Equifax Q3 FY2026: revenue up 10.0%, adjusted EPS $2.26, mortgage outlook cut
Equifax delivered a clean quarter — $1.6925 billion of revenue, up 10.0%, and adjusted EPS of $2.26 — then trimmed full-year revenue guidance because the U.S. mortgage market weakened late in the period. Read the scorecard as two stories running at once: a diversified data business compounding at high single digits, and a mortgage-linked slice management no longer expects to recover in 2026.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $1.79 rose 39.0% from $1.29, while adjusted EPS of $2.26 rose 11.0% and beat the $2.2204 consensus. Some of the lift is arithmetic: diluted shares fell to 118.1 million from 124.1 million, so the same profit is spread across fewer shares. Net income of $211.7 million rose 32.0%, helped by SG&A dropping to $390.4 million from $434.1 million.
Revenue of $1.6925 billion rose 10.0% from $1.5449 billion a year earlier, and 9.0% in local currency, with USIS up 13.0%, International up 9.0% and Workforce Solutions up 7.0%. Sequentially the top line went sideways — $1.7001 billion in Q2 versus $1.6925 billion now — and that flattening is what shows up in the guidance cut. Growth is real, but it is no longer accelerating.
Full-year revenue guidance was cut to a $6.646–$6.676 billion range, a $6.661 billion midpoint, and the implied Q4 midpoint of $1.62 billion means growth slows to 3.5%–5.4% from 10.0% this quarter. Full-year adjusted EPS guidance of $8.45–$8.55, midpoint $8.50, was trimmed only $0.04 at the midpoint even as revenue came down. That gap is the entire argument: management says cost cuts and AI productivity can absorb the mortgage hit.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-10-20
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