The Q3 beat is overshadowed by the FY revenue guidance cut driven by mortgage market weakness. Watch Q4 mortgage revenue trajectory and whether Diversified Markets can fully offset the headwind. The Circulo de Credito close in Q4 adds Mexico exposure but is small relative to total revenue.
Price Chart
Executive Summary
Equifax reported Q3 2026 revenue of $1.6925B (+10% YoY) and adjusted EPS of $2.26 (+11% YoY), beating consensus estimates of $2.13 EPS on $1.63B revenue. However, the company lowered its full-year 2026 revenue guidance midpoint to $6.661B (from prior ~$6.745B) citing a weaker U.S. mortgage market, while maintaining adjusted EPS guidance near $8.50. The beat was driven by strong Diversified Markets growth (8%) and record new product Vitality Index (17%), partially offset by mortgage headwinds.
Key Financial Metrics
Key Facts
- Q3 2026 revenue $1.6925B, up 10% YoY (9% local currency)
- Adjusted EPS $2.26, up 11% YoY, beating consensus $2.13 by 6.2%
- GAAP diluted EPS $1.79, up 39% YoY from $1.29
- Net income attributable to Equifax $211.7M, up 32% YoY
- Full-year 2026 revenue guidance lowered to $6.646B-$6.676B (midpoint $6.661B) from prior $6.710B-$6.780B
- Full-year 2026 adjusted EPS guidance narrowed to $8.45-$8.55 (midpoint $8.50), vs prior $8.39-$8.69
- Workforce Solutions revenue $693.9M (+7%), USIS $599.1M (+13%), International $399.5M (+9%)
- U.S. Mortgage revenue up 15% but management expects continued weakness in Q4
- Diversified Markets revenue grew 8% with broad-based strength across all units
- Record new product Vitality Index over 17%
- Returned $158M to shareholders via buybacks ($92M) and dividends ($66M)
- Circulo de Credito acquisition expected to close in Q4 2026
Financial Impact
Revenue beat of ~$62.5M vs consensus ($1.6925B vs $1.63B); EPS beat of $0.13 vs consensus ($2.26 vs $2.13); FY revenue guidance cut by ~$84M at midpoint; FY EPS guidance maintained within prior range
Risk Factors
- Continued U.S. mortgage market weakness into Q4 and 2027
- FY revenue guidance cut signals deceleration in H2 2026
- Integration risk from Circulo de Credito acquisition ($750M enterprise value)
- Antitrust litigation costs related to Workforce Solutions business
- Macroeconomic uncertainty impacting consumer credit demand
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000033185-26-000037 |
| Document: efx-20261020.htm | 0000033185-26-000037 |
| Document: 0000033185-26-000037-index-headers.html | 0000033185-26-000037 |
| Document: 0000033185-26-000037-index.html | 0000033185-26-000037 |
| Document: 0000033185-26-000037.txt | 0000033185-26-000037 |
| 8-K Data (Synthetic) | 0000033185-26-000037 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 144 | $184.78 | awaiting T+1 | — | $178.56 (−3.37%) |
Oct 23, 2026 3d ago | 144 | $182.36 | awaiting T+1 | — | $178.56 (−2.08%) |
Oct 22, 2026 5d ago | Court Ruling | $182.36 $178.56 | ▼ −2.08% | ▼ −2.79% | $178.56 (−2.08%) |
Oct 22, 2026 5d ago | Court Ruling | $182.36 $178.56 | ▼ −2.08% | ▼ −2.79% | $178.56 (−2.08%) |
Oct 21, 2026 5d ago | Institutional Cluster | $187.14 $182.36 | ▲ +2.55% | ▲ +2.03% | $178.56 (+4.58%) |
Oct 20, 2026 6d ago | 8-K | $176.54 $175.57 | ▼ −0.55% | ▼ −1.07% | $178.56 (+1.14%) |
Oct 20, 2026 6d ago | Press Release | $176.54 $175.57 | ▲ +0.55% | ▲ +1.07% | $178.56 (−1.14%) |
Oct 19, 2026 8d ago | Court Ruling | $176.54 $175.57 | ▼ −0.55% | ▼ −1.07% | $178.56 (+1.14%) |
Oct 16, 2026 11d ago | Court Ruling | $158.57 $176.54 | ▲ +11.33% | ▲ +11.00% | $178.56 (+12.61%) |
Oct 13, 2026 14d ago | Court Ruling | $150.36 $161.26 | ▲ +7.25% | ▲ +6.96% | $178.56 (+18.75%) |
US Market Status
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