Key Highlights

  • Collections grew 35% to $319.2 million in the third quarter of 2026.
  • Deployments rose 111% to $318.0 million.
  • Net income was $46.9 million, or $0.76 per share, and adjusted Net Income was $51.3 million, or $0.83 per share.
  • The board declared a quarterly Cash Dividend of $0.24 per share.

Jefferson Capital, Inc. (NASDAQ:JCAP) reported third quarter 2026 financial results on November 12, 2026. The Minneapolis company purchases and manages charged-off, Insolvency and active consumer accounts across the United States, Canada, the United Kingdom and Latin America. Collections, deployments and Revenue all grew from a year earlier, and the company reported net income and adjusted net income for the quarter. The board also declared a quarterly cash dividend.

Collections, Deployments and Revenue

Total collections for the quarter were $319.2 million, up 35% from $236.8 million a year earlier. By region, United States collections rose 31.4% to $240.3 million, Canada rose 21.0% to $35.1 million, the United Kingdom rose 10.8% to $12.3 million, and Latin America rose 126.6% to $31.5 million. Chairman and Chief Executive David Burton said the company delivered its largest third-quarter deployments in its history.

Deployments rose 111% to $318.0 million, while revenue increased 23% to $185.5 million. The company's estimated remaining collections, which it reports as an indicator of its future cash flows, rose 23% to $3.6 billion. The release calls the cash efficiency ratio of 72.9% a sector-leading figure, and Leverage was 1.73 times compared with 1.59 times a year earlier.

Earnings and Adjusted Measures

Pre-tax income was $58.9 million, and net income was $46.9 million, or $0.76 per share. Adjusted pre-tax income was $63.3 million, and adjusted net income was $51.3 million, or $0.83 per share. The adjusted measures are non-GAAP figures, and the company's release includes reconciliations to the GAAP results.

The release describes the company as having low leverage and ample Capital resources. Burton said the company is confident in its ability to generate Shareholder returns, though the release does not provide specific return targets.

Dividend and Growth Outlook

The Board of Directors declared a quarterly cash dividend of $0.24 per share. Burton said the company is well positioned to take advantage of opportunities ahead, citing its Leadership in hard-to-value and hard-to-service asset classes and the geographic breadth of its platform.

Triple-digit deployment growth in the United States, the United Kingdom and Latin America was cited as evidence of the company's expansion. The release does not give a full-year outlook, and the timing of collections from newly deployed portfolios is not separately stated.

Final Word

The third quarter shows Jefferson Capital with higher collections, deployments and revenue, net income of $46.9 million, a higher Leverage Ratio than a year earlier and a quarterly dividend of $0.24 per share. Management credited the period's growth to its geographic expansion and client relationships, and the leverage ratio was higher than a year earlier. Future quarters will show whether collections keep pace with the larger deployments reported in the period.