Equifax Inc. (EFX) Income Statement Analysis

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Complete financial analysis of Equifax Inc. (EFX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Equifax Inc., a leading company in the Consulting Services industry within the Industrials sector.

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Equifax Inc. (EFX)

Industry: Consulting Services

Sector: Industrials

Website: https://www.equifax.com

About Equifax Inc.

Equifax Inc. provides information solutions and human resources business process automation outsourcing services for businesses, governments, and consumers. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers employment, income, criminal history, and social security number verification services, as well as payroll-based transaction, employment tax management, and identity theft protection products. The USIS segment provides consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage services; financial marketing services; identity management services; credit monitoring products; and online information, decisioning technology solutions, as well as portfolio management, mortgage reporting, and consumer credit information services. The International segment offers information service products, which include consumer and commercial services, such as credit and financial information, and credit scoring and modeling; and credit and other marketing products and services, as well as offers information, technology, and other services to support debt collections and recovery management. The company serves customers in financial services, mortgage, employers, consumer, commercial, telecommunication, retail, automotive, utility, brokerage, healthcare, and insurance industries, as well as state, federal, and local governments. It operates in the United States, Canada, Australia, New Zealand, India, the United Kingdom, Spain, Portugal, Argentina, Chile, Costa Rica, Ecuador, El Salvador, Honduras, Mexico, Paraguay, Peru, Uruguay, Brazil, the Republic of Ireland, Russia, Cambodia, Malaysia, Singapore, and the United Arab Emirates. The company was founded in 1899 and is headquartered in Atlanta, Georgia.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	5.27B	5.12B	4.92B	4.13B	3.51B	3.41B	3.36B	3.14B	2.66B	2.44B	2.30B	2.07B	1.96B	1.86B	1.82B	1.94B	1.84B	1.55B	1.44B	1.27B	1.23B	1.11B	1.14B	1.97B	1.77B	1.62B	1.37B	1.81B	1.62B	1.42B	1.22B	1.13B	1.09B	1.08B	840.30M	743.10M	670.00M	635.10M	564.30M
Cost of Revenue	2.34B	2.18B	1.98B	1.74B	1.52B	1.44B	1.21B	1.11B	887.40M	844.70M	787.30M	759.50M	768.50M	759.90M	767.80M	778.80M	752.00M	626.40M	594.20M	531.50M	512.90M	427.60M	488.70M	970.37M	907.10M	840.00M	701.90M	1.04B	961.90M	905.30M	725.50M	679.90M	658.00M	655.30M	526.30M	501.30M	448.80M	441.50M	401.10M
Gross Profit	2.93B	2.95B	2.94B	2.39B	1.99B	1.97B	2.15B	2.03B	1.78B	1.59B	1.52B	1.31B	1.19B	1.10B	1.06B	1.16B	1.09B	919.90M	849.20M	741.30M	712.50M	681.70M	650.30M	995.52M	865.60M	781.00M	664.20M	770.40M	661.10M	516.70M	491.70M	454.40M	435.80M	423.50M	314.00M	241.80M	221.20M	193.60M	163.20M
