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Posted by Defense World Staff on Apr 6th, 2026

Phocas Financial Corp. bought a new position in Goosehead Insurance (NASDAQ:GSHD – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 49,812 shares of the company’s stock, valued at approximately $3,669,000. Phocas Financial Corp. owned about 0.14% of Goosehead Insurance at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after acquiring an additional 269 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after acquiring an additional 393 shares during the period. Fifth Third Bancorp raised its stake in Goosehead Insurance by 71.4% in the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after acquiring an additional 284 shares during the period. Covestor Ltd lifted its holdings in Goosehead Insurance by 52.3% during the third quarter. Covestor Ltd now owns 1,177 shares of the company’s stock valued at $88,000 after purchasing an additional 404 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Goosehead Insurance during the fourth quarter worth about $88,000.

Wall Street Analyst Weigh In GSHD has been the subject of several recent research reports. Cantor Fitzgerald set a $84.00 target price on shares of Goosehead Insurance in a research note on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Goosehead Insurance in a research note on Wednesday, January 28th. Wall Street Zen raised shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. BMO Capital Markets reduced their price objective on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a research note on Wednesday, February 18th. Finally, Piper Sandler raised shares of Goosehead Insurance from a “neutral” rating to an “overweight” rating and set a $69.00 target price on the stock in a report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $77.60.

Get Our Latest Stock Analysis on Goosehead Insurance

Insiders Place Their Bets In other news, Director Louis Goldberg bought 5,575 shares of the stock in a transaction on Friday, February 20th. The shares were acquired at an average cost of $44.85 per share, for a total transaction of $250,038.75. Following the purchase, the director directly owned 5,575 shares of the company’s stock, valued at $250,038.75. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 48.35% of the company’s stock.

Goosehead Insurance Price Performance GSHD stock opened at $42.44 on Monday. The firm has a market capitalization of $1.55 billion, a PE ratio of 40.81, a PEG ratio of 3.03 and a beta of 1.69. Goosehead Insurance has a twelve month low of $40.00 and a twelve month high of $124.40. The stock has a 50-day simple moving average of $50.21 and a two-hundred day simple moving average of $64.29.

Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. Goosehead Insurance had a net margin of 7.62% and a negative return on equity of 21.31%. The firm had revenue of $78.20 million for the quarter, compared to the consensus estimate of $99.67 million. During the same period in the prior year, the firm posted $0.79 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities research analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

About Goosehead Insurance (Free Report)

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.

Featured Stories Five stocks we like better than Goosehead Insurance Want to see what other hedge funds are holding GSHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goosehead Insurance (NASDAQ:GSHD – Free Report).

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April 15, 2026 10:30 ET  | Source: Goosehead Insurance, Inc.

WESTLAKE, Texas, April 15, 2026 (GLOBE NEWSWIRE) -- Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), announced today that it will report its first quarter 2026 results after the market close on Wednesday, April 22, 2026.

The Company will hold a conference call to discuss results at 4:30 PM ET on April 22nd. To access the call by phone, participants should go to this link (registration link), and you will be provided with the dial in details. A live webcast of the conference call will also be available on Goosehead’s investor relations website at ir.gooseheadinsurance.com.

A webcast replay of the call will be available at ir.gooseheadinsurance.com for one year following the call.

About Goosehead

Goosehead (NASDAQ: GSHD) is a rapidly growing and innovative independent personal lines insurance agency that distributes its products and services through corporate and franchise locations throughout the United States. Goosehead was founded on the premise that the consumer should be at the center of our universe and that everything we do should be directed at providing extraordinary value by offering broad product choice and a world-class service experience. Goosehead represents over 200 insurance companies that underwrite personal and commercial lines. For more information, please visit goosehead.com or goosehead.com/become-a-franchisee.

Contacts

Investor Contact:

Maddie Middleton
Goosehead Insurance – Investor Relations
Phone: (972) 800-1993
E-mail: [email protected]; [email protected]

PR Contact:

Mission North for Goosehead Insurance
Email: [email protected]; [email protected]

– Total Revenue Increased 23% and Core Revenue* Grew 15% over the Prior-Year Period –
– Total Written Premium increased 13% to $1.1 billion over the Prior-Year Period –
– Net Income of $8.0 million versus Net Income of $2.6 million a year ago –
– Adjusted EBITDA* up 57% over Prior-Year Period to $24.4 million –
– Repurchased $49.8 million of shares during the quarter at an average price of $50.54 –

WESTLAKE, Texas, April 22, 2026 (GLOBE NEWSWIRE) -- Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), a rapidly growing independent personal lines insurance agency, today announced results for the first quarter ended March 31, 2026.

First Quarter 2026 Highlights

Total Revenues grew 23% over the prior-year period to $93.1 million in the first quarter of 2026First quarter Core Revenues* of $79.5 million increased 15% over the prior-year periodFirst quarter net income of $8.0 million increased from net income of $2.6 million a year ago.EPS of $0.20 per share increased 122% and Adjusted EPS* of $0.37 per share increased 45%, over the prior-year periodNet income margin for the first quarter was 9%Adjusted EBITDA* of $24.4 million increased 57% from $15.5 million in the prior-year periodAdjusted EBITDA Margin* increased 6 percentage points over the prior-year period to 26%Total written premiums placed for the first quarter increased 13% over the prior-year period to $1.1 billionPolicies in force grew 14% from the prior-year period to approximately 1,973,000Corporate agent headcount of 482 increased 13% compared to the prior-year periodTotal franchise producers of 2,150 increased 3% from the prior-year period *Core Revenue, Adjusted EPS, Adjusted EBITDA, and Adjusted EBITDA Margin are non-GAAP measures. Reconciliations of Core Revenue to total revenues, Adjusted EPS to basic earnings per share and Adjusted EBITDA to net income, the most directly comparable financial measures presented in accordance with GAAP, are set forth in the reconciliation table accompanying this release.

