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    World Acceptance (WRLD)

    Market Price (7/22/2026): $188.44 | Market Cap: $884.0 MilSector: Financials | Industry: Consumer Finance

    World Acceptance (WRLD)

    Market Price (7/22/2026): $188.44
    Market Cap: $884.0 Mil
    Sector: Financials
    Industry: Consumer Finance

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 48%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 48%

    Attractive yield
    FCF Yield is 29%

    Low stock price volatility
    Vol 12M is 50%

    Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments, and Financial Inclusion. Themes include Online Banking & Lending, and Small-Dollar Consumer Lending.

    Weak multi-year price returns
    2Y Excs Rtn is -3.1%, 3Y Excs Rtn is -29%

    Meaningful short interest
    Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%

    Debt is significant
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 74%

    Weak revenue growth
    Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.7%

    Key risks
    WRLD key risks include [1] deteriorating credit quality from an aggressive growth strategy that has created a higher-risk, Show more.

    0 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 48%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 48%
    1 Attractive yield
    FCF Yield is 29%
    2 Low stock price volatility
    Vol 12M is 50%
    3 Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments, and Financial Inclusion. Themes include Online Banking & Lending, and Small-Dollar Consumer Lending.
    4 Weak multi-year price returns
    2Y Excs Rtn is -3.1%, 3Y Excs Rtn is -29%
    5 Meaningful short interest
    Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
    6 Debt is significant
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 74%
    7 Weak revenue growth
    Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.7%
    8 Key risks
    WRLD key risks include [1] deteriorating credit quality from an aggressive growth strategy that has created a higher-risk, Show more.

    WRLD in ETFs

    Weight = WRLD's share of each fund

    VTI0.00%
    ITOT0.00%
    IWM0.02%
    IJR0.03%
    FNDA0.06%
    AVUV0.05%
    IJT0.04%
    SLYG0.04%
    +10 more covered ETFs

    Valuation & Metrics

    FYE: 3/31WRLD [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$535.7 Mil—
    FY 2027 Sales$632.0 Mil—
    FY 2028 Sales$670.0 Mil—
    FY 2027 Sales Growth18.0%—
    FY 2028 Sales Growth6.0%8.2%
    EARNINGS
    LTM Net Income (GAAP) [3]$34.6 Mil—
    FY 2027 Net Income (Non-GAAP)$55.2 Mil—
    FY 2028 Net Income (Non-GAAP)$71.0 Mil—
    FY 2028 Net Income Growth28.5%16.4%
    FY 2027 EPS (Non-GAAP)$10.99—
    FY 2028 EPS (Non-GAAP)$14.12—
    FY 2028 EPS Growth28.5%—
    VALUATION
    FY 2027 P/S1.43.2
    FY 2028 P/S1.3—
    FY 2027 P/E16.019.6
    FY 2028 P/E12.5—

    [1] WRLD forward figures are analyst consensus for the next two fiscal years (fiscal year end 3/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 7/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    WRLDS&P 500
    REVENUE GROWTH 
    Rev LTM ($ Bil)0.5
    Rev Chg Q7.1%8.9%
    Rev Chg LTM2.7%7.5%
    Rev Chg 3Y Avg-1.7%5.9%
    PROFITABILITYPOOR
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.3
    Net Inc LTM ($ Bil)0.0
    CFO/Rev LTM48.4%21.4%
    Net Inc Mgn6.5%13.0%
    VALUATIONMODERATE
    P/S1.73.3
    P/CFO3.415.2
    P/FCF3.520.0
    P/E25.624.3

    AI Analysis | Feedback

    MetricValueDateSource
    Number of open branches10139302025Link
    Same store gross loans increase (for branches open at least twelve months)3.3%9302025Link
    Customer base increase (for branches open throughout both periods, twelve-month period)7.9%9302025Link
    Large loan portfolio as a percentage of the overall portfolio44.6%9302025Link
    Accounts 61 days or more past due (recency basis)5.8%9302025Link
    Allowance for credit losses as a percent of net loans receivable12.1%9302025Link
    Accounts at least 90 days past due (recency basis)3.5%9302025Link
    Customer base increase (twelve-month period)6.2%9302025Link
    Increase in unique borrowers in the portfolio (during the quarter)5.8%9302025Link

    Price Chart

    No Events

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 7/17/2026

    World Acceptance (WRLD) stock has gained about 40% since 3/31/2026 because of the following key factors:

    1. Positive operational trends and strategic growth initiatives in fiscal Q4 2026.

    World Acceptance Corporation reported positive operational trends for its fiscal fourth quarter of 2026, which ended on March 31, 2026, with these results released on April 30, 2026. The company's strategic shift to reintroduce targeted portfolio growth resulted in outstanding loans increasing year over year for three consecutive quarters. Organic growth specifically increased by 4.9%, and the unique customer base grew by 3.5% compared to the same quarter in the prior fiscal year. Furthermore, the company anticipated lower charge-offs as its new customer base matures, with a deceleration in new customer growth from 9.9% as of December 31, 2025, to 8.2% as of March 31, 2026.

