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Dec 31, 2021
Equifax Q4 2021 Earnings Report
Equifax reported record revenue and eighth consecutive quarter of double-digit growth.
Key Takeaways
Equifax reported a record fourth quarter revenue of $1.3 billion, a 12% increase year-over-year, driven by Workforce Solutions revenue growth of 29%. The company's strong performance and strategic investments position it for continued growth in 2022.
Record fourth quarter 2021 revenue of $1.3 billion, up 12%.
Workforce Solutions revenue growth of 29%; eleven consecutive quarters of double-digit revenue growth.
Strong new product innovation leveraging new EFX Cloud.
Closed in February bolt-on acquisition of Efficient Hire to enhance differentiated data and strengthen Workforce Solutions.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Equifax reconfirmed its full-year 2022 guidance, expecting revenue in the range of $5.250 billion to $5.350 billion and Adjusted EPS in the range of $8.50 to $8.80.
Positive Outlook
- Reconfirming prior framework with full-year 2022 guidance.
- Revenue in a range of $5.250 billion to $5.350 billion.
- Adjusted EPS in a range of $8.50 to $8.80.
- Increase in core revenue growth.
- Positioning Equifax for diversified growth.
Challenges Ahead
- Expectation of a sharper decline in the U.S. mortgage market of 21.5% compared to last year.
- Potential adverse developments in new and pending legal proceedings or government investigations.
- Risks relating to unauthorized access to data or breaches of confidential information due to criminal conduct, attacks by hackers, employee or insider malfeasance and/or human error.
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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