TransUnion

Previous wording

In February 2026, the United States and Israel launched coordinated military strikes against Iran, which retaliated with missile attacks across the region. Although we do not have material operations in the Middle East, the ongoing conflict has, and is likely to continue to have, an impact on global energy prices, inflation, consumer spending, market volatility, and overall macroeconomic conditions, and any further escalation of the conflict is likely to exacerbate these effects. These factors form part of the broader macroeconomic environment in which inflation has remained above the U.S. Federal Reserve’s (the “Fed”) long-term target, prompting the Fed to maintain the federal funds rate during the first three months of 2026 after cutting rates by 75 basis points in the last four months of 2025. The federal funds rate, while lower than recent highs and rates during the first half of 2025, remained elevated relative to historical norms and is expected to remain elevated given macroeconomic concerns arising from conflict in the Middle East. Higher interest rates have slowed demand for consumer and auto loans, and have had a more pronounced impact on the housing sector, where higher borrowing rates impact both home affordability, driving down purchase activity, and demand for mortgage loan refinancing. However, mortgage rates are not directly tied to the federal funds rate but instead are tied to the 10-year Treasury rate, which showed signs of improvement in the first two months of the quarter, but subsequently rose at the end of the quarter due to general macroeconomic concerns stemming from the ongoing conflict in the Middle East. As a result, 30-year mortgage rates remained elevated at quarter-end, which continues to suppress activity in the housing sector.

Current wording

In February 2026, the United States and Israel launched coordinated military strikes against Iran, which retaliated with missile attacks across the region. Although we do not have material operations in the Middle East, the ongoing conflict has, and is likely to continue to have, an impact on global energy prices, inflation, consumer spending, market volatility, and overall macroeconomic conditions. The ongoing uncertainty about the conflict will continue to impact these effects in an unpredictable way. These factors form part of the broader macroeconomic environment in which inflation has remained above the U.S. Federal Reserve’s (the “Fed”) long-term target, prompting the Fed to maintain the federal funds rate during the first six months of 2026 after cutting rates by 75 basis points in the last four months of 2025. The federal funds rate remains elevated, relative to levels during the first half of 2025 and to historical norms over the past 15 years, and is expected to remain elevated given macroeconomic concerns arising from conflict in the Middle East. Higher interest rates have slowed demand for consumer and auto loans, and have had a more pronounced impact on the housing sector, where higher borrowing rates impact home affordability, driving down purchase activity, and demand for mortgage loan refinancing. However, mortgage rates are not directly tied to the federal funds rate but instead are tied to the 10-year Treasury rate. During the first two months of the year, the 10-year treasury rate declined modestly, before rising over the remainder of the six-month period, reflecting general macroeconomic concerns stemming from the ongoing conflict in the Middle East. As a result, 30-year mortgage rates remained elevated at June 30, 2026, which continues to suppress activity in the housing sector.

Previous wording

Macro-economic conditions in the U.K. and Canada were relatively stable in the first two months of 2026 and showed some recovering following a weak final quarter of 2025. However, the conflict in the Middle East and the resulting increase in energy prices has renewed inflation pressures and heightened consumer uncertainty, which likely impacted full first quarter growth. In India, the economy is highly sensitive to energy prices, and economic growth likely slowed in the final month of the quarter after relatively strong performance in the first two months, although regulatory actions have continued to slow credit expansion. Globally, many central banks paused further policy interest rate cuts in the quarter as a result of the increase in energy prices and the likely impact on inflation levels, which may impact consumer credit demand.

Current wording

Macro-economic conditions in the U.K. and Canada were relatively stable in the first quarter of 2026 and showed signs of recovery following a weaker final quarter of 2025. However, the conflict in the Middle East and the resulting increase in energy prices has renewed inflationary pressures and heightened consumer uncertainty, which may have impacted economic growth and consumer sentiment in the second quarter. In India, the economy is highly sensitive to energy prices. While economic growth in India remained strong in the first quarter of 2026, the Reserve Bank of India has held its interest rates steady in the second quarter citing lower growth expectations and increased inflation projections, which could slow credit expansion. Globally, many central banks have paused further policy interest rate cuts, reflecting inflationary pressures, including those associated with higher energy prices, which may impact consumer credit demand.

