Experian (EXPN) Q1 2027 TU earnings summary

Executive summary

• Q1 organic revenue growth reached 7%, with total revenue up 10% at actual rates and 8% at constant currency, aligning with expectations.

• B2B organic revenue grew 9% globally, while consumer services grew 2%, impacted by the roll-off of North American data breach contracts.

• Strong momentum in Latin America, with organic revenue up 12% and robust B2B and consumer services performance.

• North America saw 7% organic revenue growth, with financial services up 13% and verticals up 8%.

• UK and Ireland delivered 5% organic revenue growth, with B2B and consumer services both contributing.

Financial highlights

• Acquisitions contributed about 1 percentage point to growth; foreign exchange was a 2 percentage point tailwind.

• Excluding data breach contracts, organic revenue growth was 8% in Q1.

• Latin America revenue grew 25% at actual exchange rates, with B2B up 9% and consumer services up 22%.

• North America B2B growth was 11%, with mortgage revenue up 45%-50% year-over-year.

• UK and Ireland total constant currency growth was 7%, including contributions from acquisitions.

Outlook and guidance

• FY 2027 organic revenue growth expected in the 6%-8% range, with inorganic contribution around 1%.

• Full-year guidance remains unchanged, with management confident in ongoing execution and growth opportunities.

• Foreign exchange expected to be a 1%-2% tailwind for both revenue and benchmark EBIT.

• Anticipated 50 basis points of organic constant currency margin progression.

• Double-digit organic revenue growth expected to be sustainable in Latin America.