“This quarter we took another leap forward in building out our industry leading digital distribution platform. Our Digital Agent 2.0, which first launched with the capability of digitally binding multiple auto carriers in Texas, has now officially expanded to include multiple homeowners products.” said Mark Miller, CEO. “We believe it is a game changer that we have the first end-to-end digital insurance marketplace in the United States. We’ve also made significant progress in further deploying AI into our business in ways that generate real efficiency gains, which we are reinvesting back into further enhancing the client experience and driving long term sustainable growth. We look forward to executing our technology roadmap and delivering strong financial results in the quarters to come.”

First Quarter 2026 Results
For the first quarter of 2026, revenues were $93.1 million, an increase of 23% compared to the corresponding period in 2025. Core Revenues, a non-GAAP measure which excludes contingent commissions, initial franchise fees, interest income, and other franchise revenues, were $79.5 million, a 15% increase from $69.1 million in the prior-year period. Core Revenues are the most reliable revenue stream for the Company, consisting of New Business Commissions, Agency Fees, New Business Royalty Fees, Renewal Commissions, and Renewal Royalty Fees. Core Revenue growth was primarily driven by an increase in policies in their renewal term, assisted by Client Retention of 85%, as well as more new policies written, driven by an increase in the number of Corporate and Franchise sales agents and growth in Franchise productivity. The Company grew total written premiums, which we consider to be the leading indicator of future revenue growth, by 13% in the first quarter compared to the corresponding period in prior year.

Total operating expenses for the first quarter of 2026 were $78.1 million, up from $69.0 million in the prior-year period. Total operating expenses, excluding equity-based compensation, depreciation and amortization, impairment and other gains and losses* for the first quarter of 2026 were $68.7 million, up 14% from $60.1 million in the prior-year period. Employee compensation and benefits increased to $50.5 million from $48.3 million in the prior-year period. Employee compensation and benefits, excluding equity-based compensation* increased to $44.3 million from $42.1 million in the prior-year period. The increases were primarily due to investments in corporate producers and technology functions. Equity-based compensation remained flat at $6.2 million for the period, compared to $6.2 million in the prior-year period. General and administrative expenses increased to $24.0 million from $17.6 million in the prior-year period. General and administrative expenses, excluding impairment and other gains and losses*, increased to $24.0 million from $17.6 million primarily due to investments in technology, including AI technologies, and professional services to drive growth and continue to improve the client experience. Bad debt expense of $0.4 million remained flat compared to the prior-year period.

Net income in the first quarter of 2026 was $8.0 million versus net income of $2.6 million in the prior-year period. Earnings per share and Net Income Margin for the first quarter of 2026 were $0.20 and 9%, respectively. Adjusted EPS for the first quarter of 2026, which excludes equity-based compensation, impairment expense, and other gains and losses, was $0.37 per share. Total Adjusted EBITDA was $24.4 million for the first quarter of 2026 compared to $15.5 million in the prior-year period. Adjusted EBITDA Margin of 26% increased 6 percentage points in the quarter. 

*Total operating expenses, excluding equity-based compensation, depreciation and amortization, impairment and other gains and losses; Employee compensation and benefits, excluding equity-based compensation; and General and administrative expenses, excluding impairment and other gains and losses are non- GAAP measures. For the definition and reconciliation of each non-GAAP measure, see “Reconciliation of Non-GAAP Measures to GAAP” below.

Liquidity and Capital Resources
As of March 31, 2026, the Company had cash and cash equivalents of $25.7 million. We have a line of credit of $75.0 million, of which $26.0 million was drawn as of March 31, 2026. Total outstanding term note payable balance was $297.8 million as of March 31, 2026. During the quarter ended March 31, 2026, the Company repurchased and retired 985 thousand shares at an average share price of $50.54. As of March 31, 2026, $148.5 million remained available under the share repurchase authorization.

2026 Outlook
Our guidance for the full year 2026 is as follows:

Total revenues are expected to grow organically between 10% and 19%.Total written premiums are expected grow between 12% and 20%. Conference Call Information
Goosehead will host a conference call and webcast today at 4:30 PM ET to discuss these results.

To access the call by phone, participants should go to this link (registration link), and you will be provided with the dial in details.

In addition, a live webcast of the conference call will also be available on Goosehead’s investor relations website at http://ir.gooseheadinsurance.com.

A webcast replay of the call will be available at http://ir.gooseheadinsurance.com for one year following the call.

About Goosehead
Goosehead (NASDAQ: GSHD) is a rapidly growing and innovative independent personal lines insurance agency that distributes its products and services through corporate and franchise locations throughout the United States. Goosehead was founded on the premise that the consumer should be at the center of our universe and that everything we do should be directed at providing extraordinary value by offering broad product choice and a world-class service experience. Goosehead represents over 200 insurance companies that underwrite personal and commercial lines. For more information, please visit goosehead.com or goosehead.com/become-a-franchisee.

Forward-Looking Statements
This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Goosehead’s expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address future operating, financial or business performance or Goosehead’s strategies or expectations. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, “outlook” or “continue”, or the negative of these terms or other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.

Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, conditions impacting insurance carriers or other parties with which Goosehead does business, the loss of one or more key executives or an inability to attract and retain qualified personnel and the failure to attract and retain highly qualified franchisees. These risks and uncertainties also include, but are not limited to, those described under the captions “1A. Risk Factors” in Goosehead’s Annual Report on Form 10-K for the year ended December 31, 2025 and in Goosehead’s other filings with the SEC, which are available free of charge on the Securities Exchange Commission's website at: www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to Goosehead or to persons acting on behalf of Goosehead are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and Goosehead does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.

