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Dec 31, 2020
Equifax Q4 2020 Earnings Report
Equifax reported strong double-digit growth and margin expansion for the fourth consecutive quarter, concluding a record year with over $4 billion in revenue.
Key Takeaways
Equifax reported a strong Q4 2020, with a 23% increase in revenue compared to Q4 2019. The company's performance was fueled by Workforce Solutions and U.S. Information Services, leveraging new Equifax Cloud capabilities and product roll-outs.
Equifax delivered its fourth consecutive quarter of strong double-digit growth and margin expansion.
Q4 revenue increased by 23% compared to the fourth quarter of 2019.
Diluted EPS attributable to Equifax was $0.61 per share, up from $0.13 per share in the fourth quarter of 2019.
The company plans to restart its share repurchase program at an expected level over $100 million in 2021.
Equifax
Equifax
Equifax Revenue by Segment
Equifax Revenue by Geographic Location
Revenue by Segment
Workforce Solutions Revenue
CapyFin.comUS Information Solutions Revenue
CapyFin.comInternational Revenue
CapyFin.comRevenue by Geographic Location
Latin America Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comCanada Revenue
CapyFin.com Forward Guidance
For the first quarter of 2021, Equifax expects revenue between $1,105 and $1,125 million and adjusted EPS between $1.45 and $1.55 per share. For the full year 2021, the company expects revenue between $4.350 and $4.450 billion and adjusted EPS between $6.20 and $6.50 per share.
Positive Outlook
- Expects reported revenue to be between $1,105 and $1,125 million for Q1 2021.
- Reflects growth as compared to the first quarter of 2020 of 15.3% to 17.4% for Q1 2021.
- Expects a 1.9% positive impact of foreign exchange for Q1 2021.
- Adjusted EPS is expected to be between $1.45 and $1.55 per share for Q1 2021.
- Expects full year 2021 reported revenue to be between $4.350 and $4.450 billion.
Challenges Ahead
- Expectation of a 24% increase in U.S. mortgage market inquiries impacting USIS and EWS units for Q1 2021.
- Local currency growth compared to 2020 of 5.4% to 7.8% for full year 2021.
- Adjusted EPS is expected to be between $6.20 and $6.50 per share for full year 2021.
- U.S. mortgage market inquiries are expected to decline by 5% in 2021 versus 2020.
- Growth in inquiries in the first half of 2021, offset by a decline in inquiries in the second half of 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income