10-QPeriod: Q2 FY2025

EQUIFAX INC Quarterly Report for Q2 Ended Jun 30, 2025

Filed July 22, 2025For Securities:EFX

Summary

Equifax Inc. reported strong financial performance for the second quarter and first half of 2025, with consolidated operating revenue increasing by 7% and 6% year-over-year, respectively. This growth was driven by robust performance across all three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. Net income attributable to Equifax also saw significant increases, up 17% for the quarter and 12% for the half year, leading to higher earnings per share. The company also demonstrated effective cost management, with operating expenses growing slower than revenue, resulting in improved operating margins. Key financial highlights include increased revenue from Verification Services, Online Information Solutions, and international operations, signaling broad-based demand for Equifax's data and analytics services. The company also announced a substantial increase in its quarterly cash dividend and continued its share repurchase program, returning capital to shareholders. Despite economic uncertainties, Equifax maintained a strong liquidity position with significant cash and cash equivalents and available credit facilities, underscoring its financial resilience and commitment to shareholder value.

Financial Statements
Beta
Revenue$1.54B
SG&A Expenses$384.20M
Operating Expenses$1.23B
Operating Income$310.80M
Net Income$191.30M
EPS (Basic)$1.54
EPS (Diluted)$1.53
Shares Outstanding (Basic)124.00M
Shares Outstanding (Diluted)125.00M

Key Highlights

  • 1Consolidated operating revenue increased by 7% to $1.54 billion for Q2 2025 and by 6% to $2.98 billion for the first six months of 2025, year-over-year.
  • 2Net income attributable to Equifax rose by 17% to $191.3 million for Q2 2025 and by 12% to $324.3 million for the first six months of 2025.
  • 3Diluted EPS increased to $1.53 for Q2 2025 and $2.59 for the first six months of 2025, up from $1.31 and $2.31 in the prior year periods, respectively.
  • 4Operating margin improved to 20.2% in Q2 2025 and 18.4% in H1 2025, reflecting strong revenue growth and controlled operating expenses.
  • 5Workforce Solutions and U.S. Information Solutions (USIS) both reported strong revenue growth of 8% and 9% respectively for Q2 2025.
  • 6The company increased its quarterly cash dividend by approximately 28% to $0.50 per share, effective Q2 2025.
  • 7Equifax repurchased $127.4 million of its common stock in the first six months of 2025, and has $2.9 billion remaining under its share repurchase authorization.

Frequently Asked Questions

Equifax experienced solid revenue growth, with consolidated operating revenue increasing by 7% to $1.54 billion for the second quarter ended June 30, 2025, and by 6% to $2.98 billion for the first six months ended June 30, 2025, compared to the same periods in 2024. This growth was broadly distributed across its Workforce Solutions, U.S. Information Solutions, and International segments.

Profitability improved significantly. Net income attributable to Equifax increased by 17% to $191.3 million in Q2 2025 and by 12% to $324.3 million in the first six months of 2025. Consequently, diluted EPS rose to $1.53 for the second quarter and $2.59 for the first six months, reflecting the strong bottom-line performance.

Equifax demonstrated effective cost management, with operating expenses growing at a slower pace (7% for Q2 and 5% for H1) than revenue. This led to an expansion of operating margins to 20.2% for the second quarter and 18.4% for the first six months of 2025, up from 19.7% and 18.0%, respectively, in the prior year periods.

Equifax is actively returning capital to shareholders. The company increased its quarterly cash dividend to $0.50 per share beginning in Q2 2025, representing a significant increase from the prior year. Additionally, Equifax repurchased $127.4 million of its common stock in the first six months of 2025 and has approximately $2.9 billion remaining under its authorized share repurchase program, signaling confidence in its financial position and commitment to shareholder value.