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Exhibit 99.1


Encore Capital Group Announces Second Quarter 2026 Financial Results

•Favorable purchasing conditions continue in U.S. market
•Global portfolio purchases of $444 million, including record $372 million in U.S.
•Global collections up 13% to record $737 million
•Earnings per share of $2.81 includes $1.00 per share of refinancing costs

SAN DIEGO, August 5, 2026 -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the second quarter ended June 30, 2026.
“Encore’s performance in the second quarter affirmed our industry leadership through record U.S. portfolio purchasing and record global collections in addition to meaningfully improving the funding of our global business through a billion-dollar refinancing at attractive terms,” said Ashish Masih, President and Chief Executive Officer. “Second quarter global portfolio purchases were $444 million and global collections were $737 million. This collections performance helped drive GAAP net income in the second quarter of $64 million or $2.81 per share, which includes refinancing costs of $1.00 per share.”

“Our MCM business in the U.S. continues to deliver very strong results. Capitalizing on the ongoing attractive market opportunity in the U.S. driven by ample portfolio supply, MCM purchased $372 million of portfolios in the second quarter, our strongest purchasing quarter ever. MCM also delivered record collections of $572 million in the second quarter, up 17% compared to Q2 a year ago. This exceptional collections performance is the result of strong execution and continued significant portfolio purchasing as well as the deployment of new technologies, enhanced digital capabilities and continued operational innovation.”
“Our Cabot business in Europe delivered a solid second quarter. Portfolio purchases were $72 million while collections of $164 million were in line with the second quarter last year.”

“In May we refinanced $1 billion of debt, incurring $30.5 million of refinancing costs in the second quarter, which will save approximately $15 million in annual interest expense going forward.”

“As a result of our strong first half of the year, we are revising our global collections guidance and now expect our full-year 2026 collections to be in a range between $2.80 billion and $2.85 billion, reflecting year-over-year growth of 8-10%. Additionally, we now expect our EPS in 2026 to be within a range from $13.00 to $14.00 per share, even after absorbing $1.00 per share of refinancing costs in the second quarter. Our guidance for portfolio purchasing remains within a range from $1.4 billion to $1.5 billion. As always, we remain committed to the critical role we play in the consumer credit ecosystem and to helping consumers restore their financial health,” said Masih.

In the second quarter, the company repurchased approximately $27 million of its shares of common stock.

Encore Capital Group, Inc.
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Financial Highlights for the Second Quarter of 2026:
Three Months Ended June 30,
(in thousands, except percentages and earnings per share)20262025Change
Portfolio purchases(1)
$443,815 $367,099 21%
Average receivable portfolios(2)
$4,523,560 $4,068,656 11%
Estimated Remaining Collections (ERC)
$10,178,335 $9,362,400 9%
Collections
$736,864 $654,985 13%
Revenues
$491,872 $442,122 11%
Operating expenses
$304,970 $291,389 5%
Net income
$63,999 $58,721 9%
Earnings per share
$2.81 $2.49 13%
______________________
(1)Includes U.S. purchases of $372.3 million and $317.3 million, and Europe purchases of $71.5 million and $49.8 million in Q2 2026 and Q2 2025, respectively.
(2)Represents the average of receivable portfolios for the quarter (sum of receivable portfolios at the beginning and end of the quarter divided by 2).


Conference Call and Webcast
Encore will host a conference call and slide presentation today, August 5, 2026, at 2:00 p.m. Pacific / 5:00 p.m. Eastern time, to present and discuss second quarter results.
Members of the public are invited to access the live webcast via the Internet by logging in on the Investor Relations page of Encore's website at encorecapital.com. To access the live conference call by telephone, please pre-register using this link. Registrants will receive confirmation with dial-in details.

For those who cannot listen to the live broadcast, a replay of the webcast will be available on the Company's website shortly after the call concludes.

Encore Capital Group, Inc.
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Non-GAAP Financial Measures
This news release includes certain financial measures that exclude the impact of certain items and therefore have not been calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). The Company has included information concerning adjusted EBITDA because management utilizes this information in the evaluation of its operations and believes that this measure is a useful indicator of the Company’s ability to generate cash collections in excess of operating expenses through the liquidation of its receivable portfolios. Adjusted EBITDA has not been prepared in accordance with GAAP and should not be considered as an alternative to, or more meaningful than, net income and net income per share as indicators of the Company’s operating performance. Further, this non-GAAP financial measure, as presented by the Company, may not be comparable to similarly titled measures reported by other companies. A reconciliation of Adjusted EBITDA to its most directly comparable GAAP financial measure is below.

