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Jun 30, 2024
Equifax Q2 2024 Earnings Report
Equifax reported strong second quarter with revenue growth led by Workforce Solutions Non-Mortgage Verification Services.
Key Takeaways
Equifax had a strong second quarter with revenue of $1.430 billion, up 9%. EWS Verification Services revenue was up a very strong 9% driven by Government revenue up 30%. The non-mortgage business delivered very strong broad-based 13% local currency revenue growth.
Second quarter 2024 revenue grew 9%, with 13% non-mortgage local currency revenue growth.
Workforce Solutions second quarter revenue grew 5%, with 12% non-mortgage revenue growth from 20% Verification Services non-mortgage revenue growth led by Government and Talent Solutions.
USIS second quarter revenue growth of 7% with 27% mortgage revenue growth and 1% non-mortgage revenue growth.
International second quarter revenue growth of 17% on a reported basis and up 28% on a local currency basis, with organic local currency revenue growth of 12%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Equifax maintains its full-year 2024 guidance with a midpoint expectation for revenue of $5.720 billion, up 8.6%, and Adjusted EPS of $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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