Core Insights - Equifax has launched the myEquifax mobile application for Android and iPhone, allowing consumers to monitor their financial health conveniently [1][2] - The app provides features such as viewing credit reports, managing credit freezes, and setting credit score milestones [3][4] - The Equifax Cloud, which supports the app, represents a significant investment of over $1.5 billion and enhances the security and reliability of the services offered [4] Application Features - Users can access their VantageScore 3.0 credit score and track their credit journey through the "My Journey" section [3] - The app includes secure biometric authentication and access to educational resources about the credit system [3] - Future updates will introduce personalized finance feedback and insights to further assist users in understanding their credit [5] Company Overview - Equifax operates globally with nearly 15,000 employees and has investments in 24 countries across various regions [5] - The company emphasizes the importance of knowledge in driving progress and supports financial institutions and government agencies in making informed decisions [5]

Group 1 - Equifax will host its 2025 Investor Day on June 17, 2025, at 9:00 a.m. ET in New York City [1] - The event will include presentations from the senior leadership team discussing the EFX2027 Strategic Priorities, focusing on new Cloud capabilities, product innovation, and investments in data and analytics [2] - The event is expected to conclude around 12:00 p.m. ET and will be webcast live for investors and analysts [2][3] Group 2 - Equifax is a global data, analytics, and technology company that supports critical decision-making for financial institutions, companies, and government agencies [4] - The company operates or has investments in 24 countries across North America, Central and South America, Europe, and the Asia Pacific region, employing nearly 15,000 people worldwide [4]

Investors interested in Consulting Services stocks are likely familiar with Information Services Group (III) and Equifax (EFX) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positive ...

Core Viewpoint - The investment outlook for Equifax (EFX) has been downgraded to a hold rating due to concerns about the near-term performance, particularly influenced by high mortgage rates [1] Group 1: Investment Strategy - The investment approach focuses on bottom-up analysis, assessing the fundamental strengths and weaknesses of individual companies [1] - The investment duration is medium to long-term, aiming to identify companies with solid fundamentals, sustainable competitive advantages, and growth potential [1] Group 2: Market Conditions - Current market conditions, particularly high mortgage rates, are a significant factor affecting the near-term outlook for Equifax [1]

Core Insights - Equifax experienced stronger-than-expected growth in the first quarter, driven by demand for data in hiring, consumer lending, and mortgages, with revenue exceeding guidance by $37 million [1] Group 1: Revenue Performance - Two-thirds of the revenue outperformance came from the non-mortgage business, while one-third was attributed to the mortgage business [2] - Non-Mortgage revenue grew by 6%, supported by strong performance in Talent Solutions and Consumer Lending, along with better-than-expected gains in the Government sector [2] - The U.S. Mortgage business reported a 7% revenue growth during the quarter [2] Group 2: Factors Driving Growth - Growth in the mortgage sector was linked to increased penetration and performance of mortgage pre-qualification and pre-approval products, with market conditions being about 400 basis points better than expected [3] - A decline of approximately 30 basis points in mortgage rates in late February and March contributed to higher refinancing activity [3] - Talent Solutions revenue increased by 12%, attributed to improved hiring volumes and easier year-over-year comparisons [4] Group 3: Future Outlook - The company sees growth opportunities in the Government sector due to the new administration's focus on efficiency [4] - Despite outperforming guidance, Equifax maintained its full-year 2025 guidance due to macroeconomic uncertainties, particularly related to tariffs [5][6] - The company indicated that under normal circumstances, it would have increased its 2025 revenue and adjusted EPS guidance, but chose to maintain current levels due to economic uncertainties [6]

Financial Data and Key Metrics Changes - Equifax reported Q1 2025 revenue of $1,442,000,000, an increase of 4% reported and 5% in constant dollars, exceeding the midpoint of February guidance by $37,000,000 [8] - Adjusted EPS was $1.53 per share, which was $0.15 above the midpoint of February guidance due to higher revenue growth and improved margins [9] - Adjusted EBITDA margins were 29.3%, up 20 basis points from last year and about 80 basis points better than expected [20] Business Line Data and Key Metrics Changes - USIS revenue grew by 7%, with non-mortgage growth at about 6%, aligning with their long-term growth framework of 6% to 8% [12][29] - EWS revenue increased by 3%, with talent solutions revenue up 12% due to better hiring volumes [25] - Mortgage revenue was up 7%, driven by stronger performance in mortgage pre-qualification and pre-approval products [21] Market Data and Key Metrics Changes - International revenue grew by 7% in constant currency, with strong growth in Latin America, particularly in Brazil and Argentina [33] - The U.S. mortgage market is expected to decline by 12% for the remainder of 2025, consistent with previous guidance [24][43] - The government business is projected to grow low double digits, benefiting from a new $50,000,000 SSA amendment [28][86] Company Strategy and Development Direction - Equifax is focusing on leveraging its cloud capabilities to drive innovation and new product growth, transitioning from building the cloud to utilizing it [9][54] - The company aims to maintain a strong investment-grade balance sheet while prioritizing high-return capital investments and executing a bolt-on M&A strategy [17][18] - A new capital allocation plan includes a 28% increase in the quarterly dividend and a $3,000,000,000 share repurchase program [18][53] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth model despite maintaining 2025 guidance due to economic uncertainty [15][51] - The company is well-positioned to weather economic events, with a significant portion of revenue from recession-resilient businesses [36][38] - Management highlighted the potential for growth in government services due to increased demand for social services during economic downturns [70] Other Important Information - The company plans to return about $1,000,000,000 annually to shareholders over the next four years through dividends and share repurchases [19] - Equifax is entering a new phase of innovation, leveraging unique data assets to develop solutions that only it can deliver [54] Q&A Session Summary Question: Can you provide more color on the twin federal government discussions or opportunities? - Management noted a positive environment in Washington regarding improper payments, with significant opportunities for the Twin solution to address these issues [58][61] Question: How did you come up with the recession estimate? - The estimate was based on historical performance during past economic events and the increasing share of subscription-based revenue, which is less impacted by recessions [64][66] Question: What percentage of U.S. mortgage revenues was reported in the quarter? - U.S. mortgage revenues accounted for 21% of total revenue in the quarter [76] Question: What visibility do you have for the second quarter trends? - Management indicated good visibility in most business lines, with mortgage activity being the exception due to interest rate fluctuations [80] Question: Is the low double-digit growth in government revenue expected for 2Q? - Yes, the low double-digit growth reflects expectations for the second quarter, with the SSA amendment contributing to this growth [84][86]

