TransUnion (TRU) Q2 2026 earnings summary

Executive summary

• Achieved strong Q2 2026 results with revenue up 15% year-over-year to $1.31 billion, organic constant currency revenue up 10%, and Adjusted Diluted EPS up 13%, exceeding guidance on key metrics.

• U.S. markets led growth, with Financial Services up 18% (10% excluding FICO mortgage royalties), and Emerging Verticals up 9%, while international revenues grew 6% organically, led by Canada, India, and the U.K.

• Major acquisitions, including a controlling interest in Trans Union de Mexico and the mobile division of RealNetworks, expanded international presence and contributed significantly to growth.

• Continued innovation with ~40 new products and AI-powered enhancements in H1, driving productivity gains and expanded platform deployments.

• Raised full-year 2026 guidance for revenue, Adjusted EBITDA, and Adjusted Diluted EPS, reflecting robust performance and ongoing platform modernization.

Financial highlights

• Q2 2026 revenue reached $1,310 million, up 15% year-over-year; organic constant currency revenue up 10%; Adjusted EBITDA was $456 million (12% growth), with a margin of 34.8%.

• Adjusted Diluted EPS was $1.23, up 13% year-over-year and $0.08 above guidance.

• Net income attributable to shareholders rose 30.8% year-over-year to $143.4 million, with diluted EPS at $0.74.

• Cash provided by operating activities for H1 2026 was $459 million, up from $344 million in the prior year.

• Share repurchases year-to-date totaled ~$150 million, with leverage ratio reduced to 2.6x.

Outlook and guidance

• Q3 2026 revenue guidance: $1,292–$1,310 million (up 11–12%), with 6–8% organic growth and 4.5% from acquisitions.

• Full-year 2026 revenue guidance: $5,127–$5,162 million (up 12–13%), with 8–9% organic constant currency growth.

• Adjusted EBITDA for 2026 expected at $1,807–$1,827 million (up 10–11%), margin 35.2–35.4%.

• Adjusted Diluted EPS guidance raised to $4.75–$4.83 (up 11–12%).

• Guidance remains conservative due to macroeconomic uncertainty, including inflation, interest rates, and geopolitical risks.