An industry chapter · Financial Exchanges & Data

Financial Exchanges & Data

4 members, EFX to TRU, A to Z by ticker.

Gross profitability: median 33% — gross profit as a share of total assets, each member's median across its readable years; read on 3 of 4 members
Capital intensity: median 2.2% — capital expenditure as a share of revenue, each member's median across its readable years; read on 4 of 4 members
Net cash: 0 of the 4 members with a readable debt line hold more cash and short-term investments than total debt

Figures describe the list as a group, from each member's own filed record; they name no member and form no rank. A member missing an input is absent from that median, never counted against the others.

From the latest filings · data as of July 9, 2026.

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EFX Equifax Inc.

Equifax Inc. is a global data, analytics and technology company.

Owner earnings 2016–2025 $650M$598M$350M($86M)$525M$866M$133M$516M$813M$1.1B

Retained capital Retained $1.8B of earnings over 2016–2025; annual owner earnings grew $288M, $0.16 per $1 retained.

Balance sheet Heavy net debt, $4.9B · dividend paid 10 of 10 yrs, never cut

MCO Moody's Corporation

Moody's Investors Service Overview MIS is a leading global provider of credit ratings, research, and risk analysis.

Owner earnings 2016–2025 $1.1B$664M$1.4B$1.6B$2.0B$1.9B$1.2B$1.9B$2.5B$2.6B

Retained capital Retained $3.2B of earnings over 2016–2025; annual owner earnings grew $1.3B, $0.40 per $1 retained.

Balance sheet Modest net debt, $4.5B · buybacks at an average near $109 · dividend paid 10 of 10 yrs, never cut

SPGI S&P Global Inc.

S&P Global sells the scorekeeping of finance: credit ratings on bonds and the borrowers that issue them, the stock-market benchmarks that bear its name, and subscriptions to data, analytics and workflow tools for capital, energy and commodity, and automotive markets. Its customers are the bond issuers, banks, investors, asset managers and commodity- and car-market participants who need a trusted number or a place to look it up. It is paid in three main ways — recurring subscriptions to its data and tools, a fee each time a piece of debt is rated, and royalties when a fund or product tracks one of its indices.

Owner earnings 2016–2025 $1.4B$1.9B$2.0B$2.7B$3.5B$3.6B$2.5B$3.6B$5.6B$5.5B

Retained capital Paid out $10.3B more than it earned over 2016–2025; annual owner earnings grew $3.1B.

Balance sheet Modest net debt, $11.3B · buybacks at an average near $202 · dividend paid 10 of 10 yrs, never cut

TRU TransUnion

TransUnion is a leading global information and insights company that makes trust possible between businesses and consumers, helping people around the world access opportunities that can lead to a higher quality of life.

Owner earnings 2016–2025 $266M$331M$376M$589M$582M$584M($1M)$335M$517M$662M

Retained capital Retained $2.7B of earnings over 2016–2025; annual owner earnings grew $180M, $0.07 per $1 retained.

Balance sheet Heavy net debt, $4.4B · buybacks at an average near $1.00 · dividend paid 8 of 10 yrs, never cut

The same four lines for every member, in strict ticker order; a figure that could not be read renders as "not read," never as a mark against the record beside it. The header describes the list and names no member; the entries carry no ranking and form no score. What a chapter cannot carry — understanding of the business, and a price — is yours.