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Equifax Inc EFX Stock Quote

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NYSE:EFX

Morningstar‘s Stock Analysis EFX

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Is it the right time to buy or sell?

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Economic Moat

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Equifax's Workforce Solutions Segment Is Differentiated, Moaty, and Its Largest Profit Driver

Rajiv Bhatia, CFA Equity Analyst

Business Strategy and Outlook

| Rajiv Bhatia, CFA |

Along with TransUnion and Experian, Equifax is one of the big three credit bureaus. Given the fixed costs inherent in a data-intensive business, Equifax has been able to enjoy strong operating leverage from incremental revenue. As the U.S. credit bureau market is relatively mature, the company has been adding new capabilities and expanding its geographic footprint, both organically and through acquisitions. As an example of its bolt-on acquisition strategy, Equifax announced in January 2021 that it will acquire e-commerce fraud prevention platform Kount for $640 million. Kount builds on Equifax’s existing antifraud products and we think acquiring unique data and software assets makes sense.

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Key Statistics EFX

Company Profile EFX

Business Description

Along with Experian and TransUnion, Equifax is one of the leading credit bureaus in the United States. Equifax’s credit reports provide credit histories on millions of consumers, and the firm's services are critical to lenders’ credit decisions. In addition, about a third of the firm’s revenue comes from workforce solutions, which provides income verification and employer human resources services. Equifax generates over 20% of its revenue from outside the United States.

Contact
1550 Peachtree Street N.W.
Atlanta, GA, 30309
T +1 404 885-8000
Industry Consulting Services
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 12,700

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