EarningsQ2 2026 Earnings Report
DE:OW0A Q2 2026 EPS Results
Actual EPS-€1.36
Consensus EPS€0.85
Beat/MissMissed by -€2.21
One Year Ago EPS€2.14
DE:OW0A Q2 2026 Revenue Results
Actual Revenue€249.84M
Expected Revenue€242.67M
Beat/MissBeat by +€7.17M
YoY Revenue Growth+16.97%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
DE:OW0A Upcoming Earnings
Onity Group's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:OW0A Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong top-line momentum, record origination volume, notable servicing and subservicing growth, improved operating efficiency and technology-driven initiatives that are driving long-term improvement. However, results were weighed down by one-time transaction costs and fair value markdowns—particularly related to the volatile reverse MSR book—and servicing adjusted pretax income was meaningfully lower year-over-year due to elevated MSR runoff. Management has taken concrete actions (reverse asset sale, legacy subservicing transfers, continued technology investments and buybacks) to simplify the business, reduce volatility and improve ROE, but near-term guidance is conservative and reflects current market uncertainty.Company Guidance
Strong Revenue Growth
Revenue was up 24% year-over-year, driven by higher volumes and improved execution across both origination and servicing businesses.
Record Origination Volume
Funded origination volume reached a record $15.5 billion in Q2 (largest quarter in company history); originations grew 64% year-over-year.
Origination Profitability Expansion
Origination adjusted pretax income increased more than 3x year-over-year, supported by higher volumes and improved margins (enterprise sales and analytics).
Servicing Portfolio Growth Outperforming Industry
Total servicing UPB ended the quarter up 10% year-over-year versus 3% industry servicing growth; servicing additions were ~2.8x prior year and subservicing UPB was up 25% year-over-year.
Consumer Direct and Recapture Improvements
Consumer Direct funded volume was about 3x last year; refinance recapture improved to 51% in Q2 (up 3 percentage points year-over-year) and refinance payoff volume rose roughly 3x versus prior year.
Product Mix Expansion and New Products
Home equity product volume doubled versus the prior-year quarter; second liens more than doubled year-over-year with over $70 million funded in Q2. B2B (correspondent/co-issue) was the strongest contributor to originations.
Subservicing Wins and Client Satisfaction
First half subservicing additions of $35 billion exceeded guidance; company was named servicer on its first single-family rental securitization for a top-tier client; client Net Promoter Score was 70 in H1 2026.
Operational Efficiency and Productivity
Operating efficiency improved on a 12-month trailing basis; servicing advances declined 33% over the last two years; book value per share increased by about $13 year-over-year. Technology investments (RPA, NLP, AI) are driving productivity and customer engagement.
Strategic Simplification Completed
Completed reverse asset sale to Finance of America and transferred most legacy subservicing back to Rithm, actions management says simplify the business, improve profitability and reduce future volatility exposure.
DE:OW0A Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed