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ATLANTA - On Tuesday, Equifax Inc . (NYSE:EFX) reported second-quarter earnings that exceeded analyst expectations, driven by strong mortgage revenue growth despite a challenging market environment.
The credit reporting agency’s shares rose 2.45% in pre-market trading following the announcement.
The company posted adjusted earnings of $2.00 per share, beating analyst estimates of $1.50, while revenue reached $1.537 billion, surpassing the consensus forecast of $1.51 billion. Total (EPA:TTEF) revenue increased 7% on a reported basis and 8% in local currency compared to the same period last year.
Equifax delivered impressive U.S. mortgage revenue growth of 14% despite an overall decline in the mortgage market. Workforce Solutions revenue grew 8%, with Verification Services up 10%, while U.S. Information Solutions (USIS) revenue increased 9%, led by mortgage revenue growth of 20%.
"Equifax delivered strong second quarter revenue of $1.537 billion, up 8% on a local currency basis and 7% on a reported basis that was $27 million above the mid-point of our April guidance," said Mark W. Begor, Equifax Chief Executive Officer. "This was led by strong 14% U.S. Mortgage revenue growth and continued momentum in New Product Innovation with a Vitality Index of 14% despite headwinds from the U.S. Mortgage and Hiring markets."
For the third quarter of 2025, Equifax forecasts revenue between $1.505 billion and $1.535 billion, with the midpoint aligning with analyst expectations of $1.531 billion. The company projects adjusted earnings per share of $1.87 to $1.97, with the midpoint matching the consensus estimate of $1.99.
The company maintained its full-year 2025 constant currency revenue guidance due to economic uncertainties, while increasing its full-year reported revenue forecast by $35 million and adjusted EPS by $0.03 per share to account for foreign exchange impacts.
Equifax returned approximately $190 million to shareholders during the quarter, including $127 million in share repurchases under its new $3 billion share repurchase program.
International revenue grew 4% on a reported basis and 6% in local currency, with Latin America leading growth at 11% in local currency, followed by Europe at 6%.
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