and participation, credit performance among Gen Z consumers improved across all levels of delinquency over the past year, showing that fewer Gen Z consumers have fallen behind on payments. However, Gen Z still had the highest incidence of delinquency compared to other generations, reflecting their earlier stage in the credit lifecycle and lower credit scores.
Serious Delinquency Rates by Generation Q1 2025
Serious Delinquency (Consumer-level 90_ DPD)Q1 2026
Serious Delinquency (Consumer-level 90_ DPD)YoY Change (bps)Gen Z2.86%2.75%-11Millennials2.41%2.39%-2Gen X1.76%1.74%-2Baby Boomers0.93%0.91%-2Silent Generation0.86%0.83%-3Source: TransUnion Canada Credit Database Overall growth among older generations may moderate over the next three to five years as consumers continue to pay down existing debt and slow their rate of new borrowing. As a result, younger borrowers may represent an increasingly important segment of future credit growth, while remaining relatively early in their credit journeys.
“The Canadian credit market is transitioning to a phase of stabilizing risk, with signs of normalization. While Gen Z continues to exhibit higher delinquency rates than other generations, they have shown the strongest year-over-year improvement in credit performance, signaling improving credit performance trends,” said Matt Fabian, senior director of financial services research and consulting at TransUnion Canada. “These trends may create opportunities for lenders to balance risk management and growth objectives, particularly in high-demand segments like Gen Z.”
Canadian Consumer Credit Delinquencies Show Signs of Stabilization
Canadian consumers are showing signs that credit stress may be stabilizing, with serious delinquency rates across major lending products remaining above pre-2023 levels but rising more slowly or remaining flat in recent quarters. Total consumer delinquency (90+ days past due) rose from 1.48% in early 2022 to 1.86% in Q1 2026, with most products peaking in early 2025 before stabilizing.
Delinquencies across most product categories showed slight YoY increases in Q1 2026, but the pace of change slowed, signaling potential stabilization. Credit cards and lines of credit began to level off, while personal loans showed continued strain in repayment performance. Auto lending also showed higher delinquencies, likely driven by higher vehicle costs, financing rates and other market conditions, with fraud potentially contributing to elevated delinquency levels. Mortgage delinquencies, while low compared to historic levels, have gradually increased over the past two years, indicating continued pressure in secured lending.
Consumer Level Serious Delinquency by Product Cards 90 DPDAuto 60DPDLOC 60DPDInstall 60DPDMortgage 60DPDQ1 20240.91%0.91%0.40%2.06%0.23%Q1 20250.99%0.92%0.47%2.52%0.26%Q1 20260.98%0.96%0.45%2.60%0.29%YoY-1 4 -2 8 3 Source: TransUnion Canada Credit Database At the national level, serious consumer delinquency rates are showing signs of stabilization, although underlying performance continues to vary significantly across provinces. As of Q1 2026, total consumer delinquency (90+ days past due) across all credit products edged slightly lower YoY to 1.86%, which suggests that, while elevated, overall credit stress may be leveling off.
Regional differences have become more pronounced, highlighting differing economic conditions across the country. Alberta remains an outlier, with delinquency rising to 2.43%, up 6 basis points YoY, consistent with regions tied to industries that are historically more volatile and sensitive to economic conditions.
In contrast, several provinces have seen meaningful improvement. Manitoba, Newfoundland and Labrador, Nova Scotia and British Columbia all recorded YoY declines, which may indicate improving or stabilizing credit conditions in parts of the country.
Ranking Consumer-Level Delinquency Rate (90+ Days Past Due) On Any Credit Product by Province Q1 2024Q1 2025Q1 2026Y/YCanada1.76%1.88%1.86%-2AB2.21%2.37%2.43%6NB2.16%2.13%2.03%-10ON1.82%2.00%2.00%0MB2.11%2.13%1.96%-17NS2.06%2.04%1.95%-9SK2.00%1.97%1.95%-2NL2.00%1.91%1.79%-12PEI1.86%1.85%1.76%-9BC1.69%1.76%1.71%-5QC1.29%1.37%1.36%-1Source: TransUnion Canada Credit Database Mortgage Balances Continued to Grow as Delinquency Normalizes Amid Renewals
Mortgage balances continued to grow, with total outstanding balances rising 3.85% YoY to $1.91 trillion. The average mortgage balance also increased 4.3% to $290,528, which may reflect ongoing affordability pressures.
Mortgage delinquencies have also trended upward through late 2025 and into early 2026, with the national 90+ day rate reaching 0.19% in Q1 2026, up from 0.16% a year earlier. Despite this recent increase, delinquency rates remain broadly consistent with pre-pandemic levels.
Historical Mortgage Delinquency Rates Q1 2019Q1 2023Q1 202630+ Days past Due0.55%0.35%0.50%60+ Days Past Due0.28%0.17%0.28%90+ Days Past Due0.18%0.11%0.19%Source: TransUnion Canada Credit Database Balance-level delinquency has risen faster than account-level delinquency, with the 30+, 60+ and 90+ days past due balance-level delinquency rate increasing 13.8%, 23.9% and 29.3% YoY respectively. This suggests that higher-balance loans are disproportionately represented in delinquency, amplifying potential loss severity even as overall delinquency rates remain contained.
