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Encore Capital Group (ECPG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Encore Capital Group (ECPG) Q3 2026 earnings results →
Q3 2026 Revenue up 18% year over year to $545M · 23¢ of every $1 of revenue kept as net profit · operating margin 42.3%
Encore Capital Group made $545M in Q3 2026 (+18% Y/Y). Operating margin 42.3%, net earnings $124M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $544.5M in Q3 2026, up 18% year over year and up 11% from the previous quarter.
Operating profit was $230.6M, a 42.3% margin (up 4.7 points year over year). Of the extra revenue versus Q3 2025, 68% reached operating profit, above the 38% margin then. Total costs grew 9% against revenue growth of 18%. The fastest-growing cost line was General & admin (+11%). Net earnings were $124.0M, up 66% year over year. The effective tax rate was 22.9%.
Operating cash flow was $106.7M (up 31% year over year), 86% of net earnings. Non-cash charges added back $7.1M of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items used $29.1M. Capital expenditures of $4.8M left free cash flow of $101.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $545M | +18% | 42.3% | $124M | $107M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $492M | +11% | 38.0% | $64.0M | −$29.4M |
| Q1 2026 | 10-Q | May 6, 2026 | $475M | +21% | 38.7% | $86.2M | $82.3M |
| Q4 2025 | 10-K | Feb 25, 2026 | $474M | +78% | 36.6% | $76.7M | $16.8M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $460M | +25% | 37.6% | $74.7M | $81.6M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $442M | +24% | 34.1% | $58.7M | $9.5M |
| Q1 2025 | 10-Q | May 7, 2025 | $393M | +20% | 32.9% | $46.8M | $45.3M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Encore Capital Group
We are an international specialty finance company providing debt recovery solutions and other related services for consumers across a broad range of financial assets. We primarily purchase portfolios of defaulted consumer receivables at deep discounts to face value and manage them by working with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers’ unpaid financial obligations to credit originators, including banks, credit unions, consumer finance companies and commercial retailers. Defaulted receivables may also include receivables subject to bankruptcy proceedings. We also provide debt servicing and other portfolio management services to credit originators for non-performing loans in Europe.
In its own words, from its 10-K, filed Feb 25, 2026.
Encore Capital Group against its Short-Term Business Credit Institutions peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +18% against the peers' median +5%. Operating margin: 42.3% against the peers' median 30.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ECPG Encore Capital Group | Q3 2026 | $545M | +18% | 42.3% |
| Deere John Capital | Q3 FY26 | $1.2B | -3% | 18.0% |
| PRAA PRA Group | Q3 2026 | $286M | -8% | 30.0% |
| Paccar Financial | Q3 2026 | $235M | -0.3% | 25.6% |
| JCAP Jefferson Capital | Q2 2026 | $178M | +16% | 45.9% |
| PLBC Plumas Bancorp | Q3 2026 | $29.3M | +7% | 47.8% |
| SWRD Stewards | Q2 2026 | $3.5M | +5% | -114.5% |
Source: Encore Capital Group 10-Q on SEC EDGAR · CIK 1084961 · Short-Term Business Credit Institutions
13F: who owns ECPG and who is buying
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results