- Price
- $32.65 → $35.48(+8.7%)
- Discount
- 40.6% → 35.5%(−5.1 pts)
- Balance sheet
- Cash: $326M
Debt: $5.5B
Net debt: $5.2B
EBITDA, last 12 months: $3.0B
Net debt / EBITDA: 1.7× (low)
Interest cover: 11×
Undrawn credit line: $2.5B
Debt due within 12 months: $572M
Last debt due: 2035
Ratings: S&P A- (stable outlook), Moody's A3 (stable outlook)
Experian reports in US dollars. Its debt is mostly unsecured bonds that the group issues centrally, not the operating businesses. At March 31, 2026, net debt was $5,179 million. Thisand leverage is 1.7 times Benchmark EBITDA of $3,010 million, below the group's own 2.0 to 2.5 times range, which gives room to fund the new $1 billion buyback and more bolt-on deals and to keep a strong credit rating. NetAt March 31, 2026, debt includedwas $5,028 million of bonds and notes, with $572 million due within one year. It also included $278 million of commercial paper, $90 million of bank loans and $133 million of leases. From thisThe reported net debt was $5, Experian subtracts179 million. The amount due within one year counts the bonds only. EBITDA is Benchmark EBITDA for the year to March 2026, and interest cover is Benchmark EBIT of $3262,397 million over interest expense of cash and deposits$219 million. The bonds are in euros, US dollars and pounds, mostly at fixed rates. A 500 million euro bond fell due on June 25, 2026. The next bond is a 300 million euro floating-rate note due March 2028, and other bonds run to 2035. In the year to March 2026, Benchmark EBIT of $2,397 million covered interest expense of $219 million about 11 times. The company expects net interest of $250 to $260 million in fiscal 2027. S&P rates Experian A- and Moody's rates it A3, both with stable outlooks. $2.5 billion of committed bank facilities were undrawn at March 31, 2026. The UK pension plan had a net surplus of $183 million. Goodwill and other intangibles from acquisitions make up most of the $5.6 billion of net assets. The low leverage gives room to fund the new $1 billion buyback and more bolt-on deals, and to keep a strong credit rating.
As of 2026-03-31.