Quarterly ResultMay 6, 2026, 04:07 PM
Encore Capital Q1 EPS $3.86 (+100%); Collections Up 19%; Raises FY26 Guidance
AI Summary
Encore Capital Group reported strong first-quarter 2026 financial results, with earnings per share increasing 100% to $3.86 and global collections rising 19% to a record $718 million. The company also achieved solid global portfolio purchases of $363 million, including $316 million in the U.S. Due to this strong start, Encore Capital raised its full-year 2026 guidance for global collections to approximately $2.8 billion and EPS to $13.00.
Key Highlights
- Q1 2026 diluted EPS increased 100% to $3.86 from $1.93 year-over-year.
- Global collections rose 19% to a record $718 million in Q1 2026.
- Global portfolio purchases were $363 million, including $316 million in the U.S.
- Full-year 2026 global collections guidance raised to approximately $2.8 billion.
- Full-year 2026 EPS guidance raised to $13.00, a 19% increase.
- The company repurchased $20 million of its common stock in Q1 2026.