World Acceptance Corp
WRLD Nasdaq Personal Credit Institutions Financials FY2017–FY2026
Revenue
Total sales reported in the income statement.
$585M
3.7%
vs prior year
Operating margin
Operating income as a share of revenue.
—
Net income
Profit after all expenses, interest and tax.
$34.6M
61.2%
Free cash flow
Cash from operations minus capital spending.
$255M
2.0%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $8.31 EPS (TTM)
What World Acceptance Corp does
No business description yet.
- Legal name
- WORLD ACCEPTANCE CORP
- Fiscal year ends
- March 31, 2026
- Latest annual report
- 10-K · Jun 4, 2026
- Accession · CIK
- 0000108385-26-000014
0000108385
Revenue and margins
World Acceptance Corp had $585M of revenue in fiscal 2026, up 3.7% on the year before.
FY17
Revenue $491M
FY18
Revenue $503M
FY19
Revenue $545M
FY20
Revenue $590M
FY21
Revenue $528M
FY22
Revenue $585M
FY23
Revenue $617M
FY24
Revenue $573M
FY25
Revenue $564M
FY26
Revenue $585M
Q2 '24
Revenue $137M
Q3 '24
Revenue $138M
Q4 '24
Revenue $159M
Q1 '25
Revenue $130M
Q2 '25
Revenue $132M
Q3 '25
Revenue $139M
Q4 '25
Revenue $164M
Q1 '26
Revenue $133M
Q2 '26
Revenue $135M
Q3 '26
Revenue $142M
Q4 '26
Revenue $176M
Q1 '27
Revenue $139M
FY17
Gross —
Operating —
Net 15.0%
FCF 43.3%
FY18
Gross —
Operating —
Net 10.7%
FCF 41.5%
FY19
Gross —
Operating —
Net 6.8%
FCF 43.1%
FY20
Gross —
Operating —
Net 4.8%
FCF 45.7%
FY21
Gross —
Operating —
Net 16.7%
FCF 40.8%
FY22
Gross —
Operating —
Net 9.2%
FCF 45.5%
FY23
Gross —
Operating —
Net 3.4%
FCF 46.3%
FY24
Gross —
Operating —
Net 13.5%
FCF 45.4%
FY25
Gross —
Operating —
Net 15.8%
FCF 44.4%
FY26
Gross —
Operating —
Net 5.9%
FCF 43.7%
Gross
Operating
Net
FCF
Q2 '24
Gross —
Operating —
Net 11.7%
FCF 45.2%
Q3 '24
Gross —
Operating —
Net 12.1%
FCF 41.9%
Q4 '24
Gross —
Operating —
Net 22.0%
FCF 51.7%
Q1 '25
Gross —
Operating —
Net 7.8%
FCF 36.5%
Q2 '25
Gross —
Operating —
Net 17.0%
FCF 40.0%
Q3 '25
Gross —
Operating —
Net 9.8%
FCF 43.5%
Q4 '25
Gross —
Operating —
Net 26.3%
FCF 55.0%
Q1 '26
Gross —
Operating —
Net 1.2%
FCF 43.0%
Q2 '26
Gross —
Operating —
Net −1.2%
FCF 35.4%
Q3 '26
Gross —
Operating —
Net −0.4%
FCF 40.4%
Q4 '26
Gross —
Operating —
Net 20.1%
FCF 53.1%
Q1 '27
Gross —
Operating —
Net 4.4%
FCF 45.3%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2017 to 2026, diluted EPS grew −2.2% a year. Loss periods are shown in red.
