Equifax Inc. (EFX): Canvas du modèle commercial [Jan-2025 MISE À JOUR]

Dans le monde complexe des services financiers basés sur les données, Equifax Inc. est un titan d'informations de crédit et de gestion des risques, exerçant un vaste modèle commercial qui transforme les données brutes en informations puissantes. En parcourant des réseaux complexes d'institutions financières, des fournisseurs de technologies et des échanges de données mondiaux, Equifax a conçu un écosystème sophistiqué qui offre des solutions de crédit complètes aux entreprises et aux consommateurs. Des analyses prédictives avancées aux cadres de cybersécurité robustes, le canevas du modèle commercial de l'entreprise révèle un plan stratégique qui génère non seulement des revenus substantiels mais joue également un rôle essentiel dans les processus de prise de décision financière modernes.

Equifax Inc. (EFX) - Modèle commercial: partenariats clés

Bureau de crédit et institutions financières

Equifax maintient des partenariats stratégiques avec:

Type de partenaire	Nombre de partenariats	Valeur de collaboration annuelle
Grandes banques	2,300+	487 millions de dollars
Coopératives de crédit	1,100+	213 millions de dollars
Institutions financières régionales	5,600+	672 millions de dollars

Fournisseurs de technologies et d'analyse de données

Les partenariats technologiques clés comprennent:

• IBM: Cloud Infrastructure Partnership
• Microsoft Azure: Solutions de traitement des données
• Google Cloud: plateformes d'analyse avancées

Partenaire technologique	Valeur du contrat	Durée
Ibm	124 millions de dollars	5 ans
Microsoft Azure	98 millions de dollars	3 ans

Agences gouvernementales et organismes de réglementation

Réseaux de collaboration réglementaires:

Agence	Focus de la collaboration	Budget de conformité annuel
Commission du commerce fédéral	Protection des consommateurs	3,2 millions de dollars
Bureau de protection financière des consommateurs	Normes de rapport de données	2,7 millions de dollars

Entreprises de cloud computing et de cybersécurité

Détails du partenariat de cybersécurité:

• Palo Alto Networks: Détection des menaces
• Crowdsstrike: Security Endpoint Security
• Splunk: Gestion des informations de sécurité

Partenaire de cybersécurité	Valeur du contrat	Portée du service
Réseaux palo alto	76 millions de dollars	Protection avancée des menaces
Cowsterrike	62 millions de dollars	Surveillance de la sécurité des points finaux

Réseaux d'échange de données mondiaux

Portée du partenariat international:

Région	Nombre de partenaires de données	Volume annuel d'échange de données
Amérique du Nord	4,200+	1,2 milliard d'enregistrements
Europe	1,800+	480 millions d'enregistrements
Asie-Pacifique	1,500+	350 millions d'enregistrements

Equifax Inc. (EFX) - Modèle d'entreprise: activités clés

Notation du crédit et évaluation des risques

Equifax traite environ 3,2 milliards de fichiers de crédit à l'échelle mondiale. Le volume annuel de génération de rapports de crédit atteint 1,5 milliard de rapports. Les algorithmes d'évaluation des risques analysent 820 millions de profils de crédit à la consommation individuels.

Métrique	Volume
Dossiers de crédit traités	3,2 milliards
Rapports de crédit annuels	1,5 milliard
Profils de crédit à la consommation	820 millions

Collecte et agrégation de données

Equifax regroupe les données de plus de 10 000 institutions financières. La collecte de données s'étend sur 24 pays avec 6 500 employés dédiés à la gestion de l'information.

• Sources de données: banques, sociétés de cartes de crédit, prêteurs hypothécaires
• Couverture géographique: 24 pays
• Travail de gestion des données: 6 500 employés

Services de vérification de l'identité

Equifax traite 500 millions de transactions de vérification d'identité par an. Les algorithmes de détection de fraude empêchent 2,5 milliards de dollars de pertes financières potentielles.

Métrique de service	Volume annuel
Transactions de vérification d'identité	500 millions
Prévention des pertes de fraude	2,5 milliards de dollars

Développer des plateformes d'analyse prédictive

L'investissement dans les plateformes d'analyse prédictive atteint 350 millions de dollars par an. Modèles d'apprentissage automatique Processus 2.1 Petaoctets de données chaque semaine.

