Encore Capital Group, Inc. (ECPG) Income Statement
ECPG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsECPG revenue and net income
Where ECPG's revenue goes
2025Each bar shows an amount and its share of revenue. ECPG kept 14.6% of revenue as net income.
ECPG profit margins
ECPG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +33.9% | +8.0% | +3.3% | +4.5% |
| Gross profit | +101.4% | +16.5% | +7.8% | +7.3% |
| Operating income | +296.3% | +10.5% | +3.2% | +8.2% |
| Net income | — | +9.7% | +3.9% | +19.0% |
| EPS (diluted) | — | +17.8% | +7.4% | +8.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ECPG quarterly EPS vs estimates
Encore Capital beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $3.45).
ECPG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.76B | $1.32B | $1.22B | $1.40B | $1.61B | $1.50B | $1.40B | $1.36B | $1.19B | $1.03B |
| Cost of revenue | $546.7M | $712.8M | $651.4M | $628.6M | $686.5M | $667.0M | $642.9M | $622.2M | $559.5M | $518.1M |
| Gross profit | $1.22B | $603.6M | $571.2M | $769.7M | $928.0M | $834.4M | $754.8M | $739.8M | $627.5M | $511.2M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $165.9M | $163.8M | $144.9M | $145.8M | $137.7M | $149.1M | $148.3M | $158.4M | $201.8M | $170.2M |
| Total operating expenses | $592.2M | $446.2M | $554.7M | $307.5M | $294.7M | $300.8M | $308.4M | $334.5M | $303.0M | $269.7M |
| Operating income | $623.6M | $157.3M | $16.5M | $462.2M | $633.3M | $533.6M | $446.3M | $405.3M | $324.5M | $241.5M |
| Interest income | — | — | — | — | — | — | $229.7M | $249.3M | $202.4M | $190.1M |
| Interest expense | $287.6M | $252.5M | $201.9M | $153.3M | $169.6M | $209.4M | $217.8M | $237.4M | $204.2M | $185.7M |
| Income before taxes | $336.2M | −$96.2M | −$180.3M | $311.0M | $436.5M | $282.9M | $201.2M | $156.5M | $131.2M | $57.4M |
| Income taxes | $79.3M | $43.0M | $26.2M | $116.4M | $85.3M | $70.4M | $32.3M | $46.8M | $52.0M | $38.2M |
| Net income | $256.8M | −$139.2M | −$206.5M | $194.6M | $350.8M | $211.8M | $167.9M | $115.9M | $83.2M | $76.6M |
| EBITDA | $652.5M | $174.0M | $63.4M | $510.7M | $656.3M | $535.0M | $460.0M | $435.1M | $375.4M | $278.0M |
| EPS (diluted) | $11.11 | −$0.59 | $2.14 | $6.80 | $11.92 | $7.76 | $5.94 | $4.95 | $4.03 | $3.46 |
| Gross margin | 69.0% | 45.9% | 46.7% | 55.0% | 57.5% | 55.6% | 54.0% | 54.3% | 52.9% | 49.7% |
| Operating margin | 35.4% | 12.0% | 1.4% | 33.1% | 39.2% | 35.5% | 31.9% | 29.8% | 27.3% | 23.5% |
| Net margin | 14.6% | −10.6% | −16.9% | 13.9% | 21.7% | 14.1% | 12.0% | 8.5% | 7.0% | 7.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $491.9M | $472.9M | $473.6M | $460.4M | $442.1M | $392.8M | $265.6M | $367.1M | $355.3M | $328.4M | $277.4M | $309.6M |
| Cost of revenue | $305.0M | $144.1M | $30.8M | $203.7M | $117.7M | $105.9M | $181.9M | $139.3M | $178.4M | $170.3M | $162.6M | $159.4M |
| Gross profit | $186.9M | $328.8M | $442.7M | $256.6M | $324.4M | $286.8M | $83.7M | $227.8M | $176.9M | $158.0M | $114.8M | $150.2M |
| Sales, general & admin | $38.7M | $39.6M | $44.4M | $39.2M | $41.3M | $41.0M | $52.0M | $38.8M | $36.8M | $36.2M | $36.8M | $35.6M |
