Equifax posts record Q1 revenue on U.S. mortgage surge

Equifax posts record Q1 revenue on U.S. mortgage surge

The credit reporting company beat its February guidance midpoint by $37 million, though it held its full-year outlook amid rate uncertainty tied to the Iran conflict

Equifax Credits AI Tools for Record $1.6 Billion Quarter

Equifax delivered record first-quarter revenue, driven in part by artificial intelligence-powered new product innovation, the company said in a Tuesday (April 21) earnings release. The global data, analytics and technology company’s gains were also driven by 38% growth in U.S. mortgage revenue, primarily in January and February before the Iran war drove up interest rates, and 6% growth in local currency in its Diversified Markets busin…