• Investissement annuel de R&D: 350 millions de dollars
• Traitement hebdomadaire des données: 2.1 pétaoctets
• Développement du modèle AI / ML: 180 scientifiques des données

Gestion de la cybersécurité et de la protection des données

Budget de cybersécurité: 275 millions de dollars. 450 Les professionnels de la cybersécurité dédiés gèrent l'infrastructure de protection des données. Investissements annuels de conformité: 125 millions de dollars.

Métrique de la cybersécurité	Montant
Budget de cybersécurité	275 millions de dollars
Personnel de cybersécurité	450 professionnels
Investissements de conformité	125 millions de dollars

Equifax Inc. (EFX) - Modèle d'entreprise: Ressources clés

Bases de données massives de crédit aux consommateurs et aux entreprises

En 2024, Equifax maintient une base de données de plus de 800 millions de fichiers de consommation individuels et de plus de 100 millions de dossiers commerciaux dans le monde. La base de données de l'entreprise englobe:

Catégorie de base de données	Nombre de dossiers
Fichiers de consommation individuels	800 millions
Dossiers commerciaux	100 millions
Couverture géographique mondiale	24 pays

Technologies d'analyse de données avancées

Equifax investit considérablement dans l'infrastructure de technologie des données:

• Dépenses annuelles de R&D: 675 millions de dollars en 2023
• Infrastructure de cloud computing: 220 millions de dollars investis
• Capacités de traitement des données: 10 pétaoctets de données traitées quotidiennement

Algorithmes d'apprentissage automatique propriétaires

Les capacités technologiques d'Equifax comprennent:

Catégorie d'algorithme	Capacités spécifiques
Modélisation prédictive des risques	98,3% de précision dans l'évaluation des risques de crédit
Algorithmes de détection de fraude	Taux de détection en temps réel de 99,7%

Professionnels de science et de cybersécurité qualifiés

Composition de la main-d'œuvre en 2024:

• Total des employés: 13 500
• Scientifiques des données: 1 200
• Spécialistes de la cybersécurité: 650
• Tenure moyenne des employés: 7,3 ans

Infrastructure technologique robuste

Détails de l'infrastructure technologique:

Composant d'infrastructure	Caractéristiques
Centres de données	12 centres de données primaires
Time de disponibilité du réseau	Fiabilité de 99,99%
Investissement en cybersécurité	Budget annuel de cybersécurité de 180 millions de dollars

Equifax Inc. (EFX) - Modèle d'entreprise: propositions de valeur

Solutions complètes de gestion des risques de crédit

Equifax fournit des solutions de gestion des risques de crédit avec les mesures clés suivantes:

Catégorie de solution	Revenus annuels	Couverture du marché
Solutions de risque de crédit d'entreprise	1,2 milliard de dollars	90% des entreprises du Fortune 500
Services de risque de crédit commercial	685 millions de dollars	Plus de 5 000 institutions financières

Informations de crédit aux consommateurs précises et opportunes

Equifax maintient des bases de données complètes de crédit à la consommation:

• Records totaux de crédit à la consommation: 800 millions d'individus
• Taux de précision de la cote de crédit: 99,4%
• Mises à jour du rapport de crédit mensuel: 200 millions d'enregistrements

Services de protection contre le vol d'identité

Les offres de protection d'identité Equifax comprennent:

Niveau de service	Coût d'abonnement mensuel	Abonnés actifs
Protection de base de l'identité	$9.95	1,2 million d'abonnés
Protection d'identité premium	$19.95	750 000 abonnés

Capacités avancées de détection de fraude

Métriques technologiques de détection de fraude:

• Précision de détection de fraude: 97,6%
• Économies annuelles de la prévention de la fraude: 1,3 milliard de dollars
• Modèles d'apprentissage automatique: 250+ modèles algorithmiques

Informations financières personnalisées

Répartition du service des informations financières:

Catégorie de perspicacité	Revenus annuels	Clientèle
Aperçu financier des entreprises	450 millions de dollars	25 000 clients d'entreprise
Perspectives financières des consommateurs	275 millions de dollars	15 millions d'utilisateurs individuels

Equifax Inc. (EFX) - Modèle d'entreprise: relations clients

Plates-formes de libre-service numériques automatisées

Equifax propose MyEquifax.com, une plate-forme numérique avec 28,5 millions d'utilisateurs enregistrés actifs au troisième trimestre 2023. La plate-forme fournit:

