EXPN-GB - F2H26 Results Mixed; FY27 Margin Guide Positive but Revenue Guide Light

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EXPN-GB - F2H26 Results Mixed; FY27 Margin Guide Positive but Revenue Guide Light

Business and Information Services

FLASH

FLASH: EXPERIAN PLC (EXPN-GB) May 20, 2026

EXPN-GB - F2H26 Results Mixed; FY27 Margin Guide Rating:

Positive but Revenue Guide Light Outperform

Price:

●EXPN reported F2H26 earnings earlier this morning, with results about in- £27.10

line with the Street (slightly below on revenue and benchmark EBIT, slightly Price Target:

£33 above on benchmark EPS). Guidance for FY27 organic revenue growth came in % Upside:

below the Street given wind downs on breach contracts in Consumer Services 21.8%

along with tougher to 2Q comps, though EBIT margin expansion guidance

Source: FactSet, Wolfe Research

was at the high-end of the company's medium-term guidance range. F2H26 Priced as of 05/19/26

Summary: Total revenue of $4.375bn compares to our $4.403bn and the

Street's $4.385bn. Benchmark EBIT of $1.252bn compares to our $1.266bn

and the Street's $1.257bn. Benchmark EPS of $0.94 compares to our $0.96 and

the Street's $0.93.

Scott Wurtzel

●FY27 Guidance: EXPN issued FY27 guidance, calling for organic revenue swurtzel@wolferesearch.com

growth of ~6-8% (vs. Street at 8.1%), inorganic revenue contribution of 1% (vs. (646) 582-9313

View EXPN-GB Model Street at 0.5%), and 1-2ppt tailwind from FX, implying reported revenue growth

guidance of 8-11% (vs. Street at 8.6%). The company expects benchmark Darrin Peller

EBIT margin expansion of ~50bps (vs. Street at ~70bps), and Benchmark OCF dpeller@wolferesearch.com (646) 582-9310

conversion of >90%. EXPN expects another year of DD EPS growth (vs. Street View Darrin’s Research

at 13.7%).

Griffen Drebing

gdrebing@wolferesearch.com

(646) 582-9314

●Geographic Results: North America revenue of $2.831bn compares to our