10-Q · July 28, 2026
TransUnion delivered strong Q2 growth, with revenue up 14.9% to $1.310 billion, GAAP operating income up 34.2% to $258.0 million, and GAAP diluted EPS up to $0.74 from $0.56. Growth was led by U.S. Financial Services…
Earnings analysis · 10-Q
TRU earnings analysis
Filed October 27, 2026 · Our reading of the company's report
The latest report
TransUnion delivered $1.313 billion of Q3 revenue, up 12.2% year over year and modestly above consensus, while GAAP diluted EPS increased to $0.81 from $0.49 and adjusted EPS beat consensus by 5.9%. The company…
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TransUnion delivered $1.313 billion of Q3 revenue, up 12.2% year over year and modestly above consensus, while GAAP diluted EPS increased to $0.81 from $0.49 and adjusted EPS beat consensus by 5.9%. The company maintained its previously reported full-year revenue outlook and $4.81-$4.88 adjusted EPS guidance, but the filing excerpt does not provide current-quarter operating margin, free cash flow, or quantified segment revenue. The principal balance-sheet risk disclosed is interest-rate exposure, with essentially all debt variable-rate and only 69.8% hedged.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.81
- Gross margin
- 100.0%
What stood out
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Revenue growth and consensus beat
Revenue was $1.313 billion, up 12.2% year over year from $1.17 billion in 2025 Q3 and above the $1.307 billion consensus estimate by approximately $6 million, or 0.4%.
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EPS materially exceeded prior year
GAAP diluted EPS was $0.81 versus $0.49 in 2025 Q3, an increase of $0.32, or approximately 65.3%. Adjusted EPS was $1.25 versus the $1.18 consensus estimate, a $0.07, or 5.9%, beat.
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Expanded share repurchase authorization
The company authorized an additional $1.0 billion of repurchases on October 26, 2026, bringing aggregate authorization to $2.0 billion; $1.60475 billion of shares were purchased under the plan during the quarter and $456.8 million remained available at September 30, 2026.
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Controls remained effective
Management concluded that disclosure controls were effective as of September 30, 2026, and reported no changes in internal controls that materially affected or were reasonably likely to materially affect them during the quarter.
What to watch
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Variable-rate debt exposure
Essentially all outstanding debt was variable-rate as of September 30, 2026. A 10% change in average Term SOFR would have increased annual interest expense by approximately $6.2 million, indicating meaningful earnings sensitivity to rates.
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Unhedged interest-rate exposure
Only 69.8% of variable-rate debt was hedged with interest-rate swaps as of September 30, 2026, leaving approximately 30.2% exposed to rate movements. The company also has a $1.0 billion senior secured revolving credit facility.
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Capital allocation and liquidity risk
The company repurchased 1,604,750 shares under its public plan during the quarter at an average price of $79.18, while $456.8 million remained available under the plan at September 30, 2026. Continued repurchases could compete with debt reduction, acquisitions, or other liquidity uses.
Management's outlook
The filing excerpt does not provide new numeric guidance. The prior 8-K maintained full-year 2026 revenue guidance at $5.131 billion-$5.162 billion and raised Adjusted Diluted EPS guidance to $4.81-$4.88; Q4 revenue guidance was $1.264 billion-$1.294 billion and Adjusted Diluted EPS guidance was $1.15-$1.22.
Earlier filings 4
10-Q · April 28, 2026
TransUnion reported Q1 revenue of $1,245.7 million, up $149.9 million or 13.7% year-over-year, driven by strength in U.S. Financial Services and sizable international growth in Latin America. GAAP net income…
10-K · February 27, 2026
TransUnion emphasizes its OneTru platform and AI-enabled product roadmap (TruVision, TruIQ, TruValidate, TruAudience) to expand identity, fraud and analytics solutions across >30 countries. FY2025 quarterly results show…
10-K · February 13, 2025
TransUnion positions itself as a global information & analytics platform built around its OneTru identity/insights platform and enhanced by the December 2021 Neustar acquisition, serving customers in over 30 countries…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.