OneMain Holdings, Inc.
- Open
- 60.02
- Day high
- 60.79
- Day low
- 59.60
- Prev close
- 61.25
- Volume
- 955K
- Mkt cap
- $7.0B
- P/E (TTM)
- 8.9
- EPS (TTM)
- $6.75
- P/B
- 2.1
- P/S
- 1.1
- Yield
- 6.95%
- Per share
- $4.19
- ▼Insiders net selling -$725K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
OneMain Holdings, Inc. (OMF) is a Financial Services company listed on NYSE. The stock is up 4% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
OneMain Holdings, Inc. (OMF) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
OMF earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 1, 2026 | $1.92 | $1.95 | +1.6% | $1.3B | -0.4% |
| Feb 5, 2026 | $1.55 | $1.59 | +2.6% | $1.3B | +2.3% |
| Oct 31, 2025 | $1.61 | $1.90 | +18.0% | $1.3B | +1.8% |
| Jul 25, 2025 | $1.25 | $1.45 | +16.0% | $1.5B | +23.9% |
| Jan 31, 2025 | $1.12 | $1.16 | +3.6% | $1.2B | -0.3% |
| Oct 30, 2024 | $1.14 | $1.26 | +10.5% | $1.2B | +10.6% |
| Jul 31, 2024 | $0.90 | $1.02 | +13.3% | $1.1B | +16.8% |
| Apr 30, 2024 | $1.39 | $1.45 | +4.3% | $1.1B | +7.0% |
| Feb 7, 2024 | $1.37 | $1.39 | +1.5% | $1.1B | +20.6% |
| Oct 25, 2023 | $1.49 | $1.57 | +5.4% | $1.1B | +20.2% |
| Jul 26, 2023 | $1.27 | $1.01 | -20.5% | $1.1B | +12.9% |
| Feb 7, 2023 | $1.51 | $1.56 | +3.3% | $657M | -38.6% |
OMF insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 30, 2026 | Hedlund Michael Aofficer: pao, SVP and Group Controller | Sell | 1,848 | $62.00 |
| Jun 30, 2026 | Conrad Micah R.officer: EVP & COO | Sell | 5,000 | $62.00 |
| Apr 20, 2026 | Conrad Micah R.officer: EVP & COO | Sell | 5,000 | $60.00 |
| Feb 27, 2026 | Conrad Micah R.officer: EVP & COO | Sell | 5,000 | $58.00 |
| Feb 24, 2026 | Hedlund Michael Aofficer: pao, SVP and Group Controller | Tax | 875 | $57.53 |
| Feb 24, 2026 | Shulman Douglas H.director, officer: President & CEO | Tax | 11,430 | $57.53 |
| Feb 24, 2026 | Hedlund Michael Aofficer: pao, SVP and Group Controller | Tax | 383 | $57.53 |
| Feb 24, 2026 | Shulman Douglas H.director, officer: President & CEO | Tax | 11,270 | $57.53 |
| Feb 24, 2026 | Conrad Micah R.officer: EVP & COO | Tax | 2,648 | $57.53 |
| Feb 24, 2026 | Conrad Micah R.officer: EVP & COO | Tax | 3,458 | $57.53 |
| Feb 24, 2026 | Osterhout Jeannette Eofficer: EVP & CFO | Tax | 3,944 | $57.53 |
| Feb 24, 2026 | Osterhout Jeannette Eofficer: EVP & CFO | Tax | 2,869 | $57.53 |
| Feb 24, 2026 | Hedlund Michael Aofficer: pao, SVP and Group Controller | Tax | 438 | $57.53 |
| Feb 24, 2026 | Hedlund Michael Aofficer: pao, SVP and Group Controller | Tax | 387 | $57.53 |
| Feb 24, 2026 | Shulman Douglas H.director, officer: President & CEO | Tax | 17,163 | $57.53 |
Source: OMF SEC Form 4 filings, latest Jun 30, 2026. For informational purposes only — not investment advice.
See the full OMF insider & 13F page →OneMain Holdings, Inc. company profile
Overview
OneMain Holdings, Inc. (NYSE:OMF) is a financial services company that has evolved from a traditional personal loan provider into a multi-product consumer finance platform. Founded in 1912 and originally known as Springleaf Holdings, the company changed its name to OneMain Holdings in November 2015. Based in Evansville, Indiana, OneMain operates through approximately 1,400 branch offices across 44 states, serving the nonprime consumer market with personal loans, auto financing, credit cards, and insurance products. The company went public in 2013 and has undergone significant transformation in recent years, expanding beyond its core personal lending business to become a comprehensive financial services provider for underbanked consumers.
Business
OneMain Holdings operates in the consumer finance industry, specifically targeting the nonprime credit market - consumers who typically have limited access to traditional banking products due to lower credit scores or thin credit files. The nonprime market represents a significant portion of American consumers who are underserved by traditional banks but still need access to credit for various life needs. The company's business is organized around three main product segments: 1. Personal Loans (Primary Business) - Representing approximately 90% of total receivables at $24.7 billion, these are installment loans ranging from secured loans backed by automobiles or other titled collateral to unsecured personal loans. These loans typically carry higher interest rates (around 22% yield) to compensate for the elevated credit risk of the customer base. Customers use these loans for debt consolidation, home improvements, major purchases, or unexpected expenses. 2. Auto Finance - Contributing roughly 10% of receivables at $2.4 billion, this segment provides financing for vehicle purchases through relationships with franchise and independent auto dealers. The company expanded this business through the acquisition of Foursight Capital in recent years, allowing it to serve customers who need transportation financing. 3. Credit Cards - The newest and smallest segment with $643 million in receivables, OneMain offers the BrightWay credit card designed specifically for nonprime consumers. This product includes digital features and is part of the company's strategy to provide a broader suite of financial products to its customer base. The company also offers various insurance products including life, disability, and involuntary unemployment insurance, as well as guaranteed asset protection coverage, which provide additional revenue streams and customer value.
