| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||
| TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
| ☒ | ☐ | No | ||||||||||||
| ☒ | ☐ | No | ||||||||||||
| ☒ | ☐ | Accelerated filer | ||||||||||||
| ☐ | Non-accelerated filer | Smaller reporting company | ||||||||||||
Emerging growth company | ||||||||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | |||||
| Yes | ☒ | No | ||||||||||||
| Page | |||||
Consolidated Statements of Operations | |||||
| March 31, 2026 | December 31, 2025 | |||||||||||||
| Assets | ||||||||||||||
| Current assets: | ||||||||||||||
| Cash and cash equivalents | $ | $ | ||||||||||||
Trade accounts receivable, net of allowance of $ | ||||||||||||||
| Other current assets | ||||||||||||||
| Total current assets | ||||||||||||||
Property, plant and equipment, net of accumulated depreciation and amortization of $ | ||||||||||||||
| Goodwill | ||||||||||||||
Other intangibles, net of accumulated amortization of $ | ||||||||||||||
| Other assets | ||||||||||||||
| Total assets | $ | $ | ||||||||||||
| Liabilities and stockholders’ equity | ||||||||||||||
| Current liabilities: | ||||||||||||||
| Trade accounts payable | $ | $ | ||||||||||||
Current portion of long-term debt | ||||||||||||||
| Other current liabilities | ||||||||||||||
| Total current liabilities | ||||||||||||||
| Long-term debt | ||||||||||||||
| Deferred taxes | ||||||||||||||
| Other liabilities | ||||||||||||||
| Total liabilities | ||||||||||||||
| Stockholders’ equity: | ||||||||||||||
Preferred stock, $ | ||||||||||||||
Common stock, $ | ||||||||||||||
| Additional paid-in capital | ||||||||||||||
Treasury stock at cost; | ( | ( | ||||||||||||
| Retained earnings | ||||||||||||||
| Accumulated other comprehensive loss | ( | ( | ||||||||||||
| Total TransUnion stockholders’ equity | ||||||||||||||
| Noncontrolling interests | ||||||||||||||
| Total stockholders’ equity | ||||||||||||||
| Total liabilities and stockholders’ equity | $ | $ | ||||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| Revenue | $ | $ | ||||||||||||
| Operating expenses | ||||||||||||||
| Cost of services (exclusive of depreciation and amortization below) | ||||||||||||||
| Selling, general and administrative | ||||||||||||||
| Depreciation and amortization | ||||||||||||||
| Total operating expenses | ||||||||||||||
Operating income | ||||||||||||||
| Non-operating income and (expense) | ||||||||||||||
| Interest expense | ( | ( | ||||||||||||
| Interest income | ||||||||||||||
| Earnings from equity method investments | ||||||||||||||
Gain on acquisition of affiliate | ||||||||||||||
Other income and (expense), net | ( | |||||||||||||
| Total non-operating income and (expense) | ( | |||||||||||||
Income before income taxes | ||||||||||||||
| Provision for income taxes | ( | ( | ||||||||||||
Net income | ||||||||||||||
Less: net income attributable to noncontrolling interests | ( | ( | ||||||||||||
Net income attributable to TransUnion | $ | $ | ||||||||||||
Basic earnings per common share from: | ||||||||||||||
Net income attributable to TransUnion | $ | $ | ||||||||||||
| Diluted earnings per common share from: | ||||||||||||||
| Net income attributable to TransUnion | $ | $ | ||||||||||||
| Weighted-average shares outstanding: | ||||||||||||||
| Basic | ||||||||||||||
| Diluted | ||||||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| Net income | $ | $ | ||||||||||||
| Other comprehensive income (loss): | ||||||||||||||
| Foreign currency translation: | ||||||||||||||
| Foreign currency translation adjustment | ( | |||||||||||||
| Benefit for income taxes | ||||||||||||||
| Foreign currency translation, net | ( | |||||||||||||
| Cash flow hedges: | ||||||||||||||
| Net change on interest rate swap | ( | |||||||||||||
| (Provision) benefit for income taxes | ( | |||||||||||||
| Cash flow hedges, net | ( | |||||||||||||
| Available-for-sale securities: | ||||||||||||||
| Net unrealized gain (loss) | ( | |||||||||||||
| Available-for-sale securities, net | ( | |||||||||||||
| Total other comprehensive income (loss), net of tax | ( | |||||||||||||
| Comprehensive income | ||||||||||||||
| Less: comprehensive income attributable to noncontrolling interests | ( | |||||||||||||
| Comprehensive income attributable to TransUnion | $ | $ | ||||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| Cash flows from operating activities: | ||||||||||||||
Net income | $ | $ | ||||||||||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||
| Depreciation and amortization | ||||||||||||||
| Deferred taxes | ( | ( | ||||||||||||
| Stock-based compensation | ||||||||||||||
Gain on acquisition of affiliate | ( | |||||||||||||
| Other | ( | |||||||||||||
| Changes in assets and liabilities: | ||||||||||||||
| Trade accounts receivable | ( | ( | ||||||||||||
| Other current and long-term assets | ||||||||||||||
| Trade accounts payable | ||||||||||||||
| Other current and long-term liabilities | ( | ( | ||||||||||||
Cash provided by operating activities | ||||||||||||||
| Cash flows from investing activities: | ||||||||||||||
| Capital expenditures | ( | ( | ||||||||||||
| Proceeds from sale/maturity of other investments | ||||||||||||||
| Investments in consolidated affiliates, net of cash acquired | ( | |||||||||||||
Investments in nonconsolidated affiliates and notes receivable | ( | ( | ||||||||||||
| Proceeds from the sale of investments in nonconsolidated affiliates | ||||||||||||||
| Other | ||||||||||||||
| Cash used in investing activities | ( | ( | ||||||||||||
| Cash flows from financing activities: | ||||||||||||||
Proceeds from revolving credit facility | ||||||||||||||
| Repayments of debt | ( | ( | ||||||||||||
| Debt financing fees | ( | |||||||||||||
| Dividends to shareholders | ( | ( | ||||||||||||
Proceeds from issuance of common stock and exercise of stock options | ||||||||||||||
| Employee taxes paid on restricted stock units recorded as treasury stock | ( | ( | ||||||||||||
Repurchases of common stock | ( | ( | ||||||||||||
Dividends paid to shareholders of acquired affiliate | ( | |||||||||||||
Cash provided by (used in) financing activities | ( | |||||||||||||
| Effect of exchange rate changes on cash and cash equivalents | ( | |||||||||||||
| Net change in cash and cash equivalents | ( | ( | ||||||||||||
| Cash and cash equivalents, beginning of period | ||||||||||||||
| Cash and cash equivalents, end of period | $ | $ | ||||||||||||
| Common Stock | Paid-In Capital | Treasury Stock | Retained Earnings | Accumulated Other Comprehensive Loss | Noncontrolling Interests | Total | ||||||||||||||||||||||||||||||||||||||||||||
| Shares | Amount | |||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at December 31, 2024 | $ | $ | $ | ( | $ | $ | ( | $ | $ | |||||||||||||||||||||||||||||||||||||||||
| Net income | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
| Stock-based compensation | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||
| Employee share purchase plan | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
| Vesting of restricted stock units and performance stock units | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||
| Treasury stock purchased | ( | — | — | ( | — | — | — | ( | ||||||||||||||||||||||||||||||||||||||||||
Repurchase of common stock (including excise tax) | ( | — | ( | — | — | — | — | ( | ||||||||||||||||||||||||||||||||||||||||||
Dividends to shareholders ($ | — | — | — | — | ( | — | — | ( | ||||||||||||||||||||||||||||||||||||||||||
| Balance at March 31, 2025 | $ | $ | $ | ( | $ | $ | ( | $ | $ | |||||||||||||||||||||||||||||||||||||||||
| Common Stock | Paid-In Capital | Treasury Stock | Retained Earnings | Accumulated Other Comprehensive Loss | Noncontrolling Interests | Total | ||||||||||||||||||||||||||||||||||||||||||||
| Shares | Amount | |||||||||||||||||||||||||||||||||||||||||||||||||
| Balance, December 31, 2025 | $ | $ | $ | ( | $ | $ | ( | $ | $ | |||||||||||||||||||||||||||||||||||||||||
| Net income | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
Fair value of noncontrolling interest in acquired affiliate | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income | — | — | — | — | — | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||
| Stock-based compensation | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||
| Employee share purchase plan | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
| Vesting of restricted stock units and performance stock units | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||
| Treasury stock purchased | ( | — | — | ( | — | — | — | ( | ||||||||||||||||||||||||||||||||||||||||||
Repurchase of common stock (including excise tax) | ( | ( | ( | — | — | — | — | ( | ||||||||||||||||||||||||||||||||||||||||||
Dividends to shareholders ($ | — | — | — | — | ( | — | — | ( | ||||||||||||||||||||||||||||||||||||||||||
| Balance, March 31, 2026 | $ | $ | $ | ( | $ | $ | ( | $ | $ | |||||||||||||||||||||||||||||||||||||||||
| Three Months Ended March 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| Beginning balance | $ | $ | |||||||||
| Provision for losses on trade accounts receivable | |||||||||||
| Write-offs, net of recovered accounts | ( | ( | |||||||||
| Ending balance | $ | $ | |||||||||
Cash consideration paid to sellers | $ | ||||
Fair value of equity method investment | |||||
Fair value of noncontrolling interest | |||||
Settlement of preexisting receivables1 | |||||
Total purchase consideration | $ | ||||
Purchase consideration | $ | ||||
Assets acquired | |||||
Cash and cash equivalents | $ | ||||
Trade accounts receivable | |||||
Other current assets | |||||
Property, plant and equipment | |||||
Intangible assets | |||||
Other assets | |||||
Total identifiable assets acquired | $ | ||||
Liabilities assumed | |||||
Accounts payable | $ | ||||
Other current liabilities | |||||
Deferred revenue | |||||
Other liabilities | |||||
Deferred tax liabilities | |||||
Total liabilities assumed | $ | ||||
Net identifiable assets acquired | $ | ||||
Goodwill | |||||
Net assets acquired | |||||
Less: Noncontrolling interest | |||||
Net fair value of assets acquired | $ | ||||
Preliminary Fair Value | Weighted-Average Amortization Period | ||||||||||
Database and credit files | $ | ||||||||||
Customer relationships | |||||||||||
Trade names and trademarks | |||||||||||
Developed technology | |||||||||||
Total identifiable intangible assets | $ | ||||||||||
(Unaudited) | |||||||||||
TransUnion and Trans Union de Mexico combined | |||||||||||
| Three Months Ended March 31, | |||||||||||
(in millions) | 2026 | 2025 | |||||||||
Pro-forma revenue | $ | $ | |||||||||
Pro-forma net income attributable to TransUnion | |||||||||||
| March 31, 2026 | December 31, 2025 | |||||||||||||
| Prepaid expenses | $ | $ | ||||||||||||
Marketable securities (Note 13) | ||||||||||||||
| Other | ||||||||||||||
| Total other current assets | $ | $ | ||||||||||||
| U.S. Markets | International | Total | |||||||||||||||
| Balance, December 31, 2025 | $ | $ | $ | ||||||||||||||
| Business acquisitions | |||||||||||||||||
Purchase accounting measurement period adjustments | ( | ||||||||||||||||
| Foreign exchange rate adjustment | ( | ( | |||||||||||||||
| Balance, March 31, 2026 | $ | $ | $ | ||||||||||||||
| March 31, 2026 | December 31, 2025 | ||||||||||||||||||||||||||||||||||
Gross Goodwill | Accumulated Impairment | Net Goodwill | Gross Goodwill | Accumulated Impairment | Net Goodwill | ||||||||||||||||||||||||||||||
U.S. Markets | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
International | ( | ( | |||||||||||||||||||||||||||||||||
Total | $ | $ | ( | $ | $ | $ | ( | $ | |||||||||||||||||||||||||||
| March 31, 2026 | December 31, 2025 | ||||||||||||||||||||||||||||||||||
| Gross | Accumulated Amortization | Net | Gross | Accumulated Amortization | Net | ||||||||||||||||||||||||||||||
| Customer relationships | $ | $ | ( | $ | $ | $ | ( | $ | |||||||||||||||||||||||||||
| Internal use software | ( | ( | |||||||||||||||||||||||||||||||||
| Database and credit files | ( | ( | |||||||||||||||||||||||||||||||||
| Trademarks, copyrights and patents | ( | ( | |||||||||||||||||||||||||||||||||
| Noncompete and other agreements | ( | ( | |||||||||||||||||||||||||||||||||
| Total intangible assets | $ | $ | ( | $ | $ | $ | ( | $ | |||||||||||||||||||||||||||
| Gross | Accumulated Amortization | Net | |||||||||||||||
Balance, December 31, 2025 | $ | $ | ( | $ | |||||||||||||
| Business acquisition | |||||||||||||||||
| Developed internal use software | |||||||||||||||||
| Amortization | ( | ( | |||||||||||||||
| Disposals and retirements | ( | ( | |||||||||||||||
| Foreign exchange rate adjustment | ( | ( | |||||||||||||||
| Balance, March 31, 2026 | $ | $ | ( | $ | |||||||||||||
| March 31, 2026 | December 31, 2025 | |||||||||||||
Investments in affiliated companies (Note 2 and Note 7) | $ | $ | ||||||||||||
| Right-of-use lease assets | ||||||||||||||
Interest rate swaps (Note 10 and Note 13) | ||||||||||||||
Convertible notes receivable (Note 13) | ||||||||||||||
| Other | ||||||||||||||
| Total other assets | $ | $ | ||||||||||||
| March 31, 2026 | December 31, 2025 | |||||||||||||
Cost Method Investments | $ | $ | ||||||||||||
Equity method investments (Note 2) | ||||||||||||||
Limited partnership investment | ||||||||||||||
Total investments in affiliated companies (Note 6) | $ | $ | ||||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
Current period gains | $ | $ | ||||||||||||
Current period losses | ( | ( | ||||||||||||
| March 31, 2026 | December 31, 2025 | |||||||||||||
| Cumulative unrealized gains | $ | $ | ||||||||||||
| Cumulative unrealized losses | ( | ( | ||||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
Earnings from equity method investments (Note 2 and Note 14) | $ | $ | ||||||||||||
Dividends from equity method investments | ||||||||||||||
| March 31, 2026 | December 31, 2025 | |||||||||||||
| Accrued payroll and employee benefits | $ | $ | ||||||||||||
