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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.
Revenue by Segment
Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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