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Credit Acceptance (CACC) Financials

Credit Acceptance logo
$572.79 +24.64 (+4.50%)
Closing price 06/15/2026 04:00 PM Eastern
Extended Trading
$572.82 +0.03 (+0.01%)
As of 06/15/2026 04:15 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Credit Acceptance

Annual Income Statements for Credit Acceptance

This table shows Credit Acceptance's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 300 333 470 574 656 421 958 536 286 248 424
Consolidated Net Income / (Loss)		 300 333 470 574 656 421 958 536 286 248 424
Net Income / (Loss) Continuing Operations		 300 333 470 574 656 421 958 536 286 248 424
Total Pre-Tax Income 		475 531 584 755 856 550 1,261 712 368 330 565
Total Revenue		 825 969 990 1,286 1,293 1,662 1,692 1,666 1,635 1,743 1,854
Net Interest Income / (Expense)		 0.00 0.00 -120 0.00 -196 0.00 -164 -167 -267 -420 -463
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 120 0.00 196 0.00 164 167 267 420 463
Long-Term Debt Interest Expense		 - - 120 - 196 - 164 167 267 420 463
Total Non-Interest Income		 825 969 1,110 1,286 1,489 1,662 1,856 1,832 1,902 2,162 2,317
Service Charges on Deposit Accounts		 731 874 1,012 1,177 1,369 1,562 1,743 1,686 1,755 1,993 2,142
Other Service Charges		 47 52 57 62 69 50 53 83 67 74 80
Premiums Earned		 48 43 41 47 51 57 60 63 80 96 96
Provision for Credit Losses		 - - 129 - 76 - 8.40 481 736 815 616
Total Non-Interest Expense		 351 438 277 531 361 1,112 423 473 532 599 673
Salaries and Employee Benefits		 116 127 140 168 193 187 218 262 280 309 337
Marketing Expense		 46 49 58 68 70 70 65 76 92 94 101
Property & Liability Insurance Claims		 33 26 23 26 30 38 39 46 71 74 72
Other Operating Expenses		 155 236 56 212 65 262 100 89 87 122 161
Other Special Charges		 - - - 57 1.80 557 0.00 0.00 1.80 0.00 1.20
Income Tax Expense		 175 198 114 181 200 129 303 176 82 82 142
Basic Earnings per Share		 $14.35 $16.37 $24.12 $29.52 $34.71 $23.57 $59.57 $39.50 $22.09 $20.12 $37.02
Weighted Average Basic Shares Outstanding		 20.89M 20.33M 19.50M 19.45M 18.90M 17.86M 16.09M 13.56M 12.95M 12.32M 11.45M
Diluted Earnings per Share		 $14.28 $16.31 $24.04 $29.39 $34.57 $23.47 $59.52 $39.32 $21.99 $19.88 $36.38
Weighted Average Diluted Shares Outstanding		 20.98M 20.41M 19.56M 19.53M 18.98M 17.94M 16.10M 13.63M 13.01M 12.47M 11.65M
Weighted Average Basic & Diluted Shares Outstanding		 20.90M 20.30M 19.50M 19.40M 18.15M 16.82M 14.11M 12.83M 12.30M 12.03M 10.75M

