NYSE$EFX

Equifax Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Equifax reported record quarterly revenue and strong earnings growth.

Equifax announced record first-quarter revenue of $1.2 billion, a 27% increase year-over-year, driven by strong growth in Workforce Solutions and USIS. Net income and EPS also saw significant growth, and the company completed five strategic acquisitions.

  • Highest ever quarterly revenue of $1.2 billion, up a record 27%.
  • Workforce Solutions and USIS revenue growth of 59% and 19%, respectively.
  • Completed five strategic acquisitions focused on core growth areas.
  • Increased full-year revenue and EPS guidance.

Headline financials

Total Revenue

$1.21B

Previous: $958M+26.6%
EPS (adj)

$1.97

Previous: $1.40+40.7%
Workforce Solutions Operating Margin

55.1%

Previous: 44.3%+24.4%
USIS Operating Margin

34.1%

Previous: 31.4%+8.6%
International Operating Margin

11.5%

Previous: 7.1%+62.0%
Adjusted EBITDA Margin

35.6%

Previous: 32.4%+9.9%
Free Cash Flow

$202M

Previous: $113M+79.0%
Net Income

$202M

Previous: $113M+79.0%
Operating Income

$307M

Previous: $136M+125.6%
Gross Profit

-$483M

Previous: -$414M-16.7%
Cash & Equivalents

$766M

Previous: $370M+107.1%
Total Assets

$9.67B

Previous: $7.62B+26.8%
Stock-Based Comp

$20.7M

Previous: $18.8M+10.1%

Revenue & EPS history

Equifax · Revenue · Quarterly

$1.21B

Q1 2021+26.6%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Equifax · $2.18B total across 7 segments · Q4 2021

  • Workforce Solutions
    $532M+30.8%
  • U.S. Information Solutions
    $434M+12.0%
  • Verification Services
    $427M
  • Online Information Solutions
    $314M
  • International
    $288M+16.2%
  • Employer Services
    $105M
  • Financial Marketing Services
    $79.4M

Forward guidance

Equifax is increasing its full-year revenue guidance to a range of $4,575 million to $4,675 million, and its Adjusted EPS guidance to a range of $6.75 to $7.05.

Tailwinds

  • Reported Revenue between $1,140 million and $1,160 million for Q2 2021
  • Reported Revenue Growth between 16.0% and 18.0% for Q2 2021
  • Local Currency Growth between 13.9% and 15.9% for Q2 2021
  • Organic Local Currency Growth between 11.9% and 13.9% for Q2 2021
  • Adjusted Earnings Per Share between $1.60 and $1.70 for Q2 2021

Headwinds

  • U.S. Mortgage Market Inquiry Growth flat to 8% decline

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.6%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+1.4%

Avg return

30 days after

43%

30 / 70 earnings

Positive

+15.2%

Q1 2021

Best reaction

-17.4%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.2%-13.1%-19.4%
Q4 2025-3.8%+14.0%+18.7%
Q3 2025-0.6%+1.2%-10.6%
Q2 2025-2.1%-1.3%+1.2%
Q1 2025+13.8%+19.1%+22.4%
Q4 2024-8.4%-6.4%-5.8%
Q3 2024-3.4%-4.9%-14.4%
Q2 2024-0.2%+1.9%+10.5%
Q1 2024-8.8%-8.2%+4.3%
Q4 2023+3.6%+5.1%+11.0%
Q3 2023-1.0%-1.0%+13.5%
Q2 2023-9.0%-13.1%-19.2%
Q1 2023+3.8%+3.1%+7.9%
Q4 2022-7.3%-4.1%-13.4%
Q3 2022-9.5%-5.4%+20.6%
Q2 2022-0.2%-1.4%+3.8%
Q1 2022-7.1%-2.3%-10.9%
Q4 2021-2.1%-6.4%-5.2%
Q3 2021-6.5%+0.6%+5.7%
Q2 2021-2.7%-0.6%+0.8%
Q1 2021+15.2%+17.3%+23.4%
Q4 2020-3.4%-1.2%-4.8%
Q3 2020-2.4%-5.5%+7.5%
Q2 2020+6.2%-0.6%-4.2%
Q1 2020+1.6%+2.7%+16.8%
Q4 2019+5.8%+6.3%-8.2%
Q3 2019-1.2%-1.9%-0.9%
Q2 2019-2.1%+1.6%+0.9%
Q1 2019-2.2%-0.3%+9.3%
Q4 2018+1.1%+1.0%+3.3%
Q3 2018-17.4%-18.8%-15.1%
Q2 2018-3.1%-1.3%+4.2%
Q1 2018-2.7%-5.9%-3.3%
Q4 2017+3.7%+7.4%+4.3%
Q3 2017+1.4%+2.0%+9.5%
Q2 2017-1.5%+0.4%-2.8%
Q1 2017-2.4%-3.2%-2.2%
Q4 2016+5.8%+7.4%+10.0%
Q3 2016-5.6%-5.0%-8.0%
Q2 2016-1.9%-3.0%-3.4%
Q1 2016+2.7%
Q4 2015+0.2%
Q3 2015-4.1%
Q2 2015+2.1%
Q1 2015+4.1%
Q4 2014+8.5%
Q3 2014-2.6%
Q2 2014+2.7%
Q1 2014+0.9%
Q4 2013-2.2%
Q3 2013+3.4%
Q2 2013+0.6%
Q1 2013+2.8%
Q4 2012-6.2%
Q3 2012-0.1%
Q2 2012-2.7%
Q1 2012+6.0%
Q4 2011+0.1%
Q3 2011+5.0%
Q2 2011+3.7%
Q1 2011+3.1%
Q4 2008-2.2%
Q4 2010-2.2%
Q3 2010+2.2%
Q3 2009+2.2%
Q2 2009+3.6%
Q2 2010+3.6%
Q1 2010-4.7%
Q1 2009-4.7%
Q4 2009-4.7%

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