Equifax (EFX) FY2025 results: revenue $6.1 billion, up 6.9% on the year

Equifax sells information about people and businesses, with the analytics and software that act on it, to lenders, companies, governments and consumers, and runs human resources process automation and outsourcing for employers. Its databases are built from credit, financial asset, telecommunications and utility payment, employment, income, educational, criminal justice, healthcare licensure, demographic and marketing data. Equifax was incorporated in Georgia in 1913, with a predecessor dating to 1899, and is based in Atlanta. There are three operating segments and four regions: North America, Latin America, Europe and Asia Pacific, with support operations in Chile, Costa Rica, India and Ireland and joint ventures in Brazil, Cambodia, Malaysia and Singapore. Business with clients outside the United States was 23 percent of the total in 2025, 24 percent in 2024 and 23 percent in 2023.

Workforce Solutions

The employment data business, operating in the United States through two units. Verification Services confirms employment, income, educational history, criminal justice data and healthcare licensure, for government agencies, mortgage originators, credit card and car lenders and pre-employment screeners, with a manual service for records outside the automated database. The Work Number held about 209 million active and 813 million total employment records at the end of 2025. Employer Services covers unemployment claims management and representation, which bears on the unemployment tax rate an employer is assessed, plus I-9 and onboarding, Affordable Care Act compliance, and tax credits and incentives.

U.S. Information Solutions

Consumer and commercial information for American businesses: online information, decisioning technology, identity management, analytics, e-commerce fraud and chargeback protection, portfolio management, mortgage information and marketing. Clients reach it by direct real-time access for instant decisions, and the company builds and hosts customised decisioning applications for pre-approved offers, cross-selling, setting deposits for telephone and utility companies and verifying identity. Commercial databases on American businesses hold loan, credit card, public records and leasing history, trade receivable performance and Secretary of State and Securities and Exchange Commission registrations. The consumer suite sells credit monitoring across all three bureaus, internet scanning, bank account monitoring and lost wallet support, direct, through business partners, and to resellers who repackage the information.

International

The same products, varying by region, plus debt collection and recovery services. Latin America covers Argentina, Brazil, Chile, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Honduras, Mexico, Paraguay, Peru and Uruguay, where consumer products are the main source of business except in Mexico, where debt management is the core. Asia Pacific covers Australia, New Zealand and India directly and Cambodia, Malaysia and Singapore through joint ventures, adding employment verification and talent management. Europe is the United Kingdom, Spain and Portugal. Consumer credit monitoring products are sold in Canada, the United Kingdom, Australia and Chile.

The cloud rebuild

The company describes moving nearly its whole technology estate to a public cloud using virtual private cloud techniques, built around a custom single data fabric for building, managing and deploying data products. It says the point is faster product development, easier customer integration and consumer access, better system resilience, and quicker deployment of artificial intelligence, machine learning and agent-based capabilities into products and internal processes.

How it sells

Selling is mostly through its own sales force, organised by vertical market and geography; in the U.S. the mortgage, financial, government and automotive teams sell products from both USIS and Workforce Solutions. Sales offices sit across the U.S. and in the countries where it operates. It also sells through alliance partners, joint ventures and resellers, and direct to consumers online.

Regulation

The Fair Credit Reporting Act governs much of the American business: it limits what a consumer reporting agency may report and how reports may be used, gives consumers rights to see, freeze and dispute their files, and requires reasonable procedures on accuracy and a reasonable reinvestigation when accuracy is disputed. The Consumer Financial Protection Bureau is the primary enforcer and supervisor, and the Federal Trade Commission and state attorneys general can enforce it too. Violations carry civil and criminal penalties, and the Act shifts attorney fees, which the filing notes is an incentive for individual and class action suits. Several states have their own versions, some stricter, Vermont grandfathered under the original requirements. In the first quarter of 2025 the company paid $15.0 million to settle a matter with the Bureau, and it paid a $13.5 million penalty over the U.K. Financial Conduct Authority's investigation into the 2017 cybersecurity incident at Equifax Limited.

People

Equifax employed approximately 15,000 people in 22 countries at the end of 2025: 3,100 in Workforce Solutions, 2,800 in USIS, 4,800 in International and 4,300 in what the company terms its corporate Centers of Excellence, which include the support centres in Chile, Costa Rica, India and Ireland. Approximately 2,700 people were hired and approximately 1,800 promoted during 2025.

From Equifax's annual report on Form 10-K for the year ended 31 December 2025. The filing

Written from the 10-K filed 19 February 2026: read the full 10-K.