Contacts
Investor Contacts:
Maddie Middleton
Goosehead Insurance - Senior Director of Investor Relations
Phone: (972) 800-1993
Email: [email protected]; [email protected];

PR Contact:
Mission North for Goosehead Insurance
Email: [email protected]; [email protected] 

 Goosehead Insurance, Inc.
Consolidated Statements of Operations
(Unaudited)
(In thousands, except per share amounts)
   Three Months Ended March 31,  2026
 2025
Revenues:    Commissions and agency fees $38,685  $29,423 Franchise revenues  54,274   45,971 Interest income  117   189 Total revenues  93,076   75,583 Operating Expenses:    Employee compensation and benefits  50,527   48,334 General and administrative expenses  23,969   17,559 Bad debts  373   406 Depreciation and amortization  3,212   2,670 Total operating expenses  78,081   68,969 Income from operations  14,995   6,614 Other Income:    Interest expense  (5,472)  (5,823)Other income  267   168 Income before taxes  9,790   959 Tax expense (benefit)  1,745   (1,687)Net Income  8,045   2,646 Less: net income attributable to noncontrolling interests  3,156   304 Net Income attributable to Goosehead Insurance, Inc. $4,889  $2,342 Earnings per share:    Basic $0.20  $0.09 Diluted $0.19  $0.09 Weighted average shares of Class A common stock outstanding:    Basic  24,269   24,791 Diluted  36,640   25,943  Goosehead Insurance, Inc.
Consolidated Statements of Operations
(Unaudited)
(In thousands, except per share amounts)
   Three Months Ended March 31,  2026
 2025
Revenues:    Core Revenue:    Renewal Commissions(1) $        18,162  $        16,952 Renewal Royalty Fees(2)          43,594           37,244 New Business Commissions(1)          7,452           5,755 New Business Royalty Fees(2)          7,886           6,929 Agency Fees(1)          2,385           2,240 Total Core Revenue          79,479           69,120 Cost Recovery Revenue:    Initial Franchise Fees(2)          1,609           1,342 Interest Income          117           189 Total Cost Recovery Revenue          1,726           1,531 Ancillary Revenue:    Contingent Commissions(1)          10,686           4,476 Other Franchise Revenues(2)          1,185           456 Total Ancillary Revenue          11,871           4,932 Total Revenues          93,076           75,583 Operating Expenses:    Employee compensation and benefits, excluding equity-based compensation          44,310           42,098 General and administrative expenses, excluding impairment          23,969           17,559 Bad debts          373           406 Total          68,652           60,063 Adjusted EBITDA          24,424           15,520 Adjusted EBITDA Margin  26 %  21 %     Interest expense          (5,472)          (5,823)Depreciation and amortization          (3,212)          (2,670)Tax (expense) benefit          (1,745)          1,687 Equity-based compensation          (6,217)          (6,236)Impairment and other gains and losses          —           — Other income          267           168 Net Income $        8,045  $        2,646 Net Income Margin  9 %  4 % (1)Renewal Commissions, New Business Commissions, Agency Fees, and Contingent Commissions are included in "Commissions and agency fees" as shown on the Condensed Consolidated Statements of Operations within Goosehead’s Form 10-Q for the three months ended March 31, 2026 and 2025.(2)Renewal Royalty Fees, New Business Royalty Fees, Initial Franchise Fees, and Other Franchise Revenues are included in "Franchise revenues" as shown on the Condensed Consolidated Statements of Operations within Goosehead’s Form 10-Q for the three months ended March 31, 2026 and 2025. Goosehead Insurance, Inc.
Consolidated Balance Sheets
(Unaudited) 
(In thousands, except par value amounts)
   March 31, December 31,  2026
 2025
Assets    Current Assets:    Cash and cash equivalents $25,652  $34,390 Restricted cash  3,436   3,547 Commissions and agency fees receivable, net  15,785   36,613 Receivable from franchisees, net  14,554   11,141 Prepaid expenses  13,863   7,552 Total current assets  73,290   93,243 Receivable from franchisees, net of current portion  1,822   2,936 Property and equipment, net of accumulated depreciation  22,493   21,549 Right-of-use asset  32,689   34,087 Intangible assets, net of accumulated amortization  44,061   39,700 Deferred income taxes, net  211,442   216,371 Other assets  7,016   6,978 Total assets $392,813  $414,864 Liabilities and Stockholders’ Equity    Current Liabilities:    Accounts payable and accrued expenses $31,002  $33,629 Premiums payable  3,436   3,547 Lease liability  9,039   8,666 Contract liabilities  2,931   3,241 Note payable  2,993   2,993 Liabilities under tax receivable agreement  6,237   6,237 Total current liabilities  55,638   58,313 Lease liability, net of current portion  48,784   51,168 Note payable, net of current portion  314,917   289,461 Contract liabilities, net of current portion  11,974   13,025 Liabilities under tax receivable agreement, net of current portion  165,685   165,685 Total liabilities  596,998   577,652 Class A common stock, $0.01 par value per share - 300,000 shares authorized, 23,671 shares issued and outstanding as of March 31, 2026, 24,653 shares issued and outstanding as of December 31, 2025  237   247 Class B common stock, $0.01 par value per share - 50,000 shares authorized, 11,935 issued and outstanding as of March 31, 2026, 11,935 shares issued and outstanding as of December 31, 2025  119   119 Additional paid in capital  6,839   37,486 Accumulated deficit  (128,467)  (133,356)Total stockholders' equity  (121,272)  (95,504)Non-controlling interests  (82,913)  (67,284)Total equity  (204,185)  (162,788)Total liabilities and equity $392,813  $414,864 
Goosehead Insurance, Inc.
Reconciliation of Non-GAAP Measures to GAAP

This release includes certain financial performance measures that are not required by, nor presented in accordance with, generally accepted accounting principles in the United States (“GAAP”). The Company refers to these measures as “non-GAAP financial measures.” The Company uses these non-GAAP financial measures when planning, monitoring and evaluating its performance and considers these non-GAAP financial measures to be useful metrics for management and investors to facilitate operating performance comparisons from period to period by excluding potential differences caused by variations in capital structures, tax position, depreciation, amortization and certain other items that the Company believes are not representative of its core business. The Company uses these non-GAAP financial measures for business planning purposes and in measuring its performance relative to that of its competitors.

