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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

TRU$83.11+2.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

ITEM 16. FORM 10-K SUMMARY

None.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on February 27, 2026.

TransUnion
By:/s/ Todd M. Cello
Todd M. CelloExecutive Vice President, Chief Financial Officer

POWER OF ATTORNEY

The officers and directors whose signatures appear below constitute and appoint Heather J. Russell and Rachel W. Mantz as their true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for them in their name, place and stead, in any and all capacities, to sign and file, with the Securities and Exchange Commission, this Form 10-K and any and all amendments and exhibits thereto, and all documents in connection therewith, granting unto each such attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully and to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that such attorneys-in-fact and agents or their substitutes may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated on February 27, 2026.

SignatureTitle
/s/ Christopher A. CartwrightPresident & Chief Executive Officer, Director
Christopher A. Cartwright(Principal Executive Officer)
/s/ Todd M. CelloExecutive Vice President, Chief Financial Officer
Todd M. Cello(Principal Financial Officer)
/s/ Jennifer A. WilliamsSenior Vice President, Chief Accounting Officer
Jennifer A. Williams(Principal Accounting Officer)
/s/ George M. AwadDirector
George M. Awad
/s/ Suzanne P. ClarkDirector
Suzanne P. Clark
/s/ Sayan ChakrabortyDirector
Sayan Chakraborty
/s/ Hamidou DiaDirector
Hamidou Dia
/s/ Russell P. FradinDirector
Russell P. Fradin
/s/ Charles E. GottdienerDirector
Charles E. Gottdiener
/s/ Pamela A. JosephDirector
Pamela A. Joseph
/s/ Thomas L. Monahan, IIIDirector
Thomas L. Monahan, III
/s/ Ravi Kumar SingisettiDirector
Ravi Kumar Singisetti
/s/ Charlotte B. YarkoniDirector
Charlotte B. Yarkoni
/s/ Linda K. ZukauckasDirector
Linda K. Zukauckas

Schedule I—Condensed Financial Information of TransUnion

Balance Sheets

December 31,2025December 31,2024
Assets
Current assets:
Other current assets$—$0.1
Total current assets—0.1
Investment in TransUnion Intermediate Holdings, Inc.5,492.84,846.1
Other assets1.55.9
Total assets$5,494.3$4,852.1
Liabilities and stockholders’ equity
Current liabilities:
Trade accounts payable$0.1$0.1
Due to TransUnion Intermediate Holdings, Inc.1,047.3628.6
Other current liabilities5.02.3
Total current liabilities1,052.4631.0
Other liabilities2.74.1
Total liabilities1,055.1635.1
Stockholders’ equity:
Preferred stock, $0.01 par value; 100.0 million shares authorized; none issued or outstanding as of December 31, 2025 and 2024——
Common stock, $0.01 par value; 1.0 billion shares authorized at December 31, 2025 and December 31, 2024; 199.4 million and 201.5 million shares issued as of December 31, 2025 and December 31, 2024, respectively; and 192.4 million and 194.9 million shares outstanding as of December 31, 2025 and December 31, 2024, respectively2.02.0
Additional paid-in capital2,424.02,558.9
Treasury stock at cost; 7.0 million and 6.6 million shares at December 31, 2025 and December 31, 2024, respectively(370.3)(334.6)
Retained earnings2,723.72,357.9
Accumulated other comprehensive loss(340.2)(367.2)
Total stockholders’ equity4,439.24,217.0
Total liabilities and stockholders’ equity$5,494.3$4,852.1

Statements of Operations

Years Ended December 31,
202520242023
Revenue$—$—$—
Operating expenses
Selling, general and administrative4.14.04.4
Total operating expenses4.14.04.4
Operating loss(4.1)(4.0)(4.4)
Non-operating income and expense
Equity income from TransUnion Intermediate Holdings, Inc.458.7287.5(202.9)
Total non-operating income and expense458.7287.5(202.9)
Income (loss) from continuing operations before income taxes454.5283.5(207.3)
Benefit for income taxes0.90.91.1
Net income (loss) attributable to TransUnion Holding$455.4$284.4$(206.2)

Statements of Comprehensive Income (Loss)

