NYSE$TRU

TransUnion · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced third quarter 2022 results

TransUnion's total revenue for the quarter was $938 million, a 26 percent increase compared to the third quarter of 2021. Net income attributable to TransUnion was $79 million, with diluted earnings per share at $0.41. Adjusted EBITDA was $341 million, a 13 percent increase with a margin of 36.3 percent.

  • Grew total revenues by 26 percent (5 percent organic constant currency revenue growth excluding mortgage), driven by strength in International and U.S. Financial Services.
  • Delivered strong progress on acquisition integrations, with stronger-than-expected revenue growth and synergy realization as well as a growing sales pipeline.
  • Expecting 2022 organic revenue growth excluding mortgage to be approximately 7 percent with strong performance in B2B businesses.
  • Adjusting guidance to reflect greater foreign currency headwinds as well as expected moderating growth in U.S. Markets business in the fourth quarter.

Headline financials

Total Revenue

$938M

Previous: $792M+18.5%
EPS (adj)

$0.93

Previous: $1.01-7.9%
Adjusted EBITDA

$341M

Previous: $327M+4.3%
Adjusted EBITDA Margin

36.3%

Previous: 41.3%-12.1%
Capital Expenditures

-$193M

Previous: -$158M-21.8%
Free Cash Flow

-$113M

Previous: -$43.9M-158.1%
Net Income

$79.2M

Previous: $114M-30.6%
Operating Income

$170M

Previous: $189M-10.5%
Gross Profit

$633M

Previous: $533M+18.8%
Cash & Equivalents

$596M

Previous: $709M-15.9%
Total Assets

$11.8B

Previous: $7.51B+57.2%
Stock-Based Comp

$19.7M

Previous: $17M+15.9%

Revenue & EPS history

TransUnion · Revenue · Quarterly

$938M

Q3 2022+18.5%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

TransUnion · $768M total across 3 segments · Q3 2022

  • U.S. Emerging Verticals
    $330M+49.2%
  • U.S. Financial Services
    $291M+4.7%
  • Consumer Interactive
    $147M+9.1%

Forward guidance

TransUnion expects revenue between $896 million and $916 million for Q4 2022. Adjusted EBITDA is expected to be between $318 million and $333 million, with adjusted diluted earnings per share between $0.80 and $0.86.

Tailwinds

  • As reported revenue growth of 13% - 16% for Q4 2022.
  • Constant currency revenue growth of 16% - 19% for Q4 2022.
  • Adjusted EBITDA growth of 13% - 18% for Q4 2022.
  • Expecting approximately 7 percent organic revenue growth excluding mortgage for 2022.
  • Expect to deliver strong earnings growth, driven by acquisition synergies and cost discipline.

Headwinds

  • Expecting approximately 3 points of headwind for Q4 2022 due to foreign currency exchange rates.
  • The impact of mortgage is expected to be approximately 4 points of headwind for Q4 2022.
  • Organic constant currency revenue growth of (3)% - 0% for Q4 2022.
  • Net income attributable to TransUnion growth (95)% - (94)% for Q4 2022.
  • Adjusted Diluted Earnings per Share growth (2)% - 6% for Q4 2022.

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 Q3 2022

Historical avgQ3 2022

+0.6%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.7%

Avg return

30 days after

57%

25 / 44 earnings

Positive

+18.4%

Q4 2015

Best reaction

-28.7%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.3%-1.1%+0.5%
Q4 2025-1.4%+4.9%-2.5%
Q3 2025+3.3%+2.8%+4.0%
Q2 2025-2.9%-4.9%-1.1%
Q1 2025+6.7%+6.7%+7.6%
Q4 2024+7.3%+3.9%-11.9%
Q3 2024+0.8%-2.0%-6.3%
Q2 2024+11.4%+15.8%+25.3%
Q1 2024+8.5%+6.3%+11.1%
Q4 2023+9.8%+6.3%+10.2%
Q3 2023-28.7%-32.8%-8.7%
Q2 2023+3.2%+0.4%-1.1%
Q1 2023+0.3%+7.8%+11.1%
Q4 2022+3.4%+3.9%-12.9%
Q3 2022+1.9%+5.1%+8.4%
Q2 2022-14.0%-9.6%-7.5%
Q1 2022-3.6%-5.7%-8.1%
Q4 2021-11.9%-6.6%+4.5%
Q3 2021-7.3%-2.4%-3.4%
Q2 2021+1.6%+3.0%+1.4%
Q1 2021+3.4%+4.0%+6.4%
Q4 2020-6.9%-6.1%-8.1%
Q3 2020-6.1%-5.6%+11.0%
Q2 2020+3.2%+0.2%-3.5%
Q1 2020+8.1%+2.6%+13.9%
Q4 2019+2.2%-0.7%-40.2%
Q3 2019+1.3%-0.1%+2.8%
Q2 2019+9.0%+12.7%+12.2%
Q1 2019-3.4%-1.8%-6.9%
Q4 2018-2.1%-2.6%+1.0%
Q3 2018-6.9%-10.2%-11.5%
Q2 2018-1.2%-4.5%-2.1%
Q1 2018+8.3%+8.0%+13.6%
Q4 2017-4.0%+0.6%+0.9%
Q3 2017+2.5%+4.5%+7.7%
Q2 2017-0.1%-0.7%+3.7%
Q1 2017-0.2%+0.4%+7.3%
Q4 2016+9.4%+8.5%+10.6%
Q3 2016-3.5%-6.6%-5.1%
Q2 2016-4.9%-7.3%-6.4%
Q1 2016+9.6%
Q4 2015+18.4%
Q3 2015+1.7%
Q2 2015+0.6%
Q4 2014
Q1 2015
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q4 2012
Q1 2013

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