These non-GAAP financial measures are defined by the Company as follows:

"Core Revenue" is a supplemental measure of our performance and includes Renewal Commissions, Renewal Royalty Fees, New Business Commissions, New Business Royalty Fees, and Agency Fees. We believe that Core Revenue is an appropriate measure of operating performance because it summarizes all of our revenues from sales of individual insurance policies."Cost Recovery Revenue" is a supplemental measure of our performance and includes Initial Franchise Fees and Interest Income. We believe that Cost Recovery Revenue is an appropriate measure of operating performance because it summarizes revenues that are viewed by management as cost recovery mechanisms."Ancillary Revenue" is a supplemental measure of our performance and includes Contingent Commissions and Other Franchise Revenues. We believe that Ancillary Revenue is an appropriate measure of operating performance because it summarizes revenues that are ancillary to our core business."Adjusted EBITDA" is a supplemental measure of the Company's performance. We believe that Adjusted EBITDA is an appropriate measure of operating performance because it eliminates the impact of items that do not relate to business performance. Adjusted EBITDA is defined as net income (the most directly comparable GAAP measure) before interest, income taxes, depreciation and amortization, adjusted to exclude equity-based compensation, impairment expense, and other non-operating items, including, among other things, certain non-cash charges and certain non-recurring or non-operating gains or losses."Adjusted EBITDA Margin" is Adjusted EBITDA as defined above, divided by total revenue. Adjusted EBITDA Margin is helpful in measuring profitability of operations on a consolidated level."Adjusted EPS" is a supplemental measure of our performance, defined as earnings per share (the most directly comparable GAAP measure) before non-recurring or non-operating income and expenses. Adjusted EPS is a useful measure to management and our investors because it eliminates the impact of items that do not relate to business performance and helps measure our profitability on a consolidated level.“Total operating expenses, excluding equity-based compensation, depreciation and amortization, and impairment expenses” is defined as total operating expenses (the most directly comparable GAAP measure) before equity-based compensation, depreciation and amortization, and impairment expenses. This measure is useful to management and our investors as it eliminates the impact of certain non-cash charges.“Employee compensation and benefits, excluding equity-based compensation” is defined as Employee compensation and benefits (the most directly comparable GAAP measure) before equity-based compensation. This measure is useful to management and our investors as it eliminates the impact of certain non-cash compensation charges.“General and administrative expenses, excluding impairment” is defined as general and administrative expenses (the most directly comparable GAAP measure) before impairment expense. This measure is useful to management and our investors as it eliminates the impact of certain non-cash charges. While the Company believes that these non-GAAP financial measures are useful in evaluating its business, this information should be considered as supplemental in nature and is not meant as a substitute for revenues, net income, or earnings per share, in each case as recognized in accordance with GAAP. In addition, other companies, including companies in the Company’s industry, may calculate such measures differently, which reduces their usefulness as comparative measures.

The following tables show a reconciliation from total revenues to Core Revenue, Cost Recovery Revenue, and Ancillary Revenue (non-GAAP basis) for the three months ended March 31, 2026 and 2025 (in thousands):

 Three Months Ended
March 31, 2026
 2025
Total Revenues$93,076 $75,583    Core Revenue:   Renewal Commissions(1)$18,162 $16,952Renewal Royalty Fees(2) 43,594  37,244New Business Commissions(1) 7,452  5,755New Business Royalty Fees(2) 7,886  6,929Agency Fees(1) 2,385  2,240Total Core Revenue 79,479  69,120Cost Recovery Revenue:   Initial Franchise Fees(2) 1,609  1,342Interest Income 117  189Total Cost Recovery Revenue 1,726  1,531Ancillary Revenue:   Contingent Commissions(1) 10,686  4,476Other Franchise Revenues(2) 1,185  456Total Ancillary Revenue 11,871  4,932Total Revenues$93,076 $75,583 (1)Renewal Commissions, New Business Commissions, Agency Fees, and Contingent Commissions are included in "Commissions and agency fees" as shown on the Condensed Consolidated Statements of Operations.(2)Renewal Royalty Fees, New Business Royalty Fees, Initial Franchise Fees, and Other Franchise Revenues are included in "Franchise revenues" as shown on the Condensed Consolidated Statements of Operations.   The following tables show a reconciliation from net income to Adjusted EBITDA and Adjusted EBITDA Margin (non-GAAP basis) for the three months ended March 31, 2026 and 2025 (in thousands):

  Three Months Ended
March 31,  2026
 2025
Net Income $        8,045  $        2,646 Interest expense          5,472           5,823 Depreciation and amortization          3,212           2,670 Tax expense (benefit)          1,745           (1,687)Equity-based compensation          6,217           6,236 Impairment and other gains and losses          —           — Other income          (267)          (168)Adjusted EBITDA $        24,424  $        15,520 Net Income Margin(1)  9 %  4 %Adjusted EBITDA Margin(2)  26 %  21 % (1)Net Income Margin is calculated as Net Income divided by Total Revenue: ($8,045/$93,076) and ($2,646/$75,583) for the three months ended March 31, 2026 and 2025, respectively.(2)Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided by Total Revenue: ($24,424/$93,076), and ($15,520/$75,583) for the three months ended March 31, 2026 and 2025, respectively.
The following tables show a reconciliation from basic earnings per share to Adjusted EPS (non-GAAP basis) for the three months ended March 31, 2026 and 2025. Note that totals may not sum due to rounding:

