Company Reports

In its fiscal first-quarter trading update, Experian reported 7% organic revenue growth, consistent with its full-year 6%-8% outlook. As is often the case, the company left its outlook unchanged after the first quarter.

After reviewing Experian’s moat rating, we are downgrading our Morningstar economic moat rating to narrow from wide.

Along with Equifax and TransUnion, Experian is one of the Big Three credit bureaus. Experian's US core credit bureau business is relatively mature and, as a result, the company has been expanding through adjacent products and in emerging markets.

Experian reported 9% organic revenue in its fiscal fourth quarter. As is customary, Experian gave its fiscal 2027 outlook which calls for organic revenue growth of 6%-8% and 50 basis points of margin expansion.

Along with Equifax and TransUnion, Experian is one of the Big Three credit bureaus. Experian's US core credit bureau business is relatively mature and, as a result, the company has been expanding through adjacent products and in emerging markets.

As of midday April 10, Fair Isaac shares were down as much as 14% in intraday trading. Shares of credit bureaus TransUnion and Equifax were down as much as 5% and 4%, respectively.

Fair Isaac shares fell 21% between March 9 and March 11, underperforming peers TransUnion (down 7%) and Equifax (down 8%) as well as the Morningstar US Market Index (up 1%) over the same period.

Along with Equifax and TransUnion, Experian is one of the Big Three credit bureaus. Experian's US core credit bureau business is relatively mature and, as a result, the company has been expanding through adjacent products and in emerging markets.

In intraday trading on Feb. 3, a broad group of information-services companies, such as rating agencies, data providers, index providers, credit bureaus, and others, are seeing share price declines of 5% or more.

Experian reported organic revenue growth of 8% during its fiscal third-quarter update, consistent with the 9% and 8% growth seen in the second and first quarters, respectively. Experian also maintained its fiscal 2026 outlook. Shares of Experian finished the London session down 5%.

Along with Equifax and TransUnion, Experian is one of the Big Three credit bureaus. Experian's US core credit bureau business is relatively mature and, as a result, the company has been expanding through adjacent products and in emerging markets.

Experian reported a strong first half of fiscal 2026, with 8% organic growth. In addition, the firm provided commentary on its VantageScore strategy. Despite the firm now guiding to 8% organic growth in fiscal 2026 (compared with a previously stated 6%-8% range), shares declined by 4%.

Along with Equifax and TransUnion, Experian is one of the Big Three credit bureaus. Experian's US core credit bureau business is relatively mature and, as a result, the company has been expanding through adjacent products and in emerging markets.

In its trading update, Experian reported 8% organic revenue growth for its first fiscal quarter. The company maintained its outlook of 6%-8% organic revenue growth for the full year.

Experian reported 7% organic revenue growth in its fourth quarter, resulting in fiscal 2025 organic revenue growth of 7%. For fiscal 2026, Experian expects 6%-8% organic revenue growth.

Along with Equifax and TransUnion, Experian is one of the Big Three credit bureaus. Experian's US core credit bureau business is relatively mature and, as a result, the company has been expanding through adjacent products and in emerging markets.

Wide-moat Experian was mostly steady in the firm’s fiscal third quarter. Organic revenue grew 6%, roughly in line with the 7% reported in the first and second quarters. We note that the prior-year period had some increased breach activity, which can be lumpy. Given these steady results, Experian did not alter its revenue and margin outlook for fiscal 2025. As we incorporate these results, we will maintain our fair value estimate of $50 (GBX 3,900) per share and view shares as modestly undervalued.

Along with Equifax and TransUnion, Experian is one of the Big Three credit bureaus. Experian's US core credit bureau business is relatively mature and, as a result, the company has been expanding through adjacent products and in emerging markets.

Wide-moat Experian was mostly steady in its second fiscal quarter. Organic revenue grew 7% in the second quarter, the same rate as the first quarter. Overall, there was little in the earnings release that would alter our long-term view of the firm. As we incorporate its results, we will maintain our fair value estimate of GBX 3,900 and regard shares as being roughly fairly valued.

Wide-moat-rated Experian reported 7% organic revenue growth in its first fiscal quarter, which compares favorably with 8% in the fourth quarter. Experian maintained its full-year outlook for organic revenue growth of 6%-8% and adjusted margin expansion of 30 to 50 basis points. Overall, there was little in its trading update that would alter our long-term view of the firm. We will maintain our fair value estimate of GBX 3,900 per share. We regard the shares as being modestly undervalued and currently prefer Experian's peer TransUnion from a valuation perspective.