Accrued legal and regulatory matters (Note 15) | ||||||||||||||
Deferred revenue (Note 11) | ||||||||||||||
Operating lease liabilities | ||||||||||||||
| Income taxes payable | ||||||||||||||
| Other | ||||||||||||||
| Total other current liabilities | $ | $ | ||||||||||||
| March 31, 2026 | December 31, 2025 | |||||||||||||
| Operating lease liabilities | $ | $ | ||||||||||||
| Unrecognized tax benefits, net of indirect tax effects | ||||||||||||||
Deferred revenue (Note 11) | ||||||||||||||
| Other | ||||||||||||||
| Total other liabilities | $ | $ | ||||||||||||
| March 31, 2026 | December 31, 2025 | |||||||||||||
Senior Secured Term Loan B-5, due in full at maturity ( | $ | $ | ||||||||||||
Senior Secured Term Loan A-4, payable in quarterly installments through | ||||||||||||||
Senior Secured Term Loan B-8, payable in quarterly installments through | ||||||||||||||
Senior Secured Term Loan B-9, payable in quarterly installments through | ||||||||||||||
Senior Secured Revolving Credit Facility, payable at any time without penalty no later than June 24, 2029, with periodic variable interest at Term SOFR, or alternate base rate, plus applicable margin ( | ||||||||||||||
Other debt | ||||||||||||||
| Total debt | ||||||||||||||
| Less short-term debt and current portion of long-term debt | ( | ( | ||||||||||||
| Total long-term debt | $ | $ | ||||||||||||
| Total | Level 1 - Prices in Active Markets for Identical Assets | Level 2 -Significant Other Observable Input | Level 3 -Significant Unobservable Inputs | |||||||||||||||||||||||
| Assets | ||||||||||||||||||||||||||
Interest rate swaps (Note 6 and 10) | $ | $ | $ | $ | ||||||||||||||||||||||
Convertible notes receivable (Note 6) | ||||||||||||||||||||||||||
Marketable securities (Note 3) | ||||||||||||||||||||||||||
| Total | $ | $ | $ | $ | ||||||||||||||||||||||
Liabilities | ||||||||||||||||||||||||||
Interest rate swaps (Note 8 and 10) | $ | $ | $ | $ | ||||||||||||||||||||||
Total | $ | $ | $ | $ | ||||||||||||||||||||||
| Total | Level 1 - Prices in Active Markets for Identical Assets | Level 2 -Significant Other Observable Input | Level 3 -Significant Unobservable Inputs | |||||||||||||||||||||||
| Assets | ||||||||||||||||||||||||||
Interest rate swaps (Note 6 and 10) | $ | $ | $ | $ | ||||||||||||||||||||||
Convertible notes receivable (Note 6) | ||||||||||||||||||||||||||
Marketable securities (Note 3) | ||||||||||||||||||||||||||
Foreign exchange forward contract | ||||||||||||||||||||||||||
| Total | $ | $ | $ | $ | ||||||||||||||||||||||
Liabilities | ||||||||||||||||||||||||||
Interest rate swaps (Note 8 and 10) | $ | $ | $ | $ | ||||||||||||||||||||||
Total | $ | $ | $ | $ | ||||||||||||||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| Gross Revenue: | ||||||||||||||
| U.S. Markets: | ||||||||||||||
| Financial Services | $ | $ | ||||||||||||
| Emerging Verticals | ||||||||||||||
| Consumer Interactive | ||||||||||||||
| Total U.S. Markets | $ | $ | ||||||||||||
| International: | ||||||||||||||
| Canada | $ | $ | ||||||||||||
| Latin America | ||||||||||||||
| United Kingdom | ||||||||||||||
| Africa | ||||||||||||||
| India | ||||||||||||||
| Asia Pacific | ||||||||||||||
| Total International | $ | $ | ||||||||||||
| Total revenue, gross | $ | $ | ||||||||||||
| Intersegment revenue eliminations: | ||||||||||||||
| U.S. Markets | $ | ( | $ | ( | ||||||||||
| International | ( | ( | ||||||||||||
| Total intersegment eliminations | $ | ( | $ | ( | ||||||||||
| Total revenue as reported | $ | $ | ||||||||||||
| Three Months Ended March 31, | ||||||||||||||||||||||||||
| 2026 | 2025 | |||||||||||||||||||||||||
| U.S. Markets | International | U.S. Markets | International | |||||||||||||||||||||||
Gross Revenue | $ | $ | $ | $ | ||||||||||||||||||||||
Less:1 | ||||||||||||||||||||||||||
Product and fulfillment2 | $ | $ | $ | $ | ||||||||||||||||||||||
Labor-related3 | ||||||||||||||||||||||||||
Technology and communication4 | ||||||||||||||||||||||||||
Other segment items5 | ||||||||||||||||||||||||||
Segment Adjusted EBITDA | $ | $ | $ | $ | ||||||||||||||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| U.S. Markets Adjusted EBITDA | $ | $ | ||||||||||||
| International Adjusted EBITDA | ||||||||||||||
| Total | $ | $ | ||||||||||||
Adjustments to reconcile to income before income taxes: | ||||||||||||||
Corporate expenses1 | $ | ( | $ | ( | ||||||||||
| Net interest expense | ( | ( | ||||||||||||
| Depreciation and amortization | ( | ( | ||||||||||||
Stock-based compensation | ( | ( | ||||||||||||
Mergers and acquisitions, divestitures and business optimization2 | ( | |||||||||||||
Accelerated technology investment3 | ( | |||||||||||||
Operating model optimization program4 | ( | |||||||||||||
Net other5 | ( | |||||||||||||
| Net income attributable to non-controlling interests | ||||||||||||||
| Total adjustments | $ | ( | $ | ( | ||||||||||
Income before income taxes | $ | $ | ||||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| U.S. Markets | $ | $ | ||||||||||||
| International | ||||||||||||||
Total (Note 7) | $ | $ | ||||||||||||
| March 31, 2026 | December 31, 2025 | |||||||||||||
| U.S. Markets | $ | $ | ||||||||||||
| International | ||||||||||||||
Total segment assets | ||||||||||||||
| Corporate | ||||||||||||||
| Total | $ | $ | ||||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| U.S. Markets | $ | $ | ||||||||||||
| International | ||||||||||||||
Total cash paid for capital expenditures by the segments | ||||||||||||||
Corporate | ||||||||||||||
| Total | $ | $ | ||||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| U.S. Markets | $ | $ | ||||||||||||
| International | ||||||||||||||
Total segment depreciation and amortization expense | ||||||||||||||
Corporate | ||||||||||||||
| Total | $ | $ | ||||||||||||
| Foreign Currency Translation Adjustment | Net Unrealized (Loss)/Gain On Hedges | Net Unrealized Gain/(Loss) On Available-for-sale Securities | Accumulated Other Comprehensive Loss | ||||||||||||||||||||
Balance, December 31, 2025 | $ | ( | $ | $ | $ | ( | |||||||||||||||||
| Other comprehensive income (loss) before reclassifications | ( | ( | ( | ||||||||||||||||||||
| Amounts reclassified from other comprehensive (income) loss | ( | ( | |||||||||||||||||||||
| Other comprehensive income (loss) for the three months ended March 31, 2026 | ( | ( | ( | ||||||||||||||||||||
| Other comprehensive income (loss) attributable to noncontrolling interests | |||||||||||||||||||||||
Balance, March 31, 2026 | $ | ( | $ | $ | $ | ( | |||||||||||||||||
| Foreign Currency Translation Adjustment | Net Unrealized (Loss)/Gain On Hedges | Net Unrealized Gain/(Loss) On Available-for-sale Securities | Accumulated Other Comprehensive Loss | ||||||||||||||||||||
Balance, December 31, 2024 | $ | ( | $ | $ | $ | ( | |||||||||||||||||
| Other comprehensive income (loss) before reclassifications | ( | ||||||||||||||||||||||
| Amounts reclassified from other comprehensive (income) loss | ( | ( | |||||||||||||||||||||
| Other comprehensive income (loss) for the three months ended March 31, 2025 | ( | ||||||||||||||||||||||
| Other comprehensive income (loss) attributable to noncontrolling interests | ( | ( | |||||||||||||||||||||
Balance, March 31, 2025 | $ | ( | $ | $ | $ | ( | |||||||||||||||||
| Three Months Ended March 31, | Change | ||||||||||||||||||||||
| 2026 vs. 2025 | |||||||||||||||||||||||
| 2026 | 2025 | $ | % | ||||||||||||||||||||
| Revenue | $ | 1,245.7 | $ | 1,095.7 | $ | 149.9 | 13.7 | % | |||||||||||||||
| Operating expenses | |||||||||||||||||||||||
| Cost of services (exclusive of depreciation and amortization below) | 519.5 | 445.6 | 73.8 | 16.6 | % | ||||||||||||||||||
| Selling, general and administrative | 329.1 | 256.8 | 72.2 | 28.1 | % | ||||||||||||||||||
| Depreciation and amortization | 152.3 | 138.9 | 13.5 | 9.7 | % | ||||||||||||||||||
| Total operating expenses | 1,000.9 | 841.4 | 159.5 | 19.0 | % | ||||||||||||||||||
Operating income | 244.8 | 254.4 | (9.6) | (3.8) | % | ||||||||||||||||||
| Non-operating income and (expense) | |||||||||||||||||||||||
| Interest expense | (62.0) | (56.1) | (5.9) | 10.6 | % | ||||||||||||||||||
| Interest income | 7.2 | 8.6 | (1.4) | (16.2) | % | ||||||||||||||||||
| Earnings from equity method investments | 6.5 | 4.3 | 2.2 | 50.6 | % | ||||||||||||||||||
Gain on acquisition of affiliate | 225.5 | — | 225.5 | nm | |||||||||||||||||||
Other income and (expense), net | 6.2 | (17.4) | 23.6 | nm | |||||||||||||||||||
| Total non-operating income and (expense) | 183.3 | (60.6) | 243.9 | nm | |||||||||||||||||||
Income before income taxes | 428.1 | 193.8 | 234.3 | nm | |||||||||||||||||||
| Provision for income taxes | (27.6) | (41.0) | 13.4 | (32.6) | % | ||||||||||||||||||
Net income | 400.4 | 152.7 | 247.7 | nm | |||||||||||||||||||
Less: net income attributable to noncontrolling interests | (3.3) | (4.7) | 1.4 | (29.4) | % | ||||||||||||||||||
Net income attributable to TransUnion | $ | 397.1 | $ | 148.1 | $ | 249.1 | nm | ||||||||||||||||
| Three Months Ended March 31, | ||||||||||||||||||||||||||
| 2026 | 2025 | $ Change | % Change | |||||||||||||||||||||||
| Other income and (expense), net: | ||||||||||||||||||||||||||
| Acquisition fees | $ | (8.5) | $ | (5.3) | $ | (3.3) | 61.9 | % | ||||||||||||||||||
Debt related expenses | (0.5) | (0.4) | (0.1) | 29.4 | % | |||||||||||||||||||||
| Other income (expense), net | 15.2 | (11.7) | 26.9 | nm | ||||||||||||||||||||||
| Total other income and (expense), net | $ | 6.2 | $ | (17.4) | $ | 23.6 | nm | |||||||||||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| Fair value and impairment adjustments | $ | 15.4 | $ | (12.6) | ||||||||||
| Currency remeasurement gains (losses), net | (1.5) | 0.6 | ||||||||||||
| Miscellaneous non-operating income and (expense) | 1.4 | 0.3 | ||||||||||||
| Total other income (expense), net | $ | 15.2 | $ | (11.7) | ||||||||||
| Three Months Ended March 31, | Change | |||||||||||||||||||||||||
| 2026 vs. 2025 | ||||||||||||||||||||||||||
| 2026 | 2025 | $ | % | |||||||||||||||||||||||
| Revenue: | ||||||||||||||||||||||||||
| U.S. Markets gross revenue | ||||||||||||||||||||||||||
| Financial Services | $ | 500.5 | $ | 403.6 | $ | 96.9 | 24.0 | % | ||||||||||||||||||
| Emerging Verticals | 334.7 | 314.9 | 19.8 | 6.3 | % | |||||||||||||||||||||
Consumer Interactive | 139.9 | 138.2 | 1.7 | 1.3 | % | |||||||||||||||||||||
| U.S. Markets gross revenue | $ | 975.1 | $ | 856.6 | $ | 118.5 | 13.8 | % | ||||||||||||||||||
International gross revenue | ||||||||||||||||||||||||||
| Canada | $ | 43.3 | $ | 37.8 | $ | 5.4 | 14.4 | % | ||||||||||||||||||
| Latin America | 53.9 | 32.8 | 21.1 | 64.4 | % | |||||||||||||||||||||
| United Kingdom | 72.2 | 58.8 | 13.4 | 22.7 | % | |||||||||||||||||||||
| Africa | 20.9 | 16.9 | 4.0 | 23.4 | % | |||||||||||||||||||||
| India | 61.6 | 68.8 | (7.2) | (10.5) | % | |||||||||||||||||||||
| Asia Pacific | 22.1 | 27.0 | (4.9) | (18.2) | % | |||||||||||||||||||||
| International gross revenue | $ | 274.0 | $ | 242.2 | $ | 31.8 | 13.1 | % | ||||||||||||||||||
| Total gross revenue | $ | 1,249.1 | $ | 1,098.8 | $ | 150.3 | 13.7 | % | ||||||||||||||||||
Intersegment revenue eliminations | (3.4) | (3.1) | (0.3) | 10.7 | % | |||||||||||||||||||||
Total revenue as reported | $ | 1,245.7 | $ | 1,095.7 | $ | 149.9 | 13.7 | % | ||||||||||||||||||
| Adjusted EBITDA: | ||||||||||||||||||||||||||
| U.S. Markets | $ | 356.9 | $ | 320.1 | $ | 36.7 | 11.5 | % | ||||||||||||||||||
| International | 121.7 | 109.8 | 11.9 | 10.9 | % | |||||||||||||||||||||
Adjusted EBITDA Margin: | ||||||||||||||||||||||||||
| U.S. Markets | 36.6 | % | 37.4 | % | (0.8) | % | ||||||||||||||||||||
| International | 44.4 | % | 45.3 | % | (0.9) | % | ||||||||||||||||||||
| Three Months Ended March 31, | Change | ||||||||||||||||||||||
| 2026 vs. 2025 | |||||||||||||||||||||||
| 2026 | 2025 | $ | % | ||||||||||||||||||||
Reconciliation of Net income attributable to TransUnion to consolidated Adjusted EBITDA: | |||||||||||||||||||||||
Net income attributable to TransUnion | $ | 397.1 | $ | 148.1 | $ | 249.1 | nm | ||||||||||||||||
| Net interest expense | 54.8 | 47.5 | 7.3 | 15.4 | % | ||||||||||||||||||
| Provision for income taxes | 27.6 | 41.0 | (13.4) | (32.6) | % | ||||||||||||||||||
| Depreciation and amortization | 152.3 | 138.9 | 13.5 | 9.7 | % | ||||||||||||||||||
| EBITDA | $ | 631.9 | $ | 375.5 | $ | 256.5 | 68.3 | % | |||||||||||||||
| Adjustments to EBITDA: | |||||||||||||||||||||||
Stock-based compensation | 37.5 | 30.3 | 7.2 | 23.8 | % | ||||||||||||||||||
Mergers and acquisitions, divestitures and business optimization1 | (232.3) | 17.9 | (250.2) | nm | |||||||||||||||||||
Accelerated technology investment2 | — | 20.0 | (20.0) | nm | |||||||||||||||||||
Operating model optimization program3 | — | 9.8 | (9.8) | nm | |||||||||||||||||||
Net other4 | 0.7 | (56.4) | 57.2 | nm | |||||||||||||||||||
| Total adjustments to EBITDA | $ | (194.1) | $ | 21.7 | $ | (215.7) | nm | ||||||||||||||||
| Consolidated Adjusted EBITDA | $ | 437.9 | $ | 397.1 | $ | 40.7 | 10.3 | % | |||||||||||||||
Net income attributable to TransUnion margin | 31.9 | % | 13.5 | % | 18.4 | % | |||||||||||||||||
Consolidated Adjusted EBITDA margin5 | 35.2 | % | 36.2 | % | (1.0) | % | |||||||||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| Transaction and integration costs | $ | 8.5 | $ | 5.3 | ||||||||||
Fair value and impairment adjustments | (240.9) | 12.6 | ||||||||||||
| Total mergers and acquisitions, divestitures and business optimization | $ | (232.3) | $ | 17.9 | ||||||||||
Three Months Ended March 31, | ||||||||
| 2025 | ||||||||
| Foundational Capabilities | $ | 7.4 | ||||||
| Migration Management | 12.6 | |||||||
| Total accelerated technology investment | $ | 20.0 | ||||||
Three Months Ended March 31, | ||||||||
| 2025 | ||||||||
| Business process optimization | $ | 9.8 | ||||||
