Equifax Inc.

EFX · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$26,557	$31,589	$30,470	$23,798	$35,721	$23,527	$17,095	$11,362	$14,386	$14,424	$13,587	$9,801	$8,374	$6,489	$4,722	$4,443	$3,901	$3,397	$4,800	$5,160	$4,931	$3,690	$3,295	$3,156	$3,300	$3,856	$3,240	$4,834	$5,112	$4,459	$3,222	$1,960	$2,022	$1,691	$1,302	$763	$766	$623	$590	$464	$412
Enterprise value	$31,489	$36,447	$35,983	$29,317	$40,808	$26,262	$20,120	$13,822	$16,819	$17,026	$14,729	$11,234	$9,620	$8,099	$5,628	$5,340	$4,986	$4,569	$6,105	$5,596	$5,450	$4,292	$4,079	$4,050	$4,023	$4,815	$4,116	$5,661	$5,412	$4,776	$3,519	$2,156	$2,138	$1,800	$1,317	$854	$888	$691	$612	$491	$439
P/E (TTM) at period end	40.22×	52.29×	55.88×	34.18×	48.00×	45.24×	–	36.59×	24.50×	29.51×	31.66×	26.68×	23.80×	23.85×	20.28×	16.66×	16.68×	12.45×	17.60×	18.80×	20.00×	15.72×	19.98×	17.73×	26.94×	16.91×	15.00×	25.00×	27.83×	25.11×	21.82×	16.29×	31.84×	19.83×	24.06×	11.94×	21.46×	18.32×	19.28×	18.13×	22.50×
P/S (TTM) at period end	4.37×	5.56×	5.79×	4.65×	7.25×	5.70×	4.87×	3.33×	4.28×	4.59×	5.10×	4.02×	3.63×	3.13×	2.49×	2.39×	2.27×	1.76×	2.60×	3.34×	3.42×	2.90×	2.72×	2.88×	2.90×	3.24×	1.83×	2.98×	3.74×	3.65×	2.92×	1.38×	1.66×	1.49×	1.19×	0.71×	0.91×	0.84×	0.88×	0.73×	0.73×
P/B at period end	5.77×	6.59×	6.72×	6.01×	9.97×	7.43×	6.63×	3.66×	4.53×	5.42×	5.88×	4.45×	3.64×	3.36×	2.77×	2.63×	2.44×	2.59×	3.43×	6.16×	6.01×	7.05×	8.87×	14.28×	13.55×	10.05×	15.03×	13.19×	14.63×	10.49×	9.12×	5.42×	7.96×	6.56×	3.72×	2.04×	3.10×	2.77×	4.71×	4.26×	4.32×
EV / EBITDA (TTM)	17.28×	21.16×	23.16×	18.05×	25.07×	24.41×	10589.71×	18.09×	14.98×	15.57×	16.48×	13.34×	12.00×	12.59×	8.88×	9.05×	9.22×	7.69×	9.94×	10.79×	10.81×	9.44×	9.99×	9.37×	11.17×	11.61×	7.63×	12.06×	13.50×	14.28×	12.32×	7.69×	12.29×	9.23×	8.87×	5.07×	8.07×	–	–	–	–
EV / Sales (TTM)	5.18×	6.42×	6.83×	5.72×	8.29×	6.36×	5.74×	4.05×	5.00×	5.41×	5.53×	4.61×	4.18×	3.91×	2.97×	2.87×	2.91×	2.36×	3.31×	3.62×	3.78×	3.37×	3.37×	3.70×	3.53×	4.05×	2.32×	3.49×	3.96×	3.91×	3.18×	1.52×	1.76×	1.59×	1.20×	0.79×	1.06×	0.93×	0.91×	0.77×	0.78×
Returns
Return on equity	14.3%	12.6%	12.0%	17.6%	20.8%	16.4%	(14.9%)	10.0%	18.5%	18.4%	18.6%	16.7%	15.3%	14.1%	13.7%	15.8%	14.6%	20.8%	19.5%	32.8%	30.0%	44.8%	44.4%	80.5%	50.3%	59.4%	100.1%	52.8%	52.6%	41.8%	41.8%	33.2%	25.0%	33.1%	15.4%	17.1%	14.4%	15.1%	24.4%	23.5%	19.2%
Return on invested capital	8.5%	8.1%	7.1%	8.4%	10.3%	8.8%	(5.5%)	6.9%	11.9%	10.7%	13.7%	11.4%	11.1%	8.6%	10.6%	10.6%	9.6%	12.6%	11.5%	22.6%	19.9%	20.6%	17.2%	19.2%	15.2%	12.5%	22.4%	18.1%	28.6%	21.0%	20.3%	22.2%	18.2%	22.7%	14.7%	14.0%	10.8%	12.0%	21.4%	19.7%	18.8%
Dividend yield	0.9%	0.6%	0.6%	0.8%	0.5%	0.8%	1.1%	1.7%	1.3%	1.1%	1.0%	1.2%	1.3%	1.3%	1.7%	0.8%	0.5%	0.6%	0.4%	0.4%	0.4%	0.4%	0.3%	0.4%	1.0%	1.4%	1.6%	1.1%	1.0%	1.1%	1.6%	2.4%	2.1%	2.5%	3.3%	4.7%	2.8%	–	–	–	–
Financial health
Current ratio	0.60×	0.75×	0.67×	0.68×	0.49×	1.00×	0.89×	1.09×	0.60×	0.53×	0.93×	0.72×	0.98×	0.83×	1.25×	1.36×	0.85×	1.11×	0.78×	0.59×	0.95×	0.66×	0.81×	0.67×	1.30×	2.26×	1.21×	1.24×	1.22×	1.33×	1.46×	1.25×	1.97×	2.17×	1.99×	2.11×	1.30×	1.27×	1.90×	1.68×	1.31×
Debt / equity	1.11×	1.04×	1.26×	1.46×	1.48×	1.38×	1.31×	0.85×	0.85×	1.00×	0.51×	0.69×	0.63×	0.90×	0.60×	0.59×	0.73×	0.93×	0.99×	0.60×	0.68×	1.25×	2.22×	4.18×	3.10×	2.73×	4.70×	2.50×	1.01×	0.86×	0.91×	0.76×	0.79×	0.75×	0.34×	0.43×	0.55×	0.33×	0.24×	0.31×	0.32×
Effective tax rate	25.8%	25.1%	23.2%	24.7%	21.1%	23.2%	8.6%	14.4%	19.9%	32.0%	31.7%	34.9%	35.6%	36.2%	41.2%	35.1%	32.2%	28.9%	35.8%	34.0%	36.9%	38.4%	36.7%	39.4%	42.1%	43.4%	41.0%	40.9%	42.6%	41.7%	40.5%	42.0%	43.3%	41.1%	42.1%	43.4%	40.6%	41.5%	45.7%	45.1%	44.4%
Share count
Diluted shares outstanding	124	125	124	123	124	123	122	121	122	121	121	124	124	122	124	126	128	130	135	129	132	134	137	136	137	136	140	144	148	149	154	149	151	164	164	94	96	92	85	85	83

