olivLaw · European equity research
Experian plc EXPN.L
United Kingdom · London Stock Exchange · ISIN GB00B19NLV48 · Vertical: Listed companies from United Kingdom
Experian plc is a global data and analytics group headquartered in Dublin and listed on the London Stock Exchange, providing credit risk assessment, identity verification and marketing solutions. The group keeps investors engaged through interim dividends, and results for the year ended 31 March 2026 show a payout framework supported by a large base of shares in issue.
At the close of 05 Nov 2026, Experian plc (EXPN.L) stock was 31.32 GBP (+1.20% on the day), with beta 0.55, 52-week range 23.75–35.16 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 69.0
- strong (55–70)
- Bollinger (20, 2)
- 25.85 – 32.10
- in the upper half of the band · %B 0.88 · band width 21.6%
- SMA 50 / 200
- 27.93 / 27.15
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.97 / 0.75
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +25.1% | −0.6% | +25.8 pp | — |
| 3 months | +10.7% | −4.2% | +14.8 pp | — |
| 6 months | +17.9% | +4.3% | +13.5 pp | — |
| Year to date | −6.9% | +7.5% | −14.4 pp | — |
| 1 year | −13.1% | +9.9% | −23.1 pp | +5.8% |
| 3 years | +20.0% | +49.8% | −29.9 pp | +26.3% |
| 5 years | −9.5% | +42.8% | −52.3 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
the price (USD) and the reports are in different currencies
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 7.1 bn | 7.5 bn | 8.4 bn |
| Revenue YoY | unavailable | +6.0% | +12.3% |
| Net income | 1.2 bn | 1.2 bn | 1.5 bn |
| Net income YoY | unavailable | −2.8% | +28.8% |
| Diluted EPS | 1.30 | 1.27 | 1.63 |
| Diluted EPS YoY | unavailable | −2.8% | +29.2% |
| net % | 16.9% | 15.5% | 17.8% |
| Free cash flow | 1.7 bn | 2.0 bn | 2.2 bn |
Balance sheet & financial health
Fiscal year 2026 · 31 Mar 2026
- Cash
- 328.0 m USD
- Financial debt
- 4.7 bn USD
- Net debt
- 4.3 bn USD
- Equity
- 5.6 bn USD
- Total assets
- unavailable USD
- Debt / equity
- 0.84x
- Current ratio
- 0.85x
- ROE
- 28.1%
- ROA
- unavailable
- FCF margin
- 25.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 7.1 bn | 7.5 bn | 8.4 bn | esef· 11 Jun 2026verified |
| Operating income | 1.7 bn | 1.8 bn | 2.0 bn | esef· 11 Jun 2026verified |
| Depreciation & amortisation | 714.0 m | 758.0 m | 876.0 m | esef· 11 Jun 2026verified |
| EBITDA | 2.4 bn ≈ | 2.6 bn ≈ | 2.9 bn ≈ | esef· 11 Jun 2026derived |
| Interest expense | 160.0 m | 267.0 m | 132.0 m | esef· 11 Jun 2026verified |
| Pre-tax income | 1.6 bn | 1.5 bn | 2.0 bn | esef· 11 Jun 2026verified |
| Income tax | 348.0 m | 379.0 m | 443.0 m | esef· 11 Jun 2026verified |
| Net income | 1.2 bn | 1.2 bn | 1.5 bn | esef· 11 Jun 2026verified |
| Diluted EPS | 1.30 | 1.27 | 1.63 | esef· 11 Jun 2026verified |
| Dividend per share | 0.56 | 0.60 | 0.65 | esef· 11 Jun 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|
| Cash | 312.0 m | 368.0 m | 328.0 m | esef· 11 Jun 2026verified |
| Receivables | 1.7 bn | 1.7 bn | 2.3 bn | esef· 11 Jun 2026verified |
| Current assets | 2.1 bn | 2.1 bn | 2.7 bn | esef· 11 Jun 2026verified |
| Property, plant & equipment, net | 379.0 m | 350.0 m | — | esef· 10 Jun 2025verified |
| Goodwill | 6.0 bn | 6.7 bn | 7.3 bn | esef· 11 Jun 2026verified |
| Intangibles (excl. goodwill) | 2.4 bn | 2.9 bn | 3.1 bn | esef· 11 Jun 2026verified |
| Accounts payable | 2.0 bn | 2.1 bn | 2.2 bn | esef· 11 Jun 2026verified |
| Long-term debt | 3.5 bn | 4.2 bn | 4.7 bn | esef· 11 Jun 2026verified |
| Current liabilities | 3.0 bn | 3.0 bn | 3.2 bn | esef· 11 Jun 2026verified |
| Equity | 4.7 bn | 5.1 bn | 5.6 bn | esef· 11 Jun 2026verified |
| Shares outstanding at year end | 913.2 m | 913.8 m | 913.1 m | esef· 11 Jun 2026derived |
Cash flow · USD
| Line | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 1.7 bn | 2.0 bn | 2.2 bn | esef· 11 Jun 2026verified |
| Capex | 40.0 m | 48.0 m | 49.0 m | esef· 11 Jun 2026verified |
| Free cash flow | 1.7 bn ≈ | 2.0 bn ≈ | 2.2 bn ≈ | esef· 11 Jun 2026derived |
| Investing cash flow | -1.1 bn | -1.8 bn | -1.3 bn | esef· 11 Jun 2026verified |
| Financing cash flow | -551.0 m | -62.0 m | -954.0 m | esef· 11 Jun 2026verified |
| Dividends paid | 510.0 m | 548.0 m | 592.0 m | esef· 11 Jun 2026verified |
| Share repurchases | 120.0 m | 199.0 m | 727.0 m | esef· 11 Jun 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 47.9% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Price and reporting are in different currencies; market indicators are unavailable.
