Experian plc 1Q27 update reports 7% organic growth and FY expectations unchanged

Research evidence excerpt

Experian plc 1Q27 update reports 7% organic growth and FY expectations unchanged

C A Z E N O V E Europe Equity Research

16 July 2026

Experian plc Overweight

EXPN.L, EXPN LN

1Q27 update reports 7% organic growth and FY Price (15 Jul 26):2,709p

expectations unchanged Price Target (Dec-27):4,090p

Our Take: Experian printed 7% organic growth for 1Q27, in-line with JPMe 6.9% European Business Services

ACand in the middle of the 6-8% guidance range for FY27E. North America was in- Jane L Sparrow

line with the Group average at 7%, driven by a strong performance in B2B (+11%), (44-20) 3493-7101

partially offset by a 2% decline in Consumer which was impacted by the continued jane.sparrow@jpmorgan.com

unwind of two historical data breach contracts (as previously flagged); the J.P. Morgan Securities plc

underlying NA Consumer business delivered LSD growth excluding these two Victoria K Chang

contracts with underlying trends by vertical as they were in 4Q. Latin America (44-20) 7134-5439

victoria.kx.chang@jpmorgan.com

delivered 12% organic growth with the improving trends seen in 4Q25 in B2B J.P. Morgan Securities plc

continuing into 1Q26 (+9%) and Consumer maintaining strong momentum

Ankit Khandelwal

(+22%). Management reports FY expectations as unchanged. We update our (91-22) 6157-5167

model for 1Q divisional growth trends and refresh for FX, but overall our FY27 and ankit.khandelwal@jpmchase.com

FY28 EPS forecasts are broadly unchanged. Call at 9am UKT. J.P. Morgan India Private Limited

• Noteworthy Areas: (1) 1Q27 organic growth of 7% is in the middle of the

6-8% guidance for FY27, and in-line with management commentary at the 4Q Style Exposure

results in May. M&A contributed 1% with FX +2% resulting in total 1Q

revenue growth of 10%.