EarningsQ2 2026 Earnings Report
MX:EFX Q2 2026 EPS Results
Actual EPS$38.20
Consensus EPS$37.38
Beat/MissBeat by +$0.81
One Year Ago EPS$33.95
MX:EFX Q2 2026 Revenue Results
Actual Revenue$28.86B
Expected Revenue$28.79B
Beat/MissBeat by +$66.58M
YoY Revenue Growth+10.61%
Earnings Announcement Details
QuarterQ2 2026
Date07/21/2026
TimeBefore Open
Conference CallTuesday, July 21, 2026
MX:EFX Upcoming Earnings
Equifax's next earnings date is estimated for October 21, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:EFX Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong underlying operating performance: revenue and EPS beat expectations, meaningful EBITDA and margin expansion (notably ex-FICO), solid free cash flow and shareholder returns, rapid AI-driven product and productivity momentum, and an accretive strategic acquisition (Círculo). Headwinds include a legal settlement charge, near-term mortgage market weakness related to higher rates (pressuring origination volumes), some international softness, timing of government revenue recognition (many benefits push to 2027), FX headwinds, and potential longer-term shifts if VantageScore adoption reduces FICO royalties. On balance the positive operational execution, margin gains, cash generation, AI progress and strategic M&A materially outweigh the near-term challenges.Company Guidance
Revenue and EPS Beat
Total revenue $1.7B, up 11% reported and 10% constant currency, $5M above April guidance midpoint; EPS $2.25, up 13% and $0.05 above the April midpoint.
Strong EBITDA and Margin Expansion
Q2 adjusted EBITDA $552M, up ~10.5% YoY; EBITDA margin excluding FICO ~35%, up ~120 bps YoY and ~40 bps above April midpoint (reported EBITDA margin 32.5% flat YoY).
Free Cash Flow and Shareholder Returns
Returned $366M to shareholders in Q2 (repurchased ~1.8M shares for ~$300M; $66M dividends); 12-month returns >$1.6B (100% of operating cash flow); expect >$1B free cash flow in 2026 and cash conversion >100%.
AI and New Product Momentum
Launched 54 new products with AI embedded in H1; New Product Vitality Index 16% (above 2026 goal of 15% and long-term 10%); doubled AI for EFX productivity goal from $75M to $150M (2026–2028).
Strategic Acquisition — Círculo de Crédito
Signed definitive agreement to acquire Círculo de Crédito for EV $750M (11.7x 2026 EBITDA, ~9.4x including run-rate synergies); Círculo LTM revenue growth +31%, 2023–2025 CAGR 23%, mid-40s adjusted EBITDA margins; deal expected accretive in year one and to close in 4Q subject to approvals.
Workforce Solutions & TWN Growth
Workforce Solutions revenue +7% in Q2; TWN active records +10% to 217M and 124M current active records (also +10%, representing 108M unique SSNs); EWS mortgage revenue +8%; signed ~ $300M ACV with state governments (≈$100M new, $200M renewals) reinforcing long runway against a $5B TAM.
USIS Strong Performance and Share Gains
USIS revenue +17% (6% ex-FICO); diversified markets +6% (accelerated >300 bps sequentially); consumer direct (D2C) +11%; USIS mortgage revenue +40% (mid-single digits ex-FICO); USIS EBITDA margin ex-FICO 40.5%, up >140 bps YoY.
VantageScore Adoption Traction
VantageScore pulls up ~3x Q/Q to ~2.2M transactions; ~1,200 lenders pulling free VantageScore alongside paid FICO for testing; ~100 smaller lenders using VantageScore-only at the $1 price point (≈10k transactions in Q2).
MX:EFX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed