Filing Flows › FirstCash Holdings (FCFS) › Q2 2025
FirstCash Holdings (FCFS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 28, 2025
FirstCash Holdings (FCFS) reported revenue of $831M for the second quarter 2025 (Q2 2025), 0% from a year earlier and -0.7% from the quarter before. Operating margin was 9.8%, net earnings $59.8M (7.2% of revenue).
FirstCash Holdings, Q2 2025: revenue $831M (0% year over year), operating margin 9.8%, net earnings $59.8M, operating cash flow $117M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $831M | -0.7% | 0% |
| Gross profit | $413M | -3% | +4% |
| Operating profit | $81.1M | -27% | +23% |
| Net earnings | $59.8M | -28% | +22% |
| Operating cash flow | $117M | -8% | +10% |
| Free cash flow | $18.5M | — | -15% |
What changed
Revenue was $830.6M in Q2 2025, roughly flat year over year and down 1% from the previous quarter.
Gross margin was 49.7%, up 2.1 points from a year earlier. Operating profit was $81.1M, a 9.8% margin (up 1.8 points year over year). Operating expenses grew 1% against flat revenue. The fastest-growing cost line was General & admin (+27%). Net earnings were $59.8M, up 22% year over year. The effective tax rate was 26.2%.
Operating cash flow was $116.9M (up 10% year over year), 195% of net earnings. Non-cash charges added back $4.6M of share-based compensation. Working capital and other items added $52.5M. After pawn loans, net ($50.0M) and finance receivables, net ($35.4M) and purchases of furniture, fixtures, equipment and improvements ($13.0M), free cash flow as the company reports it was $18.5M.
Questions
What was FirstCash Holdings' revenue in the second quarter 2025?
FirstCash Holdings (FCFS) reported revenue of $831M for the second quarter 2025 (Q2 2025), 0% from a year earlier and -0.7% from the quarter before.
Was FirstCash Holdings profitable in the second quarter 2025?
Operating profit was $81.1M (9.8% of revenue) and net earnings $59.8M.
Source: FirstCash Holdings 10-Q on SEC EDGAR.