North America powers Experian as Latin America business slows

15 Jul 2025, 06:11EXPN.LSource

Experian PLC on Tuesday reported higher first-quarter revenue, as strong growth in its largest market, North America, helped offset a slowdown in Latin America.

The world's largest credit data company said total organic revenue grew 8% at constant exchange rates for the three months ended June 30.

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Revenue in North America, which accounts for about two-thirds of the group's total, posted organic growth of 9%, accelerating from 8% in the same period a year earlier.

The company attributed the performance to its business-to-business segment, which grew 12%, citing new products and improved client activity.

In contrast, organic revenue growth in Latin America slowed to 5% from 13% two years prior, as its business-to-business revenue in the region remained flat.

Experian said this was held back by "ongoing macroeconomic volatility and persistently high interest rates" in Brazil.

"We delivered strong Q1 growth and have further advanced our strategic priorities," Chief Executive Officer Brian Cassin said in a statement.

The company added that its financial outlook for the full year remains unchanged.

The UK and Ireland division saw organic revenue grow by 1%, with its business-to-business segment declining 2% amid what the company called a subdued economic environment.

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Experian PLC reported a 13% rise in first-half revenue to $4.06 billion, driven by strong growth in North America, and raised its full-year forecast.