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World Acceptance Corporation Reports Fiscal 2026 Second Quarter Results
GREENVILLE, S.C.--(BUSINESS WIRE)-- World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its second quarter of fiscal 2026.
About this update from World Acceptance Corporation
[{"type":"text","content":" GREENVILLE, S.C.--(BUSINESS WIRE)--\nWorld Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its second quarter of fiscal 2026.\n\n\nSecond fiscal quarter highlights\n\n\nDuring its second fiscal quarter, World Acceptance Corporation (the \"Company\") grew outstanding loans by $51.2 million from June 30, 2025, compared to $21.1 million in the second quarter of the prior year, which resulted in 1.5% year over year growth in outstanding loans. This represents the first year over year growth since September 2022. While the Company experienced a net loss per diluted share of $0.38 for the quarter due to expenses related to the early redemption of bonds and the return to portfolio growth, we believe that these and other investments have positioned us well for improving results in fiscal 2027 and beyond.\n\n\nHighlights from the second quarter include:\n\n\n\nInterest, fee and insurance income increased by $4.6 million, or 3.6%, including a 136 basis point yield increase compared to the same quarter in the prior year;\n\n\n\nIncreased customer base by 6.2%;\n\n\n\nAmended our revolving credit facility to increase commitments, extend term and increase share repurchase capacity;\n\n\n\nRedeemed remaining outstanding bonds early, resulting in early redemption expenses of $3.7 million;\n\n\n\nEstablished a $175 million warehouse facility; and\n\n\n\nRepurchased $66.6 million shares, or 7.4% of the outstanding shares, during the quarter.\n\n\n\nPortfolio results\n\n\nGross loans outstanding were $1.32 billion as of September 30, 2025, a 1.5% increase from the $1.30 billion of gross loans outstanding as of September 30, 2024. This is a substantial improvement from the 4.0% year over year decrease as of March 31, 2025. During the most recent quarter, gross loans outstanding increased sequentially 4.0%, or $51.2 million, from $1.26 billion as of June 30, 2025, compared to an increase of 1.7%, or $21.1 million, in the comparable quarter of the prior year.\n\n\nDuring the most recent quarter, our new, former and current customer borrowing increased when comparing the same quarter of fiscal year 2025. Specifically, during the quarter, new, former and refinance customer loan volume increased 40.4%, 4.1% and 1.0%, respectively, compared to the same quarter of fiscal year 2025. Our customer base increased by 6.2% during th...