NYSE$EFX
Equifax Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Equifax delivered a strong first quarter with double-digit revenue growth, driven by Workforce Solutions.
Equifax reported record first quarter revenue of $1.36 billion, a 12% increase year-over-year. Workforce Solutions was a key driver, with 33% revenue growth. The company is revising its full-year guidance to reflect the expected decline in the U.S. mortgage market.
- Record first quarter 2022 revenue of $1.36 billion, up over 12%; ninth consecutive quarter of double-digit growth
- Workforce Solutions revenue growth of 33%; twelve consecutive quarters of double-digit revenue growth
- Strong new product innovation leveraging EFX Cloud
- Completed acquisitions of Efficient Hire and Data-Crédito
Headline financials
Revenue & EPS history
Equifax · Revenue · Quarterly
$1.36B
Revenue by segment
Equifax · $2.18B total across 7 segments · Q4 2021
- Workforce Solutions$532M+30.8%24.4%
- U.S. Information Solutions$434M+12.0%19.9%
- Verification Services$427M—19.6%
- Online Information Solutions$314M—14.4%
- International$288M+16.2%13.2%
- Employer Services$105M—4.8%
- Financial Marketing Services$79.4M—3.6%
Forward guidance
Equifax is adjusting its full-year 2022 guidance to reflect the impact of the large and rapid increase in U.S. mortgage rates.
Tailwinds
- Expecting higher non-mortgage revenue growth to offset just under half of the impact from decline in U.S. mortgage market.
- Midpoint in our guidance for 2022 revenue of $5.2 billion.
- Midpoint in our 2022 Adjusted EPS guidance of $8.15 per share.
Headwinds
- U.S. mortgage market is expected to decline by 37.5% over the remainder of 2022 and exit the year at a run-rate down 40%.
- Full year decline in U.S. mortgage market credit inquiries of 33.5%.
- Decline in the U.S. mortgage market would negatively impact our guidance for 2022 revenue growth by over 350 basis points, or $175 million.
- Net impact is a $100 million reduction in our guidance for 2022 revenue growth.
- Elimination of income from our non-controlling interest in a Russian joint venture, results in a reduction in our guidance for 2022 Adjusted EPS of $0.50 per share.
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 2022
-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
| Quarter | Report date | Reaction (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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