Core Viewpoint - Equifax reported quarterly earnings of $1.53 per share, exceeding the Zacks Consensus Estimate of $1.40 per share, and showing a slight increase from $1.50 per share a year ago, indicating a 9.29% earnings surprise [1] Financial Performance - The company achieved revenues of $1.44 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.89% and reflecting a year-over-year increase from $1.39 billion [2] - Over the last four quarters, Equifax has consistently surpassed consensus EPS estimates four times and topped revenue estimates twice [2] Stock Performance and Outlook - Equifax shares have declined approximately 15.5% since the beginning of the year, compared to a 12.3% decline in the S&P 500 [3] - The company's earnings outlook is crucial for future stock performance, with current consensus EPS estimates at $1.91 for the coming quarter and $7.52 for the current fiscal year [4][7] Estimate Revisions and Industry Context - The trend for estimate revisions ahead of the earnings release was unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The Consulting Services industry, to which Equifax belongs, is currently ranked in the top 5% of over 250 Zacks industries, suggesting a favorable industry outlook [8]

FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ For the fiscal year ended December 31, 2024 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 chart ...

Financial Data and Key Metrics Changes - In 2024, revenue increased by almost 8% on a reported and organic constant currency basis, aligning with the long-term growth framework of 8% to 12% [7] - Adjusted EPS was $7.29 per share, up over 8.5% compared to the previous year [7] - Free cash flow reached $813 million, up 58%, with cash conversion at 89% [8][51] - Adjusted EBITDA for the fourth quarter was $502 million, marking the first quarter in Equifax's history to exceed $500 million [15] Business Line Data and Key Metrics Changes - Workforce Solutions revenue grew by 7% in the quarter, primarily impacted by lower talent solutions and onboarding revenue due to a weaker hiring market [17] - Government revenue increased by 11%, consistent with expectations, while Employer Services revenue declined by 9% due to the hiring market's weakness [18][19] - USIS revenue rose over 10%, driven by strong mortgage performance, with mortgage revenue up 47% [20][22] - International revenue grew by 11% in constant currency, exceeding the long-term framework of 7% to 9% [25] Market Data and Key Metrics Changes - The U.S. mortgage revenue was up 29% in the quarter but showed a significant decline in late December and January due to rising mortgage rates [13][14] - The hiring market is expected to decline by about 8% in 2025 compared to 2024, with U.S. hard credit inquiries projected to decrease by 12% [28][29] - The dollar's strength negatively impacted revenue by approximately $75 million, affecting the overall growth rate by over 200 basis points [30] Company Strategy and Development Direction - The company is focused on leveraging its cloud transformation to drive growth, innovation, and new product development, with 85% of revenue now in the new Equifax cloud [9][52] - Equifax plans to return capital to shareholders through dividend growth and a multi-year share repurchase program starting in 2025 [8][36] - The company aims to maintain a vitality index above 10% in 2025, leveraging new products and AI capabilities [11][26] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the U.S. mortgage and hiring markets, which are expected to impact revenue growth in 2025 [28][50] - Despite these challenges, the company remains confident in its ability to deliver organic revenue growth in the long-term range of 7% to 10% as markets normalize [51] - The management expressed optimism about the future of the government business, highlighting a significant total addressable market of $5 billion [86] Other Important Information - The company has made significant progress in cloud data and technology transformation, which is expected to provide a competitive advantage moving forward [9][52] - Adjusted EBITDA margins are expected to increase by about 25 basis points in 2025, despite lower revenue growth levels [39] Q&A Session Summary Question: EWS margin guidance reconciliation - Management noted that the decline in the mortgage market and onboarding costs for new partners are impacting margins, but they expect to return to margin growth as markets recover [56][59] Question: Impact of mortgage and hiring headwinds on growth - Management confirmed that without these headwinds, growth would have been approximately 200 basis points higher, with a significant impact on EPS [63][64] Question: Government business outlook - Management indicated that while there are challenges due to changes in reimbursement programs, they expect government revenue growth to return to double digits in the second half of 2025 [69][70] Question: Mortgage revenue as a percentage of total revenue - Mortgage revenues accounted for 17.7% of total revenues in Q4 2024, with a focus on hard inquiries that correlate with loan originations [74][75] Question: Non-mortgage growth factors - Management highlighted that auto and financial services performed relatively well, but the significant difference in growth rates between quarters was due to strong sales in the previous quarter [80]