FirstCash posts strong Q2 results, raises pawn revenue outlook

FirstCash Holdings, Inc. (NASDAQ: FCFS) reported second-quarter revenue of $1.07 billion for the period ended June 30, 2026, a 29% increase from $830.6 million in the same quarter a year earlier, according to a company press release.

Net income on a GAAP basis rose 56% to $93.5 million, or $2.12 per diluted share, compared with $59.8 million, or $1.34 per diluted share, in the prior-year quarter. Adjusted net income, which excludes merger and acquisition costs and other items, increased 38% to $110.1 million, or $2.50 per diluted share.

Consolidated pawn receivables totaled $898 million at June 30, 2026, up 63% from $551 million a year earlier. Same-store pawn receivables increased 22%. Total assets reached $5.5 billion, compared with $4.5 billion a year ago.

The company operated 3,343 pawn locations as of June 30, 2026, including 1,212 in the U.S., 1,836 in Latin America, and 295 in the U.K. It added 20 locations during the quarter.

The board declared a quarterly cash dividend of $0.42 per share, payable August 28, 2026, to stockholders of record as of August 14, 2026. The company also said it completed its prior $150 million share repurchase program and authorized a new $150 million buyback plan effective July 22, 2026.

During the second quarter, FirstCash completed a $750 million offering of 6.125% senior unsecured notes due 2034, using proceeds to reduce outstanding balances on its revolving credit facility and to repay debt assumed in the 2025 acquisition of H&T Group.

The company's pending acquisition of U.K. pawnbroker Ramsdens Holdings plc was revised on July 16, 2026, with the offer price raised to 675 pence per share plus a permitted dividend of 9 pence per share, bringing the total equity value to approximately £232 million ($308 million). The transaction remains subject to shareholder and regulatory approvals and is expected to close by year-end 2026.

The company raised its full-year 2026 consolidated pawn revenue growth guidance, while its AFF retail payment solutions segment forecast gross transaction volume to decline approximately 10% for the full year due to weakness in furniture and other large-ticket retail.

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