Equifax Exceeds Q1 Guidance, Launches $3 Billion Share Buyback and Hikes Dividend by 28%

Equifax (NYSE: EFX) reported first quarter 2025 revenue of $1.442 billion, up 4% year-over-year and $37 million above the midpoint of its guidance. Revenue rose 5% on a local currency basis, driven by robust U.S. mortgage demand, strong innovation, and continued expansion of the company’s cloud platform.

The company saw 7% growth in U.S. mortgage revenue despite continued softness in the overall mortgage market. The U.S. Information Solutions (USIS) segment posted 7% revenue growth, supported by an 11% rise in mortgage-related activity and 6% growth in non-mortgage sectors such as credit cards and auto. Workforce Solutions grew 3% year-over-year, with Verification Services increasing 5%.

International revenue rose 7% in local currencies but only 1% on a reported basis. Latin America was the strongest contributor to international performance.

Equifax highlighted continued investment in cloud-based infrastructure, with over 85% of its revenue now derived from the EFX Cloud. The company also noted an 11% Vitality Index, which measures revenue from new products launched in the past three years—exceeding its long-term goal of 10%.

Despite headwinds and economic uncertainty, Equifax reaffirmed its full-year 2025 outlook, projecting 6% local currency revenue growth and adjusted EPS of $7.45.

In a major move for shareholders, Equifax’s board approved a new $3 billion share repurchase program to be executed over four years and announced a 28% increase in its quarterly dividend to $0.50 per share beginning in Q2.

CEO Mark Begor stated that with the cloud migration nearly complete, the company will now focus on driving innovation and growth. He expects free cash flow to reach nearly $900 million in 2025 with a cash conversion ratio approaching 95%.

Begor added, “We are energized about the New Equifax that is expected to deliver higher growth, margins, and accelerating free cash flow, and returning cash to shareholders in the future.”