Updated
The most significant concentration TransUnion discloses is U.S. Markets Financial Services vertical at 37%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: TransUnion’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: 'Our 2025 revenue in our U.S. Markets Financial Services and Consumer Interactive verticals accounted for approximately 37% and 13%, respectively, of consolidated gross revenues'”
“10-K Item 1A: 'a significant amount of our revenue is concentrated among certain customers, industries, product offerings and in distinct geographic regions, primarily in the United States'”
“10-K Item 1A: 'Our 2025 revenue in our U.S. Markets Financial Services and Consumer Interactive verticals accounted for approximately 37% and 13%, respectively, of consolidated gross revenues'”
The company's disclosed concentration profile is defined by a pair of product vertical exposures within its U.S. Markets segment and a geographic tilt toward the United States, all of which are structural in character. The U.S. Markets Financial Services vertical accounted for approximately 37% of consolidated gross revenues in 2025 — a medium-share, structural concentration reflecting the company's deep embedding in credit bureau services, fraud analytics, and decisioning tools sold to financial institutions. This is structural because demand is tied to the volume and complexity of consumer credit origination, fraud prevention needs, and regulatory compliance requirements across lenders — not to the discretionary budgets of a single named buyer. The Consumer Interactive vertical added approximately 13% of consolidated gross revenues — a low-share, structural exposure representing direct-to-consumer credit monitoring and identity protection services. These two verticals from the same claim [C1, C3] together indicate that roughly half of consolidated revenues derive from credit-adjacent services, leaving the balance spread across other verticals and international operations. The geographic tilt toward the United States — described qualitatively as primary in the filing, with no cleanly parsable percentage — is a medium-share, structural exposure confirming that domestic economic conditions, U.S. consumer credit trends, and the health of the U.S. financial services industry are the primary demand drivers. In aggregate, the profile is coherent and relatively diversified within the information services space: no single customer or counterparty dominates, but the U.S. financial services sector's credit cycle is the most consequential macro variable given the combined weight of related verticals.
For the engine’s reasoning on TRU’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| FDS | FactSet Research Systems Inc. | 2 | 1 | 0 | 3 |
| CBOE | Cboe Global Markets, Inc. | 1 | 0 | 0 | 1 |
| ICE | Intercontinental Exchange Inc. | 1 | 0 | 0 | 1 |
| TRU● | TransUnion | 0 | 2 | 1 | 3 |
| CME | CME Group Inc. | 0 | 0 | 1 | 1 |
| COIN | Coinbase Global, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.