EZCORP, Inc. Earnings Recaps
Q3 2026
Aug 8, 2026
EZCORP’s shares fell 6.3% as investors digested margin compression in the scrap segment and a cautious sequential outlook despite underlying growth in core pawn metrics and expansion in Latin America.
Key takeaways
- Adjusted EBITDA rose 48% to $65.6 million and adjusted EPS increased 47% to $0.47, driven largely by merchandise margin expansion and operating leverage.
- Core pawn revenues grew 24% and same-store core pawn gross profit increased 13%, reflecting solid demand and disciplined lending across markets.
- Scrap sales declined sequentially due to gold price stabilization, with scrap gross margin dropping to 26% from 38% in the prior quarter, pressuring overall margins.
- Latin America stood out with 33% constant currency growth in PLO and 40% segment EBITDA growth, aided by store acquisitions and new openings.
- U.S. Pawn segment saw 14% revenue growth and 23% EBITDA growth, supported by higher average loan sizes and improved merchandise margin, though inventory levels rose significantly.
Q1 2026
Feb 7, 2026
Record first-quarter revenue marks a strong start to fiscal 2026 for EZCORP, with substantial growth in net income and earnings reflecting robust consumer demand and strategic acquisitions.
Key takeaways
- Adjusted EBITDA increased by 36% to $70.3 million, with a margin expansion of 260 basis points to 19%.
- Revenues reached a record $374.5 million, up 17%, driven by a 12% rise in pawn loan origination (PLO) to $307.3 million.
- Successful acquisitions of Founders One and El Buffalo Pawn enhance geographic presence and broaden market reach, adding 12 new stores and facilitating future growth.
- Gross profit improved by 18% to $218.9 million, supported by robust performance across all revenue streams, including a significant uplift in scrap gold revenues.
Q4 2025
Nov 17, 2025
EZCORP reported transformative fiscal 2025 results, with record revenue growth of 12% year-over-year and a net income increase of 30%, significantly enhancing shareholder value.
Key takeaways
- Record revenue reached $1.3 billion, with adjusted EBITDA rising 26% to $191.2 million, boosting margins to 14.7%.
- Store count expanded to 1,360 across five countries, including the addition of 24 new stores in Q4 alone.
- Cash position increased to $469.5 million from $170.5 million year-over-year, bolstered by a $300 million senior notes offering.
- PLO balance increased 11% to $303.9 million, driven by strong consumer demand and elevated average loan sizes.
- Digital adoption accelerated with online payments up 42% year-over-year, exemplifying robust customer engagement across multiple channels.