Equifax Inc. (EFX) Presents at Goldman Sachs 2025 U.S. Financial Services Conference Transcript
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SA Transcripts157.27K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Equifax Inc. (EFX) Goldman Sachs 2025 U.S.
Financial Services Conference December 9, 2025 10:00 AM EST Company Participants Mark Begor - CEO & DirectorJohn Gamble - Executive VP, CFO & COO Conference Call Participants Keen Fai Tong - Goldman Sachs Group, Inc., Research Division Presentation Keen Fai TongGoldman Sachs Group, Inc., Research Division All right. Good morning, and welcome. I'm very pleased to be joined by John Gamble, CFO; and Mark Begor, CEO of Equifax. Very pleased to have you both with us today. Mark BegorCEO & Director Thank you, George. Great to be here. Question-and-Answer Session Keen Fai TongGoldman Sachs Group, Inc., Research Division Yes. Okay. So to begin, if you look at the broader U.S. consumer credit environment, it appears relatively stable. You're seeing some modest growth in lending volumes. Given these conditions, how would you overall describe the health of the U.S. consumer from a credit perspective? And are there any emerging risks or shifts in consumer credit quality that you're watching? Mark BegorCEO & Director Yes. I think no change from third quarter when we had our earnings discussion a few weeks ago. There's a, I would call it, a bifurcation of consumer kind of credit strength Broadly, the fact that consumers are working, that's a good thing. As you know, the low unemployment and high employment is a real positive. I've been around financial services for a long time. And that's the indicator I watch very closely, and I think our customers do, too. When you see unemployment changing, that's one you want to watch quite quickly. You've written about for quite some time, and we've talked about for quite some time, the impact of inflation and lower wage growth on the lower-end consumer has clearly been more challenging. So you've Recommended For You