Equifax Management
Management criteria checks 2/4
Equifax's CEO is Mark Begor, appointed in Apr 2018, has a tenure of 8.25 years. total yearly compensation is $23.42M, comprised of 6.4% salary and 93.6% bonuses, including company stock and options. directly owns 0.077% of the company’s shares, worth $15.68M. The average tenure of the management team and the board of directors is 5.8 years and 8.5 years respectively.
Key information
Mark Begor
Chief executive officer
US$23.4m
Total compensation
| CEO salary percentage | 6.40% |
| CEO tenure | 8.3yrs |
| CEO ownership | 0.08% |
| Management average tenure | 5.8yrs |
| Board average tenure | 8.5yrs |
Recent management updates
Recent updates
Narrative Update • Jun 17
EFX: Identity Protection Expansion And Q1 Execution Will Support Long Term Earnings Power
Equifax's updated analyst price target now stands slightly lower at about $223. This reflects a modest recalibration of fair value after mixed target changes from several firms, with analysts citing their latest Q1 readthroughs and refreshed views across the business and information services group.Narrative Update • Jun 02
EFX: Global Identity Partnerships And Marketing Reset Will Support Long Term Earnings Power
Analysts have trimmed their average price target on Equifax to about $224 from roughly $229, reflecting modest tweaks to revenue growth, profit margin, discount rate and future P/E assumptions after recent sector wide target resets and fresh coverage. Analyst Commentary Recent research on Equifax shows a mix of cautious recalibration and continued confidence in the company, with most price target moves coming as part of broader sector updates after first quarter results.Seeking Alpha • May 06
Equifax: Downgrading To Hold On Near-Term Uncertainty
Summary Equifax is downgraded to hold after a strong Q1 2026, with concerns about the sustainability of growth and margin leverage. Q1 revenue grew 14% y/y to $1.65B, driven by mortgage activity and robust Workforce Solutions (EWS) performance. Management did not raise 2026 guidance despite the beat, signaling caution on the earnings outlook and macro-driven mortgage recovery. EFX’s valuation is undemanding, but lack of margin expansion and mortgage dependency limit near-term rerating potential. Read the full article on Seeking AlphaNarrative Update • Apr 25
EFX: AI And Marketing Reset Will Support Long Term Earnings Power
Analysts trimmed the Equifax fair value estimate by about $7 to $229.19. Lower price targets from several firms, slightly higher discount rate assumptions, and a reduced revenue growth outlook were only partly balanced by a higher projected profit margin and a lower future P/E multiple.Narrative Update • Apr 11
EFX: AI Credit Tools And Marketing Reset Will Support Future Upside
Analysts have slightly reduced the average Equifax price target, with a modeled fair value moving from about $237.35 to $236.05. This change reflects updated views on discount rates, growth assumptions and recent target cuts across the Street.Narrative Update • Mar 26
EFX: AI Credit Tools And Marketing Shift Will Support Future Upside
Analysts have made only a small trim to the Equifax fair value estimate to $237.35, as recent price target cuts sit alongside views that the $1 VantageScore pricing move is mainly marketing and that sector wide expectations for revenue, EPS and free cash flow growth remain intact. Analyst Commentary Recent commentary around Equifax reflects a split between analysts who see the latest headlines as more noise than substance and those who are recalibrating their assumptions and price targets more cautiously.Narrative Update • Mar 11
EFX: AI Credit Tools And Buy Rating Will Shape Future Upside
Analysts have trimmed their average price target for Equifax by about $1 to $237.60, reflecting slightly higher discount rate assumptions, even as they factor in modestly stronger revenue growth, somewhat lower profit margins, and a higher future P/E after a recent wave of target reductions, alongside a fresh $250 Buy-level target from BofA. Analyst Commentary Recent Street research around Equifax reflects a mix of optimism on the long term earnings profile and caution around execution risks and valuation, especially after a cluster of price target cuts.Narrative Update • Feb 23
EFX: Credit Score Shift And AI Tools Will Shape Future Upside
Analysts have modestly trimmed their aggregate fair value estimate for Equifax to about $238.55 from $243.15, reflecting slightly higher discount rate and lower profit margin assumptions, while they continue to reference supportive long term growth expectations and a recent $250 price target from renewed coverage. Analyst Commentary Recent Street research on Equifax reflects a mix of cautious recalibration and ongoing confidence in the company’s long term earnings power.Narrative Update • Feb 08
EFX: Credit Score Shift And AI Risk Tools Will Support Future Upside
