The lowered revenue guidance signals that mortgage market headwinds are persisting into Q4, which may pressure the stock despite the Q3 beat. Watch for further mortgage market data and any commentary on Q4 conference call regarding Diversified Markets growth trajectory.
Price Chart
Executive Summary
Equifax reported Q3 2026 adjusted EPS of $2.26, a 2.8% beat vs $2.20 consensus, on revenue of $1.693B (+10% YoY). However, the company lowered full-year 2026 revenue guidance to $6.646-$6.676B (midpoint $6.661B) from prior expectations, citing a sustained weaker U.S. mortgage market, while maintaining adjusted EPS guidance at $8.45-$8.55 (midpoint $8.50), only $0.04 below the prior midpoint. The beat is modest and the guidance cut on revenue is a clear negative signal, making the overall read bearish.
Key Financial Metrics
Key Facts
- Q3 2026 adjusted EPS $2.26 vs consensus $2.20 (2.8% beat)
- Q3 2026 revenue $1.693B, +10% YoY reported, +9% local currency
- Full-year 2026 revenue guidance lowered to $6.646-$6.676B (midpoint $6.661B)
- Full-year 2026 adjusted EPS guidance maintained at $8.45-$8.55 (midpoint $8.50)
- U.S. Mortgage revenue grew 15% in Q3 but management expects continued weakness in Q4
- Workforce Solutions revenue +7%; USIS +13%; International +9% reported / +7% local currency
- Adjusted EBITDA margin 33.1%, up from 32.7% a year ago
- Returned $158M to shareholders via buybacks ($92M) and dividends ($66M)
Financial Impact
Revenue guidance cut by ~$100M at midpoint vs prior expectations; EPS guidance trimmed by $0.04
Risk Factors
- Continued weakness in U.S. mortgage market beyond Q4 2026
- Inability to fully offset mortgage revenue decline with cost efficiencies
- Potential for further guidance reductions if mortgage market deteriorates further
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302913844 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 144 | $178.56 $175.71 | ▼ −1.60% | ▼ −2.16% | $175.71 (−1.60%) |
Oct 23, 2026 4d ago | 144 | $178.56 $175.71 | ▼ −1.60% | ▼ −2.16% | $175.71 (−1.60%) |
Oct 22, 2026 6d ago | Court Ruling | $182.36 $178.56 | ▼ −2.08% | ▼ −2.79% | $175.71 (−3.65%) |
Oct 22, 2026 6d ago | Court Ruling | $182.36 $178.56 | ▼ −2.08% | ▼ −2.79% | $175.71 (−3.65%) |
Oct 21, 2026 6d ago | Institutional Cluster | $187.14 $182.36 | ▲ +2.55% | ▲ +2.03% | $175.71 (+6.11%) |
Oct 20, 2026 7d ago | 8-K | $176.54 $175.57 | ▼ −0.55% | ▼ −1.07% | $175.71 (−0.47%) |
Oct 20, 2026 7d ago | Press Release | $176.54 $175.57 | ▲ +0.55% | ▲ +1.07% | $175.71 (+0.47%) |
Oct 19, 2026 9d ago | Court Ruling | $176.54 $175.57 | ▼ −0.55% | ▼ −1.07% | $175.71 (−0.47%) |
Oct 16, 2026 12d ago | Court Ruling | $158.57 $176.54 | ▲ +11.33% | ▲ +11.00% | $175.71 (+10.81%) |
Oct 13, 2026 15d ago | Court Ruling | $150.36 $161.26 | ▲ +7.25% | ▲ +6.96% | $175.71 (+16.86%) |
US Market Status
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