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Equifax发布二季度业绩并重申收购Círculo de Crédito，AI降本目标上调至1.5亿美元
二季度收入17.001亿美元同比增长11%、调整后EPS同比增长13%，但归母净利润同比下降4%，不是单边强利好。
📄 原文PR Newswire Technology↗ 原文
ATLANTA, July 21, 2026 /PRNewswire/ -- Equifax® (NYSE: EFX) today announced financial results for the quarter ended Jun…
不做 Equifax（EFX.US）
不做：这是预定财报披露，收购核心信息已于2026-07-07公告；本次业绩虽收入和调整后EPS增长，但净利润同比下降且未核到明确高于一致预期的强surprise，盘前追多edge不足。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
消息传播链
- Equifax已单独公告以7.5亿美元企业价值收购Círculo de Crédito，说明本次财报稿里的收购信息不是首次披露。
- 公司提前公告二季度财报将在2026-07-21 06:30 ET发布，财报时间本身并非突发。
- 公司发布二季度财报，披露收入同比增长11%、调整后EPS同比增长13%、归母净利润同比下降4%，并把AI降本目标上调至1.5亿美元。
关键理由
- 二季度收入17.001亿美元同比增长11%、调整后EPS同比增长13%，但归母净利润同比下降4%，不是单边强利好。
- 收购Círculo de Crédito的750百万美元交易已在2026-07-07单独公告并传播，本次只是财报稿中重申，新增性不足。
- AI降本目标上调至2026-2028年1.5亿美元偏正面，但相对Equifax收入体量和市值更像利润率叙事，缺少足够短线重定价证据。
主要风险
- 若盘前电话会给出明显高于市场预期的全年指引或利润率上修，可能需要由新信号重新评估。
- 财报类事件默认需要对比一致预期；当前材料未显示明确超预期幅度，直接追多容易遇到高开低走。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-07-21 · 影响 weakens
财报披露收入和调整后EPS增长，但归母净利润同比下降4%，不是无反向约束的纯利好。
检索:Equifax Q2 2026 net income down adjusted EPS revenue July 21 2026 原文 ↗ - 做多前查反向 · 来源 web · 日期 2026-07-07 · 影响 weakens
收购事项并非今日新增，作为本条交易催化的price-in风险较高。
检索:Equifax acquire Circulo de Credito $750 million July 7 2026 原文 ↗
原文全文
展开原文 · 8,000 字
ATLANTA, July 21, 2026 /PRNewswire/ -- Equifax® (NYSE: EFX) today announced financial results for the quarter ended June 30, 2026.
- Second quarter reported revenue of $1.700 billion, up a strong 11% with 10% local currency revenue growth.
- Diversified markets revenue up 7% on a reported basis, up 6% in local currency, with strong performances in Workforce Solutions and USIS.
- Workforce Solutions second quarter revenue up 7%. Verification Services revenue up 7% led by high double digit revenue growth in Talent Solutions and Consumer Lending. Strong execution in Government with agreements signed in First Half totaling about $300 million in annual contract value.
- USIS second quarter revenue up strong 17% with Diversified Markets revenue growth accelerating sequentially over 300 basis points to 6%. USIS Mortgage revenue up 40%.
- International second quarter revenue up 8% on a reported basis. Local currency revenue growth up 4% with high single digit revenue growth in Asia Pacific and mid single digit growth in Canada.
- Second quarter U.S. Mortgage revenue up very strong 25%.
- New Product Innovation leveraging the EFX Cloud, EFX.AI, and proprietary data delivered strong 16% new product Vitality Index.
- Doubling 2026-2028 AI-driven cost reduction target to $150 million.
- Returned $366 million in cash to shareholders through share repurchases and quarterly dividend.
- Signed a definitive agreement to acquire Círculo de Crédito, the fastest growing credit bureau in Mexico, for an enterprise value of $750 million. Expected to close in the fourth quarter of 2026.
"Equifax delivered a strong second quarter performance executing on our EFX2028 Strategic Priorities with reported revenue of $1.700 billion, up 11% on a reported basis, with 10% local currency revenue growth enabled by a 16% new product Vitality Index, above our 10% long-term goal, with double digit Vitality across all business units. Diversified Markets local currency revenue growth of 6% reflects strong revenue growth in Workforce Solutions and USIS. U.S. Mortgage revenue grew 25% and in line with our expectations despite higher mortgage rates throughout the second quarter.
