Slide 1: Fourth Quarter 2025 Earnings
Fourth Quarter 2025 Earnings Chris Cartwright, President and CEO Todd Cello, CFO February 12, 2026
Slide 2: Forward-Looking Statements Non-GAAP Financial Information
Forward-Looking Statements Non-GAAP Financial Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This investor presentation includes certain non-GAAP These statements are based on the current beliefs and expec
Slide 3: Agenda
Fourth quarter highlights and 2025 1 accomplishments 2 2026 strategic priorities 3 Fourth quarter 2025 financial results First quarter and full-year 2026 4 guidance @ Copyright © 2026 2026 TransUnion, TransUnion, its subsidiaries its subsidiaries and/or affiliates. All Rights Reserved. 33 and/or aff
Slide 4: Fourth quarter 2025 highlights
Q4 Update Fourth quarter 2025 highlights Exceeded Organic constant U.S. Markets International ~$150 million of guidance on currency revenue revenue +16%* revenue grew repurchases in revenue, Adjusted +12%* with strength +2%* led by Q4; ~$300 million EBITDA and across Financial double-digit growth in
Slide 5: Diversified revenue growth in Q4 led by U.S., Canada and the U.K.
Q4 Update Diversified revenue growth in Q4 led by U.S., Canada and the U.K. U.S. Markets1 Growth Drivers International1 Growth Drivers 7 p.p. (1.5) p.p. 2 p.p. 16% (1) p.p. 4 p.p. 2.5 p.p. 2% 5 p.p. Volumes / new Pricing Non credit U.S. Markets U.K. Canada APAC, Africa, India International wins grow
Slide 6: Strong results in 2025 enabled accretive capital deployment
2025 Highlights Strong results in 2025 enabled accretive capital deployment +9% 36.0% +10% Organic constant currency Adjusted EBITDA Margin Adjusted Diluted EPS growth revenue growth +$183 million above high-end +$56 million above high-end +$0.22 above high-end of February 2025 guidance of February
Slide 7: Scaling our complementary global solution families
2025 Highlights Scaling our complementary global solution families Revenue by Solution Family (FY 2025) U.S. Markets ($3.6 billion) International ($1.0 billion) Total Company ($4.6 billion) Other Other Marketing 2% 2% Fraud 2% 15% Fraud Fraud 16% 17% + Consumer = Marketing Marketing 13% 12% 11% Cred
Slide 8: Innovation-led strength across our core solutions families
2025 Highlights Innovation-led strength across our 4 core solutions families driving higher growth potential Organic Constant Currency Growth Solution Families FY 2024 FY 2025 2025 Growth Drivers • Core volume growth, particularly U.S. non-mortgage, and Credit +13% +13% consistent pricing • Strong s
Slide 9: Strong results enabled by progress on our business transformation
2025 Highlights Strong results enabled by progress on our business transformation • Strengthened leadership team, including recent addition of Francesca Noli (formerly Capital Enhanced One) as Head of Consumer Solutions our global • Standardized product management approach to operating model acceler
Slide 10: 2026 focus: Continuing to deliver strong revenue and earnings growth
2026 Priorities 2026 focus: Continuing to deliver strong revenue and earnings growth 2026 Guidance and Expectations: +8% to 9% +7% to 8% +8% to 10% Organic constant currency Adjusted EBITDA growth Adjusted Diluted EPS growth revenue growth +5% to 6% excluding 50bps to 70bps expansion Upside potentia
Slide 11: 2026 strategic priorities build on our momentum
2026 Priorities 2026 strategic priorities build on our momentum to drive innovation-led, scalable growth Unlock full potential of global Turbocharge innovation and Enhance commercial product and operating AI-powered solutions momentum across portfolio platform • Accelerate pace of major • Sharpen go
Slide 12: TransUnion is advantaged for an AI future with strong competitive moats
TransUnion is advantaged for an AI future with strong competitive moats Data as a AI-embedded Positioned for AI-powered foundational advantage + across organization growth: AI-enabled customers Core contributory credit AI-enabled platform consume more data and databases (OneTru) Non-public, highly
Slide 13: Consolidated fourth quarter 2025 highlights
Consolidated fourth quarter 2025 highlights Reported Y/Y • 8th straight quarter of at ($M) Change least high-single digit organic constant currency Revenue $1,171 13% revenue growth • Organic constant currency Organic Constant Currency Revenue 12% revenue growth of +12%, or +9% excluding mortgage Ad
Slide 14: U.S. Markets fourth quarter 2025 highlights
U.S. Markets fourth quarter 2025 highlights Organic • U.S. Financial Services +19%, Reported Reported Inorganic ($M) Y/Y FX Impact Impact Constant or +11% excluding mortgage Currency − Card & Banking +3% − Consumer Lending +21% Revenue $919 16% – – 16% − Auto +12% − Mortgage +37% compared to Financi
Slide 15: International fourth quarter 2025 highlights
International fourth quarter 2025 highlights Organic Reported Reported Inorganic FX Impact Constant ($M) Y/Y Impact Currency Revenue $256 4% 1% 2% 2% • U.K. +10% healthy banking Canada 44 13% – – 13% volumes and new wins Latin America 35 3% 6% – (3%) • Canada +13% strong volumes and broad-based U.K.
