OMF OneMain Holdings (OMF) Q2 FY26 earnings call
OneMain Holdings delivered a strong second quarter, marked by robust receivables growth and improving early-stage credit trends, reinforcing confidence in the business outlook. The company continues to drive growth through product innovation in personal loans and disciplined scaling of its Auto Finance and credit card segments. While net charge-offs increased year-over-year as expected, management anticipates significant improvement in the second half of the year, supported by proactive underwriting and strategic investments in technology and data.
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OMF operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Active accounts Credit card | <1.2MWe delivered strong results for the quarter, with receivables increasing 45% year-over-year to just under $1 billion, and customer accounts are up 40% year-over-year to nearly 1.2 million.Source: earnings call transcript | 1.3MCustomer accounts increased to 1.3 million, up 155,000 from last quarter and more than 400,000 from a year ago.Source: earnings call transcript | — |
| Originations | $3.1BFirst quarter originations of $3.1 billion increased 3% compared to the first quarter of last year, and we see opportunities to continue our growth across our products.Source: earnings call transcript | $4.3BSecond quarter originations of $4.3 billion increased 10% compared to the second quarter of last year.Source: earnings call transcript | +38.7% |
| Consumer loan yield | 22.5%Our first quarter consumer loan yield was 22.5%, up 13 basis points year-over-year.Source: earnings call transcript | 22.7%Our second quarter consumer loan yield was 22.7%, up 16 basis points from last quarter and 11 basis points year-on-year, even as our lower loss, lower-yield auto book continued to grow as a percentage of our consumer loan portfolio.Source: earnings call transcript | +0.2 pt |
| 30 to 89-day delinquency ratio Excluding Foursight | 2.62%30 to 89-day delinquency on March 31, excluding Foursight, was 2.62%, down 1 basis point compared to a year ago.Source: earnings call transcript | 2.82%30 to 89 delinquency on June 30, excluding Foresight, was 2.82%, down 7 basis points compared to a year ago, improving on the trend we saw last quarter.Source: earnings call transcript | +0.2 pt |
| Net charge-off ratio Consumer loan | 8%Consumer loan net charge-offs, which exclude credit cards were 8.0% of average net receivables in the first quarter, up 19 basis points from a year ago and in line with our expectations.Source: earnings call transcript | 7.8%C&I net charge-offs were 8.2% and consumer loan net charge-offs were 7.8%, both in line with our expectations, and we continue to have strong recoveries in the quarter.Source: earnings call transcript | -0.2 pt |
| Net charge-off ratio Credit card | 18%With that in mind, we are seeing improvement in our credit card net charge-offs, which declined 176 basis points year-over-year to 18% in the quarter.Source: earnings call transcript | 17.7%Credit card net charge-offs declined 186 basis points year-on-year to 17.7%.Source: earnings call transcript | -0.3 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.