FirstCash Reports 29% Revenue Growth to $1.075 Billion in Latest Quarter

FirstCash Holdings, Inc. reported significant financial growth in its latest quarterly results, with total revenue reaching $1.075 billion for the three months ended June 30, 2026, a 29% increase from $831 million in the same period last year. The company’s net income also rose to $93.5 million, up from $59.8 million, resulting in diluted earnings per share of $2.12 compared to $1.34 in the prior year. For the first half of 2026, total revenue was $2.126 billion, a 28% increase from $1.667 billion in the first half of 2025, with net income climbing to $201.2 million from $143.4 million.

The company attributed its growth to strong demand across its pawn and retail operations, particularly in the U.S. and Latin America. Retail merchandise sales surged by 22% to $936.1 million for the six months ended June 30, 2026, while pawn loan fees increased by 37% to $525.1 million. The U.S. segment alone saw retail merchandise sales rise by 12% to $559.5 million, driven by increased inventory levels and strong consumer demand. The Latin America segment also performed well, with retail sales up 30% to $334.2 million, benefiting from favorable currency exchange rates.

In terms of operational developments, FirstCash expanded its footprint by acquiring eight pawn stores in the U.S. during the first half of 2026, contributing to a total of 3,343 pawn locations across the U.S., Latin America, and the U.K. The company also announced a pending acquisition of Ramsdens Holdings plc, a leading pawn operator in the U.K., for approximately £231.7 million ($307.5 million). This acquisition is expected to close by the end of 2026, subject to regulatory approvals.

The company’s financial position remains strong, with total assets increasing to $5.486 billion as of June 30, 2026, compared to $4.514 billion a year earlier. Cash and cash equivalents rose to $172.3 million, and the company reported a working capital of $1.606 billion. FirstCash's liquidity is supported by $661.9 million in available funds under its revolving credit facilities. The company plans to continue its expansion strategy while maintaining a focus on shareholder returns, having repurchased $126.6 million in stock during the first half of 2026 and declaring a quarterly dividend of $0.42 per share.

Looking ahead, FirstCash anticipates continued growth driven by its strategic acquisitions and expansion efforts. The company remains optimistic about its ability to navigate market conditions and capitalize on opportunities in the pawn and retail finance sectors, despite potential challenges such as regulatory changes and economic fluctuations.