# Credit Services — company-by-company sector analysis > Credit Services: American Express Company owns the largest revenue base; Atlanticus Holdings Corporation has the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-07-28. Not investment advice. ## Bottom line Credit Services has underperformed S&P 500 by 4.5% over 52 weeks and 7.9% over 13 weeks. 11 of 27 covered companies beat the S&P 500 on Mansfield relative strength, while 10 of 27 beat the sector itself. American Express Company leads with income of $56,282 million, based on 20 of 28 comparable companies through Mar 2026. ### Is the Credit Services sector outperforming S&P 500? Credit Services has underperformed S&P 500 by 4.5% over 52 weeks and 7.9% over 13 weeks. 11 of 27 covered companies beat the S&P 500 on Mansfield relative strength, while 10 of 27 beat the sector itself. ### Which Credit Services company is largest by income? American Express Company leads with income of $56,282 million, based on 20 of 28 comparable companies through Mar 2026. ### Which Credit Services company is growing fastest? Atlanticus Holdings Corporation has the fastest current income growth at 68.7%, across 20 of 28 comparable companies. ### Which Credit Services company has the strongest 4-Factor Sector Score? Sezzle Inc. ranks first at 65.1/100 with 76% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### Which Credit Services company has the largest deposit base? Capital One Financial Corporation has the largest reported deposit base at $484,257 million. Bank borrowings are operating funding, not industrial leverage. ### Which Credit Services company has the lowest comparable P/BV-to-ROE? OppFi Inc. has the lowest comparable P/BV ÷ ROE at 0.14, among 25 of 28 companies that pass the metric’s comparability rules. ### How much history does this Credit Services comparison include? The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ## Sector relative strength Credit Services has underperformed S&P 500 by 4.5% over the last 52 weeks. Over 13 weeks the gap is a lead of 7.9%. 11 of 27 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Sezzle Inc. is the strongest against the sector itself at +58.5%. 13-week sector return versus NIFTY 500: 7.9% 52-week sector return versus NIFTY 500: -4.5% Stocks leading NIFTY: 11/27 Stocks leading sector: 10/27 Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change. Companies: 28 Combined market value: ₹17.5 L Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. Sezzle Inc. (SEZL): 65/100 — Favorable setup; evidence 76% - Growth & earnings 19.4/35 | Capital efficiency 19.6/25 | Valuation 6.1/20 | Relative strength 20.0/20 - Exact sum: 19.4 + 19.6 + 6.1 + 20 = 65.1 - Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. 2. Encore Capital Group, Inc. (ECPG): 61/100 — Thin evidence · provisional; evidence 53% - Growth & earnings 21.0/35 | Capital efficiency 13.3/25 | Valuation 13.4/20 | Relative strength 13.4/20 - Exact sum: 21 + 13.3 + 13.4 + 13.4 = 61.1 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 3. EZCORP, Inc. (EZPW): 60/100 — Mixed-positive evidence; evidence 76% - Growth & earnings 26.1/35 | Capital efficiency 13.2/25 | Valuation 8.6/20 | Relative strength 12.3/20 - Exact sum: 26.1 + 13.2 + 8.6 + 12.3 = 60.2 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 4. Enova International, Inc. (ENVA): 59/100 — Mixed-positive evidence; evidence 60% - Growth & earnings 18.7/35 | Capital efficiency 15.4/25 | Valuation 5.0/20 | Relative strength 19.5/20 - Exact sum: 18.7 + 15.4 + 5 + 19.5 = 58.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 5. Visa Inc. (V): 56/100 — Mixed-positive evidence; evidence 76% - Growth & earnings 20.9/35 | Capital efficiency 19.1/25 | Valuation 3.7/20 | Relative strength 12.7/20 - Exact sum: 20.9 + 19.1 + 3.7 + 12.7 = 56.4 - Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. 6. OppFi Inc. (OPFI): 56/100 — Mixed-positive evidence; evidence 70% - Growth & earnings 19.9/35 | Capital efficiency 17.9/25 | Valuation 13.4/20 | Relative strength 5.1/20 - Exact sum: 19.9 + 17.9 + 13.4 + 5.1 = 56.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 7. Atlanticus Holdings Corporation (ATLC): 56/100 — Mixed-positive evidence; evidence 70% - Growth & earnings 20.1/35 | Capital efficiency 10.7/25 | Valuation 8.6/20 | Relative strength 16.2/20 - Exact sum: 20.1 + 10.7 + 8.6 + 16.2 = 55.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 8. Mastercard Incorporated (MA): 55/100 — Mixed-positive evidence; evidence 76% - Growth & earnings 22.6/35 | Capital efficiency 20.4/25 | Valuation 3.2/20 | Relative strength 9.0/20 - Exact sum: 22.6 + 20.4 + 3.2 + 9 = 55.2 - Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. 9. Credit Acceptance Corporation (CACC): 55/100 — Mixed-positive evidence; evidence 62% - Growth & earnings 23.3/35 | Capital efficiency 13.1/25 | Valuation 6.3/20 | Relative strength 11.8/20 - Exact sum: 23.3 + 13.1 + 6.3 + 11.8 = 54.5 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 10. Federal Agricultural Mortgage Corporation (AGM): 54/100 — Mixed-positive evidence; evidence 62% - Growth & earnings 16.8/35 | Capital efficiency 11.5/25 | Valuation 8.6/20 | Relative strength 17.0/20 - Exact sum: 16.8 + 11.5 + 8.6 + 17 = 53.9 - Decision use: Price leads the evidence: RS versus the benchmark is 12.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 11. OneMain Holdings, Inc. (OMF): 46/100 — Mixed-negative evidence; evidence 76% - Growth & earnings 18.1/35 | Capital efficiency 10.9/25 | Valuation 8.6/20 | Relative strength 8.1/20 - Exact sum: 18.1 + 10.9 + 8.6 + 8.1 = 45.7 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 12. PayPal Holdings, Inc. (PYPL): 43/100 — Mixed-negative evidence; evidence 76% - Growth & earnings 13.2/35 | Capital efficiency 12.4/25 | Valuation 6.2/20 | Relative strength 10.9/20 - Exact sum: 13.2 + 12.4 + 6.2 + 10.9 = 42.7 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 13. Jefferson Capital, Inc. (JCAP): 42/100 — Mixed-negative evidence; evidence 70% - Growth & earnings 10.7/35 | Capital efficiency 16.8/25 | Valuation 8.4/20 | Relative strength 6.5/20 - Exact sum: 10.7 + 16.8 + 8.4 + 6.5 = 42.4 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 14. Affirm Holdings, Inc. (AFRM): 41/100 — Thin evidence · provisional; evidence 53% - Growth & earnings 20.5/35 | Capital efficiency 9.8/25 | Valuation 3.4/20 | Relative strength 7.2/20 - Exact sum: 20.5 + 9.8 + 3.4 + 7.2 = 40.9 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 15. Nelnet, Inc. (NNI): 41/100 — Mixed-negative evidence; evidence 62% - Growth & earnings 20.7/35 | Capital efficiency 9.9/25 | Valuation 5.6/20 | Relative strength 4.6/20 - Exact sum: 20.7 + 9.9 + 5.6 + 4.6 = 40.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 16. SoFi Technologies, Inc. (SOFI): 37/100 — Mixed-negative evidence; evidence 62% - Growth & earnings 21.6/35 | Capital efficiency 8.9/25 | Valuation 4.2/20 | Relative strength 2.0/20 - Exact sum: 21.6 + 8.9 + 4.2 + 2 = 36.7 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 17. Upstart Holdings, Inc. (UPST): 35/100 — Thin evidence · provisional; evidence 55% - Growth & earnings 19.0/35 | Capital efficiency 4.0/25 | Valuation 9.5/20 | Relative strength 2.0/20 - Exact sum: 19 + 4 + 9.5 + 2 = 34.5 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 18. American Express Company (AXP): 33/100 — Adverse evidence; evidence 76% - Growth & earnings 14.6/35 | Capital efficiency 10.2/25 | Valuation 4.6/20 | Relative strength 3.2/20 - Exact sum: 14.6 + 10.2 + 4.6 + 3.2 = 32.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 19. The Western Union Company (WU): 28/100 — Adverse evidence; evidence 70% - Growth & earnings 6.3/35 | Capital efficiency 12.1/25 | Valuation 5.6/20 | Relative strength 4.1/20 - Exact sum: 6.3 + 12.1 + 5.6 + 4.1 = 28.1 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 20. Bread Financial Holdings, Inc. (BFH): 52/100 — Thin evidence · provisional; evidence 46% - Growth & earnings 17.0/35 | Capital efficiency 11.2/25 | Valuation 7.9/20 | Relative strength 16.1/20 - Exact sum: 17 + 11.2 + 7.9 + 16.1 = 52.2 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 21. World Acceptance Corporation (WRLD): 49/100 — Thin evidence · provisional; evidence 46% - Growth & earnings 18.1/35 | Capital efficiency 9.4/25 | Valuation 4.6/20 | Relative strength 17.2/20 - Exact sum: 18.1 + 9.4 + 4.6 + 17.2 = 49.3 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 22. FirstCash Holdings, Inc. (FCFS): 44/100 — Thin evidence · provisional; evidence 46% - Growth & earnings 17.7/35 | Capital efficiency 11.8/25 | Valuation 4.3/20 | Relative strength 10.6/20 - Exact sum: 17.7 + 11.8 + 4.3 + 10.6 = 44.4 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 23. Klarna Group plc (KLAR): 44/100 — Thin evidence · provisional; evidence 35% - Growth & earnings 18.8/35 | Capital efficiency 5.1/25 | Valuation 9.8/20 | Relative strength 10.0/20 - Exact sum: 18.8 + 5.1 + 9.8 + 10 = 43.7 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 24. Capital One Financial Corporation (COF): 42/100 — Thin evidence · provisional; evidence 46% - Growth & earnings 18.9/35 | Capital efficiency 10.6/25 | Valuation 6.0/20 | Relative strength 6.4/20 - Exact sum: 18.9 + 10.6 + 6 + 6.4 = 41.9 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 25. Synchrony Financial (SYF): 41/100 — Thin evidence · provisional; evidence 46% - Growth & earnings 16.6/35 | Capital efficiency 12.2/25 | Valuation 8.2/20 | Relative strength 4.0/20 - Exact sum: 16.6 + 12.2 + 8.2 + 4 = 41 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 26. Ally Financial Inc. (ALLY): 40/100 — Thin evidence · provisional; evidence 46% - Growth & earnings 17.1/35 | Capital efficiency 10.6/25 | Valuation 7.0/20 | Relative strength 5.7/20 - Exact sum: 17.1 + 10.6 + 7 + 5.7 = 40.4 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 27. SLM Corporation (SLM): 38/100 — Thin evidence · provisional; evidence 46% - Growth & earnings 16.7/35 | Capital efficiency 10.0/25 | Valuation 5.0/20 | Relative strength 6.5/20 - Exact sum: 16.7 + 10 + 5 + 6.5 = 38.2 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 28. Lufax Holding Ltd (LU): 38/100 — Thin evidence · provisional; evidence 29% - Growth & earnings 15.4/35 | Capital efficiency 9.5/25 | Valuation 9.8/20 | Relative strength 3.0/20 - Exact sum: 15.4 + 9.5 + 9.8 + 3 = 37.7 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. ## Income Scale & Growth Durability What the numbers say: American Express Company is the scale leader at $56,282 million, 30.8% ahead of Visa Inc.. Atlanticus Holdings Corporation's growth is 68.7% from a $2,303 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: American Express Company is the scale benchmark; Atlanticus Holdings Corporation is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: American Express Company's growth falls below Atlanticus Holdings Corporation's for two consecutive comparable reports while operating margin also compresses. Evidence: American Express Company · $56,282 million | 30.8% versus #2 · Visa Inc. | 8/8 recent comparable periods | 20/28 companies · 515 observations Definition: For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year. ### Income — largest 1. American Express Company (AXP): ₹56.3K Cr 2. Visa Inc. (V): ₹43.0K Cr 3. Mastercard Incorporated (MA): ₹33.9K Cr 4. PayPal Holdings, Inc. (PYPL): ₹33.7K Cr 5. Lufax Holding Ltd (LU): ₹10.6K Cr — older report ### Income growth — fastest growers 1. Atlanticus Holdings Corporation (ATLC): 69% 2. Upstart Holdings, Inc. (UPST): 58% 3. Sezzle Inc. (SEZL): 47% 4. SoFi Technologies, Inc. (SOFI): 41% 5. Federal Agricultural Mortgage Corporation (AGM): 35% ### 20-quarter Income history - V: Sep 2021 ₹6.6K Cr | Dec 2021 ₹7.1K Cr | Mar 2022 ₹7.2K Cr | Jun 2022 ₹7.3K Cr | Sep 2022 ₹7.8K Cr | Dec 2022 ₹7.9K Cr | Mar 2023 ₹8.0K Cr | Jun 2023 ₹8.1K Cr | Sep 2023 ₹8.6K Cr | Dec 2023 ₹8.6K Cr | Mar 2024 ₹8.8K Cr | Jun 2024 ₹8.9K Cr | Sep 2024 ₹9.6K Cr | Dec 2024 ₹9.5K Cr | Mar 2025 ₹9.6K Cr | Jun 2025 ₹10.2K Cr | Sep 2025 ₹10.7K Cr | Dec 2025 ₹10.9K Cr | Mar 2026 ₹11.2K Cr | Jun 2026 — - MA: Sep 2021 ₹5.0K Cr | Dec 2021 ₹5.2K Cr | Mar 2022 ₹5.2K Cr | Jun 2022 ₹5.5K Cr | Sep 2022 ₹5.8K Cr | Dec 2022 ₹5.8K Cr | Mar 2023 ₹5.7K Cr | Jun 2023 ₹6.3K Cr | Sep 2023 ₹6.5K Cr | Dec 2023 ₹6.5K Cr | Mar 2024 ₹6.3K Cr | Jun 2024 ₹7.0K Cr | Sep 2024 ₹7.4K Cr | Dec 2024 ₹7.5K Cr | Mar 2025 ₹7.3K Cr | Jun 2025 ₹8.1K Cr | Sep 2025 ₹8.6K Cr | Dec 2025 ₹8.8K Cr | Mar 2026 ₹8.4K Cr | Jun 2026 — - AXP: Sep 2021 ₹8.9K Cr | Dec 2021 ₹10.0K Cr | Mar 2022 ₹9.5K Cr | Jun 2022 ₹11.0K Cr | Sep 2022 ₹11.0K Cr | Dec 2022 ₹11.4K Cr | Mar 2023 ₹11.3K Cr | Jun 2023 ₹11.9K Cr | Sep 2023 ₹11.9K Cr | Dec 2023 ₹12.2K Cr | Mar 2024 ₹12.0K Cr | Jun 2024 ₹12.6K Cr | Sep 2024 ₹12.6K Cr | Dec 2024 ₹13.1K Cr | Mar 2025 ₹12.8K Cr | Jun 2025 ₹13.7K Cr | Sep 2025 ₹13.9K Cr | Dec 2025 ₹14.5K Cr | Mar 2026 ₹14.2K Cr | Jun 2026 — - COF: Sep 2021 ₹8.2K Cr | Dec 2021 ₹7.7K Cr | Mar 2022 ₹7.5K Cr | Jun 2022 ₹7.1K Cr | Sep 2022 ₹7.1K Cr | Dec 2022 ₹6.6K Cr | Mar 2023 ₹6.1K Cr | Jun 2023 ₹6.5K Cr | Sep 2023 ₹7.1K Cr | Dec 2023 ₹6.6K Cr | Mar 2024 ₹6.7K Cr | Jun 2024 ₹5.6K Cr | Sep 2024 ₹7.5K Cr | Dec 2024 ₹7.5K Cr | Mar 2025 ₹7.6K Cr | Jun 2025 ₹1.1K Cr | Sep 2025 ₹12.6K Cr | Dec 2025 ₹11.4K Cr | Mar 2026 ₹11.2K Cr | Jun 2026 — - PYPL: Sep 2021 ₹6.2K Cr | Dec 2021 ₹6.9K Cr | Mar 2022 ₹6.5K Cr | Jun 2022 ₹6.8K Cr | Sep 2022 ₹6.8K Cr | Dec 2022 ₹7.4K Cr | Mar 2023 ₹7.0K Cr | Jun 2023 ₹7.3K Cr | Sep 2023 ₹7.4K Cr | Dec 2023 ₹8.0K Cr | Mar 2024 ₹7.7K Cr | Jun 2024 ₹7.9K Cr | Sep 2024 ₹7.8K Cr | Dec 2024 ₹8.4K Cr | Mar 2025 ₹7.8K Cr | Jun 2025 ₹8.3K Cr | Sep 2025 ₹8.4K Cr | Dec 2025 ₹8.7K Cr | Mar 2026 ₹8.4K Cr | Jun 2026 — - SYF: Sep 2021 ₹2.5K Cr | Dec 2021 ₹2.2K Cr | Mar 2022 ₹2.3K Cr | Jun 2022 ₹2.1K Cr | Sep 2022 ₹2.0K Cr | Dec 2022 ₹1.9K Cr | Mar 2023 ₹1.9K Cr | Jun 2023 ₹1.9K Cr | Sep 2023 ₹2.0K Cr | Dec 2023 ₹1.9K Cr | Mar 2024 ₹2.9K Cr | Jun 2024 ₹2.0K Cr | Sep 2024 ₹2.2K Cr | Dec 2024 ₹2.2K Cr | Mar 2025 ₹2.2K Cr | Jun 2025 ₹2.5K Cr | Sep 2025 ₹2.7K Cr | Dec 2025 ₹2.4K Cr | Mar 2026 ₹2.4K Cr | Jun 2026 — - AFRM: Sep 2021 ₹49 Cr | Dec 2021 ₹327 Cr | Mar 2022 ₹445 Cr | Jun 2022 ₹345 Cr | Sep 2022 ₹308 Cr | Dec 2022 ₹285 Cr | Mar 2023 ₹367 Cr | Jun 2023 ₹325 Cr | Sep 2023 ₹362 Cr | Dec 2023 ₹390 Cr | Mar 2024 ₹391 Cr | Jun 2024 ₹476 Cr | Sep 2024 ₹469 Cr | Dec 2024 ₹693 Cr | Mar 2025 ₹542 Cr | Jun 2025 ₹627 Cr | Sep 2025 ₹680 Cr | Dec 2025 ₹813 Cr | Mar 2026 ₹747 Cr | Jun 2026 — - SOFI: Sep 2021 ₹270 Cr | Dec 2021 ₹281 Cr | Mar 2022 ₹317 Cr | Jun 2022 ₹352 Cr | Sep 2022 ₹408 Cr | Dec 2022 ₹442 Cr | Mar 2023 ₹464 Cr | Jun 2023 ₹485 Cr | Sep 2023 ₹515 Cr | Dec 