# EDGAR Filing Document

**Accession Number:** 0001552033
**File Stem:** 0001552033-26-000025
**Filing Date:** 2026-4
**Character Count:** 113740
**Document Hash:** 35ccf6fcc2e44a513e04e8065c4233a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001552033-26-000025.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0001552033-26-000025

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 55

**CONFORMED PERIOD OF REPORT**: 20260428

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TransUnion
- **CENTRAL INDEX KEY:** 0001552033
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES [7320]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 611678417
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37470
- **FILM NUMBER:** 26902997

**BUSINESS ADDRESS:**
- **STREET 1:** 555 WEST ADAMS STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60661
- **BUSINESS PHONE:** (312) 985-2000

**MAIL ADDRESS:**
- **STREET 1:** 555 WEST ADAMS STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60661

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TransUnion Holding Company, Inc.
- **DATE OF NAME CHANGE:** 20120612

?xml version='1.0' encoding='ASCII'? ck0001552033-20260428

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549** 

**____________________**

**FORM 8-K** 

**____________________**

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d)**

 **of the Securities Exchange Act of 1934** 

**Date of Report (Date Earliest Event Reported): April 28, 2026**

**____________________**

**TransUnion** 

**(Exact name of registrant as specified in its charter)** 

**____________________**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-37470** | **61-1678417** |
| (State or other jurisdiction <br>of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

---

| | | | |
|:---|:---|:---|:---|
| **555 West Adams Street,** | **Chicago,** | **Illinois** | **60661** |
| (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **(312) 985-2000** 

**____________________**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.01 par value | TRU | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02 Results of Operations and Financial Condition.**

On April 28, 2026, TransUnion (the "Company") issued a press release announcing results for the quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information furnished pursuant to this Item 2.02, including Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act.

**Item 7.01 Regulation FD Disclosure.**

On April 28, 2026, management reviewed a slide presentation during the Company's fiscal 2026 first quarter earnings conference call. The presentation materials are attached hereto as Exhibit 99.2 and incorporated herein by reference. These materials may also be used by the Company at one or more subsequent conferences with analysts, investors, or other stakeholders.

The information contained in the attached presentation materials is summary information that is intended to be considered in the context of the Company's Securities and Exchange Commission filings and other public announcements. The Company undertakes no duty or obligation to publicly update or revise this information, although it may do so from time to time.

The information furnished pursuant to this Item 7.01, including Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference in any filing made by the Company under the Securities Act or the Exchange Act.

**Item 9.01 Financial Statements and Exhibits.**

**(d) Exhibits**

---

| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| <u>[99.1](exhibit99103312026.htm)</u> | Press release of TransUnion dated April 28, 2026, announcing results for the quarter ended March 31, 2026. |
| <u>[99.2](exhibit9923312026.htm)</u> | Earnings call presentation materials for the quarter ended March 31, 2026. |
| 104 | Cover page Interactive Data File (embedded within the inline XBRL file). |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | TRANSUNION | TRANSUNION |
| Date: April 28, 2026 | By: | /s/ Todd M. Cello |
|  | Name: | Todd M. Cello |
|  | Title: | Executive Vice President, Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

---

| | |
|:---|:---|
| ![tulogoa30.gif](tulogoa30.gif) | **News Release** |

---

**TransUnion Announces Strong First Quarter 2026 Results** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Exceeded revenue, Adjusted EBITDA and Adjusted Diluted Earnings Per Share guidance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Delivered 14 percent revenue growth, or 11 percent organic constant currency, led by U.S. Financial Services

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Completed the acquisition of majority ownership interest in Trans Union de Mexico

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Raising our full year 2026 financial guidance to reflect recent acquisitions while maintaining our organic constant currency growth assumptions

**CHICAGO,** April 28, 2026 – TransUnion (NYSE: TRU) (the "Company") today announced financial results for the quarter ended March 31, 2026.

**First Quarter 2026 Results**

<u>Revenue:</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total revenue for the quarter was $1,246 million, an increase of 14 percent (13 percent on a constant currency basis and 11 percent on an organic constant currency basis), compared with the first quarter of 2025.

<u>Earnings:</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net income attributable to TransUnion was $397 million for the quarter, compared with $148 million for the first quarter of 2025 primarily due to a $225 million gain on our previously held equity interest in Trans Union de México, S.A., S.I.C. ("Trans Union de Mexico"), partially offset by a $56 million reduction of an accrual for a lawsuit that was dismissed in the first quarter of 2025. Diluted earnings per share was $2.04, compared with $0.75 in the first quarter of 2025. Net income attributable to TransUnion margin was 31.9 percent, compared with 13.5 percent in the first quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted Net Income was $230 million for the quarter, compared with $208 million for the first quarter of 2025. Adjusted Diluted Earnings per Share was $1.18, compared with $1.05 in the first quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EBITDA was $438 million for the quarter, compared with $397 million for the first quarter of 2025, an increase of 10 percent (9 percent on a constant currency basis and 7 percent on an organic constant currency basis). Adjusted EBITDA margin was 35.2 percent, compared with 36.2 percent in the first quarter of 2025.

"In the first quarter, TransUnion delivered another strong quarter of outperformance," said Chris Cartwright, President and CEO. "U.S. Markets revenue grew by 14 percent, led by U.S. Financial Services and Insurance. International was flat on an organic constant currency basis, with high-single digit growth in Canada and the U.K. and 10 percent growth in Africa."

"We are raising our 2026 guidance primarily to reflect the completed acquisition of majority ownership in Trans Union de Mexico. Our guidance balances outperformance in the first quarter and healthy underlying trends against market uncertainty and prudent guidance conservatism."

"As laid out during our Investor Day, we have entered a period of innovation-led and scalable growth, increasing cash generation, and accretive capital deployment. Over the course of the year, we expect strong free cash flow to enable debt prepayments and greater return of capital to shareholders."

------

**First Quarter 2026 Segment Results**

Segment revenue, Adjusted EBITDA and the related growth rates in the table below include the results of Trans Union de Mexico beginning on the date we acquired the majority interest. The results of this business are reported in the International Segment within Latin America.

---

| | | | | |
|:---|:---|:---|:---|:---|
| <u>(in millions)</u> | **First Quarter 2026** | **Reported Growth Rate** | **Constant Currency Growth Rate** | **Organic Constant Currency Growth Rate** |
| **U.S. Markets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Services | $501 | 24% | 24% | 24% |
| &nbsp;&nbsp;&nbsp;&nbsp;Emerging Verticals | 335 | 6% | 6% | 6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Interactive | 140 | 1% | 1% | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Markets Revenue | $975 | 14% | 14% | 14% |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Markets Adjusted EBITDA | $357 | 11% | 11% | 11% |
| **International:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Canada | $43 | 14% | 9% | 9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Latin America | 54 | 64% | 56% | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | 72 | 23% | 15% | 7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Africa | 21 | 23% | 10% | 10% |
| &nbsp;&nbsp;&nbsp;&nbsp;India | 62 | (10)% | (5)% | (5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Asia Pacific | 22 | (18)% | (18)% | (18)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total International Revenue | $274 | 13% | 10% | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;International Adjusted EBITDA | $122 | 11% | 8% | (2)% |

---

**Liquidity and Capital Resources**

Cash and cash equivalents was $733 million at March 31, 2026 and $854 million at December 31, 2025.

For the three months ended March 31, 2026, cash provided by operating activities was $84 million, compared with $53 million in 2025. The increase in cash provided by operating activities was due primarily to improved operating performance, partially offset by changes in working capital. For the three months ended March 31, 2026, cash used in investing activities was $587 million, compared with $87 million in 2025. The increase in cash used in investing activities was due primarily to our acquisition of Trans Union de Mexico, partially offset by proceeds from the sale of two Cost Method Investments and a prior year investment in a note receivable. For the three months ended March 31, 2026, capital expenditures were $65 million, compared with $68 million in 2025. Capital expenditures as a percentage of revenue represented 5% and 6%, respectively, for the three months ended March 31, 2026 and 2025. For the three months ended March 31, 2026, cash provided by financing activities was $401 million, compared with cash used in financing activities of $41 million in 2025. The increase in cash provided by financing activities was due primarily to borrowings from the Senior Secured Revolving Credit Facility for the purchase of Trans Union de Mexico, partially offset by dividends paid to shareholders of Trans Union de Mexico.

------

**Second Quarter and Full Year 2026 Outlook**

Our guidance is based on a number of assumptions that are subject to change, many of which are outside of the control of the Company, including general macroeconomic conditions, interest rates and inflation. There are numerous evolving factors that we may not be able to accurately predict. There can be no assurance that the Company will achieve the results expressed by this guidance.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2026 | Twelve Months Ended December 31, 2026 | Twelve Months Ended December 31, 2026 |
| <u>(in millions, except per share data)</u> | Low | High | Low | High |
| Revenue, as reported | $1271 | $1283 | $5100 | $5135 |
| Revenue growth<sup>1</sup>: |  |  |  |  |
| &nbsp;&nbsp;As reported | 12% | 13% | 11% | 12% |
| &nbsp;&nbsp;Constant currency<sup>1, 2</sup> | 12% | 13% | 12% | 12% |
| &nbsp;&nbsp;Organic constant currency<sup>1, 3</sup> | 8% | 9% | 8% | 9% |
| Net income attributable to TransUnion | $120 | $125 | $790 | $804 |
| &nbsp;&nbsp;Net income attributable to TransUnion growth | 10% | 14% | 73% | 77% |
| &nbsp;&nbsp;Net income attributable to TransUnion margin | 9.5% | 9.7% | 15.5% | 15.7% |
| Diluted Earnings per Share | $0.61 | $0.64 | $4.04 | $4.11 |
| &nbsp;&nbsp;Diluted Earnings per Share growth | 11% | 15% | 74% | 78% |
| Adjusted EBITDA, as reported<sup>5</sup> | $439 | $445 | $1796 | $1816 |
| &nbsp;&nbsp;Adjusted EBITDA growth, as reported<sup>4</sup> | 8% | 9% | 9% | 10% |
| &nbsp;&nbsp;Adjusted EBITDA margin | 34.5% | 34.7% | 35.2% | 35.4% |
| Adjusted Diluted Earnings per Share<sup>5</sup> | $1.13 | $1.15 | $4.68 | $4.75 |
| &nbsp;&nbsp;Adjusted Diluted Earnings per Share growth | 4% | 6% | 9% | 11% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.Additional revenue growth assumptions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.The impact of changing foreign currency exchange rates is expected to be immaterial for Q2 2026 and for FY 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.The impact of the recent acquisitions is expected to be approximately 4 points of benefit for Q2 2026 and approximately 3.5 points of benefit for FY 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.The impact of FICO mortgage royalty is expected to be approximately 3 points of benefit for Q2 2026 and approximately 3 points of benefit for FY 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Constant currency growth rates assume foreign currency exchange rates are consistent between years. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.Organic constant currency growth rates are constant currency growth excluding inorganic growth. Inorganic growth represents growth attributable to the first twelve months of activity for recent business acquisitions, including Trans Union de Mexico, the mobile division of RealNetworks LLC and Monevo.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.Additional Adjusted EBITDA assumptions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.The impact of changing foreign currency exchange rates is expected to be immaterial for Q2 2026 and for FY 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.For a reconciliation of the above non-GAAP financial measures to the most directly comparable GAAP financial measures, refer to Schedule 7 of this Earnings Release.

