Total Revenue

+7% (from $1,021.2M in Q1 2024 to $1,095.7M in Q1 2025) " "

Revenue grew by approximately 7% YoY driven by higher volumes and improved product pricing across core segments. This positive trend builds on solid performance from the previous period, although partly offset by a 0.8% adverse impact from foreign currency fluctuations. " "

Operating Income

+62% (increased from $157.2M in Q1 2024 to $254.4M in Q1 2025) " "

Operating income surged by about 62% YoY fueled by enhanced operational efficiencies and better cost management. The significant margin expansion not only reflects higher revenue but also benefits from cost reductions and streamlined expense management relative to Q1 2024. " "

Net Income

+118% (jumped from $70.0M in Q1 2024 to $152.7M in Q1 2025) " "

Net income increased dramatically by roughly 118% YoY as a consequence of the improved operating income, combined with lower non-recurring expense items. This sharp improvement builds on the previous period’s lower profitability, indicating stronger overall performance and effective cost control. " "

Operating Cash Flow

Nearly unchanged ($52.5M in Q1 2025 vs. $54.0M in Q1 2024) " "

Operating cash flow remained stable despite the substantial increases in revenue and income. This is due to offsetting factors such as reinvestments in working capital and possible increases in operating expenditures that balanced the cash inflows, mirroring trends seen in Q1 2024. " "

Balance Sheet Highlights

Total assets at $10,949.1M, liabilities $6,456.6M, and equity $4,492.5M in Q1 2025 "

Balance sheet strength improved modestly from Q1 2024, with higher retained earnings and a gradual reduction in liabilities reflecting enhanced net income retention and disciplined debt management. The increase in stockholders’ equity relative to liabilities underlines a healthier financial stance built on prior periods' improvements. "

Revenue

Q2 2025

$1.06B–$1.074B; 5%–6% organic (3%–4% excluding mortgage) " " " "

$1.076B–$1.095B; 3%–5% organic with a 2‐pt tailwind and 1% headwind "

raised

Adjusted EBITDA

Q2 2025

$376M–$384M; 5%–7% growth " " " "

$375M–$386M; flat to up 3% "

lowered

Adjusted EBITDA Margin

Q2 2025

35.5%–35.8% (up 40–70 bps) " " " "

34.8%–35.3% (down 90–130 bps) "

lowered

Adjusted Diluted EPS

Q2 2025

$0.96–$0.99 (4%–8% growth) " " " "

$0.95–$0.99 (down 4% to flat) "

lowered

FX Impact

Q2 2025

1% headwind to revenue and 2% headwind to adjusted EBITDA " " " "

Not provided

no current guidance

Technology Transformation & OneTru Platform Migration

In Q2, Q3, and Q4 calls, the technology transformation was a central theme covering extensive modernization, integration activities, and migration of major customer segments to the OneTru platform " " " "

Q1 2025 continued to emphasize progressive migration milestones, notable performance improvements (e.g., faster processing speeds, enhanced cybersecurity), and additional migration in U.S. credit " "

A consistent focus with further performance improvements and global rollout milestones.

U.S. Financial Services & Consumer Lending Performance

Earlier periods showed mixed growth rates—with Q2 and Q3 reflecting modest gains and Q4 highlighting strong mortgage revenue growth alongside challenges in non-mortgage segments " " "

Q1 2025 reported robust overall revenue growth, with a 27% increase in mortgage revenue (despite a decline in inquiries) and 11% growth in consumer lending driven partly by fintech initiatives " " "

Ongoing growth with a shift toward innovative revenue streams amid subdued volume levels.

International Expansion & Regional Growth

Q2, Q3, and Q4 calls detailed double-digit growth in several international regions, noting strong performance in India and Canada mingled with regulatory and market challenges " " "

Q1 2025 revealed moderated growth in India (1% growth due to lapping strong prior performance) and steady 7% growth in Canada; the outlook remains optimistic given anticipated regulatory easing " " "

Recurring with nuanced regional dynamics as evolving regulatory and economic factors impact performance.