Quarterly Income Statements for Credit Acceptance

This table shows Credit Acceptance's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 71 94 64 -47 79 152 106 87 108 122 136
Consolidated Net Income / (Loss)		 71 94 64 -47 79 152 106 87 108 122 136
Net Income / (Loss) Continuing Operations		 71 94 64 -47 79 152 106 87 108 122 136
Total Pre-Tax Income 		97 116 86 -55 107 192 142 118 149 157 175
Total Revenue		 408 413 416 410 439 898 456 466 466 466 472
Net Interest Income / (Expense)		 -71 -79 -93 -105 -111 308 -115 -118 -116 -114 -108
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 71 79 93 105 111 -308 115 118 116 114 108
Long-Term Debt Interest Expense		 71 79 93 105 111 - 115 118 116 114 108
Total Non-Interest Income		 479 492 508 515 550 590 571 584 582 580 580
Service Charges on Deposit Accounts		 442 - 469 498 508 518 527 541 539 535 538
Other Service Charges		 16 18 17 16 18 23 21 19 19 21 18
Net Realized & Unrealized Capital Gains on Investments		 0.00 - - -24 0.00 - 0.00 0.00 0.00 - 0.00
Premiums Earned		 21 22 22 24 25 25 24 24 24 24 23
Provision for Credit Losses		 185 164 186 321 185 123 162 173 152 130 140
Total Non-Interest Expense		 127 133 143 145 148 583 153 175 165 180 157
Salaries and Employee Benefits		 67 66 79 76 77 78 89 84 86 79 89
Marketing Expense		 23 21 24 25 23 22 25 27 25 25 28
Property & Liability Insurance Claims		 17 17 17 20 19 18 16 20 19 17 16
Other Operating Expenses		 21 27 24 23 29 465 22 45 36 58 25
Other Special Charges		 - - 0.00 0.00 0.00 - 1.20 0.00 0.00 - 0.00
Income Tax Expense		 26 23 22 -8.20 28 40 35 30 41 35 39
Basic Earnings per Share		 $5.47 $7.30 $5.15 ($3.83) $6.42 $12.38 $8.79 $7.55 $9.62 $11.06 $12.64
Weighted Average Basic Shares Outstanding		 12.93M 12.95M 12.48M 12.28M 12.27M 12.32M 12.09M 11.57M 11.25M 11.45M 10.74M
Diluted Earnings per Share		 $5.43 $7.26 $5.08 ($3.83) $6.35 $12.28 $8.66 $7.42 $9.43 $10.87 $12.40
Weighted Average Diluted Shares Outstanding		 13.04M 13.01M 12.65M 12.28M 12.42M 12.47M 12.28M 11.77M 11.47M 11.65M 10.95M
Weighted Average Basic & Diluted Shares Outstanding		 12.57M 12.30M 12.11M 12.11M 12.11M 12.03M 11.60M 11.24M 11.03M 10.75M 10.46M

Annual Cash Flow Statements for Credit Acceptance

This table details how cash moves in and out of Credit Acceptance's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -0.10 66 25 66 188 -122 38 -17 53 374 -344
Net Cash From Operating Activities		 404 507 566 704 812 985 1,069 1,239 1,204 1,138 1,055
Net Cash From Continuing Operating Activities		 404 507 566 704 812 985 1,069 1,239 1,204 1,138 1,055
Net Income / (Loss) Continuing Operations		 300 333 470 574 656 421 958 536 286 248 424
Consolidated Net Income / (Loss)		 300 333 470 574 656 421 958 536 286 248 424
Provision For Loan Losses		 42 90 129 57 76 557 8.40 481 736 815 616
Depreciation Expense		 5.70 6.10 6.00 5.40 7.30 8.80 9.70 9.00 8.90 6.70 3.60
Amortization Expense		 8.50 9.20 10 14 15 15 17 17 18 21 23
Non-Cash Adjustments to Reconcile Net Income		 13 7.50 16 10 9.20 13 24 37 42 70 52
Changes in Operating Assets and Liabilities, net		 36 61 -65 43 48 -29 52 159 113 -22 -64
Net Cash From Investing Activities		 -640 -878 -872 -1,238 -1,024 -674 437 -461 -1,417 -1,721 -674
Net Cash From Continuing Investing Activities		 -640 -878 -872 -1,238 -1,024 -674 437 -461 -1,417 -1,721 -674
Purchase of Property, Leasehold Improvements and Equipment		 -4.00 -5.50 -8.40 -25 -27 -8.50 -7.60 -3.10 -4.00 -1.80 -1.60
Purchase of Investment Securities		 -406 -793 -939 -1,225 -1,388 -1,477 -1,148 -1,145 -1,257 -1,099 -1,135
Sale and/or Maturity of Investments		 1,778 1,998 2,223 2,608 3,012 3,208 3,849 3,449 3,061 49 46
Other Investing Activities, net		 -2,008 -2,077 -2,147 -2,596 -2,622 -2,396 -2,257 -2,761 -3,217 -670 416
Net Cash From Financing Activities		 235 437 330 600 400 -433 -1,469 -795 266 957 -725
Net Cash From Continuing Financing Activities		 235 437 330 600 400 -433 -1,469 -795 266 957 -725
Issuance of Debt		 3,152 3,785 5,892 4,959 7,043 8,176 3,393 8,165 10,794 9,745 4,023
Issuance of Common Equity		 - - - - - 0.00 12 15 5.20 16 24
Repayment of Debt		 -2,831 -3,258 -5,435 -4,230 -6,342 -8,128 -3,401 -8,206 -10,337 -8,473 -4,047
Repurchase of Common Equity		 -87 -122 -124 -129 -300 -481 -1,472 -785 -203 -313 -725
Other Financing Activities, Net		 0.70 32 -2.50 - -0.60 -0.80 -0.80 16 6.40 -17 1.00
Cash Interest Paid		 62 88 109 141 176 192 149 147 242 393 438
Cash Income Taxes Paid		 147 111 175 169 172 142 213 73 32 104 279

