10-Q · July 21, 2026
Equifax delivered Q2 revenue of $1.7001 billion, up 11% year over year and about 3% sequentially, led by 17% USIS growth and growth across every reported segment. GAAP diluted EPS was essentially flat at $1.54, as…
Earnings analysis · 10-Q
EFX earnings analysis
Filed October 20, 2026 · Our reading of the company's report
The latest report
Equifax delivered $1.693 billion of third-quarter revenue and $2.26 of adjusted EPS, with adjusted EPS exceeding consensus by $0.06 and USIS revenue increasing 13% year over year. GAAP diluted EPS was $1.79, up from…
Read full summary
Equifax delivered $1.693 billion of third-quarter revenue and $2.26 of adjusted EPS, with adjusted EPS exceeding consensus by $0.06 and USIS revenue increasing 13% year over year. GAAP diluted EPS was $1.79, up from $1.54 in the prior quarter and $1.29 a year earlier, although sequential revenue declined approximately 0.4%. The outlook remains mixed: full-year revenue guidance was lowered to $6.65 billion-$6.68 billion because of mortgage weakness, while adjusted EPS guidance was reduced to $8.45-$8.55. The 10-Q disclosed no material changes to market-risk exposure or risk factors from the 2025 Form 10-K.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.79
- Segment
- U.S. Information Solutions (USIS) revenue increased 13% year over year.
- Segment
- Diversified Markets revenue growth guidance was maintained at high-single-digit percentage growth.
What stood out
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Revenue grew nearly 10% year over year
Third-quarter revenue was $1.693 billion, up approximately 9.9% from $1.54 billion in 2025's third quarter, though down approximately 0.4% from $1.70 billion in the immediately preceding quarter.
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EPS exceeded consensus
GAAP diluted EPS was $1.79, compared with $1.54 in the prior quarter and $1.29 in the year-ago quarter. Adjusted EPS was $2.26, exceeding the $2.20 consensus estimate by $0.06.
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USIS led broad-based growth
USIS was the leading segment, with revenue growth of 13% year over year, while management maintained high-single-digit growth expectations for Diversified Markets.
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Share repurchases continued
The company repurchased $92.0 million of common stock during the quarter and had approximately $1.4 billion remaining under its repurchase authorization at September 30, 2026.
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FCRA settlement advanced
The FCRA litigation settlement received preliminary court approval, with a final approval hearing scheduled for January 2027.
What to watch
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Mortgage weakness pressured outlook
Full-year 2026 revenue guidance was reduced to $6.65 billion-$6.68 billion, with the $6.661 billion midpoint lower because of weakness in the U.S. mortgage market.
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FCRA settlement remains unresolved
The FCRA class-action settlement remains subject to final approval at a January 2027 hearing; if approval is not obtained, the company expects to continue defending the action.
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Ongoing CFPB investigation
The CFPB investigation into data accuracy and dispute handling at Workforce Solutions remains ongoing after Civil Investigative Demands received in July 2023, March 2024, and August 2024; Equifax stated it cannot predict the outcome.
Management's outlook
Full-year 2026 reported revenue guidance was lowered to $6.65 billion-$6.68 billion, with the midpoint reduced to $6.661 billion because of a weaker U.S. mortgage market. Adjusted EPS guidance was reduced by $0.04 at the midpoint to $8.45-$8.55, while Diversified Markets growth guidance remained high single digit.
Earlier filings 4
10-Q · April 21, 2026
Equifax reported a strong quarter with revenue rising 14% year-over-year to $1,648.9 million and diluted EPS increasing to $1.42 from $1.06 a year ago. Revenue growth was broad-based (notably Online Information…
10-K · February 19, 2026
Equifax reiterates a cloud-first, data-asset driven growth strategy centered on a "custom single data fabric" and migration "to a public cloud environment" to accelerate AI/ML-enabled products and faster deployment. The…
10-Q · October 21, 2025
Equifax reported quarterly revenue of $1,544.9 million and diluted EPS of $1.29 for the three months ended September 30, 2025, driven by higher revenue and margin expansion versus the prior-year quarter. Gross margin…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.