Equifax Exceeds Third Quarter Expectations and Raises Full Year Financial Guidance

Equifax Shows Strong Performance in Q3 2025

Equifax® (NYSE: EFX) has announced its financial results for the third quarter, revealing a revenue of $1.545 billion, which marks a 7% increase compared to previous periods and exceeds the provided guidance by $25 million. Despite facing challenges from the U.S. hiring and mortgage markets, the company demonstrated resilience and growth across several sectors.

Breakdown of Performance

In the third quarter of 2025, U.S. mortgage revenue grew by an impressive 13%, defying a broader downturn in the mortgage market. Additionally, the Workforce Solutions segment reported a 5% increase in revenue, driven by successful government contracts. The Verification Services segment also noted 5% growth, with mortgage-associated growth resting at 2% while non-mortgage revenue increased by 7%.

The U.S. Information Solutions sector delivered noteworthy revenue growth of 11%, propelled by a remarkable 26% surge in mortgage revenue, alongside a consistent 5% rise in non-mortgage revenue. Internationally, Equifax reported a 6% revenue growth on a reported basis, and 7% in local currencies, primarily led by its operations in Latin America and Canada.

Adjustments to Guidance

In light of these robust results, Equifax has raised its full-year 2025 revenue guidance, increasing expectations by $40 million while also lifting the Adjusted Earnings Per Share (EPS) forecast by $0.12. Free cash flow guidance has similarly been adjusted upward, projected to range between $950 million to $975 million, a reflection of strong operating performance.

The company has successfully returned approximately $360 million to its shareholders, which includes the repurchase of 1.2 million shares for $300 million under its ongoing $3 billion share buyback program.

Innovations and New Product Structures

In addition to these financial accomplishments, Equifax is introducing a revamped mortgage scoring pricing structure to enhance competitiveness in the credit scoring market and reduce costs for American home buyers. Starting in 2026, Equifax will offer VantageScore® 4.0 credit scores at over a 50% reduction compared to traditional FICO mortgage scores.

These strategic initiatives are designed to showcase Equifax's commitment to innovation while also improving market accessibility for consumers and businesses alike, allowing the company to leverage the benefits of alternative data that can potentially extend mortgage access to an additional 33 million U.S. adults.

CEO's Key Insights

Mark W. Begor, CEO of Equifax, expressed satisfaction with the quarter's performance amidst a challenging business environment, indicating the company's solid trajectory. He emphasized the company’s commitment to growth, innovation, and continuous investment in cloud technology to facilitate ongoing financial success and boost shareholder value.

As Equifax continues to execute its strategic initiatives, its leadership remains optimistic about achieving higher growth, improved margins, and accelerating cash flow in the second half of the year, reaffirming its dominant position in the financial landscape.