Credit reporting company TransUnion (NYSE: TRU) reported Q2 CY2026 results beating Wall Street’s revenue expectations, with sales up 14.9% year on year to $1.31 billion. On the other hand, next quarter’s revenue guidance of $1.30 billion was less impressive, coming in 0.6% below analysts’ estimates. Its non-GAAP profit of $1.23 per share was 6.9% above analysts’ consensus estimates.

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“TransUnion delivered another strong quarter of outperformance,” said Chris Cartwright, President and CEO.

Company Overview

One of the three major credit bureaus in the United States alongside Equifax and Experian, TransUnion (NYSE: TRU) is a global information and insights company that provides credit reports, fraud prevention tools, and data analytics to help businesses make decisions and consumers manage their financial health.

Revenue Growth

A company’s long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years.

With $4.90 billion in revenue over the past 12 months, TransUnion is one of the larger companies in the business services industry and benefits from a well-known brand that influences purchasing decisions.

As you can see below, TransUnion’s sales grew at an excellent 11.7% compounded annual growth rate over the last five years. This is an encouraging starting point for our analysis because it shows TransUnion’s demand was higher than many business services companies.

Long-term growth is the most important, but within business services, a half-decade historical view may miss new innovations or demand cycles. TransUnion’s annualized revenue growth of 10.8% over the last two years aligns with its five-year trend, suggesting its demand was predictably strong.

This quarter, TransUnion reported year-on-year revenue growth of 14.9%, and its $1.31 billion of revenue exceeded Wall Street’s estimates by 1.8%. Company management is currently guiding for a 11.2% year-on-year increase in sales next quarter.

Looking further ahead, sell-side analysts expect revenue to grow 9.8% over the next 12 months, similar to its two-year rate. Still, this projection is commendable and indicates the market is baking in success for its products and services.

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Adjusted Operating Margin

TransUnion has been a well-oiled machine over the last five years. It demonstrated elite profitability for a business services business, boasting an average adjusted operating margin of 29.2%.

Analyzing the trend in its profitability, TransUnion’s adjusted operating margin decreased by 3.7 percentage points over the last five years. This raises questions about the company’s expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability.

In Q2, TransUnion generated an adjusted operating margin profit margin of 22.7%, down 6.3 percentage points year on year. This contraction shows it was less efficient because its expenses grew faster than its revenue.

Earnings Per Share

Revenue trends explain a company’s historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth — for example, a company could inflate its sales through excessive spending on advertising and promotions.

TransUnion’s EPS grew at an unimpressive 5.6% compounded annual growth rate over the last five years, lower than its 11.7% annualized revenue growth. This tells us the company became less profitable on a per-share basis as it expanded.

Diving into the nuances of TransUnion’s earnings can give us a better understanding of its performance. As we mentioned earlier, TransUnion’s adjusted operating margin declined by 3.7 percentage points over the last five years. This was the most relevant factor (aside from the revenue impact) behind its lower earnings; interest expenses and taxes can also affect EPS but don’t tell us as much about a company’s fundamentals.

Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business.

For TransUnion, its two-year annual EPS growth of 12.5% was higher than its five-year trend. This acceleration made it one of the faster-growing business services companies in recent history.

In Q2, TransUnion reported adjusted EPS of $1.23, up from $1.08 in the same quarter last year. This print beat analysts’ estimates by 7%. Over the next 12 months, Wall Street expects TransUnion’s full-year EPS to grow 12% from $4.58 to $5.13.

Key Takeaways from TransUnion’s Q2 Results

It was good to see TransUnion beat analysts’ EPS expectations this quarter. We were also happy its revenue outperformed Wall Street’s estimates. On the other hand, its EPS guidance for next quarter missed and its revenue guidance for next quarter fell slightly short of Wall Street’s estimates. Overall, this was a weaker quarter. The stock remained flat at $76.96 immediately following the results.

Is TransUnion an attractive investment opportunity right now? We think that the latest quarter is only one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).