ATLANTA, Feb. 4, 2026 /PRNewswire/ — Equifax® (NYSE: EFX) today announced financial results for the quarter and full year ended December 31, 2025.
- Fourth quarter 2025 revenue of $1.551 billion up 9% and $30 million above the midpoint of guidance, despite headwinds from U.S. Hiring and Mortgage markets.
- Fourth quarter U.S. Mortgage revenue up a very strong 20% despite decline in underlying Mortgage market.
- Workforce Solutions fourth quarter revenue up 9%. Verification Services revenue up 10% led by strong low double digit Government growth, with Diversified Markets (previously referred to as non-mortgage) growth of 11% and Mortgage growth of 10%.
- USIS fourth quarter revenue up 12% with strong Mortgage revenue growth of 33% and Diversified Markets revenue growth of 5%.
- International fourth quarter revenue up 7% on a reported basis with 5% growth on a local currency basis led by Latin America.
- Record fourth quarter Vitality Index of 17%, above our 10% long-term goal, leveraging new EFX Cloud and EFX.AI with double digit Vitality Index across all business units.
- Returned $561 million of cash to shareholders in the fourth quarter, including repurchasing 2.3 million shares for $500 million.
- 2025 free cash flow of $1.13 billion, up almost 40%, from strong operating performance and cash conversion.
- Issuing full-year 2026 guidance midpoint expectation for revenue of $6.72 billion, up about 10.5%, with constant currency organic revenue growth of about 10% and Adjusted EPS of $8.50 per share. This reflects an assumption that the U.S. mortgage market is down low single digits in 2026 as well as an assumption that 100% of mortgage credit scores will be FICO Scores.
“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. Workforce Solutions delivered 9% revenue growth, driven by Verification Services revenue growth of 10% led by Diversified Markets revenue growth of 11% from strong low double digit growth in Government and mid double digit growth in Consumer Lending businesses. USIS delivered strong revenue growth of 12%, well above their 6 to 8% Long Term Financial Framework. USIS revenue growth was led by very strong 33% Mortgage revenue growth and Diversified Markets revenue growth of 5%. International delivered 5% local currency revenue growth led by Latin America. We were pleased with the strong Equifax results in a challenging market environment and momentum into 2026 from our fourth quarter results,” said Mark W. Begor, Equifax Chief Executive Officer.
“Given our strong free cash flow and balance sheet, we returned $561 million of cash to shareholders in the Fourth quarter, including repurchasing 2.3 million Equifax shares for $500 million under our $3 billion share repurchase program. Our ability to deliver significant excess free cash flow to shareholders is a big milestone for Equifax as we move post-Cloud to fully focus on growth, innovation, new products, and free cash generation to continue investing in EFX for growth and return cash to shareholders.
We are issuing our full-year 2026 guidance midpoint expectation for revenue of $6.72 billion, up about 10.5% on a reported basis and about 10% on an organic constant currency basis. Our full year 2026 guidance midpoint expectation for Adjusted EBITDA is $2.12 billion, up about 10%, and for Adjusted EPS is $8.50 per share, up 11%, versus 2025. Our 2026 guidance reflects an assumption that the U.S. Mortgage market will be down low single digits in 2026 compared to 2025 as well as an assumption that 100% of mortgage credit scores will be FICO scores. As U.S. mortgage customers convert to the lower-priced and higher-performing Vantage scores, we expect significant margin expansion.
We continued to execute very well against our EFX2028 Strategic Priorities, despite market headwinds. We have pivoted to leveraging our new Cloud capabilities to accelerate New Product Innovation by leveraging our differentiated data assets, and investing in new products, data, analytics, and EFX.AI capabilities that are expected to drive growth in 2026 and beyond. We are energized about our momentum of the New Equifax but even more energized about our ability to deliver higher growth, margins, and accelerating free cash flow, and returning cash to shareholders in the future.”
Financial Results Summary
The Company reported revenue of $1,550.6 million in the fourth quarter of 2025, a 9% increase on both a reported and local currency basis compared to the fourth quarter of 2024.
Fourth quarter 2025 diluted EPS attributable to Equifax was $1.44 per share, up from $1.39 per share in the fourth quarter of 2024.
Net income attributable to Equifax of $175.8 million in the fourth quarter of 2025 was up 1% compared to $174.0 million in the fourth quarter of 2024.
For the full year 2025, revenue was $6,074.5 million, a 7% increase compared to 2024 on both a reported and local currency basis. Diluted EPS attributable to Equifax was $5.32 per share, up compared to $4.84 per share for the full year 2024. Net income attributable to Equifax was $660.3 million, up 9% compared to net income of $604.1 million for the full year 2024.
Workforce Solutions Fourth Quarter Results
- Total revenue was $652.2 million in the fourth quarter of 2025, up 9% compared to the fourth quarter of 2024. Operating margin for Workforce Solutions was 43.8% in the fourth quarter of 2025 compared to 43.1% in the fourth quarter of 2024. Adjusted EBITDA margin for Workforce Solutions was 51.3% in the fourth quarter of 2025 compared to 51.9% in the fourth quarter of 2024.
- Verification Services revenue was $557.0 million, up 10% compared to the fourth quarter of 2024.
- Employer Services revenue was $95.2 million, up 2% compared to the fourth quarter of 2024.
USIS Fourth Quarter Results
- Total revenue was $526.9 million in the fourth quarter of 2025, up 12% compared to the fourth quarter of 2024. Operating margin for USIS was 24.4% in the fourth quarter of 2025, flat compared to the fourth quarter of 2024. Adjusted EBITDA margin for USIS was 36.3% in the fourth quarter of 2025 compared to 38.3% in the fourth quarter of 2024.
- Online Information Solutions revenue was $447.9 million, up 13% compared to the fourth quarter of 2024.
- Financial Marketing Services revenue was $79.0 million, up 2% compared to the fourth quarter of 2024.
International Fourth Quarter Results
- Total revenue was $371.5 million in the fourth quarter of 2025, up 7% and up 5% compared to the fourth quarter of 2024 on a reported and local currency basis, respectively. Operating margin for International was 16.4% in the fourth quarter of 2025 compared to 17.4% in the fourth quarter of 2024. Adjusted EBITDA margin for International was 31.6% in the fourth quarter of 2025 compared to 32.5% in the fourth quarter of 2024.
- Latin America revenue was $107.5 million, up 8% compared to the fourth quarter of 2024 on a reported basis and up 6% on a local currency basis.
- Europe revenue was $108.7 million, up 9% compared to the fourth quarter of 2024 on a reported basis and up 4% on a local currency basis.
- Asia Pacific revenue was $87.2 million, up 4% compared to the fourth quarter of 2024 on both a reported and local currency basis.
- Canada revenue was $68.1 million, up 5% compared to the fourth quarter of 2024 on a reported basis and up 4% on a local currency basis.
Adjusted EPS and Adjusted EBITDA Margin
- Adjusted EPS attributable to Equifax was $2.09 in the fourth quarter of 2025, down 1% compared to the fourth quarter of 2024. Adjusted EBITDA margin was 32.8% in the fourth quarter of 2025 compared to 35.4% in the fourth quarter of 2024.
- Full year adjusted EPS attributable to Equifax was $7.65, up 5% compared to the prior year period. Full year adjusted EBITDA margin was 31.9% compared to 32.3% in 2024.
- These financial measures exclude certain items as described further in the Non-GAAP Financial Measures section below.
2026 First Quarter and Full Year Guidance
(1) Refer to page 9 for definitions. Additionally, the definitions can be found in the Non-GAAP Financial Measures here.
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 www.equifax.com.
Source: Equifax Earnings Release