Analysts have trimmed their price targets on Equifax, reflected in a lower fair value estimate from $262.75 to $243.15, as they recalibrate P/E expectations and discount rates following a series of target cuts across the Street, while still modeling steady revenue growth and profit margins. Analyst Commentary Recent Street research on Equifax shows a clear reset in expectations, with a cluster of firms cutting price targets by amounts ranging from the mid teens to the low $40s.Narrative Update • Jan 24
EFX: Credit Score Competition And AI Fraud Tools Will Support Future Upside
Analysts have trimmed their price target on Equifax by about US$2 to US$262.75, citing updated assumptions around revenue growth, profit margins and future P/E that slightly adjust their overall valuation view. What's in the News The Federal Housing Finance Agency opened the door for VantageScore to compete with FICO in the home loan market, with Equifax, Experian and TransUnion owning VantageScore and potentially reshaping how mortgage credit scores are priced and sourced (Bloomberg).Narrative Update • Jan 08
EFX: High Entry Barriers Will Support Future Upside From Credit Score Competition
Analysts have trimmed their price targets on Equifax slightly, with one moving to a Hold at US$242 and another adjusting to US$271. These changes reflect updated views on growth, margins and future P/E assumptions following expected headwinds from FICO's Mortgage Direct License Program.Narrative Update • Dec 25
EFX: High Entry Barriers Will Support Future Outperformance Amid Mortgage Licensing Shift
Analysts have nudged their average price target for Equifax slightly lower, trimming fair value by approximately $0.50 to around $266.75 as they factor in modestly higher long term revenue growth and durable high quality assets, but also incremental earnings pressure and potential headwinds from FICO's new Mortgage Direct License Program. Analyst Commentary Analysts remain divided on Equifax, with views shaped by the competitive implications of FICO's Mortgage Direct License Program and the durability of Equifax's core data assets.Narrative Update • Dec 11
EFX: High Entry Barriers Will Sustain Resilience Amid FICO Mortgage License Headwinds
Analysts have nudged their average price target for Equifax slightly lower, trimming fair value by about $0.55 to roughly $267.25, as they factor in modestly higher long term headwinds from FICO's Mortgage Direct License Program and related credit bureau competition, despite still solid growth and margin assumptions. Analyst Commentary Street research reflects a mixed but generally constructive stance on Equifax, with views diverging around how disruptive FICO's Mortgage Direct License Program will ultimately be to the company's growth, margins, and valuation.Narrative Update • Nov 26
EFX: High Entry Barriers Will Sustain Core Resilience Amid Mortgage Score Disruption
Equifax's analyst price target has edged down by $0.50 to $267.80, as analysts cite near-term pressures on growth and profitability due to mortgage industry headwinds and changing competitive dynamics. Analyst Commentary Recent Street research highlights a mix of optimistic and cautious perspectives regarding Equifax's prospects, especially as the company navigates industry changes and competitive pressures.Narrative Update • Nov 09
EFX: Durable Competitive Advantages Will Offset Revenue Headwinds From Mortgage License Shift
Analysts have lowered their fair value estimate for Equifax to $268.30 from $272. They cite potential headwinds from industry changes and cautious revenue growth assumptions.Narrative Update • Oct 26
New Competitive Pressures And Regulatory Shifts Will Shape Market Leadership
Equifax's fair value estimate has been revised down from $277.70 to $272.00. Analysts cite ongoing revenue growth and margin pressures resulting from new industry headwinds and increased competition in the credit services market.Narrative Update • Oct 12
Government Verification And Cloud Migration Will Secure Future Advantage
Equifax's analyst price target has decreased from $280.50 to $277.70, as analysts note heightened industry headwinds and ongoing uncertainty following recent market and regulatory developments. Analyst Commentary Recent research reports highlight both opportunities and challenges for Equifax, as analysts adjust price targets and revisit expectations in light of evolving industry conditions and company-specific developments.Analysis Article • Jul 19
Returns On Capital Are Showing Encouraging Signs At Equifax (NYSE:EFX)
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Seeking Alpha • Apr 24
Equifax: Fundamentals Are Better Than Expected, But Macro Risks Haven't Cleared
Summary I maintain a hold rating on Equifax despite a strong 1Q25 performance, as macro risks like high mortgage rates and poor hiring trends persist. Equifax's 1Q25 results exceeded expectations with $1.442 billion revenue and a 29.3% adj. EBITDA margin, driven by growth in all segments. New growth drivers, including the SSA deal and The Work Number platform, are showing strong potential, enhancing Equifax's long-term outlook. Despite positive fundamentals, near-term caution is warranted due to volatile mortgage volumes and hiring trends, along with macroeconomic uncertainties. Read the full article on Seeking AlphaSeeking Alpha • Apr 14
