TRU · 10-Q · 2026Q1 · Full report
Mergers and Acquisitions Adjustments
TransUnion · 2026-04-28 · Importance 96 · Surprise 100
Adjustments for mergers and acquisitions, divestitures and business optimization totaled $(232.3) million in Q1 2026 versus $17.9 million in Q1 2025, driven largely by fair value and impairment adjustments including the gain on the Trans Union de Mexico acquisition. The company breaks this category into transaction and integration costs ($8.5 million) and fair value/impairment adjustments (negative $240.9 million) for Q1 2026. These adjustments materially affected the transition from GAAP EBITDA to Adjusted EBITDA and contributed to the 'not meaningful' change in the M&A line. The filing provides a reconciliation showing these items netted as a $232.3 million reduction to EBITDA adjustments in Q1 2026.
Key facts
- Mergers and acquisitions, divestitures and business optimization adjustments totaled $(232.3) million for the three months ended March 31, 2026 compared with $17.9 million for the prior-year period.
- Fair value and impairment adjustments included $15.4 million of income for the three months ended March 31, 2026 compared with $(12.6) million for the prior-year period.
- The mergers and acquisitions, divestitures and business optimization amount of $(232.3) million for the three months ended March 31, 2026 consisted of $8.5 million of transaction and integration costs and $(240.9) million of fair value and impairment adjustments.
- Acquisition fees increased by $3.3 million to $(8.5) million for the three months ended March 31, 2026 compared with $(5.3) million for the prior-year period.
- Mergers and acquisitions, divestitures and business optimization adjustments were $(232.3) million for the three months ended March 31, 2026
- Mergers and acquisitions fair value and impairment adjustments were $(240.9) million for the three months ended March 31, 2026
- Net other adjustments were $0.7 million for the three months ended March 31, 2026 compared with $(56.4) million for the three months ended March 31, 2025.
- Total adjustments before income tax items were $(116.7) million for the three months ended March 31, 2026
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -19.3% | Mergers and acquisitions fair value and impairment adjustments were $(240.9) million for the three months ended March 31, 2026 |
| operating_income | negative | realized | -19.3% | The mergers and acquisitions, divestitures and business optimization amount of $(232.3) million for the three months ended March 31, 2026… |
| operating_income | negative | realized | -19.0% | Trailing twelve months mergers and acquisitions fair value and impairment adjustments included $(236.7) million for the period ended March… |
| net_income | negative | realized | -18.6% | Mergers and acquisitions, divestitures and business optimization adjustments were $(232.3) million for the three months ended March 31, 2026 |
| operating_income | positive | realized | +2.2% | Fair value and impairment adjustments included $15.4 million of income for the three months ended March 31, 2026 compared with $(12.6)… |
| operating_income | negative | realized | -0.7% | The mergers and acquisitions, divestitures and business optimization amount of $(232.3) million for the three months ended March 31, 2026… |
| operating_income | negative | realized | -0.4% | Amortization of certain intangible assets was $76.5 million for the three months ended March 31, 2026 |