Experian Plc · LSE:EXPN
Experian — Q1 2026 Earnings Presentation
50 slides from Experian's earnings presentation, Jul 15, 2025
Slide 1: Investor Relations Presentation
Investor Relations Presentation July – September 2025 © Experian, 2025. All rights reserved. The word "EXPERIAN" and the graphical device are trademarks of Experian and/or its associated companies and may be registered in the EU, USA and other countries. The graphical device is a registered Communit
Slide 2: The Experian team
The Experian team Brian Cassin Chief Executive Officer Lloyd Pitchford Chief Financial Officer Nadia Ridout-Jamieson Chief Communications Officer Jeff Goldstein SVP, Investor Relations Evelyne Bull VP Director, Investor Relations 2 © Experian Public
Slide 3: Interactive contents page
Interactive contents page Section 1 Introducing Experian Pages 5-17 Section 2 Our strategy Pages 18-26 Section 3 FY25 financial overview Pages 27-38 Section 4 Q1 FY26 update Pages 39-41 Appendix Reports, contact details, ADR, BDR Pages 42-50 Section 5 3 © Experian Public
Slide 4: Get access to more IR resources
Get access to more IR resources Watch our video product demos Learn more insights from our IR events Ascend Platform NA Insurance NA Automotive Barclays Global RBC 2024 TIMT Jefferies | Experian - Marketplace Credit Bureau Conference New Verticals - North Forum 2024 America Autos and Health Learn mo
Slide 5: Introducing Experian
Introducing Experian © Experian, 2025. All rights reserved. The word "EXPERIAN" and the graphical device are trademarks of Experian and/or its associated companies and may be registered in the EU, USA and other countries. The graphical device is a registered Community design in the EU. Other product
Slide 6: Our purpose and mission
Our purpose and mission Experian today has moved far beyond its roots as a credit bureau. We have evolved into a global data, analytics and software company, solving complex problems across financial services, healthcare, automotive, marketing and beyond. We help businesses redefine how lending work
Slide 7: Experian snapshot
Experian snapshot Quick glance Strategic progress Operational highlights Consumer platform expands Cloud transformation – on-track >200m free members to achieve target of >85% in the cloud in NA4 (ex Health) and Brazil £36bn market cap² 23k employees New products and scaling initiatives by end FY26
Slide 8: Our investment proposition
Our investment proposition Diversified business portfolio • High proportion of recurring revenue from products embedded in clients’ core operations • Broad diversification across industries, geographies, and client needs • Reduced dependency on any single market or sector • Proven resilience through
Slide 9: Experian business activities
Experian business activities Business-to-Business (B2B) Our services How we help We empower businesses to make faster, smarter ● Credit decisions by transforming complex data into actionable ● Fraud prevention insights. We can help them to: Financial Services ● Identity • lend effectively, responsib
Slide 10: Global revenue split
Global revenue split EMEA and Asia Pacific By customer UK and 7% Ireland 12% 7% Financial institutions By 12% 4% 3% 3% region 14% 4% 3% 9% Direct-to-consumer Latin 14% 67% North 4% 4% Health America America 2% Retail 67% 6% 4% 39% Software and Professional 39% services 6% 3% Automotive 7% Insurance
Slide 11: Global revenue US$m
Market leader with unparalleled global reach and range 8,000 7,5231 7,000 ~33% 6,000 5,6812 Global revenue US$m 5,000 ~24% 4,1842 4,000 ~23% 3,000 ~67%* 2,3822 2,000 ~76%* ~30% 1,7183 1,7084 ~77%* ~16% 1,000 9002 ~70% ~100% 6882 ~84% 100%* 100%* 0 Experian Equifax TransUnion D&B FICO Credit Karma Le
Slide 12: Our Medium-Term Framework
Our Medium-Term Framework Revenue EBIT margin Organic Capex1 Capital Deployment Highly diversified strong Leverage of scaling Materially complete on Disciplined approach growth growth plays cloud transition end of FY26 Strong financial position Reducing technology Scaling of high growth change and d
Slide 13: Strong growth delivery
Strong growth delivery 8% 9% 9% 11% 5-year CAGR 5-year CAGR 5-year CAGR 5-year CAGR Revenue Benchmark EBIT Benchmark EPS OCF US$bn US$bn USc US$bn 7.1 7.5 6.6 2.1 156.9 6.3 1.9 145.5 1.9 2.0 1.8 135.1 1.8 1.8 5.2 5.4 1.6 124.5 1.4 1.4 103.0 103.1 1.5 1.2 FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22