Workforce Solutions delivered 7% revenue growth, with Diversified Markets growth of 6% led by strong high double digit growth in Talent Solutions and Consumer Lending. The Workforce Solutions Government team continues to execute well, signing new contract wins and renewals totaling about $300 million in annual contract value in the first half of 2026 that will principally benefit 2027 and beyond. Workforce Solutions Mortgage revenue was up 8%. USIS delivered strong revenue growth of 17%, with Diversified Markets revenue growth of 6%, which was up over 300 basis points sequentially and very strong 40% Mortgage revenue growth. International delivered 4% local currency revenue growth with high single digit revenue growth in Asia Pacific and mid single digit growth in Canada.
Equifax is on offense deploying EFX.AI to deliver higher-performing products, models and scores while driving AI agents and tools across our operations, technology, and support teams for productivity. We are doubling our AI-driven cost reduction goal set earlier in the year to $150 million from 2026 to 2028, reflecting the accelerating momentum deploying AI across EFX to drive speed, accuracy, and productivity.
Equifax signed a definitive agreement to acquire Círculo de Crédito, the fastest growing credit bureau in Mexico, for an enterprise value of $750 million. The acquisition fits perfectly in our balanced capital allocation framework, with our focus on highly accretive bolt-on acquisitions while continuing significant ongoing return of capital to shareholders and maintaining our strong investment grade balance sheet. Equifax returned $366 million of cash to shareholders in the quarter, including repurchasing 1.8 million shares, or about 1% of shares outstanding, for $300 million and paying $66 million in quarterly dividends," said Mark W. Begor, Equifax Chief Executive Officer.
"Equifax is fundamentally a different company on how we go to market from Technology to Data & Analytics, EFX.AI capabilities, product focus, and AI-driven Operations all leveraging our Cloud technology investment and patented EFX.AI products and D&A capabilities. Equifax's scale proprietary data is the foundation of our AI data moat and a big competitive advantage, and we are expanding our capabilities to leverage our unique, non-public data assets with EFX.AI and our Agentic AI capabilities to rapidly deliver higher-performing scores, models, and multi-market products to help our customers grow.
Our strong second quarter results reflect the resiliency of the broad-based Equifax business model in an increasingly uncertain economy. We are energized about the New Equifax and we expect to deliver higher growth, margins, and accelerating free cash flow, and returning cash to shareholders in the future."
Financial Results Summary
The Company reported revenue of $1,700.1 million in the second quarter of 2026, up 11% and 10% on a reported and local currency basis, respectively, compared to the second quarter of 2025.
Net income attributable to Equifax of $183.9 million was down 4% in the second quarter of 2026 compared to $191.3 million in the second quarter of 2025.
Diluted EPS attributable to Equifax was $1.54 per share in the second quarter of 2026, up 1% compared to $1.53 per share in the second quarter of 2025.
Workforce Solutions Second Quarter Results
- Total revenue was $705.4 million in the second quarter of 2026, up 7% compared to the second quarter of 2025. Operating margin for Workforce Solutions was 44.9% in the second quarter of 2026 compared to 46.4% in the second quarter of 2025. Adjusted EBITDA margin for Workforce Solutions was 52.1% in the second quarter of 2026 compared to 53.3% in the second quarter of 2025.
- Verification Services revenue was $607.6 million, up 7% compared to the second quarter of 2025.
- Employer Services revenue was $97.8 million, up 3% compared to the second quarter of 2025.
USIS Second Quarter Results
- Total revenue was $611.6 million in the second quarter of 2026, up 17% compared to the second quarter of 2025. Operating margin for USIS was 22.5% in the second quarter of 2026 compared to 22.6% in the second quarter of 2025. Adjusted EBITDA margin for USIS was 32.8% in the second quarter of 2026 compared to 35.0% in the second quarter of 2025.
- Online Information Solutions revenue was $545.4 million, up 19% compared to the second quarter of 2025.
- Financial Marketing Services revenue was $66.2 million, up 4% compared to the second quarter of 2025.
