NYSE$EFX

Equifax Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Equifax reported record revenue and eighth consecutive quarter of double-digit growth.

Equifax reported a record fourth quarter revenue of $1.3 billion, a 12% increase year-over-year, driven by Workforce Solutions revenue growth of 29%. The company's strong performance and strategic investments position it for continued growth in 2022.

  • Record fourth quarter 2021 revenue of $1.3 billion, up 12%.
  • Workforce Solutions revenue growth of 29%; eleven consecutive quarters of double-digit revenue growth.
  • Strong new product innovation leveraging new EFX Cloud.
  • Closed in February bolt-on acquisition of Efficient Hire to enhance differentiated data and strengthen Workforce Solutions.

Headline financials

Total Revenue

$1.25B

Previous: $1.12B+12.0%
EPS (adj)

$1.84

Previous: $2.00-8.0%
Workforce Solutions Operating Margin

40.5%

Previous: 49.2%-17.7%
Workforce Solutions Adj. EBITDA Margin

48.4%

Previous: 56.2%-13.9%
International Operating Margin

16.1%

Previous: 13.0%+23.8%
International Adj. EBITDA Margin

29.9%

Previous: 34.0%-12.1%
Adjusted EBITDA Margin

32.2%

Previous: 37.8%-14.8%
Net Income

$122M

Previous: $74.5M+63.9%
Operating Income

$252M

Previous: $170M+48.8%
Gross Profit

$728M

Previous: $638M+14.1%
Cash & Equivalents

$225M

Previous: $1.68B-86.7%
Total Assets

$11B

Previous: $9.61B+14.9%
Stock-Based Comp

$10.1M

Previous: $10.8M-6.5%

Revenue & EPS history

Equifax · Revenue · Quarterly

$1.25B

Q4 2021+12%vs Q4 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 reconfirmed its full-year 2022 guidance, expecting revenue in the range of $5.250 billion to $5.350 billion and Adjusted EPS in the range of $8.50 to $8.80.

Tailwinds

  • Reconfirming prior framework with full-year 2022 guidance.
  • Revenue in a range of $5.250 billion to $5.350 billion.
  • Adjusted EPS in a range of $8.50 to $8.80.
  • Increase in core revenue growth.
  • Positioning Equifax for diversified growth.

Headwinds

  • Expectation of a sharper decline in the U.S. mortgage market of 21.5% compared to last year.
  • Potential adverse developments in new and pending legal proceedings or government investigations.
  • Risks relating to unauthorized access to data or breaches of confidential information due to criminal conduct, attacks by hackers, employee or insider malfeasance and/or human error.
  • Changes in, and the effects of, laws and regulations and government policies governing or affecting our business.
  • Adverse or uncertain economic conditions and changes in credit and financial markets, such as rising interest rates and inflation.

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 Q4 2021

Historical avgQ4 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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