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Jun 30
FirstCash Q2 2025 Earnings Report
FirstCash delivered solid Q2 2025 results with strong pawn loan demand and robust retail merchandise sales growth.
Key Takeaways
FirstCash reported record Q2 2025 operating results, driven by double-digit growth in same-store pawn receivables in both the U.S. and Latin America, strong retail margins, and increased finance receivables despite foreign exchange headwinds.
Revenue was $830.6 million, nearly flat YoY, with strong pawn loan and retail merchandise growth offset by lower leased merchandise income.
Net income increased 22% YoY to $59.8 million, with adjusted EPS up 31%.
U.S. pawn segment posted a record $98.3 million pre-tax operating income, with retail sales up 9% and margins improving to 43%.
Latin America pawn segment achieved record $41 million pre-tax operating income despite currency headwinds, with same-store pawn receivables up 13%.
FirstCash
FirstCash
FirstCash Revenue by Segment
FirstCash Revenue by Geographic Location
Revenue by Segment
Retail Merchandise Sales Revenue
CapyFin.comPawn Loan Fees Revenue
CapyFin.comLeased Merchandise Income Revenue
CapyFin.comInterest & Fees on Finance Receivables Revenue
CapyFin.comWholesale Scrap Jewelry Sales Revenue
CapyFin.comRevenue by Geographic Location
U.S. Pawn Revenue
CapyFin.comLatin America Pawn Revenue
CapyFin.com Forward Guidance
FirstCash raised its 2025 outlook, expecting strong pawn loan and retail sales growth in both U.S. and Latin America, with steady margins and expanding store count.
Positive Outlook
- U.S. pawn fee growth expected to reach 10-12% for 2025
- Retail sales growth targeted at high single digits with margins 41-42%
- Latin America pawn fee growth projected to increase 10-12% in local currency
- Store base expansion with new openings and acquisitions
- Improving Mexican peso exchange rate supports Latin America results
Challenges Ahead
- Foreign exchange volatility impacting Latin America results
- Potential consumer demand pressure from inflation and higher rates
- Competition from other alternative credit providers
- Regulatory uncertainties in pawn and finance operations
- AFF lease and loan originations still impacted by merchant bankruptcies
Revenue & Expenses
Visualization of income flow from segment revenue to net income