Equifax posted third-quarter operating revenue of $1.69 billion, up 10% year over year, and adjusted EPS of $2.26, up 11%, despite about $20 million of mortgage market headwinds in September. Adjusted EBITDA margin rose to 33.1% from 32.7%, with Workforce Solutions revenue of $693.9 million, U.S. Information Solutions revenue of $599.1 million, and International revenue of $399.5 million. Management cut its full-year U.S. mortgage revenue expectation by $80 million, with full-year revenue guidance at a $6.66 billion midpoint and adjusted EPS guidance of $8.50. The company also announced a pending $750 million enterprise value acquisition of Círculo Crédito in Mexico, expected to close in the fourth quarter. Management noted that 30-year mortgage rates rose to about 7.5% in September from 6.6% in July, and that employer services revenue fell 5% in the quarter.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Equifax ( EFX ) Q3 2026 Earnings Call Transcript
Read the original on aol.com ↗
Keywords
EFXearningsmortgagesmergers and acquisitions
Open a keyword to see other news on the same topic.
Related news
- Why Equifax Stock Popped After Earnings
Equifax (NYSE:EFX) shares rose 11.5% by 11:25 a.m. ET on Tuesday after the company reported Q3 results above expectations: adjusted EPS of $2.26 versus analysts' forecast of $2.20, with sales in line with the $1.69 billion estimate. Revenue grew 10% in the quarter, led by a 15% rise in U.S. mortgage revenue and a 20% jump in talent solutions (employee background checks); net income climbed 32% and GAAP EPS rose 39% to $1.79. However, Equifax cut its full-year revenue guidance because high interest rates are dampening mortgage demand; the midpoint projects about $6.66 billion in revenue (9.6% growth) and adjusted EPS of about $8.50. Year-to-date free cash flow reached $763 million, about 33% above net income. The author views the roughly 21.5x current-year earnings valuation as somewhat expensive against projected 12% long-term earnings growth and says they won't chase the rally.
- WaFd ( WAFD ) Q4 2026 Earnings Call Transcript
WaFd reported net income of $241.2 million for the fiscal year ended September 30, 2026, its second-highest annual result. In the fourth quarter it sold $543 million of single-family loans and reclassified $429 million of multifamily loans as held for sale, with non-interest income of $38.1 million including a $16.4 million gain on the single-family sale. Net interest margin was 2.81% and the CET1 ratio stood at 11.4%, while deposits rose $389 million. Non-performing assets fell to $86 million, or 0.32% of total assets. Management expects the EverBank merger to close in the first calendar quarter of 2027, pending regulatory and shareholder approvals.
- Tuesday Daily Pulse
This roundup covers several Florida stories: South Florida is attracting financial, AI and defense firms, while Publix, with nearly 900 stores, faces pressure from Aldi and discount rivals amid rising inflation. AAA forecasts 22.4 million Americans will take ocean cruises in 2027, up 3.6% from 21.6 million in 2026, a record for consecutive years of growth. Florida voters will decide Amendment 3, which would raise the homestead exemption for non-school property taxes from about $50,000 to $150,000 in 2027 and $250,000 in 2028; Florida Realtors back it, while the Florida Sheriffs Association opposes it. In Miami-Dade, mortgage rates around 7.5% have weighed on home sales, while DFCU Financial intends to acquire Sarasota's Gulfside Bank, which had approximately $345 million in assets.
- Dime Commercial ( DCOM ) Q3 2026 Earnings Call Transcript
Dime Commercial reported record quarterly revenue of $135 million and adjusted EPS of $0.91, up from $0.61 a year earlier, driven by higher net interest income. Its net interest margin reached 3.35%, extending expansion to 10 consecutive quarters, and management raised its target to over 3.60% by the end of 2027 from 3.50% previously. The company announced the acquisition of Empire State Bank, a bank with $600 million in assets, with a $30 million cash component, to establish a presence in Staten Island. Non-performing assets rose to $99.5 million from $69.0 million, reflecting a $6 million specific reserve on one commercial relationship and multifamily charge-offs, while the company held $2.2 billion in cash.
- Peoples Bancorp ( PEBO ) Q3 2026 Earnings Call Transcript
Peoples Bancorp (PEBO) reported third-quarter 2026 net income of $32.6 million, or $0.91 diluted EPS. Excluding a $4.5 million loss on investment securities and acquisition-related expenses, adjusted EPS was $1.04, above the $0.93 consensus. Net interest margin rose 8 basis points to 4.31%, while non-performing loans fell 11% to $36.6 million. The bank sold $58.5 million of securities at a $4.5 million loss to keep total assets below $10 billion. The Citizens merger is expected to add about $350 million in loans and $550 million in deposits in the fourth quarter, and the all-stock Capital Bancorp acquisition is valued at about $728.1 million. Management expects criticized and classified loans to rise in the fourth quarter as Citizens loans are onboarded, and noted slight delinquency increases in the indirect portfolio.
- Stocks rise after oil prices retreat , companies deliver strong profits
U.S. stocks rose Tuesday on strong profit reports from Equifax, Hasbro and 3M, while oil prices eased after nearing their highest levels since the war with Iran began. As of 11:45 a.m. Eastern, the Dow Jones gained 518 points, or 1%, the S&P 500 rose 0.4%, and the Nasdaq added 0.2% amid fresh swings in AI stocks. Equifax jumped 11.6%, Hasbro rose 6.1%, 3M gained 5.1%, and airlines such as American Airlines rallied 5.1% as fuel prices fell. Braze soared 50.9% to $45.32 after Salesforce agreed to buy it for $47.50 per share in cash, while General Motors sank 6.5% despite a bigger-than-expected profit and a buyback program of up to $20 billion. In South Korea, Elice fell 32% on its first trading day in Seoul, and the Kospi index dropped 3.7%.
