Operator

Good day, and thank you for standing by. Welcome to the Experian Preliminary Results for the Year Ended 31st March 2026 Webcast and Conference Call.

[Operator Instructions]

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Mr. Brian Cassin, Chief Executive Officer. Please go ahead, sir.

Brian Cassin
CEO & Executive Director

Thank you very much. Hello, everybody, and welcome to our FY '26 results presentation. I'm joined by Lloyd, who will run through the financials after my initial overview, and then we'll open up for Q&A. FY '26 was a strong year for Experian, a record year, in fact, where we delivered on our Medium-Term Framework.

We have many important client wins and renewals and we made really good strategic progress whilst remaining disciplined on capital. And that leaves us well positioned as we move into the new financial year. Financially, it was an excellent year. Organic revenue came in at the top of our range of expectations with margins ahead. And just as importantly, this is our second year of delivery against the Medium-Term Framework demonstrating consistent execution against our objectives.

Organic revenue growth for the year was 8%, rising to 9% in Q4. Margins expanded by 60 basis