Quarterly ResultAug 5, 2026, 04:09 PM
Encore Capital Q2 EPS $2.81, Collections $737M; Raises FY26 Guidance
AI Summary
Encore Capital Group reported strong second-quarter 2026 financial results, with record global collections of $737 million and record U.S. portfolio purchases of $372 million. The company achieved diluted earnings per share of $2.81, which included $1.00 per share in refinancing costs related to a $1 billion debt refinancing expected to save $15 million annually in interest. Following this robust performance, Encore Capital Group raised its full-year 2026 guidance for global collections to a range of $2.80 billion to $2.85 billion and EPS to $13.00 to $14.00 per share.
Key Highlights
- Q2 2026 global collections reached a record $737 million, up 13% year-over-year.
- U.S. portfolio purchases hit a record $372 million, contributing to $444 million global purchases.
- Diluted EPS for Q2 2026 was $2.81, including $1.00 per share in refinancing costs.
- Net income increased 9% to $64 million, with revenues up 11% to $491.9 million.
- Refinanced $1 billion of debt, incurring $30.5 million costs, expecting $15 million annual interest savings.
- Raised full-year 2026 global collections guidance to $2.80 billion-$2.85 billion (8-10% YoY growth).
- Increased full-year 2026 EPS guidance to $13.00-$14.00 per share.
- Repurchased approximately $27 million of common stock in Q2.
Price Impact
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