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OneMain Holdings Financial Overview for Q3 2026

On October 30, 2026, OneMain Holdings, Inc. (NYSE: OMF) unveiled noteworthy financial results for the third quarter of 2026. The leading provider of credit access for nonprime consumers reported a pretax income of $233 million, along with a net income reaching $185 million. This reflects a slight decrease compared to the previous year, where the figures were $263 million and $199 million, respectively.

In terms of earnings per diluted share, OneMain recorded $1.60, down from $1.67 during the same quarter last year. The company also declared a quarterly dividend of $1.05 per common share, scheduled for payment on November 13, 2026, to shareholders on record by November 9.

Performance Indicators

During this quarter, OneMain repurchased about 538,000 shares of its common stock for $34 million. Doug Shulman, the company’s Chairman and CEO, expressed optimism about the results, stating, “We delivered another strong quarter, building on the positive momentum across our business and demonstrating our ability to drive growth while maintaining rigorous credit discipline.” This statement underlines the company’s focus on consistent performance and shareholder returns.

Delving deeper into the Consumer and Insurance segment (CI), OneMain reported an adjusted pretax income of $232 million with an adjusted net income of $174 million. This is a notable decrease from $303 million and $227 million in the previous year. The adjusted earnings per diluted share stood at $1.51, a decrease from $1.90 last year. Despite these drops, the capital generation, a vital measure for management, saw an increase to $284 million, up from $272 million a year ago, attributed to growth in receivables, although it faced challenges from increasing net charge-offs.

The managed receivables hit $28.1 billion, marking a 9% increase from $25.9 billion a year prior. This growth was propelled by consumer loan originations, which totaled $4.5 billion—an increase of 17% from $3.9 billion in Q3 2025.

Total revenue was reported at $1.7 billion, a 7% increase from $1.6 billion in the prior year, with interest income contributing $1.5 billion, up from $1.4 billion. However, interest expenses also rose by 8% to $345 million, impacted by a higher average cost of funds necessary to support this receivables growth.

Furthermore, the provision for finance receivable losses escalated to $615 million from $488 million, reflecting the continuing need to adjust for growth in receivables. As of September 30, 2026, OneMain reported long-term debt of $24.4 billion, with 52% secured, and had on hand $936 million in cash and cash equivalents, essential for liquidity management.

Looking Ahead

OneMain conducts a conference call and webcast to discuss these results and future outlook, signaling a commitment to transparency and engagement with investors. Interested parties can access the live broadcast or the replay through OneMain's investor relations website.

Lastly, it is important to recognize that these results are made in the context of forward-looking statements, which are subject to various risks and uncertainties that could materially affect the company's performance going forward. Stakeholders are advised to consider these factors when assessing their investments in OneMain Holdings.

For further information about OneMain Holdings and their operational performance, visit their official website.