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, margin expansion, and robust EPS growth.

• Strategic progress included major client renewals, new product launches, and successful M&A integration, notably ClearSale and AtData.

• AI and cloud migration initiatives drove productivity, reduced costs, and expanded addressable market by over GBP 15 billion.

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

• Platforms like Ascend and partnerships with LLMs, ServiceNow, Visa, and others are strengthening client relationships and expanding distribution.

Financial highlights

• Organic revenue growth was 8% year-over-year, rising to 9% in Q4; total revenue up 13% at actual rates to $8,425m.

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

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

• Strong cash generation with benchmark operating cash flow over GBP 2.2 billion ($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%.

• Benchmark EBIT margin progression of 50 basis points at constant exchange rates, supported by productivity and reduced dual-run costs.

• Double-digit benchmark EPS growth anticipated; CapEx to sales ratio expected to trend down to 8%.

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