  Three Months Ended
March 31,  2026
 2025
Earnings per share - basic (GAAP) $0.20 $0.09Add: equity-based compensation(1)  0.17  0.17Adjusted EPS (non-GAAP) $0.37 $0.26 (1)Calculated as equity-based compensation divided by sum of weighted average Class A and Class B shares: [$6.2 million/(24.3 million + 11.9 million)] for the three months ended March 31, 2026, [$6.2 million/ (24.8 million + 12.6 million)] for the three months ended March 31, 2025. Goosehead Insurance, Inc.Key Performance Indicators   March 31, 2026 December 31, 2025 March 31, 2025Corporate sales agents < 1 year tenured  275   261   254 Corporate sales agents > 1 year tenured  207   228   172 Operating franchises < 1 year tenured  77   87   100 Operating franchises > 1 year tenured  879   922   998 Franchise Producers < 1 Year  625   545   520 Franchise Producers > 1 Year  1,525   1,568   1,577 Total Franchise Producers  2,150   2,113   2,097 QTD Corporate Agent Productivity < 1 Year (1) $16,577  $13,728  $14,960 QTD Corporate Agent Productivity > 1 Year (1) $25,284  $22,735  $27,793 QTD Franchise Productivity < 1 Year (2) $19,023  $17,861  $13,904 QTD Franchise Productivity > 1 Year (2) $37,443  $29,089  $30,551 Policies in Force  1,973,000   1,900,429   1,729,000 Client Retention  85 %  85 %  84 %Premium Retention  89 %  90 %  98 %QTD Written Premium (in thousands) $1,133,953  $1,090,130  $1,000,231 Net Promoter Score ("NPS")  72   77   87 
(1) - Corporate Productivity is New Business Production per Agent (Corporate): The New Business Revenue collected related to corporate sales, divided by the average number of full-time corporate sales agents for the same period. This calculation excludes interns, part-time sales agents and partial full-time equivalent sales managers.

(2) - Franchise Productivity is New Business Production per Agency: The gross commissions paid by Carriers and Agency Fees received related to policies in their first term sold by franchise sales agents, prior to paying Royalty Fees to the Company, divided by the average number of franchises for the same period.

Goosehead Insurance (GSHD - Free Report) came out with quarterly earnings of $0.3 per share, beating the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +50.00%. A quarter ago, it was expected that this insurance company would post earnings of $0.54 per share when it actually produced earnings of $0.64, delivering a surprise of +18.52%.

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

Goosehead, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $93.08 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 9.93%. This compares to year-ago revenues of $75.58 million. The company has topped consensus revenue estimates three 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.

Goosehead shares have lost about 39.4% since the beginning of the year versus the S&P 500's gain of 3.2%.

What's Next for Goosehead?While Goosehead 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 Goosehead was unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform 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 $0.52 on $104.4 million in revenues for the coming quarter and $2.04 on $415.98 million 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, Insurance - Multi line is currently in the bottom 41% 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.

One other stock from the same industry, Enact Holdings, Inc. (ACT - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.

This company is expected to post quarterly earnings of $1.26 per share in its upcoming report, which represents a year-over-year change of +14.6%. The consensus EPS estimate for the quarter has been revised 2.6% higher over the last 30 days to the current level.

Enact Holdings, Inc.'s revenues are expected to be $312.26 million, up 0.7% from the year-ago quarter.

Goosehead Insurance, Inc. (GSHD) Q1 2026 Earnings Call Transcript

Goosehead Insurance delivered strong Q1 results, with revenue up 23% and adjusted EBITDA up 57%, yet faces secular headwinds. AI-driven disintermediation and persistently weak customer retention (85%) pose significant long-term risks to GSHD's agency model. NPS deterioration from 87 to 72 and slow retention improvement highlight potential service and satisfaction issues amid ongoing automation.

SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc.(NASDAQ: SOFI), the everything app for digital financial services, today announced the launch of SoFi Coach, an AI-powered chat that delivers personalized financial insights. SoFi Coach is rolling out today, starting with SoFi Plus members. Built alongside SoFi's team of financial planners, SoFi Coach helps members track, budget, save, and invest, all within the SoFi app. “The formula for getting your money right is simple: spend less than.

SoFi (SOFI +5.13%) and Robinhood (HOOD +6.80%) are two of the most popular financial technology, or fintech, stocks in the market. Robinhood has been the better performer over the past few years, but with both stocks beaten down, which is the best choice right now?

*Stock prices used were the morning prices of June 3, 2026. The video was published on June 4, 2026.

Matt Frankel, CFP has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

SoFi (SOFI +5.13%) announced a new product called SoFi Coach this week that could move the company into the financial advisor role for customers, helping them budget and lower costs by optimizing finances. This will create more products and could also upend the economics of the financial advisor business that's prevalent today. For SoFi, it's a tailwind that could drive the company forward for many years to come.

*Stock prices used were end-of-day prices of June 4, 2026. The video was published on June 4, 2026.

Travis Hoium has positions in Robinhood Markets and SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

If you're seeking stocks that seem like bargains because they have seemingly low prices, such as shares trading for less than $20 apiece, understand that a $20-per-share stock can be wildly overvalued and likely to fall, while a $215-per-share stock -- such as Nvidia, as of June 3 -- can be undervalued and likely to rise.

Consider SoFi Technologies (SOFI +5.13%) for your portfolio. It was trading for $16.68 per share as of June 3, and it also seems attractively valued.

Image source: The Motley Fool.

