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Atlanticus Holdings (YCC) Q3 2026 Earnings Report

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DE:YCC Q3 2026 EPS Results

Actual EPS
EUR 2.70
Consensus EPS
EUR 2.69
Beat/Miss
Beat by +EUR 0.01
One Year Ago EPS
EUR 1.33

DE:YCC Q3 2026 Revenue Results

Actual Revenue
EUR 699.18M
Expected Revenue
EUR 698.48M
Beat/Miss
Beat by +EUR 695.71K
YoY Revenue Growth
+56.84%

Earnings Announcement Details

Quarter
Q3 2026
Date
11/05/2026
Time
After Close
Conference Call
Thursday, November 5, 2026
DE:YCC Upcoming Earnings

Atlanticus Holdings's next earnings date is estimated for March 18, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

DE:YCC Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Nov 05, 2026|% Change Since:0.00%|
Earnings Call Sentiment|Positive

The call was strongly positive. Management reported record operating performance, substantial revenue, net income and adjusted earnings growth, a 30% adjusted return on average equity versus a 20% goal, expanding receivables, stable credit and favorable Mercury performance. The main challenges were higher fair value adjustments, funding and operating costs, heightened direct-mail competition, expected increases in portfolio-wide CPAs and marginally higher delinquencies as the customer mix broadens. The highlights significantly outweighed the lowlights.

Company Guidance

Management estimated organic top-line growth without Mercury at “probably in the high teens, low 20% growth rate,” said it will continue to grow where it meets or exceeds return thresholds, expects delinquency ratios to “increase marginally” as offerings shift to a broader range of consumers, and said those receivables carry higher yields that are expected to result in a more profitable asset overall; it also said “it’s more likely than not” that portfolio-wide CPAs will continue to go up.

  • Record Profitability and ReturnsDiluted EPS was $4.87, including $1.87 from one-time items associated with two transactions completed during the quarter. Excluding those items, adjusted diluted EPS was $3 and adjusted return on average equity was 30%, well exceeding the company's 20% return goal.
  • Record Operating Performance Across Key MetricsThe company achieved record performance across almost every operating metric, including managed receivables, account originations on behalf of bank partners, customers served, purchase activity, revenue and profitability.
  • Strong Revenue and Net Margin GrowthTotal operating revenue and other income was $776 million, up 60% from a year ago, reflecting growth in general-purpose and private-label receivables along with a $205 million contribution from Mercury. Net margin reached $238 million, up 80% versus the prior-year period.
  • Net Income and EPS GrowthNet income attributable to common shareholders was $93 million, or $4.87 per share, up 300% from last year's third quarter.
  • Organic Growth Excluding MercuryManagement estimated that top-line growth without Mercury was in the high teens, low 20% growth rate.
  • Managed Receivables ExpansionManaged receivables totaled $7.1 billion at quarter end, up 8% year-over-year and 3.4% sequentially, with growth broad-based across private-label and general-purpose receivables.
  • Record Originations and Disciplined GrowthThe company delivered its third consecutive quarter of record new account originations on behalf of bank partners. Management stated that originations remain guided by unit-level profitability and that the increases were not the result of risk expansion.
  • Continued Investment in Analytics and Marketing ChannelsAtlanticus continues to invest in newer marketing channels and model development, including digital marketing funnels and models specific to those channels. The company has over 40 models in production at any given time and continuously updates and refines them.
  • Strategic Partner and Retail Credit GrowthGrowth in the retail credit business was driven by continued expansion with strategic partners, with management stating that partners are relying on Atlanticus for more of their volume over time. The company said it is winning share in that market.
  • Mercury Acquisition OutperformanceThe Mercury acquisition delivered better-than-modeled performance on both the back book and new origination volumes and was a significant contributor to revenue and earnings growth.
  • Stable Credit Performance and Lower Charge-Off RatioCredit remained stable quarter-on-quarter, while the combined principal net charge-off ratio declined to 17.3% from 17.7% in the prior quarter.
  • Attractive Returns from Broader Consumer ReachManagement stated that digital channels are reaching a broader range of consumers at attractive prices and returns. These consumers tend to have higher delinquencies and higher yields and, therefore, higher returns.
  • Operating Leverage and Scale BenefitsCustomer service CPAs continued to decline sequentially as the Mercury portfolio was integrated and the combined platform realized scale benefits. Revenue growth outpaced expense growth during the quarter, and the operating expense ratio improved modestly.
  • Strategic Sale of CAR Auto Finance OperationsAtlanticus completed the sale of its CAR Auto Finance operations to an unaffiliated buyer for approximately $71.2 million in total consideration, resulting in a gain of approximately $20 million. Management said the sale allows the company to concentrate capital and management resources on consumer credit products with the strongest long-term value-creation opportunities.
  • Mercury Intellectual Property Sale and Rebranding FlexibilityThe company completed the sale of the MERCURY word mark and related intellectual property for $27.5 million in cash. Atlanticus retains the right to use the brand for marketing purposes for 12 months and for servicing for an additional 5 years, providing time for rebranding.
  • Liquidity and Capital ResourcesTotal assets were $7.8 billion, total equity was $808 million, and cash and restricted cash totaled $736 million. Management stated that cash generated by the portfolio, availability under financing facilities and access to capital markets support operating and financing needs for future growth.
  • Resilient Consumer Payment BehaviorDespite inflation levels being above target, volatile gas prices and ongoing macroeconomic uncertainty, management said the consumers served remain resilient and rational, making appropriate spending changes while exhibiting consistent payment behaviors. Management also said much of the negative headwind appears to be offset by a very stable employment market.
  • Nearly 7 Million Customers ServedAtlanticus said it now serves and helps almost 7 million Americans meet their day-to-day financial needs.
  • Positive Long-Term Strategic PositioningManagement stated that Atlanticus is better positioned than at any point in its 30-year history and remains focused on directing capital toward opportunities with the greatest growth and return potential.

DE:YCC Earnings History

DE:YCC earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Mar 18, 20272026 (Q4)2.37-1.58――
Nov 05, 20262026 (Q3)2.692.701.33102.70% (+1.37)
Aug 06, 20262026 (Q2)2.182.251.3665.56% (+0.89)
May 07, 20262026 (Q1)1.522.011.3449.66% (+0.67)
Mar 12, 20262025 (Q4)1.431.581.2823.24% (+0.30)
Nov 10, 20252025 (Q3)1.541.331.1416.54% (+0.19)
Aug 07, 20252025 (Q2)1.111.360.8952.53% (+0.47)
May 08, 20252025 (Q1)1.341.340.9836.70% (+0.36)
Mar 13, 20252024 (Q4)1.151.280.9929.09% (+0.29)
Nov 07, 20242024 (Q3)1.111.140.9323.30% (+0.22)

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