FirstCash Reports Record Q4 & Full-Year 2025 Results, Exceeds $1B Revenue, Declares Dividend, and Authorizes New Share Buyback

summarizeSummary

FirstCash Holdings reported record fourth quarter and full-year 2025 financial results, with Q4 revenues increasing 20% and diluted EPS up 26%, driven by strong pawn segment growth and strategic acquisitions. The company also declared a cash dividend and authorized a new $150 million share repurchase program, alongside a highly positive outlook for 2026.

check_boxKey Events

• Record Fourth Quarter and Full-Year 2025 Results

  FirstCash reported record Q4 2025 revenue of $1.06 billion, a 20% increase year-over-year, and diluted EPS of $2.35, up 26%. Full-year 2025 revenue reached $3.66 billion, an 8% increase, with diluted EPS of $7.42, up 29%.

• Strong Pawn Segment Performance and Expansion

  The company saw exceptional strength across all three pawn segments (U.S., Latin America, U.K.), with combined same-store pawn receivables increasing a record 18%. FirstCash added 344 pawn locations in 2025, including 286 from the H&T acquisition, and plans further expansion in 2026.

• Positive 2026 Outlook

  Management provided a highly positive outlook for 2026, expecting pawn operations to remain the primary earnings driver, with low double-digit revenue growth in U.S. pawn fees and mid-teen growth in Latin America pawn fees (constant currency).

• Shareholder Returns and New Buyback Program

  The Board of Directors declared a first-quarter cash dividend of $0.42 per share. The company completed its $200 million share repurchase program in Q4 2025 and authorized a new $150 million common stock repurchase program.

auto_awesomeAnalysis

FirstCash Holdings, Inc. delivered exceptional fourth quarter and full-year 2025 results, marking a significant milestone with consolidated revenues surpassing $1 billion in a single quarter for the first time. The company demonstrated robust growth across its pawn operations, driven by strategic acquisitions and strong same-store performance. The positive outlook for 2026, coupled with continued store expansion and shareholder returns through dividends and a new share repurchase program, reinforces a strong investment thesis. While the AFF segment faced headwinds from merchant bankruptcies, its full-year performance was strong, and a return to origination growth is expected in 2026, indicating resilience and diversification efforts.