Related markets
Latest news
- The U.S. Army Is Spending $2.2 Billion on Micro Nuclear Reactors. This Stock Could Benefit.
On Aug. 26, the U.S. Army announced $2.2 billion in funding for several companies to own, build and operate nuclear microreactors for military installations, under its Janus Program launched in 2025. The goal is to supply safe, reliable power to the military through more than 20 microreactors, which are factory-assembled modular designs that can be built faster and at lower cost than large plants. BWX Technologies (BWXT) was selected as one of the vendors, given its long history of building reactors for the U.S. Navy. BWXT shares rose about 136% over five years but fell about 40% over the past six months, and the company recently raised its 2026 guidance for revenue, adjusted EBITDA, non-GAAP EPS and free cash flow. The article notes BWXT has a proven record of deploying its technology and earning profits, unlike some SMR companies without earnings.
- Utah AG sues Kalshi, pursues profits from prediction market company
Utah Attorney General Derek Brown sued Kalshi, its affiliates and two Susquehanna trading companies, alleging the prediction market platform has facilitated illegal betting in the state since 2024. Utah asked the court to compel the companies to return about $30 million to $60 million in profits and to stop sports, election, politics and culture bets in Utah. The lawsuit alleges Kalshi illegally served more than 32,000 users in the state, causing significant losses. A judge had earlier ruled for Utah in August, and an appellate court denied Kalshi's injunction request in September. The case is one of many filed by states against prediction market platforms such as Kalshi and Polymarket, as the U.S. Supreme Court considers New Jersey's case.
- JPMorgan Puts a Number on Bitcoin for the First Time: 10% a Year, With a Big Caveat
J.P. Morgan Asset Management projected a 10% compound annual return for Bitcoin over the next 10 to 15 years in its 2027 Long-Term Capital Market Assumptions, the first time the report includes the asset. That forecast tops its estimates for U.S. large-cap stocks (7.5%), gold (5.5%) and a 60/40 stock-bond portfolio (7%), but the report puts Bitcoin's annualized volatility at 55%, versus about 17% for gold. The firm still excludes Bitcoin from its main covariance matrices, citing volatility and unstable correlations, and rejected the currency debasement bull case as “wide of the mark.” Bitwise's Matt Hougan welcomed the forecast but argued the 55% volatility assumption is too high, making the return estimate too conservative. Meanwhile, U.S. spot Bitcoin ETFs drew $526.7 million on Monday, trimming October's net outflows to about $88 million.
- JPMorgan Puts a Number on Bitcoin for the First Time: 10% a Year, With a Big Caveat
J.P. Morgan Asset Management projected a 10% compound annual return for Bitcoin over the next 10 to 15 years in its 2027 Long-Term Capital Market Assumptions, the first time the report includes the asset. That forecast tops its estimates for U.S. large-cap stocks (7.5%), gold (5.5%) and a 60/40 stock-bond portfolio (7%), but the report puts Bitcoin's annualized volatility at 55%, versus about 17% for gold. The firm still excludes Bitcoin from its main covariance matrices, citing volatility and unstable correlations, and rejected the currency debasement bull case as “wide of the mark.” Bitwise's Matt Hougan welcomed the forecast but argued the 55% volatility assumption is too high, making the return estimate too conservative. Meanwhile, U.S. spot Bitcoin ETFs drew $526.7 million on Monday, trimming October's net outflows to about $88 million.
- Wall Street diverges Tuesday , industrials advance , techs slip
Industrial stocks rallied while tech lagged, although AI stocks firmed after recent sell-offs. The S&P 500 closed at 7,712.75, up 0.29 percent, while the Dow Jones Industrial Average gained 531.39 points (1.02 percent) to 52,497.42 and the Nasdaq Composite slipped 0.02 percent to 26,424.82. Jake Behan of Direxion said upcoming hyperscaler earnings would be the next major test for the AI trade, with guidance on ROI, data centre spending and 2027 capex seen as more important than headline earnings. In Asia, Japan’s Nikkei 225 fell 1.30 percent to 64,075.42 and South Korea’s KOSPI dropped 3.73 percent, while Indonesia’s IDX Composite rose 5.65 percent. The U.S. dollar weakened against major currencies, with EUR-USD at 1.1236.
- America's dismal housing market to get even worse in 2027, grim forecast predicts
Goldman Sachs expects America's housing market to stay frozen in 2027, with about 3.9 million existing homes changing hands, slightly fewer than this year and 26% below 2019 levels. Mortgage rates have climbed back above 7%, keeping buyers out while homeowners hold on to cheap loans: more than 95% of existing mortgage borrowers have rates below current market levels, and 65% are at least 2 percentage points lower. Rates have risen nearly 1.5 percentage points since February lows, and Goldman says affordability will increasingly weigh on activity. The Mortgage Bankers Association forecasts single-family mortgage lending will fall 5% in 2027 to just under $2 trillion, with new-home construction slowing. Housing-linked stocks are already down, with the SPDR S&P Homebuilders ETF off about 9% and the iShares Mortgage Real Estate ETF down about 24% this year.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.