Equifax Guides Q3 Profit Below Estimate, Slides 12% After Q2 Earnings Beat
Equifax reported a second-quarter adjusted earnings per share of $2.25, beating the $2.20 analyst estimate on $1.70B in revenue. The credit reporting company saw a 25% year-over-year increase in U.S. mortgage revenue, which rose 40% within its USIS segment.
The results triggered a 12% decline in premarket trading after the company guided third-quarter adjusted EPS to $2.15 to $2.25, falling short of the $2.27 consensus. Management highlighted a new plan to double its artificial intelligence cost reduction target to $150M for the 2026 to 2028 period and confirmed a $750M acquisition of Mexico’s Círculo de Crédito expected to close in the fourth quarter of fiscal 2026.
From the sources (3 posts)
@wallstengineEQUIFAX $EFX Q2’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.70B (Est. $1.70B) 🟡; +11% YoY 🔹 Adj. EPS: $2.25 (Est. $2.20) 🟢 🔹 U.S. Mortgage Revenue: +25% YoY 🔹 New Product Vitality Index: 16% FY26 Guide: 🔹 Revenue: $6.71B-$6.78B 🔹 Adj. EPS: $8.39
@thetranscript_Equifax misses on EPS: CEO: "...a strong second quarter performance..." $EFX: -12% Pre-Market
@iamrahulinc🚨𝗘𝗤𝗨𝗜𝗙𝗔𝗫 𝗦𝗠𝗔𝗦𝗛𝗘𝗦 𝗤𝟮 𝗥𝗘𝗩𝗘𝗡𝗨𝗘 𝗚𝗨𝗜𝗗𝗘𝗟𝗜𝗡𝗘𝗦! Equifax reported $1.70 B in Q2 revenue, matching forecasts and up 11% YoY. Adjusted EPS hit $2.25, beating the $2.20 estimate. U.S. mortgage revenue surged 25% and the new Product Vitality Index