News about Equifax

Equifax shares jumped 11.5% by 11:25 a.m. ET Tuesday after the company beat earnings expectations, reporting adjusted EPS of $2.26 versus the $2.20 analysts forecast, with sales of $1.69 billion meeting expectations. Third-quarter revenue rose 10%, led by a 15% gain in U.S. mortgage and a 20% jump in talent solutions, while net income surged 32% and GAAP EPS climbed 39% to $1.79. However, high interest rates are dampening mortgage demand, prompting Equifax to cut its full-year revenue guidance to a midpoint of about $6.66 billion, still 9.6% growth, with adjusted EPS expected around $8.50. Free cash flow so far this year totals $763 million, about 33% above reported net income.

Equifax shares rose more than 7% on Tuesday to $170.29 after the credit reporting company posted third-quarter revenue of $1.693 billion, up 10% year over year and within its $1.68 billion to $1.71 billion guidance range. Mortgage revenue grew 15% despite a much weaker mortgage market in the latter half of the quarter as rates rose, and the company expects that weakness to continue through the rest of 2026. U.S. Information Solutions revenue grew 13%, international revenue grew 9%, and Workforce Solutions grew 7%. Equifax returned $158 million to shareholders and expects to complete its acquisition of Mexican credit bureau Círculo de Crédito in the fourth quarter. The stock remains down about 31% over the past year.