Equifax (EFX) financial statements
Equifax reported revenue of $6.1B in fiscal 2025, up 7.6% a year over 9 years.
Net income was $660M and the operating margin 18.0%, against 26.2% in 2016.
Free cash flow was $1.1B, and the company returned $233M in dividends and $928M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Equifax's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.1B | $3.4B | $3.4B | $3.5B | $4.1B | $4.9B | $5.1B | $5.3B | $5.7B | $6.1B |
| Cost of revenue | $1.1B | $1.2B | $1.4B | $1.5B | $1.7B | $2.0B | $2.2B | $2.3B | $2.5B | $2.6B |
| Gross profit | $2.0B | $2.2B | $2.0B | $2.0B | $2.4B | $2.9B | $2.9B | $2.9B | $3.2B | $3.4B |
| Selling, general and admin | $941M | $1.0B | $1.2B | $2.0B | $1.3B | $1.3B | $1.3B | $1.4B | $1.5B | $1.6B |
| Operating income | $825M | $832M | $448M | -$335M | $677M | $1.1B | $1.1B | $934M | $1.0B | $1.1B |
| Interest expense | $92M | $93M | $104M | $112M | $142M | $146M | $183M | $241M | $229M | $212M |
| Pre-tax income | $728M | $747M | $370M | -$414M | $685M | $949M | $930M | $718M | $810M | $895M |
| Income tax | $233M | $149M | $53M | -$36M | $159M | $201M | $230M | $166M | $203M | $231M |
| Net income | $489M | $587M | $310M | -$384M | $520M | $744M | $696M | $545M | $604M | $660M |
| EPS (diluted) | $4.04 | $4.83 | $2.56 | -$3.15 | $4.24 | $6.02 | $5.65 | $4.40 | $4.84 | $5.32 |
| Diluted shares | 121M | 122M | 121M | 122M | 123M | 124M | 123M | 124M | 125M | 124M |
| Gross margin | 64.6% | 64.0% | 57.8% | 56.6% | 57.9% | 59.8% | 57.5% | 55.7% | 55.7% | 56.4% |
| Operating margin | 26.2% | 24.7% | 13.1% | -9.6% | 16.4% | 23.1% | 20.6% | 17.7% | 18.3% | 18.0% |
| Net margin | 15.5% | 17.5% | 9.1% | -11.0% | 12.6% | 15.1% | 13.6% | 10.4% | 10.6% | 10.9% |
Balance sheet
Fiscal years, from Equifax's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $129M | $336M | $224M | $401M | $1.7B | $225M | $285M | $217M | $170M | $181M |
| Receivables | $433M | $445M | $469M | $532M | $631M | $728M | $858M | $908M | $958M | $1.0B |
| Total current assets | $673M | $998M | $902M | $1.2B | $2.5B | $1.1B | $1.4B | $1.4B | $1.4B | $1.4B |
| Property, plant and equipment | $467M | $567M | $765M | $948M | $1.1B | $1.3B | $1.6B | $1.8B | $1.9B | $1.9B |
| Goodwill | $4.0B | $4.2B | $4.1B | $4.3B | $4.5B | $6.3B | $6.4B | $6.8B | $6.5B | $6.7B |
| Total assets | $6.7B | $7.2B | $7.2B | $7.9B | $9.6B | $11.0B | $11.5B | $12.3B | $11.8B | $11.9B |
| Total current liabilities | $1.3B | $1.7B | $827M | $1.4B | $2.5B | $2.3B | $2.0B | $2.0B | $1.8B | $2.3B |
| Long-term debt | $2.1B | $1.7B | $2.6B | $3.4B | $3.3B | $4.5B | $4.8B | $4.7B | $4.3B | $4.1B |
| Total liabilities | $3.9B | $4.0B | $4.0B | $5.3B | $6.4B | $7.4B | $7.6B | $7.6B | $6.8B | $7.1B |
| Shareholders' equity | $2.7B | $3.2B | $3.1B | $2.6B | $3.2B | $3.6B | $4.0B | $4.5B | $4.8B | $4.6B |
| Net debt | $2.5B | $2.4B | $2.4B | $3.0B | $2.7B | $5.1B | $5.5B | $5.5B | $4.8B | $4.9B |
Cash flow
Fiscal years, from Equifax's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $823M | $816M | $672M | $314M | $946M | $1.3B | $757M | $1.1B | $1.3B | $1.6B |
| Capital spending | $174M | $218M | $322M | $400M | $421M | $469M | $624M | $601M | $512M | $481M |
| Free cash flow | $650M | $598M | $350M | -$86M | $525M | $866M | $133M | $516M | $813M | $1.1B |
| Stock-based compensation | $37M | $38M | $42M | $50M | $55M | $55M | $63M | $72M | $82M | $78M |
| Dividends paid | $158M | $187M | $188M | $189M | $190M | $190M | $191M | $192M | $193M | $233M |
| Share buybacks (net) | $0 | -$77M | $0 | $0 | $0 | -$70M | $0 | $0 | $0 | -$928M |
| Net borrowing | $1.3B | $30M | -$65M | $748M | $998M | $920M | $492M | -$78M | -$705M | $76M |
| Free cash flow margin | 20.7% | 17.8% | 10.3% | -2.4% | 12.7% | 17.6% | 2.6% | 9.8% | 14.3% | 18.7% |
| Dividends per share | $1.30 | $1.54 | $1.55 | $1.55 | $1.54 | $1.54 | $1.55 | $1.55 | $1.55 | $1.88 |
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Open EFX in InvestinglyQuestions
What was Equifax's revenue in 2025?
$6.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Equifax generate?
$1.1B in fiscal 2025 (operating cash flow minus capital spending).
From Equifax's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.