| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 928.93 | 6.2% | 21.6% |
| Total Income | 928.93 | 6.2% | 21.6% |
| Expenditure | 691.78 | 3.5% | 19.3% |
| PBT | 140.11 | 24.1% | 38.6% |
| Net Profit | 105.06 | 15.3% | 38.0% |
| OPM | 25.53% | 1.86pp | 1.43pp |
| NPM | 11.31% | 0.90pp | 1.34pp |
| EPS | 4.22 | 15.3% | 40.2% |
Enova Reports Q2 2026 Results: Revenue Up 22%, EPS Up 40%
24 Jul 2026 · 24 Jul, 1:51 am
Summary
Enova International, Inc. reported strong second quarter 2026 results, with total revenue increasing 22% year-over-year to $929 million, driven by a 27% rise in originations. Diluted earnings per share saw a significant 40% increase to $4.00, while adjusted earnings per share grew 33% to $4.31. The company also improved its net revenue margin to 61%. Management expressed optimism, raising the outlook for the year and highlighting the planned acquisition of Grasshopper Bank as a key strategic move.
Key Highlights
- 1
Total company revenue increased 22% to $929 million in the second quarter of 2026 compared to the second quarter of 2025.
- 2
Originations rose 27% from the second quarter of 2025.
- 3
Diluted earnings per share of $4.00 increased 40% compared to the second quarter of 2025.
- 4
Adjusted earnings per share of $4.31 rose 33% compared to the second quarter of 2025.
- 5
The consolidated net revenue margin improved to 61% from 58% in the second quarter of 2025.
- 6
Liquidity, including cash and marketable securities and available capacity on facilities, totaled $929 million at June 30, 2026.
Management Comments
Steve Cunningham
Healthy originations growth and strong credit performance drove our eighth consecutive quarter of year-over-year adjusted EPS growth of 30% or more. We are excited to build upon our proven capabilities with the planned acquisition of Grasshopper Bank. We remain in a constructive dialogue with regulators as they continue their application review process, and we look forward to closing later this year to begin immediately delivering on the significant transaction synergies.
Scott Cornelis
Our second quarter results exceeded our expectations on both the top and bottom line and reflect the strength of our talented team, diversified product offerings, scalable operating model and world-class risk management capabilities. Based on what we are seeing today we’re raising our outlook for the year and we remain focused on continuing to generate sustainable and profitable growth while delivering on our commitment to driving long-term shareholder value and on our mission of helping hardworking people get access to fast, trustworthy credit.
Informational and educational content only. Not investment advice.