Equifax Q3 revenue, profit rise on mortgage segment growth

Overview

• Global data and analytics provider's Q3 revenue grew 10% yr/yr, meeting analyst expectations

• Adjusted EPS for Q3 rose 11% and beat analyst expectations

• Company returned $158 mln to shareholders via buybacks and dividends

Outlook

• Equifax lowers 2026 full-year revenue guidance midpoint to $6.661 bln due to weak U.S. mortgage market

• Company expects 2026 adjusted EPS of $8.50, down $0.04 at midpoint from prior guidance

• Company maintains 2026 Diversified Markets revenue growth guidance at high single-digit percent

Result Drivers

• DIVERSIFIED MARKETS - Co said broad-based growth across business units drove 8% Diversified Markets revenue increase

• NEW PRODUCTS - Co attributed record new product Vitality Index of over 17% to innovation in cloud and AI offerings

• MORTGAGE REVENUE - Co said U.S. Mortgage revenue grew 15% despite challenging market conditions

Company press release: ID:nPn4SS6j3a

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the professional information services peer group is "buy"

• Wall Street's median 12-month price target for Equifax Inc. is $194.00, about 22.3% above its October 19 closing price of $158.57

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads

• Oct 19 - Zions Bancorp Q3 EPS rises 20% on improved credit quality

• Oct 19 - Western Alliance Bancorp Q3 revenue slightly beats estimates, profit rises on wider interest margin

• Oct 20 - Commerce Bancshares Q3 EPS beats, helped by loan growth

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)