Welcome to our dedicated page for Equifax news (Ticker: EFX), a resource for investors and traders seeking the latest updates and insights on Equifax stock.
Equifax Inc (NYSE: EFX) is a global leader in consumer credit reporting and data analytics, providing essential insights for financial institutions and businesses. This dedicated news hub offers investors and professionals centralized access to official updates and market-moving developments.
Find carefully curated press releases covering EFX's financial performance, technology innovations, and strategic partnerships. Our collection includes earnings announcements, regulatory updates, and progress reports on key initiatives like cloud migration and AI-driven product development.
Key areas of coverage include:
• Quarterly financial results
• Data security enhancements
• Workforce solutions expansion
• Global market initiatives
Bookmark this page for streamlined tracking of Equifax's evolving position in the credit reporting industry. Check regularly for authoritative updates that matter to stakeholders in financial services and data analytics sectors.
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.
Equifax (NYSE: EFX) has announced it will release its financial results for the fourth quarter ended December 31, 2024, on Thursday, February 6, at 6:30 a.m. ET. The company will host a conference call at 8:30 a.m. ET the same day, where senior management will discuss the quarter's financial and business results.
Presentation materials will be available on investor.equifax.com at 6:30 a.m. ET on February 6. The conference call can be accessed via US/Canada numbers (877-559-1190 / +1 201-389-0916) or international toll-free numbers. Participants should dial in 5-10 minutes before the call and provide their name and company information. An audio replay will be available on the investor website starting February 7.
Equifax (EFX) and Mastercard (MA) have partnered to combat payment fraud in Latin America through the integration of Kount Payment Fraud solution with Mastercard's fraud management tools. The collaboration aims to protect digital payments through identity verification and fraud risk assessment while preventing chargebacks.
The initiative addresses a critical need in Latin America, which has one of the highest fraud rates globally, with merchants losing approximately 4.6% of e-commerce revenue to payment fraud. With regional e-commerce revenue projected to grow from $85 billion in 2021 to $160 billion by 2025, this partnership seeks to enable secure business growth.
The Kount Payment Fraud solution, currently used by over 20,000 businesses in more than 40 countries, will be available to financial institutions, payment service providers, acquirers, and merchants across Latin America, excluding Brazil.
Equifax (NYSE: EFX) has announced its participation in multiple investor conferences this November. CEO Mark W. Begor will attend the J.P. Morgan 2024 Ultimate Services Conference on November 14, participating in a Fireside Chat at 1:10 p.m. ET. CFO John Gamble and SVP of Corporate Investor Relations Trevor Burns will join the RBC 2024 Global Technology Conference on November 19, with a Fireside Chat at 4:40 p.m. ET. Burns will also attend the FT Partners FinTech Conference on November 20. Livestreams of the Fireside Chats will be available on Equifax's investor relations website.
Equifax announced that CEO Mark W. Begor will extend his leadership beyond 2025. Under his tenure since 2018, the company has achieved significant growth with revenue increasing by 50% and market capitalization growing from $14 billion to $33 billion (14% CAGR). Begor has overseen a $1.5 billion Cloud-based technology transformation and invested over $4.5 billion in 25 strategic acquisitions. The company has maintained consistent innovation, launching over 100 new products annually with a Vitality Index above 10% since 2022, despite a 34% decline in the mortgage market during 2022-2023.
Equifax (NYSE: EFX) announced that its Board of Directors has declared a quarterly dividend of $0.39 per share. The dividend will be paid on December 13, 2024, to shareholders of record at the close of business on November 22, 2024. The company highlighted its track record of paying cash dividends for more than 100 consecutive years.
Equifax (NYSE: EFX) reported strong third quarter 2024 results with revenue of $1.442 billion, up 9% year-over-year. The company saw 10% non-mortgage local currency revenue growth, driven by a 19% increase in Workforce Solutions' non-mortgage Verification Services. USIS revenue grew 12%, with 36% mortgage revenue growth and 5% non-mortgage growth. International revenue increased 18% on a local currency basis.
Key highlights include:
- Workforce Solutions revenue up 7%, with 9% non-mortgage growth
- Overall U.S. Mortgage revenue up 17%
- New product Vitality Index of 13%
- 100% of new models and scores built using AI and ML
- Diluted EPS of $1.13, down 14% year-over-year
- Adjusted EPS of $1.85, up 5% year-over-year
Equifax remains confident in its long-term 8-12% revenue growth framework and expects continued strong performance in Q4 2024.
Equifax (NYSE: EFX) has expanded its partnership with Google Cloud to deliver anonymized data assets on the Google Cloud Analytics Hub. This collaboration aims to provide developers with real-time access to Equifax insights, accelerating product innovation. The partnership enables secure access, sharing, and querying of data within Google Cloud's infrastructure for informed decision-making.
Initially available datasets include:
- U.S. Consumer Credit Trends: Anonymized, time-series credit data across various loan types
- Equifax Analytic Dataset: Unbiased sample of loan-level credit data
- B2bConnect Commercial Marketing Data: Verified firmographic information on millions of businesses
This expansion is facilitated by the Equifax Cloud, driving the company towards becoming a cloud-native global data and analytics leader.
Equifax (NYSE: EFX) has announced its plans to release financial results for the third quarter ended September 30, 2024. The results will be disclosed on October 16, 2024, after the market closes. Following this, the company will host a conference call on October 17 at 8:30 a.m. Eastern Time to discuss the financial and business results for the quarter.
Senior management will lead the discussion, and related presentation materials will be available on investor.equifax.com at 6:30 a.m. ET on the same day. The conference call can be accessed via phone or webcast, with dial-in numbers provided for US/Canada and international participants. An audio replay of the call will be available on the investor website beginning October 18.
Equifax (NYSE: EFX) has launched the Merchant Data Network, a cloud-based solution aimed at enhancing visibility into U.S. small business financial profiles. This network combines Equifax's Commercial Financial Network data with aggregated credit card transaction data from providers like Fiserv, covering 5.5 million businesses and over 50 billion annual transactions.
The network aims to improve traditional commercial scoring by more than 8%, offering up to 60 months of aggregate transaction history. This data helps verify merchant income, establish payment ability, and provide insights for businesses with credit information. The solution supports faster, more informed lending decisions, potentially increasing access to capital for small businesses.
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