Form 8-K

8-K — WORLD ACCEPTANCE CORP

Accession: 0001437749-26-033331

Filed: 2026-10-23

Period: 2026-10-23

CIK: 0000108385

SIC: 6141 (PERSONAL CREDIT INSTITUTIONS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — wrld20261022_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ex_1030266.htm)

GRAPHIC (logo.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: wrld20261022_8k.htm · Sequence: 1

wrld20261022_8k.htm

false

0000108385

2026-10-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

October 23, 2026

WORLD ACCEPTANCE CORPORATION

(Exact name of registrant as specified in its charter)

South Carolina

000-19599

57-0425114

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

104 S. Main Street, Greenville, South Carolina

29601

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code

(864) 298-9800

n/a

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, No Par Value

WRLD

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 2.02 Results of Operations and Financial Condition; and

Item 7.01 Regulation FD Disclosure.

On October 23, 2026, World Acceptance Corporation ("WRLD") issued a press release announcing financial information for its second quarter ended September 30, 2026. The press release is attached as Exhibit 99.1 to this Form 8-K and is furnished to, but not filed with, the Commission.

Item 9.01 Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit Number

Description of Exhibit

99.1

Press release issued October 23, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WORLD ACCEPTANCE CORPORATION

(Registrant)

October 23, 2026

By:

/s/ John Calmes, Jr.

John Calmes, Jr.

President and Chief Executive Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ex_1030266.htm · Sequence: 2

ex_1030266.htm

Exhibit 99.1

NEWS RELEASE

For Immediate Release

Contact:

John L. Calmes, Jr.

President and Chief Executive Officer

(864) 298-9800

GREENVILLE, S.C. (October 23, 2026) - World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its second quarter of fiscal 2027.

WORLD ACCEPTANCE CORPORATION REPORTS FISCAL 2027 SECOND QUARTER RESULTS

Second fiscal quarter highlights

Highlights from the second quarter include:

•

Net income of $8.8 million, or $1.92 per diluted share, in the second quarter, a $10.4 million increase, or $2.25 increase per share, compared to the same quarter of the prior fiscal year;

•

Total revenues increased $4.4 million to $139.2 million, or 3.2%, compared to the same quarter of the prior fiscal year;

•

Loans 0-60 days past due on a recency basis decreased from 20.0% as of September 30, 2025, to 18.9% as of September 30, 2026;

•

Loans 61 days or more past due on a recency basis decreased from 5.8% as of September 30, 2025, to 5.4% as of September 30, 2026; and

•

Repurchased 133,199 shares, or 3.0% of the outstanding shares, for approximately $25.0 million during the quarter.

Portfolio results

Gross loans outstanding were $1.319 billion as of September 30, 2026, a 0.3% increase from the $1.315 billion of gross loans outstanding as of September 30, 2025.

During the most recent quarter, borrowing by existing customers increased, compared to the prior-year quarter, while borrowing by new customers declined. Refinanced customer loan volume increased 4.4% in the most recent quarter, compared to the same quarter of fiscal year 2026. New and former customer loan volume decreased 18.1% and 9.9%, respectively, compared to the same quarter of fiscal year 2026. At the end of the prior fiscal year, we tightened our underwriting of new customers given the proportion of new customers already in the portfolio and increasing macroeconomic uncertainty. As a result, our customer base decreased by 5.4% during the twelve-month period ended September 30, 2026, compared to an increase of 6.2% for the comparable period ended September 30, 2025. We have since loosened underwriting and expect to carefully increase new customer lending in the coming quarters.

The following table includes the volume of gross loan origination balances, excluding tax advance loans, by customer type for the following comparative quarterly periods:

Q2 FY 2027

Q2 FY 2026

Q2 FY 2025

New Customers

$51,154,557

$62,445,847

$44,479,349

Former Customers

$94,397,825

$104,794,933

$100,630,514

Refinance Customers

$587,613,067

$562,635,073

$557,020,707

As of September 30, 2026, World Acceptance Corporation (the "Company" or "we") had 1,009 open branches. For branches open at least twelve months, same store gross loans increased 0.1% in the twelve-month period ended September 30, 2026, compared to a 3.3% increase for the twelve-month period ended September 30, 2025. For branches open throughout both periods, the customer base over the twelve-month period ended September 30, 2026, decreased 5.2%, compared to an increase of 7.9% for the twelve-month period ended September 30, 2025.

