Short answer
Equifax (EFX) filed its fiscal 2025 10-K annual report with the SEC on Feb 19, 2026. It reported revenue of $6.1B (+6.9% year over year) and net income of $660M.
- Top risk flagged: Legal risk: accrual for settlement resolving four related class action lawsuits increased litigation expense in 2025
FY2025 key financial metrics · XBRL
- Revenue
- $6.1B
- +6.9% YoY
- Net income
- $660M
- +9.3% YoY
- Operating margin
- 18.0%
- −0.3 pp YoY
- EPS (diluted)
- $5.32
- +9.9% YoY
- ROE
- 14.3%
- +1.7 pp YoY
- Operating cash flow
- $1.6B
- +22.0% YoY
Source: XBRL data from the Equifax (EFX) FY2025 10-K on SEC EDGAR. USD.
Equifax FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Data analytics and credit reporting services with geographic segments including Asia Pacific
- Emphasis on Asia Pacific segment goodwill valuation using combined income (70%) and market approach methods for impairment testing
- Strategic focus on technology transformation initiatives in Asia Pacific, with increased investment despite expense pressure
- Asia Pacific reporting unit fair value exceeds carrying value by over 10% as of Dec 1, 2025, but impairment risk elevated due to smaller valuation cushion
- Discount rate for goodwill impairment rose in 2025 to 10.0%-11.5%, reflecting increased risk environment and economic uncertainties
Risk Factors
- Legal risk: accrual for settlement resolving four related class action lawsuits increased litigation expense in 2025
- Geopolitical risk: foreign currency fluctuations reduced revenue by $21.7 million in 2025, mainly impacting Latin America and Asia Pacific segments
- Operational risk: increased amortization of capitalized internal-use software costs tied to prior technology transformation capital spending increased expenses in 2025
- Competitive risk: mortgage related revenue growth affected by lower mortgage credit inquiry volumes despite product pricing gains in 2025
- Financial risk: net debt $5.09 billion with $0.7 billion available under $1.5 billion Revolver credit facility at year-end 2025
Generated from the filing text; verify against the original. How to read a 10-K
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