Financial Data and Key Metrics Changes - Total revenues increased by 12% organically, with the U.S. market growing by 16%, marking one of the strongest performances since 2021 [9][30] - Adjusted diluted EPS grew by 10% in the quarter, or 14% when excluding the impact from the tax rate reset [9] - Adjusted EBITDA increased by 10%, with an adjusted EBITDA margin of 35.6% [30] Business Line Data and Key Metrics Changes - U.S. Financial Services revenue grew by 19%, or 11% excluding mortgage, with double-digit growth in Consumer Lending and Auto [10][31] - Emerging Verticals accelerated growth from 7% in Q3 to 16% in Q4, with double-digit growth across Insurance, Media, Tenant and Employment Screening, Tech, Retail, and E-commerce [10] - Credit Solutions grew by 13%, driven by U.S. non-mortgage volumes, while Marketing Solutions saw a growth acceleration from flat in 2024 to 7% in 2025 [15][16] Market Data and Key Metrics Changes - International revenue grew by 2% on an organic constant currency basis, with Canada and the U.K. both achieving double-digit growth [11][34] - India experienced a revenue decline of 4% in Q4, attributed to a reset year for unsecured lending and credit card originations [11][37] - Latin America declined by 3% due to softer economic conditions, while Asia Pacific saw an 11% decline [36] Company Strategy and Development Direction - The company aims to build on its momentum and drive innovation-led growth, with a focus on launching new AI-powered solutions [20][21] - The strategic focus for 2026 includes enhancing product predictiveness and capturing more value within customer workflows [20] - The company plans to expand its offerings in India, leveraging favorable economic and demographic trends [39][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving high single-digit revenue growth and double-digit adjusted EPS growth for 2026, assuming stable business conditions [19][54] - The company anticipates a gradual recovery in international markets and modest U.S. lending growth [19][54] - Management highlighted the importance of AI in driving growth and improving internal processes, positioning the company advantageously in the market [22][28] Other Important Information - The company repurchased approximately $150 million in shares during Q4, totaling $300 million for 2025, and raised its quarterly dividend by 9% to $0.125 per share [9][41] - The acquisition of Monevo and majority ownership of TransUnion de México were highlighted as strategic moves to enhance growth [14][41] - The transformation investment program was completed on schedule and budget, expected to deliver significant cost savings and operational efficiencies [42][43] Q&A Session Summary Question: U.S. emerging vertical guidance - Management acknowledged strong growth in emerging verticals and emphasized a conservative approach to guidance, aiming for beats and raises throughout the year [60][62] Question: Differentiation in Marketing and Fraud - Management highlighted the proprietary identity data assets and resolution capabilities as key differentiators, emphasizing the challenges competitors face in accessing similar data [70][72]