Previous wording

On March 2, 2026, we acquired approximately a 68% equity interest in Trans Union de Mexico for total cash consideration of $659.7 million. Prior to the transaction, we owned approximately a 26% equity interest that was accounted for under the equity method. Our total equity interest is now approximately 94%, representing a controlling financial interest and resulting in the consolidation of Trans Union de Mexico. We accounted for the transaction as a step acquisition in accordance with ASC Topic 805, Business Combinations. Accordingly, we remeasured our initial 26% investment at a fair value of $247.4 million resulting in a non-taxable gain of $225.5 million recorded within gain on acquisition of affiliate in the Consolidated Statement of Operations.

Current wording

On March 2, 2026, we acquired approximately a 68% equity interest in Trans Union de Mexico for total cash consideration of $659.7 million. Prior to the transaction, we owned approximately a 26% equity interest that was accounted for under the equity method. Our total equity interest upon closing was approximately 94%, representing a controlling financial interest and resulting in the consolidation of Trans Union de Mexico. We accounted for the transaction as a step acquisition in accordance with ASC Topic 805, Business Combinations. Accordingly, we remeasured our initial 26% investment at a fair value of $247.4 million resulting in a non-taxable gain of $225.5 million recorded within gain on acquisition of affiliate in the Consolidated Statement of Operations.

Previous wording

The acquisition was funded primarily with proceeds from our Senior Secured Revolving Credit Facility and cash on hand. See Note 10, “Debt,” for additional information about our Senior Secured Revolving Credit Facility. There was no contingent consideration related to this transaction. Trans Union de Mexico’s results of operations subsequent to the acquisition date are reflected in the Latin America reporting unit in our International segment for the three months ended March 31, 2026, which affects the comparability of results to prior year periods. See Part I, Item 1, Note 2 “Business Acquisitions” for further information about this transaction.

Current wording

Trans Union de Mexico’s results of operations subsequent to the acquisition date are reflected in the Latin America reporting unit in our International segment for the three and six months ended June 30, 2026, which affects the comparability of results to prior year periods. See Part I, Item 1, Note 2 “Business Acquisitions” for further information about this transaction.

Previous wording

On April 1, 2025, we gained control of Monevo Limited (“Monevo”) by acquiring the remaining 70% of its outstanding equity, of which we previously owned 30%. We accounted for the transaction as a step acquisition in accordance with ASC Topic 805, Business Combinations. Monevo’s results of operations subsequent to the acquisition date, which are not material, are reflected in both the U.S. Markets and International segments for the three months ended March 31, 2026, which affects the comparability of results to prior year periods. See Part I, Item 1, Note 2 “Business Acquisitions” for further information about this transaction.

Current wording

On April 1, 2025, we gained control of Monevo Limited (“Monevo”) by acquiring the remaining 70% of its outstanding equity, of which we previously owned 30%. We accounted for the transaction as a step acquisition in accordance with ASC Topic 805, Business Combinations. Monevo’s results of operations subsequent to the acquisition date, which are not material, are reflected in both the U.S. Markets and International segments for the three and six months ended June 30, 2026, which affects the comparability of results to prior year periods. See Part I, Item 1, Note 2 “Business Acquisitions” for further information about this transaction.

Previous wording

On February 11, 2026, we executed Amendment No. 25 to the Senior Secured Credit Facility, pursuant to which we increased our borrowing capacity under the Senior Secured Revolving Credit Facility to $1.0 billion. All other key terms of the Senior

Current wording

On February 11, 2026, we executed Amendment No. 25 to the Senior Secured Credit Facility, pursuant to which we increased our borrowing capacity under the Senior Secured Revolving Credit Facility to $1.0 billion. All other key terms of the Senior Secured Revolving Credit Facility remained unchanged. We used proceeds from the Senior Secured Revolving Credit Facility to fund a portion of the cash purchase price of Trans Union de Mexico, as further discussed in Note 2, “Business Acquisitions.”