-MORE-

WRLD Reports Fiscal 2027 Second Quarter Results

Page 2

Three-month financial results

Net income for the second quarter of fiscal 2027 increased by $10.4 million to $8.8 million from a net loss of $1.7 million for the same quarter of the prior fiscal year. Net income per diluted share was $1.92 in the second quarter of fiscal 2027, compared to $0.33 of net loss per diluted share for the same quarter of the prior year.

Total revenues for the second quarter of fiscal 2027 increased to $139.2 million, a 3.2% increase from $134.8 million for the same quarter of the prior fiscal year. Interest and fee income increased 3.6%, from $119.0 million in the second quarter of fiscal 2026 to $123.3 million in the second quarter of fiscal 2027. Insurance income decreased to $11.6 million in the second quarter of fiscal 2027, compared to $11.9 million in the second quarter of fiscal 2026. Interest and insurance yields for the quarter ended September 30, 2026, increased 158 basis points, compared to the quarter ended September 30, 2025. Other income increased $0.3 million, or 8.3%, to $4.3 million in the second quarter of fiscal 2027, compared to $4.0 million in the second quarter of fiscal 2026.

The provision for credit losses decreased $3.8 million to $46.0 million, from $49.8 million when comparing the second quarter of fiscal 2027 to the second quarter of fiscal 2026. The table below itemizes the key components of the current expected credit loss ("CECL") allowance and provision impact during the quarter.

CECL Allowance and Provision (Dollars in millions)

Q2 FY 2027

Q2 FY 2026

Difference

Reconciliation

Beginning Allowance - June 30

112.5

109.1

3.4

Change due to Growth

2.1

4.3

(2.2

)

(2.2

)

Change due to Expected Loss Rate on Performing Loans

1.5

2.9

(1.4

)

(1.4

)

Change due to 90 days past due

0.2

1.5

(1.3

)

(1.3

)

Ending Allowance - September 30

116.3

117.8

(1.5

)

(4.9

)

Net Charge-offs

42.2

41.1

1.1

Provision

46.0

49.8

(3.8

)

(3.8

)

Note: The change in allowance for the quarter plus net charge-offs for the quarter equals the provision for the quarter (see above reconciliation).

Net charge-offs for the quarter increased $1.1 million, from $41.1 million in the second quarter of fiscal 2026, to $42.2 million in the second quarter of fiscal 2027. Net charge-offs as a percentage of average net loans receivable on an annualized basis increased to 17.6% in the second quarter of fiscal 2027 from 17.1% in the second quarter of fiscal 2026.

Accounts 61 days or more past due decreased to 5.4% on a recency basis at September 30, 2026, compared to 5.8% at September 30, 2025. Recency delinquency on accounts 0 to 60 days past due decreased from 20.0% at September 30, 2025, to 18.9% at September 30, 2026. Our allowance for credit losses as a percentage of net loans receivable was 12.0% at September 30, 2026, compared to 12.1% at September 30, 2025.

The table below reflects the customer tenure-based methodology, which aligns with our CECL methodology and illustrates changes in portfolio weighting.

Gross Loan Balance By Customer Tenure at Origination

As of

Less Than 2 Years

More Than 2 Years

Total

09/30/2021

$455,201,848

$939,669,804

$1,394,871,652

09/30/2022

$481,374,232

$1,117,025,275

$1,598,399,507

09/30/2023

$324,731,250

$1,054,823,272

$1,379,554,522

09/30/2024

$259,160,389

$1,036,732,429

$1,295,892,818

09/30/2025

$325,775,472

$989,710,451

$1,315,485,923

09/30/2026

$323,282,660

$991,271,916

$1,314,554,576

-MORE-

WRLD Reports Fiscal 2027 Second Quarter Results

Page 3

Year-Over-Year Growth (Decline) in Gross Loan Balance by Customer Tenure at Origination

12 Month Period Ended

Less Than 2 Years

More Than 2 Years

Total

09/30/2021

$89,959,257

$195,487,499

$285,446,756

09/30/2022

$26,172,384

$177,355,471

$203,527,855

09/30/2023

$(156,642,982)

$(62,202,003)

$(218,844,985)

09/30/2024

$(65,570,861)

$(18,090,843)

