WORLD ACCEPTANCE CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data WORLD ACCEPTANCE CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	491	503	545	590	528	585	617	573	564	585
General and administrative	244	269	288	347	305	300	279	269	241	302
Operating expenses	385	406	455	555
Interest expense	21.5	19.1	17.9	25.9	25.7	33.4	50.5	48.2	42.7	49.4
Pre-tax income	106	49.1	73.9	34.9	111	65.6	27.1	99	111	45.2
Income tax	38.2	47.8	16	6.75	23.1	11.7	5.91	22	22.1	10.7
Income from continuing operations			73.9	28.2	88.3	53.9
Net income	73.6	53.7	37.2	28.2	88.3	53.9	21.2	77	89.2	34.6
EPS, basic	8.45	6.11	4.14	3.66	13.59	8.88	3.69	13.40	16.45	7.00
EPS, diluted	8.38	5.99	4.05	3.54	13.23	8.47	3.60	13.14	16.21	6.88
Shares, basic (weighted)	8.71	8.79	8.99	7.69	6.49	6.07	5.75	5.75	5.43	4.94
Shares, diluted (weighted)	8.78	8.96	9.2	7.95	6.67	6.36	5.9	5.86	5.51	5.03

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	11.6	12.5	9.34	11.6	15.7	19.2	16.5	5.17	4.71	6.07
Property, plant and equipment	24.2	22.8	25.4	24.8	25.3	24.5	23.9	22.9	19.8	17.4
Lease right-of-use assets			0	102	90.1	85.6	81.3	79.5	76.2	71.5
Goodwill	6.07	7.03	7.03	7.37	7.37	7.37	7.37	7.37	7.37	7.37
Intangible assets	6.61	6.64	15.3	24.4	23.5	19.8	15.3	11.1	7.39	4.21
Total assets	801	841	855	1,030	954	1,218	1,117	1,056	1,008	1,054
Total liabilities	340	300	303	618	549	845	732	632	571	703
Total debt	295	245	252	451	405	697	599	498	448	587
Paid-in capital	144	176	198	227	256	281	288	286	266	279
Retained earnings	345	391	354	185	149	92.1	97.2	138	171	71.6
Other comprehensive income	-27.8	-26.1	0
Shareholders' equity	461	541	552	412	405	373	384	422	437	351
Total equity	461	541	552	412	405	373	384	422	437	351
Total liabilities and equity	801	841	855	1,030	954	1,218	1,117	1,056	1,008	1,054
Shares outstanding	8.78	9.12	9.28	7.81	6.81	6.35	6.23	5.94	5.37	4.66

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	73.6	53.7	37.2	28.2	88.3	53.9	21.2	77	89.2	34.6
Depreciation and amortization	6.92	7.34	6.61	6.8	6.54	6.25	6.24	6.67	6.33	5.8
Stock-based compensation	4.81	5.43	17.6	29	19.3	17.6	9.05	-1.68	-19.7
Deferred income tax	-0.89	8.79	-3.66	0.57	5.65	-14.8	-2.1	10.6	-2.52	-7.09
Change in payables	-0.9	8.57	5.88	19.9	-18.3	17	-7.48	3.11	-12.1	-5.54
Cash from operations	219	218	245	281	227	272	292	266	254	259
Capital expenditures	-6.81	-9.17	-9.81	-11.3	-11.7	-6.07	-5.83	-5.93	-3.68	-3.88
Acquisitions						-10.9	-23.1	-1.98	-18.9	0
Cash from investing	-132	-170	-207	-279	-82	-452	-181	-135	-153	-233
Debt issued	275	295	364	541	311	515	314	306	417
Debt repaid	-354	-345	-357	-342	-357	-523	-403	-390	-378
Stock issued	1.16	25.3	6	4.61	12.3	12.8	0.65	2.87	2.36	2.74
Share buybacks	-5	-4.61	-74.5	-197	-102	-111	-14.3	-36.2	-54.2	-132
Cash from financing	-84.2	-31.5	-63.1	0.39	-141	183	-114	-135	-104	-6.83
Exchange rate effect	-0.78	0.13	2.67	0	0
Net change in cash	2.82	16.9	-22.8	2.28	4.13	3.49	-2.73	-4.67	-2.11	19.6
Free cash flow	213	209	235	270	215	266	286	260	250	255
Interest paid	19.3	17.7	16.8	23.9	25	21.3	51.8	48.8	44.7	47.4
Income taxes paid	38	38.7	23.3	15.7	14.9	30.9	10.8	13.6	15.3	14.8

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $171.99 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	8.7%	Pre-tax income / revenue.
Net margin	6.6%	Net income / revenue.
FCF margin	44.2%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	44.9%	Cash from operations / revenue.
Effective tax rate	23.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	10.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.6%	Net income / average total assets.
Capex / revenue	0.7%	Capital expenditures / revenue.
D&A / revenue	1.0%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	3.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-1.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	2.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-61.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	17.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-17.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-57.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	24.1%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-12.3%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	2.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-3.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	2.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	2.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-3.7%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	3.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-19.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-2.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-2.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	4.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-1.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	2.0%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-8.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-5.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-5.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	1.58x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	53.1%	Total debt / total assets.
Liabilities / assets	66.4%	Total liabilities / total assets.
Net debt	$562.4M	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	1.0%	(Goodwill + intangible assets) / total assets.
Tangible book value	$351.4M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.55x	Revenue / average total assets.
Fixed asset turnover	34.4x	Revenue / average property, plant and equipment.
FCF conversion	668.5%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	1.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$8.31	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$129.14	Revenue / diluted weighted shares.
FCF per share	$57.07	Free cash flow / diluted weighted shares.
Operating cash flow per share	$57.97	Cash from operations / diluted weighted shares.
Book value per share	$77.74	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$75.42	Tangible book value / shares outstanding.
Cash per share	$2.24	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	46.5%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$802.0M	Share price x shares outstanding.
Enterprise value	$1.36B	Market cap + total debt - cash - short-term investments.
P/E	20.5x	Market cap / net income. Only when net income is positive.
P/S	1.36x	Market cap / revenue.
P/B	2.21x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.28x	Market cap / tangible book value, when positive.
P/FCF	3.07x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	3.02x	Market cap / cash from operations, when positive.
EV/Sales	2.31x	Enterprise value / revenue.
EV/FCF	5.22x	Enterprise value / free cash flow, when both are positive.
FCF yield	32.6%	Free cash flow / market cap.
Earnings yield	4.9%	Net income / market cap (the inverse of P/E).
Shareholder yield	15.2%	(Dividends paid + share buybacks) / market cap.
PEG	0.85x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was WORLD ACCEPTANCE CORP's revenue in fiscal 2026?

WORLD ACCEPTANCE CORP reported revenue of $585.2M for fiscal 2026, 3.7% higher than the year before.

Was WORLD ACCEPTANCE CORP profitable in fiscal 2026?

Yes. Net income was $34.6M, a net margin of 5.9%.

How much free cash flow did WORLD ACCEPTANCE CORP generate in fiscal 2026?

Cash from operations of $259.4M minus capital expenditures of $3.9M left free cash flow of $255.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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