Equifax Inc
Q3 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −2.79%.
Did EFX Beat Earnings? Q3 2025 Results
Equifax delivered a clean beat across the board in Q3 2025, reporting revenue of $1.54 billion, up 7.2% year over year and ahead of the $1.52 billion consensus, while adjusted diluted EPS of $2.04 cleared the $1.94 estimate by 5.39%, supported by a 10% year-over-year gain in per-share earnings. The standout driver was USIS, which posted 11% growth, well above the segment's 6-8% long-term framework, with mortgage revenue alone surging 26% even as U.S. mortgage hard pull inquiry volumes fell 7% year over year. GAAP net income attributable to Equifax reached $160.20 million, up 13% from the prior year. Management lifted full-year 2025 guidance, raising the revenue midpoint by $40 million to a range of $6.03 billion to $6.06 billion and adjusted EPS guidance by $0.12 to $7.55 to $7.65, while free cash flow guidance moved to $950 million to $975 million. Citi maintained a Buy rating on the stock following the results, reflecting broader analyst confidence in Equifax's execution.
- Strong 13% U.S. Mortgage revenue growth despite decline in underlying mortgage market
- Workforce Solutions Government vertical high single digit growth
- USIS Mortgage revenue growth of 26%
- Non-Mortgage Verification Services revenue growth of 7%
- Double digit growth in Consumer Lending businesses
- New Product Innovation with Vitality Index of 16%
- International local currency growth of 7% led by Canada and Latin America
“Equifax delivered strong third quarter revenue of $1.545 billion, up 7% on both a reported and local currency basis, that was $25 million above the midpoint of our July Guidance. This was led by strong 13% U.S. Mortgage revenue growth, strong Workforce Solutions Government vertical results, and continued momentum in New Product Innovation with a Vitality Index of 16% despite headwinds from the U.S. Mortgage and Hiring markets.”
Equifax CEO, on the earnings call
Forward Guidance & Outlook
Equifax raised full-year 2025 guidance: reported revenue range of $6.030 billion to $6.060 billion (up $40 million at midpoint) with 6.1% to 6.7% reported growth and 6.5% to 7.1% local currency growth. Full-year adjusted EPS guidance raised to $7.55 to $7.65 (up $0.12 per share). Q4 2025 guidance calls for revenue of $1.506 billion to $1.536 billion with 6.1% to 8.2% reported growth and adjusted EPS of $1.98 to $2.08. Free cash flow guidance increased from $900+ million to $950 million to $975 million. Full-year Vitality Index raised to 13%. U.S. mortgage hard pull credit inquiries expected to be down high single digits in Q4 and full year 2025.
EFX YoY Financials
EFX Revenue by Segment
EFX Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.