Filing Flows › Ezcorp (EZPW) › Q1 FY26
Ezcorp (EZPW) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 4, 2026
Ezcorp (EZPW) reported revenue of $382M for the first quarter fiscal 2026 (Q1 FY26), +19% from a year earlier and +13% from the quarter before. Operating margin was 15.9%, net earnings $44.3M (11.6% of revenue).
Ezcorp, Q1 FY26: revenue $382M (+19% year over year), operating margin 15.9%, net earnings $44.3M, operating cash flow $39.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $382M | +13% | +19% |
| Gross profit | $223M | +12% | +20% |
| Operating profit | $60.6M | +64% | +45% |
| Net earnings | $44.3M | +66% | +43% |
| Operating cash flow | $39.1M | -24% | +51% |
| Free cash flow | $31.7M | -11% | +55% |
What changed
Revenue was $382.0M in Q1 FY26, up 19% year over year and up 13% from the previous quarter. Merchandise sales was the largest line at 55% of revenue. Merchandise sales added $23.8M year over year (up 13%), 38% of the total change.
Gross margin was 58.4%, up 0.5 points from a year earlier. Operating profit was $60.6M, a 15.9% margin (up 2.8 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 13% margin then. Operating expenses grew 13% against revenue growth of 19%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $44.3M, up 43% year over year. The effective tax rate was 25.1%.
Operating cash flow was $39.1M (up 51% year over year), 88% of net earnings. Non-cash charges added back $8.8M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $17.3M. Capital expenditures of $7.5M left free cash flow of $31.7M.
Questions
What was Ezcorp's revenue in the first quarter fiscal 2026?
Ezcorp (EZPW) reported revenue of $382M for the first quarter fiscal 2026 (Q1 FY26), +19% from a year earlier and +13% from the quarter before.
Was Ezcorp profitable in the first quarter fiscal 2026?
Operating profit was $60.6M (15.9% of revenue) and net earnings $44.3M.
Source: Ezcorp 10-Q on SEC EDGAR.