Mortgage delinquency trends varied across Canada, suggesting localized pressure rather than widespread deterioration. Ontario and Prince Edward Island saw the largest increases in early‑stage delinquency, while British Columbia experienced modest growth and Quebec remained stable.
In contrast, most Prairie provinces and parts of Atlantic Canada recorded lower delinquency rates, led by Newfoundland and Labrador, Alberta and Saskatchewan. Despite these improvements, delinquency levels remained highest in Saskatchewan and Newfoundland and Labrador, highlighting continued regional variation in mortgage performance.
Mortgage 30+ Day Delinquency By Province Q1 2025Q1 2026YoY (bps)PE0.49%0.57%8ON0.46%0.54%7BC0.41%0.44%3NB0.58%0.59%1QC0.39%0.39%0NS0.61%0.59%-1MB0.60%0.58%-2AB0.62%0.58%-4SK0.68%0.64%-4NL0.68%0.63%-6Source: TransUnion Canada Credit Database “While delinquency rates remain low by historical standards, the upward trend may reflect increasing affordability pressures as higher interest rates, elevated housing costs and persistent cost‑of‑living challenges continue to weigh on household finances, particularly in higher‑priced urban markets,” Fabian said. “Delinquencies remain historically low, but rising balance sizes and affordability pressure are beginning to show, potentially indicating a gradual shift toward higher‑severity risk, particularly in Canada’s more expensive housing markets.”
Consumer Credit Index Remains Flat Year-Over-Year Despite Slow Long-Term Decline
In Q1 2026, Canada's Consumer Credit Industry Indicator (CII) rose one point from the prior quarter but remained unchanged YoY at 100.4. This stability may reflect a combination of continued positive balance behavior, a slight rise in delinquency rates and consistent levels of credit supply and demand. However, over the long term, the CII has been gradually declining from its post-pandemic peak in 2023.
Source: TransUnion Canada Credit Database
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NEW ORLEANS, June 17, 2026 (GLOBE NEWSWIRE) -- Rental applicants with unusually high numbers of recent credit inquiries pose the greatest fraud risk for property managers, according to TransUnion (NYSE: TRU) research released today at Apartmentalize 2026. Applicants with 15 or more credit inquiries in the seven days prior to applying for a lease showed the highest rate of charge-offs within one year, at 32%, compared with nearly 9% for the overall sample.
The research identified the top 15 fraud indicators based on their ability to help predict a negative outcome within 12 months after a renter applied for a lease. Another leading indicator was having eight or more credit inquiries within four days, further underscoring the predictive strength of unusually high inquiry activity.
TransUnion analyzed more than 1.1 million renters who moved during 2024 and tracked charge-offs within one year after moving as a proxy for fraud-related risk.
Top Five Fraud Indicators on Renter Applications
Type of IndicatorPercentage of Renters Who Have Charge-offs Within 12 Months of Applying15 or more credit inquiries within the past seven days32%Current address is a truck stop30%Eight or more credit inquiries within the past four days23%Extended fraud alert on file22%Listed phone number is governmental20%
“The average rental housing provider writes off nearly $1 million in bad debt due to fraudulent rental applications,” said Maitri Johnson, senior vice president and head of tenant and employment screening at TransUnion. “These findings help property managers focus on the warning signs most associated with elevated risk and make more confident screening decisions.”
The research also tracked which major MSAs saw the highest amounts of fraud indicators among their renters compared to the national average. Detroit ranked first with 6.7%, followed by Atlanta (6.1%) and Houston (5.6%). Other notable MSAs with higher fraud alerts included: Phoenix (4.9%), Los Angeles (4.4%), Chicago (4.2%) and San Francisco (4.1%).
“Strong screening and fraud technology tools are a must in today’s environment for property managers to spot fraud before it’s too late, and income verification can serve as an important first line of defense,” said Johnson.
For this reason and many others, TransUnion partnered with industry income verification leader Snappt. The partnership incorporates Snappt’s Applicant Trust Platform into TransUnion’s TruVision™ Resident Screening to deliver a seamless and unified screening/income verification workflow to property managers.
Learn more about TruVision Resident Screening here.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business
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Stock to Watch: TransUnion (TRU - Free Report) Headquartered in Chicago, IL, TransUnion is one of the leading global providers of risk and information solutions to businesses and consumers. The company provides consumer reports, risk scores, analytical services and decision-making capabilities to businesses. What sets TransUnion apart are its distinctive and comprehensive datasets, next-generation technology and its analytics and decision-making capabilities — which enable it to deliver insights across the complete consumer lifecycle. TransUnion boasts rich domain proficiency across key industry verticals, including insurance, healthcare and financial services. It also caters to verticals like wireless, real estate and general commercial/business information. Possession of both nationwide consumer credit data and comprehensive, diverse public records data, enables the company to better predict behavior, assess risk and address a broader set of business issues for its customers.
TRU is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Business Services stock. TRU has a Momentum Style Score of A, and shares are up 4.3% over the past four weeks.
For fiscal 2026, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $4.81 per share. TRU boasts an average earnings surprise of +6.3%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TRU should be on investors' short list.
