FirstCash (FCFS) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue reached $1.05 billion, up 26% year-over-year, with net income rising 29% to $108 million and diluted EPS of $2.43, up from $1.87.

• Adjusted EBITDA for Q1 was $211 million, up 29% year-over-year; trailing twelve-month revenues reached $3.9 billion and adjusted net income $416 million.

• The acquisition of H&T Group plc in August 2025 expanded the U.K. pawn segment, contributing $102 million in Q1 2026 revenue.

• Pawn receivables grew sharply: up 19% in the U.S., 30% in Latin America, and 29% in the U.K. on a same-store basis.

• The company operated 3,334 pawn stores and provided POS payment solutions through 16,600 merchant partners as of March 31, 2026.

Financial highlights

• Q1 consolidated revenue: $1.05 billion (+26% YoY); net income: $108 million (+29% YoY); adjusted EBITDA: $211 million (+29% YoY).

• Adjusted net income: $119.0 million; adjusted diluted EPS: $2.69.

• Operating cash flow for the trailing twelve months: $613 million (+13% YoY); adjusted free cash flow: $267 million.

• Working capital: $1.51 billion; current ratio: 4.8:1.

• Return on equity: 16% (GAAP), 19% (adjusted); return on assets: 7% (GAAP), 8% (adjusted).

Outlook and guidance

• Raised 2026 revenue guidance for all pawn segments due to accelerating pawn demand and strong Q1 results.

• U.S. pawn expects mid-teen pawn fee growth and 10%+ retail sales growth for 2026.

• Latin America pawn expects high-teen pawn fee growth and mid-teen retail sales growth, assuming stable FX rates.

• U.K. pawn 2026 segment income now projected at $125–$135 million, up from prior guidance.

• AFF (POS payment solutions) expects flat to low single-digit growth in originations, but mid- to high-single-digit revenue decline for 2026.