Filing Flows › Ezcorp (EZPW) › Q2 FY26 › vs Q2 FY25
Ezcorp (EZPW) Q2 FY26 vs Q2 FY25 (year over year)
Ezcorp's revenue rose $141M (+46%) from $306M in Q2 FY25 to $447M in Q2 FY26. The biggest changes: Jewelry scrap sales +$60.3M (+288%); Merchandise sales +$45.0M (+27%); Pawn service charges +$35.3M (+30%). Gross margin 58.2% against 58.3% (-0.1 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 Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 58.2% | 58.3% | -0.1 pts |
| Operating margin | 15.2% | 11.2% | +4.0 pts |
| Net margin | 11.0% | 8.3% | +2.7 pts |
| Free cash flow margin | 8.5% | 9.3% | -0.8 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Merchandise sales | $214M | $169M | $45.0M | +27% |
| Pawn service charges | $151M | $116M | $35.3M | +30% |
| Jewelry scrap sales | $81.2M | $20.9M | $60.3M | +288% |
| Other revenues | $48K | $40K | $8K | +20% |
| Revenue | $447M | $306M | $141M | +46% |
| Gross profit | $260M | $178M | $81.6M | +46% |
| Cost of revenue | $187M | $128M | $59.0M | +46% |
| Operating profit | $67.8M | $34.2M | $33.6M | +98% |
| Operating expenses | $192M | $144M | $48.0M | +33% |
| Pre-tax earnings | $65.5M | $34.4M | $31.1M | +90% |
| Other expense, net | $2.4M | −$164K | $2.5M | — |
| General & admin | $34.5M | $25.1M | $9.4M | +37% |
| Other operating costs | $158M | $119M | $38.6M | +32% |
| Net earnings | $49.1M | $25.4M | $23.7M | +93% |
| Minority interests | $481K | $0 | $481K | — |
| Income tax | $15.9M | $9.0M | $6.9M | +76% |
| Depreciation & amortization | $9.6M | $8.0M | $1.6M | +20% |
| Share-based compensation | $5.1M | $2.4M | $2.7M | +114% |
| Working capital & other | $15.4M | −$1.1M | $16.5M | — |
| Operating cash flow | $48.5M | $36.9M | $11.5M | +31% |
| Free cash flow (OCF − capex) | $38.0M | $28.6M | $9.4M | +33% |
| Capital expenditures | $10.5M | $8.4M | $2.1M | +25% |
Questions
How much did Ezcorp's revenue grow year over year in Q2 FY26?
Ezcorp's revenue rose $141M (+46%) from $306M in Q2 FY25 to $447M in Q2 FY26.
What drove Ezcorp's revenue change in Q2 FY26?
Jewelry scrap sales +$60.3M (+288%); Merchandise sales +$45.0M (+27%); Pawn service charges +$35.3M (+30%).