Overview

• U.S. credit bureau's Q2 revenue rose 11%, meeting analyst expectations

• Adjusted EPS for Q2 rose 13%, beating analyst expectations

• Company to acquire Mexico's Círculo de Crédito for $750 mln, doubled AI cost reduction target

Outlook

• Equifax sees Q3 2026 revenue between $1.68 bln and $1.71 bln

• Company expects Q3 2026 adjusted EPS of $2.15 to $2.25

• Equifax doubles 2026-2028 AI-driven cost reduction target to $150 mln

Result Drivers

• USIS GROWTH - USIS segment revenue rose 17% in Q2, with mortgage revenue up 40%, driven by increased activity in U.S. mortgage and diversified markets

• WORKFORCE SOLUTIONS - Workforce Solutions revenue grew 7%, led by double-digit gains in Talent Solutions and Consumer Lending, and new government contracts totaling about $300 mln in annual value

• PRODUCT INNOVATION - New product launches leveraging EFX Cloud and AI contributed to a 16% new product Vitality Index, above the company's long-term goal

Company press release: ID:nPnc2mb3na

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Revenue	Meet	$1.70 bln	$1.70 bln (18 Analysts)
Q2 Adjusted EPS	Beat	$2.25	$2.20 (20 Analysts)
Q2 EPS		$1.54

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the professional information services peer group is "buy"

• Wall Street's median 12-month price target for Equifax Inc is $220.00, about 22.2% above its July 20 closing price of $180.08

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads

• July 20 - NY Fed survey finds highest credit application rate in nearly five years

• July 21 - Synchrony beats profit estimates on solid spending, higher interest income

• July 20 - Capital One defeats lawsuit alleging excessive credit-card rates

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