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TransUnion Adds $1 Billion To Buyback Authorization As Its 10-Q Flags A Fed Rate Hike

The credit bureau's board lifted its repurchase authorization to $2.0 billion, while the quarterly report warns of high mortgage rates.

TransUnion, the credit-data and fraud-prevention company, raised its share repurchase authorization by $1.0 billion to $2.0 billion on October 26, according to its 10-Q filed Tuesday. The same report says the Fed raised interest rates in September, and that it expects mortgage rates to keep weighing on housing.

A bigger buyback, at lower prices

The board first authorized $500.0 million of repurchases on February 11, 2025, then added $500.0 million on October 22, 2025 and the new $1.0 billion on October 26, 2026. The plan has no expiration date, and management is under no obligation to buy.

Third-quarter purchases averaged $80.26 a share, compared with $90.31 a year earlier and $74.66 for the first nine months of 2026. The company bought 1,604.8 thousand shares for $128.8 million in the quarter, and $456.8 million remains available under the 2025 authorizations as of September 30, 2026.

In its earnings release, TransUnion said it expects to repurchase up to $500 million of shares in 2026 and raised its quarterly dividend to $0.135 from $0.125.

The rate language turned darker

The prior quarter's filing described rates as elevated. The new one cites persistent inflation behind a 25 basis point (a quarter of a percentage point) Fed hike in September 2026, the first after 175 basis points of easing across six cuts from September 2024 to December 2025.

The 10-year Treasury yield is at its highest since 2002, the filing says, and TransUnion foresees housing staying depressed by costly 30-year mortgages. Consumer and auto lending could soften too.

The prior filing's Middle East passages were trimmed, but the tariff warning stays: sustained significantly higher tariffs could slow U.S. and global growth, raising recession and inflation risks in many of its markets.

Mortgage lifts growth, debt is floating

Financial Services revenue rose 10.8% in the third quarter, and a majority of that growth came from Mortgage, mainly through price increases, including FICO mortgage royalties. Total revenue rose 12.2% to $1,312.5 million.

TransUnion buys a controlling stake in Trans Union de Mexico for $659.6 million in cash on March 2, funded largely by its revolving credit line. Borrowings on that facility stood at $520.0 million on September 30 at a 5.15% variable rate. It also prepaid $104.5 million on a term loan.

New swaps fixing rates on $300.0 million of debt run from December 31, 2026 to December 31, 2028, and the company expects to sign more in the fourth quarter to replace swaps expiring December 31, 2026.

The next test is the fourth-quarter swap replacement, set against a $500 million repurchase target for 2026 that the company laid out in its earnings release.