Gross Profit Ratio	55.65%	57.49%	59.77%	57.91%	56.62%	57.79%	63.99%	64.60%	66.68%	65.33%	65.83%	63.36%	60.79%	59.13%	57.92%	59.77%	59.20%	59.49%	58.83%	58.24%	58.14%	61.45%	57.09%	50.64%	48.83%	48.18%	48.62%	42.54%	40.73%	36.34%	40.40%	40.06%	39.84%	39.26%	37.37%	32.54%	33.01%	30.48%	28.92%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	1.29B	1.26B	1.25B	1.26B	1.94B	1.17B	984.50M	884.60M	819.20M	694.60M	658.30M	624.80M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	336.10M	391.32M	325.80M	311.50M	263.20M	369.80M	301.60M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	67.00M	70.10M	70.20M	59.00M	51.90M	43.10M	54.60M	63.60M	65.10M	57.10M	57.50M	48.70M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	1.39B	1.33B	1.32B	1.32B	1.99B	1.21B	1.04B	948.20M	884.30M	751.70M	715.80M	673.50M	554.80M	507.40M	490.30M	524.30M	477.10M	401.00M	345.00M	282.00M	274.60M	249.90M	336.10M	391.32M	325.80M	311.50M	263.20M	369.80M	301.60M	236.10M	317.70M	259.30M	287.30M	255.10M	204.00M	152.00M	136.40M	124.80M	106.30M
Other Expenses	610.80M	560.10M	480.40M	391.00M	331.10M	11.80M	14.80M	2.40M	6.50M	4.60M	-10.60M	6.70M	165.50M	162.20M	158.80M	155.40M	127.70M	82.80M	82.20M	81.10M	95.30M	80.50M	0.00	148.78M	125.30M	103.80M	77.10M	85.90M	77.00M	66.50M	54.90M	53.80M	55.90M	53.40M	43.00M	29.70M	26.70M	20.10M	15.20M
Operating Expenses	2.00B	1.89B	1.81B	1.71B	2.32B	1.52B	1.33B	1.21B	1.08B	953.50M	905.40M	833.50M	720.30M	669.60M	649.10M	679.70M	604.80M	483.80M	427.20M	363.10M	369.90M	330.40M	336.10M	540.10M	451.10M	415.30M	340.30M	455.70M	378.60M	302.60M	372.60M	313.10M	343.20M	308.50M	247.00M	181.70M	163.10M	144.90M	121.50M
Cost & Expenses	4.33B	4.07B	3.79B	3.45B	3.84B	2.96B	2.54B	2.33B	1.97B	1.80B	1.69B	1.59B	1.49B	1.43B	1.42B	1.46B	1.36B	1.11B	1.02B	894.60M	882.80M	758.00M	824.80M	1.51B	1.36B	1.26B	1.04B	1.50B	1.34B	1.21B	1.10B	993.00M	1.00B	963.80M	773.30M	683.00M	611.90M	586.40M	522.60M
Interest Income	0.00	183.00M	145.60M	141.60M	111.70M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	241.40M	183.00M	145.60M	141.60M	111.70M	103.50M	92.80M	92.10M	63.80M	68.60M	70.20M	55.40M	55.10M	56.10M	57.00M	71.30M	58.50M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	619.80M	560.10M	480.40M	391.00M	331.10M	310.40M	287.80M	265.40M	200.00M	204.20M	190.30M	163.40M	164.90M	167.80M	158.80M	155.40M	127.70M	82.80M	82.20M	81.10M	95.30M	80.50M	106.20M	148.78M	125.30M	103.80M	77.10M	85.90M	77.00M	66.50M	54.90M	53.80M	55.90M	53.40M	43.00M	29.70M	26.70M	20.10M	15.20M
EBITDA	1.57B	1.67B	1.58B	1.22B	29.00M	770.20M	1.01B	1.12B	914.60M	842.40M	810.80M	650.10M	625.90M	593.50M	572.40M	636.40M	610.90M	518.90M	504.20M	375.80M	438.90M	432.20M	420.40M	414.80M	539.80M	469.50M	401.00M	334.40M	285.60M	280.60M	174.00M	195.10M	148.50M	168.40M	110.00M	89.80M	84.80M	68.80M	56.90M
EBITDA Ratio	29.82%	32.82%	32.18%	29.71%	0.46%	22.73%	33.62%	34.63%	33.80%	34.76%	34.33%	31.36%	32.48%	32.15%	31.04%	32.36%	33.15%	32.51%	34.29%	32.54%	37.09%	38.31%	42.32%	30.43%	29.75%	28.70%	27.89%	21.46%	22.90%	19.10%	13.97%	16.54%	12.84%	14.58%	12.67%	11.90%	12.39%	10.53%	9.66%
Operating Income	933.60M	1.06B	1.14B	676.60M	-321.30M	448.00M	824.60M	817.90M	693.90M	638.20M	611.20M	480.00M	471.00M	430.00M	407.60M	477.20M	486.20M	436.10M	422.00M	375.80M	312.00M	351.30M	253.80M	455.42M	414.50M	365.70M	323.90M	314.70M	282.50M	214.10M	119.10M	141.30M	92.60M	115.00M	67.00M	60.10M	58.10M	48.70M	41.70M