$(83,661,704)

09/30/2025

$66,615,083

$(47,021,978)

$19,593,105

09/30/2026

$(2,492,812)

$1,561,465

$(931,347)

Portfolio Mix by Customer Tenure at Origination

As of

Less Than 2 Years

More Than 2 Years

09/30/2021

32.6%

67.4%

09/30/2022

30.1%

69.9%

09/30/2023

23.5%

76.5%

09/30/2024

20.0%

80.0%

09/30/2025

24.8%

75.2%

09/30/2026

24.6%

75.4%

General and administrative (“G&A”) expenses decreased $2.1 million, or 2.9%, to $69.9 million in the second quarter of fiscal 2027, compared to $72.0 million in the same quarter of the prior fiscal year. As a percentage of revenues, G&A expenses decreased from 53.4% during the second quarter of fiscal 2026 to 50.2% during the second quarter of fiscal 2027.

Personnel expense decreased $3.8 million, or 8.0%, during the second quarter of fiscal 2027, compared to the second quarter of fiscal 2026.

Salary expense decreased approximately $0.3 million, or 1.0%, during the quarter ended September 30, 2026, compared to the quarter ended September 30, 2025. Our headcount as of September 30, 2026, decreased 3.4%, compared to September 30, 2025.

Benefit expense increased approximately $0.4 million, or 4.9%, when comparing the quarterly periods ended September 30, 2026 and 2025.

Incentive expense decreased $4.2 million in the second quarter of fiscal 2027, compared to the second quarter of fiscal 2026. The decrease in incentive expense is primarily due to a decrease in share-based compensation expense.

Occupancy and equipment expense increased approximately $0.5 million, or 4.4%, when comparing the quarterly periods ended September 30, 2026 and 2025.

Advertising expense increased $0.8 million, or 36.7%, in the second quarter of fiscal 2027, compared to the second quarter of fiscal 2026 due to increased spending on new customer acquisition programs.

Interest expense for the quarter ended September 30, 2026, decreased by $2.7 million, or 18.8%, from the corresponding quarter of the previous year. Interest expense decreased primarily because the prior-year quarter included a $3.0 million early call penalty on our long-term notes and a $0.7 million write-off of the remaining unamortized debt issuance costs, neither of which recurred in the current quarter. This decrease was partially offset by a 13.3% increase in average debt outstanding. The average debt outstanding increased from $514.4 million to $582.8 million, when comparing the quarters ended September 30, 2025 and 2026. The Company’s debt to equity ratio increased to 1.7:1 at September 30, 2026, compared to 1.6:1 at September 30, 2025. As of September 30, 2026, the Company had $592.1 million of debt outstanding.

Other key return ratios for the second quarter of fiscal 2027 included a 4.6% return on average assets and a return on average equity of 13.9% (both on a trailing twelve-month basis).

-MORE-

WRLD Reports Fiscal 2027 Second Quarter Results

Page 4

The Company repurchased 133,199 shares, or 3.0% of its outstanding common stock, at an aggregate purchase price of approximately $25.0 million during the second quarter of fiscal 2027. This is in addition to repurchases of 15,858 shares during the first quarter at an aggregate purchase price of approximately $2.2 million. The Company repurchased 3.3% of its outstanding shares year to date. This is in addition to repurchases of 858,642 shares during fiscal 2026 at an aggregate purchase price of approximately $132.4 million. As of September 30, 2026, the Company had approximately $25.0 million in aggregate remaining repurchase capacity under its current share repurchase program and $47.5 million in aggregate remaining repurchase capacity under the terms of its revolving credit facility (subject to further board approval). The Company repurchased 400,617 shares during fiscal 2025 at an aggregate purchase price of approximately $54.2 million. The Company had approximately 4.5 million common shares outstanding, excluding 131,690 unvested restricted shares, as of September 30, 2026.

Six-month financial results

Net income for the six months ended September 30, 2026, was $14.9 million, compared to net loss of $0.1 million for the same period of the prior fiscal year. This resulted in net income of $3.25 per diluted share for the six months ended September 30, 2026, compared to net loss of $0.01 per diluted share in the prior-year period. Income before taxes for the six months ended September 30, 2026, was $19.6 million compared to $1.0 million in the prior-year period. The six months ended September 30, 2026, included $4.8 million ($3.6 million after tax) in expense related to the CEO transition. Adjusted net income, a non-GAAP financial measure that excludes the after-tax impact of the CEO transition expense, was $18.5 million for the six months ended September 30, 2026, and adjusted net income per diluted share was $4.05. A reconciliation of each non-GAAP measure to the most directly comparable GAAP measure is provided under "Non-GAAP Financial Measures" below.

