Q2 2026 Equifax Inc Earnings Call Transcript
Key Points
- Equifax Inc (EFX) delivered strong second-quarter results with revenue of $1.7 billion, up 11% on a reported basis and 10% in constant currency.
- The company achieved a strong EPS growth of 13%, driven by robust margin performance.
- Equifax Inc (EFX) signed significant state government contracts totaling about $300 million, indicating strong commercial execution and future growth potential.
- The company launched 54 new products with AI capabilities, contributing to a strong 16% vitality index in the quarter.
- Equifax Inc (EFX) returned $366 million to shareholders, including repurchasing 1.8 million shares and paying $66 million in dividends.
- Equifax Inc (EFX) recorded a $40 million charge for a legal settlement related to a previously disclosed coding issue.
- International revenue was slightly lower than expected, with market weaknesses in Canada and the UK.
- The U.S. Mortgage market was weaker than expected due to higher interest rates, impacting overall industry transaction volumes.
- EWS government revenue declined slightly due to a tough 2025 comparison.
- The ongoing Middle East conflict has resulted in continued higher levels of inflation, disproportionately pressuring the lower-income or subprime consumer demographic.
Greetings, and welcome to the Equifax second-quarter 2026 earnings call. (Operator Instructions) As a reminder, this conference is being recorded.
I'd now like to turn the call over to your host, Mr. Trevor Burns, Senior Vice President, Investor Relations. Thank you, sir. Please go ahead.
Thanks, and good morning. Welcome to today's conference call. I'm Trevor Burns. With me today are Mark Begor, Chief Executive Officer; and John Gamble, Chief Financial Officer.
Today's call is being recorded. An archive of the recording will be available later today in the IR Calendar section of the News and Events tab at our Investor Relations website.
During the call, we will be making reference to certain materials that can be found in the Presentations section of the News and Events tab at our IR website. These materials are labeled 2Q 2026 Earnings Conference Call.
Also, we'll be making certain forward-looking statements, including third-quarter
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