Slide 1: Second Quarter 2026 Earnings
Second Quarter 2026 Earnings Chris Cartwright, President and CEO Todd Cello, CFO July 28, 2026
Slide 2: Forward-Looking Statements Non-GAAP Financial Information
Forward-Looking Statements Non-GAAP Financial Information This investor presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of This investor presentation includes certain non-GAAP 1995. These statements are based on the current beliefs
Slide 3: Second quarter 2026 highlights
1 Second quarter 2026 highlights Diversified and durable U.S. 2 Financial Services growth 3 Second quarter 2026 financial results Third quarter and full-year 2026 4 guidance @ Copyright © 2026 2026 TransUnion, TransUnion, its subsidiaries its subsidiaries and/or affiliates. All Rights Reserved. 33 a
Slide 4: Second quarter 2026 financial highlights
Second quarter 2026 financial highlights Exceeded Organic constant U.S. Markets International Repurchased guidance on currency revenue revenue +11%* revenue +6%*, led ~$150M in shares revenue, Adjusted +10% or +7% ex- with strength by reacceleration year-to-date EBITDA and FICO mortgage across Finan
Slide 5: Raising FY 2026 guidance while maintaining prudent assumptions given macro uncertainty
Raising FY 2026 guidance while maintaining prudent assumptions given macro uncertainty Updated Change to Metric Guidance High-end Expectations $5,127M to $5,162M ✓ Expect to be at or above Revenue 8% to 9% organic $27M the high-end of guidance if constant currency current conditions persist ✓ 50-70b
Slide 6: Delivering against 2026 strategic priorities
Delivering against 2026 strategic priorities to drive innovation-led, diversified and scalable growth Scale global product and Turbocharge innovation and Enhance commercial operating platform AI-powered solutions momentum across portfolio ✓ U.S. Credit migration: ~60% of ✓ Accelerated innovation: ~4
Slide 7: U.S. Financial Services growth excluding mortgage has consistently exceeded underlying market volumes
Financial Services ex mortgage growth U.S. Financial Services growth excluding mortgage has consistently exceeded underlying market volumes U.S. Financial Services organic growth excluding mortgage Financial Services 24% excluding mortgage 18% ~9% CAGR1 12% 11% +High-single 10% 10% 8% digits Consume
Slide 8: Over one third of revenue is outside core credit
Financial Services ex mortgage growth Over one third of revenue is outside core credit, enabling new growth vectors and reducing cyclicality U.S. Financial Services excluding mortgage ($1.1 billion or ~22% of TransUnion revenue*) • FactorTrust alternative data and scores Credit • Argus Advisory and
Slide 9: Share gains and innovation support sustainable outgrowth
Financial Services ex mortgage growth Share gains and innovation support sustainable outgrowth Market-leading growth in U.S. Financial Winning across the portfolio Services excluding mortgage ✓ Core credit continues to outperform market ~$1.2B – Driven by volume growth, pricing and share gains $1.0B
Slide 10: Consolidated second quarter 2026 highlights
Consolidated second quarter 2026 highlights Reported Y/Y ($M) Change • Diversified revenue growth across solutions, verticals Revenue $1,310 15% and geographies Organic constant currency revenue 10% Organic constant currency revenue • Adjusted EBITDA margin 7% ~(90)bps includes: ex. FICO mortgage ro
Slide 11: U.S. Markets second quarter 2026 highlights
U.S. Markets second quarter 2026 highlights Organic • U.S. Financial Services +18%, Reported Reported FX Inorganic ($M) Y/Y Impact Impact Constant or +10% excluding FICO Currency mortgage royalties − Financial Services ex- Revenue $993 11% – 0% 11% mortgage +8% with Card & Banking +6%, Consumer Fina
Slide 12: International second quarter 2026 highlights
International second quarter 2026 highlights Organic Reported Reported Inorganic FX Impact Constant ($M) Y/Y Impact Currency Revenue $321 27% (1%) 21% 6% • India +8% gradually improving volumes and Canada 46 10% – – 10% strong new business wins Latin America 93 172% 10% 157% 5% • U.K. +9% wins acros
Slide 13: TransUnion de Mexico outperforming expectations with multiple growth vectors
TransUnion de Mexico outperforming expectations with multiple growth vectors Fast growth against $300 million+ market Proven global growth playbook ~$180M Enhance leading data quality and coverage ✓ Leverage unique data from largest banks and FinTechs; 90% of ~600M tradelines are positive-only ✓ Str
