Encore Capital Group (ECPG) investor relations material

Executive summary

• Achieved record global portfolio purchases of $444 million, with $372 million in the U.S. during Q2 2026, reflecting a 21% increase year-over-year.

• Global collections reached a record $737 million, up 13% compared to Q2 2025, driving strong revenue and net income growth.

• GAAP net income for Q2 2026 was $64 million ($2.81 per share), including a $1.00 per share impact from refinancing costs.

• Maintained market leadership in the U.S. and solid presence in Europe, supported by operational excellence and digital innovation.

• Completed a $1 billion refinancing at attractive terms, optimizing capital structure and improving leverage.

Financial highlights

• Revenues increased 11.3% year-over-year to $491.9 million in Q2 2026.

• Net income grew 9% to $64 million; EPS up 13% to $2.81, including refinancing costs.

• Adjusted EBITDA for Q2 2026 was $203 million, up from $164 million in Q2 2025.

• Cash efficiency margin improved to 60.2% from 57.3% last year.

• Estimated Remaining Collections (ERC) increased 9% year-over-year to $10.18 billion.

Outlook and guidance

• 2026 global portfolio purchases expected at $1.4–$1.5 billion, with collections guidance raised to $2.8–$2.85 billion.

• 2026 EPS expected between $13.00 and $14.00, inclusive of $1.00 per share in refinancing costs.

• Interest expense for 2026 projected at $295 million; effective tax rate in the mid-20% range.