Equifax Q1 Preview: Management's Thoughts On Outlook Should Be Interesting
Summary Analysts expect Equifax Inc.'s Q1 '25 results to show minimal growth, with EPS estimates at $1.41 adjusted and $1.00 GAAP on $1.42B revenue. Key concerns include weak U.S. mortgage and hiring markets, with 16 downward EPS revisions adding uncertainty to the upcoming results. Focus areas include U.S. mortgage inquiry declines, Workforce Solutions headwinds, and international performance, particularly in Brazil and Europe. Given the lackluster top-line growth and macroeconomic uncertainties, I don't recommend buying EFX stock before the earnings announcement. Read the full article on Seeking AlphaSeeking Alpha • Feb 11
Equifax: Near-Term Weakness That May Lead To Guidance Revision (Rating Downgrade)
Summary I am downgrading Equifax stock to a hold rating due to weak FY25 guidance, soft mortgage inquiry outlook, and hiring market pressures. Despite solid 4Q24 results and medium-term growth potential, the near-term earnings outlook is poor with decelerating revenue and EPS growth. Elevated mortgage rates and declining hiring volumes are significant headwinds, limiting EFX's ability to sustain recent growth rates. The current 30x forward P/E valuation lacks margin of safety; I prefer waiting for a better entry point or clearer macro recovery signs. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$699m |
| Dec 31 2025 | US$23m | US$2m | US$660m |
| Sep 30 2025 | n/a | n/a | US$659m |
| Jun 30 2025 | n/a | n/a | US$640m |
| Mar 31 2025 | n/a | n/a | US$612m |
| Dec 31 2024 | US$15m | US$2m | US$604m |
| Sep 30 2024 | n/a | n/a | US$563m |
| Jun 30 2024 | n/a | n/a | US$583m |
| Mar 31 2024 | n/a | n/a | US$558m |
| Dec 31 2023 | US$13m | US$2m | US$545m |
| Sep 30 2023 | n/a | n/a | US$521m |
| Jun 30 2023 | n/a | n/a | US$524m |
| Mar 31 2023 | n/a | n/a | US$587m |
| Dec 31 2022 | US$37m | US$2m | US$696m |
| Sep 30 2022 | n/a | n/a | US$710m |
| Jun 30 2022 | n/a | n/a | US$750m |
| Mar 31 2022 | n/a | n/a | US$764m |
| Dec 31 2021 | US$16m | US$2m | US$744m |
| Sep 30 2021 | n/a | n/a | US$697m |
| Jun 30 2021 | n/a | n/a | US$720m |
| Mar 31 2021 | n/a | n/a | US$605m |
| Dec 31 2020 | US$14m | US$2m | US$520m |
| Sep 30 2020 | n/a | n/a | US$470m |
| Jun 30 2020 | n/a | n/a | US$322m |
| Mar 31 2020 | n/a | n/a | US$289m |
| Dec 31 2019 | US$14m | US$2m | -US$384m |
Compensation vs Market: Mark's total compensation ($USD23.42M) is above average for companies of similar size in the US market ($USD14.46M).
Compensation vs Earnings: Mark's compensation has increased by more than 20% in the past year.
CEO
Mark Begor (68 yo)
8.3yrs
Tenure
US$23,420,134
Compensation
Mr. Mark W. Begor served as Director since October 16, 2023, and Independent Director at NCR Atleos Corporation. He has been working as Non-Executive Director at Raymond James Financial, Inc. since May 202...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.3yrs | US$23.42m | 0.077% $ 15.7m | |
| Executive VP | 12.2yrs | US$8.06m | 0.039% $ 8.0m | |
| Executive VP & CTO | 1.6yrs | US$6.11m | 0.028% $ 5.8m | |
| Executive VP & Chief Legal Officer | 1.3yrs | US$4.68m | 0.011% $ 2.3m | |
| Executive VP & President of Workforce Solutions | 2.2yrs | US$7.03m | 0.00019% $ 38.9k | |
| Chief Accounting Officer & Corporate Controller | 7.8yrs | no data | 0.0029% $ 596.2k | |
| Senior Vice President of Corporate Investor Relations | 4.3yrs | no data | no data | |
| Executive VP and Chief Marketing & Communications Officer | 1.3yrs | no data | no data | |
| Executive VP & Chief Corporate Development and Strategy Officer | 5.8yrs | no data | 0.0052% $ 1.1m | |
| Executive VP & Chief Human Resources Officer | 7.3yrs | no data | 0.0097% $ 2.0m | |
| Executive VP & President of International | no data | no data | 0.0071% $ 1.5m | |
| Executive VP & Chief Product Officer | 6.2yrs | no data | 0.011% $ 2.3m |
5.8yrs
Average Tenure
54.5yo
Average Age
Experienced Management: EFX's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.3yrs | US$23.42m | 0.077% $ 15.7m | |
| Independent Chairman of the Board | 19.3yrs | US$503.04k | 0.021% $ 4.3m | |
| Independent Director | 17.8yrs | US$365.54k | 0.013% $ 2.7m | |
| Independent Director | 12.7yrs | US$375.54k | 0.011% $ 2.3m | |
| Independent Director | 8.8yrs | US$355.27k | 0.0078% $ 1.6m | |
| Independent Director | 5.7yrs | US$342.68k | 0.0053% $ 1.1m | |
| Independent Director | 5.4yrs | US$356.04k | no data | |
| Independent Director | 9.8yrs | US$383.04k | 0.0045% $ 917.9k | |
| Independent Director | 3.4yrs | US$335.54k | 0.0012% $ 247.9k | |
| Independent Director | 2.2yrs | US$353.04k | no data |
8.5yrs
Average Tenure
64.5yo
Average Age
Experienced Board: EFX's board of directors are considered experienced (8.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/05 03:00 |
| End of Day Share Price | 2026/07/02 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Equifax Inc. is covered by 33 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jasper Hellweg | Argus Research Company |
| Jeffrey Meuler | Baird |
| Manav Patnaik | Barclays |