International Second Quarter Results
- Total revenue was $383.1 million in the second quarter of 2026, up 8% and up 4% compared to the second quarter of 2025 on a reported and local currency basis, respectively. Operating margin for International was 12.1% in the second quarter of 2026 compared to 10.9% in the second quarter of 2025. Adjusted EBITDA margin for International was 27.6% in the second quarter of 2026 compared to 26.4% in the second quarter of 2025.
- Latin America revenue was $109.0 million, up 9% compared to the second quarter of 2025 on a reported basis and up 3% on a local currency basis.
- Europe revenue was $101.1 million, up 2% compared to the second quarter of 2025 on a reported basis and up 1% on a local currency basis.
- Asia Pacific revenue was $99.7 million, up 17% compared to the second quarter of 2025 on a reported basis and up 7% on a local currency basis.
- Canada revenue was $73.3 million, up 6% compared to the second quarter of 2025 on a reported and local currency basis.
Adjusted EPS and Adjusted EBITDA Margin
- Adjusted EPS attributable to Equifax was $2.25 in the second quarter of 2026, up 13% compared to the second quarter of 2025.
- Adjusted EBITDA margin was 32.5% in the second quarter of 2026, flat compared to the second quarter of 2025.
- These financia
- Second quarter reported revenue of $1.700 billion, up a strong 11% with 10% local currency revenue growth.
- Diversified markets revenue up 7% on a reported basis, up 6% in local currency, with strong performances in Workforce Solutions and USIS.
- Workforce Solutions second quarter revenue up 7%. Verification Services revenue up 7% led by high double digit revenue growth in Talent Solutions and Consumer Lending. Strong execution in Government with agreements signed in First Half totaling about $300 million in annual contract value.
- USIS second quarter revenue up strong 17% with Diversified Markets revenue growth accelerating sequentially over 300 basis points to 6%. USIS Mortgage revenue up 40%.
- International second quarter revenue up 8% on a reported basis. Local currency revenue growth up 4% with high single digit revenue growth in Asia Pacific and mid single digit growth in Canada.
- Second quarter U.S. Mortgage revenue up very strong 25%.
- New Product Innovation leveraging the EFX Cloud, EFX.AI, and proprietary data delivered strong 16% new product Vitality Index.
- Doubling 2026-2028 AI-driven cost reduction target to $150 million.
- Returned $366 million in cash to shareholders through share repurchases and quarterly dividend.
- Signed a definitive agreement to acquire Círculo de Crédito, the fastest growing credit bureau in Mexico, for an enterprise value of $750 million. Expected to close in the fourth quarter of 2026.
"Equifax delivered a strong second quarter performance executing on our EFX2028 Strategic Priorities with reported revenue of $1.700 billion, up 11% on a reported basis, with 10% local currency revenue growth enabled by a 16% new product Vitality Index, above our 10% long-term goal, with double digit Vitality across all business units. Diversified Markets local currency revenue growth of 6% reflects strong revenue growth in Workforce Solutions and USIS. U.S. Mortgage revenue grew 25% and in line with our expectations despite higher mortgage rates throughout the second quarter.
Workforce Solutions delivered 7% revenue growth, with Diversified Markets growth of 6% led by strong high double digit growth in Talent Solutions and Consumer Lending. The Workforce Solutions Government team continues to execute well, signing new contract wins and renewals totaling about $300 million in annual contract value in the first half of 2026 that will principally benefit 2027 and beyond. Workforce Solutions Mortgage revenue was up 8%. USIS delivered strong revenue growth of 17%, with Diversified Markets revenue growth of 6%, which was up over 300 basis points sequentially and very strong 40% Mortgage revenue growth. International delivered 4% local currency revenue growth with high single digit revenue growth in Asia Pacific and mid single digit growth in Canada.
Equifax is on offense deploying EFX.AI to deliver higher-performing products, models and scores while driving AI agents and tools across our operations, technology, and support teams for productivity. We are doubling our AI-driven cost reduction goal set earlier in the year to $150 million from 2026 to 2028, reflecting the accelerating momentum deploying AI across EFX to drive speed, accuracy, and productivity.
