Welcome to our dedicated page for Equifax news (Ticker: EFX), a resource for investors and traders seeking the latest updates and insights on Equifax stock.
Equifax Inc. (NYSE: EFX) is a global data, analytics, and technology company whose news flow reflects its role in credit reporting, workforce solutions, and compliance services. As one of the major U.S. credit bureaus, Equifax regularly releases updates that matter to lenders, employers, and policymakers, as well as to investors following the EFX stock.
News about Equifax often highlights new data and analytics products, such as tools that use the Equifax Cloud™ and EFX.AI™ capabilities for risk assessment, fraud prevention, and personalized credit score planning. Recent announcements include the launch of Income Qualify, which delivers income and employment insights from The Work Number® to mortgage lenders earlier in the lending process, and the introduction of Optimal Path™, an interactive score planner integrated into platforms like Kikoff.
Equifax also issues releases on workforce and employer services, including unemployment claims solutions like the Unemployment Claims Power of Attorney Manager and verification enhancements driven by acquisitions such as Vault Verify. Regulatory and risk-related news includes new Anti-Money Laundering (AML) Compliance Solutions that use AI to screen and monitor customers against sanctions and high-risk lists.
Investors tracking EFX can find announcements on quarterly dividends, participation in investor conferences, and periodic Market Pulse reports that summarize U.S. consumer credit trends using Equifax data. This news page aggregates these product launches, market insights, capital markets events, and corporate updates in one place, providing a focused view of how Equifax’s data, analytics, and cloud technology are being applied across credit, employment, and compliance use cases.
Equifax (NYSE: EFX) has announced its participation in multiple investor conferences this November. CEO Mark W. Begor will attend the J.P. Morgan 2024 Ultimate Services Conference on November 14, participating in a Fireside Chat at 1:10 p.m. ET. CFO John Gamble and SVP of Corporate Investor Relations Trevor Burns will join the RBC 2024 Global Technology Conference on November 19, with a Fireside Chat at 4:40 p.m. ET. Burns will also attend the FT Partners FinTech Conference on November 20. Livestreams of the Fireside Chats will be available on Equifax's investor relations website.
Equifax announced that CEO Mark W. Begor will extend his leadership beyond 2025. Under his tenure since 2018, the company has achieved significant growth with revenue increasing by 50% and market capitalization growing from $14 billion to $33 billion (14% CAGR). Begor has overseen a $1.5 billion Cloud-based technology transformation and invested over $4.5 billion in 25 strategic acquisitions. The company has maintained consistent innovation, launching over 100 new products annually with a Vitality Index above 10% since 2022, despite a 34% decline in the mortgage market during 2022-2023.
Equifax (NYSE: EFX) announced that its Board of Directors has declared a quarterly dividend of $0.39 per share. The dividend will be paid on December 13, 2024, to shareholders of record at the close of business on November 22, 2024. The company highlighted its track record of paying cash dividends for more than 100 consecutive years.
Equifax (NYSE: EFX) reported strong third quarter 2024 results with revenue of $1.442 billion, up 9% year-over-year. The company saw 10% non-mortgage local currency revenue growth, driven by a 19% increase in Workforce Solutions' non-mortgage Verification Services. USIS revenue grew 12%, with 36% mortgage revenue growth and 5% non-mortgage growth. International revenue increased 18% on a local currency basis.
Key highlights include:
- Workforce Solutions revenue up 7%, with 9% non-mortgage growth
- Overall U.S. Mortgage revenue up 17%
- New product Vitality Index of 13%
- 100% of new models and scores built using AI and ML
- Diluted EPS of $1.13, down 14% year-over-year
- Adjusted EPS of $1.85, up 5% year-over-year
Equifax remains confident in its long-term 8-12% revenue growth framework and expects continued strong performance in Q4 2024.
Equifax (NYSE: EFX) has expanded its partnership with Google Cloud to deliver anonymized data assets on the Google Cloud Analytics Hub. This collaboration aims to provide developers with real-time access to Equifax insights, accelerating product innovation. The partnership enables secure access, sharing, and querying of data within Google Cloud's infrastructure for informed decision-making.
Initially available datasets include:
- U.S. Consumer Credit Trends: Anonymized, time-series credit data across various loan types
- Equifax Analytic Dataset: Unbiased sample of loan-level credit data
- B2bConnect Commercial Marketing Data: Verified firmographic information on millions of businesses
This expansion is facilitated by the Equifax Cloud, driving the company towards becoming a cloud-native global data and analytics leader.
Equifax (NYSE: EFX) has announced its plans to release financial results for the third quarter ended September 30, 2024. The results will be disclosed on October 16, 2024, after the market closes. Following this, the company will host a conference call on October 17 at 8:30 a.m. Eastern Time to discuss the financial and business results for the quarter.
Senior management will lead the discussion, and related presentation materials will be available on investor.equifax.com at 6:30 a.m. ET on the same day. The conference call can be accessed via phone or webcast, with dial-in numbers provided for US/Canada and international participants. An audio replay of the call will be available on the investor website beginning October 18.
Equifax (NYSE: EFX) has launched the Merchant Data Network, a cloud-based solution aimed at enhancing visibility into U.S. small business financial profiles. This network combines Equifax's Commercial Financial Network data with aggregated credit card transaction data from providers like Fiserv, covering 5.5 million businesses and over 50 billion annual transactions.
The network aims to improve traditional commercial scoring by more than 8%, offering up to 60 months of aggregate transaction history. This data helps verify merchant income, establish payment ability, and provide insights for businesses with credit information. The solution supports faster, more informed lending decisions, potentially increasing access to capital for small businesses.
Equifax (NYSE: EFX) has announced its participation in several investor conferences in September 2024. CEO Mark W. Begor and CFO John Gamble will attend the Barclays Virtual Credit Bureau Day on September 4 and the Barclays Global Financial Services Conference on September 10. The latter includes a Fireside Chat at 10:30 A.M. ET, which will be webcast live and available for replay on the company's Investor Relations website.
Additionally, Trevor Burns, SVP of Corporate Investor Relations, will represent Equifax at the JP Morgan U.S. Allstars Conference on September 17 and the Citi Growth Conference on September 18, both in London. These events provide opportunities for investors to gain insights into Equifax's strategies and performance.
Workday (NASDAQ: WDAY) and Equifax (NYSE: EFX) have announced a strategic partnership to modernize the employment and income verification process. The collaboration will integrate Workday Payroll with Equifax's The Work Number® service, enabling faster and more efficient verifications for Workday customers' employees. This partnership aims to streamline operations, reduce costs, and improve the employee experience by simplifying the process for securing loans and government benefits.
The new Employment Verification Connector For Equifax is expected to be available to all U.S. Payroll customers in 2025, provided at no additional cost. This integration will allow for seamless, instant verifications, supporting employees in important life events such as buying their first home or applying for auto loans.
Equifax (NYSE: EFX) has announced that its Board of Directors has declared a quarterly dividend of $0.39 per share. The dividend will be payable on September 13, 2024, to shareholders of record as of the close of business on September 3, 2024. This declaration continues Equifax's impressive track record of paying cash dividends for over 100 consecutive years. The consistency in dividend payments demonstrates Equifax's commitment to providing regular returns to its shareholders and reflects the company's financial stability and long-term value creation.
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