PRA Group Q2 FY26 net income rises 37% to $58 million
Reuters2026/08/06 20:25- PRA Group posted Q2 2026 net income of USD 58 million, with diluted EPS of USD 1.51.
- Total cash collections rose 4% to USD 559 million, while estimated remaining collections climbed 7% to USD 8.9 billion.
- Adjusted EBITDA for the 12 months ended June 30, 2026 increased 10% to USD 1.4 billion.
- Changes in expected recoveries rose to USD 97 million from USD 33 million, driven by a USD 349 million increase in European ERC.
- Repurchased USD 10 million of shares; the board authorized a new share repurchase program of up to USD 150 million.
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