Quarterly ResultMay 6, 2026, 05:23 PM
Encore Capital Q1 Net Income $86.2M, EPS $3.97; Revenue $475.4M
AI Summary
Encore Capital Group reported strong first-quarter 2026 financial results, with net income significantly increasing to $86.2 million, an 84% rise from the prior year. Total revenues also saw a substantial increase, reaching $475.4 million. The company continued its share repurchase program, buying back $20.0 million of common stock during the quarter, and saw a notable increase in net cash provided by operating activities.
Key Highlights
- Net income for Q1 2026 increased 84% to $86.2 million from $46.8 million in Q1 2025.
- Basic earnings per share rose 102.6% to $3.97 in Q1 2026 from $1.96 in Q1 2025.
- Total revenues grew 21.0% to $475.4 million in Q1 2026 from $392.8 million in Q1 2025.
- Net cash provided by operating activities increased to $82.3 million in Q1 2026 from $45.3 million in Q1 2025.
- The company repurchased $20.0 million of common stock, retiring 345,548 shares in Q1 2026.
- Receivable portfolios, net, increased to $4.44 billion as of March 31, 2026, from $4.37 billion as of December 31, 2025.
- Encore Capital entered into a new interest rate cap contract for approximately $337.3 million in April 2026.