World Acceptance Corporation Q4 Fiscal 2026 Financial Results

World Acceptance Corporation reported its financial results for the fourth quarter of fiscal year 2026. The company saw a 4.4% increase in gross loans outstanding to $1.28 billion as of March 31, 2026, compared to the previous year. Net income for the quarter was $36.5 million, a decrease from $44.3 million in the same quarter of the prior year, resulting in diluted earnings per share of $7.70, down from $8.13 year-over-year. Total revenues increased by 7.4% to $177.6 million. The company tightened underwriting standards in response to economic uncertainty, leading to a shift in strategy towards targeted portfolio growth. While outstanding balances declined in prior years, they have now increased for three consecutive quarters. The provision for credit losses increased to $36.8 million. General and administrative expenses rose by 23.6% to $81.5 million, largely due to a significant increase in personnel and incentive expenses. The company repurchased approximately 5.9% of its outstanding common stock in the fourth quarter.