Enova International reports record quarterly revenue exceeding $1 billion

Enova International reported its first quarterly revenue surpassing $1 billion in the third quarter of 2026. Total revenue rose 26% to $1.01 billion compared to $803 million in the same period the previous year. Net income increased 34% to $107 million, or $4.06 per diluted share.

The online lender saw significant growth in its portfolio, with combined loans and finance receivables reaching a record $5.9 billion, a 30% increase year-over-year. Loan originations grew by 31% to $2.6 billion. CEO Steve Cunningham noted that growth was strong across both consumer and small business sectors.

Credit performance showed improvement as the consolidated net charge-off ratio declined to 8.1% from 8.5% a year earlier. Despite the strong financial results, Enova shares fell 6.62% following the announcement. Management has forecasted fourth-quarter revenue growth of approximately 25%.