Equifax(US:EFX)2025-07-22 20:24Financial Performance - Operating revenue for Q2 2025 was $1,537.0 million, an increase of 7.4% compared to $1,430.5 million in Q2 2024[13] - Total operating expenses for Q2 2025 were $1,226.2 million, up from $1,148.3 million in Q2 2024, reflecting a 6.8% increase[13] - Consolidated net income for Q2 2025 reached $192.6 million, a 16.5% increase from $165.2 million in Q2 2024[13] - Basic earnings per share for Q2 2025 were $1.54, compared to $1.32 in Q2 2024, representing a 15.8% increase[13] - Operating revenue for the first half of 2025 was $2,979.0 million, up 5.6% from $2,819.9 million in the first half of 2024[16] - Consolidated net income for the first half of 2025 was $326.4 million, an increase of 12.1% from $291.2 million in the first half of 2024[16] - Comprehensive income for Q2 2025 was $288.8 million, significantly higher than $146.1 million in Q2 2024[20] Dividends and Shareholder Returns - Dividends per common share increased to $0.50 in Q2 2025 from $0.39 in Q2 2024, marking a 28.4% increase[13] - Cash dividends paid in the first half of 2025 amounted to $111.0 million, reflecting a dividend of $0.89 per share, compared to $96.9 million and $0.78 per share in the same period of 2024[34] - Approximately $2.9 billion was available for future purchases of common stock under the share repurchase authorization as of June 30, 2025[29] Assets and Liabilities - Total assets increased to $11,917.9 million as of June 30, 2025, up from $11,759.4 million at December 31, 2024, representing a growth of 1.35%[23] - Total liabilities decreased to $6,682.1 million as of June 30, 2025, from $6,839.8 million at December 31, 2024, a decline of 2.3%[23] - Long-term debt decreased to $4,051.0 million as of June 30, 2025, down from $4,322.8 million at December 31, 2024, a reduction of 6.3%[23] - Cash and cash equivalents at the end of the period were $189.0 million, up from $169.9 million at the beginning of the period, an increase of 11.5%[25] Operational Efficiency - Cash provided by operating activities was $585.0 million for the six months ended June 30, 2025, compared to $520.2 million in 2024, indicating a growth of 12.5%[25] - The company reported a stock-based compensation expense of $46.6 million for the six months ended June 30, 2025, down from $60.3 million in 2024, a decrease of 22.5%[25] - The effective income tax rate for the six months ended June 30, 2025, was 26.9%, up from 25.5% for the same period in 2024[82] Segment Performance - Verification Services revenue increased by 10% to $567.1 million for the three months ended June 30, 2025, compared to $515.9 million in 2024[62] - Total U.S. Information Solutions revenue for the six months ended June 30, 2025, was $1,021.3 million, an 8% increase from $943.6 million in 2024[62] - The Workforce Solutions segment generated operating revenue of $662.1 million for the three months ended June 30, 2025, compared to $612.9 million in the same period of 2024, marking a growth of 8.0%[94] - The U.S. Information Solutions segment reported operating revenue of $521.5 million for the three months ended June 30, 2025, up from $478.3 million in the same period of 2024, reflecting an increase of 9.0%[94] - The International segment's operating revenue for the three months ended June 30, 2025, was $353.4 million, compared to $339.3 million in the same period of 2024, representing a growth of 4.1%[94] Other Financial Metrics - The accumulated other comprehensive loss decreased to $559.8 million as of June 30, 2025, from $722.7 million at the end of 2024, showing an improvement of approximately 22.5%[37] - The company experienced a foreign currency translation loss of $555.5 million as of June 30, 2025, compared to a loss of $718.4 million at the end of 2024, indicating a reduction of approximately 22.6%[37] - The total remaining performance obligation as of June 30, 2025, was $93.0 million, with $32.3 million expected to be recognized as revenue within less than one year[62] - The company recorded an increase of $11.7 million in accumulated other comprehensive loss related to noncontrolling interests for the six months ended June 30, 2025[83]