Equifax Inc. (EFX): Modelo de Negocio Canvas [Actualizado en Ene-2025]

En el intrincado mundo de los servicios financieros basados ​​en datos, Equifax Inc. se erige como un titán de información crediticia y gestión de riesgos, ejerciendo un modelo comercial expansivo que transforma los datos sin procesar en ideas poderosas. Navegando a través de redes complejas de instituciones financieras, proveedores de tecnología e intercambios de datos globales, Equifax ha creado un ecosistema sofisticado que ofrece soluciones de crédito integrales a empresas y consumidores por igual. Desde análisis predictivo avanzado hasta marcos de seguridad cibernética sólidas, el lienzo de modelo de negocio de la compañía revela un plan estratégico que no solo genera ingresos sustanciales, sino que también juega un papel fundamental en los procesos modernos de toma de decisiones financieras.

Equifax Inc. (EFX) - Modelo de negocio: asociaciones clave

Oficinas de crédito e instituciones financieras

Equifax mantiene asociaciones estratégicas con:

Tipo de socio	Número de asociaciones	Valor de colaboración anual
Bancos principales	2,300+	$ 487 millones
Coeficientes de crédito	1,100+	$ 213 millones
Instituciones financieras regionales	5,600+	$ 672 millones

Proveedores de tecnología y análisis de datos

Las asociaciones de tecnología clave incluyen:

• IBM: Asociación de infraestructura en la nube
• Microsoft Azure: soluciones de procesamiento de datos
• Google Cloud: plataformas de análisis avanzados

Socio tecnológico	Valor de contrato	Duración
IBM	$ 124 millones	5 años
Microsoft Azure	$ 98 millones	3 años

Agencias gubernamentales y cuerpos regulatorios

Redes de colaboración regulatoria:

Agencia	Enfoque de colaboración	Presupuesto anual de cumplimiento
Comisión federal	Protección al consumidor	$ 3.2 millones
Oficina de Protección Financiera del Consumidor	Estándares de informes de datos	$ 2.7 millones

Firmas de computación en la nube y ciberseguridad

Detalles de la asociación de ciberseguridad:

• Redes Palo Alto: detección de amenazas
• Crowdstrike: Seguridad de punto final
• Splunk: gestión de información de seguridad

Socio de ciberseguridad	Valor de contrato	Alcance del servicio
Palo Alto Networks	$ 76 millones	Protección avanzada de amenazas
Crowdstrike	$ 62 millones	Monitoreo de seguridad del punto final

Redes de intercambio de datos globales

Alcance de la asociación de datos internacionales:

Región	Número de socios de datos	Volumen anual de intercambio de datos
América del norte	4,200+	1.200 millones de registros
Europa	1,800+	480 millones de registros
Asia-Pacífico	1,500+	350 millones de registros

Equifax Inc. (EFX) - Modelo de negocio: actividades clave

Calificación crediticia y evaluación de riesgos

Equifax procesa aproximadamente 3.2 mil millones de archivos de crédito a nivel mundial. El volumen de generación anual de informes de crédito alcanza los 1.500 millones de informes. Los algoritmos de evaluación de riesgos analizan 820 millones de perfiles de crédito de consumo individuales.

Métrico	Volumen
Archivos de crédito procesados	3.200 millones
Informes de crédito anuales	1.500 millones
Perfiles de crédito de consumo	820 millones

Recopilación de datos y agregación

Equifax agrega datos de más de 10,000 instituciones financieras. La recopilación de datos abarca 24 países con 6.500 empleados dedicados a la gestión de la información.

• Fuentes de datos: bancos, compañías de tarjetas de crédito, prestamistas hipotecarios
• Cobertura geográfica: 24 países
• Fuerza laboral de gestión de datos: 6.500 empleados

Servicios de verificación de identidad

Equifax procesa 500 millones de transacciones de verificación de identidad anualmente. Los algoritmos de detección de fraude impiden $ 2.5 mil millones en posibles pérdidas financieras.

Métrico de servicio	Volumen anual
Transacciones de verificación de identidad	500 millones
Prevención de pérdidas de fraude	$ 2.5 mil millones

Desarrollo de plataformas de análisis predictivos

La inversión en plataformas de análisis predictivo alcanza los $ 350 millones anuales. Los modelos de aprendizaje automático procesan 2.1 petabytes de datos semanalmente.

