XIII
Data Validation Report
================================================================================ DATA INTEGRITY & VALIDATION REPORT ================================================================================ Stock: EFX Company: EFX Sector: Industrials | Industry: Consulting ServicesEquifax Inc Validation Date: 2026-03-24T22:55:29.430238 Data Sources: FinQual (10-year annual) + fiscal.ai (quarterly real-time) + Alpha Vantage Source Priority: fiscal.ai (real-time) > FinQual (API) -------------------------------------------------------------------------------- 📊 FORMULA VERIFICATIONS -------------------------------------------------------------------------------- ✓ EPS Verification (FY 2025 GAAP): Formula: Net Income / Shares Outstanding Calculation: $664,300,000 / 120,269,998 shares = $5.52 Reported EPS: $5.52 Status: ✅ VERIFIED ✓ Gross Margin Verification (FY 2025 GAAP): Formula: Gross Profit / Revenue × 100 Calculation: $3,428,900,000 / $6,074,500,000 × 100 = 56.45% Status: ✅ VALID (0-100%) ✓ Operating Margin Verification (FY 2025 GAAP): Formula: Operating Income / Revenue × 100 Calculation: $1,095,200,000 / $6,074,500,000 × 100 = 18.03% Hierarchy Check: Operating Margin (18.03%) ≤ Gross Margin (56.45%) Status: ✅ VALID ✓ P/E Ratio Verification: Formula: Current Price / TTM EPS Calculation: $169.50 / $5.52 = 30.69x Status: ✅ VERIFIED 📋 METRIC CLASSIFICATIONS -------------------------------------------------------------------------------- [HISTORICAL DATA AVAILABILITY]: Annual Statements: 10 years (2016 - 2025) Quarterly Data: 10 periods (latest: Dec '25) Source: FinQual 10-K + fiscal.ai scraping [TTM - Trailing Twelve Months] (as of Dec '25): Revenue: $6,074,500,000 Net Income: $660,300,000 EPS (Diluted): $5.32 Source: fiscal.ai quarterly scraping [FY 2025 GAAP] (Annual Audited): Revenue: $6,074,500,000 Net Income: $664,300,000 EPS (Diluted): $5.52 Source: FinQual 10-K filings [Current Market Data]: Stock Price: $169.50 Market Cap: $20,750,000,000 Source: fiscal.ai real-time scraping (verified) ⚠️ DATA DISCREPANCIES & RESOLUTIONS -------------------------------------------------------------------------------- ✅ No significant discrepancies between data sources All metrics validated within tolerance thresholds 🔍 DATA QUALITY ASSESSMENT -------------------------------------------------------------------------------- ✅ All data quality checks passed - Historical data: 10 years available - Quarterly data: 10 quarters available - Current price: Verified from fiscal.ai real-time scraping 📝 DATA EXCLUSIONS & ADJUSTMENTS -------------------------------------------------------------------------------- The following adjustments were made to ensure data accuracy: • Non-GAAP metrics clearly labeled as [Adjusted] • Forward estimates labeled as [Forward Estimate] with source attribution • Missing or invalid data points marked as 'N/A' rather than estimated • fiscal.ai quarterly data preferred over annual for recency ================================================================================ VALIDATION SUMMARY ================================================================================ ✅ Overall Status: PASSED 📊 Data Completeness: • Annual Statements: 10 years • Quarterly Data: 10 quarters • Balance Sheet: 10 years 🔒 Data Integrity: • Formula Verifications: Completed • Margin Validations: Completed • Cross-Source Checks: 0 discrepancies resolved ✓ Institutional-Grade Standards: • All metrics labeled with data type (FY GAAP/TTM/Adjusted/Forward) • Source attribution for all data points • Formula calculations shown and verified • Data hierarchy validated (Operating ≤ Gross margins) ================================================================================