Business UpdateJun 4, 2026, 05:07 PM
World Acceptance Fiscal 2026 Business Update: $1.28B Gross Loans
AI Summary
World Acceptance Corporation provided an overview of its business operations for fiscal year 2026. The company operated 1,009 branches across 16 states, with a gross loan balance of $1.28 billion as of March 31, 2026. Installment loans were the primary revenue driver, contributing 82.9% of total revenues, while tax preparation services generated $40.4 million in net revenue from approximately 91,000 returns. The company also merged 15 branches during the fiscal year for efficiency.
Key Highlights
- Operated 1,009 branches across 16 states as of March 31, 2026.
- Gross loan balance reached $1.28 billion as of March 31, 2026.
- Installment loans contributed 82.9% of total revenues in fiscal 2026.
- Tax preparation services generated $40.4 million in net revenue in fiscal 2026.
- Prepared approximately 91,000 tax returns in fiscal 2026.
- Refinancings of existing loans accounted for 65.8% of loan originations in fiscal 2026.
- Merged 15 branches in fiscal 2026 due to insufficient returns or for efficiency reasons.
- Employed 2,907 full and part-time employees as of March 31, 2026.
Price Impact
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