Equifax Completes Cloud Transition, Accelerates Share Buyback with Double-Digit Growth Guidance

Equifax Inc. reported that its fourth‐quarter 2025 revenue rose 9% year-over-year to the mid-$1.5 billion range, while full-year sales grew 7% to the low $6 billion mark. The company generated about $1.1 billion in free cash flow for the year and returned $561 million in cash to shareholders in Q4 alone (approximately KRW 760 billion). For 2026, Equifax issued guidance calling for roughly 10% revenue growth to about $6.7 billion (around KRW 9 trillion). Management said it plans to continue margin expansion and additional share buybacks, driven by a full cloud migration and new offerings on its EFX Cloud and EFX.AI platforms.

On the same day’s regulatory filing, CEO Mark Begor disclosed that he was granted more than 50,000 shares of common stock—valued at about $11.2 million (roughly KRW 15 billion)—significantly increasing his stake. While shares were withheld to cover taxes, no open-market sales took place, and Begor’s total direct and indirect holdings remain in the tens of millions of dollars.

Equifax shares snapped a six-day losing streak on February 4, closing up over 3% on the New York Stock Exchange. Morgan Stanley recently set a $244 price target, implying more than 30% upside from current levels. Nevertheless, the stock still trades over 30% below its 52-week high reached in May 2025, suggesting the market hasn’t fully priced in the company’s performance recovery and enhanced shareholder returns.

As one of the three major U.S. credit bureaus, Equifax provides data and analytics–based risk management solutions to financial institutions and businesses, leveraging consumer and commercial credit information, employment and income data, and analytical services. The U.S. credit reporting industry is highly sensitive to interest rates, mortgage and employment cycles, and is subject to regulatory, data-privacy, and cybersecurity risk factors.