[{"_1":2,"_3":-5,"_4":-5},"loaderData",{"_5":6,"_7":8},"actionData","errors","root",{"_97":98},"en-item",{"_9":10,"_10":11},"kind","item",{"_12":13,"_14":15,"_16":17,"_18":19,"_20":21,"_22":23,"_24":25,"_26":27,"_28":29,"_30":31,"_32":31,"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":-5,"_48":49,"_50":-5,"_51":-5,"_52":53,"_54":55,"_56":57,"_58":42,"_59":42,"_60":61,"_62":42,"_63":64},"id","dyq9ngi4nsfp2nyqv129q10k9","revision",2,"title","Equifax 2026年第三季度营收16.93亿美元同比增长10%","originalTitle","EQUIFAX INC (0000033185) (Filer)","summary","Equifax Inc. 2026年第三季度营收16.93亿美元，同比增长10%；净利润2.12亿美元，同比增长32%；运营利润率21.0%。截至2026年9月30日，公司现金及现金等价物1.93亿美元，剩余约14亿美元股票回购额度。","reason","Equifax 2026年第三季度营收与利润同比增长，运营利润率维持在21%，但现金储备下降且面临法律诉讼风险，需关注其债务结构及现金流变化。","source",{"_12":88,"_89":90,"_9":91,"_92":42,"_93":94,"_95":96},"links",{"_85":86,"_77":87},"publishedAt","2026-10-20T20:17:12.000Z","discoveredAt","2026-10-21T00:22:02.916Z","timelineAt","category","ai-products","tags",[83,84],"stockSymbols",[82],"score",75,"selected",true,"channel","news","story",{"_72":73,"_16":74},"x","readingMode","full","author","language","body",{"_64":76,"_77":-5,"_78":79,"_80":81},"outline",[],"relatedStories",[75],"indexable","markdownAvailable","group",{"_65":66,"_45":67,"_68":15,"_69":70,"_71":70},"hasTranslation","bodyLanguage","zh","factId","fjqw5hMmQ91A",{"_72":73,"_16":74},"reportCount","additionalSourceCount",0,"developmentCount","publicId","22a38d8f-5cd0-4652-aced-7926481710c3","Equifax 2026 年第三季度财报发布",{"_72":73,"_16":74},"

美国

证券交易委员会

华盛顿特区 20549

表格 10-Q


(选择一项)
☒	根据《1934 年证券交易法》第 13 或 15(d) 条的季度报告

截至 2026 年 9 月 30 日的季度

或


☐	根据《1934 年证券交易法》第 13 或 15(d) 条的过渡报告

从至 .

委员会文件编号：001-06605

埃奎法克斯公司

（注册人章程中指定的全名）


佐治亚州	58-0401110
（注册地或其它司法管辖区）	（美国国税局雇主
注册或组织）	识别号码）

皮奇特里街 1550 号

西北方向

亚特兰大

佐治亚州

30309

（主要执行办公室地址）

（邮政编码）

404-885-8000

（注册人的电话号码，包括地区代码）

根据《法案》第 12(b) 条注册的证券：

每类证券的名称

交易符号

每种证券的注册交易所名称

面值为每股 1.25 美元的普通股

EFX

纽约证券交易所

确认是否已根据《证券交易法》第 13 或 15(d) 条在前 12 个月内（或注册人需提交此类报告的较短期间）提交了所有应提交的报告，并且（2）在过去 90 天内已受此类提交要求约束。是 ☒ 否 ☐

确认是否已根据《S-T 规则》第 405 条在前 12 个月内（或注册人需提交此类文件的较短期间）提交了所有应提交的交互式数据文件。是 ☒ 否 ☐

确认是否注册人为大型加速提交者、加速提交者、非加速提交者或较小报告公司。请参见《交易法》第 12b-2 条中“大型加速提交者”、“加速提交者”和“较小报告公司”的定义。（选择一项）：

大型加速提交者

加速提交者

非加速提交者

较小报告公司

新兴成长公司

☒

☐

如果为新兴成长公司，请确认是否已根据《交易法》第 13(a) 条规定的新或修订的财务会计标准，选择不使用延长的过渡期来遵守。

用复选标记表明注册人是否为壳公司（根据《交易法》第12b-2条的定义）。是 ☐ 否 ☒

2026年10月9日，注册人流通的普通股股份数量为117,017,174股。

EQUIFAX INC.

季度报告10-Q格式

截至2026年9月30日的季度

索引


		页码
第一部分。	财务信息	4
第1项。	财务报表（未审计）	4
	合并利润表—截至 9月 30日的三个月和2025年	4
	合并利润表—九个月截至 9月 30日的2026年和2025年	5
	合并综合收益（亏损）表—三个月和九个月截至 9月 30日的2026年和2025年	6

	合并资产负债表—9月 30日的2026年和2025年12月31日	7
	现金流量表—九个月 9 月 30 日止的 2026 年和 2025 年	8
	合并股东权益和累计其他综合损失表—截至 9月 30日的三个月和2025年	9

	合并股东权益和累计其他综合损失表—九个月截至 S eptember 30日的2026年和2025年	10
	合并财务报表附注（未审计）	12
第2项。	管理层讨论与分析财务状况和经营成果	25
第3项。	关于市场风险的定量和定性披露	37
第4项。	控制和程序	37
第二部分。	其他信息	38
第1项。	法律诉讼	38
第1A项。	风险因素	38
第2项。	未注册的股权证券销售和资金用途	39
第5项.	其他信息	40
第6项。	附录	40
签名		41

前瞻性声明

本报告包含可能构成“前瞻性声明”的信息。通常，词语“相信”、“期望”、“意图”、“估计”、“预期”、“预测”、“将”、“可能”以及类似表达可识别前瞻性声明，这些声明通常不是历史事实。所有涉及运营表现以及我们期望或预期将在未来发生的事件或发展情况的声明，包括与我们的战略、未来运营结果、信息技术和数据安全基础设施的改进、收购带来的预期财务和运营效益、协同效应和增长、我们使用人工智能的预期效益、Equifax及其竞争对手的产品报价的定价策略、效益和价值主张、美国抵押贷款市场环境的变化（以及美国和全球经济状况的一般变化，如利率和通货膨胀水平的变化）以及我们财务前景和业务计划的类似声明，均为前瞻性声明。管理层认为这些前瞻性声明在作出时是合理的。然而，前瞻性声明受某些风险和不确定性的制约，这些风险和不确定性可能导致实际结果与公司历史经验及我们目前的预期或预测有重大差异，包括但不限于我们对公司前景、长期有机和非有机增长以及下文“第2项管理层讨论与分析财务状况和经营成果 - 业务概览”中提到的我们业务解决方案的客户接受度的预期。这些风险和不确定性包括但不限于在2025年12月31日止年度的年度报告10-K表格的第二部分“第1A项风险因素”及其他地方所述，以及我们在未来向美国证券交易委员会（“SEC”）提交的报告中不时所述。由于这些风险和不确定性，我们敦促您不要过度依赖任何此类前瞻性声明。前瞻性声明仅反映作出时的情况。我们没有义务在出现新信息、未来事件或其他情况时，公开更新或修订任何前瞻性声明，除非法律另有要求。

第一部分. 财务信息

第1项. 财务报表（未审计）

Equifax公司

合并损益表

（未审计）


	截至 9月30日的三个月
	2026		2025
（以百万美元计，每股金额除外）
运营收入	$	1,692.5			$	1,544.9
运营费用：
服务成本（不包括以下折旧和摊销）	752.4			663.2
销售、一般及行政费用	390.4			434.1
折旧和摊销	194.4			183.3
总运营费用	1,337.2			1,280.6
运营收入	355.3			264.3
利息支出	(62.3)			(52.2)
其他净收入	3.8			3.2
税前合并收入	296.8			215.3
所得税拨备	(83.4)			(53.8)


合并净收入	213.4			161.5
减：归属于非控制性权益的净收入，包括可赎回非控制性权益	(1.7)			(1.3)

归属于Equifax的净收入	$	211.7			$	160.2




基本每股收益：


归属于埃克非公司的净利润	$	1.80			$	1.30
计算基本每股收益所用的加权平均股份数	117.3			123.1
稀释每股收益：


归属于埃克非公司的净利润	$	1.79			$	1.29
计算稀释每股收益所用的加权平均股份数	118.1			124.1
每股股息	$	0.56			$	0.50

参见合并财务报表附注。

埃克非公司

合并利润表

（未经审计）


	截至9月30日的九个月
	2026		2025
（单位：百万美元，每股金额除外）
运营收入	$	5,041.5			$	4,523.9
运营费用：
服务成本（不包括下面的折旧和摊销）	2,293.1			1,984.4
销售、一般及行政费用	1,224.0			1,193.2
折旧和摊销	567.2			535.3
总运营费用	4,084.3			3,712.9
运营收入	957.2			811.0
利息支出	(177.8)			(158.2)
其他净收入	10.1			9.2
税前合并收入	789.5			662.0
所得税拨备	(217.7)			(174.1)


合并净利润	571.8			487.9
减：归属于非控制性权益的净利润，包括可赎回非控制性权益	(4.7)			(3.4)

归属于埃克非公司的净利润	$	567.1			$	484.5




基本每股收益：


归属于埃克非公司的净利润	$	4.78			$	3.92
计算基本每股收益所用的加权平均股份数	118.6			123.7
稀释每股收益：


归属于埃克非公司的净利润	$	4.75			$	3.89
计算稀释每股收益所用的加权平均股份数	119.3			124.7
每股股息	$	1.68			$	1.39

参见合并财务报表附注。

埃克非公司

合并全面收益（亏损）表

（未经审计）


	截至9月30日的三个月
	2026		2025
	埃克非股东		非控制性权益，包括可赎回非控制性权益				总计	埃克非股东	非控制性权益，包括可赎回非控制性权益		总计
	（单位：百万美元）
净利润	$	211.7			$	1.7			$	213.4		$	160.2		$	1.3	$	161.5
其他综合收益：
外币折算调整	18.7			(0.1)				18.6		8.5		5.7		14.2
与我们的养老金和其他退休后福利计划相关的未确认前期服务成本的变动，净额	0.2			—				0.2		—		—		—


全面收益	$	230.6			$	1.6			$	232.2		$	168.7		$	7.0	$	175.7


	截至9月30日的九个月
	2026		2025
	埃克非股东		非控制性权益，包括可赎回非控制性权益				总计	埃克非股东	非控制性权益，包括可赎回非控制性权益		总计
	（单位：百万美元）
净利润	$	567.1			$	4.7			$	571.8		$	484.5		$	3.4	$	487.9
其他综合收益：
外币折算调整	75.5			8.3				83.8		171.4		17.4		188.8
与我们的养老金和其他退休后福利计划相关的未确认前期服务成本的变动，净额	0.4			—				0.4		—		—		—

全面收益	$	643.0			$	13.0			$	656.0		$	655.9		$	20.8	$	676.7

参见合并财务报表附注。

埃克非公司

合并资产负债表

（未经审计）


（单位：百万美元，面值除外）	2026年9月30日		2025年12月31日
资产
流动资产：
现金及现金等价物	$	192.9			$	180.8
应收账款，扣除坏账准备金17.9和20.2，分别于2026年9月30日和2025年12月31日	1,104.2			1,012.7
预付费用	147.5			144.2
其他流动资产	142.0			74.5
流动资产总额	1,586.6			1,412.2
物业和设备：
资本化的内部使用软件和系统成本	3,002.3			3,098.2
数据处理设备和家具	230.9			239.3
土地、建筑物和改良	297.8			299.6
物业和设备总额	3,531.0			3,637.1
减：累计折旧和摊销	(1,607.9)			(1,704.7)
物业和设备净值	1,923.1			1,932.4

商誉	6,809.4			6,745.7
无限期无形资产	94.7			94.8
购买的无形资产，净值	1,165.8			1,331.3
其他资产，净值	357.5			347.8
资产总额	$	11,937.1			$	11,864.2
负债和权益
流动负债：
短期债务和长期债务的当前到期部分	$	157.7			$	1,038.0
应付账款	115.3			206.4
应计费用	300.7			276.3
应计工资和奖金	228.6			286.1
递延收入	112.8			101.2
其他流动负债	544.7			427.4
流动负债总额	1,459.8			2,335.4
长期债务	5,049.0			4,055.3
净递延所得税负债	459.9			390.8
长期养老金和其他退休后福利负债	100.9			103.4
其他长期负债	253.4			241.1
负债总额	7,323.0			7,126.0
承诺和或有事项（见注释6）

可赎回非控制性权益	120.8			114.4
Equifax股东权益：
优先股，面值0.01美元：授权股数-10.0；已发行股数-无	—			—
普通股，面值1.25美元：授权股数-300.0；已发行股数-189.3，分别于2026年9月30日和2025年12月31日；流通股数-117.1和120.4，分别于2026年9月30日和2025年12月31日	236.6			236.6
实收资本	2,100.5			2,023.4
留存收益	6,811.9			6,445.1
其他综合损失累计额	(441.2)			(517.1)
库藏股，按成本计算，71.6股和68.3股，分别于2026年9月30日和2025年12月31日	(4,229.1)			(3,577.8)
由员工福利信托持有的股票，按成本计算，0.6股，分别于2026年9月30日和2025年12月31日	(5.9)			(5.9)

Equifax股东权益总额	4,472.8			4,604.3
非控制性权益	20.5			19.5
股东权益总额	4,493.3			4,623.8
负债、可赎回非控制性权益和股东权益总额	$	11,937.1			$	11,864.2

参见合并财务报表附注。

EQUIFAX INC.

