---
schema_version: "secwatch.filing_event.v1"
accession: "0001084961-22-000121"
form_type: "8-K"
ticker: "ECPG"
cik: "0001084961"
company_name: "ENCORE CAPITAL GROUP INC"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T11:51:22.652484+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Encore Capital Q3 GAAP net income $31M, EPS $1.22; collections down 19% YoY

## Summary
- GAAP net income $31.5M ($1.22 EPS) vs $83.6M ($2.66 EPS) in Q3 2021; revenue $307.8M (-25%).
- Global collections $458.3M (-19% YoY); European results affected by weakening British pound and Euro.
- Portfolio purchases $232.7M (+38% YoY), with US MCM purchases up 73% vs Q3 2021.
- Estimated Remaining Collections $7.31B (-7% from $7.88B); leverage ratio 2.1x vs 1.8x YoY.
- CEO cites entering growth phase in US portfolio supply cycle; ample liquidity to capitalize.

## SEC filing metadata
- accession: 0001084961-22-000121
- form_type: 8-K
- ticker: ECPG
- cik: 0001084961
- company_name: ENCORE CAPITAL GROUP INC
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1084961/000108496122000121/0001084961-22-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084961/000108496122000121/ecpg-20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084961-22-000121
- JSON: https://secwatch.observer/filing/0001084961-22-000121.json
- Plain text: https://secwatch.observer/filing/0001084961-22-000121.txt

## Key facts
- Earnings Releases
  ENCORE CAPITAL GROUP INC reported the third quarter ended September 30, 2022 results: revenue $307,752, net income $31,494, EPS $1.22.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $307,752
  - Net income: $31,494
  - EPS: $1.22
  - Result: reported results
  source text: Quarter of 2022: Three Months Ended September 30, (in thousands, except percentages and earnings per share) 2022 2021 Change Collections $ 458,256 $ 566,690 (19)% Revenues $ 307,752 $ 412,624 (25)% Portfolio purchases (1) $ 232,652 $ 168,188 38% Estimated Remaining Collections (ERC) $ 7,312,336 $ 7,879,353 (7)% Operating expenses $ 227,235 $ 245,977 (8)% GAAP
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084961/000108496122000121/0001084961-22-000121-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.