Equifax Soars 11.01% on Strong Q1 Earnings, Cloud Migration

On April 22, 2025, Equifax's stock surged by 11.01% in pre-market trading, reflecting a strong start to the day.

Equifax reported robust financial results for the first quarter of 2025, with revenue reaching $1.442 billion, a 4% increase compared to the same period last year. This performance exceeded guidance by $37 million, driven by strong growth in key segments such as Workforce Solutions and USIS. The company's net income rose by 7% to $133.1 million, with diluted earnings per share (EPS) at $1.06.

The Board of Directors authorized a $3 billion share repurchase program to be completed over four years and increased the quarterly dividend by 28% to $0.50 per share. This move signals the company's confidence in its financial health and future prospects, despite macroeconomic uncertainties. Equifax has successfully migrated over 85% of its revenue to its cloud platform, positioning itself for continued growth and innovation.

Equifax's cloud transformation strategy is yielding tangible results, with 85% of its revenue now in the EFX Cloud. This milestone enables faster product development cycles, improved data integration, and enhanced analytical tools, positioning the company to respond more quickly to market opportunities. The company's new product Vitality Index, which measures revenue from products launched in the past three years, exceeds its long-term goal of 10%, demonstrating successful monetization of its technological investments.