• Inversión anual de I + D: $ 350 millones
• Procesamiento semanal de datos: 2.1 petabytes
• Desarrollo del modelo AI/ML: 180 científicos de datos

Gestión de ciberseguridad y protección de datos

Presupuesto de ciberseguridad: $ 275 millones. 450 profesionales de ciberseguridad dedicados administran infraestructura de protección de datos. Inversiones anuales de cumplimiento: $ 125 millones.

Métrica de ciberseguridad	Cantidad
Presupuesto de ciberseguridad	$ 275 millones
Personal de ciberseguridad	450 profesionales
Inversiones de cumplimiento	$ 125 millones

Equifax Inc. (EFX) - Modelo de negocio: recursos clave

Bases de datos masivas de crédito de consumo y comercial

A partir de 2024, Equifax mantiene una base de datos de más de 800 millones de archivos de consumo individuales y más de 100 millones de registros comerciales a nivel mundial. La base de datos de la compañía abarca:

Categoría de base de datos	Número de registros
Archivos de consumo individuales	800 millones
Récords de negocios	100 millones
Cobertura geográfica global	24 países

Tecnologías de análisis de datos avanzados

Equifax invierte significativamente en la infraestructura de tecnología de datos:

• Gasto anual de I + D: $ 675 millones en 2023
• Infraestructura de computación en la nube: $ 220 millones invertidos
• Capacidades de procesamiento de datos: 10 petabytes de datos procesados ​​diariamente

Algoritmos de aprendizaje automático propietario

Las capacidades tecnológicas de Equifax incluyen:

Categoría de algoritmo	Capacidades específicas
Modelado de riesgos predictivos	98.3% de precisión en la evaluación del riesgo de crédito
Algoritmos de detección de fraude	Tasa de detección en tiempo real del 99.7%

Profesionales de ciencia de datos calificadas y ciberseguridad

Composición de la fuerza laboral a partir de 2024:

• Total de empleados: 13,500
• Científicos de datos: 1.200
• Especialistas de ciberseguridad: 650
• Promedio de la tenencia del empleado: 7.3 años

Infraestructura tecnológica robusta

Detalles de la infraestructura tecnológica:

Componente de infraestructura	Presupuesto
Centros de datos	12 centros de datos primarios
Tiempo de actividad de la red	99.99% Fiabilidad
Inversión de ciberseguridad	Presupuesto anual de ciberseguridad de $ 180 millones

Equifax Inc. (EFX) - Modelo de negocio: propuestas de valor

Soluciones integrales de gestión de riesgos de crédito

Equifax proporciona soluciones de gestión de riesgos de crédito con las siguientes métricas clave:

Categoría de soluciones	Ingresos anuales	Cobertura del mercado
Soluciones de riesgo de crédito empresarial	$ 1.2 mil millones	90% de las compañías Fortune 500
Servicios de riesgo de crédito comercial	$ 685 millones	Más de 5,000 instituciones financieras

Información de crédito al consumidor precisa y oportuna

Equifax mantiene bases de datos integrales de crédito al consumidor:

• Registros totales de crédito al consumidor: 800 millones de personas
• Tasa de precisión del puntaje de crédito: 99.4%
• Actualizaciones mensuales del informe de crédito: 200 millones de registros

Servicios de protección de robo de identidad

Las ofertas de protección de identidad de Equifax incluyen:

Nivel de servicio	Costo de suscripción mensual	Suscriptores activos
Protección de identidad básica	$9.95	1.2 millones de suscriptores
Protección de identidad premium	$19.95	750,000 suscriptores

Capacidades avanzadas de detección de fraude

Métricas de tecnología de detección de fraude:

• Precisión de detección de fraude: 97.6%
• Ahorro anual de prevención de fraude: $ 1.3 mil millones
• Modelos de aprendizaje automático: más de 250 modelos algorítmicos

Ideas financieras personalizadas

Desglose del servicio de información financiera:

Categoría de información	Ingresos anuales	Base de clientes
Ideas financieras comerciales	$ 450 millones	25,000 clientes corporativos
Ideas financieras del consumidor	$ 275 millones	15 millones de usuarios individuales

Equifax Inc. (EFX) - Modelo de negocio: relaciones con los clientes

Plataformas de autoservicio digital automatizadas

Equifax ofrece myEquifax.com, una plataforma digital con 28.5 millones de usuarios registrados activos a partir del tercer trimestre de 2023. La plataforma proporciona:

