Demonstrações financeiras detalhadas de TransUnion (TRU): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
TransUnion registou receitas de $4.58B no último exercício, com um CAGR de 5 anos de 12.6%. O lucro líquido atingiu $455.4M, com CAGR de 5 anos de 5.8%.
Margens dos últimos 12 meses: margem bruta 55.8%, margem operacional 22.1%, margem líquida 17.3%. O fluxo de caixa livre cresceu a CAGR de 2.9% em 5 anos.
Ao preço atual de $74.66, TRU negocia a um P/L de 19.97 e um ROE de 18.32%. A capitalização de mercado é de $14.3B, colocando-a entre as empresas large-cap.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $1.70B | $1.93B | $2.32B | $2.46B | $2.53B | $2.96B | $3.71B | $3.83B | $4.18B | $4.58B |
| Custo da Receita | $579.1M | $645.7M | $790.1M | $805.5M | $853.9M | $1.02B | $1.39B | $1.52B | $1.67B | $1.87B |
| Lucro Bruto | $1.13B | $1.29B | $1.53B | $1.66B | $1.68B | $1.94B | $2.32B | $2.31B | $2.51B | $2.70B |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $560.1M | $585.4M | $707.7M | $777.4M | $793.3M | $909.0M | $1.15B | $1.17B | $1.24B | $1.26B |
| Despesas Operacionais | $825.3M | $823.4M | $1.01B | $1.12B | $1.18B | $1.29B | $1.70B | $2.19B | $1.84B | $1.85B |
| Lucro Operacional | $300.5M | $464.7M | $512.5M | $541.7M | $500.3M | $651.9M | $626.3M | $128.5M | $666.7M | $857.8M |
| EBITDA | $556.1M | $698.1M | $787.9M | $886.8M | $862.5M | $995.2M | $1.13B | $667.3M | $1.20B | $1.45B |
| Despesas com Juros | $86.9M | $99.5M | $151.1M | $190.6M | $134.9M | $132.2M | $230.9M | $288.2M | $265.2M | $235.8M |
| Lucro Antes de Impostos | $205.4M | $372.5M | $343.5M | $374.5M | $389.5M | $505.6M | $383.0M | -$145.3M | $401.1M | $643.0M |
| Imposto | $74.0M | -$79.1M | $54.5M | $70.5M | $83.7M | $131.9M | $118.9M | $44.7M | $98.8M | $173.1M |
| Lucro Líquido | $120.6M | $441.2M | $276.6M | $346.9M | $343.2M | $1.39B | $266.3M | -$206.2M | $284.4M | $455.4M |
| LPA | $0.66 | $2.42 | $1.50 | $1.85 | $1.81 | $7.25 | $1.40 | $-1.07 | $1.46 | $2.34 |
| LPA Diluído | $0.65 | $2.32 | $1.45 | $1.81 | $1.79 | $7.19 | $1.40 | $-1.07 | $1.45 | $2.32 |
| Ações em Circulação (Diluídas) | $184.6M | $189.9M | $190.9M | $191.8M | $192.2M | $193.0M | $193.1M | $193.4M | $196.7M | $196.6M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $1.17B | $1.17B | $1.25B | $1.31B |
| Lucro Bruto | $543.6M | $695.2M | $726.2M | $765.0M |
| Lucro Operacional | $212.8M | $203.6M | $244.8M | $418.5M |
| EBITDA | $358.2M | $351.4M | $642.4M | $479.4M |
| Lucro Líquido | $96.6M | $101.2M | $397.2M | $252.9M |
| LPA | $0.50 | $0.52 | $2.06 | $0.75 |
| LPA Diluído | $0.49 | $0.52 | $2.04 | $0.74 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $182.2M | $115.8M | $187.4M | $274.1M | $493.0M | $1.84B | $585.3M | $476.2M | $679.5M | $853.6M |
| Investimentos de Curto Prazo | $32.8M | $21.6M | $26.5M | $33.6M | $3.2M | $3.1M | $2.6M | $2.7M | $2.5M | $2.7M |
| Contas a Receber | $283.4M | $366.9M | $477.6M | $479.5M | $394.6M | $563.2M | $602.2M | $723.0M | $888.6M | $905.0M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $550.0M | $588.7M | $841.5M | $887.7M | $1.47B | $2.63B | $1.45B | $1.48B | $1.80B | $2.02B |
| Imobilizado | $197.5M | $198.6M | $220.3M | $290.2M | $279.5M | $392.9M | $345.7M | $298.2M | $259.4M | $307.6M |