Key indicators
Coverage and freshness
Score by group
48% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 8.48 – 28.45 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · not enough peers
- Peers: P/E18.45 – 28.45 (Mid 23.57)17 companies used · median multiple 14.4x · quartiles 11.3x – 17.4x0EV1.L, ABDN.L, ABF.L, AIRE.L, AJB.L, ALFA.L, AMIF.L, APTD.L, ASHM.L, AUTO.L, BAB.L, BAG.L, BATS.L, BBY.L, BCG.L, BKG.L, BME.L
- Dividend discount (DDM)8.48 – 11.40 (Mid 9.72)
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 47.9% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 16.7% | 63 (vs peers) | 22% |
| Net margin · Quality | 17.8% | 69 (vs peers) | 13% |
| FCF conversion · Quality | 145.8% | 100 (on a fixed band) | 13% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 1.5x | 72 (on a fixed band) | 22% |
| Interest coverage · Balance sheet | 15.5x | 100 (on a fixed band) | 13% |
| Current ratio · Balance sheet | 0.9x | 5 (on a fixed band) | 9% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | 27.0% | 100 (on a fixed band) | 9% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet67/100 · 3/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality74/100 · 3/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Experian plc (EXPN.L). Latest full fiscal year: 2026; data up to 2026-03-31.
Figures computed from the financial statements: revenue 8.4 bn USD in 2026; YoY growth 12.3%; net margin 17.8%; ROE 28.3%; net debt/EBITDA 1.5x.
The estimated value range is 13.46–19.92 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 47.9% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 145.8%
- Net debt / EBITDA: 1.5x
- Interest coverage: 15.5x
- Payout ratio (FCF): 27.0%
What contradicts it
- Current ratio: 0.9x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
| AEP.LAnglo-Eastern Plantations PLC | — | — | 16.1% | 19.5% | +25.0% | +5% / +113% |
1- and 3-year price returns: for EXPN.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Experian plc is a global data and analytics group headquartered in Dublin and listed on the London Stock Exchange, providing credit risk assessment, identity verification and marketing solutions. The group keeps investors engaged through interim dividends, and results for the year ended 31 March 2026 show a payout framework supported by a large base of shares in issue 1.
SWOT
Strengths
- The group's global scale and presence on several continents provide a broad base of data and clients.
- The London Stock Exchange listing and FTSE 100 membership support visibility and access to capital.
- A clearly communicated interim dividend structure signals a steady relationship with shareholders.
Weaknesses
- Reliance on data regulation across several jurisdictions increases operational complexity.
- A shareholder base concentrated among institutional investors may limit liquidity for individual investors.
- Minority stakes in associated companies limit direct influence over those activities.
Opportunities
- Growing demand for identity verification and fraud prevention could expand product segments.
- Use of artificial intelligence models could open new analytics services for clients.
- Expanding partnerships in emerging markets could diversify revenue sources.
Threats
- Tighter personal data regulation could limit current business models.
- Competition from specialist providers could reduce market share in certain segments.
- A slowdown in lending activity could reduce demand for scoring products.
Risks
- Personal data regulationhigh
Legislative changes on the collection and use of data could impose additional compliance costs and operational restrictions.
- Legal liability for datahigh
Litigation over the accuracy of credit information or the use of data could lead to sanctions and unforeseen costs.
