Experian (EXPN) H2 2026 earnings summary

Executive summary

• Achieved record financial performance for FY26, delivering at the top end of guidance with strong organic revenue growth and margin expansion.

• Strategic progress included major client wins, renewals, successful integration of acquisitions, and expansion of platform ecosystems, positioning for continued growth.

• AI and cloud migration initiatives drove productivity, cost efficiencies, and opened new addressable markets.

• Consumer services membership surpassed 215 million globally, with deepening engagement and diversified revenue streams.

Financial highlights

• Organic revenue growth was 8% for the year, rising to 9% in Q4; total revenue up 13% at actual rates and 11% at constant rates, reaching $8,425m.

• Benchmark EBIT grew 15% at actual rates to $2,407m (over GBP 2.4 billion); EBIT margin increased to 28.6%.

• Benchmark EPS up 15% at actual rates to USC179.8; ROCE steady at 17.2% on a larger capital base.

• Strong cash generation with benchmark operating cash flow up 15% to $2,221m and cash conversion above 90%.

• Dividend increased by 11% to USC69.25 and GBP 2 billion share buyback announced.

Outlook and guidance

• FY27 organic revenue growth expected at 6%-8%, with total reported revenue growth of 8%-11% and inorganic contribution around 1%.

• Double-digit benchmark EPS growth anticipated; EBIT margin progression of 50 basis points at constant exchange rates.

• CapEx expected at 8% of revenue, trending down as cloud migration completes.

• Guidance reflects prudent approach to macroeconomic uncertainties, including Middle East situation.