| Ágio | $2.17B | $2.37B | $3.29B | $3.38B | $3.23B | $5.53B | $5.55B | $5.18B | $5.14B | $5.26B |
| Ativos Intangíveis | $1.76B | $1.83B | $2.55B | $2.39B | $2.17B | $3.77B | $3.68B | $3.52B | $3.26B | $3.10B |
| Ativos Totais | $4.78B | $5.12B | $7.04B | $7.11B | $7.31B | $12.63B | $11.67B | $11.11B | $10.98B | $11.11B |
| Contas a Pagar | $114.2M | $131.3M | $169.9M | $176.2M | $188.4M | $270.2M | $250.4M | $251.3M | $294.6M | $349.9M |
| Dívida de Curto Prazo | $50.4M | $119.3M | $71.7M | $58.7M | $55.5M | $114.6M | $114.6M | $89.6M | $70.6M | $196.9M |
| Passivos Circulantes | $373.3M | $458.4M | $548.5M | $571.4M | $669.8M | $1.36B | $905.5M | $1.00B | $1.06B | $1.15B |
| Dívida de Longo Prazo | $2.33B | $2.35B | $3.98B | $3.60B | $3.40B | $6.25B | $5.56B | $5.25B | $5.08B | $4.91B |
| Passivos Totais | $3.31B | $3.29B | $5.06B | $4.77B | $4.68B | $8.63B | $7.40B | $7.00B | $6.67B | $6.57B |
| Reservas | -$303.8M | $137.4M | $363.1M | $652.0M | $937.4M | $2.25B | $2.45B | $2.16B | $2.36B | $2.72B |
| Patrimônio Líquido | $1.36B | $1.73B | $1.89B | $2.25B | $2.54B | $3.91B | $4.17B | $4.01B | $4.22B | $4.44B |
| Dívida Total | $2.38B | $2.46B | $4.05B | $3.73B | $3.52B | $6.52B | $5.81B | $5.45B | $5.21B | $5.16B |
| Dívida Líquida | $2.16B | $2.33B | $3.83B | $3.43B | $3.02B | $4.68B | $5.22B | $4.97B | $4.53B | $4.30B |
| Capital de Giro | $176.7M | $130.3M | $293.0M | $316.3M | $799.9M | $1.27B | $544.7M | $472.4M | $742.2M | $861.9M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $749.9M | $853.6M | $732.5M | $839.1M |
| Ativos Totais | $11.11B | $11.11B | $12.05B | $12.19B |
| Passivos Totais | $6.53B | $6.57B | $7.13B | $7.19B |
| Patrimônio Líquido | $4.47B | $4.44B | $4.75B | $4.84B |
| Dívida Total | $5.18B | $5.16B | $5.68B | $5.66B |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $131.4M | $451.6M | $289.0M | $356.6M | $355.6M | $370.5M | $267.3M | -$190.1M | $302.3M | $455.4M |
| Depreciação e Amortização | $265.2M | $238.0M | $306.9M | $362.1M | $367.9M | $377.0M | $519.0M | $524.4M | $537.8M | $574.8M |
| Compensação em Ações | $24.4M | $33.1M | $57.9M | $51.0M | $44.3M | $69.2M | $82.8M | $100.6M | $121.2M | 0 |
| Variação Capital de Giro | -$13.6M | -$57.3M | -$55.4M | $22.8M | $47.1M | -$44.9M | -$511.2M | -$73.9M | -$53.7M | -$217.6M |
| Fluxo de Caixa Operacional | $389.9M | $468.0M | $555.7M | $776.7M | $787.4M | $808.3M | $297.2M | $645.4M | $832.5M | $987.6M |
| CapEx | -$124.0M | -$135.3M | -$180.1M | -$198.5M | -$214.1M | -$224.2M | -$298.2M | -$310.7M | -$315.8M | -$326.0M |
| Aquisições | -$362.8M | -$356.1M | -$1.83B | -$46.3M | -$71.7M | -$3.67B | -$524.3M | -$500000 | $1.8M | -$55.7M |
| Recompra de Ações | -$700000 | -$133.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$302.0M |
| Dividendos Pagos | 0 | 0 | -$41.6M | -$56.8M | -$57.6M | -$69.8M | -$77.8M | -$81.8M | -$82.7M | -$90.5M |
| Fluxo de Caixa Livre | $265.9M | $332.7M | $375.6M | $578.2M | $573.3M | $584.1M | -$1.0M | $334.7M | $516.7M | $661.6M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $324.3M | $319.5M | $84.2M | $374.9M |
| CapEx | -$83.9M | -$96.7M | -$65.2M | -$69.2M |
| Fluxo de Caixa Livre | $240.4M | $222.8M | $19.0M | $305.7M |
| Dividendos Pagos | -$23.2M | -$22.2M | -$77.6M | -$28.0M |
