Earnings summaries and quarterly performance for EQUIFAX.
Executive leadership at EQUIFAX.
Mark W. Begor
Detailed
Chief Executive Officer
CEO
CM
Chad M. Borton
Detailed
Executive Vice President, President, Workforce Solutions
JF
Jamil Farshchi
Detailed
Executive Vice President, Chief Technology Officer and Chief Information Security Officer
JW
John W. Gamble, Jr.
Detailed
Executive Vice President, Chief Financial Officer and Chief Operations Officer
JA
Julia A. Houston
Detailed
Executive Vice President and Chief Legal Officer
PR
Patricio Remon
Detailed
President, Equifax International
Board of directors at EQUIFAX.
AB
Audrey Boone Tillman
Detailed
Director
BA
Barbara A. Larson
Detailed
Director
GT
G. Thomas Hough
Detailed
Director
JA
John A. McKinley
Detailed
Director
KL
Karen L. Fichuk
Detailed
Director
ML
Mark L. Feidler
Detailed
Independent Chairman of the Board
MD
Melissa D. Smith
Detailed
Director
RD
Robert D. Marcus
Detailed
Director
SA
Scott A. McGregor
Detailed
Director
Research analysts who have asked questions during EQUIFAX earnings calls.
KZ
Kelsey Zhu
Autonomous Research
6 questions for EFX
Also covers: FDS, MSCI, TRU +1 more
Scott Wurtzel
Wolfe Research
6 questions for EFX
Also covers: ADP, BR, CLVT +11 more
TK
Toni Kaplan
Morgan Stanley
6 questions for EFX
Also covers: ADT, ARMK, BFAM +18 more
AN
Andrew Nicholas
William Blair & Company
5 questions for EFX
Also covers: AMTD, CBZ, CLVT +16 more
AS
Andrew Steinerman
JPMorgan Chase & Co.
5 questions for EFX
Also covers: ARMK, BFAM, CTAS +15 more
CH
Craig Huber
Huber Research Partners
5 questions for EFX
Also covers: DNB, FDS, FICO +11 more
KM
Kevin McVeigh
Credit Suisse Group AG
5 questions for EFX
Also covers: ACN, ADP, ALIT +15 more
Kyle Peterson
Needham & Company
5 questions for EFX
Also covers: AFRM, ALIT, AX +12 more
Faiza Alwy
Deutsche Bank
4 questions for EFX
Also covers: ABM, ADV, ARMK +16 more
Jeffrey Meuler
Robert W. Baird & Co. Incorporated
4 questions for EFX
Also covers: BFAM, CSGP, FICO +7 more
SR
Shlomo Rosenbaum
Stifel, Nicolaus & Company, Incorporated
4 questions for EFX
Also covers: ARMK, CCCS, CLVT +15 more
ST
Surinder Thind
Jefferies Financial Group
4 questions for EFX
Also covers: ASGN, CLVT, CSGP +25 more
Arthur Truslove
Citi
3 questions for EFX
Also covers: ULS
Ashish Sabadra
RBC Capital Markets
3 questions for EFX
Also covers: ADP, CBOE, CLVT +20 more
George Tong
Goldman Sachs
3 questions for EFX
Also covers: ADT, BCO, BFAM +24 more
Jason Haas
Wells Fargo
3 questions for EFX
Also covers: ASGN, CTAS, ECL +12 more
KF
Keen Fai Tong
Goldman Sachs Group Inc.
3 questions for EFX
Also covers: ADT, BCO, BFAM +21 more
MP
Manav Patnaik
Barclays
3 questions for EFX
Also covers: BFAM, CLVT, CTAS +17 more
Matthew O'Neill
Financial Technology Partners
3 questions for EFX
Also covers: AFRM, ETOR, EXFY +7 more
RG
Ryan Griffin
BMO Capital Markets
3 questions for EFX
Also covers: AMN, ASGN, COUR +5 more
SC
Simon Clinch
Redburn Atlantic
3 questions for EFX
Also covers: CME, FICO, ICE +4 more
David Paige
RBC Capital Markets
2 questions for EFX
Also covers: ADP, APG, CTAS +4 more
Jeff Meuler
Robert W. Baird & Co.
2 questions for EFX
Also covers: FICO, IT, KLC +3 more
J
Jimmy
Wells Fargo & Company
2 questions for EFX
Also covers: CTAS
OL
Owen Lau
Oppenheimer & Co. Inc.
2 questions for EFX
Also covers: CLVT, CME, COIN +8 more
Rayna Kumar
Oppenheimer & Co. Inc.
