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Mar 31, 2023
Equifax Q1 2023 Earnings Report
Equifax's first quarter 2023 earnings were announced, revealing a mix of challenges and successes.
Key Takeaways
Equifax reported a 4% decrease in revenue to $1.302 billion due to a decline in mortgage revenue, but experienced strong growth in non-mortgage constant currency revenue. The company is on track to deliver planned spending reductions and signed an agreement to acquire Boa Vista Serviços in Brazil.
First quarter revenue decreased by 4% to $1.302 billion, influenced by a 33% decline in mortgage revenue.
Non-mortgage constant currency revenue grew by 10%.
Agreement signed to acquire Boa Vista Serviços, which will expand Equifax capabilities in the Brazilian market.
On track to deliver planned $200 million in spending reductions in 2023.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Equifax provided guidance for the second quarter and full year 2023.
Positive Outlook
- Reported Revenue: Q2 2023 Low-End: $1.310 billion, High-End: $1.330 billion; FY 2023 Low-End: $5.275 billion, High-End: $5.375 billion
- Reported Revenue Growth: Q2 2023 Low-End: -0.5%, High-End: 1.0%; FY 2023 Low-End: 3.0%, High-End: 4.9%
- Local Currency Growth: Q2 2023 Low-End: 0.8%, High-End: 2.3%; FY 2023 Low-End: 3.8%, High-End: 5.7%
- Organic Local Currency Growth: Q2 2023 Low-End: -0.5%, High-End: 1.0%; FY 2023 Low-End: 2.8%, High-End: 4.7%
- Adjusted Earnings Per Share: Q2 2023 Low-End: $1.60, High-End: $1.70; FY 2023 Low-End: $7.05, High-End: $7.35
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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