---
schema_version: "secwatch.filing_event.v1"
accession: "0001084961-23-000104"
form_type: "8-K"
ticker: "ECPG"
cik: "0001084961"
company_name: "ENCORE CAPITAL GROUP INC"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T01:58:51.933697+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Encore Capital Q3 GAAP EPS $0.79 (-35% YoY); US portfolio purchases $179M at 2.4x multiple

## Summary
- Global collections $465M (+2% YoY); GAAP net income $19.3M vs $31.5M, down 39%.
- GAAP EPS $0.79 vs $1.22 in Q3 2022 (-35%); revenue $309.6M (+1% YoY).
- Total portfolio purchases $231M, including $179M US at a 2.4x purchase price multiple.
- ERC grew to $7.88B from $7.31B (+8% YoY); added ~$175M liquidity post-quarter.
- CEO expects record US capital deployment in 2023 and robust supply pipeline for 2024.

## SEC filing metadata
- accession: 0001084961-23-000104
- form_type: 8-K
- ticker: ECPG
- cik: 0001084961
- company_name: ENCORE CAPITAL GROUP INC
- filed_at: 2023-11-01T23:59:59+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/1084961/000108496123000104/0001084961-23-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084961/000108496123000104/ecpg-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084961-23-000104
- JSON: https://secwatch.observer/filing/0001084961-23-000104.json
- Plain text: https://secwatch.observer/filing/0001084961-23-000104.txt

## Key facts
- Earnings Releases
  ENCORE CAPITAL GROUP INC reported the third quarter ended September 30, 2023 results: revenue $309,619, net income $19,339, EPS $0.79.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $309,619
  - Net income: $19,339
  - EPS: $0.79
  - Result: reported results
  source text: 2023 2022 Change Portfolio purchases (1) $ 230,559 $ 232,652 (1)% Estimated Remaining Collections (ERC) $ 7,877,621 $ 7,312,336 8% Collections $ 465,339 $ 458,256 2% Revenues $ 309,619 $ 307,752 1% Operating expenses $ 234,101 $ 227,235 3% GAAP net income $ 19,339 $ 31,494 (39)% GAAP earnings per share $ 0.79 $ 1.22 (35)% ______________________ (1) Includes U.S.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084961/000108496123000104/0001084961-23-000104-index.htm

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