---
schema_version: "secwatch.filing_event.v1"
accession: "0001084961-23-000011"
form_type: "8-K"
ticker: "ECPG"
cik: "0001084961"
company_name: "ENCORE CAPITAL GROUP INC"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:08:19.679502+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Encore Capital reports Q4 net loss of $73M; full-year EPS $7.46, down 34% YoY

## Summary
- GAAP net loss of $73.1M in Q4 2022 vs net income of $76.1M in Q4 2021; EPS -$3.11.
- Full-year 2022 GAAP net income $194.6M, EPS $7.46, down 45% and 34% YoY respectively.
- Portfolio purchases up 20% to $800.5M; U.S. purchases up 36% to $556M.
- ERC down 3% to $7.56B; effective tax rate 37.4% for full year, Q4 negative due to one-time items.
- Q1 2023 U.S. portfolio purchases expected at least $200M, more than double Q1 2022.

## SEC filing metadata
- accession: 0001084961-23-000011
- form_type: 8-K
- ticker: ECPG
- cik: 0001084961
- company_name: ENCORE CAPITAL GROUP INC
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1084961/000108496123000011/0001084961-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084961/000108496123000011/ecpg-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084961-23-000011
- JSON: https://secwatch.observer/filing/0001084961-23-000011.json
- Plain text: https://secwatch.observer/filing/0001084961-23-000011.txt

## Key facts
- Earnings Releases
  ENCORE CAPITAL GROUP INC reported the fourth quarter ended December 31, 2022 results: revenue $ 233,996, net income $ (73,118), EPS $ (3.11).
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $ 233,996
  - Net income: $ (73,118)
  - EPS: $ (3.11)
  - Result: reported results
  source text: Financial Highlights for the Fourth Quarter of 2022: Three Months Ended December 31, (in thousands, except percentages and earnings per share) 2022 2021 Change Collections $ 436,156 $ 521,781 (16)% Revenues $ 233,996 $ 357,303 (35)% Portfolio purchases (1) $ 225,343 $ 183,435 23% Operating expenses $ 236,301 $ 233,279 1% Effective tax rate (59.3) % 10.6 % N/A GAAP net (loss) income $ (73,118) $ 76,083 (196)% GAAP (loss) income per share $ (3.11) $ 2.53 (223)%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084961/000108496123000011/0001084961-23-000011-index.htm
- Earnings Releases
  ENCORE CAPITAL GROUP INC reported the full fiscal year ended December 31, 2022 results: revenue $ 1,398,347, net income $ 194,564, EPS $ 7.46.
  - Period: the full fiscal year ended December 31, 2022
  - Revenue: $ 1,398,347
  - Net income: $ 194,564
  - EPS: $ 7.46
  - Result: reported results
  source text: Financial Highlights for the Full Year of 2022: Year Ended December 31, (in thousands, except percentages and earnings per share) 2022 2021 Change Collections $ 1,911,537 $ 2,307,359 (17)% Revenues $ 1,398,347 $ 1,614,499 (13)% Portfolio purchases (1) $ 800,507 $ 664,529 20% Estimated Remaining Collections (ERC) $ 7,555,003 $ 7,749,954 (3)% Operating expenses $ 936,173 $ 981,227 (5)% Effective tax rate 37.4 % 19.5 % +1790bps GAAP net income attributable to Encore $ 194,564 $ 350,782 (45)% GAAP earnings per share $ 7.46 $ 11.26 (34)%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084961/000108496123000011/0001084961-23-000011-index.htm

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