Equifax Strengths, Domain Expertise, and Key Differentiators
Equifax is well-positioned for future growth through its robust suite of compliance-driven solutions that support HR, payroll, tax, and Affordable Care Act management. By enabling organizations to improve operational efficiency, reduce administrative costs, and navigate complex regulatory environments, Equifax reinforces its role as a strategic partner in enterprise compliance. This value proposition aligns with increasing market demand for streamlined compliance processes and positions Equifax to capitalize on ongoing shifts in workforce and regulatory dynamics.
Equifax Recent Developments
Equifax added a virtual component to its acclaimed I-9 Anywhere solution. This enhancement aims to empower eligible employers with the flexibility to streamline their onboarding processes and elevate the new hire experience. The introduction of the virtual option complements Equifax's existing I-9 Anywhere in-person process, offering employers greater flexibility and convenience in completing necessary employment documentation.
Equifax Workforce Solutions is slated to launch the new I-9 Anywhere virtual option before the end of the year, reaffirming its commitment to innovation and the expansion of its comprehensive onboarding solution suite. By leveraging technology to offer flexible and accessible onboarding solutions, Equifax aims to empower organizations with the tools they need to navigate the complexities of the modern workforce environment efficiently.
Equifax Mergers and acquisitions (M&A) Activities
No M&A activities in the last 12 months.
Equifax Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Equifax applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Equifax and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Equifax Workforce Solutions customers.
Equifax Overview
Ownership: - NYSE: EFX
Number of Employees: 15000
Functional Market: Core HR, Payroll, Compliance, Onboarding, Recruiting,
Key Verticals: Automotive, Banking and Financial Services, Communication, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Media, Professional Services, Retail, Transportation, Utility,
Equifax Key Cloud and HCM Applications
Equifax Workforce Solutions
Equifax HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Equifax Revenue Breakdown by Type:
Equifax HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2024 HCM Revenues, By HR Segment, $M | |
Equifax HCM Applications Revenues By Verticals, $M:
Equifax Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Equifax Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Equifax Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Equifax Customers
No. of Equifax Customers: 3500
No. of Equifax HCM Applications Customers: x
No. of Equifax Cloud HCM Customers: x
No. of Equifax Cloud HCM Subscribers: 26.7 million
Among Equifax, customers are: US Department of Health and Human Services, HMS Host, EmployBridge, TrueBlue and others.
Equifax Market Opportunities, M&A and Geo Expansions
Equifax's completion of the new Equifax Cloud marks a significant milestone in its ability to introduce innovative products that capitalize on its diverse assets and distinctive capabilities, ultimately driving growth opportunities for its customers, leveraging the Equifax Cloud platform, a majority of the company's New Product Innovations, approximately 85% in 2024, harness global capabilities, enhancing scalability and operational efficiency.
Equifax Risks and Challenges
Equifax faces risks related to data privacy and regulatory compliance. In 2025, the company was involved in a data mishandling incident in the UK, where sensitive information was inadvertently included in reports for immigration fee waiver applications. Additionally, Equifax is facing an antitrust lawsuit in the United States over allegations of monopolizing the electronic income and employment verification services market.
Equifax Ecosystem, Partners, Resellers and SI
Equifax formed 15 new strategic partnerships, including a collaboration with Workday to integrate Workday Payroll with The Work Number verification services, enabling Workday customers to provide employees with instant employment and income verifications for major life events. The company utilizes direct sales along with a broad partner and distribution network and operates or holds investments in 24 countries across North America, Central and South America, Europe, and the Asia Pacific region.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
