Filing Flows › Encore Capital Group (ECPG) › Q3 2025
Encore Capital Group (ECPG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Encore Capital Group (ECPG) reported revenue of $460M for the third quarter 2025 (Q3 2025), +25% from a year earlier and +4% from the quarter before. Operating margin was 37.6%, net earnings $74.7M (16.2% of revenue).
Encore Capital Group, Q3 2025: revenue $460M (+25% year over year), operating margin 37.6%, net earnings $74.7M, operating cash flow $81.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $460M | +4% | +25% |
| Operating profit | $173M | +15% | +63% |
| Net earnings | $74.7M | +27% | +144% |
| Operating cash flow | $81.6M | +757% | +78% |
| Free cash flow | $75.6M | 24× | +90% |
What changed
Revenue was $460.4M in Q3 2025, up 25% year over year and up 4% from the previous quarter.
Operating profit was $173.2M, a 37.6% margin (up 8.7 points year over year). Of the extra revenue versus a year earlier, 72% reached operating profit, above the 29% margin then. Total costs grew 10% against revenue growth of 25%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $74.7M, up 144% year over year. The effective tax rate was 25.2%.
Operating cash flow was $81.6M (up 78% year over year), 109% of net earnings. Non-cash charges added back $7.2M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items used $4.6M. Capital expenditures of $6.0M left free cash flow of $75.6M.
Questions
What was Encore Capital Group's revenue in the third quarter 2025?
Encore Capital Group (ECPG) reported revenue of $460M for the third quarter 2025 (Q3 2025), +25% from a year earlier and +4% from the quarter before.
Was Encore Capital Group profitable in the third quarter 2025?
Operating profit was $173M (37.6% of revenue) and net earnings $74.7M.