Quarterly Cash Flow Statements for Credit Acceptance

This table details how cash moves in and out of Credit Acceptance's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 26 33 97 -50 199 129 276 -557 -65 1.90 51
Net Cash From Operating Activities		 313 311 310 204 318 306 346 140 299 269 347
Net Cash From Continuing Operating Activities		 313 311 310 204 318 306 346 140 299 269 347
Net Income / (Loss) Continuing Operations		 71 94 64 -47 79 152 106 87 108 122 136
Consolidated Net Income / (Loss)		 71 94 64 -47 79 152 106 87 108 122 136
Provision For Loan Losses		 185 164 186 321 185 123 162 173 152 130 140
Depreciation Expense		 2.20 2.30 2.20 2.00 1.30 1.20 1.20 0.90 0.80 0.70 0.70
Amortization Expense		 4.90 4.40 4.90 4.90 5.60 5.70 5.70 5.90 6.00 5.40 5.20
Non-Cash Adjustments to Reconcile Net Income		 23 -23 43 23 24 -20 16 -2.30 4.10 34 14
Changes in Operating Assets and Liabilities, net		 28 70 9.40 -99 23 44 55 -125 28 -22 52
Net Cash From Investing Activities		 -360 -345 -584 -526 -424 -187 -292 -194 -128 -61 -192
Net Cash From Continuing Investing Activities		 -360 -345 -584 -526 -424 -187 -292 -194 -128 -61 -192
Purchase of Property, Leasehold Improvements and Equipment		 0.10 -1.70 -0.30 -0.40 -0.40 -0.70 -0.30 -0.30 -0.60 -0.40 -1.30
Purchase of Investment Securities		 -304 -252 -329 -291 -265 -214 -287 -325 -285 -238 -350
Sale and/or Maturity of Investments		 -1,585 3,041 835 799 -1,598 3,222 900 1,767 862 -2,593 946
Other Investing Activities, net		 1,529 -3,132 -1,089 -1,034 1,439 -3,195 -904 -1,636 -704 2,770 -787
Net Cash From Financing Activities		 73 66 371 272 305 9.70 221 -502 -237 -207 -104
Net Cash From Continuing Financing Activities		 73 66 371 272 305 9.70 221 -502 -237 -207 -104
Issuance of Debt		 2,823 3,261 3,105 3,651 2,098 892 1,160 32 809 2,023 1,930
Issuance of Common Equity		 0.30 0.80 15 - - 1.00 5.60 5.50 11 1.50 23
Repayment of Debt		 -2,633 -3,140 -2,565 -3,314 -1,801 -793 -814 -273 -916 -2,043 -1,880
Repurchase of Common Equity		 -126 -54 -191 -61 - -61 -164 -262 -107 -191 -179
Other Financing Activities, Net		 9.10 -1.70 7.60 -4.10 8.00 -29 34 -4.20 -33 3.60 2.00
Cash Interest Paid		 65 69 78 105 97 113 100 118 106 115 98
Cash Income Taxes Paid		 1.40 12 5.20 96 0.80 1.70 6.50 177 49 47 0.30

Annual Balance Sheets for Credit Acceptance

This table presents Credit Acceptance's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 3,373 4,218 4,986 6,237 7,423 7,489 7,051 6,905 7,610 8,855 8,632
Cash and Due from Banks		 6.30 15 8.20 26 187 16 23 7.70 13 344 23
Restricted Cash		 216 270 302 362 390 380 411 410 458 501 478
Trading Account Securities		 - - - - - 66 62 72 93 106 106
Loans and Leases, Net of Allowance		 3,102 3,887 4,620 5,763 6,685 6,788 6,336 6,298 -3,065 -3,439 -3,602
Allowance for Loan and Lease Losses		 244 320 429 462 536 3,337 3,014 2,868 3,065 3,439 3,602
Premises and Equipment, Net		 19 18 21 40 60 59 57 51 47 15 13
Other Assets		 30 29 36 46 101 179 161 66 10,064 11,327 11,615
Total Liabilities & Shareholders' Equity		 3,373 4,218 4,986 6,237 7,423 7,489 7,051 6,905 7,610 8,855 8,632
Total Liabilities		 2,445 3,044 3,450 4,247 5,068 5,187 5,227 5,281 5,857 7,105 7,108
Short-Term Debt		 58 0.00 14 184 11 96 2.60 40 88 0.10 107
Long-Term Debt		 2,010 2,604 3,057 3,637 4,528 4,513 4,614 4,551 4,980 6,353 6,247
Other Long-Term Liabilities		 249 297 227 239 323 578 610 429 470 436 754
Commitments & Contingencies		 - - - - - - - - - - 0.00
Total Equity & Noncontrolling Interests		 928 1,174 1,536 1,991 2,355 2,303 1,824 1,624 1,754 1,750 1,524
Total Preferred & Common Equity		 928 1,174 1,536 1,991 2,355 2,303 1,824 1,624 1,754 1,750 1,524
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 928 1,174 1,536 1,991 2,355 2,303 1,824 1,624 1,754 1,750 1,524
Common Stock		 101 132 146 155 158 162 197 246 279 335 403
Retained Earnings		 827 1,042 1,390 1,836 2,197 2,139 1,627 1,381 1,476 1,415 1,119
Accumulated Other Comprehensive Income / (Loss)		 -0.10 -0.20 -0.20 -0.30 0.80 1.60 0.20 -2.90 -1.00 -0.30 1.00

