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Jun 30, 2024
Enova Q2 2024 Earnings Report
Reported strong Q2 2024 results with increased revenue and earnings per share.
Key Takeaways
Enova International reported a strong second quarter in 2024, with a 26% increase in total revenue to $628 million compared to the previous year. Diluted earnings per share rose by 29% to $1.93, and adjusted earnings per share increased by 28% to $2.21. The company's combined loans and finance receivables reached a record $3.6 billion, driven by $1.4 billion in originations.
Total revenue increased 26% year-over-year to $628 million.
Diluted earnings per share increased 29% year-over-year to $1.93.
Adjusted earnings per share increased 28% year-over-year to $2.21.
Total company combined loans and finance receivables increased 25% year-over-year to $3.6 billion.
Revenue by Segment
Forward Guidance
Enova is confident in its ability to generate meaningful financial results this year and beyond and its ability to return significant capital to shareholders through share repurchases.
Positive Outlook
- Strong position heading into the back half of 2024
- Considerable momentum
- Constructive macroeconomic environment
- Stable credit across entire product range
- Ability to return significant capital to shareholders through share repurchases
Historical Earnings Impact
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Avg. Return Before/After Earnings
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