Loading...
•
Jun 30, 2022
Encore Q2 2022 Earnings Report
Encore Capital Group's Q2 2022 earnings were driven by strong U.S. collections, with an increase in future collection expectations leading to higher period revenues.
Key Takeaways
Encore Capital Group reported strong Q2 2022 earnings, driven by U.S. collections and increased future collection expectations. Global portfolio purchases increased by 21% compared to Q2 2021, with portfolio supply increasing, particularly in the U.S.
Q2 earnings were driven by strong U.S. collections.
Increase in future collections expectations in the U.S. led to higher period revenues.
Global portfolio purchases were $173M, up 21% compared to Q2 2021.
Portfolio supply is increasing, particularly in the U.S., driven by lending growth and rising delinquencies.
Encore
Encore
Encore Revenue by Geographic Location
Revenue by Geographic Location
Europe purchases Revenue
CapyFin.com