Quarterly Balance Sheets for Credit Acceptance

This table presents Credit Acceptance's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 6,892 7,155 7,206 7,397 8,097 8,255 8,683 9,258 8,725 8,641 8,695
Cash and Due from Banks		 11 8.10 3.20 3.10 8.40 8.30 160 529 70 16 26
Restricted Cash		 385 480 409 435 559 509 557 592 494 483 526
Trading Account Securities		 68 76 81 86 100 106 114 109 107 109 109
Loans and Leases, Net of Allowance		 6,312 6,500 6,610 6,781 7,346 7,548 -3,416 -3,499 -3,561 -3,588 -3,622
Allowance for Loan and Lease Losses		 2,875 2,884 2,989 3,032 3,138 3,337 3,416 3,499 3,561 3,588 3,622
Premises and Equipment, Net		 52 50 49 47 45 16 15 14 13 13 13
Other Assets		 65 40 52 45 39 68 11,254 11,513 11,602 11,608 11,643
Total Liabilities & Shareholders' Equity		 6,892 7,155 7,206 7,397 8,097 8,255 8,683 9,258 8,725 8,641 8,695
Total Liabilities		 5,303 5,432 5,459 5,696 6,445 6,701 7,037 7,547 7,170 7,062 7,181
Short-Term Debt		 198 154 178 111 178 84 1.00 1.40 1.50 149 220
Long-Term Debt		 4,428 4,567 4,569 4,830 5,434 5,862 6,248 6,704 6,470 6,220 6,189
Other Long-Term Liabilities		 677 711 712 755 833 754 788 842 699 693 772
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,589 1,723 1,747 1,701 1,652 1,555 1,647 1,711 1,555 1,579 1,514
Total Preferred & Common Equity		 1,589 1,723 1,747 1,701 1,652 1,555 1,647 1,711 1,555 1,579 1,514
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,589 1,723 1,747 1,701 1,652 1,555 1,647 1,711 1,555 1,579 1,514
Common Stock		 236 252 262 271 304 314 325 352 369 392 430
Retained Earnings		 1,357 1,473 1,488 1,432 1,350 1,242 1,321 1,359 1,184 1,185 1,084
Accumulated Other Comprehensive Income / (Loss)		 -3.40 -2.10 -2.70 -2.90 -1.20 -1.20 0.90 0.60 1.00 1.10 0.30

Annual Metrics And Ratios for Credit Acceptance

This table displays calculated financial ratios and metrics derived from Credit Acceptance's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $14.35 $16.37 $24.12 $29.52 $34.71 $23.57 $59.57 $39.50 $22.09 $20.12 $37.02
Adjusted Weighted Average Basic Shares Outstanding		 20.89M 20.33M 19.50M 19.45M 18.90M 17.86M 16.09M 13.56M 12.95M 12.32M 11.45M
Adjusted Diluted Earnings per Share		 $14.28 $16.31 $24.04 $29.39 $34.57 $23.47 $59.52 $39.32 $21.99 $19.88 $36.38
Adjusted Weighted Average Diluted Shares Outstanding		 20.98M 20.41M 19.56M 19.53M 18.98M 17.94M 16.10M 13.63M 13.01M 12.47M 11.65M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $34.71 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 20.13M 19.88M 19.31M 18.78M 18.15M 16.82M 14.11M 12.83M 12.30M 12.03M 10.75M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Credit Acceptance

