This is a routine renewal of a government verification contract. The award is small relative to Equifax's total revenue but signals continued government demand for employment/income verification services. Monitor for future task orders under this IDIQ vehicle, which could expand the relationship.
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Executive Summary
Equifax Workforce Solutions LLC, a subsidiary of Equifax Inc., received a $55 million task order from the Social Security Administration for the Payroll Information Exchange (PIE) for one year starting June 2026. This is a material contract award for Equifax's verification services business, representing roughly 0.3% of annual revenue, but it reinforces a key government relationship.
Key Financial Metrics
Key Facts
- Award amount: $55,000,000 (rounded) from the Social Security Administration
- Contract type: task order for the Payroll Information Exchange (PIE)
- Performance period: June 1, 2026 through May 31, 2027
- Recipient: Equifax Workforce Solutions LLC, a subsidiary of Equifax Inc.
- Award represents approximately 0.3% of Equifax's annual revenue (based on ~$5.5B revenue)
Financial Impact
$55 million task order, roughly 0.3% of annual revenue
Risk Factors
- Government funding risk under continuing resolutions or sequestration
- Contract is only for one year with no stated renewal options
- Low margin profile typical of government verification contracts
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-28321326FDS030081 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Press Release | $172.29 $158.62 | ▼ −7.93% | ▼ −8.04% | $141.03 (−18.15%) |
Sep 14, 2026 18d ago | Court Ruling | $172.29 $158.62 | ▼ −7.93% | ▼ −8.04% | $141.03 (−18.15%) |
Sep 11, 2026 21d ago | Court Ruling | $169.00 $158.87 | ▼ −5.99% | ▼ −5.77% | $141.03 (−16.55%) |
Sep 11, 2026 21d ago | Court Ruling | $169.00 $158.87 | ▼ −5.99% | ▼ −5.77% | $141.03 (−16.55%) |
Sep 2, 2026 4w ago | Court Ruling | $185.48 $168.04 | ▼ −9.40% | ▼ −8.44% | $141.03 (−23.97%) |
Aug 31, 2026 4w ago | Court Ruling | $189.16 $171.62 | ▼ −9.27% | ▼ −9.13% | $141.03 (−25.45%) |
Aug 28, 2026 5w ago | Court Ruling | $194.35 $177.05 | ▼ −8.90% | ▼ −9.01% | $141.03 (−27.44%) |
Aug 27, 2026 5w ago | Court Ruling | $190.36 $189.09 | ▼ −0.67% | ▼ −0.94% | $141.03 (−25.92%) |
Aug 26, 2026 5w ago | Court Ruling | $190.56 $185.48 | ▼ −2.67% | ▼ −2.55% | $141.03 (−25.99%) |
Aug 20, 2026 6w ago | Court Ruling | $192.41 $190.36 | ▼ −1.07% | ▼ −2.18% | $141.03 (−26.70%) |
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