FY17
Net income $73.6M
FY18
Net income $53.7M
FY19
Net income $37.2M
FY20
Net income $28.2M
FY21
Net income $88.3M
FY22
Net income $53.9M
FY23
Net income $21.2M
FY24
Net income $77.0M
FY25
Net income $89.2M
FY26
Net income $34.6M
Q2 '24
Net income $16.1M
Q3 '24
Net income $16.7M
Q4 '24
Net income $35.1M
Q1 '25
Net income $10.2M
Q2 '25
Net income $22.4M
Q3 '25
Net income $13.6M
Q4 '25
Net income $43.1M
Q1 '26
Net income $1.6M
Q2 '26
Net income −$1.7M
Q3 '26
Net income −$0.6M
Q4 '26
Net income $35.3M
Q1 '27
Net income $6.1M
FY17
Diluted EPS $8.38
FY18
Diluted EPS $5.99
FY19
Diluted EPS $4.05
FY20
Diluted EPS $3.54
FY21
Diluted EPS $13.23
FY22
Diluted EPS $8.47
FY23
Diluted EPS $3.60
FY24
Diluted EPS $13.14
FY25
Diluted EPS $16.21
FY26
Diluted EPS $6.88
Q2 '24
Diluted EPS $2.71
Q3 '24
Diluted EPS $2.84
Q4 '24
Diluted EPS $6.09
Q1 '25
Diluted EPS $1.82
Q2 '25
Diluted EPS $4.03
Q3 '25
Diluted EPS $2.49
Q4 '25
Diluted EPS $7.91
Q1 '26
Diluted EPS $0.30
Q2 '26
Diluted EPS −$0.33
Q3 '26
Diluted EPS −$0.13
Q4 '26
Diluted EPS $7.44
Q1 '27
Diluted EPS $1.33
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY17
Return on capital —
Return on equity 16.0%
Return on assets 9.2%
FY18
Return on capital —
Return on equity 10.7%
Return on assets 6.5%
FY19
Return on capital —
Return on equity 6.8%
Return on assets 4.4%
FY20
Return on capital —
Return on equity 5.8%
Return on assets 3.0%
FY21
Return on capital —
Return on equity 21.6%
Return on assets 8.9%
FY22
Return on capital —
Return on equity 13.9%
Return on assets 5.0%
FY23
Return on capital —
Return on equity 5.6%
Return on assets 1.8%
FY24
Return on capital —
Return on equity 19.1%
Return on assets 7.1%
FY25
Return on capital —
Return on equity 20.8%
Return on assets 8.6%
FY26
Return on capital —
Return on equity 8.8%
Return on assets 3.4%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $255M in fiscal 2026, 43.7% of revenue. Cash from operations minus capital spending.
FY17
Free cash flow $213M
FY18
Free cash flow $209M
FY19
Free cash flow $235M
FY20
Free cash flow $270M
FY21
Free cash flow $215M
FY22
Free cash flow $266M
FY23
Free cash flow $286M
FY24
Free cash flow $260M
FY25
Free cash flow $250M
FY26
Free cash flow $255M
Q2 '24
Free cash flow $61.8M
Q3 '24
Free cash flow $57.7M
Q4 '24
Free cash flow $82.3M
Q1 '25
Free cash flow $47.3M
Q2 '25
Free cash flow $52.7M
Q3 '25
Free cash flow $60.4M
Q4 '25
Free cash flow $90.0M
Q1 '26
Free cash flow $57.1M
Q2 '26
Free cash flow $47.7M
Q3 '26
Free cash flow $57.2M
Q4 '26
Free cash flow $93.5M
Q1 '27
Free cash flow $63.1M
FY17
Cash from operations $219M
Capital spending $6.8M
FY18
Cash from operations $218M
Capital spending $9.2M
FY19
Cash from operations $245M
Capital spending $9.8M
FY20
Cash from operations $281M
Capital spending $11.3M
FY21
Cash from operations $227M
Capital spending $11.7M
FY22
Cash from operations $272M
Capital spending $6.1M
FY23
Cash from operations $292M
Capital spending $5.8M
FY24
Cash from operations $266M
Capital spending $5.9M
FY25
Cash from operations $254M
Capital spending $3.7M
FY26
Cash from operations $259M
Capital spending $3.9M
Cash from operations
Capital spending
Q2 '24
Cash from operations $63.4M
Capital spending $1.5M
Q3 '24
Cash from operations $58.9M
Capital spending $1.2M
Q4 '24
Cash from operations $83.8M
Capital spending $1.5M
Q1 '25
Cash from operations $48.4M
Capital spending $1.1M
Q2 '25
Cash from operations $53.8M
Capital spending $1.0M
Q3 '25
Cash from operations $61.1M
Capital spending $0.7M
Q4 '25
Cash from operations $90.9M
Capital spending $0.9M
Q1 '26
Cash from operations $58.2M
Capital spending $1.0M
Q2 '26
Cash from operations $48.6M
Capital spending $0.9M
Q3 '26
Cash from operations $58.0M
Capital spending $0.8M
Q4 '26
Cash from operations $94.6M
Capital spending $1.1M
Q1 '27
Cash from operations $64.4M
Capital spending $1.3M
Cash from operations
Capital spending
Dividends, buybacks and share count
World Acceptance Corp returned $132M to shareholders in fiscal 2026, 52% of free cash flow. The diluted share count fell 8.7%.