This table displays calculated financial ratios and metrics derived from Credit Acceptance's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 10,747,682.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 10,747,682.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 12.64
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -2.49% 10.64% 4.03% -1.23% 7.60% 117.49% 9.84% 13.59% 6.15% - 3.33%
EBITDA Growth		 -19.25% -61.88% -29.80% -241.11% 9.46% 61.49% 58.93% 357.44% 37.30% - 21.74%
EBIT Growth		 -20.97% -63.23% -31.86% -298.21% 10.36% 64.86% 64.00% 313.02% 39.81% - 23.50%
NOPAT Growth		 -18.43% -26.47% -35.38% -274.37% 11.30% 62.29% 65.32% 325.78% 37.31% - 27.75%
Net Income Growth		 -18.43% -26.47% -35.38% -312.16% 11.30% 62.29% 65.32% 285.56% 37.31% - 27.75%
EPS Growth		 -16.33% -27.04% -33.25% -326.63% 16.94% 69.15% 70.47% 293.73% 48.50% - 43.19%
Operating Cash Flow Growth		 -3.95% 8.51% 4.55% -27.84% 1.37% -1.61% 11.68% -31.52% -5.76% - 0.17%
Free Cash Flow Firm Growth		 -182.25% -245.26% -3,355.60% -557.83% -230.21% -120.20% -38.50% 58.25% 104.77% - 160.15%
Invested Capital Growth		 6.86% 9.76% 12.72% 15.52% 18.88% 18.78% 15.87% 6.99% 0.66% - -5.86%
Revenue Q/Q Growth		 -1.69% 1.15% 0.65% -1.32% 7.10% 104.46% -49.16% 2.04% 0.09% - 1.18%
EBITDA Q/Q Growth		 202.04% 18.82% -24.05% -151.76% 334.30% 75.31% -25.25% -16.15% 24.96% - 10.91%
EBIT Q/Q Growth		 245.88% 20.62% -25.77% -164.00% 292.59% 80.19% -26.16% -16.87% 26.40% - 11.47%
NOPAT Q/Q Growth		 218.92% 32.20% -31.30% -160.20% 303.57% 92.77% -30.02% -17.78% 23.80% - 11.31%
Net Income Q/Q Growth		 218.92% 32.20% -31.30% -173.25% 267.30% 92.77% -30.02% -17.78% 23.80% - 11.31%
EPS Q/Q Growth		 221.30% 33.70% -30.03% -175.39% 265.80% 93.39% -29.48% -14.32% 27.09% - 14.08%
Operating Cash Flow Q/Q Growth		 10.86% -0.70% -0.39% -34.19% 55.74% -3.62% 13.06% -59.65% 114.32% - 28.78%
Free Cash Flow Firm Q/Q Growth		 -123.63% -44.15% -47.26% -38.57% -12.26% 3.87% 7.38% 58.23% 112.81% - 81.33%
Invested Capital Q/Q Growth		 2.28% 2.70% 6.49% 3.27% 5.25% 2.62% 3.87% -4.64% -0.98% - 0.57%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 25.39% 29.82% 22.50% -11.80% 25.83% 22.14% 32.56% 26.76% 33.40% - 38.36%
EBIT Margin		 23.65% 28.20% 20.79% -13.49% 24.25% 21.37% 31.05% 25.30% 31.95% - 37.11%
Profit (Net Income) Margin		 17.35% 22.67% 15.48% -11.49% 17.95% 16.92% 23.29% 18.77% 23.21% - 28.80%
Tax Burden Percent		 73.37% 80.41% 74.42% 85.17% 73.99% 79.16% 75.02% 74.19% 72.67% - 77.60%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 26.63% 19.59% 25.58% 0.00% 26.01% 20.84% 24.98% 25.81% 27.33% - 22.40%
Return on Invested Capital (ROIC)		 4.31% 5.69% 3.73% -2.22% 4.14% 4.90% 6.55% 5.46% 6.70% - 6.59%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.31% 5.69% 3.73% -2.38% 4.14% 4.90% 6.55% 5.46% 6.70% - 6.59%
Return on Net Nonoperating Assets (RNNOA)		 12.52% 16.27% 11.41% -7.70% 13.84% 15.98% 23.97% 21.81% 26.21% - 26.80%
Return on Equity (ROE)		 16.83% 21.96% 15.14% -9.92% 17.99% 20.89% 30.52% 27.27% 32.91% - 33.39%
Cash Return on Invested Capital (CROIC)		 -1.66% -4.92% -8.30% -11.81% -14.64% -13.85% -11.00% -1.29% 5.07% - 11.59%
Operating Return on Assets (OROA)		 5.28% 6.35% 4.50% -2.87% 5.06% 5.61% 7.88% 6.73% 8.43% - 7.73%
Return on Assets (ROA)		 3.87% 5.11% 3.35% -2.45% 3.74% 4.44% 5.91% 4.99% 6.13% - 6.00%
Return on Common Equity (ROCE)		 16.83% 21.96% 15.14% -9.92% 17.99% 20.89% 30.52% 27.27% 32.91% - 33.39%
