World Acceptance posts $8.8 million profit after $1.662 million loss a year earlier
Key Facts
World Acceptance reported net income of $8.8 million, or $1.92 per diluted share, in the second quarter of fiscal 2027, according to a company statement published via Business Wire. That represented an improvement of $10.4 million in net income and $2.25 in earnings per share from the same quarter of fiscal 2026. The company recorded a net loss of $1.662 million, or $0.33 per diluted share, in that quarter. Results therefore shifted from a loss to a profit year over year. The company announced the results in a statement dated October 23, 2026.
Total revenue rose to $139.2 million, up $4.4 million, or 3.2%, from the second quarter of the previous fiscal year, the company said. Revenue in the comparable period was $134.848 million, according to the company’s filing with the U.S. Securities and Exchange Commission. That puts revenue growth in the current quarter at a slower pace than the 7.4% year-over-year increase the company recorded in the fourth quarter of fiscal 2026. Revenue in that quarter was $177.6 million, compared with $165.3 million a year earlier. But net income in the fourth quarter fell to $36.5 million from $44.3 million, making the shift in net income in the current second quarter more pronounced than the revenue trend alone.
The results follow improvements in some credit indicators the company disclosed for the first quarter of fiscal 2027. The provision for credit losses declined to $43.8 million from $50.5 million in the comparable quarter, a decrease of $6.7 million, or 13.4%. Total loans outstanding were $1,293,946,253 on June 30, 2026, compared with $1,278,988,323 on March 31 of the same year. Year over year, accounts delinquent by 61 days or more fell to 5.2% on June 30, 2026, from 5.4%. The share of accounts delinquent from zero to 60 days also declined to 18.1% from 19.2%, according to the company’s quarterly filing.
World Acceptance said in April 2026 that it planned to slow growth in new customers and focus on the health of its loan portfolio. It said that a maturing customer base and distributing growth more broadly could reduce charge-offs and improve profitability. In its annual results filing, the company said it was “now in a position to slow the growth of new customers and focus on the overall health of the portfolio.” That priority puts loan quality management at the center of monitoring the company’s results, alongside revenue growth. Delinquency and credit provision data in previous filings provide context for assessing this focus, without replacing details for the current second quarter.
The company said a conference call to discuss second-quarter results would be held on October 23, 2026, at 10:00 a.m. Eastern time. In the market, WRLD shares closed at $169.66 on October 22, 2026, according to EL7 data. The close came the day before the announced results discussion. The market data provided no further details on the stock’s movements during the session. The call is scheduled to give the company an opportunity to discuss second-quarter results at the time it set.