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Get filing alertsEnova reports Q2 revenue up 22% to $929M, EPS up 40%, raises full-year outlook
Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
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high
Q2 revenue rose 22% YoY to $929M; net income climbed 38% to $105M ($4.00/share); adjusted EPS increased 33% to $4.31, marking the eighth consecutive quarter of 30%+ adjusted EPS growth.
Exhibit 99.1 view on EDGAR → -
high
Combined loan portfolio reached record $5.5B (up 28% YoY) on $2.3B in Q2 originations; net charge-off ratio improved to 7.3% and net revenue margin expanded to 61%, with stable delinquencies.
Exhibit 99.1 view on EDGAR → -
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Management raised full-year outlook based on Q2 performance exceeding expectations on both revenue and earnings.
Exhibit 99.1 view on EDGAR → -
medium
Grasshopper Bank acquisition remains on track for late 2026 close; company reports constructive regulatory dialogue during application review process.
Exhibit 99.1 view on EDGAR →
Summary
Enova delivered strong Q2 2026 results with revenue growth accelerating to 22% and earnings growth of 40%, extending a streak of eight consecutive quarters with 30%+ adjusted EPS growth. The combination of robust originations ($2.3B in the quarter), improving credit quality (net charge-offs down to 7.3%), and margin expansion (net revenue margin to 61%) drove the outperformance and prompted management to raise full-year guidance. The loan portfolio reached a record $5.5B, up 28% year-over-year, demonstrating the company's ability to scale its lending operations while maintaining credit discipline.
Stable delinquency trends and a declining charge-off ratio indicate the growth is coming with improving risk-adjusted returns. Management also provided an update on the pending Grasshopper Bank acquisition, noting constructive regulatory discussions and reaffirming expectations for a late 2026 close with significant synergies to follow.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Enova announced Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On July 23, 2026, Enova International, Inc. (the “Company”) issued a press release to announce its consolidated financial results for the three months ended June 30, 2026.
Enova disclosed its second quarter 2026 financial results through a press release. The 8-K body itself does not contain specific financial metrics; those would be in the attached Exhibit 99.1 press release, which is not included in the provided text.
Event · Exhibit 99.1
Enova reported Q2 2026 results with 27% originations growth, 40% EPS increase, and raised full-year outlook.
Added in current filing · view on EDGAR → · paraphrased
Total revenue of $929 million increased 22% from $764 million in the second quarter of 2025.
Net income of $105 million, or $4.00 per diluted share, increased 38% from $76 million, or $2.86 per diluted share, in the second quarter of 2025.
Adjusted EBITDA1 of $256 million increased 26% from $203 million in the second quarter of 2025.
Adjusted earnings per share1 of $4.31 increased 33% from $3.23 in the second quarter of 2025.
Enova reported strong Q2 2026 results with total revenue of $929 million (up 22% year-over-year), net income of $105 million or $4.00 per diluted share (up 38%), adjusted EBITDA of $256 million (up 26%), and adjusted earnings per share of $4.31 (up 33%). The company noted this was its eighth consecutive quarter of year-over-year adjusted EPS growth of 30% or more.
Added in current filing · view on EDGAR →
We are excited to build upon our proven capabilities with the planned acquisition of Grasshopper Bank. We remain in a constructive dialogue with regulators as they continue their application review process, and we look forward to closing later this year to begin immediately delivering on the significant transaction synergies.
Management provided an update on the pending Grasshopper Bank acquisition, stating they remain in constructive dialogue with regulators during the application review process and expect to close the transaction later in 2026. The company anticipates significant transaction synergies upon closing.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 24, 2026 · How we verify