Return on Equity Simple (ROE_SIMPLE)		 18.80% 0.00% 15.19% 11.68% 11.52% 0.00% 16.94% 27.30% 28.75% - 29.95%
Net Operating Profit after Tax (NOPAT)		 71 94 64 -39 79 152 106 87 108 - 136
NOPAT Margin		 17.35% 22.67% 15.48% -9.44% 17.95% 16.92% 23.29% 18.77% 23.21% - 28.80%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.16% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 21.86% 21.05% 24.65% 24.68% 22.87% 11.09% 24.85% 23.68% 23.66% - 24.68%
Operating Expenses to Revenue		 31.12% 32.15% 34.44% 35.29% 33.68% 64.88% 33.48% 37.64% 35.44% - 33.29%
Earnings before Interest and Taxes (EBIT)		 97 116 86 -55 107 192 142 118 149 - 175
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 104 123 94 -48 113 199 149 125 156 - 181
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.47 3.82 4.20 4.01 3.26 3.25 3.63 3.80 3.32 - 3.01
Price to Tangible Book Value (P/TBV)		 3.47 3.82 4.20 4.01 3.26 3.25 3.63 3.80 3.32 - 3.01
Price to Revenue (P/Rev)		 3.70 4.09 4.20 3.79 3.20 2.63 2.82 2.62 2.30 - 2.43
Price to Earnings (P/E)		 18.45 23.40 27.63 34.32 28.32 22.94 21.43 13.93 11.56 - 10.04
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield		 5.42% 4.27% 3.62% 2.91% 3.53% 4.36% 4.67% 7.18% 8.65% - 9.96%
Enterprise Value to Invested Capital (EV/IC)		 1.57 1.66 1.65 1.55 1.38 1.38 1.40 1.47 1.40 - 1.31
Enterprise Value to Revenue (EV/Rev)		 6.52 6.90 7.25 7.08 6.50 5.18 5.35 5.23 4.86 - 5.57
Enterprise Value to EBITDA (EV/EBITDA)		 8.92 28.64 33.78 42.91 38.72 31.33 28.61 20.19 17.71 - 16.67
Enterprise Value to EBIT (EV/EBIT)		 9.12 30.72 36.60 47.80 42.92 33.97 30.66 21.18 18.52 - 17.39
Enterprise Value to NOPAT (EV/NOPAT)		 32.53 39.47 47.73 64.22 57.50 45.16 40.69 27.85 24.50 - 22.96
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.82 9.38 9.84 10.24 9.54 9.84 10.05 10.65 10.19 - 9.86
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 27.68 - 10.99
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.90 2.89 3.40 3.82 3.80 3.63 3.92 4.16 4.03 - 4.23
Long-Term Debt to Equity		 2.84 2.84 3.29 3.77 3.79 3.63 3.92 4.16 3.94 - 4.09
Financial Leverage		 2.91 2.86 3.06 3.24 3.34 3.26 3.66 3.99 3.91 - 4.07
Leverage Ratio		 4.34 4.30 4.52 4.68 4.80 4.70 5.16 5.46 5.37 - 5.57
Compound Leverage Factor		 4.34 4.30 4.52 4.68 4.80 4.70 5.16 5.46 5.37 - 5.57
Debt to Total Capital		 74.39% 74.29% 77.25% 79.27% 79.15% 78.41% 79.67% 80.63% 80.14% - 80.89%
Short-Term Debt to Total Capital		 1.67% 1.28% 2.45% 1.12% 0.01% 0.00% 0.02% 0.02% 1.87% - 2.77%
Long-Term Debt to Total Capital		 72.73% 73.01% 74.81% 78.15% 79.13% 78.41% 79.65% 80.61% 78.27% - 78.12%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 25.61% 25.71% 22.75% 20.73% 20.85% 21.59% 20.33% 19.37% 19.86% - 19.11%
Debt to EBITDA		 4.24 12.86 15.83 21.88 22.19 17.78 16.26 11.05 10.15 - 10.27
Net Debt to EBITDA		 3.86 11.66 14.23 19.97 19.65 15.42 13.54 10.09 9.35 - 9.38
Long-Term Debt to EBITDA		 4.14 12.63 15.33 21.57 22.19 17.78 16.26 11.05 9.91 - 9.91
Debt to NOPAT		 15.45 17.71 22.37 32.75 32.96 25.63 23.13 15.25 14.03 - 14.13
Net Debt to NOPAT		 14.08 16.07 20.10 29.90 29.18 22.22 19.26 13.92 12.94 - 12.92
Long-Term Debt to NOPAT		 15.10 17.41 21.66 32.28 32.95 25.63 23.12 15.24 13.71 - 13.65
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -356 -513 -755 -1,047 -1,175 -1,129 -1,046 -437 56 - 629