Slide 14: Natural de-levering and accretive capital deployment
Natural de-levering and accretive capital deployment Strong balance sheet Shareholder-friendly capital allocation2 Leverage Ratio1 Notable year-to-date capital deployment +0.3x • Acquisitions: ~$660 million for incremental ~68% increase due to Mexico ownership of Trans Union de Mexico 3.8x • Share r
Slide 15: Third quarter 2026 guidance
Third quarter 2026 guidance Reported Revenue: $1,292M to $1,310M +11% to +12% • Non-mortgage revenue growth expected to remain at M&A contribution: ~4.5pt. benefit or slightly above strong Q2 FX contribution: Immaterial trajectory (+6%) Organic Constant Currency Revenue: +6% to +8% • Mortgage inquir
Slide 16: Full-year 2026 revenue guidance
Full-year 2026 revenue guidance Reported Revenue: $5.127B to $5.162B +12% to 13% M&A contribution: ~4pt. benefit FX contribution: Immaterial • Raising guidance based on Organic Constant Currency Revenue: +8% to +9% H1 strength balanced against macro uncertainty FICO mortgage royalty impact ~3pt. ben
Slide 17: Full-year 2026 Adjusted EBITDA, Adjusted Diluted EPS and other guidance
Full-year 2026 Adjusted EBITDA, Adjusted Diluted EPS and other guidance • (80)bps to (60)bps of Adjusted Adjusted EBITDA: $1.807B to $1.827B +10% to +11% EBITDA margin contraction: FX contribution: Immaterial – +50-70bps underlying margin expansion Adjusted EBITDA margin: 35.2% to 35.4% – (90bps) im
Slide 18: Delivered strong Q2, raising 2026 guidance, executing against strategic priorities
Delivered strong Q2 aising 2026 R xecuting against E with +10% organic guidance, expect +8% strategic priorities to constant currency to +9% organic constant deliver innovation-led, revenue growth and currency revenue diversified and +13% Adjusted Diluted growth and +11% to scalable growth EPS
Slide 19: Q&A
Q&A © 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 19
Slide 20: Investor Relations contacts
Greg Bardi Investor Relations gregory.bardi@transunion.com Jason Stuhldreher Investor Relations jason.stuhldreher@transunion.com
Slide 21: Appendices and Non-GAAP Reconciliations
Appendices and Non-GAAP Reconciliations
Slide 22: Our next era of scalable growth and compounding cash flow
Our next era of scalable growth and compounding cash flow Growth Industry-leading investments Y G Balance sheet O RO DEPL Innovation-led optimization W Value Shareholder Creation Durable return SCALE Technology Operating model AI productivity modernization optimization © 2026 TransUnion, its subsidi
Slide 23: Attractive medium-term financial framework
Attractive medium-term financial framework High-single digit ~50 basis points Low-to-mid teens Organic revenue growth Adjusted EBITDA expansion Adjusted Diluted EPS growth Diversified across solutions, Expand margins while Includes benefit from verticals and geographies investing for growth accelera
Slide 24: Expect to deliver underlying mortgage growth in 2026
Mortgage Assumptions Expect to deliver underlying mortgage growth in 2026 Strong and broad-based revenue growth Mortgage assumptions • Revenue growth of 6% excluding FICO royalty ~70bps cost, of underlying margin expansion ~$750M compared to inquiries down mid-to-high single digit – driven by pricin
Slide 25: Strong revenue growth and margin expansion expected excluding FICO no-margin mortgage royalty
Mortgage Assumptions Strong revenue growth and margin expansion expected excluding FICO no-margin mortgage royalty Consistent underlying Strong and broad-based revenue growth Adjusted EBITDA margin expansion +70bps of underlying expansion; Organic constant currency revenue growth Growth ex FICO mort
Slide 26: Significant earnings potential from mortgage recovery
Mortgage Assumptions Significant earnings potential from mortgage recovery Sizable mortgage profit Significant refinancing Earnings potential from a despite depressed volumes opportunity if rates fall mortgage recovery Industry Mortgage Distribution of mortgages (in • Every 10% increase in mortgage
Slide 27: Debt profile and 2026F interest expense bridge
Debt / Interest Expense Debt profile and 2026F interest expense bridge Debt Profile (6/30/26) 2026F Net Interest Expense Bridge Notional ~($12M) Expiry Rate ($B) ~($22M) Revolver & Term Loan Tranche ~($13M) $5M Revolver 0.5 Jun’29 SOFR + 1.25% Term Loan A-4 1.2 Jun’29 SOFR + 1.25% ~$245M Term Loan B
