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Mar 31, 2020

Equifax Q1 2020 Earnings Report

Equifax reported its strongest quarterly revenue performance since the 2017 cyber event, with revenue and margin growth amidst the pandemic.

Key Takeaways

Equifax Inc. announced financial results for the quarter ended March 31, 2020, reporting a revenue of $957.9 million, up 13 percent compared to the first quarter of 2019. Net income attributable to Equifax was $112.6 million, up compared to a net loss of $555.9 million in the first quarter of 2019. First quarter diluted EPS was $0.92, up compared to a loss of $4.57 in the first quarter of 2019.

Equifax delivered its strongest quarterly revenue performance since the 2017 cyber event.

First quarter revenue was $957.9 million, up 13 percent compared to the first quarter of 2019.

Net income attributable to Equifax was $112.6 million, up compared to a net loss of $555.9 million in the first quarter of 2019.

First quarter diluted EPS was $0.92, up compared to a loss of $4.57 in the first quarter of 2019.

Total Revenue
$958M
Previous year: $846M
+13.2%
EPS
$1.4
Previous year: $1.2
+16.7%
Adjusted EBITDA Margin
32.4%
Previous year: 30.5%
+6.2%
USIS Operating Margin
31.4%
Previous year: 32.2%
-2.5%
Workforce Solutions Oper. Margin
44.3%
Previous year: 42.1%
+5.2%
Gross Profit
$544M
Previous year: $459M
+18.6%
Cash and Equivalents
$370M
Previous year: $133M
+177.7%
Total Assets
$7.62B
Previous year: $7.34B
+3.9%

Equifax

Equifax

Equifax Revenue by Segment

Equifax Revenue by Geographic Location

Forward Guidance

Due to the rapidly evolving environment and continued uncertainties resulting from the economic impact globally of the coronavirus disease (“COVID-19”), Equifax is not providing guidance for the second quarter of 2020, and are withdrawing our previously announced guidance for full year 2020, which was issued on February 12, 2020.

Revenue & Expenses

Visualization of income flow from segment revenue to net income