------

**Earnings Webcast Details**

In conjunction with this release, TransUnion will host a conference call and webcast today at 8:30 a.m. Central Time to discuss the business results for the quarter and certain forward-looking information. This session and the accompanying presentation materials may be accessed at www.transunion.com/tru. A replay of the call will also be available at this website following the conclusion of the call.

**About TransUnion (NYSE: TRU)**

TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good<sup>®</sup> — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

http://www.transunion.com/business

**Availability of Information on TransUnion's Website**

Investors and others should note that TransUnion routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the TransUnion Investor Relations website. While not all of the information that the Company posts to the TransUnion Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in TransUnion to review the information that it shares on www.transunion.com/tru.

**Forward-Looking Statements**

This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of TransUnion's management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Any statements made in this earnings release that are not statements of historical fact, including statements about our beliefs, expectations and outlook are forward-looking statements. Forward-looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. These statements often include words such as "anticipate," "expect," "guidance," "suggest," "plan," "believe," "intend," "estimate," "target," "project," "should," "could," "would," "may," "will," "forecast," "outlook," "potential," "continues," "seeks," "predicts," or the negatives of these words and other similar expressions.

Factors that could cause actual results to differ materially from those described in the forward-looking statements, or that could materially affect our financial results or such forward-looking statements include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• macroeconomic effects and changes in market conditions, including the impact of tariffs, inflation, risk of recession, trade policy, and industry trends and adverse developments in the debt, consumer credit and financial services markets, including the impact on the carrying value of our assets in all of the markets where we operate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ongoing conflict in the Middle East;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to provide competitive services and prices;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to retain or renew existing agreements with large or long-term customers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to maintain the security and integrity of our data;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to deliver services timely without interruption;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• uncertainty related to Fair Isaac Corporation's ("FICO") new Mortgage Direct License Program;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to maintain our access to data sources;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• government regulation and changes in the regulatory environment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• litigation or regulatory proceedings;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our approach to the use of artificial intelligence;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to effectively manage our costs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to maintain effective internal control over financial reporting or disclosure controls and procedures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• economic and political stability in the United States and risks associated with the international markets where we operate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to effectively develop and maintain strategic alliances and joint ventures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to timely develop new services and the market's willingness to adopt our new services;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to manage and expand our operations and keep up with rapidly changing technologies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to acquire businesses, successfully secure financing for our acquisitions, timely consummate our acquisitions, successfully integrate the operations of our acquisitions, control the costs of integrating our acquisitions and realize the intended benefits of such acquisitions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to protect and enforce our intellectual property, trade secrets and other forms of unpatented intellectual property;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to defend our intellectual property from infringement claims by third parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the ability of our outside service providers and key vendors to fulfill their obligations to us;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• further consolidation in our end-customer markets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the increased availability of free or inexpensive consumer information;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• losses against which we do not insure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to make timely payments of principal and interest on our indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to satisfy covenants in the agreements governing our indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to maintain our liquidity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• stock price volatility;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• share repurchase plans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• dividend rate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our reliance on key management personnel; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• changes in tax laws or adverse outcomes resulting from examination of our tax returns.

There may be other factors, many of which are beyond our control, that may cause our actual results to differ materially from the forward-looking statements, including factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K filed with the Securities and Exchange Commission. You should evaluate all forward-looking statements made in this report in the context of these risks and uncertainties.

The forward-looking statements contained in this earnings release speak only as of the date of this earnings release. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this earnings release.

**For More Information**

E-mail:&nbsp;&nbsp;&nbsp;&nbsp;<u>Investor.Relations@transunion.com</u>

Telephone:&nbsp;&nbsp;&nbsp;&nbsp;312.985.2860

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**TRANSUNION AND SUBSIDIARIES**

**Consolidated Balance Sheets (Unaudited)**

(in millions, except per share data)

---

| | | |
|:---|:---|:---|
| | March 31,<br>2026 | December 31,<br>2025 |
| **Assets** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $732.5 | $853.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade accounts receivable, net of allowance of $21.2 and $27.7 | 1047.4 | 905.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current assets | 237.3 | 257.7 |
| Total current assets | 2017.2 | 2016.3 |
| Property, plant and equipment, net of accumulated depreciation and amortization of $558.3 and $545.0 | 275.1 | 258.4 |
| Goodwill | 5775.6 | 5259.5 |
| Other intangibles, net of accumulated amortization of $2,830.0 and $2,716.3 | 3563.8 | 3098.5 |
| Other assets | 415.6 | 480.2 |
| **Total assets** | $12047.3 | $11112.9 |
| **Liabilities and stockholders' equity** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade accounts payable | $379.1 | $349.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current portion of long-term debt | 205.0 | 196.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current liabilities | 461.5 | 607.6 |
| Total current liabilities | 1045.6 | 1154.4 |
| Long-term debt | 5402.4 | 4906.9 |
| Deferred taxes | 535.8 | 389.8 |
| Other liabilities | 148.8 | 116.5 |
| **Total liabilities** | 7132.6 | 6567.6 |
| Stockholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred stock, $0.01 par value; 100.0 million shares authorized; none issued or outstanding as of March 31, 2026 and December 31, 2025, respectively |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock, $0.01 par value; 1.0 billion shares authorized at March 31, 2026 and December 31, 2025, 200.0 million and 199.4 million shares issued at March 31, 2026 and December 31, 2025, respectively, and 192.8 million and 192.4 million shares outstanding as of March 31, 2026 and December 31, 2025, respectively | 1.9 | 2.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 2460.3 | 2424.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasury stock at cost; 7.3 million and 7.0 million shares at March 31, 2026 and December 31, 2025, respectively | (391.0) | (370.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 3096.1 | 2723.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (413.7) | (340.2) |
| Total TransUnion stockholders' equity | 4753.6 | 4439.2 |
| Noncontrolling interests | 161.1 | 106.1 |
| **Total stockholders' equity** | 4914.7 | 4545.3 |
| **Total liabilities and stockholders' equity** | $12047.3 | $11112.9 |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**TRANSUNION AND SUBSIDIARIES**

**Consolidated Statements of Operations (Unaudited)**

(in millions, except per share data)

---

| | | |
|:---|:---|:---|
| | Three Months Ended March 31, | Three Months Ended March 31, |
| | 2026 | 2025 |
| **Revenue** | $1245.7 | $1095.7 |
| **Operating expenses** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of services (exclusive of depreciation and amortization below) | 519.5 | 445.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selling, general and administrative | 329.1 | 256.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 152.3 | 138.9 |
| **Total operating expenses** | 1000.9 | 841.4 |
| **Operating income** | 244.8 | 254.4 |
| **Non-operating income and (expense)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense | (62.0) | (56.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest income | 7.2 | 8.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Earnings from equity method investments | 6.5 | 4.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain on acquisition of affiliate | 225.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other income and (expense), net | 6.2 | (17.4) |
| **Total non-operating income and (expense)** | 183.3 | (60.6) |
| **Income before income taxes** | 428.1 | 193.8 |
| **Provision for income taxes** | (27.6) | (41.0) |
| **Net income** | 400.4 | 152.7 |
| **Less: net income attributable to noncontrolling interests** | (3.3) | (4.7) |
| **Net income attributable to TransUnion** | $397.1 | $148.1 |
| **Basic earnings per common share from:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income attributable to TransUnion | $2.06 | $0.76 |
| **Diluted earnings per common share from:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income attributable to TransUnion | $2.04 | $0.75 |
| **Weighted-average shares outstanding:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | 192.7 | 195.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | 194.5 | 197.3 |

---

As a result of displaying amounts in millions, rounding differences may exist in the table above.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**TRANSUNION AND SUBSIDIARIES**

**Consolidated Statements of Cash Flows (Unaudited)**

(in millions)

---

| | | |
|:---|:---|:---|
| | Three Months Ended March 31, | Three Months Ended March 31, |
| | 2026 | 2025 |
| **Cash flows from operating activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | $400.4 | $152.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 152.3 | 138.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred taxes | (16.0) | (22.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 37.5 | 30.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain on acquisition of affiliate | (225.5) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | (17.3) | 15.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade accounts receivable | (139.5) | (88.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current and long-term assets | 21.1 | 3.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade accounts payable | 26.7 | 29.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current and long-term liabilities | (155.5) | (206.7) |
| **Cash provided by operating activities** | 84.2 | 52.5 |
| **Cash flows from investing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital expenditures | (65.2) | (68.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from sale/maturity of other investments |  | 0.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments in consolidated affiliates, net of cash acquired | (578.6) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments in nonconsolidated affiliates and notes receivable | (1.0) | (20.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from the sale of investments in nonconsolidated affiliates | 47.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 10.8 | 1.6 |
| **Cash used in investing activities** | (586.7) | (86.6) |
| **Cash flows from financing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from revolving credit facility | 520.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repayments of debt | (17.7) | (17.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt financing fees | (0.7) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends to shareholders | (25.0) | (22.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from issuance of common stock and exercise of stock options | 9.8 | 10.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee taxes paid on restricted stock units recorded as treasury stock | (20.7) | (5.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repurchases of common stock | (12.1) | (5.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends paid to shareholders of acquired affiliate | (52.6) |  |
| **Cash provided by (used in) financing activities** | 400.9 | (40.6) |
| Effect of exchange rate changes on cash and cash equivalents | (19.5) | 5.1 |
| Net change in cash and cash equivalents | (121.1) | (69.6) |
| Cash and cash equivalents, beginning of period | 853.6 | 679.5 |
| **Cash and cash equivalents, end of period** | $732.5 | $609.9 |

---

As a result of displaying amounts in millions, rounding differences may exist in the table above.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**TRANSUNION AND SUBSIDIARIES**

**Non-GAAP Financial Measures**

We present Consolidated Adjusted EBITDA, Consolidated Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted Earnings per Share, Adjusted Provision for Income Taxes, Adjusted Effective Tax Rate and Leverage Ratio for all periods presented. These are important financial measures for the Company but are not financial measures as defined by GAAP. These financial measures should be reviewed in conjunction with the relevant GAAP financial measures and are not presented as alternative measures of GAAP. Other companies in our industry may define or calculate these measures differently than we do, limiting their usefulness as comparative measures. Because of these limitations, these non-GAAP financial measures should not be considered in isolation or as substitutes for performance measures calculated in accordance with GAAP, including operating income, operating margin, effective tax rate, net income attributable to the Company, diluted earnings per share or cash provided by operating activities. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are presented in the tables below.