Equifax signed a definitive agreement to acquire Círculo de Crédito, the fastest growing credit bureau in Mexico, for an enterprise value of $750 million. The acquisition fits perfectly in our balanced capital allocation framework, with our focus on highly accretive bolt-on acquisitions while continuing significant ongoing return of capital to shareholders and maintaining our strong investment grade balance sheet. Equifax returned $366 million of cash to shareholders in the quarter, including repurchasing 1.8 million shares, or about 1% of shares outstanding, for $300 million and paying $66 million in quarterly dividends," said Mark W. Begor, Equifax Chief Executive Officer.
"Equifax is fundamentally a different company on how we go to market from Technology to Data & Analytics, EFX.AI capabilities, product focus, and AI-driven Operations all leveraging our Cloud technology investment and patented EFX.AI products and D&A capabilities. Equifax's scale proprietary data is the foundation of our AI data moat and a big competitive advantage, and we are expanding our capabilities to leverage our unique, non-public data assets with EFX.AI and our Agentic AI capabilities to rapidly deliver higher-performing scores, models, and multi-market products to help our customers grow.
Our strong second quarter results reflect the resiliency of the broad-based Equifax business model in an increasingly uncertain economy. We are energized about the New Equifax and we expect to deliver higher growth, margins, and accelerating free cash flow, and returning cash to shareholders in the future."
Financial Results Summary
The Company reported revenue of $1,700.1 million in the second quarter of 2026, up 11% and 10% on a reported and local currency basis, respectively, compared to the second quarter of 2025.
Net income attributable to Equifax of $183.9 million was down 4% in the second quarter of 2026 compared to $191.3 million in the second quarter of 2025.
Diluted EPS attributable to Equifax was $1.54 per share in the second quarter of 2026, up 1% compared to $1.53 per share in the second quarter of 2025.
Workforce Solutions Second Quarter Results
- Total revenue was $705.4 million in the second quarter of 2026, up 7% compared to the second quarter of 2025. Operating margin for Workforce Solutions was 44.9% in the second quarter of 2026 compared to 46.4% in the second quarter of 2025. Adjusted EBITDA margin for Workforce Solutions was 52.1% in the second quarter of 2026 compared to 53.3% in the second quarter of 2025.
- Verification Services revenue was $607.6 million, up 7% compared to the second quarter of 2025.
- Employer Services revenue was $97.8 million, up 3% compared to the second quarter of 2025.
USIS Second Quarter Results
- Total revenue was $611.6 million in the second quarter of 2026, up 17% compared to the second quarter of 2025. Operating margin for USIS was 22.5% in the second quarter of 2026 compared to 22.6% in the second quarter of 2025. Adjusted EBITDA margin for USIS was 32.8% in the second quarter of 2026 compared to 35.0% in the second quarter of 2025.
- Online Information Solutions revenue was $545.4 million, up 19% compared to the second quarter of 2025.
- Financial Marketing Services revenue was $66.2 million, up 4% compared to the second quarter of 2025.
International Second Quarter Results
- Total revenue was $383.1 million in the second quarter of 2026, up 8% and up 4% compared to the second quarter of 2025 on a reported and local currency basis, respectively. Operating margin for International was 12.1% in the second quarter of 2026 compared to 10.9% in the second quarter of 2025. Adjusted EBITDA margin for International was 27.6% in the second quarter of 2026 compared to 26.4% in the second quarter of 2025.
- Latin America revenue was $109.0 million, up 9% compared to the second quarter of 2025 on a reported basis and up 3% on a local currency basis.
- Europe revenue was $101.1 million, up 2% compared to the second quarter of 2025 on a reported basis and up 1% on a local currency basis.
- Asia Pacific revenue was $99.7 million, up 17% compared to the second quarter of 2025 on a reported basis and up 7% on a local currency basis.
- Canada revenue was $73.3 million, up 6% compared to the second quarter of 2025 on a reported and local currency basis.
Adjusted EPS and Adjusted EBITDA Margin
- Adjusted EPS attributable to Equifax was $2.25 in the second quarter of 2026, up 13% compared to the second quarter of 2025.
- Adjusted EBITDA margin was 32.5% in the second quarter of 2026, flat compared to the second quarter of 2025.
- These financia
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