OneMain Holdings Full Year 2024 Earnings: In Line With Expectations

OneMain Holdings (NYSE:OMF) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.50b (down 2.4% from FY 2023).
• Net income: US$509.0m (down 21% from FY 2023).
• Profit margin: 20% (down from 25% in FY 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: US$4.24 (down from US$5.33 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

OneMain Holdings Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

In the last 12 months, the only revenue segment was Consumer and Insurance contributing US$2.53b. Notably, cost of sales worth US$1.80b amounted to 72% of total revenue thereby underscoring the impact on earnings.Explore how OMF's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with OneMain Holdings (including 1 which is potentially serious).

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