EZCORP Reports 46% Revenue Growth to $446.9 Million in Latest Quarter

EZCORP, Inc. reported significant financial growth in its latest quarterly results, with total revenues reaching $446.9 million for the three months ended March 31, 2026, a 46% increase from $306.3 million in the same period last year. The company's net income also saw a substantial rise, climbing to $49.1 million, compared to $25.4 million in the prior year, resulting in basic earnings per share of $0.80, up from $0.46. For the six months ending March 31, 2026, revenues totaled $828.9 million, a 32% increase from $626.5 million in the previous year, while net income rose to $93.4 million from $56.4 million.

The company attributed its financial performance to increased merchandise sales, which grew to $214.5 million from $169.5 million, and a significant rise in jewelry scrap sales, which surged to $81.2 million from $20.9 million. Pawn service charges also contributed positively, increasing to $151.1 million from $115.9 million. Operating income for the quarter was reported at $67.8 million, compared to $34.2 million in the prior year, reflecting improved operational efficiency despite rising operating expenses, which totaled $192.2 million, up from $144.2 million.

Strategically, EZCORP made notable acquisitions, including Founders One, LLC, and its subsidiary Simple Management Group, Inc., which was completed on January 2, 2026. This acquisition is expected to enhance the company's global pawn operations, as Founders operates 105 pawn stores across the U.S. and 11 other countries. Additionally, the company acquired 12 pawn stores in Texas under the name "El Bufalo Pawn" for approximately $27.8 million. These acquisitions are anticipated to contribute to revenue growth and operational synergies moving forward.

Operationally, EZCORP reported an increase in pawn loans, which rose to $349.4 million from $261.8 million year-over-year. The company also noted a rise in customer layaway deposits, which increased to $39.5 million from $31.0 million. The total employee headcount as of March 31, 2026, was not disclosed, but the company continues to expand its workforce in line with its growth strategy. The company’s total assets increased to $2.1 billion, up from $1.8 billion a year earlier, driven by the acquisitions and growth in inventory.

Looking ahead, EZCORP expressed optimism about its growth trajectory, citing the successful integration of recent acquisitions and the potential for further geographic expansion. The company plans to leverage its enhanced operational capabilities to capture a larger market share in the pawn industry, particularly in the U.S. and Latin America. The management remains focused on maintaining strong financial performance while navigating market conditions and pursuing additional strategic opportunities.