• Acceso a informes de crédito en línea 24/7
• Monitoreo de puntaje de crédito en tiempo real
• Servicios de protección de robo de identidad

Métrica de plataforma	2023 datos
Usuarios digitales activos	28.5 millones
Inicios de sesión de cuenta en línea	372 millones anualmente
Descargas de aplicaciones móviles	5.6 millones

Canales de atención al cliente dedicados

Equifax mantiene múltiples canales de atención al cliente con:

• Soporte telefónico: 1-888-378-4329
• Soporte por correo electrónico: tiempo de respuesta de 24 a 48 horas
• Servicios de chat en vivo

Servicios personalizados de monitoreo de crédito

Equifax proporciona paquetes de monitoreo de crédito escalonado:

Nivel de servicio	Costo mensual	Características
Basic	$9.95	Seguimiento de puntaje de crédito
De primera calidad	$19.95	Protección de identidad
Último	$29.95	Monitoreo integral

Informe de crédito regular y actualizaciones de puntaje

Equifax proporciona actualizaciones mensuales del informe de crédito con:

• Cambios de puntaje en tiempo real
• Notificaciones de alerta de crédito
• Informes integrales trimestrales

Mecanismos de resolución de disputas en línea

Estadísticas de resolución de disputas digitales:

Métrica de disputas	2023 datos
Disputas en línea procesadas	4.2 millones
Tiempo de resolución promedio	14 días hábiles
Tasa de finalización de disputas digitales	87%

Equifax Inc. (EFX) - Modelo de negocio: canales

Portales web digitales

Equifax opera múltiples portales web digitales con las siguientes características específicas:

• MyEquifax.com: 26.5 millones de usuarios registrados activos a partir del cuarto trimestre 2023
• Portal de soluciones de la fuerza laboral: atiende a más de 7,500 clientes empresariales
• Tráfico anual del portal digital: 312 millones de visitantes únicos

Tipo de portal	Usuarios activos mensuales	Contribución anual de ingresos
Portal de consumo	8.2 millones	$ 187 millones
Portal de soluciones de negocios	4.6 millones	$ 423 millones

Aplicaciones móviles

Los canales móviles de Equifax incluyen:

• Aplicación móvil de puntaje de crédito: 12.3 millones de descargas
• Mobile app user engagement: 67% monthly active rate
• Mobile transaction volume: 48.6 million transactions in 2023

Equipos de ventas directos

Equifax sales force composition:

• Total sales representatives: 1,842
• Ventas anuales promedio por representante: $ 1.2 millones
• Tamaño del equipo de ventas empresariales: 386 gerentes de cuentas empresariales especializados

Socios de servicio financiero de terceros

Categoría de socio	Número de socios	Ingresos anuales de asociación
Instituciones bancarias	612	$ 276 millones
Compañías de seguros	287	$ 142 millones
Coeficientes de crédito	1,204	$ 98 millones

Integraciones de software empresarial

Métricas de canal de software empresarial:

• Asociaciones totales de integración de software: 214
• Volumen de conexión API: 3.200 millones de llamadas de API mensuales
• Ingresos anuales de software empresarial: $ 512 millones

Tipo de integración	Número de integraciones	Volumen de transacción anual
CRM basado en la nube	87	1.600 millones de transacciones
Sistemas ERP	62	892 millones de transacciones
Plataformas de gestión de riesgos	65	743 millones de transacciones

Equifax Inc. (EFX) - Modelo de negocio: segmentos de clientes

Instituciones financieras

Equifax atiende a más de 2,400 instituciones financieras a nivel mundial, incluidos bancos, cooperativas de crédito y organizaciones de préstamos.

Tipo de institución	Penetración del mercado	Contribución anual de ingresos
Bancos comerciales	68%	$ 412 millones
Coeficientes de crédito	22%	$ 134 millones
Bancos de inversión	10%	$ 61 millones

Mercados de crédito al consumo

Equifax cubre aproximadamente 800 millones de perfiles de crédito de consumo individuales en todo el mundo.

• Consumidores norteamericanos: 540 millones de perfiles
• Consumidores europeos: 180 millones de perfiles
• Consumidores latinoamericanos: 80 millones de perfiles

Empresas pequeñas y medianas

Equifax proporciona servicios de gestión de crédito y riesgos a 4.7 millones de pequeñas y medianas empresas a nivel mundial.

