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Friday 6 November 2026
Export EFX’s income statement to Excel — free account
Equifax, Inc.
EFX Industrials Consulting Services
Equifax, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.1 billion, up 6.92% from fiscal 2024.
- Revenue
- +9.55%
- EPS
- +38.5%
- Free cash flow
- −0.23%
- Total debt
- +24.5%
Quarter to September 2026, against a year earlier
195.27
3.06
+1.59%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 3,145 | 3,362 | 3,412 | 3,508 | 4,128 | 4,924 | 5,122 | 5,265 | 5,681 | 6,075 | 6,592 | +7.6% | 6,666 | 7,063 | 7,698 | +8.2% | |
| Gross margin, % | 64.60 | 63.99 | 57.79 | 56.62 | 57.91 | 59.77 | 57.49 | 55.65 | 55.67 | 56.45 | 55.18 | (8.2) pt | ||||||
| EBT | 728 | 747 | 370 | (414) | 685 | 949 | 930 | 718 | 811 | 895 | 1,022 | +2.3% | ||||||
| EBT margin, % | 23.15 | 22.21 | 10.86 | (11.80) | 16.60 | 19.28 | 18.15 | 13.63 | 14.27 | 14.73 | 15.51 | (8.4) pt | ||||||
| Net income | 495 | 598 | 317 | (378) | 526 | 749 | 700 | 552 | 607 | 664 | 748 | +3.3% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 26.36 | 28.00 | 28.34 | 29.01 | 33.97 | 40.39 | 41.85 | 42.84 | 45.89 | 49.31 | 56.20 | +7.2% | |||||
| Earnings | 4.10 | 4.89 | 2.49 | (3.30) | 4.28 | 6.11 | 5.69 | 4.44 | 4.88 | 5.36 | 6.23 | +3.0% | ||||||
| Cash flow | 6.90 | 6.79 | 5.58 | 2.60 | 7.79 | 10.95 | 6.19 | 9.09 | 10.70 | 13.11 | 13.75 | +7.4% | ||||||
| Capex | (1.45) | (1.75) | (2.63) | (3.31) | (3.47) | (3.81) | (5.10) | (4.89) | (4.13) | (3.91) | (4.34) | +11.6% | ||||||
| Free cash flow | 5.44 | 5.05 | 2.96 | (0.71) | 4.32 | 7.14 | 1.08 | 4.19 | 6.57 | 9.21 | 9.41 | +6.0% | ||||||
| Book value | 22.81 | 26.97 | 26.21 | 21.69 | 26.42 | 29.54 | 32.46 | 37.04 | 38.89 | 37.53 | 38.31 | +5.7% | ||||||
| Shares, m | 119 | 120 | 120 | 121 | 122 | 122 | 122 | 123 | 124 | 123 | 120 | +0.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 28.97 | 24.45 | 35.97 | 0.00 | 46.24 | 47.92 | 34.85 | 54.02 | 52.33 | 40.48 | 31.34 | 36.5 | |||||
| P/S | 4.51 | 4.27 | 3.29 | 4.83 | 5.68 | 7.25 | 4.74 | 5.60 | 5.55 | 4.40 | 3.47 | 5.0 | ||||||
| P/B | 5.21 | 4.43 | 3.55 | 6.46 | 7.30 | 9.91 | 6.11 | 6.48 | 6.55 | 5.78 | 5.10 | 6.2 | ||||||
| EV/Sales | 5.13 | 4.69 | 3.99 | 5.68 | 6.06 | 8.11 | 5.62 | 6.46 | 6.28 | 5.04 | 4.21 | 5.7 | ||||||
| EV/FCF | 24.83 | 25.99 | 38.27 | (232.15) | 47.67 | 45.87 | 217.26 | 65.98 | 43.92 | 26.98 | 25.15 | 30.5 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 823 | 816 | 672 | 314 | 946 | 1,335 | 757 | 1,117 | 1,325 | 1,616 | 1,613 | +7.8% | |||||
| Capex | (173) | (210) | (316) | (400) | (421) | (464) | (624) | (601) | (511) | (481) | (509) | +12.0% | ||||||
| Free cash flow | 650 | 606 | 356 | (86) | 525 | 871 | 133 | 516 | 813 | 1,134 | 1,104 | +6.4% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (587) | (675) | 76 | (150) | (5) | (1,170) | (645) | (663) | (451) | (923) | 127 | +5.2% | |||||
| Net debt | 1,958 | 1,403 | 2,407 | 2,978 | 1,593 | 4,245 | 4,535 | 4,531 | 4,153 | 3,875 | 4,856 | +7.9% | ||||||
| Shareholders’ equity | 2,721 | 3,239 | 3,156 | 2,623 | 3,210 | 3,601 | 3,973 | 4,552 | 4,814 | 4,624 | 4,493 | +6.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 8.76 | 8.45 | 4.32 | (5.10) | 5.94 | 7.21 | 6.16 | 4.58 | 5.03 | 5.59 | 6.25 | (3.2) pt | |||||
| ROIC | 11.02 | 11.20 | 5.03 | (3.74) | 8.80 | 9.06 | 7.76 | 6.42 | 7.26 | 8.05 | 8.30 | (3.0) pt | ||||||
| ROE | 19.28 | 19.71 | 9.71 | (13.29) | 17.83 | 21.85 | 18.38 | 12.79 | 12.90 | 13.99 | 15.72 | (5.3) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 9,500 | 10,300 | 10,900 | 11,200 | 11,400 | 12,700 | 14,000 | 14,900 | 14,700 | 15,000 | — | +5.2% | |||||
| Revenue/emp, $m | 0.33 | 0.33 | 0.31 | 0.31 | 0.36 | 0.39 | 0.37 | 0.35 | 0.39 | 0.40 | — | +2.3% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2025
| U.S. | 4,661 | 76.73% |
|---|---|---|
| Other | 498 | 8.20% |
| U.K. | 326 | 5.37% |
| Australia | 318 | 5.24% |
| Canada | 271 | 4.47% |
| Gross margin | 56.45% | |
| Operating margin | 18.03% | |
| Pre-tax margin | 14.73% |