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$6,592	$6,074	$5,681	$5,265	$5,122	$4,924	$4,128	$3,508	$3,412	$3,362	$3,145	$2,664	$2,436	$2,304	$2,073	$1,893	$1,860	$1,716	$1,936	$1,843	$1,546	$1,443	$1,273	$1,211	$1,095	$1,139	$1,189	$1,773	$1,621	$1,366	$1,223	$1,105	$1,422	$1,217	$1,134	$1,094	$1,079	$840	$743	$670	$635	$564
Cost of revenue	($2,954)	($2,646)	($2,519)	($2,335)	($2,177)	($1,981)	($1,737)	($1,522)	($1,440)	($1,211)	($1,113)	($887)	($845)	($787)	($760)	($704)	($760)	($719)	($792)	($752)	($626)	($594)	($534)	($500)	($416)	($451)	($513)	($907)	($840)	($702)	($630)	($588)	($905)	($726)	($680)	($658)	($655)	($526)	($501)	($449)	($442)	($401)
Gross profit	$3,638	$3,429	$3,162	$2,930	$2,945	$2,943	$2,390	$1,986	$1,972	$2,152	$2,032	$1,776	$1,592	$1,517	$1,314	$1,189	$1,100	$997	$1,144	$1,091	$920	$849	$739	$711	$679	$688	$676	$866	$781	$664	$593	$518	$517	$492	$454	$436	$424	$314	$242	$221	$194	$163
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($1,645)	($1,614)	($1,450)	($1,386)	($1,329)	($1,325)	($1,322)	($1,990)	($1,213)	($1,032)	($941)	($884)	($752)	($716)	($674)	($560)	($509)	($470)	($491)	($477)	($401)	($345)	($284)	($272)	($247)	($268)	($261)	($326)	($312)	($263)	($259)	($232)	($236)	($318)	($259)	($287)	($255)	($204)	($152)	($136)	($125)	($106)
Total operating expenses	($2,396)	($2,334)	($2,120)	($1,996)	($1,889)	($1,805)	($1,714)	($2,321)	($1,524)	($1,320)	($1,206)	($1,082)	($954)	($905)	($834)	($721)	($677)	($615)	($705)	($605)	($484)	($427)	($363)	($397)	($326)	($434)	($367)	($451)	($415)	($340)	($326)	($296)	($303)	($373)	($313)	($343)	($308)	($247)	($182)	($163)	($145)	($122)
Total costs and expenses	($5,351)	($4,979)	($4,639)	($4,332)	($4,066)	($3,786)	($3,451)	($3,843)	($2,964)	($2,530)	($2,320)	($1,970)	($1,798)	($1,693)	($1,593)	($1,425)	($1,437)	($1,334)	($1,497)	($1,357)	($1,110)	($1,021)	($897)	($896)	($743)	($885)	($881)	($1,358)	($1,255)	($1,042)	($956)	($883)	($1,208)	($1,098)	($993)	($1,001)	($964)	($773)	($683)	($612)	($586)	($523)
Operating income	$1,241	$1,095	$1,042	$934	$1,056	$1,138	$677	($335)	$448	$832	$825	$694	$638	$611	$480	$469	$422	$382	$439	$486	$436	$422	$376	$314	$352	$254	$309	$414	$366	$324	$267	$222	$214	$119	$141	$93	$115	$67	$60	$58	$49	$42
Earnings
EBITDA	$2,000	$1,822	$1,723	$1,553	$1,625	$1,628	$1,076	$2	$764	$1,123	$1,094	$894	$842	$802	$643	$634	$590	$541	$594	$614	$519	$504	$454	$408	$432	$360	$415	$540	$470	$401	$334	$286	$281	$174	$195	$148	$168	$110	–	–	–	–
