Bread Financial Q2 FY26 net income rises 5% to $146 million; revenue increases 7% to $993 million

Bread Financial posted 2Q26 net income of $146 million, up 5% year-over-year, with diluted EPS rising 21% to $3.55.

Revenue climbed 7% to $993 million, driven by loan growth, pricing changes, lower interest expense, and higher interchange and merchant fees.

Credit sales rose 11% to $7.5 billion; end-of-period loans increased 5% to $18.5 billion.

Credit quality improved, with the delinquency rate falling 48 basis points to 5.25% and the net loss rate dropping 90 basis points to 6.98%.

Bread Financial raised its 2026 outlook, projecting low- to mid-single-digit growth in average loans and revenue, with net loss rate guidance tightened to 7.0%–7.1%.