EFXEquifax
Equifax Inc. is a global data, analytics and technology company. 10-K, Item 1
- Employees
- 15,000
- Headquarters
- Atlanta, GA
- CEO
- Mark W. Begor
- Next results
- around Feb 3, 2027
9 paragraphs in Risk Factors of the 10-K filed Feb 19, 2026 with nothing like them in the 10-K filed Feb 20, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 81 Industrials companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
decreased revenue, net income and earnings per share and reputational loss. There can be no assurance that we would be able to obtain data from alternative sources if our current sources become unavailable.
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We remain in a period of economic uncertainty in the U.S. and the international markets in which we operate, including uncertainty regarding expectations for inflation and interest rates. Our current planning for 2026 assumes that U.S. economic activity, as measured by GDP, will grow at a rate consistent with 2025, and that economic activity in the international markets in which we operate will grow at levels below those experienced in 2025. The direction of global economies, inflation and interest rates has an impact on the demand for our services.
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this information and/or regulatory changes that impact the use of the tri-bureau credit report in the U.S. mortgage market may affect our revenue or profitability.
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In addition, a significant portion of our revenue is derived from products and services that incorporate intellectual property licensed from key business partners. Our existing license agreements have fixed terms and are subject to periodic renewal. If these agreements expire or are not renewed on acceptable terms that allow us to continue to sell these products and services as currently provided, our customers could reduce their business with us in order to obtain these products and services from our competitors or directly from our business partners, which could have a material adverse effect on our business, financial condition and results of operations.
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•data privacy, consumer protection and artificial intelligence laws and regulations;
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portion of the adverse financial effects of unfavorable movements in foreign exchange rates over the limited time the hedges are in place. Accordingly, fluctuations in foreign currency exchange rates, particularly the strengthening of the U.S. dollar against major currencies, may materially affect our consolidated financial results.
The establishment of tariffs, changes in tax policy or other restrictions on commerce or business operations by the U.S. or other countries in which we have operations could increase our costs or limit our access to certain technology or services.
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artificial intelligence and additional countries and U.S. states are expected to enact comprehensive artificial intelligence regulatory framework statutes. There are also pending legislative proposals to regulate business use and development of artificial intelligence and machine learning technologies which, if enacted, could impose new legal requirements addressing among other issues, privacy, discrimination and human rights.
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intellectual property rights. Despite our efforts to protect our intellectual property rights, others may independently develop similar products, duplicate our products or design around our intellectual property rights.
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New in the latest 10-Q
4 paragraphs in the 10-Q filed Oct 20, 2026 with nothing like them in the 10-Q filed Jul 21, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
Nine Months Ended September 30, 2026 2025 (In millions) ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Operating activities: Consolidated net income $ 571.8 $ 487.9 Adjustments to reconcile consolidated net income to net cash provided by operating activities: Depreciation and amortization 572.6 540.8 Stock-based compensation expense 74.5 63.9 Deferred income taxes 73.5 29.6 Gain on sale of equity investment — (0.8) Changes in assets and liabilities, excluding effects of acquisitions: Accounts receivable, net (91.7) (45.6) Other assets, current and long-term (95.7) (10.3) Current and long term liabilities, excluding debt 37.1 79.4 Cash provided by operating activities 1,142.1 1,144.9 Investing activities: Capital expenditures (378.9) (351.4) Cash received from divestitures — 0.8 Cash used in investing activities (378.9) (350.6) Financing activities: Net short-term payments (604.8) (204.1) Payments on long-term debt (276.4) — Proceeds from issuance of long-term debt 998.1 1.7 Treasury stock purchases (652.0) (427.4) Payment of share repurchase excise tax (8.3) — Dividends paid to Equifax shareholders (199.4) (172.0) Distributions paid to noncontrolling interests (5.6) (6.2) Proceeds from exercise of stock options and employee stock purchase plan 23.8 38.1 Payment of taxes related to settlement of equity awards (15.7) (13.6) Debt issuance costs (7.9) — Cash used in financing activities (748.2) (783.5) Effect of foreign currency exchange rates on cash and cash equivalents (2.9) 8.3 Increase in cash and cash equivalents 12.1 19.1 Cash and cash equivalents, beginning of period 180.8 169.9 Cash and cash equivalents, end of period $ 192.9 $ 189.0
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September 30, 2026 December 31, 2025 Gross Accumulated Net Gross Accumulated Net
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5.00 % and 5.65 % Senior Notes. In July 2026, we issued $ 500.0 million in aggregate principal amount of 5.00 % three-year Senior Notes due 2029 (the "2029 Notes") and $ 500.0 million in aggregate principal amount of 5.65 % seven-year Senior Notes due 2033 (the "2033 Notes") in an underwritten public offering. Interest on the 2029 Notes accrues at a rate of 5.00 % per year and interest on the 2033 Notes accrues at a rate of 5.65 % per year and is payable semi-annually in arrears on February 15 and August 15 of each year. The net proceeds of the sale of the 2029 and 2033 Notes were ultimately used for the repayment of borrowings under our CP program. We must comply with various non-financial covenants, including certain limitations on mortgages, liens and sale-leaseback transactions, as well as mergers and sales of substantially all of our assets. The 2029 and 2033 Notes are unsecured and rank equally with all of our other unsecured and unsubordinated indebtedness.
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obligations (some of which have limitations) of a certain debt collections and recovery management subsidiary under its commercial agreements.
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The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Oct 20, 2026 against Item 1A of the 10-K filed Feb 19, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:
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There have been no material changes with respect to the risk factors disclosed in our 2025 Form 10-K.
1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
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