Operating Income Ratio	17.73%	20.62%	23.11%	16.39%	-9.16%	13.13%	24.53%	26.01%	26.05%	26.19%	26.53%	23.15%	24.03%	23.12%	22.34%	24.65%	26.38%	28.20%	29.24%	29.53%	25.46%	31.67%	22.28%	23.17%	23.38%	22.56%	23.71%	17.38%	17.41%	15.06%	9.78%	12.46%	8.47%	10.66%	7.97%	8.09%	8.67%	7.67%	7.39%
Total Other Income/Expenses	-215.70M	-126.30M	-188.80M	8.60M	-78.40M	-91.70M	-85.10M	-96.90M	-57.30M	-64.00M	-80.80M	-48.70M	-62.80M	-54.80M	-51.00M	-65.10M	-61.60M	-20.20M	-31.30M	9.40M	-28.90M	-36.40M	-51.20M	76.77M	-48.60M	-38.50M	-800.00K	36.60M	-59.30M	-6.70M	-7.10M	3.40M	900.00K	-2.20M	-6.90M	-2.00M	-1.70M	-2.10M	-1.40M
Income Before Tax	717.90M	929.70M	949.20M	685.20M	-433.00M	356.30M	746.60M	728.20M	636.60M	574.20M	530.40M	431.30M	408.20M	375.20M	356.60M	405.90M	424.60M	415.90M	390.70M	385.20M	283.10M	314.90M	202.60M	385.37M	365.90M	327.20M	323.10M	303.50M	249.30M	207.40M	112.00M	144.70M	93.50M	112.80M	60.10M	58.10M	56.40M	46.60M	40.30M
Income Before Tax Ratio	13.63%	18.15%	19.28%	16.60%	-12.34%	10.44%	22.21%	23.15%	23.90%	23.57%	23.02%	20.81%	20.83%	20.18%	19.55%	20.97%	23.04%	26.90%	27.07%	30.26%	23.10%	28.39%	17.79%	19.60%	20.64%	20.19%	23.65%	16.76%	15.36%	14.59%	9.20%	12.76%	8.55%	10.46%	7.15%	7.82%	8.42%	7.34%	7.14%
Income Tax Expense	166.20M	229.50M	200.70M	159.00M	-40.20M	50.00M	148.60M	233.10M	201.80M	200.20M	188.90M	156.00M	168.00M	131.90M	116.10M	133.10M	151.90M	141.40M	144.20M	147.90M	104.60M	123.60M	85.30M	157.35M	150.00M	133.80M	137.60M	125.90M	101.60M	87.10M	48.50M	59.40M	39.40M	48.90M	24.40M	24.10M	25.80M	21.00M	17.90M
Net Income	545.30M	696.20M	744.20M	520.10M	-392.80M	299.80M	587.30M	488.80M	429.10M	367.40M	351.80M	272.10M	232.90M	266.70M	233.90M	272.80M	272.70M	274.50M	246.50M	234.70M	164.90M	178.00M	122.50M	228.02M	215.90M	193.40M	183.70M	177.60M	147.70M	120.30M	63.50M	85.30M	54.10M	63.90M	35.70M	34.00M	30.60M	25.60M	18.30M
Net Income Ratio	10.36%	13.59%	15.11%	12.60%	-11.20%	8.79%	17.47%	15.54%	16.11%	15.08%	15.27%	13.13%	11.88%	14.34%	12.82%	14.09%	14.80%	17.75%	17.08%	18.44%	13.46%	16.05%	10.76%	11.60%	12.18%	11.93%	13.45%	9.81%	9.10%	8.46%	5.22%	7.52%	4.95%	5.92%	4.25%	4.58%	4.57%	4.03%	3.24%
EPS	4.44	5.69	6.11	4.28	-3.25	2.49	4.89	4.10	3.61	3.03	2.90	2.27	1.91	2.14	1.85	2.13	2.07	2.16	1.90	1.79	1.23	1.25	0.85	1.70	1.57	1.37	1.27	1.22	0.98	0.81	0.43	0.52	0.33	0.40	0.37	0.37	0.36	0.30	0.22
EPS Diluted	4.40	5.65	6.02	4.24	-3.25	2.47	4.83	4.04	3.55	2.97	2.84	2.22	1.88	2.11	1.83	2.09	2.02	2.12	1.86	1.76	1.20	1.25	0.85	1.68	1.55	1.34	1.24	1.19	0.96	0.81	0.42	0.52	0.33	0.40	0.37	0.37	0.36	0.30	0.22
Weighted Avg Shares Out	122.90M	122.40M	121.90M	121.50M	120.90M	120.40M	120.10M	119.30M	118.70M	121.20M	121.20M	119.90M	121.90M	124.80M	126.30M	128.10M	132.00M	127.10M	129.70M	131.30M	134.50M	136.40M	136.65M	134.40M	137.50M	141.40M	144.23M	145.57M	150.71M	148.61M	147.67M	164.04M	163.94M	159.75M	96.49M	91.89M	85.00M	85.33M	83.18M
Weighted Avg Shares Out (Dil)	123.90M	123.30M	123.60M	122.80M	120.90M	121.40M	121.50M	121.10M	120.90M	123.50M	123.70M	122.50M	123.70M	126.50M	127.90M	130.40M	135.10M	129.40M	132.20M	133.50M	136.70M	136.40M	136.65M	136.00M	139.60M	144.40M	147.82M	149.24M	153.85M	148.61M	151.19M	164.04M	163.94M	159.75M	96.49M	91.89M	85.00M	85.33M	83.18M

