Experian (EXPN) Q1 2027 TU earnings summary

Executive summary

• Q1 total revenue grew 10% at actual rates, 8% at constant currency, and 7% organically, aligning with expectations.

• B2B organic revenue growth was 9% globally, with strong momentum in Latin America (12%), North America (7%), UK & Ireland (5%), and EMEA/Asia Pacific (1%).

• Consumer services grew 2% globally, impacted by the wind-down of North America breach contracts; excluding these, North America consumer services grew 3%.

• AI-enabled opportunities and platform-led analytics, especially via the Ascend Platform, are driving growth and client engagement.

• Full-year expectations remain unchanged, supported by data assets, platforms, and AI-enabled opportunities.

Financial highlights

• Q1 organic revenue growth was 7%, in the middle of the 6%-8% guidance range for FY 2027.

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

• Total revenue growth was 8% at constant exchange rates and 10% at actual rates; acquisitions contributed 1 percentage point, FX was a 2-point tailwind.

• North America contributed 67% of group revenue, Latin America 15%, UK & Ireland 11%, and EMEA/Asia Pacific 7%.

• B2B organic revenue up 9%; consumer services up 2% (impacted by contract roll-off).

Outlook and guidance

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

• 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.

• Sales pipelines are strong and underpin confidence in achieving guidance.

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