Equifax Reports Q3 Earnings with Strong Revenue Growth and Adjusted EPS Despite Mortgage Market Challenges
Equifax (EFX) reported strong third-quarter results for fiscal year 2026, surpassing earnings guidance despite late-quarter headwinds in the U.S. mortgage market driven by rising interest rates. The company recorded operating revenue of $1.69 billion, a 10% increase from last year across all three business segments. Adjusted EPS reached $2.26, up 11%, and adjusted EBITDA margin improved to 33.1%. Talent Solutions saw over 20% growth in the quarter despite a soft hiring market. The company also highlighted record performance with its New Product Vitality Index at 17%, exceeding long-term goals. U.S. Information Solutions revenue rose by 13%, and international revenue grew 7% in constant currency, led by strong performances in Asia Pacific and Latin America. However, mortgage-related challenges are expected to impact full-year revenue guidance, with a $80 million reduction from previous forecasts due to declining transaction volumes. Equifax remains focused on AI-driven productivity improvements and share repurchases, having spent $92 million this quarter alone. The company also announced plans for the pending acquisition of Círculo Crédito in Mexico.
