Canada generated $69.3 million in revenues for the company in the last quarter, constituting 4.51% of the total. This represented a surprise of -0.14% compared to the $69.4 million projected by Wall Street analysts. Comparatively, in the previous quarter, Canada accounted for $63 million (4.37%), and in the year-ago quarter, it contributed $69.2 million (4.84%) to the total revenue. Have you assessed how the international operations of Equifax (EFX) performed in the quarter ended June 2025? For this credit ...

Analyst's Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-06605 | EQUIFAX INC. | | | | | | --- | --- | --- | --- | --- | | (Exact name of registrant as specified in its charter) | | | ...

Key Takeaways EFX's Q2 adjusted EPS rose 9.9% y/y to $2, topping estimates by 4.2% on $1.5B in revenues, up 7.4%. Workforce Solutions revenues grew 8% to $662.1M and USIS climbed 9% to $521.5M, both beating estimates. EFX lifted Q3 and 2025 revenue and EPS guidance, with 2025 EPS mid-point still below the consensus estimate.Equifax Inc. (EFX) has reported impressive second-quarter 2025 results, wherein earnings and revenues outpaced the Zacks Consensus Estimate.EFX’s adjusted earnings were $2 per share, s ...

Core Insights - Equifax's second-quarter earnings exceeded expectations, driven by growth in non-mortgage-related revenues, particularly in consumer lending and government sectors [2][4][5] - Despite positive results, management maintained cautious guidance due to macroeconomic uncertainties, including tariffs and their effects on interest rates and hiring [3][7] - Mortgage-related activities showed a decline, with inquiries down 8% in the latest quarter, and expectations for a further 13% decrease in the second half of the year [4][11] Financial Performance - The company's revenue for the second quarter reached $1.5 billion, surpassing previous guidance by $27 million, with U.S. mortgage revenues increasing by 14% [4][5] - Non-mortgage revenue growth was noted at 4% for B2B segments, with specific growth in auto lending and financial institutions [10] - Workforce Solutions revenues are projected to grow by 5% through fiscal year 2025, while US Information Systems revenues are expected to increase by 7% [5] Market Conditions - Elevated mortgage rates, consistently above 6.7%, along with high housing prices and low inventory, have contributed to historically low home purchase and refinance activities [11] - The economic environment remains uncertain, impacting hiring trends and overall revenue expectations for the second half of the year [8][11] Future Outlook - The company anticipates potential growth in the mortgage business once refinancing activity picks up, particularly through the integration of traditional and alternative data sources [11][12] - New solutions based on consumer-permissioned bank transaction data are set to launch in the third quarter, aiming to enhance verification processes [9]

