Filing Flows › Encore Capital Group (ECPG) › Q1 2026
Encore Capital Group (ECPG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Encore Capital Group (ECPG) reported revenue of $475M for the first quarter 2026 (Q1 2026), +21% from a year earlier and +0.4% from the quarter before. Operating margin was 38.7%, net earnings $86.2M (18.1% of revenue).
Encore Capital Group, Q1 2026: revenue $475M (+21% year over year), operating margin 38.7%, net earnings $86.2M, operating cash flow $82.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $475M | +0.4% | +21% |
| Operating profit | $184M | +6% | +42% |
| Net earnings | $86.2M | +13% | +84% |
| Operating cash flow | $82.3M | +390% | +82% |
| Free cash flow | $77.5M | +684% | +102% |
What changed
Revenue was $475.4M in Q1 2026, up 21% year over year and roughly flat from the previous quarter.
Operating profit was $184.0M, a 38.7% margin (up 5.8 points year over year). Of the extra revenue versus Q1 2025, 66% reached operating profit, above the 33% margin then. Total costs grew 11% against revenue growth of 21%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $86.2M, up 84% year over year. The effective tax rate was 22.8%.
Operating cash flow was $82.3M (up 82% year over year), 95% of net earnings. Non-cash charges added back $6.9M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items used $15.3M. Capital expenditures of $4.9M left free cash flow of $77.5M.
Questions
What was Encore Capital Group's revenue in the first quarter 2026?
Encore Capital Group (ECPG) reported revenue of $475M for the first quarter 2026 (Q1 2026), +21% from a year earlier and +0.4% from the quarter before.
Was Encore Capital Group profitable in the first quarter 2026?
Operating profit was $184M (38.7% of revenue) and net earnings $86.2M.