Equifax Reports Record Q1 Revenue Driven by U.S. Mortgage Surge
On April 21, Equifax reported an unprecedented first-quarter revenue of $1.65 billion, marking a 14% increase compared to the previous year. This growth was largely fueled by a 38% surge in U.S. mortgage revenue during January and February. CEO Mark Begor noted that heightened mortgage activity occurred prior to the rise in interest rates linked to the Iran conflict. Net income experienced a 29% boost, reaching $171.5 million, while diluted earnings per share rose from $1.06 to $1.42. Revenue from U.S. Information Solutions climbed 21% to $605.6 million, with mortgage revenue soaring by 60%. Workforce Solutions revenue increased by 10% to $683.1 million. Equifax continues to target approximately 10% local-currency revenue growth by 2026, with second-quarter revenue expected between $1.68 billion and $1.71 billion.
Key facts
- Equifax posted record Q1 revenue of $1.65 billion, up 14% year-over-year
- U.S. mortgage revenue increased 38%, concentrated in January and February
- Net income rose 29% to $171.5 million, with diluted EPS at $1.42
- Adjusted EPS was $1.86, a 22% increase
- U.S. Information Solutions revenue grew 21% to $605.6 million, with mortgage revenue up 60%
- Workforce Solutions revenue increased 10% to $683.1 million
- Equifax maintained full-year 2026 revenue growth target of roughly 10%
- Company returned $327 million to shareholders via repurchases and dividends
Entities
Institutions
- Equifax
- Federal Reserve
- Reuters
Locations
- United States
- Iran
- Middle East
Sources
- Quartz —