2 questions for EFX
Also covers: EEFT, FIS, FOUR +9 more
SA
Simon Alistair Clinch
Redburn Atlantic
2 questions for EFX
Also covers: CME, FICO, ICE +3 more
AS
Andrew Stein
FT Partners
1 question for EFX
Also covers: FICO, HOOD, LMND
Brandon Barron
Needham & Company, LLC
1 question for EFX
Brendan Popson
Barclays
1 question for EFX
Also covers: DNB, FDS, IT
DP
David Paige Papadogonas
RBC Capital Markets
1 question for EFX
Also covers: ADP, ADT, APG +5 more
JD
Joshua Dennerlein
BofA Securities
1 question for EFX
Also covers: AHR, AMH, ARE +18 more
KS
Kwun Sum Lau
Oppenheimer
1 question for EFX
Also covers: CBOE, CLVT, CME +9 more
Recent press releases and 8-K filings for EFX.
Equifax secures 27 new patents in H2 2025
EFX
New Projects/Investments
- Equifax secured 27 new patents in the second half of 2025, bringing its total for the year to 62, with 20 patents supporting its AI-driven EFX.AI strategy.
- The company holds nearly 700 issued or pending patents across 15 countries, including 320+ focused on responsible AI techniques.
- Recent patents cover innovations such as production-ready attribute management in Equifax Ignite, expedited risk data validation, and machine-learning–based integrated risk scoring.
- Backed by an approximately $3 billion multi-year investment in its Equifax Cloud infrastructure, these patents aim to accelerate AI-enabled product development and consumer decisioning.
Dec 17, 2025, 9:20 PM
Equifax launches Income Qualify to provide mortgage lenders early income and employment insights
EFX
Product Launch
- Equifax has introduced Income Qualify, a new product delivering verified income and employment insights from The Work Number to mortgage lenders during the prequalification and pre-approval phase alongside its consumer credit file.
- Income Qualify supplies key data points—Name/SSN, Employer Name, Tenure, and Prior-Year Total Income—to help lenders assess borrower eligibility faster, reduce risk, and manage costs earlier in the loan process.
- The company also announced VantageScore 4.0 mortgage credit scores at over 50% reduced pricing versus FICO 2026 rates, fixed at $4.50 for two years, plus free VantageScore with each FICO Score purchase.
Dec 10, 2025, 12:45 PM
Equifax discusses consumer credit health, mortgage scoring strategy and government opportunities
EFX
Guidance Update
Product Launch
- Stable U.S. consumer credit environment with low unemployment supporting demand, though delinquencies among lower-income segments (e.g., auto, subprime) have modestly increased; management expects 2026 trends to mirror 2025.
- Rolling out the TWIN employment indicator across mortgage and auto files to enhance underwriting with real-time work data, aiming for higher approval rates at lower losses.
- Launching VantageScore at $4.50 (fixed for multiple years) alongside every paid FICO Score to capitalize on FICO’s price hike to $10 and drive lender adoption; a full migration could yield $100 million in incremental annual margin at current mortgage volumes.
- Workforce Solutions’ government vertical targets a $5 billion TAM in social-service income verification, with current revenues of $800 million and anticipated high-teens growth driven by OB3’s stricter error-rate and recertification mandates.
Dec 9, 2025, 3:00 PM
Equifax at Goldman Sachs U.S. Financial Services Conference
EFX
Guidance Update
Product Launch
- U.S. consumer credit environment remains stable with modest lending growth; banks’ strong capital and low unemployment support credit quality despite rising subprime delinquencies, which have yet to affect Equifax’s core portfolios.
- Equifax is expanding underwriting solutions by rolling out the TWIN indicator across mortgage and auto credit files to combine employment data with credit scores, aiming for higher approval rates at lower losses.
- In Talent Solutions, Equifax’s background screening data business (~$400 M) outgrew the softer white-collar hiring market by leveraging instant payroll-based work history and pursuing expansion into blue-collar segments with a $3–4 B TAM.
- Mortgage originations are down ~50% since 2019; Equifax sees a bottoming and potential refi recovery if rates fall, and is promoting VantageScore at $4.50 to counter FICO’s price hike to $10, unlocking up to ~$100 M incremental margin on full conversion.
- Workforce Solutions’ government vertical ($800 M run-rate) targets a $5 B TAM for income and employment verification in social services, accelerated by OB3 error-rate rules and state cost-sharing shifts.
Dec 9, 2025, 3:00 PM
Equifax outlines growth drivers at Goldman Sachs Financial Services Conference
EFX
Guidance Update
Product Launch
- Equifax sees a $1.2 billion incremental revenue opportunity (adding $700 million EBITDA and $4 EPS) if the mortgage market reverts to 2015–2019 norms, with an update in February 2026 reflecting price increases.
- Maintains a 7%–10% long-term organic growth goal excluding mortgage recovery, underpinned by GDP (200–300 bps), product innovation (Vitality Index >10%), pricing, record additions, and market penetration.
- Plans to accelerate VantageScore adoption in mortgages by offering it at $4.50 (fixed for multiple years) and free with every paid FICO Score, aiming to capture up to $100 million in incremental margin in full conversion.
- Targets the $5 billion government social services market with its Workforce Solutions data (currently $800 million revenue, 20% CAGR), boosted by the OB3 bill’s error-rate penalties and six-month redeterminations.