SoFi Technologies is a financial services company, and one that aims to be a one-stop digital shop for all things financial for its customers. The company brags: "13.7 million members trust SoFi to borrow, save, spend, invest, and protect their money and buy, sell, and hold their crypto -- all in one app -- and get access to financial planners, exclusive experiences, and a thriving community. Fintechs, financial institutions, and brands use SoFi's technology platform Galileo to build and manage innovative financial solutions across 128 million global accounts."

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In its first quarter, SoFi Technologies posted net revenue up 41% year over year and 1.1 million new members. It relaunched its SoFi Plus suite of offerings with a $10-a-month subscription model, which should drive valuable recurring revenue.

SoFi Technologies' shares have averaged annual gains of 36% over the past three years and have gained nearly 30% over the past year. They're down 32% year to date, partly because of a short-seller report), putting them back in attractive territory, with a recent forward-looking price-to-earnings (P/E) ratio of 27.

SoFi Technologies, like lots of great stocks, can make you a millionaire if you have enough time and invest meaningful sums in it. Imagine, for example, that you invest $1,000 per month in it and it averages 12% annual returns over 20 years. That would get you to just about $1 million. (Of course, for best results, you should spread your money across lots of promising stocks, so as not to have too many eggs in one basket.)

Selena Maranjian has positions in Nvidia and SoFi Technologies. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.

SoFi Technologies stock is building positive momentum. Why are SOFI shares climbing? What Is SoFiUSD And Its Impact On SOFI?SoFiUSD is now available for members to buy, sell, hold and convert directly in the SoFi app, keeping the stock sensitive to crypto-adjacent sentiment swings even when the broader tape is doing the heavy lifting. Traders have also been quick to fade the initial move at times, treating the rollout as a near-term catalyst rather than a full re-rating event.

In parallel, retail-trading chatter has been getting a boost from SpaceX IPO prospectus language circulating about up to 30% of shares potentially allocated to retail, well above the typical retail slice, an angle that can temporarily lift expectations for brokerage engagement. That matters for SOFI because IPO-access headlines can pull more activity into brokerage funnels even before any deal timeline is clear.

Critical Price Levels For SOFI To WatchSoFi is trading just 0.1% below its 20-day SMA ($16.31) and 2.7% below its 50-day SMA ($16.75), which keeps it in a "stuck in the middle" zone where bounces can stall if buyers don't quickly reclaim the 50-day. Zooming out, it's still trading 12.8% below the 100-day SMA ($18.69) and 29.3% below the 200-day SMA ($23.06), so the longer-term trend still looks like repair rather than a clean uptrend.

RSI is 45.63, a neutral reading that suggests momentum isn't stretched and the stock is still searching for direction after the May swing low and April swing high. In plain English, RSI helps gauge whether buying or selling pressure is getting "overdone," and this level points more to consolidation than a breakout.

The moving-average structure still carries bearish baggage: the 20-day SMA is below the 50-day SMA, and the death cross (50-day below 200-day) that occurred in March remains a longer-term headwind. That setup often means rallies need follow-through quickly, or they risk rolling back into the broader downtrend.

Key Support: $15.00 — a nearby round-number level that sits not far below current price and lines up as a practical "line in the sand" if the recent rebound starts to fail. What Is SoFi Technologies And Its Business Model?SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning.

The company intends to be a one-stop shop for its clients’ finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking, so product rollouts like SoFiUSD matter because they can drive engagement and cross-sell over time.

SoFi Technologies Benzinga Edge Rankings ExplainedBelow is the Benzinga Edge scorecard for SoFi Technologies, highlighting its strengths and weaknesses compared to the broader market:

Momentum: Weak (Score: 12.1) — The stock's recent trend strength is lagging, which fits with price still sitting well below longer-term moving averages. Growth: Strong (Score: 98.21) — The scorecard is flagging a growth-forward profile, which is why product-driven narratives can have an outsized impact on sentiment. The Verdict: SoFi Technologies’ Benzinga Edge signal reveals a growth-heavy profile with weak momentum. For longer-term bulls, that often means the story hinges on execution and follow-through, while technicians may want to see momentum improve and key moving averages reclaimed before getting more aggressive.

SOFI Stock Price Movement In Premarket TradingSOFI Stock Price Activity: At the time of publication, SoFi Technologies shares were up 0.25% at $16.07 on Monday, according to Benzinga Pro data.

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SoFi Technologies (SOFI +5.13%), a digital financial services platform, closed Monday at $16.50, up 2.93%. The stock moved higher alongside fintech peers as its stablecoin rollout continues to attract attention.

Trading volume reached 77.1 million shares, coming in nearly 15% above its three-month average of 67.1 million shares. SoFi Technologies IPO'd in 2021 and has grown 31% since going public.

How the markets moved todayS&P 500 (^GSPC +1.75%) added 0.30% to finish Monday at 7,406, while the Nasdaq Composite (^IXIC +2.54%) climbed 0.86% to close at 25,930. Within fintech stocks, industry peers Robinhood Markets (HOOD +6.80%) closed up 3.12% at $85.04, and Interactive Brokers Group (IBKR +3.99%) gained 3.50% to finish $87.35 reflecting broad brokerage strength.

What this means for investorsSoFi has fallen by more than 40% in the past six months, reflecting valuation and momentum concerns. However, fresh institutional buying boosted the stock today, renewing positive sentiment from May’s SoFiUSD stablecoin launch and last week’s news of an AI-powered financial coach that gives users personalized financial advice.

Stablecoins are blockchain versions of traditional money, and SoFi’s move combines the low-cost, speedy transactions of the blockchain with the security of the U.S. dollar and the consumer protections of a U.S. national bank. SoFi’s move puts it ahead of the curve in an emerging industry that could change payments and financial infrastructure.