- Economic cyclemedium
A deterioration in economic conditions could reduce lending volumes and demand for analytics services.
- Information securitymedium
A security incident affecting databases could damage reputation and client relationships.
- Currency exposurelow
International activity exposes the group to exchange rate fluctuations, which could influence results reported in the presentation currency.
Investment thesis
What would need to be true (bull case)
- Global scale and geographic diversification could support revenue growth over the medium term if demand for data and verification remains solid.
- Rising demand for identity verification could support expansion into higher-margin product segments.
- A dividend policy with steady interim payments could sustain long-term investor interest.
What would break the thesis
- Tighter data regulation could raise costs and limit current models of collection and use.
- A slowdown in lending could reduce demand for scoring, potentially affecting revenue in core segments.
- Competition from specialist providers could pressure margins in certain product categories.
What to watch
- First-quarter trading update and segment revenue trends for the year to March 2027Q1 2027
- Annual general meeting and payment of the second interim dividendJuly 2026
- Half-yearly report and trends in regulatory compliance spendingNovember 2026
- Preliminary full-year results for the year to March 2027 and outlook for the following yearMay 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Experian plc is the parent of a group active in data and analytics, with corporate headquarters in Dublin, operational headquarters in Costa Mesa, California, and a registered office in Jersey 1. Its ordinary shares are listed on the London Stock Exchange and are part of the FTSE 100 index, and the group also has ADR and BDR programmes, the latter listed on B3 in Brazil 1. The group holds stakes in several associates in the USA, Australia, South Africa and the UK, as well as pension and share plan vehicles 1.
The shareholder base is concentrated among institutional investors: most shares are held by corporates, while a small share belongs to individuals, indicating a predominantly institutional investor base 1. Treasury shares represent a small part of the total, and the group communicates results and its financial calendar through quarterly updates, a half-yearly report and an annual report 1.
Experian communicates regularly with investors through quarterly trading updates, the half-yearly report and full-year results, and the financial calendar for the coming period includes the first-quarter trading update and the AGM in July 2026 1. Dividend payments follow a scheme with two interim dividends, which makes the dividend an important part of the relationship with shareholders 1.
Segments
Global data and analytics operations
The group operates through operating companies in the USA, Brazil and the UK, indicating a broad geographic footprint for consumer data and business services 1.
Stakes in associated companies
The group holds minority stakes in companies such as Who Owns Whom in South Africa, Simple KYC in Australia and several US entities linked to data and scoring, which extends access to verification and credit markets 1.
Market context
The global market for credit, identity verification and marketing data is dominated by a few large operators, and Experian operates across several continents, placing it in a position of scale 1. Its presence in Brazil through Serasa Experian and in the UK points to a consumer market that is sensitive to regulation and data protection requirements 1.
Demand for identity verification and risk analysis depends on the lending activity of banks and financial service providers, and regulation of these activities directly influences the volume of data traded 1.
Trends
- Data protection regulationheadwind
Laws such as the GDPR, Brazil's LGPD and California's CCPA impose tighter constraints on the collection and use of data, which could raise compliance costs if requirements expand 1.
- Artificial intelligence and data modelsmixed
The development of AI and large language models opens new use cases for data analytics and automation, but also raises questions of compliance and transparency 1.
- Demand for identity verificationtailwind
Rising digital fraud supports demand for identity verification and fraud prevention solutions, a segment the group visibly relies on 1.
- Credit cyclemixed
Credit application volumes depend on economic conditions and interest rates, and a contraction in lending could reduce demand for scoring and credit reports 1.
Competitive position
Experian competes with other global providers of credit information and consumer data, including US-based operators, and in certain segments with specialist identity verification and marketing providers 1. Its stakes in VantageScore Solutions and other US associates indicate a network of partnerships in the scoring industry 1.
Competitive position depends on data quality, geographic coverage and the ability to integrate new analytics products, and the partnership network in the USA and other countries helps maintain this position 1.
- TransUnionTRU
US-based credit information and risk analytics provider, a direct competitor in scoring and identity verification.
- EquifaxEFX
US-based credit data and analytics provider, active in the same credit and verification segments.
- Fair Isaac CorporationFICO
Provider of scoring and predictive analytics, a competitor in credit risk assessment.
- Dun & BradstreetDNB
Provider of commercial data and analytics for businesses, active in marketing and risk assessment segments.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202611 Jun 2026
- Annual report 202510 Jun 2025
Sources
- [1] Annual report, fiscal year ended 2026-03-31 (ESEF) · SEC / Experian plc · 31 Mar 2026
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.