EQUIFAX INC

Listed Company

EFXCIK 0000033185NYSELarge AcceleratedServices-Consumer Credit Reporting, Collection AgenciesGeorgiaFY ends Dec 31

Period

FY 2025

Revenue

$6.07B

Net Income

$660.30M

Total Assets

$11.86B

Equity

$4.60B

Shares Out

119.30M

Op. Cash Flow

$1.62B

Business

EQUIFAX INC is a global data, analytics and technology company providing information solutions and human-resources business process automation and outsourcing to businesses, governments and consumers. Its products include consumer and commercial credit reporting, identity verification and fraud management, decisioning technology and analytics, employment and income verification, employer services, debt collection software and consumer credit monitoring. The company operates three segments: Workforce Solutions, U.S. Information Solutions (USIS) and International. It distributes services via direct sales, e-commerce, resellers, alliances and joint ventures across North America, Asia Pacific, Europe and Latin America.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Operating revenue	6,075	5,681	5,265	5,122	4,924
Cost of services (exclusive of depreciation and amortization below)	2,646	2,519	2,335	2,177	1,981
Selling, general and administrative expenses	1,614	1,451	1,386	1,329	1,325
Depreciation and amortization	720	670	611	560	480
Total operating expenses	4,979	4,639	4,332	4,066	3,786
Operating income	1,095	1,042	934	1,056	1,138
Interest expense	−212	−229	−241	−183	—
Other income (expense), net	12	−3	26	57	−43
Consolidated income before income taxes	895	811	718	930	949
Provision for income taxes	−231	−203	−166	−230	−201
Consolidated net income	664	607	552	700	749
Less: Net income attributable to noncontrolling interests including redeemable noncontrolling interests	−4	−3	−6	−4	−4
Net income attributable to Equifax	660	604	545	696	744
Net income attributable to Equifax (in dollars per share)	5.36	4.88	4.44	5.69	6.11
Weighted-average shares used in computing basic earnings per share (in shares)	123	124	123	122	122
Net income attributable to Equifax (in dollars per share)	5.32	4.84	4.4	5.65	6.02
Weighted-average shares used in computing diluted earnings per share (in shares)	124	125	124	123	124
Dividends per common share (in dollars per share)	1.89	1.56	1.56	1.56	1.56

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	181	170	217	285	225
Trade accounts receivable, net of allowance for doubtful accounts of $20.2 and $16.9 at December 31, 2025 and 2024, respectively	1,013	958	908	858	728
Prepaid expenses	144	135	143	134	108
Other current assets	75	98	89	93	60
Total current assets	1,412	1,361	1,356	1,371	1,121
Capitalized internal-use software and system costs	3,098	2,818	2,541	2,139	1,727
Data processing equipment and furniture	239	230	248	281	300
Land, buildings and improvements	300	285	273	262	250
Total property and equipment	3,637	3,332	3,062	2,682	2,277
Less accumulated depreciation and amortization	−1,705	−1,440	−1,228	−1,095	−961
Total property and equipment, net	1,932	1,892	1,834	1,587	1,316
Goodwill	6,746	6,548	6,830	6,384	6,258
Indefinite-lived intangible assets	95	95	95	95	95
Purchased intangible assets, net	1,331	1,521	1,859	1,819	1,898
Other assets, net	348	343	306	293	353
Total assets	11,864	11,759	12,280	11,548	11,041
Short-term debt and current maturities of long-term debt	1,038	688	963	967	825
Accounts payable	206	138	198	251	212
Accrued expenses	276	251	245	229	238
Accrued salaries and bonuses	286	216	169	139	258
Deferred revenue	101	116	110	133	121
Other current liabilities	427	403	335	297	638
Total current liabilities	2,335	1,812	2,019	2,015	2,291
Long-term debt	4,055	4,323	4,748	4,820	4,470
Deferred income tax liabilities, net	391	352	475	460	358
Long-term pension and other postretirement benefit liabilities	103	107	100	100	130
Other long-term liabilities	241	247	251	179	190
Total liabilities	7,126	6,840	7,593	7,575	7,440
Commitments and Contingencies (see Note 6)	—	—	—	—	—
Redeemable noncontrolling interests	114	105	135	0	—
Preferred stock, $0.01 par value: Authorized shares - 10.0; Issued shares - none	0	0	0	0	0
Common stock, $1.25 par value: Authorized shares - 300.0; Issued shares - 189.3 at December 31, 2025 and 2024; Outstanding shares - 120.4 and 124.0 at December 31, 2025 and 2024, respectively	237	237	237	237	237
Paid-in capital	2,023	1,915	1,761	1,594	1,537
Retained earnings	6,445	6,019	5,609	5,256	4,752
Accumulated other comprehensive loss	−517	−723	−431	−474	−295
Treasury stock, at cost, 68.3 shares and 64.7 shares at December 31, 2025 and 2024, respectively	−3,578	−2,645	−2,635	−2,651	−2,639
Stock held by employee benefits trusts, at cost, 0.6 shares at December 31, 2025 and 2024	−6	−6	−6	−6	−6
Total Equifax shareholders equity	4,604	4,797	4,534	3,957	3,584
Noncontrolling interests	20	18	18	17	17
Total shareholders equity	4,624	4,814	4,552	3,973	3,601
Total liabilities, redeemable noncontrolling interests, and shareholders' equity	11,864	11,759	12,280	11,548	11,041

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	727	681	620	569	490
Stock-based compensation expense	78	82	72	63	55
Deferred income taxes	30	−67	−70	88	9
Gain on fair market value adjustment and gain on sale of equity investments	−1	0	−14	—	—
Accounts receivable, net	−41	−66	−23	−139	−66
Other assets, current and long-term	43	−30	−13	−22	16
Current and long-term liabilities, excluding debt	115	118	−6	−465	24
Cash provided by operating activities	1,616	1,325	1,117	757	1,335
Capital expenditures	−481	−512	−601	−625	−469
Acquisitions, net of cash acquired	−74	0	−284	−434	−2,936
Cash received from divestitures	1	0	7	99	2
Cash used in investing activities	−554	−512	−878	−960	−3,398
Net short-term borrowings (payments)	475	91	−371	242	323
Payments on long-term debt	−400	−1,446	−579	−500	−1,100
Proceeds from issuance of long-term debt	2	650	873	749	1,697
Treasury stock purchases	−928	0	0	0	−70
Dividends paid to Equifax shareholders	−233	−193	−192	−191	−190
Distributions paid to noncontrolling interests	−6	−5	−46	−3	−7
Proceeds from exercise of stock options and employee stock purchase plan	46	78	32	17	47
Payment of taxes related to settlement of equity awards	−15	−17	−17	−34	−57
Purchase of redeemable noncontrolling interests	−900,000	0	0	−400,000	−11
Debt issuance costs	0	−5	−6	−6	−15
Cash used in financing activities	−1,060	−846	−306	274	618
Effect of foreign currency exchange rates on cash and cash equivalents	9	−14	−800,000	−11	−14
Increase (decrease) in cash and cash equivalents	11	−47	−68	61	−1,460

Filings

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