NASDAQ$ECPG

Encore Capital Group Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Encore Capital Group reported Q4 2025 revenue of $473.6 million and net income of $76.7 million, or $3.37 per share.

Encore delivered Q4 2025 revenue of $473.6 million (+78% YoY) with net income of $76.7 million ($3.37 EPS) versus a prior-year loss. Portfolio purchases were $327.1 million and collections $670.0 million (+21% YoY). Full-year 2025 EPS was $10.91 on $257 million of net income with record U.S. purchases and collections. Management expects 2026 global portfolio purchases of $1.4–1.5 billion, collections growth of 5% to $2.7 billion, and EPS of about $12.00 (+10%).

  • Q4 revenue $473.6M; net income $76.7M ($3.37 EPS).
  • Q4 collections $670.0M (+21% YoY); portfolio purchases $327.1M.
  • Full-year 2025 EPS $10.91 on strengthened balance sheet and leverage reduction.
  • 2026 EPS outlook ~$12.00 on guided purchases and collections.

Headline financials

Total Revenue

$474M

Previous: $266K+178182.4%
EPS (adj)

$3.37

Previous: -$9.42+135.8%
Portfolio Purchases

$327M

Previous: $495M-33.9%
Collections

$670M

Previous: $555M+20.8%
ERC

$9.68B

Previous: $8.5B+13.9%
Avg Receivable Portfolios

$4.32B

Previous: $3.75B+15.3%
Adjusted EBITDA

$188M

Previous: $859K+21728.9%
Net Income

$76.7M

Previous: -$225K+34123.4%
Operating Income

$173M

Previous: -$134K+129314.5%

Revenue & EPS history

Encore · Revenue · Quarterly

$474M

Q4 2025+178,182.4%vs Q4 2024
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Revenue by segment

Encore · $327M total across 3 segments · Q3 2023

  • Debt Purchasing Revenue
    $303M
  • Servicing Revenue
    $19.9M
  • Other Revenues
    $4.11M

Forward guidance

For 2026, Encore guides global portfolio purchases of $1.4–1.5 billion, collections up 5% to $2.7 billion, and earnings per share increasing about 10% to $12.00.

Tailwinds

  • Record U.S. purchases and collections demonstrate operational scale.
  • Average receivable portfolios +12% YoY with lower leverage.
  • Three-pillar strategy supports durable capital allocation.

Headwinds

  • Regulatory and consumer protection scrutiny in debt buying markets.
  • Macro unemployment and consumer health affect collection curves.
  • Quarterly earnings volatility from portfolio accounting and FX in Europe.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+2.0%

Avg return

Earnings day

+3.8%

Avg return

5 days after

+3.1%

Avg return

30 days after

60%

39 / 65 earnings

Positive

+38.9%

Q3 2016

Best reaction

-21.9%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-2.6%-3.6%
Q4 2025+8.2%+21.4%+16.4%
Q3 2025+10.5%+16.3%+23.7%
Q1 2025+23.9%+22.5%+16.7%
Q4 2024-21.9%-30.8%-31.3%
Q3 2024+4.9%+5.3%+3.6%
Q2 2024+9.1%+3.5%+3.0%
Q1 2024+11.9%+10.1%-0.3%
Q4 2023-9.6%-11.0%-12.6%
Q3 2023+9.7%+16.9%+20.3%
Q2 2023-5.7%-2.6%-10.3%
Q1 2023-4.9%-3.8%-5.6%
Q4 2022-6.5%-6.7%-21.2%
Q3 2022-9.7%-5.6%-1.2%
Q2 2022-18.4%-19.9%-22.5%
Q1 2022+6.4%+6.7%+3.7%
Q4 2021-7.0%-7.3%-10.4%
Q3 2021+10.4%+12.4%+10.1%
Q2 2021-2.0%-0.5%+0.9%
Q1 2021+4.8%+0.4%+15.1%
Q4 2020-0.4%+1.9%+25.1%
Q3 2020-2.0%-1.8%+13.7%
Q2 2020+27.8%+22.1%+29.0%
Q1 2020-1.6%-0.2%+13.2%
Q4 2019+10.8%+23.6%-11.7%
Q3 2019+7.7%+7.5%+10.0%
Q2 2019+7.8%+5.3%-2.1%
Q1 2019+17.3%+27.2%+28.6%
Q4 2018+2.2%-2.4%-18.7%
Q3 2018-10.8%-5.5%-8.1%
Q2 2018+11.7%+9.6%+6.7%
Q1 2018+1.1%+0.6%-14.4%
Q4 2017+7.4%+1.8%+9.6%
Q3 2017+6.9%+4.8%-0.5%
Q2 2017+5.8%+7.2%+2.2%
Q1 2017-6.2%+0.0%+7.4%
Q4 2016+1.9%-3.5%-11.9%
Q3 2016+38.9%+39.5%+59.2%
Q2 2016-16.3%-14.3%-10.2%
Q1 2016+2.8%
Q4 2015+5.4%
Q3 2015+0.9%
Q2 2015-5.7%
Q1 2015-3.4%
Q4 2014-7.9%
Q3 2014+0.6%
Q2 2014+1.5%
Q1 2014+2.8%
Q4 2013+1.6%
Q3 2013+1.0%
Q2 2013+11.2%
Q1 2013+4.0%
Q4 2012+5.7%
Q3 2012-7.0%
Q2 2012+8.0%
Q1 2011+8.3%
Q1 2012+8.3%
Q4 2011-2.3%
Q4 2009-2.3%
Q3 2010+2.5%
Q3 2011+2.5%
Q2 2010-9.5%
Q4 2010-9.5%
Q2 2011-9.5%
Q1 2010-2.2%

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