TRU · 10-Q · 2026Q1 · Full report

Trade policy and tariffs

TransUnion · 2026-04-28 · Importance 18 · Surprise 24

The filing states the U.S. has continued to take actions related to import tariffs and that the impacts remain uncertain, contributing to market volatility. TransUnion warns that if policies that significantly increase tariff rates are maintained, there is potential for U.S. and global economic growth to slow and for inflation to increase in markets where it operates. Management notes early implementation of higher tariffs had a lower-than-expected impact on U.S. inflation in 2025 and through early 2026 but emphasizes the ongoing uncertainty is weighing on consumer sentiment. The company flags tariffs as a macro risk that could suppress consumer demand and thereby affect its end markets.

Key facts

• TransUnion noted that uncertainty about U.S. import tariff policy and potential higher tariffs contributes to market volatility and could slow U.S. and global economic growth and increase inflation across many markets where it operates.