TransUnion(US:TRU)2026-02-12 11:14Revenue Performance - Total revenue for Q4 2025 was $1,171 million, a 13% increase compared to Q4 2024[4] - Full-year 2025 revenue reached $4,576 million, a 9% increase compared to 2024[10] - Total revenue for the year ended December 31, 2025, was $4,576.3 million, an increase of 9.4% from $4,183.8 million in 2024[30] - Total gross revenue for the year 2025 reached $4,589.7 million, representing a 9.7% increase from $4,196.3 million in 2024[52] - U.S. Markets gross revenue increased to $918.9 million in Q4 2025, up 15.9% from $792.0 million in Q4 2024[52] Profitability Metrics - Adjusted EBITDA for Q4 2025 was $417 million, a 10% increase compared to Q4 2024, with an adjusted EBITDA margin of 35.6%[8] - Operating income for the year ended December 31, 2025, was $857.8 million, up 28.7% from $666.7 million in 2024[30] - Net income attributable to TransUnion for Q4 2025 was $101 million, compared to $66 million in Q4 2024, with diluted earnings per share of $0.52[8] - Net income attributable to TransUnion for the year ended December 31, 2025, was $455.4 million, representing a 60.1% increase from $284.4 million in 2024[30] - Adjusted net income for the year 2025 was $845.7 million, compared to $768.8 million in 2024, reflecting a 10% increase[56] Cash and Liquidity - Cash and cash equivalents were $854 million at the end of 2025, up from $679 million at the end of 2024[12] - Cash provided by operating activities for the year ended December 31, 2025, was $987.6 million, an increase from $832.5 million in 2024[32] - The company’s cash and cash equivalents increased to $853.6 million as of December 31, 2025, from $679.5 million in 2024[32] Debt and Capital Structure - The company repurchased approximately $150 million of shares in Q4 2025, totaling $300 million for the year[7] - Total debt as of December 31, 2025, was $5,103.8 million, slightly decreased from $5,147.2 million in 2024[62] - The company’s long-term debt as of December 31, 2025, was $4,906.9 million, a decrease from $5,076.6 million in 2024[28] - The Leverage Ratio improved to 2.6 in 2025 from 3.0 in 2024, indicating a stronger financial position[62] Future Guidance - For 2026, the company expects revenue growth of 8% to 9% and adjusted diluted EPS growth of 8% to 10%[6] - Net income attributable to TransUnion for 2026 is guided to be between $538 million and $553 million, with a margin of 10.9% to 11.1%[68] - Diluted earnings per share for 2026 is expected to be between $2.75 and $2.83, with adjusted diluted earnings per share projected at $4.63 to $4.71[68] Technology and Innovation - The company plans to share updates on technology modernization and product innovation at the Investor Day on March 10, 2026[6] - The accelerated technology investment, including Project Rise, is expected to enhance cloud-based technology and streamline product delivery platforms, with completion anticipated by 2024[40] - The company invested $19.1 million in accelerated technology initiatives in Q4 2025, down from $25.6 million in Q4 2024[53] Tax and Regulatory - Adjusted Provision for Income Taxes for the year 2025 was $(309.9) million, compared to $(247.6) million in 2024, reflecting an increase in tax adjustments[59] - The effective tax rate for 2025 was 26.9%, an increase from 24.6% in 2024[59] Other Financial Metrics - Basic earnings per share for the year ended December 31, 2025, was $2.34, compared to $1.46 in 2024, reflecting a 60.3% increase[30] - Total accelerated technology investment for 2025 is $84.5 million, slightly up from $84.2 million in 2024[64] - Total depreciation and amortization for 2025 reached $574.8 million, an increase from $537.8 million in 2024[66]