Total revenues for the first six months of fiscal 2027 increased 4.0% to $278.4 million, compared to $267.6 million during the corresponding period of the previous year, mostly due to a portfolio shift in mix to higher-yielding smaller loans. Annualized net charge-offs as a percent of average net loans decreased from 18.3% during the first six months of fiscal 2026 to 17.9% for the first six months of fiscal 2027.

Non-GAAP financial measures

From time-to-time the Company uses certain financial measures derived on a basis other than generally accepted accounting principles (“GAAP”), primarily by excluding from a comparable GAAP measure certain items the Company does not consider to be representative of its actual operating performance. Such financial measures qualify as “non-GAAP financial measures” as defined in SEC rules. The Company uses these non-GAAP financial measures in operating its business because management believes they are less susceptible to variances in actual operating performance that can result from the excluded items and other infrequent charges. The Company may present these financial measures to investors because management believes they are useful to investors in evaluating the primary factors that drive the Company’s core operating performance and provide greater transparency into the Company’s results of operations. However, items that are excluded and other adjustments and assumptions that are made in calculating these non-GAAP financial measures are significant components to understanding and assessing the Company’s financial performance. Such non-GAAP financial measures should be evaluated in conjunction with, and are not a substitute for, the Company’s GAAP financial measures. Further, because these non-GAAP financial measures are not determined in accordance with GAAP and are, thus, susceptible to varying calculations, any non-GAAP financial measures, as presented, may not be comparable to other similarly titled measures of other companies.

For purposes of assessing performance, the Company has presented adjusted net income and adjusted net income per diluted share for the six-months ended September 30, 2026, to remove the after-tax impact of the CEO transition expense from the corresponding GAAP earnings metrics. Management believes these non-GAAP measures provide investors with useful supplemental information regarding the Company's operating performance by excluding an item management does not consider indicative of ongoing operations.

-MORE-

WRLD Reports Fiscal 2027 Second Quarter Results

Page 5

This measure has limitations as an analytical tool and should not be considered in isolation or as a substitute for GAAP earnings or other income statement data prepared in accordance with GAAP. The following table reconciles GAAP income before income taxes to Adjusted net income:

Six months ended September 30,

2026

2025

Income before income taxes

19,565,948

965,157

Expenses:

Personnel

4,317,348

—

Other

484,272

—

Adjusted income before income taxes

24,367,568

965,157

Income tax expense at actual rate

5,848,216

1,042,303

Adjusted net income (loss)

18,519,352

(77,146

)

Weighted average dilutive shares outstanding

4,569,698

5,158,066

Adjusted net income (loss) per common share, diluted

4.05

(0.01

)

About World Acceptance Corporation (World Finance)

Founded in 1962, World Acceptance Corporation (NASDAQ: WRLD), is a people-focused finance company that provides personal installment loan solutions and personal tax preparation and filing services to over one million customers each year. Headquartered in Greenville, South Carolina, the Company operates more than 1,000 community-based World Finance branches across 16 states. The Company primarily serves a segment of the population that does not have ready access to credit; however, unlike many other lenders in this segment, we strive to work with our customers to understand their broader financial pictures, ensure they have the ability and stability to make payments, and help them achieve their financial goals. For more information, visit www.loansbyworld.com.

Second quarter conference call

The senior management of World Acceptance Corporation will be discussing these results in its quarterly conference call to be held at 10:00 a.m. Eastern Time today. A simulcast of the conference call will be available on the Internet at https://event.choruscall.com/mediaframe/webcast.html?webcastid=035RXwGf. The call will be available for replay on the Internet for approximately 30 days.

During the conference call, the Company may discuss and answer questions concerning business and financial developments and trends that have occurred after quarter-end. The Company’s responses to questions, as well as other matters discussed during the conference call, may contain or constitute information that has not been disclosed previously.

