FirstCash reported record third quarter results with consolidated revenue increasing 18% to $1.1 billion. The performance was driven by robust demand in core pawn operations, which saw 28% revenue growth and record pawn receivables of $908 million, offsetting continued softness in the retail POS payment solutions segment.
Key Highlights
- Pawn receivables reached a record $908 million, with U.S. same-store receivables up 12%, marking the thirteenth consecutive quarter of double-digit growth.
- Latin America Pawn revenue jumped 35% to $311 million, supported by an 8% favorable move in the Mexican peso exchange rate.
- The Board declared a quarterly dividend of $0.46 per share, a 10% increase, alongside $123 million in share repurchases during the quarter.
- The American First Finance (AFF) segment pre-tax income fell to $33 million from $46 million year-over-year, impacted by lower transaction volumes in the furniture industry.
- The Ramsdens acquisition in the U.K. received regulatory approval from the FCA and is expected to close by the end of 2026.