Revenue has scaled from $1.4 billion in 2023Q4 to $1.6 billion by 2025Q4, though operating margins remain constrained in the mid-teens, peaking at 18.3% in 2025Q1 due to fixed branch costs.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|
| Sales/Revenue | 4.94B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 2.2B | 2.97B | 2.5B | 2.56B | 2.8B | 3.44B | 2.59B | 2.58B | 2.32B | 2.01B | 1.94B | 762M | 1.67B | 896M | 460.35M | 414.63M | 397.81M | -207.41M |
| Gross Margin % | 44.48% | 47.63% | 43.64% | 48.29% | 54.94% | 69.23% | 52.44% | 55.17% | 54.66% | 53.21% | 52.05% | 34.75% | 59.06% | 38.24% | 24.52% | 20.43% | 19.96% | -9.31% |
| Gross Profit Growth % | - | 19.06% | -2.42% | -8.51% | -18.76% | 33.09% | 0.15% | 11.43% | 15.09% | 3.76% | 154.72% | -54.34% | 86.27% | 94.63% | 11.03% | 4.23% | 291.8% | - |
| Operating Expenses | 1.51B | 1.97B | 1.83B | 1.72B | 1.64B | 1.7B | 1.61B | 1.49B | 1.69B | 1.58B | 1.58B | 988M | 808M | 818M | 765.72M | 774.77M | 43.2M | 807.48M |
| OpEx % of Revenue | - | 31.59% | 31.98% | 32.44% | 32.25% | 34.22% | 32.64% | 31.72% | 39.94% | 41.82% | 42.5% | 45.05% | 28.59% | 34.91% | 40.79% | 38.18% | 2.17% | 36.24% |
| Selling, General & Admin | 854M | 1.12B | 1.07B | 1.04B | 994M | 1.01B | 998M | 993M | 1.11B | 961M | 955M | 581M | 435M | 529M | 380.84M | 414.99M | 386.46M | 420.82M |
| SG&A % of Revenue | - | 17.96% | 18.66% | 19.7% | 19.52% | 20.41% | 20.23% | 21.21% | 26.15% | 25.39% | 25.61% | 26.49% | 15.39% | 22.58% | 20.29% | 20.45% | 19.39% | 18.89% |
| Research & Development | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 726M | 1B | 667M | 840M | 1.16B | 1.74B | 977M | 1.1B | 624M | 431M | 356M | -226M | 861M | 78M | -305.37M | -360.14M | 354.62M | -1.01B |
| Operating Margin % | 14.7% | 16.04% | 11.66% | 15.85% | 22.69% | 35.01% | 19.81% | 23.45% | 14.71% | 11.39% | 9.55% | -10.31% | 30.47% | 3.33% | -16.27% | -17.75% | 17.79% | -45.55% |
| Operating Income Growth % | - | 50.08% | -20.6% | -27.27% | -33.66% | 78.2% | -11.02% | 75.96% | 44.78% | 21.07% | 257.52% | -126.25% | 1003.85% | 125.54% | 15.21% | -201.56% | 134.94% | - |
| EBITDA | 943M | 1.29B | 944M | 1.1B | 1.42B | 2B | 1.24B | 1.37B | 913M | 759M | 877M | -28M | 884M | 23M | -140.15M | -85.32M | 512.29M | -878.03M |
| EBITDA Margin % | 19.09% | 20.63% | 16.5% | 20.7% | 27.83% | 40.32% | 25.16% | 29.24% | 21.53% | 20.05% | 23.52% | -1.28% | 31.28% | 0.98% | -7.47% | -4.2% | 25.7% | -39.41% |
| EBITDA Growth % | -7.46% | 36.44% | -13.95% | -22.58% | -29.33% | 61.56% | -9.35% | 49.95% | 20.29% | -13.46% | 3232.14% | -103.17% | 3743.48% | 116.41% | -64.26% | -116.65% | 158.35% | - |
| D&A (Non-Cash Add-back) | 217M | 287M | 277M | 257M | 262M | 264M | 264M | 271M | 289M | 328M | 521M | 198M | 23M | -55M | 165.22M | 274.82M | 157.67M | 136.85M |
| EBIT | 726M | 1B | 667M | 840M | 1.16B | 1.74B | 977M | 1.1B | 624M | 431M | 356M | -226M | 861M | 78M | -305.37M | -360.14M | 354.62M | -1.01B |
| Net Interest Income | 3.19B | 4.18B | 3.81B | 3.54B | 3.54B | 3.43B | 3.34B | 3.16B | 2.78B | 2.38B | 2.25B | 1.22B | 1.24B | 1.23B | 639.61M | 586.46M | 742M | 1.03B |
| Interest Income | 5.53B | 5.46B | 4.99B | 4.56B | 4.43B | 4.36B | 4.37B | 4.13B | 3.66B | 3.2B | 3.11B | 1.93B | 1.97B | 2.15B | 1.71B | 1.87B | 1.86B | 2.19B |
