TransUnion (TRU) Q1 2026 earnings summary

Executive summary

• First quarter 2026 results exceeded guidance for revenue, adjusted EBITDA, and adjusted diluted EPS, with 14% year-over-year revenue growth to $1,246 million, driven by strong U.S. Financial Services and the completion of the Trans Union de Mexico acquisition.

• Net income attributable to shareholders rose to $397 million, reflecting a $225 million one-time gain from the Mexico acquisition.

• Adjusted EBITDA increased 10% to $438 million, with a margin of 35.2%.

• Two acquisitions completed: TransUnion de México, consolidating a 94% stake, and RealNetworks' mobile division, enhancing messaging capabilities.

• $25 million in share repurchases year-to-date, with plans to increase repurchases throughout the year.

Financial highlights

• Total revenue increased 14% reported and 11% organic constant currency year-over-year; adjusted EBITDA up 10% with a margin of 35.2%.

• Adjusted diluted EPS was $1.18, up 12% year-over-year and above guidance.

• U.S. Markets revenue grew 14%, led by Financial Services up 24% (14% excluding FICO mortgage royalties); mortgage revenue up 50% (24% excluding FICO), with inquiries up 7%.

• International revenue was flat organically, with high-single-digit growth in Canada and the UK, and Africa up 10%; Latin America benefited from the Mexico acquisition.

• Net income margin rose to 31.9% from 13.5% prior year, reflecting the one-time gain.

Outlook and guidance

• Full-year 2026 revenue guidance raised to $5.1–$5.135 billion, up 11%–12%, with organic constant currency growth expected at 8%–9%.

• Adjusted EBITDA guidance is $1.796–$1.816 billion, up 9%–10%, with margins of 35.2%–35.4%.

• Adjusted diluted EPS expected at $4.68–$4.75, up 9%–11%.

• Second quarter revenue guidance is $1.271–$1.283 billion, up 12%–13%; adjusted EBITDA $439–$445 million, up 8%–9%.

• Guidance incorporates recent acquisitions and maintains a conservative approach amid macro uncertainty.