Encore Capital Group Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Earnings per share $5.57, up 76% year over year
- ➤Global collections reached record $754 million, up 14% year over year
- ➤2026 EPS guidance raised to $15.50-$16.00 per share, up over 40%
- ➤2026 global collections guidance raised to $2.90 billion-$2.95 billion
- ➤2026 global portfolio purchases guidance raised to $1.50 billion-$1.55 billion
Expert Statements
Ashish Masih, President and Chief Executive Officer of Encore Capital Group
“Encore delivered an exceptional third quarter, both financially and operationally, highlighted by strong portfolio purchasing and record global collections”
Ashish Masih, President and Chief Executive Officer of Encore Capital Group
“Third quarter global portfolio purchases were $390 million and global collections were a record $754 million, up 14% compared to a year ago. This collections performance helped drive GAAP net income in the third quarter of $124 million or $5.57 per share, up 76% compared to $3.17 per share a year ago.”
Ashish Masih, President and Chief Executive Officer of Encore Capital Group
“MCM, our U.S. business, continues to set the pace. The U.S. market remains highly attractive for us, supported by continued robust portfolio supply, and we are capitalizing on that opportunity with discipline and conviction. MCM purchased $310 million of portfolios in the third quarter and delivered record collections of $589 million, up 17% compared to the third quarter a year ago. This exceptional collections performance is the result of strong execution and continued significant portfolio purchasing as well as the deployment of new technologies, enhanced digital capabilities and continued operational innovation.”
Ashish Masih, President and Chief Executive Officer of Encore Capital Group
“In Europe, our Cabot business delivered a solid third quarter. Portfolio purchases were $80 million while collections of $164 million were up 2% compared to the third quarter last year.”
Ashish Masih, President and Chief Executive Officer of Encore Capital Group
“Given the strength and momentum of our business, we are raising our full-year 2026 guidance. We now anticipate global portfolio purchases to be in a range between $1.50 billion and $1.55 billion, and global collections to be in a range between $2.90 billion and $2.95 billion, reflecting year-over-year growth of 12-14%. Additionally, we now expect our EPS in 2026 to be in a range between $15.50 and $16.00 per share, an increase of over 40% compared to 2025. As always, we remain committed to the critical role we play in the consumer credit ecosystem and to helping consumers restore their financial health,”
* Favorable purchasing conditions continue in U.S. market * Global portfolio purchases of $390 million, including $310 million in U.S. * Global collections up 14% to record $754 million * Earnings per share up 76% to $5.57 SAN DIEGO, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the third quarter ended September 30, 2026.
“Encore delivered an exceptional third quarter, both financially and operationally, highlighted by strong portfolio purchasing and record global collections,” said Ashish Masih, President and Chief Executive Officer. “Third quarter global portfolio purchases were $390 million and global collections were a record $754 million, up 14% compared to a year ago. This collections performance helped drive GAAP net income in the third quarter of $124 million or $5.57 per share, up 76% compared to $3.17 per share a year ago.”
Get started
Create a free account to read the full story.