Financial Data and Key Metrics Changes - Total revenues increased by 12% organically, with the US market growing by 16%, marking one of the strongest performances since 2021 [5][26] - Adjusted diluted EPS grew by 10% in the quarter, or 14% when excluding the impact from the tax rate reset [5][27] - Adjusted EBITDA increased by 10%, with an adjusted EBITDA margin of 35.6% [26][27] Business Line Data and Key Metrics Changes - U.S. financial services revenue grew by 19%, or 11% excluding mortgage, with mortgage revenue increasing by 37% [6][29] - Emerging verticals accelerated to 16% growth, up from 7% in the third quarter, with double-digit growth across various sectors including insurance and e-commerce [6][30] - Credit solutions grew by 13%, driven by U.S. non-mortgage volumes, while marketing solutions saw a growth of 7% [11][12] 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 [7][31] - India experienced a decline of 4% in the quarter, attributed to a reset year for unsecured lending and credit card originations [7][33] - The U.S. markets are expected to see high single-digit growth, while international markets are anticipated to grow mid-single-digit [42] 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 [17][18] - The strategic focus for 2026 includes enhancing product predictiveness and capturing more value within customer workflows [17][18] - The company completed its transformation investment program, which is expected to yield full target savings in 2026 [16][38] 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 [16][50] - The company anticipates a gradual recovery in international markets and modest U.S. lending growth [16][34] - Management highlighted the importance of AI in driving growth and improving operational efficiency [19][24] Other Important Information - The company repurchased approximately $150 million of shares in the fourth quarter, totaling $300 million for 2025 [5][37] - A quarterly dividend was raised by 9% to $0.125 per share, reflecting a commitment to returning capital to shareholders [5][37] - The acquisition of a majority ownership of TransUnion de México is expected to close in the first half of 2026 [37][38] Q&A Session Questions and Answers Question: Insights on 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 [54][55] Question: Differentiation in marketing and fraud solutions - Management highlighted the proprietary identity data assets and resolution capabilities as key differentiators, emphasizing the extensive data sources and integrations that competitors may lack [65][66]