EFXEquifax

Industrials · Credit Bureaus · NYSE

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

The biggest changes in the 10-K filed 2026-02-19, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Cash from operations

+22.0% Big change FY to 2025-12-31 vs 2024-12-31

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Net income

+9.3% FY to 2025-12-31 vs 2024-12-31

“The increase in other income, net in 2025 is primarily due to a decrease in pension expense and other non-operating expenses in 2025 as compared to 2024.”
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“Our effective tax rate is higher for the year ended December 31, 2025 compared to 2024 primarily due to less favorable discrete tax benefits in the current period.”
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Revenue

+6.9% FY to 2025-12-31 vs 2024-12-31

“Revenue generated from the Employer Services business unit within the Workforce Solutions operating segment is generally higher in the first quarter due primarily to the provision of 1095-C services that occur in the first quarter each year.”
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“Revenue for 2025 increased 7% compared to 2024 due to revenue growth in all three business units.”
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Operating margin

18.3% → 18.0% (-0.3 pts) FY to 2025-12-31 vs 2024-12-31

“The increase in operating expenses is partially offset by higher reported revenue.”
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“USIS operating margin increased to 22.9% in 2025 compared to 21.4% in 2024 due to the aforementioned increase in revenue, partially offset by an increase in operating expenses primarily due to an increase in mortgage related royalty costs.”
Read it in the 10-K ↗

Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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