Experian
Website:
Experian
Index:
FTSE 100
EPIC: EXPN
Supersector:
Industrial Goods and Services
Sector:
Support Services
Subsector:
Business Support Services
Market Cap:
£27.3B
Payout Frequency: Semi-Annual
Experian Dividend Analysis and Summary
Key Dividend Details
- Second interim dividend declared: US$0.48 (48.00 US cents) per share.
- Ex-dividend date: 25/06/2026; Record date: 26/06/2026; Payment date: 24/07/2026.
- Full-year dividend for FY26: US$0.6925 (69.25 US cents) per share, up 11% year on year (FY25: 62.50 US cents). First interim paid was 21.25 US cents.
- Approximate FY26 dividend cash cost: US$626m (per note 13).
- Currency: declared in USD; UK holders can receive GBP via the Income Access Share arrangements (IAS).
Dividend Sustainability and Coverage
- Earnings cover: Benchmark EPS 179.8 US cents; payout ratio ~38.5% and dividend cover ~2.6x (179.8 / 69.25).
- Cash cover: Benchmark free cash flow US$1,583m vs FY26 dividend cash cost ~US$626m ? ~2.5x cash coverage; operating cash conversion a robust 93%.
- Balance sheet: Net debt/Benchmark EBITDA 1.7x (within 2.0–2.5x framework); ROCE 17.2%.
Growth Outlook and Support from Performance
- FY26 delivery: revenue +13% (8% organic), Benchmark EBIT margin up to 28.6%, Benchmark EPS +15%.
- FY27 guidance: total revenue +8–11%, organic +6–8%, margin expansion ~+50 bps, and another year of double-digit Benchmark EPS growth — supportive of ongoing dividend growth.
- Operational tailwinds: cloud migration largely complete and AI-driven productivity gains expected to reduce dual-run costs from FY27; capex trending from 8.6% of revenue toward ~7%.
Capital Allocation and Structural Considerations
- Shareholder returns: US$725m buybacks executed in FY26; new US$1bn repurchase programme announced (valid to 30/06/2027). Ongoing buybacks should enhance per-share dividend capacity.
- M&A activity: US$792m invested in FY26 (ClearSale, AtData, KYC360); post year-end acquisitions (Own Up, Konfir) and pending idwall in Brazil. Integration and associated amortisation are manageable within the leverage framework.
- No demergers, share consolidations or other structural capital changes disclosed; minor disposals executed.
- Reporting realignment (B2B split into Financial Services and Verticals) is presentational, not dividend-policy altering.
Risks and Flags Relevant to Dividend Stability
- Regulatory/litigation: CFPB lawsuit in the US, GDPR activity in EU, and class actions (US/Brazil/UK). Management does not expect a material adverse financial effect, but adverse outcomes could raise costs.
- Financing costs: net interest expected to rise to US$250–260m in FY27, a modest headwind to EPS growth.
- Macro/FX: prudence flagged on macro uncertainties (including Middle East); FX movements can influence USD-reported results.
- Integration and margin mix: recent acquisitions temporarily diluted margins in Latin America; execution risk remains, albeit within strong cash generation.
- Investment needs: capex still elevated vs trend (8.6% of revenue) though planned to decline, preserving cash for distributions.