Equifax, Inc. vs peers in Consulting Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| VRSK Verisk Analytics, Inc. | $27.5B | 32.0× | 27.3× | +5.30% (above 0%: growing) | +4.94% (above 0%: growing) | −40.49% (below 0%: shrinking) | 70.09% | 45.15% | Compare |
| EFX Equifax, Inc. | $22.7B | 31.3× | 28.3× | +9.55% (above 0%: growing) | +38.46% (above 0%: growing) | −0.23% (below 0%: shrinking) | 55.55% | 20.99% | |
| BAH Booz Allen Hamilton Holding Corporation | $10.6B | 13.8× | 14.9× | −3.88% (below 0%: shrinking) | +5.63% (above 0%: growing) | −33.42% (below 0%: shrinking) | 52.02% | 8.82% | Compare |
| FCN FTI Consulting, Inc. | $5.3B | 24.1× | 23.1× | +5.90% (above 0%: growing) | −9.79% (below 0%: shrinking) | −2.69% (below 0%: shrinking) | 34.64% | 8.87% | Compare |
| HURN Huron Consulting Group Inc. | $2.8B | 25.7× | 25.7× | +11.37% (above 0%: growing) | +1.98% (above 0%: growing) | −42.44% (below 0%: shrinking) | 32.24% | 11.97% | Compare |
| ICFI ICF International, Inc. | $1.7B | 17.8× | 16.2× | +1.09% (above 0%: growing) | +37.21% (above 0%: growing) | −29.12% (below 0%: shrinking) | 38.08% | 0.00% | Compare |
| CRAI Charles River Associates | $1.3B | 24.9× | 24.2× | +15.61% (above 0%: growing) | +27.49% (above 0%: growing) | +103.95% (above 0%: growing) | 29.10% | 11.12% | Compare |
| SBC SBC Medical Group Holdings Incorporated | $516.3M | 10.7× | 11.3× | +13.44% (above 0%: growing) | +400.00% (above 0%: growing) | +396.07% (above 0%: growing) | 73.14% | 38.55% | Compare |
| ROMA Roma Green Finance Limited | $373.5M | — | — | — | — | +20.80% (above 0%: growing) | — | — | Compare |
| Median of peers | $2.2B | 24.1× | 23.1× | +5.90% | +5.63% | −15.90% | 38.08% | 11.12% |
From the latest earnings call
- CEO Mark Begor said weaker U.S. mortgage activity reduced third-quarter revenue by about $20 million versus expectations, while diversified markets grew.
- Begor said state government agreements totaled over $550 million in annual contract value and would principally benefit the government business in 2027.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
101.34%
Held by the ten largest
51.16%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 14.25m | 12.12% | −73.95k |
| BlackRock | 9.40m | 7.99% | −65.80k |
| HARRIS ASSOCIATES L P | 7.28m | 6.19% | −69.35k |
| Capital Group | 6.01m | 5.11% | +1.51m |
| State Street | 5.20m | 4.42% | +176.00k |
| Soroban Capital Partners LP | 4.41m | 3.75% | +226.31k |
| MFS Investment Management | 3.86m | 3.28% | −830.42k |
| Morgan Stanley | 3.31m | 2.82% | −705.46k |
| BROWN ADVISORY INC | 3.29m | 2.80% | −360.83k |
| Geode Capital Management | 3.16m | 2.68% | −42.04k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 27 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 23.42m | (3.70m) | 116.66 |
| 2024 | 14.80m | 13.12m | 135.92 |
| 2023 | 13.05m | 32.14m | 131.10 |
| 2022 | 37.25m | (19.02m) | 102.27 |
| 2021 | 16.07m | 84.90m | 152.84 |
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Read the proxy statement
Equifax, Inc. (EFX) Latest News
28 Oct
26 Oct
22 Oct
21 Oct
20 Oct
EFX metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Equifax is a global data, analytics and technology company founded in 1899 and headquartered in Atlanta. It collects and organizes consumer and business information—including credit, income, employment, assets, telecommunications and utility payments, education, criminal-justice and demographic data—and uses analytics, artificial intelligence and software to turn that information into decisioning tools and processing services.
Its customers use the resulting information to decide whether to extend credit, verify an applicant’s identity, assess fraud risk, market financial products, manage existing accounts, hire employees, administer benefits or recover debt. For example, a mortgage lender can use its credit-file and income-verification services in underwriting, while a government agency can validate employment and income when administering social-service programs.