- FirstCash Holdings (FCFS, Financial) reports a 39% increase in Q1 diluted EPS to $1.87 (GAAP), and adjusted EPS rises 34% to $2.07.
- The company added 12 new pawn locations and completed $60 million in share repurchases.
- A quarterly dividend of $0.38 per share was declared, payable in May 2025.
FirstCash Holdings, Inc. (FCFS), a leading international operator of over 3,000 retail pawn stores, reported record operating results for the first quarter ended March 31, 2025. Diluted earnings per share (EPS) grew by 39% to $1.87 on a GAAP basis, while adjusted EPS increased by 34% to $2.07. Net income reached $83.6 million, marking a 36% rise from the previous year.
Despite a flat revenue of $836 million year-over-year, the company saw a 4% increase on a constant currency basis. Same-store pawn receivables grew by 13% in the U.S. and by 14% in Latin America when measured in local currency. FirstCash also expanded its footprint by adding 12 new pawn shops across three countries.
The retail point-of-sale payment solutions segment (AFF) recorded a 19% increase in merchant locations and a 29% rise in active doors, excluding closed furniture retailers. This segment's pre-tax operating income surged by 58% to $52 million, supported by diversification beyond furniture retailers and operating expense reductions of 30%.
Operating cash flows reached $544 million over the trailing twelve months, a 27% increase from the previous period. This robust cash flow enabled FirstCash to fund store expansions, acquire real estate, and execute $60 million in share repurchases during the first quarter alone. The company's debt to adjusted EBITDA ratio improved to 2.68x.
Looking ahead, FirstCash holds a positive outlook for 2025, driven by expected growth in pawn operations and continued demand for pawn loans. The company plans further store additions and foresees strong performance in both the U.S. and Latin American pawn segments.
The Board of Directors declared a quarterly cash dividend of $0.38 per share, which will be distributed on May 30, 2025, to shareholders of record on May 15, 2025, representing an annualized dividend of $1.52 per share.
