TransUnion Q2 2020 Earnings Report
Key Takeaways
TransUnion's Q2 2020 results demonstrated resilience amidst challenging economic conditions, aligning with the Upside Case scenario. The company reported revenue of $634 million and net income of $69 million. While revenue decreased by 4%, the company strengthened its liquidity position by increasing cash on hand by $126 million to $432 million.
Business performance improved throughout the quarter due to re-openings and government stimulus.
Q2 2020 results were in line with the Upside Case scenario.
Liquidity position was strengthened with a $126 million increase in cash on hand.
The company continued to invest in Global Solutions, Global Operations, and Project Rise.
TransUnion
TransUnion
TransUnion Revenue by Segment
TransUnion Revenue by Geographic Location
Forward Guidance
Given the ongoing uncertainty across all our geographic and vertical markets, we are continuing to suspend full year guidance. We will continue to assess this decision, and intend to reinstate full year guidance at the appropriate time once we have sufficient visibility. We are similarly unable to provide third quarter 2020 guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income