We present Consolidated Adjusted EBITDA, Consolidated Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted Earnings per Share, Adjusted Provision for Income Taxes and Adjusted Effective Tax Rate as supplemental measures of our operating performance because these measures eliminate the impact of certain items that we do not consider indicative of our cash operations and ongoing operating performance. These are measures frequently used by securities analysts, investors and other interested parties in their evaluation of the operating performance of companies similar to ours.

Our board of directors and executive management team use Adjusted EBITDA as an incentive compensation measure for most eligible employees and Adjusted Diluted Earnings per Share as an incentive compensation measure for certain of our senior executives.

Under the credit agreement governing our Senior Secured Credit Facility, our ability to engage in activities such as incurring additional indebtedness, making investments and paying dividends is tied to our Leverage Ratio which is partially based on Adjusted EBITDA. Investors also use our Leverage Ratio to assess our ability to service our debt and make other capital allocation decisions.

*Consolidated Adjusted EBITDA*

Management has excluded the following items from net income attributable to TransUnion in order to calculate Adjusted EBITDA for the periods presented:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Net interest expense* is the sum of interest expense and interest income as reported on our Consolidated Statements of Operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Provision for income taxes,* as reported on our Consolidated Statements of Operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Depreciation and amortization,* as reported on our Consolidated Statements of Operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Stock-based compensation* is used as an incentive to engage and retain our employees. It is predominantly a non-cash expense. We exclude stock-based compensation because it may not correlate to the underlying performance of our business operations during the period since it is measured at the grant date fair value and it is subject to variability as a result of performance conditions and timing of grants. These expenses are reported within cost of services and selling, general and administrative on our Consolidated Statements of Operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Mergers and acquisitions, divestitures and business optimization* expenses are non-recurring expenses associated with specific transactions (exploratory or executed) and consist of (i) transaction and integration costs, (ii) fair value and impairment adjustments related to investments and related call and put options, notes receivable, gains or losses on a step acquisition and mark-to-market adjustments on acquisition-related foreign currency forward contracts, (iii) post-acquisition adjustments to contingent consideration or to assets and liabilities that occurred after the acquisition measurement period. We exclude these expenses as we believe they are not directly correlated to the underlying performance of our business operations and vary depending upon the timing of such transactions. These expenses are reported in costs of services, selling, general and administrative and other income and (expenses), net, on our Consolidated Statements of Operations.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Accelerated technology investment* includes Project Rise and the final phase of our technology investment announced in November 2023. Project Rise was announced in February 2020 and was originally expected to be completed in 2022. Following our acquisition of Neustar in December 2021, we recognized the opportunity to take advantage of Neustar's capabilities to enhance and complement our cloud-based technology already under development as part of Project Rise. As a result, we extended Project Rise's timeline to 2024. In November 2023, we announced our plans to further leverage Neustar's technology to standardize and streamline our product delivery platforms and to build a single global platform for fulfillment of our product lines. This represented the final phase of the technology investment in our global technology infrastructure and core customer applications. The accelerated technology investment fundamentally transformed our technology infrastructure by implementing a global cloud-based approach to streamline product development, increase the efficiency of ongoing operations and maintenance and enable a continuous improvement approach to avoid the need for another major technology overhaul in the foreseeable future. The unique effort to build a secure, reliable and performant hybrid cloud infrastructure required us to dedicate separate resources in order to develop the new cloud-based infrastructure in parallel with our current on-premise environment by maintaining our existing technology team to ensure no disruptions to our customers. The costs associated with the accelerated technology investment are incremental and redundant costs that will not recur now that the program has been completed and are not representative of our underlying operating performance. Therefore, we believe that excluding these costs through the end of the program in 2025 from our non-GAAP measures provides a better reflection of our ongoing cost structure. These costs are primarily reported in cost of services and therefore do not include amounts that are capitalized as internally developed software.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Operating model optimization program* represents employee separation costs, facility lease exit costs and other business process optimization expenses incurred in connection with our transformation plan. We excluded these expenses through the end of the program in 2025 as we believe they are not directly correlated to the underlying performance of our business. Further, these costs will vary and may not be comparable during the transformation initiative as we progress toward an optimized operating model. These costs are reported primarily in restructuring and selling, general and administrative on our Consolidated Statements of Operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Net other* adjustments principally relate to: (i) deferred loan fee expense from debt prepayments and refinancing, (ii) other debt financing expenses consisting primarily of revolving credit facility deferred financing fee amortization and commitment fees and expenses associated with ratings agencies and interest rate hedging, (iii) currency remeasurement on foreign operations, (iv) legal and regulatory expenses, net, and (v) other non-operating (income) and expense. We exclude these expenses as we believe they are not directly correlated to the underlying performance of our business and create variability between periods based on the nature and timing of the expense or income. These costs are reported in selling, general and administrative and in non-operating income and expense, net as applicable based on their nature on our Consolidated Statements of Operations.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*Consolidated Adjusted EBITDA Margin*

Management defines Consolidated Adjusted EBITDA Margin as Consolidated Adjusted EBITDA divided by total revenue as reported.

*Adjusted Net Income*

Management has excluded the following items from net income attributable to TransUnion in order to calculate Adjusted Net Income for the periods presented:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Amortization of certain intangible assets* presents non-cash amortization expenses related to assets that arose from our 2012 change in control transaction and business combinations occurring after our 2012 change in control. We exclude these expenses as we believe they are not directly correlated to the underlying performance of our business operations and vary dependent upon the timing of the transactions that give rise to these assets. Amortization of intangible assets is included in depreciation and amortization on our Consolidated Statements of Operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Stock-based compensation* (see Consolidated Adjusted EBITDA above)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Mergers and acquisitions, divestiture and business optimization* (see Consolidated Adjusted EBITDA above)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Accelerated technology investment* (see Consolidated Adjusted EBITDA above)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Operating model optimization program* (see Consolidated Adjusted EBITDA above)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Net other* is consistent with the definition in Consolidated Adjusted EBITDA above except that other debt financing expenses and certain other miscellaneous income and expense that are included in the adjustment to calculate Adjusted EBITDA are excluded in the adjustment made to calculate Adjusted Net Income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Total adjustments for income taxes* relates to the cumulative adjustments discussed below for Adjusted Provision for Income Taxes. This adjustment is made for the reasons indicated in Adjusted Provision for Income Taxes below. Adjustments related to the provision for income taxes are included in the line item by this name on our Consolidated Statement of Operations.

*Adjusted Diluted Earnings Per Share*

Management defines Adjusted Diluted Earnings per Share as Adjusted Net Income divided by the weighted-average diluted shares outstanding.

*Adjusted Provision for Income Taxes*

Management has excluded the following items from our provision for income taxes for the periods presented:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Tax effect of above adjustments* represents the income tax effect of the adjustments related to Adjusted Net Income described above. The tax rate applied to each adjustment is based on the nature of each line item. We include the tax effect of the adjustments made to Adjusted Net Income to provide a comprehensive view of our adjusted net income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Excess tax (benefit) expense for stock-based compensation* is the permanent difference between expenses recognized for book purposes and expenses recognized for tax purposes, in each case related to stock-based compensation expense. We exclude this amount from the Adjusted Provision for Income Taxes in order to be consistent with the exclusion of stock-based compensation from the calculation of Adjusted Net Income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Other* principally relates to (i) deferred tax adjustments, including rate changes, (ii) infrequent or unusual valuation allowance adjustments, (iii) return to provision, tax authority audit adjustments, and reserves related to prior periods, and (iv) other non-recurring items. We exclude these items because they create variability that impacts comparability between periods.

*Adjusted Effective Tax Rate*

Management defines Adjusted Effective Tax Rate as Adjusted Provision for Income Taxes divided by Adjusted income before income taxes. We calculate adjusted income before income taxes by excluding the pre-tax

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

adjustments in the calculation of Adjusted Net Income discussed above and noncontrolling interest related to these pre-tax adjustments from income before income taxes.

*Leverage Ratio* 

Management defines Leverage Ratio as net debt divided by Consolidated Adjusted EBITDA for the most recent twelve-month period including twelve months of Adjusted EBITDA from significant acquisitions. Net debt is defined as total debt less cash and cash equivalents as reported on the balance sheet as of the end of the period.

This earnings release presents constant currency growth rates assuming foreign currency exchange rates are consistent between years. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates. This earnings release also presents organic constant currency growth rates, which assumes consistent foreign currency exchange rates between years and also eliminates the impact of our recent acquisitions. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates and the impacts of recent acquisitions.

Free cash flow is defined as cash provided by operating activities less capital expenditures and is a measure we may refer to.