2023 ₹603 Cr | Mar 2024 ₹638 Cr | Jun 2024 ₹587 Cr | Sep 2024 ₹691 Cr | Dec 2024 ₹727 Cr | Mar 2025 ₹766 Cr | Jun 2025 ₹845 Cr | Sep 2025 ₹952 Cr | Dec 2025 ₹1.0K Cr | Mar 2026 ₹1.1K Cr | Jun 2026 — - ALLY: Sep 2021 ₹1.9K Cr | Dec 2021 ₹2.0K Cr | Mar 2022 ₹2.0K Cr | Jun 2022 ₹1.8K Cr | Sep 2022 ₹1.6K Cr | Dec 2022 ₹1.7K Cr | Mar 2023 ₹1.7K Cr | Jun 2023 ₹1.7K Cr | Sep 2023 ₹1.5K Cr | Dec 2023 ₹1.5K Cr | Mar 2024 ₹1.5K Cr | Jun 2024 ₹1.6K Cr | Sep 2024 ₹1.5K Cr | Dec 2024 ₹1.5K Cr | Mar 2025 ₹1.4K Cr | Jun 2025 ₹1.7K Cr | Sep 2025 ₹1.8K Cr | Dec 2025 ₹1.6K Cr | Mar 2026 ₹1.6K Cr | Jun 2026 — - FCFS: Sep 2021 ₹400 Cr | Dec 2021 ₹453 Cr | Mar 2022 ₹635 Cr | Jun 2022 ₹621 Cr | Sep 2022 ₹640 Cr | Dec 2022 ₹714 Cr | Mar 2023 ₹733 Cr | Jun 2023 ₹722 Cr | Sep 2023 ₹753 Cr | Dec 2023 ₹820 Cr | Mar 2024 ₹806 Cr | Jun 2024 ₹800 Cr | Sep 2024 ₹797 Cr | Dec 2024 ₹842 Cr | Mar 2025 ₹800 Cr | Jun 2025 ₹789 Cr | Sep 2025 ₹895 Cr | Dec 2025 ₹1.0K Cr | Mar 2026 ₹1.0K Cr | Jun 2026 — - OMF: Sep 2021 ₹1.3K Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹1.3K Cr | Jun 2022 ₹1.2K Cr | Sep 2022 ₹1.3K Cr | Dec 2022 ₹1.3K Cr | Mar 2023 ₹1.3K Cr | Jun 2023 ₹1.3K Cr | Sep 2023 ₹1.4K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹1.4K Cr | Jun 2024 ₹1.4K Cr | Sep 2024 ₹1.5K Cr | Dec 2024 ₹1.5K Cr | Mar 2025 ₹1.5K Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.6K Cr | Dec 2025 ₹1.6K Cr | Mar 2026 ₹1.6K Cr | Jun 2026 — - KLAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹1 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹1 Cr | Jun 2026 — - ENVA: Sep 2021 ₹320 Cr | Dec 2021 ₹364 Cr | Mar 2022 ₹386 Cr | Jun 2022 ₹408 Cr | Sep 2022 ₹456 Cr | Dec 2022 ₹486 Cr | Mar 2023 ₹483 Cr | Jun 2023 ₹499 Cr | Sep 2023 ₹551 Cr | Dec 2023 ₹584 Cr | Mar 2024 ₹610 Cr | Jun 2024 ₹628 Cr | Sep 2024 ₹690 Cr | Dec 2024 ₹730 Cr | Mar 2025 ₹746 Cr | Jun 2025 ₹764 Cr | Sep 2025 ₹803 Cr | Dec 2025 ₹839 Cr | Mar 2026 ₹875 Cr | Jun 2026 — - CACC: Sep 2021 ₹478 Cr | Dec 2021 ₹437 Cr | Mar 2022 ₹432 Cr | Jun 2022 ₹310 Cr | Sep 2022 ₹280 Cr | Dec 2022 ₹329 Cr | Mar 2023 ₹316 Cr | Jun 2023 ₹227 Cr | Sep 2023 ₹294 Cr | Dec 2023 ₹328 Cr | Mar 2024 ₹322 Cr | Jun 2024 ₹218 Cr | Sep 2024 ₹366 Cr | Dec 2024 ₹443 Cr | Mar 2025 ₹409 Cr | Jun 2025 ₹411 Cr | Sep 2025 ₹430 Cr | Dec 2025 ₹450 Cr | Mar 2026 ₹440 Cr | Jun 2026 — - SEZL: Sep 2021 ₹28 Cr | Dec 2021 ₹33 Cr | Mar 2022 ₹28 Cr | Jun 2022 ₹29 Cr | Sep 2022 ₹30 Cr | Dec 2022 ₹38 Cr | Mar 2023 ₹35 Cr | Jun 2023 ₹35 Cr | Sep 2023 ₹41 Cr | Dec 2023 ₹49 Cr | Mar 2024 ₹47 Cr | Jun 2024 ₹56 Cr | Sep 2024 ₹70 Cr | Dec 2024 ₹98 Cr | Mar 2025 ₹105 Cr | Jun 2025 ₹99 Cr | Sep 2025 ₹117 Cr | Dec 2025 ₹130 Cr | Mar 2026 ₹136 Cr | Jun 2026 — - NNI: Sep 2021 ₹281 Cr | Dec 2021 ₹400 Cr | Mar 2022 ₹482 Cr | Jun 2022 ₹336 Cr | Sep 2022 ₹386 Cr | Dec 2022 ₹318 Cr | Mar 2023 ₹297 Cr | Jun 2023 ₹286 Cr | Sep 2023 ₹316 Cr | Dec 2023 ₹240 Cr | Mar 2024 ₹374 Cr | Jun 2024 ₹329 Cr | Sep 2024 ₹320 Cr | Dec 2024 ₹378 Cr | Mar 2025 ₹383 Cr | Jun 2025 ₹523 Cr | Sep 2025 ₹431 Cr | Dec 2025 ₹352 Cr | Mar 2026 ₹366 Cr | Jun 2026 — - SLM: Sep 2021 ₹233 Cr | Dec 2021 ₹535 Cr | Mar 2022 ₹299 Cr | Jun 2022 ₹591 Cr | Sep 2022 ₹257 Cr | Dec 2022 ₹44 Cr | Mar 2023 ₹313 Cr | Jun 2023 ₹513 Cr | Sep 2023 ₹211 Cr | Dec 2023 ₹427 Cr | Mar 2024 ₹549 Cr | Jun 2024 ₹497 Cr | Sep 2024 ₹112 Cr | Dec 2024 ₹282 Cr | Mar 2025 ₹558 Cr | Jun 2025 ₹255 Cr | Sep 2025 ₹366 Cr | Dec 2025 ₹473 Cr | Mar 2026 ₹571 Cr | Jun 2026 — - BFH: Sep 2021 ₹690 Cr | Dec 2021 ₹492 Cr | Mar 2022 ₹728 Cr | Jun 2022 ₹489 Cr | Sep 2022 ₹675 Cr | Dec 2022 ₹341 Cr | Mar 2023 ₹1.2K Cr | Jun 2023 ₹616 Cr | Sep 2023 ₹727 Cr | Dec 2023 ₹534 Cr | Mar 2024 ₹670 Cr | Jun 2024 ₹649 Cr | Sep 2024 ₹614 Cr | Dec 2024 ₹508 Cr | Mar 2025 ₹674 Cr | Jun 2025 ₹655 Cr | Sep 2025 ₹672 Cr | Dec 2025 ₹602 Cr | Mar 2026 ₹715 Cr | Jun 2026 — - UPST: Sep 2021 ₹228 Cr | Dec 2021 ₹305 Cr | Mar 2022 ₹310 Cr | Jun 2022 ₹228 Cr | Sep 2022 ₹157 Cr | Dec 2022 ₹147 Cr | Mar 2023 ₹103 Cr | Jun 2023 ₹136 Cr | Sep 2023 ₹135 Cr | Dec 2023 ₹140 Cr | Mar 2024 ₹128 Cr | Jun 2024 ₹128 Cr | Sep 2024 ₹162 Cr | Dec 2024 ₹219 Cr | Mar 2025 ₹213 Cr | Jun 2025 ₹257 Cr | Sep 2025 ₹277 Cr | Dec 2025 ₹296 Cr | Mar 2026 ₹308 Cr | Jun 2026 — - WU: Sep 2021 ₹1.3K Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹1.2K Cr | Jun 2022 ₹1.1K Cr | Sep 2022 ₹1.1K Cr | Dec 2022 ₹1.1K Cr | Mar 2023 ₹1.0K Cr | Jun 2023 ₹1.2K Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.1K Cr | Mar 2024 ₹1.0K Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹1.0K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹984 Cr | Jun 2025 ₹1.0K Cr | Sep 2025 ₹1.0K Cr | Dec 2025 ₹1.0K Cr | Mar 2026 ₹983 Cr | Jun 2026 — - AGM: Sep 2021 ₹62 Cr | Dec 2021 ₹57 Cr | Mar 2022 ₹87 Cr | Jun 2022 ₹73 Cr | Sep 2022 ₹71 Cr | Dec 2022 ₹77 Cr | Mar 2023 ₹84 Cr | Jun 2023 ₹83 Cr | Sep 2023 ₹97 Cr | Dec 2023 ₹-141 Cr | Mar 2024 ₹95 Cr | Jun 2024 ₹84 Cr | Sep 2024 ₹87 Cr | Dec 2024 ₹-129 Cr | Mar 2025 ₹93 Cr | Jun 2025 ₹95 Cr | Sep 2025 ₹96 Cr | Dec 2025 ₹-114 Cr | Mar 2026 ₹105 Cr | Jun 2026 — - ECPG: Sep 2021 ₹413 Cr | Dec 2021 ₹357 Cr | Mar 2022 ₹500 Cr | Jun 2022 ₹357 Cr | Sep 2022 ₹308 Cr | Dec 2022 ₹234 Cr | Mar 2023 ₹313 Cr | Jun 2023 ₹323 Cr | Sep 2023 ₹310 Cr | Dec 2023 ₹277 Cr | Mar 2024 ₹328 Cr | Jun 2024 ₹355 Cr | Sep 2024 ₹367 Cr | Dec 2024 ₹266 Cr | Mar 2025 ₹393 Cr | Jun 2025 ₹442 Cr | Sep 2025 ₹460 Cr | Dec 2025 ₹474 Cr | Mar 2026 ₹475 Cr | Jun 2026 — - EZPW: Sep 2021 ₹192 Cr | Dec 2021 ₹221 Cr | Mar 2022 ₹216 Cr | Jun 2022 ₹216 Cr | Sep 2022 ₹233 Cr | Dec 2022 ₹264 Cr | Mar 2023 ₹258 Cr | Jun 2023 ₹256 Cr | Sep 2023 ₹270 Cr | Dec 2023 ₹300 Cr | Mar 2024 ₹286 Cr | Jun 2024 ₹281 Cr | Sep 2024 ₹295 Cr | Dec 2024 ₹320 Cr | Mar 2025 ₹306 Cr | Jun 2025 ₹311 Cr | Sep 2025 ₹337 Cr | Dec 2025 ₹382 Cr | Mar 2026 ₹447 Cr | Jun 2026 — - ATLC: Sep 2021 ₹204 Cr | Dec 2021 ₹217 Cr | Mar 2022 ₹230 Cr | Jun 2022 ₹270 Cr | Sep 2022 ₹278 Cr | Dec 2022 ₹269 Cr | Mar 2023 ₹261 Cr | Jun 2023 ₹291 Cr | Sep 2023 ₹295 Cr | Dec 2023 ₹309 Cr | Mar 2024 ₹291 Cr | Jun 2024 ₹316 Cr | Sep 2024 ₹351 Cr | Dec 2024 ₹353 Cr | Mar 2025 ₹345 Cr | Jun 2025 ₹394 Cr | Sep 2025 ₹495 Cr | Dec 2025 ₹734 Cr | Mar 2026 ₹680 Cr | Jun 2026 — - LU: Sep 2021 ₹14.3K Cr | Dec 2021 ₹13.3K Cr | Mar 2022 ₹14.5K Cr | Jun 2022 ₹11.8K Cr | Sep 2022 ₹9.7K Cr | Dec 2022 ₹6.1K Cr | Mar 2023 ₹6.9K Cr | Jun 2023 ₹6.3K Cr | Sep 2023 ₹5.0K Cr | Dec 2023 ₹3.3K Cr | Mar 2024 ₹4.1K Cr | Jun 2024 ₹3.4K Cr | Sep 2024 ₹2.3K Cr | Dec 2024 ₹2.1K Cr | Mar 2025 ₹3.1K Cr | Jun 2025 ₹3.1K Cr | Sep 2025 ₹2.2K Cr | Dec 2025 ₹2.2K Cr | Mar 2026 — | Jun 2026 — - JCAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹81 Cr | Jun 2023 ₹82 Cr | Sep 2023 ₹81 Cr | Dec 2023 ₹80 Cr | Mar 2024 ₹100 Cr | Jun 2024 ₹104 Cr | Sep 2024 ₹111 Cr | Dec 2024 ₹119 Cr | Mar 2025 ₹155 Cr | Jun 2025 ₹153 Cr | Sep 2025 ₹151 Cr | Dec 2025 ₹155 Cr | Mar 2026 ₹176 Cr | Jun 2026 — - WRLD: Sep 2021 ₹89 Cr | Dec 2021 ₹82 Cr | Mar 2022 ₹101 Cr | Jun 2022 ₹61 Cr | Sep 2022 ₹70 Cr | Dec 2022 ₹73 Cr | Mar 2023 ₹103 Cr | Jun 2023 ₹80 Cr | Sep 2023 ₹84 Cr | Dec 2023 ₹85 Cr | Mar 2024 ₹118 Cr | Jun 2024 ₹74 Cr | Sep 2024 ₹74 Cr | Dec 2024 ₹83 Cr | Mar 2025 ₹120 Cr | Jun 2025 ₹72 Cr | Sep 2025 ₹70 Cr | Dec 2025 ₹77 Cr | Mar 2026 ₹127 Cr | Jun 2026 — - OPFI: Sep 2021 ₹73 Cr | Dec 2021 ₹62 Cr | Mar 2022 ₹51 Cr | Jun 2022 ₹65 Cr | Sep 2022 ₹53 Cr | Dec 2022 ₹48 Cr | Mar 2023 ₹57 Cr | Jun 2023 ₹75 Cr | Sep 2023 ₹76 Cr | Dec 2023 ₹66 Cr | Mar 2024 ₹63 Cr | Jun 2024 ₹86 Cr | Sep 2024 ₹91 Cr | Dec 2024 ₹81 Cr | Mar 2025 ₹91 Cr | Jun 2025 ₹100 Cr | Sep 2025 ₹105 Cr | Dec 2025 ₹86 Cr | Mar 2026 ₹87 Cr | Jun 2026 — ### 20-quarter Income growth history - V: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 19% | Sep 2022 19% | Dec 2022 12% | Mar 2023 11% | Jun 2023 12% | Sep 2023 11% | Dec 2023 8.8% | Mar 2024 9.9% | Jun 2024 9.6% | Sep 2024 12% | Dec 2024 10% | Mar 2025 9.3% | Jun 2025 14% | Sep 2025 12% | Dec 2025 15% | Mar 2026 17% | Jun 2026 — - MA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 21% | Sep 2022 15% | Dec 2022 12% | Mar 2023 11% | Jun 2023 14% | Sep 2023 14% | Dec 2023 13% | Mar 2024 10% | Jun 2024 11% | Sep 2024 13% | Dec 2024 14% | Mar 2025 14% | Jun 2025 17% | Sep 2025 17% | Dec 2025 18% | Mar 2026 16% | Jun 2026 — - AXP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 31% | Sep 2022 23% | Dec 2022 14% | Mar 2023 18% | Jun 2023 8.3% | Sep 2023 8.8% | Dec 2023 6.8% | Mar 2024 6.5% | Jun 2024 5.5% | Sep 2024 5.8% | Dec 2024 7.8% | Mar 2025 6.4% | Jun 2025 8.5% | Sep 2025 10% | Dec 2025 10% | Mar 2026 11% | Jun 2026 — - COF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -16% | Sep 2022 -13% | Dec 2022 -14% | Mar 2023 -19% | Jun 2023 -8.7% | Sep 2023 -0.8% | Dec 2023 0.4% | Mar 2024 10% | Jun 2024 -14% | Sep 2024 6.4% | Dec 2024 14% | Mar 2025 14% | Jun 2025 -81% | Sep 2025 68% | Dec 2025 52% | Mar 2026 46% | Jun 2026 — - PYPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 9.1% | Sep 2022 11% | Dec 2022 6.7% | Mar 2023 8.6% | Jun 2023 7.1% | Sep 2023 8.4% | Dec 2023 8.7% | Mar 2024 9.4% | Jun 2024 8.2% | Sep 2024 5.8% | Dec 2024 4.2% | Mar 2025 1.2% | Jun 2025 5.1% | Sep 2025 7.3% | Dec 2025 3.7% | Mar 2026 7.2% | Jun 2026 — - SYF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -17% | Sep 2022 -19% | Dec 2022 -13% | Mar 2023 -16% | Jun 2023 -11% | Sep 2023 0.1% | Dec 2023 -2.0% | Mar 2024 53% | Jun 2024 5.7% | Sep 2024 12% | Dec 2024 21% | Mar 2025 -24% | Jun 2025 24% | Sep 2025 21% | Dec 2025 5.0% | Mar 2026 6.1% | Jun 2026 — - AFRM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 60% | Sep 2022 529% | Dec 2022 -13% | Mar 2023 -18% | Jun 2023 -5.8% | Sep 2023 18% | Dec 2023 37% | Mar 2024 6.5% | Jun 2024 46% | Sep 2024 30% | Dec 2024 78% | Mar 2025 39% | Jun 2025 32% | Sep 2025 45% | Dec 2025 17% | Mar 2026 38% | Jun 2026 — - SOFI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 52% | Sep 2022 51% | Dec 2022 57% | Mar 2023 46% | Jun 2023 38% | Sep 2023 26% | Dec 2023 36% | Mar 2024 38% | Jun 2024 21% | Sep 2024 34% | Dec 2024 21% | Mar 2025 20% | Jun 2025 44% | Sep 2025 38% | Dec 2025 40% | Mar 2026 42% | Jun 2026 — - ALLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -16% | Sep 2022 -17% | Dec 2022 -14% | Mar 2023 -16% | Jun 2023 -6.8% | Sep 2023 -7.5% | Dec 2023 -12% | Mar 2024 -9.9% | Jun 2024 -5.3% | Sep 2024 2.1% | Dec 2024 -2.1% | Mar 2025 -9.5% | Jun 2025 8.5% | Sep 2025 18% | Dec 2025 11% | Mar 2026 21% | Jun 2026 — - FCFS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 59% | Sep 2022 60% | Dec 2022 58% | Mar 2023 15% | Jun 2023 16% | Sep 2023 18% | Dec 2023 15% | Mar 2024 10.0% | Jun 2024 11% | Sep 2024 5.8% | Dec 2024 2.7% | Mar 2025 -0.7% | Jun 2025 -1.4% | Sep 2025 12% | Dec 2025 20% | Mar 2026 26% | Jun 2026 — - OMF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1.1% | Sep 2022 1.6% | Dec 2022 2.9% | Mar 2023 1.6% | Jun 2023 5.5% | Sep 2023 5.0% | Dec 2023 6.4% | Mar 2024 6.5% | Jun 2024 7.0% | Sep 2024 8.3% | Dec 2024 7.6% | Mar 2025 11% | Jun 2025 8.8% | Sep 2025 6.2% | Dec 2025 8.9% | Mar 2026 5.9% | Jun 2026 — - KLAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 0.0% | Jun 2025 0.0% | Sep 2025 0.0% | Dec 2025 0.0% | Mar 2026 0.0% | Jun 2026 — - ENVA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 54% | Sep 2022 43% | Dec 2022 34% | Mar 2023 25% | Jun 2023 22% | Sep 2023 21% | Dec 2023 20% | Mar 2024 26% | Jun 2024 26% | Sep 2024 25% | Dec 2024 25% | Mar 2025 22% | Jun 2025 22% | Sep 2025 16% | Dec 2025 15% | Mar 2026 17% | Jun 2026 — - CACC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -38% | Sep 2022 -41% | Dec 2022 -25% | Mar 2023 -27% | Jun 2023 -27% | Sep 2023 5.0% | Dec 2023 -0.3% | Mar 2024 1.9% | Jun 2024 -4.0% | Sep 2024 24% | Dec 2024 35% | Mar 2025 27% | Jun 2025 89% | Sep 2025 17% | Dec 2025 1.6% | Mar 2026 7.6% | Jun 2026 — - SEZL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.4% | Sep 2022 7.1% | Dec 2022 15% | Mar 2023 25% | Jun 2023 21% | Sep 2023 37% | Dec 2023 29% | Mar 2024 34% | Jun 2024 60% | Sep 2024 71% | Dec 2024 100% | Mar 2025 123% | Jun 2025 77% | Sep 2025 67% | Dec 2025 33% | Mar 2026 30% | Jun 2026 — - NNI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 11% | Sep 2022 37% | Dec 2022 -21% | Mar 2023 -38% | Jun 2023 -15% | Sep 2023 -18% | Dec 2023 -25% | Mar 2024 26% | Jun 2024 15% | Sep 2024 1.3% | Dec 2024 58% | Mar 2025 2.4% | Jun 2025 59% | Sep 2025 35% | Dec 2025 -6.9% | Mar 2026 -4.4% | Jun 2026 — - SLM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 84% | Sep 2022 10% | Dec 2022 -92% | Mar 2023 4.7% | Jun 2023 -13% | Sep 2023 -18% | Dec 2023 870% | Mar 2024 75% | Jun 2024 -3.1% | Sep 2024 -47% | Dec 2024 -34% | Mar 2025 1.6% | Jun 2025 -49% | Sep 2025 227% | Dec 2025 68% | Mar 2026 2.3% | Jun 2026 — - BFH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -37% | Sep 2022 -2.2% | Dec 2022 -31% | Mar 2023 62% | Jun 2023 26% | Sep 2023 7.7% | Dec 2023 57% | Mar 2024 -43% | Jun 2024 5.4% | Sep 2024 -16% | Dec 2024 -4.9% | Mar 2025 0.6% | Jun 2025 0.9% | Sep 2025 9.5% | Dec 2025 19% | Mar 2026 6.1% | Jun 2026 — - UPST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 18% | Sep 2022 -31% | Dec 2022 -52% | Mar 2023 -67% | Jun 2023 -40% | Sep 2023 -14% | Dec 2023 -4.8% | Mar 2024 24% | Jun 2024 -5.9% | Sep 2024 20% | Dec 2024 56% | Mar 2025 66% | Jun 2025 101% | Sep 2025 71% | Dec 2025 35% | Mar 2026 45% | Jun 2026 — - WU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -12% | Sep 2022 -15% | Dec 2022 -15% | Mar 2023 -10% | Jun 2023 2.8% | Sep 2023 0.7% | Dec 2023 -3.7% | Mar 2024 1.2% | Jun 2024 -8.9% | Sep 2024 -5.7% | Dec 2024 0.6% | Mar 2025 -6.2% | Jun 2025 -3.8% | Sep 2025 -0.3% | Dec 2025 -4.7% | Mar 2026 -0.1% | Jun 2026 — - AGM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 30% | Sep 2022 15% | Dec 2022 35% | Mar 2023 -3.5% | Jun 2023 14% | Sep 2023 37% | Dec 2023 -283% | Mar 2024 13% | Jun 2024 1.2% | Sep 2024 -10% | Dec 2024 — | Mar 2025 -2.1% | Jun 2025 13% | Sep 2025 10% | Dec 2025 — | Mar 2026 13% | Jun 2026 — - ECPG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -17% | Sep 2022 -25% | Dec 2022 -34% | Mar 2023 -37% | Jun 2023 -9.5% | Sep 2023 0.7% | Dec 2023 18% | Mar 2024 4.8% | Jun 2024 9.9% | Sep 2024 18% | Dec 2024 -4.0% | Mar 2025 20% | Jun 2025 25% | Sep 2025 25% | Dec 2025 78% | Mar 2026 21% | Jun 2026 — - EZPW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 24% | Sep 2022 21% | Dec 2022 19% | Mar 2023 19% | Jun 2023 19% | Sep 2023 16% | Dec 2023 14% | Mar 2024 11% | Jun 2024 9.8% | Sep 2024 9.3% | Dec 2024 6.7% | Mar 2025 7.0% | Jun 2025 11% | Sep 2025 14% | Dec 2025 19% | Mar 2026 46% | Jun 2026 — - ATLC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 48% | Sep 2022 36% | Dec 2022 24% | Mar 2023 13% | Jun 2023 