Equifax: Non-GAAP Financial Measures Q2 2026

(Dollars in millions, except per share amounts)

1. Reconciliation of net income attributable to Equifax to adjusted net income attributable to Equifax and adjusted diluted EPS attributable to Equifax, defined as net income and EPS, respectively, each adjusted for acquisition-related amortization expense of certain acquired intangibles, accrual for legal and regulatory matters related to the 2017 cybersecurity incident, gain on sale of an equity investment, foreign currency impact of certain intercompany loans, acquisition-related costs other than acquisition amortization, income tax effect of stock awards recognized upon vesting or settlement, Argentina highly inflationary foreign currency adjustment, realignment of resources and other costs, antitrust litigation costs, accrual for a legal settlement and aggregated tax impact of these adjustments: Three Months Ended June 30,

   (In millions, except per share amounts)	2026	2025	$ Change	% Change
   Net income attributable to Equifax	$ 183.9	$ 191.3	$ (7.4)	(4)%
   Acquisition-related amortization expense of certain acquired intangibles (1)	61.2	62.5	(1.3)	(2)%
   Accrual for legal and regulatory matters related to the 2017 cybersecurity incident (2)	0.4	0.4	-	- %
   Gain on sale of equity investment (3)	-	(0.8)	0.8	nm
   Foreign currency impact of certain intercompany loans (4)	-	(0.1)	0.1	nm
   Acquisition-related costs other than acquisition amortization (5)	7.0	6.1	0.9	15 %
   Income tax effects of stock awards that are recognized upon vesting or settlement (6)	-	(0.7)	0.7	nm
   Argentina highly inflationary foreign currency adjustment (7)	0.6	1.3	(0.7)	(54)%
   Realignment of resources and other costs (8)	-	4.6	(4.6)	nm
   Antitrust litigation costs (9)	0.6	-	0.6	nm
   Accrual for a legal settlement (10)	40.0	-	40.0	nm
   Tax impact of adjustments (11)	(25.1)	(14.9)	(10.2)	68 %
   Adjusted net income attributable to Equifax	$ 268.6	$ 249.7	$ 18.9	8 %
   Adjusted diluted EPS attributable to Equifax	$ 2.25	$ 2.00	$ 0.25	13 %
   Weighted-average shares used in computing diluted EPS	119.2	125.0

   nm - not meaningful

   1. During the second quarter of 2026, we recorded acquisition-related amortization expense of certain acquired intangibles of $61.2 million ($48.9 million, net of tax). We calculate this financial measure by excluding the impact of acquisition-related amortization expense and including a benefit to reflect the significant cash income tax savings resulting from the income tax deductibility of amortization for certain acquired intangibles. The $12.3 million of tax is comprised of

      $16.3 million of tax expense, net of $4.0 million of a cash income tax benefit. During the second quarter of 2025, we recorded acquisition-related amortization expense of certain acquired intangibles of $62.5 million ($50.0 million, net of tax). The $12.5 million of tax is comprised of $16.6 million of tax expense, net of $4.1 million of a cash income tax benefit. See the Notes to this reconciliation for additional detail.

   2. During the second quarter of 2026 and 2025, we recorded an accrual for legal and regulatory matters related to the 2017 cybersecurity incident of $0.4 million. See the Notes to this reconciliation for additional detail.

   3. During the second quarter of 2025, we recorded a gain on sale of an equity investment of $0.8 million ($0.4 million), net of tax). The impact was recorded to the Other income, net line item within the Consolidated Statements of Income. See the Notes to this reconciliation for additional details.

   4. During the second quarter of 2025, we recorded a foreign currency gain of $0.1 million on certain intercompany loans. The impact was recorded to the Other income, net line item within the Consolidated Statements of Income. See the Notes to this reconciliation for additional detail.

   5. During the second quarter of 2026 and 2025, we recorded $7.0 million ($4.1 million, net of tax) and $6.1 million ($4.4 million, net of tax), respectively, for acquisition-related costs other than acquisition amortization. These costs

      primarily related to integration costs resulting from recent acquisition activity and were recorded in operating income. See the Notes to this reconciliation for additional detail.

   6. During the second quarter of 2025, we recorded a tax benefit of $0.7 million related to the tax effects of deductions for stock compensation in excess of amounts recorded for compensation costs. See the Notes to this reconciliation for additional detail.