Core Insights - Equifax reported revenue of $1.54 billion for the quarter ended June 2025, reflecting a year-over-year increase of 7.4% and exceeding the Zacks Consensus Estimate of $1.51 billion by 1.51% [1] - The company's EPS for the quarter was $2.00, up from $1.82 in the same quarter last year, surpassing the consensus estimate of $1.92 by 4.17% [1] Revenue Performance by Region - Asia Pacific operating revenue was $85.3 million, slightly below the estimated $86.43 million, marking a year-over-year increase of 0.8% [4] - Latin America operating revenue reached $99.6 million, below the average estimate of $102.96 million, with a year-over-year change of 2.4% [4] - Europe operating revenue was $99.2 million, exceeding the estimated $91.86 million, representing a significant year-over-year increase of 12.5% [4] - Canada operating revenue was $69.3 million, slightly below the estimate of $69.4 million, with a year-over-year change of 0.1% [4] U.S. Information Solutions Performance - U.S. Information Solutions operating revenue was $521.5 million, surpassing the estimated $509.88 million, with a year-over-year increase of 9% [4] - Financial Marketing Services within U.S. Information Solutions generated $63.7 million, exceeding the estimate of $62.55 million, reflecting a year-over-year increase of 6% [4] - Online Information Solutions under U.S. Information Solutions reported $457.8 million, surpassing the estimate of $443.97 million, with a year-over-year change of 21.2% [4] Workforce Solutions Performance - Workforce Solutions generated $662.1 million in operating revenue, exceeding the average estimate of $652.84 million, with a year-over-year increase of 8% [4] - Verification Services within Workforce Solutions reported $567.1 million, surpassing the estimate of $558.35 million, reflecting a year-over-year increase of 9.9% [4] - Employer Services under Workforce Solutions generated $95 million, slightly above the estimate of $94.72 million, but with a year-over-year decrease of 2.1% [4] Overall Market Performance - Equifax shares returned +1.8% over the past month, while the Zacks S&P 500 composite increased by +5.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - Equifax reported revenue of $1.54 billion, an increase of 8% in constant currency and 7% reported, marking the highest quarterly revenue in the company's history [7] - Adjusted EPS was $2.00, exceeding the midpoint of guidance by $0.10, with an adjusted EBITDA margin of 32.5% [9][12] - Free cash flow for Q2 was $239 million, up over $100 million from the previous year, with expectations to generate over $900 million in free cash flow for 2025 [43] Business Line Data and Key Metrics Changes - Workforce Solutions revenue grew by 8%, driven by a 10% increase in verifier revenue and a 14% increase in government revenue [13] - USIS revenue increased by 9%, with mortgage revenue up 20% and non-mortgage revenue growth of over 4% [10][21] - International revenue grew by 6% in constant currency, with strong growth in Latin America and Europe [25] Market Data and Key Metrics Changes - Mortgage hard credit inquiries declined by 8.5%, with expectations for a further decline of over 13% in the second half of 2025 [29][32] - The U.S. hiring market remains weak, impacting overall revenue growth in talent solutions [14][33] - Economic uncertainty continues to affect hiring trends and mortgage volumes, with corporate expenses expected to rise due to litigation costs [36][37] Company Strategy and Development Direction - Equifax is focusing on leveraging cloud capabilities to drive innovation and new product development, with a vitality index of 14% indicating strong new product introductions [26][49] - The company is increasing its vitality outlook for 2025 from 11% to 12%, reflecting confidence in future growth [12] - A new capital allocation framework includes a $3 billion share repurchase program and a 28% increase in quarterly dividends [43] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding economic uncertainties, inflation, and interest rates, holding full-year guidance steady despite strong first-half performance [12][48] - The company anticipates continued challenges in the mortgage market but sees potential for growth in government services due to new federal requirements [19][72] - Management remains optimistic about long-term growth, projecting organic revenue growth of 7% to 10% and a focus on multi-data solutions [45][49] Other Important Information - The company repurchased $127 million in shares during the quarter as part of its share repurchase program [12] - Adjusted EBITDA margins are expected to be flat year-over-year, impacted by higher corporate costs and litigation expenses [37][84] Q&A Session Summary Question: Can you provide perspective on the Twin State agency headwinds? - Management indicated that challenges stem from changes in federal data reimbursement policies and state budget complexities, affecting near-term performance [51][54] Question: What are the new mortgage pre-qual products driving strength? - The Twin Indicator product is gaining traction, helping to win market share in pre-qualification and pre-approval stages [55][58] Question: What is mortgage revenue as a percentage of total revenues in Q2? - Mortgage revenue accounted for 22% of total revenues, remaining flat [63] Question: What visibility exists for the government business in the second half? - Management noted that visibility is challenging due to state budget constraints and the impact of prior federal policy changes, but remains optimistic for future growth [67][72] Question: Can you elaborate on the litigation costs? - Litigation costs are driven by both general legal expenses and an increase in small claims, which are expected to continue into 2026 [86]