Previous wording

During the second quarter of 2025, we entered into interest rate swap agreements with various counterparties that effectively fix our variable interest rate exposure on a portion of our Senior Secured Term Loans or similar replacement debt. The swaps commenced on June 30, 2025 and expire on December 31, 2027, with a current aggregate notional amount of$1,232.1 million that amortizes each quarter. The swaps require us to pay fixed rates varying between 3.2893% and 3.6920% in exchange for receiving a variable rate that matches the variable rate on our loans. We have designated these swap agreements as cash flow hedges.

Current wording

During the second quarter of 2025, we entered into interest rate swap agreements with various counterparties that effectively fix our variable interest rate exposure on a portion of our Senior Secured Term Loans or similar replacement debt. The swaps commenced on June 30, 2025 and expire on December 31, 2027, with a current aggregate notional amount of$1,226.2 million that amortizes each quarter. The swaps require us to pay fixed rates varying between 3.2893% and 3.6920% in exchange for receiving a variable rate that matches the variable rate on our loans. We have designated these swap agreements as cash flow hedges.

Previous wording

Cost of services includes data acquisition and royalty fees, personnel costs related to our databases and software applications, consumer and call center support costs, hardware and software maintenance costs, telecommunication expenses and data center costs.

Current wording

Cost of services includes product and fulfillment costs, such as data acquisition and royalty fees, personnel costs related to our databases and software applications, consumer and call center support costs, hardware and software maintenance costs, telecommunication expenses and data center costs.

Previous wording

For the three months ended March 31, 2026 and 2025, our results of operations were as follows:

Current wording

For the three and six months ended June 30, 2026 and 2025, our results of operations were as follows:

Previous wording

For the three months ended March 31, 2026 revenue increased $149.9 million, or 13.7%, compared with the same period in 2025, due to growth in both segments and our recent acquisition of a majority ownership interest in Trans Union de Mexico. The impact of foreign currency on organic revenue was an increase of 0.7%.

Current wording

For the three and six months ended June 30, 2026 revenue increased $169.9 million, or 14.9%, and $319.8 million, or 14.3%, respectively, compared with the same periods in 2025, due to growth in both segments and revenue from recent acquisitions, which contributed 4.9% and 3.6% of the growth in each respective period. The impact of foreign currency on organic revenue was negligible.

Previous wording

For the three months ended March 31, 2026, cost of services increased $73.8 million compared with the same period in 2025. The increase was due primarily to:

Current wording

For the three months ended June 30, 2026, cost of services increased $74.8 million compared with the same period in 2025. The increase was due primarily to:

Previous wording

•an increase of approximately $81.0 million in product and fulfillment costs due primarily to an increase in certain product cost pricing in our U.S. Markets segment and an increase in volume in both segments.

Current wording

•an increase of approximately $75.0 million in product and fulfillment costs due primarily to an increase in certain product cost pricing, including FICO mortgage royalties in our U.S. Markets segment, costs from our recent acquisitions, and an increase in volume in both segments; and

Previous wording

•a decrease of approximately $10.0 million in technology and communications costs, due primarily to our accelerated technology investment program which ended in 2025, partially offset by an increase in cloud costs.

Current wording

•a decrease of approximately $7.0 million in technology and communications costs, due primarily to our accelerated technology investment program, which ended in 2025, partially offset by an increase in cloud costs.

Previous wording

For the three months ended March 31, 2026, selling, general and administrative expenses increased $72.2 million compared with the same period in 2025. The increase was due primarily to:

Current wording

For the three months ended June 30, 2026, selling, general and administrative expenses increased $11.5 million compared with the same period in 2025. The increase was due primarily to:

Previous wording

•an increase of approximately $25.0 million in labor-related costs including incentive compensation, primarily stock-based compensation, and an increase in salaries and commissions.