Years Ended December 31,
202520242023
Net income (loss) attributable to TransUnion Holding$455.4$284.4$(206.2)
Other comprehensive income (loss):
Foreign currency translation of TransUnion Intermediate Holdings, Inc.:
Foreign currency translation adjustment96.0(69.3)82.2
(Provision) benefit for income taxes(1.5)2.1(2.0)
Foreign currency translation, net94.5(67.2)80.2
Hedge instruments of TransUnion Intermediate Holdings, Inc.:
Net change on interest rate swap(90.3)(52.3)(75.5)
Benefit for income taxes22.713.118.9
Cash flow hedges, net(67.5)(39.2)(56.6)
Total other comprehensive income (loss), net of tax27.0(106.4)23.6
Comprehensive income (loss) attributable to TransUnion$482.4$178.0$(182.6)

Statements of Cash Flows

Years Ended December 31,
202520242023
Cash provided by operating activities$405.7$89.5$77.1
Cash used in investing activities———
Cash flows from financing activities:
Proceeds from issuance of common stock and exercise of stock options22.524.923.1
Dividends to shareholders(90.5)(82.7)(81.8)
Employee taxes paid on restricted stock units recorded as treasury stock(35.7)(31.7)(18.4)
Repurchase of common stock(302.0)——
Cash used in financing activities(405.7)(89.5)(77.1)
Net change in cash and cash equivalents———
Cash and cash equivalents, beginning of period———
Cash and cash equivalents, end of period$—$—$—

Notes to Financial Statements

Note 1. Basis of Presentation

In the TransUnion parent company only financial statements, the Company’s investment in subsidiaries is stated at cost plus equity in the undistributed earnings of subsidiaries since the date of acquisition. The Company’s share of net income of its subsidiaries is included in consolidated income using the equity method. The parent company only financial information should be read in conjunction with TransUnion’s consolidated financial statements and accompanying notes.

Note 2. Income Tax

TransUnion entered into an intercompany tax allocation agreement with TransUnion Intermediate Holdings, Inc. in 2013, effective for all taxable periods from May 1, 2012, forward, in which they are members of the same consolidated federal or state tax groups. The agreement allocates the consolidated tax liability from those filings among the various members of the group.

Note 3. Dividends to Stockholders

For the years ended December 31, 2025, 2024 and 2023, we declared dividends of $0.46, $0.42 and $0.42 per share, respectively. During 2025, 2024 and 2023, we paid dividends of $90.5 million, $82.7 million and $81.8 million, respectively. Dividends declared accrue to outstanding restricted stock units and are paid to employees as dividend equivalents when the restricted stock units vest.

Note 4. Share Repurchase Plan

On February 11, 2025, our Board of Directors (“Board”) authorized the repurchase of up to $500.0 million of our common stock (the “2025 Repurchase Plan”). On October 22, 2025, the Board approved an increase to the 2025 Repurchase Plan authorization to $1.0 billion (including amounts repurchased as of such date under the original 2025 Repurchase Plan). Repurchases may be made from time to time at management’s discretion, at prices management considers to be attractive, through open market purchases, privately negotiated transactions or otherwise, including pursuant to a Rule 10b5-1 plan, hybrid open market repurchases or an accelerated share repurchase transaction, subject to availability. Open market purchases are conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and other applicable legal requirements. We have no obligation to repurchase additional shares, and the timing, actual number and value of the shares that are repurchased, if any, are at the discretion of management. The 2025 Repurchase Plan does not have an expiration date.

Repurchased shares are retired, resulting in a reduction to common stock at par with the remainder to additional paid-in capital. Once repurchased, the shares are returned to the status of authorized but unissued shares of the Company and reduce the weighted average number of shares of common stock outstanding for purposes of calculating basic and diluted earnings per share. For the year ended December 31, 2025, the Company repurchased approximately 3,577,000 shares of common stock for a total of $302.0 million, including commissions and excise taxes, under the 2025 Repurchase Plan. The average price paid to repurchase shares during the year ended December 31, 2025, was $84.45. As of December 31, 2025, $700.1 million remains available for repurchases under the 2025 Repurchase Plan.

Schedule II—Valuation and Qualifying Accounts

(in millions)Balance atBeginning of YearCharged toCosts andExpensesCharged toOtherAccountsDeductions(1)Balance atEnd ofYear
Allowance for deferred tax assets:
Year Ended December 31,
2025$93.4$14.1$—$(27.2)$80.3
2024$104.7$7.2$—$(18.5)$93.4
2023$98.9$9.4$2.7$(6.3)$104.7

(1)Deductions primarily related to expiration and expected or actual utilization of foreign tax credits and foreign net operating losses.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.