This acquisition would expand Equifax into the fast-growth Mexico market, the second-largest economy in Latin America, and offer Círculo de Crédito customers access to industry-leading Equifax cloud-native capabilities, patented EFX.AI technology, and award-winning identity protection and fraud prevention offerings for the development of solutions designed to help customers grow and expand financial inclusion. Círculo de Crédito has delivered very strong financial results with revenue for the 12 months ended June 30, 2026 estimated at $134 million, up 31%, with $62 million of Adjusted EBITDA2. Círculo de Crédito is expected to continue to deliver strong high double-digit revenue growth in 2026, and is expected to be accretive to Equifax Adjusted EPS in the first full year of ownership. An investor call and webcast on the agreement will be held on July 7 at 8:30 a.m. Eastern Time (ET).

"The acquisition of Círculo de Crédito will expand Equifax's presence in the fast-growing Mexico market and marks an energizing new global chapter for both companies. The acquisition is aligned with our strategy to reinvest our strong free cash flow in accretive and strategic acquisitions to strengthen Equifax. Círculo de Crédito will be our 17th bolt-on acquisition in the past six years, totaling nearly $5 billion. Our strong performance and balance sheet allow Equifax to reinvest in growth, return cash to shareholders and acquire accretive and strategic acquisitions," said Mark W. Begor, CEO of Equifax. "Mexico is one of the fastest-growing credit markets globally. More than 25% of the Mexican population is without access to formal financial products, and nearly 44% of the population does not have a bank account.3 Equifax and Círculo de Crédito have a shared commitment to helping more consumers live their financial best, and together we will continue to offer deeper alternative data and unique insights that can help our customers deliver unique solutions to expand their consumer credit offerings."

Círculo de Crédito is the only Mexican credit bureau currently operating both consumer and commercial credit bureau services – with more than 1,700 bank, retail, fintech, small business lending, micro-finance, and telecommunications customers; and 2 billion tradelines covering 80 million validated identities. The company is a leader in alternative data, or information not included in traditional credit reports, including gig-economy transactions and utility and telecommunications payment history. This alternative data can responsibly expand access to credit and support a more inclusive economy, critical in a country where more than 33 million people4 are engaged in "informal" employment such as unregistered microbusinesses or gig employment.

"We are energized to join the Equifax team and have access to their industry-leading cloud-native technology, platforms, and products to help our customers grow and expand our position in Mexico. Consumer credit growth in Mexico is driven by inclusion and digitization, and Círculo de Crédito has been a first-mover in the market with the market's broadest data set and innovative solutions. We provide strategic data, decision-making, and digital solutions that empower lenders to deliver innovative financial services products across Mexico and expand access to credit for Mexican citizens," said Juan Manuel Ruiz Palmieri, CEO of Círculo de Crédito. "We are excited to integrate cloud-native Equifax data, analytics, and global solutions to help our customers grow."

Under the terms of the agreement, Equifax will acquire 100% of Círculo de Crédito equity from its existing shareholders, including: Banca Afirme, S.A. Institución de Banca Múltiple Afirme Grupo Financiero; Coppel, S.A. de C.V.; Grupo Elektra, S.A.B. de C.V.; and a group of private investors. Upon completion of the acquisition, Juan Manuel Ruiz Palmieri and the Círculo de Crédito team will continue to lead the company, which will join the Equifax International business team. The transaction is subject to customary closing conditions and regulatory review and approval, and is expected to close in the fourth quarter of 2026.