| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 446.88 | 17.0% | 45.9% |
| Total Income | 446.88 | 17.0% | 45.9% |
| Expenditure | 379.04 | 17.9% | 39.3% |
| PBT | 65.49 | 10.7% | 90.3% |
| Net Profit | 49.10 | 10.8% | 93.4% |
| OPM | 15.18% | 0.68pp | 4.00pp |
| NPM | 10.99% | 0.61pp | 2.70pp |
| EPS | 0.80 | 11.1% | 73.9% |
EZCORP Reports Q2 FY2026 Results: Net Income Up 93% to $49.1 Million
07 May 2026 · 7 May, 2:17 am
Summary
EZCORP reported a strong second quarter for fiscal year 2026, with record revenue and PLO. Net income attributable to EZCORP increased 93% to $49.1 million, and diluted earnings per share increased 85% to $0.61. Total revenues grew by 46% to $446.9 million, driven by disciplined execution across all segments and sustained customer demand. The company also expanded its footprint significantly through acquisitions and de novo stores, ending the period with 1,506 stores across 16 countries.
Key Highlights
- 1
Net income attributable to EZCORP increased 93% to $49.1 million in the second quarter of fiscal year 2026.
- 2
Diluted earnings per share (EPS) increased 85% to $0.61 for the second quarter.
- 3
Adjusted EBITDA increased 76% to $76.9 million in the second quarter.
- 4
Total revenues increased 46% to $446.9 million, and gross profit increased 46% to $260.0 million.
- 5
Pawn loans outstanding (PLO) increased 33% to $349.4 million.
- 6
EZCORP expanded its footprint by 123 stores, including 117 acquired stores and 6 de novo stores.
- 7
The company completed the acquisition of Founders One, LLC effective January 2, 2026.
Management Comments
Lachie Given
"The second quarter was another exceptional period for EZCORP, delivering record revenue, record PLO, and a 76% increase in adjusted EBITDA. This growth was driven by disciplined execution across all segments, sustained customer demand for immediate cash solutions and high-quality, affordable secondhand goods, together with favorable gold prices and the contribution from SMG." "We expanded our footprint by 123 stores during the quarter, including the SMG and El Bufalo acquisitions completed in early January, and ended the period with 1,506 stores across 16 countries. We are focused on driving operational improvements across SMG while capitalizing on the advantages of our scaled global platform and the significant runway ahead in existing and new pawn markets. In April, we acquired 32 stores in Guatemala strengthening our market leading position there." "Backed by a highly liquid balance sheet, we remain disciplined in capital allocation and active in pursuing attractive organic and inorganic growth opportunities. I thank our team members across every geography for their dedication to exceptional customer service. Guided by our core values of People, Pawn and Passion, we continue our focus on strengthening our core and scaling our operations, while delivering sustainable, long-term value for our shareholders."
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