Current wording

•an increase of approximately $16.0 million in labor-related costs, including incentive compensation, primarily stock-based compensation, an increase in salaries including from our recent acquisitions, and an increase in commissions,

Previous wording

•a decrease of approximately $9.0 million in costs related to our operating model optimization program due to the completion of the program in 2025.

Current wording

•a decrease of approximately $12.0 million in costs related to our operating model optimization program due to the completion of the program in 2025; and

Previous wording

For the three months ended March 31, 2026, depreciation and amortization increased $13.5 million compared with the same period in 2025, due primarily to the increase in capital expenditures related to our accelerated technology investment initiative over the past few years and incremental intangible asset amortization from our recent acquisitions.

Current wording

For the three and six months ended June 30, 2026, depreciation and amortization increased $17.8 million and $31.3 million, respectively, compared with the same periods in 2025, due primarily to the increase in capital expenditures related to our accelerated technology investment initiative over the past few years and incremental intangible asset amortization from our recent acquisitions.

Previous wording

For the three months ended March 31, 2026, interest expense increased $5.9 million, compared with the same period in 2025. The increase was due primarily to the replacement of our hedges in June 2025 and borrowing on our Senior Secured Revolving Credit Facility to fund the acquisition of a majority ownership interest in Trans Union de Mexico, partially offset by a decrease in theaverage periodic variable interest rate on the unhedged portion of our debt.

Current wording

For the three and six months ended June 30, 2026, interest expense increased $10.2 million and $16.1 million, respectively, compared with the same periods in 2025. The increase was due primarily to the replacement of our hedges in June 2025 and borrowing on our Senior Secured Revolving Credit Facility to fund the acquisition of a majority ownership interest in Trans Union de Mexico, partially offset by a decrease in theaverage periodic variable interest rate on the unhedged portion of our debt.

Previous wording

The decrease in interest income for the current period compared to the prior period was due primarily to the settlement of a note receivable in October 2025.

Current wording

The decrease in interest income for the three and six months ended June 30, 2026, compared to the prior periods, was due primarily to the settlement of a note receivable in October 2025.

Previous wording

For the three months ended March 31, 2026, we recognized a gain on our acquisition of a majority ownership interest in Trans Union de Mexico, as further discussed in Part I, Note 2, “Business Acquisition.”

Current wording

For the six months ended June 30, 2026, we recognized a gain on our acquisition of a majority ownership interest in Trans Union de Mexico, as further discussed in Part I, Note 2, “Business Acquisitions.”

Previous wording

Acquisition fees represent costs we have incurred for various acquisition-related efforts, for both executed and exploratory transactions, and include costs related to our acquisitions of Monevo and Trans Union de Mexico.

Current wording

Acquisition fees represent costs we have incurred for various acquisition-related efforts, for both executed and exploratory transactions, and include costs related to our acquisitions of Monevo, Trans Union de Mexico and the mobile division of RealNetworks. The three months ended June 30, 2026 includes adjustments to estimated acquisition fees.

Previous wording

Our effective tax rates were 6.5% and 21.2% for the three months ended March 31, 2026 and 2025, respectively. The effective tax rate was lower in 2026 compared to 2025 due primarily to the non-taxable gain on our acquisition of a majority equity interest in Trans Union de Mexico and a benefit from the elimination of a deferred tax liability on our Cost Method Investment upon obtaining control as further discussed in Note 2, “Business Acquisitions," and benefits on the remeasurement of deferred taxes due to changes in state apportionment rates as a result of legal entity mergers, all of which occurred during the first quarter of 2026.