   7. Argentina experienced multiple periods of increasing inflation rates, devaluation of the peso, and increasing borrowing rates. As such, Argentina was deemed a highly inflationary economy by accounting policymakers. During the second quarter of 2026 and 2025, we recorded a foreign currency loss of $0.6 million and $1.3 million, respectively, related to the impact of remeasuring the peso denominated monetary assets and liabilities as a result of Argentina being a highly inflationary economy. See the Notes to this reconciliation for additional detail.

   8. During the second quarter of 2025, we recorded $4.6 million ($3.5 million, net of tax) of restructuring charges related to contract terminations, which relate to our efforts to complete our cloud technology transformation. See the Notes to this reconciliation for additional detail.

   9. During the second quarter of 2026, we recorded costs related to antitrust litigation pertaining to our Workforce Solutions business unit in the amount of $0.6 million ($0.5 million, net of tax). See the Notes to this reconciliation for additional detail.

   10. During the second quarter of 2026, we recorded an accrual of $100.0 million, which net of expected insurance proceeds of $60.0 million, resulted in a charge of $40.0 million ($30.2 million, net of tax), for a legal settlement associated with the resolution of claims related to a previously-disclosed coding issue. See the Notes to this reconciliation for additional detail.

   11. During the second quarter of 2026, we recorded the tax impact of adjustments of $25.1 million comprised of (i) acquisition-related amortization expense of certain acquired intangibles of $12.3 million ($16.3 million of tax expense, net of $4.0 million of cash income tax benefit), (ii) a tax adjustment of $2.9 million related to acquisition-related costs other than acquisition amortization, (iii) a tax adjustment of $0.1 million related to antitrust litigation costs and (iv) a tax adjustment of $9.8 million related to an accrual for a legal settlement.

       During the second quarter of 2025, we recorded the tax impact of adjustments of $14.9 million comprised of (i) acquisition-related amortization expense of certain acquired intangibles of $12.5 million ($16.6 million of tax expense, net of $4.1 million of cash income tax benefit), (ii) a tax adjustment of $0.4 million related to the gain on sale of an equity investments, (iii) a tax adjustment of $1.7 million related to acquisition-related costs other than acquisition amortization, and (iv) a tax adjustment of $1.1 million related to restructuring charges.

2. ‌Reconciliation of net income attributable to Equifax to adjusted EBITDA, defined as net income excluding income taxes, interest expense, net, depreciation and amortization expense, accrual for legal and regulatory matters related to the 2017 cybersecurity incident, gain on sale of an equity investment, foreign currency impact of certain intercompany loans, acquisition-related costs other than acquisition amortization, Argentina highly inflationary foreign currency adjustment, realignment of resources and other costs, antitrust litigation costs, accrual for a legal settlement and presentation of adjusted EBITDA margin: Three Months Ended June 30,

   (In millions)	2026	2025	$ Change	% Change
   Revenue	$ 1,700.1	$ 1,537.0	$ 163.1	11 %
   Net income attributable to Equifax	$ 183.9	$ 191.3	$ (7.4)	(4)%
   Income taxes	71.8	68.7	3.1	5 %
   Interest expense, net*	58.1	50.4	7.7	15 %
   Depreciation and amortization	189.7	177.4	12.3	7 %
   Accrual for legal and regulatory matters related to 2017 cybersecurity incident (1)	0.4	0.4	-	- %
   Gain on sale of equity investment (2)	-	(0.8)	0.8	nm
   Foreign currency impact of certain intercompany loans (3)	-	(0.1)	0.1	nm
   Acquisition-related costs other than acquisition amortization (4)	7.0	6.1	0.9	15 %
   Argentina highly inflationary foreign currency adjustment (5)	0.6	1.3	(0.7)	(54)%
   Realignment of resources and other costs (6)	-	4.6	(4.6)	nm
   Antitrust litigation costs (7)	0.6	-	0.6	nm
   Accrual for a legal settlement (8)	40.0	-	40.0	nm
   Adjusted EBITDA, excluding the items listed above	$ 552.1	$ 499.3	$ 52.8	11 %
   Adjusted EBITDA margin	32.5 %	32.5 %

   nm - not meaningful

   *Excludes interest income of $1.7 million in the second quarter of 2026 and $2.7 million in the second quarter of 2025.

   1. During the second quarter of 2026 and 2025, we recorded an accrual for legal and regulatory matters related to the 2017 cybersecurity incident of $0.4 million. See the Notes to this reconciliation for additional detail.

