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 data, analytics, and technology company whose news flow reflects its role in credit reporting, workforce solutions, and compliance services. As one of the major U.S. credit bureaus, Equifax regularly releases updates that matter to lenders, employers, and policymakers, as well as to investors following the EFX stock.
News about Equifax often highlights new data and analytics products, such as tools that use the Equifax Cloud™ and EFX.AI™ capabilities for risk assessment, fraud prevention, and personalized credit score planning. Recent announcements include the launch of Income Qualify, which delivers income and employment insights from The Work Number® to mortgage lenders earlier in the lending process, and the introduction of Optimal Path™, an interactive score planner integrated into platforms like Kikoff.
Equifax also issues releases on workforce and employer services, including unemployment claims solutions like the Unemployment Claims Power of Attorney Manager and verification enhancements driven by acquisitions such as Vault Verify. Regulatory and risk-related news includes new Anti-Money Laundering (AML) Compliance Solutions that use AI to screen and monitor customers against sanctions and high-risk lists.
Investors tracking EFX can find announcements on quarterly dividends, participation in investor conferences, and periodic Market Pulse reports that summarize U.S. consumer credit trends using Equifax data. This news page aggregates these product launches, market insights, capital markets events, and corporate updates in one place, providing a focused view of how Equifax’s data, analytics, and cloud technology are being applied across credit, employment, and compliance use cases.
Equifax (NYSE: EFX) is set to host a virtual Investor Day on November 10, 2021, from 8:30 a.m. to 12:00 p.m. ET. The event will cover the company's EFX2023 strategy, detailing long-term financial frameworks, capital allocation, and the impact of the Equifax Cloud on innovation and growth. Key executives, including CEO Mark W. Begor and CFO John Gamble, will present. Interested attendees can register using passcode EFX_ID2021, and the replay will be available from November 11 at investor.equifax.com.
Equifax reported record third quarter revenue of $1.22 billion, reflecting a 14% increase year-over-year. Workforce Solutions revenue surged 35%, marking the tenth consecutive quarter of double-digit growth. Despite revenue gains, net income fell 10% to $205.4 million, and diluted EPS decreased 11% to $1.66. The company has raised its guidance for full-year revenue to a range of $4.901 billion to $4.921 billion. Strategic acquisitions are positioned to enhance future growth and drive innovation.
Equifax (NYSE: EFX) announced new expedited options for manual verifications of employment, offering Priority Next Day™ and Priority Two Day™ services. These options aim to improve turnaround times for verifiers, setting a standard in the industry for rapid employment verification. Priority Next Day VOE ensures requests are fulfilled by 11:59 p.m. CT the next business day, while Priority Two Day VOE completes requests by 11:59 p.m. CT two business days later. Equifax processes over 500,000 verifications daily, enhancing its service efficiency.
Equifax (NYSE: EFX) has launched its Digital Identity as a Service solution to enhance fraud detection for businesses. This service will be integrated into Bonifii's MemberPass, providing credit unions with improved identity verification capabilities. By utilizing cloud technology, Equifax enables secure and scalable real-time insights to combat sophisticated fraud attempts. The service allows users greater control over their personal information, improving user experience and reducing identity fraud risks. This partnership marks Bonifii as the first adopter of the new service.
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Equifax (NYSE: EFX) will announce its third-quarter financial results for the period ending September 30, 2021, on October 20, after market close. A conference call hosted by senior management is scheduled for October 21 at 8:30 AM ET to discuss the quarterly results, with presentation materials to be available on their investor website on the same day at 6:30 AM ET. An audio replay of the call will be accessible starting October 22. Equifax operates globally, providing data, analytics, and technology to support critical decision-making across various sectors.
Equifax (NYSE: EFX) announced a new integration of The Work Number® with isolved™ to facilitate automated employment and income verification. This integration enhances the isolved People Cloud platform, improving the speed and accuracy of data transfer for credentialed verifiers. It aims to streamline processes for employers and provide employees with immediate verification, enhancing their privacy and reducing human error. This service will be available at no additional cost to isolved customers, promoting efficiency for HR departments and supporting employees during critical life milestones.
Equifax has completed its acquisition of Appriss Insights, enhancing its Workforce Solutions unit with advanced risk intelligence data. The transaction, announced on August 10, 2021, expands Equifax's verification capabilities and positions the company to penetrate the $5 billion U.S. talent acquisition market and the $2 billion U.S. government social services market. This strategic move is expected to support future growth by broadening data offerings and strengthening relationships with employers and government agencies.
Equifax (NYSE: EFX) announced a partnership with the National Association of Minority Mortgage Brokers of America (NAMMBA) on Sept. 29, 2021, aimed at addressing housing needs in underserved communities. This collaboration will help expand access to credit and enhance financial literacy, particularly for diverse borrower groups, as NAMMBA estimates 75% of first-time homebuyers over the next five years will be women, millennials, or people of color. Equifax aims to utilize its data services to support these initiatives and promote financial inclusion.
Equifax (NYSE: EFX) has launched a free, translated credit report in Spanish, catering to over 62 million Spanish-speaking consumers in the U.S. This initiative marks Equifax as the first credit bureau to provide online and mailed Spanish credit reports. The move aligns with Equifax's commitment to advancing financial inclusion and enhancing consumer understanding of credit. Equifax aims to empower historically underserved communities, ensuring individuals can access their credit profiles to make informed financial decisions.
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