Enova International (ENVA) reported third-quarter 2026 revenue of $1.01 billion, up 26% year over year and the first time it has exceeded $1 billion, with adjusted EPS of $4.48, up 33%. Consolidated originations rose 31% to $2.6 billion, and total loan and finance receivables grew 30% to $5.9 billion, with small business products making up 68% of the portfolio. The consolidated net charge-off ratio improved to 8.1% from 8.5% a year earlier, while the 30-plus-day delinquency rate rose to 8% from 7.2%, which management attributed to typical consumer seasonality. Marketing expenses reached $230 million, or 23% of revenue. For the fourth quarter, management expects revenue growth of about 25% and adjusted EPS growth of 30% to 35%, and the company repurchased $46 million of shares during the quarter.
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Enova (ENVA) reported third-quarter 2026 revenue of $1.01 billion, up 26% year over year and surpassing $1 billion for the first time. Adjusted EPS rose 33% to $4.48, while consolidated originations grew 31% to $2.6 billion. Total loan and finance receivables reached $5.9 billion, up 30%, with small business products making up 68% of the portfolio. Consumer originations hit a record $870 million, up 37%, while the consolidated net charge-off ratio eased to 8.1% from 8.5% and the 30-plus-day delinquency rate rose to 8% from 7.2%. For the fourth quarter, management expects revenue growth of about 25% and adjusted EPS growth of 30% to 35%, while flagging ongoing concerns about inflation and interest rates.
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