FCFS News & Events

FirstCash provided an outlook for 2026. In U.S. Pawn, pawn receivables, the leading indicator of future revenues, began 2026 up 14% compared to a year ago, with January balances up similarly. While the company will lap its 2025 acquisitions of 23 stores over the course of this year, the Company still expects low double-digit revenue growth from pawn fees in 2026. expects merchandise sales to grow 8% to 10% in 2025 and will continue to target retail margins at 42%. In Latin America pawn, pawn receivables began 2026 up 23% on a local currency basis with continued strength in January. While the company assumes these comps could moderate over the course of 2026, it still expects a mid-teen growth rate in pawn fees, assuming a similar exchange rate to last year. Expects retail sales to grow high single digits compared to 2025 with consistent retail margins of 35%, and like the U.S., expects improved scrap margins. Operating expenses will continue to reflect ongoing adjustments to the minimum wage in Mexico, which increased 12% effective January 1. Combined with increased store counts, operating expenses are expected to increase in a range of 8% to 10% on a U.S. dollar basis. U.K. pawn receivables began 2026 up 25% vs. a year ago, with January balances up similarly as well. Given this momentum, 2026 segment income is expected to be $115M-$125M assuming the current GBP exchange rate.

Reports Q4 revenue $1.06B, consensus $1.02B. CEO Rick Wessel stated, "FirstCash generated record Q4 and full year revenue and earnings results. Driven by strong Q4 revenue growth of 20%, the company marked its first fiscal quarter in history in which consolidated revenues exceeded $1B, resulting in a 26% increase in Q4 EPS. The outstanding results were fueled by exceptional strength in all three pawn segments, as combined same-store pawn receivables in the legacy U.S. and LatAm pawn segments increased a record 18% in total, and 15% on a local currency basis. Pawn receivables for H&T, the new U.K. pawn subsidiary, increased 25% on a local currency basis compared to a year ago.From a strategic perspective, we invested significantly during 2025 in the long-term growth of our global pawn operations with the addition of almost 350 pawn locations, the most in any year since our merger with Cash America almost ten years ago. The expansion into the U.K., through the 286-store H&T acquisition in August, was followed by a strong Q4 push which saw the acquisitions of 17 U.S. stores in five states in addition to 11 new store openings in Latin America. The continued growth seen in all markets is exciting and, we believe, bodes well for further revenue and earnings growth in 2026. In addition to supporting store expansion, our strong balance sheet and cash flows further benefited our shareholders in 2025 through $71M in cash dividends and stock repurchases totaling $115M. We are more confident than ever in the opportunities to drive long-term shareholder value".