10-QPeriod: Q1 FY2025

EQUIFAX INC Quarterly Report for Q1 Ended Mar 31, 2025

Filed April 22, 2025For Securities:EFX

Summary

Equifax Inc. (EFX) reported its first-quarter 2025 financial results, demonstrating solid top-line growth and improved profitability. Total operating revenue increased by 4% year-over-year to $1.44 billion, driven by strong performance in the U.S. Information Solutions and Workforce Solutions segments. Net income attributable to Equifax rose by 7% to $133.1 million, translating to diluted earnings per share (EPS) of $1.06, a 6% increase from the prior year. Operationally, the company maintained healthy margins, with operating income growing 5% and the operating margin improving slightly to 16.4%. The company also highlighted recent strategic decisions, including the termination of its existing share repurchase authorization and approval of a new authorization for up to $3 billion, along with an increase in its quarterly cash dividend to $0.50 per share starting in the second quarter of 2025. These actions signal management's confidence in the company's financial health and commitment to returning value to shareholders.

Financial Highlights

50 data points
Beta

Revenue

$1.44B

Net Income

$133.10M

9.2% Net Margin

EPS (Diluted)

$1.06

Total Assets

$11.85B

Cash & Equivalents

$195.20M

Free Cash Flow

$223.90M

Financial Statements
Beta
Revenue$1.44B
SG&A Expenses$374.90M
Operating Expenses$1.21B
Operating Income$235.80M
Net Income$133.10M
EPS (Basic)$1.07
EPS (Diluted)$1.06
Shares Outstanding (Basic)124.10M
Shares Outstanding (Diluted)125.10M

Key Highlights

  • 1Total operating revenue grew 4% to $1.44 billion, exceeding the prior year's $1.39 billion.
  • 2Net income attributable to Equifax increased by 7% to $133.1 million, up from $124.9 million in Q1 2024.
  • 3Diluted Earnings Per Share (EPS) rose by 6% to $1.06 from $1.00 year-over-year.
  • 4Operating income saw a 5% increase, reaching $235.8 million, with a slight improvement in operating margin to 16.4%.
  • 5U.S. Information Solutions segment revenue grew by 7%, driven by Online Information Solutions and Financial Marketing Services.
  • 6The company announced a new $3 billion share repurchase authorization and increased its quarterly dividend to $0.50 per share.
  • 7Cash provided by operating activities was $223.9 million, although lower than the prior year's $252.7 million, indicating solid cash generation.

Frequently Asked Questions

Equifax's total operating revenue increased by 4% to $1.44 billion in the first quarter of 2025, up from $1.39 billion in the first quarter of 2024. This growth was primarily driven by contributions from the U.S. Information Solutions and Workforce Solutions segments.

Net income attributable to Equifax increased by 7% to $133.1 million, resulting in diluted earnings per share (EPS) of $1.06, a 6% increase compared to $1.00 in the prior year's quarter. Operating income also grew by 5% to $235.8 million, and the operating margin slightly improved to 16.4%.

Equifax announced two key capital allocation initiatives: the termination of its existing share repurchase authorization and the approval of a new authorization to repurchase up to $3 billion of its common stock. Additionally, the company's Board of Directors approved an increase in the quarterly cash dividend to $0.50 per share, effective from the second quarter of 2025.

The International segment's revenue increased by 1% to $323.5 million. While overall reported revenue saw modest growth, on a local currency basis, revenue increased by 7%. This growth was primarily driven by positive performance in Latin America and Asia Pacific, though foreign currency fluctuations had a negative impact on reported revenue.