Current wording

Our effective tax rates were 13.1% and 24.4% for the six months ended June 30, 2026 and 2025, respectively. The effective tax rate was lower in 2026 compared to 2025 due primarily to the non-taxable gain on our acquisition of a majority equity interest in Trans Union de Mexico and a benefit from the elimination of a deferred tax liability on our Cost Method Investment upon obtaining control as further discussed in Note 2, “Business Acquisitions,"a reduction in valuation allowance related to the realizability of foreign tax credits and capital loss carryforwards in 2026 compared to 2025, and benefits on the remeasurement of deferred taxes due to changes in state apportionment rates as a result of legal entity mergers, all of which occurred during the first quarter of 2026.

Previous wording

Segment Results of Operations—Three Months Ended March 31, 2026 and 2025

Current wording

Segment Results of Operations—Three and Six Months Ended June 30, 2026 and 2025

Previous wording

Management, including our CODM, evaluates the financial performance of our businesses based on revenue and segment Adjusted EBITDA. For the three months ended March 31, 2026 and 2025, our segment revenue, segment Adjusted EBITDA and segment Adjusted EBITDA Margin were as follows:

Current wording

Management, including our CODM, evaluates the financial performance of our businesses based on revenue and segment Adjusted EBITDA. For the three and six months ended June 30, 2026 and 2025, our segment revenue, segment Adjusted EBITDA and segment Adjusted EBITDA Margin were as follows:

Previous wording

For the three months ended March 31, 2026, U.S. Markets revenue increased$118.5 million, or 13.8%, compared withthe same period in 2025. Revenue increased in all verticals.

Current wording

For the three and six months ended June 30, 2026, U.S. Markets revenue increased$102.3 million, or 11.5% and$220.8 million, or 12.6%, respectively, compared withthe same periods in 2025. Revenue increased in Financial Services and Emerging Verticals, partially offset by a decrease in Consumer Interactive.

Previous wording

Financial Services: For the three months ended March 31, 2026, revenue increased $96.9 million, or 24.0%, compared with the same period in 2025. A majority of the growth in Financial Services comes from our Mortgage line of business, due primarily to increases in price and volume. Our other lines of business also grew, due primarily to volume increases in our Consumer Lending line of business, and price and volume increases in our Auto and Card and Banking lines of business.

Current wording

Financial Services: For the three and six months ended June 30, 2026, revenue increased $76.4 million, or 18.2%, and $173.3 million, or 21.0%, respectively, compared with the same periods in 2025. A majority of the growth in Financial Services comes from our Mortgage line of business, due primarily to increases in price, including from FICO mortgage royalties, and volume. Our other lines of business also grew, due primarily to price and volume increases in our Auto and Card and Banking lines of business and volume increases in our Consumer Lending line of business.

Previous wording

Emerging Verticals: For the three months ended March 31, 2026, revenue increased $19.8 million, or 6.3%, compared with the same period in 2025. The increase was due primarily to an increase in Insurance from price and volume increases, and most other verticals from volume increases across online and batch services, new business wins and pricing increases.

Current wording

Emerging Verticals: For the three and six months ended June 30, 2026, revenue increased $30.3 million, or 9.4%, and $50.0 million, or 7.8%, respectively, compared with the same periods in 2025. The increase was due primarily to an increase in Insurance from volume increases, in most other verticals from volume increases across online and batch services, new business wins and pricing increases, and revenue from our recent acquisitions.

Previous wording

Consumer Interactive: For the three months ended March 31, 2026, revenue increased $1.7 million, or 1.3%, compared with the same period in 2025, due primarily to increased breach and indirect channel revenue, partially offset by slowing demand for paid credit products.

Current wording

Consumer Interactive: For the three and six months ended June 30, 2026, revenue decreased $4.4 million, or 3.0%, and $2.7 million, or 0.9%, respectively, compared with the same periods in 2025, due primarily to a decrease in demand for paid credit products, partially offset by higher indirect channel breach revenue and offers revenue from our new direct platform.