| Total operating model optimization | $ | 9.8 | ||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| Deferred loan fee expense from debt prepayments and refinancing | $ | — | $ | (0.1) | ||||||||||
| Other debt financing expenses | 0.5 | 0.5 | ||||||||||||
| Currency remeasurement on foreign operations | 1.5 | (0.6) | ||||||||||||
| Legal and regulatory expenses, net | — | (56.0) | ||||||||||||
| Other non-operating (income) expense | (1.4) | (0.3) | ||||||||||||
| Total other adjustments | $ | 0.7 | $ | (56.4) | ||||||||||
| Three Months Ended March 31, | Change | ||||||||||||||||||||||
| 2026 vs. 2025 | |||||||||||||||||||||||
| 2026 | 2025 | $ | % | ||||||||||||||||||||
Reconciliation of Net income attributable to TransUnion to Adjusted Net Income: | |||||||||||||||||||||||
Net income attributable to TransUnion | $ | 397.1 | $ | 148.1 | $ | 249.1 | nm | ||||||||||||||||
| Adjustments before income tax items: | |||||||||||||||||||||||
Amortization of certain intangible assets | 76.5 | 70.9 | 5.6 | 7.9 | % | ||||||||||||||||||
Stock-based compensation | 37.5 | 30.3 | 7.2 | 23.8 | % | ||||||||||||||||||
Mergers and acquisitions, divestitures and business optimization1 | (232.3) | 17.9 | (250.2) | nm | |||||||||||||||||||
Accelerated technology investment2 | — | 20.0 | (20.0) | nm | |||||||||||||||||||
Operating model optimization program3 | — | 9.8 | (9.8) | nm | |||||||||||||||||||
Net other4 | 1.6 | (56.7) | 58.3 | nm | |||||||||||||||||||
| Total adjustments before income tax items | $ | (116.7) | $ | 92.3 | $ | (209.0) | nm | ||||||||||||||||
Total adjustments for income taxes5 | (50.2) | (32.7) | (17.5) | 53.6 | % | ||||||||||||||||||
| Adjusted Net Income | $ | 230.2 | $ | 207.6 | $ | 22.5 | 10.9 | % | |||||||||||||||
| Weighted-average shares outstanding: | |||||||||||||||||||||||
| Basic | 192.7 | 195.1 | nm | nm | |||||||||||||||||||
Diluted | 194.5 | 197.3 | nm | nm | |||||||||||||||||||
| Adjusted Earnings per Share: | |||||||||||||||||||||||
| Basic | $ | 1.19 | $ | 1.06 | $ | 0.13 | 12.2 | % | |||||||||||||||
| Diluted | $ | 1.18 | $ | 1.05 | $ | 0.13 | 12.5 | % | |||||||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
Reconciliation of Diluted earnings per share from Net income attributable to TransUnion to Adjusted Diluted Earnings per Share: | ||||||||||||||
Diluted earnings per common share from: | ||||||||||||||
Income attributable to TransUnion | $ | 2.04 | $ | 0.75 | ||||||||||
| Adjustments before income tax items: | ||||||||||||||
Amortization of certain intangible assets1 | 0.39 | 0.36 | ||||||||||||
Stock-based compensation | 0.19 | 0.15 | ||||||||||||
Mergers and acquisitions, divestitures and business optimization2 | (1.19) | 0.09 | ||||||||||||
Accelerated technology investment3 | — | 0.10 | ||||||||||||
Operating model optimization program4 | — | 0.05 | ||||||||||||
Net other5 | 0.01 | (0.29) | ||||||||||||
| Total adjustments before income tax items | $ | (0.60) | $ | 0.47 | ||||||||||
Total adjustments for income taxes6 | (0.26) | (0.17) | ||||||||||||
| Adjusted Diluted Earnings per Share | $ | 1.18 | $ | 1.05 | ||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| Transaction and integration costs | $ | 8.5 | $ | 5.3 | ||||||||||
Fair value and impairment adjustments | (240.9) | 12.6 | ||||||||||||
| Total mergers and acquisitions, divestitures and business optimization | $ | (232.3) | $ | 17.9 | ||||||||||
Three Months Ended March 31, | ||||||||
| 2025 | ||||||||
| Foundational Capabilities | $ | 7.4 | ||||||
| Migration Management | 12.6 | |||||||
| Total accelerated technology investment | $ | 20.0 | ||||||
Three Months Ended March 31, | ||||||||
| 2025 | ||||||||
| Business process optimization | $ | 9.8 | ||||||
| Total operating model optimization | $ | 9.8 | ||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| Deferred loan fee expense from debt prepayments and refinancing | $ | — | $ | (0.1) | ||||||||||
| Currency remeasurement on foreign operations | 1.5 | (0.6) | ||||||||||||
| Legal and regulatory expenses, net | — | (56.0) | ||||||||||||
| Total other adjustments | $ | 1.6 | $ | (56.7) | ||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
Income before income taxes | $ | 428.1 | $ | 193.8 | ||||||||||
| Total adjustments before income tax items from Adjusted Net Income table above | (116.7) | 92.3 | ||||||||||||
Adjusted income before income taxes | $ | 311.4 | $ | 286.1 | ||||||||||
Reconciliation of Provision for income taxes to Adjusted Provision for Income Taxes: | ||||||||||||||
| Provision for income taxes | $ | (27.6) | $ | (41.0) | ||||||||||
| Adjustments for income taxes: | ||||||||||||||
Tax effect of above adjustments | (26.4) | (32.3) | ||||||||||||
Eliminate impact of excess tax expense for stock-based compensation | (0.9) | 0.5 | ||||||||||||
Other1 | (22.9) | (0.9) | ||||||||||||
| Total adjustments for income taxes | $ | (50.2) | $ | (32.7) | ||||||||||
| Adjusted Provision for Income Taxes | $ | (77.9) | $ | (73.7) | ||||||||||
| Effective tax rate | 6.5 | % | 21.2 | % | ||||||||||
| Adjusted Effective Tax Rate | 25.0 | % | 25.8 | % | ||||||||||
| Three Months Ended March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| Deferred tax adjustments | $ | (18.9) | $ | (4.6) | ||||||||||
| Valuation allowance adjustments | (5.1) | 2.3 | ||||||||||||
| Return to provision, audit adjustments and reserves related to prior periods | 0.2 | 1.0 | ||||||||||||
| Other adjustments | 0.9 | 0.4 | ||||||||||||
| Total other adjustments | $ | (22.9) | $ | (0.9) | ||||||||||
| Trailing Twelve Months Ended March 31, 2026 | ||||||||
Reconciliation of Net income attributable to TransUnion to Adjusted EBITDA: | ||||||||
Net income attributable to TransUnion | $ | 704.5 | ||||||
| Net interest expense | 209.9 | |||||||
| Provision for income taxes | 159.7 | |||||||
| Depreciation and amortization | 588.2 | |||||||
| EBITDA | $ | 1,662.3 | ||||||
| Adjustments to EBITDA: | ||||||||
Stock-based compensation | $ | 152.8 | ||||||
Mergers and acquisitions, divestitures and business optimization1 | (220.2) | |||||||
Accelerated technology investment2 | 64.4 | |||||||
Operating model optimization program3 | 22.4 | |||||||
Net other4 | 4.9 | |||||||
| Total adjustments to EBITDA | $ | 24.4 | ||||||
Consolidated Adjusted EBITDA | 1,686.7 | |||||||
Adjusted EBITDA for Pre-Acquisition Period5 | 72.1 | |||||||
| Leverage Ratio Adjusted EBITDA | $ | 1,758.7 | ||||||
| Total debt | $ | 5,607.4 | ||||||
| Less: Cash and cash equivalents | 732.5 | |||||||
| Net Debt | $ | 4,874.9 | ||||||
Ratio of Net Debt to Net income attributable to TransUnion | 6.9 | |||||||
Leverage Ratio6 | 2.8 | |||||||
| Trailing Twelve Months Ended March 31, 2026 | ||||||||
| Transaction and integration costs | $ | 17.2 | ||||||
| Fair value and impairment adjustments | (236.7) | |||||||
| Post-acquisition adjustments | (0.7) | |||||||
| Total mergers and acquisitions, divestitures and business optimization | $ | (220.2) | ||||||
| Trailing Twelve Months Ended March 31, 2026 | ||||||||
| Foundational Capabilities | $ | 11.4 | ||||||
| Migration Management | 53.1 | |||||||
| Total accelerated technology investment | $ | 64.4 | ||||||
| Trailing Twelve Months Ended March 31, 2026 | ||||||||
Employee separation | $ | 6.8 | ||||||
| Business process optimization | 15.6 | |||||||
| Total operating model optimization | $ | 22.4 | ||||||
| Trailing Twelve Months Ended March 31, 2026 | ||||||||
| Other debt financing expenses | $ | 2.1 | ||||||
| Currency remeasurement on foreign operations | 2.6 | |||||||
| Other non-operating (income) and expense | 0.2 | |||||||
| Total other adjustments | $ | 4.9 | ||||||
| Three Months Ended March 31, | ||||||||||||||||||||
| 2026 | 2025 | Change | ||||||||||||||||||
| Cash provided by operating activities | $ | 84.2 | $ | 52.5 | $ | 31.7 | ||||||||||||||
| Cash used in investing activities | (586.7) | (86.6) | (500.1) | |||||||||||||||||
| Cash provided by (used in) financing activities | 400.9 | (40.6) | 441.5 | |||||||||||||||||
| Effect of exchange rate changes on cash and cash equivalents | (19.5) | 5.1 | (24.6) | |||||||||||||||||
| Net change in cash and cash equivalents | $ | (121.1) | $ | (69.6) | $ | (51.5) | ||||||||||||||
Total Number of Shares Purchased1 | Average Price Paid Per Share2 | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs3 (in millions) | |||||||||||||||||||||||
January 1 to January 31 | 19,185 | $ | 82.90 | — | $ | 700.1 | ||||||||||||||||||||
February 1 to February 28 | 232,630 | 78.79 | — | $ | 700.1 | |||||||||||||||||||||
March 1 to March 31 | 181,795 | 70.73 | 170,889 | $ | 688.1 | |||||||||||||||||||||
| Total | 433,610 | $ | 75.59 | 170,889 | ||||||||||||||||||||||
Name | Title | Adoption Date | Expiration Date | Aggregate Number of Shares to be Sold1 | ||||||||||
| Third Amended and Restated Certificate of Incorporation of TransUnion (Incorporated by reference to Exhibit 3.1.2 to TransUnion’s Current Report on Form 8-K filed May 18, 2020). | ||||||||
Fifth Amended and Restated Bylaws of TransUnion amended as of February 21, 2024 (Incorporated by reference to Exhibit 3.1 to TransUnion’s Current Report on Form 8-K filed February 27, 2024). | ||||||||
Amendment No. 25 to the Credit Agreement, dated as of February 11, 2026, by and among TransUnion Intermediate Holdings, Inc., Trans Union LLC, the Guarantors, Deutsche Bank AG New York Branch, as administrative agent and collateral agent, and each of the other Lenders party thereto. | ||||||||
TransUnion Second Amended and Restated 2015 Omnibus Incentive Plan Award Agreement, with respect to Restricted Stock Units (for awards granted on or after February 27, 2026). | ||||||||
TransUnion Second Amended and Restated 2015 Omnibus Incentive Plan Award Agreement, with respect to Performance Share Units (for awards granted on or after February 27, 2026). | ||||||||
| TransUnion Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | ||||||||
| TransUnion Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | ||||||||
| TransUnion Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | ||||||||
| 101.SCH** | XBRL Taxonomy Extension Schema Document. | |||||||
| 101.CAL** | XBRL Taxonomy Extension Calculation Linkbase Document. | |||||||
| 101.LAB** | XBRL Taxonomy Extension Label Linkbase Document. | |||||||
| 101.PRE** | XBRL Taxonomy Extension Presentation Linkbase Document. | |||||||
| 101.DEF** | XBRL Taxonomy Extension Definition Linkbase Document. | |||||||
| 104 | The cover page from this Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, formatted in Inline XBRL (included with Exhibit 101 attachments). | |||||||
| TransUnion | |||||||||||
| April 28, 2026 | By | /s/ Todd M. Cello | |||||||||
| Todd M. Cello | |||||||||||
| Executive Vice President, Chief Financial Officer | |||||||||||
| (Principal Financial Officer) | |||||||||||
| April 28, 2026 | By | /s/ Jennifer A. Williams | |||||||||
| Jennifer A. Williams | |||||||||||
| Senior Vice President, Chief Accounting Officer (Principal Accounting Officer) | |||||||||||
TRANSUNION INTERMEDIATE HOLDINGS, INC. By:______________________________ Name: Title: | ||
TRANSUNION RENTAL SCREENING SOLUTIONS, INC. By:______________________________ Name: Title: | ||
VISIONARY SYSTEMS, INC. By:______________________________ Name: Title: | ||
TRANSUNION RISK AND ALTERNATIVE DATA SOLUTIONS, INC. By:______________________________ Name: Title: | ||
FACTORTRUST, INC. By:______________________________ Name: Title: | ||
TRANSUNION GLOBAL HOLDINGS LLC By:______________________________ Name: Title: | ||
IOVATION INC. By:______________________________ Name: Title: | ||
TRANS UNION INTERNATIONAL, INC. By:______________________________ Name: Title: | ||
NEUSTAR, INC. By:______________________________ Name: Title: | ||
ADMINISTRATIVE SERVICES, LLC By:______________________________ Name: Title: | ||
MARKETSHARE PARTNERS, LLC By:______________________________ Name: Title: | ||
NEUSTAR INTERNATIONAL SERVICES, INC. By:______________________________ Name: Title: | ||
NEUSTAR INFORMATION SERVICES, INC. By:______________________________ Name: Title: | ||
NEUSTAR IP INTELLIGENCE, INC. By:______________________________ Name: Title: | ||
TRUSTID, INC. By:______________________________ Name: Title: | ||
ARGUS INFORMATION AND ADVISORY SERVICES, INC. By:______________________________ Name: Title: | ||
TRANSUNION INTERACTIVE, INC. By:______________________________ Name: Title: | ||
SONTIQ, INC. By:______________________________ Name: Title: | ||
| Name of 2026 Incremental Revolving Credit Lender | 2026 Incremental Revolving Credit Commitment | ||||
| Standard Chartered Bank | $175,000,000 | ||||
| U.S. Bank National Association | $100,000,000 | ||||
| Flagstar Bank, N.A. | $100,000,000 | ||||
| Valley National Bank | $25,000,000 | ||||
| Total | $400,000,000 | ||||
Participant: | #ParticipantName# | ||||
Date of Grant: Number of Restricted Stock Units: | #GrantDate# #QuantityGranted# | ||||
Dividend Equivalents: | The holder of an outstanding Award shall be entitled to be paid dividend equivalent payments (in respect of the payment by the Company of dividends on shares of Common Stock) either in cash or, at the sole discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of such dividends. Such dividend equivalents shall be subject to the vesting of the applicable Award to which the dividend equivalent relates and shall be payable at the same time as such applicable Award is settled. If such Award is forfeited without vesting, the Participant shall have no right to such dividend equivalent payments. | ||||
Vesting Schedule: | [•] | ||||
TRANSUNION | PARTICIPANT | ||||
By: [•] Title: [•] #Signature# #AcceptanceDate# | |||||
Participant: | #ParticipantName# | ||||
Date of Grant: Number of Performance Share Units: | #GrantDate# #QuantityGranted# | ||||
Performance Period for Performance Share Units: | [•] to [•] | ||||