7.8% | Sep 2023 6.1% | Dec 2023 15% | Mar 2024 11% | Jun 2024 8.6% | Sep 2024 19% | Dec 2024 14% | Mar 2025 19% | Jun 2025 25% | Sep 2025 41% | Dec 2025 108% | Mar 2026 97% | Jun 2026 — - LU: Sep 2021 — | Dec 2021 — | Mar 2022 -41% | Jun 2022 -12% | Sep 2022 -32% | Dec 2022 -54% | Mar 2023 -52% | Jun 2023 -47% | Sep 2023 -48% | Dec 2023 -46% | Mar 2024 -41% | Jun 2024 -46% | Sep 2024 -55% | Dec 2024 -36% | Mar 2025 -24% | Jun 2025 -8.9% | Sep 2025 -4.4% | Dec 2025 3.0% | Mar 2026 — | Jun 2026 — - JCAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 23% | Jun 2024 27% | Sep 2024 37% | Dec 2024 49% | Mar 2025 55% | Jun 2025 47% | Sep 2025 36% | Dec 2025 30% | Mar 2026 14% | Jun 2026 — - WRLD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -35% | Sep 2022 -21% | Dec 2022 -11% | Mar 2023 2.0% | Jun 2023 31% | Sep 2023 20% | Dec 2023 16% | Mar 2024 15% | Jun 2024 -7.5% | Sep 2024 -12% | Dec 2024 -2.4% | Mar 2025 1.7% | Jun 2025 -2.7% | Sep 2025 -5.4% | Dec 2025 -7.2% | Mar 2026 5.8% | Jun 2026 — - OPFI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -3.0% | Sep 2022 -27% | Dec 2022 -23% | Mar 2023 12% | Jun 2023 15% | Sep 2023 43% | Dec 2023 38% | Mar 2024 11% | Jun 2024 15% | Sep 2024 20% | Dec 2024 23% | Mar 2025 44% | Jun 2025 16% | Sep 2025 15% | Dec 2025 6.2% | Mar 2026 -4.4% | Jun 2026 — ## Profit Scale & Acceleration What the numbers say: Visa Inc. leads with $22,236 million of TTM profit, 42.8% above Mastercard Incorporated. OppFi Inc. shows 90.4% growth from a $179 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Visa Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: Visa Inc. · $22,236 million | 42.8% versus #2 · Mastercard Incorporated | 6/8 recent comparable periods | 20/28 companies · 515 observations Definition: Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table. ### Net profit — largest 1. Visa Inc. (V): ₹22.2K Cr 2. Mastercard Incorporated (MA): ₹15.6K Cr 3. American Express Company (AXP): ₹11.2K Cr 4. PayPal Holdings, Inc. (PYPL): ₹5.1K Cr 5. OneMain Holdings, Inc. (OMF): ₹796 Cr ### Profit growth — fastest growers 1. OppFi Inc. (OPFI): 90% 2. EZCORP, Inc. (EZPW): 66% 3. Credit Acceptance Corporation (CACC): 56% 4. Nelnet, Inc. (NNI): 53% 5. Sezzle Inc. (SEZL): 41% ### 20-quarter Net profit history - V: Sep 2021 ₹3.6K Cr | Dec 2021 ₹4.0K Cr | Mar 2022 ₹3.6K Cr | Jun 2022 ₹3.4K Cr | Sep 2022 ₹3.9K Cr | Dec 2022 ₹4.2K Cr | Mar 2023 ₹4.3K Cr | Jun 2023 ₹4.2K Cr | Sep 2023 ₹4.7K Cr | Dec 2023 ₹4.9K Cr | Mar 2024 ₹4.7K Cr | Jun 2024 ₹4.9K Cr | Sep 2024 ₹5.3K Cr | Dec 2024 ₹5.1K Cr | Mar 2025 ₹4.6K Cr | Jun 2025 ₹5.3K Cr | Sep 2025 ₹5.1K Cr | Dec 2025 ₹5.9K Cr | Mar 2026 ₹6.0K Cr | Jun 2026 — - MA: Sep 2021 ₹2.4K Cr | Dec 2021 ₹2.4K Cr | Mar 2022 ₹2.6K Cr | Jun 2022 ₹2.3K Cr | Sep 2022 ₹2.5K Cr | Dec 2022 ₹2.5K Cr | Mar 2023 ₹2.4K Cr | Jun 2023 ₹2.8K Cr | Sep 2023 ₹3.2K Cr | Dec 2023 ₹2.8K Cr | Mar 2024 ₹3.0K Cr | Jun 2024 ₹3.3K Cr | Sep 2024 ₹3.3K Cr | Dec 2024 ₹3.3K Cr | Mar 2025 ₹3.3K Cr | Jun 2025 ₹3.7K Cr | Sep 2025 ₹3.9K Cr | Dec 2025 ₹4.1K Cr | Mar 2026 ₹3.9K Cr | Jun 2026 — - AXP: Sep 2021 ₹1.8K Cr | Dec 2021 ₹1.7K Cr | Mar 2022 ₹2.1K Cr | Jun 2022 ₹2.0K Cr | Sep 2022 ₹1.9K Cr | Dec 2022 ₹1.6K Cr | Mar 2023 ₹1.8K Cr | Jun 2023 ₹2.2K Cr | Sep 2023 ₹2.5K Cr | Dec 2023 ₹1.9K Cr | Mar 2024 ₹2.4K Cr | Jun 2024 ₹3.0K Cr | Sep 2024 ₹2.5K Cr | Dec 2024 ₹2.2K Cr | Mar 2025 ₹2.6K Cr | Jun 2025 ₹2.9K Cr | Sep 2025 ₹2.9K Cr | Dec 2025 ₹2.5K Cr | Mar 2026 ₹3.0K Cr | Jun 2026 — - COF: Sep 2021 ₹3.1K Cr | Dec 2021 ₹2.4K Cr | Mar 2022 ₹2.4K Cr | Jun 2022 ₹2.0K Cr | Sep 2022 ₹1.7K Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹960 Cr | Jun 2023 ₹1.4K Cr | Sep 2023 ₹1.8K Cr | Dec 2023 ₹706 Cr | Mar 2024 ₹1.3K Cr | Jun 2024 ₹597 Cr | Sep 2024 ₹1.8K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹1.4K Cr | Jun 2025 ₹-4.3K Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹1.8K Cr | Mar 2026 ₹2.2K Cr | Jun 2026 — - PYPL: Sep 2021 ₹1.1K Cr | Dec 2021 ₹801 Cr | Mar 2022 ₹509 Cr | Jun 2022 ₹-341 Cr | Sep 2022 ₹1.3K Cr | Dec 2022 ₹921 Cr | Mar 2023 ₹795 Cr | Jun 2023 ₹1.0K Cr | Sep 2023 ₹1.0K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹888 Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹1.0K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹1.3K Cr | Jun 2025 ₹1.3K Cr | Sep 2025 ₹1.2K Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹1.1K Cr | Jun 2026 — - SYF: Sep 2021 ₹1.1K Cr | Dec 2021 ₹813 Cr | Mar 2022 ₹932 Cr | Jun 2022 ₹804 Cr | Sep 2022 ₹703 Cr | Dec 2022 ₹577 Cr | Mar 2023 ₹601 Cr | Jun 2023 ₹569 Cr | Sep 2023 ₹628 Cr | Dec 2023 ₹440 Cr | Mar 2024 ₹1.3K Cr | Jun 2024 ₹643 Cr | Sep 2024 ₹789 Cr | Dec 2024 ₹774 Cr | Mar 2025 ₹757 Cr | Jun 2025 ₹967 Cr | Sep 2025 ₹1.1K Cr | Dec 2025 ₹751 Cr | Mar 2026 ₹805 Cr | Jun 2026 — - AFRM: Sep 2021 ₹-307 Cr | Dec 2021 ₹-160 Cr | Mar 2022 ₹-55 Cr | Jun 2022 ₹-186 Cr | Sep 2022 ₹-251 Cr | Dec 2022 ₹-322 Cr | Mar 2023 ₹-206 Cr | Jun 2023 ₹-206 Cr | Sep 2023 ₹-172 Cr | Dec 2023 ₹-167 Cr | Mar 2024 ₹-134 Cr | Jun 2024 ₹-45 Cr | Sep 2024 ₹-100 Cr | Dec 2024 ₹80 Cr | Mar 2025 ₹3 Cr | Jun 2025 ₹69 Cr | Sep 2025 ₹81 Cr | Dec 2025 ₹130 Cr | Mar 2026 ₹103 Cr | Jun 2026 — - SOFI: Sep 2021 ₹-30 Cr | Dec 2021 ₹-111 Cr | Mar 2022 ₹-110 Cr | Jun 2022 ₹-96 Cr | Sep 2022 ₹-74 Cr | Dec 2022 ₹-40 Cr | Mar 2023 ₹-34 Cr | Jun 2023 ₹-48 Cr | Sep 2023 ₹-267 Cr | Dec 2023 ₹48 Cr | Mar 2024 ₹88 Cr | Jun 2024 ₹17 Cr | Sep 2024 ₹61 Cr | Dec 2024 ₹332 Cr | Mar 2025 ₹71 Cr | Jun 2025 ₹97 Cr | Sep 2025 ₹139 Cr | Dec 2025 ₹174 Cr | Mar 2026 ₹167 Cr | Jun 2026 — - ALLY: Sep 2021 ₹712 Cr | Dec 2021 ₹658 Cr | Mar 2022 ₹655 Cr | Jun 2022 ₹482 Cr | Sep 2022 ₹417 Cr | Dec 2022 ₹445 Cr | Mar 2023 ₹320 Cr | Jun 2023 ₹403 Cr | Sep 2023 ₹228 Cr | Dec 2023 ₹84 Cr | Mar 2024 ₹143 Cr | Jun 2024 ₹219 Cr | Sep 2024 ₹198 Cr | Dec 2024 ₹109 Cr | Mar 2025 ₹-225 Cr | Jun 2025 ₹352 Cr | Sep 2025 ₹398 Cr | Dec 2025 ₹327 Cr | Mar 2026 ₹319 Cr | Jun 2026 — - FCFS: Sep 2021 ₹33 Cr | Dec 2021 ₹29 Cr | Mar 2022 ₹28 Cr | Jun 2022 ₹86 Cr | Sep 2022 ₹59 Cr | Dec 2022 ₹80 Cr | Mar 2023 ₹47 Cr | Jun 2023 ₹45 Cr | Sep 2023 ₹57 Cr | Dec 2023 ₹70 Cr | Mar 2024 ₹61 Cr | Jun 2024 ₹49 Cr | Sep 2024 ₹65 Cr | Dec 2024 ₹84 Cr | Mar 2025 ₹84 Cr | Jun 2025 ₹60 Cr | Sep 2025 ₹83 Cr | Dec 2025 ₹104 Cr | Mar 2026 ₹108 Cr | Jun 2026 — - OMF: Sep 2021 ₹288 Cr | Dec 2021 ₹263 Cr | Mar 2022 ₹303 Cr | Jun 2022 ₹208 Cr | Sep 2022 ₹185 Cr | Dec 2022 ₹176 Cr | Mar 2023 ₹179 Cr | Jun 2023 ₹103 Cr | Sep 2023 ₹194 Cr | Dec 2023 ₹165 Cr | Mar 2024 ₹155 Cr | Jun 2024 ₹71 Cr | Sep 2024 ₹157 Cr | Dec 2024 ₹126 Cr | Mar 2025 ₹213 Cr | Jun 2025 ₹167 Cr | Sep 2025 ₹199 Cr | Dec 2025 ₹204 Cr | Mar 2026 ₹226 Cr | Jun 2026 — - KLAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 — - ENVA: Sep 2021 ₹52 Cr | Dec 2021 ₹49 Cr | Mar 2022 ₹52 Cr | Jun 2022 ₹52 Cr | Sep 2022 ₹52 Cr | Dec 2022 ₹51 Cr | Mar 2023 ₹51 Cr | Jun 2023 ₹48 Cr | Sep 2023 ₹41 Cr | Dec 2023 ₹35 Cr | Mar 2024 ₹48 Cr | Jun 2024 ₹54 Cr | Sep 2024 ₹43 Cr | Dec 2024 ₹64 Cr | Mar 2025 ₹73 Cr | Jun 2025 ₹76 Cr | Sep 2025 ₹80 Cr | Dec 2025 ₹79 Cr | Mar 2026 ₹91 Cr | Jun 2026 — - CACC: Sep 2021 ₹250 Cr | Dec 2021 ₹218 Cr | Mar 2022 ₹214 Cr | Jun 2022 ₹107 Cr | Sep 2022 ₹87 Cr | Dec 2022 ₹127 Cr | Mar 2023 ₹100 Cr | Jun 2023 ₹22 Cr | Sep 2023 ₹71 Cr | Dec 2023 ₹94 Cr | Mar 2024 ₹64 Cr | Jun 2024 ₹-47 Cr | Sep 2024 ₹79 Cr | Dec 2024 ₹152 Cr | Mar 2025 ₹106 Cr | Jun 2025 ₹87 Cr | Sep 2025 ₹108 Cr | Dec 2025 ₹122 Cr | Mar 2026 ₹136 Cr | Jun 2026 — - SEZL: Sep 2021 ₹-19 Cr | Dec 2021 ₹-22 Cr | Mar 2022 ₹-28 Cr | Jun 2022 ₹-15 Cr | Sep 2022 ₹4 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹3 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹30 Cr | Sep 2024 ₹15 Cr | Dec 2024 ₹25 Cr | Mar 2025 ₹36 Cr | Jun 2025 ₹28 Cr | Sep 2025 ₹27 Cr | Dec 2025 ₹43 Cr | Mar 2026 ₹51 Cr | Jun 2026 — - NNI: Sep 2021 ₹51 Cr | Dec 2021 ₹129 Cr | Mar 2022 ₹185 Cr | Jun 2022 ₹83 Cr | Sep 2022 ₹100 Cr | Dec 2022 ₹20 Cr | Mar 2023 ₹23 Cr | Jun 2023 ₹17 Cr | Sep 2023 ₹40 Cr | Dec 2023 ₹-30 Cr | Mar 2024 ₹71 Cr | Jun 2024 ₹44 Cr | Sep 2024 ₹-3 Cr | Dec 2024 ₹-12 Cr | Mar 2025 ₹131 Cr | Jun 2025 ₹178 Cr | Sep 2025 ₹172 Cr | Dec 2025 ₹-202 Cr | Mar 2026 ₹96 Cr | Jun 2026 — - SLM: Sep 2021 ₹73 Cr | Dec 2021 ₹306 Cr | Mar 2022 ₹129 Cr | Jun 2022 ₹342 Cr | Sep 2022 ₹75 Cr | Dec 2022 ₹-77 Cr | Mar 2023 ₹119 Cr | Jun 2023 ₹265 Cr | Sep 2023 ₹29 Cr | Dec 2023 ₹168 Cr | Mar 2024 ₹290 Cr | Jun 2024 ₹252 Cr | Sep 2024 ₹-45 Cr | Dec 2024 ₹112 Cr | Mar 2025 ₹305 Cr | Jun 2025 ₹71 Cr | Sep 2025 ₹136 Cr | Dec 2025 ₹233 Cr | Mar 2026 ₹308 Cr | Jun 2026 — - BFH: Sep 2021 ₹206 Cr | Dec 2021 ₹60 Cr | Mar 2022 ₹211 Cr | Jun 2022 ₹12 Cr | Sep 2022 ₹134 Cr | Dec 2022 ₹-134 Cr | Mar 2023 ₹455 Cr | Jun 2023 ₹64 Cr | Sep 2023 ₹173 Cr | Dec 2023 ₹44 Cr | Mar 2024 ₹135 Cr | Jun 2024 ₹133 Cr | Sep 2024 ₹3 Cr | Dec 2024 ₹7 Cr | Mar 2025 ₹142 Cr | Jun 2025 ₹139 Cr | Sep 2025 ₹188 Cr | Dec 2025 ₹53 Cr | Mar 2026 ₹181 Cr | Jun 2026 — - UPST: Sep 2021 ₹29 Cr | Dec 2021 ₹59 Cr | Mar 2022 ₹33 Cr | Jun 2022 ₹-30 Cr | Sep 2022 ₹-56 Cr | Dec 2022 ₹-55 Cr | Mar 2023 ₹-129 Cr | Jun 2023 ₹-28 Cr | Sep 2023 ₹-40 Cr | Dec 2023 ₹-42 Cr | Mar 2024 ₹-65 Cr | Jun 2024 ₹-54 Cr | Sep 2024 ₹-7 Cr | Dec 2024 ₹-3 Cr | Mar 2025 ₹-2 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹32 Cr | Dec 2025 ₹19 Cr | Mar 2026 ₹-7 Cr | Jun 2026 — - WU: Sep 2021 ₹233 Cr | Dec 2021 ₹169 Cr | Mar 2022 ₹293 Cr | Jun 2022 ₹194 Cr | Sep 2022 ₹174 Cr | Dec 2022 ₹249 Cr | Mar 2023 ₹152 Cr | Jun 2023 ₹176 Cr | Sep 2023 ₹171 Cr | Dec 2023 ₹127 Cr | Mar 2024 ₹143 Cr | Jun 2024 ₹141 Cr | Sep 2024 ₹265 Cr | Dec 2024 ₹386 Cr | Mar 2025 ₹124 Cr | Jun 2025 ₹122 Cr | Sep 2025 ₹140 Cr | Dec 2025 ₹114 Cr | Mar 2026 ₹65 Cr | Jun 2026 — - AGM: Sep 2021 ₹35 Cr | Dec 2021 ₹34 Cr | Mar 2022 ₹51 Cr | Jun 2022 ₹42 Cr | Sep 2022 ₹41 Cr | Dec 2022 ₹43 Cr | Mar 2023 ₹47 Cr | Jun 2023 ₹47 Cr | Sep 2023 ₹58 Cr | Dec 2023 ₹48 Cr | Mar 2024 ₹54 Cr | Jun 2024 ₹47 Cr | Sep 2024 ₹50 Cr | Dec 2024 ₹57 Cr | Mar 2025 ₹50 Cr | Jun 2025 ₹55 Cr | Sep 2025 ₹55 Cr | Dec 2025 ₹48 Cr | Mar 2026 ₹59 Cr | Jun 2026 — - ECPG: Sep 2021 ₹84 Cr | Dec 2021 ₹76 Cr | Mar 2022 ₹176 Cr | Jun 2022 ₹60 Cr | Sep 2022 ₹31 Cr | Dec 2022 ₹-73 Cr | Mar 2023 ₹19 Cr | Jun 2023 ₹26 Cr | Sep 2023 ₹19 Cr | Dec 2023 ₹-271 Cr | Mar 2024 ₹23 Cr | Jun 2024 ₹32 Cr | Sep 2024 ₹31 Cr | Dec 2024 ₹-225 Cr | Mar 2025 ₹47 Cr | Jun 2025 ₹59 Cr | Sep 2025 ₹75 Cr | Dec 2025 ₹77 Cr | Mar 2026 ₹86 Cr | Jun 2026 — - EZPW: Sep 2021 ₹2 Cr | Dec 2021 ₹16 Cr | Mar 2022 ₹15 Cr | Jun 2022 ₹12 Cr | Sep 2022 ₹7 Cr | Dec 2022 ₹17 Cr | Mar 2023 ₹-7 Cr | Jun 2023 ₹18 Cr | Sep 2023 ₹10 Cr | Dec 2023 ₹28 Cr | Mar 2024 ₹21 Cr | Jun 2024 ₹18 Cr | Sep 2024 ₹15 Cr | Dec 2024 ₹31 Cr | Mar 2025 ₹25 Cr | Jun 2025 ₹27 Cr | Sep 2025 ₹27 Cr | Dec 2025 ₹44 Cr | Mar 2026 ₹50 Cr | Jun 2026 — - ATLC: Sep 2021 ₹47 Cr | Dec 2021 ₹50 Cr | Mar 2022 ₹45 Cr | Jun 2022 ₹34 Cr | Sep 2022 ₹32 Cr | Dec 2022 ₹24 Cr | Mar 2023 ₹26 Cr | Jun 2023 ₹25 Cr | Sep 2023 ₹25 Cr | Dec 2023 ₹26 Cr | Mar 2024 ₹26 Cr | Jun 2024 ₹24 Cr | Sep 2024 ₹29 Cr | Dec 2024 ₹31 Cr | Mar 2025 ₹31 Cr | Jun 2025 ₹30 Cr | Sep 2025 ₹25 Cr | Dec 2025 ₹35 Cr | Mar 2026 ₹45 Cr | Jun 2026 — - LU: Sep 2021 ₹4.1K Cr | Dec 2021 ₹2.9K Cr | Mar 2022 ₹5.3K Cr | Jun 2022 ₹2.9K Cr | Sep 2022 ₹1.4K Cr | Dec 2022 ₹-806 Cr | Mar 2023 ₹732 Cr | Jun 2023 ₹1.0K Cr | Sep 2023 ₹131 Cr | Dec 2023 ₹-832 Cr | Mar 2024 ₹-830 Cr | Jun 2024 ₹-730 Cr | Sep 2024 ₹-725 Cr | Dec 2024 ₹-1.3K Cr | Mar 2025 ₹-259 Cr | Jun 2025 ₹-259 Cr | Sep 2025 ₹-596 Cr | Dec 2025 ₹-596 Cr | Mar 2026 — | Jun 2026 — - JCAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹29 Cr | Jun 2023 ₹30 Cr | Sep 2023 ₹26 Cr | Dec 2023 ₹26 Cr | Mar 2024 ₹33 Cr | Jun 2024 ₹32 Cr | Sep 2024 ₹37 Cr | Dec 2024 ₹27 Cr | Mar 2025 ₹64 Cr | Jun 2025 ₹48 Cr | Sep 2025 ₹38 Cr | Dec 2025 ₹38 Cr | Mar 2026 ₹38 Cr | Jun 2026 — - WRLD: Sep 2021 ₹12 Cr | Dec 2021 ₹7 Cr | Mar 2022 ₹18 Cr | Jun 2022 ₹-9 Cr | Sep 2022 ₹-1 Cr | Dec 2022 ₹6 Cr | Mar 2023 ₹25 Cr | Jun 2023 ₹10 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹17 Cr | Mar 2024 ₹35 Cr | Jun 2024 ₹10 Cr | Sep 2024 ₹22 Cr | Dec 2024 ₹13 Cr | Mar 2025 ₹44 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹-2 Cr | Dec 2025 ₹-1 Cr | Mar 2026 ₹36 Cr | Jun 2026 — - OPFI: Sep 2021 ₹30 Cr | Dec 2021 ₹17 Cr | Mar 2022 ₹-1 Cr | Jun 2022 ₹9 Cr | Sep 2022 ₹-1 Cr | Dec 2022 ₹-5 Cr | Mar 2023 ₹4 Cr | Jun 2023 ₹18 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹2 Cr | Mar 2024 ₹10 Cr | Jun 2024 ₹28 Cr | Sep 2024 ₹32 Cr | Dec 2024 ₹14 Cr | Mar 2025 ₹20 Cr | Jun 2025 ₹11 Cr | Sep 2025 ₹76 Cr | Dec 2025 ₹38 Cr | Mar 2026 ₹54 Cr | Jun 2026 — ### 20-quarter Profit growth history - V: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 32% | Sep 2022 9.9% | Dec 2022 5.6% | Mar 2023 17% | Jun 2023 22% | Sep 2023 19% | Dec 2023 17% | Mar 2024 9.5% | Jun 2024 17% | Sep 2024 14% | Dec 2024 4.7% | Mar 2025 -1.8% | Jun 2025 8.2% | Sep 2025 -4.3% | Dec 2025 14% | Mar 2026 32% | Jun 2026 — - MA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 10% | Sep 2022 3.5% | Dec 2022 6.1% | Mar 2023 -10% | Jun 2023 25% | Sep 2023 28% | Dec 2023 11% | Mar 2024 28% | Jun 2024 15% | Sep 2024 2.0% | Dec 2024 20% | Mar 2025 8.9% | Jun 2025 14% | Sep 2025 20% | Dec 2025 21% | Mar 2026 18% | Jun 2026 — - AXP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -14% | Sep 2022 2.9% | Dec 2022 -8.6% | Mar 2023 -13% | Jun 2023 11% | Sep 2023 30% | Dec 2023 23% | Mar 2024 34% | Jun 2024 39% | Sep 2024 2.3% | Dec 2024 12% | Mar 2025 6.0% | Jun 2025 -4.3% | Sep 2025 16% | Dec 2025 13% | Mar 2026 15% | Jun 2026 — - COF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -43% | Sep 2022 -45% | Dec 2022 -49% | Mar 2023 -60% | Jun 2023 -30% | Sep 2023 5.7% | Dec 2023 -43% | Mar 2024 33% | Jun 2024 -58% | Sep 2024 -0.7% | Dec 2024 55% | Mar 2025 9.7% | Jun 2025 -814% | Sep 2025 -100% | Dec 2025 60% | Mar 2026 55% | Jun 2026 — - PYPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -129% | Sep 2022 22% | Dec 2022 15% | Mar 2023 56% | Jun 2023 — | Sep 2023 -23% | Dec 2023 52% | Mar 2024 12% | Jun 2024 9.6% | Sep 2024 -1.0% | Dec 2024 -20% | Mar 2025 45% | Jun 2025 12% | Sep 2025 24% | Dec 2025 28% | Mar 2026 -14% | Jun 2026 — - SYF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -35% | Sep 2022 -38% | Dec 2022 -29% | Mar 2023 -36% | Jun 2023 -29% | Sep 2023 -11% | Dec 2023 -24% | Mar 2024 115% | Jun 2024 13% | Sep 2024 26% | Dec 2024 76% | Mar 2025 -41% | Jun 2025 50% | Sep 2025 37% | Dec 2025 -3.0% | Mar 2026 6.3% | Jun 2026 — - AFRM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 63% | Mar 2026 3,333% | Jun 2026 — - SOFI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 592% | Mar 2025 -19% | Jun 2025 471% | Sep 2025 128% | Dec 2025 -48% | Mar 2026 135% | Jun 