TRU · 10-Q · 2026Q1 · Full report

Gross Margin Drivers

TransUnion · 2026-04-28 · Importance 30 · Surprise 14

U.S. Markets Adjusted EBITDA margin declined 0.8 percentage points in Q1 2026, driven primarily by FICO mortgage royalties. Management notes the margin decline was partially offset because technology, communication and labor-related costs grew more slowly than revenue. International Adjusted EBITDA margin also decreased 0.9 percentage points, which management attributes to a shift in revenue mix.