Equifax, Inc. · NYSE:EFX
Equifax — Q3 2025 Earnings Presentation
16 slides from Equifax's earnings presentation, Oct 21, 2025
Slide 1: 3Q25 Earnings Review
3Q25 Earnings Review October 21, 2025
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation contains certain forward-looking information, including fourth quarter and full year 2025 guidance as well as our long-term financial framework, to help you understand Equifax and its business environment. All statements that address operating performance
Slide 3: Non-GAAP Disclosure 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 performance. Adjusted EPS is defined as net
Slide 4: Strong 3Q25 Results, Raising FY25 Guidance
Strong 3Q25 Results, Raising FY25 Guidance 3Q Revenue up 7% reported, 7% C$... $25M above July Guide midpoint... Adj EPS of $2.04 / share… $0.12 above July Guide midpoint… 3Q Adj EBITDA Margin 32.7%... rev outperformance driven by USIS Mortgage, EWS & USIS Non-Mtg STRATEGIC PRIORITIES EWS… Governmen
Slide 5: 3Q EWS Revenue +5%... Non-Mtg Verifier Growth +7%
3Q EWS Revenue +5%... Non-Mtg Verifier Growth +7%… Government Growth HSD Above Expectations… Continued Strong Margins Verifier Employer Records Revenue Growth ✓ 199M Active Records Revenue Growth +9% YTY +1% +5% ✓ 113M Current Verifier Non-Mtg +7% Returns to Growth Records on 100M SSNs Government + HSD
Slide 6: EWS Discussions Ramping Rapidly at State and Federal Levels Post OB3
EWS Discussions Ramping Rapidly at State and Federal Levels Post OB3 Big $5B Government OB3 Tightens Verification Rolling Out NPIs to Support TAM Requirements Continuous Evaluation for SNAP ✓ State cost sharing with error rates ● Provides agencies monthly life changes over 6%... 80%+(1) of states ove
Slide 7: 3Q USIS Revenue Up 11%... Mortgage Up Strong 26%
3Q USIS Revenue Up 11%… Mortgage Up Strong 26%... Non-Mortgage up 5%...EBITDA Margins Up ~130 bps YTY Mortgage Non-Mortgage Non-Mtg B2B +26% +5% +5% Revenue Growth Revenue Growth Stable Lending Strong market Environment outperformance B2B (Total) +5% Online +4% FI MSD growth Sequential revenue growt
Slide 8: Aggressive FICO Pricing Actions Create Catalyst for VantageScore 4.0 Conversions
Aggressive FICO Pricing Actions Create Catalyst for VantageScore 4.0 Conversions FICO Cost EFX Driving Conversion to Vantage ● VS $4.50, over 50% below FICO 4-year CAGR VantageScore 4.0 +102% $4.50 in 2026 ● Fixed for 2026 / 2027 ● Free VS in 2025 & 2026 with every FICO score ● TWN Indicator to diffe
Slide 9: International Revenue Up 7% C$... Led By Canada and Latin America
International Revenue Up 7% C$… Led By Canada and Latin America… EBITDA Margins Up ~360 bps YTY Highlights CANADA +11% ✓ Canada revenue growth up strong 11%… Cloud transformation driving growth EUROPE +4% ✓ Latam +9% driven by strong DD revenue growth in Brazil / Argentina… NPI ASIA PACIFIC LATAM +9
Slide 10: Strong Post-Cloud NPI Momentum… Raising 2025 Vitality Index Guidance
Strong Post-Cloud NPI Momentum… Raising 2025 Vitality Index Guidance 100 BPs to 13% EFX VI Accelerated in 3Q Leveraging AI to Drive Customer Value ✓ Faster NPI at global scale ✓ Customer driven-AI insights for each customer ✓ Number of new products launched in 10% 2025 using AI up 3X since 2023 LTFF
Slide 11: Accelerating TWN Indicator Roll-Outs to Drive Share Gains
Accelerating TWN Indicator Roll-Outs to Drive Share Gains… Mortgage / Auto in Market… Card / P-Loan 1H26 Mortgage PreQual Solution The Work Number Auto Dealer Solution Delivered alongside the Equifax Soft Pull credit report at no Delivered alongside the Equifax Soft or Hard Pull credit report additi
Slide 12: Raising FY Guidance Based on Strong 3Q Results
Raising FY Guidance Based on Strong 3Q Results 2025 $ vs 2024 % vs 2024 Revenue1 $6,030M - $6,060M $349M - $379M 6.1% - 6.7%1 Adjusted EPS $7.55 - $7.65 / share $0.26 - $0.36 / share 3.6% - 5.0% Free Cash Flow $950M - $975M $137M - $162M 16.9% - 19.9% Revenue Adj. EBITDA Margins Business Units Growt
Slide 13: 4Q25 Guidance
4Q25 Guidance 4Q 2025 $ vs 4Q 2024 % vs 4Q 2024 Revenue1 $1,506M - $1,536M $87M - $117M 6.1% - 8.2%1 Adjusted EPS $1.98 - $2.08 / share ($0.14) - ($0.04) / share (6.5%) - (1.8%) Revenue Adj. EBITDA Margins Business Units Growth Rate (YTY) Guidance Specifics Down High Single Workforce Solutions +Mid S
Slide 14: Strong 3Q25 Results and Momentum in 4Q25… On Offense with Vantage
Strong 3Q25 Results and Momentum in 4Q25… On Offense with Vantage Strong 3Q25 results led by US Mortgage Revenue growth… delivered Revenue & Adj EPS above the high end of the July guidance framework despite continued weak New mortgage and hiring markets 3Q EWS revenue growth +5%... strong HSD Governm
Slide 15: PROPRIETARY
PROPRIETARY | 15
Slide 16: Trevor Burns • Investor Relations
Trevor Burns • Investor Relations • trevor.burns@equifax.com Copyright © 2025, Equifax Inc. All Rights Reserved. Equifax is a registered trademark of Equifax Inc.