    2. Significant increase in institutional investor confidence.

    During fiscal Q4 2026 (calendar Q1 2026), several major institutional investors substantially increased their positions in World Acceptance. For example, AQR Capital Management LLC increased its holdings by 140.8%, representing an estimated value of over $12.2 million. Similarly, UBS Group AG boosted its position by 145.6%, valued at more than $10.6 million, and Jacobs Levy Equity Management, Inc. increased its stake by 1858.4%, equating to over $8.3 million.

    Show more
    Updated on 7/17/2026

    World Acceptance (WRLD) stock has gained about 40% since 3/31/2026 because of the following key factors:

    1. Positive operational trends and strategic growth initiatives in fiscal Q4 2026.

    World Acceptance Corporation reported positive operational trends for its fiscal fourth quarter of 2026, which ended on March 31, 2026, with these results released on April 30, 2026. The company's strategic shift to reintroduce targeted portfolio growth resulted in outstanding loans increasing year over year for three consecutive quarters. Organic growth specifically increased by 4.9%, and the unique customer base grew by 3.5% compared to the same quarter in the prior fiscal year. Furthermore, the company anticipated lower charge-offs as its new customer base matures, with a deceleration in new customer growth from 9.9% as of December 31, 2025, to 8.2% as of March 31, 2026.

    2. Significant increase in institutional investor confidence.

    During fiscal Q4 2026 (calendar Q1 2026), several major institutional investors substantially increased their positions in World Acceptance. For example, AQR Capital Management LLC increased its holdings by 140.8%, representing an estimated value of over $12.2 million. Similarly, UBS Group AG boosted its position by 145.6%, valued at more than $10.6 million, and Jacobs Levy Equity Management, Inc. increased its stake by 1858.4%, equating to over $8.3 million.

    3. Share repurchase program.

    The company's board of directors authorized a $50 million share buyback program, indicating management's confidence in the company's valuation and future outlook.

    4. Favorable macroeconomic environment for non-bank lenders.

    A hawkish stance from the Federal Reserve, which maintained interest rates between 3.50% and 3.75% and signaled potential for further hikes, created a supportive environment for net interest income for non-bank lenders like World Acceptance.

    5. Expansion of borrowing capacity.

    World Acceptance expanded its borrowing capacity through a US$15.0 million accordion increase under its revolving credit agreement, which provides additional financial flexibility for its consumer lending operations.

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    Stock Movement Drivers

    Fundamental Drivers

    The 39.8% change in WRLD stock from 3/31/2026 to 7/21/2026 was primarily driven by a 68.4% change in the company's P/E Multiple.
    (LTM values as of)33120267212026Change
    Stock Price ($)135.04188.8239.8%
    Change Contribution By: 
    Total Revenues ($ Mil)5255362.1%
    Net Income Margin (%)8.1%6.5%-19.8%
    P/E Multiple15.225.668.4%
    Shares Outstanding (Mil)551.5%
    Cumulative Contribution39.8%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    3/31/2026 to 7/21/2026
    ReturnCorrelation
    WRLD39.8% 
    Market (SPY)15.1%14.7%
    Sector (XLF)13.7%5.2%

    Fundamental Drivers

    The 34.5% change in WRLD stock from 12/31/2025 to 7/21/2026 was primarily driven by a 102.6% change in the company's P/E Multiple.
    (LTM values as of)123120257212026Change
    Stock Price ($)140.39188.8234.5%
    Change Contribution By: 
    Total Revenues ($ Mil)5245362.3%
    Net Income Margin (%)10.8%6.5%-40.2%
    P/E Multiple12.625.6102.6%
    Shares Outstanding (Mil)558.6%
    Cumulative Contribution34.5%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    12/31/2025 to 7/21/2026
    ReturnCorrelation
    WRLD34.5% 
    Market (SPY)10.0%19.1%
    Sector (XLF)3.0%26.7%

    Fundamental Drivers

    The 14.4% change in WRLD stock from 6/30/2025 to 7/21/2026 was primarily driven by a 160.4% change in the company's P/E Multiple.
    (LTM values as of)63020257212026Change
    Stock Price ($)165.12188.8214.4%
    Change Contribution By: 
    Total Revenues ($ Mil)5215362.7%
    Net Income Margin (%)17.1%6.5%-62.3%
    P/E Multiple9.825.6160.4%
    Shares Outstanding (Mil)5513.3%
    Cumulative Contribution14.4%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    6/30/2025 to 7/21/2026
    ReturnCorrelation
    WRLD14.4% 
    Market (SPY)22.1%25.9%
    Sector (XLF)8.4%31.8%

    Fundamental Drivers

    The 40.9% change in WRLD stock from 6/30/2023 to 7/21/2026 was primarily driven by a 72.1% change in the company's Net Income Margin (%).
    (LTM values as of)63020237212026Change
    Stock Price ($)134.01188.8240.9%
    Change Contribution By: 
    Total Revenues ($ Mil)566536-5.4%
    Net Income Margin (%)3.8%6.5%72.1%
    P/E Multiple36.425.6-29.7%
    Shares Outstanding (Mil)6523.0%
    Cumulative Contribution40.9%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    6/30/2023 to 7/21/2026
    ReturnCorrelation
    WRLD40.9% 
    Market (SPY)74.8%41.3%
    Sector (XLF)73.9%43.4%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    WRLD Return140%-73%98%-14%25%34%84%
    Peers Return56%-16%20%16%33%27%212%
    S&P 500 Return27%-19%24%23%16%9%98%