Previous wording

For the three months ended March 31, 2026, Adjusted EBITDA increased $36.7 million compared with the same period in 2025, due primarily to the increase in revenue, partially offset by higher variable product and fulfillment costs and other operating costs. For the three months ended March 31, 2026, Adjusted EBITDA margins decreased 0.8% due primarily to FICO mortgage royalties, partially offset by technology and communication and labor-related costs growing at a slower pace than revenue.

Current wording

For the three and six months ended June 30, 2026, Adjusted EBITDA increased $23.8 million and $60.5 million, respectively, compared with the same periods in 2025, due primarily to the increase in revenue, partially offset by higher variable product and fulfillment costs and other operating costs. For the three and six months ended June 30, 2026, Adjusted EBITDA margins decreased 150 and 110 basis points, respectively, due primarily to FICO mortgage royalties, partially offset by technology and communication and labor-related costs growing at a slower pace than revenue.

Previous wording

For the three months ended March 31, 2026, International revenue increased $31.8 million, or 13.1%, compared with the same period in 2025 due primarily to the acquisitions of Trans Union de Mexico and Monevo, which contributed 9.6% of the increase. The impact of foreign currencies on organic revenue was an increase of 3.2%.

Current wording

For the three and six months ended June 30, 2026, International revenue increased $67.9 million, or 26.8%, and $99.8 million, or 20.2%, respectively, compared with the same periods in 2025 due primarily to the acquisitions of Trans Union de Mexico and Monevo, which contributed 21.2% and 15.5% of the growth in each respective period. The impact of foreign currencies on organic revenue was a decrease of 0.7% and an increase of 1.3% for the three and six months ended June 30, 2026, respectively.

Previous wording

Canada: For the three months ended March 31, 2026, Canada revenue increased $5.4 million, or 14.4%, compared with the same period in 2025, due primarily to higher local currency revenue from broad-based volume increases andan increase of 5.1% from the impact of foreign currencies.

Current wording

Canada: For the three and six months ended June 30, 2026, Canada revenue increased $4.1 million, or 9.7%, and$9.6 million, or 12.0%, respectively, compared with the same periods in 2025, due primarily to higher local currency revenue from broad-based volume increases andan increase of 0.1% and an increase of 2.5% in each respective period from the impact of foreign currencies.

Previous wording

Latin America: For the three months ended March 31, 2026, Latin America revenue increased $21.1 million, or 64.4%, compared with the same period in 2025. Our acquisition of the majority ownership interest in Trans Union de Mexico contributed 56.0% of the increase. The impact of foreign currencies on organic revenue was an increase of 8.1%.

Current wording

Latin America: For the three and six months ended June 30, 2026, Latin America revenue increased $58.6 million, or 171.8%, and$79.7 million, or 119.2%, respectively, compared with the same periods in 2025. Our acquisition of the majority ownership interest in Trans Union de Mexico contributed 157.5% and 107.8%of the growth in each respective period, with the remaining increase driven primarily by volumes and new business wins. The impact of foreign currencies on organic revenue wasan increase of 9.6% and an increase of 8.9% in each respective period.

Previous wording

United Kingdom: For the three months ended March 31, 2026, United Kingdom revenue increased $13.4 million, or 22.7%, compared with the same period in 2025. Our acquisition of Monevo in the prior year contributed 8.1% of the increase. The impact of foreign currencies on organic revenue was an increase of 7.5%.

Current wording

United Kingdom: For the three and six months ended June 30, 2026, United Kingdom revenue increased $6.3 million, or 9.3%, and$19.6 million, or 15.5%, respectively, compared with the same periods in 2025 due to an increase in volume andan increase of 0.7% and 4.2%, in each respective period from the impact of foreign currencies. Our acquisition of Monevo in the prior year contributed 3.8% of the increase for the six months ended June 30, 2026.

Previous wording

Africa: For the three months ended March 31, 2026, Africa revenue increased $4.0 million, or 23.4%, comp ared with the same period in 2025, due primarily to volume growth in emerging verticals, andan increase of 13.8% from the impact of foreign currencies.

