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Dec 31, 2024
Equifax Q4 2024 Earnings Report
Equifax reported a 7% revenue increase for Q4 2024, driven by strong growth in U.S. Mortgage and new product innovation, despite challenges in the U.S. hiring and mortgage markets.
Key Takeaways
Equifax's Q4 2024 revenue reached $1.419 billion, a 7% increase (9% in local currency). Growth was propelled by a 29% surge in U.S. Mortgage revenue and a 12% New Product Vitality Index. The company issues FY2025 revenue guidance of $5.950 billion and Adjusted EPS of $7.45.
Q4 2024 revenue increased by 7% to $1.419 billion, or 9% on a local currency basis.
U.S. Mortgage revenue grew strongly by 29% in the fourth quarter.
Workforce Solutions revenue rose by 7%, with Verification Services up 10%, while Employer Services declined by 9%.
Equifax issued full-year 2025 guidance with a midpoint revenue expectation of $5.950 billion and Adjusted EPS of $7.45 per share.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Equifax issued full-year 2025 guidance with a midpoint revenue expectation of $5.950 billion, up 4.7%, with constant currency organic revenue growth of about 6% and Adjusted EPS of $7.45 per share.
Positive Outlook
- Revenue guidance midpoint expectation for 2025 of $5.950 billion, up 4.7%.
- Constant currency organic revenue growth of about 6% expected in 2025.
- Adjusted EPS guidance midpoint expectation for 2025 of $7.45 per share, up 2% versus 2024.
- Strong cash flow and balance sheet positioning for dividend growth and share repurchases in 2025.
- Leveraging cloud capabilities to accelerate new product solutions.
Challenges Ahead
- Expectation of an about 12% decline in U.S. mortgage hard credit inquiries in 2025.
- Weaker U.S. hiring market impacting Talent Solutions revenue.
- Employer Services revenue declined 9% in the quarter due to the U.S. hiring market.
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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