Read more
Experian Annual Dividend Yield - 1.8%
Dividends Used in Calculation:
| Ex-Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 08/01/2026 |
06/02/2026 |
1st Interim |
21.25¢ |
USX |
| 25/06/2026 |
24/07/2026 |
2nd Interim |
48.00¢ |
USX |
Total (Annual Dividends Per Share):
52.12p
(Using exchange rate on 29/07/2026
$ = £0.75262)
Dividend Yield =
Annual Dividends Per Share (52.12p)
÷ Share Price (2898p)
= 1.8%
Experian Dividend History
| Ex Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 25/06/2026 |
24/07/2026 |
2nd Interim |
48.00¢ |
USX |
| 08/01/2026 |
06/02/2026 |
1st Interim |
21.25¢ |
USX |
| 19/06/2025 |
18/07/2025 |
2nd Interim |
43.25¢ |
USX |
| 09/01/2025 |
07/02/2025 |
Interim |
19.25¢ |
USX |
| 20/06/2024 |
19/07/2024 |
2nd Interim |
40.50¢ |
USX |
| 04/01/2024 |
02/02/2024 |
1st Interim |
18.00¢ |
USX |
| 22/06/2023 |
21/07/2023 |
2nd Interim |
37.75¢ |
USX |
| 05/01/2023 |
03/02/2023 |
1st Interim |
17.00¢ |
USX |
| 23/06/2022 |
22/07/2022 |
2nd Interim |
35.75¢ |
USX |
| 06/01/2022 |
04/02/2022 |
1st Interim |
16.00¢ |
USX |
| 24/06/2021 |
23/07/2021 |
2nd Interim |
32.50¢ |
USX |
| 07/01/2021 |
05/02/2021 |
1st Interim |
14.50¢ |
USX |
| 25/06/2020 |
24/07/2020 |
2nd Interim |
32.50¢ |
USX |
| 02/01/2020 |
31/01/2020 |
Interim |
14.50¢ |
USX |
| 02/01/2020 |
31/01/2020 |
1st Interim |
14.50¢ |
USX |
| 27/06/2019 |
26/07/2019 |
2nd Interim |
32.50¢ |
USX |
| 03/01/2019 |
01/02/2019 |
1st Interim |
14.00¢ |
USX |
| 21/06/2018 |
20/07/2018 |
2nd Interim |
31.25¢ |
USX |
| 04/01/2018 |
02/02/2018 |
Interim |
13.50¢ |
USX |
| 04/01/2018 |
02/02/2018 |
1st Interim |
13.50¢ |
USX |
| 22/06/2017 |
21/07/2017 |
2nd Interim |
28.50¢ |
USX |
| 29/12/2016 |
27/01/2017 |
1st Interim |
13.00¢ |
USX |
| 23/06/2016 |
22/07/2016 |
2nd Interim |
27.50¢ |
USX |
| 31/12/2015 |
29/01/2016 |
1st Interim |
12.50¢ |
USX |
| 25/06/2015 |
24/07/2015 |
2nd Interim |
27.00¢ |
USX |
| 02/01/2015 |
30/01/2015 |
1st Interim |
12.25¢ |
USX |
| 25/06/2014 |
25/07/2014 |
2nd Interim |
26.00¢ |
USX |
| 31/12/2013 |
31/01/2014 |
1st Interim |
11.50¢ |
USX |
| 19/06/2013 |
19/07/2013 |
2nd Interim |
24.00¢ |
USX |
| 02/01/2013 |
01/02/2013 |
1st Interim |
10.75¢ |
USX |
| Year |
Interim |
Currency |
Total |
Change |
| 2024 |
|
USX |
58.500 |
6.840 |
| 2023 |
|
USX |
54.750 |
5.790 |
| 2022 |
|
USX |
51.750 |
10.100 |
| 2021 |
|
USX |
47.000 |
-23.570 |
| 2020 |
14.500 |
USX |
61.500 |
32.250 |
| 2019 |
|
USX |
46.500 |
-20.170 |
| 2018 |
13.500 |
USX |
58.250 |
104.380 |
| 2017 |
|
USX |
28.500 |
-29.620 |
| 2016 |
|
USX |
40.500 |
-21.730 |
| 2015 |
|
USX |
51.750 |
99.030 |
| 2014 |
|
USX |
26.000 |
-43.780 |
| 2013 |
|
USX |
46.250 |
|
Experian Dividend Calculator
Experian Dividend Growth
| Dividend Growth (1Y) |
9.52%
|
| Dividend CAGR (5Y) |
8.63%
|
| Years of Growth |
4
|
| Payout Ratio |
39.28%
|
| Buyback Yield |
0.33%
|
| Shareholder Yield |
2.07%
|
| P/E Ratio (TTM) | 24.87 |
|---|
| Forward P/E | 20.27 |
|---|
| P/FCF | 16.41 |
|---|
| Earnings Yield | 4.18% |
|---|
| FCF Yield | 6.09% |
|---|
| ROE | 28.26% |
|---|
| ROCE | 18.14% |
|---|
| Profit Margin | 17.79% |
|---|
| Operating Margin | 24.96% |
|---|
| Gross Margin | 42.01% |
|---|