About Encore Capital Group, Inc.

Encore Capital Group is an international specialty finance company that provides debt recovery solutions and other related services for consumers across a broad range of financial assets. Through its subsidiaries around the globe, Encore purchases portfolios of consumer receivables from major banks, credit unions, and utility providers.
Encore partners with individuals as they repay their debt obligations, helping them on the road to financial recovery and ultimately improving their economic well-being. Encore is the first and only company of its kind to operate with a Consumer Bill of Rights that provides industry-leading commitments to consumers. Headquartered in San Diego, Encore is a publicly traded NASDAQ Global Select company (ticker symbol: ECPG) and a component stock of the Russell 2000, the S&P Small Cap 600 and the Wilshire 4500. More information about the company can be found at http://www.encorecapital.com.

Encore Capital Group, Inc.
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Forward Looking Statements
The statements in this press release that are not historical facts, including, most importantly, those statements preceded by, or that include, the words “will,” “may,” “believe,” “projects,” “expects,” “anticipates” or the negation thereof, or similar expressions, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). These statements may include, but are not limited to, statements regarding our future operating results (including purchases and collections), performance, supply and pricing, liquidity, business plans or prospects. For all “forward-looking statements,” the Company claims the protection of the safe harbor for forward-looking statements contained in the Reform Act. Such forward-looking statements involve risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company and its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and other factors are discussed in the reports filed by the Company with the Securities and Exchange Commission, including the most recent report on Form 10-K, as it may be amended from time to time. The Company disclaims any intent or obligation to update these forward-looking statements.


Contact:
Bruce Thomas
Encore Capital Group, Inc.
Vice President, Global Investor Relations
bruce.thomas@encorecapital.com

SOURCE: Encore Capital Group, Inc.



FINANCIAL TABLES FOLLOW


Encore Capital Group, Inc.
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ENCORE CAPITAL GROUP, INC.
Condensed Consolidated Statements of Financial Condition
(In Thousands, Except Par Value Amounts)
(Unaudited)
June 30,
2026		December 31,
2025
Assets
Cash and cash equivalents$182,932 $156,784 
Receivable portfolios, net
4,609,705 4,371,532 
Property and equipment, net80,615 82,080 
Other assets163,269 193,113 
Goodwill528,742 536,291 
Total assets
$5,565,263 $5,339,800 
Liabilities and Equity
Liabilities:
Accounts payable and accrued liabilities$190,810 $230,261 
Borrowings4,179,515 4,001,293 
Other liabilities116,221 131,496 
Total liabilities
4,486,546 4,363,050 
Commitments and Contingencies
Equity:
Convertible preferred stock, $0.01 par value, 5,000 shares authorized, no shares issued and outstanding
— — 
Common stock, $0.01 par value, 75,000 shares authorized, 21,209 and 21,688 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
212 217 
Additional paid-in capital— — 
Accumulated earnings1,209,896 1,104,640 
Accumulated other comprehensive loss(131,391)(128,107)
Total stockholders’ equity1,078,717 976,750 
Total liabilities and stockholders’ equity$5,565,263 $5,339,800 

The following table presents certain assets and liabilities of consolidated variable interest entities (“VIEs”) included in the condensed consolidated statements of financial condition above. Most assets in the table below include those assets that can only be used to settle obligations of consolidated VIEs. The liabilities exclude amounts where creditors or beneficial interest holders have recourse to the general credit of the Company.
June 30,
2026		December 31,
2025
Assets
Cash and cash equivalents$47,527 $40,256 
Receivable portfolios, net
1,221,069 1,151,221 
Other assets4,272 3,540 
Liabilities
Accounts payable and accrued liabilities2,545 3,101 
Borrowings785,213 791,182 
Other liabilities315 2,774 

