EQUIFAX INC SEC 10-Q Report
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Equifax Inc., a global data, analytics, and technology company, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant growth in both financial and operational metrics, driven by robust performance across all business units and geographical regions.
Financial Highlights
- Total Operating Revenue: $1,537.0 million, increased by 7% compared to the same period in 2024, driven by growth in all three business units.
- Operating Income: $310.8 million, increased by 10% compared to the same period in 2024, reflecting higher revenue and improved operating margins.
- Consolidated Net Income: $192.6 million, increased by 17% compared to the same period in 2024, due to increased operating income and lower interest expense.
- Net Income Attributable to Equifax: $191.3 million, increased by 17% compared to the same period in 2024.
- Diluted EPS: $1.53, increased by 17% compared to the same period in 2024, reflecting higher net income.
Business Highlights
- Revenue Segments: Workforce Solutions segment saw an 8% increase in revenue for the second quarter of 2025, driven by a 10% growth in Verification Services, which includes employment and income data verifications. Employer Services experienced a slight decline of 2% due to reduced I-9 and unemployment claims revenue.
- Geographical Performance: International revenue increased by 4% in the second quarter of 2025, with notable local currency growth in Latin America, particularly Argentina and Brazil. Europe also showed strong performance with a 12% increase in reported revenue, driven by consumer credit reporting in the U.K. and Spain.
- Sales Units: The USIS segment reported a 9% increase in Online Information Solutions revenue, attributed to growth in both mortgage and non-mortgage services, highlighting increased product pricing despite lower mortgage credit inquiry volumes.
- Future Outlook: The company anticipates U.S. economic activity to grow at a slower rate in 2025 compared to 2024, with expectations of lower U.S. mortgage credit activity. Internationally, economic growth is also expected to be slower, impacting demand for services.
SEC Filing: EQUIFAX INC [ EFX ] - 10-Q - Jul. 22, 2025