    Monthly Win Rates [3]
    WRLD Win Rate67%17%58%33%50%71% 
    Peers Win Rate68%47%52%52%65%51% 
    S&P 500 Win Rate75%42%67%75%67%43% 

    Max Drawdowns [4]
    WRLD Max Drawdown-27%-76%-39%-28%-31%-23% 
    Peers Max Drawdown-23%-36%-26%-22%-23%-19% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: OMF, RM, CACC, FCFS, EZPW.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 7/21/2026 (YTD)

    How Low Can It Go

    EventWRLDS&P 500
    2025 US Tariff Shock
      % Loss-23.5%-18.8%
      % Gain to Breakeven30.7%23.1%
      Time to Breakeven38 days79 days
    2024 Yen Carry Trade Unwind
      % Loss-16.5%-7.8%
      % Gain to Breakeven19.7%8.5%
      Time to Breakeven44 days18 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-37.4%-9.5%
      % Gain to Breakeven59.7%10.5%
      Time to Breakeven581 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-19.8%-6.7%
      % Gain to Breakeven24.7%7.1%
      Time to Breakeven34 days31 days
    2020 COVID-19 Crash
      % Loss-47.3%-33.7%
      % Gain to Breakeven89.6%50.9%
      Time to Breakeven129 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-15.7%-19.2%
      % Gain to Breakeven18.6%23.8%
      Time to Breakeven15 days105 days

    Compare to OMF, RM, CACC, FCFS, EZPW

    In The Past

    World Acceptance's stock fell -23.5% during the 2025 US Tariff Shock. Such a loss loss requires a 30.7% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventWRLDS&P 500
    2025 US Tariff Shock
      % Loss-23.5%-18.8%
      % Gain to Breakeven30.7%23.1%
      Time to Breakeven38 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-37.4%-9.5%
      % Gain to Breakeven59.7%10.5%
      Time to Breakeven581 days24 days
    2020 COVID-19 Crash
      % Loss-47.3%-33.7%
      % Gain to Breakeven89.6%50.9%
      Time to Breakeven129 days140 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-22.0%-12.2%
      % Gain to Breakeven28.2%13.9%
      Time to Breakeven21 days62 days
    2014-2016 Oil Price Collapse
      % Loss-65.9%-6.8%
      % Gain to Breakeven193.4%7.3%
      Time to Breakeven585 days15 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-20.1%-17.9%
      % Gain to Breakeven25.2%21.8%
      Time to Breakeven24 days123 days
    2008-2009 Global Financial Crisis
      % Loss-61.0%-53.4%
      % Gain to Breakeven156.2%114.4%
      Time to Breakeven55 days1085 days
    Summer 2007 Credit Crunch
      % Loss-31.0%-8.6%
      % Gain to Breakeven44.9%9.5%
      Time to Breakeven272 days47 days

    Compare to OMF, RM, CACC, FCFS, EZPW

    In The Past

    World Acceptance's stock fell -23.5% during the 2025 US Tariff Shock. Such a loss loss requires a 30.7% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About World Acceptance (WRLD)

    World Acceptance Corporation (WRLD) operates as a consumer finance company specializing in providing small to medium-sized installment loans to individuals. The company primarily targets a specific market segment: individuals who have limited access to traditional credit sources, such as banks, credit unions, or credit card lenders. WRLD serves these customers through an extensive network of over 1,100 branches located across 17 states in the U.S.

    In addition to its core lending business, World Acceptance offers a range of related financial products and services. These include various types of credit insurance, such as credit life, credit accident and health, credit property and auto, and unemployment insurance, which are sold in conjunction with its loans. The company also provides ancillary services designed to meet the broader needs of its borrowers, including income tax return preparation and electronic filing services, as well as automobile club memberships.

    AI Analysis | Feedback

    1. It's like OneMain Financial (OMF), offering personal installment loans to individuals who don't qualify for traditional bank credit.

    2. Think of it as Credit Acceptance (CACC), but instead of financing subprime auto loans, they provide general small personal installment loans.

    AI Analysis | Feedback

    • Installment Loans: Offers both short-term small and medium-term larger installment loans to individuals who have limited access to other sources of consumer credit.
    • Credit Insurance: Markets and sells various types of insurance, including credit life, accident and health, property and auto, unemployment, and accidental death and dismemberment insurance, in connection with its loans.
    • Income Tax Preparation: Provides income tax return preparation and electronic filing services to its customers.
    • Automobile Club Memberships: Offers automobile club memberships as an ancillary service to its borrowers.

    AI Analysis | Feedback

    World Acceptance (WRLD) primarily serves individuals, rather than other companies. The company targets individuals who have limited access to traditional sources of consumer credit, such as banks, credit unions, and credit card lenders. Based on the services offered, its customer base can be categorized as follows:

    • Individuals Seeking Short-Term Small Installment Loans: This category includes customers who require immediate, smaller sums of money for a short duration, often due to unexpected expenses or cash flow needs, and who cannot obtain these funds from conventional lenders.
    • Individuals Seeking Medium-Term Larger Installment Loans: This category comprises customers who need more substantial financial assistance over a longer repayment period, for needs like larger purchases or debt consolidation, and who also face barriers to accessing credit from mainstream financial institutions.
    • Individuals Utilizing Ancillary Financial Services: This group includes customers who purchase related products such as credit life, credit accident and health, or credit property insurance in conjunction with their loans. It also includes individuals who utilize the company's income tax return preparation and electronic filing services, or automobile club memberships, often while also being loan borrowers.