Encore Capital Group, Inc.
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ENCORE CAPITAL GROUP, INC.
Condensed Consolidated Statements of Income
(In Thousands, Except Per Share Amounts)
(Unaudited)
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Revenues
Portfolio revenue$400,242 $361,174 $790,261 $706,392 
Changes in recoveries71,115 55,599 133,855 77,063 
Total debt purchasing revenue471,357 416,773 924,116 783,455 
Servicing revenue18,228 22,300 38,866 44,847 
Other revenues2,287 3,049 4,301 6,595 
Total revenues491,872 442,122 967,283 834,897 
Operating expenses
Salaries and employee benefits119,585 117,738 234,126 223,670 
Cost of legal collections96,599 79,649 185,820 147,662 
General and administrative expenses38,724 41,327 78,353 82,345 
Other operating expenses36,831 36,990 71,664 71,242 
Collection agency commissions6,119 8,374 12,456 15,247 
Depreciation and amortization7,112 7,311 13,970 14,655 
Total operating expenses304,970 291,389 596,389 554,821 
Income from operations186,902 150,733 370,894 280,076 
Other expense
Interest expense(73,907)(73,943)(146,957)(144,473)
Loss on extinguishment of debt(30,533)— (30,533)— 
Other income
385 1,226 1,175 2,873 
Total other expense(104,055)(72,717)(176,315)(141,600)
Income before income taxes82,847 78,016 194,579 138,476 
Provision for income taxes(18,848)(19,295)(44,337)(32,959)
Net income $63,999 $58,721 $150,242 $105,517 
Earnings per share:
Basic$2.97 $2.50 $6.94 $4.45 
Diluted$2.81 $2.49 $6.66 $4.41 
Weighted average shares outstanding:
Basic21,554 23,507 21,640 23,692 
Diluted22,791 23,578 22,555 23,926 

Encore Capital Group, Inc.
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ENCORE CAPITAL GROUP, INC.
Condensed Consolidated Statements of Cash Flows
(Unaudited, In Thousands)
Six Months Ended June 30,
20262025
Operating activities:
Net income$150,242 $105,517 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization13,970 14,655 
Loss on extinguishment of debt30,533 — 
Other non-cash interest expense, net5,189 7,211 
Stock-based compensation expense10,618 8,707 
Changes in recoveries(133,855)(77,063)
Other, net7,623 7,045 
Changes in operating assets and liabilities
Other assets8,530 14,897 
Accounts payable, accrued liabilities and other liabilities(39,904)(26,162)
Net cash provided by operating activities52,946 54,807 
Investing activities:
Purchases of receivable portfolios, net of put-backs
(800,301)(725,391)
Collections applied to receivable portfolios
665,017 553,400 
Purchases of property and equipment(13,249)(13,320)
Other, net17,883 15,659 
Net cash used in investing activities(130,650)(169,652)
Financing activities:
Payment of loan and debt refinancing costs(38,382)(2,491)
Proceeds from credit facilities791,079 549,605 
Repayment of credit facilities(723,790)(418,463)
Proceeds from senior secured notes1,128,676 — 
Repayment of senior secured notes(983,540)— 
Repurchase and retirement of common stock(47,029)(25,215)
Other, net(20,182)(16,206)
Net cash provided by financing activities106,832 87,230 
Net increase (decrease) in cash and cash equivalents29,128 (27,615)
Effect of exchange rate changes on cash and cash equivalents(2,980)646 
Cash and cash equivalents, beginning of period156,784 199,865 
Cash and cash equivalents, end of period$182,932 $172,896 
Supplemental disclosures of cash flow information:
Cash paid for interest$148,719 $133,830 
Cash paid for income taxes, net of refunds
33,786 29,278 
Supplemental schedule of non-cash investing activities:
Receivable portfolios transferred to real estate owned
$1,868 $2,011 

Encore Capital Group, Inc.
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ENCORE CAPITAL GROUP, INC.
Supplemental Financial Information
Reconciliation of Non-GAAP Metrics
Adjusted EBITDA
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands, unaudited)2026202520262025
GAAP net income, as reported$63,999 $58,721 $150,242 $105,517 
Adjustments:
Interest expense73,907 73,943 146,957 144,473 
Interest income(1,092)(1,362)(2,186)(2,908)
Provision for income taxes18,848 19,295 44,337 32,959 
Depreciation and amortization7,112 7,311 13,970 14,655 
Stock-based compensation expense6,043 5,283 10,618 8,707 
Acquisition, integration and restructuring related expenses(1)
3,213 1,042 4,678 1,290 
Loss on extinguishment of debt30,533 — 30,533 — 
Adjusted EBITDA$202,563 $164,233 $399,149 $304,693 
Collections applied to principal balance(2)
$269,880 $244,677 $539,349 $488,977 
________________________

(1)Amount represents acquisition, integration and restructuring related expenses. We adjust for this amount because we believe these expenses are not indicative of ongoing operations; therefore, adjusting for these expenses enhances comparability to prior periods, anticipated future periods, and our competitors’ results.
(2)Amount represents (a) gross collections from receivable portfolios less (b) debt purchasing revenue, plus (c) proceeds applied to basis from sales of real estate owned (“REO”) assets and, when applicable, other receivable portfolios. A reconciliation of “collections applied to receivable portfolios, net” to “collections applied to principal balance” is available in the Form 10-Q for the period ending June 30, 2026.