TRU NYSE Russell 1000 Earnings call
TransUnion (TRU) · Q2 2026 results and valuation
Share price: $81.96 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 28 Jul 2026 and 28 Apr 2026
Net income down 63.9% on the previous quarter. Management sounded cautious, though noticeably more positive answering analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
−63.9%
Net income vs Q1 2026
Outlook given
Net income 143.4M vs 397.1M
Revenue +5.1%
Against the same quarter last year (Q2 2025) it is +30.8%, so the move on last quarter looks seasonal or timing-related rather than a trend.
2 · How management spoke
Cautious
Among the least upbeat of all company calls
Answers to analysts: very upbeat, and more positive than the script.
Similar to last call.
3 · What stood out
Figure
The company retains ample capacity for additional repurchases in the second half of the year under its $1 billion authorization.
Valuation
Is TransUnion undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 7.2% growth a year (3-year revenue growth), the model's fair value is $41.04 a share — the stock trades 100% above it. Today's price assumes 13.8% growth a year.
Current price
$81.96
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+13.8% for 10 yrs
Fair value / share
$41.04
Buy below
$30.78
Price vs fair value
Overvalued 100%
Price vs buy-below price
Overvalued 166%
Management expects
Revenue +8.5% · from the Q2 2026 report: “New guidance calls for 8% to 9% revenue growth, 10% to 11% adjusted EBITDA growth, and 11% to 12% adjusted diluted earnings per share growth.”
A guidance figure for revenue, usually one year ahead, not a 10-year free-cash-flow rate.
Read between the lines
-
Guidance
TransUnion now expects 8% to 9% organic constant currency revenue growth, 10% to 11% adjusted EBITDA growth and 11% to 12% adjusted diluted earnings per share growth.
-
Guidance
Adjusted EBITDA guidance is $455 million to $463 million, up 7% to 9%, implying a margin of 35.2% to 35.4%.
Source quote
“We are guiding adjusted EBITDA to $455 million to $463 million, up 7% to 9% and implying a margin of 35.2% to 35.4%.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Management was more positive answering analysts than in its script — usually a sign it was comfortable with the details it was asked about.
Sentences that drove the tone
“So together, OneTru in our global solutions strategy is increasing our innovation, expanding addressable opportunities and supporting scalable revenue growth.”
“Growth accelerated to 9% and led by our eighth straight quarter of double-digit growth in insurance as well as trusted call solution strength across our verticals.”
“In India, strong new business wins and a gradually improving credit volumes drove a return to growth.”
Full figures
USD · ROIC.AI fundamentals (NYSE:TRU, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 1.31B | 1.25B | +5.1% | 1.14B | +14.9% |
| Gross profit | 765.0M | — | — | ||
| Operating income | 258.0M | 244.8M | +5.4% | 192.2M | +34.2% |
| Net income | 143.4M | 397.1M | −63.9% | 109.6M | +30.8% |
| EPS | 0.75 | 2.04 | −63.4% | 0.56 | +33.2% |
| P/E today 17.7 | — | 19.2 | — | 44.2 | — |
Topics
Most discussed now
- In essence, what TransUnion has done with guidance for mortgage is it has maintained its full year guide that it came into...
- New TransUnion is making greater inroads across the publishing ecosystem and being that kind of neutral measurement provider that the industry…
- New Once TransUnion completes that, which I would expect roughly to complete within the next 2 years, it will have 95% of...
- Adjusted EBITDA margin was 34.8%, slightly better than guidance and down 90 basis points year-over-year.
- In core nonmortgage financial services, revenue grew 8% and with healthy growth across lending types.
Faded since Q1 2026
- Fading Grew high single digits and Africa grew 10%, and India declined mid-single digit, slightly better than TransUnion would expected, and it...
- Fading The industry is already digesting a good degree of change, whether it's the early assessment program, and most recently, score...
- Fading It's an economy that's had a variety of macroeconomics and also regulatory shock in recent years, some of which were...
- Fading Emerging verticals had another healthy quarter growing more than 6% led by insurance and public sector.
Latest announcements
Official filings, newest first.
- Director or officer change; Regulation FD disclosure · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K
- Shareholder vote results · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Material agreement; Results of operations; New financial obligation; Regulation FD disclosure · SEC 8-K
- Director or officer change · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K