• Accès du rapport de crédit en ligne 24/7
• Surveillance des cotes de crédit en temps réel
• Services de protection contre le vol d'identité

Métrique de la plate-forme	2023 données
Utilisateurs numériques actifs	28,5 millions
Connects de compte en ligne	372 millions par an
Téléchargements d'applications mobiles	5,6 millions

Canaux de support client dédiés

Equifax maintient plusieurs canaux de support client avec:

• Prise en charge du téléphone: 1-888-378-4329
• Assistance par e-mail: temps de réponse de 24 à 48 heures
• Services de chat en direct

Services de surveillance de crédit personnalisés

Equifax fournit des packages de surveillance du crédit à plusieurs niveaux:

Niveau de service	Coût mensuel	Caractéristiques
Basic	$9.95	Suivi des points de crédit
Prime	$19.95	Protection de l'identité
Ultime	$29.95	Surveillance complète

Rapport de crédit régulier et mise à jour de score

Equifax fournit des mises à jour mensuelles de rapport de crédit avec:

• Changements de score en temps réel
• Notifications d'alerte de crédit
• Rapports complets trimestriels

Mécanismes de règlement des litiges en ligne

Statistiques de règlement des différends numériques:

Contester la métrique	2023 données
Différends en ligne traités	4,2 millions
Temps de résolution moyen	14 jours ouvrables
Taux d'achèvement des litiges numériques	87%

Equifax Inc. (EFX) - Modèle commercial: canaux

Portails Web numériques

Equifax exploite plusieurs portails Web numériques avec les caractéristiques spécifiques suivantes:

• MyEquifax.com: 26,5 millions d'utilisateurs enregistrés actifs au T2 2023
• Portail de solutions de main-d'œuvre: sert plus de 7 500 clients d'entreprise
• Trafic de portail numérique annuel: 312 millions de visiteurs uniques

Type de portail	Utilisateurs actifs mensuels	Contribution annuelle des revenus
Portail de consommation	8,2 millions	187 millions de dollars
Portail des solutions commerciales	4,6 millions	423 millions de dollars

Applications mobiles

Les canaux mobiles Equifax comprennent:

• Application mobile de cote de crédit: 12,3 millions de téléchargements
• Engagement des utilisateurs de l'application mobile: 67% Taux actif mensuel
• Volume de transactions mobiles: 48,6 millions de transactions en 2023

Équipes de vente directes

Composition de la force de vente Equifax:

• Représentants des ventes totales: 1 842
• Ventes annuelles moyennes par représentant: 1,2 million de dollars
• Taille de l'équipe de vente d'entreprise: 386 gestionnaires de comptes d'entreprise spécialisés

Partenaires de service financier tiers

Catégorie de partenaire	Nombre de partenaires	Revenus de partenariat annuel
Institutions bancaires	612	276 millions de dollars
Compagnies d'assurance	287	142 millions de dollars
Coopératives de crédit	1,204	98 millions de dollars

Intégrations de logiciels d'entreprise

Métriques des canaux de logiciels d'entreprise:

• Partenariats totaux d'intégration des logiciels: 214
• Volume de connexion API: 3,2 milliards d'appels API mensuels
• Revenus de logiciels d'entreprise annuels: 512 millions de dollars

Type d'intégration	Nombre d'intégrations	Volume de transaction annuel
CRM basé sur le cloud	87	1,6 milliard de transactions
Systèmes ERP	62	892 millions de transactions
Plateformes de gestion des risques	65	743 millions de transactions

Equifax Inc. (EFX) - Modèle d'entreprise: segments de clientèle

Institutions financières

Equifax dessert plus de 2 400 institutions financières dans le monde, notamment des banques, des coopératives de crédit et des organisations de prêt.

Type d'institution	Pénétration du marché	Contribution annuelle des revenus
Banques commerciales	68%	412 millions de dollars
Coopératives de crédit	22%	134 millions de dollars
Banques d'investissement	10%	61 millions de dollars

Marchés de crédit à la consommation

Equifax couvre environ 800 millions de profils de crédit à la consommation individuels dans le monde.

