- Exceeded revenue, Adjusted EBITDA and Adjusted Diluted Earnings Per Share guidance
- Delivered 14 percent revenue growth, or 11 percent organic constant currency, led by U.S. Financial Services
- Completed the acquisition of majority ownership interest in Trans Union de Mexico
- Raising our full year 2026 financial guidance to reflect recent acquisitions while maintaining our organic constant currency growth assumptions
TransUnion (NYSE: TRU) (the “Company”) today announced financial results for the quarter ended March 31, 2026.
First Quarter 2026 Results
Revenue:
- Total revenue for the quarter was $1,246 million, an increase of 14 percent (13 percent on a constant currency basis and 11 percent on an organic constant currency basis), compared with the first quarter of 2025.
Earnings:
- Net income attributable to TransUnion was $397 million for the quarter, compared with $148 million for the first quarter of 2025 primarily due to a $225 million gain on our previously held equity interest in Trans Union de México, S.A., S.I.C. (“Trans Union de Mexico”), partially offset by a $56 million reduction of an accrual for a lawsuit that was dismissed in the first quarter of 2025. Diluted earnings per share was $2.04, compared with $0.75 in the first quarter of 2025. Net income attributable to TransUnion margin was 31.9 percent, compared with 13.5 percent in the first quarter of 2025.
- Adjusted Net Income was $230 million for the quarter, compared with $208 million for the first quarter of 2025. Adjusted Diluted Earnings per Share was $1.18, compared with $1.05 in the first quarter of 2025.
- Adjusted EBITDA was $438 million for the quarter, compared with $397 million for the first quarter of 2025, an increase of 10 percent (9 percent on a constant currency basis and 7 percent on an organic constant currency basis). Adjusted EBITDA margin was 35.2 percent, compared with 36.2 percent in the first quarter of 2025.
“In the first quarter, TransUnion delivered another strong quarter of outperformance,” said Chris Cartwright, President and CEO. “U.S. Markets revenue grew by 14 percent, led by U.S. Financial Services and Insurance. International was flat on an organic constant currency basis, with high-single digit growth in Canada and the U.K. and 10 percent growth in Africa.”
“We are raising our 2026 guidance primarily to reflect the completed acquisition of majority ownership in Trans Union de Mexico. Our guidance balances outperformance in the first quarter and healthy underlying trends against market uncertainty and prudent guidance conservatism.”
“As laid out during our Investor Day, we have entered a period of innovation-led and scalable growth, increasing cash generation, and accretive capital deployment. Over the course of the year, we expect strong free cash flow to enable debt prepayments and greater return of capital to shareholders.”
First Quarter 2026 Segment Results
Segment revenue, Adjusted EBITDA and the related growth rates in the table below include the results of Trans Union de Mexico beginning on the date we acquired the majority interest. The results of this business are reported in the International Segment within Latin America.
Liquidity and Capital Resources
Cash and cash equivalents was $733 million at March 31, 2026 and $854 million at December 31, 2025.
For the three months ended March 31, 2026, cash provided by operating activities was $84 million, compared with $53 million in 2025. The increase in cash provided by operating activities was due primarily to improved operating performance, partially offset by changes in working capital. For the three months ended March 31, 2026, cash used in investing activities was $587 million, compared with $87 million in 2025. The increase in cash used in investing activities was due primarily to our acquisition of Trans Union de Mexico, partially offset by proceeds from the sale of two Cost Method Investments and a prior year investment in a note receivable. For the three months ended March 31, 2026, capital expenditures were $65 million, compared with $68 million in 2025. Capital expenditures as a percentage of revenue represented 5% and 6%, respectively, for the three months ended March 31, 2026 and 2025. For the three months ended March 31, 2026, cash provided by financing activities was $401 million, compared with cash used in financing activities of $41 million in 2025. The increase in cash provided by financing activities was due primarily to borrowings from the Senior Secured Revolving Credit Facility for the purchase of Trans Union de Mexico, partially offset by dividends paid to shareholders of Trans Union de Mexico.
Second 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.
- Additional revenue growth assumptions:
- The impact of changing foreign currency exchange rates is expected to be immaterial for Q2 2026 and for FY 2026.
- The impact of the recent acquisitions is expected to be approximately 4 points of benefit for Q2 2026 and approximately 3.5 points of benefit for FY 2026.
- The impact of FICO mortgage royalty is expected to be approximately 3 points of benefit for Q2 2026 and approximately 3 points of benefit for FY 2026.
- 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.
- 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, including Trans Union de Mexico, the mobile division of RealNetworks LLC and Monevo.
- Additional Adjusted EBITDA assumptions:
- The impact of changing foreign currency exchange rates is expected to be immaterial for Q2 2026 and for FY 2026.
- 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