    AI Analysis | Feedback

    American National Insurance Company

    AI Analysis | Feedback

    R. Chad Prashad, President and Chief Executive Officer

    R. Chad Prashad was appointed as the Chief Executive Officer in June 2018. He directly owns 1.42% of the company's shares.

    John L. Calmes, Jr., Executive Vice President, Chief Financial & Strategy Officer, and Treasurer

    D. Clinton Dyer, Executive Vice President, Chief Branch Operations Officer

    D. Clinton Dyer's retirement is scheduled for March 31, 2026, following a 30-year tenure with the company.

    Luke J. Umstetter, Senior Vice President, General Counsel, Chief Compliance Officer and Secretary

    A. Lindsay Caulder, Senior Vice President, Human Resources

    AI Analysis | Feedback

    The key risks to World Acceptance Corporation (WRLD) primarily revolve around its subprime lending model and the external environment in which it operates.

    1. Deteriorating Credit Quality and Loan Loss Provisions: As a small-loan consumer finance company serving individuals with limited access to other credit, World Acceptance is inherently exposed to higher credit risk. The company's "unseasoned high-risk loan book" is particularly vulnerable to higher-than-expected defaults during economic downturns, which can neutralize growth strategies and lead to "margin compression from elevated loan loss provisions". Recent financial reports indicate "thinner margins" and "quarterly losses," which are linked to pressure on profitability. A strategic shift towards "aggressive customer acquisition" and a "targeted growth strategy" in fiscal 2025, following a period of conservative underwriting, could further exacerbate this risk if credit quality is not carefully managed.
    2. Regulatory Scrutiny and Changes: World Acceptance operates in a highly regulated industry. The Consumer Financial Protection Bureau (CFPB) announced in February 2024 that the company's conduct warranted federal supervision due to risks posed to consumers, which resulted in a significant drop in its stock price. Increasing regulation, alongside competition from fintech and rising financial literacy, poses a threat to the company's ability to acquire and retain customers, potentially undermining its core subprime lending model. The company's ability to operate profitably and expand is dependent on favorable laws and regulations, and its capacity to secure necessary regulatory approvals and licenses.
    3. Sensitivity to Economic Cycles and Macroeconomic Headwinds: The company's customer base is particularly susceptible to macroeconomic shifts. Factors such as "slowing labor market momentum and surging energy costs" can negatively impact consumer credit conditions. The financial credit services sector, in which World Acceptance operates, is especially sensitive to "stagflation risks," where higher energy costs reduce consumer purchasing power and weak employment data raises concerns about borrowers' repayment capacity. These broader economic pressures can intensify the risk of loan defaults and affect overall business performance.

    AI Analysis | Feedback

    The increasing prevalence and sophistication of online and mobile-first fintech lenders poses a significant emerging threat. These digital platforms offer convenient, often faster, access to small installment loans for individuals, directly competing with World Acceptance's branch-based model and catering to the same target demographic with limited access to traditional credit.

    AI Analysis | Feedback

    The addressable markets for World Acceptance Corporation's main products and services in the U.S. are as follows:

    Loan Products (Small and Medium-Term Installment Loans)

    The U.S. unsecured loan market, driven by demand from subprime customers, reached a new high of $276 billion as of the end of December (latest year available). This market includes unsecured personal loans, which constitute the greatest portion of subprime credit. Approximately 26.4 million consumers held these unsecured loans.

    Related Credit Insurance

    The U.S. trade credit insurance market, which encompasses various credit insurances such as credit life, credit disability, and credit property insurance, was valued at approximately $2.02 billion in 2023 and is projected to reach $2,219.9 million in 2024. This market is expected to grow to $5,676.4 million by 2033.

    Ancillary Products and Services

    Income Tax Return Preparation and Electronic Filing Services

    The market size for Tax Preparation Services in the U.S. was $14.2 billion in 2024 and is projected to be $14.3 billion in 2025. Another estimate indicates the U.S. Tax Preparation Services segment reached $14.8 billion in 2025.

    Automobile Club Memberships

    While a specific revenue-based market size for general automobile club memberships is not readily available, the American Automobile Association (AAA) federation, a significant provider of such services, has more than 62 million members across the United States and Canada. Approximately 25% of U.S. households hold AAA memberships.