Slide 14: FY25 extends our long track record of growth and resilience
FY25 extends our long track record of growth and resilience Benchmark Benchmark Operating Five-year Revenue EBIT EPS cashflow Ongoing Revenue Benchmark EBIT CAGR since (US$m) (US$m) FY20: +8% +9% +9% +11% COVID-19 Period of constrained lending Pandemic 7,507 2,500 2,500 8,000 8,000 7,056 Ongoing Rev
Slide 15: Consumer Services performance
Consumer Services performance Revenue Free Membership and EBIT Margin % FY20-25 CAGR Consumer Services: 13% Marketplace: 30% Membership: 9% US$2.1bn >200m 201 27.4% US$1.1bn 82m 82 Margin % 21.9% Free Membership (in millions) FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 COVID-19 impac
Slide 16: B2B performance
B2B performance Revenue EBIT Margin FY20-25 CAGR CAGR B2B 6% Verticals: 8% Financial Services: 6% US$5.5bn 1.5 $4.0bn Verticals 31.0% 30.5% 31.8% 31.4% 31.0% 29.4% Margin % 3.9 Financial Services FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 COVID-19 impacted B2B nominal figures in $m
Slide 17: Technology transformation and capital investment
Technology transformation and capital investment 2% reduction in Capex to Revenue ratio Cloud transformation substantially complete by end FY26: 9.5% • US and Brazil 85-90%* in the Cloud 9.0% Trending over 7% medium term • Mainframe transition in final stages FY23 FY24 FY29 • Server migration accele
Slide 18: Our strategy
Our strategy © Experian, 2025. All rights reserved. The word "EXPERIAN" and the graphical device are trademarks of Experian and/or its associated companies and may be registered in the EU, USA and other countries. The graphical device is a registered Community design in the EU. Other product and com
Slide 19: We have successfully expanded into new value pools
We have successfully expanded into new value pools and continue to address material growth opportunities Ecosystem TAM2 US$bn Market drivers US$7.5bn Unmet needs for: • Health: seamless financial and administrative experience 21% • Auto: data-driven marketing and fraud insights Verticals c.30 • Mark
Slide 20: With data as our core asset, we extend across the value chain
With data as our core asset, we continue to extend across the value chain Examples: Experian Activate AllowMe Ascend Platform Health AI* Advantage Digital collections Marketing & Identity and Customer Collections / B2B Engagement Fraud Credit / Risk Management Payments Open / Apply Resolve Add accou
Slide 21: Our strategic framework sets our goals
Our strategic framework sets our goals. We apply it consistently to drive competitive differentiation and to extract synergies Foundations B2B Consumer Services Superior data Lead next phase of credit Become risk, digital marketing, Maximise pre-eminent consumer synergies fraud and identity finance
Slide 22: Strategic accomplishments: B2B Financial Services
Strategic accomplishments: B2B Financial Services Platform momentum builds; rapid pace of new product introduction Our goals • Data – NA new BNPL1 furnishers. Verifications NA 62m records; leading position in UK income verification; acquired SalaryFits as a building block in Brazil Scale our market
Slide 23: Strategic accomplishments: B2B, Verticals
Strategic accomplishments: B2B, Verticals Our Verticals account for over one-fifth of Group revenue Our Our goals goals • Health > 60% hospitals served. Expanded AI-driven Patient Access Curator capability enables largest ever Health client win and facilitates cross-sell. US$3.5bn collections facili
Slide 24: Strategic accomplishments: Consumer Services
Strategic accomplishments: Consumer Services Driven by membership expansion and widening product ecosystem Our goals • Free consumer memberships, reach >200m in FY25 • NA added further premium Savings Intent features, >70% of members see 'no ding decline' credit offers due to Activate lender panel e
Slide 25: M&A – growing contribution from capital deployment
M&A – growing contribution from capital deployment Acquisitions completed in FY24 contributing to FY25 Completed acquisitions in FY25: US$1.2bn spend Brazil Insurance marketplace EMEA and Asia Pacific Consumer and commercial credit bureau in Australia and New Zealand FY26 Inorganic Growth North Amer
