Encore Capital Group, Inc. operates as a specialized financial institution, offering global solutions for debt resolution and associated support services to individual ...
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Est. EPS $3.35 · Revenue $466.80M · 3 analysts
Est. EPS $3.51 · Revenue $476.41M · 3 analysts
Est. EPS $13.52 · Revenue $1.91B · 3 analysts
Est. EPS $3.58 · Revenue $479.50M · 1 analysts
EPS $1.93 · Revenue $392.77M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.8B | +33.9% | +4.0% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $256.8M | +284.4% | -25.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +69.0% | +50.4% | -45.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +35.4% | +196.0% | -1.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +14.6% | +237.8% | -28.6% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $126.9M | -0.0% | -142.5% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +7.2% | -25.3% | -140.9% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 423.1% | -11.6% | +15.9% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 595.09x | +50304.2% | +7578.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $5.3B | +11.5% | +2.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 10.91 vs 9.68 | +12.7% | 2.81 vs 2.67 | +5.2% |
| Revenue Surprise | $1.8B vs $1.7B | +2.6% | $491.9M vs $455.1M | +8.1% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Gupta Ashwini | director | Common Stock | A | 291 | $93.01 |
| Aug 26, 2026 | Beck Robert William | director | Common Stock | A | 1,462 | $100.15 |
| Aug 19, 2026 | Beck Robert William | director: | — | — | 0 | — |
| Jun 22, 2026 | Stovsky Richard P | director | Common Stock | A | 2,144 | $83.95 |
| Jun 22, 2026 | OLLE LAURA | director | Common Stock | A | 2,144 | — |
Operator: Good day, and thank you for standing by. Welcome to the Encore Capital Group's First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Bruce Thomas, Vice President of Global Investor Relations. Please go ahead. Bruce Thomas: Thank you, operator. Good afternoon, and welcome to Encore Capital Group's First Quarter 2026 Earnings Call. Joining me on the call today are Ashish Masih, our President and Chief Executive Officer; Tomas Hernanz, Executive Vice President and Chief Financial Officer; and Ryan Bell, President of Midland Credit Management. Ashish and Thomas will make prepared remarks today, and then we'll be happy to take your questions. Unless otherwise noted, comparisons on this conference call will be made between the first quarter of 2026 and the first quarter of 2025. In addition, today's discussion will include forward-looking statements that are based on current expectations and assumptions and are subject to risks and uncertainties. Actual results could differ materially from our expectations. Please refer to our SEC filings for a detailed discussion of potential risks and uncertainties. We undertake no obligation to update any forward-looking statement. During this call, we will use rounding and abbreviations for the sake of brevity. We will also be discussing non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are included in our investor presentation, which is available on the Investors section of our website. As a reminder, following the conclusion of this conference call, a replay, along with our prepared remarks, will also be available on the Investors section of our website. With that, let me turn the call over to Ashish Masih, our President and Chief Executive Officer. Ashish Masih: Thanks, Bruce, and good afternoon, everyone. Thank you for joining us. Encore delivered another strong performance in the first quarter as our industry leadership and operational execution are on full display. Our business continues to thrive with solid first-quarter portfolio purchases of $363 million. And record collections of $718 million, which were up 19% compared to a year ago. Average receivable portfolios increased 14% to $4.4 billion. Our record collection performance helped earnings increase sharply, with net income in the first quarter of $86 million and earnings per share of $3.86. Our leverage improved to 2.3x at the end of Q1 compared to 2.6x a year ago, even with continued significant portfolio purchases in the first quarter. Encore's strong operating and financial results are primarily driven by the exceptional performance of our MCM business in the U.S. across all dimensions of purchasing, collections, and efficiency. I will provide more details on MCM's results later in the presentation. Before I continue, I believe it's helpful …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Ashish Masih | President, Chief Executive Officer & Director | USD 3,242,454 | Male | 1965 | Active |
Tomas Hernanz | Executive Vice President, Treasurer & Chief Financial Officer | USD 2,218,755 | Male | 1978 | Active |
John Yung | President of International & Cabot Credit Management and Chief Executive Officer of Cabot Credit Management | USD 2,163,335 | Male | 1965 | Active |
Ryan Bell | President of Midland Credit Management, Inc. | USD 1,722,484 | Male | 1979 | Active |
Andrew Asch | Senior Vice President, General Counsel & Government Affairs | USD 1,011,613 | Male | 1974 | Active |
Mike Merle | Senior Vice President & Chief Human Resources Officer | — | Male | — | Active |
Faryar Borhani | Vice President & Chief Communications Officer | — | — | — | Active |
Bruce Thomas | Vice President of Global Investor Relations | — | Male | — | Active |
Steve Carmichael | Senior Vice President and Chief Risk, Strategy & Compliance Officer | — | Male | — | Active |
Tracy Ting | Senior Vice President & Chief Human Resources Officer | — | Female | — | Active |
Monique Dumais-Chrisope | Senior Vice President & Chief Information Officer | — | Female | — | Active |
Arrowstreet Capital Limited Partnership grew its position in Encore Capital Group Inc (NASDAQ: ECPG) by 658.2% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 334,018 shares of the asset manager's stock after purchasing an additional 289,964 shares during the
SAN DIEGO, July 22, 2026 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq: ECPG) (“Encore” or the “Company”), an international specialty finance company, announced today that on July 22, 2026 (the “Redemption Notice Date”), it has issued a notice (the “Redemption Notice”) to holders of the Company's 4.00% Convertible Senior Notes due 2029 (CUSIP No. 292554 AP7) (the “Notes”), calling all $230.0 million aggregate principal amount of the Notes for redemption on September 24, 2026 (the “Redemption Date”). The Company's redemption right in respect of the Notes arises pursuant to Section 14.07 of the Indenture, dated as of March 3, 2023 (the “Indenture”), between the Company and Truist Bank, as trustee (the “Trustee”), as a result of the last reported sale price per share of the Company's common stock having exceeded 130% of the conversion price on each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading days ending on, and including, the trading day immediately before the Redemption Notice Date.
Encore Capital Group shares have surged 65% year-to-date, reflecting strong market momentum. The guidance for 2026 looks stellar. Collections at $2.8 billion, an increase of 8% YoY. Earnings guidance of $13.00 per share, an increase of 19% YoY. I see two key secular tailwinds as being persistent, not temporary: high total consumer loan volume, along with elevated charge-off rates. This alone warrants a small position, in my opinion.
SAN DIEGO, July 06, 2026 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the second quarter 2026 on Wednesday, August 5, 2026, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Tomas Hernanz, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, presenting and discussing the reported results.
Encore Capital's outlook hinges on U.S. debt supply, record collections and funding discipline after a sharp 58.1% year-to-date rally.