Refer to Schedules 1 through 7 for a reconciliation of our non-GAAP financial measures to the most directly comparable GAAP financial measure.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**SCHEDULE 1**

**TRANSUNION AND SUBSIDIARIES**

**Revenue and Adjusted EBITDA growth rates as Reported, CC, and Organic CC**

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | For the Three Months Ended March 31, 2026 compared with<br>the Three Months Ended March 31, 2025 | For the Three Months Ended March 31, 2026 compared with<br>the Three Months Ended March 31, 2025 | For the Three Months Ended March 31, 2026 compared with<br>the Three Months Ended March 31, 2025 | For the Three Months Ended March 31, 2026 compared with<br>the Three Months Ended March 31, 2025 |
| | Reported | CC Growth<sup>1</sup> | Inorganic | Organic CC Growth<sup>2</sup> |
| **Revenue:** |  |  |  |  |
| Consolidated | 13.7% | 12.9% | 2.2% | 10.7% |
| U.S. Markets | 13.8% | 13.8% | 0.1% | 13.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Services | 24.0% | 24.0% | —% | 24.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Emerging Verticals | 6.3% | 6.3% | —% | 6.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Interactive | 1.3% | 1.1% | 0.8% | 0.3% |
| International | 13.1% | 9.8% | 9.6% | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Canada | 14.4% | 9.3% | —% | 9.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Latin America | 64.4% | 56.4% | 56.0% | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | 22.7% | 14.7% | 8.1% | 7.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Africa | 23.4% | 9.5% | —% | 9.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;India | (10.5)% | (5.5)% | —% | (5.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Asia Pacific | (18.2)% | (17.6)% | —% | (17.6)% |
| **Adjusted EBITDA:** |  |  |  |  |
| Consolidated | 10.3% | 9.4% | 2.8% | 6.6% |
| U.S. Markets | 11.5% | 11.4% | 0.2% | 11.2% |
| International | 10.9% | 8.0% | 9.5% | (1.6)% |

---

&nbsp;&nbsp;&nbsp;&nbsp;1.Constant Currency ("CC") growth rates assume foreign currency exchange rates are consistent between years. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates.

&nbsp;&nbsp;&nbsp;&nbsp;2.Organic CC growth rate is the CC growth rate less inorganic growth rate.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**SCHEDULE 2**

**TRANSUNION AND SUBSIDIARIES**

**Consolidated and Segment Revenue, Adjusted EBITDA, and Adjusted EBITDA Margin (Unaudited)**

(dollars in millions)

---

| | | |
|:---|:---|:---|
| | Three Months Ended March 31, | Three Months Ended March 31, |
| | 2026 | 2025 |
| **Revenue:** |  |  |
| U.S. Markets gross revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial Services | $500.5 | $403.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Emerging Verticals | 334.7 | 314.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Interactive | 139.9 | 138.2 |
| U.S. Markets gross revenue | $975.1 | $856.6 |
| International gross revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada | $43.3 | $37.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Latin America | 53.9 | 32.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | 72.2 | 58.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Africa | 20.9 | 16.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India | 61.6 | 68.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asia Pacific | 22.1 | 27.0 |
| International gross revenue | $274.0 | $242.2 |
| **Total gross revenue** | $1249.1 | $1098.8 |
| Intersegment revenue eliminations |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Markets | $(1.9) | $(1.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;International | (1.5) | (1.5) |
| Total intersegment revenue eliminations | $(3.4) | $(3.1) |
| **Total revenue as reported** | $1245.7 | $1095.7 |
| **Adjusted EBITDA:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Markets | $356.9 | $320.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;International | 121.7 | 109.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate | (40.7) | (32.8) |
| **Adjusted EBITDA Margin:**<sup>1</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Markets | 36.6% | 37.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;International | 44.4% | 45.3% |

---

&nbsp;&nbsp;&nbsp;&nbsp;1.Segment Adjusted EBITDA Margins are calculated using segment gross revenue and segment Adjusted EBITDA. Consolidated Adjusted EBITDA Margin is calculated using total revenue as reported and consolidated Adjusted EBITDA.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| | Three Months Ended March 31, | Three Months Ended March 31, |
| | 2026 | 2025 |
| **Reconciliation of Net income attributable to TransUnion to consolidated Adjusted EBITDA:** |  |  |
| Net income attributable to TransUnion | $397.1 | $148.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest expense | 54.8 | 47.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for income taxes | 27.6 | 41.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 152.3 | 138.9 |
| EBITDA | $631.9 | $375.5 |
| Adjustments to EBITDA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 37.5 | 30.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mergers and acquisitions, divestitures and business optimization<sup>1</sup> | (232.3) | 17.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accelerated technology investment<sup>2</sup> |  | 20.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating model optimization program<sup>3</sup> |  | 9.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net other<sup>4</sup> | 0.7 | (56.4) |
| Total adjustments to EBITDA | $(194.1) | $21.7 |
| **Consolidated Adjusted EBITDA** | $437.9 | $397.1 |
| Net income attributable to TransUnion margin | 31.9% | 13.5% |
| Consolidated Adjusted EBITDA margin<sup>5</sup> | 35.2% | 36.2% |

---

As a result of displaying amounts in millions, rounding differences may exist in the tables above and footnotes below.

&nbsp;&nbsp;&nbsp;&nbsp;1.Mergers and acquisitions, divestitures and business optimization consisted of the following adjustments:

---

| | | |
|:---|:---|:---|
| | Three Months Ended March 31, | Three Months Ended March 31, |
| | 2026 | 2025 |
| Transaction and integration costs | $8.5 | $5.3 |
| Fair value and impairment adjustments | (240.9) | 12.6 |
| Total mergers and acquisitions, divestitures and business optimization | $(232.3) | $17.9 |

---

Fair value and impairment adjustments includes the gain on our acquisition of Trans Union de Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;2.Represents expenses associated with our accelerated technology investment to migrate to the cloud. There are three components of the accelerated technology investment: (i) building foundational capabilities, which includes establishing a modern, API-based and services-oriented software architecture, (ii) the migration of each application and customer data to the new enterprise platform, including the redundant software costs during the migration period, as well as the efforts to decommission the legacy system, and (iii) program enablement, which includes dedicated resources to support the planning and execution of the program. The amounts for each category of cost are as follows:

---

| | |
|:---|:---|
| | Three Months Ended March 31, |
| | 2025 |
| Foundational Capabilities | $7.4 |
| Migration Management | 12.6 |
| Total accelerated technology investment | $20.0 |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;3.Operating model optimization consisted of the following adjustments:

---

| | |
|:---|:---|
| | Three Months Ended March 31, |
| | 2025 |
| Business process optimization | $9.8 |
| Total operating model optimization | $9.8 |

---

&nbsp;&nbsp;&nbsp;&nbsp;4.Net other consisted of the following adjustments:

---

| | | |
|:---|:---|:---|
| | Three Months Ended March 31, | Three Months Ended March 31, |
| | 2026 | 2025 |
| Deferred loan fee expense from debt prepayments and refinancing | $— | $(0.1) |
| Other debt financing expenses | 0.5 | 0.5 |
| Currency remeasurement on foreign operations | 1.5 | (0.6) |
| Legal and regulatory expenses, net |  | (56.0) |
| Other non-operating (income) expense | (1.4) | (0.3) |
| Total other adjustments | $0.7 | $(56.4) |

---

&nbsp;&nbsp;&nbsp;&nbsp;5.Consolidated Adjusted EBITDA margin is calculated by dividing Consolidated Adjusted EBITDA by total revenue.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**SCHEDULE 3**

**TRANSUNION AND SUBSIDIARIES**

**Adjusted Net Income and Adjusted Diluted Earnings Per Share (Unaudited)**

(in millions, except per share data)

---

| | | |
|:---|:---|:---|
| | Three Months Ended March 31, | Three Months Ended March 31, |
| | 2026 | 2025 |
| Net Income attributable to TransUnion | $397.1 | $148.1 |
| Weighted-average shares outstanding: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 192.7 | 195.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 194.5 | 197.3 |
| Basic earnings per common share from: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income attributable to TransUnion | $2.06 | $0.76 |
| Diluted earnings per common share from: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income attributable to TransUnion | $2.04 | $0.75 |
| **Reconciliation of Net income attributable to TransUnion to Adjusted Net Income:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income attributable to TransUnion | $397.1 | $148.1 |
| Adjustments before income tax items: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of certain intangible assets | 76.5 | 70.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 37.5 | 30.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mergers and acquisitions, divestitures and business optimization<sup>1</sup> | (232.3) | 17.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accelerated technology investment<sup>2</sup> |  | 20.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating model optimization program<sup>3</sup> |  | 9.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net other<sup>4</sup> | 1.6 | (56.7) |
| Total adjustments before income tax items | $(116.7) | $92.3 |
| Total adjustments for income taxes<sup>5</sup> | (50.2) | (32.7) |
| **Adjusted Net Income** | $230.2 | $207.6 |
| Weighted-average shares outstanding: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 192.7 | 195.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 194.5 | 197.3 |
| Adjusted Earnings per Share: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $1.19 | $1.06 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | $1.18 | $1.05 |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| | Three Months Ended March 31, | Three Months Ended March 31, |
| | 2026 | 2025 |
| **Reconciliation of Diluted earnings per share from Net income attributable to TransUnion to Adjusted Diluted Earnings per Share:** |  |  |
| Diluted earnings per common share from: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income attributable to TransUnion | $2.04 | $0.75 |
| Adjustments before income tax items: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of certain intangible assets | 0.39 | 0.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 0.19 | 0.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mergers and acquisitions, divestitures and business optimization<sup>1</sup> | (1.19) | 0.09 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accelerated technology investment<sup>2</sup> |  | 0.10 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating model optimization program<sup>3</sup> |  | 0.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net other<sup>4</sup> | 0.01 | (0.29) |
| Total adjustments before income tax items | $(0.60) | $0.47 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total adjustments for income taxes<sup>5</sup> | (0.26) | (0.17) |
| Adjusted Diluted Earnings per Share | $1.18 | $1.05 |

---

Each component of earnings per share is calculated independently, therefore, rounding differences exist in the table above.