    AI Analysis | Feedback

    World Acceptance Corporation (WRLD) is expected to drive future revenue growth over the next 2-3 years through several key strategies: * Targeted Growth Strategy and Loan Portfolio Expansion: The company made a strategic shift in fiscal 2025 from conservative underwriting to a targeted growth strategy for its loan portfolio. This pivot has already resulted in year-over-year growth in outstanding loans for two consecutive quarters and is positioning the company for improving results in fiscal 2027 and beyond. Organic growth in outstanding loans was up 2.5% year-over-year in Q3 fiscal 2026. * Expansion of Customer Base: A significant focus is on growing the unique customer base, with a reported increase of 4.1% in the twelve-month period ending December 31, 2025. New customer loan volume increased by 16.6% compared to the same quarter of fiscal year 2025, and new customers as a percentage of the portfolio have grown from 6.4% to 9.9%. The company's customer base grew organically by approximately 5.4% year-over-year, following a 2.2% growth the previous year. * Optimized Loan Portfolio Profitability through Improved Yields and Sustained Credit Quality: World Acceptance has focused on increasing approval rates without sacrificing credit quality or yields. This strategy has led to improved gross yields, with an 84 basis point increase year-over-year in Q3 fiscal 2026. The company believes this trend will continue due to improved rates in certain states, disciplined credit limits and underwriting, and enhanced customer retention. First pay default rates on new customers in Q3 fiscal 2026 were 19% lower than new customers from fiscal 2022, demonstrating strong credit performance. * Enhanced Customer Retention: Investments in improving customer retention and tenure are expected to contribute to long-term yields, as longer-tenure customers are considered lower risk.

    AI Analysis | Feedback

    Share Repurchases

    • World Acceptance Corporation's Board of Directors approved a new share repurchase program on February 11, 2026, authorizing the repurchase of up to $50.0 million of its common stock, inclusive of any remaining capacity from prior authorizations.
    • On July 24, 2025, the Board approved a share repurchase program authorizing up to $100 million of its outstanding common stock, including amounts remaining from previous authorizations. This was facilitated by a new three-year senior secured asset-based credit facility that increased repurchase capacity.
    • The company repurchased 295,201 shares for approximately $36.2 million during fiscal year 2024. Additionally, during the first half of fiscal year 2025, 165,167 shares were repurchased for approximately $21.1 million, and an additional 9,465 shares were repurchased for about $1.0 million in the third quarter of fiscal 2025.

    Share Issuance

    • The company has an active World Acceptance Corporation 2025 Stock Incentive Plan.
    • There have been restricted stock awards to executives, such as 6,000 restricted stock shares awarded to the COO on February 18, 2026, and a vesting event for 1,000 restricted shares reported on December 18, 2025.
    • The potential for future issuance of common stock for acquisitions, capital raises, or other purposes is noted, which could dilute existing shareholders, but no significant share issuances for capital raising purposes were identified within the last 3-5 years.

    Outbound Investments

    • World Acceptance's acquisitions amounted to $18.9 million in the fourth quarter of fiscal year 2024, contributing to an annual value of $18.9 million for fiscal year 2025.
    • The company's acquisitions reached a 5-year high of $19.7 million during the second quarter of 2022.
    • Over the last four years, the median value of World Acceptance's acquisitions was $2.0 million in 2024, with an average of $6.1 million.

    Capital Expenditures

    • While the company's revolving credit agreement includes requirements related to capital expenditures, specific dollar values for capital expenditures or their primary focus over the last 3-5 years are not explicitly detailed in the available information.

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    ATAIAtaiBeckley2.625.8%74.4%

    Top Losers

    TickerCompanyMkt Cap (B)1W RtnYTD Rtn
    AIAIAIAI0.5-28.3%-55.1%
    PENGPenguin Solutions3.0-25.3%197.0%
    LINCLincoln Educational Services1.3-23.5%69.6%
    TENBTenable4.0-20.1%44.9%
    UTIUniversal Technical Institute2.1-20.0%42.8%
    SPIRSpire Global0.4-19.6%55.5%
    VICRVicor9.8-18.8%95.9%
    PNRPentair10.0-18.8%-40.6%
    ABSIAbsci1.3-18.7%138.4%
    BLZEBackblaze0.8-18.5%189.3%

    Top Gainers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    CRNXCrinetics Pharmaceuticals8.7133.9%80.2%
    TRAXFirst Tracks Biotherapeutics1.3114.5%100.9%
    UTZUtz Brands1.2101.2%37.8%
    DFTXDefinium Therapeutics, Inc.4.984.2%233.7%
    PBFPBF Energy7.777.1%147.1%
    ATAIAtaiBeckley2.675.7%74.4%
    MNPRMonopar Therapeutics1.068.3%73.9%
    ALITAlight9.965.0%-51.8%
    BLZEBackblaze0.864.6%189.3%
    ZBIOZenas BioPharma1.863.6%-10.9%

    Top Losers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    FACFactorial Energy0.6-64.0%24.5%
    HTZHertz Global0.6-63.4%-64.0%
    AIAIAIAI0.5-59.2%-55.1%
    HYLNHyliion0.7-52.1%110.9%
    ALOYREalloys0.5-49.4%-4.7%
    ABTCAmerican Bitcoin6.6-49.3%-74.6%
    NVTSNavitas Semiconductor2.9-46.6%79.6%
    WOLFWolfspeed1.2-44.7%82.3%
    EOSEEos Energy Enterprises1.4-44.6%-63.0%
    YSSYork Space Systems2.2-41.6%-46.5%

    More From Trefis

    Research & Analysis

    Invest in Strategies

    Wealth Management

    Peer Comparisons

    Peers to compare with:

    Financials

    WRLDOMFRMCACCFCFSEZPWMedian
    NameWorld Ac.OneMain Regional.Credit A.FirstCashEZCORP  
    Mkt Price188.8260.0042.58618.48211.8932.53124.41
    Mkt Cap0.97.00.46.69.32.04.3
    Rev LTM5365,0475722,3003,8761,4771,889
    Op Inc LTM---656602201602
    FCF LTM2553,2063101,053551131430
    FCF 3Y Avg2552,8422691,14646597367
    CFO LTM2593,2063261,055613174470
    CFO 3Y Avg2602,8422851,149528135407

    Growth & Margins

    WRLDOMFRMCACCFCFSEZPWMedian
    NameWorld Ac.OneMain Regional.Credit A.FirstCashEZCORP  
    Rev Chg LTM2.7%8.6%9.9%4.8%14.4%22.8%9.2%
    Rev Chg 3Y Avg-1.7%6.4%6.7%8.2%11.1%15.1%7.5%
    Rev Chg Q7.1%6.4%8.4%2.2%25.7%45.9%7.7%
    QoQ Delta Rev Chg LTM2.1%1.5%2.0%0.5%5.9%10.5%2.0%
    Op Inc Chg LTM---72.9%26.4%61.5%61.5%
    Op Inc Chg 3Y Avg---17.8%24.7%35.3%24.7%
    Op Mgn LTM---28.5%15.5%13.6%15.5%
    Op Mgn 3Y Avg---20.5%14.1%11.0%14.1%
    QoQ Delta Op Mgn LTM---1.4%0.2%1.1%1.1%
    CFO/Rev LTM48.4%63.5%57.1%45.9%15.8%11.8%47.1%
    CFO/Rev 3Y Avg49.3%60.7%53.9%54.1%15.0%10.5%51.6%
    FCF/Rev LTM47.7%63.5%54.1%45.8%14.2%8.9%46.7%
    FCF/Rev 3Y Avg48.4%60.7%50.9%54.0%13.2%7.5%49.6%

    Valuation

    WRLDOMFRMCACCFCFSEZPWMedian
    NameWorld Ac.OneMain Regional.Credit A.FirstCashEZCORP  
    Mkt Cap0.97.00.46.69.32.04.3
    P/S1.71.40.72.92.41.41.5
    P/Op Inc---10.115.510.010.1
    P/EBIT---10.115.38.810.1
    P/E25.68.88.014.726.313.714.2
    P/CFO3.42.21.26.315.211.54.9
    Total Yield3.9%18.5%15.5%6.8%4.6%7.3%7.1%
    Dividend Yield0.0%7.2%3.0%0.0%0.8%0.0%0.4%
    FCF Yield 3Y Avg30.0%43.2%87.1%17.8%7.1%9.8%23.9%
    D/E0.73.24.31.00.30.40.9
    Net D/E0.73.04.21.00.30.20.9

    Returns

    WRLDOMFRMCACCFCFSEZPWMedian
    NameWorld Ac.OneMain Regional.Credit A.FirstCashEZCORP  
    1M Rtn6.1%3.1%14.5%6.7%-6.7%2.6%4.6%
    3M Rtn27.8%3.8%12.3%18.7%2.0%6.3%9.3%
    6M Rtn43.6%-1.9%19.8%39.8%26.1%53.6%33.0%
    12M Rtn16.1%13.0%36.8%22.5%62.7%134.0%29.7%
    3Y Rtn25.2%61.4%43.9%13.1%125.3%251.7%52.7%
    1M Excs Rtn6.0%3.0%14.3%6.6%-6.8%2.4%4.5%
    3M Excs Rtn20.8%-3.6%2.4%8.3%-2.0%0.3%1.4%
    6M Excs Rtn27.7%-13.0%7.1%22.8%16.2%43.6%19.5%
    12M Excs Rtn-4.7%-7.5%17.0%4.7%42.1%113.4%10.9%
    3Y Excs Rtn-28.6%-1.0%-19.6%-55.0%64.9%204.3%-10.3%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 3/312026Q42026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q1
    Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/2023
    Filing Date6/4/20262/9/202611/6/20258/6/20255/22/20252/6/202511/7/20248/8/20245/23/20242/7/202411/3/20238/3/2023
    Key Financials Quarterly            
    Total Revenue164128120123153127121120147126124127
    Net Income36-1-214413221035171610
    EPS7.84-0.19-0.380.268.242.464.051.825.902.892.781.65
    Key Financials TTM            
    Total Revenue TTM536525524525521515514517525526533546
    Net Income TTM354257818980847777675639
    Growth Rates Quarterly            
    Total Revenue Growth7.1%0.9%-0.7%2.6%4.3%1.0%-2.7%-5.8%-1.0%-4.8%-10.1%-13.4%
    Net Income Growth-17.5%-106.8%-108.8%-86.5%25.9%-19.7%37.6%4.3%41.1%187.1%2622.4%211.3%
    Margins Quarterly            
    Net Income Margin22.0%-0.7%-1.6%1.1%28.5%10.5%18.3%8.3%23.6%13.2%12.9%7.5%
    Cash & Debt            
    Total Cash610158516101112131916
    Total Debt661752660549526641588576578667644667
    Net Debt / (Cash)655742645541521625578565566655625651
    Cash Flows Quarterly            
    FCF from Operations955849589161544884596360
    Cash Flows TTM            
    FCF from Operations TTM259256259264254247245254266268278293
    Returns to Shareholders Quarterly            
    Dividends000000000000
    Share Repurchases3815671332110111917-0-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC15.5%-0.4%-0.7%0.7%22.2%6.0%10.5%4.7%16.3%7.1%7.1%4.1%
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM3.7%4.2%6.2%10.0%11.3%9.0%9.9%9.1%9.0%7.1%6.1%4.2%

