ECPG
Encore Capital Group, Inc.
Price as of Jul 20, 2026
ECPG earnings
Encore Capital Group, Inc. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $3.26 | $3.86 | +18.4% | $475M | +6.5% |
| Feb 25, 2026 | $2.20 | $3.37 | +53.2% | $474M | +12.2% |
| Nov 5, 2025 | $1.92 | $3.17 | +65.1% | $460M | +8.8% |
| Aug 6, 2025 | $1.44 | $2.49 | +72.9% | $442M | +12.4% |
| May 7, 2025 | $1.24 | $1.93 | +55.6% | $393M | +4.9% |
| Feb 26, 2025 | $1.55 | $1.50 | -3.2% | $266M | -28.9% |
| Feb 21, 2024 | $1.22 | $1.25 | +2.5% | $277M | -16.1% |
| Nov 1, 2023 | $1.32 | $0.79 | -40.2% | $310M | -7.1% |
| Aug 2, 2023 | $1.25 | $1.08 | -13.6% | $323M | -1.5% |
| May 3, 2023 | $1.21 | $0.75 | -38.0% | $313M | -3.3% |
| Feb 22, 2023 | $1.43 | $-3.11 | -317.5% | $234M | -26.8% |
| Nov 2, 2022 | $1.78 | $1.22 | -31.5% | $308M | -6.8% |
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Encore delivered strong performance with solid portfolio purchases, record collections, and increased earnings. - Business thrives on industry leadership and operational execution. - MCM in US excels in purchasing, collections, and efficiency. - Cabot in Europe has solid performance with selective deployments. - Value engine driven by buying, collecting, and funding. - Disciplined portfolio purchasing with superior data and analytics. - Operational excellence and consumer-centric approach lead to strong collections. - Balance sheet strength enables access to capital. - Key financial objectives include strong balance sheet, capital allocation to portfolio purchases, share repurchases, and strong ROIC.
Guidance
- Anticipate global portfolio purchases in 2026 to be within $1.4 billion to $1.5 billion. - Raise collections guidance to 8% growth to $2.8 billion. - Expect EPS in 2026 to increase 19% to $13 per share. - Continue to expect interest expense and other income to be approximately $300 million for the year. - Continue to expect effective tax rate in the mid-20s.
Segment performance
In the first quarter, Encore's global portfolio purchases were $363 million. Global collections were a record $718 million, up 19% year-over-year. Average receivable portfolios increased 14% to $4.4 billion. Net income was $86 million and EPS was $3.86. MCM in the US had portfolio purchases of $316 million, collections of $556 million (up 23% year-over-year). Cabot in Europe had portfolio purchases of $47 million and collections of $161 million (up 7% year-over-year). Collection yield in Q1 was 65.2%, an improvement of 2.6 percentage points. Portfolio revenue was $390 million, up 13%. Changes in recoveries were $62.7 million, with $46 million being recoveries above forecast. Debt purchasing revenue was $453 million, up 23.5%. Operating expenses increased 11% while collections grew 19%. Cash efficiency margin improved by 2.6 percentage points to 16.9%. Leverage was 2.3 times at the end of Q1.
Analyst Q&A
Q: Asks about new elements in purchasing and collection environments compared to previous quarters.
A: Things are similar in US market with stable supply, pricing, and returns; Europe is stable with disciplined deployment.
Q: Asks about AI in collection company and regulatory issues.
A: Leveraging technology for years, actively piloting AI, mindful of regulatory nuances in voice and legal processes.
Q: Asks about supply increase and collections multiple.
A: Supply is stable, collections multiple for 2026 vintage started at 2.4, 24 and 25 vintages performing well.
Q: Asks about portfolio purchasing and share buybacks.
A: Staying with portfolio purchase guidance, share repurchases done in Q1 with $20 million spent, priority on portfolio purchases.
Q: Asks about collection strength and vintage performance.
A: Collections growth driven by strong purchasing and improvements in MCM, 24 and 25 vintages performing well with overperformance.
Q: Asks about AI in pricing models and technological improvement runway.
A: Incorporating machine learning and AI techniques in modeling, with much runway left for efficiency improvements.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-08-05.