Tamaño de la empresa	Número de clientes	Gasto anual promedio
Micro empresas	2.1 millones	$1,200
Pequeñas empresas	1.8 millones	$3,500
Empresas medianas	800,000	$8,700

Grandes clientes corporativos

Equifax atiende a 1.200 grandes clientes corporativos en múltiples industrias.

• Fortune 500 Companies: 72% de cobertura del mercado
• Valor promedio del contrato anual: $ 250,000
• Industrias atendidas: servicios financieros, atención médica, venta minorista, tecnología

Agencias gubernamentales

Equifax brinda servicios a 350 agencias gubernamentales a nivel federal, estatal y local.

Nivel gubernamental	Número de agencias	Valor anual del contrato
Federal	85	$ 43 millones
Estado	220	$ 27 millones
Local	45	$ 8 millones

Equifax Inc. (EFX) - Modelo de negocio: Estructura de costos

Mantenimiento de la infraestructura tecnológica

Equifax informó que la tecnología y los gastos de procesamiento de datos de $ 1.2 mil millones en 2022. Las inversiones de tecnología total de la compañía alcanzaron $ 755 millones en 2023.

Categoría de costos tecnológicos	Gasto anual
Infraestructura en la nube	$ 345 millones
Mantenimiento de hardware	$ 215 millones
Licencia de software	$ 195 millones

Adquisición y procesamiento de datos

Equifax gastó aproximadamente $ 412 millones en costos de adquisición de datos y procesamiento en 2023.

• Adquisición de datos de instituciones financieras: $ 187 millones
• Verificación y validación de datos: $ 125 millones
• Sistemas de integración de datos: $ 100 millones

Inversiones de investigación y desarrollo

Los gastos de I + D para Equifax totalizaron $ 340 millones en 2023.

Área de enfoque de I + D	Inversión
AI y aprendizaje automático	$ 145 millones
Análisis predictivo	$ 105 millones
Tecnologías de ciberseguridad	$ 90 millones

Cumplimiento y gastos regulatorios

Los costos relacionados con el cumplimiento para Equifax alcanzaron los $ 275 millones en 2023.

• Consultoría legal y regulatoria: $ 115 millones
• Infraestructura de cumplimiento: $ 85 millones
• Sistemas de informes regulatorios: $ 75 millones

Costos de ciberseguridad y protección de datos

Las inversiones de ciberseguridad totalizaron $ 425 millones en 2023.

Categoría de ciberseguridad	Gasto anual
Infraestructura de seguridad	$ 185 millones
Sistemas de detección de amenazas	$ 140 millones
Capacidades de respuesta a incidentes	$ 100 millones

Equifax Inc. (EFX) - Modelo de negocio: flujos de ingresos

Servicios de monitoreo de crédito basados ​​en suscripción

Ingresos anuales de los servicios de suscripción al consumidor: $ 657 millones en 2022

Nivel de servicio	Precio mensual	Suscriptores estimados
Monitoreo básico de crédito	$9.95	2.3 millones
Protección de crédito premium	$19.95	1.1 millones

Soluciones de gestión de riesgos empresariales

Ingresos totales de soluciones empresariales: $ 1.2 mil millones en 2022

• Servicios de evaluación de riesgos de crédito comercial
• Soluciones de cumplimiento corporativo
• Plataformas de verificación de negocios

Licencias de datos y ventas de información

Ingresos anuales de licencia de datos: $ 892 millones en 2022

Segmento de clientes	Contribución de ingresos
Instituciones financieras	$ 456 millones
Agencias gubernamentales	$ 223 millones
Clientes corporativos	$ 213 millones

Tarifas de verificación de identidad

Ingresos del servicio de verificación de identidad: $ 345 millones en 2022

• Autenticación de identidad digital
• Servicios de detección de antecedentes
• Verificación de empleo

Servicios de detección y prevención de fraude

Ingresos de prevención de fraude: $ 521 millones en 2022

Tipo de servicio	Ingresos anuales
Software de detección de fraude	$ 276 millones
Protección de robo de identidad	$ 245 millones

Equifax Inc. (EFX) - Canvas Business Model: Value Propositions

You're looking at the core value Equifax Inc. delivers to its customers-the things that make them choose EFX over the competition in late 2025. It's all about speed, data depth, and leveraging that massive investment in the Equifax Cloud™.

Verifiable, real-time income and employment data for lenders and government.

