Equifax said consolidated revenue for 2024 increased 8% compared to 2023, with revenue growth across USIS, International and Workforce Solutions. The company explained that foreign exchange rate fluctuations decreased revenue by $105.5 million, or 2%.

10-KAnnual reportFiled Feb 20, 2025Period of report Dec 31, 2024Summary published (UTC) Oct 11, 2026

Key points

AI summary

Equifax said consolidated revenue for 2024 increased 8% compared to 2023, with revenue growth across USIS, International and Workforce Solutions. The company explained that foreign exchange rate fluctuations decreased revenue by $105.5 million, or 2%.
Equifax said USIS revenue for 2024 increased 10% compared to 2023, and Mortgage Solutions revenue increased 31%. The company cited product pricing and new products as factors in the Mortgage Solutions increase, and reported USIS operating margin of 21.4% for 2024 and 21.2% for 2023.
Equifax said Workforce Solutions revenue for 2024 increased 5% compared to 2023, with Verification Services revenue up 10% and Employer Services revenue down 12%. The company cited lower Employee Retention Credit revenue and declines in I-9 and onboarding services as factors in the Employer Services decrease.
Equifax said it issued $650.0 million of 4.8% Senior Notes due 2029 in August 2024, and used the net proceeds for general corporate purposes including repayment of its Term Loan. As of December 31, 2024, the company had $1,212.1 million available to borrow under its Revolver and no borrowings outstanding under the Revolver.

Key figures

Fiscal year ended December 31, 2024

Revenue: $5.7B
Operating income: $1.0B
Net income: $604M
EPS: $4.84
Operating cash flow: $1.3B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

2024 consolidated revenue up 8%, foreign exchange impact $105.5 million decrease

Equifax said consolidated revenue for 2024 increased 8% compared to 2023, with revenue growth across USIS, International and Workforce Solutions. The company explained that foreign exchange rate fluctuations decreased revenue by $105.5 million, or 2%.

Source · Based on the MD&A text of the filing

USIS revenue up 10%, Mortgage Solutions up 31%

Equifax said USIS revenue for 2024 increased 10% compared to 2023, and Mortgage Solutions revenue increased 31%. The company cited product pricing and new products as factors in the Mortgage Solutions increase, and reported USIS operating margin of 21.4% for 2024 and 21.2% for 2023.

Source · Based on the MD&A text of the filing

Workforce Solutions revenue up 5%, Employer Services down 12%

Equifax said Workforce Solutions revenue for 2024 increased 5% compared to 2023, with Verification Services revenue up 10% and Employer Services revenue down 12%. The company cited lower Employee Retention Credit revenue and declines in I-9 and onboarding services as factors in the Employer Services decrease.

Source · Based on the MD&A text of the filing

$650.0 million 4.8% Senior Notes issued, Revolver availability $1,212.1 million

Equifax said it issued $650.0 million of 4.8% Senior Notes due 2029 in August 2024, and used the net proceeds for general corporate purposes including repayment of its Term Loan. As of December 31, 2024, the company had $1,212.1 million available to borrow under its Revolver and no borrowings outstanding under the Revolver.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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