Filing Flows › Ezcorp (EZPW) › Q2 FY26
Ezcorp (EZPW) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 6, 2026
Ezcorp (EZPW) reported revenue of $447M for the second quarter fiscal 2026 (Q2 FY26), +46% from a year earlier and +17% from the quarter before. Operating margin was 15.2%, net earnings $49.1M (11.0% of revenue).
Ezcorp, Q2 FY26: revenue $447M (+46% year over year), operating margin 15.2%, net earnings $49.1M, operating cash flow $48.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $447M | +17% | +46% |
| Gross profit | $260M | +17% | +46% |
| Operating profit | $67.8M | +12% | +98% |
| Net earnings | $49.1M | +11% | +93% |
| Operating cash flow | $48.5M | +24% | +31% |
| Free cash flow | $38.0M | +20% | +33% |
What changed
Revenue was $446.9M in Q2 FY26, up 46% year over year and up 17% from the previous quarter. Merchandise sales was the largest line at 48% of revenue. Jewelry scrap sales added $60.3M year over year (up 288%), 43% of the total change.
Gross margin was 58.2%, down 0.1 points from Q2 FY25. Operating profit was $67.8M, a 15.2% margin (up 4.0 points year over year). Of the extra revenue versus Q2 FY25, 24% reached operating profit, above the 11% margin then. Operating expenses grew 33% against revenue growth of 46%. The fastest-growing cost line was General & admin (+37%). Net earnings were $49.1M, up 93% year over year. The effective tax rate was 24.3%.
Operating cash flow was $48.5M (up 31% year over year), 98% of net earnings. Non-cash charges added back $9.6M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items used $15.8M. Capital expenditures of $10.5M left free cash flow of $38.0M.
Questions
What was Ezcorp's revenue in the second quarter fiscal 2026?
Ezcorp (EZPW) reported revenue of $447M for the second quarter fiscal 2026 (Q2 FY26), +46% from a year earlier and +17% from the quarter before.
Was Ezcorp profitable in the second quarter fiscal 2026?
Operating profit was $67.8M (15.2% of revenue) and net earnings $49.1M.
Source: Ezcorp 10-Q on SEC EDGAR.