OneMain Holdings (OMF) Q1 FY2022 earnings: revenue $1.0 billion, up 12.7% on the year

OneMain Holdings, Inc. (OMF) reported revenue of $1.0 billion for Q1 FY2022, the quarter ended 31 March 2022, up 12.7% on the same quarter a year earlier. Net income was $303 million, down 26.6% on the year, and diluted earnings per share $2.38. The figures are the company's own, from the 10-Q it filed with the SEC on 29 April 2022.

Revenue$1.0 billionup 12.7%

Net income$303 milliondown 26.6%

Diluted EPS$2.38

QuarterQ1 FY2022ended 31 March 2022

The quarter, against the one before and a year earlier

Line	Q1 FY2022	Q4 FY2021	A year earlier	Change on the year
Revenue	1,032	1,021	n/a	n/a
Pre-tax income	399	356	n/a	n/a
Income tax	96.0	93.0	n/a	n/a
Effective tax rate	24.1%	26.1%	n/a
Net income	303	263	n/a	n/a
Net margin	29.4%	25.8%	n/a
Diluted EPS	$2.38	$2.04	n/a	n/a

$ 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. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

Line	Q1 FY2022	Q4 FY2021	A year earlier	Change on the year
Operating cash flow	552	608	n/a	n/a
Cash from investing	50.0	-644	n/a	n/a
Cash from financing	-448	-227	n/a	n/a
Depreciation and amortisation	61.0	67.0	n/a	n/a
Share-based compensation	12.0	7.0	n/a	n/a
Buybacks	110	192	n/a	n/a
Dividends paid	126	89.0	n/a	n/a
Dividend per share	$0.95	n/a	n/a	n/a
Diluted shares, weighted	127m	133m	n/a	n/a
Shares outstanding at period end	126m	128m	n/a	n/a

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	Q1 FY2022	Q4 FY2021	A year earlier	Change on the year
Shareholders' equity	3,089	3,093	n/a	n/a
Debt	17,560	17,750	n/a	n/a
Other liabilities	1,159	1,236	n/a	n/a
Total liabilities and equity	21,808	22,079	n/a	n/a
Goodwill	1,437	1,437	n/a	n/a
Intangible assets	274	274	n/a	n/a
Securities held for sale or to maturity	1,700	1,907	n/a	n/a
Trading assets	78.0	85.0	n/a	n/a
Cash and equivalents	640	541	n/a	n/a
Other assets	17,679	17,835	n/a	n/a
Total assets	21,808	22,079	n/a	n/a

Questions

What was OneMain Holdings' revenue in Q1 FY2022?

OneMain Holdings (OMF) reported revenue of $1.0 billion for Q1 FY2022, the quarter ended 31 March 2022, up 12.7% on the same quarter a year earlier.

How much did OneMain Holdings earn in Q1 FY2022?

Net income for Q1 FY2022 was $303 million, down 26.6% on the year, and diluted earnings per share $2.38.

When did OneMain Holdings report Q1 FY2022 results?

OneMain Holdings filed its 10-Q for the quarter ended 31 March 2022 with the SEC on 29 April 2022.

Quarterly results, the last 20 quarters

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022 †	Q2 FY2022 †	Q3 FY2022 †	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	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	1,031	1,021	1,032	1,015	1,065	1,060	1,032	1,058	1,085	1,105	1,076	1,096	1,163	1,168	1,184	1,198	1,235	1,286	1,262	1,298
Pre-tax income	376	356	399	278	246	237	235	138	246	221	204	92.0	207	164	275	214	263	249	296	196
Tax rate	23%	26%	24%	25%	25%	24%	24%	25%	21%	25%	24%	23%	24%	23%	23%	22%	24%	18%	24%	22%
Net income	288	263	303	208	185	180	179	103	194	165	155	71.0	157	126	213	167	199	204	226	152
Net margin	28%	26%	29%	20%	17%	17%	17%	10%	18%	15%	14%	6%	13%	11%	18%	14%	16%	16%	18%	12%
Diluted EPS	$2.17	$2.04	$2.38	$1.67	$1.49	$1.48	$1.48	$0.85	$1.61	$1.38	$1.29	$0.59	$1.31	$1.05	$1.78	$1.40	$1.67	$1.72	$1.93	$1.32
Operating cash flow	509	608	552	626	545	664	562	683	596	678	558	712	677	752	665	774	828	865	739	800
Buybacks	141	192	110	94.0	43.0	56.0	27.0	7.0	11.0	20.0	5.0	8.0	19.0	3.0	16.0	21.0	33.0	71.0	107	32.0
Dividends paid	557	89.0	126	120	118	116	123	122	121	121	122	125	126	125	126	125	125	123	128	122
Shares outstanding	131m	128m	126m	124m	123m	121m	121m	120m	120m	120m	120m	120m	119m	119m	119m	119m	118m	117m	116m	115m
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	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 its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 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.

10-Q for the period ended 31 March 2022, filed 29 April 2022: the filing.