| Compensação em Ações | $36.4M | 0 | $37.5M | $39.1M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +13.4% | +19.8% | +6.3% | +2.7% | +17.0% | +25.3% | +3.3% | +9.2% | +9.4% |
| Crescimento Lucro Líquido (anual) | | +265.8% | -37.3% | +25.4% | -1.1% | +305.1% | -80.8% | -177.4% | +237.9% | +60.1% |
| Crescimento LPA (anual) | | +266.7% | -38.0% | +23.3% | -2.2% | +300.6% | -80.7% | -176.4% | +236.4% | +60.3% |
| Variação de Ações (anual) | | +2.9% | +0.5% | +0.5% | +0.2% | +0.4% | +0.1% | +0.2% | +1.7% | -0.1% |
| Crescimento FCF (anual) | | +25.1% | +12.9% | +53.9% | -0.8% | +1.9% | -100.2% | +33570.0% | +54.4% | +28.0% |
| Margem Bruta | 66.0% | 66.6% | 65.9% | 67.3% | 66.3% | 65.5% | 62.7% | 60.4% | 60.0% | 59.1% |
| Margem Operacional | 17.6% | 24.0% | 22.1% | 22.0% | 19.8% | 22.0% | 16.9% | 3.4% | 15.9% | 18.7% |
| Margem EBITDA | 32.6% | 36.1% | 34.0% | 36.0% | 34.1% | 33.6% | 30.5% | 17.4% | 28.8% | 31.8% |
| Margem Líquida | 7.1% | 22.8% | 11.9% | 14.1% | 13.6% | 47.0% | 7.2% | -5.4% | 6.8% | 10.0% |
| Margem FCF | 15.6% | 17.2% | 16.2% | 23.5% | 22.7% | 19.7% | -0.0% | 8.7% | 12.4% | 14.5% |
| Taxa Efetiva de Imposto | 36.0% | -21.2% | 15.9% | 18.8% | 21.5% | 26.1% | 31.0% | -30.8% | 24.6% | 26.9% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $1.44 | $1.75 | $1.97 | $3.01 | $2.98 | $3.03 | $-0.01 | $1.73 | $2.63 | $3.37 |
| Dividendo por Ação | $0.00 | $0.00 | $0.22 | $0.30 | $0.30 | $0.36 | $0.40 | $0.42 | $0.42 | $0.46 |
| Ações em Circulação (Básicas) | $182.6M | $182.4M | $184.6M | $187.8M | $189.9M | $191.4M | $192.5M | $193.4M | $194.4M | $194.4M |
O que olhar em Serviços Financeiros
Asset managers, brokers, fintech, bolsas. Não são bancos — olha AUM, comissões e qualidade do FCF.
- Crescimento receita 5 anos — Sem crescimento, não há criação de valor a longo prazo
- Margem operacional — Bons asset managers têm margens >30% pela escalabilidade
- ROE — Serviços financeiros de qualidade têm ROE >15% consistente
- FCF / Net Income — Qualidade do lucro — >90% esperado em negócios leves em capital
- Dívida / Equity — Fintech e brokers com D/E alto são bombas-relógio em crise
- P/E vs próprio 5 anos — Asset managers têm múltiplos estáveis em intervalos conhecidas
- Dividend yield + buybacks — Estes negócios devolvem muito capital — olhar yield total (div + recompras)
Rentabilidade
| Retorno sobre patrimônio | 18.32% |
| Retorno sobre capital investido | 8.95% |
| Retorno sobre ativos | 6.96% |
| Margem bruta | 55.76% |
| Margem operacional | 22.05% |
| Margem líquida | 17.32% |
Saúde financeira
| Dívida / Patrimônio | 1.17 |
| Liquidez corrente | 1.90 |
| Piotroski F-Score | 8 |
| Altman Z-Score | 2.63 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 46.86 | 22.71 | 37.87 | 46.28 | 54.82 | 16.36 | 40.54 | -64.21 | 63.50 | 36.65 |
| P/VP | 4.14 | 5.80 | 5.55 | 7.16 | 7.42 | 5.81 | 2.62 | 3.32 | 4.27 | 3.76 |
| P/V | 3.31 | 5.18 | 4.52 | 6.53 | 7.45 | 7.67 | 2.94 | 3.47 | 4.31 | 3.64 |
| Margem Bruta | 66.0% | 66.6% | 65.9% | 67.3% | 66.3% | 65.5% | 62.7% | 60.4% | 60.0% | 59.1% |
| Margem Operacional | 17.6% | 24.0% | 22.1% | 22.0% | 19.8% | 22.0% | 16.9% | 3.4% | 15.9% | 18.7% |
| Margem Líquida | 7.1% | 22.8% | 11.9% | 14.1% | 13.6% | 47.0% | 7.2% | -5.4% | 6.8% | 10.0% |