Vesting Date: Dividend Equivalents: | [•] The holder of an outstanding Award shall be entitled to be paid dividend equivalent payments (in respect of the payment by the Company of dividends on shares of Common Stock) either in cash or, at the sole discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of such dividends. Such dividend equivalents shall be subject to the vesting of the applicable Award to which the dividend equivalent relates and shall be payable at the same time as such applicable Award is settled and then only with respect to the applicable number of Performance Share Units that are earned. If such Award is forfeited without vesting, the Participant shall have no right to such dividend equivalent payments. | ||||
Vesting Schedule: | |||||
| Level of Achievement | Cumulative 3-year Revenue CAGR | Percentage of Award Earned | ||||||
| Below Threshold | Less than [•]% | 0% | ||||||
| Threshold | [•]% | 50% | ||||||
| Target | [•]% | 100% | ||||||
| Maximum | [•]% | 200% | ||||||
| Level of Achievement | Relative TSR Percentile Rank | Percentage of Award Earned | ||||||
| Below Threshold | Less than 25th Percentile | 0% | ||||||
| Threshold | 25th Percentile | 50% | ||||||
| Target | 50th Percentile | 100% | ||||||
| Maximum | 80th Percentile and above | 200% | ||||||
| Level of Achievement | Cumulative 3-year Adjusted Diluted Earnings per Share CAGR | Percentage of Award Earned | ||||||
| Below Threshold | Less than [•]% | 0% | ||||||
| Threshold | [•]% | 50% | ||||||
| Target | [•]% | 100% | ||||||
| Maximum | [•]% | 200% | ||||||
TRANSUNION | PARTICIPANT | ||||
By: [•] Title: [•] #Signature# #AcceptanceDate# | |||||
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions |
Mar. 31, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Statement of Financial Position [Abstract] | ||
| Accounts Receivable, Allowance for Credit Loss | $ 21.2 | $ 27.7 |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | 558.3 | 545.0 |
| Finite-Lived Intangible Assets, Accumulated Amortization | $ 2,830.0 | $ 2,716.3 |
| Preferred Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 |
| Preferred Stock, Shares Authorized | 100,000,000.0 | 100,000,000.0 |
| Common Stock, Shares, Issued | 200,000,000.0 | 199,400,000 |
| Common Stock, Shares, Outstanding | 192,800,000 | 192,400,000 |
| Treasury Stock, Shares | 7,300,000 | 7,000,000.0 |
| Common Stock, Shares Authorized | 1,000,000,000.0 | 1,000,000,000.0 |
| Common Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 |
Consolidated Statements of Comprehensive Income - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
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| Statement of Comprehensive Income [Abstract] | ||
| Net income | $ 400.4 | $ 152.7 |
| Foreign currency translation: | ||
| Foreign currency translation adjustment | (85.0) | 39.4 |
| Benefit for income taxes | 0.0 | 0.1 |
| Foreign currency translation, net | (85.0) | 39.5 |
| Cash flow hedges: | ||
| Net change on interest rate swap | 9.4 | (37.1) |
| (Provision) benefit for income taxes | (2.4) | 9.3 |
| Cash flow hedges, net | 7.0 | (27.8) |
| Available-for-sale securities: | ||
| Net unrealized gain (loss) | (0.1) | 0.0 |
| Available-for-sale securities, net | (0.1) | 0.0 |
| Total other comprehensive income (loss), net of tax | (78.0) | 11.7 |
| Comprehensive income | 322.4 | 164.4 |
| Less: comprehensive income attributable to noncontrolling interests | 1.2 | (4.9) |
| Comprehensive income attributable to TransUnion | $ 323.6 | $ 159.5 |
Significant Accounting Policies |
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Significant Accounting Policies | Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements of TransUnion and subsidiaries have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial statements and, in our opinion, include all adjustments of a normal recurring nature necessary for a fair statement of the interim periods presented. As a result of displaying amounts in millions, rounding differences may exist in the financial statements and footnote tables. The interim results presented are not necessarily indicative of the results that may be expected for the full year ending December 31, 2026. The Company’s Consolidated Balance Sheet data for the year ended December 31, 2025 was derived from audited financial statements. Therefore, these unaudited consolidated financial statements should be read in conjunction with our audited financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on February 27, 2026. Unless the context indicates otherwise, any reference in this report to the “Company,” “we,” “our,” “us,” and “its” refers to TransUnion and its consolidated subsidiaries, collectively. For the periods presented, TransUnion does not have any material assets, liabilities, revenues, expenses or operations of any kind other than its ownership investment in TransUnion Intermediate Holdings, Inc. Principles of Consolidation The consolidated financial statements of TransUnion include the accounts of TransUnion and all of its controlled subsidiaries. All intercompany transactions and balances have been eliminated. Investments in Affiliated Companies Investments in nonmarketable unconsolidated entities in which the Company is able to exercise significant influence are accounted for using the equity method. Investments in nonmarketable unconsolidated entities in which the Company is not able to exercise significant influence, our “Cost Method Investments,” are accounted for at our initial cost, minus any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Variable Interest Entities At inception, we determine whether an entity in which we have made an investment or with which we have other variable interest arrangements is considered a variable interest entity (“VIE”). We are required to consolidate any VIE if we are the primary beneficiary of the VIE. We are the primary beneficiary of a VIE if we have the power to direct activities that most significantly affect the economic performance of the VIE and have the obligation to absorb a portion of the losses or benefits that are significant to the VIE. If we are not the primary beneficiary of the VIE, we account for the investment or other variable interests in the VIE in accordance with other applicable GAAP. When events or circumstances change our variable interests or relationships with any of these entities, we reassess our determination of whether they are a VIE and, if so, whether we are the primary beneficiary. As of March 31, 2026 and December 31, 2025, we have a variable interest in one unconsolidated VIE with a current exposure of loss of approximately $22.4 million and $49.5 million, respectively, consisting of the current carrying value of our equity investment and various notes and accounts receivable from this entity. Use of Estimates The preparation of consolidated financial statements and related disclosures in accordance with GAAP requires management to make estimates and judgments that affect the amounts reported. We believe that the estimates used in preparation of the accompanying consolidated financial statements are reasonable, based upon information available to management at this time. These estimates and judgments affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the balance sheet date, as well as the amounts of revenue and expense during the reporting period. Estimates are inherently uncertain and actual results could differ materially from the estimated amounts. Share Repurchase Plan On February 11, 2025, our Board of Directors (our “Board”) authorized the repurchase of up to $500.0 million of our common stock (the “2025 Repurchase Plan”). On October 22, 2025, the Board approved an increase to the share repurchase plan authorization up to $1.0 billion (including amounts repurchased as of such date under the 2025 Repurchase Plan). Repurchases may be made from time to time at management’s discretion, at prices management considers to be attractive, through open market purchases, privately negotiated transactions or otherwise, including pursuant to a Rule 10b5-1 plan, hybrid open market repurchases or an accelerated share repurchase transaction, subject to availability. Open market purchases are conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and other applicable legal requirements. We have no obligation to repurchase additional shares, and the timing, actual number and value of the shares that are repurchased, if any, are at the discretion of management. The 2025 Repurchase Plan does not have an expiration date. Repurchased shares are retired, resulting in a reduction to common stock at par with the remainder to additional paid-in capital. Once repurchased, the shares are returned to the status of authorized but unissued shares of the Company and reduce the weighted average number of shares of common stock outstanding for purposes of calculating basic and diluted earnings per share. During the three months ended March 31, 2026 and 2025, the Company repurchased approximately 171,000 and 63,000 shares of common stock, respectively, for a total of $12.1 million and $5.4 million, respectively, including commissions and excise taxes, under the 2025 Repurchase Plan. The average price paid per share for the three months ended March 31, 2026 and 2025 was $70.92 and $84.86, respectively. As of March 31, 2026, $688.1 million remains available for repurchases under the 2025 Repurchase Plan. Trade Accounts Receivable We base our allowance for doubtful accounts estimate on our historical loss experience, our current expectations of future losses, current economic conditions, an analysis of the aging of outstanding receivables and customer payment patterns, and specific reserves for customers in adverse financial condition or for existing contractual disputes. The following is a roll-forward of the allowance for doubtful accounts for the periods presented:
Recently Adopted Accounting Pronouncements On July 30, 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. This ASU states that in developing reasonable and supportable forecasts as part of estimating expected credit losses, an entity may elect a practical expedient that assumes that current conditions as of the balance sheet date do not change for the remaining life of the asset. This ASU is effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods on a prospective basis. We have adopted this ASU for interim periods beginning in fiscal year 2026. The adoption of this ASU did not have a material impact on our consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted On November 4, 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-04), Disaggregation of Income Statement Expenses. This ASU requires disclosure within the notes to financial statements of specific information about certain costs and expenses including more detailed disclosures of certain categories of expenses such as employee compensation, depreciation and intangible asset amortization that are components of existing expense captions presented on the face of the income statement. The update is effective for annual periods for fiscal years beginning after December 15, 2026 and interim periods beginning after December 15, 2027 on a prospective or retrospective basis. Early adoption is permitted. We are currently assessing the impact that adopting this ASU would have on our consolidated financial statements. On September 18, 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. This ASU removes all references to prescriptive and sequential software development stages (referred to as “project stages”) and instead requires an entity to start capitalizing software costs when management has authorized and committed to funding the software project and it is probable that the project will be completed and the software will be used to perform the function intended. Additional updates include changes to accounting for website development costs and certain disclosure requirements. This ASU will be effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. Early adoption is permitted as of the beginning of an annual reporting period. This ASU permits an entity to apply the new guidance using either a prospective transition approach, a modified transition approach that is based on the status of the project and whether software costs were capitalized before the date of adoption, or a retrospective transition approach. We are currently assessing the impact that adopting this ASU would have on our consolidated financial statements. On November 25, 2025, the FASB issued ASU 2025-09, Derivatives and Hedging (Topic 815), Hedge Accounting Improvements. Among other changes, this ASU introduces an alternative hedge accounting model for cash flow hedges of interest payments on choose-your-rate debt instruments, allowing entities to specify the alternative interest rate indexes and tenors that may be selected as being hedged, without discontinuing hedge accounting. This update is effective for annual reporting periods for fiscal years beginning after December 15, 2026, and interim periods within those annual reporting periods, on a prospective basis. Early adoption is permitted. We are currently assessing the impact that adopting this ASU would have on our consolidated financial statements. On December 8, 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow Scope Improvements. This ASU provides additional clarification on interim disclosure requirements, including a comprehensive list of interim disclosures required by GAAP. Further, this ASU includes a new disclosure principle that requires entities to disclose events since the end of the last annual reporting period that have had a material impact. This includes material events and/or changes to items not listed as a required interim disclosure in Topic 270. This ASU is effective for interim reporting periods within annual reporting periods beginning after December 31, 2027. Early adoption is permitted. We are currently assessing the impact that adopting this ASU would have on our financial statements.
