Equifax Inc
EFX.US Full Coverage
Last updated:
Volume
52W avg
Day Range
52W High
52W Low
Market Cap
Div Yield
Forward P/E
P/B
Headlines
FY2026 Q2
Equifax announced a $750 million acquisition of Círculo de Crédito, a high‑growth Mexican credit bureau, as a cornerstone of its long‑term strategy. The company delivered Q2 revenue of $1.70 billion, up 11% YoY, and adjusted EPS of $2.25, meeting the high end of its forecast while maintaining full‑year guidance despite FX headwinds. It also doubled its 2026‑2028 AI‑driven productivity‑savings target to $150 million and secured $300 million of ACV in its Government segment, including $100 million of new business.
Adjusted EPS
$2.25
+13%
Total Revenue
$1.700B
+11%
AI Productivity Savings Target (2026-28)
$150M
+100%
Adjusted EBITDA Margin Expansion (ex-FICO)
120 bps
+120 bps
USIS Diversified Markets Revenue Growth (Seq.)
6%
+300 bps
What We're Watching
Opportunity
Government Contract Revenue Ramp
📅
Next Quarter / H2 2026
What to Monitor
The initial revenue contribution, even if small, from the newly signed $300M in ACV. Any commentary on the continued conversion of the sales pipeline, which remains up 2x YoY.
Why It Matters
This is the most significant forward-looking indicator provided. Confirming the start of the revenue ramp will build confidence in the major growth acceleration expected in 2027 and validate the government vertical strategy.
Strategic
AI Productivity Savings Realization
📅
Ongoing
What to Monitor
Specific examples or quantification of savings from Technology and G&A functions, which are new areas of focus for the program. Any updates on the cadence of achieving the doubled $150M target through 2028.
Why It Matters
The savings target was doubled, making it a material driver of future margin expansion. Tracking its realization beyond Operations is crucial to validating the company’s long-term margin targets and the ROI on its tech investments.
Strategic
Círculo de Crédito Acquisition & Integration
📅
Q4 2026
What to Monitor
Successful regulatory approval and closing of the $750 million transaction. Any initial commentary on integration plans and synergy realization.
Why It Matters
The acquisition is central to the company’s international growth and capital allocation strategy. A smooth closing and successful integration are key to realizing the expected earnings accretion and validating the bolt-on M&A pillar of the "New Equifax" thesis.
Operational
VantageScore Paid Adoption Velocity
📅
Ongoing
What to Monitor
Growth in the number of lenders moving from testing (~1,200) to paid, exclusive use (currently ~100). An increase in the quarterly volume of paid transactions (currently ~10,000).
Why It Matters
While testing is widespread, the ultimate value lies in converting testers to paying customers. The pace of this conversion is the leading indicator of future margin upside and the industry’s true commitment to adopting a FICO alternative.
Risk
EWS Margin Reinvestment Strategy
📅
Ongoing
What to Monitor
Commentary on the balance between reinvesting AI-driven savings in EWS to fuel top-line growth versus allowing savings to flow through to margin expansion.
Why It Matters
Management explicitly stated a goal to maintain the segment’s ~50%+ margin by reinvesting incremental savings. Any deviation could impact either the segment’s high-growth profile or the company’s overall margin expansion trajectory.
