Abstract

TransUnion will report second-quarter 2026 results on July 28, 2026 Pre-MKt; this preview summarizes last quarter’s performance, consensus expectations for revenue, profitability and adjusted EPS, and the key drivers analysts will watch.

Market Forecast

Consensus points to second-quarter 2026 revenue of 1.28 billion US dollars, adjusted EPS of 1.15, and EBIT of 270.16 million US dollars, implying year-over-year growth of 16.66%, 15.52%, and 20.59%, respectively; gross margin and net margin guidance for the quarter are not disclosed. The main business outlook centers on continued lift from U.S. Information Services as new data products and marketing measurement capabilities scale across customer workflows, with International providing complementary growth. Within the portfolio, U.S. Financial Services appears the most promising engine, having delivered 1.70 billion US dollars in revenue in fiscal 2025 and 17.50% year-over-year growth, a trajectory investors will look to see sustained in the quarter.

Last Quarter Review

In the prior quarter, TransUnion delivered revenue of 1.25 billion US dollars (up 13.69% year over year), a gross profit margin of 58.30%, GAAP net profit attributable to shareholders of 397.00 million US dollars, a net profit margin of 31.88%, and adjusted EPS of 1.18 (up 12.38% year over year). A key financial highlight was the sharp quarter-on-quarter rebound in GAAP net profit, which increased by 292.39%. In terms of business mix, U.S. Information Services contributed 975.10 million US dollars (78.28% of revenue) and International contributed 274.00 million US dollars (approximately 22.00% of revenue), supporting the company’s double-digit top-line growth.

Current Quarter Outlook

U.S. Information Services

U.S. Information Services remains the principal revenue contributor and the focal point for earnings sensitivity this quarter. The segment’s prior-quarter contribution of 975.10 million US dollars (78.28% of company revenue) underscores the scale at which pricing, volumes, and new-product adoption can influence consolidated results. With consensus modeling total revenue growth of 16.66% and EBIT growth of 20.59%, incremental operational leverage at this segment is central to bridging the spread between top-line and EBIT growth. Execution around data enrichment and identity capabilities embedded in advertising and credit workflows is another determinant for mix and pricing; the recently launched YouTube attribution measurement with Alphabet’s Google (announced May 21, 2026) and the expansion of TruIQ Data Enrichment on the Snowflake AI Data Cloud (announced June 3, 2026) should translate into broader deployment across accounts. Cost discipline from the ongoing transformation program and automation initiatives provides a margin backstop, which, if sustained, can keep adjusted EPS growth (expected at 15.52% year over year) aligned with or ahead of revenue growth even without explicit gross margin guidance.

U.S. Financial Services as Growth Engine

Within the U.S. portfolio, Financial Services continues to screen as the clearest growth engine. For fiscal 2025, U.S. Financial Services revenue reached 1.70 billion US dollars with 17.50% year-over-year growth, outpacing other categories and setting a higher base entering 2026. Momentum drivers now include improved decisioning signals and alternative data that can widen addressable use cases while maintaining risk controls. The July 16, 2026 introduction of alternative credit signals for mortgage decisioning is timely, as it enhances lenders’ ability to assess borrower quality and could support incremental inquiry and origination activity as housing markets respond to rate dynamics. Downstream, better conversion and lower fraud/charge-off outcomes for customers can underpin stickier usage and budget allocations across underwriting, account management, and marketing, creating a virtuous cycle that supports multi-product expansion. If these capabilities spur higher inquiry velocity and activation, revenue mix should tilt toward higher-value analytics and decisioning, aiding unit economics and EBIT flow-through.

Key Stock Price Drivers This Quarter

Three elements are likely to drive the stock into and through the print. First, the degree to which revenue growth translates into EBIT and adjusted EPS matters, given consensus calls for 20.59% EBIT growth and 15.52% adjusted EPS growth; any evidence that transformation-plan savings and mix shift can expand operating leverage will be read positively. Second, adoption metrics for newer data and identity products—such as the YouTube attribution measurement and Snowflake-native enrichment—serve as early indicators of sustainable premium pricing and cross-sell, especially in marketing use cases that are less rate-sensitive. Third, signals from lending and mortgage decisioning will be scrutinized for volume stability and risk trends, where the company’s alternative credit attributes could enable share capture without sacrificing customer outcomes. Secondary considerations include the cadence of share repurchases authorized in 2025 and the durability of International performance as currency and local macro move through midyear, but these are likely to play a smaller role than U.S. execution and operating leverage.

Analyst Opinions

Bullish views are dominant in the period from January 1, 2026 to July 21, 2026, with four positive ratings and no bearish calls among noted updates, establishing a clear majority. RBC Capital’s Ashish Sabadra maintained a Buy rating with a 100.00 US dollars price target on January 29, 2026 and reiterated the Buy on April 6, 2026, highlighting confidence in growth and margin execution. Needham’s Kyle Peterson reaffirmed a Buy rating and a 95.00 US dollars price target on February 1, 2026, citing strong cash conversion and resilient fundamentals even as sector multiples compressed. William Blair’s Andrew Nicholas reaffirmed an Outperform (Buy) on February 4, 2026, pointing to the combination of recent outperformance and a prudent 2026 framework as supportive of risk/reward. In aggregate, these positive stances align with a mid-90s to low-100s fair-value band and reflect the view that sequential operating leverage, expanding analytics adoption, and disciplined capital deployment can keep adjusted EPS compounding at a mid-teens pace in the near term.