| Interest Expense | 1.28B | 1.27B | 1.19B | 1.02B | 892M | 937M | 1.03B | 970M | 875M | 816M | 856M | 715M | 734M | 920M | 1.08B | 1.28B | 1.11B | 1.16B |
| Other Income/Expense | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 1.02B | 1B | 667M | 840M | 1.16B | 1.74B | 977M | 1.1B | 624M | 431M | 356M | -226M | 861M | 78M | -305.37M | -360.14M | 354.62M | -1.01B |
| Pretax Margin % | 20.69% | 16.04% | 11.66% | 15.85% | 22.69% | 35.01% | 19.81% | 23.45% | 14.71% | 11.39% | 9.55% | -10.31% | 30.47% | 3.33% | -16.27% | -17.75% | 17.79% | -45.55% |
| Income Tax | 226M | 218M | 158M | 199M | 283M | 427M | 247M | 243M | 177M | 248M | 113M | -133M | 272M | -16M | -87.67M | -118.41M | -285.13M | -482.61M |
| Effective Tax Rate % | 22.11% | 21.78% | 23.69% | 23.69% | 24.5% | 24.53% | 25.28% | 22.13% | 28.37% | 57.54% | 31.74% | 58.85% | 31.59% | -20.51% | 28.71% | 32.88% | -80.4% | 47.55% |
| Net Income | 796M | 783M | 509M | 641M | 872M | 1.31B | 730M | 855M | 447M | 183M | 215M | -220M | 463M | -19M | -217.7M | -241.73M | 639.75M | -532.28M |
| Net Margin % | 16.12% | 12.54% | 8.9% | 12.1% | 17.13% | 26.42% | 14.8% | 18.26% | 10.54% | 4.83% | 5.77% | -10.03% | 16.38% | -0.81% | -11.6% | -11.91% | 32.1% | -23.89% |
| Net Income Growth % | 40.39% | 53.83% | -20.59% | -26.49% | -33.64% | 80% | -14.62% | 91.28% | 144.26% | -14.88% | 197.73% | -147.52% | 2536.84% | 91.27% | 9.94% | -137.79% | 220.19% | - |
| Net Income (Continuing) | 796M | 783M | 509M | 641M | 872M | 1.31B | 730M | 855M | 447M | 183M | 243M | -93M | 589M | 94M | -217.7M | -241.73M | 639.75M | -532.28M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -79M | -188.31M | 346.61M | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 6.79 | 6.56 | 4.24 | 5.31 | 7.01 | 9.88 | 5.41 | 6.27 | 3.29 | 1.35 | 1.59 | -1.72 | 4.38 | -0.19 | -1.95 | -2.17 | 5.73 | -4.77 |
| EPS Growth % | 42.07% | 54.72% | -20.15% | -24.25% | -29.05% | 82.62% | -13.72% | 90.58% | 143.7% | -15.09% | 192.44% | -139.27% | 2405.26% | 90.26% | 10.14% | -137.87% | 220.13% | - |
| EPS (Basic) | - | 6.59 | 4.25 | 5.35 | 7.02 | 9.91 | 5.42 | 6.28 | 3.29 | 1.35 | 1.60 | -1.72 | 4.40 | -0.18 | -1.95 | -2.17 | 5.73 | -4.77 |
| Diluted Shares Outstanding | 117.27M | 119.3M | 120.1M | 120.63M | 124.42M | 133.05M | 134.92M | 136.33M | 136.03M | 135.68M | 135.14M | 127.91M | 115.27M | 102.92M | 111.63M | 111.63M | 111.63M | 111.63M |
| Basic Shares Outstanding | 116.72M | 118.85M | 119.66M | 120.38M | 124.18M | 132.65M | 134.72M | 136.07M | 135.7M | 135.25M | 134.72M | 127.91M | 114.79M | 102.92M | 111.63M | 111.63M | 111.63M | 111.63M |
| Dividend Payout Ratio | - | 39.46% | 110.02% | 64.59% | 55.05% | 96.96% | 110.41% | 47.72% | - | - | 8.37% | - | 137.8% | - | - | - | - | - |
Credit loss volatility
Based on reported financial statements, OneMain Holdings has demonstrated consistent top-line growth, with quarterly revenue scaling from $1.4 billion in late 2023 to $1.6 billion by the end of 2025, reflecting a resilient demand profile for near-prime consumer installment loans despite broader macroeconomic headwinds.
The revenue trajectory appears supported by the company's extensive branch network, which facilitates localized loan origination and cross-selling of insurance products. Investors should monitor whether this growth remains sustainable as the consumer credit cycle normalizes and potential regulatory interest rate caps are introduced.