Slide 26: Our performance indicators illustrate our strategic progress
Our performance indicators illustrate our strategic progress Revenue from new and scaling products (US$ millions) Verticals revenue performance (US$ millions) Scaling products: Recently introduced products: Automotive • Software (e.g. Ascend, PowerCurve) • New products North America Health • Identit
Slide 27: FY25 financial overview
FY25 financial overview © Experian, 2025. All rights reserved. The word "EXPERIAN" and the graphical device are trademarks of Experian and/or its associated companies and may be registered in the EU, USA and other countries. The graphical device is a registered Community design in the EU. Other prod
Slide 28: FY25 highlights
FY25 highlights Constant FX rates Actual FX rates Results Total revenue growth 8% 7% US$7,507m Revenue Organic revenue growth 7% Benchmark EBIT growth 11% 8% US$2,107m EBIT Benchmark EBIT margin +70bps +50bps 28.1% EPS Benchmark earnings per share growth 11% 8% USc156.9 Benchmark operating cash flow
Slide 29: Regional highlights: good FY25 progress, strong start to FY26
Regional highlights1: we made good FY25 progress and have started FY26 strongly North America Q4 +10% | FY25 +8% Latin America Q4 +3% | FY25 +6% FY25 | B2B +9%; Consumer Services +5% FY25 | B2B +2%; Consumer Services +23% B2B Financial Services | Strong new business and product B2B | Introducing mor
Slide 30: Consistently strong revenue growth
Consistently strong revenue growth 10% 9% 8% 8% 8% 7% 7% 7% 5% 5% 8% 7% 7% 7% 7% 6% 6% 6% 5% 5% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Full Year Full Year FY24 FY25 FY24 FY25 Inorganic revenue growth Organic revenue growth Growth rates at constant currency and for ongoing activities only. 30 © Experian Public
Slide 31: Global B2B & Consumer Services organic revenue growth
Global B2B & Consumer Services organic revenue growth B2B growth continues to strengthen …Strong underlying momentum in Consumer Services 15% 8% 14% 7% 7% 11% 6% 11% 10% 5% 5% 5% 8% 4% 7% 6% 6% 8% 5% 4% 5% 4% 4% 4% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY24 FY25 FY24 FY25 Consumer Services
Slide 32: Benchmark EBIT margin
Benchmark EBIT margin +90bps +90bps +70bps +50bps 0.2% 28.5% (0.2)% 0.7% 28.3% (0.2)% 28.1% Central & Acquisitions other Foreign 27.6% 0.0% Exchange B2B Consumer Services FY24 FY25 FY25 FY25 reported Organic before FX reported Benchmark EBIT margin on an ongoing activities basis. 32 © Experian Publi
Slide 33: Benchmark earnings per share (EPS)
Benchmark earnings per share (EPS) +11% +11% +8% Constant EPS constant EPS growth at currency currency actual FX growth growth Interest Tax and Share Foreign +8% minority issues exchange vs FY23 interest FY25 Benchmark EBIT USc156.9 from continuing operations1 USc145.5 USc135.1 US$157m Benchmark Ave
Slide 34: Reconciliation of Benchmark to Statutory PBT
Reconciliation of Benchmark to Statutory PBT Year ended 31 March Growth % Growth % US$m 2025 2024 (actual rates) (constant rates) Benchmark profit before tax 1,926 1,789 8 10 Acquisition and disposal expenses (37) (41) Contingent consideration (1) (4) Restructuring costs (50) - Insurance reimburseme
Slide 35: Cash flow and ROCE
Cash flow and ROCE Operating cash flow Capital employed and ROCE%1 FY20 – FY25 10.0 17% 17% 18% CAGR +11% 16% 16% 16% 9.0 15% 16% 8.0 14% 7.0 12% 6.0 10% 5.0 9.3 8% 1.9 2.0 4.0 8.1 8.4 1.8 1.8 7.8 6.9 6% 1.5 3.0 6.4 1.2 4% 2.0 1.0 2% - 0% FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 O
Slide 36: Capex efficiency
Capex1 efficiency Capex total and category 2% reduction in Capex to Revenue ratio 150% 640 651 627 600 Capex2 (US$m) 130% 508 500 110% 422 9.5% 9.0% 400 8.7% 8% Trending over 7% 9% 90% 21% 15% medium term Infrastructure 25% 300 31% 31% 200 FY23 FY24 FY25 FY29 70% 30% 34% 35% Data 50% 100 Cloud trans
Slide 37: Historical leverage trends
Historical leverage trends Serasa 70% acquisition Net debt to US$1.1bn US$bn acquisitions EBITDA (x) 8 3.0 7 2.5 6 2.0 5 4 1.5 3 1.0 2 0.5 1 0 0.0 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Net debt to EBITDA target range Net debt to EBITDA Net deb
Slide 38: Modelling considerations for FY26