Both announcements reflect the company’s pioneering approach to finances, which is driving a growing customer base. Its price rebound could mark the start of a turnaround and an opportunity to pick up a promising fintech at a discount.

Emma Newbery has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Interactive Brokers Group. The Motley Fool recommends the following options: long January 2027 $43.75 calls on Interactive Brokers Group and short January 2027 $46.25 calls on Interactive Brokers Group. The Motley Fool has a disclosure policy.

© PopTika / Shutterstock.com

Fintech consolidation remains a live theme as 2026 unfolds. Goldman Sachs analysts have flagged the potential for U.S. deregulation or reduced policy uncertainty to lead to increased shareholder payouts and debt-funded M&A, and pockets of the digital lending and payments stack trade at depressed valuations that would let a strategic buyer pay a premium without overspending. No deals have been announced for any of the three names below; all scenarios are speculative. We weighed each company on market cap relative to revenue, cash runway, growth trajectory, share buybacks, regulatory load, and credible strategic acquirers. The countdown is from least to most likely.

3. SoFi Technologies SoFi Technologies (NASDAQ: SOFI | SOFI Price Prediction) is the cleanest reason to rank a name at the bottom of an acquisition list. With a market capitalization of roughly $21.4 billion and a national bank charter, any buyer would inherit a bank holding company regulatory perimeter that few non-bank fintechs would be willing to absorb.

The business scales on its own. Q1 2026 revenue totaled $1.10 billion, up 41% year over year. EPS came in at $0.12, and net income totaled $166.73 million. Loan originations rose 68% to $12.18 billion, and deposits of $40.24 billion fund more than 90% of liabilities. Management guided FY2026 to roughly $4.655 billion in adjusted net revenue and $1.6 billion in adjusted EBITDA. CEO Anthony Noto described the model as “durable, compounding growth.” SoFi is a platform builder, with Galileo, a Mastercard tie-up, and a stablecoin product.

Shares trade near $16.50 against an analyst target of $21.00, and the forward multiple is near 29x. SoFi profiles as a strategic acquirer.

2. Flywire Flywire (NASDAQ: FLYW) is the mid-cap wildcard. The cross-border payments specialist carries a market cap of roughly $1.7 billion and posted Q1 2026 revenue of $188.11 million, up 41% year over year, with Total Payment Volume of $11.4 billion and adjusted EBITDA of $39.3 million. Verticals span education, healthcare, travel, and B2B, with travel now surpassing U.S. education amid U.S. visa headwinds that reduced volume by roughly 30%.

The acquisition logic fits Visa, Mastercard, or PayPal seeking niche cross-border rails. The counter-signal is that Flywire is behaving like an acquirer itself. The company purchased Sertifi, retired all non-voting common stock, and executed a $50 million accelerated buyback with $172 million remaining. Insider activity reinforces this: on June 1, CEO Michael Massaro disposed of 39,799 shares at $16.61, while President and COO Rob Orgel parted with 178,980 shares at $17.00 and CFO Cosmin Pitigoi sold 18,890 shares at $16.61.

With shares around $14.50, a buyer would need to pay a meaningful premium to a board that has just signaled its independent ambition.

1. Blend Labs Blend Labs (NYSE: BLND) is the cleanest takeover setup in this group. The mortgage and consumer banking software vendor carries a market cap of about $412 million, trades at an EV/revenue of 2.81, and is down 44.1% year to date and 53.7% over one year. Q1 2026 revenue rose 15.2% to $30.84 million, with non-GAAP gross margin expanding to 80% and pipeline up more than 40% year over year.

The most striking signal is insider behavior. HAVELI Investments, a 10% owner, has executed aggressive accumulation, including a single-day purchase of 1,000,000 shares on May 14, 2026, at $1.3256, with buying activity on 14 of the 26 trading days between May 11 and June 5 at prices ranging from $1.3256 to $1.60. The company repurchased 11.2 million shares for $18.6 million in Q1 2026. Analysts carry a target of $3.58, well above the current price near $1.70.

With stockholders’ equity of negative $55.9 million, depressed shares, attractive mortgage origination tech, and a concentrated owner accumulating near 52-week lows, Blend offers a larger fintech or bank a focused asset at a digestible price.

What to Watch Next The fintech M&A funnel in 2026 favors small, focused, mispriced vendors over regulated platforms. SoFi’s bank charter and scale anchor it as a strategic operator. Flywire’s buyback and acquisition cadence point to an independent path despite obvious strategic fit within the global networks. Blend is the cleanest setup: a sub-$500 million market cap, accumulating 10% owner, recovering margins, and a product that any large mortgage or consumer banking platform could absorb without regulatory friction. If 2026 produces a single fintech takeout from this group, Blend is the name with the most boxes checked.

With artificial intelligence (AI) offering high value in many different ways today, it was only a matter of time before it could help you manage your finances better. SoFi Technologies (SOFI +5.13%) is offering one of the first AI programs that syncs with your personal accounts through the SoFi app and offers targeted advice based on your individual financial standing.

Here's how SoFi's new product, SoFi Coach, works, and why it could be a game changer for the online bank. 

How SoFi is trying to reinvent banking SoFi isn't dramatically different from any other U.S. bank, aside from not having any physical branches, and it's not the only all-digital bank, either. But it's building its brand by offering a large array of services and focusing on innovation. Most of its recent launches focus on blockchain technology, which it's using to lower costs and increase speed related to financial management. Some examples are international money transfers and its just-introduced stablecoin.

Image source: SoFi.

Another way SoFi distinguishes itself is by offering access to some initial public offerings (IPO) directly. Anyone who has a SoFi investing account can submit an indication of interest (IOI) for any IPO listed in its IPO Investing Center, and as of June 4, that includes SpaceX. It's similar to a buy order for a current stock, but there's no guarantee the order will go through.

