Encore Capital Group Reports 24% Increase in Global Portfolio Purchases and EPS of $1.93 in Q1 2025

Reuters
05-08
Encore Capital Group Reports 24% Increase in Global Portfolio Purchases and EPS of $1.93 in Q1 2025

Encore Capital Group Inc. has reported its financial results for the first quarter of 2025, showcasing a robust performance. The company achieved a significant increase in global portfolio purchases, which rose by 24% to reach $368 million compared to the first quarter of the previous year. This growth was driven by record purchases of $316 million in the U.S. market, highlighting favorable purchasing conditions in the region. Additionally, global collections saw an 18% increase, totaling $605 million, with the U.S. contributing a record $454 million. This improved performance is reflected in the earnings per share $(EPS)$ for the quarter, which stood at $1.93, indicating a substantial year-over-year growth from the previous EPS of $0.95, marking a 103% increase. The company continues to focus on its strategic initiatives and operational efficiencies, contributing to its strong start in 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Encore Capital Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9446594-en) on May 07, 2025, and is solely responsible for the information contained therein.

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