Quarterly ResultOct 28, 2026, 08:31 AM
PROG Holdings Q3 Revenue Up 25.6% to $725.8M; Announces $100M ASR Program
AI Summary
PROG Holdings announced its third-quarter financial results, reporting a 25.6% year-over-year increase in consolidated revenues to $725.8 million and a 21.8% rise in Adjusted EBITDA to $80.0 million. Diluted EPS from continuing operations grew to $0.92. The company also announced its intention to enter into a $100 million accelerated share repurchase program and replenished its existing share repurchase program by $237.3 million, bringing the total available for future repurchases to $500 million, with the program extended through October 2029.
Key Highlights
- PROG Holdings reported Q3 2026 consolidated revenues of $725.8 million, up 25.6% YoY.
- Net earnings from continuing operations were $37.5 million, up from $32.3 million in Q3 2025.
- Adjusted EBITDA from continuing operations increased 21.8% to $80.0 million.
- Diluted EPS from continuing operations was $0.92, up from $0.80 YoY.
- Consolidated GMV grew 58.9% to $912.0 million.
- Company intends to enter into a $100 million accelerated share repurchase program.
- Share repurchase program replenished by $237.3 million, total available for repurchase is $500 million, extended to October 2029.
Price Impact
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