Financial Data and Key Metrics Changes - Equifax reported revenue of $1.54 billion, an increase of 8% in constant currency and 7% reported, marking the highest quarterly revenue in the company's history [5][10] - Adjusted EPS was $2.00, exceeding the midpoint of April guidance by $0.10, with an adjusted EBITDA margin of 32.5% [7][10] - Free cash flow for Q2 was $239 million, up over $100 million from the previous year, with expectations to generate over $900 million in free cash flow for 2025 [43][44] Business Line Data and Key Metrics Changes - Workforce Solutions revenue increased by 8%, driven by a 10% growth in verifier revenue and a 14% increase in government revenue [11][12] - USIS revenue grew by 9%, with mortgage revenue up 20% and non-mortgage revenue up over 4% [8][19] - International revenue saw a 6% increase in constant currency, with strong growth in Latin America and Europe [22][24] Market Data and Key Metrics Changes - Mortgage hard credit inquiries declined by 8.5% year-over-year, impacting home purchase and refinance activity [28][29] - The U.S. hiring market remained weak, with overall BLS data showing only slight increases compared to last year [12][30] - International growth was led by Latin America, with an 11% increase, while Canada experienced only 1% growth due to economic conditions [22][24] Company Strategy and Development Direction - The company is focusing on leveraging cloud capabilities and multi-data solutions to drive innovation and growth [25][50] - Equifax is increasing its vitality outlook for 2025 from 11% to 12%, indicating strong performance in new product introductions [10][25] - The company is committed to expanding its government business in response to new federal programs and verification requirements [15][17] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding economic uncertainties, inflation, and hiring trends, holding full-year guidance steady despite strong first-half performance [10][30] - The company anticipates continued challenges in the mortgage market but sees potential for growth as interest rates decline [28][29] - Management remains optimistic about long-term growth, projecting a 7% to 10% organic growth framework [45][48] Other Important Information - The company repurchased $127 million in shares under a $3 billion share repurchase program [10][43] - Corporate expenses increased to $152 million, primarily due to higher litigation costs [35][90] - The company is investing in new solutions that combine traditional and alternative credit data to enhance its offerings [50][26] Q&A Session Summary Question: Can you provide perspective on the Twin State agency headwinds? - Management indicated that challenges stem from changes made by the Biden administration regarding data reimbursements, affecting state budgets and contract timing [52][53] Question: What are the new mortgage pre-qual products driving strength? - The Twin Indicator product has been positively received in the market, helping to gain share in pre-qualification stages [55][56] Question: What is mortgage revenue as a percentage of total revenues in Q2? - Mortgage revenue accounted for 22% of total revenues [63] Question: What is the visibility and assumptions for the government business in the second half? - Management noted that visibility is challenging due to state budget constraints and the impact of prior administration policies [66][70] Question: Can you elaborate on the trends in the talent segment? - The talent market has shown weakness, impacting revenue guidance, with specific challenges in criminal data services due to shifts in customer relationships [72][90]

Financial Performance - Equifax's 2Q25 revenue increased by 7% as reported, and 8% in constant currency, exceeding the midpoint of April guidance by $27 million[13] - Adjusted EPS for 2Q25 was $2.00 per share, surpassing the midpoint of April guidance by $0.10[13] - The company is maintaining its 2025 full-year constant dollar framework due to economic and market uncertainty, but increasing reported revenue by $35 million and Adjusted EPS by $0.03 per share due to FX[13] - Free cash flow for FY25 is expected to be approximately $900 million or more, with a cash conversion rate of around 95% or higher[35, 45] Segment Performance - Workforce Solutions (EWS) revenue grew by 8% in 2Q25, with non-mortgage verifier revenue up by 10% and government revenue up by 14%[13, 15] - US Information Solutions (USIS) revenue increased by 9% in 2Q25, driven by a 20% increase in mortgage revenue and a 4% increase in non-mortgage revenue[13, 23] - International revenue was up 6% in constant currency, with strong growth in Brazil and double-digit vitality index[13, 24] Strategic Initiatives and Capital Allocation - Equifax increased its dividend by 28% to $0.50 per share and launched a $3 billion share repurchase program[14] - The company repurchased 480,000 shares for approximately $127 million in 2Q25[39] - The company returned approximately $190 million to shareholders in 2Q25[41, 45] Future Outlook - The company anticipates approximately $700 million or more in revenue from mortgage market recovery, which will positively impact EBITDA, EPS, and cash flow to shareholders[43] - The company's long-term financial framework targets 7-10% organic revenue growth and 1-2% revenue growth from bolt-on M&A[43, 46] - The company's 2Q25 vitality index was 14%, driven by double-digit vitality index across all business units, and the full-year vitality index is expected to be 12%[13, 25, 45]

NEWS RELEASE Contact: Trevor Burns Kate Walker Investor Relations Media Relations trevor.burns@equifax.com mediainquiries@equifax.com Exhibit 99.1 1550 Peachtree Street, N.W. Atlanta, Georgia 30309 Equifax Delivers Above Guidance Second Quarter Results; Returns Approximately $190 Million Cash to Shareholders ATLANTA, JULY 22, 2025 -- Equifax (NYSE: EFX) today announced financial results for the quarter ended June 30, 2025. ® "Equifax delivered strong second quarter revenue of $1.537 billion, up 8% on a loca ...