• The Work Number database collects data from almost 6.5 million companies in the U.S. every pay period.
• The database ended 2024 with 188 million active records, a growth of 20 million records, or 12% year-over-year.
• New solutions like Complete Income offer W-2 payroll information from over 4.4 million employers.

Advanced credit scores and risk models with over 30% performance increase via EFX.AI.

The success of innovation is measurable; for instance, the New Product Vitality Index hit 14% in Q2 2025, beating the long-term goal of 10%. This AI-driven approach aims to deliver higher approval rates and lower losses for customers.

Fraud prevention and identity theft protection services for businesses and consumers.

The need for this is clear: synthetic identity fraud alone increased by 50% between 2020 and 2023, according to an Equifax and Consumer Bankers Association survey. Equifax helps fight fraud across the customer journey.

New multi-data solutions (e.g., TWIN-powered auto/personal loans) for financial inclusion.

The focus is on using differentiated data to expand access to credit. For government solutions, which generate about $800 million in revenue, the segment has seen a 20% Compound Annual Growth Rate over the last five years. Furthermore, data solutions now incorporate consumer-credentialed bank deposit data covering 92% of U.S. financial institutions.

AML Compliance Solutions for regulated businesses using AI to flag financial crime risks.

Equifax's new AI-powered AML Compliance Solutions screen entities against global sanctions and high-risk lists in near real-time. This capability helps regulated organizations manage the risk of penalties in a complex landscape. The global Regulatory Technology (RegTech) market, which supports these compliance efforts, is projected to exceed $22 billion by mid-2025.

Here's a quick look at some of the key financial and operational metrics supporting these value propositions as of late 2025:

Metric Category	Specific Data Point	Value/Amount
Workforce Solutions Revenue (Q2 2025)	Total Revenue	$662.1 million
Verification Services Revenue Growth (Q2 2025)	Year-over-Year Growth	10%
U.S. Information Solutions Revenue (Q3 2025)	Total Revenue	$530.2 million
USIS Online Information Solutions Revenue Growth (Q3 2025)	Year-over-Year Growth	12%
Equifax Cloud Investment (Multi-year)	Total Investment	Approximate $3 billion
Government Vertical CAGR (Last Five Years)	Compound Annual Growth Rate	20%

The pivot to leveraging the Equifax Cloud is designed to deliver competitive advantages through faster data transmission speeds and industry-leading security. This infrastructure supports the delivery of multi-data solutions by enhancing the keying and linking of data assets. Finance: draft 13-week cash view by Friday.

Equifax Inc. (EFX) - Canvas Business Model: Customer Relationships

You're looking at how Equifax Inc. manages its connections with the diverse groups it serves, from massive banks to individuals checking their own scores. It's a mix of deep partnership and high-volume automation, which is key to their model.

For the big enterprise players-think major lenders or large employers-the relationship is definitely high-touch and consultative. This is where the specialized data and analytics solutions shine. We see this reflected in the segment performance; for instance, in the second quarter of 2025, U.S. Information Solutions (USIS) revenue climbed 9% year-over-year, and the Mortgage revenue within that segment saw a strong 14% growth, suggesting deep integration with financial institutions.

When it comes to the employer side, which feeds the Workforce Solutions segment, the dedicated account management is critical for integrating services like The Work Number. As of early 2025, the database had 4.2 million employers contributing payroll records. This scale requires dedicated teams to manage those large, ongoing service contracts. The Workforce Solutions segment itself saw revenue up 8% in Q2 2025, driven by strong growth in Verification Services.

The automated, self-service portals are the backbone for transactional access, primarily for consumers or smaller businesses pulling standard reports. While direct consumer revenue numbers aren't broken out granularly in the latest reports, the sheer scale of the underlying data is massive. As of October 2025, total U.S. consumer debt tracked by Equifax Inc. stood at $18.09 trillion.

Subscription-based services, like ongoing credit monitoring and identity protection, are a growing focus. This is where the relationship shifts from a one-time transaction to recurring revenue. The company is pushing new product innovation, which often includes these recurring features, contributing to the overall revenue growth. For example, the company raised its full-year 2025 revenue guidance by $35 million in Q2 2025, partly due to strong new product momentum.