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Business Acquisitions |
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| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Acquisitions | Business Acquisitions 2026 Acquisition Trans Union de Mexico On March 2, 2026, we acquired approximately a 68% equity interest in Trans Union de México, S.A., S.I.C., (“Trans Union de Mexico”) for total cash consideration of approximately $659.7 million. The acquisition was funded with proceeds from our Senior Secured Revolving Credit Facility and cash on hand. See Note 10, “Debt,” for additional information about our Senior Secured Revolving Credit Facility. Prior to the transaction, we owned approximately a 26% equity interest that was accounted for under the equity method. Our total equity interest is now approximately 94%, representing a controlling financial interest which resulted in the consolidation of Trans Union de Mexico. The remaining approximately 6% equity interest represents a noncontrolling interest in the net assets acquired and was valued based on the purchase price of the 68% equity interest. There was no contingent consideration related to this transaction. Trans Union de Mexico is the largest consumer credit bureau in Mexico. Trans Union de Mexico has longstanding relationships with major financial institutions in Mexico and maintains broad population coverage supported by data from multiple verticals, including financial services, retail and telecommunications. The business operates in a sizable and growing market characterized by increasing digital adoption and expanding credit usage across the Mexican economy. Prior to March 2, 2026, Trans Union de Mexico was recorded as an equity method investment and the pro rata share of its earnings or losses were recorded within non-operating income and (expense), net in the Consolidated Statement of Operations. We accounted for the current transaction as a step acquisition in accordance with ASC Topic 805, Business Combinations. Accordingly, we remeasured our initial 26% investment at a fair value of $247.4 million based on the purchase price of the 68% equity interest, resulting in a non-taxable gain of $225.5 million recorded within gain on acquisition of affiliate in the Consolidated Statement of Operations. We engaged in business activities with Trans Union de Mexico prior to the date of acquisition that were not material and received dividends from our equity method investment. The results of operations of Trans Union de Mexico subsequent to the acquisition date and the assets acquired and liabilities assumed are included within our Latin America reporting unit in our International segment. Acquisition Costs We recognized cumulative transaction costs related to the acquisition of $18.8 million, including $6.4 million and $1.2 million for the three months ended March 31, 2026 and 2025, respectively, which we have recorded within other income and (expense), net in the Consolidated Statements of Operations. These costs include investment banker fees, legal, due diligence and other external costs. Purchase Price Allocation The total consideration for this acquisition is preliminary, pending final customary purchase price adjustments. The valuation of the assets acquired and liabilities assumed, including the valuation of intangible assets, income taxes and goodwill, among other items, has not yet been finalized and is based on management’s best estimates and assumptions as of March 31, 2026. We will complete the analysis of the total purchase consideration and the allocation of the final purchase price once we obtain the necessary information, which we expect to do within one year from the acquisition date. The purchase price of the acquisition exceeded the fair value estimate of the net assets acquired due primarily to expected future revenue growth opportunities, synergies, operating efficiencies and the assembled workforce. None of the goodwill is tax deductible. The table below summarizes the elements of purchase consideration for the acquisition:
(1) Represents the effective settlement of existing net receivables, including dividends declared but not paid by Trans Union de Mexico prior to the acquisition. The table below summarizes the preliminary allocation of fair value of assets acquired and liabilities assumed as of March 31, 2026:
Other current liabilities and other liabilities include $56.6 million and $10.0 million, respectively, related to dividends declared by Trans Union de Mexico prior to the acquisition. Identifiable Intangible Assets The following table sets forth the components of identifiable intangible assets acquired and the weighted average amortization period as of the acquisition date:
In determining the fair value of the identifiable intangible assets, we utilized various forms of the income approach, depending on the asset being valued. The estimation of fair value requires significant judgment related to cash flow forecasts, discount rates reflecting the risk inherent in each cash flow stream, competitive trends, market comparables and other factors. Other inputs included historical data, current and anticipated market conditions, and growth rates. The intangible assets were valued using the following valuation approaches: Database and credit files Trans Union de Mexico’s database and credit files were deemed to be the primary asset, which we valued using the multi-period excess-earnings method, a form of the income approach, which required the application of judgment for significant assumptions. Significant assumptions included projected revenue and EBITDA margins, the rate of obsolescence, charges for related assets and the discount rate. Customer relationships Customer relationships were valued using the lost income method, a form of the income approach, which required the application of judgment for significant assumptions. Significant assumptions included the length of time to recreate the customer relationships, projected revenues and EBITDA margins and discount rates. Other identifiable intangible assets Other identifiable intangible assets include trade names and trademarks and developed technology, which are not material. Both trade names and trademarks and developed technology were valued using the relief from royalty method. Unaudited pro-forma financial information The supplemental pro-forma financial information has been prepared using the acquisition method of accounting and is based on the historical financial information of TransUnion and Trans Union de Mexico, assuming the transaction occurred on January 1, 2025. The supplemental pro-forma financial information does not necessarily represent what the combined companies' revenue or results of operations would have been had the acquisition of Trans Union de Mexico been completed on January 1, 2025, nor is it intended to be a projection of future operating results of the combined company. It also does not reflect any operating efficiencies or potential cost savings that might be achieved from synergies of combining TransUnion and Trans Union de Mexico. The unaudited supplemental pro-forma financial information has been calculated after applying TransUnion’s accounting policies and adjusting the results of the combined company to reflect moving the gain on our previous equity method investment discussed above into the first quarter of 2025, incremental amortization expense resulting from the fair value adjustments for acquired intangible assets, an increase in interest expense resulting from the external debt borrowed by TransUnion to fund the acquisition, removal of the historical equity earnings recorded for our previous 26% ownership interest, moving the 2025 and 2026 acquisition costs incurred in connection with the transaction back to the first quarter of 2025 and the corresponding income tax impact of these adjustments.
2025 Acquisition Monevo In October 2021, we acquired a 30% equity interest in Monevo Limited (“Monevo”), which we accounted for as a Cost Method Investment. On April 1, 2025, we acquired the remaining 70% of the outstanding equity of Monevo and gained control of Monevo by exercising a call option we obtained when we made our initial investment. The strike price paid at closing to exercise the call option was $56.0 million, which resulted in a non-taxable gain of $12.3 million recorded within other income and (expense), net in the Consolidated Statement of Operations for the three months ended June 30, 2025. There was no contingent consideration related to this transaction. We accounted for the transaction as a step acquisition in accordance with ASC Topic 805, Business Combinations. We finalized our assessment of the purchase consideration transferred, including customary purchase price adjustments, in the first quarter of 2026. The final purchase consideration of $116.7 million was principally comprised of the cash paid plus the fair value of our initial 30% investment, including the call option and other related assets. We used a combination of the discounted cash flow method and the guideline public company method to determine the overall fair value of Monevo. Purchase Price Allocation We finalized our allocation of the purchase price during the three months ended March 31, 2026, and recognized $68.0 million of goodwill, $64.0 million of amortizable intangible assets consisting primarily of developed technology, and a deferred tax liability of $15.6 million. The remaining purchase price was allocated to other net assets of Monevo. We estimate the weighted-average useful lives of the amortizable intangible assets to be approximately 11 years.
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Other Current Assets |
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| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Current Assets | Other Current Assets Other current assets consisted of the following:
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Goodwill |
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| Goodwill | Goodwill There have been no triggering events during the three months ended March 31, 2026 that have required us to re-evaluate whether any of our reporting units were impaired. Goodwill allocated to our reportable segments and changes in the carrying amount of goodwill during the three months ended March 31, 2026, consisted of the following:
The gross and net goodwill balances at each period were as follows:
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Intangible Assets |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | Intangible Assets Intangible assets consisted of the following:
Changes in the carrying amount of intangible assets between periods consisted of the following:
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Other Assets |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Assets | Other Assets Other assets consisted of the following:
See Note 7 for a discussion on the decrease in investment in affiliated companies.
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Investments in Affiliated Companies |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments in and Advances to Affiliates, Schedule of Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Method Investments and Joint Ventures Disclosure | Investments in Affiliated Companies Investments in affiliated companies, which are included in other assets in the Consolidated Balance Sheets, consisted of the following:
During the three months ended March 31, 2026, we acquired a controlling interest in Trans Union de Mexico, an entity we previously held as an equity method investment, as further discussed in Note 2, “Business Acquisitions,” resulting in a decrease in equity method investments. We also sold two Cost Method Investments and converted notes receivable, previously included within Other Assets on the Consolidated Balance Sheets as of December 31, 2025, into equity shares in the issuer and have partially impaired that equity investment, resulting in a net decrease in Cost Method Investments. Gains and losses on our Cost Method Investments, which are included in other income and (expense), net in the Consolidated Statements of Operations, for the periods presented in the table below are as follows:
Gains on Cost Method Investments for the three months ended March 31, 2026 relates to the sale of two investments in nonconsolidated affiliates as discussed above, while the loss during the three months ended March 31, 2026 relates to an impairment loss. Cumulative unrealized gains and losses on our Cost Method Investments that we owned as of March 31, 2026 and December 31, 2025, as shown in our Cost Method Investment balances in the table above, were as follows:
During the three months ended March 31, 2026, Earnings from equity method investments, which are included in other non-operating income and expense in the Consolidated Statements of Operations, consisted of the following:
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Other Current Liabilities |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Payables and Accruals [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Current Liabilities | Other Current Liabilities Other current liabilities consisted of the following:
The decrease in accrued payroll and employee benefits is due primarily to bonuses paid during the first quarter of 2026 that were earned in 2025. Accrued payroll and employee benefits includes accrued employee separation expenses of $4.6 million and $10.7 million as of March 31, 2026 and December 31, 2025, respectively, in connection with a transformation plan to optimize our operating model that ended in 2025. Other includes an interest rate swap liability of $2.6 million and $12.0 million as of March 31, 2026 and December 31, 2025, respectively, as discussed in Note 13, “Fair Value.”
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Other Liabilities |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Liabilities Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Liabilities Disclosure | Other Liabilities Other liabilities consisted of the following:
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Debt |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure | Debt Debt outstanding consisted of the following:
Senior Secured Credit Facility On June 15, 2010, we entered into a Senior Secured Credit Facility with various lenders. This facility has been amended several times and currently consists of the Senior Secured Term Loan B-8, Senior Secured Term Loan B-9, Senior Secured Term Loan B-5, Senior Secured Term Loan A-4 (collectively, the “Senior Secured Term Loans”), and the Senior Secured Revolving Credit Facility. On February 11, 2026, we executed Amendment No. 25 to the Senior Secured Credit Facility, pursuant to which we increased our borrowing capacity under the Senior Secured Revolving Credit Facility to $1.0 billion. All other key terms of the Senior Secured Revolving Credit Facility remained unchanged. We used proceeds from the Senior Secured Revolving Credit Facility to fund a portion of the cash purchase price of Trans Union de Mexico, as further discussed in Note 2, “Business Acquisitions.” As of March 31, 2026, we had $520.0 million in outstanding borrowings under the Senior Secured Revolving Credit Facility and $1.2 million of outstanding letters of credit, and could have borrowed up to the remaining $478.8 million available. Other debt in the table above includes a third-party financing arrangement we entered into in the second quarter of 2025 to purchase certain long-lived assets. This debt will be repaid over 5 years. We also have the ability to request incremental loans on the same terms under the Senior Secured Credit Facility up to the sum of the greater of $1,000.0 million and 100% of Consolidated EBITDA, minus the amount of secured indebtedness and the amount incurred prior to the incremental loan, and may incur additional incremental loans so long as the senior secured net leverage ratio does not exceed 4.25-to-1, subject to certain additional conditions and commitments by existing or new lenders to fund any additional borrowings. With certain exceptions, the Senior Secured Credit Facility obligations are secured by a first-priority security interest in substantially all of the assets of Trans Union LLC, including its investment in subsidiaries. The Senior Secured Credit Facility contains various restrictions and nonfinancial covenants, along with a senior secured net leverage ratio test. The nonfinancial covenants include restrictions on dividends, investments, dispositions, future borrowings and other specified payments, as well as additional reporting and disclosure requirements. The senior secured net leverage test must be met as a condition to incur additional indebtedness, make certain investments, and may be required to make certain restricted payments. The senior secured net leverage ratio must not exceed 5.5-to-1 at any such measurement date. Under the terms of the Senior Secured Credit Facility, TransUnion may make dividend payments up to the greater of $100 million or 10.0% of Consolidated EBITDA per year, or an unlimited amount provided that no default or event of default exists and so long as the total net leverage ratio does not exceed 4.75-to-1. As of March 31, 2026, we were in compliance with all debt covenants. Interest Rate Hedging In 2025, we entered into interest rate swap agreements with various counterparties that effectively fix our variable interest rate exposure on a portion of our Senior Secured Term Loans or similar replacement debt. The swaps commenced on June 30, 2025 and expire on December 31, 2027, with a current aggregate notional amount of $1,232.1 million that amortizes each quarter. The swaps require us to pay fixed rates varying between 3.2893% and 3.6920% in exchange for receiving a variable rate that matches the variable rate on our loans. We have designated these swap agreements as cash flow hedges. In 2024, we entered into interest rate swap agreements with various counterparties that effectively fix our variable interest rate exposure on a portion of our Senior Secured Term Loans or similar replacement debt. The swaps commenced on December 31, 2024, and expire on December 31, 2027, with a current aggregate notional amount of $1,078.5 million that amortizes each quarter. The swaps require us to pay fixed rates varying between 3.0650% and 3.9925% in exchange for receiving a variable rate that matches the variable rate on our loans. We have designated these swap agreements as cash flow hedges. In 2021, we entered into interest rate swap agreements with various counterparties that effectively fix our variable interest rate exposure on a portion of our Senior Secured Term Loans or similar replacement debt. The swaps commenced on December 31, 2021, and expire on December 31, 2026, with a current aggregate notional amount of $1,532.0 million that amortizes each quarter. The swaps require us to pay fixed rates varying between 1.3800% and 1.3915% in exchange for receiving a variable rate that matches the variable rate on our loans. We have designated these swap agreements as cash flow hedges. The net change in the fair value of our hedging instruments, included in our assessment of hedge effectiveness, is recorded in other comprehensive income, and reclassified to interest expense when the corresponding hedged interest affects earnings. See further discussion in Note 16, “Accumulated Other Comprehensive Loss.” We expect to realize gains of approximately $28.9 million as a reduction of interest expense from our interest rate hedges over the next twelve months. Fair Value of Debt The fair value of our Senior Secured Term Loans, excluding original issue discounts and deferred fees, and our Senior Secured Revolving Credit Facility is $5,588.9 million and $5,128.6 million as of March 31, 2026 and December 31, 2025, respectively. The fair values of our Senior Secured Term Loans and our Senior Secured Revolving Credit Facility are determined using Level 2 inputs, based on quoted market prices for the publicly traded instruments and observable market inputs for similar debt instruments, respectively
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Revenue |
3 Months Ended |
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Mar. 31, 2026 | |
| Revenue [Abstract] | |
| Revenue | Revenue Accounts receivable are shown separately on our balance sheet. Contract assets and liabilities result due to the timing of revenue recognition, billings and cash collections. Contract assets include our right to payment for goods and services already transferred to a customer when the right to payment is conditional on something other than the passage of time, for example, contracts pursuant to which we recognize revenue over time but do not have a contractual right to payment until we complete the contract. Contract assets are included in our other current assets and are not material as of March 31, 2026 and December 31, 2025. As most of our contracts with customers have a duration of one year or less, our contract liabilities consist of deferred revenue that is primarily short-term in nature. Contract liabilities include current and long-term deferred revenue that is included in other current liabilities and other liabilities, respectively. We expect to recognize the December 31, 2025 current deferred revenue balance as revenue during 2026. The majority of our long-term deferred revenue, which is not material, is expected to be recognized in less than two years. We have certain contracts that have a duration of more than one year. For these contracts, the transaction price allocable to the future performance obligations is primarily fixed but contains a variable component. As of March 31, 2026, the aggregate amount of transaction price attributable to future performance obligations for long-term non-cancelable contracts, excluding the variable component, is approximately $790 million. We expect to recognize approximately 50% of this amount in the twelve months ending March 31, 2027, 30% in the twelve months ending March 31, 2028 and 20% thereafter. For additional disclosures about the disaggregation of our revenue see Note 14, “Reportable Segments.”
