Curious about TransUnion net worth in 2024? As a global player, its net worth reflects its growing international market contributions and strategic debt management.
Let’s dive into the company’s key drivers and financial performance, brought to you by Ando Money.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | TransUnion |
| Full Name | TransUnion LLC |
| Website | www.transunion.com |
| Industry | Information Services |
| Traded as | NYSE: TRU |
| ISIN | US89400J1079 |
| Founded | 1968 |
| Founders | N/A |
| Country/Territory | United States |
| Headquarters | Chicago, Illinois, USA |
| Chief Executive Officer | Chris Cartwright |
| Number of Employees | 13,000+ |
| Market Cap | $20.91 billion (Oct 2024) |
| Total Assets | $11.03 billion (June 2024) |
| Total Equity | $4.24 billion (June 2024) |
| Revenue | $1.04 billion (Q2 2024) |
| Net Income | $85 million (Q2 2024) |
What is the Net Worth/Market Cap of TransUnion in 2024?
In 2024, TransUnion’s market cap stands at $20.91 billion. This ranks the company among the top 1,000 most valuable companies worldwide.
When comparing TransUnion to its competitors, the brand consistently performs well within the global market. However, it still competes with several key entities, which also maintain significant financial standings.
Competitors and related companies include:
- Equifax
- Experian
- S&P Global
- Moody’s Analytics
- FICO
- Dun & Bradstreet
- CoreLogic
- Fair Isaac Corporation
- LexisNexis
Interested in how TransUnion compares to other major companies? Discover more about the biggest financial players.
TransUnion Financial Performance Overview
Key Drivers of Our Financial Growth
TransUnion‘s financial growth in 2024 has been driven by several factors. U.S. mortgage market growth plays a vital role in expanding revenue.
The company has reported $1.04 billion in Q2 2024, marking an 8% increase compared to the previous year.
The company’s emerging verticals also contributed significantly, offering new revenue opportunities across various industries.
Moreover, U.S. markets, notably financial services, contributed $359 million of the total Q2 revenue, growing by 11%.
This growth was further boosted by the company’s ability to refine its business processes and technologies.
International Market Contributions to Revenue
TransUnion has witnessed exceptional growth in its international markets, contributing $235 million in revenue, a 13% increase from the previous year.
The most notable regions include India, which experienced 25% growth, and Canada, with a 10% increase.
Additionally, Asia Pacific and Latin America have shown strong performances, contributing to the company’s global footprint.
As these regions continue to adopt TransUnion’s services, the company’s revenue diversification has enhanced its resilience and growth outlook.
Emerging markets have been instrumental in expanding TransUnion’s product offerings and ensuring sustainable financial health.
Debt Management and Its Influence on Profitability
TransUnion’s commitment to debt management has also played a crucial role in improving its financial stability.
The company prepaid $80 million in debt in Q2 2024, resulting in lower interest expenses and contributing to its de-leveraging efforts.
By extending debt maturities and optimizing its capital structure, TransUnion has positioned itself for long-term financial success.
The company’s strong liquidity position, with $543 million in cash reserves as of June 2024, highlights its prudent financial planning.
This robust cash flow allows TransUnion to invest in growth initiatives while maintaining financial flexibility.
Technology Transformation and Its Effect on Revenue
A key driver of TransUnion’s success has been its ongoing technology transformation.
The OneTru platform, which integrates cutting-edge data processing capabilities, has enabled the company to improve speed-to-market and customer solutions.
This technology has not only enhanced credit reporting but also expanded TransUnion’s services to include fraud mitigation and marketing solutions.
The transformation has had a direct impact on the company’s financials by improving efficiency and enabling faster product development cycles.
These improvements have translated into stronger revenue growth and a competitive advantage in the marketplace.
Adjusted EBITDA and Earnings Growth Breakdown
TransUnion’s Adjusted EBITDA reached $377 million in Q2 2024, marking an 11% increase from the previous year.
This growth was primarily driven by U.S. financial services and strong performance in international markets.
TransUnion’s Adjusted EBITDA margin improved to 36.2%, up from 35.0% in 2023, reflecting improved operational efficiencies and strategic cost management.
The company’s focus on streamlining operations and leveraging technology has allowed it to reduce costs while maintaining robust revenue streams.
Additionally, TransUnion’s international markets contributed to the margin improvement, particularly with strong results from regions such as India and Canada.
Liquidity, Cash Flow, and Asset Management
TransUnion has continued to strengthen its financial position through prudent asset management and liquidity planning.
With $543 million in cash and cash equivalents, the company is well-positioned to weather market fluctuations and invest in future growth.
TransUnion’s operating cash flow of $349 million in the first half of 2024 reflects strong business performance, providing the necessary capital to fund new projects and expand services.
Future Outlook and Revenue Growth Expectations
Looking forward, TransUnion has increased its 2024 guidance, expecting 7% to 8% revenue growth for the full year.
This projection is based on continued strength in the U.S. mortgage market and expanding international contributions.
The company’s leadership in emerging markets such as India and ongoing investments in technology will play pivotal roles in sustaining this growth.
TransUnion is also confident in its ability to capture new opportunities within its emerging verticals, positioning the company for long-term success in a competitive marketplace.
FAQs About TransUnion
How many employees does TransUnion have globally?
As of 2024, it has more than 13,000 employees across 30 countries, supporting its global operations and growth.
Who is the current CEO of TransUnion?
The current CEO of TransUnion is Chris Cartwright, who has been leading the company’s financial and strategic initiatives since 2019.
What are TransUnion’s total assets in 2024?
As of June 2024, it reported $11.03 billion in total assets, reflecting its strong market presence and financial stability.
What is TransUnion’s revenue for Q2 2024?
Its total revenue for Q2 2024 was $1.04 billion, driven by growth in U.S. markets and international segments.
What is TransUnion’s primary industry?
It operates in the Information Services industry, with a focus on credit reporting, data analytics, and risk management.
Conclusion
TransUnion’s financial performance in 2024 showcases its strong market presence and continued growth in both U.S. and international markets.
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