PRA Group reported second-quarter 2026 earnings per share of $1.51, beating the Zacks Consensus Estimate of 52 cents and rising 39.8% year over year. Total revenues were $372.2 million, surpassing the consensus mark of $313 million and increasing 29.4% from a year ago, driven by stronger cash collections across geographies and strong portfolio income. Cash collections grew 14% to $558.5 million, with U.S. Core collections of $269.7 million and Europe Core collections of $200.4 million, while portfolio income rose 7% to $267.8 million. Operating expenses increased to $218.9 million, largely due to higher legal collection costs, though compensation and benefits declined $5 million from workforce reductions. The company purchased $296.6 million of nonperforming loan portfolios, down 14.4% year over year, and ended the quarter with estimated remaining collections of $8.9 billion and total availability under credit facilities of $998 million.
PRA Group IncQ2 EPS and revenue beat estimates, driven by strong portfolio income and cash collections.
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