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Income Taxes |
3 Months Ended |
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Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes For the three months ended March 31, 2026, we reported an effective tax rate of 6.5%, which was lower than the 21.0% U.S. federal corporate statutory rate, due primarily to the non-taxable gain on our acquisition of a majority equity interest in Trans Union de Mexico and a benefit from the elimination of a deferred tax liability on our Cost Method Investment upon obtaining control as further discussed in Note 2, “Business Acquisitions," and benefits on the remeasurement of deferred taxes due to changes in state apportionment rates as a result of legal entity mergers. For the three months ended March 31, 2025, we reported an effective tax rate of 21.2%, which was higher than the 21.0% U.S. federal corporate statutory rate, due primarily to the impact of nondeductible expenses primarily in connection with executive compensation limitations, the foreign rate differential, and state taxes, partially offset by the impact of the benefit to legal and regulatory expenses from the reduction of an accrued liability to zero for the dismissal of a lawsuit previously treated as nondeductible. The gross amount of unrecognized tax benefits, which excludes indirect tax effects, was $45.3 million as of March 31, 2026, and $44.3 million as of December 31, 2025. The amounts that would affect the effective tax rate if recognized were $34.4 million as of March 31, 2026 and $33.8 million as of December 31, 2025. We classify interest and penalties as income tax expense in the Consolidated Statements of Operations and their associated liabilities as other liabilities in the Consolidated Balance Sheets. Interest and penalties on unrecognized tax benefits were $22.8 million as of March 31, 2026 and $21.6 million as of December 31, 2025. We are regularly audited by federal, state and foreign taxing authorities. Given the uncertainties inherent in the audit process, it is reasonably possible that certain audits could result in a significant increase or decrease in the total amounts of unrecognized tax benefits. An estimate of the range of the increase or decrease in unrecognized tax benefits due to audit results cannot be made at this time. Tax years 2007 and forward remain open for examination in some foreign jurisdictions, 2012 and forward for U.S. federal income tax purposes and 2015 and forward in some state jurisdictions.
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Fair Value |
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| Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value | Fair Value The following table summarizes financial instruments measured at fair value, on a recurring basis, as of March 31, 2026:
The following table summarizes financial instruments measured at fair value, on a recurring basis, as of December 31, 2025:
Level 2 instruments include interest rate swaps, a foreign currency cash flow hedge and available-for-sale marketable securities consisting of foreign exchange-traded corporate bonds. We determine the fair value of the interest rate swaps each reporting period using the market standard methodology of discounting the future expected net cash receipts or payments that would occur if variable interest rates rise above or fall below the fixed rates of the swaps, with changes in fair value recognized in other comprehensive income. The variable interest rates used in the calculations of projected receipts on the swaps are based on an expectation of future interest rates derived from observable market interest rate curves and volatilities. Each individual swap contract is valued independently and recorded on a gross basis in other assets and other current liabilities. In November 2025, we entered into a foreign currency forward contract to economically hedge our exposure of a portion of the purchase price of our acquisition of a majority ownership interest in Trans Union de Mexico. The notional amount of the foreign exchange forward contract was MXN 2.9 billion. We determined the fair value of this contract using observable market inputs and standard valuation technique using the contracted forward rate and the current market forward rate for a contract with the same remaining term, with changes in fair value recognized in other income and (expense), net in the Consolidated Statement of Operations each period. This was settled during the three months ended March 31, 2026 upon completion of the acquisition of a majority ownership interest in Trans Union de Mexico. We determine the fair value of the marketable securities, which are available-for-sale foreign exchange-traded corporate bonds, at their current quoted prices and they mature between 2027 and 2033. Unrealized gains and losses on the foreign exchange-traded corporate bonds, which are not material, are included in other comprehensive income. Level 3 instruments consist of convertible notes receivable we have obtained from the variable interest entity we discuss in Note 1, “Significant Accounting Policies,” under the sub-heading “Variable Interest Entities.” Each convertible note receivable is measured at fair value each period using an option pricing model with inputs based on the contractual terms of the convertible note. The significant unobservable inputs into the model include our estimates of the timing and probabilities of repayment or various conversion scenarios that result in a payoff in the form of preferred equity of the note issuer, and the value of the underlying preferred equity, which in part is based on forecasted revenue of the note issuer. We have elected to initially and subsequently measure these hybrid financial instruments at fair value, with changes in fair value recognized in interest income for the interest accretion component, and other income and (expense), net in the Consolidated Statements of Operations for other changes to fair value. In the three months ended March 31, 2026, we converted all of the notes that were outstanding as of December 31, 2025 into preferred equity in the issuer of the notes as further discussed in Note 7, “Investment in Affiliated Companies.” During the three months ended March 31, 2026, we obtained an additional convertible note that has a face amount of $1.0 million, with simple interest at 12% per annum, and matures 16 months after the purchase date. The note may be converted into various equity shares based on certain events, or may be repaid in cash. The note was initially recorded at a fair value of $1.0 million, which was equivalent to the cash transferred to obtain the convertible note.
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Reportable Segments |
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| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting Disclosure | Reportable Segments We have two operating segments, U.S. Markets and International, and the Corporate unit, which provides support services to each of the segments. The Company’s chief operating decision maker (“CODM”) is the chief executive officer. The Company’s operating segments, which are consistent with its reportable segments, reflect the structure of the Company’s internal organization, the method by which the Company’s resources are allocated and the manner by which the CODM assesses the Company’s performance. Our CODM uses the profit measure of Adjusted EBITDA for our segments to allocate resources and assess performance of our businesses. We use Adjusted EBITDA as our profit measure because it eliminates the impact of certain items that we do not consider indicative of operating performance, which is useful to compare operating results between periods. The CODM uses Adjusted EBITDA for each segment predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances on a quarterly basis when making decisions about the allocation of operating and capital resources to each segment. Our Board and executive management team also use Adjusted EBITDA as a compensation measure for both segment and corporate management under our incentive compensation plans. Adjusted EBITDA is also a measure frequently used by securities analysts, investors, and other interested parties in their evaluation of the operating performance of companies similar to ours. The segment financial information presented below aligns with how we report information to our CODM to assess operating performance and how we manage the business. The accounting policies of the segments are the same as described in Note 1, “Significant Accounting Policies” of our Annual Report on Form 10-K for the year ended December 31, 2025. The following is a more detailed description of our reportable segments and the Corporate unit: U.S. Markets The U.S. Markets segment provides data, analytics and actionable insights to businesses and consumers. Businesses use our services to acquire customers, assess consumers’ ability to pay for services, identify cross-selling opportunities, measure and manage debt portfolio risk, collect debt, verify consumer identities, mitigate fraud risk and respond to data breach events. Consumers use our services to manage their personal finances and take precautions against identity theft. We report disaggregated revenue of our U.S. Markets segment for Financial Services, Emerging Verticals and Consumer Interactive. •Financial Services: The Financial Services vertical consists of our Consumer Lending, Mortgage, Auto and Card and Banking lines of business. Our Financial Services clients consist of most banks, credit unions, finance companies, auto lenders, mortgage lenders, FinTechs, and other consumer lenders in the United States. We also distribute our solutions through most major resellers, secondary market players and sales agents. Beyond traditional lenders, we work with a variety of credit arrangers, such as auto dealers and peer-to-peer lenders. We provide solutions across every aspect of the lending lifecycle; customer acquisition and engagement, fraud and ID management, retention and recovery. Our products are focused on mitigating risk and include credit reporting, credit marketing, analytics and consulting, identity verification and authentication and debt recovery solutions. •Emerging Verticals: Emerging Verticals include Insurance, Technology, Retail and E-Commerce, Telecommunications, Media, Tenant & Employment Screening, Collections, and Public Sector. Our solutions in these verticals are also data-driven and address the entire customer lifecycle. We offer onboarding and transaction processing products, scoring and analytic products, marketing solutions, fraud and identity management solutions and customer retention solutions, as well as select market-specific solutions in Insurance and Telecommunications. •Consumer Interactive: The Consumer Interactive vertical provides solutions that help consumers manage their personal finances and take precautions against identity theft. Services include paid and free credit reports, scores and freezes, credit monitoring, identity protection and resolution, and financial management for consumers. This vertical also provides solutions that help businesses respond to data breach events. Our products are provided through user-friendly online and mobile interfaces and are supported by educational content and customer support. Our Consumer Interactive vertical serves consumers through both direct and indirect channels. International The International segment provides services similar to our U.S. Markets segment to businesses in select regions outside the United States. Depending on the maturity of the credit economy in each country, services may include credit reports, analytics and solutions services, and other value-added risk management services. In addition, we have insurance, business, and automotive databases in select geographies. These services are offered to customers in a number of industries including financial services, insurance, automotive, collections, public sector, gaming, and communications, and are delivered through both direct and indirect channels. The International segment also provides consumer services similar to those offered by our Consumer Interactive vertical in our U.S. Markets segment that help consumers proactively manage their personal finances and take precautions against identity theft. We report disaggregated revenue of our International segment for the following regions: Canada, Latin America, including our recent acquisition of a majority ownership interest in Trans Union de Mexico, the United Kingdom, Africa, India and Asia Pacific. Corporate Corporate provides support services for each of the segments, holds investments, and conducts enterprise functions. Certain costs incurred in Corporate that are not directly attributable to either of the segments remain in Corporate. These costs are typically enterprise-level costs and are primarily administrative in nature. Selected segment financial information and disaggregated revenue consisted of the following:
Significant segment expenses consisted of the following:
1.The significant expense categories and amounts align with costs included in segment Adjusted EBITDA that are regularly provided to the CODM. Intersegment expenses are included within the amounts shown. 2.Product and fulfillment expenses principally include data acquisition and royalty fees, mailing and postage, and call center support costs. 3.Labor-related expenses include fully burdened compensation expenses, including incentive compensation, as well as costs incurred to augment our workforce with subcontractors, net of any amounts capitalized for internally developed software. 4.Technology and communication expenses includes hardware and software maintenance and support, subscriptions to cloud-based software, and telecommunications. 5.Other segment items includes litigation, facilities costs, marketing and advertising, professional services, travel and entertainment, earnings from equity method investments, and overhead and corporate allocations, among other costs. For the International segment, Other segment items also includes earnings attributable to non-controlling interests. A reconciliation of Segment Adjusted EBITDA to income before income taxes for the periods presented is as follows:
1.Certain costs that are not directly attributable to either of the segments remain in Corporate. These costs are typically enterprise-level costs and are primarily administrative in nature. 2.Mergers and acquisitions, divestitures and business optimization consists of costs associated with exploratory or executed strategic transactions and fair value and impairment adjustments related to investments and call and put options, notes receivable, gains or losses on a step acquisition and mark-to-market adjustments on acquisition-related foreign currency forward contracts. 3.Accelerated technology investment represents expenses incurred in connection with the transformation of our technology infrastructure. 4.Consists of restructuring expenses as presented on our Consolidated Statements of Operations and other business process optimization expenses. 5.Net other consists primarily of certain legal and regulatory expenses, and other non-operating income and expenses, comprised of deferred loan fee expense from debt prepayments and refinancing, currency remeasurement on foreign operations, and other debt financing expenses. Earnings from equity method investments included in non-operating income and expense was as follows:
Total assets by segment consisted of the following:
Cash paid for capital expenditures by segment was as follows:
Depreciation and amortization expense by segment was as follows:
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Contingencies |
3 Months Ended |
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Mar. 31, 2026 | |
| Contingencies [Abstract] | |
| Contingencies Disclosure | Contingencies Legal and Regulatory Matters We are routinely named as defendants in, or parties to, various legal actions and proceedings relating to our current or past business operations. These actions generally assert claims for violations of federal or state credit reporting, consumer protection or privacy laws, or common law claims related to the unfair treatment of consumers, and may include claims for substantial or indeterminate compensatory or punitive damages, or injunctive relief, and may seek business practice changes. We believe that most of these claims are either without merit or we have valid defenses to the claims, and we vigorously defend these matters or seek non-monetary or small monetary settlements, if possible. However, due to the uncertainties inherent in litigation, we cannot predict the outcome of each claim in each instance. In the ordinary course of business, we also are subject to governmental and regulatory examinations, information-gathering requests, investigations and proceedings (both formal and informal), certain of which may result in adverse judgments, settlements, fines, penalties, injunctions or other relief. In connection with formal and informal investigations and inquiries by regulators, we sometimes receive civil investigative demands, requests, subpoenas and orders seeking documents, testimony, and other information in connection with various aspects of our activities. In view of the inherent unpredictability of legal and regulatory matters, particularly where the damages sought are substantial or indeterminate or when the proceedings or investigations are in the early stages, we cannot determine with any degree of certainty the timing or ultimate resolution of legal and regulatory matters or the eventual loss, fines or penalties, if any, that may result from such matters. We establish reserves for legal and regulatory matters when those matters present loss contingencies that are both probable and can be reasonably estimated. However, for certain of the matters, we are not able to reasonably estimate our exposure because damages or penalties have not been specified and (i) the proceedings are in early stages, (ii) there is uncertainty as to the likelihood of a class being certified or the ultimate size of the class, (iii) there is uncertainty as to the outcome of similar matters pending against our competitors, (iv) there are significant factual issues to be resolved, and/or (v) there are legal issues of a first impression being presented. The actual costs of resolving legal and regulatory matters, however, may be substantially higher than the amounts reserved for those matters, and an adverse outcome in certain of these matters could have a material adverse effect on our consolidated financial statements in particular quarterly or annual periods. We accrue amounts for certain legal and regulatory matters for which losses were considered to be probable of occurring based on our best estimate of the most likely outcome. It is reasonably possible actual losses could be significantly different from our current estimates. In addition, there are some matters for which it is reasonably possible that a loss will occur, however, we cannot estimate a range of the potential losses for these matters. To reduce our exposure to an unexpected significant monetary award resulting from an adverse judicial decision, we maintain insurance that we believe is appropriate and adequate based on our historical experience. We regularly advise our insurance carriers of the claims, threatened or pending, against us in legal and regulatory matters and generally receive a reservation of rights letter from the carriers when such claims exceed applicable deductibles. We are not aware of any significant monetary claim that has been asserted against us, except for the pending matter with the Consumer Financial Protection Bureau (the “CFPB”) referenced below, that would not have some level of coverage by insurance after the relevant deductible, if any, is met. As of March 31, 2026 and December 31, 2025, we have accrued $71.8 million and $62.2 million, respectively, for legal and regulatory matters. These amounts were recorded in other accrued liabilities in the Consolidated Balance Sheets and the associated expenses are recorded in selling, general and administrative expenses in the Consolidated Statements of Operations. Legal fees incurred in connection with ongoing litigation are considered period costs and are expensed as incurred. CFPB Matters In June 2021, we received a Notice and Opportunity to Respond and Advise (“NORA”) letter from the CFPB alleging that we failed to comply with and timely implement a consent order issued by the CFPB in January 2017 (the “2017 Consent Order”), and further alleging additional violations related to Consumer Interactive’s marketing practices. On April 12, 2022, the agency filed a lawsuit against us, Trans Union LLC, TransUnion Interactive, Inc. (collectively, the “TU Entities”) and the former President of Consumer Interactive, John Danaher, in the United States District Court for the Northern District of Illinois. On February 28, 2025, the CFPB, the TU Entities and Mr. Danaher filed with the Court a joint stipulation to voluntarily dismiss the lawsuit with prejudice, and the Court dismissed the lawsuit on March 21, 2025. During the three months ended March 31, 2025, we adjusted the amount previously accrued for this matter of $56.0 million to zero, as the dismissal has rendered a loss no longer probable. In March 2024, we received a NORA letter from the CFPB, informing us that the CFPB’s Enforcement Division was considering whether to recommend that the CFPB take legal action against us related to our dispute handling practices and procedures. The NORA letter alleged that Trans Union LLC violated the Fair Credit Reporting Act’s requirements to conduct a reasonable reinvestigation of disputed information and follow reasonable procedures to assure maximum possible accuracy of the information in consumer reports, and the Consumer Financial Protection Act’s prohibition of unfair, deceptive, and abusive acts or practices. On July 12, 2024, the CFPB Enforcement Division advised us that it had obtained authority to pursue an enforcement action against us seeking specific injunctive relief provisions and civil money penalties. We were previously engaged in active discussions with the CFPB regarding this matter, including that our ability to make proposed changes to certain dispute handling processes is dependent on the participation of other consumer reporting agencies, data furnishers and industry participants. Given the recent changes in CFPB leadership, our engagement with the agency on this matter has paused. We cannot provide an estimate of when, or if, such engagement will resume. We further cannot provide assurance that the CFPB will not ultimately commence a lawsuit against us in this matter, nor are we able to predict the likely outcome of this matter.