Revenue model
OneMain generates revenue primarily through interest income from its loan portfolio, with yields averaging around 22% on personal loans. The company's customers are nonprime borrowers who pay higher interest rates due to their elevated credit risk profiles. Revenue also comes from insurance product sales, fees, and other ancillary services. The business model centers on originating, underwriting, and servicing loans through both its extensive branch network and digital channels. The company maintains relationships with customers throughout the loan lifecycle, often leading to repeat business as customers refinance or take additional loans. The branch-based model allows for face-to-face underwriting and collection activities, which is particularly important in the nonprime market where personal relationships can improve collection rates. Several factors significantly impact OneMain's profitability margins: Positive margin drivers include a rising interest rate environment that allows for higher loan yields, improved credit performance as economic conditions stabilize, operational efficiency gains from digital investments, and cross-selling opportunities across multiple products. The company's conservative underwriting approach during recent economic uncertainty has positioned it well for margin expansion as credit conditions improve. Negative margin pressures come from increasing funding costs in higher interest rate environments, elevated credit losses during economic downturns, competitive pressure in the nonprime lending space, and regulatory changes that could impact pricing or operations. The company's highly leveraged balance sheet (debt-to-equity ratio of approximately 6.7x) means that funding cost increases directly impact profitability. Additionally, macroeconomic factors like unemployment rates, inflation, and consumer spending patterns significantly affect both demand for credit and the ability of customers to repay loans.
Competitive moat
OneMain Holdings possesses a moderate competitive moat built primarily around its extensive physical branch network and specialized expertise in nonprime lending. The company's 1,400 branch locations across 44 states create significant barriers to entry, as building such a network would require substantial capital investment and years of development. This physical presence is particularly valuable in the nonprime market, where face-to-face interactions often improve underwriting accuracy and collection effectiveness. The company's proprietary underwriting capabilities and deep data analytics in the nonprime segment represent another competitive advantage. With over a century of experience and millions of customer interactions, OneMain has developed sophisticated credit models and risk management systems that are difficult for new entrants to replicate. The company's ability to serve customers that traditional banks typically reject creates a somewhat protected market niche. However, the moat faces several challenges. Digital-first competitors like fintech lenders are increasingly targeting the same customer base with streamlined online processes and competitive rates. These companies often have lower cost structures without physical branches and can move more quickly to implement new technologies. Additionally, regulatory changes could impact interest rate caps or lending practices, potentially eroding profitability advantages. The cyclical nature of the consumer finance business also limits the moat's strength. During economic downturns, credit losses can spike dramatically, and the highly leveraged business model amplifies these impacts. While OneMain's experience helps it navigate these cycles better than newcomers, it cannot entirely avoid the fundamental volatility of nonprime lending. The company's moat is best characterized as sustainable but not impregnable, requiring continuous investment in technology, customer relationships, and risk management to maintain competitive advantages.
Risks & safety
OneMain Holdings presents a moderate margin of safety with some areas of concern due to its highly leveraged business model and cyclical industry exposure. • Liquidity and Solvency: Strong liquidity position with $627 million in cash and 24 months of liquidity runway. However, debt-to-equity ratio of 6.7x indicates high leverage typical of finance companies but creates vulnerability during stress periods. • Valuation Metrics: Trading at attractive valuation with P/E ratio of 6.8x and price-to-book of 1.8x, suggesting the market is pricing in significant credit risk or economic uncertainty. • Credit Risk Management: Net charge-offs at 7.9% with improving delinquency trends (30-89 day delinquencies down to 3.06%). Company maintains 30% stress overlay in credit models, indicating conservative approach. • Capital Generation: Generated $685 million in capital during 2024, demonstrating ability to produce cash even during challenging periods. Management expects 2024 to be cyclical low point for earnings. • Funding Diversification: Access to multiple funding sources including $7.5 billion in bank facilities, asset-backed securities, and unsecured bonds, reducing refinancing risk. The primary safety concerns relate to the inherent volatility of nonprime lending and the company's leveraged structure, which could amplify losses during severe economic downturns.
Recent development
Over the past few years, OneMain has executed a significant strategic transformation from a monoline personal loan provider to a multi-product financial services platform. The most notable development has been the expansion into adjacent products, including the acquisition of Foursight Capital to build out auto finance capabilities, growing this segment to $2.4 billion in receivables. The company launched its BrightWay credit card business, which has grown to $643 million in receivables across 780,000 accounts, representing entry into the large nonprime credit card market. Management sees significant opportunity in this $500 billion market where OneMain currently has minimal presence. Digital transformation initiatives have been a key focus, with investments in data analytics, digital customer acquisition channels, and the launch of financial wellness platforms like Trim and the Credit Worthy financial education program. These initiatives aim to deepen customer relationships and provide additional value beyond traditional lending. The company has maintained an extremely conservative underwriting approach since 2022, tightening credit standards and applying stress overlays to models in response to economic uncertainty. This has positioned OneMain well as credit conditions begin to improve, with management expecting 2024 to represent a cyclical low point for earnings. OneMain is also exploring an Industrial Loan Company (ILC) application, which would provide market expansion opportunities, simplified operations, access to deposit funding, and the ability to issue credit cards without becoming a bank holding company. This represents a potential significant strategic development for future growth and operational efficiency.
OMF company profile · for informational purposes only — not investment advice.
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