FY17
Dividends —
Buybacks $5.0M
FY18
Dividends —
Buybacks $4.6M
FY19
Dividends —
Buybacks $74.5M
FY20
Dividends —
Buybacks $197M
FY21
Dividends —
Buybacks $102M
FY22
Dividends —
Buybacks $111M
FY23
Dividends —
Buybacks $14.3M
FY24
Dividends —
Buybacks $36.2M
FY25
Dividends —
Buybacks $54.2M
FY26
Dividends —
Buybacks $132M
Dividends
Buybacks
Q2 '24
Dividends —
Buybacks $0.0M
Q3 '24
Dividends —
Buybacks $17.3M
Q4 '24
Dividends —
Buybacks $18.9M
Q1 '25
Dividends —
Buybacks $11.1M
Q2 '25
Dividends —
Buybacks $10.0M
Q3 '25
Dividends —
Buybacks $1.0M
Q4 '25
Dividends —
Buybacks $32.0M
Q1 '26
Dividends —
Buybacks $13.0M
Q2 '26
Dividends —
Buybacks $66.6M
Q3 '26
Dividends —
Buybacks $15.0M
Q4 '26
Dividends —
Buybacks $37.8M
Q1 '27
Dividends —
Buybacks $2.2M
Dividends
Buybacks
FY17
Diluted shares 0.01B
FY18
Diluted shares 0.01B
FY19
Diluted shares 0.01B
FY20
Diluted shares 0.01B
FY21
Diluted shares 0.01B
FY22
Diluted shares 0.01B
FY23
Diluted shares 0.01B
FY24
Diluted shares 0.01B
FY25
Diluted shares 0.01B
FY26
Diluted shares 0.01B
Balance sheet
Cash, debt and the ratios that show how comfortably World Acceptance Corp can carry it.
