Filing Flows › Jefferson Capital (JCAP) › Q1 2026 › vs Q4 2025
Jefferson Capital (JCAP) Q1 2026 vs Q4 2025 (quarter over quarter)
Jefferson Capital's revenue rose $21.6M (+14%) from $155M in Q4 2025 to $176M in Q1 2026. The biggest changes: United States +$18.3M (+16%); United Kingdom +$3.8M (+29%); Canada −$370K (-2%). Operating margin 45.4% against 45.6% (-0.1 pts).
Jefferson Capital, Q1 2026: revenue $176M (+14% year over year), operating margin 45.4%, net earnings $37.6M, operating cash flow $39.6M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 45.4% | 45.6% | -0.1 pts |
| Net margin | 21.3% | 24.4% | -3.0 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| United States | $130M | $111M | $18.3M | +16% |
| Canada | $17.6M | $18.0M | −$370K | -2% |
| United Kingdom | $17.1M | $13.3M | $3.8M | +29% |
| Latin America | $12.0M | $12.1M | −$154K | -1% |
| Revenue | $176M | $155M | $21.6M | +14% |
| Operating profit | $80.2M | $70.6M | $9.6M | +14% |
| Costs & expenses | $96.3M | $84.2M | $12.0M | +14% |
| Pre-tax earnings | $51.1M | $44.1M | $6.9M | +16% |
| Other expense, net | $29.1M | $26.4M | $2.7M | +10% |
| Net earnings | $37.6M | $37.7M | −$97K | -0.3% |
| Income tax | $13.4M | $6.4M | $7.0M | +110% |
| Depreciation & amortization | $872K | $1.0M | −$176K | -17% |
| Share-based compensation | $8.5M | $8.4M | $151K | +2% |
| Working capital & other | $7.4M | −$28.0M | $35.4M | — |
| Operating cash flow | $39.6M | $75.2M | −$35.5M | -47% |
Questions
How much did Jefferson Capital's revenue grow quarter over quarter in Q1 2026?
Jefferson Capital's revenue rose $21.6M (+14%) from $155M in Q4 2025 to $176M in Q1 2026.
What drove Jefferson Capital's revenue change in Q1 2026?
United States +$18.3M (+16%); United Kingdom +$3.8M (+29%); Canada −$370K (-2%).