Financial Performance - Equifax's 2Q25 revenue increased by 7% as reported, and 8% in constant currency, exceeding the midpoint of April guidance by $27 million[13] - Adjusted EPS for 2Q25 was $2.00 per share, surpassing the midpoint of April guidance by $0.10[13] - The company is maintaining its 2025 full-year constant dollar framework due to economic and market uncertainty, but increasing reported revenue by $35 million and Adjusted EPS by $0.03 per share due to FX[13] - Free cash flow for FY25 is expected to be approximately $900 million or more, with a cash conversion rate of around 95% or higher[35, 45] Segment Performance - Workforce Solutions (EWS) revenue grew by 8% in 2Q25, with non-mortgage verifier revenue up by 10% and government revenue up by 14%[13, 15] - US Information Solutions (USIS) revenue increased by 9% in 2Q25, driven by a 20% increase in mortgage revenue and a 4% increase in non-mortgage revenue[13, 23] - International revenue was up 6% in constant currency, with strong growth in Brazil and double-digit vitality index[13, 24] Strategic Initiatives and Capital Allocation - Equifax increased its dividend by 28% to $0.50 per share and launched a $3 billion share repurchase program[14] - The company repurchased 480,000 shares for approximately $127 million in 2Q25[39] - The company returned approximately $190 million to shareholders in 2Q25[41, 45] Future Outlook - The company anticipates approximately $700 million or more in revenue from mortgage market recovery, which will positively impact EBITDA, EPS, and cash flow to shareholders[43] - The company's long-term financial framework targets 7-10% organic revenue growth and 1-2% revenue growth from bolt-on M&A[43, 46] - The company's 2Q25 vitality index was 14%, driven by double-digit vitality index across all business units, and the full-year vitality index is expected to be 12%[13, 25, 45]