Equifax ( (EFX) ) has released its Q1 earnings. Here is a breakdown of the information Equifax presented to its investors.
Equifax is a global data, analytics, and technology company that plays a crucial role in the global economy by providing insights to financial institutions, companies, employers, and government agencies. The company is headquartered in Atlanta and operates in 24 countries worldwide.
In its latest earnings report, Equifax announced a strong performance for the first quarter of 2025, with revenue reaching $1.442 billion, a 4% increase from the previous year. The company exceeded its guidance by $37 million despite challenges in the U.S. hiring and mortgage markets. Additionally, Equifax has authorized a new $3 billion share repurchase program and announced a 28% increase in its quarterly dividend.
Key financial highlights include a 7% growth in U.S. mortgage revenue and a 3% increase in Workforce Solutions revenue. The company’s USIS segment reported a 7% revenue growth, driven by an 11% increase in mortgage revenue. International revenue grew by 7% on a local currency basis. Equifax’s new product innovation, leveraging its EFX Cloud, achieved an 11% vitality index, surpassing its long-term goal.
Looking ahead, Equifax maintains its full-year 2025 guidance, anticipating a 6% local currency revenue growth and adjusted EPS of $7.45 per share. Despite the strong first-quarter results, the company remains cautious due to uncertainties in the global macroeconomic environment and U.S. inflation and interest rates.
Equifax’s management is optimistic about the future, focusing on growth, innovation, and free cash flow generation. With over 85% of its revenue now in the cloud, the company is poised to leverage its cloud capabilities for new product innovation and continued investment in data, analytics, and AI capabilities.