| Total operating expenses | $216.4M | $145.8M | $269.3M | $83.4M | $173.7M | $157.5M | $217.9M | $121.7M | $75.1M | $74.5M | $332.0M | $74.7M |
| Operating income | $186.9M | $183.0M | $173.4M | $173.2M | $150.7M | $129.3M | −$134.2M | $106.1M | $101.8M | $83.6M | −$217.2M | $75.5M |
| Interest expense | $73.9M | $70.6M | $75.2M | $70.5M | $70.5M | $67.2M | $79.6M | $62.9M | $61.4M | $52.5M | $54.5M | $47.1M |
| Income before taxes | $82.8M | $111.7M | $97.8M | $99.9M | $78.0M | $60.5M | −$210.0M | $40.8M | $42.5M | $30.5M | −$271.7M | $30.1M |
| Income taxes | $18.8M | $25.5M | $21.2M | $25.2M | $19.3M | $13.7M | $15.3M | $10.1M | $10.3M | $7.3M | −$934,000 | $10.7M |
| Net income | $64.0M | $86.2M | $76.7M | $74.7M | $58.7M | $46.8M | −$225.3M | $30.6M | $32.2M | $23.2M | −$270.8M | $19.3M |
| EBITDA | $163.9M | $189.2M | $179.9M | $177.6M | $155.8M | $135.0M | −$136.2M | $111.8M | $107.6M | $90.8M | −$212.4M | $88.3M |
| EPS (diluted) | $2.81 | $3.91 | $3.48 | $3.17 | $2.52 | $1.94 | −$4.26 | $1.26 | $1.39 | $1.02 | −$0.57 | $0.72 |
| Gross margin | 38.0% | 69.5% | 93.5% | 55.7% | 73.4% | 73.0% | 31.5% | 62.0% | 49.8% | 48.1% | 41.4% | 48.5% |
| Operating margin | 38.0% | 38.7% | 36.6% | 37.6% | 34.1% | 32.9% | −50.5% | 28.9% | 28.7% | 25.5% | −78.3% | 24.4% |
| Net margin | 13.0% | 18.2% | 16.2% | 16.2% | 13.3% | 11.9% | −84.8% | 8.3% | 9.1% | 7.1% | −97.6% | 6.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ECPG's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ECPG financial results
In fiscal year 2025 (ended December 31, 2025), Encore Capital reported revenue of $1.8 billion, up 33.9% from the year before. It had net income of $256.8 million, a net profit margin of 14.6%. Diluted earnings per share came to $11.11. Over five years revenue grew at an average rate of 3.3% a year.
See the ECPG stock overview for the latest quote and news, or the ECPG chart for price history and technical indicators.
ECPG income statement FAQ
What is Encore Capital's annual revenue?
Encore Capital reported total revenue of $1.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 33.9% from $1.3 billion the previous year.
Is Encore Capital profitable?
Yes. Encore Capital reported net income of $256.8 million in fiscal 2025, a net profit margin of 14.6%; its operating margin was 35.4%.
What is Encore Capital's gross margin?
Encore Capital's gross margin was 69.0% in fiscal 2025: for every $100 of revenue, Encore Capital kept $69 after the direct cost of its products and services.
How fast is Encore Capital growing?
Revenue grew 3.3% a year on average over the last five fiscal years, from $1.5 billion to $1.8 billion.
What are Encore Capital's earnings per share?
Encore Capital earned $11.11 per diluted share in fiscal 2025, compared with $-0.59 a year earlier.
When will Encore Capital report its next earnings?
Encore Capital is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Encore Capital's fiscal year end?
Encore Capital's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.