Enova International said third-quarter 2026 revenue rose 26% from a year earlier to a record $1.01 billion, topping the $803 million it posted in the third quarter of 2025 and marking the first time quarterly revenue exceeded $1 billion.
Net income increased 34% to $107 million from $80 million a year ago, while diluted earnings per share climbed to $4.06 from $3.03. Adjusted earnings per share rose 33% to $4.48 from $3.36.
Originations increased 31% year over year, and total company combined loans and finance receivables rose 30% from the end of the third quarter of 2025 to $5.9 billion, a record level. Total company originations in the quarter were $2.6 billion.
Credit metrics were mixed but stayed stable overall. Net revenue margin improved to 61% from 57% in the third quarter of 2025. The consolidated net charge-off ratio fell to 8.1% from 8.5% a year earlier. The company also said its consolidated fair value premium was sequentially stable.
Adjusted EBITDA rose 23% to $269 million from $218 million in the prior-year quarter.
Enova ended the period with $1.3 billion in liquidity, including cash, marketable securities and available capacity on facilities. During the quarter, it repurchased $46 million of common stock and entered the fourth quarter with $252 million of remaining share repurchase capacity. As a result of these announcements, the company's shares have moved 0.33% on the market, and are now trading at a price of $180.05. For more information, read the company's full 8-K submission here.
