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ATLANTA - Equifax Inc . (NYSE:EFX) reported better-than-expected first quarter results on Tuesday, as the credit reporting agency saw revenue growth across its key segments despite headwinds in the mortgage and hiring markets.
Equifax shares rose 1.35% in premarket trading following the earnings release.
The company also announced a dividend increase and new share repurchase program.
Equifax posted adjusted earnings of $1.53 per share on revenue of $1.44 billion for the quarter ended March 31. Analysts had expected earnings of $1.50 per share on revenue of $1.40 billion.
Total (EPA:TTEF) revenue rose 4% year-over-year, or 5% on a local currency basis. The company said revenue came in $37 million above the midpoint of its guidance range.
"Equifax delivered strong first quarter revenue of $1.442 billion, up 4% on a reported basis and 5% on a local currency basis that was $37 million above the mid-point of our February guidance, led by strong 7% U.S. Mortgage revenue growth," said CEO Mark Begor.
The Workforce Solutions segment saw revenue grow 3% to $618.6 million, with Verification Services up 5%. U.S. Information Solutions revenue increased 7% to $499.9 million, driven by 11% growth in mortgage revenue. International revenue rose 1% as reported and 7% in local currency to $323.5 million.
Equifax maintained its full-year 2025 guidance for local currency revenue growth of 6% and adjusted EPS of $7.45 per share, citing uncertainty in the macroeconomic environment.
The company’s board authorized a new $3 billion share repurchase program and approved a 28% increase in the quarterly dividend to $0.50 per share.
The stock has gained about 10% year-to-date.
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