Ezcorp (EZPW) FY2026 results: revenue $1.7 billion, up 33.0% on the year
Ezcorp Inc. (EZPW) reported revenue of $1.7 billion for fiscal 2026, the year ended 30 September 2026, up 33.0% on the year before. Net income was $166 million, up 51.4%, and diluted earnings per share $2.07. The figures are the company's own, from the 10-K it filed with the SEC on 12 November 2026.
Revenue
$1.7 billion
+33.0% on the year
FY2019FY2026
Operating margin
14.1%
11.7% a year earlier
FY2019FY2026
Net income
$166 million
+51.4% on the year
FY2019FY2026
Diluted EPS
$2.07
+45.8% on the year
FY2019FY2026
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Quarterly net income and EPS rose: Net income attributable to EZCORP rose 28% to $34.3 million. Diluted EPS rose 26% to $0.43, or 23% to $0.43 on an adjusted basis.
Pawn loans outstanding rose 31%: PLO reached $402.8 million, up 31%, or 16% on a same-store basis. Management attributed the growth mainly to additional stores, including SMG, and higher average loan size on jewelry collateral.
Latin America contribution up 56%: Latin America Pawn segment contribution rose 56% to $24.4 million, or 49% to $23.4 million on a constant currency basis. Full-year segment contribution rose 46% to $88.5 million.
Jewelry scrap sales rose 86%: Fourth quarter jewelry scrap sales rose 86% on higher gold prices and jewelry purchases. Full-year scrap sales rose 144%.
Store expenses up 21%: Store expenses rose 21% in the fourth quarter and 25% for the full year, or 4% and 10% on a same-store basis. Management cited additional stores, labor costs and Latin America minimum wage increases.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2026
FY2025
FY2024
On the year
Last 8 years
Operating cash flow
186
149
114
+25.0%
Capital expenditure
45.4
38.6
35.8
+17.7%
Free cash flow
141
110
77.8
+27.5%
Free cash flow margin
8.3%
8.7%
6.7%
Cash from investing
-191
-118
-112
Cash from financing
-168
274
-50.2
Depreciation and amortisation
38.3
32.5
33.1
+17.7%
Share-based compensation
16.8
12.5
10.4
+34.7%
Buybacks
11.0
7.0
12.0
+57.7%
Diluted shares, weighted
84m
83m
84m
+0.4%
Balance sheet
$ million
FY2026
FY2025
FY2024
On the year
Last 8 years
Shareholders' equity
1,192
1,025
805
+16.3%
Non-controlling interest
0.7
0.0
n/a
Debt
520
518
327
+0.4%
Operating lease liabilities
234
185
181
+26.6%
Finance lease liabilities
0.5
0.6
1.1
-7.0%
Other liabilities
286
222
180
+28.8%
Total liabilities and equity
2,234
1,951
1,493
+14.5%
Fixed assets
96.6
75.3
66.0
+28.2%
Goodwill
479
325
306
+47.5%
Intangible assets
123
58.8
58.5
+109.9%
Cash and equivalents
295
470
171
-37.1%
Inventory
358
248
192
+44.2%
Other assets
881
774
700
+13.8%
Total assets
2,234
1,951
1,493
+14.5%
10-K for the year ended 30 September 2026, filed 12 November 2026: the filing.