NYSE: EFX
Equifax
Industrials · Services-Consumer Credit Reporting, Collection Agencies
52-week range
$137.01$228.67
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$16.1B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $14.2B |
| FY2017, ended Dec 31, 2017 | $14.2B |
| FY2018, ended Dec 31, 2018 | $11.2B |
| FY2019, ended Dec 31, 2019 | $17.0B |
| FY2020, ended Dec 31, 2020 | $23.5B |
| FY2021, ended Dec 31, 2021 | $35.7B |
| FY2022, ended Dec 31, 2022 | $23.8B |
| FY2023, ended Dec 31, 2023 | $30.7B |
| FY2024, ended Dec 31, 2024 | $31.6B |
| FY2025, ended Dec 31, 2025 | $26.1B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $16.1B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$6.59B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $3.14B |
| FY2017, ended Dec 31, 2017 | $3.36B |
| FY2018, ended Dec 31, 2018 | $3.41B |
| FY2019, ended Dec 31, 2019 | $3.51B |
| FY2020, ended Dec 31, 2020 | $4.13B |
| FY2021, ended Dec 31, 2021 | $4.92B |
| FY2022, ended Dec 31, 2022 | $5.12B |
| FY2023, ended Dec 31, 2023 | $5.27B |
| FY2024, ended Dec 31, 2024 | $5.68B |
| FY2025, ended Dec 31, 2025 | $6.07B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $6.59B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $489M | $650M |
| FY2017, ended Dec 31, 2017 | $587M | $598M |
| FY2018, ended Dec 31, 2018 | $311M | $350M |
| FY2019, ended Dec 31, 2019 | −$384M | −$85.8M |
| FY2020, ended Dec 31, 2020 | $520M | $525M |
| FY2021, ended Dec 31, 2021 | $744M | $866M |
| FY2022, ended Dec 31, 2022 | $696M | $133M |
| FY2023, ended Dec 31, 2023 | $545M | $516M |
| FY2024, ended Dec 31, 2024 | $604M | $813M |
| FY2025, ended Dec 31, 2025 | $660M | $1.13B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $743M | $1.10B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$193M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $129M |
| FY2017, ended Dec 31, 2017 | $336M |
| FY2018, ended Dec 31, 2018 | $224M |
| FY2019, ended Dec 31, 2019 | $401M |
| FY2020, ended Dec 31, 2020 | $1.68B |
| FY2021, ended Dec 31, 2021 | $225M |
| FY2022, ended Dec 31, 2022 | $285M |
| FY2023, ended Dec 31, 2023 | $217M |
| FY2024, ended Dec 31, 2024 | $170M |
| FY2025, ended Dec 31, 2025 | $181M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $193M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$5.21B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $2.69B |
| FY2017, ended Dec 31, 2017 | $2.72B |
| FY2018, ended Dec 31, 2018 | $2.65B |
| FY2019, ended Dec 31, 2019 | $3.40B |
| FY2020, ended Dec 31, 2020 | $4.40B |
| FY2021, ended Dec 31, 2021 | $5.33B |
| FY2022, ended Dec 31, 2022 | $5.82B |
| FY2023, ended Dec 31, 2023 | $5.74B |
| FY2024, ended Dec 31, 2024 | $5.04B |
| FY2025, ended Dec 31, 2025 | $5.11B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $5.21B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 2.4% since 2016.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.117M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 120M |
| FY2017, ended Dec 31, 2017 | 120M |
| FY2018, ended Dec 31, 2018 | 121M |
| FY2019, ended Dec 31, 2019 | 121M |
| FY2020, ended Dec 31, 2020 | 122M |
| FY2021, ended Dec 31, 2021 | 122M |
| FY2022, ended Dec 31, 2022 | 122M |
| FY2023, ended Dec 31, 2023 | 124M |
| FY2024, ended Dec 31, 2024 | 124M |
| FY2025, ended Dec 31, 2025 | 120M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 117M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Net: $1.06B more bought back than issued
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| Period | Bought back | Paid to employees | Used in acquisitions |
|---|---|---|---|
| FY2016, ended Dec 31, 2016 | $0 | $37.1M | — |
| FY2017, ended Dec 31, 2017 | $77.1M | $38.3M | — |
| FY2018, ended Dec 31, 2018 | $0 | $42.5M | — |
| FY2019, ended Dec 31, 2019 | $0 | $49.7M | — |
| FY2020, ended Dec 31, 2020 | $0 | $54.7M | — |
| FY2021, ended Dec 31, 2021 | $69.9M | $54.9M | — |
| FY2022, ended Dec 31, 2022 | $0 | $62.6M | — |
| FY2023, ended Dec 31, 2023 | $0 | $71.8M | $94.6M |
| FY2024, ended Dec 31, 2024 | $0 | $81.6M | $94.6M |
| FY2025, ended Dec 31, 2025 | $928M | $78.4M | — |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $1.15B | $89.0M | — |
Revenue (TTM)
$6.59B
+10.9% YoY
Net income (TTM)
$743M
+12.8% YoY
Cash
$193M
+2.1% YoY
Total debt
$5.21B
+8.2% YoY
Valuation
At current price- Market Cap
- $21.6B
- P/E
- 29.1×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 3.3×
- Price / Book
- 4.8×
- EV / EBITDA
- 13.3×
Growth
Trailing 12 months- Revenue (TTM)
- $6.59B
- Revenue Growth YoY
- 10.9%
- Revenue CAGR 3Y
- 5.8%
- Revenue CAGR 5Y
- 8.0%
- EPS Growth YoY
- 16.8%
- Net Income Growth YoY
- 12.8%
Profitability
Trailing 12 months- Gross Margin
- —
- Operating Margin
- 18.8%
- Net Margin
- 11.3%
- FCF Margin
- 16.7%
- Return on Equity
- 15.8%
Earnings
Trailing 12 months- Net Income
- $743M
- EPS (diluted)
- $6.18
- EBITDA
- $2.00B
- Operating Income
- $1.24B
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- $193M
- Total Debt
- $5.21B
- Net Debt
- $5.01B
- Total Assets
- $11.9B
- Total Liabilities
- $7.32B
- Shareholders' Equity
- $4.47B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.61B
- Capital Expenditure
- $509M
- Free Cash Flow
- $1.10B
Dividends and risk
Last 12 months- Dividend Yield
- 1.2%
- Dividend / Share
- $2.18
- Beta (5Y)
- 1.34
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 10.9% year over year, at $6.59B.
