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Equifax Inc  (EFX)
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Equifax Inc's

Competitiveness


 

EFX Sales vs. its Competitors Q3 2021



Comparing the results to its competitors, Equifax Inc reported Total Revenue increase in the 3 quarter 2021 by 14.47 % year on year.
The revenue growth was below Equifax Inc's competitors average revenue growth of 15.73 %, recorded in the same quarter.

List of EFX Competitors

With net margin of 16.89 % company achieved higher profitability than its competitors.

More on EFX Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Equifax Inc Net Income in 3 quarter 2021 declined year on year by -8.18 %, slower than the average decrease reported by company's competitors of -27.41 %.

<<  More on EFX Income Comparisons


Equifax Inc's Comment on Competitors and Industry Peers


The market for our products and services is highly competitive and is subject to constant change. Our competitors vary widely in size and the nature of the products and services they offer. Sources of competition are numerous and include the following:

Competition for our consumer information solutions and personal solutions products varies by both application and industry, but generally includes two global consumer credit reporting companies, Experian Group and TransUnion LLC, both of which offer a product suite similar to our credit reporting solutions, and LifeLock, a national provider of personal identity theft protection products, as well as emerging competitors offering free credit scores. There are also a large number of competitors who offer competing products in specialized areas (such as fraud prevention, risk management and application processing and decisioning solutions) and software companies offering credit modeling services or analytical tools. We believe that our products offer our clients an advantage over those of our competitors because of the depth and breadth of our consumer information files, which we believe to be superior in terms of accuracy, coverage and availability. Other differentiators include our decisioning technology and the features and functionality of our analytical services. Our competitive strategy is to emphasize improved decision-making and product quality while remaining competitive on price. Our marketing services products also compete with the foregoing companies and others who offer demographic information products, including Acxiom Corporation, Harte-Hanks, Inc. and infoGROUP, Inc. We also compete with Fair Isaac Corporation with respect to certain of our analytical tools.

Competition for our commercial solutions products primarily includes Experian, The Dun & Bradstreet Corporation and Cortera, Inc., and providers of these services in the international markets we serve. We believe our access to and knowledge of U.S. small business loan information from financial institutions combined with our consumer credit information in the case of small business owners enables more efficient and effective decision-making for the small business segment of that market.

Competition for our employment and income verification services includes large employers who serve their own needs through in-house systems to manage verification as well as regional online verification companies, such as Verify Jobs and First Advantage, who offer verification services along with other human resources and tax services. Competition for Employer Services includes payroll processors such as Automatic Data Processing, Inc., or ADP, Paychex, Inc. and Ceridian Corporation. Competitors of our Tax Management Services include in-house management of this function primarily by large employers, ADP, and a number of smaller regional firms that offer tax management services (including Barnett Associates, Thomas & Thorngren, and UC Advantage).

While we believe that none of our competitors offers the same mix of products and services as we do, certain competitors may have a larger share of particular geographic or product markets or operate in geographic areas where we do not currently have a presence.

We assess the principal competitive factors affecting our markets to include: product attributes such as quality, depth, coverage, adaptability, scalability, interoperability, functionality and ease of use; product price; technical performance; access to unique proprietary databases; availability in application service provider, or ASP, format; quickness of response, flexibility and client services and support; effectiveness of sales and marketing efforts; existing market penetration; new product innovation; and our reputation as a trusted steward of information.



  

Overall company Market Share Q3 2021

Despite revenue growth of 14.47 % in Overall company, Equifax Inc lost market share within this segment.





<<  More on EFX Market Share.
 

*Market share calculated with total revenue.


EFX's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Equifax Inc 4,789 34,356 716 7,500
Intersections Inc 158 89 -10 362
Dun and Bradstreet Holdings Inc 2,035 7,781 -25 4,900
Transunion 3,025 21,479 486 4,200
Aon Plc 12,090 66,292 969 69,000
Convergys Corp. 2,739 2,397 113 0
H and r Block Inc 1,278 4,464 -517 2,200
Intuit Inc 10,317 184,734 2,092 8,000
Marsh and Mclennan Companies Inc 19,171 85,368 2,746 57,000
Paychex Inc 4,208 44,425 1,220 13,000
Automatic Data Processing Inc 15,367 97,313 2,697 55,000
Crawford and Co 1,102 250 38 8,941
Corvel Corporation 597 3,366 59 3,508
Amerisafe Inc 326 1,057 91 449
Employers Holdings Inc 694 1,124 129 716
Benefitfocus Inc 264 339 -32 1,450
Paycom Software Inc 991 25,478 172 2,548
Paylocity Holding Corporation 682 14,482 89 2,115
Blucora Inc 862 840 -197 487
Lifelock, Inc. 502 0 58 0
Fair Isaac Corp 1,317 9,859 392 0
Solera Holdings, Inc 307 0 -74 0
Verisk Analytics Inc 2,946 36,760 701 0
Ims Health Holdings, Inc. 0 0 0 0
Aci Worldwide Inc 1,291 3,595 85 3,979
Cyberloq Technologies Inc 0 11 -1 0
Debt Resolve Inc 7 0 1 2
Bottomline Technologies Inc 483 1,990 -22 1,600
SUBTOTAL 87,547 647,850 11,975 246,957


       
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