TransUnion (TRU) 2026 RBC Capital Markets Global Financial Institutions Conference summary

State of consumer credit and lending

• Consumer credit and lending have remained strong and stable over the past two years, with stable delinquencies and improving origination volumes across most lending classes.

• Fintech lending has rebounded after a slowdown in 2022–2023, contributing to overall loan volume growth.

• Economic resilience is noted despite geopolitical risks and fluctuating oil prices, with lending volumes holding steady.

• Diversification across products and geographies has provided revenue and margin durability.

Midterm guidance and growth outlook

• Medium-term guidance targets high single-digit revenue growth, based on current market trends and stable U.S. lending volumes.

• Guidance does not rely on new innovations but on existing or soon-to-launch products.

• Mortgage normalization to 2019 levels could add $1 EPS upside; other lending lines like auto and card could also provide upside if volumes normalize.

• Fintech revenue is about $140 million, growing at nearly 20% and seen as a strength.

• The next-generation platform and rapid customer conversion are expected to drive future outperformance.

Innovation and platform strategy

• $500 million in innovation-led revenue is expected over the next three years, driven by new products on the OneTru platform.

• Unified data across credit, marketing, fraud, and consumer enablement enables faster innovation and growth.

• Transition from heavy investment to leveraging the platform for accelerated growth.