Equifax Inc - EFX STOCK NEWS

Equifax (NYSE: EFX) reported strong Q1 2025 financial results with revenue of $1.442 billion, up 4% (5% in local currency) compared to Q1 2024, exceeding guidance by $37 million. Net income rose 7% to $133.1 million, with diluted EPS of $1.06.

Key segment performance:

• Workforce Solutions revenue grew 3%, with Verification Services up 5%
• USIS revenue increased 7%, with strong mortgage revenue growth of 11%
• International revenue rose 7% in local currency

The Board authorized a $3 billion share repurchase program to be completed over 4 years and increased quarterly dividend by 28% to $0.50 per share. The company maintains its full-year 2025 guidance with expected local currency revenue growth of 6% and adjusted EPS of $7.45, despite macroeconomic uncertainties. Equifax has achieved over 85% revenue migration to their Cloud platform.

Equifax (NYSE: EFX) has published its third annual 2024 Global Consumer Credit Trends report, analyzing consumer credit data from 10 countries including Australia, Brazil, Canada, India, Spain, and the United States. The report, powered by the Equifax Cloud™ and its custom data fabric, represents a $1.5 billion technology investment.

Key findings indicate slow recovery from high inflation across regions, with varied impacts across populations. Notable trends include:

• Australia's first cash rate reduction in 4 years
• India's mortgage lending grew 7% YoY, with non-mortgage debt up 45%
• Spain's GDP grew 0.8% QoQ and 3.2% YoY
• Canada's new mortgage originations increased 39% YoY

The report highlights steady global consumer credit demand, with consumers trending toward unsecured credit while mortgage markets show controlled recovery.

Equifax (NYSE: EFX) has scheduled its first quarter 2025 financial results announcement for Tuesday, April 22, 2025, at 6:30 a.m. ET. The company will host a conference call at 8:30 a.m. ET on the same day, where senior management will discuss the quarter's financial and business results.

Presentation materials will be available on investor.equifax.com concurrent with the earnings release. The conference call can be accessed via US/Canada dial-in numbers (877-559-1190 / +1 201-389-0916) with international toll-free numbers available. Participants should dial in 5-10 minutes before the call. An audio replay will be accessible on investor.equifax.com starting April 23.

Equifax (NYSE: EFX) has published its 2024 Security Annual Report, showcasing its fifth consecutive year of cybersecurity achievements and innovations. The report highlights the company's robust security measures, including:

• Defense against 15 million daily cybersecurity threats (175 attempts per second), marking a 25% increase from 2023
• Implementation of passwordless authentication for nearly 22,000 global employees and contractors
• Completion of 210,000 simulations with a 2.9% click rate in targeted phishing tests
• Achievement of under one-minute mean-to-detect time for potential intrusions

The company outperformed major industry benchmarks in security maturity scores and maintained a security posture exceeding Technology and Financial Services industry averages. In 2024, Equifax launched over 100 new product innovations while maintaining its security standards.

Equifax (NYSE: EFX) has unveiled a groundbreaking mortgage solution called The Work Number® Report Indicator, delivering credit reports alongside employment status verification early in the mortgage qualification process. This innovation is powered by the Equifax Cloud™, representing a $1.5 billion technology investment.

The solution enables mortgage lenders to instantly verify if applicants have verification of income and employment (VOIE) records in The Work Number database alongside their creditworthiness assessment. Key benefits include:

• Streamlined loan processing with faster workflows
• Enhanced cost efficiency in verification expenses
• Improved borrower experience with reduced documentation requirements
• Competitive advantage through early access to income and employment insights

The technology leverages Equifax's data fabric, which unifies over 100 data sources while maintaining regulatory compliance. For borrowers, this means exploring loan options without credit score impact and potentially faster approval processes when VOIE is available.

NCR Atleos (NYSE: NATL) has appointed Traci Hornfeck as Chief Accounting Officer, effective March 31, 2025. Hornfeck brings nearly 25 years of experience in managing accounting functions for large public organizations. She joins from Rollins (NYSE: ROL), where she served as Chief Accounting Officer since 2021.

Prior to Rollins, Hornfeck held external reporting and controllership leadership roles at Equifax (NYSE: EFX), including serving as U.S. controller. She began her career at PricewaterhouseCoopers, LLP. The appointment comes as Atleos continues to strengthen its leadership team during its first full year as an independent public company.

Equifax (NYSE: EFX) has announced its participation in three major investor conferences during March 2025. Trevor Burns, Senior Vice President of Corporate Investor Relations, will represent the company at:

• The RBC Global Financial Institutions Conference on March 4, 2025
• The Oppenheimer Information Services, Exchanges and Blockchain Virtual Summit on March 5, 2025
• The Wolfe Research FinTech Forum on March 12, 2025

Equifax (EFX) reported strong Q4 2024 performance with revenue reaching $1.419 billion, up 7% (9% in local currency) despite challenging U.S. hiring and mortgage markets. The company saw impressive 29% growth in U.S. Mortgage revenue and achieved a 12% new product Vitality Index through EFX Cloud innovation.

Key segment performances include: Workforce Solutions revenue up 7% with 10% growth in Verification Services; USIS revenue increased 10% driven by 47% Mortgage revenue growth; International revenue grew 11% in local currency. The company has successfully migrated nearly 85% of revenue to the EFX Cloud.

For full-year 2024, Equifax reported revenue of $5.681 billion, up 8% from 2023, with net income of $604.1 million. Looking ahead, 2025 guidance projects revenue of $5.950 billion (4.7% growth) and Adjusted EPS of $7.45, despite an expected 12% decline in U.S. mortgage credit inquiries.

Equifax (NYSE: EFX) has announced that its Board of Directors has declared a quarterly dividend of $0.39 per share. The dividend will be paid on March 14, 2025, to shareholders of record at the close of business on February 21, 2025. The company highlighted its strong dividend history, noting that it has maintained cash dividend payments for more than 100 consecutive years.