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Financial profile · Q3 FY2026

A growing data-services platform with durable profitability and substantial cash generation

Equifax’s multi-year record pairs expanding revenue with positive operating earnings and margins that recovered after earlier compression. Operating cash flow generally funds recurring software and platform investment while leaving positive free cash flow, though working-capital swings make cash conversion less even than earnings.

What is developing

The latest results reinforce revenue and earnings growth, while trailing free cash flow remains broadly flat despite positive quarterly cash generation. That divergence points to cash-conversion timing, rather than a demonstrated change in the profitable, cash-generative model.

What matters next

Whether trailing free cash flow resumes growth as working-capital effects normalize without a sustained rise in software spending.

USD
Metric FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
129.3m 336.4m 223.6m 401.3m 1.7B 224.7m 285.2m 216.8m 169.9m 180.8m
129.3m 336.4m 223.6m 401.3m 1.7B 224.7m 285.2m 216.8m 169.9m 180.8m
433.3m 444.8m 469.1m 532.1m 630.6m 727.6m 857.7m 908.2m 957.6m 1B
433.3m 444.8m 469.1m 532.1m 630.6m 727.6m 857.7m 908.2m 957.6m 1B
0 0 0 0 0 0 0 0 0 0
110.3m 217.2m 209.6m 276m 163.1m 168.6m 227.6m 231.3m 233.1m 218.7m
672.9m 998.4m 902.3m 1.2B 2.5B 1.1B 1.4B 1.4B 1.4B 1.4B
466.9m 567m 764.8m 947.6m 1.1B 1.3B 1.6B 1.8B 1.9B 1.9B
466.9m 567m 764.8m 947.6m 1.1B 1.3B 1.6B 1.8B 1.9B 1.9B
(317.1m) (380m) (480m) (593.2m) (774.1m) (961.3m) (1.1B) (1.2B) (1.4B) (1.7B)
1.4B 1.3B 1.2B 1.1B 1.1B 2B 1.9B 2B 1.6B 1.4B
4B 4.2B 4.1B 4.3B 4.5B 6.3B 6.4B 6.8B 6.5B 6.7B
— — — — — — — 88.9m — —
131.3m 142m 162.4m 304.2m 405.6m 353.1m 293.2m 217.3m 343.4m 347.8m
4B 4.2B 4.1B 4.3B 4.5B 6.3B 6.4B 6.8B 6.5B 6.7B
6.7B 7.2B 7.2B 7.9B 9.6B 11B 11.5B 12.3B 11.8B 11.9B
81m 110.3m 175.7m 148.3m 159.1m 211.6m 250.8m 197.6m 138.2m 206.4m
308.1m 280.3m 344.2m 319.6m 502.1m 495.4m 367.7m 413.8m 466.9m 562.4m
0 562.6m 0 0 0 0 0 0 0 762m
585.4m 402.7m 4.9m 3.1m 1.1B 824.8m 967.2m 963.4m 687.7m 276m
285.1m 317.6m 302m 888.1m 720.8m 759.5m 429.5m 444.2m 518.7m 528.6m
110.7m 108.4m 98m 104m 108.3m 121.3m 132.9m 109.5m 115.5m 101.2m
1.3B 1.7B 826.8m 1.4B 2.5B 2.3B 2B 2B 1.8B 2.3B
2.1B 1.7B 2.6B 3.4B 3.3B 4.5B 4.8B 4.7B 4.3B 4.1B
325.4m 305.1m 316.2m 248m 332.3m 358.2m 460.3m 474.9m 351.6m 390.8m
58.6m 64.6m 47.9m 44.3m 41.9m 16.8m 16.8m 153.4m 122.7m 133.9m
270.9m 276.8m 223.9m 299.5m 308.8m 320.1m 279m 350.8m 353.9m 344.5m
4B 4.1B 4B 5.3B 6.4B 7.5B 7.6B 7.7B 7B 7.3B
236.6m 236.6m 236.6m 236.6m 236.6m 236.6m 236.6m 236.6m 236.6m 236.6m
4.2B 4.6B 4.7B 4.1B 4.2B 4.8B 5.3B 5.6B 6B 6.4B
1.3B 1.3B 1.4B 1.4B 1.5B 1.5B 1.6B 1.8B 1.9B 2B
(2.5B) (2.6B) (2.6B) (2.6B) (2.6B) (2.6B) (2.7B) (2.6B) (2.7B) (3.6B)
(528.9m) (412m) (626.3m) (631.6m) (171.4m) (295.4m) (473.7m) (431.2m) (722.7m) (517.1m)
2.7B 3.2B 3.1B 2.6B 3.2B 3.6B 4B 4.5B 4.8B 4.6B
6.7B 7.2B 7.2B 7.9B 9.6B 11B 11.5B 12.3B 11.8B 11.9B
119.9m 120.1m 120.6m 121.2m 121.8m 122.1m 122.5m 123.3m 124m 120.4m