TRU · 10-Q · 2026Q1 · Full report
Consolidated Adjusted EBITDA
TransUnion · 2026-04-28 · Importance 37 · Surprise 32
Consolidated Adjusted EBITDA increased $40.7 million in the three months ended March 31, 2026 versus the same period in 2025, driven primarily by higher revenue and cost savings from the transformation plan. For the three months ended March 31, 2026, Consolidated Adjusted EBITDA margin decreased 1.0% year-over-year due primarily to FICO mortgage royalties in the U.S. Markets segment. The year-over-year improvement in Adjusted EBITDA was partially offset by higher product costs compared to the prior year. The change references Q1 2026 compared to Q1 2025 and reflects company-wide performance drivers and U.S. Markets royalty impact.
Key facts
- EBITDA (net income attributable to TransUnion plus net interest expense, provision for income taxes, and depreciation and amortization) was $631.9 million for the three months ended March 31, 2026 compared with $375.5 million for the three months ended March 31, 2025.
- Consolidated Adjusted EBITDA was $437.9 million for the three months ended March 31, 2026 compared with $397.1 million for the three months ended March 31, 2025, an increase of $40.7 million or 10.3%.
- Total adjustments to EBITDA were $(194.1) million for the three months ended March 31, 2026 compared with $21.7 million for the three months ended March 31, 2025.
- Consolidated Adjusted EBITDA reconciliation shows Net income attributable to TransUnion margin was 31.9% for the three months ended March 31, 2026 compared with 13.5% for the three months ended March 31, 2025.
- Consolidated Adjusted EBITDA margin was 35.2% for the three months ended March 31, 2026 compared with 36.2% for the three months ended March 31, 2025, a decrease of 1.0 percentage point.
- Net interest expense (interest expense less interest income) used in the Adjusted EBITDA reconciliation was $54.8 million for the three months ended March 31, 2026 compared with $47.5 million for the prior-year period.
- Leverage Ratio Adjusted EBITDA was $1,758.7 million for the trailing twelve months ended March 31, 2026
- Consolidated Adjusted EBITDA was $1,686.7 million for the trailing twelve months ended March 31, 2026
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +20.5% | EBITDA (net income attributable to TransUnion plus net interest expense, provision for income taxes, and depreciation and amortization)… |
| margin | positive | realized | +18.4% | Consolidated Adjusted EBITDA reconciliation shows Net income attributable to TransUnion margin was 31.9% for the three months ended March… |
| operating_income | negative | realized | -17.3% | Total adjustments to EBITDA were $(194.1) million for the three months ended March 31, 2026 compared with $21.7 million for the three… |
| operating_income | positive | realized | +3.3% | Consolidated Adjusted EBITDA was $437.9 million for the three months ended March 31, 2026 compared with $397.1 million for the three… |
| margin | negative | realized | -1.0% | Consolidated Adjusted EBITDA margin was 35.2% for the three months ended March 31, 2026 compared with 36.2% for the three months ended… |
| operating_income | negative | realized | -0.6% | Stock-based compensation excluded from Adjusted EBITDA was $37.5 million for the three months ended March 31, 2026 compared with $30.3… |
| net_income | negative | realized | -0.6% | Net interest expense (interest expense less interest income) used in the Adjusted EBITDA reconciliation was $54.8 million for the three… |
| net_income | unclear | realized | — | Net income attributable to TransUnion was $704.5 million for the trailing twelve months ended March 31, 2026 |
| operating_income | unclear | realized | — | EBITDA was $1,662.3 million for the trailing twelve months ended March 31, 2026 |