合并现金流量表

（未经审计）


	截至2026年9月30日的九个月
	2026		2025
	（以百万美元计）
经营活动：
合并净利润	$	571.8			$	487.9
调整项目以将合并净利润调整为经营活动产生的净现金：

折旧和摊销	572.6			540.8
基于股票的薪酬费用	74.5			63.9

递延所得税	73.5			29.6
出售股权投资的收益	—			(0.8)

资产和负债的变化，排除收购的影响：
应收账款，净值	(91.7)			(45.6)
其他流动和长期资产	(95.7)			(10.3)
流动和长期负债，不包括债务	37.1			79.4
经营活动产生的现金	1,142.1			1,144.9
投资活动：
资本支出	(378.9)			(351.4)


从出售中获得的现金	—			0.8

投资活动使用的现金	(378.9)			(350.6)
融资活动：
净短期支付	(604.8)			(204.1)
长期债务支付	(276.4)			—
长期债务发行所得	998.1			1.7
库藏股购买	(652.0)			(427.4)
支付股票回购消费税	(8.3)			—
支付给Equifax股东的股息	(199.4)			(172.0)
支付给非控制性权益的分配	(5.6)			(6.2)
行权所得及员工股票购买计划	23.8			38.1
与股权奖励结算相关的税款支付	(15.7)			(13.6)


债务发行成本	(7.9)			—


融资活动使用的现金	(748.2)			(783.5)
外币汇率变动对现金及现金等价物的影响	(2.9)			8.3
现金及现金等价物的增加额	12.1			19.1
期初现金及现金等价物	180.8			169.9
期末现金及现金等价物	$	192.9			$	189.0

参见合并财务报表附注。

Equifax Inc.

合并股东权益和累计其他综合损失表

(未经审计)

截至2026年9月30日的三个月


	Equifax股东
							累计其他综合损失			由员工福利信托持有的股票		股东权益总额
	普通股
	流通股数量	金额		资本公积	留存收益			库藏股		非控制性权益
	(以百万美元为单位，除非每股金额)
2026年6月30日余额	117.6		$	236.6		$	2,082.7		$	6,666.3	$	(460.1)		$	(4,139.4)		$	(5.9)	$	18.2	$	4,398.4

净利润	—		—		—			211.7		—	—		—			2.0		213.7
其他综合收益	—		—		—			—		18.9	—		—			0.3		19.2
通过股票和福利计划发行的股票，扣除最低税款代扣	—		—		3.5			—		—	3.1		—			—		6.6
通过股票回购计划购买的库藏股，包括经纪佣金和消费税*	(0.5)		—		—			—		—	(92.8)		—			—		(92.8)
现金股息（每股0.56美元）	—		—		—			(66.1)		—	—		—			—		(66.1)
支付给员工福利信托的股息	—		—		0.3			—		—	—		—			—		0.3
股权激励费用	—		—		14.0			—		—	—		—			—		14.0








2026年9月30日余额	117.1		$	236.6		$	2,100.5		$	6,811.9	$	(441.2)		$	(4,229.1)		$	(5.9)	$	20.5	$	4,493.3

* 截至2026年9月30日，我们股票回购授权下约有14亿美元可用于未来购买普通股。

截至2025年9月30日的三个月


	Equifax股东
							累计其他综合损失			由员工福利信托持有的股票		股东权益总额
	普通股
	流通股数量	金额		资本公积	留存收益			库藏股		非控制性权益
	(以百万美元为单位，除非每股金额)
2025年6月30日余额	123.8		$	236.6		$	1,975.3		$	6,231.9	$	(559.8)		$	(2,774.6)		$	(5.9)	$	16.2	$	5,119.7
净利润	—		—		—			160.2		—	—		—			1.4		161.6
其他综合收益	—		—		—			—		8.5	—		—			1.1		9.6
通过股票和福利计划发行的股票，扣除最低税款代扣	—		—		10.4			—		—	3.0		—			—		13.4
通过股票回购计划购买的库藏股，包括经纪佣金和消费税	(1.2)		—		—			—		—	(302.8)		—			—		(302.8)
现金股息（每股0.50美元）	—		—		—			(61.8)		—	—		—			—		(61.8)
支付给员工福利信托的股息	—		—		0.3			—		—	—		—			—		0.3
股权激励费用	—		—		17.2			—		—	—		—			—		17.2






2025年9月30日余额	122.6		$	236.6		$	2,003.2		$	6,330.3	$	(551.3)		$	(3,074.4)		$	(5.9)	$	18.7	$	4,957.2

Equifax Inc.

合并股东权益和累计其他综合损失表

(未经审计)

截至2026年9月30日的九个月


	Equifax股东
							累计其他综合损失			员工福利信托持有的股票
	普通股
	流通股	金额		实收资本	留存收益			库藏股		非控制性权益	股东权益总额
	（单位为百万美元，每股金额除外）
2025年12月31日余额	120.4		$	236.6		$	2,023.4		$	6,445.1		$	(517.1)			$	(3,577.8)		$	(5.9)	$	19.5	$	4,623.8

净利润	—		—		—			567.1		—		—			—			5.3		572.4
其他综合收益	—		—		—			—		75.9		—			—			1.3		77.2
通过股票和福利计划发行的股票，扣除最低税款代扣部分	0.3		—		1.7			—		—		6.5			—			—		8.2
通过股票回购计划购买的库藏股，包括经纪佣金和消费税*	(3.6)		—		—			—		—		(657.8)			—			—		(657.8)
现金股息（每股1.68美元）	—		—		—			(200.3)		—		—			—			—		(200.3)
支付给员工福利信托的股息	—		—		0.9			—		—		—			—			—		0.9
基于股票的薪酬费用	—		—		74.5				—		—			—			—		74.5




支付给非控制性权益的股息	—		—		—			—		—		—			—			(5.6)		(5.6)



2026年9月30日余额	117.1		$	236.6		$	2,100.5		$	6,811.9		$	(441.2)			$	(4,229.1)		$	(5.9)	$	20.5	$	4,493.3

* 截至2026年9月30日，根据我们的股票回购授权，大约有14亿美元可用于未来购买普通股。

截至 2025年9月30日止的九个月


	艾奎法克斯股东
							其他综合损失累计额			员工福利信托持有的股票
	普通股
	流通股	金额		实收资本	留存收益			库藏股		非控制性权益	股东权益总额
	（单位为百万美元，每股金额除外）
2024年12月31日余额	124.0		$	236.6		$	1,915.2		$	6,018.6		$	(722.7)		$	(2,644.9)		$	(5.9)	$	17.5	$	4,814.4
净利润	—		—		—			484.5		—		—		—			3.7		488.2
其他综合收益	—		—		—			—		171.4		—		—			1.7		173.1
通过股票和福利计划发行的股票，扣除最低税款代扣部分	0.3		—		23.3			—		—		1.4		—			—		24.7
通过股票回购计划购买的库藏股，包括经纪佣金和消费税	(1.7)		—		—			—		—		(430.9)		—			—		(430.9)
现金股息（每股1.39美元）	—		—		—			(172.8)		—		—		—			—		(172.8)
支付给员工福利信托的股息	—		—		0.8			—		—		—		—			—		0.8
基于股票的薪酬费用	—		—		63.9			—		—		—		—			—		63.9


支付给非控制性权益的股息	—		—		—			—		—		—		—			(4.2)		(4.2)



2025年9月30日余额	122.6		$	236.6		$	2,003.2		$	6,330.3		$	(551.3)		$	(3,074.4)		$	(5.9)	$	18.7	$	4,957.2

其他综合损失累计额包括以下组成部分：


	2026年9月30日		2025年12月31日
	（单位为百万美元）
外币折算	$	(437.5)			$	(513.0)
与我们的养老金和其他退休后福利计划相关的未确认前期服务成本，扣除截至2026年9月30日和2025年12月31日的累计税款100万美元和110万美元。	(3.0)			(3.4)
现金流量对冲交易，扣除截至2026年9月30日和2025年12月31日的税款40万美元和50万美元。	(0.7)			(0.7)

其他综合损失累计额	$	(441.2)			$	(517.1)

参见合并财务报表附注。

艾奎法克斯公司

合并财务报表附注（未经审计）

2026年9月30日

1. 重要会计政策摘要

如本文所用，术语“艾奎法克斯”、“公司”、“我们”、“我们”和“我们的”指艾奎法克斯公司，一家佐治亚州公司及其合并子公司作为一个整体实体，除非明确指仅指艾奎法克斯公司。

业务性质。我们收集、整理和管理各种类型的财务、人口统计、就业、刑事司法数据和营销信息。我们的产品和服务使企业能够做出信用和客户服务决策，管理其投资组合风险，自动化或外包某些与薪酬相关的、税务和人力资源业务流程，并制定针对消费者和商业企业的营销策略。我们为包括金融服务、抵押贷款、零售、电信、公用事业、汽车、经纪、医疗保健和保险行业以及政府机构在内的广泛行业客户提供服务。我们还通过直接向消费者提供的产品组合，帮助消费者管理并保护其财务健康。截至2026年9月30日，我们在以下国家开展业务：阿根廷、澳大利亚、巴西、加拿大、智利、哥斯达黎加、多米尼加共和国、厄瓜多尔、萨尔瓦多、洪都拉斯、印度、爱尔兰、墨西哥、新西兰、巴拉圭、秘鲁、葡萄牙、西班牙、英国（“U.K.”）乌拉圭和美国（“U.S.”）。我们还在巴西、柬埔寨、马来西亚和新加坡通过合资企业投资于消费者和/或商业信用信息公司。

我们通过汇编消费者特定数据（包括信用、收入、就业、刑事司法、资产、流动性、净资产和消费活动）和企业数据（包括信用和企业人口统计学数据）来开发、维护和增强受保护的专有信息数据库，这些数据来自各种来源，如信用授予机构、薪资处理商，以及主要来自美国的大中型公司的收入和税务信息。我们利用专有的信息管理系统处理这些信息。我们还提供信息、技术和服务以支持债务催收和回收管理。

列报基础。未经审计的合并财务报表及附注是根据美国通用会计准则（GAAP）、10-Q表格的说明以及SEC条例S-X的相关部分编制的。应将本10-Q表格与我们截至2025年12月31日的年度报告10-K表格中的合并财务报表及附注一并阅读（“2025年10-K表格”）。

我们未经审计的合并财务报表反映了管理层认为对公允列报所必需的所有调整，且这些调整属于正常经常性性质。

每股收益。我们的基本每股收益（EPS）计算方式为归属于Equifax的净利润除以报告期间加权平均流通普通股数。稀释每股收益计算考虑了如果股票期权或其他发行普通股的合同被行使并导致额外流通普通股的潜在稀释影响。我们基本每股收益和稀释每股收益计算中使用的净利润金额相同。两种计算中使用的加权平均流通股数的调节如下：


	截至9月30日的三个月	截至9月30日的九个月
	2026	2025		2026	2025
	（以百万美元计）
基本每股加权平均股数	117.3		123.1		118.6	123.7
稀释性证券的影响：
股票期权和限制性股票单位	0.8		1.0		0.7	1.0
稀释每股加权平均股数	118.1		124.1		119.3	124.7

截至2026年9月30日的三个月和九个月期间，100万份股票期权具有反稀释性，因此未计入此计算。截至2025年9月30日的三个月和九个月期间，具有反稀释性的股票期权不重要。

金融工具。我们的金融工具主要包括现金及现金等价物、应收账款、应付账款以及短期和长期债务。除长期债务外，这些项目的账面金额由于这些工具的短期性质，近似于其公允市场价值。我们固定利率债务的公允价值通过二级输入值确定，例如公开交易工具的报价市场价，对于非公开交易工具，则根据债务工具的具体特征，通过估值技术确定，并考虑信用风险。截至2026年9月30日和2025年12月31日，基于可观察输入值的长期债务（包括当期部分）的公允价值分别为48亿美元和43亿美元，而其账面价值分别为51亿美元和44亿美元。

公允价值计量。公允价值是根据市场参与者在定价资产或负债时使用的假设确定的。我们使用三级公允价值层级，将估值技术中使用的输入值优先排序，包括在活跃市场中反映报价价格的可观察输入值、其他具有可观察市场数据的输入值以及不可观察数据（例如，公司的内部数据）。

