Experian (EXPN) H2 2025 earnings summary

Executive summary

• Achieved 7% organic revenue growth for FY 2025, with total revenue up 8% at constant rates and strong margin expansion.

• Delivered on full-year guidance and medium-term framework despite subdued macroeconomic conditions, with all regions contributing to growth.

• Strategic progress included significant M&A activity, cloud transformation, and product innovation, with NPS rising for seven consecutive years.

• Ended FY 2025 with over 200 million free consumer members globally and strong performance in both B2B and consumer services.

• Strategic acquisitions (illion, Audigent, ClearSale) expanded market reach and capabilities.

Financial highlights

• FY25 revenue reached $7,507m, up 7% at actual rates; organic revenue growth was 7%.

• Benchmark EBIT from ongoing activities grew 11% at constant rates; margin improved by 70bps to 28.1%.

• Benchmark EPS increased 8% to 156.9 US cents; total dividend per share up 7% to $0.625.

• Operating cash flow grew 9% to $2,025m, with a 97% conversion rate.

• ROCE maintained at around 17%; net debt/EBITDA at 1.8x, below target range.

Outlook and guidance

• FY 2026 organic revenue growth expected at 6–8%, with a 3% contribution from acquisitions.

• Margin progression of 30–50 basis points at constant currency anticipated, with FX expected to be neutral.

• Net interest cost projected at $190 million; CapEx to be 8–9% of revenue; cash flow conversion over 90%.

• Share buyback program of up to $200 million announced for FY 2026.