-MORE-

WRLD Reports Fiscal 2027 Second Quarter Results

Page 6

Cautionary Note Regarding Forward-looking Information

This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, that represent the Company’s current expectations or beliefs concerning future events. Statements other than those of historical fact, as well as those identified by words such as “anticipate,” “estimate,” "intend,” “plan,” “expect,” “project,” “believe,” “may,” “will,” “should,” “would,” “could,” “probable” and any variation of the foregoing and similar expressions are forward-looking statements. Such forward-looking statements are inherently subject to risks and uncertainties. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include the following: recently enacted, proposed or future legislation and the manner in which it is implemented, including pursuant to policies of the current U.S. administration; changes in the U.S. tax code; the nature and scope of regulatory authority, particularly discretionary authority, that is or may be exercised by regulators, including, but not limited to, U.S. Consumer Financial Protection Bureau, and individual state regulators having jurisdiction over the Company; the unpredictable nature of regulatory examinations, proceedings and litigation; employee misconduct or misconduct by third parties; uncertainties associated with management turnover and the effective succession of senior management, including the recent CEO transition; media and public characterization of consumer installment loans; labor unrest; the impact of changes in accounting rules and regulations, or their interpretation or application, which could materially and adversely affect the Company’s reported consolidated financial statements or necessitate material delays or changes in the issuance of the Company’s audited consolidated financial statements; the Company's assessment of its internal control over financial reporting; changes in interest rates; the impact of inflation and macroeconomic uncertainty; political and other risks, including the impact of wars, geopolitical conflict, regional conflicts and terrorism; risks relating to the acquisition or sale of assets or businesses or other strategic initiatives, including increased loan delinquencies or net charge-offs, the loss of key personnel, integration or migration issues, the failure to achieve anticipated synergies, increased costs of servicing, incomplete records, and retention of customers; risks inherent in making loans, including repayment risks and value of collateral; cybersecurity threats or incidents, including the potential or actual misappropriation of assets or sensitive information, corruption of data or operational disruption and the cost of the associated response thereto; our dependence on debt and the potential impact of limitations in the Company’s revolving credit facility and warehouse facility or other impacts on the Company's ability to borrow money on favorable terms, or at all; the timing and amount of revenues that may be recognized by the Company; changes in current revenue and expense trends (including trends affecting delinquency and charge-offs); the impact of extreme weather events and natural disasters; changes in the Company’s markets and general changes in the economy (particularly in the markets served by the Company).

These and other factors are discussed in greater detail in Part I, Item 1A,“Risk Factors” in the Company’s most recent annual report on Form 10-K for the fiscal year ended March 31, 2026, as filed with the SEC and the Company’s other reports filed with, or furnished to, the SEC from time to time. World Acceptance Corporation does not undertake any obligation to update any forward-looking statements it makes. The Company is also not responsible for updating the information contained in this press release beyond the publication date, or for changes made to this document by wire services or Internet services.

-MORE-

WRLD Reports Fiscal 2027 Second Quarter Results

Page 7

WORLD ACCEPTANCE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited and in thousands, except per share amounts)

Three months ended September 30,

Six months ended September 30,

2026

2025

2026

2025

Revenues:

Interest and fee income

123,277

118,958

244,792

234,261

Insurance and other income, net

15,930

15,890

33,624

33,362

Total revenues

139,207

134,848

278,416

267,623

Expenses:

Provision for credit losses

46,002

49,841

89,759

100,357

General and administrative expenses:

Personnel

44,146

47,989

94,972

93,751

Occupancy and equipment

12,345

11,820

24,380

23,605

Advertising

2,968

2,171

5,093

4,470

Amortization of intangible assets

752

809

1,526

1,640

Other

9,675

9,180

20,046

18,863

Total general and administrative expenses

69,886

71,969

146,017

142,329

Interest expense

11,651

14,343

23,074

23,972

Total expenses

127,539

136,153

258,850

266,658

Income (loss) before income taxes

11,668

(1,305

)

19,566

965

Income tax expense

2,913

358

4,705

1,042

Net income (loss)

8,755

(1,663

)

14,861

(77

)

Net income (loss) per common share, diluted

1.92

(0.33

)

3.25

(0.01

)

Weighted average diluted shares outstanding

4,558

5,093

4,570

5,158

-MORE-

WRLD Reports Fiscal 2027 Second Quarter Results

Page 8

WORLD ACCEPTANCE CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(unaudited and in thousands)