Slide 16: Robust long-term opportunity in India despite near-term cyclical pressures
Robust long-term opportunity in India despite near-term cyclical pressures 2025 2026 Long-Term TransUnion India +2% Expecting mid-single Healthy double-digit Growth Rate* year-over-year digit growth growth compounding + Good GDP growth (+6.6%) and + Continued economic growth + #5 global GDP with hig
Slide 17: Natural de-levering and increased shareholder returns
Natural de-levering and increased shareholder returns Leverage Ratio1 Uses of cash2 (in $million) 3.8x 3.5x 3.6x Acquisitions (net of divestitures and cash received) 423 Repurchases 3.0x Dividends 2.6x Debt payments 78 81 715 82 300 83 350 199 91 79 2021 2022 2023 2024 2025 2022 2023 2024 2025 • Nat
Slide 18: Executed and delivered on transformation program to drive strong free cash flow
Executed and delivered on transformation program to drive strong free cash flow Transformation program Free cash flow conversion* Commitments Outcomes Completed transformation investments 90%+ 1. One-time spend of $355- Incurred $373M of one- Impacted by M&A time spend integration and ~80% 375M in
Slide 19: First quarter 2026 guidance
First quarter 2026 guidance Reported Revenue: $1,195M to $1,205M +9% to +10% Revenue M&A contribution: Immaterial • Mortgage expected to grow ~35% (adds 4 points to FX contribution: ~1pt. benefit growth), compared to a modest Organic Constant Currency Revenue: +8% to +9% increase in inquiries FICO m
Slide 20: Full-year 2026 revenue guidance
Full-year 2026 revenue guidance Reported Revenue: $4.946B to $4.981B +8% to 9% • Guidance maintains M&A contribution: Immaterial prudently conservative FX contribution: Immaterial approach Organic Constant Currency Revenue: +8% to +9% – Assumes modest U.S. FICO mortgage royalty impact ~3pt. benefit
Slide 21: Full-year 2026 Adjusted EBITDA, Adjusted Diluted EPS and other guidance
Full-year 2026 Adjusted EBITDA, Adjusted Diluted EPS and other guidance Adjusted EBITDA: $1.756B to $1.777B +7% to +8% FX contribution: immaterial • Adjusted EBITDA margins up ~70bps at high-end of Adjusted EBITDA margin: 35.5% to 35.7% guidance excluding FICO Adjusted EBITDA margin bps change: (50)
Slide 22: TransUnion is positioned for success in U.S. mortgage
TransUnion is positioned for success in U.S. mortgage Pricing approach preserves VantageScore adoption is Credit data is a foundation to profitability and promotes incremental profit and margin safe underwriting lender choice opportunity • Efficacy of underwriting is • Reflects that the main value i
Slide 23: Expect to deliver underlying mortgage growth in 2026
Expect to deliver underlying mortgage growth in 2026 U.S. mortgage revenues Assumptions • Revenue growth of 6% excluding FICO royalty cost, ~$750M compared to inquiries down mid-single digit – driven by pricing on core data and new business wins – Revenue up 28% inclusive of FICO price increases (no
Slide 24: Strong revenue growth and margin expansion expected excluding FICO royalty
Strong revenue growth and margin expansion expected excluding FICO no-margin mortgage royalty ~240bps of underlying Adjusted EBITDA Strong and broad-based revenue growth margin expansion from 2023-2026F ~70bps of underlying Organic constant currency revenue growth Growth ex FICO mortgage royalty mar
Slide 25: Significant earnings potential from any mortgage recovery
Significant earnings potential from any mortgage recovery, with additional interest rate cuts expected in 2026 Sizable mortgage profit Significant refinancing Earnings potential from a despite depressed volumes opportunity if rates fall mortgage recovery Industry Mortgage Distribution of mortgages (
Slide 26: Delivered robust Q4 with +12% organic constant currency revenue growth
Delivered robust Q4 Expecting a strong 2026 strategic with +12% organic 2026 with +8% to priorities emphasize constant currency +9% revenue growth driving innovation- revenue growth and and +8% to +10% led, scalable growth +10% Adjusted Diluted Adjusted Diluted EPS EPS growth growth Note: For additi
Slide 27: © 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved.
© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 27
Slide 28: 2026 Investor Day focus areas
Investor Day focus areas Fueling scalable growth with our global, AI-enabled 1 product (OneTru) and operating platform 2026 Investor Day: Showcasing how Accelerating innovation within and across our Solutions 2 families our transformation unlocks the next Amplifying customer outcomes with enhanced p
Slide 29: Q&A
Q&A © 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 29
Slide 30: Appendices and Non-GAAP Reconciliations
Appendices and Non-GAAP Reconciliations
Slide 31: U.S. Markets revenue composition (FY 2025)
Business Mix Details U.S. Markets revenue composition (FY 2025) Financial Services (~$1.7 billion) Emerging Verticals (~$1.3 billion) Consumer Interactive (~$0.6 billion) Collections 5% Public Sector Tenant & 4% Employment Auto Card & Screening 17% Banking 6% Direct Insurance 27% 27% 29% Media 15% M
Slide 32: Debt profile and 2026F interest expense bridge
Debt / Interest Expense Debt profile and 2026F interest expense bridge Debt Profile (12/31/25) 2026F Interest Expense Bridge Notional ~($5M) Expiry Rate ($B) ~($17M) ~$5M Term Loan Tranche Term Loan A-4 1.2 Jun’29 SOFR + 1.25% Term Loan B-5 0.1 Nov’26 SOFR + CSA + 1.75% ~$220M Term Loan B-9 1.8 Jun’
Slide 33: Strong free cash flow and optimized leverage enables balanced capital allocation
Capital Allocation Framework Strong free cash flow and optimized leverage enables balanced capital allocation Prioritize growth Manage leverage Increase capital returns investments and liquidity to shareholders • Fund growth investments while • Targeting Leverage Ratio of <2.5x • Grow dividend along
Slide 34: Disciplined M&A approach aligned to growth strategy
Capital Allocation Framework Disciplined M&A approach aligned to growth strategy Strategic Focus for M&A Financial Considerations M&A is an important strategic tool, but strength of M&A evaluated against all alternatives to maximize long- portfolio creates a high bar term free cash flow per share •
Slide 35: Adjusted EBITDA and Adjusted EBITDA Margin
Adjusted EBITDA and Adjusted EBITDA Margin © 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 35
Slide 36: Adjusted Net Income and Adjusted Diluted EPS
Adjusted Net Income and Adjusted Diluted EPS © 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 36
Slide 37: Adjusted Effective Tax Rate
Adjusted Effective Tax Rate © 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 37
Slide 38: Leverage Ratio
Leverage Ratio © 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 38
Slide 39: Non-GAAP Adjustment Footnotes
Non-GAAP Adjustment Footnotes As a result of displaying amounts in millions, rounding differences may exist in the tables and footnotes. 1. Mergers and acquisitions, divestitures and business optimization consisted of the following adjustments: 2. Represents expenses associated with our accelerated
Slide 40: Non-GAAP Adjustment Footnotes
Non-GAAP Adjustment Footnotes 3. Operating model optimization consisted of the following adjustments: 4. Net other consisted of the following adjustments: 5. Consolidated Adjusted EBITDA margin is calculated by dividing Consolidated Adjusted EBITDA by total revenue. 6. Total adjustments for income t
Slide 41: Adjusted EBITDA and Adjusted EPS Guidance
Adjusted EBITDA and Adjusted EPS Guidance As a result of displaying amounts in millions, rounding differences may exist in the table. 1. These adjustments include the same adjustments we make to our Adjusted EBITDA and Adjusted Net Income as discussed in the Non-GAAP Financial Measures section of ou