   2. During the second quarter of 2025, we recorded a gain on sale of an equity investment of $0.8 million ($0.4 million), net of tax). The impact was recorded to the Other income, net line item within the Consolidated Statements of Income. See the Notes to this reconciliation for additional details.

   3. During the second quarter of 2025, we recorded a foreign currency gain of $0.1 million on certain intercompany loans. The impact was recorded to the Other income, net line item within the Consolidated Statements of Income. See the Notes to this reconciliation for additional detail.

   4. During the second quarter of 2026 and 2025, we recorded $7.0 million ($4.1 million, net of tax) and $6.1 million ($4.4 million, net of tax), respectively, for acquisition-related costs other than acquisition amortization. These costs

      primarily related to integration costs resulting from recent acquisition activity and were recorded in operating income. See the Notes to this reconciliation for additional detail.

   5. Argentina experienced multiple periods of increasing inflation rates, devaluation of the peso, and increasing borrowing rates. As such, Argentina was deemed a highly inflationary economy by accounting policymakers. During the second quarter of 2026 and 2025, we recorded a foreign currency loss of $0.6 million and $1.3 million, respectively, related to the impact of remeasuring the peso denominated monetary assets and liabilities as a result of Argentina being a highly inflationary economy. See the Notes to this reconciliation for additional detail.

   6. During the second quarter of 2025, we recorded $4.6 million ($3.5 million, net of tax) of restructuring charges related to contract terminations, which relate to our efforts to complete our cloud technology transformation. See the Notes to this reconciliation for additional detail.

   7. During the second quarter of 2026, we recorded costs related to antitrust litigation pertaining to our Workforce Solutions business unit in the amount of $0.6 million ($0.5 million net of tax). See the Notes to this reconciliation for additional detail.

   8. During the second quarter of 2026, we recorded an accrual of $100.0 million, which, net of expected insurance proceeds of $60.0 million, resulted in a charge of $40.0 million ($30.2 million, net of tax), for a legal settlement associated with the resolution of claims related to a previously-disclosed coding issue. See the Notes to this reconciliation for additional detail.

3. ‌Reconciliation of operating income by segment to Adjusted EBITDA, excluding depreciation and amortization expense, other income, net, noncontrolling interest, accrual for legal and regulatory matters related to the 2017 cybersecurity incident, gain on sale of an equity investment, foreign currency impact of certain intercompany loans, acquisition-related costs other than acquisition amortization, Argentina highly inflationary foreign currency adjustment, realignment of resources and other costs, antitrust litigation costs, accrual for a legal settlement and presentation of adjusted EBITDA margin for each of the segments:

   (In millions) Three Months Ended June 30, 2026

   	Workforce Solutions	U.S. Information Solutions	International	General Corporate Expense	Total
   Revenue	$ 705.4	$ 611.6	$ 383.1	-	$ 1,700.1
   Operating income	316.7	137.8	46.3	(186.6)	314.2
   Depreciation and amortization	49.6	61.9	53.5	24.7	189.7
   Other income (expense), net*	-	0.5	1.5	(1.2)	0.8
   Noncontrolling interest	-	-	(1.2)	-	(1.2)
   Adjustments (1)	1.2	0.2	5.8	41.4	48.6
   Adjusted EBITDA	$ 367.5	$ 200.4	$ 105.9	$ (121.7)	$ 552.1
   Operating margin	44.9 %	22.5 %	12.1 %	nm	18.5 %
   Adjusted EBITDA margin	52.1 %	32.8 %	27.6 %	nm	32.5 %

   nm - not meaningful

   *Excludes interest income of $1.1 million in International and $0.6 million in General Corporate Expense.

   (In millions) Three Months Ended June 30, 2025

   	Workforce Solutions	U.S. Information Solutions	International	General Corporate Expense	Total
   Revenue	$ 662.1	$ 521.5	$ 353.4	-	$ 1,537.0
   Operating income	307.3	118.0	38.6	(153.1)	310.8
   Depreciation and amortization	44.8	62.8	46.1	23.7	177.4
   Other (expense) income, net*	(0.1)	0.7	1.4	(1.1)	0.9
   Noncontrolling interest	-	-	(1.3)	-	(1.3)
   Adjustments (1)	1.1	0.9	8.6	0.9	11.5
   Adjusted EBITDA	$ 353.1	$ 182.4	$ 93.4	$ (129.6)	$ 499.3
   Operating margin	46.4 %	22.6 %	10.9 %	nm	20.2 %
   Adjusted EBITDA margin	53.3 %	35.0 %	26.4 %	nm	32.5 %

   nm - not meaningful

   *Excludes interest income of $2.3 million in International and $0.4 million in General Corporate Expense.