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Consumer finance segment522525566549500
    Total522525566549500


    Price Behavior

    Price Behavior
    Market Price$188.82 
    Market Cap ($ Bil)0.9 
    First Trading Date12/02/1991 
    Distance from 52W High-15.6% 
       50 Days200 Days
    DMA Price$178.28$151.66
    DMA Trendupup
    Distance from DMA5.9%24.5%
     3M1YR
    Volatility39.9%49.7%
    Downside Capture13.8274.45
    Upside Capture117.2675.92
    Correlation (SPY)12.5%25.6%
    WRLD Betas & Captures as of 6/30/2026

     1M2M3M6M1Y3Y
    Beta0.200.320.290.691.001.24
    Up Beta0.120.510.621.281.721.38
    Down Beta1.200.10-0.040.781.001.18
    Up Capture186%195%124%83%73%145%
    Bmk +ve Days11244067140429
    Stock +ve Days16324475145406
    Down Capture-183%-113%-119%-8%68%105%
    Bmk -ve Days10172358112321
    Stock -ve Days591950106342

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with WRLD
    WRLD14.6%49.6%0.44-
    Sector ETF (XLF)8.1%14.6%0.3230.9%
    Equity (SPY)20.3%12.6%1.1925.5%
    Gold (GLD)21.6%28.1%0.69-5.0%
    Commodities (DBC)31.4%19.1%1.30-21.8%
    Real Estate (VNQ)15.0%14.0%0.7623.6%
    Bitcoin (BTCUSD)-44.6%42.9%-1.2511.7%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with WRLD
    WRLD3.0%55.2%0.27-
    Sector ETF (XLF)10.7%18.5%0.4544.0%
    Equity (SPY)12.9%17.1%0.5844.8%
    Gold (GLD)17.3%18.4%0.761.3%
    Commodities (DBC)8.9%19.5%0.353.8%
    Real Estate (VNQ)2.9%18.9%0.0539.4%
    Bitcoin (BTCUSD)14.9%53.4%0.4620.6%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with WRLD
    WRLD14.2%55.1%0.47-
    Sector ETF (XLF)13.7%22.0%0.5643.3%
    Equity (SPY)15.2%17.9%0.7241.8%
    Gold (GLD)11.2%16.1%0.570.2%
    Commodities (DBC)7.2%17.9%0.3210.1%
    Real Estate (VNQ)5.1%20.7%0.2134.7%
    Bitcoin (BTCUSD)58.7%66.2%0.9912.2%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date6302026
    Short Interest: Shares Quantity0.6 Mil
    Short Interest: % Change Since 61520265.3%
    Average Daily Volume0.1 Mil
    Days-to-Cover Short Interest5.4 days
    Basic Shares Quantity4.7 Mil
    Short % of Basic Shares12.3%

    Returns Analyses

    Earnings Returns History

    Updated 6/3/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    4/30/2026-4.0%-2.7%7.7%
    1/27/2026-17.6%-13.6%-6.1%
    10/23/2025-12.8%-25.8%-23.9%
    7/24/2025-9.6%-7.9%-4.1%
    4/29/20253.4%-2.4%11.1%
    1/28/202516.3%7.9%4.3%
    10/25/2024-0.6%-1.7%2.7%
    7/26/2024-17.7%-19.2%-19.9%
    ...
    SUMMARY STATS   
    # Positive11914
    # Negative131510
    Median Positive7.2%11.9%6.3%
    Median Negative-8.7%-12.0%-8.5%
    Max Positive33.9%21.6%32.3%
    Max Negative-27.3%-28.8%-32.7%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    4/30/2026-4.0%-2.7%7.7%
    1/27/2026-17.6%-13.6%-6.1%
    10/23/2025-12.8%-25.8%-23.9%
    7/24/2025-9.6%-7.9%-4.1%
    4/29/20253.4%-2.4%11.1%
    1/28/202516.3%7.9%4.3%
    10/25/2024-0.6%-1.7%2.7%
    7/26/2024-17.7%-19.2%-19.9%
    5/2/20241.1%-2.5%-7.4%
    1/19/202417.3%13.7%5.0%
    10/20/2023-4.9%-18.3%-6.4%
    7/21/202310.3%12.4%-1.8%
    5/4/20237.2%11.7%22.3%
    1/26/202333.9%21.6%15.9%
    10/27/2022-27.0%-28.2%-30.6%
    7/27/2022-2.2%-5.7%3.1%
    5/5/2022-8.7%-28.8%-32.7%
    1/25/20222.4%-12.0%-9.6%
    10/26/2021-27.3%-10.3%4.0%
    7/21/20217.4%11.9%8.1%
    5/6/20210.4%4.2%14.6%
    1/22/2021-6.1%18.2%4.0%
    10/22/2020-6.8%-19.5%1.6%
    7/30/20207.2%9.3%32.3%
    SUMMARY STATS   
    # Positive11914
    # Negative131510
    Median Positive7.2%11.9%6.3%
    Median Negative-8.7%-12.0%-8.5%
    Max Positive33.9%21.6%32.3%
    Max Negative-27.3%-28.8%-32.7%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    03/31/202606/04/202610-K
    12/31/202502/09/202610-Q
    09/30/202511/06/202510-Q
    06/30/202508/06/202510-Q
    03/31/202505/22/202510-K
    12/31/202402/06/202510-Q
    09/30/202411/07/202410-Q
    06/30/202408/08/202410-Q
    03/31/202405/23/202410-K
    12/31/202302/07/202410-Q
    09/30/202311/03/202310-Q
    06/30/202308/03/202310-Q
    03/31/202306/01/202310-K
    12/31/202202/03/202310-Q
    09/30/202211/04/202210-Q
    06/30/202208/05/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    03/31/202606/04/202610-K
    12/31/202502/09/202610-Q
    09/30/202511/06/202510-Q
    06/30/202508/06/202510-Q
    03/31/202505/22/202510-K
    12/31/202402/06/202510-Q
    09/30/202411/07/202410-Q
    06/30/202408/08/202410-Q
    03/31/202405/23/202410-K
    12/31/202302/07/202410-Q
    09/30/202311/03/202310-Q
    06/30/202308/03/202310-Q
    03/31/202306/01/202310-K
    12/31/202202/03/202310-Q
    09/30/202211/04/202210-Q
    06/30/202208/05/202210-Q
    03/31/202205/27/202210-K
    12/31/202102/04/202210-Q
    09/30/202111/05/202110-Q
    06/30/202108/06/202110-Q
    03/31/202106/02/202110-K
    12/31/202002/05/202110-Q
    09/30/202011/06/202010-Q
    06/30/202008/07/202010-Q
    03/31/202005/29/202010-K
    12/31/201902/10/202010-Q
    09/30/201911/07/201910-Q
    06/30/201908/07/201910-Q