2026 — - ALLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -46% | Sep 2022 -41% | Dec 2022 -32% | Mar 2023 -51% | Jun 2023 -16% | Sep 2023 -45% | Dec 2023 -81% | Mar 2024 -55% | Jun 2024 -46% | Sep 2024 -13% | Dec 2024 30% | Mar 2025 -257% | Jun 2025 61% | Sep 2025 101% | Dec 2025 200% | Mar 2026 — | Jun 2026 — - FCFS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 207% | Sep 2022 79% | Dec 2022 176% | Mar 2023 68% | Jun 2023 -48% | Sep 2023 -3.4% | Dec 2023 -13% | Mar 2024 30% | Jun 2024 8.9% | Sep 2024 14% | Dec 2024 20% | Mar 2025 38% | Jun 2025 22% | Sep 2025 28% | Dec 2025 24% | Mar 2026 29% | Jun 2026 — - OMF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -41% | Sep 2022 -36% | Dec 2022 -33% | Mar 2023 -41% | Jun 2023 -50% | Sep 2023 4.9% | Dec 2023 -6.3% | Mar 2024 -13% | Jun 2024 -31% | Sep 2024 -19% | Dec 2024 -24% | Mar 2025 37% | Jun 2025 135% | Sep 2025 27% | Dec 2025 62% | Mar 2026 6.1% | Jun 2026 — - ENVA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -36% | Sep 2022 0.0% | Dec 2022 4.1% | Mar 2023 -1.9% | Jun 2023 -7.7% | Sep 2023 -21% | Dec 2023 -31% | Mar 2024 -5.9% | Jun 2024 13% | Sep 2024 4.9% | Dec 2024 83% | Mar 2025 52% | Jun 2025 41% | Sep 2025 86% | Dec 2025 23% | Mar 2026 25% | Jun 2026 — - CACC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -63% | Sep 2022 -65% | Dec 2022 -42% | Mar 2023 -53% | Jun 2023 -79% | Sep 2023 -18% | Dec 2023 -26% | Mar 2024 -36% | Jun 2024 -314% | Sep 2024 11% | Dec 2024 62% | Mar 2025 66% | Jun 2025 — | Sep 2025 37% | Dec 2025 -20% | Mar 2026 28% | Jun 2026 — - SEZL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -75% | Dec 2023 200% | Mar 2024 300% | Jun 2024 2,900% | Sep 2024 1,400% | Dec 2024 733% | Mar 2025 350% | Jun 2025 -6.7% | Sep 2025 80% | Dec 2025 72% | Mar 2026 42% | Jun 2026 — - NNI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.0% | Sep 2022 96% | Dec 2022 -85% | Mar 2023 -88% | Jun 2023 -80% | Sep 2023 -60% | Dec 2023 -250% | Mar 2024 209% | Jun 2024 159% | Sep 2024 -108% | Dec 2024 — | Mar 2025 85% | Jun 2025 305% | Sep 2025 — | Dec 2025 — | Mar 2026 -27% | Jun 2026 — - SLM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 144% | Sep 2022 2.7% | Dec 2022 -125% | Mar 2023 -7.8% | Jun 2023 -23% | Sep 2023 -61% | Dec 2023 — | Mar 2024 144% | Jun 2024 -4.9% | Sep 2024 -255% | Dec 2024 -33% | Mar 2025 5.2% | Jun 2025 -72% | Sep 2025 — | Dec 2025 108% | Mar 2026 1.0% | Jun 2026 — - BFH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -95% | Sep 2022 -35% | Dec 2022 -323% | Mar 2023 116% | Jun 2023 433% | Sep 2023 29% | Dec 2023 — | Mar 2024 -70% | Jun 2024 108% | Sep 2024 -98% | Dec 2024 -84% | Mar 2025 5.2% | Jun 2025 4.5% | Sep 2025 6,167% | Dec 2025 657% | Mar 2026 27% | Jun 2026 — - UPST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -181% | Sep 2022 -293% | Dec 2022 -193% | Mar 2023 -491% | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - WU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -13% | Sep 2022 -25% | Dec 2022 47% | Mar 2023 -48% | Jun 2023 -9.3% | Sep 2023 -1.7% | Dec 2023 -49% | Mar 2024 -5.9% | Jun 2024 -20% | Sep 2024 55% | Dec 2024 204% | Mar 2025 -13% | Jun 2025 -13% | Sep 2025 -47% | Dec 2025 -70% | Mar 2026 -48% | Jun 2026 — - AGM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 35% | Sep 2022 17% | Dec 2022 26% | Mar 2023 -7.8% | Jun 2023 12% | Sep 2023 41% | Dec 2023 12% | Mar 2024 15% | Jun 2024 0.0% | Sep 2024 -14% | Dec 2024 19% | Mar 2025 -7.4% | Jun 2025 17% | Sep 2025 10% | Dec 2025 -16% | Mar 2026 18% | Jun 2026 — - ECPG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -38% | Sep 2022 -63% | Dec 2022 -196% | Mar 2023 -89% | Jun 2023 -57% | Sep 2023 -39% | Dec 2023 — | Mar 2024 21% | Jun 2024 23% | Sep 2024 63% | Dec 2024 — | Mar 2025 104% | Jun 2025 84% | Sep 2025 142% | Dec 2025 — | Mar 2026 83% | Jun 2026 — - EZPW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 250% | Dec 2022 6.3% | Mar 2023 -147% | Jun 2023 50% | Sep 2023 43% | Dec 2023 65% | Mar 2024 — | Jun 2024 0.0% | Sep 2024 50% | Dec 2024 11% | Mar 2025 19% | Jun 2025 50% | Sep 2025 80% | Dec 2025 42% | Mar 2026 100% | Jun 2026 — - ATLC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -8.1% | Sep 2022 -32% | Dec 2022 -52% | Mar 2023 -42% | Jun 2023 -26% | Sep 2023 -22% | Dec 2023 8.3% | Mar 2024 0.0% | Jun 2024 -4.0% | Sep 2024 16% | Dec 2024 19% | Mar 2025 19% | Jun 2025 25% | Sep 2025 -14% | Dec 2025 13% | Mar 2026 45% | Jun 2026 — - LU: Sep 2021 — | Dec 2021 — | Mar 2022 6.5% | Jun 2022 -38% | Sep 2022 -67% | Dec 2022 -128% | Mar 2023 -86% | Jun 2023 -66% | Sep 2023 -90% | Dec 2023 — | Mar 2024 -213% | Jun 2024 -173% | Sep 2024 -653% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - JCAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 14% | Jun 2024 6.7% | Sep 2024 42% | Dec 2024 3.9% | Mar 2025 94% | Jun 2025 50% | Sep 2025 2.7% | Dec 2025 41% | Mar 2026 -41% | Jun 2026 — - WRLD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -156% | Sep 2022 -108% | Dec 2022 -14% | Mar 2023 39% | Jun 2023 — | Sep 2023 — | Dec 2023 183% | Mar 2024 40% | Jun 2024 0.0% | Sep 2024 38% | Dec 2024 -24% | Mar 2025 26% | Jun 2025 -90% | Sep 2025 -109% | Dec 2025 -108% | Mar 2026 -18% | Jun 2026 — - OPFI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -50% | Sep 2022 -103% | Dec 2022 -129% | Mar 2023 — | Jun 2023 100% | Sep 2023 — | Dec 2023 — | Mar 2024 150% | Jun 2024 56% | Sep 2024 100% | Dec 2024 600% | Mar 2025 100% | Jun 2025 -61% | Sep 2025 138% | Dec 2025 171% | Mar 2026 170% | Jun 2026 — ## Funding Base & Its Composition What the numbers say: Capital One Financial Corporation leads deposits at $484,257 million; Lufax Holding Ltd leads borrowings at $98,961 million. Investor read: Capital One Financial Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current borrowings signal. Evidence: Capital One Financial Corporation · $484,257 million | 214.4% versus #2 · Ally Financial Inc. | 8/8 recent comparable periods | 7/28 companies · 123 observations Definition: For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive. ### Deposits — largest deposit bases 1. Capital One Financial Corporation (COF): ₹4.8 L Cr 2. Ally Financial Inc. (ALLY): ₹1.5 L Cr 3. Synchrony Financial (SYF): ₹82.8K Cr 4. SoFi Technologies, Inc. (SOFI): ₹40.2K Cr 5. SLM Corporation (SLM): ₹19.9K Cr ### Borrowings — largest borrowings 1. Lufax Holding Ltd (LU): ₹99.0K Cr — older report 2. American Express Company (AXP): ₹60.4K Cr 3. Capital One Financial Corporation (COF): ₹45.4K Cr 4. Visa Inc. (V): ₹24.0K Cr 5. OneMain Holdings, Inc. (OMF): ₹22.4K Cr ### 20-quarter Deposits history - COF: Sep 2021 ₹3.1 L Cr | Dec 2021 ₹3.1 L Cr | Mar 2022 ₹3.1 L Cr | Jun 2022 ₹3.1 L Cr | Sep 2022 ₹3.2 L Cr | Dec 2022 ₹3.3 L Cr | Mar 2023 ₹3.5 L Cr | Jun 2023 ₹3.4 L Cr | Sep 2023 ₹3.5 L Cr | Dec 2023 ₹3.5 L Cr | Mar 2024 ₹3.5 L Cr | Jun 2024 ₹3.5 L Cr | Sep 2024 ₹3.5 L Cr | Dec 2024 ₹3.6 L Cr | Mar 2025 ₹3.7 L Cr | Jun 2025 ₹4.7 L Cr | Sep 2025 ₹4.7 L Cr | Dec 2025 ₹4.8 L Cr | Mar 2026 ₹4.9 L Cr | Jun 2026 ₹4.8 L Cr - SYF: Sep 2021 ₹60.4K Cr | Dec 2021 ₹62.3K Cr | Mar 2022 ₹63.6K Cr | Jun 2022 ₹64.7K Cr | Sep 2022 ₹68.4K Cr | Dec 2022 ₹71.7K Cr | Mar 2023 ₹74.4K Cr | Jun 2023 ₹75.8K Cr | Sep 2023 ₹78.1K Cr | Dec 2023 ₹81.2K Cr | Mar 2024 ₹83.6K Cr | Jun 2024 ₹83.1K Cr | Sep 2024 ₹82.3K Cr | Dec 2024 ₹82.1K Cr | Mar 2025 ₹83.4K Cr | Jun 2025 ₹82.3K Cr | Sep 2025 ₹79.9K Cr | Dec 2025 ₹81.1K Cr | Mar 2026 ₹82.9K Cr | Jun 2026 ₹82.8K Cr - SOFI: Sep 2021 — | Dec 2021 — | Mar 2022 ₹1.2K Cr | Jun 2022 ₹2.7K Cr | Sep 2022 ₹5.0K Cr | Dec 2022 ₹7.3K Cr | Mar 2023 ₹10.1K Cr | Jun 2023 ₹12.7K Cr | Sep 2023 ₹15.7K Cr | Dec 2023 ₹18.6K Cr | Mar 2024 ₹21.6K Cr | Jun 2024 ₹23.0K Cr | Sep 2024 ₹24.4K Cr | Dec 2024 ₹26.0K Cr | Mar 2025 ₹27.3K Cr | Jun 2025 ₹29.5K Cr | Sep 2025 ₹32.9K Cr | Dec 2025 ₹37.5K Cr | Mar 2026 ₹40.2K Cr | Jun 2026 — - ALLY: Sep 2021 ₹1.4 L Cr | Dec 2021 ₹1.4 L Cr | Mar 2022 ₹1.4 L Cr | Jun 2022 ₹1.4 L Cr | Sep 2022 ₹1.5 L Cr | Dec 2022 ₹1.5 L Cr | Mar 2023 ₹1.5 L Cr | Jun 2023 ₹1.5 L Cr | Sep 2023 ₹1.5 L Cr | Dec 2023 ₹1.5 L Cr | Mar 2024 ₹1.6 L Cr | Jun 2024 ₹1.5 L Cr | Sep 2024 ₹1.5 L Cr | Dec 2024 ₹1.5 L Cr | Mar 2025 ₹1.5 L Cr | Jun 2025 ₹1.5 L Cr | Sep 2025 ₹1.5 L Cr | Dec 2025 ₹1.5 L Cr | Mar 2026 ₹1.5 L Cr | Jun 2026 ₹1.5 L Cr - SLM: Sep 2021 ₹20.9K Cr | Dec 2021 ₹20.8K Cr | Mar 2022 ₹21.2K Cr | Jun 2022 ₹20.0K Cr | Sep 2022 ₹21.3K Cr | Dec 2022 ₹21.4K Cr | Mar 2023 ₹21.8K Cr | Jun 2023 ₹20.4K Cr | Sep 2023 ₹21.6K Cr | Dec 2023 ₹21.7K Cr | Mar 2024 ₹20.9K Cr | Jun 2024 ₹20.7K Cr | Sep 2024 ₹21.4K Cr | Dec 2024 ₹21.1K Cr | Mar 2025 ₹20.5K Cr | Jun 2025 ₹20.5K Cr | Sep 2025 ₹20.0K Cr | Dec 2025 ₹21.1K Cr | Mar 2026 ₹20.5K Cr | Jun 2026 ₹19.9K Cr - BFH: Sep 2021 ₹2.1K Cr | Dec 2021 ₹11.0K Cr | Mar 2022 ₹10.6K Cr | Jun 2022 ₹11.0K Cr | Sep 2022 ₹12.4K Cr | Dec 2022 ₹13.8K Cr | Mar 2023 ₹13.1K Cr | Jun 2023 ₹13.0K Cr | Sep 2023 ₹13.3K Cr | Dec 2023 ₹13.6K Cr | Mar 2024 ₹13.3K Cr | Jun 2024 ₹13.0K Cr | Sep 2024 ₹12.8K Cr | Dec 2024 ₹13.1K Cr | Mar 2025 ₹13.1K Cr | Jun 2025 ₹13.3K Cr | Sep 2025 ₹13.5K Cr | Dec 2025 ₹13.9K Cr | Mar 2026 — | Jun 2026 ₹14.7K Cr - LU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹3.1K Cr | Sep 2024 ₹3.4K Cr | Dec 2024 ₹3.9K Cr | Mar 2025 ₹5.4K Cr | Jun 2025 ₹5.4K Cr | Sep 2025 ₹9.5K Cr | Dec 2025 ₹9.5K Cr | Mar 2026 — | Jun 2026 — ### 20-quarter Borrowings history - V: Sep 2021 ₹21.0K Cr | Dec 2021 ₹20.9K Cr | Mar 2022 ₹21.0K Cr | Jun 2022 ₹23.8K Cr | Sep 2022 ₹22.5K Cr | Dec 2022 ₹20.5K Cr | Mar 2023 ₹20.6K Cr | Jun 2023 ₹20.6K Cr | Sep 2023 ₹20.5K Cr | Dec 2023 ₹20.7K Cr | Mar 2024 ₹20.6K Cr | Jun 2024 ₹20.6K Cr | Sep 2024 ₹20.8K Cr | Dec 2024 ₹20.6K Cr | Mar 2025 ₹20.8K Cr | Jun 2025 ₹25.1K Cr | Sep 2025 ₹25.2K Cr | Dec 2025 ₹21.2K Cr | Mar 2026 ₹24.0K Cr | Jun 2026 — - MA: Sep 2021 ₹13.9K Cr | Dec 2021 ₹13.9K Cr | Mar 2022 ₹14.6K Cr | Jun 2022 ₹14.5K Cr | Sep 2022 ₹14.5K Cr | Dec 2022 ₹14.0K Cr | Mar 2023 ₹15.6K Cr | Jun 2023 ₹15.6K Cr | Sep 2023 ₹15.6K Cr | Dec 2023 ₹15.7K Cr | Mar 2024 ₹15.6K Cr | Jun 2024 ₹15.6K Cr | Sep 2024 ₹18.4K Cr | Dec 2024 ₹18.2K Cr | Mar 2025 ₹18.8K Cr | Jun 2025 ₹19.0K Cr | Sep 2025 ₹19.0K Cr | Dec 2025 ₹19.0K Cr | Mar 2026 ₹19.0K Cr | Jun 2026 — - AXP: Sep 2021 ₹36.7K Cr | Dec 2021 ₹40.9K Cr | Mar 2022 ₹40.5K Cr | Jun 2022 ₹42.5K Cr | Sep 2022 ₹43.9K Cr | Dec 2022 ₹43.9K Cr | Mar 2023 ₹42.9K Cr | Jun 2023 ₹48.3K Cr | Sep 2023 ₹48.1K Cr | Dec 2023 ₹49.2K Cr | Mar 2024 ₹50.6K Cr | Jun 2024 ₹53.2K Cr | Sep 2024 ₹55.0K Cr | Dec 2024 ₹51.1K Cr | Mar 2025 ₹52.8K Cr | Jun 2025 ₹59.7K Cr | Sep 2025 ₹59.2K Cr | Dec 2025 ₹57.8K Cr | Mar 2026 ₹60.4K Cr | Jun 2026 — - COF: Sep 2021 ₹37.5K Cr | Dec 2021 ₹43.1K Cr | Mar 2022 ₹45.4K Cr | Jun 2022 ₹58.9K Cr | Sep 2022 ₹54.6K Cr | Dec 2022 ₹48.7K Cr | Mar 2023 ₹48.8K Cr | Jun 2023 ₹50.3K Cr | Sep 2023 ₹49.2K Cr | Dec 2023 ₹49.9K Cr | Mar 2024 ₹50.4K Cr | Jun 2024 ₹48.0K Cr | Sep 2024 ₹49.3K Cr | Dec 2024 ₹45.6K Cr | Mar 2025 ₹41.8K Cr | Jun 2025 ₹52.7K Cr | Sep 2025 ₹51.5K Cr | Dec 2025 ₹51.0K Cr | Mar 2026 ₹51.9K Cr | Jun 2026 ₹45.4K Cr - PYPL: Sep 2021 ₹7.9K Cr | Dec 2021 ₹8.0K Cr | Mar 2022 ₹8.2K Cr | Jun 2022 ₹10.2K Cr | Sep 2022 ₹10.2K Cr | Dec 2022 ₹10.4K Cr | Mar 2023 ₹10.5K Cr | Jun 2023 ₹10.5K Cr | Sep 2023 ₹10.6K Cr | Dec 2023 ₹9.7K Cr | Mar 2024 ₹9.7K Cr | Jun 2024 ₹9.7K Cr | Sep 2024 ₹10.0K Cr | Dec 2024 ₹9.9K Cr | Mar 2025 ₹11.4K Cr | Jun 2025 ₹11.3K Cr | Sep 2025 ₹11.3K Cr | Dec 2025 ₹10.0K Cr | Mar 2026 ₹9.4K Cr | Jun 2026 — - SYF: Sep 2021 ₹12.8K Cr | Dec 2021 ₹14.5K Cr | Mar 2022 ₹13.4K Cr | Jun 2022 ₹12.2K Cr | Sep 2022 ₹14.3K Cr | Dec 2022 ₹14.2K Cr | Mar 2023 ₹14.9K Cr | Jun 2023 ₹14.2K Cr | Sep 2023 ₹15.2K Cr | Dec 2023 ₹16.0K Cr | Mar 2024 ₹16.1K Cr | Jun 2024 ₹15.6K Cr | Sep 2024 ₹15.6K Cr | Dec 2024 ₹15.5K Cr | Mar 2025 ₹17.0K Cr | Jun 2025 ₹16.0K Cr | Sep 2025 ₹14.4K Cr | Dec 2025 ₹15.2K Cr | Mar 2026 ₹16.4K Cr | Jun 2026 ₹16.4K Cr - AFRM: Sep 2021 ₹2.1K Cr | Dec 2021 ₹3.9K Cr | Mar 2022 ₹4.1K Cr | Jun 2022 ₹4.0K Cr | Sep 2022 ₹4.2K Cr | Dec 2022 ₹4.9K Cr | Mar 2023 ₹4.7K Cr | Jun 2023 ₹5.3K Cr | Sep 2023 ₹5.5K Cr | Dec 2023 ₹6.1K Cr | Mar 2024 ₹6.2K Cr | Jun 2024 ₹6.4K Cr | Sep 2024 ₹6.9K Cr | Dec 2024 ₹7.3K Cr | Mar 2025 ₹7.1K Cr | Jun 2025 ₹7.6K Cr | Sep 2025 ₹7.7K Cr | Dec 2025 ₹9.0K Cr | Mar 2026 ₹8.9K Cr | Jun 2026 — - SOFI: Sep 2021 ₹2.9K Cr | Dec 2021 ₹4.0K Cr | Mar 2022 ₹5.0K Cr | Jun 2022 ₹3.8K Cr | Sep 2022 ₹4.6K Cr | Dec 2022 ₹5.5K Cr | Mar 2023 ₹6.1K Cr | Jun 2023 ₹6.5K Cr | Sep 2023 ₹6.3K Cr | Dec 2023 ₹5.2K Cr | Mar 2024 ₹2.9K Cr | Jun 2024 ₹3.1K Cr | Sep 2024 ₹3.2K Cr | Dec 2024 ₹3.1K Cr | Mar 2025 ₹3.0K Cr | Jun 2025 ₹3.9K Cr | Sep 2025 ₹2.7K Cr | Dec 2025 ₹1.8K Cr | Mar 2026 ₹1.8K Cr | Jun 2026 — - ALLY: Sep 2021 ₹14.9K Cr | Dec 2021 ₹17.0K Cr | Mar 2022 ₹15.9K Cr | Jun 2022 ₹17.0K Cr | Sep 2022 ₹16.6K Cr | Dec 2022 ₹17.8K Cr | Mar 2023 ₹20.5K Cr | Jun 2023 ₹20.1K Cr | Sep 2023 ₹20.1K Cr | Dec 2023 ₹17.6K Cr | Mar 2024 ₹17.0K Cr | Jun 2024 ₹16.0K Cr | Sep 2024 ₹16.8K Cr | Dec 2024 ₹17.5K Cr | Mar 2025 ₹16.5K Cr | Jun 2025 ₹15.9K Cr | Sep 2025 ₹17.7K Cr | Dec 2025 ₹17.1K Cr | Mar 2026 ₹19.4K Cr | Jun 2026 ₹17.1K Cr - FCFS: Sep 2021 ₹739 Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹1.3K Cr | Jun 2022 ₹1.3K Cr | Sep 2022 ₹1.4K Cr | Dec 2022 ₹1.4K Cr | Mar 2023 ₹1.3K Cr | Jun 2023 ₹1.4K Cr | Sep 2023 ₹1.6K Cr | Dec 2023 ₹1.6K Cr | Mar 2024 ₹1.5K Cr | Jun 2024 ₹1.7K Cr | Sep 2024 ₹1.7K Cr | Dec 2024 ₹1.7K Cr | Mar 2025 ₹1.7K Cr | Jun 2025 ₹1.7K Cr | Sep 2025 ₹2.2K Cr | Dec 2025 ₹2.2K Cr | Mar 2026 ₹2.3K Cr | Jun 2026 ₹2.3K Cr - OMF: Sep 2021 ₹17.7K Cr | Dec 2021 ₹17.8K Cr | Mar 2022 ₹17.6K Cr | Jun 2022 ₹17.9K Cr | Sep 2022 ₹18.2K Cr | Dec 2022 ₹18.3K Cr | Mar 2023 ₹18.2K Cr | Jun 2023 ₹19.2K Cr | Sep 2023 ₹19.9K Cr | Dec 2023 ₹19.8K Cr | Mar 2024 ₹19.5K Cr | Jun 2024 ₹20.7K Cr | Sep 2024 ₹21.1K Cr | Dec 2024 ₹21.4K Cr | Mar 2025 ₹21.5K Cr | Jun 2025 ₹22.1K Cr | Sep 2025 ₹22.3K Cr | Dec 2025 ₹22.7K Cr | Mar 2026 ₹22.4K Cr | Jun 2026 — - KLAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹466 Cr | Dec 2022 ₹466 Cr | Mar 2023 — | Jun 2023 — | Sep 2023 ₹324 Cr | Dec 2023 ₹324 Cr | Mar 2024 — | Jun 2024 — | Sep 2024 ₹513 Cr | Dec 2024 ₹513 Cr | Mar 2025 ₹534 Cr | Jun 2025 ₹727 Cr | Sep 2025 ₹2.6K Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹1.4K Cr | Jun 2026 — - ENVA: Sep 2021 ₹1.1K Cr | Dec 2021 ₹1.4K Cr | Mar 2022 ₹1.7K Cr | Jun 2022 ₹1.9K Cr | Sep 2022 ₹2.1K Cr | Dec 2022 ₹2.3K Cr | Mar 2023 ₹2.3K Cr | Jun 2023 ₹2.3K Cr | Sep 2023 ₹2.5K Cr | Dec 2023 ₹3.0K Cr | Mar 2024 ₹3.1K Cr | Jun 2024 ₹3.2K Cr | Sep 2024 ₹3.3K Cr | Dec 2024 ₹3.6K Cr | Mar 2025 ₹3.8K Cr | Jun 2025 ₹4.0K Cr | Sep 2025 ₹4.1K Cr | Dec 2025 ₹4.5K Cr | Mar 2026 ₹4.9K Cr | Jun 2026 ₹5.0K Cr - CACC: Sep 2021 ₹802 Cr | Dec 2021 ₹802 Cr | Mar 2022 ₹802 Cr | Jun 2022 ₹803 Cr | Sep 2022 ₹803 Cr | Dec 2022 ₹803 Cr | Mar 2023 ₹804 Cr | Jun 2023 ₹804 Cr | Sep 2023 ₹805 Cr | Dec 2023 ₹997 Cr | Mar 2024 ₹998 Cr | Jun 2024 ₹990 Cr | Sep 2024 ₹991 Cr | Dec 2024 ₹991 Cr | Mar 2025 ₹1.1K Cr | Jun 2025 ₹1.1K Cr | Sep 2025 ₹1.1K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.1K Cr | Jun 2026 — - SEZL: Sep 2021 ₹4 Cr | Dec 2021 ₹78 Cr | Mar 2022 ₹52 Cr | Jun 2022 ₹57 Cr | Sep 2022 ₹54 Cr | Dec 2022 ₹64 Cr | Mar 2023 ₹59 Cr | Jun 2023 ₹58 Cr | Sep 2023 ₹76 Cr | Dec 2023 ₹96 Cr | Mar 2024 ₹73 Cr | Jun 2024 ₹70 Cr | Sep 2024 ₹95 Cr | Dec 2024 ₹105 Cr | Mar 2025 ₹71 Cr | Jun 2025 ₹131 Cr | Sep 2025 ₹118 Cr | Dec 2025 ₹141 Cr | Mar 2026 ₹145 Cr | Jun 2026 — - NNI: Sep 2021 ₹18.6K Cr | Dec 2021 ₹17.6K Cr | Mar 2022 ₹16.7K Cr | Jun 2022 ₹16.1K Cr | Sep 2022 ₹15.0K Cr | Dec 2022 ₹14.6K Cr | Mar 2023 ₹13.4K Cr | Jun 2023 ₹13.1K Cr | Sep 2023 ₹12.4K Cr | Dec 2023 ₹11.8K Cr | Mar 2024 ₹10.6K Cr | Jun 2024 ₹9.6K Cr | Sep 2024 ₹8.9K Cr | Dec 2024 ₹8.3K Cr | Mar 2025 ₹8.7K Cr | Jun 2025 ₹7.9K Cr | Sep 2025 ₹7.8K Cr | Dec 2025 ₹7.8K Cr | Mar 2026 ₹7.7K Cr | Jun 2026 — - SLM: Sep 2021 ₹5.4K Cr | Dec 2021 ₹5.9K Cr | Mar 2022 ₹5.6K Cr | Jun 2022 ₹5.2K Cr | Sep 2022 ₹5.5K Cr | Dec 2022 ₹5.2K Cr | Mar 2023 ₹5.5K Cr | Jun 2023 ₹5.2K Cr | Sep 2023 ₹5.5K Cr | Dec 2023 ₹5.2K Cr | Mar 2024 ₹5.0K Cr | Jun 2024 ₹5.4K Cr | Sep 2024 ₹6.0K Cr | Dec 2024 ₹6.4K Cr | Mar 2025 ₹6.4K Cr | Jun 2025 ₹6.4K Cr | Sep 2025 ₹6.8K Cr | Dec 2025 ₹5.9K Cr | Mar 2026 ₹6.2K Cr | Jun 2026 ₹5.8K Cr - BFH: Sep 2021 ₹4.1K Cr | Dec 2021 ₹7.4K Cr | Mar 2022 ₹6.8K Cr | Jun 2022 ₹7.4K Cr | Sep 2022 ₹5.9K Cr | Dec 2022 ₹8.0K Cr | Mar 2023 ₹4.9K Cr | Jun 2023 ₹4.7K Cr | Sep 2023 ₹4.2K Cr | Dec 2023 ₹5.3K Cr | Mar 2024 ₹4.7K Cr | Jun 2024 ₹4.8K Cr | Sep 2024 ₹4.6K Cr | Dec 2024 ₹5.6K Cr | Mar 2025 ₹5.1K Cr | Jun 2025 ₹4.2K Cr | Sep 2025 ₹3.8K Cr | Dec 2025 ₹4.3K Cr | Mar 2026 ₹3.9K Cr | Jun 2026 ₹3.3K Cr - UPST: Sep 2021 ₹721 Cr | Dec 2021 ₹796 Cr | Mar 2022 ₹869 Cr | Jun 2022 ₹956 Cr | Sep 2022 ₹1.0K Cr | Dec 2022 ₹1.1K Cr | Mar 2023 ₹1.1K Cr | Jun 2023 ₹1.0K Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.1K Cr | Mar 2024 ₹1.1K Cr | Jun 2024 ₹969 Cr | Sep 2024 ₹941 Cr | Dec 2024 ₹1.5K Cr | Mar 2025 ₹1.4K Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.9K Cr | Dec 2025 ₹1.9K Cr | Mar 2026 ₹1.9K Cr | Jun 2026 — - WU: Sep 2021 ₹2.9K Cr | Dec 2021 ₹3.0K Cr | Mar 2022 ₹2.5K Cr | Jun 2022 ₹2.7K Cr | Sep 2022 ₹2.6K Cr | Dec 2022 ₹2.6K Cr | Mar 2023 ₹2.5K Cr | Jun 2023 ₹2.8K Cr | Sep 2023 ₹2.3K Cr | Dec 2023 ₹2.5K Cr | Mar 2024 ₹2.5K Cr | Jun 2024 ₹2.6K Cr | Sep 2024 ₹2.6K Cr | Dec 2024 ₹2.9K Cr | Mar 2025 ₹2.8K Cr | Jun 2025 ₹2.7K Cr | Sep 2025 ₹2.6K Cr | Dec 2025 ₹2.9K Cr | Mar 2026 ₹2.6K Cr | Jun 2026 — - AGM: Sep 2021 ₹991 Cr | Dec 2021 ₹981 Cr | Mar 2022 ₹895 Cr | Jun 2022 ₹866 Cr | Sep 2022 ₹1.1K Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹1.4K Cr | Jun 2023 ₹1.4K Cr | Sep 2023 ₹1.3K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹1.3K Cr | Jun 2024 ₹1.7K Cr | Sep 2024 ₹1.6K Cr | Dec 2024 ₹1.9K Cr | Mar 2025 ₹1.9K Cr | Jun 2025 ₹2.2K Cr | Sep 2025 ₹2.1K Cr | Dec 2025 ₹2.4K Cr | Mar 2026 ₹2.3K Cr | Jun 2026 — - ECPG: Sep 2021 ₹2.8K Cr | Dec 2021 ₹3.0K Cr | Mar 2022 ₹2.9K Cr | Jun 2022 ₹2.8K Cr | Sep 2022 ₹2.7K Cr | Dec 2022 ₹2.9K Cr | Mar 2023 ₹3.1K Cr | Jun 2023 ₹3.2K Cr | Sep 2023 ₹3.1K Cr | Dec 2023 ₹3.3K Cr | Mar 2024 ₹3.4K Cr | Jun 2024 ₹3.5K Cr | Sep 2024 ₹3.6K Cr | Dec 2024 ₹3.7K Cr | Mar 2025 ₹3.8K Cr | Jun 2025 ₹4.0K Cr | Sep 2025 ₹3.9K Cr | Dec 2025 ₹4.0K Cr | Mar 2026 ₹4.0K Cr | Jun 2026 — - EZPW: Sep 2021 ₹478 Cr | Dec 2021 ₹526 Cr | Mar 2022 ₹528 Cr | Jun 2022 ₹541 Cr | Sep 2022 ₹546 Cr | Dec 2022 ₹601 Cr | Mar 2023 ₹605 Cr | Jun 2023 ₹614 Cr | Sep 2023 ₹610 Cr | Dec 2023 ₹607 Cr | Mar 2024 ₹614 Cr | Jun 2024 ₹609 Cr | Sep 2024 ₹567 Cr | Dec 2024 ₹568 Cr | Mar 2025 ₹862 Cr | Jun 2025 ₹762 Cr | Sep 2025 ₹737 Cr | Dec 2025 ₹766 Cr | Mar 2026 ₹799 Cr | Jun 2026 — - ATLC: Sep 2021 ₹1.0K Cr | Dec 2021 ₹1.4K Cr | Mar 2022 ₹1.4K Cr | Jun 2022 ₹1.6K Cr | Sep 2022 ₹1.7K Cr | Dec 2022 ₹1.8K Cr | Mar 2023 ₹1.8K Cr | Jun 2023 ₹1.8K Cr | Sep 2023 ₹2.0K Cr | Dec 2023 ₹2.0K Cr | Mar 2024 ₹2.1K Cr | Jun 2024 ₹2.1K Cr | Sep 2024 ₹2.3K Cr | Dec 2024 ₹2.5K Cr | Mar 2025 ₹2.5K Cr | Jun 2025 ₹2.8K Cr | Sep 2025 ₹6.1K Cr | Dec 2025 ₹6.5K Cr | Mar 2026 ₹6.4K Cr | Jun 2026 — - LU: Sep 2021 ₹2.2 L Cr | Dec 2021 ₹2.4 L Cr | Mar 2022 ₹2.5 L Cr | Jun 2022 ₹2.5 L Cr | Sep 2022 ₹2.5 L Cr | Dec 2022 ₹2.3 L Cr | Mar 2023 ₹2.1 L Cr | Jun 2023 ₹1.7 L Cr | Sep 2023 ₹1.5 L Cr | Dec 2023 ₹1.2 L Cr | Mar 2024 ₹1.2 L Cr | Jun 2024 ₹1.1 L Cr | Sep 2024 ₹1.0 L Cr | Dec 2024 ₹1.0 L Cr | Mar 2025 ₹90.6K Cr | Jun 2025 ₹90.6K Cr | Sep 2025 ₹99.0K Cr | Dec 2025 ₹99.0K Cr | Mar 2026 — | Jun 2026 — - JCAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 ₹771 Cr | Dec 2023 ₹771 Cr | Mar 2024 — | Jun 2024 — | Sep 2024 ₹1.2K Cr | Dec 2024 ₹1.2K Cr | Mar 2025 ₹1.2K Cr | Jun 2025 ₹1.2K Cr | Sep 2025 ₹1.2K Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹1.4K Cr | Jun 2026 — - WRLD: Sep 2021 ₹571 Cr | Dec 2021 ₹720 Cr | Mar 2022 ₹692 Cr | Jun 2022 ₹777 Cr | Sep 2022 ₹747 Cr | Dec 2022 ₹723 Cr | Mar 2023 ₹595 Cr | Jun 2023 ₹585 Cr | Sep 2023 ₹561 Cr | Dec 2023 ₹585 Cr | Mar 2024 ₹496 Cr | Jun 2024 ₹493 Cr | Sep 2024 ₹505 Cr | Dec 2024 ₹560 Cr | Mar 2025 ₹447 Cr | Jun 2025 ₹472 Cr | Sep 2025 ₹585 Cr | Dec 2025 ₹576 Cr | Mar 2026 ₹444 Cr | Jun 2026 ₹468 Cr - OPFI: Sep 2021 ₹226 Cr | Dec 2021 ₹274 Cr | Mar 2022 ₹298 Cr | Jun 2022 ₹354 Cr | Sep 2022 ₹360 Cr | Dec 2022 ₹364 Cr | Mar 2023 ₹348 Cr | Jun 2023 ₹348 Cr | Sep 2023 ₹360 Cr | Dec 2023 ₹349 Cr | Mar 2024 ₹316 Cr | Jun 2024 ₹316 Cr | Sep 2024 ₹339 Cr | Dec 2024 ₹332 Cr | Mar 2025 ₹301 Cr | Jun 2025 ₹318 Cr | Sep 2025 ₹333 Cr | Dec 2025 ₹333 Cr | Mar 2026 ₹295 Cr | Jun 2026 — ## Return On Assets What the numbers say: Sezzle Inc. leads roa at 14.3%; Visa Inc. leads roa change at +1.6 percentage points. Investor read: Sezzle Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roa change signal. Evidence: Sezzle Inc. · 14.3% | 83.3% versus #2 · Mastercard Incorporated | 6/8 recent comparable periods | 14/28 companies · 249 observations Definition: ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset. ### ROA — highest 1. Sezzle Inc. (SEZL): 14% 2. Mastercard Incorporated (MA): 7.8% 3. Visa Inc. (V): 6.5% 4. Jefferson Capital, Inc. (JCAP): 5.7% 5. OppFi Inc. (OPFI): 4.8% ### ROA change — fastest improvers 1. Visa Inc. (V): +1.6 pp 2. Klarna Group plc (KLAR): +1.2 pp 3. EZCORP, Inc. (EZPW): +1.1 pp 4. Mastercard Incorporated (MA): +0.4 pp 5. Enova International, Inc. (ENVA): +0.1 pp ### 20-quarter ROA history - V: Sep 2021 4.4% | Dec 2021 4.8% | Mar 2022 4.8% | Jun 2022 4.4% | Sep 2022 4.9% | Dec 2022 5.1% | Mar 2023 5.1% | Jun 2023 4.6% | Sep 2023 5.2% | Dec 2023 5.5% | Mar 2024 5.1% | Jun 2024 5.4% | Sep 2024 5.7% | Dec 2024 5.6% | Mar 2025 4.9% | Jun 2025 5.4% | Sep 2025 5.2% | Dec 2025 6.2% | Mar 2026 6.5% | Jun 2026 — - MA: Sep 2021 7.0% | Dec 2021 6.7% | Mar 2022 7.8% | Jun 2022 6.9% | Sep 2022 6.9% | Dec 2022 6.8% | Mar 2023 6.8% | Jun 2023 7.5% | Sep 2023 8.5% | Dec 2023 7.0% | Mar 2024 7.5% | Jun 2024 8.2% | Sep 2024 7.8% | Dec 2024 7.5% | Mar 2025 7.4% | Jun 2025 8.1% | Sep 2025 7.9% | Dec 2025 8.0% | Mar 2026 7.8% | Jun 2026 — - AXP: Sep 2021 0.2% | Dec 2021 0.1% | Mar 2022 0.2% | Jun 2022 0.1% | Sep 2022 0.0% | Dec 2022 -0.4% | Mar 2023 -0.3% | Jun 2023 -0.1% | Sep 2023 -0.1% | Dec 2023 -0.3% | Mar 2024 -0.2% | Jun 2024 0.0% | Sep 2024 -0.2% | Dec 2024 -0.4% | Mar 2025 -0.2% | Jun 2025 -0.2% | Sep 2025 -0.2% | Dec 2025 -0.4% | Mar 2026 -0.2% | Jun 2026 — - PYPL: Sep 2021 1.4% | Dec 2021 1.6% | Mar 2022 0.8% | Jun 2022 -7.0% | Sep 2022 1.2% | Dec 2022 1.3% | Mar 2023 1.0% | Jun 2023 1.2% | Sep 2023 1.3% | Dec 2023 1.7% | Mar 2024 1.1% | Jun 2024 1.3% | Sep 2024 1.3% | Dec 2024 1.4% | Mar 2025 1.5% | Jun 2025 1.5% | Sep 2025 1.5% | Dec 2025 1.7% | Mar 2026 1.5% | Jun 2026 — - OMF: Sep 2021 1.3% | Dec 2021 1.2% | Mar 2022 1.4% | Jun 2022 0.9% | Sep 2022 0.8% | Dec 2022 0.8% | Mar 2023 0.8% | Jun 2023 0.5% | Sep 2023 0.8% | Dec 2023 0.7% | Mar 2024 0.7% | Jun 2024 0.3% | Sep 2024 0.6% | Dec 2024 0.5% | Mar 2025 0.9% | Jun 2025 0.6% | Sep 2025 0.8% | Dec 2025 0.8% | Mar 2026 0.9% | Jun 2026 — - KLAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0% | Dec 2022 0.0% | Mar 2023 — | Jun 2023 — | Sep 2023 0.0% | Dec 2023 0.0% | Mar 2024 — | Jun 2024 — | Sep 2024 0.1% | Dec 2024 -0.6% | Mar 2025 -1.2% | Jun 2025 -0.6% | Sep 2025 -0.5% | Dec 2025 -0.1% | Mar 2026 0.0% | Jun 2026 — - ENVA: Sep 2021 3.2% | Dec 2021 2.6% | Mar 2022 2.7% | Jun 2022 2.4% | Sep 2022 2.5% | Dec 2022 2.4% | Mar 2023 2.5% | Jun 2023 2.3% | Sep 2023 2.0% | Dec 2023 1.9% | Mar 2024 2.3% | Jun 2024 2.4% | Sep 2024 2.6% | Dec 2024 2.6% | Mar 2025 2.7% | Jun 2025 2.6% | Sep 2025 2.6% | Dec 2025 2.5% | Mar 2026 2.7% | Jun 2026 2.7% - SEZL: Sep 2021 -10% | Dec 2021 -12% | Mar 2022 -15% | Jun 2022 -8.3% | Sep 2022 -9.5% | Dec 2022 2.4% | Mar 2023 3.2% | Jun 2023 2.3% | Sep 2023 3.1% | Dec 2023 3.3% | Mar 2024 7.6% | Jun 2024 20% | Sep 2024 8.4% | Dec 2024 11% | Mar 2025 16% | Jun 2025 11% | Sep 2025 9.7% | Dec 2025 13% | Mar 2026 14% | Jun 2026 — - UPST: Sep 2021 3.3% | Dec 2021 5.2% | Mar 2022 3.7% | Jun 2022 -2.9% | Sep 2022 -3.3% | Dec 2022 -3.1% | Mar 2023 -8.2% | Jun 2023 -2.2% | Sep 2023 -2.2% | Dec 2023 -2.4% | Mar 2024 -3.6% | Jun 2024 -3.1% | Sep 2024 -2.4% | Dec 2024 -0.2% | Mar 2025 -0.2% | Jun 2025 0.2% | Sep 2025 1.0% | Dec 2025 0.7% | Mar 2026 -0.3% | Jun 2026 — - WU: Sep 2021 2.9% | Dec 2021 3.2% | Mar 2022 2.2% | Jun 2022 2.4% | Sep 2022 2.3% | Dec 2022 2.0% | Mar 2023 2.1% | Jun 2023 2.3% | Sep 2023 2.1% | Dec 2023 1.7% | Mar 2024 2.0% | Jun 2024 2.0% | Sep 2024 4.1% | Dec 2024 5.6% | Mar 2025 1.8% | Jun 2025 1.8% | Sep 2025 2.2% | Dec 2025 1.7% | Mar 2026 1.1% | Jun 2026 — - EZPW: Sep 2021 0.2% | Dec 2021 1.3% | Mar 2022 1.4% | Jun 2022 1.0% | Sep 2022 0.6% | Dec 2022 1.4% | Mar 2023 1.8% | Jun 2023 1.3% | Sep 2023 0.9% | Dec 2023 1.9% | Mar 2024 1.4% | Jun 2024 1.2% | Sep 2024 1.0% | Dec 2024 2.1% | Mar 2025 1.5% | Jun 2025 1.6% | Sep 2025 1.6% | Dec 2025 2.6% | Mar 2026 2.6% | Jun 2026 — - ATLC: Sep 2021 11% | Dec 2021 8.5% | Mar 2022 14% | Jun 2022 7.5% | Sep 2022 6.4% | Dec 2022 5.0% | Mar 2023 1.2% | Jun 2023 1.1% | Sep 2023 1.0% | Dec 2023 1.0% | Mar 2024 1.0% | Jun 2024 0.9% | Sep 2024 1.0% | Dec 2024 1.0% | Mar 2025 1.0% | Jun 2025 0.9% | Sep 2025 0.5% | Dec 2025 0.6% | Mar 2026 0.8% | Jun 2026 — - JCAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 3.4% | Dec 2023 3.5% | Mar 2024 — | Jun 2024 — | Sep 2024 4.0% | Dec 2024 3.6% | Mar 2025 34,58,100% | Jun 2025 7.5% | Sep 2025 3.4% | Dec 2025 3.2% | Mar 2026 5.7% | Jun 2026 — - OPFI: Sep 2021 5.1% | Dec 2021 0.9% | Mar 2022 -0.9% | Jun 2022 1.5% | Sep 2022 0.4% | Dec 2022 -1.3% | Mar 2023 0.7% | Jun 2023 3.1% | Sep 2023 2.6% | Dec 2023 1.0% | Mar 2024 0.9% | Jun 2024 5.0% | Sep 2024 5.4% | Dec 2024 3.8% | Mar 2025 6.5% | Jun 2025 6.5% | Sep 2025 6.7% | Dec 2025 4.3% | Mar 2026 4.8% | Jun 2026 — ### 20-quarter ROA change history - V: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.5 pp | Dec 2022 +0.3 pp | Mar 2023 +0.3 pp | Jun 2023 +0.2 pp | Sep 2023 +0.3 pp | Dec 2023 +0.4 pp | Mar 2024 0.0 pp | Jun 2024 +0.8 pp | Sep 2024 +0.5 pp | Dec 2024 +0.1 pp | Mar 2025 −0.2 pp | Jun 2025 0.0 pp | Sep 2025 −0.5 pp | Dec 2025 +0.6 pp | Mar 2026 +1.6 pp | Jun 2026 — - MA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 +0.1 pp | Mar 2023 −1.0 pp | Jun 2023 +0.6 pp | Sep 2023 +1.6 pp | Dec 2023 +0.2 pp | Mar 2024 +0.7 pp | Jun 2024 +0.7 pp | Sep 2024 −0.7 pp | Dec 2024 +0.5 pp | Mar 2025 −0.1 pp | Jun 2025 −0.1 pp | Sep 2025 +0.1 pp | Dec 2025 +0.5 pp | Mar 2026 +0.4 pp | Jun 2026 — - AXP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.2 pp | Dec 2022 −0.5 pp | Mar 2023 −0.5 pp | Jun 2023 −0.2 pp | Sep 2023 −0.1 pp | Dec 2023 +0.1 pp | Mar 2024 +0.1 pp | Jun 2024 +0.1 pp | Sep 2024 −0.1 pp | Dec 2024 −0.1 pp | Mar 2025 0.0 pp | Jun 2025 −0.2 pp | Sep 2025 0.0 pp | Dec 2025 0.0 pp | Mar 2026 0.0 pp | Jun 2026 — - PYPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.2 pp | Dec 2022 −0.3 pp | Mar 2023 +0.2 pp | Jun 2023 +8.2 pp | Sep 2023 +0.1 pp | Dec 2023 +0.4 pp | Mar 2024 +0.1 pp | Jun 2024 +0.1 pp | Sep 2024 0.0 pp | Dec 2024 −0.3 pp | Mar 2025 +0.4 pp | Jun 2025 +0.2 pp | Sep 2025 +0.2 pp | Dec 2025 +0.3 pp | Mar 2026 0.0 pp | Jun 2026 — - OMF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 −0.4 pp | Mar 2023 −0.6 pp | Jun 2023 −0.4 pp | Sep 2023 0.0 pp | Dec 2023 −0.1 pp | Mar 2024 −0.1 pp | Jun 2024 −0.2 pp | Sep 2024 −0.2 pp | Dec 2024 −0.2 pp | Mar 2025 +0.2 pp | Jun 2025 +0.3 pp | Sep 2025 +0.2 pp | Dec 2025 +0.3 pp | Mar 2026 0.0 pp | Jun 2026 — - KLAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.0 pp | Dec 2023 0.0 pp | Mar 2024 — | Jun 2024 — | Sep 2024 +0.1 pp | Dec 2024 −0.6 pp | Mar 2025 — | Jun 2025 — | Sep 2025 −0.6 pp | Dec 2025 +0.5 pp | Mar 2026 +1.2 pp | Jun 2026 — - ENVA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 −0.2 pp | Mar 2023 −0.2 pp | Jun 2023 −0.1 pp | Sep 2023 −0.5 pp | Dec 2023 −0.5 pp | Mar 2024 −0.2 pp | Jun 2024 +0.1 pp | Sep 2024 +0.6 pp | Dec 2024 +0.7 pp | Mar 2025 +0.4 pp | Jun 2025 +0.2 pp | Sep 2025 0.0 pp | Dec 2025 −0.1 pp | Mar 2026 0.0 pp | Jun 2026 +0.1 pp - SEZL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.8 pp | Dec 2022 +14.7 pp | Mar 2023 +18.3 pp | Jun 2023 +10.6 pp | Sep 2023 +12.6 pp | Dec 2023 +0.9 pp | Mar 2024 +4.4 pp | Jun 2024 +17.6 pp | Sep 2024 +5.3 pp | Dec 2024 +7.8 pp | Mar 2025 +7.9 pp | Jun 2025 −9.1 pp | Sep 2025 +1.3 pp | Dec 2025 +2.0 pp | Mar 2026 −1.2 pp | Jun 2026 — - UPST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −6.6 pp | Dec 2022 −8.3 pp | Mar 2023 −11.9 pp | Jun 2023 +0.7 pp | Sep 2023 +1.1 pp | Dec 2023 +0.7 pp | Mar 2024 +4.6 pp | Jun 2024 −0.9 pp | Sep 2024 −0.2 pp | Dec 2024 +2.2 pp | Mar 2025 +3.4 pp | Jun 2025 +3.3 pp | Sep 2025 +3.4 pp | Dec 2025 +0.9 pp | Mar 2026 −0.1 pp | Jun 2026 — - WU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.6 pp | Dec 2022 −1.2 pp | Mar 2023 −0.1 pp | Jun 2023 −0.1 pp | Sep 2023 −0.2 pp | Dec 2023 −0.3 pp | Mar 2024 −0.1 pp | Jun 2024 −0.3 pp | Sep 2024 +2.0 pp | Dec 2024 +3.9 pp | Mar 2025 −0.2 pp | Jun 2025 −0.2 pp | Sep 2025 −1.9 pp | Dec 2025 −3.9 pp | Mar 2026 −0.7 pp | Jun 2026 — - EZPW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.4 pp | Dec 2022 +0.1 pp | Mar 2023 +0.4 pp | Jun 2023 +0.3 pp | Sep 2023 +0.3 pp | Dec 2023 +0.5 pp | Mar 2024 −0.4 pp | Jun 2024 −0.1 pp | Sep 2024 +0.1 pp | Dec 2024 +0.2 pp | Mar 2025 +0.1 pp | Jun 2025 +0.4 pp | Sep 2025 +0.6 pp | Dec 2025 +0.5 pp | Mar 2026 +1.1 pp | Jun 2026 — - ATLC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −4.8 pp | Dec 2022 −3.5 pp | Mar 2023 −12.3 pp | Jun 2023 −6.4 pp | Sep 2023 −5.4 pp | Dec 2023 −4.0 pp | Mar 2024 −0.2 pp | Jun 2024 −0.2 pp | Sep 2024 0.0 pp | Dec 2024 0.0 pp | Mar 2025 0.0 pp | Jun 2025 0.0 pp | Sep 2025 −0.5 pp | Dec 2025 −0.4 pp | Mar 2026 −0.2 pp | Jun 2026 — - JCAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +0.6 pp | Dec 2024 +0.1 pp | Mar 2025 — | Jun 2025 — | Sep 2025 −0.6 pp | Dec 2025 −0.4 pp | Mar 2026 −34,58,094.3 pp | Jun 2026 — - OPFI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −4.7 pp | Dec 2022 −2.2 pp | Mar 2023 +1.6 pp | Jun 2023 +1.6 pp | Sep 2023 +2.2 pp | Dec 2023 +2.3 pp | Mar 2024 +0.2 pp | Jun 2024 +1.9 pp | Sep 2024 +2.8 pp | Dec 2024 +2.8 pp | Mar 2025 +5.6 pp | Jun 2025 +1.5 pp | Sep 2025 +1.3 pp | Dec 2025 +0.5 pp | Mar 2026 −1.7 pp | Jun 2026 — ## ROE — Leaders & Improvers What the numbers say: Mastercard Incorporated leads both roe at 57.9% and roe change at +11 percentage points. Investor read: Mastercard Incorporated sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roe change signal. Evidence: Mastercard Incorporated · 57.9% | 82.1% versus #2 · Sezzle Inc. | 5/8 recent comparable periods | 28/28 companies · 521 observations Definition: ROE shows the return to shareholders, but should be read with asset quality and leverage. ### ROE — highest 1. Mastercard Incorporated (MA): 58% 2. Sezzle Inc. (SEZL): 32% 3. OppFi Inc. (OPFI): 19% 4. Visa Inc. (V): 16% 5. Encore Capital Group, Inc. (ECPG): 9.3% ### ROE change — fastest improvers 1. Mastercard Incorporated (MA): +11.0 pp 2. OppFi Inc. (OPFI): +9.2 pp 3. Klarna Group plc (KLAR): +8.5 pp 4. Capital One Financial Corporation (COF): +7.7 pp 5. Visa Inc. (V): +4.6 pp ### 20-quarter ROE history - V: Sep 2021 9.7% | Dec 2021 11% | Mar 2022 9.9% | Jun 2022 9.3% | Sep 2022 11% | Dec 2022 11% | Mar 2023 11% | Jun 2023 11% | Sep 2023 13% | Dec 2023 13% | Mar 2024 12% | Jun 2024 12% | Sep 2024 14% | Dec 2024 13% | Mar 2025 12% | Jun 2025 14% | Sep 2025 13% | Dec 2025 15% | Mar 2026 16% | Jun 2026 — - MA: Sep 2021 38% | Dec 2021 34% | Mar 2022 39% | Jun 2022 36% | Sep 2022 38% | Dec 2022 37% | Mar 2023 38% | Jun 2023 48% | Sep 2023 50% | Dec 2023 42% | Mar 2024 48% | Jun 2024 50% | Sep 2024 47% | Dec 2024 50% | Mar 2025 47% | Jun 2025 48% | Sep 2025 51% | Dec 2025 57% | Mar 2026 58% | Jun 2026 — - AXP: Sep 2021 7.9% | Dec 2021 7.6% | Mar 2022 9.0% | Jun 2022 8.1% | Sep 2022 7.8% | Dec 2022 6.7% | Mar 2023 7.5% | Jun 2023 8.7% | Sep 2023 9.6% | Dec 2023 7.3% | Mar 2024 8.9% | Jun 2024 11% | Sep 2024 8.8% | Dec 2024 7.4% | Mar 2025 8.6% | Jun 2025 9.3% | Sep 2025 9.3% | Dec 2025 7.7% | Mar 2026 9.1% | Jun 2026 — - COF: Sep 2021 5.1% | Dec 2021 4.0% | Mar 2022 4.1% | Jun 2022 3.4% | Sep 2022 3.0% | Dec 2022 2.2% | Mar 2023 1.7% | Jun 2023 2.7% | Sep 2023 3.4% | Dec 2023 1.3% | Mar 2024 2.3% | Jun 2024 1.1% | Sep 2024 3.0% | Dec 2024 1.8% | Mar 2025 2.3% | Jun 2025 -5.0% | Sep 2025 0.0% | Dec 2025 2.0% | Mar 2026 2.5% | Jun 2026 2.7% - PYPL: Sep 2021 5.4% | Dec 2021 3.8% | Mar 2022 2.5% | Jun 2022 -1.7% | Sep 2022 6.3% | Dec 2022 4.4% | Mar 2023 3.9% | Jun 2023 5.2% | Sep 2023 5.1% | Dec 2023 6.8% | Mar 2024 4.4% | Jun 2024 5.6% | Sep 2024 5.1% | Dec 2024 5.4% | Mar 2025 6.3% | Jun 2025 6.2% | Sep 2025 6.2% | Dec 2025 7.1% | Mar 2026 5.5% | Jun 2026 — - SYF: Sep 2021 8.8% | Dec 2021 6.2% | Mar 2022 6.9% | Jun 2022 5.8% | Sep 2022 5.2% | Dec 2022 4.4% | Mar 2023 4.5% | Jun 2023 4.3% | Sep 2023 4.7% | Dec 2023 3.3% | Mar 2024 9.1% | Jun 2024 4.4% | Sep 2024 5.3% | Dec 2024 5.1% | Mar 2025 4.8% | Jun 2025 6.0% | Sep 2025 6.5% | Dec 2025 4.5% | Mar 2026 4.9% | Jun 2026 5.2% - AFRM: Sep 2021 -18% | Dec 2021 -9.3% | Mar 2022 -2.2% | Jun 2022 -7.2% | Sep 2022 -10% | Dec 2022 -13% | Mar 2023 -8.1% | Jun 2023 -8.0% | Sep 2023 -6.7% | Dec 2023 -6.5% | Mar 2024 -5.2% | Jun 2024 -1.7% | Sep 2024 -3.7% | Dec 2024 3.0% | Mar 2025 0.1% | Jun 2025 2.4% | Sep 2025 2.6% | Dec 2025 4.1% | Mar 2026 3.1% | Jun 2026 — - SOFI: Sep 2021 -0.8% | Dec 2021 -2.9% | Mar 2022 -3.6% | Jun 2022 -1.9% | Sep 2022 -1.5% | Dec 2022 -0.8% | Mar 2023 -0.6% | Jun 2023 -0.9% | Sep 2023 -4.9% | Dec 2023 0.9% | Mar 2024 1.5% | Jun 2024 0.3% | Sep 2024 1.1% | Dec 2024 5.5% | Mar 2025 1.1% | Jun 2025 1.5% | Sep 2025 1.9% | Dec 2025 2.0% | Mar 2026 1.9% | Jun 2026 — - ALLY: Sep 2021 4.5% | Dec 2021 4.1% | Mar 2022 4.4% | Jun 2022 3.1% | Sep 2022 2.0% | Dec 2022 3.0% | Mar 2023 2.2% | Jun 2023 2.4% | Sep 2023 2.3% | Dec 2023 0.6% | Mar 2024 1.1% | Jun 2024 3.2% | Sep 2024 2.9% | Dec 2024 0.8% | Mar 2025 -1.6% | Jun 2025 2.5% | Sep 2025 5.3% | Dec 2025 2.2% | Mar 2026 2.1% | Jun 2026 2.7% - FCFS: Sep 2021 2.7% | Dec 2021 2.0% | Mar 2022 1.9% | Jun 2022 5.8% | Sep 2022 4.0% | Dec 2022 4.6% | Mar 2023 2.7% | Jun 2023 2.6% | Sep 2023 3.3% | Dec 2023 4.0% | Mar 2024 3.2% | Jun 2024 2.8% | Sep 2024 3.7% | Dec 2024 4.4% | Mar 2025 4.1% | Jun 2025 3.4% | Sep 2025 4.7% | Dec 2025 4.8% | Mar 2026 4.9% | Jun 2026 4.6% - OMF: Sep 2021 9.2% | Dec 2021 8.1% | Mar 2022 9.5% | Jun 2022 6.3% | Sep 2022 6.0% | Dec 2022 5.8% | Mar 2023 5.8% | Jun 2023 3.4% | Sep 2023 6.3% | Dec 2023 5.3% | Mar 2024 4.9% | Jun 2024 2.3% | Sep 2024 5.0% | Dec 2024 4.0% | Mar 2025 6.6% | Jun 2025 5.2% | Sep 2025 6.0% | Dec 2025 6.2% | Mar 2026 6.8% | Jun 2026 — - KLAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0% | Dec 2022 0.0% | Mar 2023 — | Jun 2023 — | Sep 2023 0.0% | Dec 2023 0.0% | Mar 2024 — | Jun 2024 — | Sep 2024 0.5% | Dec 2024 1.8% | Mar 2025 -8.5% | Jun 2025 -4.2% | Sep 2025 -3.9% | Dec 2025 -1.1% | Mar 2026 0.0% | Jun 2026 — - ENVA: Sep 2021 6.1% | Dec 2021 4.8% | Mar 2022 5.0% | Jun 2022 4.8% | Sep 2022 4.5% | Dec 2022 4.5% | Mar 2023 4.4% | Jun 2023 4.1% | Sep 2023 3.4% | Dec 2023 2.9% | Mar 2024 4.1% | Jun 2024 4.5% | Sep 2024 3.6% | Dec 2024 5.2% | Mar 2025 6.2% | Jun 2025 6.4% | Sep 2025 6.5% | Dec 2025 6.2% | Mar 2026 7.0% | Jun 2026 7.7% - CACC: Sep 2021 12% | Dec 2021 11% | Mar 2022 11% | Jun 2022 5.5% | Sep 2022 4.9% | Dec 2022 7.4% | Mar 2023 5.9% | Jun 2023 1.4% | Sep 2023 4.3% | Dec 2023 5.5% | Mar 2024 3.8% | Jun 2024 -2.9% | Sep 2024 4.7% | Dec 2024 8.7% | Mar 2025 6.3% | Jun 2025 5.6% | Sep 2025 6.7% | Dec 2025 7.5% | Mar 2026 8.4% | Jun 2026 — - SEZL: Sep 2021 -32% | Dec 2021 -53% | Mar 2022 -97% | Jun 2022 -67% | Sep 2022 13% | Dec 2022 2.7% | Mar 2023 13% | Jun 2023 14% | Sep 2023 11% | Dec 2023 19% | Mar 2024 37% | Jun 2024 89% | Sep 2024 39% | Dec 2024 46% | Mar 2025 47% | Jun 2025 31% | Sep 2025 25% | Dec 2025 33% | Mar 2026 32% | Jun 2026 — - NNI: Sep 2021 1.9% | Dec 2021 4.6% | Mar 2022 6.3% | Jun 2022 2.8% | Sep 2022 3.3% | Dec 2022 0.7% | Mar 2023 0.7% | Jun 2023 0.5% | Sep 2023 1.2% | Dec 2023 -0.9% | Mar 2024 2.2% | Jun 2024 1.4% | Sep 2024 -0.1% | Dec 2024 -0.4% | Mar 2025 4.0% | Jun 2025 5.3% | Sep 2025 5.1% | Dec 2025 -5.9% | Mar 2026 2.7% | Jun 2026 — - SLM: Sep 2021 3.4% | Dec 2021 13% | Mar 2022 5.5% | Jun 2022 16% | Sep 2022 3.7% | Dec 2022 -4.0% | Mar 2023 6.1% | Jun 2023 14% | Sep 2023 1.6% | Dec 2023 9.3% | Mar 2024 15% | Jun 2024 12% | Sep 2024 -2.3% | Dec 2024 5.5% | Mar 2025 14% | Jun 2025 3.1% | Sep 2025 6.1% | Dec 2025 10% | Mar 2026 13% | Jun 2026 2.4% - BFH: Sep 2021 12% | Dec 2021 3.3% | Mar 2022 11% | Jun 2022 0.6% | Sep 2022 5.8% | Dec 2022 -6.2% | Mar 2023 18% | Jun 2023 2.6% | Sep 2023 6.6% | Dec 2023 1.7% | Mar 2024 4.7% | Jun 2024 4.5% | Sep 2024 0.1% | Dec 2024 0.2% | Mar 2025 4.7% | Jun 2025 4.4% | Sep 2025 5.8% | Dec 2025 1.7% | Mar 2026 5.7% | Jun 2026 4.5% - UPST: Sep 2021 8.7% | Dec 2021 11% | Mar 2022 5.5% | Jun 2022 -4.1% | Sep 2022 -7.8% | Dec 2022 -7.5% | Mar 2023 -17% | Jun 2023 -4.0% | Sep 2023 -5.9% | Dec 2023 -6.5% | Mar 2024 -10% | Jun 2024 -8.8% | Sep 2024 -1.1% | Dec 2024 -0.4% | Mar 2025 -0.4% | Jun 2025 0.9% | Sep 2025 4.7% | Dec 2025 2.6% | Mar 2026 -0.9% | Jun 2026 — - WU: Sep 2021 107% | Dec 2021 62% | Mar 2022 103% | Jun 2022 53% | Sep 2022 39% | Dec 2022 60% | Mar 2023 34% | Jun 2023 33% | Sep 2023 30% | Dec 2023 27% | Mar 2024 30% | Jun 2024 26% | Sep 2024 42% | Dec 2024 53% | Mar 2025 19% | Jun 2025 18% | Sep 2025 18% | Dec 2025 12% | Mar 2026 7.0% | Jun 2026 — - AGM: Sep 2021 3.3% | Dec 2021 3.1% | Mar 2022 4.5% | Jun 2022 3.5% | Sep 2022 3.4% | Dec 2022 3.5% | Mar 2023 3.8% | Jun 2023 3.7% | Sep 2023 4.4% | Dec 2023 3.5% | Mar 2024 3.9% | Jun 2024 3.3% | Sep 2024 3.5% | Dec 2024 3.9% | Mar 2025 3.3% | Jun 2025 3.6% | Sep 2025 3.5% | Dec 2025 3.0% | Mar 2026 3.6% | Jun 2026 — - ECPG: Sep 2021 6.6% | Dec 2021 6.3% | Mar 2022 14% | Jun 2022 4.7% | Sep 2022 2.4% | Dec 2022 -6.2% | Mar 2023 1.5% | Jun 2023 2.1% | Sep 2023 1.6% | Dec 2023 -26% | Mar 2024 2.2% | Jun 2024 2.9% | Sep 2024 2.7% | Dec 2024 -26% | Mar 2025 5.3% | Jun 2025 6.2% | Sep 2025 7.5% | Dec 2025 8.8% | Mar 2026 9.3% | Jun 2026 — - EZPW: Sep 2021 0.2% | Dec 2021 2.4% | Mar 2022 2.2% | Jun 2022 1.8% | Sep 2022 1.1% | Dec 2022 2.5% | Mar 2023 -1.0% | Jun 2023 2.6% | Sep 2023 1.4% | Dec 2023 3.8% | Mar 2024 2.8% | Jun 2024 2.3% | Sep 2024 2.0% | Dec 2024 3.9% | Mar 2025 3.1% | Jun 2025 3.0% | Sep 2025 2.9% | Dec 2025 4.7% | Mar 2026 5.0% | Jun 2026 — - ATLC: Sep 2021 16% | Dec 2021 16% | Mar 2022 13% | Jun 2022 8.6% | Sep 2022 7.6% | Dec 2022 5.3% | Mar 2023 5.8% | Jun 2023 5.3% | Sep 2023 5.2% | Dec 2023 5.3% | Mar 2024 5.0% | Jun 2024 4.5% | Sep 2024 3.8% | Dec 2024 5.6% | Mar 2025 5.5% | Jun 2025 5.2% | Sep 2025 3.0% | Dec 2025 5.7% | Mar 2026 7.1% | Jun 2026 — - LU: Sep 2021 5.3% | Dec 2021 3.3% | Mar 2022 5.6% | Jun 2022 3.1% | Sep 2022 1.4% | Dec 2022 -0.9% | Mar 2023 0.8% | Jun 2023 1.0% | Sep 2023 0.1% | Dec 2023 -0.9% | Mar 2024 -0.9% | Jun 2024 -0.8% | Sep 2024 -0.8% | Dec 2024 -1.5% | Mar 2025 -0.3% | Jun 2025 -0.3% | Sep 2025 -0.7% | Dec 2025 -0.7% | Mar 2026 — | Jun 2026 — - JCAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 8.7% | Dec 2023 8.7% | Mar 2024 — | Jun 2024 — | Sep 2024 11% | Dec 2024 7.9% | Mar 2025 30% | Jun 2025 23% | Sep 2025 9.4% | Dec 2025 8.8% | Mar 2026 8.6% | Jun 2026 — - WRLD: Sep 2021 3.2% | Dec 2021 1.9% | Mar 2022 4.7% | Jun 2022 -2.3% | Sep 2022 -0.2% | Dec 2022 1.5% | Mar 2023 6.5% | Jun 2023 2.5% | Sep 2023 4.2% | Dec 2023 4.3% | Mar 2024 8.6% | Jun 2024 2.4% | Sep 2024 5.3% | Dec 2024 3.2% | Mar 2025 10% | Jun 2025 0.3% | Sep 2025 -0.5% | Dec 2025 -0.2% | Mar 2026 9.2% | Jun 2026 2.0% - OPFI: Sep 2021 36% | Dec 2021 13% | Mar 2022 -1.7% | Jun 2022 11% | Sep 2022 -0.4% | Dec 2022 -3.3% | Mar 2023 2.5% | Jun 2023 11% | Sep 2023 8.7% | Dec 2023 1.1% | Mar 2024 5.6% | Jun 2024 15% | Sep 2024 16% | Dec 2024 6.5% | Mar 2025 9.4% | Jun 2025 5.5% | Sep 2025 31% | Dec 2025 14% | Mar 2026 19% | Jun 2026 — ### 20-quarter ROE change history - V: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.1 pp | Dec 2022 +0.7 pp | Mar 2023 +1.5 pp | Jun 2023 +1.9 pp | Sep 2023 +1.8 pp | Dec 2023 +1.4 pp | Mar 2024 +0.4 pp | Jun 2024 +1.2 pp | Sep 2024 +1.1 pp | Dec 2024 +0.3 pp | Mar 2025 −0.1 pp | Jun 2025 +1.1 pp | Sep 2025 −0.5 pp | Dec 2025 +2.1 pp | Mar 2026 +4.6 pp | Jun 2026 — - MA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.3 pp | Dec 2022 +2.5 pp | Mar 2023 −1.1 pp | Jun 2023 +12.6 pp | Sep 2023 +12.1 pp | Dec 2023 +5.1 pp | Mar 2024 +9.7 pp | Jun 2024 +1.9 pp | Sep 2024 −2.8 pp | Dec 2024 +7.6 pp | Mar 2025 −0.6 pp | Jun 2025 −1.8 pp | Sep 2025 +3.8 pp | Dec 2025 +7.4 pp | Mar 2026 +11.0 pp | Jun 2026 — - AXP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 −0.9 pp | Mar 2023 −1.5 pp | Jun 2023 +0.6 pp | Sep 2023 +1.8 pp | Dec 2023 +0.6 pp | Mar 2024 +1.4 pp | Jun 2024 +2.0 pp | Sep 2024 −0.8 pp | Dec 2024 +0.1 pp | Mar 2025 −0.3 pp | Jun 2025 −1.4 pp | Sep 2025 +0.5 pp | Dec 2025 +0.3 pp | Mar 2026 +0.5 pp | Jun 2026 — - COF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.1 pp | Dec 2022 −1.8 pp | Mar 2023 −2.4 pp | Jun 2023 −0.7 pp | Sep 2023 +0.4 pp | Dec 2023 −0.9 pp | Mar 2024 +0.6 pp | Jun 2024 −1.6 pp | Sep 2024 −0.4 pp | Dec 2024 +0.5 pp | Mar 2025 0.0 pp | Jun 2025 −6.1 pp | Sep 2025 −3.0 pp | Dec 2025 +0.2 pp | Mar 2026 +0.2 pp | Jun 2026 +7.7 pp - PYPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.9 pp | Dec 2022 +0.6 pp | Mar 2023 +1.4 pp | Jun 2023 +6.9 pp | Sep 2023 −1.2 pp | Dec 2023 +2.4 pp | Mar 2024 +0.5 pp | Jun 2024 +0.4 pp | Sep 2024 0.0 pp | Dec 2024 −1.4 pp | Mar 2025 +1.9 pp | Jun 2025 +0.6 pp | Sep 2025 +1.1 pp | Dec 2025 +1.7 pp | Mar 2026 −0.8 pp | Jun 2026 — - SYF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.6 pp | Dec 2022 −1.8 pp | Mar 2023 −2.4 pp | Jun 2023 −1.5 pp | Sep 2023 −0.5 pp | Dec 2023 −1.1 pp | Mar 2024 +4.6 pp | Jun 2024 +0.1 pp | Sep 2024 +0.6 pp | Dec 2024 +1.8 pp | Mar 2025 −4.3 pp | Jun 2025 +1.6 pp | Sep 2025 +1.2 pp | Dec 2025 −0.6 pp | Mar 2026 +0.1 pp | Jun 2026 −0.8 pp - AFRM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +8.1 pp | Dec 2022 −3.7 pp | Mar 2023 −5.9 pp | Jun 2023 −0.8 pp | Sep 2023 +3.5 pp | Dec 2023 +6.5 pp | Mar 2024 +2.9 pp | Jun 2024 +6.3 pp | Sep 2024 +3.0 pp | Dec 2024 +9.5 pp | Mar 2025 +5.3 pp | Jun 2025 +4.1 pp | Sep 2025 +6.3 pp | Dec 2025 +1.1 pp | Mar 2026 +3.0 pp | Jun 2026 — - SOFI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 +2.1 pp | Mar 2023 +3.0 pp | Jun 2023 +1.0 pp | Sep 2023 −3.4 pp | Dec 2023 +1.7 pp | Mar 2024 +2.1 pp | Jun 2024 +1.2 pp | Sep 2024 +6.0 pp | Dec 2024 +4.6 pp | Mar 2025 −0.4 pp | Jun 2025 +1.2 pp | Sep 2025 +0.8 pp | Dec 2025 −3.5 pp | Mar 2026 +0.8 pp | Jun 2026 — - ALLY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.5 pp | Dec 2022 −1.1 pp | Mar 2023 −2.2 pp | Jun 2023 −0.7 pp | Sep 2023 +0.3 pp | Dec 2023 −2.4 pp | Mar 2024 −1.1 pp | Jun 2024 +0.8 pp | Sep 2024 +0.6 pp | Dec 2024 +0.2 pp | Mar 2025 −2.7 pp | Jun 2025 −0.7 pp | Sep 2025 +2.4 pp | Dec 2025 +1.4 pp | Mar 2026 +3.7 pp | Jun 2026 +0.2 pp - FCFS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.3 pp | Dec 2022 +2.6 pp | Mar 2023 +0.8 pp | Jun 2023 −3.2 pp | Sep 2023 −0.7 pp | Dec 2023 −0.6 pp | Mar 2024 +0.5 pp | Jun 2024 +0.2 pp | Sep 2024 +0.4 pp | Dec 2024 +0.4 pp | Mar 2025 +0.9 pp | Jun 2025 +0.6 pp | Sep 2025 +1.0 pp | Dec 2025 +0.4 pp | Mar 2026 +0.8 pp | Jun 2026 +1.2 pp - OMF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.2 pp | Dec 2022 −2.3 pp | Mar 2023 −3.7 pp | Jun 2023 −2.9 pp | Sep 2023 +0.3 pp | Dec 2023 −0.5 pp | Mar 2024 −0.9 pp | Jun 2024 −1.1 pp | Sep 2024 −1.3 pp | Dec 2024 −1.3 pp | Mar 2025 +1.7 pp | Jun 2025 +2.9 pp | Sep 2025 +1.0 pp | Dec 2025 +2.2 pp | Mar 2026 +0.2 pp | Jun 2026 — - KLAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.0 pp | Dec 2023 0.0 pp | Mar 2024 — | Jun 2024 — | Sep 2024 +0.5 pp | Dec 2024 +1.8 pp | Mar 2025 — | Jun 2025 — | Sep 2025 −4.4 pp | Dec 2025 −2.9 pp | Mar 2026 +8.5 pp | Jun 2026 — - ENVA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.6 pp | Dec 2022 −0.3 pp | Mar 2023 −0.6 pp | Jun 2023 −0.7 pp | Sep 2023 −1.1 pp | Dec 2023 −1.6 pp | Mar 2024 −0.3 pp | Jun 2024 +0.4 pp | Sep 2024 +0.2 pp | Dec 2024 +2.3 pp | Mar 2025 +2.1 pp | Jun 2025 +1.9 pp | Sep 2025 +2.9 pp | Dec 2025 +1.0 pp | Mar 2026 +0.8 pp | Jun 2026 +1.3 pp - CACC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −6.8 pp | Dec 2022 −3.1 pp | Mar 2023 −4.8 pp | Jun 2023 −4.1 pp | Sep 2023 −0.6 pp | Dec 2023 −1.9 pp | Mar 2024 −2.1 pp | Jun 2024 −4.3 pp | Sep 2024 +0.4 pp | Dec 2024 +3.2 pp | Mar 2025 +2.5 pp | Jun 2025 +8.5 pp | Sep 2025 +2.0 pp | Dec 2025 −1.2 pp | Mar 2026 +2.1 pp | Jun 2026 — - SEZL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +44.8 pp | Dec 2022 +55.7 pp | Mar 2023 +110.2 pp | Jun 2023 +80.9 pp | Sep 2023 −2.4 pp | Dec 2023 +16.3 pp | Mar 2024 +23.9 pp | Jun 2024 +75.3 pp | Sep 2024 +28.1 pp | Dec 2024 +27.2 pp | Mar 2025 +9.6 pp | Jun 2025 −58.6 pp | Sep 2025 −14.4 pp | Dec 2025 −13.1 pp | Mar 2026 −14.8 pp | Jun 2026 — - NNI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.4 pp | Dec 2022 −3.9 pp | Mar 2023 −5.6 pp | Jun 2023 −2.3 pp | Sep 2023 −2.1 pp | Dec 2023 −1.6 pp | Mar 2024 +1.5 pp | Jun 2024 +0.9 pp | Sep 2024 −1.3 pp | Dec 2024 +0.5 pp | Mar 2025 +1.8 pp | Jun 2025 +3.9 pp | Sep 2025 +5.2 pp | Dec 2025 −5.5 pp | Mar 2026 −1.3 pp | Jun 2026 — - SLM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.3 pp | Dec 2022 −17.0 pp | Mar 2023 +0.6 pp | Jun 2023 −2.0 pp | Sep 2023 −2.1 pp | Dec 2023 +13.3 pp | Mar 2024 +8.6 pp | Jun 2024 −1.7 pp | Sep 2024 −3.9 pp | Dec 2024 −3.8 pp | Mar 2025 −1.1 pp | Jun 2025 −9.2 pp | Sep 2025 +8.4 pp | Dec 2025 +4.6 pp | Mar 2026 −0.8 pp | Jun 2026 −0.7 pp - BFH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −5.7 pp | Dec 2022 −9.5 pp | Mar 2023 +7.8 pp | Jun 2023 +2.0 pp | Sep 2023 +0.8 pp | Dec 2023 +7.9 pp | Mar 2024 −13.6 pp | Jun 2024 +1.9 pp | Sep 2024 −6.5 pp | Dec 2024 −1.5 pp | Mar 2025 0.0 pp | Jun 2025 −0.1 pp | Sep 2025 +5.7 pp | Dec 2025 +1.5 pp | Mar 2026 +1.0 pp | Jun 2026 +0.1 pp - UPST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −16.5 pp | Dec 2022 −18.1 pp | Mar 2023 −22.7 pp | Jun 2023 +0.1 pp | Sep 2023 +1.9 pp | Dec 2023 +1.0 pp | Mar 2024 +6.8 pp | Jun 2024 −4.8 pp | Sep 2024 +4.8 pp | Dec 2024 +6.1 pp | Mar 2025 +10.0 pp | Jun 2025 +9.7 pp | Sep 2025 +5.8 pp | Dec 2025 +3.0 pp | Mar 2026 −0.5 pp | Jun 2026 — - WU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −68.0 pp | Dec 2022 −2.4 pp | Mar 2023 −69.1 pp | Jun 2023 −20.0 pp | Sep 2023 −8.8 pp | Dec 2023 −33.4 pp | Mar 2024 −3.5 pp | Jun 2024 −6.4 pp | Sep 2024 +11.8 pp | Dec 2024 +26.8 pp | Mar 2025 −11.5 pp | Jun 2025 −8.0 pp | Sep 2025 −24.1 pp | Dec 2025 −41.4 pp | Mar 2026 −11.5 pp | Jun 2026 — - AGM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.1 pp | Dec 2022 +0.4 pp | Mar 2023 −0.7 pp | Jun 2023 +0.2 pp | Sep 2023 +1.0 pp | Dec 2023 0.0 pp | Mar 2024 +0.1 pp | Jun 2024 −0.4 pp | Sep 2024 −0.9 pp | Dec 2024 +0.4 pp | Mar 2025 −0.6 pp | Jun 2025 +0.3 pp | Sep 2025 0.0 pp | Dec 2025 −0.9 pp | Mar 2026 +0.3 pp | Jun 2026 — - ECPG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −4.2 pp | Dec 2022 −12.5 pp | Mar 2023 −12.4 pp | Jun 2023 −2.6 pp | Sep 2023 −0.8 pp | Dec 2023 −19.4 pp | Mar 2024 +0.7 pp | Jun 2024 +0.8 pp | Sep 2024 +1.1 pp | Dec 2024 −0.8 pp | Mar 2025 +3.1 pp | Jun 2025 +3.3 pp | Sep 2025 +4.8 pp | Dec 2025 +35.2 pp | Mar 2026 +4.0 pp | Jun 2026 — - EZPW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.9 pp | Dec 2022 +0.1 pp | Mar 2023 −3.2 pp | Jun 2023 +0.8 pp | Sep 2023 +0.3 pp | Dec 2023 +1.3 pp | Mar 2024 +3.8 pp | Jun 2024 −0.3 pp | Sep 2024 +0.6 pp | Dec 2024 +0.1 pp | Mar 2025 +0.3 pp | Jun 2025 +0.7 pp | Sep 2025 +0.9 pp | Dec 2025 +0.8 pp | Mar 2026 +1.9 pp | Jun 2026 — - ATLC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −8.2 pp | Dec 2022 −10.2 pp | Mar 2023 −7.6 pp | Jun 2023 −3.3 pp | Sep 2023 −2.4 pp | Dec 2023 0.0 pp | Mar 2024 −0.8 pp | Jun 2024 −0.8 pp | Sep 2024 −1.4 pp | Dec 2024 +0.3 pp | Mar 2025 +0.5 pp | Jun 2025 +0.7 pp | Sep 2025 −0.8 pp | Dec 2025 +0.1 pp | Mar 2026 +1.6 pp | Jun 2026 — - LU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.9 pp | Dec 2022 −4.2 pp | Mar 2023 −4.8 pp | Jun 2023 −2.1 pp | Sep 2023 −1.3 pp | Dec 2023 0.0 pp | Mar 2024 −1.7 pp | Jun 2024 −1.8 pp | Sep 2024 −0.9 pp | Dec 2024 −0.6 pp | Mar 2025 +0.6 pp | Jun 2025 +0.5 pp | Sep 2025 +0.1 pp | Dec 2025 +0.8 pp | Mar 2026 — | Jun 2026 — - JCAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +2.0 pp | Dec 2024 −0.8 pp | Mar 2025 — | Jun 2025 — | Sep 2025 −1.3 pp | Dec 2025 +0.9 pp | Mar 2026 −21.0 pp | Jun 2026 — - WRLD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.4 pp | Dec 2022 −0.4 pp | Mar 2023 +1.8 pp | Jun 2023 +4.8 pp | Sep 2023 +4.4 pp | Dec 2023 +2.8 pp | Mar 2024 +2.1 pp | Jun 2024 −0.1 pp | Sep 2024 +1.1 pp | Dec 2024 −1.1 pp | Mar 2025 +1.6 pp | Jun 2025 −2.1 pp | Sep 2025 −5.8 pp | Dec 2025 −3.4 pp | Mar 2026 −1.0 pp | Jun 2026 +1.7 pp - OPFI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −36.7 pp | Dec 2022 −16.5 pp | Mar 2023 +4.2 pp | Jun 2023 −0.5 pp | Sep 2023 +9.1 pp | Dec 2023 +4.4 pp | Mar 2024 +3.1 pp | Jun 2024 +4.0 pp | Sep 2024 +6.9 pp | Dec 2024 +5.4 pp | Mar 2025 +3.8 pp | Jun 2025 −9.1 pp | Sep 2025 +14.9 pp | Dec 2025 +7.7 pp | Mar 2026 +9.2 pp | Jun 2026 — ## Gross NPA — Leaders & Improvers What the numbers say: There is not enough comparable evidence to name a reliable gross npa leader. Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current gnpa change signal. Evidence: No comparable leader | Not enough peers | Not enough history | 0/28 companies · 0 observations Definition: Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted. ### Gross NPA — lowest ### GNPA change — fastest improvers ### 20-quarter Gross NPA history ### 20-quarter GNPA change history ## Valuation Against Growth & Quality What the numbers say: OppFi Inc. has the lowest comparable P/BV ÷ ROE at 0.14×, 12.5% below Encore Capital Group, Inc.. Only 25 of 28 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/bv signal. Evidence: OppFi Inc. · 0.14× | 12.5% versus #2 · Encore Capital Group, Inc. | 0/8 recent comparable periods | 25/28 companies · 429 observations Definition: Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive. ### P/BV ÷ ROE — lowest return-adjusted price 1. OppFi Inc. (OPFI): 0.1 2. Encore Capital Group, Inc. (ECPG): 0.2 3. Atlanticus Holdings Corporation (ATLC): 0.2 4. Federal Agricultural Mortgage Corporation (AGM): 0.3 5. OneMain Holdings, Inc. (OMF): 0.3 ### P/BV — lowest P/BV 1. Lufax Holding Ltd (LU): 0.2 — older report 2. Ally Financial Inc. (ALLY): 0.9 3. Federal Agricultural Mortgage Corporation (AGM): 0.9 4. Capital One Financial Corporation (COF): 1.1 5. Atlanticus Holdings Corporation (ATLC): 1.2 ### 20-quarter P/BV ÷ ROE history - V: Sep 2021 1.3 | Dec 2021 1.2 | Mar 2022 1.3 | Jun 2022 1.2 | Sep 2022 1.0 | Dec 2022 1.0 | Mar 2023 1.1 | Jun 2023 1.1 | Sep 2023 1.0 | Dec 2023 1.0 | Mar 2024 1.2 | Jun 2024 1.1 | Sep 2024 1.0 | Dec 2024 1.3 | Mar 2025 1.5 | Jun 2025 1.3 | Sep 2025 1.3 | Dec 2025 1.1 | Mar 2026 1.0 | Jun 2026 — - MA: Sep 2021 1.3 | Dec 2021 1.4 | Mar 2022 1.3 | Jun 2022 1.4 | Sep 2022 1.1 | Dec 2022 1.4 | Mar 2023 1.7 | Jun 2023 1.4 | Sep 2023 1.2 | Dec 2023 1.4 | Mar 2024 1.3 | Jun 2024 1.1 | Sep 2024 1.3 | Dec 2024 1.5 | Mar 2025 1.6 | Jun 2025 1.3 | Sep 2025 1.3 | Dec 2025 1.2 | Mar 2026 1.1 | Jun 2026 — - AXP: Sep 2021 0.7 | Dec 2021 0.7 | Mar 2022 0.7 | Jun 2022 0.6 | Sep 2022 0.5 | Dec 2022 0.7 | Mar 2023 0.6 | Jun 2023 0.6 | Sep 2023 0.4 | Dec 2023 0.7 | Mar 2024 0.6 | Jun 2024 0.5 | Sep 2024 0.7 | Dec 2024 0.9 | Mar 2025 0.7 | Jun 2025 0.7 | Sep 2025 0.8 | Dec 2025 1.0 | Mar 2026 0.7 | Jun 2026 — - COF: Sep 2021 0.2 | Dec 2021 0.2 | Mar 2022 0.2 | Jun 2022 0.2 | Sep 2022 0.2 | Dec 2022 0.3 | Mar 2023 0.4 | Jun 2023 0.3 | Sep 2023 0.2 | Dec 2023 0.7 | Mar 2024 0.4 | Jun 2024 0.8 | Sep 2024 0.3 | Dec 2024 0.6 | Mar 2025 0.5 | Jun 2025 — | Sep 2025 — | Dec 2025 0.7 | Mar 2026 0.4 | Jun 2026 0.4 - PYPL: Sep 2021 2.6 | Dec 2021 2.7 | Mar 2022 2.6 | Jun 2022 — | Sep 2022 0.8 | Dec 2022 0.9 | Mar 2023 1.1 | Jun 2023 0.7 | Sep 2023 0.6 | Dec 2023 0.5 | Mar 2024 0.8 | Jun 2024 0.5 | Sep 2024 0.8 | Dec 2024 0.8 | Mar 2025 0.5 | Jun 2025 0.6 | Sep 2025 0.5 | Dec 2025 0.4 | Mar 2026 0.4 | Jun 2026 — - SYF: Sep 2021 0.2 | Dec 2021 0.3 | Mar 2022 0.2 | Jun 2022 0.2 | Sep 2022 0.2 | Dec 2022 0.3 | Mar 2023 0.2 | Jun 2023 0.3 | Sep 2023 0.2 | Dec 2023 0.3 | Mar 2024 0.1 | Jun 2024 0.3 | Sep 2024 0.2 | Dec 2024 0.3 | Mar 2025 0.3 | Jun 2025 0.3 | Sep 2025 0.2 | Dec 2025 0.4 | Mar 2026 0.3 | Jun 2026 0.3 - AFRM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 2.3 | Mar 2025 50.7 | Jun 2025 3.1 | Sep 2025 2.8 | Dec 2025 1.7 | Mar 2026 1.3 | Jun 2026 — - SOFI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 2.1 | Mar 2024 0.9 | Jun 2024 4.0 | Sep 2024 1.3 | Dec 2024 0.5 | Mar 2025 1.8 | Jun 2025 2.0 | Sep 2025 1.9 | Dec 2025 1.6 | Mar 2026 1.0 | Jun 2026 — - ALLY: Sep 2021 0.2 | Dec 2021 0.2 | Mar 2022 0.2 | Jun 2022 0.2 | Sep 2022 0.3 | Dec 2022 0.2 | Mar 2023 0.3 | Jun 2023 0.3 | Sep 2023 0.3 | Dec 2023 1.3 | Mar 2024 0.8 | Jun 2024 0.3 | Sep 2024 0.3 | Dec 2024 1.0 | Mar 2025 — | Jun 2025 0.3 | Sep 2025 0.2 | Dec 2025 0.4 | Mar 2026 0.4 | Jun 2026 0.3 - FCFS: Sep 2021 1.1 | Dec 2021 1.1 | Mar 2022 1.0 | Jun 2022 0.3 | Sep 2022 0.5 | Dec 2022 0.5 | Mar 2023 0.9 | Jun 2023 0.9 | Sep 2023 0.8 | Dec 2023 0.7 | Mar 2024 0.9 | Jun 2024 1.0 | Sep 2024 0.8 | Dec 2024 0.5 | Mar 2025 0.6 | Jun 2025 1.0 | Sep 2025 0.8 | Dec 2025 0.6 | Mar 2026 0.7 | Jun 2026 0.9 - OMF: Sep 2021 0.3 | Dec 2021 0.3 | Mar 2022 0.2 | Jun 2022 0.2 | Sep 2022 0.2 | Dec 2022 0.2 | Mar 2023 0.3 | Jun 2023 0.5 | Sep 2023 0.3 | Dec 2023 0.4 | Mar 2024 0.4 | Jun 2024 0.8 | Sep 2024 0.4 | Dec 2024 0.5 | Mar 2025 0.3 | Jun 2025 0.4 | Sep 2025 0.3 | Dec 2025 0.4 | Mar 2026 0.3 | Jun 2026 — - ENVA: Sep 2021 0.2 | Dec 2021 0.3 | Mar 2022 0.2 | Jun 2022 0.2 | Sep 2022 0.2 | Dec 2022 0.2 | Mar 2023 0.3 | Jun 2023 0.3 | Sep 2023 0.4 | Dec 2023 0.5 | Mar 2024 0.4 | Jun 2024 0.3 | Sep 2024 0.5 | Dec 2024 0.4 | Mar 2025 0.3 | Jun 2025 0.4 | Sep 2025 0.3 | Dec 2025 0.5 | Mar 2026 0.3 | Jun 2026 0.5 - CACC: Sep 2021 0.4 | Dec 2021 0.5 | Mar 2022 0.4 | Jun 2022 0.7 | Sep 2022 0.7 | Dec 2022 0.5 | Mar 2023 0.6 | Jun 2023 2.7 | Sep 2023 0.8 | Dec 2023 0.7 | Mar 2024 1.1 | Jun 2024 — | Sep 2024 0.7 | Dec 2024 0.4 | Mar 2025 0.6 | Jun 2025 0.7 | Sep 2025 0.5 | Dec 2025 0.4 | Mar 2026 0.4 | Jun 2026 — - SEZL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 1.0 | Dec 2022 2.3 | Mar 2023 0.6 | Jun 2023 0.4 | Sep 2023 0.4 | Dec 2023 0.3 | Mar 2024 0.4 | Jun 2024 0.1 | Sep 2024 0.4 | Dec 2024 0.4 | Mar 2025 0.2 | Jun 2025 1.5 | Sep 2025 0.7 | Dec 2025 0.4 | Mar 2026 0.3 | Jun 2026 — - NNI: Sep 2021 0.6 | Dec 2021 0.3 | Mar 2022 0.2 | Jun 2022 0.4 | Sep 2022 0.3 | Dec 2022 1.5 | Mar 2023 1.5 | Jun 2023 2.2 | Sep 2023 0.8 | Dec 2023 — | Mar 2024 0.5 | Jun 2024 0.8 | Sep 2024 — | Dec 2024 — | Mar 2025 0.3 | Jun 2025 0.2 | Sep 2025 0.2 | Dec 2025 — | Mar 2026 0.5 | Jun 2026 — - SLM: Sep 2021 0.7 | Dec 2021 0.2 | Mar 2022 0.4 | Jun 2022 0.1 | Sep 2022 0.5 | Dec 2022 — | Mar 2023 0.3 | Jun 2023 0.2 | Sep 2023 1.1 | Dec 2023 0.2 | Mar 2024 0.2 | Jun 2024 0.2 | Sep 2024 — | Dec 2024 0.5 | Mar 2025 0.2 | Jun 2025 0.9 | Sep 2025 0.4 | Dec 2025 0.2 | Mar 2026 0.1 | Jun 2026 0.8 - BFH: Sep 2021 0.2 | Dec 2021 0.5 | Mar 2022 0.1 | Jun 2022 1.4 | Sep 2022 0.1 | Dec 2022 — | Mar 2023 0.0 | Jun 2023 0.2 | Sep 2023 0.1 | Dec 2023 0.3 | Mar 2024 0.1 | Jun 2024 0.2 | Sep 2024 7.6 | Dec 2024 4.9 | Mar 2025 0.2 | Jun 2025 0.2 | Sep 2025 0.1 | Dec 2025 0.6 | Mar 2026 0.2 | Jun 2026 0.3 - UPST: Sep 2021 4.1 | Dec 2021 1.5 | Mar 2022 1.9 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 9.6 | Sep 2025 1.4 | Dec 2025 2.1 | Mar 2026 — | Jun 2026 — - WU: Sep 2021 0.2 | Dec 2021 0.3 | Mar 2022 0.2 | Jun 2022 0.3 | Sep 2022 0.3 | Dec 2022 0.2 | Mar 2023 0.2 | Jun 2023 0.2 | Sep 2023 0.3 | Dec 2023 0.3 | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 0.2 | Dec 2024 0.1 | Mar 2025 0.2 | Jun 2025 0.2 | Sep 2025 0.2 | Dec 2025 0.3 | Mar 2026 0.4 | Jun 2026 — - AGM: Sep 2021 0.3 | Dec 2021 0.4 | Mar 2022 0.2 | Jun 2022 0.3 | Sep 2022 0.3 | Dec 2022 0.3 | Mar 2023 0.3 | Jun 2023 0.3 | Sep 2023 0.3 | Dec 2023 0.4 | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 0.4 | Dec 2024 0.4 | Mar 2025 0.4 | Jun 2025 0.4 | Sep 2025 0.3 | Dec 2025 0.4 | Mar 2026 0.3 | Jun 2026 — - ECPG: Sep 2021 0.2 | Dec 2021 0.2 | Mar 2022 0.1 | Jun 2022 0.2 | Sep 2022 0.4 | Dec 2022 — | Mar 2023 0.7 | Jun 2023 0.4 | Sep 2023 0.6 | Dec 2023 — | Mar 2024 0.5 | Jun 2024 0.3 | Sep 2024 0.4 | Dec 2024 — | Mar 2025 0.2 | Jun 2025 0.2 | Sep 2025 0.1 | Dec 2025 0.1 | Mar 2026 0.2 | Jun 2026 — - EZPW: Sep 2021 3.2 | Dec 2021 0.3 | Mar 2022 0.2 | Jun 2022 0.3 | Sep 2022 0.6 | Dec 2022 0.3 | Mar 2023 — | Jun 2023 0.2 | Sep 2023 0.4 | Dec 2023 0.2 | Mar 2024 0.3 | Jun 2024 0.3 | Sep 2024 0.4 | Dec 2024 0.2 | Mar 2025 0.3 | Jun 2025 0.3 | Sep 2025 0.4 | Dec 2025 0.2 | Mar 2026 0.3 | Jun 2026 — - ATLC: Sep 2021 0.2 | Dec 2021 0.2 | Mar 2022 0.2 | Jun 2022 0.2 | Sep 2022 0.2 | Dec 2022 0.2 | Mar 2023 0.2 | Jun 2023 0.3 | Sep 2023 0.2 | Dec 2023 0.3 | Mar 2024 0.2 | Jun 2024 0.2 | Sep 2024 0.2 | Dec 2024 0.3 | Mar 2025 0.3 | Jun 2025 0.3 | Sep 2025 0.5 | Dec 2025 0.3 | Mar 2026 0.2 | Jun 2026 — - LU: Sep 2021 0.2 | Dec 2021 0.3 | Mar 2022 0.2 | Jun 2022 0.3 | Sep 2022 0.3 | Dec 2022 — | Mar 2023 0.4 | Jun 2023 0.3 | Sep 2023 1.9 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - JCAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.1 | Sep 2025 0.2 | Dec 2025 0.3 | Mar 2026 0.3 | Jun 2026 — - WRLD: Sep 2021 1.0 | Dec 2021 2.1 | Mar 2022 0.7 | Jun 2022 — | Sep 2022 — | Dec 2022 0.8 | Mar 2023 0.2 | Jun 2023 0.8 | Sep 2023 0.5 | Dec 2023 0.5 | Mar 2024 0.2 | Jun 2024 0.7 | Sep 2024 0.3 | Dec 2024 0.5 | Mar 2025 0.2 | Jun 2025 7.0 | Sep 2025 — | Dec 2025 — | Mar 2026 0.2 | Jun 2026 — - OPFI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 8.7 | Jun 2023 0.4 | Sep 2023 0.4 | Dec 2023 8.4 | Mar 2024 0.5 | Jun 2024 0.2 | Sep 2024 0.2 | Dec 2024 0.8 | Mar 2025 1.1 | Jun 2025 5.3 | Sep 2025 0.2 | Dec 2025 0.3 | Mar 2026 0.1 | Jun 2026 — ### 20-quarter P/BV history - V: Sep 2021 12.5 | Dec 2021 12.6 | Mar 2022 12.8 | Jun 2022 11.5 | Sep 2022 10.3 | Dec 2022 11.6 | Mar 2023 12.0 | Jun 2023 12.4 | Sep 2023 12.0 | Dec 2023 13.1 | Mar 2024 13.8 | Jun 2024 13.1 | Sep 2024 13.8 | Dec 2024 16.5 | Mar 2025 17.9 | Jun 2025 17.7 | Sep 2025 17.3 | Dec 2025 17.3 | Mar 2026 