按非经常性基础计量公允价值的资产和负债。截至2026年9月30日的九个月期间，我们未完成任何收购。

应收账款及坏账准备。应收账款按成本列示，且在一年内到期。客户的重大付款条款在合同中明确标识。我们不就贸易应收账款确认利息收入。此外，我们通常不要求客户为贸易应收账款提供担保。

坏账准备是基于管理层对未结贸易应收账款预期信用损失的估计。我们根据历史核销经验、未结应收账款的账龄分析、客户付款模式、对处于不利财务状况的客户建立特定准备金，并根据我们对可能影响未结应收账款可收回性的宏观经济状况变化的预期进行调整，来确定预期信用损失。我们在每个报告期间重新评估坏账准备的充分性。坏账准备的增加记录为坏账费用，该费用包含在附带的合并损益表中的销售、一般及行政费用中。以下是截至2026年9月30日和2025年9月30日的三个月和九个月期间，我们的坏账准备的变动情况。


	截至9月30日的三个月		截至9月30日的九个月
	2026		2025		2026		2025
	（以百万为单位）
期初坏账准备金	$	20.5			$	18.8		$	20.2	$	16.9
当期坏账费用	7.2			8.0			28.5		27.3
注销额，扣除回收额	(9.8)			(7.5)			(30.8)		(24.9)
期末坏账准备金	$	17.9			$	19.3		$	17.9	$	19.3

其他流动资产。我们合并资产负债表中的其他流动资产主要包含与之前披露的编码问题相关索赔的法律和解保险理赔款，这些款项在我们的保险范围内可报销且很可能收回。截至2026年9月30日，公司已记录了6000万美元的应收款。其他流动资产还包括应从税务机关收回的金额以及专门指定账户中的金额，这些账户持有我们债务催收和回收管理服务中应支付给客户的资金。截至2026年9月30日，这些资产为2750万美元，并有相应的其他流动负债余额。这些金额在当前使用上受到限制，并将根据具体的客户协议释放。

其他资产。我们合并资产负债表中的其他资产主要代表我们对未合并联营公司的投资、公司的经营租赁使用权资产、员工福利信托资产、涵盖公司某些高管的终身保险政策相关资产以及长期递延税资产。

其他流动负债。我们合并资产负债表中的其他流动负债包括与之前披露的编码问题相关索赔解决的法律和解准备金。截至2026年9月30日，公司已记录了1亿美元的准备金。其他流动负债还包括我们经营租赁负债的当期部分以及各种应计负债，如应计特许权使用费和收入分成费用、应计利息费用、应交所得税、应计员工福利和应计保险费用。其他流动负债还包括与专门指定账户中资金相关的其他流动资产抵消项，这些账户持有我们债务催收和回收管理服务中应支付给

客户的资金。截至2026年9月30日，这些资金为2750万美元。这些金额在当前使用上受到限制，并将根据具体的客户协议释放。

可赎回少数股东权益。作为完成收购我们在巴西业务的合并对价的一部分，我们发行了我们一家子公司的股份，从而产生了少数股东权益。我们在收购日按公允价值确认了少数股东权益。这些股份的发行具有特定权利，允许持有人在收购后的第五个周年开始的特定未来时间段内，仅在某些条件存在时，按公允价值将股份卖回给Equifax。此外，股东协议为Equifax提供了在收购后的第十年之后的未来日期按公允价值回购股份的权利，但Equifax在任何时间点都没有义务行使这一权利。

我们确定，非控制性权益股东权利符合可赎回的条件。

因此，我们在合并资产负债表中将非控制性权益归类为永久性权益以外的部分。目前，非控制性权益不可赎回，但未来很可能变得可赎回。

截至资产负债表日，可赎回非控制性权益采用赎回方法进行反映。可赎回非控制性权益的赎回价值调整在留存收益中反映。期末赎回价值调整反映为不同于公允价值的赎回价值，该调整作为归属于埃克塞拉（Equifax）股东的净利润调整项，用于每股收益的计算。本期的任何调整均未反映赎回价值超过公允价值的情况。

公司截至2026年9月30日和2025年9月30日的三个月及九个月的可赎回非控制性权益活动如下所示：


	截至9月30日的三个月		截至9月30日的九个月
可赎回非控制性权益：	2026		2025		2026		2025
	（以百万美元为单位）
期初可赎回非控制性权益	$	121.5			$	116.1		$	114.4	$	105.2

归属于可赎回非控制性权益的净损失	(0.3)			(0.1)			(0.6)		(0.3)
支付给可赎回非控制性权益的股息	—			(2.0)				(2.0)
归属于可赎回非控制性权益的外币汇率折算影响	(0.4)			4.6			7.0		15.7
期末可赎回非控制性权益	$	120.8			$	118.6		$	120.8	$	118.6

近期会计准则。中期报告（主题270）：窄范围改进。 2025年12月8日，FASB发布了ASU 2025-11，中期报告（主题270）：窄范围改进。该ASU改进了所需的中期报告要求的可导航性。该ASU并未改变中期报告的基本性质，也没有扩展或减少当前的中期披露要求。该更新通过将所有中期披露规则合并到主题270中，并建立一个新的“披露原则”来捕捉自上一份年度报告以来发生的重大事件，从而集中并澄清中期报告要求。实体必须应用一项原则，要求披露自上一个年度报告期结束以来发生的、对实体有重大影响的任何事件或变化（例如，长期合同的变化、新借款或企业合并）。本更新中的修正案适用于2027年12月15日之后开始的年度报告期间内的中期报告期间，可以前瞻性或回溯性应用。允许提前采用。我们仍在评估影响，但预计该标准的采用不会对我们的合并财务报表产生重大影响。

无形资产——商誉和其他——内部使用软件。 2025年9月18日，FASB发布了ASU 2025-06，该文件对ASC 350-40下软件成本的会计处理和披露进行了某些修订。ASU中的修订删除了Subtopic 350-40中所有关于软件开发阶段的规范性和顺序性阶段的引用。因此，当以下两种情况同时发生时，企业必须开始将软件成本资本化：(i) 管理层已授权并承诺为软件项目提供资金；(ii) 该项目很可能完成，并且软件将用于执行预期的功能（“很可能完成的确认门槛”）。在评估“很可能完成的确认门槛”时，企业必须考虑软件开发活动是否存在重大不确定性（“重大开发不确定性”）。如果存在以下任一因素，则存在重大开发不确定性：(i) 所开发的软件具有技术创新或新颖、独特或未经验证的功能或特性，且如果已识别出与这些技术创新、功能或特性相关的不确定性，

已通过编码和测试解决，或（ii）实体尚未确定软件需要执行什么（例如，功能或特性），包括实体尚未识别或仍在大幅修改软件的重要性能要求。ASU中的修订规定，附录360-10（财产、厂房和设备——总体）中的披露要求适用于所有资本化内部使用软件成本，无论这些成本在财务报表中如何呈现。此外，修订澄清了第350-30-50-1至50-3段中的无形资产披露不适用于资本化内部使用软件成本。ASU中的修订适用于所有实体在2027年12月15日之后开始的年度报告期间以及这些年度报告期间内的中期报告期间。在年度报告期间开始时可以提前采用。ASU中的修订允许实体使用以下任何一种过渡方法应用新指南：（i）前瞻性过渡方法，（ii）基于项目状态以及采用日期前软件成本是否被资本化的一种修改的过渡方法，或（iii）追溯性过渡方法。我们仍在评估采用该标准对我们的合并财务报表的影响。

企业合并与合并。2025年5月12日，FASB发布了ASU 2025-03，该文件修订了ASC 805中关于在法律被收购方为可变利益实体（\"VIE\"）的企业合并中识别会计收购方的指南。该ASU旨在提高涉及VIE的企业合并与不涉及VIE的企业合并之间的可比性。根据ASU 2025-03，主要通过交换权益工具进行的企业合并的报告实体必须考虑ASC 805-10-55-12至55-15中的因素，以确定哪个实体是会计收购方，无论法律被收购方是否为VIE。具体而言，当考虑这些因素时，报告实体可以确定法律被收购方为VIE的交易代表反向收购（在会计上，法律收购方被识别为被收购方）。因此，法律被收购方为VIE的企业合并的可比性得到了提高。ASU 2025-03适用于2026年12月15日之后开始的财年，包括这些财年内的中期期间。允许提前采用。ASU 2025-03的修正案必须在初始采用日期之后发生的任何企业合并中前瞻性应用。我们仍在评估其影响，但预计该标准的采用不会对我们的合并财务报表产生重大影响。

利润表 — 报告综合收益。2024年11月，FASB发布了ASU No. 2024-03 \"利润表费用的分解\"。该更新要求公开业务实体以表格形式，在年度和中期基础上，披露每个利润表项目中包含的存货采购、员工薪酬、折旧、无形资产摊销和消耗的金额。根据现有美国GAAP已经披露的特定费用、收益和损失也必须包含在分解后的利润表费用项目披露中，其余金额需要进行定性描述。还要求每年单独披露总销售费用以及实体对这些费用的定义。该ASU适用于公开实体，其财年自2026年12月15日之后开始的年度期间，以及自2027年12月15日之后开始的财年内的中期期间。公开实体必须前瞻性采用该ASU。然而，公开实体允许将ASU中的修正案追溯应用。我们仍在评估其对财务报表披露的影响。

2. 收入

收入确认。根据管理层内部用于评估运营部门表现和受经济因素影响的收入和现金流的性质、金额、时间和不确定性信息，我们如下分解收入：


	截至9月30日的三个月		变化		截至9月30日的九个月		变化
合并运营收入	2026		2025		$		%	2026		2025	$		%
	（以百万美元计）		（以百万美元计）
验证服务	$	603.2			$	553.6		$	49.6		9	%		$	1,782.2		$	1,622.9			$	159.3	10	%
雇主服务	90.7			95.8			(5.1)		(5)	%	300.2			307.2		(7.0)			(2)	%
总人力解决方案	693.9			649.4			44.5		7	%	2,082.4			1,930.1		152.3			8	%
在线信息服务	529.7			467.5			62.2		13	%	1,628.8			1,373.5		255.3			19	%

金融服务营销	69.4			62.7			6.7		11	%	187.5			178.1		9.4			5	%
美国总信息解决方案	599.1			530.2			68.9		13	%	1,816.3			1,551.6		264.7			17	%
拉丁美洲	114.1			102.1			12.0		12	%	325.7			295.8		29.9			10	%
欧洲	105.5			102.3			3.2		3	%	300.6			288.0		12.6			4	%
亚太地区	107.7			90.1			17.6		20	%	299.9			255.1		44.8			18	%
加拿大	72.2			70.8			1.4		2	%	216.6			203.3		13.3			7	%
国际总和	399.5			365.3			34.2		9	%	1,142.8			1,042.2		100.6			10	%
总运营收入	$	1,692.5			$	1,544.9		$	147.6		10	%		$	5,041.5		$	4,523.9			$	517.6	11	%

剩余履约义务 –我们选择仅披露预期持续时间超过一年的合同的剩余履约义务，对于我们在其中按有权开票的金额确认收入的合同，我们不披露剩余履约义务的价值。我们预计将在2026年9月30日（包括外汇影响）确认以下与我们的剩余履约义务相关的金额：


履约义务	金额
	（以百万美元计）
少于1年	$	34.8
1至3年	48.5
3至5年	34.3
之后	18.9
剩余履约义务总额	$	136.5

3. 收购与投资

在2026年9月30日止的三个月和九个月内，我们没有完成任何收购。

4. 商誉和无形资产

商誉。商誉是指企业合并中取得的净资产公允价值超过成本的部分。商誉在报告单位层面每年进行一次减值测试，并在发生事件或情况变化可能使报告单位的公允价值低于其账面价值时进行中期测试。我们每年12月1日进行商誉减值测试。

2026年9月30日止九个月的商誉金额变动如下：


	人力资源解决方案		美国信息解决方案		国际		总计

2025年12月31日余额	$	2,574.1			$	2,006.2		$	2,165.4	$	6,745.7

初始购买价格分配调整	(1.7)			—			—		(1.7)
外币折算	—			—			65.4		65.4

2026年9月30日余额	$	2,572.4			$	2,006.2		$	2,230.8	$	6,809.4

无期限无形资产。无期限无形资产包括无期限的重新获得权利，代表我们授予各种附属信用报告机构的权利价值，这些权利在美国和加拿大被重新获得。在我们收购这些协议时，根据当时的会计准则，它们被视为永久性质，因此使用寿命被认为是无限的。无期限无形资产不进行摊销。我们要求每年以及在发生事件或情况表明资产价值可能受损时对无期限无形资产进行减值测试。我们每年12月1日进行无期限无形资产减值测试。在2026年9月30日止的九个月内，我们的无期限无形资产账面价值没有发生重大变化。

购买的无形资产。购买的无形资产代表我们业务中所用的已购无形资产的估计购买日公允价值。购买的数据文件代表我们通过收购各种公司（包括美国、澳大利亚、巴西、加拿大和多米尼加共和国的欺诈和身份解决方案供应商以及独立信用报告机构）所获得的消费者和商业数据文件的估计公允价值。我们在发生此类修改和更新信用文件的费用期间将这些费用费用化。我们按直线法对所有购买的无形资产进行摊销。有关我们购买的无形资产相关使用寿命的更多信息，请参见我们在2025年10-K表中的合并财务报表附注第1节。