FY17
Cash $11.6M
Debt $295M
FY18
Cash $12.5M
Debt $245M
FY19
Cash $9.3M
Debt $252M
FY20
Cash $11.6M
Debt $451M
FY21
Cash $15.7M
Debt $406M
FY22
Cash $19.2M
Debt $697M
FY23
Cash $16.5M
Debt $599M
FY24
Cash $5.2M
Debt $498M
FY25
Cash $4.7M
Debt $448M
FY26
Cash $6.1M
Debt $587M
Cash
Debt
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $19.2M | $16.5M | $5.2M | $4.7M | $6.1M |
| Debt incl. finance leases | $697M | $599M | $498M | $448M | $587M |
| Debt / equity | 1.9x | 1.6x | 1.2x | 1.0x | 1.7x |
| Total assets | $1.2B | $1.1B | $1.1B | $1.0B | $1.1B |
| Total liabilities | $845M | $732M | $632M | $571M | $703M |
| Shareholders' equity | $373M | $384M | $422M | $437M | $351M |
| Net debt (− = net cash) | $678M | $582M | $493M | $443M | $581M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | ✕ | ✕ | ✕ | ✓ | ✕ | ✕ | ✓ | ✓ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | ✓ | ✕ | ✕ | ✓ | ✕ | ✓ | ✓ | ✓ | ✕ |
| Current ratio rose | — | — | — | — | — | — | — | — | — | — |
| Share count didn't rise | — | ✕ | ✕ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Gross margin rose | — | — | — | — | — | — | — | — | — | — |
| Revenue rose relative to assets | — | ✕ | ✓ | ✕ | ✕ | ✕ | ✓ | ✕ | ✓ | ✕ |
| F-score | — / 3 | 4 / 7 | 4 / 7 | 4 / 7 | 6 / 7 | 4 / 7 | 6 / 7 | 6 / 7 | 7 / 7 | 4 / 7 |
| Accruals ratio | −18.2% | −20.0% | −24.5% | −26.8% | −14.0% | −20.1% | −23.1% | −17.4% | −16.0% | −21.8% |
| Altman Z'' | — | — | — | — | — | — | — | — | — | — |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $491M | $503M | $545M | $590M | $528M | $585M | $617M | $573M | $564M | $585M |
| Noninterest income | $63.0M | $67.0M | $75.4M | $81.7M | $76.9M | $99.5M | $108M | $104M | $99.1M | $100M |
| Provision for credit losses | $119M | $118M | $148M | $182M | — | — | — | — | — | — |
| Interest expense | $21.5M | $19.1M | $17.9M | $25.9M | $25.7M | $33.4M | $50.5M | $48.2M | $42.7M | $49.4M |
| Pretax income | $106M | $49.1M | $73.9M | $34.9M | $111M | $65.6M | $27.1M | $99.0M | $111M | $45.2M |
| Income tax | $38.2M | $47.8M | $16.0M | $6.8M | $23.1M | $11.7M | $5.9M | $22.0M | $22.1M | $10.7M |
| Net income | $73.6M | $53.7M | $37.2M | $28.2M | $88.3M | $53.9M | $21.2M | $77.0M | $89.2M | $34.6M |
| Diluted EPS | $8.38 | $5.99 | $4.05 | $3.54 | $13.23 | $8.47 | $3.60 | $13.14 | $16.21 | $6.88 |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B |
| Cash flow | ||||||||||
| Cash from operations | $219M | $218M | $245M | $281M | $227M | $272M | $292M | $266M | $254M | $259M |
| Capital expenditure | $6.8M | $9.2M | $9.8M | $11.3M | $11.7M | $6.1M | $5.8M | $5.9M | $3.7M | $3.9M |
| Free cash flow | $213M | $209M | $235M | $270M | $215M | $266M | $286M | $260M | $250M | $255M |
| Depreciation and amortization | $6.9M | $7.3M | $6.6M | $6.8M | $6.5M | $6.3M | $6.2M | $6.7M | $6.3M | $5.8M |
| Stock-based compensation | $4.8M | $5.4M | $17.6M | $29.0M | $19.3M | $17.6M | $9.1M | −$1.7M | −$19.7M | — |
| Share buybacks | $5.0M | $4.6M | $74.5M | $197M | $102M | $111M | $14.3M | $36.2M | $54.2M | $132M |