Current wording

Africa: For the three and six months ended June 30, 2026, Africa revenue increased $2.8 million, or 15.5%, and$6.8 million, or 19.4%, respectively, comp ared with the same periods in 2025, due primarily to volume growth in emerging verticals, andan increase of 10.9% and 12.3% in each respective period from the impact of foreign currencies.

Previous wording

Asia Pacific: For the three months ended March 31, 2026, Asia Pacific revenue decreased $4.9 million, or 18.2%, compared with the same period in 2025, due primarily to prior year one-time contracts, partially offset by batch activity. The impact of foreign currencies wasa decrease in revenue of 0.7%.

Current wording

Asia Pacific: For the three and six months ended June 30, 2026, Asia Pacific revenue decreased $2.4 million, or 9.8%, and $7.3 million, or 14.2%, respectively, compared with the same periods in 2025, due primarily to lower volumes and prior year one-time contracts activity anda decrease of 2.7% and 1.7% in each respective period from the impact of foreign currencies.

Previous wording

For the three months ended March 31, 2026, Adjusted EBITDA increased $11.9 million compared with the same period in 2025 due primarily to increased revenue in most regions as discussed above, partially offset by an increase in expenses due to the increase in revenue. For the three months ended March 31, 2026, Adjusted EBITDA margins decreased 0.9%, due primarily to a shift in the mix of revenues.

Current wording

For the three and six months ended June 30, 2026, Adjusted EBITDA increased $28.8 million and $40.8 million, respectively compared with the same periods in 2025 due primarily to increased revenue in most regions as discussed above, partially offset by an increase in expenses due to the increase in revenue. For the three and six months ended June 30, 2026, Adjusted EBITDA margins were flat in the three-month period anddecreased 50 basis points, in the six month period, due primarily to a shift in the mix of revenues. and integration costs for our recent acquisition.

Previous wording

For thethree months ended March 31, 2026 and 2025, these non-GAAP measures were as follows:

Current wording

For thethree and six months ended June 30, 2026 and 2025, these non-GAAP measures were as follows:

Previous wording

For thethree months ended March 31, 2026, Consolidated Adjusted EBITDA increased $40.7 million compared with the same period in 2025, due primarily to an increase in revenue and the realization of cost savings from the transformation plan, partially offset by higher product costs compared to prior year. For the three months ended March 31, 2026, Consolidated Adjusted EBITDA margin decreased 1.0%, compared with the same period in 2025, due primarily to FICO mortgage royalties in the U.S. Markets segment.

Current wording

For thethree and six months ended June 30, 2026, Consolidated Adjusted EBITDA increased $49.1 million and $89.9 million, respectively, compared with the same periods in 2025, due primarily to an increase in revenue and the realization of cost savings from the transformation plan, partially offset by higher product costs compared to prior year. For the three and six months ended June 30, 2026, Consolidated Adjusted EBITDA margin decreased 90 and 100 basis points, respectively, compared with the same periods in 2025, due primarily to FICO mortgage royalties in the U.S. Markets segment.

Previous wording

For the three months ended March 31, 2026, Adjusted Net Income increased due primarily to improved operating performance, partially offset by an increase in net interest expense and the Adjusted Provision for Income Taxes due to higher pre-tax income.

Current wording

For the three and six months ended June 30, 2026, Adjusted Net Income increased due primarily to improved operating performance, partially offset by an increase in net interest expense and the Adjusted Provision for Income Taxes due to higher pre-tax income.

Previous wording

The trailing twelve months ended March 31, 2026 includes Adjusted EBITDA related to Trans Union de Mexico prior to our acquisition in March 2026.

Current wording

The trailing twelve months ended June 30, 2026 include Adjusted EBITDA related to Trans Union de Mexico and the mobile division of RealNetworks prior to our acquisitions in March and April 2026, respectively.