截至2026年9月30日和2025年12月31日，我们合并资产负债表上记录的净购买无形资产包括以下内容：


	2026年9月30日		2025年12月31日
	总额		累计摊销		净额		总额	累计摊销		净额
有限使用寿命的无形资产：	（以百万美元为单位）
购买的数据文件	$	1,157.9			$	(840.7)		$	317.2		$	1,141.2		$	(767.6)	$	373.6
客户关系	928.2			(572.1)			356.1		922.1		(523.2)		398.9

专有数据库	643.9			(236.1)			407.8		720.2		(272.6)		447.6
收购的软件和技术	212.9			(162.4)			50.5		215.9		(139.4)		76.5
商标、非竞争协议和其他无形资产	49.0			(14.8)			34.2		49.4		(14.7)		34.7

有限使用寿命的无形资产总额	$	2,991.9			$	(1,826.1)		$	1,165.8		$	3,048.8		$	(1,717.5)	$	1,331.3

与购买的无形资产相关的摊销费用在2026年9月30日和2025年9月30日止的三个月内分别为5.99亿美元和6.27亿美元。与购买的无形资产相关的摊销费用在2026年9月30日和2025年9月30日止的九个月内分别为18.32亿美元和18.75亿美元。

截至2026年9月30日，与有限使用寿命的购买无形资产相关的预计未来摊销费用如下：


截至12月31日的年度	金额
	（以百万美元为单位）
2026	$	59.2
2027	228.8
2028	167.9
2029	152.7
2030	142.0
之后	415.2
	$	1,165.8

5. 债务

截至2026年9月30日和2025年12月31日的债务余额如下：


	2026年9月30日		2025年12月31日
	（以百万美元为单位）
商业票据（\"CP\"）	$	149.0			$	762.0






票据，3.25%，2026年6月到期	—			275.0


票据，5.10%，2027年12月到期	750.0			750.0
票据，5.10%，2028年6月到期	700.0			700.0
债券，6.90%，2028年7月到期	125.0			125.0
票据，5.00%，2029年8月到期	500.0			—
票据，4.80%，2029年9月到期	650.0			650.0
票据，3.10%，2030年5月到期	600.0			600.0
票据，2.35%，2031年9月到期	1,000.0			1,000.0

票据，5.65%，2033年8月到期	500.0			—
票据，7.00%，2037年7月到期	250.0			250.0
其他	8.7			2.2
总债务	5,232.7			5,114.2
减：短期债务和当前到期部分	(157.7)			(1,038.0)
减：未摊销折扣和债务发行成本	(26.0)			(20.9)
净长期债务	$	5,049.0			$	4,055.3

5.00% 和 5.65% 优先票据。 2026 年 7 月，我们通过承销公开发行，发行了总额为 5.00% 三年期优先票据，到期日为 2029 年（“2029 年票据”），总额为 5 亿美元；以及总额为 5.65% 七年期优先票据，到期日为 2033 年（“2033 年票据”），总额为 5 亿美元。2029 年票据的利息按每年 5.00% 的利率累积，2033 年票据的利息按每年 5.65% 的利率累积，每年 2 月 15 日和 8 月 15 日按季度支付。2029 年和 2033 年票据的净收益最终用于偿还我们 CP 计划下的借款。我们必须遵守各种非财务条款，包括对抵押、留置权和售后回租交易的某些限制，以及合并和出售我们大部分资产。2029 年和 2033 年票据为无担保票据，与我们其他所有无担保和无次级债务处于同等地位。

优先信贷额度。我们可使用 20 亿美元的五年期无担保循环信贷额度（“循环额度”）。循环额度中 19 亿美元的终止日期为 2029 年 8 月 25 日；循环额度中其余 1 亿美元的终止日期为 2028 年 8 月 25 日。循环额度的可用性会因我们 CP 票据的未偿本金余额以及循环额度下发行的任何信用证而减少。截至 2026 年 9 月 30 日，未偿 CP 票据为 1.49 亿美元，未偿信用证为 130 万美元，循环额度下无未偿借款。截至 2026 年 9 月 30 日，循环额度的可用性为 18 亿美元。

商业票据计划。我们有一个 20 亿美元的商业票据计划，该计划通过不定期的商业票据私人发行建立，在此借款可能以浮动利率或固定利率加上

适用利差计息。商业票据的到期日可以从隔夜到 397 天。由于商业票据计划由我们的循环额度支持，因此根据计划发行的商业票据金额会因任何信用证的未偿面值和我们循环额度下的未偿借款而减少。截至 2026 年 9 月 30 日，未偿商业票据为 1.49 亿美元。我们在合并现金流量表中披露了截至 2026 年 9 月 30 日的九个月内的净短期借款活动。截至 2026 年 9 月 30 日和 2025 年 9 月 30 日的九个月内，没有到期日在 90 天以上且少于 365 天的商业票据借款或付款。

2026 年 6 月，我们用未偿 CP 的本金 2.75 亿美元偿还了 2016 年 5 月发行的 3.25% 优先票据。

有关我们债务协议的更多信息，请参阅我们 2025 年 10-K 表格中合并财务报表的附注第 5 条。

6. 承诺与或有事项

调查争议诉讼

艾格蒙特公司（Equifax）已被列为一起涉及消费者信用档案查询争议的四起相关集体诉讼案件的被告，这些案件正在全国范围内的联邦法院审理。2026年1月，艾格蒙特公司与提起诉讼的原告律师达成初步协议，拟在全国范围内就这些争议进行集体和解。双方已向一家联邦法院提交了和解通知，并向其他正在审理的诉讼案件提供了相同的通知。2026年8月，地区法院初步批准了该和解协议，并将最终批准听证会安排在2026年12月。如果该和解最终未获法院批准，艾格蒙特公司认为其对这些诉讼有有效的抗辩理由，并将继续进行抗辩。我们在2025年第四季度为这些事项计提了3000万美元的预计负债，这代表了我们对这些事项全球和解相关责任的最佳估计。

FCRA诉讼

On August 3, 2022, a lawsuit was filed against us in the U.S. District Court for the Northern District of Georgia alleging violations of certain sections of the Fair Credit Reporting Act (“FCRA”) in connection with a previously-disclosed coding issue which impacted how some credit scores were calculated during a three-week period. In June 2026, Equifax and the plaintiffs’ attorneys who filed the lawsuit reached an agreement in principle to settle the claims at issue on a nationwide and class-wide basis, and plaintiffs moved for settlement approval in August 2026. The district court has since preliminarily approved the settlement, and a final approval hearing has been scheduled for January 2027. If the settlement is not ultimately approved by the court, Equifax believes it has valid defenses to this action and will continue to defend against the action. We accrued an estimate of $100.0 million related to this matter in the second quarter of 2026, which represents our best estimate of the liability related to settlement of this matter, and net of an insurance receivable of $60.0 million that we recorded for this matter, resulted in a charge of $40.0 million.

Data Processing, Outsourcing Services and Other Agreements

We have separate agreements with Google and others to outsource portions of our network and security infrastructure, computer data processing operations, applications development, business continuity and recovery services, help desk service and desktop support functions, operation of our voice and data networks, maintenance and related functions and to provide certain other administrative and operational services. The agreements expire between 2026 and 2033. Annual payment obligations in regard to these agreements vary due to factors such as the volume of data processed; changes in our servicing needs as a result of new product offerings, acquisitions or divestitures; the introduction of significant new technologies; foreign currency; or the general rate of inflation. In certain circumstances (e.g., a change in control or for our convenience), we may terminate these data processing and outsourcing agreements, and, in doing so, certain of these agreements require us to pay significant termination fees.

Guarantees and General Indemnifications

We will from time to time issue standby letters of credit, performance or surety bonds or other guarantees in the normal course of business. The aggregate notional amount of all standby letters of credit, performance bonds and surety bonds is not material at September 30, 2026 and these instruments generally have a remaining maturity of one year or less. We may issue other guarantees in the ordinary course of business. The maximum potential future payments we could be required to make under the guarantees is not material at September 30, 2026. We have agreed to guarantee the liabilities and performance

obligations (some of which have limitations) of a certain debt collections and recovery management subsidiary under its commercial agreements.

Many of our commercial agreements contain commercially standard indemnification obligations related to tort, material breach or other liabilities that arise during the course of performance under the agreement. These indemnification obligations are typically mutual.

We are the lessee under many real estate leases. It is common in these commercial lease transactions for us, as the lessee, to agree to indemnify the lessor and other related third parties for tort, environmental and other liabilities that arise out of or relate to our use or occupancy of the leased premises. This type of indemnity would typically make us responsible to indemnified parties for liabilities arising out of the conduct of, among others, contractors, licensees and invitees at or in connection with the use or occupancy of the leased premises. This indemnity often extends to related liabilities arising from the negligence of the indemnified parties, but usually excludes any liabilities caused by either their sole or gross negligence and their willful misconduct.

Certain of our credit agreements include provisions which require us to make payments to preserve an expected economic return to the lenders if that economic return is diminished due to certain changes in law or regulations. In certain of these credit agreements, we also bear the risk of certain changes in tax laws that would be subject to payments to non-U.S. lenders to withholding taxes.

In conjunction with certain transactions, such as sales or purchases of operating assets or services in the ordinary course of business, or the disposition of certain assets or businesses, we sometimes provide routine indemnifications, the terms of which range in duration and sometimes are not limited.

The Company has entered into indemnification agreements with its directors and executive officers. Under these agreements, the Company has agreed to indemnify such individuals to the fullest extent permitted by law against liabilities that arise by reason of their status as directors or officers and to advance expenses incurred by such individuals in connection with the related legal proceedings. The Company maintains directors and officers liability insurance coverage to reduce its exposure to such obligations.

We cannot reasonably estimate our potential future payments under the guarantees and indemnities and related provisions described above because we cannot predict when and under what circumstances these provisions may be triggered.

Contingencies

In addition to the matters set forth above, we are involved in legal and regulatory matters, government investigations, claims and litigation arising in the ordinary course of business. We periodically assess our exposure related to these matters based on the information which is available. We have recorded accruals in our Consolidated Financial Statements for those matters in which it is probable that we have incurred a loss and the amount of the loss, or range of loss, can be reasonably estimated. For certain of these matters, it is reasonably possible that we will incur losses, however it is not possible at this time to estimate the amount of loss or range of possible losses that might result from their resolution. The Company will continue to evaluate information as it becomes known and will record an estimate for losses at the time when it is both probable that a loss has been incurred and the amount of the loss is reasonably estimable.

For additional information about these and other commitments and contingencies, see Note 6 of the Notes to Consolidated Financial Statements in our 2025 Form 10-K.

7. INCOME TAXES

Effective Tax Rate

Our effective income tax rate was 28.1% for the three months ended September 30, 2026 compared to 25.0% for the three months ended September 30, 2025. Our effective income tax rate was 27.6% for the nine months ended September 30, 2026 compared to 26.3% for the nine months ended September 30, 2025. Our effective income tax rate was higher for each comparative period in 2026 due to more favorable discrete benefits recorded in 2025, none of which were individually material.

8. ACCUMULATED OTHER COMPREHENSIVE LOSS

Changes in accumulated other comprehensive loss by component, after tax, for the nine months ended September 30, 2026 are as follows:


	Foreign currency translation adjustment		Pension and other postretirement benefit plans		Cash flow hedging transactions		Total
	(In millions)
Balance, December 31, 2025	$	(513.0)			$	(3.4)		$	(0.7)	$	(517.1)
Other comprehensive income	75.5			0.4			—		75.9


Balance, September 30, 2026	$	(437.5)			$	(3.0)		$	(0.7)	$	(441.2)

The change in accumulated other comprehensive loss related to noncontrolling interests including redeemable noncontrolling interests was an increase of $8.3 million and $17.4 million for the nine months ended September 30, 2026 and 2025, respectively, related to foreign currency translation adjustments.

9. RESTRUCTURING CHARGES

Restructuring costs consist of severance costs, contract termination and associated costs and other exit and disposal costs. Severance costs relate to a reduction in headcount, contract termination costs primarily relate to penalties for early termination of contracts and associated costs of transition and other exit and disposal costs primarily relate to real estate exit costs.

During the twelve months ended December 31, 2025, we recorded $49.9 million of restructuring charges, all of which were recorded in selling, general and administrative expenses within our Consolidated Statements of Income. These charges were recorded to general corporate expense and resulted from our continuing efforts to realign our internal resources to support the Company’s global strategic objectives and primarily relate to reductions in headcount, as well as contract terminations and associated costs, which resulted from our efforts to complete our cloud technology transformation. As of September 30, 2026, $38.8 million of the 2025 restructuring charges have been paid.

