Equifax, Inc. · NYSE:EFX
Equifax — Q2 2026 Earnings Presentation
19 slides from Equifax's earnings presentation, Jul 21, 2026
Slide 1: 2Q26 Earnings Review
2Q26 Earnings Review July 21, 2026
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation contains certain forward-looking information, including third quarter and full year 2026 guidance as well as our long-term financial framework, to help you understand Equifax and its business environment. All statements that address operating performance a
Slide 3: Non-GAAP & Other Disclosures Statement
Non-GAAP & Other Disclosures Statement Non-GAAP Disclosure Statement This presentation contains certain non-GAAP financial measures, including Adjusted EPS, Adjusted EBITDA, and Cash Conversion, which reflect adjustments for certain items that affect the comparability of our underlying operational perf
Slide 4: Strategic Priorities: 2Q Results Top End of April Framework
2Q Results Top End of April Framework, Strong 120 bps Adj EBITDA Margin Expansion Ex FICO 2Q revenue1 up 11% reported, 10% C$, 7% R$ ex FICO... $5M above April Guide midpoint... Adj EPS of $2.25 / share… $0.05 above April Guide midpoint… Adj EBITDA Margin ex FICO up strong 120 bps, 40 bps above Apri
Slide 5: EWS Revenue +7%... Diversified Markets Verifier Growth +7%... Adj EBITDA Margins 52%
EWS Revenue +7%... Diversified Markets Verifier Growth +7%... Adj EBITDA Margins 52% Verifier Talent Records Revenue Growth Revenue Growth ✓ 217M Active Records +7% +HDD +10% YTY ✓ 124M Current Active Alternative Data Records on 108M SSNs Verifier Diversified Markets Expansion +7% ✓ 839M Total Records Go
Slide 6: EWS Govt Signed $300M Contracts in Last 4 Months
EWS Govt Signed $300M1 Contracts in Last 4 Months... ~$100M New Business ~$300M New EWS Government Wins ~$100M New Business ~$60M ACV ~$15M ACV ~$10M+ ACV ~$10M ACV Direct Medicaid State moving Direct Medicaid from CMS Hub to Direct Medicaid Winback Winback Direct Medicaid ~$200M New Business Renewa
Slide 7: USIS Revenue Up +17%... Mortgage Up +40%
USIS Revenue Up +17%… Mortgage Up +40%... Diversified Markets Up +6%... Adj EBITDA Margin 40% ex FICO, up 140 bps Mortgage Diversified Markets Online B2B +40% +6% Consumer Resilient Revenue Growth Revenue Growth TWN Indicator driving B2B (Total) +5% FI revenue Up HSD share gains Online +MSD Auto reven
Slide 8: Mortgage VantageScore Adoption Accelerating
Mortgage VantageScore Adoption Accelerating Post-April FHFA Activation… VS Volume Up ~3X Sequentially VantageScore Mtg Lenders Using Mortgage Scores Update Transactions VantageScore ✓ FHFA activates VantageScore in April… ~2.2M ~1,300 Total Over 20 lenders in pilot program ✓ VantageScore priced at $
Slide 9: International C$ Revenue Up +4%
International C$ Revenue Up +4%… Led by ANZ and Canada…Adj EBITDA Margins Up 120 bps Highlights CANADA +6% ✓ Canada up +6% driven EUROPE +1% by ID & Fraud, B2C, Commercial ✓ Asia Pac up +7% driven ASIA PACIFIC LATAM +3% by Online B2B and +7% Commercial ✓ Adj EBITDA Margins 28%... up 120 bps YTY ✓ St
Slide 10: Equifax to Acquire Círculo de Crédito
Equifax to Acquire Círculo de Crédito, Fastest Growing Credit Bureau in Mexico… Aligned with Bolt-On M&A Strategy… Accretive to Top / Bottom Line at Attractive Valuation Signed definitive agreement to acquire Círculo de Crédito for $750M enterprise value…expected to close in 4Q26 subject to customer
Slide 11: Strong Círculo Rev Growth and 46% EBITDA Margins
Strong +31% Círculo Rev Growth and 46% EBITDA Margins Driven by Differentiated CdC Data and Deep FinTech Relationships USD in Millions Círculo de Crédito Growth Círculo Financial Impact +High DD % ✓ Revenue growth accretive to EFX 7-10% ~$134M, +31% organic LTFF $121M, +32% Revenue, YoY ✓ LTM revenue
Slide 12: Broad Proprietary Data Moat and AI-Enabled Solutions
Broad Proprietary Data Moat and AI-Enabled Solutions Driving Top Line Growth ~90% EFX Rev from Proprietary Data EFX.AI Innovation Driving Growth Other(1) ✓ EFX Cloud, EFX.AI, global platforms, and Direct to proprietary data delivering new global suite Consumer of AI-enabled solutions to help custome
Slide 13: Strong AI-Innovation Driving Vitality Index to 16%
Strong AI-Innovation Driving Vitality Index to 16% Strong 16% 2Q Vitality Index EFX.AI Innovation Driving Growth ✓ Strong 16% AI-enabled Vitality Index ✓ 54 new products launched in 1H26 with AI 2026 Guide embedded in product architecture ~15%+ interfacing with customer ✓ TWN Indicator for Mortgage,
Slide 14: Strong AI4EFX Momentum… Doubling AI & Process Improvement Productivity Cost Savings Goal to $150M
Strong AI4EFX Momentum … Doubling AI & Process Improvement Productivity Cost Savings Goal to $150M ~$2B+ AI Driving Process Optimization G&A ✓ Implementing AI and Agentic-based Sales & solutions across internal processes to drive Marketing speed, accuracy, productivity… margin ~60% Operations expans
Slide 15: FY26 Reported Guidance Consistent with April
FY26 Reported Guidance Consistent with April… Stronger Diversified Markets Offset by Mortgage Market and FX Guidance 2026 vs 2025 % vs 2025 Revenue1 $6,710M - $6,780M $635M - $705M 10.5% - 11.6%1 Adjusted EPS $8.39 - $8.69 / share $0.74 - $1.04 / share 9.7% - 13.6% Adjusted EBITDA $2,103M - $2,157M $1
Slide 16: 3Q26 Guidance
3Q26 Guidance… Margins Ex FICO Up Over 90 BPs Guidance 3Q 2026 vs 3Q 2025 % vs 3Q 2025 Revenue1 $1,680M - $1,710M $135M - $165M 8.7% - 10.7%1 Adjusted EPS $2.15 - $2.25 / share $0.11 - $0.21 / share 5.5% - 10.4% Adjusted EBITDA $547M - $564M $42M - $59M 8.3% - 11.6% Adj EBITDA Margin % 32.6% - 33.0%
Slide 17: Strong 2Q Results
Strong 2Q Results… Adj EBITDA Margins Ex FICO Up 120 bps Revenue up +7% ex FICO Adj EBITDA Margins up 120 bps ex FICO New EFX in 2026 EWS Government signed agreements YTD26 for ~$300M ✓ 11% Revenue Growth, of ACV… ~$100M new business, ~$200M renewals 8% Ex-FICO ✓ 75 BPs Margin Expansion EFX signed a
Slide 18: Q&A
Q&A PROPRIETARY | 18
Slide 19: Investor Relations Contacts
Trevor Burns • Investor Relations • trevor.burns@equifax.com Molly Clegg • Investor Relations • molly.clegg@equifax.com Copyright © 2026, Equifax Inc. All Rights Reserved. Equifax is a registered trademark of Equifax Inc.