OneMain Holdings, Inc. Q3 2026 Earnings Recap

OneMain shares fell 4.7% after earnings, suggesting investors focused on the company’s still-elevated credit losses despite improving delinquencies. Management expects lower year-over-year consumer loan losses in 2027, but the call did not provide a more immediate improvement timeline.

Key Takeaways

• Receivables reached $28 billion, up 9% year over year; consumer loan receivables grew 7%.
• Consumer loan 30–89-day delinquencies declined 12 basis points year over year, while 90-plus delinquencies fell 9 basis points.
• Consumer loan net charge-offs were 6.9%; management said it expects lower year-over-year consumer loan losses in 2027.
• Capital generation was $284 million, up 4% year over year.
• Auto finance receivables rose 16% to $3.2 billion, and credit card receivables reached $1.4 billion across 1.5 million customer accounts.