Filing Flows › Ezcorp (EZPW) › Q3 FY26 › vs Q2 FY26
Ezcorp (EZPW) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Ezcorp's revenue fell $28.1M (-6%) from $447M in Q2 FY26 to $419M in Q3 FY26. The biggest changes: Jewelry scrap sales −$24.7M (-30%); Merchandise sales −$4.8M (-2%); Pawn service charges +$1.3M (+0.9%). Gross margin 58.8% against 58.2% (+0.6 pts).
Ezcorp, Q3 FY26: revenue $419M (+35% year over year), operating margin 13.1%, net earnings $38.2M, operating cash flow $42.8M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 58.8% | 58.2% | +0.6 pts |
| Operating margin | 13.1% | 15.2% | -2.1 pts |
| Net margin | 9.1% | 11.0% | -1.9 pts |
| Free cash flow margin | 7.9% | 8.5% | -0.7 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Merchandise sales | $210M | $214M | −$4.8M | -2% |
| Pawn service charges | $152M | $151M | $1.3M | +0.9% |
| Jewelry scrap sales | $56.6M | $81.2M | −$24.7M | -30% |
| Other revenues | $43K | $48K | −$5K | -10% |
| Revenue | $419M | $447M | −$28.1M | -6% |
| Gross profit | $246M | $260M | −$13.9M | -5% |
| Cost of revenue | $173M | $187M | −$14.3M | -8% |
| Operating profit | $54.8M | $67.8M | −$13.0M | -19% |
| Operating expenses | $191M | $192M | −$828K | -0.4% |
| Pre-tax earnings | $52.0M | $65.5M | −$13.5M | -21% |
| Other expense, net | $2.8M | $2.4M | $454K | +19% |
| General & admin | $34.0M | $34.5M | −$489K | -1% |
| Other operating costs | $157M | $158M | −$339K | -0.2% |
| Net earnings | $38.2M | $49.1M | −$10.9M | -22% |
| Minority interests | $295K | $481K | −$186K | -39% |
| Income tax | $13.5M | $15.9M | −$2.4M | -15% |
| Depreciation & amortization | $9.7M | $9.6M | $62K | +0.6% |
| Share-based compensation | $4.1M | $5.1M | −$1.0M | -20% |
| Working capital & other | $9.2M | $15.4M | −$6.2M | -40% |
| Operating cash flow | $42.8M | $48.5M | −$5.7M | -12% |
| Free cash flow (OCF − capex) | $32.9M | $38.0M | −$5.1M | -13% |
| Capital expenditures | $9.9M | $10.5M | −$557K | -5% |
Questions
How much did Ezcorp's revenue grow quarter over quarter in Q3 FY26?
Ezcorp's revenue fell $28.1M (-6%) from $447M in Q2 FY26 to $419M in Q3 FY26.
What drove Ezcorp's revenue change in Q3 FY26?
Jewelry scrap sales −$24.7M (-30%); Merchandise sales −$4.8M (-2%); Pawn service charges +$1.3M (+0.9%).