TransUnion Q2 2024 Earnings Report
Key Takeaways
TransUnion announced strong Q2 2024 results, exceeding financial guidance for revenue and earnings. Revenue grew by 8% to $1,041 million, and net income attributable to TransUnion increased to $85 million. The company raised its full-year revenue growth guidance to 7-8%.
Exceeded second quarter 2024 financial guidance for revenue and earnings.
Grew revenue by 8 percent, driven by U.S. mortgage, International and Emerging Verticals, while executing on transformation program savings.
Voluntarily prepaid $80 million in debt and completed debt refinancing, which extended maturities and reduced interest expense, and advanced our de-leveraging efforts.
Raising 2024 financial guidance, we now expect to deliver 7 to 8 percent revenue growth for the year.
TransUnion
TransUnion
TransUnion Revenue by Segment
TransUnion Revenue by Geographic Location
Forward Guidance
TransUnion raised its 2024 guidance and now expects to deliver 7 to 8 percent revenue growth.
Positive Outlook
- Revenue, as reported: $1,044 to $1,060 million
- Revenue growth: As reported: 8% to 9%
- Revenue growth: Constant currency: 8% to 10%
- Revenue growth: Organic constant currency: 8% to 10%
- Adjusted EBITDA, as reported: $367 to $380 million
Challenges Ahead
- Net income attributable to TransUnion: $49 to $59 million
- Net income attributable to TransUnion growth: 15% to 18%
- Net income attributable to TransUnion margin: 4.7% to 5.5%
- Diluted Earnings per Share: $0.25 to $0.30
- Adjusted EBITDA growth, as reported: 3% to 7%
Revenue & Expenses
Visualization of income flow from segment revenue to net income