July 22, 2020
Equifax today announced financial results for the quarter ended June 30, 2020.
"Equifax delivered its second consecutive quarter of strong, double digit revenue growth and margin expansion, driven by our Workforce Solutions income and employment business which had its strongest results in over 10 years, even with the challenging economic impacts of the coronavirus pandemic in the quarter. The results reflect the strength and resiliency of our business model, our differentiated data assets, including our unique TWN employment and income data, and the importance of data and insights to help customers manage in these unprecedented times," said Mark W. Begor, Equifax Chief Executive Officer. "Our strong performance follows our momentum in the second half of 2019 and First Quarter and positions us to continue investing in our three-year over $1.25 billion EFX 2020 cloud technology, data, and security transformation, data and analytics, and new products to position Equifax for future growth."
Financial Results Summary
The company reported revenue of $982.8 million in the second quarter of 2020, up 12 percent compared to the second quarter of 2019 and up 13 percent on a local currency basis.
Net income attributable to Equifax of $95.9 million was up 44% in the second quarter of 2020 compared to net income attributable to Equifax of $66.8 million in the second quarter of 2019.
Second quarter diluted EPS attributable to Equifax was $0.78, up compared to $0.55 in the second quarter of 2019.
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