Operating Cash Flow to CapEx		 0.00% 18,305.88% 103,333.33% 51,000.00% 79,425.00% 43,742.86% 115,400.00% 46,566.67% 49,900.00% - 26,676.92%
Free Cash Flow to Firm to Interest Expense		 -5.05 -6.51 -8.17 -10.02 -10.57 0.00 -9.12 -3.70 0.48 - 5.80
Operating Cash Flow to Interest Expense		 4.45 3.95 3.35 1.95 2.86 0.00 3.02 1.18 2.57 - 3.20
Operating Cash Flow Less CapEx to Interest Expense		 4.45 3.93 3.35 1.95 2.85 0.00 3.02 1.18 2.57 - 3.19
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.22 0.23 0.22 0.21 0.21 0.26 0.25 0.27 0.26 - 0.21
Fixed Asset Turnover		 32.07 33.41 34.88 50.27 53.85 70.67 75.58 154.20 162.70 - 139.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,642 6,821 7,264 7,502 7,895 8,103 8,416 8,026 7,948 - 7,923
Invested Capital Turnover		 0.25 0.25 0.24 0.24 0.23 0.29 0.28 0.29 0.29 - 0.23
Increase / (Decrease) in Invested Capital		 427 607 820 1,008 1,254 1,281 1,152 524 52 - -493
Enterprise Value (EV)		 10,402 11,291 11,975 11,662 10,903 11,194 11,797 11,819 11,117 - 10,408
Market Capitalization		 5,900 6,695 6,931 6,233 5,370 5,686 6,213 5,911 5,247 - 4,551
Book Value per Share		 $132.65 $139.55 $132.38 $128.39 $135.95 $144.45 $142.20 $133.99 $140.47 - $140.88
Tangible Book Value per Share		 $132.65 $139.55 $132.38 $128.39 $135.95 $144.45 $142.20 $133.99 $140.47 - $140.88
Total Capital		 6,642 6,821 7,264 7,502 7,895 8,103 8,416 8,026 7,948 - 7,923
Total Debt		 4,941 5,068 5,612 5,947 6,249 6,353 6,705 6,471 6,369 - 6,409
Total Long-Term Debt		 4,830 4,980 5,434 5,862 6,248 6,353 6,704 6,470 6,220 - 6,189
Net Debt		 4,503 4,597 5,044 5,429 5,533 5,508 5,585 5,907 5,870 - 5,857
Capital Expenditures (CapEx)		 -0.10 1.70 0.30 0.40 0.40 0.70 0.30 0.30 0.60 - 1.30
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 8.39 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 4,941 5,068 5,612 5,947 6,249 6,353 6,705 6,471 6,369 - 6,409
Total Depreciation and Amortization (D&A)		 7.10 6.70 7.10 6.90 6.90 6.90 6.90 6.80 6.80 - 5.90
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $5.47 $7.30 $5.15 ($3.83) $6.42 $12.38 $8.79 $7.55 $9.62 $11.06 $12.64
Adjusted Weighted Average Basic Shares Outstanding		 12.93M 12.95M 12.48M 12.28M 12.27M 12.32M 12.09M 11.57M 11.25M 11.45M 10.74M
Adjusted Diluted Earnings per Share		 $5.43 $7.26 $5.08 ($3.83) $6.35 $12.28 $8.66 $7.42 $9.43 $10.87 $12.40
Adjusted Weighted Average Diluted Shares Outstanding		 13.04M 13.01M 12.65M 12.28M 12.42M 12.47M 12.28M 11.77M 11.47M 11.65M 10.95M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 12.57M 12.30M 12.11M 12.11M 12.11M 12.03M 11.60M 11.24M 11.03M 10.75M 10.46M
Normalized Net Operating Profit after Tax (NOPAT)		 71 94 64 -39 79 152 107 87 108 - 136
Normalized NOPAT Margin		 17.35% 22.67% 15.48% -9.44% 17.95% 16.92% 23.49% 18.77% 23.21% - 28.80%
Pre Tax Income Margin		 23.65% 28.20% 20.79% -13.49% 24.25% 21.37% 31.05% 25.30% 31.95% - 37.11%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.37 1.48 0.93 -0.53 0.96 0.00 1.24 1.00 1.28 - 1.61
NOPAT to Interest Expense		 1.00 1.19 0.70 -0.37 0.71 0.00 0.93 0.74 0.93 - 1.25
EBIT Less CapEx to Interest Expense		 1.37 1.46 0.93 -0.53 0.95 0.00 1.23 0.99 1.28 - 1.60
NOPAT Less CapEx to Interest Expense		 1.01 1.17 0.69 -0.37 0.71 0.00 0.92 0.74 0.93 - 1.24
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Augmented Payout Ratio		 79.52% 70.81% 150.98% 237.78% 161.13% 126.38% 98.86% 114.99% 131.20% - 163.19%

