Equifax's Workforce Solutions Segment Is Equifax's Largest Profit Driver

Along with TransUnion and Experian, Equifax is one of the big three US credit bureaus. Given the fixed costs inherent in a data-intensive business, Equifax has been able to enjoy strong operating leverage from incremental revenue. As the U.S. credit bureau market is relatively mature, the company has been adding new capabilities and expanding its geographic footprint, both organically and through acquisitions. As an example of its bolt-on acquisition strategy, Equifax announced in January 2021 that it will acquire e-commerce fraud prevention platform Kount for $640 million. Outside the US, Equifax has international operations in both developed and developing countries. Equifax's acquisition of Boa Vista in 2023 gave it entry into Brazil.