• Consommateurs nord-américains: 540 millions de profils
• Consommateurs européens: 180 millions de profils
• Consommateurs latino-américains: 80 millions de profils

Petites et moyennes entreprises

Equifax fournit des services de gestion des crédits et des risques à 4,7 millions de petites et moyennes entreprises dans le monde.

Taille de l'entreprise	Nombre de clients	Dépenses annuelles moyennes
Micro-entreprises	2,1 millions	$1,200
Petites entreprises	1,8 million	$3,500
Entreprises moyennes	800,000	$8,700

GRANDES clients d'entreprise

Equifax dessert 1 200 grands clients d'entreprises dans plusieurs secteurs.

• Fortune 500 Companies: 72% de couverture du marché
• Valeur du contrat annuel moyen: 250 000 $
• Industries servies: services financiers, soins de santé, vente au détail, technologie

Agences gouvernementales

Equifax fournit des services à 350 agences gouvernementales aux niveaux fédéral, étatique et local.

Niveau du gouvernement	Nombre d'agences	Valeur du contrat annuel
Fédéral	85	43 millions de dollars
État	220	27 millions de dollars
Locale	45	8 millions de dollars

Equifax Inc. (EFX) - Modèle d'entreprise: Structure des coûts

Maintenance des infrastructures technologiques

Equifax a déclaré des dépenses de technologie et de traitement des données de 1,2 milliard de dollars en 2022. Les investissements technologiques totaux de la société ont atteint 755 millions de dollars en 2023.

Catégorie de coûts technologiques	Dépenses annuelles
Infrastructure cloud	345 millions de dollars
Maintenance matérielle	215 millions de dollars
Licence de logiciel	195 millions de dollars

Acquisition et traitement des données

Equifax a dépensé environ 412 millions de dollars pour les coûts d'acquisition et de traitement des données en 2023.

• Procurement des données auprès des institutions financières: 187 millions de dollars
• Vérification et validation des données: 125 millions de dollars
• Systèmes d'intégration des données: 100 millions de dollars

Investissements de recherche et développement

Les dépenses de R&D pour Equifax ont totalisé 340 millions de dollars en 2023.

Zone de focus R&D	Investissement
IA et apprentissage automatique	145 millions de dollars
Analytique prédictive	105 millions de dollars
Technologies de cybersécurité	90 millions de dollars

Compliance et dépenses réglementaires

Les frais liés à la conformité pour Equifax ont atteint 275 millions de dollars en 2023.

• Conseil juridique et réglementaire: 115 millions de dollars
• Infrastructure de conformité: 85 millions de dollars
• Systèmes de rapports réglementaires: 75 millions de dollars

Coûts de cybersécurité et de protection des données

Les investissements en cybersécurité ont totalisé 425 millions de dollars en 2023.

Catégorie de cybersécurité	Dépenses annuelles
Infrastructure de sécurité	185 millions de dollars
Systèmes de détection des menaces	140 millions de dollars
Capacités de réponse aux incidents	100 millions de dollars

Equifax Inc. (EFX) - Modèle d'entreprise: Strots de revenus

Services de surveillance du crédit basés sur l'abonnement

Revenus annuels des services d'abonnement aux consommateurs: 657 millions de dollars en 2022

Niveau de service	Prix ​​mensuel	Abonnés estimés
Surveillance de base du crédit	$9.95	2,3 millions
Protection de crédit premium	$19.95	1,1 million

Solutions de gestion des risques d'entreprise

Total des solutions d'entreprise Revenus: 1,2 milliard de dollars en 2022

• Services d'évaluation des risques commerciaux commerciaux
• Solutions de conformité des entreprises
• Plateformes de vérification des entreprises

Licence de données et ventes d'informations

Revenus de licences annuelles sur les données: 892 millions de dollars en 2022

Segment de clientèle	Contribution des revenus
Institutions financières	456 millions de dollars
Agences gouvernementales	223 millions de dollars
Clients des entreprises	213 millions de dollars

Frais de vérification d'identité

Revenus de services de vérification de l'identité: 345 millions de dollars en 2022

• Authentification de l'identité numérique
• Services de dépistage des antécédents
• Vérification de l'emploi

Services de détection et de prévention de la fraude

Revenus de prévention de la fraude: 521 millions de dollars en 2022

Type de service	Revenus annuels
Logiciel de détection de fraude	276 millions de dollars
Protection contre le vol d'identité	245 millions de dollars

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.