Modelling considerations for FY26 FY26 Guidance Organic revenue growth 6 - 8% Inorganic revenue contribution* c.3% Benchmark EBIT margin1 Good margin improvement +30 to +50 basis points Foreign exchange Neutral to Revenue and Benchmark EBIT Net interest c.US$190m Benchmark tax rate c.26% WANOS2 914m
Slide 39: Q1 FY26 update
Q1 FY26 update © Experian, 2025. All rights reserved. The word "EXPERIAN" and the graphical device are trademarks of Experian and/or its associated companies and may be registered in the EU, USA and other countries. The graphical device is a registered Community design in the EU. Other product and c
Slide 40: Organic revenue change by region
Organic revenue change by region Year-on-year organic revenue growth %* B2B** Consumer Services Total North America 12 3 9 Latin America 0 24 5 UK and Ireland (2) 11 1 EMEA and Asia Pacific 7 n/a 7 Total global 8 6 8 * Ongoing activities only, at constant exchange rates ** B2B = Business-to-Business
Slide 41: Organic revenue change by business sub-division
Organic revenue change by business sub-division Percentage of Group Total revenue growth Organic revenue Ongoing activities only Revenue* % growth % At actual exchange At constant exchange At constant exchange rates rates rates Financial Services 52 15 9 Verticals 21 10 6 B2B 73 14 8 Consumer 27 6 6
Slide 42: Reports, contact details, ADR, BDR
Reports, contact details, ADR, BDR 42 © Experian Public
Slide 43: External Reporting B2B
External Reporting B2B New Revenue disclosure for the B2B segment Existing New Strong progress with our integrated Ascend Technology Platform strategy CI / BI Bureau Financial Services Automotive With bundled platform propositions, our historic data and decisioning split is no longer meaningful Targ
Slide 44: B2B Revenue disclosure – Group
B2B Revenue disclosure – Group Existing New Revenue – ongoing activities Revenue – ongoing activities FY24 FY25 FY25 FY25 FY24 FY25 FY25 FY25 US$m US$m H1 H2 H1 H2 Business to Business 5,109 5,453 2,597 2,856 Business to Business 5,109 5,453 2,597 2,856 - Data 3,627 3,869 1,845 2,024 - Financial Ser
Slide 45: B2B Revenue disclosure – North America
B2B Revenue disclosure – North America Existing New Revenue – ongoing activities Revenue – ongoing activities FY24 FY25 FY25 FY25 FY24 FY25 FY25 FY25 US$m US$m H1 H2 H1 H2 Business to Business 3,120 3,429 1,656 1,773 Business to Business 3,120 3,429 1,656 1,773 - Data 2,231 2,470 1,191 1,279 - Finan
Slide 46: B2B Revenue disclosure – Latin America
B2B Revenue disclosure – Latin America Existing New Revenue – ongoing activities Revenue – ongoing activities FY24 FY25 FY25 FY25 FY24 FY25 FY25 FY25 US$m US$m H1 H2 H1 H2 Business to Business 881 816 395 421 Business to Business 881 816 395 421 - Data 669 610 294 316 - Financial Services 851 791 38
Slide 47: B2B Revenue disclosure – UK and Ireland
B2B Revenue disclosure – UK and Ireland Existing New Revenue – ongoing activities Revenue – ongoing activities FY24 FY25 FY25 FY25 FY24 FY25 FY25 FY25 US$m US$m H1 H2 H1 H2 Business to Business 667 682 320 362 Business to Business 667 682 320 362 - Data 423 431 204 227 - Financial Services 548 555 2
Slide 48: B2B Revenue disclosure – EMEA and Asia Pacific
B2B Revenue disclosure – EMEA and Asia Pacific Existing New Revenue – ongoing activities Revenue – ongoing activities FY24 FY25 FY25 FY25 FY24 FY25 FY25 FY25 US$m US$m H1 H2 H1 H2 Business to Business 441 526 226 300 Business to Business 441 526 226 300 - Data 304 358 156 202 - Financial Services 40
Slide 49: Expanding data breadth and depth in NA for a 360º view of consumers
Our ongoing expansion of data breadth and depth in NA is providing a 360º view of consumers 2001 2024 2001 Trended Transaction Financial 1980’s Data Data Data Exchange Traditional 2019 2021 Credit Data 2009 Expanded Financial 2016 Rental 2017 Public Account Marketing Business Credit and Data Alterna
Slide 50: IR contacts, calendar, ADRs and BDRs
IR contacts, calendar, ADRs and BDRs IR contact details Calendar Experian Nadia Ridout-Jamieson +44 (0)203 042 4200 Chief Communications Officer 12 November 2025 Half-yearly financial report, FY26 www.experianplc.com/investors Nadia.RJamieson@experian.com investors@experian.com 21 January 2026 Third