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Sep 30, 2022
TransUnion Q3 2022 Earnings Report
Announced third quarter 2022 results
Key Takeaways
TransUnion's total revenue for the quarter was $938 million, a 26 percent increase compared to the third quarter of 2021. Net income attributable to TransUnion was $79 million, with diluted earnings per share at $0.41. Adjusted EBITDA was $341 million, a 13 percent increase with a margin of 36.3 percent.
Grew total revenues by 26 percent (5 percent organic constant currency revenue growth excluding mortgage), driven by strength in International and U.S. Financial Services.
Delivered strong progress on acquisition integrations, with stronger-than-expected revenue growth and synergy realization as well as a growing sales pipeline.
Expecting 2022 organic revenue growth excluding mortgage to be approximately 7 percent with strong performance in B2B businesses.
Adjusting guidance to reflect greater foreign currency headwinds as well as expected moderating growth in U.S. Markets business in the fourth quarter.
TransUnion
TransUnion
TransUnion Revenue by Segment
TransUnion Revenue by Geographic Location
Revenue by Segment
U.S. Financial Services Revenue
CapyFin.comU.S. Emerging Verticals Revenue
CapyFin.comTotal Consumer Interactive Revenue
CapyFin.comRevenue by Geographic Location
Canada Revenue
CapyFin.comLatin America Revenue
CapyFin.comUnited Kingdom Revenue
CapyFin.comAfrica Revenue
CapyFin.comIndia Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
TransUnion expects revenue between $896 million and $916 million for Q4 2022. Adjusted EBITDA is expected to be between $318 million and $333 million, with adjusted diluted earnings per share between $0.80 and $0.86.
Positive Outlook
- As reported revenue growth of 13% - 16% for Q4 2022.
- Constant currency revenue growth of 16% - 19% for Q4 2022.
- Adjusted EBITDA growth of 13% - 18% for Q4 2022.
- Expecting approximately 7 percent organic revenue growth excluding mortgage for 2022.
- Expect to deliver strong earnings growth, driven by acquisition synergies and cost discipline.
Challenges Ahead
- Expecting approximately 3 points of headwind for Q4 2022 due to foreign currency exchange rates.
- The impact of mortgage is expected to be approximately 4 points of headwind for Q4 2022.
- Organic constant currency revenue growth of (3)% - 0% for Q4 2022.
- Net income attributable to TransUnion growth (95)% - (94)% for Q4 2022.
- Adjusted Diluted Earnings per Share growth (2)% - 6% for Q4 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income