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Jefferson Capital (JCAP) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Jefferson Capital (JCAP) Q2 2026 earnings results →
Q2 2026 Revenue up 16% year over year to $178M · 23¢ of every $1 of revenue kept as net profit · operating margin 45.9%
Jefferson Capital made $178M in Q2 2026 (+16% Y/Y): United States $129M, Canada $20.5M, United Kingdom $16.6M. Operating margin 45.9%, net earnings $41.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
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What changed this quarter
Revenue was $177.5M in Q2 2026, up 16% year over year and up 1% from the previous quarter. United States was the largest line at 72% of revenue. United States added $17.8M year over year (up 16%), 72% of the total change.
Operating profit was $81.4M, a 45.9% margin (down 10.9 points year over year). Operating profit fell $5.2M even though revenue rose $24.8M versus Q2 2025, so costs grew faster than sales. Total costs grew 45% against revenue growth of 16%. Net earnings were $41.3M, down 13% year over year. The effective tax rate was 22.6%.
Operating cash flow was $43.3M (down 45% year over year), 105% of net earnings. Non-cash charges added back $844K of depreciation and amortization and $8.3M of share-based compensation. Working capital and other items used $7.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $178M | +16% | 45.9% | $41.3M | $43.3M |
| Q1 2026 | 10-Q | May 14, 2026 | $176M | +14% | 45.4% | $37.6M | $39.6M |
| Q4 2025 | 10-K | Mar 13, 2026 | $155M | +30% | 45.6% | $37.7M | $75.2M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $151M | +36% | 46.4% | $38.4M | $63.1M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $153M | +47% | 56.7% | $47.6M | $78.9M |
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About Jefferson Capital
The accompanying combined and consolidated financial statements include the combined and consolidated results of operations of Jefferson Capital, Inc., and its subsidiaries (the “Company”). Jefferson Capital, Inc. is a Delaware corporation headquartered in Minneapolis, Minnesota. The Company and its subsidiaries in the U.S., Canada, the U.K and Latin America, provide debt recovery solutions and other related services across a broad range of consumer receivables, including credit card, secured and unsecured automotive, utilities, telecom, and other receivables. The Company primarily purchases portfolios of consumer receivables at deep discounts to face value and manages them by working with individuals as they repay their obligations and work toward financial recovery. Previously charged-off receivables include receivables subject to bankruptcy proceedings.
In its own words, from its 10-K, filed Mar 13, 2026.
Jefferson Capital against its Short-Term Business Credit Institutions peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +16% against the peers' median +5%. Operating margin: 45.9% against the peers' median 30.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| JCAP Jefferson Capital | Q2 2026 | $178M | +16% | 45.9% |
| Deere John Capital | Q3 FY26 | $1.2B | -3% | 18.0% |
| ECPG Encore Capital Group | Q3 2026 | $545M | +18% | 42.3% |
| PRAA PRA Group | Q3 2026 | $286M | -8% | 30.0% |
| Paccar Financial | Q3 2026 | $235M | -0.3% | 25.6% |
| PLBC Plumas Bancorp | Q3 2026 | $29.3M | +7% | 47.8% |
| SWRD Stewards | Q2 2026 | $3.5M | +5% | -114.5% |
Source: Jefferson Capital 10-Q on SEC EDGAR · CIK 2046042 · Short-Term Business Credit Institutions
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results