Half-year results FY24

Good growth in H1: strong strategic execution

7am, 15 November 2023 ─ Experian plc, the global information services company, today issues its financial report for the six months ended 30 September 2023.

Brian Cassin, Chief Executive Officer, commented:

“We delivered good growth in H1. We grew in every region and across both B2B and Consumer Services. Our growth is due to the breadth of our portfolio, contributions from new products and ongoing new customer wins. Overall, we are successfully executing our strategy for growth and this continues to help us to navigate the macroeconomic environment well. Revenue growth was in line with our expectations, up 6% at actual exchange rates from ongoing activities and 5% at constant exchange rates, with organic revenue growth of 5%. Benchmark EBIT margin expansion was up 20 basis points at constant currency, and we delivered Benchmark earnings per share up 8%.

“For FY24, we continue to expect organic revenue growth in the range of 4% to 6% and modest margin accretion, all at constant exchange rates and on an ongoing basis.”




Actual rates growth %

Constant rates growth %

Organic growth %2







Revenue – ongoing activities3


3,224 6                 5 5
Benchmark EBIT – ongoing activities3,4 929 877 6 6 n/a
Total Benchmark EBIT 928 873 6 6 n/a
Benchmark EPS USc 70.4 USc 65.4 8 8 n/a
Revenue 3,424 3,247 5 n/a n/a
Operating profit 799 513 56 n/a n/a
Profit before tax 763 517 48 n/a n/a
Basic EPS USc 62.3 USc 33.5 86 n/a n/a
First interim dividend USc 18.0 USc 17.0 6 n/a n/a

1. See Appendix 1 (page 14) and note 6 to the condensed interim financial statements for definitions of non-GAAP measures.
2. Organic revenue growth is at constant currency. 
3. Revenue and Benchmark EBIT for the six months ended 30 September 2022 have been re-presented for the reclassification to exited business activities of certain Business-to-Business (B2B) businesses, detail is provided in notes 7(a) and 8 to the condensed interim financial statements.
4. See page 15 for reconciliation of Benchmark EBIT from ongoing activities to Profit before tax.


  • Good H1 progress. Q1 organic revenue growth was 5%, with Q2 organic revenue growth also at 5%, taking total revenue growth from ongoing activities to 5% at constant exchange rates and 6% at actual rates.
  • Consumer Services organic revenue up 6%. We now serve 178 million free members, up 21 million year-on-year.
  • B2B organic revenue growth of 4%. Superior data, new product performance and successful new business development drive growth.
  • All regions contribute positively. Double-digit growth in Latin America, a good performance in North America, improvement in EMEA and Asia Pacific, and resilient growth in UK and Ireland.
  • Benchmark EBIT from ongoing activities rose 6% to US$929m, with the Benchmark EBIT margin of 27.2%, up 20 basis points at constant currency and stable at actual exchange rates.
  • Strong financial position. Net debt to EBITDA of 1.8x and low average interest rates, c.3%, on our Net debt due to our forward rate fixing programme.
  • Good progress in EPS. Benchmark EPS up 8%, at constant and actual exchange rates. Basic EPS up 86%.
  • Benchmark operating cash flow conversion of 77% in our seasonally weaker half of the year for cashflow.
  • Statutory profit before tax of US$763m, up 48% (FY23: US$517m), due to revenue growth and reduced non-benchmark costs.
  • First interim dividend up 6% to USc 18.0 per ordinary share.

View the full press release in PDF format.


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There will be a presentation today at 9.30am (UK time) to analysts and investors via webcast. To view the slides and listen in online please go to www.experianplc.com for the link.

Experian will update on third quarter trading for FY24 on 16 January 2024.


Certain financial data has been rounded within this announcement. As a result of this rounding, the totals of data presented may vary slightly from the actual arithmetic totals of such data.

Forward-looking statements

Certain statements made in this announcement are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results referred to in these forward-looking statements. See the risk section on page 13 and note 27 to the condensed interim financial statements for further information on risks and uncertainties facing Experian.

Company website

Neither the content of the Company’s website, nor the content of any website accessible from hyperlinks on the Company’s website (or any other website), is incorporated into, or forms part of, this announcement.

About Experian

Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.

We have 22,400 people operating across 32 countries and every day we’re investing in new technologies, talented people, and innovation to help all our clients maximise every opportunity. With corporate headquarters in Dublin, Ireland, we are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.