TransUnion (TRU) Q4 2025 earnings summary

Executive summary

• Q4 and full-year 2025 results exceeded guidance, with organic revenue up 12% and U.S. market up 16% year-over-year.

• Adjusted diluted EPS grew 10% in Q4, or 14% excluding tax rate reset impact; full-year Adjusted EBITDA margin reached 36%.

• Completed major tech transformation on time and within budget, driving innovation, operational efficiency, and ~$130M annual OpEx savings.

• Returned $390 million to shareholders via buybacks and dividends in 2025; quarterly dividend raised to $0.125 per share.

• Announced and completed strategic acquisitions, including Monevo and majority stake in TransUnion de México (expected to close H1 2026).

Financial highlights

• Q4 2025 revenue: $1.171B, up 13% year-over-year; Adjusted EBITDA: $417M, up 10%; margin 35.6%.

• Full-year 2025 revenue: $4.6B, up 9%; Adjusted EBITDA: $1.65B, margin 36%.

• Adjusted Diluted EPS for Q4: $1.07, up 10% year-over-year.

• U.S. Markets revenue up 16% organic constant currency; Financial Services up 19%, Emerging Verticals up 16%.

• International Q4 revenue up 4%; Canada up 13%, U.K. up 10%, India down 4%.

Outlook and guidance

• 2026 organic constant currency revenue growth guided at 8%-9%; Adjusted EBITDA up 7%-8%; Adjusted Diluted EPS up 8%-10%.

• Q1 2026 revenue guidance: $1.195B–$1.205B (+9–10% YoY); Adjusted Diluted EPS: $1.08–$1.10.

• Full-year 2026 Adjusted EBITDA: $1.76B–$1.78B; margin: 35.5–35.7%.

• Guidance excludes TransUnion de México acquisition, expected to close H1 2026.

• Free cash flow conversion expected at 90%+ of adjusted net income in 2026.