TransUnion Q2 FY26 Results — Earnings Call Analysis
Published 29 May 2026 | Professional Services | Market Cap: ₹13.8K Cr
- Trusted Call Solutions (TCS) expected to grow from $27M in 2021 to $200M by end of 2026, and $300M by 2028 (p.13). - Full year 2026 adjusted diluted EPS is expected between $4.68 and $4.75, up 9% to 11%. - Adjusted diluted earnings per share expected to grow low to mid double digits over the medium term. - Adjusted EBITDA is projected to be $1.796 billion to $1.816 billion in 2026, up 9% to 10%. - Underlying margins anticipated to expand by 50 to 70 basis points in 2026. - Adjusted diluted EPS growth anchored in repeatable earnings model and momentum, not dependent on U.S.
From TransUnion's Q2 FY26 earnings-call transcript · updated 29 May 2026.
Price
₹71.66
Market Cap
₹13.8K Cr
P/E Ratio
19.5
Revenue Rank
Margin Rank
How does TransUnion rank in Professional Services?
Compare TransUnion against every Professional Services company this quarter on revenue, margins and earnings-call signals.
📊 Revenue & Sales Performance
Rank 3- →Trusted Call Solutions (TCS) expected to grow from $27M in 2021 to $200M by end of 2026, and $300M by 2028 (p.13).
- →Overall company organic constant currency revenue growth guidance of 8%-9% for 2026, or 5%-6% excluding FICO mortgage royalties (p.5, p.4).
- →Mortgage revenue growth expected over 30% or 10% plus excluding FICO in 2026 despite mid-single-digit decline in inquiries (p.5).
- →Second quarter 2026 revenue guidance up 12%-13%, including acquisitions and stable volume assumptions (p.4).
- →Continued stable or improving volumes anticipated; modest declines absorbed within guidance, with upside if interest rates decline further (p.12).
- →AI adoption and innovation expected to accelerate demand for data and drive revenue growth across financial services (p.3).
- →Emerging markets expected to recover gradually in 2026, supporting mid-single-digit growth (p.4).
- →Conservative guidance maintained amid geopolitical uncertainties but positioned to outperform at high end of guidance (p.2, p.12).
📈 Profitability & Margins
Rank 2- →Full year 2026 adjusted diluted EPS is expected between $4.68 and $4.75, up 9% to 11%.
- →Adjusted diluted earnings per share expected to grow low to mid double digits over the medium term.
- →Adjusted EBITDA is projected to be $1.796 billion to $1.816 billion in 2026, up 9% to 10%.
- →Underlying margins anticipated to expand by 50 to 70 basis points in 2026.
- →Adjusted diluted EPS growth anchored in repeatable earnings model and momentum, not dependent on U.S. mortgage or other market recoveries.
- →Full year 2026 revenue guidance between $5.1 billion and $5.135 billion, up 11% to 12%, with organic constant currency growth at 8% to 9%.
- →Second quarter 2026 revenue guidance at $1.271 billion to $1.283 billion, up 12% to 13%, with organic constant currency growth of 8% to 9%.
- →Contingency maintained in guidance due to macro uncertainties (e.g., geopolitical risks).
🏗️ Capital Expenditure Plans
Yes- →Capital expenditures (capex) are expected to be approximately 6% of revenue in 2026.
- →The company plans to incur one-time integration expenses related to the acquisitions of TransUnion to Mexico and the Mobile division of [Mural] Networks in 2026, which are not added back to adjusted EBITDA.
- →The acquisition of Mobile division of Real Networks aims to enhance trusted call solutions and address fraud in SMS/text channels, with integration and productization expected to take about one year.
- →Ongoing investments focus on scaling the business on a common technology and operating platform and deploying AI to drive productivity and innovation.
- →The transformation and AI deployment are part of a medium-term strategic framework for sustainable high single-digit organic revenue growth and margin expansion.
💰 Fundraising & Capital Structure
No information- →No explicit mention of new fundraising through debt or equity in the current period.
- →The company ended Q1 with $5.6 billion of debt and $733 million cash.
- →Funded $660 million purchase for TransUnion New Mexico with $520 million drawn from credit revolver and cash.
- →Leverage ratio modestly increased to 2.8x; plan to return to long-term target of under 2.5x.
- →Capital allocation prioritizes debt prepayment and shareholder returns (e.g., $25 million share repurchases year-to-date, expected to accelerate).
- →No announcement of new debt or equity offerings; focus is on balanced capital allocation.
- →Medium-term strategy includes optimizing balance sheet and returning capital to shareholders, rather than raising new capital at this time.
📋 Order Book & Pipeline
Yes- →The company reported strong bookings and retention rates at the start of 2026 on an organic constant currency basis versus the prior year.
- →Financial Services revenue grew 24% (14% excluding FICO mortgage royalties), driven by products like TruIQ, alternative data, and trusted call solutions.
- →Organic constant currency revenue growth guidance for 2026 is maintained at 8% to 9%, with a high single-digit organic growth rate expected.
- →Second-quarter revenue guidance is $1.271 billion to $1.283 billion, up 12% to 13%, with acquisitions adding 4% growth.
- →The company expects to perform at or above the high end of its guidance if current trends continue.
- →There is a reasonable level of contingency built into the guidance to absorb potential market softening.
- →New product launches and enhancements are expected to drive future bookings and revenue growth.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
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Frequently Asked Questions
What were TransUnion Q2 FY26 results?
- Trusted Call Solutions (TCS) expected to grow from $27M in 2021 to $200M by end of 2026, and $300M by 2028 (p.13). - Full year 2026 adjusted diluted EPS is expected between $4.68 and $4.75, up 9% to 11%. - Adjusted diluted earnings per share expected to grow low to mid double digits over the medium term. - Adjusted EBITDA is projected to be $1.796 billion to $1.816 billion in 2026, up 9% to 10%. - Underlying margins anticipated to expand by 50 to 70 basis points in 2026. - Adjusted diluted EPS growth anchored in repeatable earnings model and momentum, not dependent on U.S.
What is TransUnion share price analysis?
TransUnion currently shows a below-average growth signal. The stock trades at a P/E of 19.5 with a market cap of $13,816. Investors should review the full earnings analysis for detailed insights.
Is TransUnion planning capital expenditure?
- Capital expenditures (capex) are expected to be approximately 6% of revenue in 2026.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.