0001552033-26-000012
SEC filingTransUnion reported solid financial performance for fiscal year 2025, with revenue of $4.58 billion and net income attributable to TransUnion of $455.4 million. The company generated strong operating cash flow of $987.6 million, which supported capital expenditures of $326.0 million, resulting in free cash flow of $661.6 million. Key profitability metrics included operating income of $857.8 million and basic earnings per share of $2.00. The company maintained a strong balance sheet with total assets of $11.11 billion and stockholders' equity of $4.55 billion, though it carried significant long-term debt of $4.91 billion. Strategic initiatives included continued investment in the OneTru solutions enablement platform, expansion into international markets, and the launch of a new direct-to-consumer product with free and paid tiers.
TransUnion delivered solid financial results for fiscal year 2025, reporting revenue of $4.58 billion and net income attributable to TransUnion of $455.4 million. The company generated operating income of $857.8 million, representing an operating margin of 18.7%. Basic earnings per share were $2.00. The company maintained a strong cash position with $853.6 million in cash and cash equivalents at year-end, though this represented a decrease from the prior period's ending balance of $585.3 million. Total assets stood at $11.11 billion, supported by significant intangible assets including $5.26 billion in goodwill and $3.10 billion in other intangibles. The company's debt position remained substantial with long-term debt of $4.91 billion and current portion of long-term debt of $196.9 million.
The company's revenue concentration remains significant in the U.S. financial services and consumer credit industries. According to risk factor disclosures, the U.S. Markets Financial Services vertical accounted for approximately 37% of consolidated gross revenues in 2025, while the Consumer Interactive vertical accounted for approximately 13% of consolidated gross revenues. The company operates in two reportable segments: U.S. Markets and International, with Corporate expenses reported separately. The company has expanded its presence in attractive international markets including Canada, Latin America, the U.K., Africa, India and the Asia Pacific region. Growth drivers include expansion of data assets, enhancement of analytics capabilities, and development of innovative solutions through the OneTru platform.
TransUnion achieved a gross margin of 59.2% for fiscal year 2025, calculated from revenue of $4.58 billion minus cost of services of $1.87 billion. Operating expenses totaled $3.72 billion, including selling, general and administrative expenses of $1.26 billion and depreciation and amortization of $574.8 million. The company reported restructuring expenses of $6.8 million. Operating income of $857.8 million represented an operating margin of 18.7%. Interest expense of $235.8 million and interest income of $33.2 million resulted in net interest expense that impacted overall profitability. The provision for income taxes was $173.1 million.
The company generated strong operating cash flow of $987.6 million for fiscal year 2025, driven by net income of $469.9 million adjusted for non-cash items including depreciation and amortization of $574.8 million and stock-based compensation of $145.6 million. Investing activities used $331.7 million, primarily for capital expenditures of $326.0 million and investments in affiliates. Financing activities used $494.6 million, including debt repayments of $78.5 million, dividends to shareholders of $90.5 million, and repurchases of common stock of $302.0 million. The balance sheet shows total assets of $11.11 billion, with current assets of $2.02 billion including cash and cash equivalents of $853.6 million and trade accounts receivable of $905.0 million. Total liabilities were $6.57 billion, resulting in stockholders' equity of $4.55 billion.
The company faces several risk factors including concentration in the U.S. financial services industry, significant competition in its markets, and cybersecurity risks. The company experienced a cyberattack in July 2025 that exposed personal data of 4.4 million consumers, though this incident was not material to TransUnion and did not affect core credit database operations. Strategic priorities include enhancing underlying data, technology and analytics capabilities through the OneTru platform, further penetration of existing industry verticals, expansion into new adjacent verticals, and growth in attractive international markets. The company expects to complete the acquisition of majority ownership of Trans Union de Mexico in the first quarter of 2026 and intends to migrate the U.S. credit business to OneTru in 2026 with subsequent international deployment.