ONEMAIN FINANCE CORP
For the period ended Sep 30, 2026. Filed Oct 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 30, 2026
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Segment Results
The results of OMFC are consolidated into the results of OMH. Due to the nominal differences between OMFC and OMH, content throughout this section relates only to OMH. See Note 1 of the Notes to the Condensed Consolidated Financial Statements included in this report for further information.
See Note 13 of the Notes to the Condensed Consolidated Financial Statements included in this report for a description of our segment and methodologies used to allocate revenues and expenses to our C&I segment and for reconciliations of segment total to condensed consolidated financial statement amounts.
CONSUMER AND INSURANCE
The following table below presents OMH’s adjusted pretax income and selected financial statistics for C&I on an adjusted Segment Accounting Basis.
| At or for theThree Months Ended September 30, | At or for theNine Months Ended September 30, | |||
|---|---|---|---|---|
| (dollars in millions) | 2026 | 2025 | 2026 | 2025 |
| Interest income | $1,487 | $1,386 | $4,283 | $4,021 |
| Interest expense | 345 | 320 | 993 | 947 |
| Provision for finance receivable losses | 615 | 488 | 1,690 | 1,456 |
| Net interest income after provision for finance receivable losses | 527 | 578 | 1,600 | 1,618 |
| Other revenues | 211 | 200 | 616 | 586 |
| Other expenses | 506 | 475 | 1,478 | 1,395 |
| Adjusted pretax income (non-GAAP) | $232 | $303 | $738 | $809 |
| Selected Financial Statistics * | ||||
| Total finance receivables: | ||||
| Net finance receivables | $26,283 | $24,490 | $26,283 | $24,490 |
| Average net receivables | $25,745 | $24,238 | $25,046 | $23,789 |
| Gross charge-off ratio | 8.80% | 8.45% | 9.66% | 9.06% |
| Recovery ratio | (1.56)% | (1.45)% | (1.72)% | (1.48)% |
| Net charge-off ratio | 7.24% | 7.01% | 7.94% | 7.57% |
| At or for theThree Months Ended September 30, | At or for theNine Months Ended September 30, | |||
|---|---|---|---|---|
| (dollars in millions) | 2026 | 2025 | 2026 | 2025 |
| Selected Financial Statistics, continued * | ||||
| Personal loans: | ||||
| Net finance receivables | $22,079 | $21,225 | $22,079 | $21,225 |
| Origination volume | $4,076 | $3,520 | $10,674 | $9,733 |
| Number of accounts | 2,423,661 | 2,374,057 | 2,423,661 | 2,374,057 |
| Number of accounts originated | 385,481 | 336,458 | 996,919 | 912,705 |
| Auto finance: | ||||
| Net finance receivables | $2,821 | $2,431 | $2,821 | $2,431 |
| Origination volume | $466 | $369 | $1,288 | $1,085 |
| Number of accounts | 162,732 | 144,004 | 162,732 | 144,004 |
| Number of accounts originated | 19,099 | 16,705 | 55,101 | 49,107 |
| Consumer loans: | ||||
| Net finance receivables | $24,900 | $23,656 | $24,900 | $23,656 |
| Yield | 22.58% | 22.55% | 22.60% | 22.51% |
| Origination volume | $4,542 | $3,889 | $11,962 | $10,818 |
| Number of accounts | 2,586,393 | 2,518,061 | 2,586,393 | 2,518,061 |
| Number of accounts originated | 404,580 | 353,163 | 1,052,020 | 961,812 |
| Net charge-off ratio | 6.89% | 6.67% | 7.55% | 7.22% |
| 30-89 Delinquency ratio | 3.08% | 3.20% | 3.08% | 3.20% |
| Credit cards: | ||||
| Net finance receivables | $1,383 | $834 | $1,383 | $834 |
| Purchase volume | $580 | $318 | $1,392 | $872 |
| Number of open accounts | 1,480,464 | 993,238 | 1,480,464 | 993,238 |
- See “Glossary” at the beginning of this report for formulas and definitions of our key performance ratios.
Comparison of Adjusted Pretax Income for Three and Nine Months Ended September 30, 2026 and 2025
Interest income increased $101 million or 7% in the three months ended September 30, 2026 when compared to the same period in 2025 due to growth in average net receivables.
Interest income increased $262 million or 7% in the nine months ended September 30, 2026 when compared to the same period in 2025 due to growth in average net receivables and an increase in yield.
Interest expense increased $25 million or 8% and $46 million or 5% in the three and nine months ended September 30, 2026 when compared to the same period in 2025 due to an increase in average debt to support our receivables growth and a higher average cost of funds.
Provision for finance receivable losses increased $127 million or 26% and $234 million or 16% in the three and nine months ended September 30, 2026 when compared to the same period in 2025 due to growth in receivables and higher net charge-offs.
Other revenues increased $11 million or 5% and $30 million or 5% in the three and nine months ended September 30, 2026 when compared to the same period in 2025 driven by increases in credit card revenue from growth in the number of accounts and increases in servicing revenues driven by growth in finance receivables serviced for others.
Other expenses increased $31 million or 6% and $83 million or 6% in the three and nine months ended September 30, 2026 when compared to the same period in 2025 driven by increases in general operating expenses and salaries and benefits expense due to growth in receivables and our strategic investments in the business.
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