Strong Q2 Performance: Equifax reported record quarterly revenue of $1.54 billion for Q2 2025, representing a 7% increase year-over-year (YoY) and 8% growth in constant currency. This exceeded the midpoint of their April guidance by $27 million. Adjusted EPS was $2.00, outperforming expectations by $0.10.

Mortgage and Non-Mortgage Dynamics: Mortgage revenue grew 20% YoY, driven by strong performance in preapproval products. However, hard mortgage inquiries were down 8.5%, indicating ongoing weakness in the mortgage market. Non-mortgage revenue showed strong growth across BUs, particularly in workforce solutions and consumer lending.

2025 Guidance Holds Steady: Despite a robust first half performance, Equifax is maintaining its full-year 2025 guidance due to economic uncertainties. The midpoint of their reported revenue guidance has been increased by $35 million to approximately $6 billion, and adjusted EPS is up by $0.03 to $7.48 per share.