Experian (EXPN) H1 2026 earnings summary

Executive summary

• Achieved strong H1 FY26 results with revenue, earnings, and cash flow growth at the top end of expectations, driven by strategic execution, product innovation, and AI-driven productivity improvements.

• All regions contributed to growth, with North America leading, and significant progress in both B2B and Consumer Services segments.

• Cloud transformation is on track to be over 85% complete in North America (excluding Health) and Brazil by FY26, accelerating innovation and productivity.

• Continued investment in technology, acquisitions, and sustainability initiatives, including the integration of ClearSale, illion, and KYC360.

• Leading in AI-driven data intelligence, scaling proprietary platforms and expanding addressable market through innovation and targeted M&A.

Financial highlights

• Total revenue grew 13% (12% at constant FX) to $4,058m for H1 FY26; organic revenue growth was 8%.

• Benchmark EBIT increased 14% to $1,149m, with margin up 30-50bps to 28.3%.

• Benchmark EPS grew 12% to 85.0 US cents; statutory basic EPS up 36% to 81.7 US cents.

• Benchmark operating cash flow reached $885m, up 25%, with OCF conversion at 77%.

• Interim dividend raised by 10% to 21.25 US cents per share.

Outlook and guidance

• FY26 guidance: total revenue growth of 11%, organic revenue growth of 8%, margin accretion of +30 to +50bps at constant exchange rates.

• Full-year cash flow conversion expected to exceed 90%.

• Net interest expense for FY26 expected to be ~$190m; benchmark tax rate c.26%.

• FX expected to be a 1% tailwind to both revenue and EBIT growth.

• Capex expected at 8-9% of revenue.