10. SEGMENT INFORMATION

Reportable Segments. We manage our business and report our financial results through the following three reportable segments, which are the same as our operating segments:

–Workforce Solutions

–U.S. Information Solutions (“USIS”)

–International

The accounting policies of the reportable segments are the same as those described in our summary of significant accounting policies in Note 1 of the Notes to Consolidated Financial Statements in our 2025 Form 10-K. We evaluate the performance of these reportable segments based on their operating revenue, operating income and operating margins, excluding any unusual or infrequent items, if any. The measurement criteria for segment profit or loss and segment assets are substantially the same for each reportable segment. Inter-segment sales, expenses and transfers are not material for all periods presented.

A summary of segment products and services is as follows:

Workforce Solutions. This segment provides services enabling customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure and sanctions of people in the U.S., as well as providing our employer customers with services that assist them in complying with and automating certain payroll-related and human resource management processes throughout the entire cycle of the employment relationship, including unemployment cost management, employee screening, employee onboarding, tax credits and incentives, I-9 management and compliance, immigration case management, tax form management services and Affordable Care Act management services.

U.S. Information Solutions. This segment includes consumer and commercial information services (such as credit information and credit scoring, credit modeling services and portfolio analytics, locate services, fraud detection and prevention services, identity verification services and other consulting services); mortgage services; financial marketing services; identity management; and credit monitoring products sold to resellers or directly to consumers.

International. We operate in the following regions: Latin America, Europe, Asia Pacific and Canada. The International segment includes information services products, which includes consumer and commercial services (such as credit and financial information, credit scoring and credit modeling services), credit and other marketing products and services. In Asia Pacific, Europe and Latin America, we also provide information, technology and services to support debt collections and recovery management. In Europe and Canada, we also provide credit monitoring products to resellers or directly to consumers.

Segment information for the three and nine months ended September 30, 2026 and 2025 are as follows:


	Three Months Ended September 30, 2026
	Workforce Solutions		U.S. Information Solutions		International		Total
	(In millions)
Operating Revenue	$	693.9			$	599.1			$	399.5	$	1,692.5

Less: (1)
Cost of services	256.7			288.7			174.5			719.9
Selling, general and administrative expenses	80.6			99.0			109.3			288.9
Depreciation and amortization expenses	50.3			66.0			52.6			168.9
Operating Income	$	306.3			$	145.4			$	63.1	$	514.8

Reconciliation of segment operating income to consolidated income before income taxes:
Unallocated amounts:
General corporate expense (2)							$	(159.5)
Other income, net							3.8
Interest expense (3)							(62.3)
Consolidated income before income taxes							$	296.8


	Three Months Ended September 30, 2025
	Workforce Solutions		U.S. Information Solutions		International		Total
	(In millions)
Operating Revenue	$	649.4			$	530.2			$	365.3	$	1,544.9

Less: (1)
Cost of services	237.9			239.8			157.4			635.1
Selling, general and administrative expenses	79.8			104.3			102.1			286.2
Depreciation and amortization expenses	47.2			62.8			48.1			158.1
Operating Income	$	284.5			$	123.3			$	57.7	$	465.5

Reconciliation of segment operating income to consolidated income before income taxes:
Unallocated amounts:
General corporate expense (2)							$	(201.2)
Other income, net							3.2
Interest expense (3)							(52.2)
Consolidated income before income taxes							$	215.3


	Nine Months Ended September 30, 2026
	Workforce Solutions		U.S. Information Solutions		International		Total
	(In millions)
Operating Revenue	$	2,082.4			$	1,816.3			$	1,142.8	$	5,041.5

Less: (1)
Cost of services	764.5			917.5			510.5			2,192.5
Selling, general and administrative expenses	238.2			304.4			330.9			873.5
Depreciation and amortization expenses	147.3			188.8			157.9			494.0
Operating Income	$	932.4			$	405.6			$	143.5	$	1,481.5

Reconciliation of segment operating income to consolidated income before income taxes:
Unallocated amounts:
General corporate expense (2)							$	(524.3)
Other income, net							10.1
Interest expense (3)							(177.8)
Consolidated income before income taxes							$	789.5


	Nine Months Ended September 30, 2025
	Workforce Solutions		U.S. Information Solutions		International		Total
	(In millions)
Operating Revenue	$	1,930.1			$	1,551.6			$	1,042.2	$	4,523.9

Less: (1)
Cost of services	703.6			706.6			481.4			1,891.6
Selling, general and administrative expenses	234.0			309.3			301.2			844.5
Depreciation and amortization expenses	136.5			188.8			137.9			463.2
Operating Income	$	856.0			$	346.9			$	121.7	$	1,324.6

Reconciliation of segment operating income to consolidated income before income taxes:
Unallocated amounts:
General corporate expense (2)							$	(513.6)
Other income, net							9.2
Interest expense (3)							(158.2)
Consolidated income before income taxes							$	662.0

(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker (\"CODM\").

(2)General corporate expenses include corporate depreciation and amortization expenses that are not related to a specific business unit and are incurred at the corporate level, as well as unallocated costs incurred at the corporate level and those expenses impacted by the overall management and strategic choices of the company, including shared services overhead, technology, security, data and analytics, administrative, legal, restructuring charges to the extent reported in the period, and a portion of management incentive compensation determined by total company-wide performance.

(3)Interest expense includes interest incurred on our outstanding debt agreements.


	September 30,		December 31,
Total assets:	2026		2025
	(in millions)
Workforce Solutions	$	4,081.6			$	4,067.6
U.S. Information Solutions	3,280.4			3,354.1
International	3,734.4			3,629.2
General Corporate	840.7			813.3
Total assets	$	11,937.1			$	11,864.2


	Three Months Ended September 30,		Nine Months Ended September 30,
Capital expenditures:	2026		2025		2026		2025
	(in millions)
Workforce Solutions	$	29.2			$	25.7		$	86.4	$	71.9
U.S. Information Solutions	27.0			25.5			78.2		76.9
International	28.3			35.8			83.4		97.4
General Corporate	42.7			38.8			125.7		102.9
Total capital expenditures*	$	127.2			$	125.8		$	373.7	$	349.1

*Amounts above include accruals for capital expenditures.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following Management’s Discussion and Analysis (“MD&A”) is intended to help the reader understand the results of operations and financial condition of Equifax Inc. MD&A is provided as a supplement to and should be read in conjunction with our consolidated financial statements and the accompanying Notes to Financial Statements in Item 1 of this Form 10-Q. This section discusses the results of our operations for the three and nine months ended September 30, 2026 compared to the three and nine months ended September 30, 2025. All percentages have been calculated using unrounded amounts for each of the periods presented.

As used herein, the terms Equifax, the Company, we, our and us refer to Equifax Inc., a Georgia corporation, and its consolidated subsidiaries as a combined entity, except where it is clear that the terms mean only Equifax Inc.

All references to earnings per share data in MD&A are to diluted earnings per share, or EPS, unless otherwise noted. Diluted EPS is calculated to reflect the potential dilution that would occur if stock options or other contracts to issue common stock were exercised and resulted in additional common shares outstanding.

BUSINESS OVERVIEW

Equifax Inc. is a global data, analytics and technology company. We provide information solutions for businesses, governments and consumers, and we provide human resources business process automation and outsourcing services for employers. We have a large and diversified group of clients, including financial institutions, corporations, government agencies and individuals. Our services are based on comprehensive databases of consumer and business information derived from numerous sources including credit, financial assets, telecommunications and utility payments, employment, income, educational history, criminal justice, healthcare professional licensure and sanctions, demographic and marketing data. We use advanced statistical techniques, artificial intelligence and machine learning, as well as proprietary software tools to analyze available data to create customized insights, decision-making and process automation solutions and processing services for our clients. We are a leading provider of information and solutions used in payroll-related and human resource management business process services in the U.S., as well as e-commerce fraud and charge back protection services in North America. For consumers, we provide products and services to help people understand, manage and protect their personal information and make more informed financial decisions. Additionally, we provide information, technology and services to support debt collections and recovery management. We report our revenue derived from sales to clients in the mortgage market as well as those in non-mortgage market verticals (including, but not limited to, government, talent, employment, fraud and other non-mortgage related services). We refer to these non-mortgage market verticals collectively as \"diversified markets.\"

We currently operate in four global regions: North America (U.S. and Canada), Latin America (Argentina, Brazil, Chile, Costa Rica, Dominican Republic, Ecuador, El Salvador, Honduras, Mexico, Paraguay, Peru and Uruguay), Europe (the U.K., Spain and Portugal) and Asia Pacific (Australia, New Zealand and India). We maintain support operations in Chile, Costa Rica, India and Ireland. We also have investments in consumer and/or commercial credit information companies through joint ventures in Brazil, Cambodia, Malaysia and Singapore.

Recent Events and Company Outlook

As further described in our 2025 Form 10-K, we operate in the U.S., which represented 77% of our revenue in 2025. Additionally, we operate internationally in 20 countries. Our products and services span a wide variety of vertical markets including financial services, mortgage, talent solutions, federal, state and local governments, automotive, telecommunications, e-commerce and many others.

Demand for our services tends to be correlated to general levels of economic activity and to consumer credit and small business commercial credit decisioning and portfolio review, marketing, identity validation and fraud protection activity, employee hiring and onboarding activity, and activity in provisioning support services in the U.S. by government agencies. Demand is also enhanced by our initiatives to expand our products, capabilities and markets served.

We remain in a period of economic uncertainty in the U.S. and our global markets, including uncertainty regarding expectations for inflation and interest rates. The direction of global economies, inflation and interest rates will have an impact on demand for our services.

Our current planning for 2026 assumes that U.S. economic activity, as measured by GDP, will grow at a rate consistent with 2025. We expect U.S. mortgage originations activity in 2026 to be below the levels of activity seen in 2025. The

U.S. mortgage market, particularly the mortgage refinance portion of the U.S. mortgage market, can be significantly impacted by U.S. interest rates which impact mortgage rates available to consumers. In the international markets in which we operate, our planning assumes that economic activity, as measured by GDP, will generally grow in 2026 at rates below those experienced in 2025. As noted above, due to the current significant economic and market volatility and uncertainty, these assumptions may change.

For more information, see “Item 1A. Risk FactorsーNegative changes in general economic conditions, including interest rates, the level of inflation, unemployment rates, income, home prices, investment values and consumer confidence, could adversely affect us,” in our 2025 Form 10-K.

Segment and Geographic Information

Segments. The Workforce Solutions segment consists of the Verification Services and Employer Services business lines. Verification Services revenue is transaction and subscription based and is derived primarily from verifications of employment and income data, as well as criminal justice data and educational background data. Employer Services revenue is derived from our provision of certain human resources business process outsourcing services that include both transaction and subscription based product offerings. These services include unemployment claims management, I-9 and onboarding services, Affordable Care Act (\"ACA\") compliance management, tax credits and incentives and other complementary employment-based transaction services.

The USIS segment consists of two service lines: Online Information Solutions and Financial Marketing Services. Online Information Solutions revenue is principally transaction-based and is derived from our sales of products such as consumer and commercial credit reporting and scoring, identity management, fraud detection, modeling services and consumer credit monitoring services. USIS also markets certain analytical and decisioning software and services which facilitate and automate a variety of consumer and commercial credit-oriented decisions. Online Information Solutions also includes our U.S. consumer credit monitoring solutions business. Financial Marketing Services revenue is principally project and subscription based and is derived from our sales of batch credit and consumer wealth information such as those that assist clients in acquiring new customers, cross-selling to existing customers and managing portfolio risk.

The International segment consists of Latin America, Europe, Asia Pacific and Canada. Canada’s services are similar to our USIS offerings. Asia Pacific, Europe and Latin America are made up of varying mixes of service lines that are generally consistent with those in our USIS reportable segment. We also provide information and technology services to support lenders and other creditors in the collections and recovery management process.

Geographic Information. We currently have operations in the following countries: Argentina, Australia, Brazil, Canada, Chile, Costa Rica, Dominican Republic, Ecuador, El Salvador, Honduras, India, Ireland, Mexico, New Zealand, Paraguay, Peru, Portugal, Spain, the U.K., Uruguay and the U.S. We also have investments in consumer and/or commercial credit information companies through joint ventures in Brazil, Cambodia, Malaysia and Singapore. Approximately 76% of our revenue was generated in the U.S. during the three months ended September 30, 2026 and 2025. Approximately 77% of our revenue was generated in the U.S. during the nine months ended September 30, 2026 and 2025.

Seasonality. We experience seasonality in certain of our revenue streams. Revenue generated by the online consumer information services component of our USIS operating segment is typically the lowest during the first quarter, when consumer lending activity is at a seasonal low. Revenue generated from the Employer Services business unit within the Workforce Solutions operating segment is generally higher in the first quarter due primarily to the provision of 1095-C services that occur in the first quarter each year. Revenue generated from our financial wealth asset products and data management services in our Financial Marketing Services business is generally higher in the fourth quarter each year due to the significant portion of our annual renewals and deliveries which occur then. Mortgage related revenue is generally higher in the second and third quarters of the year due to the increase in consumer home purchasing during the summer in the U.S. Any change in the U.S. mortgage market has a corresponding impact on revenue and operating profit for our business within the Workforce Solutions and USIS operating segments.