16.0 | Jun 2026 — - MA: Sep 2021 51.0 | Dec 2021 48.2 | Mar 2022 49.5 | Jun 2022 49.5 | Sep 2022 43.1 | Dec 2022 52.8 | Mar 2023 64.7 | Jun 2023 67.4 | Sep 2023 58.9 | Dec 2023 57.5 | Mar 2024 61.9 | Jun 2024 55.0 | Sep 2024 61.0 | Dec 2024 74.2 | Mar 2025 74.8 | Jun 2025 64.8 | Sep 2025 64.8 | Dec 2025 66.0 | Mar 2026 66.0 | Jun 2026 — - AXP: Sep 2021 5.3 | Dec 2021 5.6 | Mar 2022 6.3 | Jun 2022 4.5 | Sep 2022 4.2 | Dec 2022 4.4 | Mar 2023 4.7 | Jun 2023 4.8 | Sep 2023 4.0 | Dec 2023 4.8 | Mar 2024 5.7 | Jun 2024 5.6 | Sep 2024 6.5 | Dec 2024 6.9 | Mar 2025 6.0 | Jun 2025 6.9 | Sep 2025 7.1 | Dec 2025 7.6 | Mar 2026 6.1 | Jun 2026 — - COF: Sep 2021 1.1 | Dec 2021 1.0 | Mar 2022 0.9 | Jun 2022 0.8 | Sep 2022 0.7 | Dec 2022 0.7 | Mar 2023 0.7 | Jun 2023 0.8 | Sep 2023 0.7 | Dec 2023 0.9 | Mar 2024 1.0 | Jun 2024 0.9 | Sep 2024 0.9 | Dec 2024 1.1 | Mar 2025 1.1 | Jun 2025 1.2 | Sep 2025 1.2 | Dec 2025 1.3 | Mar 2026 1.0 | Jun 2026 1.1 - PYPL: Sep 2021 13.8 | Dec 2021 10.1 | Mar 2022 6.5 | Jun 2022 4.1 | Sep 2022 4.9 | Dec 2022 4.0 | Mar 2023 4.3 | Jun 2023 3.7 | Sep 2023 3.2 | Dec 2023 3.1 | Mar 2024 3.4 | Jun 2024 2.9 | Sep 2024 3.9 | Dec 2024 4.2 | Mar 2025 3.2 | Jun 2025 3.5 | Sep 2025 3.1 | Dec 2025 2.7 | Mar 2026 2.0 | Jun 2026 — - SYF: Sep 2021 1.9 | Dec 2021 1.8 | Mar 2022 1.3 | Jun 2022 1.0 | Sep 2022 1.0 | Dec 2022 1.1 | Mar 2023 0.9 | Jun 2023 1.1 | Sep 2023 0.9 | Dec 2023 1.1 | Mar 2024 1.1 | Jun 2024 1.2 | Sep 2024 1.2 | Dec 2024 1.5 | Mar 2025 1.3 | Jun 2025 1.5 | Sep 2025 1.6 | Dec 2025 1.7 | Mar 2026 1.4 | Jun 2026 1.5 - AFRM: Sep 2021 13.9 | Dec 2021 11.5 | Mar 2022 5.1 | Jun 2022 2.0 | Sep 2022 2.1 | Dec 2022 1.1 | Mar 2023 1.3 | Jun 2023 1.8 | Sep 2023 2.5 | Dec 2023 5.7 | Mar 2024 4.4 | Jun 2024 3.4 | Sep 2024 4.5 | Dec 2024 6.9 | Mar 2025 5.1 | Jun 2025 7.3 | Sep 2025 7.3 | Dec 2025 7.0 | Mar 2026 4.1 | Jun 2026 — - SOFI: Sep 2021 3.0 | Dec 2021 3.0 | Mar 2022 1.7 | Jun 2022 0.9 | Sep 2022 0.9 | Dec 2022 0.8 | Mar 2023 1.1 | Jun 2023 1.5 | Sep 2023 1.5 | Dec 2023 1.9 | Mar 2024 1.3 | Jun 2024 1.2 | Sep 2024 1.4 | Dec 2024 2.6 | Mar 2025 1.9 | Jun 2025 3.0 | Sep 2025 3.6 | Dec 2025 3.2 | Mar 2026 1.9 | Jun 2026 — - ALLY: Sep 2021 1.0 | Dec 2021 0.9 | Mar 2022 0.9 | Jun 2022 0.8 | Sep 2022 0.7 | Dec 2022 0.6 | Mar 2023 0.6 | Jun 2023 0.6 | Sep 2023 0.6 | Dec 2023 0.8 | Mar 2024 0.9 | Jun 2024 0.9 | Sep 2024 0.7 | Dec 2024 0.8 | Mar 2025 0.8 | Jun 2025 0.8 | Sep 2025 0.8 | Dec 2025 0.9 | Mar 2026 0.8 | Jun 2026 0.9 - FCFS: Sep 2021 2.9 | Dec 2021 2.1 | Mar 2022 1.9 | Jun 2022 1.9 | Sep 2022 2.0 | Dec 2022 2.3 | Mar 2023 2.5 | Jun 2023 2.4 | Sep 2023 2.6 | Dec 2023 2.8 | Mar 2024 2.8 | Jun 2024 2.7 | Sep 2024 2.9 | Dec 2024 2.3 | Mar 2025 2.6 | Jun 2025 3.4 | Sep 2025 4.0 | Dec 2025 3.1 | Mar 2026 3.6 | Jun 2026 4.1 - OMF: Sep 2021 2.3 | Dec 2021 2.1 | Mar 2022 1.9 | Jun 2022 1.5 | Sep 2022 1.2 | Dec 2022 1.3 | Mar 2023 1.5 | Jun 2023 1.7 | Sep 2023 1.6 | Dec 2023 1.9 | Mar 2024 1.9 | Jun 2024 1.8 | Sep 2024 1.8 | Dec 2024 2.0 | Mar 2025 1.8 | Jun 2025 2.0 | Sep 2025 2.0 | Dec 2025 2.3 | Mar 2026 1.8 | Jun 2026 — - KLAR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 5.7 | Dec 2025 4.4 | Mar 2026 2.0 | Jun 2026 — - ENVA: Sep 2021 1.1 | Dec 2021 1.3 | Mar 2022 1.2 | Jun 2022 0.8 | Sep 2022 0.8 | Dec 2022 1.0 | Mar 2023 1.1 | Jun 2023 1.3 | Sep 2023 1.2 | Dec 2023 1.3 | Mar 2024 1.5 | Jun 2024 1.4 | Sep 2024 1.9 | Dec 2024 2.1 | Mar 2025 2.1 | Jun 2025 2.3 | Sep 2025 2.2 | Dec 2025 2.9 | Mar 2026 2.4 | Jun 2026 4.0 - CACC: Sep 2021 4.4 | Dec 2021 5.3 | Mar 2022 4.5 | Jun 2022 4.0 | Sep 2022 3.6 | Dec 2022 3.7 | Mar 2023 3.3 | Jun 2023 3.7 | Sep 2023 3.4 | Dec 2023 3.8 | Mar 2024 4.1 | Jun 2024 4.0 | Sep 2024 3.3 | Dec 2024 3.2 | Mar 2025 3.6 | Jun 2025 3.8 | Sep 2025 3.3 | Dec 2025 3.1 | Mar 2026 2.9 | Jun 2026 — - SEZL: Sep 2021 14.6 | Dec 2021 11.4 | Mar 2022 15.4 | Jun 2022 350.4 | Sep 2022 13.8 | Dec 2022 6.1 | Mar 2023 7.8 | Jun 2023 4.8 | Sep 2023 4.2 | Dec 2023 5.3 | Mar 2024 16.1 | Jun 2024 9.8 | Sep 2024 15.6 | Dec 2024 16.4 | Mar 2025 9.4 | Jun 2025 46.8 | Sep 2025 17.5 | Dec 2025 12.6 | Mar 2026 10.8 | Jun 2026 — - NNI: Sep 2021 1.1 | Dec 2021 1.3 | Mar 2022 1.0 | Jun 2022 1.0 | Sep 2022 0.9 | Dec 2022 1.1 | Mar 2023 1.1 | Jun 2023 1.1 | Sep 2023 1.0 | Dec 2023 1.0 | Mar 2024 1.1 | Jun 2024 1.1 | Sep 2024 1.3 | Dec 2024 1.2 | Mar 2025 1.2 | Jun 2025 1.2 | Sep 2025 1.2 | Dec 2025 1.3 | Mar 2026 1.2 | Jun 2026 — - SLM: Sep 2021 2.4 | Dec 2021 2.6 | Mar 2022 2.4 | Jun 2022 2.0 | Sep 2022 1.8 | Dec 2022 2.3 | Mar 2023 1.6 | Jun 2023 2.0 | Sep 2023 1.7 | Dec 2023 2.2 | Mar 2024 2.3 | Jun 2024 2.0 | Sep 2024 2.3 | Dec 2024 2.7 | Mar 2025 2.6 | Jun 2025 2.9 | Sep 2025 2.4 | Dec 2025 2.2 | Mar 2026 1.7 | Jun 2026 2.0 - BFH: Sep 2021 1.8 | Dec 2021 1.6 | Mar 2022 1.2 | Jun 2022 0.8 | Sep 2022 0.7 | Dec 2022 0.8 | Mar 2023 0.6 | Jun 2023 0.6 | Sep 2023 0.6 | Dec 2023 0.6 | Mar 2024 0.6 | Jun 2024 0.7 | Sep 2024 0.8 | Dec 2024 1.0 | Mar 2025 0.8 | Jun 2025 0.8 | Sep 2025 0.8 | Dec 2025 1.0 | Mar 2026 0.9 | Jun 2026 1.3 - UPST: Sep 2021 35.9 | Dec 2021 15.7 | Mar 2022 10.5 | Jun 2022 3.4 | Sep 2022 2.4 | Dec 2022 1.6 | Mar 2023 2.1 | Jun 2023 4.7 | Sep 2023 3.8 | Dec 2023 5.6 | Mar 2024 3.9 | Jun 2024 3.5 | Sep 2024 6.1 | Dec 2024 9.1 | Mar 2025 6.5 | Jun 2025 8.6 | Sep 2025 6.6 | Dec 2025 5.4 | Mar 2026 3.4 | Jun 2026 — - WU: Sep 2021 22.1 | Dec 2021 19.8 | Mar 2022 20.6 | Jun 2022 14.2 | Sep 2022 9.9 | Dec 2022 10.8 | Mar 2023 7.6 | Jun 2023 7.0 | Sep 2023 7.9 | Dec 2023 8.7 | Mar 2024 11.9 | Jun 2024 9.4 | Sep 2024 6.2 | Dec 2024 3.7 | Mar 2025 3.7 | Jun 2025 3.1 | Sep 2025 2.8 | Dec 2025 3.1 | Mar 2026 3.0 | Jun 2026 — - AGM: Sep 2021 1.0 | Dec 2021 1.1 | Mar 2022 1.0 | Jun 2022 0.9 | Sep 2022 0.9 | Dec 2022 1.0 | Mar 2023 1.1 | Jun 2023 1.2 | Sep 2023 1.2 | Dec 2023 1.5 | Mar 2024 1.5 | Jun 2024 1.3 | Sep 2024 1.4 | Dec 2024 1.4 | Mar 2025 1.3 | Jun 2025 1.4 | Sep 2025 1.1 | Dec 2025 1.1 | Mar 2026 0.9 | Jun 2026 — - ECPG: Sep 2021 1.0 | Dec 2021 1.3 | Mar 2022 1.2 | Jun 2022 1.1 | Sep 2022 0.9 | Dec 2022 1.0 | Mar 2023 1.0 | Jun 2023 0.9 | Sep 2023 0.9 | Dec 2023 1.3 | Mar 2024 1.1 | Jun 2024 1.0 | Sep 2024 1.1 | Dec 2024 1.9 | Mar 2025 1.0 | Jun 2025 1.0 | Sep 2025 1.0 | Dec 2025 1.2 | Mar 2026 1.5 | Jun 2026 — - EZPW: Sep 2021 0.6 | Dec 2021 0.6 | Mar 2022 0.5 | Jun 2022 0.6 | Sep 2022 0.6 | Dec 2022 0.7 | Mar 2023 0.7 | Jun 2023 0.6 | Sep 2023 0.6 | Dec 2023 0.6 | Mar 2024 0.8 | Jun 2024 0.7 | Sep 2024 0.8 | Dec 2024 0.8 | Mar 2025 1.0 | Jun 2025 0.9 | Sep 2025 1.1 | Dec 2025 1.1 | Mar 2026 1.4 | Jun 2026 — - ATLC: Sep 2021 3.3 | Dec 2021 3.7 | Mar 2022 2.8 | Jun 2022 1.8 | Sep 2022 1.2 | Dec 2022 1.2 | Mar 2023 1.1 | Jun 2023 1.7 | Sep 2023 1.2 | Dec 2023 1.4 | Mar 2024 1.1 | Jun 2024 1.0 | Sep 2024 0.6 | Dec 2024 1.7 | Mar 2025 1.5 | Jun 2025 1.5 | Sep 2025 1.5 | Dec 2025 1.6 | Mar 2026 1.2 | Jun 2026 — - LU: Sep 2021 1.1 | Dec 2021 0.9 | Mar 2022 0.9 | Jun 2022 1.0 | Sep 2022 0.4 | Dec 2022 0.3 | Mar 2023 0.3 | Jun 2023 0.3 | Sep 2023 0.2 | Dec 2023 0.1 | Mar 2024 0.2 | Jun 2024 0.1 | Sep 2024 0.3 | Dec 2024 0.2 | Mar 2025 0.2 | Jun 2025 0.2 | Sep 2025 0.3 | Dec 2025 0.2 | Mar 2026 — | Jun 2026 — - JCAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 2.6 | Sep 2025 2.3 | Dec 2025 2.7 | Mar 2026 2.4 | Jun 2026 — - WRLD: Sep 2021 3.0 | Dec 2021 4.0 | Mar 2022 3.3 | Jun 2022 2.0 | Sep 2022 1.7 | Dec 2022 1.1 | Mar 2023 1.2 | Jun 2023 2.1 | Sep 2023 1.9 | Dec 2023 2.0 | Mar 2024 2.0 | Jun 2024 1.7 | Sep 2024 1.6 | Dec 2024 1.5 | Mar 2025 1.6 | Jun 2025 2.1 | Sep 2025 2.3 | Dec 2025 2.0 | Mar 2026 1.8 | Jun 2026 — - OPFI: Sep 2021 -4.6 | Dec 2021 -6.9 | Mar 2022 -5.2 | Jun 2022 -11.3 | Sep 2022 -10.1 | Dec 2022 -61.3 | Mar 2023 21.7 | Jun 2023 4.5 | Sep 2023 3.8 | Dec 2023 9.2 | Mar 2024 2.7 | Jun 2024 3.6 | Sep 2024 2.8 | Dec 2024 5.2 | Mar 2025 10.4 | Jun 2025 29.2 | Sep 2025 6.4 | Dec 2025 4.9 | Mar 2026 2.7 | Jun 2026 — ## Market action Encore Capital Group, Inc. has the strongest one-year price move in Credit Services at +166.6%. Sezzle Inc. leads on Mansfield relative strength against the S&P 500 at +63.5%. 11 of 27 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28. ### Strongest one-year price performers 1. Encore Capital Group, Inc. (ECPG): 167% 2. Enova International, Inc. (ENVA): 148% 3. Atlanticus Holdings Corporation (ATLC): 118% 4. EZCORP, Inc. (EZPW): 115% 5. Bread Financial Holdings, Inc. (BFH): 87% ### Strongest relative strength versus NIFTY 500 1. Sezzle Inc. (SEZL): 63% 2. Enova International, Inc. (ENVA): 52% 3. Encore Capital Group, Inc. (ECPG): 43% 4. Atlanticus Holdings Corporation (ATLC): 43% 5. Bread Financial Holdings, Inc. (BFH): 32% ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROE can be manufactured with leverage. Read it beside ROA and asset quality. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. - 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker. - Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing. - Thin comparisons: Asset quality have fewer than three usable current readings. ## Every company - Visa Inc. (V) — market value ₹6.9 L Cr; latest fundamentals Mar 2026 - Mastercard Incorporated (MA) — market value ₹5.0 L Cr; latest fundamentals Mar 2026 - American Express Company (AXP) — market value ₹2.3 L Cr; latest fundamentals Mar 2026 - Capital One Financial Corporation (COF) — market value ₹1.3 L Cr; latest fundamentals Jun 2026 - PayPal Holdings, Inc. (PYPL) — market value ₹51.4K Cr; latest fundamentals Mar 2026 - Synchrony Financial (SYF) — market value ₹25.1K Cr; latest fundamentals Jun 2026 - Affirm Holdings, Inc. (AFRM) — market value ₹24.2K Cr; latest fundamentals Mar 2026 - SoFi Technologies, Inc. (SOFI) — market value ₹21.5K Cr; latest fundamentals Mar 2026 - Ally Financial Inc. (ALLY) — market value ₹13.3K Cr; latest fundamentals Jun 2026 - FirstCash Holdings, Inc. (FCFS) — market value ₹9.0K Cr; latest fundamentals Jun 2026 - OneMain Holdings, Inc. (OMF) — market value ₹7.2K Cr; latest fundamentals Mar 2026 - Klarna Group plc (KLAR) — market value ₹7.1K Cr; latest fundamentals Mar 2026 - Enova International, Inc. (ENVA) — market value ₹6.2K Cr; latest fundamentals Jun 2026 - Credit Acceptance Corporation (CACC) — market value ₹5.8K Cr; latest fundamentals Mar 2026 - Sezzle Inc. (SEZL) — market value ₹5.3K Cr; latest fundamentals Mar 2026 - Nelnet, Inc. (NNI) — market value ₹4.9K Cr; latest fundamentals Mar 2026 - SLM Corporation (SLM) — market value ₹4.7K Cr; latest fundamentals Jun 2026 - Bread Financial Holdings, Inc. (BFH) — market value ₹4.1K Cr; latest fundamentals Jun 2026 - Upstart Holdings, Inc. (UPST) — market value ₹2.7K Cr; latest fundamentals Mar 2026 - The Western Union Company (WU) — market value ₹2.6K Cr; latest fundamentals Mar 2026 - Federal Agricultural Mortgage Corporation (AGM) — market value ₹2.3K Cr; latest fundamentals Mar 2026 - Encore Capital Group, Inc. (ECPG) — market value ₹2.1K Cr; latest fundamentals Mar 2026 - EZCORP, Inc. (EZPW) — market value ₹1.8K Cr; latest fundamentals Mar 2026 - Atlanticus Holdings Corporation (ATLC) — market value ₹1.6K Cr; latest fundamentals Mar 2026 - Lufax Holding Ltd (LU) — market value ₹1.3K Cr; latest fundamentals Dec 2025 - Jefferson Capital, Inc. (JCAP) — market value ₹1.1K Cr; latest fundamentals Mar 2026 - World Acceptance Corporation (WRLD) — market value ₹851 Cr; latest fundamentals Jun 2026 - OppFi Inc. (OPFI) — market value ₹824 Cr; latest fundamentals Mar 2026 ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-07-28. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Which Credit Services company is the biggest? American Express Company is the largest, with trailing-twelve-month income of $56,282 million, ahead of Visa Inc. at $43,027 million. That covers 20 of 28 companies with comparable reporting through Mar 2026. ### Which Credit Services company is growing fastest? Atlanticus Holdings Corporation has the fastest income growth at 68.7% year on year, across 20 of 28 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend. ### Which Credit Services company makes the most profit? Visa Inc. earns the most, at $22,236 million of trailing-twelve-month net profit, from 20 of 28 comparable companies. OppFi Inc. has the fastest profit growth at 90.4%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Credit Services company earns the highest return on capital? Sezzle Inc. leads on return on assets at 14.3%, across 14 of 28 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Which Credit Services stock is the cheapest? On price-to-book divided by return on equity — where a LOWER number is cheaper — OppFi Inc. screens cheapest at 0.14×. Only 25 of 28 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own. ### Which Credit Services lender has the largest funding base? Capital One Financial Corporation has the largest reported deposit base at $484,257 million. For lenders, deposits and borrowings are operating inputs rather than leverage, so they are read against asset quality and returns instead of as debt. ### Is the Credit Services sector beating the market? Credit Services has underperformed S&P 500 by 4.5% over the last 52 weeks and 7.9% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 11 of 27 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Credit Services stock has the strongest price momentum? Sezzle Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Credit Services company scores highest for research priority? Sezzle Inc. scores 65.1 out of 100 with 76% evidence confidence, from 19.4 points on growth and earnings, 19.6 on capital efficiency, 6.1 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Credit Services companies does this comparison cover, and over what period? It compares 28 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Credit Services sector? The 28 Credit Services companies on this page carry $1,752,583 million of combined market value. Visa Inc. is the largest at $690,620 million, about 39% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28. ### What is the Credit Services sector's P/B ratio? The median price-to-book ratio across the 28 Credit Services companies on this page is 2×, measured on the 28 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28. ### How is the Credit Services sector performing? 11 of the 27 covered Credit Services companies are beating S&P 500 on Mansfield relative strength. The sector itself is 4.5% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28. ### How many Credit Services stocks are listed in the US? This comparison covers 28 listed Credit Services companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser. Narrative sector analysis: https://www.sectoralpha.in/sectors/credit-services