As indicated by recent income statement data, gross margins have fluctuated between 37.9% and 49.3%, highlighting the inherent volatility in the provision for credit losses which serves as the primary drag on profitability for this consumer-focused lender.
The variability in gross margins suggests that the company's pricing power is frequently offset by the rising cost of credit risk within its subprime borrower base. The reliance on wholesale funding markets further complicates margin stability, as interest expense may reprice more rapidly than the fixed-rate loan portfolio during periods of market stress.
According to historical income statement filings, operating margins have remained in the mid-teens, peaking at 18.3% in 2025Q1, which suggests that the company's physical branch footprint creates a significant fixed-cost burden that limits the scalability of operating income relative to gross profit growth.
The persistent SG&A expenditure, which has hovered near $280 million per quarter, indicates that the company's high-touch model requires substantial ongoing investment. This structure may prevent the company from achieving the operating leverage typically seen in digital-only fintech competitors, warranting caution regarding future margin expansion potential.
Based on the provided financial data, net income has exhibited significant quarterly variance, ranging from $71 million to $226 million, largely due to the impact of CECL accounting standards which mandate the immediate recognition of lifetime expected credit losses upon loan origination.
The volatility in EPS appears to be exacerbated by non-operating items and the amortization of origination fees, which may mask the underlying cash-generating capability of the business. Analysts should scrutinize the consistency of these provisions to determine if reported earnings accurately reflect the true economic health of the loan portfolio.
As reported in recent filings, the company's transition into revolving credit products alongside its traditional installment loans introduces new risk vectors, potentially increasing earnings sensitivity to consumer delinquency trends as pandemic-era savings buffers continue to deplete across the core borrower demographic.
Short-term performance may be vulnerable to a sudden spike in net charge-offs, which would necessitate higher provisioning and further compress net margins. The reliance on securitization markets for funding remains a critical point of failure that could limit liquidity if credit spreads widen unexpectedly.
Quick answers to the most common questions about buying OMF stock.
OneMain Holdings, Inc. (OMF) is profitable, generating $783.0M in net income for the fiscal year ending 2025 with a net profit margin of 12.5%.
OneMain Holdings, Inc. (OMF) reported an operating income of $1.00B, resulting in an operating profit margin of 16.0%. This margin reflects the operational efficiency of the business before interest and taxes.
OneMain Holdings, Inc. (OMF) generated $2.97B in gross profit for the year, representing a gross profit margin of 47.6%. This demonstrates the company's core pricing power and production efficiency.