Enova International Sees Record-Breaking First Quarter with 33% Originations Growth
April 23, 2026 - Enova International, a leading provider of digital financial services, has announced its first quarter 2026 earnings, marking a strong start to the year.
The company reported a 33% year-over-year increase in originations to nearly $2.3 billion, with small business products representing 70% of its portfolio and consumer products accounting for 30%. This growth was driven by strong demand and solid credit performance, enabling Enova to be more aggressive with its marketing efforts.
Enova's CEO, Steve Cunningham, highlighted the company's balanced growth strategy and experienced team's ability to drive differentiated and consistent performance. "Our first quarter results marked a great start to the year," he said. "Strong originations growth and solid credit across our portfolio once again drove outstanding financial results that were in line or better than our expectations."
The company's revenue increased 17% year-over-year to a record $875 million, with adjusted EPS increasing 30% from the first quarter of 2025. SMB revenue grew 37% year-over-year to $418 million, while consumer revenue increased 3% year-over-year to $446 million.
Enova's credit metrics across its portfolio reflect stable or improving performance, with the consolidated Net Charge-Off Ratio for the first quarter falling both sequentially and year-over-year to 7.6%. This marks the company's lowest consolidated quarterly net charge-off rate since the second quarter of 2023.
In terms of specific business segments, Enova's consumer business saw originations growth accelerate to 10% on a year-over-year basis, driven by strong demand and stable credit. The SMB business continued to deliver remarkable growth and stable credit, with a record $1 billion in originations for the quarter, up 42% from the same period last year.
Enova's President and CEO, Steve Cunningham, expressed confidence in the company's future prospects, stating that they will continue to "opportunistically lean into marketing" to meet demand that delivers strong returns and meets unit economics hurdles. With its diversified product offerings, scalable operating model, and advanced risk management capabilities, Enova is well-positioned to drive growth and profitability in the years ahead.
