- Global Housing adjusted EBITDA increased 25% in first 6 months, excluding reportable catastrophes.
- Growth driven by increased demand for lender-placed insurance amid a hardening market.
- Significant expense leverage of over 700 basis points over 2 years.
- Addition of approximately 300,000 loans from new mortgage servicing partner in Q3.
- Ongoing technology investments enhance efficiency, including digitization of millions of documents.
- Growth in renters segment supported by tech-enabled services and platform expansion.
- Achieved a year-to-date combined ratio of 87% excluding cats, on track for mid-80s full-year ratio.
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- Affirm set new records in most of its metrics during Q4 2025, surpassing typical peak periods.
- CEO Max Levchin highlighted that the quarter's results were exceptionally strong and unusual for a fiscal fourth quarter.
- The company experienced accelerating growth, with increased originations and GMV, indicating robust demand.
- Leadership expressed confidence that the growth momentum will continue into the next fiscal year.
- The record-breaking performance was achieved despite typical seasonal fluctuations, emphasizing operational strength.
- Blended rate growth was 3%, driven by a 5.2% renewal rate with 60% of residents renewing in the quarter.
- Equity Residential's second quarter 2025 results exceeded expectations with strong resident retention and sustained demand across markets.
- Expansion markets such as Atlanta and Dallas performed in line with expectations, with suburban acquisitions outperforming urban submarkets facing supply pressure.
- Markets like Los Angeles and Denver faced challenges from weak job growth, quality of life issues, and heavy concession use.
- Other strong markets included New York City with the highest occupancy and strong blended rate growth, and Washington, D.C. with high occupancy and rent growth despite recent softening.
- Physical occupancy was high at 96.6%, with new lease rates slightly negative due to price sensitivity and concession use in supply-heavy markets.
- San Francisco led the portfolio with 5.8% blended rate growth, driven by strong new lease and renewal increases and favorable migration patterns.
- Adjusted EBITDA margins were 32.5% company-wide, with Workforce Solutions margins at 53.3%, USIS at 35%, and International at 26.4%.
- Adjusted EPS was $2.00, $0.10 above the midpoint of April guidance, driven by operating leverage and cost management.
- AWS revenue grew 8%, led by verifier government and consumer lending, with mortgage up 9%.
- Equifax Inc. reported Q2 2025 revenue of $1.54 billion, up 8% in constant currency and 7% reported, the highest quarterly revenue in company history.
- Free cash flow was $239 million in Q2, up over $100 million from prior year, with expected 2025 free cash flow over $900 million and cash conversion over 95%.
- International revenue grew 6% in constant currency, slightly below expectations due to economic weakness in Canada.
- Share repurchases totaled $127 million in Q2 under a new $3 billion program, with dividends paid of $62 million.
- USIS revenue increased 9%, with mortgage revenue up 20% due to price increases and preapproval product growth.
- Workforce Solutions revenue rose 8%, driven by verifier revenue growth of 10% and government revenue growth of 14%.
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