FirstCash hits $1B revenue milestone as pawn demand accelerates

FirstCash Holdings (NASDAQ:FCFS), the international operator of more than 3,300 retail pawn stores, delivered record-breaking results for the first quarter ended March 31, 2026.

The Fort Worth, Texas-based company reported consolidated revenue of $1,051.7 million, representing a 26% increase over the prior year and marking the first time quarterly revenue has surpassed the $1 billion threshold.

Profitability followed a similar trajectory, with GAAP net income rising 29% to $107.7 million.

On a per-share basis, diluted EPS grew 30% to $2.43.

When adjusted for one-time gains and restructuring costs, earnings reached $2.69 per share, significantly outperforming Wall Street’s consensus estimate of $2.30.

The company’s balance sheet remains robust, with consolidated assets totaling $5.4 billion and record pawn receivables of $851 million.

Management attributed the exceptional performance to a sharp acceleration in pawn demand globally.

Same-store pawn receivables—a key indicator of future fee revenue—rose by an "unprecedented" 19% in the U.S. and 30% in Latin America on a local currency basis.

The company’s recently integrated U.K. operations also contributed meaningfully to the bottom line, showing a 29% increase in same-store receivables.

In light of the strong momentum, the Board of Directors declared a quarterly cash dividend of $0.42 per share, payable in May 2026.