TransUnion (NYSE: TRU) (the “Company”) today announced financial results for the quarter and full-year ended December 31, 2025.

  • Exceeded revenue, Adjusted EBITDA and Adjusted Diluted Earnings Per Share guidance
  • Delivered 13 percent revenue growth, or 12 percent organic constant currency
  • Drove 19 percent U.S. Financial Services and 16 percent Emerging Verticals revenue growth
  • Repurchased approximately $150 million of shares in fourth quarter for a total of $300 million in 2025
  • Raised quarterly dividend to $0.125 per share, an increase from $0.115, effective fourth quarter of 2025
  • Introducing 2026 financial guidance, we expect to deliver 8 to 9 percent revenue growth

Fourth Quarter 2025 Results

Revenue:

  • Total revenue for the quarter was $1,171 million, an increase of 13 percent (12 percent on an organic constant currency basis), compared with the fourth quarter of 2024.

Earnings:

  • Net income attributable to TransUnion was $101 million for the quarter, compared with $66 million for the fourth quarter of 2024. Diluted earnings per share was $0.52, compared with $0.34 for the fourth quarter of 2024. Net income attributable to TransUnion margin was 9 percent, compared with 6 percent for the fourth quarter of 2024.
  • Adjusted Net Income was $208 million for the quarter, compared with $192 million for the fourth quarter of 2024. Adjusted Diluted Earnings Per Share was $1.07, compared with $0.97 for the fourth quarter of 2024.
  • Adjusted EBITDA was $417 million for the quarter, an increase of 10 percent (10 percent on a constant currency basis) compared with the fourth quarter of 2024. Adjusted EBITDA margin was 35.6 percent, compared with 36.5 percent for the fourth quarter of 2024.

Chris Cartwright, President and CEO“TransUnion finished the year strongly with results that again exceeded financial guidance,” said Chris Cartwright, President and CEO. “Revenue growth of 13 percent was led by continued strength in U.S. Markets, with Financial Services growing 19 percent and Emerging Verticals accelerating to 16 percent growth. Results reflected broad-based performance, with credit, marketing and fraud solutions each growing healthy double-digits.”

“We expect another strong year in 2026, supported by stable trends and innovation-led commercial momentum. Introducing our initial guidance, we expect revenue to grow 8 to 9 percent and Adjusted Diluted EPS to grow 8 to 10 percent.”

“Our results and guidance reflect the ongoing benefits of our multi-year strategic transformation. We plan to share more about our technology modernization, product innovation and strengthening commercial outcomes, alongside an updated medium-term financial framework, at our Investor Day on March 10.”

Fourth Quarter 2025 Segment Results

Segment revenue and Adjusted EBITDA for the fourth quarter of 2025, which includes the revenue from Monevo in Consumer Interactive and United Kingdom and the corresponding Adjusted EBITDA in U.S. Markets and International, and the related growth rates compared with the fourth quarter of 2024 were as follows:

Fourth Quarter 2025 Segment Results

Full Year 2025 Results

Revenue:

Total revenue for the year was $4,576 million, an increase of 9 percent (10 percent on a constant currency basis) compared with 2024.

Earnings:

  • Net income attributable to TransUnion was $455 million for the year, compared with $284 million in 2024. Diluted earnings per share was $2.32, compared with $1.45 in 2024. Net income attributable to TransUnion margin was 10 percent, compared with 7 percent in 2024.
  • Adjusted Net Income was $846 million for the year, compared with $769 million in 2024. Adjusted Diluted Earnings Per Share was $4.30, compared with $3.91 in 2024.
  • Adjusted EBITDA was $1,646 million for the year, compared to $1,506 million in 2024, an increase of 9 percent (an increase of 10 percent on a constant currency basis) compared with 2024. Adjusted EBITDA margin was 36.0 percent, compared with 36.0 percent in 2024.

Liquidity and Capital Resources

Cash and cash equivalents were $854 million at December 31, 2025 and $679 million at December 31, 2024.

For the year ended December 31, 2025, cash provided by operating activities was $988 million compared with $832 million in 2024. The increase in cash provided by operating activities was due primarily to improved operating performance, lower interest expense and a penalty paid for the early termination of a facility lease in 2024, partially offset by higher income tax payments and higher bonus payouts in 2025. For the year ended December 31, 2025, cash used in investing activities was $332 million for 2025 compared with $307 million in 2024. The increase in cash used in investing activities was due primarily to our acquisition of Monevo, an increase in capital expenditures and current year investments in a convertible note receivable, partially offset by proceeds from a note receivable associated with a prior year divestiture. Capital expenditures as a percent of revenue represented 7% for 2025 and 8% for 2024. For the year ended December 31, 2025, cash used in financing activities was $495 million compared with $309 million in 2024. The increase in cash used in financing activities was due primarily to share repurchases in 2025, partially offset by higher debt prepayments in 2024.

TransUnion’s Board of Directors has declared a cash dividend of $0.125 per share for the fourth quarter of 2025. The dividend will be payable on March 13, 2026, to shareholders of record on February 26, 2026.

On February 11, 2026, the Company increased its borrowing capacity under its Senior Secured Revolving Credit Facility to $1.0 billion. All other key terms of the Senior Secured Revolving Credit Facility remained unchanged.

First Quarter and Full Year 2026 Outlook

Our guidance is based on a number of assumptions that are subject to change, many of which are outside of the control of the Company, including general macroeconomic conditions, interest rates and inflation. There are numerous evolving factors that we may not be able to accurately predict. There can be no assurance that the Company will achieve the results expressed by this guidance.

Transunion First Quarter and Full Year 2026 Outlook

  1. Additional revenue growth assumptions:
    1. The impact of changing foreign currency exchange rates is expected to be approximately 1 point of benefit for Q1 2026 and immaterial for FY 2026.
    2. The impact of our Monevo acquisition is expected to be immaterial for Q1 2026 and FY 2026.
    3. The impact of mortgage is expected to be approximately 4 points of benefit for Q1 2026 and approximately 3 points of benefit for FY 2026.
  2. Constant currency growth rates assume foreign currency exchange rates are consistent between years. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates.
  3. Organic constant currency growth rates are constant currency growth excluding inorganic growth. Inorganic growth represents growth attributable to the first twelve months of activity for recent business acquisitions.
  4. Additional Adjusted EBITDA assumptions:
    1. The impact of changing foreign currency exchange rates is expected to be approximately 1 point of benefit for Q1 2026 and immaterial for FY 2026.
  5. For a reconciliation of the above non-GAAP financial measures to the most directly comparable GAAP financial measures, refer to Schedule 7 of this Earnings Release.

Earnings Webcast Details

In conjunction with this release, TransUnion will host a conference call and webcast today at 8:30 a.m. Central Time to discuss the business results for the quarter and certain forward-looking information. This session and the accompanying presentation materials may be accessed at www.transunion.com/tru. A replay of the call will also be available at this website following the conclusion of the call.

About TransUnion (NYSE: TRU)

TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

http://www.transunion.com/business

Availability of Information on TransUnion’s Website

Investors and others should note that TransUnion routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the TransUnion Investor Relations website. While not all of the information that the Company posts to the TransUnion Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in TransUnion to review the information that it shares on  www.transunion.com/tru.


Source: Transunion Full Earnings Release