Filing Flows › Ezcorp (EZPW) › Q2 FY26 › vs Q1 FY26
Ezcorp (EZPW) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Ezcorp's revenue rose $64.9M (+17%) from $382M in Q1 FY26 to $447M in Q2 FY26. The biggest changes: Jewelry scrap sales +$41.3M (+104%); Pawn service charges +$19.2M (+15%); Merchandise sales +$4.3M (+2%). Gross margin 58.2% against 58.4% (-0.2 pts).
Ezcorp, Q2 FY26: revenue $447M (+46% year over year), operating margin 15.2%, net earnings $49.1M, operating cash flow $48.5M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 58.2% | 58.4% | -0.2 pts |
| Operating margin | 15.2% | 15.9% | -0.7 pts |
| Net margin | 11.0% | 11.6% | -0.6 pts |
| Free cash flow margin | 8.5% | 8.3% | +0.2 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Merchandise sales | $214M | $210M | $4.3M | +2% |
| Pawn service charges | $151M | $132M | $19.2M | +15% |
| Jewelry scrap sales | $81.2M | $39.9M | $41.3M | +104% |
| Other revenues | $48K | $47K | $1K | +2% |
| Revenue | $447M | $382M | $64.9M | +17% |
| Gross profit | $260M | $223M | $37.1M | +17% |
| Cost of revenue | $187M | $159M | $27.8M | +17% |
| Operating profit | $67.8M | $60.6M | $7.2M | +12% |
| Operating expenses | $192M | $162M | $29.8M | +18% |
| Pre-tax earnings | $65.5M | $59.2M | $6.3M | +11% |
| Other expense, net | $2.4M | $1.4M | $920K | +64% |
| General & admin | $34.5M | $26.7M | $7.7M | +29% |
| Other operating costs | $158M | $136M | $22.1M | +16% |
| Net earnings | $49.1M | $44.3M | $4.8M | +11% |
| Minority interests | $481K | $0 | $481K | — |
| Income tax | $15.9M | $14.9M | $1.0M | +7% |
| Depreciation & amortization | $9.6M | $8.8M | $832K | +10% |
| Share-based compensation | $5.1M | $3.4M | $1.7M | +51% |
| Working capital & other | $15.4M | $17.3M | −$1.9M | -11% |
| Operating cash flow | $48.5M | $39.1M | $9.3M | +24% |
| Free cash flow (OCF − capex) | $38.0M | $31.7M | $6.3M | +20% |
| Capital expenditures | $10.5M | $7.5M | $3.0M | +40% |
Questions
How much did Ezcorp's revenue grow quarter over quarter in Q2 FY26?
Ezcorp's revenue rose $64.9M (+17%) from $382M in Q1 FY26 to $447M in Q2 FY26.
What drove Ezcorp's revenue change in Q2 FY26?
Jewelry scrap sales +$41.3M (+104%); Pawn service charges +$19.2M (+15%); Merchandise sales +$4.3M (+2%).