$EFX · EQUIFAX INC
Equifax filed its 10-Q for the quarter ended September 30, 2026, reporting Q3 revenue of $1.692B (+10% YoY), diluted EPS of $1.79 (+39% from $1.29), and operating margin expansion to 21.0% from 17.1%. All three segments grew: USIS +13%, Workforce Solutions +7%, International +9%. The company repurchased $652M in shares over nine months with $1.4B remaining on its $3B authorization.
- Q3 revenue rose 10% YoY to $1.692B, with USIS up 13%, Workforce Solutions up 7%, International up 9%.
- Diluted EPS jumped 39% YoY to $1.79 from $1.29, driven by revenue growth and operating margin expansion to 21.0%.
- Operating income surged 34% to $355.3M from $264.3M; nine-month operating income reached $957.2M.
- Share count fell to 117.1M outstanding from 120.4M at year-end 2025 via $652M in buybacks over nine months.
- $1.4B remains under the $3B share repurchase authorization approved April 2025; quarterly dividend raised to $0.56.
Stock rose 11.33% in the regular session to $176.54; extended-hours trading shows no additional move. The strong beat on both revenue and earnings, combined with aggressive buybacks, drove the rally.
Equifax posted broad-based double-digit revenue growth with 390bps of operating margin expansion and aggressive capital return — a rare combination for a $20B+ data-services company.
Equifax's 10% organic-heavy revenue growth and 390bps operating margin expansion outpaces typical credit bureau peers, reflecting successful cloud migration and new product traction in Verification Services and International markets.
Mortgage market sensitivity: USIS and Workforce Solutions revenue depend on U.S. mortgage origination volumes, which are seasonal and rate-sensitive. A downturn in housing would disproportionately hit the 13% USIS growth engine. Additionally, $5.05B in long-term debt sits on the balance sheet with $
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