Here's a quick look at how the main business units, which represent different customer relationship types, were performing in the second quarter of 2025:

Segment	Q2 2025 Revenue (Reported)	Year-over-Year Growth	Q2 2025 Adjusted EBITDA Margin
Workforce Solutions	$662.1 million	8%	53.3%
USIS	$521.5 million	9%	35.0%
International	Not explicitly stated for Q2 2025	6% (Constant Currency)	26.4%

The success in the USIS segment, with its 11% revenue growth in Q3 2025, shows the enterprise side is definitely driving value. Also, the growth in Verification Services revenue by 10% in Q2 2025 highlights the strength in the employer/workforce relationship channel.

The company is clearly focused on embedding its data across the entire customer lifecycle for its enterprise clients, from risk and fraud to acquisition. For you, this means understanding that the high-touch sales cycle is directly tied to the performance of the USIS and Workforce Solutions segments, which together made up about $1.18 billion of the $1.54 billion total revenue in Q3 2025.

Equifax Inc. (EFX) - Canvas Business Model: Channels

You're looking at how Equifax Inc. gets its value propositions into the hands of its customers across its main segments. It's a mix of high-touch sales and scalable digital delivery, which makes sense given their $5.943B in trailing twelve months (TTM) revenue as of September 30, 2025.

The direct sales effort targets large institutional buyers, like financial institutions, employers, and government agencies. The government vertical, a key target for direct sales, currently generates about $800 million in revenue, showing a 20% CAGR over the last five years. This direct engagement supports the Workforce Solutions segment, which posted revenue of $649.4 million in the third quarter of 2025, up 5% year-over-year.

Digital platforms and APIs are the backbone for real-time data access, especially for the USIS (U.S. Information Solutions) segment. This segment delivered strong revenue growth of 11% in the third quarter of 2025. The shift to digital delivery is evident as close to 85% of Equifax Inc.'s revenue now runs on the EFX Cloud. This cloud infrastructure supports the delivery of solutions that drove 26% growth in USIS Mortgage revenue during Q3 2025.

For consumers, the channel is primarily self-service via digital properties. While specific consumer app/website metrics aren't broken out, the overall USIS Consumer portion is part of the segment driving that 11% growth. The company supports nearly 15,000 employees worldwide, which underpins the service delivery across all channels.

Strategic technology and data reseller partners broaden market reach, particularly in new areas. Equifax Inc. signed 15 new strategic partnerships in 2024, adding to 48 partnerships signed since the beginning of 2021. This partner ecosystem helps drive growth in areas like Talent Solutions, which stands at $400 million and targets a $4 billion Total Addressable Market (TAM). The International segment, which grew 7% in local currency in Q3 2025, also relies on these expanded distribution channels.

Channel Component	Associated Metric / Financial Data	Time Period / Context
Direct Sales (Government Vertical)	Revenue of approximately $800 million	As of late 2025 (implied by recent reporting)
Digital Platform Delivery (EFX Cloud)	Close to 85% of revenue	As of early 2025
Strategic Partner Expansion	15 new partnerships signed	2024
Digital Platform Impact (USIS Mortgage)	Revenue growth of 26%	Q3 2025
Overall Company Revenue	$1.545 billion	Q3 2025

The company is focused on accelerating growth through these channels, raising its full-year 2025 reported revenue Guidance midpoint by $40 million following strong Q3 results.

• Direct Sales Target (Government): Government vertical revenue of $800 million.
• Digital Platform Integration: Nearly 85% of revenue running on EFX Cloud.
• Partner Channel Growth: 48 strategic partnerships signed since the start of 2021.
• USIS Segment Growth: Revenue up 11% in Q3 2025.

Equifax Inc. (EFX) - Canvas Business Model: Customer Segments

You're looking at the core groups Equifax Inc. serves to generate its revenue, which hit $1.545 billion in operating revenue for the third quarter of 2025 alone. The company raised its full-year 2025 revenue guidance to a midpoint of $6.03-$6.06 billion based on this strong performance. These customers fall into distinct buckets, each relying on Equifax Inc.'s data and analytics for critical decision-making.

