OneMain revenue skyrockets 6% to $1.6 billion

• OneMain Holdings (NYSE:OMF) reported Q2 2026 revenue of $1.6 billion, up 6% year over year, while managed receivables reached $26.9 billion.
• Net income declined to $152 million, with diluted EPS falling to $1.32 from $1.40 a year earlier.
• OneMain declared a $1.05 quarterly dividend and continued share repurchases while consumer loan originations increased 10% to $4.3 billion.

OneMain Holdings (NYSE:OMF) reported second quarter 2026 revenue of $1.6 billion, up 6% year over year, while net income declined to $152 million.

The company’s managed receivables increased 7% to $26.9 billion, while consumer loan originations rose 10% to $4.3 billion compared with the prior-year quarter.

OneMain reported pretax income of $196 million, down from $214 million, while the provision for finance receivable losses increased to $610 million from $511 million and the consumer net charge-off ratio rose to 7.77%.

Following the announcement, OneMain Holdings' share price was unchanged at $48.50.

Operating expenses increased 6% to $439 million, while capital generation reached $229 million compared with $222 million a year earlier, and the company repurchased approximately 576,000 shares for $32 million.

Meanwhile, OneMain’s board declared a quarterly dividend of $1.05 per share payable on August 14, 2026, while the company ended the quarter with $567 million in cash and additional available funding capacity.