Revenue Growth - Total operating revenue for the three months ended June 30, 2024, was $1,430.5 million, an increase from $1,317.6 million in the same period of 2023, representing a growth of 8.5%[196] - The Workforce Solutions segment generated $612.9 million in revenue for the three months ended June 30, 2024, compared to $582.8 million in the same period of 2023, reflecting a year-over-year increase of 5.8%[196] - The U.S. Information Solutions segment reported revenue of $478.3 million for the three months ended June 30, 2024, up from $445.0 million in the same period of 2023, marking a growth of 7.5%[196] - The International segment achieved revenue of $339.3 million for the three months ended June 30, 2024, compared to $289.8 million in the same period of 2023, indicating a significant increase of 17.1%[196] - Consolidated operating revenue for Q2 2024 was $1,430.5 million, a 9% increase from $1,317.6 million in Q2 2023[206] - U.S. Information Solutions revenue increased by 7% to $478.3 million in Q2 2024, compared to $445.0 million in Q2 2023[206] - International revenue rose by 17% to $339.3 million in Q2 2024, up from $289.8 million in Q2 2023[206] - International revenue growth was driven by Latin America, with a 28% increase in local currency for Q2 2024[218] Financial Performance - The company’s total operating income for the three months ended June 30, 2024, was $282.2 million, up from $236.9 million in the same period of 2023, representing a growth of 19.2%[196] - Consolidated net income for Q2 2024 was $165.2 million, a 19% increase from $139.4 million in Q2 2023[212] - Diluted earnings per share increased to $1.31 in Q2 2024, up 17% from $1.12 in Q2 2023[212] - Total operating margin improved to 44.5% in Q2 2024, compared to 42.0% in Q2 2023[215] Expenses and Debt - Consolidated operating expenses for Q2 2024 were $1,148.3 million, a 6% increase from $1,080.7 million in Q2 2023[207] - The total long-term debt, net, as of June 30, 2024, was $4,742.7 million, a slight decrease from $4,747.8 million as of December 31, 2023[180] - Interest expense decreased by $3.4 million in Q2 2024 due to lower debt balances compared to Q2 2023[210] Dividends and Tax - The company paid out $96.4 million in dividends, equating to $0.78 per share, during the first six months of 2024[205] - Effective income tax rate for Q2 2024 was 26.4%, down from 27.4% in Q2 2023[211] Future Outlook - The company anticipates continued growth driven by its cloud data and technology transformation initiatives, although specific financial projections were not disclosed[1] - The company operates in 20 countries, with the U.S. market contributing 77% of total revenue in 2023[200] - The company has established a $1.5 billion commercial paper program, with no outstanding commercial paper notes as of June 30, 2024[181]

Participation in global economies acts as a defense against economic difficulties at home and a pathway to more rapidly developing economies. However, it also comes with the complexities of dealing with fluctuating currencies, geopolitical risks and different market dynamics. During the quarter, Canada contributed $69.2 million in revenue, making up 4.8% of the total revenue. When compared to the consensus estimate of $69.66 million, this meant a surprise of -0.66%. Looking back, Canada contributed $65.8 mi ...

Equifax expects its transition to cloud and artificial intelligence (AI) technology to deliver cost savings and drive innovation in 2024 and beyond. The global data, analytics and technology company said in a Thursday (July 18) earnings release that it is leveraging its new EFX Cloud and that 89% of its new models and scores are now being built using AI and machine learning (ML). The firm has increased its percentage of new models and scores built using AI and ML to 89% from 85% in the first quarter, 70% in ...

Equifax Inc. (NYSE:EFX) Q2 2024 Earnings Conference Call July 18, 2024 8:30 AM ET Company Participants Trevor Burns - Senior Vice President, Head of Corporate Investor Relations Mark Begor - Chief Executive Officer John Gamble - Chief Financial Officer Conference Call Participants Manav Patnaik - Barclays Andrew Steinerman - JPMorgan Heather Balsky - Bank of America Kelsey Zhu - Autonomous Research Faiza Alwy - Deutsche Bank Surinder Thind - Jefferies Andrew Nicholas - William Blair Jeff Meuler - Baird Scot ...

Equifax Inc. (EFX) reported impressive second-quarter 2024 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. EFX's adjusted earnings (excluding 51 cents from non-recurring items) were $1.82 per share, outpacing the Zacks Consensus Estimate by 5.8% and increasing by 6.4% on a year-over-year basis. Total revenues of $1.4 billion surpassed the consensus estimate by a slight margin and jumped 8.6% from the year-ago quarter. Segmental Information Revenues in the Workforce Solutions s ...

We believe these forward-looking statements are reasonable as and when made. However, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to, those described in our 2023 Form 10-K and subsequent SEC filings. PROPRIETARY | 2 This presentation contains certain non-GAAP financial measures, including adjusted EPS ...

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Shares of Equifax have returned +9.4% over the past month versus the Zacks S&P 500 composite's +4.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. While investors closely watch year-over-year changes in headline numbers -- revenue ...

Over the last four quarters, the company has surpassed consensus EPS estimates three times. Equifax shares have added about 7% since the beginning of the year versus the S&P 500's gain of 18.8%. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate ...

Exhibit 99.1 1550 Peachtree Street, N.W. Atlanta, Georgia 30309 ATLANTA, July 17, 2024 -- Equifax (NYSE: EFX) today announced financial results for the quarter ended June 30, 2024. ® "Equifax had a strong second quarter against our EFX2026 strategic priorities in a challenging mortgage market delivering revenue of $1.430 billion, up a strong 9%. EWS Verification Services revenue was up a very strong 9% driven by Government revenue up 30%. Our U.S. mortgage business grew 4% despite a 13% decline in USIS mort ...

Second quarter 2024 revenue of $1.430 billion grew a strong 9%, with 13% non-mortgage local currency revenue growth. U.S. mortgage revenue grew 4% in the second quarter despite a 13% decline in USIS mortgage credit inquiries. Workforce Solutions second quarter revenue grew 5%, with 12% non-mortgage revenue growth from 20% Verification Services non-mortgage revenue growth led by Government and Talent Solutions. Mortgage revenue was down 12%. USIS second quarter revenue growth of 7% with 27% mortgage revenue ...