Interest income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($232)	($212)	($229)	($241)	($183)	($146)	($142)	($112)	($104)	($93)	($92)	($64)	($69)	($70)	($55)	($55)	($56)	($57)	($71)	($58)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,022	$895	$810	$718	$930	$949	$685	($414)	$370	$747	$728	$637	$574	$530	$431	$406	$368	$331	$412	$425	$416	$391	$385	$285	$316	$203	$249	$366	$327	$323	$263	$223	$207	$112	$145	$94	$113	$60	$58	$56	$47	$40
Income tax expense	($274)	($231)	($203)	($166)	($230)	($201)	($159)	$36	($53)	($149)	($233)	($202)	($200)	($189)	($156)	($167)	($129)	($107)	($119)	($152)	($141)	($144)	($148)	($105)	($124)	($85)	($108)	($150)	($134)	($138)	($110)	($90)	($87)	($48)	($59)	($39)	($49)	($24)	($24)	($26)	($21)	($18)
Net income	$743	$660	$604	$545	$696	$744	$520	($384)	$310	$587	$489	$429	$367	$352	$272	$233	$267	$234	$273	$273	$274	$246	$235	$165	$178	$122	$228	$216	$193	$184	$178	$148	$120	$64	$85	$54	$64	$36	$34	$31	$26	$18
Per share
Diluted EPS (GAAP)	$6.19	$5.32	$4.84	$4.40	$5.65	$6.02	$4.24	($3.15)	$2.56	$4.83	$4.04	$3.55	$2.97	$2.84	$2.22	$1.88	$2.11	$1.83	$2.09	$2.02	$2.12	$1.86	$1.76	$1.20	$1.25	$0.85	$1.68	$1.55	$1.34	$1.24	$1.19	$0.96	$0.81	$0.42	$0.52	$0.33	$0.68	$0.37	$0.37	$0.36	$0.30	$0.22
Basic EPS (GAAP)	$6.23	$5.36	$4.88	$4.44	$5.69	$6.11	$4.28	($3.18)	$2.58	$4.89	$4.10	$3.61	$3.03	$2.90	$2.27	$1.91	$2.14	$1.85	$2.13	$2.07	$2.16	$1.90	$1.79	$1.23	$1.25	$0.85	$1.70	$1.57	$1.37	$1.27	$1.22	$0.98	$0.81	$0.43	$0.52	$0.33	$0.68	$0.37	$0.37	$0.36	$0.30	$0.22
Basic shares outstanding	119	123	124	123	122	122	122	121	120	120	119	119	121	121	120	122	125	126	128	132	127	130	131	134	136	137	134	138	141	144	146	151	149	148	164	164	94	96	92	85	85	83
Margins
Gross margin	55.2%	56.4%	55.7%	55.7%	57.5%	59.8%	57.9%	56.6%	57.8%	64.0%	64.6%	66.7%	65.3%	65.8%	63.4%	62.8%	59.1%	58.1%	59.1%	59.2%	59.5%	58.8%	58.1%	58.7%	62.0%	60.4%	56.8%	48.8%	48.2%	48.6%	48.5%	46.8%	36.3%	40.4%	40.1%	39.8%	39.3%	37.4%	32.5%	33.0%	30.5%	28.9%
Operating margin	18.8%	18.0%	18.3%	17.7%	20.6%	23.1%	16.4%	(9.6%)	13.1%	24.7%	26.2%	26.1%	26.2%	26.5%	23.2%	24.8%	22.7%	22.2%	22.7%	26.4%	28.2%	29.2%	29.5%	26.0%	32.2%	22.3%	26.0%	23.4%	22.6%	23.7%	21.8%	20.1%	15.1%	9.8%	12.5%	8.5%	10.7%	8.0%	8.1%	8.7%	7.7%	7.4%
Net margin	11.3%	10.9%	10.6%	10.4%	13.6%	15.1%	12.6%	(11.0%)	9.1%	17.5%	15.5%	16.1%	15.1%	15.3%	13.1%	12.3%	14.3%	13.6%	14.1%	14.8%	17.8%	17.1%	18.4%	13.6%	16.3%	10.8%	19.2%	12.2%	11.9%	13.4%	14.5%	13.4%	8.5%	5.2%	7.5%	4.9%	5.9%	4.2%	4.6%	4.6%	4.0%	3.2%

