Company file · EFX

Equifax

United States Consumer Information Solutions was Equifax's fastest-growing segment in FY2025, up 9.8%

Revenue rose 6.9% to $6.1B in FY2025, from $5.7B in FY2024. Net income rose 9.3% to $660M. Workforce Solutions was the largest segment, at 43% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Feb 19, 2026) · Latest quarter: 10-Q for the quarter ended Sep 30, 2026 (filed Oct 20, 2026) · Data pulled Nov 11, 2026

Key facts

Equifax (NYSE: EFX) closed fiscal 2025 on Dec 31, 2025 with revenue of $6.1B, up 6.9% from a year before; net income came to $660M, up 9.3%. Its newest quarterly report covers the three months to Sep 30, 2026: revenue of $1.7B, up 9.6% on the same stretch of the prior year, and net income of $212M. Broken down by segment, Workforce Solutions led with 43% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 19, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Oct 20, 2026).

Revenue$6.1BFY2025 · +6.9% vs FY2024

Net income$660MFY2025 · +9.3% vs FY2024

Operating cash flow$1.6BFY2025 · +22.0% vs FY2024

Cash & equivalents$193Mat Sep 30, 2026 · +6.7% vs FY2025 end

Total debt$5.2Bat Sep 30, 2026 · +2.2% vs FY2025 end

Diluted shares124MFY2025 avg · −0.6% vs FY2024

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2025, filed Feb 19, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)

FY2025FY2026

Source: 10-Q filed Apr 21, 2026 · 10-Q filed Jul 21, 2026 · 10-Q filed Oct 20, 2026

How it makes money

By segment, FY2025

LineAmountSharevs FY2024
Workforce Solutions$2.6B43%+6.1%
United States Consumer Information Solutions$2.1B34%+9.8%
International$1.4B23%+4.4%

Source: 10-K FY2025, XBRL breakdown

By segment in FY2025: Workforce Solutions (43%), United States Consumer Information Solutions (34%) and International (23%), as shares of total revenue. Total revenue was $6.1B.

By segment: three-year mixShare of the total each fiscal year

FY2023

44%33%23%

FY2024

43%33%24%

FY2025

43%34%23%

Workforce SolutionsUnited States Consumer Information SolutionsInternational

Source: 10-K FY2025

By region, FY2025

United States$4.7B77%+7.7%

Other Countries$498M8%+4.4%

United Kingdom$326M5%+7.6%

Australia$318M5%+2.9%

Canada$271M4%+2.5%

Share is of the FY2025 total; the last column is the change from FY2024.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 2026Q3 2025

Company

Revenue

$1.7B Q3 2026

$1.5B Q3 2025

9.6% increase

Net income

$212M Q3 2026

$160M Q3 2025

32.1% increase

Source: Equifax 10-Q for the quarter ended Sep 30, 2026, filed Oct 20, 2026

By segment

Workforce Solutions

$694M Q3 2026

$649M Q3 2025

6.9% increase

United States Consumer Information Solutions

$599M Q3 2026

$530M Q3 2025

13.0% increase

International

$400M Q3 2026

$365M Q3 2025

9.4% increase

Source: Equifax 10-Q for the quarter ended Sep 30, 2026, filed Oct 20, 2026

Cash & equivalents $193M at Sep 30, 2026, vs $181M at FY2025 end.
Total debt $5.2B at Sep 30, 2026, vs $5.1B at FY2025 end.
Operating cash flow, first 9 months of fiscal 2026: $1.1B vs $1.1B a year earlier.

The bull case and the bear case

The bull case

Revenue rose 6.9% in FY2025 to $6.1B, from $5.7B a year earlier. 10-K, FY2025
Net income rose 9.3% in FY2025 to $660M, from $604M. 10-K, FY2025
Operating cash flow rose 22.0% in FY2025 to $1.6B. 10-K, FY2025
Revenue in the quarter ended Sep 30, 2026 was $1.7B, up 9.6% on a year earlier. 10-Q, quarter ended Sep 30, 2026

The bear case

The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include economic cycles; costs and supply; trade and tariffs. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Equifax is in the research & consulting services industry, part of the industrials sector. The SEC files it under Services-Consumer Credit Reporting, Collection Agencies.

Equifax reports 3 segments: Workforce Solutions, United States Consumer Information Solutions and International.

Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the research & consulting services industry. They are not a summary of Equifax’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

Economic cyclesDemand for equipment and services rises and falls with business investment.
Costs and supplyMaterial, labor and supplier problems can raise costs or delay delivery.
Trade and tariffsTariffs and trade policy affect costs and sales.
Contracts and backlogLarge projects and government contracts can be delayed, cut or repriced.
Regulation and liabilitySafety, environmental and product-liability rules can raise costs.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2023	FY2024	FY2025
Revenue	$5.3B	$5.7B	$6.1B
Net income	$545M	$604M	$660M
Operating cash flow	$1.1B	$1.3B	$1.6B
Cash & equivalents (year end)	$217M	$170M	$181M
Total debt (year end)	$5.7B	$5.0B	$5.1B
Diluted shares	124M	125M	124M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Total debt: Debt due within one year plus long-term debt, at carrying value.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

Recent filings

Form	Filed	Period
10-Q	Oct 20, 2026	Sep 30, 2026
10-Q	Jul 21, 2026	Jun 30, 2026
10-Q	Apr 21, 2026	Mar 31, 2026
DEF 14A	Mar 27, 2026	May 7, 2026
10-K	Feb 19, 2026	Dec 31, 2025

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Equifax

How does Equifax make money?

Fiscal 2025 revenue: $6.1B. By segment in FY2025: Workforce Solutions (43%), United States Consumer Information Solutions (34%) and International (23%), as shares of total revenue. Total revenue was $6.1B. Source: 10-K for fiscal 2025, filed Feb 19, 2026.

What was Equifax's revenue in fiscal 2025?

$6.1B, up 6.9% from fiscal 2024 ($5.7B). The year ended Dec 31, 2025; for fiscal 2023 the figure was $5.3B. Source: 10-K for fiscal 2025, filed Feb 19, 2026.

Is Equifax profitable?

Net income was $660M in fiscal 2025 (up 9.3%; fiscal 2024 was $604M). That counts as a GAAP profit. The latest quarter, ended Sep 30, 2026: net income was $212M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 19, 2026.

What did Equifax report in its latest quarterly filing?

For the three months to Sep 30, 2026: revenue $1.7B (up 9.6% from $1.5B) and net income $212M (up 32.1% from $160M). Source: 10-Q for the quarter ended Sep 30, 2026, filed Oct 20, 2026.

How much cash and debt does Equifax have?

As of Sep 30, 2026: $193M of cash and cash equivalents, $5.2B of total debt. Total debt here is debt due within one year plus long-term debt, at carrying value. Source: 10-Q filed Oct 20, 2026.

What are the main risks Equifax faces?

Equifax's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 19, 2026. Risks that are common among companies in the research & consulting services industry include Economic cycles; costs and supply; trade and tariffs; contracts and backlog; regulation and liability. The first: Demand for equipment and services rises and falls with business investment. Source: 10-K, Item 1A Risk Factors.

Where do these Equifax numbers come from?

The 10-K filed Feb 19, 2026 (fiscal 2025) and the 10-Q filed Oct 20, 2026 (quarter ended Sep 30, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Equifax

Citadel Advisors: 245,518 shares, reported value $39.0M at Jun 30, 2026 (+40.3% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Millennium Management: 213,313 shares, reported value $33.9M at Jun 30, 2026 (−31.9% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Two Sigma Investments: 147,205 shares, reported value $23.4M at Jun 30, 2026 (+170.0% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Markel Group: 72,850 shares, reported value $10.0M at Sep 30, 2026 (same number of shares as in the filing for Jun 30, 2026). Form 13F filed Oct 30, 2026.
Point72 Asset Management: 47,152 shares, reported value $7.5M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
Renaissance Technologies: 36,395 shares, reported value $5.8M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 13, 2026.
Lindsell Train: 11,800 shares, reported value $1.6M at Sep 30, 2026 (same number of shares as in the filing for Jun 30, 2026). Form 13F filed Nov 2, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in EFX: The editor holds no position in Equifax (EFX). As of Nov 11, 2026.
Trading rule: The editor does not buy or sell EFX from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Nov 10, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold EFX, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
EquifaxEFX	FY2025	$6.1B	+6.9%	$660M
Verisk AnalyticsVRSK	FY2025	$3.1B	+6.6%	$908M
CaterpillarCAT	FY2025	$67.6B	+4.3%	$8.9B
GE AerospaceGE	FY2025	$45.9B	+18.5%	$8.7B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

More company files

New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.