NYSE$EFX

Equifax Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Equifax reported a 7% revenue increase for Q4 2024, driven by strong growth in U.S. Mortgage and new product innovation, despite challenges in the U.S. hiring and mortgage markets.

Equifax's Q4 2024 revenue reached $1.419 billion, a 7% increase (9% in local currency). Growth was propelled by a 29% surge in U.S. Mortgage revenue and a 12% New Product Vitality Index. The company issues FY2025 revenue guidance of $5.950 billion and Adjusted EPS of $7.45.

  • Q4 2024 revenue increased by 7% to $1.419 billion, or 9% on a local currency basis.
  • U.S. Mortgage revenue grew strongly by 29% in the fourth quarter.
  • Workforce Solutions revenue rose by 7%, with Verification Services up 10%, while Employer Services declined by 9%.
  • Equifax issued full-year 2025 guidance with a midpoint revenue expectation of $5.950 billion and Adjusted EPS of $7.45 per share.

Headline financials

Total Revenue

$1.42B

Previous: $1.33B+7.0%
EPS (adj)

$2.12

Previous: $1.81+17.1%
Workforce Solutions Operating Margin

43.1%

Previous: 41.9%+2.9%
Workforce Solutions Adj. EBITDA Margin

51.9%

Previous: 51.2%+1.4%
USIS Operating Margin

24.4%

No prior period
USIS Adj. EBITDA Margin

38.3%

No prior period
International Operating Margin

17.4%

Previous: 17.9%-2.8%
International Adj. EBITDA Margin

32.5%

Previous: 31.2%+4.2%
Adjusted EBITDA Margin

35.4%

Previous: 33.7%+5.0%
Capital Expenditures

-$119M

Previous: -$146M+18.4%
Net Income

$174M

Previous: $132M+31.4%
Operating Income

$288M

Previous: $245M+17.5%
Gross Profit

$1.42B

Previous: $589M+141.2%

Revenue & EPS history

Equifax · Revenue · Quarterly

$1.42B

Q4 2024+7%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
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 issued full-year 2025 guidance with a midpoint revenue expectation of $5.950 billion, up 4.7%, with constant currency organic revenue growth of about 6% and Adjusted EPS of $7.45 per share.

Tailwinds

  • Revenue guidance midpoint expectation for 2025 of $5.950 billion, up 4.7%.
  • Constant currency organic revenue growth of about 6% expected in 2025.
  • Adjusted EPS guidance midpoint expectation for 2025 of $7.45 per share, up 2% versus 2024.
  • Strong cash flow and balance sheet positioning for dividend growth and share repurchases in 2025.
  • Leveraging cloud capabilities to accelerate new product solutions.

Headwinds

  • Expectation of an about 12% decline in U.S. mortgage hard credit inquiries in 2025.
  • Weaker U.S. hiring market impacting Talent Solutions revenue.
  • Employer Services revenue declined 9% in the quarter due to the U.S. hiring market.
  • Guidance reflects an expectation of about 12% decline in 2025 U.S. hard mortgage credit inquiries, compared to down 10% in 2024.
  • 2025 guidance reflects an expectation of about 12% decline in 2025 U.S. hard mortgage credit inquiries, compared to down 10% in 2024.

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 2024

Historical avgQ4 2024

-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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