The customer base is segmented across its major reporting units, with Workforce Solutions (EWS) and U.S. Information Solutions (USIS) being the largest contributors based on trailing twelve months (TTM) revenue as of September 30, 2025. Here's a breakdown of the primary segments and how they performed recently:

Customer Segment Focus	Primary Equifax Inc. Segment	Q3 2025 Revenue Contribution/Growth Metric	Latest Available Financial Data Point
Financial Institutions (Credit Risk)	USIS (Credit Reporting)	U.S. Mortgage revenue growth: +13% (Q3 2025)	Mortgage hard credit inquiries were down about 7% in Q3 2025.
Employers and HR departments	Workforce Solutions (Employer Services)	Employer Services revenue: $95.8 million (Q3 2025)	Employer Services revenue growth: +1% year-over-year (Q3 2025).
Government Agencies	Workforce Solutions (Verification Services)	Workforce Solutions revenue: $649.4 million (Q3 2025)	Government vertical growth within Verification Services: high single digit (Q3 2025).
Individual Consumers	US Global Consumer Solutions (GCS)	GCS TTM Revenue (as of Sep 30, 2025): $356.60 million	EWS active records were up 9% versus last year (Q3 2025).
Non-Financial Businesses	USIS (Non-Mortgage) & EWS (Non-Mortgage)	USIS Non-Mortgage revenue growth: +5% (Q3 2025)	EWS Non-Mortgage revenue growth: +7% (Q3 2025).

The Financial Institutions segment, which covers mortgage, auto, card, and personal loans, is heavily served by the USIS division. You saw strong performance here, with U.S. Mortgage revenue climbing 13% in the third quarter of 2025, even as the underlying mortgage market faced headwinds. To be fair, the overall mortgage market decline, as measured by hard credit inquiries, was a drag of almost 150 basis points on the total revenue growth rate for the full year 2025. Still, Consumer Lending within Workforce Solutions saw growth of 20% in Q3 2025.

For Employers and HR departments, the Workforce Solutions segment is key. Total EWS revenue grew 5% in Q3 2025. Within that, the Employer Services line, which handles employment and income verification, brought in $95.8 million in the quarter, marking a modest 1% increase year-over-year. You should note that Equifax Inc. continues to see some weakness in I-9 and onboarding revenue due to the softer hiring market across both blue and white-collar roles.

Government Agencies are a significant driver within Verification Services. This vertical showed high single-digit growth in the third quarter of 2025, helping boost the overall 5% revenue growth for Workforce Solutions. This speaks to the essential nature of compliance and benefits verification services Equifax Inc. provides to federal and state entities.

The Individual Consumers segment accesses services like credit monitoring and identity protection, primarily through the US Global Consumer Solutions unit. While specific revenue for this line item isn't always broken out quarterly, the TTM revenue for US Global Consumer Solutions as of September 30, 2025, was $356.60 million. Also, the total number of active records used across EWS, which includes consumer-facing verification, was up 9% versus the prior year in Q3 2025.

Finally, Non-Financial Businesses-think insurance, retail, and telecom-use Equifax Inc.'s data for risk scoring and marketing. This business is split between USIS and EWS. In Q3 2025, the Non-Mortgage portion of EWS grew revenue by 7%, and the Non-Mortgage portion of USIS grew by 5%. These businesses are clearly finding value in the data assets, especially as Equifax Inc. pushes new products leveraging its Cloud and AI capabilities, which drove a 16% Vitality Index in the quarter.

• Workforce Solutions (EWS) represented approximately 42% of TTM revenue as of September 30, 2025.
• U.S. Information Solutions (USIS) represented approximately 34.3% of TTM revenue as of September 30, 2025.
• The company operates or has investments in 24 countries across North America, South America, Europe, and Asia Pacific.
• The overall reported revenue growth for Q3 2025 was 7% year-over-year.

Finance: draft 13-week cash view by Friday.

Equifax Inc. (EFX) - Canvas Business Model: Cost Structure

When you look at the cost side of Equifax Inc.'s business model as of late 2025, you see a company heavily weighted toward technology and the sheer volume of data it manages. The expenses reflect a massive, ongoing commitment to maintaining and advancing its core data assets and cloud platform.

The largest chunk of recurring operational outlay falls under Cost of Services, which, excluding depreciation and amortization, hit $1,984.4 million for the nine months ended September 30, 2025. This category directly covers the high technology and data processing costs you'd expect, including the operational expenses tied to the EFX Cloud infrastructure, which now powers over 85% of the company's revenue. This is where the cost of running the global data engines lives.

Your corporate overhead, captured in Selling, General and Administrative Expenses (SG&A), was $1,193.2 million for the same nine-month period in 2025. This figure naturally absorbs elevated corporate and legal expenses. While specific litigation accruals for the 2017 cybersecurity incident are often adjusted out for non-GAAP metrics, the ongoing compliance and regulatory environment definitely keeps this SG&A line item substantial.