Key Performance Indicators. Management focuses on a variety of key indicators to monitor operating and financial performance. These performance indicators include measurements of operating revenue, change in operating revenue, operating income, operating margin, net income, diluted earnings per share, cash provided by operating activities and capital expenditures. The key performance indicators for the three and nine months ended September 30, 2026 and 2025 were as follows:


	Key Performance Indicators
	Three Months Ended September 30,		Nine Months Ended September 30,
	2026		2025		2026		2025
	(In millions, except per share data)
Operating revenue	$	1,692.5			$	1,544.9			$	5,041.5		$	4,523.9
Operating revenue change	10	%		7	%		11	%		6	%
Operating income	$	355.3			$	264.3			$	957.2		$	811.0
Operating margin	21.0	%		17.1	%		19.0	%		17.9	%
Net income attributable to Equifax	$	211.7			$	160.2			$	567.1		$	484.5
Diluted earnings per share	$	1.79			$	1.29			$	4.75		$	3.89
Cash provided by operating activities	$	560.4			$	559.9			$	1,142.1		$	1,144.9
Capital expenditures*	$	(127.2)			$	(125.8)			$	(373.7)		$	(349.1)

*Amounts include accruals for capital expenditures.

Operational and Financial Highlights

•On April 21, 2025, our Board of Directors approved an authorization to repurchase up to $3 billion of shares of common stock. During the third quarter of 2026, we repurchased 532,391 shares of our common stock on the open market for $92.0 million, excluding brokerage commissions and excise taxes of $0.8 million. During the third quarter of 2025, we repurchased 1,237,362 shares of our common stock on the open market for $300.0 million, excluding brokerage commissions and excise taxes of $2.8 million.

During the first nine months of 2026, we repurchased 3,640,019 shares of our common stock on the open market for $652.0 million, excluding brokerage commissions and excise taxes of $5.8 million. During the first nine months of 2025, we repurchased 1,716,868 shares of our common stock on the open market for $427.4 million, excluding brokerage commissions and excise taxes of $3.5 million. At September 30, 2026, approximately $1.4 billion was available for future purchases of common stock under our share repurchase authorization.

•On February 25, 2026, our Board of Directors approved an increase in our quarterly cash dividend to $0.56 per share beginning in the first quarter of 2026. We paid out $199.4 million, or $1.68 per share, in dividends to our shareholders during the first nine months of 2026.

RESULTS OF OPERATIONS—THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2026 AND 2025

Consolidated Financial Results

Operating Revenue


	Three Months Ended September 30,		Change		Nine Months Ended September 30,		Change
Consolidated Operating Revenue	2026		2025		$		%	2026		2025	$		%
	(In millions)				(In millions)
Workforce Solutions	$	693.9			$	649.4		$	44.5		7	%		$	2,082.4		$	1,930.1			$	152.3	8	%
U.S. Information Solutions	599.1			530.2			68.9		13	%	1,816.3			1,551.6		264.7			17	%
International	399.5			365.3			34.2		9	%	1,142.8			1,042.2		100.6			10	%
Consolidated operating revenue	$	1,692.5			$	1,544.9		$	147.6		10	%		$	5,041.5		$	4,523.9			$	517.6	11	%

Revenue increased by $147.6 million, or 10%, and increased by $517.6 million, or 11%, for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. Total revenue was positively impacted by foreign exchange rates, which increased revenue by $9.1 million, or 1%, and $46.3 million, or 1%, for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025.

Revenue increased for both periods due to revenue growth in USIS, Workforce Solutions and International. USIS revenue growth is primarily due to growth in mortgage and diversified markets revenue in Online Information Solutions. Workforce Solutions revenue growth is primarily due to growth in Verification Services. International revenue growth is primarily driven by growth in Asia Pacific and Latin America, as well as growth in Europe and Canada.

Operating Expenses


	Three Months Ended September 30,		Change		Nine Months Ended September 30,		Change
Consolidated Operating Expenses	2026		2025		$		%	2026		2025	$		%
	(In millions)				(In millions)
Consolidated cost of services	$	752.4			$	663.2		$	89.2		13	%		$	2,293.1		$	1,984.4			$	308.7	16	%
Consolidated selling, general and administrative expenses	390.4			434.1			(43.7)		(10)	%	1,224.0			1,193.2		30.8			3	%
Consolidated depreciation and amortization expense	194.4			183.3			11.1		6	%	567.2			535.3		31.9			6	%
Consolidated operating expenses	$	1,337.2			$	1,280.6		$	56.6		4	%		$	4,084.3		$	3,712.9			$	371.4	10	%

Cost of services increased $89.2 million and $308.7 million in the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The increase for both periods is primarily due to higher royalty and revenue share costs. The increase in the first nine months is also due to higher people costs. The impact of changes in foreign exchange rates on costs of services led to an increase of $4.2 million and $23.1 million in the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025.

Selling, general and administrative expenses decreased $43.7 million and increased $30.8 million for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The decrease for the third quarter is primarily due to a decrease in people costs, principally driven by a severance charge in the third quarter of 2025 that did not occur in the current year period, partially offset by an increase in litigation expense. The increase for the first nine months is primarily due to an increase in litigation expense, principally due to a charge for a legal settlement from the second quarter of 2026 associated with the resolution of claims related to a previously-disclosed coding issue, net of expected insurance proceeds. The increase for the first nine months is partially offset by a decrease in people costs. The impact of changes in foreign currency exchange rates led to an increase in selling, general and administrative expenses of $2.0 million and $11.7 million for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025.

Depreciation and amortization expense increased $11.1 million and $31.9 million for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The increase for both periods is primarily due to increased amortization of capitalized internal-use software costs. The impact of changes in foreign currency exchange rates led to an increase in depreciation and amortization expense of $2.0 million and $9.4 million for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025.

Operating Income and Operating Margin


	Three Months Ended September 30,		Change		Nine Months Ended September 30,	Change
Consolidated Operating Income	2026		2025		$	%		2026		2025		$		%
	(In millions)				(In millions)
Consolidated operating revenue	$	1,692.5		$	1,544.9	$	147.6			10	%		$	5,041.5		$	4,523.9		$	517.6	11	%
Consolidated operating expenses	1,337.2		1,280.6		56.6		4	%		4,084.3		3,712.9		371.4			10	%
Consolidated operating income	$	355.3		$	264.3	$	91.0			34	%		$	957.2		$	811.0		$	146.2	18	%
Consolidated operating margin	21.0	%		17.1	%			3.9	pts		19.0	%		17.9	%				1.1	pts

Total company operating margin increased by 3.9 percentage points and 1.1 percentage points in the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The increase for both periods is primarily due to the aforementioned increases in revenue, partially offset by the aforementioned increases in operating expenses. The increase in operating expenses for the third quarter is primarily due to higher royalty and revenue share costs, partially offset by a decrease in people costs. The increase in operating expenses for the first nine months is primarily due to higher royalty and revenue share costs, higher litigation expense, and higher amortization of capitalized internal-use software costs, partially offset by a decrease in people costs.

Interest Expense and Other Income, Net


	Three Months Ended September 30,		Change		Nine Months Ended September 30,	Change
Consolidated Interest Expense and Other Income, net	2026		2025		$	%		2026	2025		$		%
	(In millions)				(In millions)
Consolidated interest expense	$	(62.3)		$	(52.2)	$	(10.1)		19	%		$	(177.8)		$	(158.2)		$	(19.6)	12	%
Consolidated other income, net	3.8		3.2		0.6		19	%	10.1		9.2			0.9			10	%
Average cost of debt	4.6	%		4.3	%				4.5	%		4.3	%
Total consolidated debt, net, at quarter end	$	5,206.7		$	4,813.1	$	393.6		8	%		$	5,206.7		$	4,813.1		$	393.6	8	%

Interest expense increased by $10.1 million and $19.6 million in the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The increase for both periods is primarily due to higher weighted average debt balances, as well as higher weighted average cost of debt when compared to the same periods in 2025.

Other income, net, increased by $0.6 million and $0.9 million in the third quarter and first nine months of 2026, respectively, as compared to the same periods in 2025. The increase for both periods is primarily due to higher equity investment income, partially offset by lower interest income as compared to the same periods in 2025. The increase for the first nine months is also due to higher gains on foreign currency transactions.

Income Taxes


	Three Months Ended September 30,		Change		Nine Months Ended September 30,	Change
Consolidated Provision for Income Taxes	2026		2025		$	%		2026	2025		$		%
	(In millions)				(In millions)
Consolidated provision for income taxes	$	(83.4)		$	(53.8)		$	(29.6)		55	%		$	(217.7)	$	(174.1)	$	(43.6)	25	%
Effective income tax rate	28.1	%		25.0	%				27.6	%		26.3	%

Net Income


	Three Months Ended September 30,		Change		Nine Months Ended September 30,		Change
Consolidated Net Income	2026		2025		$		%	2026		2025	$		%
	(In millions, except per share amounts)				(In millions, except per share amounts)
Consolidated operating income	$	355.3			$	264.3		$	91.0		34	%		$	957.2		$	811.0			$	146.2	18	%
Consolidated interest expense and other income, net	(58.5)			(49.0)			(9.5)		19	%	(167.7)			(149.0)		(18.7)			13	%
Consolidated provision for income taxes	(83.4)			(53.8)			(29.6)		55	%	(217.7)			(174.1)		(43.6)			25	%
Consolidated net income	213.4			161.5			51.9		32	%	571.8			487.9		83.9			17	%

Net income attributable to noncontrolling interests including redeemable noncontrolling interests	(1.7)			(1.3)			(0.4)		31	%	(4.7)			(3.4)		(1.3)			38	%
Net income attributable to Equifax	$	211.7			$	160.2		$	51.5		32	%		$	567.1		$	484.5			$	82.6	17	%
Diluted earnings per common share:


Net income attributable to Equifax	$	1.79			$	1.29		$	0.50		39	%		$	4.75		$	3.89			$	0.86	22	%
Weighted-average shares used in computing diluted earnings per share	118.1			124.1						119.3		124.7

Consolidated net income increased by $51.9 million and $83.9 million for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The increase for both periods is primarily due to higher operating income, partially offset by higher income tax expense and interest expense.

Segment Financial Results

Workforce Solutions


	Three Months Ended September 30,		Change		Nine Months Ended September 30,	Change
Workforce Solutions	2026		2025		$	%		2026		2025		$		%
	(In millions)				(In millions)
Operating revenue:
Verification Services	$	603.2		$	553.6	$	49.6			9	%		$	1,782.2		$	1,622.9		$	159.3	10	%
Employer Services	90.7		95.8		(5.1)		(5)	%		300.2		307.2		(7.0)			(2)	%
Total operating revenue	$	693.9		$	649.4	$	44.5			7	%		$	2,082.4		$	1,930.1		$	152.3	8	%
% of consolidated revenue	41	%		42	%					41	%		43	%
Total operating income	$	306.3		$	284.5	$	21.8			8	%		$	932.4		$	856.0		$	76.4	9	%
Operating margin	44.1	%		43.8	%			0.3	pts		44.8	%		44.3	%				0.5	pts

Workforce Solutions revenue increased by 7% and 8% for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The increase for both periods is primarily due to an increase in diversified markets

verticals within Verification Services, partially offset by a decrease in Employer Services. The increase in the first nine months is also due to growth in the mortgage vertical within Verification Services.

Verification Services

Revenue increased by 9% and 10% for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The increase in revenue for both periods is primarily due to growth in diversified markets, primarily in the talent solutions, consumer lending and government verticals. The increase in revenue for the first nine months is also due to growth in the mortgage vertical, while for the third quarter, growth in the mortgage vertical was flat.

Employer Services

Revenue decreased by 5% and 2% in the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The decrease for the third quarter is primarily due to lower revenue from Work Opportunity Tax Credit (\"WOTC\") services, partially offset by an increase in I-9 and onboarding services. The decrease for the first nine months is primarily due to lower revenue from our ACA related services and WOTC services, partially offset by an increase in I-9 and onboarding services.

Workforce Solutions Operating Margin

Operating margin increased to 44.1% for the third quarter of 2026 from 43.8% for the third quarter of 2025 and increased to 44.8% for the first nine months of 2026 from 44.3% for the first nine months of 2025. The increased margin for both periods is primarily due to the aforementioned increase in revenue, partially offset by higher revenue share costs and higher amortization of capitalized internal-use software costs.

