# Encore Capital Group

> Encore Capital Group is a publicly traded specialty finance company that buys defaulted consumer receivables and collects repayments through businesses including Midland Credit Management in the United States and Cabot Credit Management in Europe. Its economics depend on portfolio pricing, collection costs, consumer payment behavior and access to funding.

- **Founded:** 1999
- **Headquarters:** San Diego, United States
- **Products:** Midland Credit Management, Cabot Credit Management, Third-party debt servicing, Consumer Bill of Rights
- **Notable:** Midland’s operating history dates to 1953; the holding company was formed in 1999 and renamed Encore in 2002., Introduced a Consumer Bill of Rights in March 2011., Reported $2.59 billion in global collections and $256.8 million in net income in 2025.

## Products & services

- **Midland Credit Management** — U.S. portfolio purchasing and recovery business, with consumer account access, payment plans and account-resolution support. Operating roots date to 1953.
- **Cabot Credit Management** — European credit management group providing debt purchasing, recovery and servicing. Encore first invested in 2013 and obtained full ownership in 2018.
- **Third-party debt servicing** — Collection and related services for receivables owned by clients, generating servicing fees.
- **Consumer Bill of Rights** — Published commitments covering respectful treatment, hardship, information protection and collection conduct; a policy framework rather than a separately priced product.

## Achievements

- Midland’s operating history dates to 1953; the holding company was formed in 1999 and renamed Encore in 2002.
- Introduced a Consumer Bill of Rights in March 2011.
- Reported $2.59 billion in global collections and $256.8 million in net income in 2025.
- Q2 2026 global collections reached $736.9 million, up 13% year over year.

## Latest updates

- **2026-10** — Announced on October 6 that Q3 2026 results will be released November 4, 2026.
- **2026-08** — Q2 collections were $736.9 million; raised full-year 2026 collections guidance to $2.80-$2.85 billion and EPS guidance to $13-$14. These are forecasts.
- **2026-05** — Refinanced $1 billion of debt; management expects approximately $15 million in annual interest savings.
- **2026-02** — Reported full-year 2025 portfolio purchases of $1.408 billion, collections of $2.593 billion and revenue of $1.769 billion.

## Links

- Website: https://encorecapital.com
- LinkedIn: https://www.linkedin.com/company/encore-capital-group/
- Twitter/X: https://twitter.com/encore_capital
- Facebook: https://www.facebook.com/encorecapitalgroup

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Profile page: https://yespress.io/encore-capital-group
Published by YesPress — https://yespress.io
Last updated: 2026-10-22