10-QPeriod: Q3 FY2025

EQUIFAX INC Quarterly Report for Q3 Ended Sep 30, 2025

Filed October 21, 2025For Securities:EFX

Summary

Equifax Inc. reported solid financial performance for the third quarter and first nine months of 2025, demonstrating growth across its key segments. Total operating revenue increased by 7% in Q3 and 6% year-to-date, driven by strong performance in U.S. Information Solutions (USIS) and Workforce Solutions, with International also showing positive momentum. Net income attributable to Equifax grew by 13% for both periods, reflecting improved operational efficiency and a lower effective tax rate in Q3. The company's operational highlights include increased dividends per share and continued share repurchases under a newly authorized $3 billion program, signaling confidence in its financial position and commitment to shareholder returns. While facing some cost pressures, particularly in selling, general, and administrative expenses, Equifax has managed to improve its operating margins in key segments and maintain overall profitability. The company's liquidity remains strong, supported by robust operating cash flows and available credit facilities, positioning it well to navigate the current economic landscape.

Financial Highlights

51 data points
Beta

Revenue

$1.54B

Net Income

$160.20M

10.4% Net Margin

EPS (Diluted)

$1.29

Total Assets

$11.83B

Cash & Equivalents

$189.00M

Free Cash Flow

$559.90M

Financial Statements
Beta
Revenue$1.54B
SG&A Expenses$434.10M
Operating Expenses$1.28B
Operating Income$264.30M
Net Income$160.20M
EPS (Basic)$1.30
EPS (Diluted)$1.29
Shares Outstanding (Basic)123.10M
Shares Outstanding (Diluted)124.10M

Key Highlights

  • 1Total operating revenue increased by 7% year-over-year in Q3 2025 to $1,544.9 million and by 6% for the first nine months to $4,523.9 million.
  • 2Net income attributable to Equifax rose by 13% for both the third quarter ($160.2 million) and the first nine months ($484.5 million) compared to the prior year.
  • 3U.S. Information Solutions (USIS) revenue saw significant growth, up 11% in Q3 and 9% year-to-date, driven by strong performance in Online Information Solutions.
  • 4Workforce Solutions revenue grew by 5% in both Q3 and year-to-date, primarily from strong Verification Services performance.
  • 5Diluted earnings per share increased to $1.29 in Q3 2025 from $1.13 in Q3 2024, and to $3.89 year-to-date from $3.44.
  • 6The company paid a quarterly cash dividend of $0.50 per share, an increase from $0.39 in the prior year, and repurchased $427.4 million of common stock year-to-date.
  • 7Operating margin for USIS improved to 23.2% in Q3 2025 from 20.6% in Q3 2024, indicating enhanced profitability in this segment.

Frequently Asked Questions

Equifax's operating revenue for the third quarter of 2025 increased by 7% to $1,544.9 million, compared to $1,441.8 million in the same period of 2024. This growth was observed across all three business segments: Workforce Solutions, U.S. Information Solutions, and International.

Net income attributable to Equifax for the third quarter of 2025 was $160.2 million, a 13% increase from $141.3 million in the prior year. Diluted earnings per share was $1.29, up from $1.13 in the third quarter of 2024.

Equifax continues to return capital to shareholders. The Board of Directors approved an increase in the quarterly cash dividend to $0.50 per share. The company also has a significant share repurchase authorization, with approximately $2.6 billion available for future purchases as of September 30, 2025, and repurchased $427.4 million of common stock year-to-date.

The filing notes an increase in Selling, General and Administrative (SG&A) expenses, up 14% in Q3 and 8% year-to-date, primarily attributed to higher people costs and litigation expenses. Depreciation and amortization also increased due to amortization of capitalized internal-use software costs.