Equifax quarterly profit rises on more credit and income checks

Equifax

21/10/2025 13:14

Oct 21 (Reuters) - Credit bureau Equifax EFX.N reported a rise in third-quarter profit on Tuesday, as strength in consumer lending drove higher demand for credit checks and income verification services.

The U.S. Federal Reserve's first interest rate cut of the year in September and expectations of further easing later in 2025 have fueled hopes of lower mortgage rates.

This drove up interest from homebuyers and, in turn, increased the demand for credit-checks and income-verification data — key revenue streams for Equifax's workforce solutions unit. The unit accounted for over 40% of total revenue.

Shares of the company, which have lost 9.3% YTD, rose 1.25% in trading before the bell.

The Atlanta, Georgia-based Equifax's revenue grew 7% to $1.55 billion in the third quarter, driven by strong growth in U.S. mortgage revenue.

Revenue from its workforce solutions unit, the company's largest operating segment, increased by 5% to reach $649.4 million.

Its verification services revenue rose 5% to $553.6 million, while revenue from its employer services was up 1%.

On an adjusted basis, Equifax earned $252.9 million, or $2.04 per share, in the three months ended September 30, compared to $231.8 million or $1.85 per share, in the year earlier.

Earlier this month, U.S. data analytics company Fair Isaac unveiled a program that lets mortgage resellers calculate and distribute its credit scores directly to consumers.

 (Reporting by Prakhar Srivastava in Bengaluru; Editing by Sahal Muhammed)

 ((Prakhar.srivastava2@thomsonreuters.com;))