Slide 28: Revenue by Solution Family (FY 2025)
Business Mix Details 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% Credit Credit 52% 56% Credit Consumer 71% 15% Cons
Slide 29: 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 30: Positioned to deliver innovation-led and scalable growth
TransUnion – Investment Highlights Positioned to deliver innovation-led and scalable growth 1 2 3 4 5 Foundational Interrelated Credit, Accelerated AI is an Compelling and differentiation – Marketing, Fraud innovation and accelerant, compounding proprietary data, and Consumer scalable growth enhanci
Slide 31: AI solidifies our strengths and fuels growth
TransUnion – Investment Highlights AI solidifies our strengths and fuels growth Durable AI-enabled Positioned for AI- + powered growth: data advantage organization Contributory credit databases AI-native OneTru platform ✓ AI-enabled customers Non-public, highly regulated data furnished Enhancing dat
Slide 32: Strong free cash flow and increased capacity for capital deployment
Capital Allocation Strong free cash flow and increased capacity for capital deployment Strong Free Cash Flow Optimized Balance Sheet Free cash flow as a percentage of Leverage Ratio Adjusted Net Income ~$3 billion of ~100% 90%+ 3.5x free cash flow + 2.6x <2.5x expected from ~60% 2026 to 2028 2019-20
Slide 33: Accelerated capital deployment supporting low-to-mid teens Adjusted Diluted EPS growth
Capital Allocation Accelerated capital deployment supporting low-to-mid teens Adjusted Diluted EPS growth ~$3B free cash flow expected Category Objective from 2026-2028 Shareholder • 10%-15% dividend payout ratio Increasing ~$1.1B bias going ~$1.0B returns • Repurchase shares forward ~$0.9B Balance
Slide 34: M&A approach aligned to growth strategy
Capital Allocation M&A approach aligned to growth strategy Strategic Focus for M&A Financial Considerations M&A is an important strategic tool, but M&A evaluated against all alternatives to strength of portfolio creates a high bar maximize long-term free cash flow per share • Transformation supports
Slide 35: Strong growth algorithm with sources of upside
Illustrative Financial Framework Strong growth algorithm with sources of upside Illustrative 2028F Adjusted Diluted EPS financial Upside not contemplated in $7.00+ framework assuming mortgage recovery “mortgage recovery” scenario $7.00+ Normalization of non-mortgage with mortgage recovery lending vo
Slide 36: Adjusted EBITDA and Adjusted EBITDA Margin
Adjusted EBITDA and Adjusted EBITDA Margin Three Months Ended Six Months Ended June June 30, 30, $ in millions 2026 2025 2026 2025 Reconciliation of Net income attributable to TransUnion to consolidated Adjusted EBITDA: Net income attributable to TransUnion $ 143.4 $ 109.6 $ 540.5 $ 257.7 Net intere
Slide 37: Adjusted Net Income and Adjusted Diluted EPS
Adjusted Net Income and Adjusted Diluted EPS © 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 37
Slide 38: Adjusted Effective Tax Rate
Adjusted Effective Tax Rate Three Months Ended Six Months Ended June $ in millions June 30, 30, 2026 2025 2026 2025 Income before income taxes $ 201.5 $ 156.8 $ 629.6 $ 350.5 Total adjustments before income tax items from Adjusted Net Income table above 120.3 135.6 3.6 227.9 Adjusted income before i
Slide 39: Leverage Ratio
Leverage Ratio © 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 39
Slide 40: 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. Consists of amortization of intangible assets from our 2012 change-in-control transaction and amortization of intangible assets established in business acquisit
Slide 41: Non-GAAP Adjustment Footnotes
Non-GAAP Adjustment Footnotes 4. Operating model optimization consisted of the following adjustments: 5. Net other consisted of the following adjustments: Adjusted EBITDA Adjusted Net Income Leverage Ratio Three Months Ended Six Months Ended Three Months Ended Six Months Ended Trailing Twelve Months
Slide 42: Adjusted EBITDA and Adjusted EPS Guidance
Adjusted EBITDA and Adjusted EPS Guidance Three Months Ended Year Ended $ in millions, except per share data September 30, 2026 December 31, 2026 Low High Low High Guidance reconciliation of Net income attributable to TransUnion to Adjusted EBITDA: Net income attributable to TransUnion $ 132 $ 138 $