• Equifax average return on tangible equity for 2023 was -12.8, a 26.9% increase from 2022.
• Equifax average return on tangible equity for 2022 was -17.51, a 26.77% decline from 2021.
• Equifax average return on tangible equity for 2021 was -23.91, a 61.77% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.