Equifax^® (NYSE: EFX) today announced financial results for the quarter ended March 31, 2026.

• First quarter reported revenue of $1.649 billion, up a strong 14% with 13% local currency revenue growth and $37 million above the midpoint of our February guidance framework.
• Revenue outperformance driven by strong 38% U.S. Mortgage revenue growth from higher mortgage activity in first half of quarter before rates increased.
• Diversified markets revenue up 8% on a reported basis, up 6% in local currency led by Workforce Solutions growth.
• Workforce Solutions first quarter revenue up very strong 10%. Verification Services revenue up 14% led by strong mid double digit Government growth, with Diversified Markets up 14% and Mortgage growth of 14%.
• USIS first quarter revenue up strong 21% with very strong Mortgage revenue growth of 60% and Diversified Markets revenue growth of 3%.
• International first quarter revenue up 11% on a reported basis with 4% growth on a local currency basis with high single digit revenue growth in Canada.
• New Product Innovation leveraging the EFX Cloud, EFX.AI, and proprietary data delivered record level 17% new product Vitality Index.
• Returned $327 million in cash to shareholders through share repurchases and quarterly dividend.
• Maintaining full year constant dollar revenue growth guidance due to uncertainty around interest rates and U.S. mortgage activity from the Iran conflict. Increasing full year reported revenue by $25 million and Adjusted EPS by $0.04 per share for the impact of foreign exchange.

"Equifax delivered a very strong first quarter performance executing on our EFX2028 Strategic Priorities with reported revenue of $1.649 billion, up a strong 14%, with 13% local currency revenue growth which was $37 million above the midpoint of our February guidance. The revenue outperformance was principally driven by very strong U.S. Mortgage revenue growth of 38% principally in January and February before rates increased from the Iran conflict, continued solid performance in Diversified Markets up 6% in local currency, and strong New Product Innovation momentum with Vitality Index of 17% - significantly above our long-term goal of 10% - powered by the EFX Cloud, EFX.AI, and our proprietary data. Workforce Solutions delivered strong 10% revenue growth, driven by Verification Services revenue growth of 14% led by Diversified Markets revenue growth of 14% from strong mid double digit growth in Government and Consumer Lending businesses. USIS delivered strong revenue growth of 21%, well above their 6 to 8% Long Term Financial Framework. USIS revenue growth was led by very strong 60% Mortgage revenue growth and Diversified Markets revenue growth of 3%. International delivered 4% local currency revenue growth with high single digit revenue growth in Canada. We were pleased with the broad-based Equifax results in a challenging market environment. Given our strong free cash flow, Equifax returned $327 million in cash to shareholders, including repurchasing 1.3 million shares for $260 million and paying $67 million in quarterly dividends," said Mark W. Begor, Equifax Chief Executive Officer.

"We are maintaining our full-year 2026 Guidance midpoint expectation for local currency revenue growth of about 10%. Despite our strong, above guidance first quarter results principally from stronger U.S. mortgage activity in the first half of the quarter, we are maintaining our full-year 2026 Guidance due to the reduction in U.S. mortgage activity from higher rates since the Iran conflict began and the uncertainty in the global macroeconomic environment and direction of U.S. inflation and interest rates. We are increasing our full year reported revenue by $25 million and Adjusted EPS by $0.04 per share for the impact of foreign exchange.  

Equifax is fundamentally a different company on how we go to market from Technology to Data & Analytics, EFX.AI capabilities, product focus, and AI-driven Operations all leveraging our nearly $3 billion Cloud technology investment and patented EFX.AI products and D&A capabilities. Equifax's scale proprietary data is the foundation of our AI Data Moat and a big competitive advantage, and we are expanding our capabilities to leverage our unique, non-public data assets with EFX.AI and our Agentic AI capabilities to rapidly deliver higher-performing scores, models, and multi-market products to help our customers grow.

Our strong first quarter results reflect the resiliency of the broad-based Equifax business model in an increasingly uncertain economy. We are energized about the New Equifax that we expect 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 $1,648.9 million in the first quarter of 2026, up 14% and 13% on a reported and local currency basis, respectively, compared to the first quarter of 2025.

Net income attributable to Equifax of $171.5 million was up 29% in the first quarter of 2026 compared to $133.1 million in the first quarter of 2025.

Diluted EPS attributable to Equifax was $1.42 per share in the first quarter of 2026, up 34% compared to $1.06 per share in the first quarter of 2025.

Workforce Solutions First Quarter Results

• Total revenue was $683.1 million in the first quarter of 2026, up 10% compared to the first quarter of 2025. Operating margin for Workforce Solutions was 45.3% in the first quarter of 2026 compared to 42.7% in the first quarter of 2025. Adjusted EBITDA margin for Workforce Solutions was 52.3% in the first quarter of 2026 compared to 50.1% in the first quarter of 2025.
• Verification Services revenue was $571.4 million, up 14% compared to the first quarter of 2025.
• Employer Services revenue was $111.7 million, down 4% compared to the first quarter of 2025.

USIS First Quarter Results

• Total revenue was $605.6 million in the first quarter of 2026, up 21% compared to the first quarter of 2025. Operating margin for USIS was 20.2% in the first quarter of 2026 compared to 21.1% in the first quarter of 2025. Adjusted EBITDA margin for USIS was 30.3% in the first quarter of 2026 compared to 34.1% in the first quarter of 2025.
• Online Information Solutions revenue was $553.7 million, up 24% compared to the first quarter of 2025.
• Financial Marketing Services revenue was $51.9 million, flat compared to the first quarter of 2025.

International First Quarter Results

• Total revenue was $360.2 million in the first quarter of 2026, up 11% and up 4% compared to the first quarter of 2025 on a reported and local currency basis, respectively. Operating margin for International was 9.5% in the first quarter of 2026 compared to 7.8% in the first quarter of 2025. Adjusted EBITDA margin for International was 25.0% in the first quarter of 2026 compared to 24.1% in the first quarter of 2025.
• Latin America revenue was $102.7 million, up 9% compared to the first quarter of 2025 on a reported basis and up 4% on a local currency basis.
• Europe revenue was $94.0 million, up 9% compared to the first quarter of 2025 on a reported basis and up 1% on a local currency basis.
• Asia Pacific revenue was $92.6 million, up 16% compared to the first quarter of 2025 on a reported basis and up 6% on a local currency basis.
• Canada revenue was $70.9 million, up 12% compared to the first quarter of 2025 on a reported basis and up 8% on a local currency basis.

Adjusted EPS and Adjusted EBITDA Margin

• Adjusted EPS attributable to Equifax was $1.86 in the first quarter of 2026, up 22% compared to the first quarter of 2025.
• Adjusted EBITDA margin was 29.0% in the first quarter of 2026, down compared to 29.3% in the first quarter of 2025.
• These financial measures exclude certain items as described further in the Non-GAAP Financial Measures section below.