Analyst consensus

Buy36 analysts

Bearish · 1 · Hold · 12 · Bullish · 23

Earnings history

	EPS	Estimate
Q4 2024	$2.12	$2.12	Match
Q1 2025	$1.53	$1.41	Beat
Q2 2025	$2.00	$1.93	Beat
Q3 2025	$2.04	$1.94	Beat
Q4 2025	$2.09	$2.06	Beat
Q1 2026	$1.86	$1.69	Beat
Q2 2026	$2.25	$2.20	Beat
Q3 2026	$2.26	$2.20	Beat

Peers

Company overview

IPO dateMar 17, 1980

CEOMark W. Begor

Employees15,000

SectorIndustrials

IndustryConsulting Services

CountryUS

ExchangeNew York Stock Exchange

Websitewww.equifax.com

Equifax Inc. operates as a global data and analytics company, delivering a range of information solutions and specialized human resources administrative process outsourcing services. Its clientele spans across businesses, governmental organizations, and individual consumers. The company's operations are structured into three primary divisions: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment specializes in employment-related data, offering verification services for income, employment history, criminal records, and Social Security numbers. It also provides tools for payroll-based transactions, employment tax management, and products aimed at protecting against identity theft. The U.S. Information Solutions (USIS) segment provides a comprehensive suite of services for both consumers and businesses within the United States. These offerings include extensive credit data and scoring, sophisticated credit modeling and portfolio analytics, identity verification and fraud detection/prevention services, and various consulting options. Additionally, USIS supports mortgage services, financial marketing initiatives, identity management solutions, credit monitoring products, and online decisioning technology solutions, alongside portfolio management and mortgage reporting services. Globally, the International segment delivers similar information service products, encompassing consumer and commercial credit and financial data, credit scoring, and advanced modeling. This division also provides credit-related marketing products and services, as well as technology and support for debt collection and recovery management. Equifax serves a diverse array of industries, including financial services, mortgage, employment, telecommunications, retail, automotive, utilities, brokerage, healthcare, and insurance, in addition to federal, state, and local governments. With a substantial international presence, the company conducts business in numerous countries, including the United States, Canada, Australia, New Zealand, India, the United Kingdom, Spain, Portugal, Argentina, Brazil, Mexico, and many other nations across Latin America, Europe, Asia, and the Middle East. Founded in 1899, Equifax maintains its corporate headquarters in Atlanta, Georgia.

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