Equifax Reports Record Q1 Revenue Due to U.S. Mortgage Surge
Equifax reported record first-quarter revenue of $1.65 billion, a 14% increase year-over-year, driven by a 38% rise in U.S. mortgage revenue. The company also saw a 29% increase in net income and a 22% rise in adjusted EPS. The surge was attributed to increased mortgage activity before interest rates rose following the Iran conflict.
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Topics: Credit Data Earnings Growth Employment Verification Equifax Mortgage Surge Q1 Revenue