FirstCash Reports Strong Q1 Growth Driven by Global Pawn Expansion

FirstCash Holdings, Inc. (FCFS) has reported a robust start to fiscal 2026, posting substantial increases in both top-line revenue and bottom-line earnings for the first quarter ending March 31. The company's growth was broad-based across its pawn segments, reflecting strong consumer demand and successful international scaling. According to CEO Rick Wessel, the results were driven by exceptionally strong performances across three key segments. Pawn revenues in the United States grew by 16%, while the Latin American market saw a 40% increase on a U.S. dollar basis (23% in local currency). Furthermore, the company's recently acquired operations in the United Kingdom contributed meaningfully to the overall revenue and earnings results. Financial highlights for the quarter include a rise in revenue to $1.051 billion, compared to $836.423 million in the prior year. Net income climbed to $107.702 million, or $2.43 per share, up from $83.591 million, or $1.87 per share, in the same period last year. EBITDA also saw a marked increase, reaching $210.945 million from $162.961 million. A notable driver of the quarter's success was the surge in wholesale scrap jewelry sales, which jumped to $112.481 million from $43.165 million year-over-year. This indicates a strong liquidation cycle for the company's inventory. In response to the positive results, FCFS shares rose 4.72% to $215.33 in pre-market trading. Additionally, the Board of Directors declared a second-quarter dividend of $0.42 per share, payable on May 29 to stockholders of record as of May 15, representing an annualized dividend of $1.68 per share.