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World's largest credit bureau, providing consumer/business credit reports, fraud-prevention and marketing-data services.
World's largest credit bureau, providing consumer/business credit reports, fraud-prevention and marketing-data services.
Charges lenders and other businesses for each credit report or score and for subscriptions to its data and analytics, so revenue rises with lending activity and with the number of checks per application. North America is its biggest region, and it also sells credit monitoring to consumers directly. It was demerged from the retailer GUS in 2006.
Moat: wide (data, scale, network effects). Decades of proprietary credit-file data and lender network effects make it extremely hard to replicate a rival bureau.
Headquarters: Dublin, Ireland · Founded: 1996 · Employees: 25,200
Size Experian (EXPN.L) is a United Kingdom Industrials company (Miscellaneous Commercial Services) with a market value of $36.1B, the 27th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £3,064 on 6 Nov 2026.
Performance Over six months the shares gained 15.7%, against +12.2% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 8th highest of 18 in its peer set.
Growth Revenue grew 6.8% over the last twelve months (peer median +4.0%); the operating margin is 25.3% (peer median 15.6%).
Valuation It trades at 20.5× forward earnings against a peer median of 22.9× (7th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.0 points above its cost of capital (10.6% WACC).
Credit Experian has 3 bonds outstanding ($1.84B), rated A- by the agencies and trading like A at a weighted spread of 102 bp.
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £6.30B | £6.30B | £5.90B | £5.65B | £5.50B |
| Revenue growth | — | +7% | +4% | +3% | — |
| Gross profit | £1.60B | £2.43B | £2.27B | £2.16B | £2.11B |
| EBITDA | £2.25B | £2.26B | £2.06B | £1.95B | £1.89B |
| Net income | £1.12B | £1.12B | £914M | £955M | £640M |
| Free cash flow | £1.64B | £1.63B | £1.53B | £1.36B | £1.37B |
| Capital expenditure | £542M | £542M | £510M | £510M | £521M |
| Total debt | n/a | £4.22B | £3.89B | £3.38B | £3.32B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Experian EXPN.L | $36.1B | +16% | +7% | 25% | 20.5× | 14.6% |
| Equifax EFX | $22.2B | +8% | +11% | 19% | 20.9× | 16.9% |
| TransUnion TRU | $15.5B | +13% | +13% | 15% | 15.9× | 20.3% |
| Fair Isaac FICO | $15.2B | -37% | +24% | 52% | 15.7× | 7.3% |
| Moody's MCO | $87.2B | +12% | +9% | 46% | 28.1× | n/a |
| S&P Global SPGI | $136B | +18% | +6% | 46% | 24.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EXPN.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +19.0% | +10.9% | 2nd highest of 19 |
| 6-month return | +15.7% | +12.2% | 8th highest of 18 |
| Distance from 52-week high | -14.1% | -8.8% | 8th lowest of 19 |
| Revenue growth (TTM) | +6.8% | +4.0% | 5th highest of 19 |
| Operating margin | 25.3% | 15.6% | 5th highest of 19 |
| Forward P/E | 20.5× | 22.9× | 7th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 14.6% | 7.9% | 5th most demanding of 18 |
| Growth delivered (Del g) | +8.9% | +7.0% | 7th highest of 18 |
| Hurdle (Req g minus delivered) | +5.7 pp | -1.3 pp | 6th most demanding of 18 |
| ROIC minus cost of capital | +4.0 pp | +9.2 pp | 5th lowest of 18 |
| EV / EBITDA | 13.7× | 13.0× | 9th most expensive of 18 |
| Net debt / EBITDA | 1.8× | 1.7× | 9th most indebted of 18 |
| Bond spread | 102 bp | 90 bp | 4th widest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Experian EXPN.L | United Kingdom | $36.1B | +16% | +7% | 25% | 20.5× | 14.6% | +8.9% |
| Universal Music UMG.AS | Netherlands | $35.3B | -15% | +5% | 16% | 16.9× | 7.1% | +11.0% |
| Adyen ADYEN.AS | Netherlands | $32.0B | 0% | +17% | 42% | 23.7× | 18.9% | -6.0% |
| Vylor VYLR | United States | $46.8B | n/a | +3% | 15% | 25.6× | 26.2% | +2.9% |
| Sgs SGSN.SW | Switzerland | $24.8B | +21% | +5% | 15% | 24.5× | 3.1% | +4.4% |
| Secom 9735.T | Japan | $18.8B | +16% | +4% | 13% | 22.7× | -0.3% | +3.9% |
| Relx REL.L | United Kingdom | $70.4B | +23% | +2% | 32% | 21.3× | 1.8% | +6.2% |
| Rollins ROL | United States | $18.1B | -29% | +8% | 19% | 31.4× | 11.2% | +11.7% |
| Eurofins Scientific ERF.PA | France | $17.5B | +49% | +3% | 12% | 23.0× | 13.3% | +6.1% |
| Computershare CPU.AX | Australia | $17.2B | +44% | 0% | 30% | 19.1× | -2.6% | +9.2% |
| UL Solutions ULS | United States | $15.9B | -22% | +6% | 19% | 31.2× | 9.1% | +5.8% |
| Bureau Veritas BVI.PA | France | $14.9B | +13% | +2% | 15% | 20.2× | 7.9% | +7.0% |
| Cintas CTAS | United States | $88.3B | +34% | +10% | 24% | 38.9× | 18.2% | +9.6% |
| Intertek ITRK.L | United Kingdom | $12.3B | +12% | +4% | 18% | 22.3× | 14.8% | +4.6% |
| CETC Lantian Technology 688818.SS | China | $12.1B | -33% | +5% | 9% | 214.2× | n/a | n/a |
| Rentokil Initial RTO.L | United Kingdom | $11.9B | -26% | 0% | 14% | 16.9× | 8.2% | +13.4% |
| Baycurrent 6532.T | Japan | $11.2B | +132% | +32% | 33% | 35.6× | 6.4% | +28.2% |
| Booz Allen Hamilton BAH | United States | $10.1B | +11% | -6% | 9% | 13.3× | -7.0% | +7.4% |
| Securitas SECU-B.ST | Sweden | $9.22B | +4% | -5% | 7% | 12.3× | -4.9% | +7.5% |
Experian has 3 bonds outstanding with $1.84B face value. The agencies rate it A-; its bonds trade like A. Weighted yield 4.12%, a spread of 102 bp over government bonds.