   1. During the second quarter of 2026, we recorded pre-tax expenses of $0.4 million for an accrual for legal and regulatory matters related to the 2017 cybersecurity incident, $7.0 million for acquisition-related costs other than acquisition amortization, $0.6 million for a foreign currency loss related to the impact of remeasuring the peso denominated monetary assets and liabilities as a result of Argentina being a highly inflationary economy, $0.6 million of antitrust litigation costs, and $40.0 million for an accrual for a legal settlement, net of expected insurance proceeds.

During the second quarter of 2025, we recorded pre-tax expenses of $0.4 million for an accrual for legal and regulatory matters related to the 2017 cybersecurity incident, an $0.8 million gain on sale of an equity investment, a $0.1 million foreign currency gain on certain intercompany loans, $6.1 million for acquisition-related costs other than acquisition amortization, a foreign currency loss of $1.3 million related to the impact of remeasuring the peso denominated monetary assets and liabilities as a result of Argentina being a highly inflationary economy, and $4.6 million of restructuring charges for the realignment of resources and other costs.

‌Notes to Reconciliations of Non-GAAP Financial Measures to the Comparable GAAP Financial Measures

($50.0 million, net of tax), respectively. We calculate this financial measure by excluding the impact of acquisition-related amortization expense and including a benefit to reflect the material cash income tax savings resulting from the income tax deductibility of amortization for certain acquired intangibles. These financial measures are not prepared in conformity with GAAP. Management believes excluding the impact of amortization expense is useful because excluding acquisition-related amortization, and other items that are not comparable, allows investors to evaluate our performance for different periods on a more comparable basis. Certain acquired intangibles result in material cash income tax savings which are not reflected in earnings. Management believes that including a benefit to reflect the cash income tax savings is useful as it allows investors to better value Equifax. Management makes these adjustments to earnings when measuring profitability, evaluating performance trends, setting performance objectives and calculating our return on invested capital.

$0.8 million ($0.4 million, net of tax). Management believes excluding this charge from certain financial results provides meaningful supplemental information regarding our financial results for the three months ended June 30, 2025, since the non-operating gain is not comparable among the periods. This is consistent with how our management reviews and assesses Equifax's historical performance and is useful when planning, forecasting and analyzing future periods.

$0.1 million related to foreign currency impact of certain intercompany loans. Management believes excluding this charge is useful as it allows investors to evaluate our performance for different periods on a more comparable basis. This is consistent with how management reviews and assesses Equifax's historical performance and is useful when planning, forecasting and analyzing future periods.

$7.0 million ($4.1 million, net of tax) and $6.1 million ($4.4 million, net of tax), respectively, for acquisition-related costs other than acquisition amortization. These costs primarily related to transaction and integration costs resulting from recent acquisitions and were recorded in operating income. Management believes excluding this charge from certain financial results provides meaningful supplemental information regarding our financial results, since a charge of such an amount is not comparable among the periods. This is consistent with how our management reviews and assesses Equifax's historical performance and is useful when planning, forecasting, and analyzing future periods.

performance for different periods on a more comparable basis. This is consistent with how management reviews and assesses Equifax's historical performance and is useful when planning, forecasting and analyzing future periods.

$4.6 million ($3.5 million, net of tax) of restructuring charges related to contract terminations, which relate to our efforts to complete our cloud technology transformation. Management believes excluding these charges from certain financial results provides meaningful supplemental information regarding our financial results since a charge of such an amount is not comparable among the periods. This is consistent with how our management reviews and assesses Equifax's historical performance and is useful when planning, forecasting and analyzing future periods.

Management makes these adjustments to net income when measuring profitability, evaluating performance trends, setting performance objectives and calculating our return on invested capital. This is consistent with how management reviews and assesses Equifax's historical performance and is useful when planning, forecasting and analyzing future periods.

Management believes the use of adjusted EBITDA and adjusted EBITDA margin allows investors to evaluate our performance for different periods on a more comparable basis.