Equifax
EFX · NYSEServices-Consumer Credit Reporting, Collection Agencies · Fiscal year ends Dec 31
Equifax reported revenue of $6.1B in the fiscal year ended Dec 2025, up 6.9% from the year before. Operating income was $1.1B, an operating margin of 18.0%, and net income was $660M. Operating cash flow of $1.6B less capital expenditure of $481M left free cash flow of $1.1B. Net debt was $4.9B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $4.9B | $5.1B | $5.3B | $5.7B | $6.1B |
| Selling, general & admin | $1.3B | $1.3B | $1.4B | $1.5B | $1.6B |
| Operating income | $1.1B | $1.1B | $934M | $1B | $1.1B |
| Interest expense | $146M | $183M | $241M | $229M | $212M |
| Pre-tax income | $949M | $930M | $718M | $811M | $895M |
| Income tax | $201M | $230M | $166M | $203M | $231M |
| Net income | $744M | $696M | $545M | $604M | $660M |
| Diluted EPS | 6.02 | 5.65 | 4.40 | 4.84 | 5.32 |
| Diluted shares | 124M | 123M | 124M | 125M | 124M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $225M | $285M | $217M | $170M | $181M |
| Receivables | $728M | $858M | $908M | $958M | $1B |
| Current assets | $1.1B | $1.4B | $1.4B | $1.4B | $1.4B |
| Net PP&E | $1.3B | $1.6B | $1.8B | $1.9B | $1.9B |
| Goodwill | $6.3B | $6.4B | $6.8B | $6.5B | $6.7B |
| Total assets | $11B | $11.5B | $12.3B | $11.8B | $11.9B |
| Payables | $212M | $251M | $198M | $138M | $206M |
| Deferred revenue | $121M | $133M | $110M | $116M | $101M |
| Current liabilities | $2.3B | $2B | $2B | $1.8B | $2.3B |
| Short-term debt | $825M | $967M | $963M | $688M | $1B |
| Long-term debt | $4.5B | $4.8B | $4.7B | $4.3B | $4.1B |
| Total liabilities | $7.4B | $7.6B | $7.6B | $6.8B | $7.1B |
| Shareholders' equity | $3.6B | $4B | $4.5B | $4.8B | $4.6B |
| Backlog (remaining obligations) | $120M | $106M | $98M | $102M | $79M |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $1.3B | $757M | $1.1B | $1.3B | $1.6B |
| Capital expenditure | $469M | $625M | $601M | $512M | $481M |
| Free cash flow | $866M | $133M | $516M | $813M | $1.1B |
| Depreciation & amortisation | $490M | $569M | $620M | $681M | $727M |
| Stock-based compensation | $55M | $63M | $72M | $82M | $78M |
| Acquisitions | $2.9B | $434M | $284M | $0 | $74M |
| Share buybacks | $70M | $0 | $0 | $0 | $928M |
| Dividends paid | $190M | $191M | $192M | $193M | $233M |
| Dividend per share | 1.56 | 1.56 | 1.56 | 1.56 | 1.89 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 4.0% | 2.8% | 7.9% | 6.9% |
| Operating income growth (YoY) | – | −7.2% | −11.6% | 11.6% | 5.1% |
| EPS growth (YoY) | – | −6.1% | −22.1% | 10.0% | 9.9% |
| Operating margin | 23.1% | 20.6% | 17.7% | 18.3% | 18.0% |
| Net margin | 15.1% | 13.6% | 10.4% | 10.6% | 10.9% |
| Return on equityBlank when equity is negative | 20.8% | 17.6% | 12.0% | 12.6% | 14.3% |
| ROCEEBIT ÷ (assets − current liabilities) | 13.0% | 11.1% | 9.1% | 10.5% | 11.5% |
| Free cash flow margin | 17.6% | 2.6% | 9.8% | 14.3% | 18.7% |
| Cash conversion (CFO ÷ net income) | 1.79x | 1.09x | 2.05x | 2.19x | 2.45x |
| Receivable days | 54 | 61 | 63 | 62 | 61 |
| Interest cover | 7.82x | 5.77x | 3.87x | 4.55x | 5.16x |
| Debt ÷ equity | 1.48x | 1.46x | 1.26x | 1.04x | 1.11x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $5.1B | $5.5B | $5.5B | $4.8B | $4.9B |
| Current ratio | 0.49x | 0.68x | 0.67x | 0.75x | 0.60x |
Recent filings
More in Services-Consumer Credit Reporting, Collection Agencies
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.