Note
Net margin of 11.3% over the last 12 months.
Note
Net debt of $5.01B is 2.5× EBITDA.
Strength
Turns 16.7% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Sep 30, 2026 · filed Oct 20, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K61Nothing notable
61Nothing notable
10-K for the fiscal year ended Dec 31, 2025
Filed Feb 19, 2026 · Read the filing on EDGAR
- Revenue rose 7% to $6,074.5 million, operating income rose 5% to $1,095.2 million, and net profit rose 9% to $660.3 million.
- Equifax restarted buybacks with a new $3 billion authorization, buying $927.4 million of stock in 2025, and raised its quarterly dividend to $0.50.
- Operating cash flow rose to $1,615.7 million, while operating margin slipped to 18.0% on higher data, royalty and software amortization costs.
- Management expects 2026 US mortgage credit activity slightly below 2025, and says Asia Pacific goodwill is at risk of future impairment.
Business momentum
Improving
“Revenue for 2025 increased 7% compared to 2024 due to revenue growth in all three business units.”
Outlook
Cautious
“We expect U.S. mortgage credit activity in 2026 to be slightly below the levels of activity seen in 2025.”
Financial stress
Low
“We continue to generate substantial cash from operating activities, remain in a strong financial position and manage our capital structure to meet short- and long-term objectives”
Tone against the previous report
About the same
Red flags
- Minor
Major lawsuit
“an accrual for a settlement associated with the resolution of four related class action lawsuits”
Positives
All three business units grew revenue
“Revenue for 2025 increased 7% compared to 2024 due to revenue growth in all three business units.”
Stronger operating cash flow
“Cash provided by operating activities for 2025 increased $291.2 million compared to 2024”
Larger returns to shareholders
“We repurchased 4,006,173 shares of our common stock on the open market for $927.4 million, excluding brokerage commissions and excise taxes of $8.4 million, during the twelve months ended December 31, 2025.”
Concerns
Mortgage growth relies on price, not volume
“The growth in mortgage related services is primarily due to product pricing, partially offset by lower mortgage credit inquiry volumes in the current year compared to the prior year.”
Operating margin slipped on higher costs
“Total company operating margin decreased by 0.3 percentage points in 2025 versus 2024”
CFPB Workforce Solutions investigation remains open
“At this time, we are unable to predict the outcome of the CFPB's investigation, including whether the investigation will result in any actions or proceedings against us.”
New risks since the previous report
Possible Asia Pacific goodwill write-down
“Given the relatively smaller excess of fair value over carrying value for the Asia Pacific reporting unit, we believe that it is at risk of a possible future goodwill impairment.”
Federal spending cuts on vendor contracts
“The U.S. federal government has taken steps to reduce spending on vendor contracts, which could negatively impact the continuation, renewal or negotiation of our contracts with the federal government.”
Rule changes to the three-bureau mortgage credit report
“this information and/or regulatory changes that impact the use of the tri-bureau credit report in the U.S. mortgage market may affect our revenue or profitability.”
Free or cheap data sources, including AI-based ones
“Public or commercial sources of free or relatively inexpensive consumer credit, credit score and other information have become increasingly available, including sources that utilize artificial intelligence or machine learning, and this trend is expected to continue.”
Biggest risks named
- Further security breaches and resulting liability
- US mortgage market decline and interest rates
- CFPB enforcement, antitrust suits and tighter privacy and AI rules
- Loss of key data sources, customers or government contracts
- Competition, including free data and AI-based alternatives
Artificial intelligence in this business: Material to the business
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | −2 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | −1.2 | |
| New risks | −2 | |
| Score | 61 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 20, 2026 | Pro | |||
| 10-K | Feb 19, 2026 | 61 | Improving | 1 minor | |
| 10-K | Feb 20, 2025 | 63 | Improving | 1 minor | |
| 10-K | Feb 22, 2024 | 49 | Mixed | 1 medium1 minor | |
| 10-K | Feb 23, 2023 | 49 | Mixed | 1 medium | |
| 10-K | Feb 24, 2022 | 67 | Strong improvement | 1 medium | |
| 10-K | Feb 25, 2021 | 67 | Strong improvement | 1 medium | |
| 10-K | Feb 20, 2020 | 29 | Sharp deterioration | 1 medium | |
| 10-K | Feb 21, 2019 | 29 | Sharp deterioration | 4 medium | |
| 10-K | Mar 1, 2018 | 47 | Improving | 1 serious3 medium1 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Sep 30, 2026), filed Oct 20, 2026. View filings on SEC EDGAR