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Experian's quarterly revenue rises by 5%

Experian is best known for running consumer credit checks for banks, landlords and retailers
Experian is best known for running consumer credit checks for banks, landlords and retailers

Experian, the world's biggest credit data company, has reported a 5% rise in third-quarter organic revenue from ongoing activities at constant exchange rates.

The company said it expects full-year organic revenue growth in the mid-single digits. 

Experian is best known for running consumer credit checks for banks, landlords and retailers.

It said organic revenue from ongoing activities for the quarter ended December 31 rose 5% in North America and was unchanged in UK and Ireland at constant exchange rates. 

The company said it expects its benchmark tax rate for the year ending March 2018 to be unchanged from its previous guidance of between 26-27% after the latest US tax cut. 

The company said that growth in its business-to-business operations in the UK and Ireland was offset by declines in consumer services. 

However in the US, growth was driven by its business-to-business operations, as it signed several major financial institutions to the service during the quarter. 

Experian's business-to-business activities include credit services, decision analytics and marketing services. 

North America accounts for 57% of Experian's revenue. 

Latin America, Experian's third-biggest market by revenue, saw revenue growth of 7%. 

Experian, along with two other major credit reporting agencies, Equifax and TransUnion, generate credit reports and scores based on consumers' borrowing and payment habits, including bankruptcies and court judgements.

Experian reported a jump in first-half profit as it reported some initial gains from a data breach at Equifax and broader growth across its operations.