Equifax

Pricing power is solid in verification and several USIS use cases because of differentiated data and integration costs for customers; Workforce Solutions margins and growth underscore willingness to pay for TWN’s speed and coverage.

In Q2 2025, Workforce Solutions posted a 46.4 percent operating margin and 53.3 percent adjusted EBITDA margin, reflecting strong unit economics.

That said, mortgage credit‑score rails are seeing pressure: FICO announced a direct licensing model to resellers, and Equifax countered by discounting VantageScore 4.0 (e.g., 4.50 dollars per score) and offering promotional free access for customers buying FICO scores in 2025–2026, signaling reduced near‑term pricing power in that niche.

Regulatory removal of medical debt further narrows some fee opportunities. Overall, pricing remains favorable where Equifax owns unique data (TWN), but more contested in mortgage scores.