Filing Flows › Encore Capital Group (ECPG) › Q2 2025
Encore Capital Group (ECPG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Encore Capital Group (ECPG) reported revenue of $442M for the second quarter 2025 (Q2 2025), +24% from a year earlier and +13% from the quarter before. Operating margin was 34.1%, net earnings $58.7M (13.3% of revenue).
Encore Capital Group, Q2 2025: revenue $442M (+24% year over year), operating margin 34.1%, net earnings $58.7M, operating cash flow $9.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $442M | +13% | +24% |
| Operating profit | $151M | +17% | +48% |
| Net earnings | $58.7M | +25% | +82% |
| Operating cash flow | $9.5M | -79% | -73% |
| Free cash flow | $3.2M | -92% | -89% |
What changed
Revenue was $442.1M in Q2 2025, up 24% year over year and up 13% from the previous quarter.
Operating profit was $150.7M, a 34.1% margin (up 5.4 points year over year). Of the extra revenue versus a year earlier, 56% reached operating profit, above the 29% margin then. Total costs grew 15% against revenue growth of 24%. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $58.7M, up 82% year over year. The effective tax rate was 24.7%.
Operating cash flow was $9.5M (down 73% year over year), 16% of net earnings. Non-cash charges added back $7.3M of depreciation and amortization and $5.3M of share-based compensation. Working capital and other items used $61.8M. Capital expenditures of $6.3M left free cash flow of $3.2M.
Questions
What was Encore Capital Group's revenue in the second quarter 2025?
Encore Capital Group (ECPG) reported revenue of $442M for the second quarter 2025 (Q2 2025), +24% from a year earlier and +13% from the quarter before.
Was Encore Capital Group profitable in the second quarter 2025?
Operating profit was $151M (34.1% of revenue) and net earnings $58.7M.