Equifax Inc

XMUN:EFX

Business Description

Sector

Industrials

Industry

Professional Services

Headquarters

United States of America US

Employees

15 000

IPO date

May 11, 1971

Equifax is a consumer and business credit reporting company. It collects financial and employment data, organizes that information into credit files and risk scores, and sells those reports and analytics to lenders, landlords, employers, insurers, and other businesses that need to judge credit risk or verify identity. It also serves consumers directly with credit monitoring and identity theft protection products.

The company makes money by charging customers for access to credit reports, credit scores, fraud checks, income and employment verification, and other data services. Its core role is sitting between the people and businesses that generate financial data and the institutions that need trusted information before making lending, hiring, or onboarding decisions. That makes Equifax a data utility in the credit system, not a bank or lender itself.

What sets the business apart is the built-in demand for reliable identity and credit information. Lenders and employers need this data to make decisions quickly and manage risk, and consumers need a way to track and protect their own credit profiles. Equifax’s value comes from gathering data from many sources, standardizing it, and turning it into products that customers can use in everyday decision-making.