Equifax (EFX) Q1 FY2026 earnings: revenue $1.6 billion, up 14.3% on the year

Equifax Inc. (EFX) reported revenue of $1.6 billion for Q1 FY2026, the quarter ended 31 March 2026, up 14.3% on the same quarter a year earlier. Net income was $172 million, up 28.9% on the year, and diluted earnings per share $1.42. The figures are the company's own, from the 10-Q it filed with the SEC on 21 April 2026.

Revenue

$1.6 billion

+14.3% on the year · +6.3% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

17.4%

16.4% a year earlier

Q2 FY2024Q1 FY2026

Net income

$172 million

+28.9% on the year · -2.4% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$1.42

+34.0% on the year · -1.4% on the quarter

Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 4 new, 2 kept.

Revenue above February guidance midpoint: Reported revenue was $1.649 billion, up 14%, or 13% in local currency, and $37 million above the midpoint of the February guidance framework.
Earnings per share rose sharply: Net income attributable to Equifax was $171.5 million, up 29%. Diluted EPS was $1.42, up 34%. Adjusted EPS was $1.86, up 22% from the prior year quarter.
Vitality Index reached 17%: New product Vitality Index was 17%, which management described as significantly above its 10% long-term goal. Products used the EFX Cloud, EFX.AI and proprietary data.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	1,649	1,551	1,442	+6.3%	+14.3%
Cost of revenue	767	661	657	+16.0%	+16.8%
Gross profit	882	890	785	-0.9%	+12.3%
Gross margin	53.5%	57.4%	54.5%
Selling, general and administrative	411	421	375	-2.4%	+9.6%
Operating income	288	284	236	+1.2%	+22.0%
Operating margin	17.4%	18.3%	16.4%
Interest expense	55.7	54.1	52.9	+3.0%	+5.3%
Pre-tax income	236	233	185	+1.2%	+27.2%
Income tax	62.5	56.5	51.6	+10.6%	+21.1%
Effective tax rate	26.5%	24.3%	27.8%
Net income	172	176	133	-2.4%	+28.9%
Net margin	10.4%	11.3%	9.2%
Diluted EPS	$1.42	$1.44	$1.06	-1.4%	+34.0%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	242	471	224	-48.6%	+8.0%
Capital expenditure	120	130	107	-7.4%	+12.3%
Free cash flow	122	341	117	-64.3%	+4.1%
Free cash flow margin	7.4%	22.0%	8.1%
Cash from investing	-120	-204	-107
Cash from financing	-118	-276	-95.8
Depreciation and amortisation	185	190	176	-2.6%	+4.8%
Share-based compensation	43.3	14.5	33.5	+198.6%	+29.3%
Buybacks	260	500	0.0	-48.0%
Dividends paid	67.1	60.8	48.5	+10.4%	+38.4%
Dividend per share	$0.56	n/a	$0.39		+43.6%
Diluted shares, weighted	121m	122m	125m	-1.2%	-3.4%
Shares outstanding at period end	119m	120m	124m	-0.9%	-3.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	4,541	4,604	4,981	-1.4%	-8.8%
Non-controlling interest	21.7	19.5	18.6	+11.3%	+16.7%
Redeemable equity	120	114	113	+5.2%	+6.8%
Debt	5,308	5,114	4,964	+3.8%	+6.9%
Other liabilities	1,951	2,012	1,778	-3.0%	+9.7%
Total liabilities and equity	11,942	11,864	11,855	+0.7%	+0.7%
Fixed assets	1,930	1,932	1,889	-0.1%	+2.1%
Goodwill	6,791	6,746	6,590	+0.7%	+3.0%
Intangible assets	1,283	1,331	1,474	-3.6%	-12.9%
Cash and equivalents	183	181	195	+1.4%	-6.0%
Receivables	1,072	1,013	1,018	+5.8%	+5.3%
Other assets	683	661	688	+3.3%	-0.7%
Total assets	11,942	11,864	11,855	+0.7%	+0.7%

Questions

What was Equifax's revenue in Q1 FY2026?

Equifax (EFX) reported revenue of $1.6 billion for Q1 FY2026, the quarter ended 31 March 2026, up 14.3% on the same quarter a year earlier.

How much did Equifax earn in Q1 FY2026?

Net income for Q1 FY2026 was $172 million, up 28.9% on the year, and diluted earnings per share $1.42.

When did Equifax report Q1 FY2026 results?

Equifax filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 21 April 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,253	1,363	1,317	1,244	1,198	1,302	1,318	1,319	1,326	1,389	1,430	1,442	1,419	1,442	1,537	1,545	1,551	1,649	1,700	1,692
Cost of revenue	526	553	542	542	539	580	588	585	582	628	631	645	615	657	665	663	661	767	774	752
Gross profit	728	810	775	702	659	722	730	734	745	762	800	797	804	785	872	882	890	882	926	940
Gross margin	58%	59%	59%	56%	55%	55%	55%	56%	56%	55%	56%	55%	57%	54%	57%	57%	57%	53%	54%	56%
SG&A	343	340	330	318	340	366	343	333	343	373	353	380	345	375	384	434	421	411	422	390
Operating income	252	332	305	243	176	205	237	246	245	225	282	247	288	236	311	264	284	288	314	355
Operating margin	20%	24%	23%	20%	15%	16%	18%	19%	18%	16%	20%	17%	20%	16%	20%	17%	18%	17%	18%	21%
Interest expense	38.5	39.7	41.6	47.1	54.6	57.6	60.7	62.8	60.3	59.7	57.3	56.3	55.8	52.9	53.1	52.2	54.1	55.7	59.8	62.3
Pre-tax income	138	304	265	220	141	152	192	191	183	167	225	194	226	185	261	215	233	236	257	297
Tax rate	11%	27%	24%	24%	23%	25%	27%	14%	26%	24%	26%	26%	23%	28%	26%	25%	24%	27%	28%	28%
Net income	122	222	201	166	108	112	138	162	132	125	164	141	174	133	191	160	176	172	184	212
Net margin	10%	16%	15%	13%	9%	9%	10%	12%	10%	9%	11%	10%	12%	9%	12%	10%	11%	10%	11%	13%
Diluted EPS	$0.98	$1.80	$1.63	$1.34	$0.88	$0.91	$1.12	$1.31	$1.06	$1.00	$1.31	$1.13	$1.39	$1.06	$1.53	$1.29	$1.44	$1.42	$1.54	$1.79
Operating cash flow	385	-198	275	355	325	151	262	382	322	253	268	480	325	224	361	560	471	242	340	560
Capital expenditure	136	156	159	153	156	158	163	134	146	132	137	124	119	107	122	122	130	120	135	124
Free cash flow	249	-355	116	202	169	-7.4	99.1	247	176	121	131	356	206	117	239	438	341	122	205	437
Buybacks	0.0	0.0	0.0	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	0.0	n/a	0.0	127	300	500	260	300	92.0
Dividends paid	47.4	47.9	47.8	47.6	47.8	47.9	47.7	48.1	48.1	48.2	48.2	48.4	48.4	48.5	62.0	61.5	60.8	67.1	66.4	65.9
Shares outstanding	122m	122m	122m	122m	122m	123m	123m	123m	123m	124m	124m	124m	124m	124m	124m	123m	120m	119m	118m	117m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2026, filed 21 April 2026: the filing.