September 30, 2026

March 31, 2026

September 30, 2025

ASSETS

Cash

8,308

6,071

9,409

Gross loans receivable

1,319,019

1,278,988

1,315,492

Less:

Unearned interest, insurance and fees

(346,909

)

(325,064

)

(339,119

)

Allowance for credit losses

(116,326

)

(112,047

)

(117,797

)

Loans receivable, net

855,784

841,877

858,576

Restricted cash

19,001

23,303

5,473

Income taxes receivable

5,887

2,421

11,574

Operating lease right-of-use assets, net

75,608

71,527

73,051

Property and equipment, net

17,021

17,431

18,465

Deferred income taxes, net

38,182

41,241

33,176

Other assets, net

54,041

38,669

40,191

Goodwill

7,371

Intangible assets, net

2,684

4,209

5,755

Total assets

1,083,887

1,054,120

1,063,041

LIABILITIES & SHAREHOLDERS' EQUITY

Liabilities:

Revolving credit facility

502,521

443,935

584,586

Warehouse facility

89,572

143,293

—

Operating lease liability

78,075

73,965

75,497

Accounts payable and accrued expenses

61,820

37,996

36,632

Deferred revenue (contract liability)

3,061

3,926

2,644

Total liabilities

735,049

703,115

699,359

Shareholders' equity

348,838

351,005

363,682

Total liabilities and shareholders' equity

1,083,887

1,054,120

1,063,041

-MORE-

WRLD Reports Fiscal 2027 Second Quarter Results

Page 9

WORLD ACCEPTANCE CORPORATION AND SUBSIDIARIES

SELECTED CONSOLIDATED STATISTICS

(unaudited and in thousands, except percentages and branches)

Three months ended September 30,

Six months ended September 30,

2026

2025

2026

2025

Gross loans receivable

1,319,019

1,315,492

1,319,019

1,315,492

Average gross loans receivable

(1)

1,303,977

1,294,106

1,292,621

1,267,156

Net loans receivable

(2)

972,110

976,373

972,110

976,373

Average net loans receivable

(3)

961,198

959,473

956,064

941,397

Expenses as a percentage of total revenue:

Provision for credit losses

33.0

37.0

32.2

37.5

General and administrative

50.2

53.4

52.4

53.2

Interest expense

8.4

10.6

8.3

9.0

Operating income as a % of total revenue

(4)

16.8

9.7

15.3

9.3

Loan volume

(5)

733,123

729,803

1,492,040

1,481,305

Net charge-offs as percent of average net loans receivable on an annualized basis

17.6

17.1

17.9

18.3

Return on average assets (trailing 12 months)

4.6

5.5

4.6

5.5

Return on average equity (trailing 12 months)

13.9

Branches opened or acquired (merged or closed), net

—

)

—

(11

)

Branches open (at period end)

1,009

1,013

1,009

1,013

(1) Average gross loans receivable is determined by averaging month-end gross loans receivable over the indicated period.

(2) Net loans receivable is defined as gross loans receivable less unearned interest, insurance and fees.

(3)

Average net loans receivable is determined by averaging month-end gross loans receivable less unearned interest, insurance and fees over the indicated period.

(4)

Operating income is computed as total revenues less provision for credit losses and general and administrative expenses.

(5) Loan volume includes all loan balances originated by the Company. It does not include loans purchased through acquisitions.

-END-

GRAPHIC

Filename: logo.jpg · Sequence: 7

Binary file (9373 bytes)

Download logo.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 9

v3.26.3

Document And Entity Information

Oct. 23, 2026

Document Information [Line Items]

Entity, Registrant Name

WORLD ACCEPTANCE CORPORATION

Document, Type

8-K

Document, Period End Date

Oct. 23, 2026

Entity, Incorporation, State or Country Code

Entity, File Number

000-19599

Entity, Tax Identification Number

57-0425114

Entity, Address, Address Line One

104 S. Main Street

Entity, Address, City or Town

Greenville

Entity, Address, State or Province

Entity, Address, Postal Zip Code

29601

City Area Code

864

Local Phone Number

298-9800

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock

Trading Symbol

WRLD

Security Exchange Name

NASDAQ

Entity, Emerging Growth Company

false

Amendment Flag

false

Entity, Central Index Key

0000108385

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_DocumentInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration