10-KPeriod: FY2025

EQUIFAX INC Annual Report, Year Ended Dec 31, 2025

Filed February 19, 2026For Securities:EFX

Summary

Equifax Inc. reported strong financial performance for the year ending December 31, 2025, with operating revenue increasing by 7% to $6.07 billion. This growth was driven by all three business segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The company's strategic focus on leveraging its cloud capabilities, expanding its data assets, and fostering a customer-centric culture appears to be yielding positive results, as evidenced by the consistent revenue growth across segments. Despite a challenging economic environment characterized by uncertainty in inflation and interest rates, Equifax has demonstrated resilience. The company is actively managing its capital structure, evidenced by share repurchases totaling $927.4 million in 2025 and an increased quarterly dividend. Management anticipates continued growth, albeit with a slight moderation in the U.S. mortgage market for 2026. The company's commitment to technology transformation, data security, and strategic acquisitions remains central to its long-term growth strategy, positioning it for continued success in the evolving data, analytics, and technology landscape.

Financial Highlights

52 data points
Beta

Revenue

$6.07B

Net Income

$660.30M

10.9% Net Margin

EPS (Diluted)

$5.32

Total Assets

$11.86B

Cash & Equivalents

$180.80M

Free Cash Flow

$1.62B

Financial Statements
Beta
Revenue$6.07B
SG&A Expenses$1.61B
Operating Expenses$4.98B
Operating Income$1.10B
Net Income$660.30M
EPS (Basic)$5.36
EPS (Diluted)$5.32
Shares Outstanding (Basic)123.20M
Shares Outstanding (Diluted)124.10M

Key Highlights

  • 1Operating revenue grew 7% year-over-year to $6.07 billion in 2025, demonstrating broad-based strength across all segments.
  • 2Workforce Solutions revenue increased 6%, driven by Verification Services, with Employer Services seeing a slight decline.
  • 3U.S. Information Solutions (USIS) revenue grew 10%, with strong performance in Online Information Solutions, particularly in mortgage and diversified markets.
  • 4International segment revenue increased by 4% (6% in local currency), with positive contributions from Latin America and Europe.
  • 5Net income attributable to Equifax increased by 9% to $660.3 million, reflecting improved operational efficiency and revenue growth.
  • 6The company repurchased $927.4 million of its common stock in 2025 under a new $3 billion authorization, signaling confidence in its financial position and commitment to shareholder returns.
  • 7Equifax's cloud technology transformation is a key strategic imperative, aimed at accelerating innovation, improving efficiency, and enhancing product delivery.

Frequently Asked Questions

Equifax's financial performance in 2025 was primarily driven by a 7% increase in operating revenue to $6.07 billion. This growth was supported by strong performance across all three segments: Workforce Solutions (up 6%), U.S. Information Solutions (USIS) (up 10%), and International (up 4%). Key contributing factors included increased demand in diversified markets, growth in mortgage-related services within USIS, and the company's ongoing cloud technology transformation initiatives.

Equifax demonstrated a strong commitment to shareholder returns in 2025. The company repurchased $927.4 million of its common stock under a new $3 billion authorization, signaling confidence in its value and financial health. Additionally, the quarterly cash dividend was increased to $0.50 per share, reflecting a commitment to returning capital to shareholders.

Equifax identifies technology and data security risks as paramount, particularly concerning potential cybersecurity breaches. The company has invested significantly in its information security program, aligning with NIST frameworks, and has robust incident detection and response processes. Other key risks include market demand fluctuations due to economic conditions, competition, and the successful execution of its technology transformation. Equifax is addressing these through continuous investment in security, strategic partnerships, product innovation, and disciplined execution of its business strategy.

For 2026, Equifax anticipates continued economic uncertainty globally, with U.S. GDP growth expected to be consistent with 2025. The U.S. mortgage market is projected to be slightly below 2025 levels, particularly impacting mortgage credit activity. International economic activity is also expected to grow at rates below those experienced in 2025. Despite these macroeconomic factors, Equifax's diversified business model and strategic initiatives are expected to support ongoing performance.