TransUnion (TRU) financial statements
TransUnion reported revenue of $4.6B in fiscal 2025, up 11.6% a year over 9 years.
Net income was $455M and the operating margin 18.7%, against 17.6% in 2016.
Free cash flow was $662M, and the company returned $90M in dividends and $302M in net buybacks.
The diluted share count rose 7% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TransUnion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.9B | $2.3B | $2.5B | $2.5B | $3.0B | $3.7B | $3.8B | $4.2B | $4.6B |
| Cost of revenue | $579M | $646M | $790M | $874M | — | — | — | — | — | — |
| Gross profit | $1.1B | $1.3B | $1.5B | $1.6B | — | — | — | — | — | — |
| Selling, general and admin | $560M | $585M | $708M | $777M | $830M | $909M | $1.2B | $1.2B | $1.2B | $1.3B |
| Operating income | $300M | $465M | $512M | $542M | $500M | $652M | $626M | $128M | $667M | $858M |
| Interest expense | $86M | $88M | $138M | $174M | $126M | $113M | $231M | $288M | $265M | $236M |
| Pre-tax income | $205M | $372M | $344M | $374M | $390M | $506M | $383M | -$145M | $401M | $643M |
| Income tax | $74M | -$79M | $54M | $70M | $84M | $132M | $119M | $45M | $99M | $173M |
| Net income | $121M | $441M | $277M | $347M | $343M | $1.4B | $266M | -$206M | $284M | $455M |
| EPS (diluted) | $0.65 | $2.32 | $1.45 | $1.81 | $1.79 | $7.20 | $1.38 | -$1.07 | $1.45 | $2.32 |
| Diluted shares | 185M | 190M | 191M | 192M | 192M | 193M | 193M | 193M | 197M | 197M |
| Gross margin | 66.0% | 66.6% | 65.9% | 64.5% | — | — | — | — | — | — |
| Operating margin | 17.6% | 24.0% | 22.1% | 22.0% | 19.8% | 22.0% | 16.9% | 3.4% | 15.9% | 18.7% |
| Net margin | 7.1% | 22.8% | 11.9% | 14.1% | 13.6% | 47.0% | 7.2% | -5.4% | 6.8% | 10.0% |
Balance sheet
Fiscal years, from TransUnion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $186M | $119M | $190M | $276M | $496M | $1.8B | $588M | $479M | $682M | $856M |
| Receivables | $278M | $327M | $457M | $444M | $393M | $558M | $602M | $723M | $799M | $905M |
| Total current assets | $550M | $589M | $842M | $888M | $1.5B | $2.6B | $1.5B | $1.5B | $1.8B | $2.0B |
| Property, plant and equipment | $198M | $199M | $220M | $219M | $220M | $248M | $218M | $199M | $204M | $258M |
| Goodwill | $2.2B | $2.4B | $3.3B | $3.1B | $3.2B | $5.5B | $5.6B | $5.2B | $5.1B | $5.3B |
| Total assets | $4.8B | $5.1B | $7.0B | $7.1B | $7.3B | $12.6B | $11.7B | $11.1B | $11.0B | $11.1B |
| Total current liabilities | $373M | $458M | $548M | $571M | $670M | $1.4B | $906M | $1.0B | $1.1B | $1.2B |
| Long-term debt | $2.3B | $2.3B | $4.0B | $3.6B | $3.4B | $6.3B | $5.6B | $5.3B | $5.1B | $4.9B |
| Total liabilities | $3.3B | $3.3B | $5.1B | $4.8B | $4.7B | $8.6B | $7.4B | $7.0B | $6.7B | $6.6B |
| Shareholders' equity | $1.4B | $1.7B | $1.9B | $2.2B | $2.5B | $3.9B | $4.2B | $4.0B | $4.2B | $4.4B |
| Net debt | $2.2B | $2.3B | $3.9B | $3.4B | $3.0B | $4.5B | $5.1B | $4.9B | $4.5B | $4.3B |
Cash flow
Fiscal years, from TransUnion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $390M | $466M | $556M | $777M | $788M | $808M | $297M | $645M | $832M | $988M |
| Capital spending | $124M | $135M | $180M | $188M | $206M | $224M | $298M | $311M | $316M | $326M |
| Free cash flow | $266M | $330M | $376M | $588M | $582M | $584M | -$1M | $335M | $517M | $662M |
| Stock-based compensation | $24M | $33M | $58M | $48M | $44M | $69M | $83M | $100M | $121M | $146M |
| Dividends paid | $0 | $0 | $42M | $57M | $58M | $70M | $78M | $82M | $83M | $90M |
| Share buybacks (net) | -$700,000 | -$134M | $0 | $0 | — | — | — | $0 | $0 | -$302M |
| Net borrowing | $0 | $0 | -$114M | -$389M | -$209M | — | — | — | — | — |
| Free cash flow margin | 15.6% | 17.1% | 16.2% | 23.9% | 23.0% | 19.7% | -0.0% | 8.7% | 12.4% | 14.5% |
| Dividends per share | — | — | $0.22 | $0.30 | $0.30 | $0.36 | $0.40 | $0.42 | $0.42 | $0.46 |
Questions
What was TransUnion's revenue in 2025?
$4.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does TransUnion generate?
$662M in fiscal 2025 (operating cash flow minus capital spending).
From TransUnion's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.