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Accumulated Other Comprehensive Loss |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss The following tables set forth the changes in each component of accumulated other comprehensive loss, net of tax, as of March 31, 2026 and 2025:
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Insider Trading Arrangements |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026
shares
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| Trading Arrangements, by Individual | ||||||||||||||||||||||||||||||||||||||||||||||
| Non-Rule 10b5-1 Arrangement Adopted | false | |||||||||||||||||||||||||||||||||||||||||||||
| Rule 10b5-1 Arrangement Terminated | false | |||||||||||||||||||||||||||||||||||||||||||||
| Non-Rule 10b5-1 Arrangement Terminated | false | |||||||||||||||||||||||||||||||||||||||||||||
| Mohamed F. Abdelsadek [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
| Trading Arrangements, by Individual | ||||||||||||||||||||||||||||||||||||||||||||||
| Material Terms of Trading Arrangement | During the three months ended March 31, 2026, the following directors or officers, as defined by Rule 16a-1(f) of the Exchange Act, each adopted a Rule 10b5-1 trading agreement (“10b5-1 Plan”) that is intended to satisfy the affirmative defense of Rule 10b5-1(c).
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| Name | Mohamed F. Abdelsadek | |||||||||||||||||||||||||||||||||||||||||||||
| Title | Executive Vice President, Chief Global Solutions Officer | |||||||||||||||||||||||||||||||||||||||||||||
| Rule 10b5-1 Arrangement Adopted | true | |||||||||||||||||||||||||||||||||||||||||||||
| Adoption Date | March 13, 2026 | |||||||||||||||||||||||||||||||||||||||||||||
| Expiration Date | August 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||
| Arrangement Duration | 177 days | |||||||||||||||||||||||||||||||||||||||||||||
| Aggregate Available | 34,815 | |||||||||||||||||||||||||||||||||||||||||||||
Significant Accounting Policies (Policies) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Basis of Presentation | Basis of Presentation The accompanying unaudited condensed consolidated financial statements of TransUnion and subsidiaries have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial statements and, in our opinion, include all adjustments of a normal recurring nature necessary for a fair statement of the interim periods presented. As a result of displaying amounts in millions, rounding differences may exist in the financial statements and footnote tables. The interim results presented are not necessarily indicative of the results that may be expected for the full year ending December 31, 2026. The Company’s Consolidated Balance Sheet data for the year ended December 31, 2025 was derived from audited financial statements. Therefore, these unaudited consolidated financial statements should be read in conjunction with our audited financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on February 27, 2026. Unless the context indicates otherwise, any reference in this report to the “Company,” “we,” “our,” “us,” and “its” refers to TransUnion and its consolidated subsidiaries, collectively. For the periods presented, TransUnion does not have any material assets, liabilities, revenues, expenses or operations of any kind other than its ownership investment in TransUnion Intermediate Holdings, Inc.
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| Principles of Consolidation | Principles of Consolidation The consolidated financial statements of TransUnion include the accounts of TransUnion and all of its controlled subsidiaries. All intercompany transactions and balances have been eliminated. Investments in Affiliated Companies Investments in nonmarketable unconsolidated entities in which the Company is able to exercise significant influence are accounted for using the equity method. Investments in nonmarketable unconsolidated entities in which the Company is not able to exercise significant influence, our “Cost Method Investments,” are accounted for at our initial cost, minus any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer.
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| Use of Estimates, Policy | Use of Estimates The preparation of consolidated financial statements and related disclosures in accordance with GAAP requires management to make estimates and judgments that affect the amounts reported. We believe that the estimates used in preparation of the accompanying consolidated financial statements are reasonable, based upon information available to management at this time. These estimates and judgments affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the balance sheet date, as well as the amounts of revenue and expense during the reporting period. Estimates are inherently uncertain and actual results could differ materially from the estimated amounts.
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| Accounts Receivable | Trade Accounts Receivable We base our allowance for doubtful accounts estimate on our historical loss experience, our current expectations of future losses, current economic conditions, an analysis of the aging of outstanding receivables and customer payment patterns, and specific reserves for customers in adverse financial condition or for existing contractual disputes. The following is a roll-forward of the allowance for doubtful accounts for the periods presented:
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| Recent Accounting Pronouncements Not Yet Adopted | Recently Adopted Accounting Pronouncements On July 30, 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. This ASU states that in developing reasonable and supportable forecasts as part of estimating expected credit losses, an entity may elect a practical expedient that assumes that current conditions as of the balance sheet date do not change for the remaining life of the asset. This ASU is effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods on a prospective basis. We have adopted this ASU for interim periods beginning in fiscal year 2026. The adoption of this ASU did not have a material impact on our consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted On November 4, 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-04), Disaggregation of Income Statement Expenses. This ASU requires disclosure within the notes to financial statements of specific information about certain costs and expenses including more detailed disclosures of certain categories of expenses such as employee compensation, depreciation and intangible asset amortization that are components of existing expense captions presented on the face of the income statement. The update is effective for annual periods for fiscal years beginning after December 15, 2026 and interim periods beginning after December 15, 2027 on a prospective or retrospective basis. Early adoption is permitted. We are currently assessing the impact that adopting this ASU would have on our consolidated financial statements. On September 18, 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. This ASU removes all references to prescriptive and sequential software development stages (referred to as “project stages”) and instead requires an entity to start capitalizing software costs when management has authorized and committed to funding the software project and it is probable that the project will be completed and the software will be used to perform the function intended. Additional updates include changes to accounting for website development costs and certain disclosure requirements. This ASU will be effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. Early adoption is permitted as of the beginning of an annual reporting period. This ASU permits an entity to apply the new guidance using either a prospective transition approach, a modified transition approach that is based on the status of the project and whether software costs were capitalized before the date of adoption, or a retrospective transition approach. We are currently assessing the impact that adopting this ASU would have on our consolidated financial statements. On November 25, 2025, the FASB issued ASU 2025-09, Derivatives and Hedging (Topic 815), Hedge Accounting Improvements. Among other changes, this ASU introduces an alternative hedge accounting model for cash flow hedges of interest payments on choose-your-rate debt instruments, allowing entities to specify the alternative interest rate indexes and tenors that may be selected as being hedged, without discontinuing hedge accounting. This update is effective for annual reporting periods for fiscal years beginning after December 15, 2026, and interim periods within those annual reporting periods, on a prospective basis. Early adoption is permitted. We are currently assessing the impact that adopting this ASU would have on our consolidated financial statements. On December 8, 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow Scope Improvements. This ASU provides additional clarification on interim disclosure requirements, including a comprehensive list of interim disclosures required by GAAP. Further, this ASU includes a new disclosure principle that requires entities to disclose events since the end of the last annual reporting period that have had a material impact. This includes material events and/or changes to items not listed as a required interim disclosure in Topic 270. This ASU is effective for interim reporting periods within annual reporting periods beginning after December 31, 2027. Early adoption is permitted. We are currently assessing the impact that adopting this ASU would have on our financial statements.
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| Consolidation, Variable Interest Entity, Policy | Variable Interest Entities At inception, we determine whether an entity in which we have made an investment or with which we have other variable interest arrangements is considered a variable interest entity (“VIE”). We are required to consolidate any VIE if we are the primary beneficiary of the VIE. We are the primary beneficiary of a VIE if we have the power to direct activities that most significantly affect the economic performance of the VIE and have the obligation to absorb a portion of the losses or benefits that are significant to the VIE. If we are not the primary beneficiary of the VIE, we account for the investment or other variable interests in the VIE in accordance with other applicable GAAP. When events or circumstances change our variable interests or relationships with any of these entities, we reassess our determination of whether they are a VIE and, if so, whether we are the primary beneficiary.
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Significant Accounting Policies - Allowance for Doubtful Accounts (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Allowance for Doubtful Accounts [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Receivable, Allowance for Credit Loss | The following is a roll-forward of the allowance for doubtful accounts for the periods presented:
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Business Acquisitions (Tables) |
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination, Separately Recognized Transaction | The table below summarizes the elements of purchase consideration for the acquisition:
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| Business Combination, Recognized Asset Acquired and Liability Assumed | The table below summarizes the preliminary allocation of fair value of assets acquired and liabilities assumed as of March 31, 2026:
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| Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived | The following table sets forth the components of identifiable intangible assets acquired and the weighted average amortization period as of the acquisition date:
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| Business Combination, Pro Forma Information | The unaudited supplemental pro-forma financial information has been calculated after applying TransUnion’s accounting policies and adjusting the results of the combined company to reflect moving the gain on our previous equity method investment discussed above into the first quarter of 2025, incremental amortization expense resulting from the fair value adjustments for acquired intangible assets, an increase in interest expense resulting from the external debt borrowed by TransUnion to fund the acquisition, removal of the historical equity earnings recorded for our previous 26% ownership interest, moving the 2025 and 2026 acquisition costs incurred in connection with the transaction back to the first quarter of 2025 and the corresponding income tax impact of these adjustments.
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Other Current Assets (Tables) |
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Current Assets | Other current assets consisted of the following:
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Goodwill (Tables) |
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Goodwill | Goodwill allocated to our reportable segments and changes in the carrying amount of goodwill during the three months ended March 31, 2026, consisted of the following:
The gross and net goodwill balances at each period were as follows:
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Intangible Assets (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Finite-Lived Intangible Assets | Intangible assets consisted of the following:
Changes in the carrying amount of intangible assets between periods consisted of the following:
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Other Assets (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other assets | Other assets consisted of the following:
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Investments in Affiliated Companies (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments in and Advances to Affiliates, Schedule of Investments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments in and Advances to Affiliates | Investments in affiliated companies, which are included in other assets in the Consolidated Balance Sheets, consisted of the following:
During the three months ended March 31, 2026, we acquired a controlling interest in Trans Union de Mexico, an entity we previously held as an equity method investment, as further discussed in Note 2, “Business Acquisitions,” resulting in a decrease in equity method investments. We also sold two Cost Method Investments and converted notes receivable, previously included within Other Assets on the Consolidated Balance Sheets as of December 31, 2025, into equity shares in the issuer and have partially impaired that equity investment, resulting in a net decrease in Cost Method Investments.
