- Delivered 8 percent revenue growth, or 11 percent organic constant currency excluding impact of last year’s large breach remediation win in our Consumer Interactive business
- Accelerated revenue growth in U.S. Financial Services and Emerging Verticals to 19 percent and 7.5 percent, respectively
- Increased pace of share repurchases to $160 million in third quarter and October, bringing year-to-date total to $200 million
- Increased share repurchase authorization up to $1 billion
- Raising 2025 financial guidance, we now expect to deliver 8 to 8.5 percent revenue growth
TransUnion (NYSE: TRU) (the “Company”) today announced financial results for the quarter ended September 30, 2025.
Third Quarter 2025 Results
Revenue:
Total revenue for the quarter was $1,170 million, an increase of 8 percent (8 percent on a constant currency basis and 7 percent on an organic constant currency basis), compared with the third quarter of 2024.
Earnings:
Net income attributable to TransUnion was $97 million for the quarter, compared with $68 million for the third quarter of 2024. Diluted earnings per share was $0.49, compared with $0.35 in the third quarter of 2024. Net income attributable to TransUnion margin was 8.3 percent, compared with 6.3 percent in the third quarter of 2024.
Adjusted Net Income was $216 million for the quarter, compared with $205 million for the third quarter of 2024. Adjusted Diluted Earnings per Share was $1.10, compared with $1.04 in the third quarter of 2024.
Adjusted EBITDA was $425 million for the quarter, compared with $394 million for the third quarter of 2024, an increase of 8 percent (8 percent on a constant currency basis). Adjusted EBITDA margin was 36.3 percent, compared with 36.3 percent in the third quarter of 2024.
“In the third quarter, TransUnion delivered strong results that again exceeded financial guidance,” said Chris Cartwright, President and CEO. “Revenue growth was 8 percent; excluding last year’s large breach remediation win, organic constant currency growth was 11 percent, our strongest underlying growth since 2021. Financial Services and Emerging Verticals growth accelerated to 19 percent and 7.5 percent, respectively. International grew 6 percent on an organic constant currency basis, with double-digit growth in the UK, Canada and Africa.”
“We are raising our 2025 guidance, supported by third quarter outperformance, stable U.S. lending trends, and strong commercial momentum. We now expect 8 to 8.5 percent revenue growth.”
“Our strong earnings growth, improving free cash flow generation and natural de-levering position us to accelerate the return of capital to shareholders. We have repurchased $200 million in shares year-to-date and increased our share repurchase program authorization to $1 billion. We view share repurchases as a highly attractive use of capital.”
Third Quarter 2025 Segment Results
Segment revenue and Adjusted EBITDA for the third 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 third quarter of 2024 were as follows:
Liquidity and Capital Resources
Cash and cash equivalents was $750 million at September 30, 2025 and $679 million at December 31, 2024.
For the nine months ended September 30, 2025, cash provided by operating activities was $668 million, compared with $579 million in 2024. The increase in cash provided by operating activities was primarily due to improved operating performance and lower interest expense in 2025 and a penalty paid for the early termination of a facility lease in 2024, partially offset by higher income tax payments, the timing of accounts receivable collections and higher bonus payouts in 2025 compared with 2024. For the nine months ended September 30, 2025, cash used in investing activities was $307 million, compared with $195 million in 2024. The increase in cash used in investing activities was primarily due to our acquisition of Monevo, an increase in capital expenditures and current year investments in a note receivable. For the nine months ended September 30, 2025, capital expenditures were $229 million, compared with $199 million in 2024. Capital expenditures as a percent of revenue represented 7% and 6%, respectively, for the nine months ended September 30, 2025 and 2024. For the nine months ended September 30, 2025, cash used in financing activities was $301 million, compared with $220 million in 2024. The increase in cash used in financing activities was primarily due to share repurchases in 2025, partially offset by higher debt prepayments in 2024.
Fourth Quarter and Full Year 2025 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.
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