Financials Breakdown Chart

Key Financial Trends

Credit Acceptance’s latest quarter showed continued earnings strength, but with a notable shift in balance-sheet mix and a more mixed cash-flow picture. For Q1 2026, the company posted net income of $135.8 million, up from $122.0 million in Q4 2025 and $106.3 million in Q1 2025. Earnings per share also improved, with diluted EPS of $12.40 versus $10.87 in the prior quarter and $8.66 a year ago.

Operating performance remains solid overall. Q1 2026 operating cash flow was $346.8 million, higher than $269.3 million in Q4 2025 and $346.2 million in Q1 2025. Pre-tax income rose to $175.0 million from $157.0 million in Q4 2025, while total revenue increased to $471.6 million from $466.1 million.

  • Profitability improved year over year: Q1 2026 net income of $135.8 million exceeded Q1 2025’s $106.3 million.
  • EPS rose meaningfully: diluted EPS increased to $12.40 from $8.66 a year earlier.
  • Operating cash flow strengthened: Q1 2026 operating cash flow reached $346.8 million, above the prior quarter.
  • Revenue and pre-tax income both improved sequentially: total revenue climbed to $471.6 million and pre-tax income to $175.0 million.
  • Balance-sheet equity improved vs. recent quarters: total common equity rose to $1.51 billion from $1.58 billion in Q3 2025 and $1.55 billion in Q2 2025, though it remains below early 2025 levels.
  • The company continues to generate substantial non-interest income: Q1 2026 non-interest income was $580.0 million, reflecting the importance of fee-based and insurance-related revenue streams.
  • Debt remains a major funding source: long-term debt was $6.19 billion at quarter-end, with short-term debt at $219.6 million.
  • Loan-loss provisioning stayed elevated: provision for credit losses was $139.6 million in Q1 2026, slightly above Q4 2025 and below some earlier 2025 quarters.
  • Investing cash flow was negative: Q1 2026 investing activities used $192.1 million, reflecting continued portfolio and securities activity.
  • Net cash fell modestly despite strong operations: cash and equivalents increased only $50.7 million in Q1 2026 after a much stronger cash build in Q1 2025.

Looking at the broader trend over the last four years, Credit Acceptance has remained highly profitable and cash-generative, but its earnings can swing with credit performance, investment activity, and financing decisions. Revenue has stayed relatively stable in the $400 million to $470 million quarterly range in recent periods, while net income has moved from the low tens of millions in weaker quarters to well above $100 million in stronger ones. That suggests a business model that can produce strong returns, but not without volatility.

One important takeaway for investors: the company’s quarter-to-quarter performance is still heavily influenced by credit loss provisioning and financing costs. Even with good operating cash flow, changes in loan-loss reserves, investment gains/losses, and debt balances can materially affect reported results. Overall, the latest quarter looks constructive, but the stock still carries meaningful cyclicality and balance-sheet sensitivity.

06/16/26 01:39 AM ETAI Generated. May Contain Errors.

Credit Acceptance Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Credit Acceptance's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Credit Acceptance's net income for the last 5 years looks like this:
  • 2021: $958.30 million
  • 2022: $535.80 million
  • 2023: $286.10 million
  • 2024: $247.90 million
  • 2025: $423.90 million
See Credit Acceptance's forecast for analyst expectations on what's next for the company.

Over the last 10 years, Credit Acceptance's total revenue changed from $825.30 million in 2015 to $1.85 billion in 2025, a change of 124.7%.

Credit Acceptance's total liabilities were at $7.11 billion at the end of 2025, a 0.0% increase from 2024, and a 190.8% increase since 2015.

In the past 10 years, Credit Acceptance's cash and equivalents has ranged from $6.30 million in 2015 to $343.70 million in 2024, and is currently $22.80 million as of their latest financial filing in 2025.


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Financial statements for NASDAQ:CACC last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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