Experian has reported a 7% increase in revenue in its opening half results, hitting £2.86bn in the six months to the end of September.

The credit data provider said it had made “strong H1 progress” as it also posted an operating profit of £692.6m in the same period, up from £628.8m a year previously.

Experian said all regions in which it operates had contributed positively, after announcing 2% organic revenue growth in the UK and Ireland. This was boosted by 7% growth in North America, 7% in Latin America, and 7% in EMEA and Asia Pacific.

The firm revealed revenue growth in its consumer services offering amounted to 9%, as it confirmed it now serves over 190 free members and continues to grow its membership by providing innovative tools for members to navigate their financial lives.

In Experian’s B2B offering, organic revenue growth was 6%, strengthened by its performance in Q2. Analytics expansion, the firm’s mortgage offering, as well as a strong performance in its North America verticals, drove the growth across H1.

Experian CEO, Brian Cassin, said: “We continue to execute successfully on our growth strategy to introduce new products, deploy advanced analytics and scale our leading platforms.

“For FY25, we continue to expect organic revenue growth in the range of 6% to 8%. Based on our progress, we are raising our margin outlook, and now expect margin accretion to be towards the upper end of our 30 to 50 basis points guidance range. All measures are at constant exchange rates and on an ongoing basis.”

Senior equity analyst at Hargreaves Lansdown, Matt Britzman, commented that Experian’s latest results “highlight the success of its strategy”.

“Experian’s raised profit margin forecast shows confidence in its current path,” added Britzman. “By strategically expanding its services and acquiring new capabilities in areas like fraud prevention, it’s well-positioned to keep growing into 2025.

“This focus on practical solutions for businesses and consumers alike sets Experian up as a leading player in the credit bureau sector, with solid momentum despite what remains a soft credit market.”

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