TransUnion Raises 2026 Adjusted EPS Outlook After Beating High End

The Tip Desk · November 8, 2026 · 4 min read

Adjusted diluted earnings were $1.25 a share, up 14% from a year earlier, as the company lifted the high end of its full-year adjusted EPS range to $4.81–$4.88.

TransUnion (TRU), the global information and insights company, reported third-quarter 2026 revenue of $1,312 million, up 12% from a year earlier, or 8% on an organic constant currency basis, after 15% growth (10% organic constant currency) in the second quarter.

The company said it exceeded the high end of its guidance for both diluted earnings per share and adjusted diluted earnings per share. Net income attributable to TransUnion was $156 million, or $0.81 a share, compared with $97 million, or $0.49 a share, in the third quarter of 2025. Net income margin was 11.9%. Adjusted net income was $242 million, and adjusted diluted earnings per share were $1.25, up 14% from $1.10 a year earlier.

Adjusted EBITDA was $465 million, up 9% (5% organic constant currency) from $425 million in the third quarter of 2025, after 12% growth (7% organic constant currency) in the second quarter. Adjusted EBITDA margin was 35.4%, compared with 36.3% a year earlier.

President and CEO Chris Cartwright said U.S. Markets revenue grew 7%, led by U.S. Financial Services and Insurance, and that International accelerated to 10% growth on an organic constant currency basis, including 18% growth in India.

U.S. Markets revenue was $977 million, up 7% (7% organic constant currency), after 11% growth in the second quarter. Financial Services revenue was $485 million, up 11% (11% organic constant currency). Emerging Verticals revenue was $351 million, up 6% (6% organic constant currency). Consumer Interactive revenue was $140 million, down 3% (3% organic constant currency). U.S. Markets Adjusted EBITDA was $353 million, up 1% (1% organic constant currency).

International revenue was $339 million, up 30% as reported (10% organic constant currency), after 6% organic constant currency growth in the second quarter. International Adjusted EBITDA was $156 million, up 39% as reported (20% organic constant currency). Latin America revenue was $99 million, up 193% as reported (18% organic constant currency), reflecting Trans Union de Mexico. India revenue was $74 million, up 8% as reported (18% organic constant currency). Canada revenue was $46 million, up 5% as reported (7% organic constant currency). United Kingdom revenue was $75 million, up 5% (5% organic constant currency). Africa revenue was $22 million, up 15% as reported (6% organic constant currency). Asia Pacific revenue was $24 million, up 3% organic constant currency.

Cash and cash equivalents were $883 million at September 30, 2026. For the nine months ended September 30, 2026, cash provided by operating activities was $889 million, compared with $668 million in 2025. Cash used in investing activities was $754 million, compared with $307 million in 2025, due primarily to acquisitions of Trans Union de Mexico and the mobile division of RealNetworks, partially offset by proceeds from the sale of two investments and a prior-year note receivable. Capital expenditures were $201 million, or 5% of revenue, compared with $229 million, or 7%, in 2025. Cash used in financing activities was $86 million, compared with $301 million in 2025.

The company said it increased the pace of share repurchases, for a total of $243 million year-to-date, and expects to repurchase up to $500 million of shares in 2026. On October 26, 2026, the board increased the share repurchase authorization by $1 billion to $2 billion in total and declared a cash dividend of $0.135 a share, up from $0.125, for the third quarter of 2026, payable November 25.

Cartwright said the company is maintaining the high end of 2026 guidance for revenue and raising guidance for adjusted diluted EPS, balancing business momentum against rising interest rates and overall market uncertainty. The company continues to expect 2026 to mark a third consecutive year of at least high-single digit organic constant currency revenue growth and double-digit adjusted diluted EPS growth.

For the three months ended December 31, 2026, TransUnion guides revenue of $1,264 million to $1,294 million, or 8% to 10% as reported and 3% to 6% organic constant currency. Full-year 2026 revenue guidance is $5,131 million to $5,162 million, or 12% to 13% as reported and 8% to 9% organic constant currency. Fourth-quarter adjusted diluted EPS guidance is $1.15 to $1.22 a share, or 7% to 14% growth; full-year adjusted diluted EPS guidance is $4.81 to $4.88 a share, or 12% to 13% growth. Fourth-quarter adjusted EBITDA guidance is $450 million to $468 million, or 8% to 12% as reported; full-year adjusted EBITDA guidance is $1,808 million to $1,827 million, or 10% to 11% as reported. The company said the impact of recent acquisitions is expected to be approximately 5 points of benefit for the fourth quarter and approximately 4 points for the full year, and that the impact of FICO mortgage royalty is expected to be approximately 1 point of benefit for the fourth quarter and approximately 3 points for the full year.