Experian (EXPN) Q1 2026 TU earnings summary

Executive summary

• Achieved 12% total revenue growth at constant currency and 8% organic revenue growth year-over-year for Q1 ended 30 June 2025, with strong performance in North America and successful integration of recent acquisitions.

• North America led with 9% organic revenue growth in Q1, including 12% in B2B and 15% in financial services, supported by new products and client wins.

• Latin America delivered 5% organic growth in Q1 and 6% for FY25, with consumer services up 24% and B2B flat due to macro conditions.

• UK and Ireland saw 1% organic growth in Q1 and 1–2% for FY25, with B2B down 2% but consumer services up 11%.

• EMEA and Asia Pacific achieved 7% organic growth in Q1 and 8% for FY25, with strong contributions from new product introductions and the illion acquisition.

Financial highlights

• Group organic revenue grew 8% year-over-year in Q1 and FY25, or 9% excluding data breach services.

• Total group revenue grew 12% at constant and actual rates in Q1; FY25 revenue reached $7.5bn, up 8%.

• Benchmark EBIT grew 8% to $2.1bn, with margin up 50bps to 28.1%.

• Free consumer memberships surpassed 200 million globally, reflecting strong platform expansion.

• Capex efficiency improved, with capex-to-revenue ratio trending down to 8.7%.

Outlook and guidance

• Full-year expectations remain unchanged, with guidance reaffirmed for mid to high single-digit organic growth in Latin America and FY26 organic revenue growth expected at 6–8%.

• Q2 growth expected to be similar to Q1, with mortgage revenue growth moderating and some one-off Q1 benefits not recurring.

• Benchmark EBIT margin to improve by 30–50bps; capex to remain at 8–9% of revenue.

• Benchmark OCF conversion expected above 90%; share repurchases of $200m planned.

• Next half-year results scheduled for release on 12 November 2025.