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.

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

• Raised full-year 2026 guidance for revenue, Adjusted EBITDA, and Adjusted Diluted EPS, reflecting robust first-half performance and ongoing commercial momentum.

• Continued execution of platform modernization and innovation strategy, with significant progress on OneTru migrations and ~40 new AI-enabled product launches.

• Major acquisitions included a controlling interest in TransUnion de Mexico and the mobile division of RealNetworks, expanding international presence and capabilities.

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 grew 13% to $1.23, $0.08 above guidance high end.

• U.S. Markets revenue up 11% organically, led by Financial Services (up 18%) and Emerging Verticals (up 9%).

• International revenue up 6% organically, with notable growth in Latin America (172%), Canada (10%), India (8%), and the UK (9%).

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

Outlook and guidance

• Full-year 2026 guidance raised: revenue $5,127–$5,162 million (12–13% growth, 8–9% organic constant currency), Adjusted EBITDA $1,807–$1,827 million (10–11% growth), Adjusted Diluted EPS $4.75–$4.83 (11–12% growth).

• Q3 2026 revenue guidance: $1,292–$1,310 million (up 11–12%), Adjusted EBITDA $455–$463 million, Adjusted Diluted EPS $1.18–$1.21.

• Guidance reflects strong momentum but incorporates conservatism due to macroeconomic uncertainty, including inflation, interest rates, and geopolitical risks.

• Mortgage revenue growth guidance unchanged at 28% (6% excluding FICO), with conservative assumptions for H2 due to higher rates.

• Guidance assumes mid to high single-digit mortgage inquiry declines for the year.