The in-line quarter and maintained guidance suggest no immediate catalyst for a large move. The Circulo de Credito acquisition ($750M) and AI cost target ($150M) are medium-term strategic positives. Watch for Q3 guidance updates on the earnings call and any further details on the legal settlement's scope.
Price Chart
Executive Summary
Equifax reported Q2 2026 revenue of $1.700B (+11% YoY), in line with consensus, and adjusted EPS of $2.25 (+13% YoY), a 2.3% beat vs the $2.20 estimate. The quarter featured strong USIS growth (+17%) and a 25% jump in US mortgage revenue, but GAAP net income fell 4% YoY to $183.9M due to a $40M legal settlement charge. The company maintained its full-year guidance, signed a $750M deal to acquire Mexico's Circulo de Credito, and doubled its AI cost-reduction target to $150M. The in-line revenue and maintained guidance make this a neutral-to-modestly-positive report, with the acquisition and AI target providing a strategic narrative but no immediate earnings catalyst.
Key Financial Metrics
Key Facts
- Revenue of $1.700B, up 11% YoY, in line with $1.70B consensus
- Adjusted EPS of $2.25, up 13% YoY, a 2.3% beat vs $2.20 consensus
- GAAP diluted EPS of $1.54, up 1% YoY; GAAP net income fell 4% to $183.9M
- Signed definitive agreement to acquire Circulo de Credito for $750M enterprise value
- Doubled 2026-2028 AI-driven cost reduction target to $150M
- Returned $366M to shareholders via $300M buybacks and $66M dividends
- Full-year FY 2026 guidance maintained: revenue $6.71B-$6.78B, adjusted EPS $8.39-$8.69
Financial Impact
Q2 revenue of $1.700B (+11% YoY); adjusted EPS $2.25 (+13% YoY); GAAP net income $183.9M (-4% YoY) due to $40M legal settlement charge
Risk Factors
- $40M legal settlement charge related to a coding issue; further litigation or regulatory costs possible
- Full-year guidance maintained despite Q1 beat, signaling caution on mortgage market and macro uncertainty
- Integration risk for the $750M Circulo de Credito acquisition
- Workforce Solutions operating margin contracted 150bps YoY to 44.9%
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000033185-26-000024 |
| Document: efx-20260721.htm | 0000033185-26-000024 |
| Document: 0000033185-26-000024-index-headers.html | 0000033185-26-000024 |
| Document: 0000033185-26-000024-index.html | 0000033185-26-000024 |
| Document: 0000033185-26-000024.txt | 0000033185-26-000024 |
| 8-K Data (Synthetic) | 0000033185-26-000024 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Press Release | $172.29 $158.62 | ▼ −7.93% | ▼ −8.04% | $140.00 (−18.74%) |
Sep 14, 2026 18d ago | Court Ruling | $172.29 $158.62 | ▼ −7.93% | ▼ −8.04% | $140.00 (−18.74%) |
Sep 11, 2026 21d ago | Court Ruling | $169.00 $158.87 | ▼ −5.99% | ▼ −5.77% | $140.00 (−17.16%) |
Sep 11, 2026 21d ago | Court Ruling | $169.00 $158.87 | ▼ −5.99% | ▼ −5.77% | $140.00 (−17.16%) |
Sep 2, 2026 4w ago | Court Ruling | $185.48 $168.04 | ▼ −9.40% | ▼ −8.44% | $140.00 (−24.52%) |
Aug 31, 2026 4w ago | Court Ruling | $189.16 $171.62 | ▼ −9.27% | ▼ −9.13% | $140.00 (−25.99%) |
Aug 28, 2026 5w ago | Court Ruling | $194.35 $177.05 | ▼ −8.90% | ▼ −9.01% | $140.00 (−27.97%) |
Aug 27, 2026 5w ago | Court Ruling | $190.36 $189.09 | ▼ −0.67% | ▼ −0.94% | $140.00 (−26.46%) |
Aug 26, 2026 5w ago | Court Ruling | $190.56 $185.48 | ▼ −2.67% | ▼ −2.55% | $140.00 (−26.53%) |
Aug 20, 2026 6w ago | Court Ruling | $192.41 $190.36 | ▼ −1.07% | ▼ −2.18% | $140.00 (−27.24%) |
US Market Status
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