Credit Acceptance (CACC) Q4 FY2024 earnings: revenue $566 million, up 15.1% on the year

Credit Acceptance Corp. (CACC) reported revenue of $566 million for Q4 FY2024, the quarter ended 31 December 2024, up 15.1% on the same quarter a year earlier. Net income was $152 million, up 62.3% on the year, and diluted earnings per share $12.26. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2025.

Revenue$566 millionup 15.1%

Net income$152 millionup 62.3%

Diluted EPS$12.26

QuarterQ4 FY2024ended 31 December 2024

The quarter, against the one before and a year earlier

Line	Q4 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Revenue	566	550	492	+15.1%
Operating income	192	106	116	+64.9%
Operating margin	33.9%	19.4%	23.7%
Interest expense	111	111	78.8	+41.2%
Pre-tax income	192	106	116	+64.9%
Income tax	40.0	27.7	22.8	+75.4%
Effective tax rate	20.8%	26.0%	19.6%
Net income	152	78.8	93.6	+62.3%
Net margin	26.8%	14.3%	19.0%
Diluted EPS	$12.26	$6.35	$7.29	+68.2%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Operating cash flow	306	318	311	-1.6%
Capital expenditure	0.7	0.4	1.7	-58.8%
Free cash flow	306	317	310	-1.3%
Free cash flow margin	54.0%	57.7%	63.0%
Cash from investing	-187	-424	-345	n/a
Cash from financing	9.7	305	66.4	-85.4%
Share-based compensation	12.8	10.7	10.1	+26.7%
Buybacks	61.4	0.0	53.6	+14.6%
Diluted shares, weighted	12m	12m	13m	-3.5%
Shares outstanding at period end	12m	12m	13m	-3.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Shareholders' equity	1,750	1,646	1,754	-0.2%
Debt	991	991	989	+0.2%
Other liabilities	6,114	6,046	4,868	+25.6%
Total liabilities and equity	8,855	8,683	7,610	+16.4%
Fixed assets	14.7	15.2	46.5	-68.4%
Securities held for sale or to maturity	106	114	93.2	+14.2%
Loans	n/a	n/a	6,955	n/a
Cash and equivalents	344	160	13.2	+2503.8%
Other assets	8,390	8,394	502	+1571.3%
Total assets	8,855	8,683	7,610	+16.4%

Questions

What was Credit Acceptance's revenue in Q4 FY2024?

Credit Acceptance (CACC) reported revenue of $566 million for Q4 FY2024, the quarter ended 31 December 2024, up 15.1% on the same quarter a year earlier.

How much did Credit Acceptance earn in Q4 FY2024?

Net income for Q4 FY2024 was $152 million, up 62.3% on the year, and diluted earnings per share $12.26.

When did Credit Acceptance report Q4 FY2024 results?

Credit Acceptance filed its 10-K for the year that ended with the quarter on 12 February 2025; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	479	492	508	538	550	566	571	584	582	580	580	587
Operating income	96.5	116	86.4	-55.3	106	192	142	118	149	157	175	169
Operating margin	20%	24%	17%	-10%	19%	34%	25%	20%	26%	27%	30%	29%
Interest expense	70.5	78.8	92.5	104	111	111	115	118	116	114	108	107
Pre-tax income	96.5	116	86.4	-55.3	106	192	142	118	149	157	175	169
Tax rate	27%	20%	26%	n/a	26%	21%	25%	26%	27%	22%	22%	19%
Net income	70.8	93.6	64.3	-47.1	78.8	152	106	87.4	108	122	136	136
Net margin	15%	19%	13%	-9%	14%	27%	19%	15%	19%	21%	23%	23%
Diluted EPS	$5.43	$7.29	$5.08	-$3.83	$6.35	$12.26	$8.66	$7.42	$9.43	$10.99	$12.40	$12.66
Operating cash flow	313	311	310	204	318	306	346	140	299	269	347	310
Capital expenditure	n/a	1.7	0.3	0.4	0.4	0.7	0.3	0.3	0.6	0.4	1.3	1.6
Free cash flow	n/a	310	310	204	317	306	346	139	299	269	346	308
Buybacks	126	53.6	191	60.8	0.0	61.4	164	262	107	191	179	141
Shares outstanding	13m	13m	12m	12m	12m	12m	12m	11m	11m	11m	10m	10m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2024, filed 12 February 2025, accession 0000885550-25-000012: the filing on EDGAR. All of Credit Acceptance Corp.'s filings: EDGAR company page.

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