First Cash Financial Services ( (FCFS) ) has released its Q1 earnings. Here is a breakdown of the information First Cash Financial Services presented to its investors.
FirstCash Holdings, Inc., a leading international operator of retail pawn stores and provider of retail point-of-sale payment solutions, has reported record first-quarter operating results for 2025. The company, which operates over 3,000 pawn stores, announced a quarterly cash dividend of $0.38 per share, reflecting its strong financial performance.
In the first quarter of 2025, FirstCash saw a significant increase in earnings per share, with a 39% rise on a GAAP basis and a 34% increase on an adjusted basis compared to the previous year. The company’s net income also grew by 36% on a GAAP basis and 32% on an adjusted basis. The robust demand for pawn loans in both the U.S. and Latin America contributed to these results, alongside a 19% increase in merchant locations for its AFF segment.
Key financial highlights include a net income of $83.6 million and revenues totaling $836 million for the quarter. The company added 12 new pawn locations and repurchased $60 million worth of shares. The U.S. pawn segment reported a 17% increase in pre-tax operating income, while the Latin America segment saw a 13% increase in earnings on a constant currency basis. The AFF segment also reported a 58% increase in pre-tax operating income, driven by improved gross margins and reduced operating expenses.
Looking ahead, FirstCash remains optimistic about its growth prospects for 2025. The company expects continued demand for pawn loans and plans to expand its store base through new openings and acquisitions. While the Latin America segment may face challenges due to currency fluctuations, the overall outlook for the year remains positive, with anticipated growth in income and earnings driven by strategic investments and operational efficiencies.