Filing Flows › Credit Acceptance (CACC) › Q4 2025
Credit Acceptance (CACC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Credit Acceptance (CACC) reported revenue of $580M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -0.4% from the quarter before. Operating margin was 27.1%, net earnings $122M (21.0% of revenue).
Credit Acceptance, Q4 2025: revenue $580M (+2% year over year), operating margin 27.1%, net earnings $122M, operating cash flow $269M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $580M | -0.4% | +2% |
| Operating profit | $157M | +5% | -18% |
| Net earnings | $122M | +13% | -20% |
| Operating cash flow | $269M | -10% | -12% |
| Free cash flow | $269M | -10% | -12% |
What changed
Revenue was $579.9M in Q4 2025, up 2% year over year and roughly flat from the previous quarter.
Operating profit was $157.0M, a 27.1% margin (down 6.8 points year over year). Operating profit fell $34.9M even though revenue rose $14.0M versus a year earlier, so costs grew faster than sales. Total costs grew 13% against revenue growth of 2%. The fastest-growing cost line was General & admin (+163%). Net earnings were $122.0M, down 20% year over year. The effective tax rate was 22.3%.
Operating cash flow was $269.3M (down 12% year over year), 221% of net earnings. Non-cash charges added back $700K of depreciation and $13.0M of share-based compensation. Working capital and other items added $133.6M. Capital expenditures of $400K left free cash flow of $268.9M.
Questions
What was Credit Acceptance's revenue in the fourth quarter 2025?
Credit Acceptance (CACC) reported revenue of $580M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -0.4% from the quarter before.
Was Credit Acceptance profitable in the fourth quarter 2025?
Operating profit was $157M (27.1% of revenue) and net earnings $122M.
Source: Credit Acceptance 10-K on SEC EDGAR.