Transunion filed its 10-Q with the SEC, and its figures are now in our data. Revenue over the twelve months to Q3 2026 was $5.0 billion, which rose 13.4% on the year before. That growth rate was up 1.1 percentage points on the rate a quarter earlier.
Source: SEC EDGAR XBRL company facts. Latest period shown: FY26 Q3.
View chart data
| Period | Revenue growth, TTM YoY | Operating margin (TTM) | FCF margin (TTM) |
|---|---|---|---|
| FY24 Q4 | 9.2% | 15.9% | 12.3% |
| FY25 Q1 | 8.8% | 17.9% | 12.0% |
| FY25 Q2 | 9.3% | 17.8% | 11.4% |
| FY25 Q3 | 8.3% | 18.6% | 13.0% |
| FY25 Q4 | 9.4% | 18.7% | 14.5% |
| FY26 Q1 | 11.0% | 17.9% | 14.7% |
| FY26 Q2 | 12.4% | 18.7% | 16.1% |
| FY26 Q3 | 13.4% | 19.3% | 18.1% |
The main points
Net income rose 89.8% over the year while free cash flow rose 58.1%, indicating that reported profit and cash are moving at different speeds.
Profitability
Reported profit is running well ahead of the cash. The trailing operating margin was 19.3%, up 0.7 percentage points from a year earlier, while the trailing net margin was 15.8%. Net income over the twelve months was $797.9 million, which rose 89.8% on the year before.
Where the cash went
The cash flow statement shows growth. Operating cash flow over the twelve months was $1.2 billion, up 31.0% on the year before, while capital spending was $298.0 million, or 5.9% of revenue. Free cash flow, operating cash flow less capital spending, was $910.1 million, up 58.1% on the year before. The free-cash-flow margin stood at 18.1% of revenue, up 5.1 percentage points from a year earlier.
Shares outstanding
The average diluted share count fell 2.0% over the year.
How today compares
In the context of past results: today’s free-cash-flow margin of 18.1% is higher than 79% of the company’s own past quarterly readings, which have ranged from −1.2% to 25.6%. Today’s operating margin of 19.3% is higher than 61% of past readings (3.4% to 24.2%). Today’s twelve-month revenue growth rate of 13.4% is higher than 60% of past readings (−4.7% to 27.4%).
Guidance
The company gave its three months ended september 30, 2026 guidance for revenue, as reported of $1,292.0 million to $1,310.0 million, and for net income attributable to transunion of $132.0 million to $138.0 million. The company gave its twelve months ended december 31, 2026 guidance for revenue, as reported of $5,127.0 million to $5,162.0 million, and for net income attributable to transunion of $807.0 million to $821.0 million.
What it means for our valuation
These trends feed directly into what the shares are worth in our model. In our model, growth 5 percentage points lower would lower the value by 28.1%, and 5 percentage points higher would raise it by 36.3%. A free-cash-flow margin 1 percentage point lower would lower it by 5.2%.
What comes next
The next filing will show whether the trends above continue, slow or reverse.
