Equifax Q4 2024 Earnings Report
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.
Equifax
Equifax
Equifax Revenue by Segment
Equifax 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.
- Guidance reflects an expectation of about 12% decline in 2025 U.S. hard mortgage credit inquiries, compared to down 10% in 2024.
- 2025 guidance reflects an expectation of about 12% decline in 2025 U.S. hard mortgage credit inquiries, compared to down 10% in 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income