Filing Flows › FirstCash Holdings (FCFS) › Q3 2025
FirstCash Holdings (FCFS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
FirstCash Holdings (FCFS) reported revenue of $936M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +13% from the quarter before. Operating margin was 12.0%, net earnings $82.8M (8.9% of revenue).
FirstCash Holdings, Q3 2025: revenue $936M (+12% year over year), operating margin 12.0%, net earnings $82.8M, operating cash flow $136M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $936M | +13% | +12% |
| Gross profit | $474M | +15% | +17% |
| Operating profit | $112M | +39% | +32% |
| Net earnings | $82.8M | +38% | +28% |
| Operating cash flow | $136M | +16% | +20% |
| Free cash flow | $36.9M | — | 16× |
What changed
Revenue was $935.6M in Q3 2025, up 12% year over year and up 13% from the previous quarter.
Gross margin was 50.6%, up 2.3 points from a year earlier. Operating profit was $112.5M, a 12.0% margin (up 1.8 points year over year). Of the extra revenue versus a year earlier, 28% reached operating profit, above the 10% margin then. Operating expenses grew 13% against revenue growth of 12%. The fastest-growing cost line was General & admin (+39%). Net earnings were $82.8M, up 28% year over year. The effective tax rate was 26.4%.
Operating cash flow was $135.8M (up 20% year over year), 164% of net earnings. Non-cash charges added back $6.1M of share-based compensation. Working capital and other items added $46.9M. After investments in finance receivables, net ($19.2M) and pawn loans, net ($68.1M) and purchases of furniture, fixtures, equipment and improvements ($11.6M), free cash flow as the company reports it was $36.9M.
Questions
What was FirstCash Holdings' revenue in the third quarter 2025?
FirstCash Holdings (FCFS) reported revenue of $936M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +13% from the quarter before.
Was FirstCash Holdings profitable in the third quarter 2025?
Operating profit was $112M (12.0% of revenue) and net earnings $82.8M.
Source: FirstCash Holdings 10-Q on SEC EDGAR.