Equifax Inc
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −1.15%.
Did EFX Beat Earnings? Q4 2025 Results
Equifax closed out fiscal 2025 on a strong note, posting fourth-quarter revenue of $1.55 billion, up 9.2% year over year and ahead of the $1.53 billion consensus estimate, while adjusted EPS of $2.09 edged past the $2.05 Wall Street forecast by 1.95%, even as a $30 million legal settlement charge weighed on the bottom line. The standout driver was USIS, which grew 12% to $526.90 million, powered by a 33% surge in mortgage revenue that more than offset softness in the broader U.S. hiring and mortgage markets. Workforce Solutions contributed as well, rising 9% to $652.20 million on the strength of government and consumer lending verification demand, while a Vitality Index of 17% underscored the company's momentum in new product innovation. Looking ahead, management guided full-year 2026 revenue to a midpoint of $6.72 billion, representing roughly 10.5% growth, with adjusted EPS of $8.50, up approximately 11%, a forecast that drew a Buy upgrade from at least one major Wall Street firm citing multi-year acceleration in Workforce Solutions.
- U.S. Mortgage revenue up 20% despite decline in underlying mortgage market
- Workforce Solutions Verification Services Diversified Markets revenue growth of 11%
- Strong Government revenue growth in low double digits
- Consumer Lending revenue growth in mid double digits
- USIS Mortgage revenue growth of 33%
- New product innovation with 17% Vitality Index
“Equifax delivered strong fourth quarter revenue of $1.551 billion, up 9% on both a reported and local currency basis, that was $30 million above the midpoint of our October guidance. This was led by strong 20% U.S. Mortgage revenue growth, strong Workforce Solutions Government revenue growth, and continued momentum in New Product Innovation with a Vitality Index of 17% despite headwinds from the U.S. Mortgage and Hiring markets.”
Equifax CEO, on the earnings call
Forward Guidance & Outlook
Equifax issued full-year 2026 guidance with a revenue midpoint of $6.72 billion (range $6.660B-$6.780B), representing approximately 10.5% reported growth and approximately 10% organic constant currency growth. Full-year 2026 Adjusted EPS guidance midpoint is $8.50 per share (range $8.30-$8.70), up 11% versus 2025. Adjusted EBITDA is expected at approximately $2.12 billion, up about 10%. Q1 2026 guidance calls for revenue of $1.597B-$1.627B and Adjusted EPS of $1.63-$1.73. Guidance assumes the U.S. mortgage market is down low single digits in 2026 and that 100% of mortgage credit scores will be FICO scores. Management expects significant margin expansion as customers convert to lower-priced Vantage scores.
EFX YoY Financials
EFX Revenue by Segment
EFX Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.