SpaceX has an ambitious IPO and has committed to allocating a higher percentage of shares to retail investors than the typical IPO. It needs to sell all that to reach the $75 billion it's looking to raise, making it more likely that retail investors will get the shares they want.

AI, IPOs, and more SoFi is now rolling out SoFi Coach, which has been in pilot testing as an AI-powered financial coach. It's available to SoFi account holders and connects with 12,000 financial institutions to get a complete picture of a user's finances, and it can analyze behavior and make suggestions. For example, it can track spending and help you budget, spot accounts that offer higher yields, and recommend debt-repayment plans. It can also go deeper and offer realistic paths to homeownership, or help you weigh decisions like whether it makes sense to pay off more credit card debt or more of your mortgage.

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In tests, almost 70% of users took action to improve their finances based on the Coach's recommendations. It offers real value for its members, who are often young and just starting out. This population is attracted to SoFi's ease of use, and AI tools are another way it resonates with this digital-savvy crowd. The tools improve through machine learning, and SoFi is planning to offer new agentic AI features through the coach.

SoFi is already onboarding new members at record levels -- 1.1 million in the first quarter, and the rate of cross-sell is increasing. SoFi's strategy is to grow with its young members, and offering data-heavy recommendations can lead to higher new-product adoption rates, plus bring in new members. Management is laying the groundwork for long-term success, and AI could be a game changer for SoFi to become a major destination for new members.

In the latest close session, SoFi Technologies, Inc. (SOFI - Free Report) was down 3.64% at $15.87. This move lagged the S&P 500's daily loss of 1.62%. Meanwhile, the Dow lost 1.87%, and the Nasdaq, a tech-heavy index, lost 1.98%.

The stock of company has risen by 3.58% in the past month, leading the Finance sector's gain of 0.94% and the S&P 500's loss of 0.03%.

Market participants will be closely following the financial results of SoFi Technologies, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.12, reflecting a 50% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.12 billion, up 30.44% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.59 per share and a revenue of $4.64 billion, signifying shifts of +51.28% and +29.09%, respectively, from the last year.

Investors should also take note of any recent adjustments to analyst estimates for SoFi Technologies, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.38% decrease. SoFi Technologies, Inc. is currently sporting a Zacks Rank of #4 (Sell).

In terms of valuation, SoFi Technologies, Inc. is presently being traded at a Forward P/E ratio of 27.99. This indicates a premium in contrast to its industry's Forward P/E of 10.33.

The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 151, this industry ranks in the bottom 39% of all industries, numbering over 250.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

SoFi Technologies, Inc. maintains my Buy rating despite recent legal and segment-specific headwinds, as the core growth thesis remains intact. SOFI's premium valuation is justified by 43% YoY revenue growth and robust net income, outpacing sector peers while trading at compressed multiples. Strategic acquisitions, notably Peach Finance, rebuild the Technology Platform's full-stack offering, addressing client retention and segment turnaround potential.

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

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

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

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

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

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

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

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

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

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

Is EFX overvalued or undervalued?

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

What is EFX's P/E ratio?

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

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

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

The research service features 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, all of which will help you become a smarter, more confident investor.

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

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

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

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

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

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

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

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

That's where the Style Scores come in.

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

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

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

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

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

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

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

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

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

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

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

That's where the Style Scores come in.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Equifax Canada® Market Pulse Quarterly Consumer Credit Trends and Insights

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Angie Andich
Equifax Canada Media Relations
[email protected]

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

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

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

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

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

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

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

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

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

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

Improving Delinquencies But Rising Write-Offs Suggest Normalization

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

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

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

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

Total Consumer Debt Balances

Month

Total Consumer Debt ($T)

MoM Change (%)

YoY Change (%)

January 2026

$18.21

0.1 %

2.9 %

February 2026

$18.19

-0.1 %

2.9 %

March 2026

$18.19

0.0 %

2.8 %

First Mortgage Balances

Month

First Mortgage Balances ($B)

MoM Change (%)

YoY Change (%)

January 2026

$12,827

0.0 %

3.1 %

February 2026

$12,854

0.2 %

3.1 %

March 2026

$12,860

0.1 %

2.8 %

Home Equity Lines of Credit (HELOC) Balances

Month

HELOC Balances ($B)

MoM Change (%)

YoY Change (%)

January 2026

$426.2

1.1 %

12.7 %

February 2026

$427.8

0.4 %

12.8

March 2026

$431.0

0.7 %

13.0 %

Auto Loan Balances

Month

Auto Loan Balances ($B)

MoM Change (%)

YoY Change (%)

January 2026

$1,594

0.3 %

0.7 %

February 2026

$1,594

0.0 %

0.7 %

March 2026

$1,599

0.4 %

1.5 %

Bankcard Balances

Month

Bankcard Balances ($B)

MoM Change %

YoY Change (%)

January 2026

$1,122.3

-0.1 %

4.0 %

February 2026

$1,100.1

-2.0 %

4.2 %

March 2026

$1,085.2

-1.4 %

3.9 %

Student Loans Balances

Month

Student Loan Debt ($B)

MoM Change %

YoY Change (%)

January 2026

$1,316

-1.0 %

-2.4 %

February 2026

$1,305

-0.8 %

–1.4%

March 2026

$1,302

-0.2 %

-0.9 %

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

*To view the included graphic, click here.

ABOUT EQUIFAX INC. 

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

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

SOURCE Equifax Inc.

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

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

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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 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 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 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 +23.7% 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.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

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.

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

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

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

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

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

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

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

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

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

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

myEquifax, as well as by phone or mail.

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

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

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

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

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

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

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

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

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

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

Angie Andich
Equifax Canada Media Relations
[email protected]