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OneMain Holdings (OMF) Q3 2026 Earnings Report
OMF Q3 2026 EPS Results
- Actual EPS
- $1.51
- Consensus EPS
- $1.56
- Beat/Miss
- Missed by -$0.05
- One Year Ago EPS
- $1.90
OMF Q3 2026 Revenue Results
- Actual Revenue
- $1.70B
- Expected Revenue
- $1.34B
- Beat/Miss
- Beat by +$360.83M
- YoY Revenue Growth
- +6.84%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/30/2026
- Time
- Before Open
- Conference Call
- Friday, October 30, 2026
OneMain Holdings's next earnings date is estimated for February 10, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was strongly positive, with accelerating receivables and originations growth, improving delinquency and charge-off trends, strong capital generation, better operating leverage, successful funding execution, and continued shareholder returns. The main challenges were the legacy back book, higher reserve and interest expenses, portfolio-mix-related yield and reserve pressure, macroeconomic uncertainty, and full-year C&I charge-offs expected at the higher end of guidance. Management nevertheless characterized the business trajectory as strong and expected further loss improvement into 2027.
For full year 2026, OneMain now expects managed receivables to grow at the high end of its previous guidance range. To 9%, C&I net charge offs to come in at the higher end of its previous guidance range of 7.4% to 7.9%, and the OpEx ratio to be approximately 6.6%; consumer loan yields are expected to hold at current levels through year end, funding costs to remain at approximately this level through year end, and quarterly PBMC expenses to remain in the mid-$50 million range going forward. OneMain expects full year credit card net charge offs to land comfortably within its longer term target range of 15% to 17%, the overall reserve rate to reach 11.8% in the fourth quarter, and lower year on year losses in the fourth quarter and into 2027, with consumer loan losses getting closer to 7%, which is sort of the top end of that normalized range for next year, assuming a steady macro environment; personal loan cap gen ROR is expected to be in the 4% to 5% range, auto slightly lower, and cards eventually getting to a run rate where it is slightly higher than personal loan, while OneMain is looking at a 20% ROE across all of these products.
- Capital Generation GrowthThird-quarter capital generation totaled $284 million, up 4% year over year from $272 million in the third quarter of 2025.
- Managed Receivables GrowthManaged receivables reached $28.1 billion, up $2.2 billion or 9% year over year, accelerating from 7% growth last quarter. Receivables included $1.8 billion of finance receivables serviced for others.
- Strong Originations Across ProductsThird-quarter originations totaled $4.5 billion, up 17% year over year. Consumer loan originations increased 17%, while credit card unit originations and purchase volume increased 84% and 82%, respectively.
- Auto Finance ExpansionAuto finance receivables grew 16% year over year to $3.2 billion, while third-quarter auto finance originations increased 26% year over year. Growth was supported by an expanded dealer network, deeper dealer relationships, and improved Salesforce productivity.
- Credit Card MomentumThe credit card business reached 1.5 million customer accounts and $1.4 billion of receivables. Credit card receivables grew $239 million, or 21% sequentially, and the business continued to benefit from enhancements to the BrightWay offering and increased customer engagement.
- Improving Delinquency TrendsConsumer loan 30-to-89-day delinquency declined 12 basis points year over year to 3.08%, compared with a 3 basis point decline last quarter, and improved 28 basis points year to date. 90-plus delinquency declined 9 basis points year over year, while 30-plus delinquency declined 21 basis points to 5.34%.
- Lower Charge-Off RatesThird-quarter C&I net charge-offs were 7.2%, down 96 basis points sequentially, while consumer loan net charge-offs were 6.9%, down 88 basis points sequentially.
- Credit Card Credit ImprovementCredit card net charge-offs declined 274 basis points year over year to 13.9%, and 30-plus delinquency declined 105 basis points year over year. Management expects full-year credit card net charge-offs to land comfortably within the longer-term target range of 15% to 17%.
- Strong RecoveriesRecoveries increased 15% year over year to $101 million, and recoveries as a percentage of average net receivables increased to 1.6% from 1.5% a year ago, reflecting continued enhancements to the loss recovery strategy.
- Revenue and Earnings GrowthThird-quarter total revenue was $1.7 billion, up 7% year over year, while interest income grew 7% to $1.5 billion. GAAP net income was $185 million, or $1.60 per diluted share, and adjusted net income was $174 million, or $1.51 per diluted share.
- Operating Leverage and Expense DisciplineOperating expenses increased 6% year over year to $453 million, below the 9% growth in managed receivables. The operating expense ratio improved to 6.5% from 6.6% a year ago and 6.7% last quarter.
- Balance Sheet and Funding StrengthOneMain raised $2.3 billion through three issuances in one day, including a $1 billion 2-year revolving ABS at 5.15%, a $680 million 5-year revolving ABS at 5.47%, and a $600 million unsecured bond due in 2034 at 7.18%. Bank lines remained unchanged at $7.5 billion, and net leverage was 5.5x, flat both sequentially and year over year.
- Shareholder ReturnsThe regular dividend was $4.20 per share on an annualized basis, representing a 7% yield at the share price referenced on the call. OneMain repurchased 538 thousand shares for $34 million in the third quarter and $171 million year to date, with more than $500 million returned to shareholders so far this year when combined with the dividend.
- Digital and AI InvestmentOneMain made its new mobile app experience available to all customers, bringing loans, credit cards, and the MyMoney financial wellness tool together in one place. The company is also deploying AI in targeted internal use cases, including automating manual processes, improving team-member productivity, and supporting product and software development, while piloting selected lower-risk customer-facing interactions under a governance framework focused on security, privacy, human accountability, and customer trust.
- Raised or Improved 2026 Growth OutlookThe company narrowed its full-year managed receivables growth guidance to the high end of its previous guidance range, now expecting 9% growth. It maintained its operating expense ratio guidance at approximately 6.6% for the year.
OMF Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 10, 2027 | 2026 (Q4) | 1.75- | 1.59 | ― | ― |
| Oct 30, 2026 | 2026 (Q3) | 1.561.51 | 1.9 | -20.53% (-0.39) | |
| Jul 29, 2026 | 2026 (Q2) | 1.261.31 | 1.45 | -9.66% (-0.14) | |
| May 01, 2026 | 2026 (Q1) | 1.861.95 | 1.72 | 13.37% (+0.23) | |
| Feb 05, 2026 | 2025 (Q4) | 1.541.59 | 1.16 | 37.07% (+0.43) | |
| Oct 31, 2025 | 2025 (Q3) | 1.611.90 | 1.26 | 50.79% (+0.64) | |
| Jul 25, 2025 | 2025 (Q2) | 1.231.45 | 1.02 | 42.16% (+0.43) | |
| Apr 29, 2025 | 2025 (Q1) | 1.571.72 | 1.45 | 18.62% (+0.27) | |
| Jan 31, 2025 | 2024 (Q4) | 1.151.16 | 1.39 | -16.55% (-0.23) | |
| Oct 30, 2024 | 2024 (Q3) | 1.141.26 | 1.57 | -19.75% (-0.31) |
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.