USIS


	Three Months Ended September 30,		Change		Nine Months Ended September 30,	Change
U.S. Information Solutions	2026		2025		$	%	2026		2025		$		%
	(In millions)				(In millions)
Operating revenue:
Online Information Solutions	$	529.7		$	467.5	$	62.2			13	%		$	1,628.8		$	1,373.5		$	255.3	19	%

Financial Marketing Services	69.4		62.7		6.7		11	%		187.5		178.1		9.4			5	%
Total operating revenue	$	599.1		$	530.2	$	68.9			13	%		$	1,816.3		$	1,551.6		$	264.7	17	%
% of consolidated revenue	35	%		34	%					36	%		34	%
Total operating income	$	145.4		$	123.3	$	22.1			18	%		$	405.6		$	346.9		$	58.7	17	%
Operating margin	24.3	%		23.2	%			1.1	pts		22.3	%		22.4	%				(0.1)	pts

USIS revenue increased by 13% and 17% for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The increase for both periods is primarily due to growth in Online Information Solutions, which is due to higher mortgage revenue, primarily due to product pricing, as well as growth in diversified markets revenue.

Online Information Solutions

Revenue increased by 13% and 19% for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The increase for both periods is driven by growth in mortgage related services, primarily due to product pricing, as well as growth in diversified markets revenue.

Financial Marketing Services

Revenue increased by 11% and 5% for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The increase for both periods is primarily due to growth in credit marketing services.

USIS Operating Margin

USIS operating margin increased to 24.3% for the third quarter of 2026 from 23.2% for the third quarter of 2025 and decreased to 22.3% for the first nine months of 2026 from 22.4% for the first nine months of 2025. The margin increase for the third quarter is primarily due to the aforementioned increase in revenue, partially offset by an increase in mortgage-related royalty costs. The margin decrease for the first nine months is primarily due to higher mortgage-related royalty costs, partially offset by the aforementioned increase in revenue.

International


	Three Months Ended September 30,		Change		Nine Months Ended September 30,	Change
International	2026		2025		$	%		2026		2025		$		%
	(In millions)		(In millions)
Operating revenue:
Latin America	$	114.1		$	102.1	$	12.0			12	%		$	325.7		$	295.8		$	29.9	10	%
Europe	105.5		102.3		3.2		3	%		300.6		288.0		12.6			4	%
Asia Pacific	107.7		90.1		17.6		20	%		299.9		255.1		44.8			18	%
Canada	72.2		70.8		1.4		2	%		216.6		203.3		13.3			7	%
Total operating revenue	$	399.5		$	365.3	$	34.2			9	%		$	1,142.8		$	1,042.2		$	100.6	10	%
% of consolidated revenue	24	%		24	%					23	%		23	%
Total operating income	$	63.1		$	57.7	$	5.4			9	%		$	143.5		$	121.7		$	21.8	18	%
Operating margin	15.8	%		15.8	%			—	pts		12.6	%		11.7	%				0.9	pts

International revenue increased by 9% and 10% in the third quarter and the first nine months of 2026, respectively, compared to the same periods in 2025. On a local currency basis, revenue increased by 7% and 5% in the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025, driven by local currency growth in Asia Pacific, Latin America, Canada and Europe. Local currency fluctuations against the U.S. dollar positively impacted revenue by $9.1 million, or 2%, for the third quarter of 2026, and by $46.3 million, or 5%, for the first nine months of 2026.

Latin America

On a local currency basis, revenue increased by 8% and 5% for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The increase for the third quarter is primarily due to local currency growth in Brazil, Chile and Paraguay. The increase for the first nine months is primarily due to local currency growth in Brazil, Chile and Argentina. Local currency fluctuations against the U.S. dollar positively impacted revenue by $4.3 million, or 4%, and $15.0 million, or 5%, for the third quarter and first nine months of 2026, respectively. Reported revenue increased by 12% and 10% for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025.

Europe

On a local currency basis, revenue increased by 4% and 2% for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The increase for the third quarter is primarily due to growth in the debt services business in the U.K. and the consumer credit reporting business in Spain. The increase for the first nine months is primarily due to growth in the consumer credit reporting businesses in the U.K. and Spain. Local currency fluctuations against the U.S. dollar negatively impacted revenue by $0.6 million, or 1%, for the third quarter of 2026 and positively impacted revenue by $6.8 million, or 2%, for the first nine months of 2026. Reported revenue increased by 3% and 4% for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025.

Asia Pacific

On a local currency basis, revenue increased by 12% and 9% for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The increase for both periods is primarily driven by growth in the commercial and identity and fraud businesses in Australia, as well as growth in India. Local currency fluctuations against the U.S. dollar positively impacted revenue by $6.6 million, or 8%, and $22.6 million, or 9%, for the third quarter and first nine

months of 2026, respectively. Reported revenue increased by 20% and 18% for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025.

Canada

On a local currency basis, revenue increased by 4% and 6% in the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The increase for both periods is primarily driven by growth in the direct to consumer, consumer credit reporting and commercial businesses. Local currency fluctuations against the U.S. dollar negatively impacted revenue by $1.2 million, or 2%, for the third quarter of 2026 and positively impacted revenue by $1.9 million, or 1%, for the first nine months of 2026. Reported revenue increased by 2% and 7% for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025.

International Operating Margin

Operating margin was 15.8% for the third quarter of 2026, flat compared to the third quarter of 2025, and increased to 12.6% for the first nine months of 2026 from 11.7% for the first nine months of 2025. The increase in revenue for the third quarter was offset by an increase in people costs and purchased data costs. The increase in margin for the first nine months is primarily due to the aforementioned increase in revenue, partially offset by an increase in operating expenses, principally due to an increase in people costs, purchased data costs and amortization of capitalized internal-use software costs.

General Corporate Expense


	Three Months Ended September 30,		Change	Nine Months Ended September 30,		Change
General Corporate Expense	2026		2025	$		%	2026		2025	$		%
	(In millions)		(In millions)
General corporate expense	$	159.5		$	201.2		$	(41.7)		(21)	%		$	524.3	$	513.6	$	10.7	2	%

Our general corporate expenses are unallocated costs that are incurred at the corporate level and include those expenses impacted by the overall management and strategic choices of the company, including shared services overhead, technology, security, data and analytics, administrative, legal, restructuring, and the portion of management incentive compensation determined by total company-wide performance.

General corporate expense decreased by $41.7 million and increased by $10.7 million for the third quarter and first nine months of 2026, respectively, compared to the same periods in 2025. The decrease for the third quarter is primarily due to a decrease in people costs, principally driven by a severance charge in the third quarter of 2025 that did not occur in the current year period, partially offset by higher litigation expense. The increase in the first nine months is primarily due to higher litigation expense, principally due to a charge for a legal settlement from the second quarter of 2026 associated with the resolution of claims related to a previously-disclosed coding issue, net of expected insurance proceeds. The increase in the first nine months is partially offset by a decrease in people costs.

LIQUIDITY AND FINANCIAL CONDITION

Management assesses liquidity in terms of our ability to generate cash to fund operating, investing and financing activities. We continue to generate substantial cash from operating activities, remain in a strong financial position and manage our capital structure to meet short- and long-term objectives including reinvestment in existing businesses and completing strategic acquisitions.

Funds generated by operating activities, our $2.0 billion five-year unsecured revolving credit facility (\"Revolver\") and related commercial paper (\"CP\") program, more fully described below, are our most significant sources of liquidity. At September 30, 2026, we had $192.9 million in cash and cash equivalents, as well as $1.8 billion available to borrow under our Revolver.

Sources and Uses of Cash

We believe that our existing cash balance, liquidity available from our CP and Revolver, cash generated from ongoing operations and continued access to public or private debt markets will be sufficient to satisfy cash requirements over the next 12 months and beyond. While there was no significant change in our cash requirements as of September 30, 2026 compared to

December 31, 2025, we have utilized existing CP capacity, together with cash from operating activities, to meet our current obligations.

Fund Transfer Limitations. The ability of certain of our subsidiaries and associated companies to transfer funds to the U.S. may be limited, in some cases, by certain restrictions imposed by foreign governments. These restrictions do not, individually or in the aggregate, materially limit our ability to service our indebtedness, meet our current obligations or pay dividends. As of September 30, 2026, we held $179.4 million of cash in our foreign subsidiaries.

Information about our cash flows, by category, is presented in the Consolidated Statements of Cash Flows. The following table summarizes our cash flows for the nine months ended September 30, 2026 and 2025:


	Nine Months Ended September 30,		Change
Net cash provided by (used in):	2026		2025	2026 vs. 2025
	(In millions)
Operating activities	$	1,142.1		$	1,144.9	$	(2.8)
Investing activities	$	(378.9)		$	(350.6)	$	(28.3)
Financing activities	$	(748.2)		$	(783.5)	$	35.3

Operating Activities

Cash provided by operating activities in the nine months ended September 30, 2026 decreased by $2.8 million compared to the prior year period primarily due to changes in our working capital position, partially offset by increased net income.

Investing Activities

Capital Expenditures


	Nine Months Ended September 30,		Change
Net cash used in:	2026		2025	2026 vs. 2025
	(In millions)
Capital expenditures*	$	(378.9)		$	(351.4)	$	(27.5)

*Amounts above are total cash outflows for capital expenditures.

Our capital expenditures are used for developing, enhancing and deploying new and existing software in support of our expanding product set, replacing or adding equipment, updating systems for regulatory compliance, the licensing of certain software applications, investing in system reliability, security and disaster recovery enhancements, and updating or expanding our office facilities.

Capital expenditures in the first nine months of 2026 increased by $27.5 million from the same period in 2025 primarily due to higher capitalized software costs as compared to the first nine months of 2025.

Financing Activities

Borrowings and Credit Facility Availability


	Nine Months Ended September 30,		Change
Net cash (used in) provided by:	2026		2025	2026 vs. 2025
	(In millions)
Net short-term payments	$	(604.8)		$	(204.1)	$	(400.7)
Payments on long-term debt	$	(276.4)		$	—	$	(276.4)
Proceeds from issuance of long-term debt	$	998.1		$	1.7	$	996.4

Credit Facility Availability

We have access to a $2.0 billion five-year unsecured revolving credit facility (the \"Revolver\"). Borrowings under the Revolver may be used for working capital, for capital expenditures, to refinance existing debt, to finance acquisitions and for other general corporate purposes. The maturity date with respect to $1.9 billion of the aggregate Revolver commitments is August 25, 2029; the termination date with respect to the remaining $100 million of the Revolver commitments is August 25, 2028. Availability of the Revolver is reduced by the outstanding principal balance of our CP notes and by any letters of credit issued under the Revolver.

We have a $2.0 billion CP program that has been established to allow for borrowing through the private placement of CP notes with maturities ranging from overnight to 397 days. We may use the proceeds of CP notes for general corporate purposes. The CP program is supported by our Revolver and the total amount of CP notes that may be issued is reduced by the amount of any outstanding borrowings under our Revolver and by any letters of credit issued under the facility.

As of September 30, 2026, there were $1.3 million of letters of credit outstanding, no outstanding borrowings under the Revolver and $149.0 million of outstanding CP notes. Availability under the Revolver was $1.8 billion at September 30, 2026.

At September 30, 2026, approximately 97% of our debt was fixed-rate debt and 3% was variable-rate debt. Our variable-rate debt consists of outstanding amounts under our CP program. The interest rates reset periodically, depending on the terms of the respective financing agreements. At September 30, 2026, the interest rate on our variable-rate debt ranged from 4.08% to 4.18%.

Borrowing and Repayment Activity

We primarily borrow under our CP program and Revolver as needed and as availability allows.

Net short-term payments primarily represent net borrowings or repayments of outstanding amounts under our CP program.

Borrowings on long-term debt in the first nine months of 2026 represent the issuance of $500.0 million of 5.00% senior notes and $500.0 million of 5.65% senior notes in the third quarter of 2026. Borrowings on long-term debt represented $1.7 million in borrowings for the first nine months of 2025. Payments on long-term debt for the first nine months of 2026 primarily represent repayment of our $275.0 million 3.25% senior notes during the second quarter of 2026 with CP borrowings. There were no payments on long-term debt for the first nine months of 2025.

Debt Covenants. A downgrade in our credit ratings would increase the cost of borrowings under our CP program and our Revolver, and could limit or, in the case of a significant downgrade, preclude our ability to issue CP. Our outstanding indentures and comparable instruments also contain customary covenants including, for example, limits on mortgages, liens, sale/leaseback transactions, mergers and sales of assets.

The Revolver requires a maximum leverage ratio, defined as consolidated funded debt divided by consolidated EBITDA, of 3.75 to 1.0. We may also elect to increase the maximum leverage ratio by 0.5 to 1.0 (subject to a maximum leverage ratio of 4.25 to 1.0) in connection with certain material acquisitions if we satisfy certain requirements. The Revolver also permits cash in excess of $175 million to be netted against debt in the calculation of the leverage ratio, subject to certain restrictions.

As of September 30, 2026, we were in compliance with all of our debt covenants.

We do not have any credit rating triggers that would accelerate the maturity of a material amount of the outstanding debt; however, our 5.10% senior notes due 2027, 5.10% senior notes due 2028, 4.80% senior notes due 2029, 5.00% senior notes due 2029, 3.10% senior notes due 2030, 2.35% senior notes due 2031, 5.65% senior notes due 2033, and 7.00% senior notes due 2037 (collectively, the “Senior Notes”) contain change in control provisions. If the Company experiences a change of control or publicly announces an intention to effect a change of control and the rating on the Senior Notes is lowered by Standard & Poor’s (“S&P”) and Moody’s Investors Service (“Moody’s”) below an investment grade rating within 60 days of such change of control or notice thereof, then the Company will be required to offer to repurchase the Senior Notes at a price equal to 101% of the aggregate principal amount of the Senior Notes plus accrued and unpaid interest.

For additional information about our debt, including the terms of our financing arrangements, basis for variable interest rates and debt covenants, see Note 5 of the Notes to Consolidated Financial Statements in our 2025 Form 10-K.

Equity Transactions


	Nine Months Ended September 30,		Change
Net cash (used in) provided by:	2026		2025	2026 vs. 2025
	(In millions)
Treasury stock repurchases	$	(652.0)		$	(427.4)	$	(224.6)
Dividends paid to Equifax shareholders	$	(199.4)		$	(172.0)	$	(27.4)

Proceeds from exercise of stock options and employee stock purchase plan	$	23.8		$	38.1	$	(14.3)
Payment of taxes related to settlement of equity awards	$	(15.7)		$	(13.6)	$	(2.1)

Sources and uses of cash related to equity during the nine months ended September 30, 2026 and 2025 were as follows:

- On April 21, 2025, our Board of Directors approved an authorization to repurchase up to $3 billion of shares of common stock. During the first nine months of 2026, we repurchased 3,640,019 shares of our common stock on the open market. At September 30, 2026, approximately $1.4 billion was available for future purchases of common stock under our share repurchase authorization. During the first nine months of 2025, we repurchased 1,716,868 shares of our common stock on the open market.

- On February 25, 2026, our Board of Directors approved an increase in our quarterly cash dividend to $0.56 per share beginning in the first quarter of 2026. We paid cash dividends to Equifax shareholders of $199.4 million, or $1.68 per share, and $172.0 million, or $1.39 per share, during the nine months ended September 30, 2026 and 2025, respectively.

- We received cash of $23.8 million and $38.1 million during the first nine months of 2026 and 2025, respectively, from the exercise of stock options and the employee stock purchase plan.

- We paid taxes of $15.7 million and $13.6 million related to the settlement of equity awards during the first nine months of 2026 and 2025, respectively.

Contractual Obligations, Commercial Commitments and Other Contingencies

In July 2026, the Company signed a definitive agreement to acquire Círculo de Crédito for an enterprise value of $750 million consisting of a purchase price of $825 million, net of estimated $75 million cash to be acquired at closing. The transaction is subject to customary closing conditions and regulatory review and approval and is expected to close in the fourth quarter of 2026.

Other than the definitive agreement to acquire Círculo de Crédito for an enterprise value of $750 million, our contractual obligations and commercial commitments have not changed materially from those reported in our 2025 Form 10-K. For additional information about certain obligations and contingencies, see Note 6 of the Notes to Consolidated Financial Statements in this Form 10-Q.

Off-Balance Sheet Arrangements

There have been no material changes with respect to our off-balance sheet arrangements from those presented in our 2025 Form 10-K.

Benefit Plans

At December 31, 2025, our U.S. Retirement Income Plan met or exceeded ERISA’s minimum funding requirements. In the future, we expect to make minimum funding contributions as required and may make discretionary contributions, depending on certain circumstances, including market conditions and our liquidity needs. We believe additional funding contributions, if any, would not prevent us from continuing to meet our liquidity needs, which are primarily funded from cash flows generated by operating activities, available cash and cash equivalents, our CP program and our Revolver.

For our non-U.S. tax-qualified retirement plans, we fund an amount sufficient to meet minimum funding requirements but no more than allowed as a tax deduction pursuant to applicable tax regulations. For our non-qualified supplementary retirement plans, we fund the benefits as they are paid to retired participants, but accrue the associated expense and liabilities in accordance with U.S. GAAP.

For additional information about our benefit plans, see Note 9 of the Notes to Consolidated Financial Statements in our 2025 Form 10-K.

Foreign Currency

Argentina experienced multiple periods of increasing inflation rates, devaluation of the peso, and increasing borrowing rates. As such, Argentina was deemed a highly inflationary economy by accounting policymakers. Beginning in the third quarter of 2018, we have accounted for Argentina as a highly inflationary economy which resulted in the recognition of a foreign currency loss of $0.4 million and $0.7 million that was recorded in Other income, net in our Consolidated Statements of Income during the three months ended September 30, 2026 and 2025, respectively.

RECENT ACCOUNTING PRONOUNCEMENTS

For information about new accounting pronouncements and the potential impact on our Consolidated Financial Statements, see Note 1 of the Notes to Consolidated Financial Statements in this Form 10-Q and Note 1 of the Notes to Consolidated Financial Statements in our 2025 Form 10-K.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

The Company’s Consolidated Financial Statements are prepared in conformity with U.S. GAAP. This requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and related disclosures of contingent assets and liabilities in our Consolidated Financial Statements and the Notes to Consolidated Financial Statements. We believe the most complex and sensitive judgments, because of their significance to the Consolidated Financial Statements, result primarily from the need to make estimates and assumptions about the effects of matters that are inherently uncertain. The “Application of Critical Accounting Policies and Estimates” section in the MD&A, and Note 1 of the Notes to Consolidated Financial Statements, in our 2025 Form 10-K describe the significant accounting estimates and policies used in the preparation of our Consolidated Financial Statements. Although we believe that our estimates, assumptions and judgments are reasonable, they are based upon information available at the time. Actual results may differ significantly from these estimates under different assumptions, judgments or conditions.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

For information regarding our exposure to certain market risks, see “Quantitative and Qualitative Disclosures about Market Risk,” in Part II, Item 7A of our 2025 Form 10-K. There were no material changes to our market risk exposure during the three and nine months ended September 30, 2026.

ITEM 4. CONTROLS AND PROCEDURES

As of the end of the period covered by this report, an evaluation was carried out by the Company’s management, with the participation of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934). Based upon that evaluation, our Chief

Executive Officer and Chief Financial Officer concluded that these disclosure controls and procedures were effective as of the end of the period covered by this report. In addition, no change in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934) occurred during our most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

FCRA Litigation

On August 3, 2022, a lawsuit was filed against us in the U.S. District Court for the Northern District of Georgia alleging violations of certain sections of the FCRA in connection with a previously-disclosed coding issue which impacted how some credit scores were calculated during a three-week period. In June 2026, Equifax and the plaintiffs’ attorneys who filed the lawsuit reached an agreement in principle to settle the claims at issue on a nationwide and class-wide basis, and plaintiffs moved for settlement approval in August 2026. The district court has since preliminarily approved the settlement, and a final approval hearing has been scheduled for January 2027. If the settlement is not ultimately approved by the court, Equifax believes it has valid defenses to this action and will continue to defend against the action.

Antitrust Litigation

On May 28, 2024, a lawsuit alleging violations of certain antitrust laws in connection with our Workforce Solutions business unit was filed against us in the Eastern District of Pennsylvania. The complaint seeks certification of a class of all persons who purchased electronic verification of income and employment services from May 28, 2020 to present and unspecified monetary damages, costs and attorneys’ fees. We dispute the allegations in the complaint and intend to defend against the claims.

CFPB Matters

In July 2023, we received a Civil Investigative Demand (a “CID”) from the Consumer Financial Protection Bureau (the “CFPB”) as part of its investigation into data accuracy and dispute handling at our Workforce Solutions business unit in order to determine whether we have followed the Fair Credit Reporting Act's requirements. We received a second CID from the CFPB in March 2024 and a third CID in August 2024 as part of the same investigation. The CIDs request the production of documents and answers to written questions. We are cooperating with the CFPB in its investigation and providing responses and information on an ongoing basis. At this time, we are unable to predict the outcome of the CFPB's investigation, including whether the investigation will result in any actions or proceedings against us.

Other

Equifax has been named as a defendant in various other legal actions, including administrative claims, regulatory matters, government investigations, class actions and other litigation arising in connection with our business. Some of the legal actions include claims for substantial compensatory or punitive damages or claims for indeterminate amounts of damages. We believe we have defenses to and, where appropriate, will contest many of these matters. Given the number of these matters, some are likely to result in adverse judgments, penalties, injunctions, fines or other relief. We may explore potential settlements before a case is taken through trial because of the uncertainty and risks inherent in the litigation process.

For information regarding our accounting for legal contingencies, see Note 6 of the Notes to Consolidated Financial Statements in this Form 10-Q.

ITEM 1A. RISK FACTORS

There have been no material changes with respect to the risk factors disclosed in our 2025 Form 10-K.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table contains information with respect to purchases made by or on behalf of Equifax or any “affiliated purchaser” (as defined in Rule 10b-18(a) (3) under the Securities Exchange Act of 1934), of our common stock during the quarter ended September 30, 2026:


	Total Number of Shares	Average Price Paid		Total Number of Shares Purchased as Part of Publicly-Announced		Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or
Period	Purchased (1)	Per Share (2)		Plans or Programs		Programs (3)
July 1 - July 31, 2026	209,354		$	172.45			208,951			$	1,476,604,628
August 1 - August 31, 2026	151,086		$	184.83			151,390			$	1,448,623,214
September 1 - September 30, 2026	173,268		$	162.63			172,050			$	1,420,642,723
Total	533,708				532,391			$	1,420,642,723

(1)On April 21, 2025, our Board of Directors approved an authorization to repurchase up to $3 billion of shares of common stock (the \"Repurchase Program\"). The total number of shares purchased for the quarter includes, if applicable: (a) shares purchased pursuant to our publicly-announced share repurchase program (208,951 shares for the month of July 2026, 151,390 shares for the month of August 2026, and 172,050 shares for the month of September 2026); and (b) shares surrendered, or deemed surrendered, in satisfaction of the exercise price and/or to satisfy tax withholding obligations in connection with the exercise of employee stock options and vesting of restricted stock, inclusive of net downward adjustments to prior period settlements, totaling 403 shares for the month of July 2026, (304) shares for the month of August 2026, and 1,218 shares for the month of September 2026.

(2)Average price paid per share for shares purchased as part of the Repurchase Program (excludes brokerage commissions and excise taxes).

(3)We purchased $92.0 million of shares of common stock during the three months ended September 30, 2026. At September 30, 2026, approximately $1.4 billion was available for future purchases of common stock under the Repurchase Program. The program does not have a stated expiration date.

Dividend and Share Repurchase Restrictions

Our Revolver restricts our ability to pay cash dividends on our capital stock or repurchase capital stock if a default or event of default exists or would result if these payments were to occur, according to the terms of the applicable credit agreements.

ITEM 5. OTHER INFORMATION

Rule 10b5-1 Trading Plans of Directors and Executive Officers

The following table describes any contracts, instructions or written plans for the sale or purchase of Equifax securities and intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act that were adopted by our directors and executive officers during the quarter ended September 30, 2026:

Name and Title

Date of Adoption of Rule 10b5-1 Trading Plan

Scheduled Expiration Date of Rule 10b5-1 Trading Plan(1)

Aggregate Number of Securities to Be Purchased or Sold

Jamil Farshchi,

Executive Vice President, Chief Technology Officer

8/11/2026

2/16/2027

Sale of up to 17,641 shares of common stock in multiple transactions

During the quarter ended September 30, 2026, none of our directors or executive officers terminated a Rule 10b5-1 trading plan or adopted or terminated a non-Rule 10b5-1 trading arrangement (as defined in Item 408(c) of Regulation S-K).

ITEM 6. EXHIBITS


Exhibit No.	Description








4.1		Indenture, dated as of July 29, 2026, between Equifax Inc. and the Trustee (incorporated by reference to Exhibit 4.1 to Equifax’s Form 8-K filed July 29, 2026).
4.2		First Supplemental Indenture, dated as of July 29, 2026, between Equifax Inc. and the Trustee, including the form of 2029 Note as Exhibit A and the form of 2033 Note as Exhibit B (incorporated by reference to Exhibit 4.2 to Equifax’s Form 8-K filed July 29, 2026).
31.1		Rule 13a-14(a) Certification of Chief Executive Officer
31.2		Rule 13a-14(a) Certification of Chief Financial Officer
32.1		Section 1350 Certification of Chief Executive Officer
32.2		Section 1350 Certification of Chief Financial Officer
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.DEF	XBRL Taxonomy Extension Definition Linkbase
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


		Equifax Inc.
		(Registrant)

Date:	October 20, 2026	By:	/s/ Mark W. Begor
			Mark W. Begor
			Chief Executive Officer
			(Principal Executive Officer)

Date:	October 20, 2026		/s/ John W. Gamble, Jr.
			John W. Gamble, Jr.
			Executive Vice President, Chief Financial Officer
			and Chief Operations Officer
			(Principal Financial Officer)

Date:	October 20, 2026		/s/ James M. Griggs
			James M. Griggs
			Chief Accounting Officer and Corporate Controller
			(Principal Accounting Officer)

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