EFX 8-K — Smart Summary

Equifax Inc. reported Q1 2026 financial results on April 21, 2026, delivering record first quarter revenue of $1.648 billion, up 14% year-over-year and $37 million above the midpoint of February guidance. The company returned $327 million in cash to shareholders and is maintaining full-year constant dollar revenue growth guidance while increasing reported revenue guidance by $25 million and Adjusted EPS by $0.04 per share for foreign exchange impact.

• Revenue: $1,648.9 million in Q1 2026, up 14% reported and 13% local currency vs. Q1 2025 ($1,442.0 million)
• Operating income: $287.7 million in Q1 2026, up from $235.8 million in Q1 2025
• Operating margin: 17.5% in Q1 2026 vs. 16.4% in Q1 2025
• Net income attributable to Equifax: $171.5 million, up 29% vs. $133.1 million in Q1 2025
• Diluted EPS: $1.42 per share, up 34% vs. $1.06 per share in Q1 2025
• Adjusted EPS: $1.86, up 22% vs. $1.53 in Q1 2025
• Adjusted EBITDA: $477.4 million, up 13% vs. $423.1 million; Adjusted EBITDA margin 29.0% vs. 29.3% in Q1 2025
• Cash provided by operating activities: $241.9 million in Q1 2026 vs. $223.9 million in Q1 2025
• Free cash flow (cash from operations less capex): $241.9M - $120.4M = $121.5 million in Q1 2026 vs. $223.9M - $107.2M = $116.7 million in Q1 2025

• Workforce Solutions: Revenue $683.1 million, up 10% YoY; Operating margin 45.3% vs. 42.7%; Adjusted EBITDA margin 52.3% vs. 50.1%
• U.S. Information Solutions (USIS): Revenue $605.6 million, up 21% YoY; Operating margin 20.2% vs. 21.1%; Adjusted EBITDA margin 30.3% vs. 34.1%
• International: Revenue $360.2 million, up 11% reported and 4% local currency; Operating margin 9.5% vs. 7.8%; Adjusted EBITDA margin 25.0% vs. 24.1%

• Returned $327 million in cash to shareholders in Q1 2026 through share repurchases and quarterly dividend
• Repurchased 1.3 million shares for $260.0 million in Q1 2026 (no repurchases in Q1 2025)
• Dividends paid: $67.1 million in Q1 2026 vs. $48.5 million in Q1 2025; dividends per common share $0.56 vs. $0.39
• Cash and cash equivalents: $183.4 million at March 31, 2026 vs. $180.8 million at December 31, 2025
• Short-term debt and current maturities of long-term debt: $1,252.5 million at March 31, 2026 vs. $1,038.0 million at December 31, 2025
• Long-term debt: $4,055.6 million at March 31, 2026 vs. $4,055.3 million at December 31, 2025
• Treasury stock outstanding: 69.4 million shares at March 31, 2026 vs. 68.3 million shares at December 31, 2025

• "Equifax delivered a very strong first quarter performance executing on our EFX2028 Strategic Priorities with reported revenue of $1.649 billion, up a strong 14%, with 13% local currency revenue growth which was $37 million above the midpoint of our February guidance." — Mark W. Begor, Equifax Chief Executive Officer
• "We are maintaining our full-year 2026 Guidance midpoint expectation for local currency revenue growth of about 10%. Despite our strong, above guidance first quarter results principally from stronger U.S. mortgage activity in the first half of the quarter, we are maintaining our full-year 2026 Guidance due to the reduction in U.S. mortgage activity from higher rates since the Iran conflict began and the uncertainty in the global macroeconomic environment and direction of U.S. inflation and interest rates." — Mark W. Begor, Equifax Chief Executive Officer

• Q2 2026 reported revenue: $1.680 billion to $1.710 billion; reported revenue growth 9.3% to 11.3%; local currency growth 8.4% to 10.4%; organic local currency growth 8.3% to 10.3%; Adjusted EPS $2.15 to $2.25 per share
• Full Year 2026 reported revenue: $6.685 billion to $6.805 billion (increased by $25 million for FX impact); reported revenue growth 10.0% to 12.0%; local currency growth 9.1% to 11.1%; organic local currency growth 9.0% to 11.0%; Adjusted EPS $8.34 to $8.74 per share (increased by $0.04 for FX impact)
• Full-year constant dollar revenue growth guidance midpoint of approximately 10% maintained due to uncertainty around interest rates and U.S. mortgage activity from the Iran conflict