Core Insights - TransUnion reported strong second-quarter results for 2025, exceeding analyst expectations with adjusted EPS of $1.08 and revenue of $1.14 billion, reflecting year-over-year increases of 9.1% and 9.5% respectively [1][2][3] Financial Performance - Adjusted EPS for Q2 2025 was $1.08, surpassing the estimate of $0.99, and up from $0.99 in Q2 2024, marking a 9.1% increase [3] - Revenue reached $1.14 billion, compared to the projected $1.1 billion and $1.04 billion in Q2 2024, representing a 9.5% year-over-year growth [3] - Adjusted EBITDA rose to $407 million, an 8.1% increase from $376.6 million in the previous year, with an adjusted EBITDA margin of 35.7%, slightly down from 36.2% [3][9] - Net income increased by 29% to $109.6 million from $85 million in the prior year [3] Business Segments - The U.S. Financial Services segment led growth with revenue of $419.9 million, up 17.1% year-over-year [6] - Mortgage revenue grew by 27%, despite a 10% decline in inquiry volumes, driven by price improvements and product mix [6] - The Consumer Interactive segment saw a modest revenue increase of 3.3% [7] - International operations reported a revenue growth of 7.4%, with the UK leading at 19% growth [8] Strategic Initiatives - TransUnion is enhancing its data and analytics capabilities and expanding its technological infrastructure, including the migration of over 90 U.S. Credit customers to the OneTrue cloud platform [5][11] - The company is focusing on product development, launching the TrueIQ analytics suite and TruValidate for fraud detection [12] - Market expansion efforts include the integration of Monevo and plans to acquire TransUnion de Mexico to increase exposure in growth markets [13] Outlook and Guidance - The company raised its full-year 2025 guidance, targeting revenue between $4.432 billion and $4.472 billion, with adjusted EBITDA between $1.58 billion and $1.61 billion [15] - For Q3 2025, revenue is expected to be between $1.12 billion and $1.135 billion, with adjusted EPS around $1.08 [15] - Free cash flow conversion is projected to reach approximately 70% for FY2025, improving to over 90% in 2026 [15]