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EarningsQ2 2026 Earnings Report
OMF Q2 2026 EPS Results
Actual EPS$1.31
Consensus EPS$1.26
Beat/MissBeat by +$0.05
One Year Ago EPS$1.45
OMF Q2 2026 Revenue Results
Actual Revenue$1.63B
Expected Revenue$1.28B
Beat/MissBeat by +$344.78M
YoY Revenue Growth+5.79%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
OMF Upcoming Earnings
OneMain Holdings's next earnings date is estimated for October 30, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
OMF Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive picture: the company delivered healthy top-line growth (managed receivables +7%, originations +10%), meaningful product momentum (auto +19% originations, cards rapid scale and revenue yield gains), improving early-stage delinquency trends, strong recoveries, solid funding access and continued investment in technology. Offsetting these positives are elevated year-over-year net charge-offs and a modest reserve build (driven by rapid card growth and prior vintage delinquencies), a small decline in EPS versus prior year, and a persistent back-book delinquency drag. Management maintained full-year guidance and emphasized a conservative underwriting posture while opportunistically investing and returning capital. Overall, the positives (growth, improving delinquencies, funding strength, product scaling and efficiency gains) outweigh the near-term credit and reserve headwinds.Company Guidance
Robust Receivables and Originations Growth
Managed receivables rose to $26.9B, up $1.6B or 7% year over year. Total originations were $4.3B, up 10% YoY. Auto finance originations grew 19% YoY and auto receivables reached $3.0B, up 14% YoY. Credit card receivables increased ~$161M in the quarter and nearly $400M YoY.
Customer Base Expansion
Surpassed 4.0 million customer accounts, up 14% YoY. Credit card customer accounts reached ~1.3M, up ~155k sequentially and more than 400k YoY (card accounts +44% YoY).
Improving Early-Stage Delinquency Trends
30–89 day delinquency (ex-Foursight) declined 7 basis points YoY to 2.82%; 30+ delinquency (ex-Foursight) fell 4 bps YoY to 5.03%. Year-to-date 30–89 delinquency improved 28 bps — better than last year and pre-pandemic average.
Credit Card Momentum and Efficiency
Card portfolio showed strong growth and improving credit metrics: total card revenue yield rose to 33.6% (+33 bps YoY), purchase volume +57% YoY, marginal operating cost per card account down ~25% YoY, and 30+ card delinquencies fell 146 bps YoY.
Strong Recoveries and Loss Recovery Improvements
Recoveries were $117M (1.9% of average net receivables) driven by improved internal recovery processes and opportunistic charged-off asset sales; management expects recoveries to remain strong in H2.
Solid Revenue and Yield Performance
Total revenue was $1.6B, up 6% YoY; interest income $1.4B, up 6% YoY. Consumer loan yield was 22.7% (up 16 bps QoQ, 11 bps YoY).
Funding, Capital Position and Shareholder Returns
Issued a $1.1B 3-year revolving ABS with attractive pricing (~5.1%); bank lines of $7.5B; net leverage 5.5x (within 4x–6x target). Repurchased $576k shares in Q2 ($32M) and $137M YTD; regular dividend $4.20 annualized (~7% yield).
Technology, AI and Product Innovation
Rolling out a new loan origination system and internal AI tools for ~9k employees; expanded analytics using bank data to personalize offers. New product initiatives (debt consolidation, home fixture-secured) show early traction with favorable credit outcomes.
Disciplined Expense Management
Operating expenses were $439M, up 6% YoY largely due to strategic investments; OpEx ratio 6.7% (flat YoY, down 10 bps QoQ), reflecting operating leverage while investing for growth.
OMF 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