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TransUnion: What Matters Now Is FICO Mortgage Dependency Not The Headline Revenue Beat!

TransUnion reported a strong start to 2026, exceeding first quarter guidance across revenue, adjusted EBITDA, and adjusted diluted earnings per share (EPS). The company achieved 11% organic constant currency revenue growth, surpassing the 8% to 9% guidance range. Excluding FICO mortgage royalties, revenue grew 7%, driven by a 14% increase in U.S. markets. Financial Services led growth with a 24% increase, excluding FICO royalties up 14%, benefiting from volume growth, pricing actions, and sales momentum across credit and non-credit solutions. Emerging verticals, including insurance and the public sector, also contributed to growth, while international revenue was flat organically, reflecting mixed results across regions. Canada, the U.K., and Africa performed well, while India declined mid-single digits but is expected to recover gradually. TransUnion completed two acquisitions: TransUnion de Mexico, increasing global footprint and market leadership, and RealNetworks Mobile division, enhancing messaging capabilities in Trusted Call Solutions.