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FORT WORTH - FirstCash Holdings, Inc. (NASDAQ:FCFS), the international pawn store operator and retail point-of-sale payment solutions provider, announced Thursday an 11% increase in its quarterly cash dividend to $0.42 per share, reflecting strong second quarter performance. According to InvestingPro data, this marks the company’s 9th consecutive year of dividend increases, with a current yield of 1.14%.
The company reported second quarter diluted earnings per share of $1.34, a 24% increase over the prior-year period on a GAAP basis, while adjusted diluted earnings per share rose 31% to $1.79. Net income for the quarter increased 22% to $59.8 million. The company maintains robust financial health with a strong current ratio of 4.39x and an impressive gross profit margin of 60.78%. InvestingPro subscribers can access 8 additional key financial health indicators for FCFS.
Growth was driven by robust pawn demand, with same-store pawn receivables up 13% in both U.S. and Latin America operations. The company’s retail POS payment solutions segment (AFF) posted a 46% increase in segment earnings compared to last year. This performance contributed to the company’s overall revenue growth of 5.06% over the last twelve months.
"FirstCash is pleased to report outstanding earnings results for the second quarter and year-to-date periods," said Rick Wessel, chief executive officer. "Pawn demand remains extremely robust, driving strong earnings growth for both segments."
The company expects to complete its previously announced acquisition of H&T Group plc, the largest pawnbroker in the United Kingdom with 285 locations, by the end of the third quarter of 2025. The acquisition, valued at approximately $396 million, would represent FirstCash’s first operations in Europe.
For the trailing twelve months ended June 30, 2025, FirstCash reported revenues of $3.4 billion, net income of $292 million, and adjusted EBITDA of $613 million.
The increased quarterly dividend will be paid on August 29, 2025, to stockholders of record as of August 15, 2025, representing an annualized payout of $1.68 per share.
The company operates more than 3,000 pawn stores across the United States and Latin America, according to the press release statement. Trading near its 52-week high of $138.42, FirstCash currently commands a market capitalization of approximately $6 billion. Get comprehensive valuation metrics and analyst targets with an InvestingPro subscription.
In other recent news, FirstCash Holdings, Inc. reported first-quarter earnings that surpassed analyst expectations, driven by strong demand for pawn loans and enhanced performance in its retail point-of-sale payment solutions segment. Additionally, shareholders of H&T Group plc have approved the acquisition by Chess Bidco Limited, a wholly owned subsidiary of FirstCash, under a court-sanctioned scheme of arrangement. The financial terms of this acquisition are final, with exceptions only under specific circumstances as outlined by the UK’s Panel on Takeovers and Mergers.
At the company’s recent Annual Meeting of Stockholders, a significant 92.88% of eligible shares were represented, with stockholders approving executive compensation and electing directors Daniel R. Feehan, Paula K. Garrett, and Marthea Davis for a three-year term. In a separate development, Loop Capital Markets raised its price target for FirstCash to $145, maintaining a Buy rating. The firm’s analyst, Anthony Chukumba, highlighted FirstCash’s impressive quarterly performance, noting its resilience in a challenging macroeconomic environment.
These developments reflect FirstCash’s ongoing strategic initiatives and financial performance, capturing the attention of investors and analysts alike.
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