TransUnion
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 27, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Intangible Assets
- Intangible Assets
Intangible assets consisted of the following:
| December 31, 2025 | December 31, 2024 | |||||
|---|---|---|---|---|---|---|
| Gross | AccumulatedAmortization | Net | Gross | AccumulatedAmortization | Net | |
| Customer relationships | $2,085.9 | $(684.9) | $1,401.0 | $2,055.0 | $(561.7) | $1,493.3 |
| Internal use software | 1,778.3 | (822.8) | 955.5 | 1,589.1 | (653.0) | 936.2 |
| Database and credit files | 1,383.0 | (1,010.4) | 372.6 | 1,339.8 | (896.6) | 443.2 |
| Trademarks, copyrights and patents | 566.4 | (197.9) | 368.6 | 566.7 | (183.0) | 383.7 |
| Noncompete and other agreements | 1.2 | (0.3) | 0.8 | 1.3 | (0.2) | 1.1 |
| Total intangible assets | $5,814.8 | $(2,716.3) | $3,098.5 | $5,551.9 | $(2,294.5) | $3,257.5 |
Changes in the carrying amount of intangible assets between periods consisted of the following:
| Gross | Accumulated Amortization | Net | |
|---|---|---|---|
| Balance, December 31, 2024 | $5,551.9 | $(2,294.5) | $3,257.5 |
| Business acquisition | 64.0 | — | 64.0 |
| Developed internal use software | 212.8 | — | 212.8 |
| Amortization | — | (471.4) | (471.4) |
| Disposals and retirements | (84.8) | 83.9 | (0.9) |
| Foreign exchange rate adjustment | 70.8 | (34.4) | 36.4 |
| Balance, December 31, 2025 | $5,814.8 | $(2,716.3) | $3,098.5 |
The weighted average lives of our intangibles is approximately 14 years as of December 31, 2025.
Amortization expense related to intangible assets for the years ended December 31, 2025, 2024 and 2023 was $471.4 million, $448.8 million and $427.8 million, respectively. Estimated future amortization expense related to intangible assets at December 31, 2025 is as follows:
| Annual Amortization Expense | |
|---|---|
| 2026 | $483.1 |
| 2027 | 415.7 |
| 2028 | 348.4 |
| 2029 | 298.1 |
| 2030 | 265.3 |
| Thereafter | 1,287.7 |
| Total future amortization expense | $3,098.5 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.