TransUnion

transunion.com

What Do They Do?

Provides data and analytics that help businesses assess credit risk, market to customers and detect fraud, and gives consumers tools to manage finances and protect their identities.

How Do They Make Money?

Customers buy access to data, transaction processing, software and consumer services during a contract, generally priced by actual transaction volume or a guaranteed minimum. Batch data sets and some professional services are sold on delivery or as work progresses.

revenue

Segment	Share	Revenue	How money arrives
U.S. Markets Mix	78% FY2022: 79%		Mix
International Mix	22% FY2022: 21%		Mix

Who Are Their Customers?

Lenders, insurers and businesses across retail, telecom and other industries buy data and decision tools through TransUnion’s sales teams and resellers. Consumers use financial-management and identity-protection services directly online and through partners.

Do Revenues Turn Into Profits?

Yes. It kept 10 cents of every revenue dollar as net income in FY2025 and turned 14 cents into free cash flow.

Operating income, FY2025

19% of revenue

▲ +29% vs FY2024 ($666.7M, 16%)

Net income, FY2025

10% of revenue

▲ +60% vs FY2024 ($284.4M, 7%)

Free cash flow, FY2025

14% of revenue

▲ +28% vs FY2024 ($516.7M, 12%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Sep 30, 2026

Revenue: ▲ +12%; vs $1.2B in Q3 FY2025
Net income: ▲ +62%; vs $96.6M in Q3 FY2025

U.S. Markets share of revenue vs 78.1% in Q3 FY2025

Mar 10, 2026 Acquired majority ownership of Trans Union de México The acquisition closed on March 2, 2026; TransUnion plans to add it to full-year guidance with first-quarter results.

Growing. Revenue grew 55% in 4 years, from $3B in FY2021 to $4.6B in FY2025, about 12% a year.

Consumer product tiers The older report described consumers using credit and identity tools; the latest adds a direct-to-consumer offer with free and paid tiers.

Revenue over time

U.S. Markets International Consumer Interactive

$5B$2.5B$0

FY2021 FY2022 FY2023 FY2024 FY2025

Comments