Dec 9, 2025, 3:00 PM
Equifax outlines growth strategies in government and workforce solutions
EFX
Guidance Update
Product Launch
- Equifax’s government vertical in Workforce Solutions generated $800 million in revenue in 2025 against a $5 billion TAM, growing at a 20% CAGR, and will benefit from new OB3 requirements and a 2026 monitoring solution for work, education, and volunteer compliance in social services delivery.
- The Talent Solutions business addresses a $4 billion background-screening TAM with $400 million in revenue, leveraging a “digital resume” of nearly 100 million active and historical records, which grew 10% year-over-year in 2025.
- The mortgage market was down high-single digits in 2025; Equifax projects a 2026 recovery could deliver >$1.2 billion in incremental revenue, $700 million in EBITDA, and $4.00 in EPS, while promoting VantageScore at $4.50 versus FICO’s $10 to accelerate adoption.
- For 2026, Equifax expects depreciation & amortization to rise by $50 million, interest expense by $25 million, and its effective tax rate to increase by 50 bps, driven by cloud investments, M&A, and share repurchases.
Nov 18, 2025, 8:20 PM
Equifax details government vertical expansion and mortgage recovery potential
EFX
Guidance Update
Revenue Acceleration/Inflection
Product Launch
- Equifax’s government vertical in Workforce Solutions targets a $5 billion TAM for income and employment verifications in social services, with $800 million in revenue today and expected double-digit growth driven by new OB-3 requirements to reduce $160 billion in improper payments.
- The Talent Solutions segment, offering digital employment verification and background data, addresses a $4 billion TAM and generates about $400 million in revenue, supported by ~10% annual record growth to nearly cover all income-producing U.S. workers.
- U.S. mortgage hard inquiries were down high single digits in 2025, with management expecting a market bottom by late 2026 and potential upside of $1.2 billion in revenue, $700 million in EBITDA and $4 in EPS from a mortgage recovery; VantageScore is priced at $4.50 vs. $10 FICO to accelerate adoption.
- For 2026, Equifax anticipates depreciation and amortization rising by $50 million, interest expense by $25 million, and the effective tax rate increasing by 50 bps.
Nov 18, 2025, 8:20 PM
Equifax details workforce solutions growth and mortgage recovery strategy
EFX
Revenue Acceleration/Inflection
Guidance Update
Share Buyback
- Government vertical in Workforce Solutions (~$2.5 B revenue) addresses a $5 B TAM for social‐service income/employment verification; current revenue ~$800 M, targeting double-digit growth driven by OB-3 improper-payment reforms and a 2026 compliance monitoring solution
- Talent Solutions serves a $4 B TAM in background‐screening data (historical employment, education, incarceration, credentialing), with current revenue ~$400 M; growth levers include deeper penetration, new data assets, and hourly‐workforce products
- Mortgage outlook: USIS hard‐credit inquiries down high single digits in 2025; management sees a $1.2 B incremental revenue opportunity if volumes return to 2015–19 levels; launching VantageScore at $4.50 vs. FICO $10 to capture a $100–200 M profit pool
- 2026 expense guidance: depreciation & amortization +$50 M, interest expense +$25 M (reflecting acquisitions and share buybacks), effective tax rate +50 bps; share repurchases continue (>$300 M in Q3)
Nov 18, 2025, 8:20 PM
Equifax completes acquisition of Vault Verify
EFX
M&A
- Equifax (NYSE: EFX) announced the completion of its acquisition of Vault Verify, a provider of employment and income verification services, on November 17, 2025.
- Vault Verify’s real-time, API-based verification platform will complement The Work Number database and integrate into Equifax’s Workforce Solutions unit, expanding data offerings and speeding decision-making for employers and verifiers.
- Vault Verify, founded in 2012 with a concentration in the healthcare sector, will now operate within Equifax Workforce Solutions to streamline verifications for job applications, mortgages, social service benefits, and other financial services.
Nov 17, 2025, 9:15 PM
Equifax reports consumer debt exceeds $18T
EFX
Demand Weakening
- Total U.S. consumer debt reached $18.03 trillion in September 2025, with delinquency on total debt rising to 1.562% from 1.517% in June 2025.
- Auto credit: combined auto loan and lease balances were $1.68 trillion, with lease balances up 11.5% YoY to $95.8 billion and auto loan delinquencies edging up to 1.64%.
- Bankcard balances climbed to $1.08 trillion (+4.0% YoY) and accounts to 586.2 million (+6.3% YoY), while >60-day delinquencies eased to 2.83% from 3.01% a year earlier.
- Student loan severe delinquency jumped to 16.32% in September 2025 (from 0.79% a year ago); outstanding student debt was $1.34 trillion, down 4.8% YoY.
Nov 5, 2025, 12:45 PM
Quarterly earnings call transcripts for EQUIFAX.
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