Equifax Says 85% of Its New Models Built With AI

April 18, 2024pymnts.com

Consumer credit bureau Equifax said artificial intelligence (AI) is playing an increasing role in its operations.

Equifax Says 85% of Its New Models Built With AI

April 18, 2024pymnts.com

Consumer credit bureau Equifax said artificial intelligence (AI) is playing an increasing role in its operations.

2 Stocks Sliding Despite Upbeat Earnings

April 18, 2024schaeffersresearch.com

Earnings season has officially begun, and there's plenty of corporate reports to unpack.

Equifax (EFX) Q1 Earnings Surpass Estimates, Revenues Miss

April 18, 2024zacks.com

Equifax's (EFX) first-quarter 2024 revenues rise y/y due to improved segmental performances.

Why Equifax Stock Is Falling Today

April 18, 2024fool.com

Equifax beat on earnings but provided second-quarter and full-year guidance that underwhelmed. The company is feeling the impact of changing expectations over rate cuts.

Here's What Key Metrics Tell Us About Equifax (EFX) Q1 Earnings

April 17, 2024zacks.com

Although the revenue and EPS for Equifax (EFX) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Equifax says weaker mortgage demand is weighing on its business

April 17, 2024marketwatch.com

Shares of Equifax fell after hours on Wednesday after the credit-scoring giant reported first-quarter revenue that missed expectations and said it expected a continued drop in mortgage inquiries this year, as the housing market stalls out under high home prices...

Equifax Delivers First Quarter 2024 Revenue Growth of 7% to $1.389 Billion Amid Challenging Mortgage Market

April 17, 2024prnewswire.com

ATLANTA , April 17, 2024 /PRNewswire/ -- Equifax ® (NYSE: EFX) today announced financial results for the quarter ended March 31, 2024. First quarter 2024 revenue of $1.389 billion grew strong 7%, with 9% non-mortgage local currency revenue growth.