Experian Delivers Robust H1 Performance, Lifts FY26 Guidance

Experian plc (LON: EXPN) has announced a strong first-half performance for the period ended September 30, 2025, exceeding expectations and prompting an upward revision of its full-year guidance.

The global data and technology company's strategic execution, driven by AI-enhanced platforms and strengthened consumer relationships, fueled significant growth across key financial metrics.

Revenue from ongoing activities reached $4.058 billion, a 12% increase at constant exchange rates and 13% at actual exchange rates, compared to $3.603 billion in the prior year.

Organic revenue growth stood at an impressive 8%, demonstrating the underlying strength of Experian's core business operations.

Benchmark EBIT from ongoing activities rose by 14% to $1.149 billion, contributing to a 50 basis point expansion in Benchmark EBIT margin. Benchmark earnings per share (EPS) increased by 12% at actual exchange rates to USc 85.0.

The company's strong cash flow generation is also noteworthy. Benchmark operating cash flow increased by 25% year-over-year, resulting in a cash conversion rate of 77%, up from 71% in the prior period. Net debt to Benchmark EBITDA stands at a comfortable 1.8x.

This financial strength allows Experian to continue investing in strategic initiatives and return value to shareholders through dividends. The first interim dividend was increased by 10% to USc 21.25 per ordinary share.

Statutory profit before tax surged 36% to $975 million, driven by strong operating performance and non-cash foreign exchange gains related to Brazilian intercompany funding. Statutory Basic EPS also increased by 36%.

Driver Breakdown:

• Consumer Services Expansion: Organic revenue growth of 9% driven by an expanded free membership base of over 208 million users.
• B2B Strength: 8% organic revenue growth in the B2B segment, fueled by data, analytics, and mortgage services.
• Geographic Diversity: All regions contributed to organic revenue growth, with North America leading at 10%.

CEO Brian Cassin commented, “We delivered strong growth in revenue, earnings and cash flow in H1 as we continued to build momentum in our business.”

“For FY26, we now expect total revenue growth of 11%, with organic revenue growth of 8%, at the top end of our prior guidance range, with margin accretion in the range of +30 to +50 basis points, all at constant exchange rates and on an ongoing basis.”