Mortgage Business Vulnerabilities

Previous calls (Q2–Q4) emphasized historical low mortgage volumes, sensitivity to interest rate fluctuations, and potential refinancing opportunities as vulnerabilities " " " "

Q1 2025 acknowledged ongoing low volumes but highlighted that diversified revenue streams—including favorable pricing and additional revenue components—are mitigating the vulnerabilities " " "

Less emphasized now as diversified revenue channels help offset earlier risks.

Macroeconomic Uncertainty & its Impact on Lending and Growth

Q2, Q3, and Q4 discussions stressed a cautious outlook amid modest consumer financial health, rate uncertainty, and sector-specific volume impacts " " " "

Q1 2025 reiterated a cautious stance backed by stable economic fundamentals (e.g., low unemployment, modest wage growth) while maintaining conservative guidance amid external risks " "

A cautious continuity with stable consumer fundamentals yet conservative market assumptions.

Transformation Costs & Free Cash Flow Pressure

Earlier periods (Q2–Q4) focused on significant one-time transformation expenses, ongoing cost pressures, and expected future free cash flow improvements from technology modernization " " " " "

Q1 2025 provided detailed milestone figures (e.g., $30 million in Q1 onetime charges) and outlined an improved free cash flow conversion expectation (70% in 2025 rising to 90%+ in 2026) " " "

A consistent theme with clearer milestone tracking and an optimistic long‑term cash flow outlook.

Acquisition Strategy & Integration Synergies

Q2–Q4 calls offered detailed updates on integration synergies—particularly from Neustar and Sontiq—which delivered cost savings, technology modernization, and enhanced product offerings " " "

In Q1 2025, the discussion on acquisitions was more general with less specific reference to Sontiq; the focus shifted toward broader acquisition strategy and leveraging prior integration successes " "

A reduced emphasis on detailed integration, suggesting a strategic shift in priorities for the current period.

Consumer Business Revitalization & Direct-to-Consumer Strategies

Q2–Q4 featured significant updates on launching new freemium offerings, enhancing direct channels (including partnerships with Credit Sesame), and progress with the Monevo acquisition " " "

Q1 2025 continued the trend with progress noted in initial testing and consumer migrations to the new freemium platform, and the Monevo acquisition was completed, supporting a revitalized consumer business " " "

Consistent momentum with clear progression in rolling out new direct-to-consumer solutions.

Deceleration in Organic Growth Guidance & Reliance on Episodic, Lower-Margin Revenues

Previous periods, particularly Q2–Q4, highlighted cautious guidance driven by episodic revenue sources like breach remediation and mortgage premiums, and a step-down in growth rates " " "

Q1 2025, despite strong Q1 organic growth, signaled a deceleration in guidance for Q2, with continued reliance on episodic, lower-margin revenue sources such as mortgage-related pricing adjustments " " "

An ongoing cautious outlook with moderated guidance and continued dependence on episodic, lower-margin revenues.

Shareholder Returns Initiatives

Q4 notably featured dividend increases and a new $500 million share repurchase program, whereas Q2 and Q3 did not emphasize these initiatives "

In Q1 2025, the emphasis shifted to initiating share repurchases (the first since 2017) while deferring dividend increases to preserve capital for upcoming acquisitions (e.g., TransUnion de Mexico) " "

A shift from dividend increases toward cautious share repurchases in light of capital preservation needs.

Diversification of Service Offerings

Across Q2–Q4, TransUnion detailed efforts to expand offerings into integrated fraud, marketing, commercial, and analytics services via platforms like TruAudience and TruIQ, fueled by technology modernization " " "

Q1 2025 reaffirmed these efforts with continued product launches and enhancements in fraud, marketing, analytics, and commercial verticals, reinforcing its diversified portfolio " " "

A sustained and evolving diversification strategy to drive organic growth through integrated, innovative products.