ENVA · Enova International, Inc. Q2 FY2026 earnings call record财报电话会记录

“Profitability grew even faster, with adjusted EPS growing 33% from the second quarter of 2025, marking our eighth consecutive quarter of year-over-year adjusted EPS growth of 30% or more.”

“Turning to our second quarter results, total company revenue of $929 million increased 22% from the second quarter of 2025, driven by 28% year-over-year growth in total company combined loan and finance receivable balances on an amortized basis.”

“Revenue from our consumer businesses increased 11% from the second quarter of 2025 to $477 million as consumer receivables on an amortized basis ended the quarter at $1.7 billion, or approximately 14% higher than the end of the second quarter of 2025.”

“The consolidated net charge-off ratio for the second quarter was 7.3%, an improvement from 8.1% a year ago and 7.6% in the first quarter, driven largely by continued improvement in our consumer portfolio.”

“The consumer net charge-off ratio improved to 12.8%, 170 basis points lower than the second quarter a year ago, while the small business net charge-off ratio was 4.8%, roughly in line with the 4.7% a year ago.”

“Looking ahead, we expect the total company net revenue margin for the third quarter of 2026 to be in the 55%-60% range.”

“We will continue stock repurchases opportunistically while also ensuring we are prepared to close the Grasshopper bank acquisition and transition to a bank holding company later this year.”

“For the third quarter, we expect consolidated revenue to be around 25% higher year-over-year, with a net revenue margin in the 55%-60% range.”

“For the full year, we now expect revenue growth of 20%-25% compared to the full year of 2025, with continued operating leverage full year 2026 adjusted EPS growth of 30%-35%.”

“I think what you saw on the consumer side is a reflection of that strength and resiliency in the consumer space that I highlighted, an increase in demand that we saw during the quarter, and us being able to capture that demand very consistent with our risk appetite, which hasn't changed, and the unit economics requirements that we have to book new loans.”

“Continue to drive our ability to serve as many customers as we can within that framework while delivering within the credit risk that we would expect.”

“I think we had a touch higher on new customers on the consumer side, which probably had a bit more to do with which we're happy to have because those new customers will be returning customers in the future.”