&nbsp;&nbsp;&nbsp;&nbsp;1.Mergers and acquisitions, divestitures and business optimization consisted of the following adjustments:

---

| | | |
|:---|:---|:---|
| | Three Months Ended March 31, | Three Months Ended March 31, |
| | 2026 | 2025 |
| Transaction and integration costs | $8.5 | $5.3 |
| Fair value and impairment adjustments | (240.9) | 12.6 |
| Total mergers and acquisitions, divestitures and business optimization | $(232.3) | $17.9 |

---

Fair value and impairment adjustments includes the gain on our acquisition of Trans Union de Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;2.Represents expenses associated with our accelerated technology investment to migrate to the cloud. There are three components of the accelerated technology investment: (i) building foundational capabilities which includes establishing a modern, API-based and services-oriented software architecture, (ii) the migration of each application and customer data to the new enterprise platform, including the redundant software costs during the migration period, as well as the efforts to decommission the legacy system, and (iii) program enablement, which includes dedicated resources to support the planning and execution of the program. The amounts for each category of cost are as follows:

---

| | |
|:---|:---|
| | Three Months Ended March 31, |
| | 2025 |
| Foundational Capabilities | $7.4 |
| Migration Management | 12.6 |
| Total accelerated technology investment | $20.0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;3.Operating model optimization consisted of the following adjustments:

---

| | |
|:---|:---|
| | Three Months Ended March 31, |
| | 2025 |
| Business process optimization | $9.8 |
| Total operating model optimization | $9.8 |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;4.Net other consisted of the following adjustments:

---

| | | |
|:---|:---|:---|
| | Three Months Ended March 31, | Three Months Ended March 31, |
| | 2026 | 2025 |
| Deferred loan fee expense from debt prepayments and refinancing | $— | $(0.1) |
| Currency remeasurement on foreign operations | 1.5 | (0.6) |
| Legal and regulatory expenses, net |  | (56.0) |
| Total other adjustments | $1.6 | $(56.7) |

---

&nbsp;&nbsp;&nbsp;&nbsp;5.Total adjustments for income taxes represents the total of adjustments discussed to calculate the Adjusted Provision for Income Taxes.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**SCHEDULE 4**

**TRANSUNION AND SUBSIDIARIES**

**Adjusted Provision for Income Taxes, Effective Tax Rate and Adjusted Effective Tax Rate (Unaudited)**

(dollars in millions)

---

| | | |
|:---|:---|:---|
| | Three Months Ended March 31, | Three Months Ended March 31, |
| | 2026 | 2025 |
| Income before income taxes | $428.1 | $193.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total adjustments before income tax items from Schedule 3 | (116.7) | 92.3 |
| Adjusted income before income taxes | $311.4 | $286.1 |
| **Reconciliation of Provision for income taxes to Adjusted Provision for Income Taxes** |  |  |
| Provision for income taxes | $(27.6) | $(41.0) |
| Adjustments for income taxes: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax effect of above adjustments | (26.4) | (32.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Eliminate impact of excess tax expense for stock-based compensation | (0.9) | 0.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other<sup>1</sup> | (22.9) | (0.9) |
| Total adjustments for income taxes | $(50.2) | $(32.7) |
| **Adjusted Provision for Income Taxes** | $(77.9) | $(73.7) |
| Effective tax rate | 6.5% | 21.2% |
| Adjusted Effective Tax Rate | 25.0% | 25.8% |

---

As a result of displaying amounts in millions, rounding differences may exist in the table above.

&nbsp;&nbsp;&nbsp;&nbsp;1.Other adjustments for income taxes include:

---

| | | |
|:---|:---|:---|
| | Three Months Ended March 31, | Three Months Ended March 31, |
| | 2026 | 2025 |
| Deferred tax adjustments | $(18.9) | $(4.6) |
| Valuation allowance adjustments | (5.1) | 2.3 |
| Return to provision, audit adjustments and reserves related to prior periods | 0.2 | 1.0 |
| Other adjustments | 0.9 | 0.4 |
| Total other adjustments | $(22.9) | $(0.9) |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**SCHEDULE 5**

**TRANSUNION AND SUBSIDIARIES**

**Leverage Ratio (Unaudited)**

(dollars in millions)

---

| | |
|:---|:---|
|  | Trailing Twelve Months Ended<br> March 31, 2026 |
| **Reconciliation of Net income attributable to TransUnion to Consolidated Adjusted EBITDA:** |  |
| Net income attributable to TransUnion | $704.5 |
| Net interest expense | 209.9 |
| Provision for income taxes | 159.7 |
| Depreciation and amortization | 588.2 |
| **EBITDA** | $1662.3 |
| **Adjustments to EBITDA:** |  |
| &nbsp;&nbsp;Stock-based compensation | $152.8 |
| &nbsp;&nbsp;Mergers and acquisitions, divestitures and business optimization<sup>1</sup> | (220.2) |
| &nbsp;&nbsp;Accelerated technology investment<sup>2</sup> | 64.4 |
| &nbsp;&nbsp;Operating model optimization program<sup>3</sup> | 22.4 |
| &nbsp;&nbsp;Net other<sup>4</sup> | 4.9 |
| **Total adjustments to EBITDA** | $24.4 |
| Consolidated Adjusted EBITDA | 1686.7 |
| Adjusted EBITDA for Pre-Acquisition Period<sup>5</sup> | 72.1 |
| **Leverage Ratio Adjusted EBITDA** | $1758.7 |
| Total debt | $5607.4 |
| Less: Cash and cash equivalents | 732.5 |
| Net Debt | $4874.9 |
| Ratio of Net Debt to Net income attributable to TransUnion | 6.9 |
| Leverage Ratio<sup>6</sup> | 2.8 |

---

As a result of displaying amounts in millions, rounding differences may exist in the table above.

&nbsp;&nbsp;&nbsp;&nbsp;1.Mergers and acquisitions, divestitures and business optimization consisted of the following adjustments:

---

| | |
|:---|:---|
| | Trailing Twelve Months Ended<br> March 31, 2026 |
| Transaction and integration costs | $17.2 |
| Fair value and impairment adjustments | (236.7) |
| Post-acquisition adjustments | (0.7) |
| Total mergers and acquisitions, divestitures and business optimization | $(220.2) |

---

Fair value and impairment adjustments includes the gain on our acquisition of Trans Union de Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;2.Represents expenses associated with our accelerated technology investment to migrate to the cloud. There are three components of the accelerated technology investment: (i) building foundational capabilities which includes establishing a modern, API-based and services-oriented software architecture, (ii) the migration of each application and customer data to the new enterprise platform, including the redundant software costs during the migration period, as well as the efforts to decommission the legacy system, and (iii) program enablement, which includes dedicated resources to support the planning and execution of the program. The amounts for each category of cost are as follows:

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| | Trailing Twelve Months Ended<br> March 31, 2026 |
| Foundational Capabilities | $11.4 |
| Migration Management | 53.1 |
| Total accelerated technology investment | $64.4 |

---

&nbsp;&nbsp;&nbsp;&nbsp;3.Operating model optimization consisted of the following adjustments:

---

| | |
|:---|:---|
| | Trailing Twelve Months Ended<br> March 31, 2026 |
| Employee separation | $6.8 |
| Business process optimization | 15.6 |
| Total operating model optimization | $22.4 |

---

&nbsp;&nbsp;&nbsp;&nbsp;4.Net other consisted of the following adjustments:

---

| | |
|:---|:---|
| | Trailing Twelve Months Ended<br> March 31, 2026 |
| Other debt financing expenses | $2.1 |
| Currency remeasurement on foreign operations | 2.6 |
| Other non-operating (income) and expense | 0.2 |
| Total other adjustments | $4.9 |

---

&nbsp;&nbsp;&nbsp;&nbsp;5.The trailing twelve months ended March 31, 2026 includes Adjusted EBITDA related to Trans Union de Mexico prior to our acquisition in March 2026.

&nbsp;&nbsp;&nbsp;&nbsp;6.We define Leverage Ratio as net debt divided by Leverage Ratio Adjusted EBITDA as shown in the table above.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**SCHEDULE 6**

**TRANSUNION AND SUBSIDIARIES**

**Segment Depreciation and Amortization (Unaudited)**

(in millions)

---

| | | |
|:---|:---|:---|
| | Three Months Ended March 31, | Three Months Ended March 31, |
| | 2026 | 2025 |
| U.S. Markets | $108.5 | $101.2 |
| International | 42.9 | 36.6 |
| Corporate | 0.8 | 1.1 |
| Total depreciation and amortization | $152.3 | $138.9 |

---

As a result of displaying amounts in millions, rounding differences may exist in the table above.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**SCHEDULE 7**

**TRANSUNION AND SUBSIDIARIES**

**Reconciliation of Non-GAAP Guidance (Unaudited)**

(in millions, except per share data)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2026 | Twelve Months Ended December 31, 2026 | Twelve Months Ended December 31, 2026 |
| | Low | High | Low | High |
| **Guidance reconciliation of Net income attributable to TransUnion to Adjusted EBITDA:** |  |  |  |  |
| Net income attributable to TransUnion | $120 | $125 | $790 | $804 |
| Interest, taxes and depreciation and amortization | 272 | 273 | 1071 | 1076 |
| EBITDA | $392 | $398 | $1860 | $1881 |
| Stock-based compensation, mergers, acquisitions divestitures and business optimization-related expenses and other adjustments<sup>1</sup> | 47 | 47 | (65) | (65) |
| Adjusted EBITDA | $439 | $445 | $1796 | $1816 |
| Net income attributable to TransUnion margin | 9.5% | 9.7% | 15.5% | 15.7% |
| Consolidated Adjusted EBITDA margin<sup>2</sup> | 34.5% | 34.7% | 35.2% | 35.4% |
| **Guidance reconciliation of Diluted earnings per share to Adjusted Diluted Earnings per Share:** |  |  |  |  |
| Diluted earnings per share | $0.61 | $0.64 | $4.04 | $4.11 |
| Adjustments to diluted earnings per share<sup>1</sup> | 0.51 | 0.51 | 0.64 | 0.64 |
| Adjusted Diluted Earnings per Share | $1.13 | $1.15 | $4.68 | $4.75 |

---

As a result of displaying amounts in millions, rounding differences may exist in the table above.

&nbsp;&nbsp;&nbsp;&nbsp;1.These adjustments include the same adjustments we make to our Adjusted EBITDA and Adjusted Net Income as discussed in the Non-GAAP Financial Measures section of our Earnings Release.

