Experian (EXPN) Q3 2025 TU earnings summary

Executive summary

• Q3 organic revenue grew 6% year-over-year, or 8% on an underlying basis excluding data breach impacts, with total group revenue up 8% at constant currency and 6% at actual rates.

• Growth was broad-based across regions: North America organic revenue up 6% (9% ex-breach), Latin America up 8%, EMEA Asia Pacific up 9%, and UK up 1%.

• Foreign exchange was a 2% headwind, particularly impacting Latin America.

• Strategic progress included successful acquisitions (NeuroID, Audigent, ClearSale, illion) and product innovation, especially in insurance and verification services.

Financial highlights

• Acquisitions contributed 2% to growth, with illion driving a 35% total revenue increase in EMEA Asia Pacific.

• North America B2B grew 8%, with Bureau (ex-mortgage) up 6%, mortgage profile revenue up 71%, and automotive up 8%.

• Latin America B2B grew 4%, consumer services up 22%, with payments platform up 27% and Limpa Nome double-digit growth.

• UK&I B2B down 1%, consumer services up 10%; EMEA Asia Pacific up 9% with strong software performance in Australia.

Outlook and guidance

• Full-year guidance unchanged: organic revenue growth expected between 6%-8%, with margin expansion at the upper end of the 30-50bps range.

• Q4 organic revenue growth (ex-North American breach) expected at 7%-8%, with M&A adding about 3% to growth next year and 1%-2% FX drag.

• Insurance marketplace on track for $100 million annualized run rate, with significant long-term opportunity in a $11-12 billion addressable market.