$EFX · EQUIFAX INC

Equifax reported Q3 2026 revenue of $1.693 billion, up 10% reported and 9% local currency, with net income of $211.7 million (diluted EPS $1.79, +39% YoY). Adjusted EPS was $2.26, up 11%. The company cut full-year 2026 revenue guidance to a $6.661 billion midpoint, citing a significantly weaker U.S. mortgage market in the latter half of Q3, but trimmed Adjusted EPS guidance by only $0.04 to $8.50 at the midpoint — within the prior range — due to AI-driven cost efficiencies and expense management.

Extended-hours trading shows EFX at $163.99, +3.42% vs regular close of $158.57, suggesting the market is rewarding the EPS resilience despite the revenue guide-down. The $0.04 EPS trim at midpoint landed within prior guidance range, which may be viewed as better-than-feared.

Equifax is proving its diversified business model can absorb a mortgage downturn — revenue guide cut but EPS nearly intact, a resilience signal that matters for all credit-bureau peers.

Equifax's diversified-mix strategy is insulating earnings from mortgage cyclicality — Diversified Markets grew 8% with record 17% new-product Vitality Index. Peer credit bureaus face the same mortgage headwind, but EFX's AI-driven cost efficiencies are preserving margin and EPS.

U.S. mortgage market weakness expected to persist through year-end 2026 as mortgage rates rose substantially in the latter half of Q3. Workforce Solutions Mortgage revenue was flat and the company explicitly ties the guidance cut to this headwind. Forward-looking statements flag interest rate, macro