&nbsp;&nbsp;&nbsp;&nbsp;2.Consolidated Adjusted EBITDA margin is calculated by dividing Consolidated Adjusted EBITDA by total revenue.

## Exhibit 99.2

![](exhibit9923312026001.jpg)

First Quarter 2026 Earnings April 28, 2026 Chris Cartwright, President and CEO Todd Cello, CFO Exhibit 99.2

------

![](exhibit9923312026002.jpg)

2© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. Non-GAAP Financial InformationForward-Looking Statements This investor presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of TransUnion's management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Factors that could cause TransUnion's actual results to differ materially from those described in the forward-looking statements include: macroeconomic effects and changes in market conditions, including the impact of tariffs, inflation, risk of recession, trade policy, and industry trends and adverse developments in the debt, consumer credit and financial services markets, including the impact on the carrying value of our assets in all of the markets where we operate; ongoing conflict in the Middle East; our ability to provide competitive services and prices; our ability to retain or renew existing agreements with large or long-term customers; our ability to maintain the security and integrity of our data; our ability to deliver services timely without interruption; uncertainty related to FICO's new Mortgage Direct License Program; our ability to maintain our access to data sources; government regulation and changes in the regulatory environment; litigation or regulatory proceedings; our approach to the use of artificial intelligence; our ability to effectively manage our costs; our ability to maintain effective internal control over financial reporting or disclosure controls and procedures; economic and political stability in the United States and risks associated with the international markets where we operate; our ability to effectively develop and maintain strategic alliances and joint ventures; our ability to timely develop new services and the market's willingness to adopt our new services; our ability to manage and expand our operations and keep up with rapidly changing technologies; our ability to acquire businesses, successfully secure financing for our acquisitions, timely consummate our acquisitions, successfully integrate the operations of our acquisitions, control the costs of integrating our acquisitions and realize the intended benefits of such acquisitions; our ability to protect and enforce our intellectual property, trade secrets and other forms of unpatented intellectual property; our ability to defend our intellectual property from infringement claims by third parties; the ability of our outside service providers and key vendors to fulfill their obligations to us; further consolidation in our end-customer markets; the increased availability of free or inexpensive consumer information; losses against which we do not insure; our ability to make timely payments of principal and interest on our indebtedness; our ability to satisfy covenants in the agreements governing our indebtedness; our ability to maintain our liquidity; stock price volatility; share repurchase plans; dividend rate; our reliance on key management personnel; and changes in tax laws or adverse outcomes resulting from examination of our tax returns; and other one-time events and other factors that can be found in our Annual Report on Form 10-K for the year ended December 31, 2025, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are filed with the SEC and are available on TransUnion's website (www.transunion.com/tru) and on the SEC's website (www.sec.gov). TransUnion undertakes no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this investor presentation. This investor presentation includes certain non-GAAP measures that are more fully described in the appendices to the presentation. Exhibit 99.1, "Press release of TransUnion dated April 28, 2026, announcing results for the quarter and year ended December 31, 2025," under the heading 'Non- GAAP Financial Measures,'" furnished to the Securities and Exchange Commission on April 28, 2026. These financial measures should be reviewed in conjunction with the relevant GAAP financial measures and are not presented as alternative measures of GAAP. Other companies in our industry may define or calculate these measures differently than we do, limiting their usefulness as comparative measures. Because of these limitations, these non-GAAP financial measures should not be considered in isolation or as substitutes for performance measures calculated in accordance with GAAP. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures for each of the periods included in this presentation are included in the Appendices at the back of this investor presentation.

------

![](exhibit9923312026003.jpg)

3© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. First quarter 2026 highlights1 AI-powered products and growth2 3@ Copyright 2026 Tran Union, its ubsidiaries and/or affiliates. All Rights Reserved. First quarter 2026 financial results3 Second quarter and full-year 2026 guidance4

------

![](exhibit9923312026004.jpg)

4© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. \*Revenue growth figures referenced above are organic constant currency. 1 On March 2, 2026, TransUnion acquired approximately a 68% equity interest in Trans Union de Mexico resulting in total ownership of approximately 94%. Subsequent to quarter-end, on April 1, 2026, TransUnion acquired the mobile division of RealNetworks. For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. International revenue flat\*, as anticipated, led by high-single digit growth in Canada and the U.K., and Africa +10% U.S. Markets revenue +14%\* with strength across Financial Services (+24%) and Emerging Verticals (+6%) Organic constant currency revenue +11%\* or +7% ex- FICO mortgage royalty Adjusted Diluted EPS +12% Exceeded guidance on revenue, Adjusted EBITDA and Adjusted Diluted EPS Completed acquisition of Trans Union de Mexico1 Repurchased $25M in shares through mid-April First quarter 2026 highlights

------

![](exhibit9923312026005.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 55 Lenders entered 2026 with cautious optimism for credit growth, supported by strong balance sheets and healthy consumer finances Monitoring market dynamics; continuing to drive innovation-led scalable growth 2026 priorities • Deliver record innovation cohort • Complete U.S. credit migrations • Deploy OneTru and leading products globally TransUnion revenue and volumes remain stable through mid- April; with strong execution driving Q1 beat Geopolitics add incremental uncertainty around inflation, interest rates and impact on consumers Market perspectives

------

![](exhibit9923312026006.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 66  3rd straight year of high-single digit organic revenue growth and double-digit Adjusted Diluted EPS growth  50-70bps of underlying margin expansion excluding FICO mortgage royalties and acquisitions  Trans Union de Mexico is accretive to Adjusted Diluted EPS in 2026 Revenue Adjusted EBITDA Adjusted Diluted Earnings Per Share Metric Updated Guidance Change to High-end Expectations $5,100M to $5,135M 8% to 9% organic constant currency $1,796M to $1,816M 9% to 10% growth 35.2% to 35.4% margin $4.68 to $4.75 9% to 11% growth $154M $39M $0.04 Maintaining organic growth guidance, balancing Q1 strength with macro uncertainty and prudent conservatism For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. Guidance increased primarily for Trans Union de Mexico acquisition

------

![](exhibit9923312026007.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 7 AI solidifies our strengths and fuels growth AI-enabled customers consume more data and adopt innovation rapidly  Increase predictivity of our data and models Capture value with AI agents by performing work done upstream by customers or software Contributory credit databases Non-public, highly regulated data furnished by thousands of institutions + Industry-leading identity graph Proprietary data, 100k+ sources, network effect from fraud and marketing solutions + Powering critical workflows Governable, explainable and deterministic solutions along with deep domain expertise Durable data advantage AI-enabled organization AI-native OneTru platform Enhancing data onboarding, identity resolution, analytics and delivery + Next-gen AI-powered solutions Role-based agents for TruIQ; new fraud models; curated marketing audiences + Internal productivity Technology, analytics and overall commercial efficiencies + Solutions priced at basis points of their enormous value Making us higher performing and more efficient Positioned for AI- powered growth: Today's Spotlights

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![](exhibit9923312026008.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 8 AI-enabled customers consume more data and adopt innovation more rapidly Leading Fintech Top 5 Credit Card Issuer Revenue outpacing loan growth and volumetric pricing as customer embeds AI across underwriting, portfolio management and fraud prevention • Expanded use of credit, identity and fraud signals within AI- enabled workflows • Faster model refreshes driving higher credit volumes Mission-critical data partner powering expansive AI-enabled governance and engagement workflows for 50M+ account relationships • Daily customer engagement and risk triggers rather than periodic checks, increasing data consumption • Multi-year, subscription-based contract with opportunity to sell additional credit and non-credit solutions ~$15M 2022 2025 TransUnion revenue 60%+ 2022 2025 Loan issuance +50% ~$20M 2022 2025 TransUnion revenue 20%+ 2022 2025 Card originations (DD%)

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![](exhibit9923312026009.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 9 Next-gen AI-powered solutions scale innovation and drive higher data consumption Credit Marketing  Stickier customer relationships and increased data usage  Scaled data science capacity vs. bespoke Innovation Labs  Lower support and development costs  Accelerated activation cycles driving increased data usage  Enhanced search and discovery through self-service portals  Improved efficiency and sales conversion  2-3x faster fraud model creation enabling rapid revenue realization  Continuous response to evolving fraud vectors  Strong and fast-growing pipeline from newest models TruIQ Analytics Orchestrator Audiences by TransUnion AI Model Factory Modeling with natural language prompts to enable governable, explainable and deterministic workflows Expanded and curated targeting rooted in TransUnion's identity graph Accelerated response to new fraud vectors leveraging unified identity data and AI Fraud (leveraging Google Gemini models)

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![](exhibit9923312026010.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 10 Consolidated first quarter 2026 highlights For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. Reported ($M) Y/Y Change Revenue $1,246 14% Organic constant currency revenue 11% Organic constant currency revenue ex. FICO mortgage royalties 7% Adjusted EBITDA $438 10% Adjusted EBITDA margin 35.2% (100)bps Adjusted Diluted EPS $1.18 12% • Broad-based organic constant currency growth across solutions families: - Credit +high-single digit ex- FICO mortgage royalties - Fraud +high-single digit - Marketing +mid-single digit - Consumer +low-single digit • Adjusted EBITDA margin ~(100)bps includes: - (10)bps underlying, as anticipated - (120)bps impact from FICO mortgage royalties - +25bps benefit from acquisitions

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![](exhibit9923312026011.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 11 U.S. Markets first quarter 2026 highlights Note: Rows may not foot due to rounding. For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. • U.S. Financial Services +24%, or +14% excluding FICO mortgage royalties - Card & Banking +5% - Consumer Lending +13% - Auto +11% - Mortgage +50% (+24% ex-FICO royalties) vs. inquiries up 7% • Emerging Verticals +6%, with Insurance up double-digits and Public Sector up high-single digit • Consumer Interactive flat with growth in the indirect channel Reported ($M) Reported Y/Y FX Impact Inorganic Impact Organic Constant Currency Revenue $975 14% – – 14% Financial Services 501 24% – – 24% Emerging Verticals 335 6% – – 6% Consumer Interactive 140 1% – 1% 0% Adjusted EBITDA $357 11% – – 11% \*Revenue growth figures referenced above are organic constant currency.