| Dividends and buybacks | $5.0M | $4.6M | $74.5M | $197M | $102M | $111M | $14.3M | $36.2M | $54.2M | $132M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $11.6M | $12.5M | $9.3M | $11.6M | $15.7M | $19.2M | $16.5M | $5.2M | $4.7M | $6.1M |
| Total debt | $295M | $245M | $252M | $451M | $405M | $697M | $599M | $498M | $448M | $587M |
| Finance lease liabilities | — | — | — | — | $0.6M | $0.1M | $0.0M | — | — | — |
| Loans, net | $696M | $679M | $756M | $804M | $734M | $986M | — | — | — | — |
| Property and equipment, net | $24.2M | $22.8M | $25.4M | $24.8M | $25.3M | $24.5M | $23.9M | $22.9M | $19.8M | $17.4M |
| Goodwill | $6.1M | $7.0M | $7.0M | $7.4M | $7.4M | $7.4M | $7.4M | $7.4M | $7.4M | $7.4M |
| Intangible assets | $6.6M | $6.6M | $15.3M | $24.4M | $23.5M | $19.8M | $15.3M | $11.1M | $7.4M | $4.2M |
| Total assets | $801M | $841M | $855M | $1.0B | $954M | $1.2B | $1.1B | $1.1B | $1.0B | $1.1B |
| Total liabilities | $340M | $300M | $303M | $618M | $549M | $845M | $732M | $632M | $571M | $703M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $461M | $541M | $552M | $412M | $405M | $373M | $384M | $422M | $437M | $351M |
| Margins | ||||||||||
| Net margin | 15.0% | 10.7% | 6.8% | 4.8% | 16.7% | 9.2% | 3.4% | 13.5% | 15.8% | 5.9% |
| FCF margin | 43.3% | 41.5% | 43.1% | 45.7% | 40.8% | 45.5% | 46.3% | 45.4% | 44.4% | 43.7% |
| Returns | ||||||||||
| Return on equity | 16.0% | 10.7% | 6.8% | 5.8% | 21.6% | 13.9% | 5.6% | 19.1% | 20.8% | 8.8% |
| Return on assets | 9.2% | 6.5% | 4.4% | 3.0% | 8.9% | 5.0% | 1.8% | 7.1% | 8.6% | 3.4% |
| Return on tangible equity | 16.4% | 10.2% | 7.0% | 7.4% | 23.6% | 15.6% | 5.9% | 19.1% | 21.1% | 10.2% |
| Growth | ||||||||||
| Revenue growth | — | 2.4% | 8.3% | 8.4% | −10.5% | 10.8% | 5.4% | −7.1% | −1.5% | 3.7% |
| Net income growth | — | −27.1% | −30.6% | −24.4% | 213.5% | −38.9% | −60.6% | 262.9% | 15.8% | −61.2% |
| EPS growth | — | −28.5% | −32.4% | −12.6% | 273.7% | −36.0% | −57.5% | 265.0% | 23.4% | −57.6% |
| FCF growth | — | −1.7% | 12.5% | 14.8% | −20.2% | 23.7% | 7.3% | −9.1% | −3.6% | 2.0% |
| Share count change | — | 2.1% | 2.7% | −13.6% | −16.1% | −4.6% | −7.3% | −0.6% | −6.1% | −8.7% |
| Financial health | ||||||||||
| Debt / equity | 0.6x | 0.5x | 0.5x | 1.1x | 1.0x | 1.9x | 1.6x | 1.2x | 1.0x | 1.7x |
| Provision / loans | 17.1% | 17.3% | 19.6% | 22.6% | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Capex / revenue | 1.4% | 1.8% | 1.8% | 1.9% | 2.2% | 1.0% | 0.9% | 1.0% | 0.7% | 0.7% |
| Stock comp / revenue | 1.0% | 1.1% | 3.2% | 4.9% | 3.7% | 3.0% | 1.5% | −0.3% | −3.5% | — |
| Payouts / FCF | 2.4% | 2.2% | 31.7% | 73.2% | 47.6% | 41.7% | 5.0% | 13.9% | 21.6% | 51.8% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 4.0 | 4.0 | 4.0 | 6.0 | 4.0 | 6.0 | 6.0 | 7.0 | 4.0 |
| Accruals ratio | −18.2% | −20.0% | −24.5% | −26.8% | −14.0% | −20.1% | −23.1% | −17.4% | −16.0% | −21.8% |
Source: SEC EDGAR XBRL filings (CIK 0000108385). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.