Equifax Q1 Revenue Climbs 14% to $1.65B, Beats Guidance by $37M
Equifax reported Q1 revenue of $1.649 billion, up 14% (13% local), beating February guidance midpoint by $37 million on 38% U.S. Mortgage growth and 10% Workforce Solutions expansion. Net income rose 29% to $171.5 million and EPS increased 34% to $1.42, while returning $327 million in buybacks and dividends.
1. Strong First Quarter Performance
Equifax delivered Q1 reported revenue of $1.6489 billion, up 14% year-over-year and 13% in local currency, outperforming guidance by $37 million. Net income attributable to the company reached $171.5 million, a 29% increase, and diluted EPS climbed 34% to $1.42 per share.
2. Segment Revenue Drivers
U.S. Mortgage revenue surged 38% on elevated early-quarter activity before rate hikes, while Diversified Markets rose 8% (6% local). Workforce Solutions grew 10%, led by 14% Verification Services expansion, and USIS revenue jumped 21%, driven by 60% mortgage growth. International revenue increased 11% on a reported basis (4% local), highlighted by high single-digit gains in Canada.
3. Shareholder Cash Return
Strong free cash flow funded $327 million in shareholder returns, including $260 million for repurchasing 1.3 million shares and $67 million in quarterly dividends. This marks continued execution of the company’s capital allocation strategy.
4. Outlook and Guidance
Equifax maintains full-year 2026 local currency revenue growth guidance of about 10% despite first-quarter outperformance, citing reduced mortgage activity amid higher rates. Reported revenue outlook rises by $25 million and adjusted EPS by $0.04 per share due to favorable foreign exchange impacts.