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![](exhibit9923312026012.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 12 International first quarter 2026 highlights Note: Rows may not foot due to rounding. For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. Reported ($M) Reported Y/Y FX Impact Inorganic Impact Organic Constant Currency Revenue $274 13% 3% 10% 0% Canada 43 14% 5% – 9% Latin America 54 64% 8% 56% 0% U.K. 72 23% 8% 8% 7% Africa 21 23% 14% – 10% India 62 (10%) (5%) – (5%) Asia Pacific 22 (18%) – – (18%) Adjusted EBITDA $122 11% 3% 10% (2%) \*Revenue growth figures referenced above are organic constant currency. • U.K. +7% healthy banking and FinTech volumes • Canada +9% broad-based growth in banking, FinTech, insurance and consumer • Africa +10% strength across banking, FinTech, retail • India (5%) with gradual improvement expected over course of the year

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![](exhibit9923312026013.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 13 Natural de-levering and accretive capital deployment Shareholder-friendly capital allocation2 Strong balance sheet 1We define Leverage Ratio as net debt divided by Consolidated Adjusted EBITDA for the most recent twelve-month period including twelve months of Adjusted EBITDA from significant acquisitions. Net debt is defined as total debt less cash and cash equivalents as reported on the balance sheet as of the end of the period. Total debt is netted for deferred financing fees / original issue discount. 2"Acquisitions" includes investments in consolidated and non-consolidated affiliates, purchases of non-controlling interests and purchases of notes receivable. "Repurchases" represents the cost to acquire shares excluding commissions and excise taxes. "Dividends" represents amounts paid to TransUnion shareholders. Note: For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. 3.8x 3.6x 3.0x 2.6x 2.8x 2022 2023 2024 2025 Q1 2026 Q1 capital deployment • Acquisitions: ~$660 million for incremental ~68% ownership of Trans Union de Mexico • Share repurchases: $25 million year-to-date through April; $325 million total since 2025 – Ample capacity against current $1 billion authorization – Expect to increase pace of repurchases over 2026 • Dividends: Paid $25 million ($0.125 per share) in the quarter • Expect deleveraging over course of 2026 toward target <2.5x Leverage Ratio Mexico adds <0.3x Leverage Ratio1

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![](exhibit9923312026014.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 14 Reported Revenue: $1,271M to $1,283M +12% to +13% M&A contribution: ~4pt. benefit FX contribution: Immaterial Organic Constant Currency Revenue: +8% to +9% FICO mortgage royalty impact ~3pt. benefit Organic CC Revenue ex. FICO mortgage royalty: +5% to +6% Adjusted EBITDA: $439M to $445M +8% to +9% FX contribution: Immaterial Adjusted EBITDA margin: 34.5% to 34.7% Adjusted EBITDA margin bps change: (120)bps to (100)bps Adjusted Diluted EPS: $1.13 to $1.15 +4% to +6% Second quarter 2026 guidance Note: For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. • Mortgage expected to grow 30%+ or 10%+ excluding FICO mortgage royalty, compared to mid-single digit inquiry declines • (120)bps to (100)bps of margin contraction includes: – +20-40bps of underlying margin expansion – (80bps) impact from FICO no- margin royalty – (60bps) impact from acquisitions, inclusive of integration expenses

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![](exhibit9923312026015.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 15 Full-year 2026 revenue guidance Reported Revenue: $5.100B to $5.135B +11% to 12% M&A contribution: ~3.5pt. benefit FX contribution: Immaterial Organic Constant Currency Revenue: +8% to +9% FICO mortgage royalty impact ~3pt. benefit Organic CC Revenue ex. FICO mortgage royalty: +5% to +6% Organic Constant Currency Growth Assumptions • U.S. Markets up high-single digit (up mid-single digit ex. FICO mortgage royalty) – Financial Services up mid-teens (up high-single digit ex. FICO mortgage royalty) – Emerging Verticals up mid-single digit – Consumer Interactive down low-single digit • International up mid-single digit (constant currency) Note: For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. • Guidance maintains prudent conservatism: – Maintaining organic growth assumptions – balancing Q1 strength against macro uncertainty – Raising guidance for acquisitions – Positioned to perform at or above the high-end of guidance if conditions persist • No change to segment-level assumptions – Mortgage expected to grow +28% or +6% excluding FICO mortgage royalty, compared to mid-single digit inquiry declines

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![](exhibit9923312026016.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 16 The adjusted tax rate guidance of ~25.5% reflects expected full year GAAP effective rate of ~19% plus the elimination of discrete adjustments and other items totaling ~6.5%. For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. Full-year 2026 Adjusted EBITDA, Adjusted Diluted EPS and other guidance Adjusted EBITDA: $1.796B to $1.816B +9% to +10% FX contribution: Immaterial Adjusted EBITDA margin: 35.2% to 35.4% Adjusted EBITDA margin bps change: (80)bps to (60)bps Adjusted Diluted EPS: $4.68 to $4.75 +9% to +11% Total D&A: ~$640M D&A ex. step-up from 2012 change in control and subsequent acquisitions: ~$320M Net Interest Expense: ~$245M Adjusted Tax Rate: ~25.5% CapEx: ~6% of revenue • (80)bps to (60)bps of Adjusted EBITDA margin contraction includes: – +50-70bps underlying margin expansion (unchanged), driven by revenue growth and remaining transformation savings – (90bps) impact from FICO no- margin royalty – (40bps) impact from acquisitions • Expect 90%+ free cash flow conversion as a percentage of Adjusted Net Income

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![](exhibit9923312026017.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 17 Bridge to updated FY 2026 guidance (based on high-end) \*Acquisitions include Trans Union de Mexico and the mobile division of Real Networks. For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. Revenue ($ million) Adjusted EBITDA ($ million) Adjusted Diluted EPS 4,981 5,135 169 (15) Feb guide Acquisitions\* FX April guide 1,777 1,816 48 (9) Feb guide Acquisitions\* FX April guide $4.71 $4.75 4c -- Feb guide Acquisitions\*, net of financing FX, tax, SOFR, other April guide 35.4% margin35.7% margin +9% organic CC +9% organic CC +11% y/y+10% y/y • Organic constant currency assumptions unchanged • Expect good growth from TransUnion de Mexico following double-digit growth in 2024 and 2025 • TransUnion de Mexico operates at margins above company average; margin dilutive in 2026 due to: – Revenue consolidation: previously accounted for ~26% ownership under equity method ($17M of Adjusted EBITDA in 2025 with no associated revenue) – One-time integration expenses • Expect 4 cent accretion from TransUnion de Mexico • Now expect $245M net interest expense; +$20M due to Mexico financing and +$5M higher SOFR • Now expect Adjusted Tax Rate of 25.5% (26% prior)

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![](exhibit9923312026018.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 18 High-single digit Organic revenue growth Diversified across solutions, verticals and geographies • Leading Credit growth and accelerating Marketing, Fraud and Consumer solutions • Premier international portfolio tilted towards emerging markets • Mortgage and lending normalization represents upside For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. ~50 basis points Adjusted EBITDA expansion Expand margins while investing for growth • Structural savings from technology, operations and AI • Invest in OneTru global rollout, innovation and go-to-market • Stronger margin expansion in lending recovery Low-to-mid teens Adjusted Diluted EPS growth Includes benefit from accelerated capital deployment • Disciplined and shareholder-centric capital allocation • Lower capital intensity • Consistent tax rate • 90%+ free cash flow conversion Growth and margins excludes impact from changes in no-margin FICO mortgage royalties Attractive medium-term financial framework

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![](exhibit9923312026019.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 19 Our next era of scalable growth and compounding cash flow Industry-leading Durable Innovation-led Growth investments Shareholder return Balance sheet optimization Value Creation Technology modernization AI productivity Operating model optimization 19

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![](exhibit9923312026020.jpg)

20© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. Advancing VantageScore 4.0 to foster a competitive and innovative mortgage credit scoring ecosystem Key milestones for VantageScore adoption TransUnion committed to driving adoption Delivering value across the mortgage ecosystem • Fannie Mae and Freddie Mac accepting VantageScore 4.0 • Freddie Mac took delivery of $10M of VantageScored loans; expected to securitize soon • VantageScore 4.0 pricing guidelines are being communicated by GSEs; 21 lenders in initial program • VantageScore soon to be accepted for FHA loans • Industry's first 99-cent VantageScore 4.0 pricing • Multi-year pricing for credit report and VantageScore 4.0 • Free VantageScore 4.0 to customers who purchase FICO score through end of 2026 • Free VantageScore 4.0 credit score simulator • Reduced costs for lenders and consumers, as score competition provides $1B in potential savings • Increased credit access; first mortgage score using trended data to score 33M previously credit-invisible consumers • Fair and effective mortgage underwriting, driven by the quality and depth of data

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![](exhibit9923312026021.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 21 Expecting a strong 2026 with +8% to +9% organic constant currency revenue growth and +9% to +11% Adjusted Diluted EPS growth Delivered robust Q1 with +11% organic constant currency revenue growth and +12% Adjusted Diluted EPS growth AI continues to drive growth, with increased demand for our data and accelerated innovation Note: For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation.