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| Schedule Of Equity Investments Income Statement Information | Earnings from equity method investments, which are included in other non-operating income and expense in the Consolidated Statements of Operations, consisted of the following:
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| Equity Securities without Readily Determinable Fair Value | Gains and losses on our Cost Method Investments, which are included in other income and (expense), net in the Consolidated Statements of Operations, for the periods presented in the table below are as follows:
Gains on Cost Method Investments for the three months ended March 31, 2026 relates to the sale of two investments in nonconsolidated affiliates as discussed above, while the loss during the three months ended March 31, 2026 relates to an impairment loss. Cumulative unrealized gains and losses on our Cost Method Investments that we owned as of March 31, 2026 and December 31, 2025, as shown in our Cost Method Investment balances in the table above, were as follows: During the three months ended March 31, 2026,
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Other Current Liabilities (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Payables and Accruals [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Current Liabilities | Other current liabilities consisted of the following:
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Other Liabilities (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Liabilities Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Noncurrent Liabilities | Other liabilities consisted of the following:
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Debt (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt outstanding | Debt outstanding consisted of the following:
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Fair Value (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Instruments Measured At Fair Value, on Recurring Basis | The following table summarizes financial instruments measured at fair value, on a recurring basis, as of March 31, 2026:
The following table summarizes financial instruments measured at fair value, on a recurring basis, as of December 31, 2025:
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Reportable Segments (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Selected Segment Financial Information and Disaggregated Revenue | Selected segment financial information and disaggregated revenue consisted of the following:
Significant segment expenses consisted of the following:
1.The significant expense categories and amounts align with costs included in segment Adjusted EBITDA that are regularly provided to the CODM. Intersegment expenses are included within the amounts shown. 2.Product and fulfillment expenses principally include data acquisition and royalty fees, mailing and postage, and call center support costs. 3.Labor-related expenses include fully burdened compensation expenses, including incentive compensation, as well as costs incurred to augment our workforce with subcontractors, net of any amounts capitalized for internally developed software. 4.Technology and communication expenses includes hardware and software maintenance and support, subscriptions to cloud-based software, and telecommunications. 5.Other segment items includes litigation, facilities costs, marketing and advertising, professional services, travel and entertainment, earnings from equity method investments, and overhead and corporate allocations, among other costs. For the International segment, Other segment items also includes earnings attributable to non-controlling interests.
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| Reconciliation of Other Significant Reconciling Items from Segments to Consolidated | A reconciliation of Segment Adjusted EBITDA to income before income taxes for the periods presented is as follows:
1.Certain costs that are not directly attributable to either of the segments remain in Corporate. These costs are typically enterprise-level costs and are primarily administrative in nature. 2.Mergers and acquisitions, divestitures and business optimization consists of costs associated with exploratory or executed strategic transactions and fair value and impairment adjustments related to investments and call and put options, notes receivable, gains or losses on a step acquisition and mark-to-market adjustments on acquisition-related foreign currency forward contracts. 3.Accelerated technology investment represents expenses incurred in connection with the transformation of our technology infrastructure. 4.Consists of restructuring expenses as presented on our Consolidated Statements of Operations and other business process optimization expenses. 5.Net other consists primarily of certain legal and regulatory expenses, and other non-operating income and expenses, comprised of deferred loan fee expense from debt prepayments and refinancing, currency remeasurement on foreign operations, and other debt financing expenses.
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| Earnings Losses From Equity Method Investments By Segment Included In Other Income And Expense | Earnings from equity method investments included in non-operating income and expense was as follows:
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| Reconciliation of Assets from Segment to Consolidated | Total assets by segment consisted of the following:
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| Additions to Long Lived Assets | Cash paid for capital expenditures by segment was as follows:
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| Depreciation and Amortization by Segment | Depreciation and amortization expense by segment was as follows:
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Accumulated Other Comprehensive Loss (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Accumulated Other Comprehensive Income (Loss) | The following tables set forth the changes in each component of accumulated other comprehensive loss, net of tax, as of March 31, 2026 and 2025:
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Business Acquisitions - Purchase Consideration (Details) - Trans Union de Mexico, S.A., S.I.C. $ in Millions |
Mar. 02, 2026
USD ($)
|
|---|---|
| Business Combination [Line Items] | |
| Cash consideration paid to sellers | $ 659.7 |
| Fair value of equity method investment | 247.4 |
| Fair value of noncontrolling interest | 56.2 |
| Settlement of preexisting receivables | 23.1 |
| Total purchase consideration | $ 986.5 |
Business Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions |
Mar. 02, 2026 |
Mar. 31, 2026 |
Dec. 31, 2025 |
|---|---|---|---|
| Business Combination [Line Items] | |||
| Goodwill | $ 5,775.6 | $ 5,259.5 | |
| Trans Union de Mexico, S.A., S.I.C. | |||
| Business Combination [Line Items] | |||
| Purchase consideration | $ 986.5 | ||
| Cash and cash equivalents | 81.1 | ||
| Trade accounts receivable | 19.4 | ||
| Other current assets | 6.4 | ||
| Property, plant and equipment | 17.0 | ||
| Intangible assets | 576.0 | ||
| Other assets | 0.7 | ||
| Total identifiable assets acquired | 700.5 | ||
| Accounts payable | 12.1 | ||
| Other current liabilities | 67.9 | ||
| Deferred revenue | 2.0 | ||
| Other liabilities | 10.2 | ||
| Deferred tax liabilities | 169.2 | ||
| Total liabilities assumed | 261.5 | ||
| Net identifiable assets acquired | 439.0 | ||
| Goodwill | 547.5 | ||
| Net assets acquired | 986.5 | ||
| Less: Noncontrolling interest | 56.2 | ||
| Net fair value of assets acquired | $ 930.3 |
Business Acquisitions - Identifiable Intangible Assets (Details) - Trans Union de Mexico, S.A., S.I.C. $ in Millions |
Mar. 02, 2026
USD ($)
|
|---|---|
| Business Combination [Line Items] | |
| Preliminary Fair Value | $ 576.0 |
| Weighted-Average Amortization Period | 14 years 9 months 18 days |
| Customer relationships | |
| Business Combination [Line Items] | |
| Preliminary Fair Value | $ 127.7 |
| Weighted-Average Amortization Period | 15 years |
| Database and credit files | |
| Business Combination [Line Items] | |
| Preliminary Fair Value | $ 430.5 |
| Weighted-Average Amortization Period | 15 years |
| Trade names and trademarks | |
| Business Combination [Line Items] | |
| Preliminary Fair Value | $ 15.2 |
| Weighted-Average Amortization Period | 10 years |
| Developed technology | |
| Business Combination [Line Items] | |
| Preliminary Fair Value | $ 2.6 |
| Weighted-Average Amortization Period | 3 years |
Business Acquisitions - Pro Forma (Details) - Trans Union de Mexico, S.A., S.I.C. - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
|
| Business Combination [Line Items] | ||
| Pro-forma revenue | $ 1,278.8 | $ 1,133.4 |
| Pro-forma net income attributable to TransUnion | $ 159.6 | $ 383.0 |
Other Current Assets (Details) - USD ($) $ in Millions |
Mar. 31, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||
| Prepaid expenses | $ 153.0 | $ 134.5 |
| Marketable securities (Note 13) | 0.6 | 2.7 |
| Other | 83.7 | 120.5 |
| Total other current assets | $ 237.3 | $ 257.7 |
Goodwill - Changes in Goodwill (Details) $ in Millions |
3 Months Ended |
|---|---|
|
Mar. 31, 2026
USD ($)
| |
| Goodwill [Roll Forward] | |
| Goodwill, Beginning Balance | $ 5,259.5 |
| Business acquisitions | 547.5 |
| Purchase accounting measurement period adjustments | 0.7 |
| Foreign exchange rate adjustment | (32.0) |
| Goodwill, Ending Balance | 5,775.6 |
| U.S. Markets | |
| Goodwill [Roll Forward] | |
| Goodwill, Beginning Balance | 4,311.3 |
| Business acquisitions | 0.0 |
| Purchase accounting measurement period adjustments | 1.1 |
| Foreign exchange rate adjustment | 0.3 |
| Goodwill, Ending Balance | 4,312.7 |
| International | |
| Goodwill [Roll Forward] | |
| Goodwill, Beginning Balance | 948.2 |
| Business acquisitions | 547.5 |
| Purchase accounting measurement period adjustments | (0.4) |
| Foreign exchange rate adjustment | (32.3) |
| Goodwill, Ending Balance | $ 1,463.0 |
Goodwill - Gross and Net Goodwill Balances (Details) - USD ($) $ in Millions |
Mar. 31, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Goodwill [Line Items] | ||
| Gross Goodwill | $ 6,189.6 | $ 5,673.5 |
| Accumulated impairment | (414.0) | (414.0) |
| Net Goodwill | 5,775.6 | 5,259.5 |
| U.S. Markets | ||
| Goodwill [Line Items] | ||
| Gross Goodwill | 4,312.7 | 4,311.3 |
| Accumulated impairment | 0.0 | 0.0 |
| Net Goodwill | 4,312.7 | 4,311.3 |
| International | ||
| Goodwill [Line Items] | ||
| Gross Goodwill | 1,877.0 | 1,362.2 |
| Accumulated impairment | (414.0) | (414.0) |
| Net Goodwill | $ 1,463.0 | $ 948.2 |
Intangible Assets - Summary (Details) - USD ($) $ in Millions |
Mar. 31, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Finite-Lived Intangible Assets [Line Items] | ||
| Gross | $ 6,393.8 | $ 5,814.8 |
| Accumulated Amortization | (2,830.0) | (2,716.3) |
| Net | 3,563.8 | 3,098.5 |
| Customer relationships | ||
| Finite-Lived Intangible Assets [Line Items] | ||
| Gross | 2,203.8 | 2,085.9 |
| Accumulated Amortization | (712.7) | (684.9) |
| Net | 1,491.1 | 1,401.0 |
| Internal use software | ||
| Finite-Lived Intangible Assets [Line Items] | ||
| Gross | 1,822.1 | 1,778.3 |
| Accumulated Amortization | (885.3) | (822.8) |
| Net | 936.8 | 955.5 |
| Database and credit files | ||
| Finite-Lived Intangible Assets [Line Items] | ||
| Gross | 1,784.5 | 1,383.0 |
| Accumulated Amortization | (1,030.0) | (1,010.4) |
| Net | 754.5 | 372.6 |
| Trademarks, copyrights and patents | ||
| Finite-Lived Intangible Assets [Line Items] | ||
| Gross | 582.3 | 566.4 |
| Accumulated Amortization | (201.7) | (197.9) |
| Net | 380.6 | 368.6 |
| Noncompete and other agreements | ||
| Finite-Lived Intangible Assets [Line Items] | ||
| Gross | 1.0 | 1.2 |
| Accumulated Amortization | (0.3) | (0.3) |
| Net | $ 0.8 | $ 0.8 |
Other Assets (Details) - USD ($) $ in Millions |
Mar. 31, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Other assets | ||
| Investments in affiliated companies (Note 2 and Note 7) | $ 169.9 | $ 232.6 |
| Right-of-use lease assets | 73.7 | 49.2 |
| Interest rate swaps (Note 10 and Note 13) | 31.7 | 31.7 |
| Convertible notes receivable (Note 13) | 1.0 | 23.0 |
| Other | 139.4 | 143.7 |
| Total other assets | $ 415.6 | $ 480.2 |
Investments in Affiliated Companies (Details) - USD ($) $ in Millions |
Mar. 31, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Investments in and Advances to Affiliates, Schedule of Investments [Abstract] | ||
| Cost Method Investments | $ 153.8 | $ 171.1 |
| Equity Method Investments | 11.3 | 57.8 |
| Limited Partnership Investment | 4.8 | 3.7 |
| Total investments in affiliated companies (Note 6) | $ 169.9 | $ 232.6 |
Investments in Affiliated Companies - Current Year And Cumulative Gains/Losses (Details) - USD ($) $ in Millions |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
Dec. 31, 2025 |
|
| Investments in and Advances to Affiliates [Abstract] | |||
| Equity Securities, FV-NI, Realized Gain | $ 18.8 | $ 0.0 | |
| Equity Securities, FV-NI, Realized Loss | (11.7) | $ (10.4) | |
| Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Cumulative Amount | 46.3 | $ 50.8 | |
| Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Cumulative Amount | $ (41.4) | $ (35.0) | |
Investments in Affiliated Companies - Earnings and Dividends from Investment (Details) - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
|
| Investments in and Advances to Affiliates, Schedule of Investments [Abstract] | ||
| Dividends received from equity method investments | $ 23.0 | $ 0.0 |
| Earnings from equity method investments | $ 6.5 | $ 4.3 |
Other Current Liabilities (Details) - USD ($) $ in Millions |
Mar. 31, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Payables and Accruals [Abstract] | ||
| Accrued Salaries, Current | $ 118.7 | $ 284.4 |
| Estimated Litigation Liability, Current | 71.8 | 62.2 |
| Deferred Revenue, Current | 136.5 | 129.8 |
| Operating Lease, Liability, Current | 19.1 | 7.0 |
| Taxes Payable, Current | 13.1 | 104.5 |
| Accrued Liabilities, Current | 102.3 | 19.8 |
| Total other current liabilities | 461.5 | 607.6 |
| Accrued employee separation expenses | $ 4.6 | $ 10.7 |
Other Liabilities (Details) - USD ($) $ in Millions |
Mar. 31, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Other Liabilities Disclosure [Abstract] | ||
| Operating Lease, Liability, Noncurrent | $ 58.1 | $ 34.8 |
| Liability for Uncertainty in Income Taxes, Noncurrent | 40.6 | 39.9 |
| Deferred Revenue, Noncurrent | 11.4 | 13.5 |
| Other Noncurrent Other Liabilities | 38.7 | 28.2 |
| Total other liabilities | $ 148.8 | $ 116.5 |
Income Taxes (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
Sep. 30, 2025 |
Dec. 31, 2025 |
|
| Income Tax Examination [Line Items] | ||||
| Effective tax benefit rate | 6.50% | 21.20% | ||
| Unrecognized tax benefits | $ 45.3 | $ 44.3 | ||
| Unrecognized tax benefits that would impact effective tax rate | 34.4 | $ 33.8 | ||
| Unrecognized tax benefits, income tax penalties and interest expense | $ 22.8 | $ 21.6 | ||
| U.S. federal statutory rate | 21.00% | 21.00% | ||
Reportable Segments - Earnings from Equity Method Investments Included in Non-Operating Income and Expense (Details) - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
|
| Segment Reporting Information [Line Items] | ||
| Earnings from equity method investments | $ 6.5 | $ 4.3 |
| U.S. Markets | ||
| Segment Reporting Information [Line Items] | ||
| Earnings from equity method investments | 0.6 | 0.5 |
| International | ||
| Segment Reporting Information [Line Items] | ||
| Earnings from equity method investments | $ 6.0 | $ 3.8 |
Contingencies (Details) - USD ($) $ in Millions |
Mar. 31, 2026 |
Dec. 31, 2025 |
Mar. 31, 2025 |
Mar. 30, 2025 |
|---|---|---|---|---|
| Loss Contingencies [Line Items] | ||||
| Accrued legal and regulatory matters | $ 71.8 | $ 62.2 | ||
| CFPB Matter | ||||
| Loss Contingencies [Line Items] | ||||
| Loss Contingency Accrual | $ 0.0 | $ 56.0 |
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