The investment in future capabilities is clear when you look at the balance sheet supporting technology. The asset value for Capitalized internal-use software and system costs stood at $3,003.3 million as of September 30, 2025. This number shows the significant, multi-year investment in New Product Innovation (NPI) and building out the EFX.AI capabilities, which are designed to drive future revenue growth.

Personnel costs are a major driver across both service delivery and innovation. Equifax Inc. supports its global operations with nearly 14.9K employees as of September 2025. You know that a significant portion of these individuals are the specialized data scientists and engineers required to manage, secure, and innovate on those massive global credit and employment files, which is a non-negotiable, high-cost component of data acquisition and maintenance.

Here's a quick look at the key expense components for the nine months ended September 30, 2025, compared to the prior year:

Cost Component (In millions USD)	Nine Months Ended Sep 30, 2025	Nine Months Ended Sep 30, 2024
Cost of Services (exclusive of D&A)	$1,984.4	$1,903.7
Selling, General and Administrative Expenses	$1,193.2	$1,105.7
Total Employees (Approximate)	14.9K	~15.0K (Based on Q3 2024 data)

The focus on innovation is also evidenced by the results it generates. For the third quarter of 2025, the New Product Vitality Index reached 16%, which is well above the company's long-term goal of 10%. That success is a direct result of the capital you see being spent on NPI and EFX.AI.

The data acquisition and maintenance costs are inherently tied to the Cost of Services line, as Equifax Inc. must continuously ingest, clean, and secure data from its numerous sources globally to keep its credit and employment files current. This foundational cost is what enables the high-growth segments like Verification Services, which saw revenue up 5% in Q3 2025 for Non-Mortgage verification.

Finance: review the Q4 2025 expense forecast against the Q3 run-rate by next Tuesday.

Equifax Inc. (EFX) - Canvas Business Model: Revenue Streams

You're looking at how Equifax Inc. actually brings in the money, which is key for any valuation model you're drafting. Honestly, it breaks down into three main buckets: Workforce Solutions, U.S. Information Solutions (USIS), and International, all feeding off their massive data assets.

The overall picture for the year is pretty solid, based on the latest check-in. Equifax Inc. revised its full-year 2025 reported revenue guidance midpoint to approximately $6.045 billion. This upward revision followed a strong third quarter performance.

A significant driver of this revenue is the ongoing success of their newer offerings. Revenue from New Product Innovation (NPI) is expected to contribute a full-year 2025 Vitality Index of 13%, which is above their stated long-term goal. To give you a sense of the momentum, the Vitality Index hit a quarterly record of 16% in the third quarter of 2025.

Now, let's drill down into the specific revenue streams you asked about, using the latest segment data available from late 2025. The Workforce Solutions segment, which represented about 43% of total revenues as of May 2025, relies heavily on recurring fees.

• - Subscription fees for Workforce Solutions (EWS) Verification Services are a core component. For the third quarter of 2025, Verification Services revenue alone was $553.6 million, reflecting a 5% year-over-year increase. The overall EWS segment revenue grew 5% in Q3 2025.

The transactional fees from the USIS and International segments make up the rest of the story. The USIS segment, which was about 35% of revenue, is where you see the credit report and score activity. In the third quarter of 2025, USIS revenue grew 11%, with U.S. Mortgage revenue showing very strong growth of 26%.

Here's a quick look at how the core transactional revenue lines performed in Q3 2025, which is the latest snapshot we have for these specific fee drivers:

Revenue Stream Component	Segment	Q3 2025 Growth Rate	Q3 2025 Revenue (Millions USD)
Verification Services Revenue	Workforce Solutions	5%	$553.6
U.S. Mortgage Revenue	USIS	26%	Not explicitly stated for Q3, but growth rate is key
Non-Mortgage Revenue	USIS	5%	Not explicitly stated for Q3
International Revenue (Local Currency)	International	7%	Not explicitly stated for Q3

Data and analytics licensing fees for marketing and risk management solutions are embedded within the USIS and International results. For instance, in the first quarter of 2025, the Financial Marketing Services revenue within USIS saw a 10% increase. Furthermore, in response to competitor pricing actions, Equifax Inc. announced in October 2025 that it would offer its VantageScore 4.0 mortgage credit scores at a committed price of $4.50 per score for two years. This is a direct pricing lever in their transactional revenue stream, designed to hold or decrease pricing for customers moving to VantageScore in 2026.