Equifax Reports 7% Revenue Growth to $1.537 Billion in Q2 2025

Equifax Inc. reported a notable increase in its financial performance for the second quarter and first half of 2025, as detailed in its latest 10-Q filing. The company achieved operating revenue of $1.537 billion for the three months ended June 30, 2025, marking a 7% increase from $1.431 billion in the same period of 2024. For the first six months of 2025, total operating revenue reached $2.979 billion, up 6% from $2.820 billion year-over-year. The company's net income attributable to Equifax also rose, reaching $191.3 million for the second quarter, a 17% increase from $163.9 million in 2024, and $324.3 million for the first half, up 12% from $288.7 million.

The increase in revenue was driven by growth across all business segments, particularly in the U.S. Information Solutions and Workforce Solutions divisions. The U.S. Information Solutions segment saw revenue growth of 9% in the second quarter, primarily due to increased mortgage-related services and non-mortgage revenue. The Workforce Solutions segment reported a 8% increase in revenue, largely attributed to growth in Verification Services, despite a decline in Employer Services. Internationally, revenue increased by 14% in the second quarter, with significant contributions from Europe and Latin America.

Equifax's operating expenses also rose, totaling $1.226 billion for the second quarter, up from $1.148 billion in 2024. The increase was primarily due to higher costs associated with services, selling, general and administrative expenses, and depreciation and amortization. The company's operating income for the second quarter was $310.8 million, reflecting a 10% increase from $282.2 million in the prior year, resulting in an operating margin of 20.2%, up from 19.7%.

In terms of strategic developments, Equifax did not complete any acquisitions during the reported periods but continued to focus on its cloud technology transformation, which has involved restructuring costs of $6 million in the first half of 2025. The company also announced a new share repurchase authorization of up to $3 billion and increased its quarterly cash dividend to $0.50 per share, reflecting a commitment to returning value to shareholders. As of June 30, 2025, Equifax had approximately $2.9 billion available for future stock repurchases.

Looking ahead, Equifax anticipates that economic conditions, including inflation and interest rates, will impact demand for its services. The company expects U.S. economic growth to slow in 2025 compared to 2024, particularly in the mortgage market. Despite these challenges, Equifax remains focused on expanding its product offerings and capabilities to adapt to changing market conditions.