Enova's Third-Quarter Revenue Tops $1 Billion for the First Time
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On October 23, 2026, PYMNTS reported that online lender Enova's third-quarter revenue exceeded $1 billion for the first time, up 26% year over year; loan originations during the same period increased 31%. At quarter-end, the company's combined loan and finance receivables portfolio stood at $5.9 billion, up 30% year over year. In terms of asset quality, the combined net charge-off rate was 8.1%, down from 8.5% in the same period a year earlier. Enova said its consumer and small-business businesses both continued to grow steadily and expected strong financial performance in the fourth quarter. The report did not provide related data for earlier quarters or the company's fourth-quarter results.
AI-written from reports · updated 9 hours ago
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- PYMNTSEnova’s online lending business grows, with quarterly revenue surpassing $1 billion for the first time
Online lender Enova’s third-quarter revenue exceeded $1 billion for the first time, increasing 26% year on year, while loan originations rose 31%. At period-end, the consolidated loans and finance receivables portfolio reached $5.9 billion, up 30% year on year; the consolidated net charge-off rate fell to 8.1%, compared with 8.5% in the same period last year. The company said its consumer and small-business businesses both maintained steady growth and expects strong financial performance in the fourth quarter.
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