Filing Flows › Encore Capital Group (ECPG) › Q3 2026
Encore Capital Group (ECPG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Encore Capital Group (ECPG) reported revenue of $545M for the third quarter 2026 (Q3 2026), +18% from a year earlier and +11% from the quarter before. Operating margin was 42.3%, net earnings $124M (22.8% of revenue).
Encore Capital Group, Q3 2026: revenue $545M (+18% year over year), operating margin 42.3%, net earnings $124M, operating cash flow $107M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $545M | +11% | +18% |
| Operating profit | $231M | +23% | +33% |
| Net earnings | $124M | +94% | +66% |
| Operating cash flow | $107M | — | +31% |
| Free cash flow | $102M | — | +35% |
What changed
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.
Questions
What was Encore Capital Group's revenue in the third quarter 2026?
Encore Capital Group (ECPG) reported revenue of $545M for the third quarter 2026 (Q3 2026), +18% from a year earlier and +11% from the quarter before.
Was Encore Capital Group profitable in the third quarter 2026?
Operating profit was $231M (42.3% of revenue) and net earnings $124M.