Strong Financial Performance in 2024
Equifax reported a revenue increase of almost 8% in 2024, with adjusted EPS up over 8.5%. Free cash flow was $813 million, up 58%, and debt leverage was reduced to under three turns.
Significant Progress in Cloud Transformation
Equifax completed consumer cloud customer migrations in several countries, achieving close to 85% of revenue in the new Equifax cloud, resulting in $300 million in spending reductions.
New Strategic Partnerships and Product Growth
The EWS team signed 15 new strategic partnerships in 2024, including Workday, contributing to a record year with 188 million active records. The Vitality Index was at 12%, above the 10% goal, generating about $650 million in new product revenue.
First Quarter with Adjusted EBITDA Over $500 Million
Equifax achieved a milestone with adjusted EBITDA over $500 million in Q4 2024, a first in the company's history.
International Revenue Growth
International revenue was up 11% in constant currency, driven by strong growth in Latin America, Canada, and Australia.