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![](exhibit9923312026022.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 22 Q&A

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![](exhibit9923312026023.jpg)

Appendices and Non-GAAP Reconciliations

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![](exhibit9923312026024.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 24 Strong and broad-based revenue growth Expect to deliver underlying mortgage growth in 2026 ~70bps of underlying margin expansion Mortgage Assumptions Mortgage assumptions • Revenue growth of 6% excluding FICO royalty cost, compared to inquiries down mid-single digit – driven by pricing on core data and new business wins – Revenue up 28% inclusive of FICO price increases (no-margin) • No shift to FICO Direct program in 2026 based on customer feedback – Program adds new operational complexities for resellers; no customer shift to date – Profitability per pull is similar regardless of TransUnion or reseller calculating the FICO score • VantageScore adoption represents attractive long-term opportunity – Constructive early discussions with customers; 2026 as transitional year focused on testing and validating $405M ~$425M $183M ~$325M $589M ~$750M 2025 2026F FICO royalty cost Revenue less FICO royalty cost$98M $121M $45M $93M$143M $215M Q1 2025 Q1 2026

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![](exhibit9923312026025.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 25 Strong and broad-based revenue growth Consistent underlying Adjusted EBITDA margin expansion 2025\* 2026F (High-end) 10% 9% 9% 6% 35.1% 36.0% 36.0% 35.4% 35.8% 37.1% 37.5% 37.8% 2023 2024 2025 2026F (High-end) Reported Adj. EBITDA Margin Adj. EBITDA Margin ex FICO cost in mortgage8% 7% 2024\* Organic constant currency revenue growth Growth ex FICO mortgage royalty +70bps of underlying expansion; (40)bps acquisition impact \*2024 and 2025 also normalized for large 1x breach win in Q3 2024 For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. Mortgage Assumptions Strong revenue growth and margin expansion expected excluding FICO no-margin mortgage royalty

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![](exhibit9923312026026.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 26 Significant earnings potential from mortgage recovery Sizable mortgage profit despite depressed volumes Originations and distribution of mortgages based on TransUnion Consumer Credit Database. \*FY 2025F Mortgage originations reflects trailing-twelve- month originations from Q4 2025 7.8 5.0 FY 2019 FY 2025 Industry originations (M) $425M $325M FY 2026F Mortgage revenue ($M) Significant refinancing opportunity if rates fall 0.8 10.3 15.5 7.7 5.2 10.4 0-2% 2-3% 3-4% 4-5% 5-6% 6%+ Distribution of mortgages (in millions) in the U.S. by rate Earnings potential from a mortgage recovery • Every 10% increase in mortgage volume adds: – ~$43 million to Adjusted EBITDA – +$0.16 to Adjusted Diluted EPS • Full recovery to 2019 mortgage levels translates to: – ~$240 million to Adjusted EBITDA – +$0.90 to Adjusted Diluted EPS • Additional profit and margin upside from VantageScore adoption, new business wins and pricing FICO royalty cost Revenue less FICO royalty cost For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. Mortgage Assumptions

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![](exhibit9923312026027.jpg)

27© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. Debt profile and 2026F interest expense bridge Debt Profile (3/31/26) 2026F Net Interest Expense Bridge Notional ($B) Expiry Rate Revolver & Term Loan Tranche Revolver 0.5 Jun'29 SOFR + 1.25% Term Loan A-4 1.2 Jun'29 SOFR + 1.25% Term Loan B-5 0.1 Nov'26 SOFR + CSA + 1.75% Term Loan B-9 1.8 Jun'31 SOFR + 1.75% Term Loan B-8 1.9 Jun'31 SOFR + 1.75% Swaps\* December 2021 1.5 Dec'26 Receive SOFR, Pay 1.39% December 2024 1.1 Dec'27 Receive SOFR, Pay 3.54% June 2025 1.2 Dec'27 Receive SOFR, Pay 3.49% • ~68.5% of debt is currently swapped to fixed rate • 2026 net interest expense guidance assumes no additional debt prepayment or incremental debt Debt / Interest Expense $203M ~$245M $5M ~($17M) ~($22M) ~($9M) 2025 Net Interest Expense Prepayments Interest Income RCF Borrowing SOFR, Hedges, Other 2026F Net Interest Expense

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![](exhibit9923312026028.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 28 Credit 56% Consumer 15% Marketing 11% Fraud 16% Other 2% Credit 52% Consumer 16% Marketing 13% Fraud 17% Other 2% Credit 71% Consumer 12% Marketing 2% Fraud 15% + = Revenue by Solution Family (FY 2025) U.S. Markets ($3.6 billion) International ($1.0 billion) Total Company ($4.6 billion) Note – "All Other" includes products sold for specific uses cases outside of Credit, Consumer, Marketing and Fraud Solutions. Business Mix Details

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![](exhibit9923312026029.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 29 U.S. Markets revenue composition (FY 2025) Card & Banking 27% Consumer Lending 21% Mortgage 35% Auto 17% Insurance 29% Tech, Retail & E- Commerce 22% Tele- Communications 19% Media 15% Tenant & Employment Screening 6% Collections 5% Public Sector 4% Direct 27% Indirect 73% Financial Services (~$1.7 billion) Emerging Verticals (~$1.3 billion) Consumer Interactive (~$0.6 billion) Business Mix Details

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![](exhibit9923312026030.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 30 Foundational differentiation – proprietary data, OneTru and domain expertise – creates a clear right to win 1 Interrelated Credit, Marketing, Fraud and Consumer Solutions solve customers' most pressing needs 2 Accelerated innovation and scalable growth enabled by our transformation 3 4 AI is an accelerant, enhancing customer impact, innovation and productivity 5 Compelling and compounding earnings power and shareholder- centric capital return Positioned to deliver innovation-led and scalable growth 30 TransUnion – Investment Highlights

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![](exhibit9923312026031.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 31 Free cash flow is defined as Cash Flow from Operations less Capex. \*FCF in 2022 excludes ~$350M cash tax payment related to gain on sale of Healthcare business. Note: Year-end 2025 Leverage Ratio does not include the acquisition of Trans Union de Mexico, which closed on March 2, 2026, and adds <0.3x to Leverage Ratio ~100% ~60% 90%+ 2019-2021 2022-2025 2026+ 3.5x 2.6x <2.5x YE 2021 YE 2025 Medium-term Strong Free Cash Flow Optimized Balance Sheet + Free cash flow as a percentage of Adjusted Net Income Leverage Ratio ~$3 billion of free cash flow expected from 2026 to 2028 Strong free cash flow and increased capacity for capital deployment For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. 31 Capital Allocation

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![](exhibit9923312026032.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 32 For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. Increasing bias going forward ~$3B free cash flow expected from 2026-2028 2026F 2027F 2028F ~$0.9B ~$1.0B ~$1.1B Free cash flow ObjectiveCategory Shareholder returns Balance sheet M&A • Not seeking large, transformative M&A • Bolt-on M&A aligned to growth strategy • Glide path to investment grade rating • Execute refinancings and prepayments • 10%-15% dividend payout ratio • Repurchase shares Accelerated capital deployment supporting low-to-mid teens Adjusted Diluted EPS growth Capital Allocation

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![](exhibit9923312026033.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 33 Strategic Focus for M&A Financial Considerations M&A is an important strategic tool, but strength of portfolio creates a high bar • Transformation supports a generation of growth • Not seeking large, transformational M&A Focus for bolt-on M&A and minority investments: • Foreign credit bureaus • Data assets centered around consumer identity • Complementary capabilities for core solutions M&A evaluated against all alternatives to maximize long-term free cash flow per share Key financial guideposts: Attractive cash-on-cash return and unlevered IRR exceeding cost of capital Additive to revenue growth rate Strong profitability with path to scale to company- level margins Accretive to Adjusted Diluted EPS by Year 2 Ability to return to target leverage within one year M&A approach aligned to growth strategy For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. 33 Capital Allocation

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![](exhibit9923312026034.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 34 Low-to-mid teens growth $4.71 $0.90+ 2026 guide (high-end) Adjusted EBITDA growth Capital deployment 2028F using medium-term algorithm Mortgage recovery to 2019 levels Normalized earnings power $6.00+ 39%+ Adjusted EBITDA margin ex FICO mortgage royalty 40%+ Adjusted EBITDA margin ex FICO mortgage royalty $7.00+ with mortgage recovery Illustrative 2028F Adjusted Diluted EPS financial framework assuming mortgage recovery Upside not contemplated in $7.00+ "mortgage recovery" scenario Normalization of non-mortgage lending volumes VantageScore adoption Scaling of platforms and solutions Strong growth algorithm with sources of upside For additional information, refer to the "Non-GAAP Financial Information" section on slide 2 and the Appendix at the back of this investor presentation. 34 AI-enabled growth and productivity Illustrative Financial Framework

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![](exhibit9923312026035.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 35 Adjusted EBITDA and Adjusted EBITDA Margin

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![](exhibit9923312026036.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 36 Adjusted Net Income and Adjusted Diluted EPS

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![](exhibit9923312026037.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 37 Adjusted Effective Tax Rate

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![](exhibit9923312026038.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 38 Leverage Ratio

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![](exhibit9923312026039.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 39 Non-GAAP Adjustment Footnotes As a result of displaying amounts in millions, rounding differences may exist in the tables and footnotes. 1. Consists of amortization of intangible assets from our 2012 change-in-control transaction and amortization of intangible assets established in business acquisitions after our 2012 change-in-control transaction. 2. Mergers and acquisitions, divestitures and business optimization consisted of the following adjustments: 3. Represents expenses associated with our accelerated technology investment to migrate to the cloud. There are three components of the accelerated technology investment: (i) building foundational capabilities which includes establishing a modern, API-based and services-oriented software architecture, (ii) the migration of each application and customer data to the new enterprise platform, including the redundant software costs during the migration period, as well as the efforts to decommission the legacy system, and (iii) program enablement, which includes dedicated resources to support the planning and execution of the program. The amounts for each category of cost are as follows:

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![](exhibit9923312026040.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 40 Non-GAAP Adjustment Footnotes 4. Operating model optimization consisted of the following adjustments: 5. Net other consisted of the following adjustments: 6. Consolidated Adjusted EBITDA margin is calculated by dividing Consolidated Adjusted EBITDA by total revenue. 7. Total adjustments for income taxes represents the total of adjustments discussed to calculate the Adjusted Provision for Income Taxes. 8. Other adjustments for income taxes include: 9. The trailing twelve months ended March 31, 2026 includes Adjusted EBITDA related to Trans Union de Mexico prior to our acquisition in March 2026. 10. We define Leverage Ratio as net debt divided by Leverage Ratio Adjusted EBITDA as shown in the table above.

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![](exhibit9923312026041.jpg)© 2026 TransUnion, its subsidiaries and/or affiliates. All Rights Reserved. 41 Adjusted EBITDA and Adjusted EPS Guidance As a result of displaying amounts in millions, rounding differences may exist in the table. 1. These adjustments include the same adjustments we make to our Adjusted EBITDA and Adjusted Net Income as discussed in the Non-GAAP Financial Measures section of our Earnings Release. 2. Consolidated Adjusted EBITDA margin is calculated by dividing Consolidated Adjusted EBITDA by total revenue.

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