Enova International, Inc. reported second-quarter 2026 results with revenue of $928.9M and diluted EPS of $4, driven by higher originations and growth in its small business lending portfolio versus the year-ago quarter.
Financial Highlights
- Revenue was $928.9M, compared with $764M in the prior-year quarter; YoY change 21.6%.
- Net income was $105.1M, compared with $76.1M in the prior-year quarter; YoY change 38%.
- Diluted EPS was $4, compared with $2.86 in the prior-year quarter; YoY change 40%.
Business Highlights
- Revenue growth: Consolidated total revenue rose 21.6% year over year to $928.9M in Q2, supported by higher originations and portfolio expansion.
- Channel & product mix: The portfolio shifted toward small business lending, which represents about 68.6% of the portfolio at fair value and has increased average loan sizes and yields.
- Brand momentum: Consumer brands including CashNetUSA, NetCredit, OnDeck, Headway Capital and the Pangea money transfer platform showed strong traction.
- Operational scaling: Enova increased marketing and underwriting capacity to support higher originations and uses technology and machine-learning models for about 90% of analytics.
- Strategic milestone: The company signed an agreement to acquire Grasshopper Bank, expected to close in the second half of 2026 to expand banking and BaaS capabilities.
Original SEC Filing:
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