    Insider Activity

    Updated 7/7/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Way, Charles D DirectSell7012026225.00833187,4252,864,025Form
    2Way, Charles D DirectSell6292026210.00833174,9302,848,020Form
    3Caulder, Alice LindsaySVP, Human ResourcesDirectSell6162026181.00609110,2292,657,442Form
    4Umstetter, Luke JSee remarksDirectSell6152026181.661,000181,6605,130,987Form
    5Robinson, Benjamin E Iii DirectSell5262026160.009014,400773,760Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Way, Charles D DirectSell7012026225.00833187,4252,864,025Form
    2Way, Charles D DirectSell6292026210.00833174,9302,848,020Form
    3Caulder, Alice LindsaySVP, Human ResourcesDirectSell6162026181.00609110,2292,657,442Form
    4Umstetter, Luke JSee remarksDirectSell6152026181.661,000181,6605,130,987Form
    5Robinson, Benjamin E Iii DirectSell5262026160.009014,400773,760Form
    6Robinson, Benjamin E Iii DirectSell5012026160.0018028,800788,160Form
    7Calmes, John L JRSee remarksDirectSell3112026141.881,000141,8807,141,388Form
    8Prashad, R ChadPresident and CEODirectSell12192025147.673,000442,99710,877,049Form
    9Calmes, John L JRSee remarksDirectSell12192025149.211,000149,2138,116,439Form
    10Dyer, Daniel ClintonSee remarksDirectSell12172025149.008,8571,319,6935,012,360Form
    11Dyer, Daniel ClintonSee remarksDirectSell12172025150.008913,3506,374,550Form
    12Caulder, Alice LindsaySVP, Human ResourcesDirectSell9182025167.331,000167,3302,763,455Form
    13Childers, Jason ESVP, Information TechnologyDirectSell9162025166.75759126,5632,671,835Form
    14Prashad, R ChadPresident and CEODirectSell9162025166.001,905316,23012,725,560Form
    15Prashad, R ChadPresident and CEODirectSell9162025166.637,0191,169,57513,091,275Form
    16Bramlett, Ken R JR DirectSell9112025167.193,389566,5905,384,193Form
    17Prescott, General Partners LlcPrescott Associates L.P.Sell9082025172.88260,29745,000,145164,593,862Form
    18Prescott, General Partners LlcPrescott International Partners L.P.Sell9082025172.8811,5692,000,0497,227,076Form
    19Prescott, General Partners LlcIdoya Partners L.P.Sell9082025172.8857,84410,000,07189,646,924Form
    20Prescott, General Partners LlcPrescott Investors Profit Sharing TrustSell9082025172.8817,3543,000,1608,693,444Form
    21Way, Charles D DirectSell8072025160.0040264,3202,463,200Form
    22Dyer, Daniel ClintonSee remarksDirectSell8012025159.0012820,3526,771,174Form
    23Dyer, Daniel ClintonSee remarksDirectSell7312025159.504,704750,2886,812,883Form

    Investor Activity (13F)

    Updated Jul 22, 2026
    13F holdings as of Mar 31, 2026 (Q1 2026)

    Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Prescott General Partners LLC$204.2 Mil15.0%10Hold13F
    Active Manager
    Active Manager
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Prescott General Partners LLC$204.2 Mil15.0%10Hold13F

    Industry Resources

    External Quote Links


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