What factors drove the changes in Ezcorp's revenue and profit?

What is the revenue and EPS growth rate for Ezcorp year over year?

What is Ezcorp's latest dividend and current dividend yield?

What does Ezcorp do and what are its main business segments?

What is Ezcorp's gross profit margin?

What were the key takeaways from Ezcorp’s earnings call?

Did Ezcorp beat or miss consensus estimates last quarter?

What were the key takeaways from Ezcorp's earnings call?

- **Record Growth**: 35% net income and EBITDA growth, driven by 17% revenue increase to $74.5 million.
- **Strategic Acquisitions**: Added 117 stores via SMG and El Buffalo, expanding into 11 new countries.
- **Profitability Boost**: EBITDA margin expanded 260bps to 19%, with U.S. and Latin America segments showing strong PLO and merchandise sales growth.
- **Gold Price Opportunity**: Scrap margins temporarily elevated to 34%, supporting gross profit growth.
- **Disciplined Capital Allocation**: $465 million in cash for M&A and organic growth, with focus on operational efficiency and AI-driven strategies.

**【CEO Summary Section】**
- Delivered record Q1 revenue with 35% growth in net income and EBITDA, driven by strong pawn loan (PLO) and merchandise sales (PSC) performance.
- Acquired SMG (105 stores across 12 countries) and El Buffalo Pawn (12 Texas stores), expanding global footprint to 1,500 stores across 16 countries.
- Highlighted disciplined capital allocation, focusing on scale and return on capital, with $465.9 million in unrestricted cash.
- Emphasized operational leverage, AI-driven lending, and inventory management to optimize margins and customer experience.

**【CFO Financial Commentary】**
- Adjusted EBITDA rose 36% to $70.3 million, with margin expanding 260bps to 19%. Diluted EPS improved 34% to $0.55.
- Total revenue reached $74.5 million (+17%), with PLO up 12% to $307.3 million and PSC up 11% to $129.6 million.
- U.S. segment: PLO +9% to $239.9 million, jewelry PLO占比68%, scrap margins expanded to 34% due to higher gold prices.
- Latin America: PLO +23% to $67.4 million, merchandise sales +15%, and EBITDA +23% to $21.4 million.
- G&A expenses rose 9% due to acquisition-related costs, but operating leverage drove profitability.

**【Q&A Highlights】**
- **M&A Strategy**: Pipeline remains robust, prioritizing scale in Latin America and U.S. Acquisitions of SMG and El Buffalo reflect disciplined deployment of capital.
- **Gold Price Impact**: Scrap margins temporarily elevated (25-35%), but long-term trends will dictate sustainability. No direct lending risk as loans are based on long-term gold price trends.
- **Tax Refund Season**: Anticipate modest PLO decline (8-9%), but focus on maximizing retail sales and scrap monetization.
- **Operational Efficiency**: AI-driven lending and inventory management improving margins and turns. Aged general merchandise under control at 3.1% of inventory.
- **Shareholder Returns**: Evaluate buyback program post-integration of recent acquisitions, balancing growth and capital returns.

EZCORP, Inc. (EZPW) Q1 2026 Earnings Call Transcript

- **Record Financial Performance**: $1.3 billion revenue (12% YoY), $191.2 million EBITDA (26% YoY), and 30% net income growth.
- **Store Expansion**: 24 new stores in Q4, 14 post-quarter acquisitions, and 1,360 total locations.
- **Digital Growth**: EZ+ Rewards membership up 26%, online payments rising 42% YoY.
- **M&A Momentum**: Active pipeline with $300 million in financing for disciplined acquisitions.
- **Resilience to Gold Fluctuations**: 9% same-store PLO growth despite macro volatility, driven by jewelry focus and digital tools.


**【CEO Summary Section】**
- Fiscal 2025 revenue reached $1.3 billion (12% YoY growth), with adjusted EBITDA of $191.2 million (26% YoY growth). Net income surged 30% to $110.7 million.
- Expanded store base to 1,360 locations across 5 countries, adding 24 stores in Q4 and 14 post-quarter in Mexico and Texas.
- PLO grew 11% YoY to $303.9 million, driven by higher average loan sizes and jewelry composition (68% of PLO).
- Digital adoption accelerated, with EZ+ Rewards membership up 26% to 6.9 million and online payments rising 42% YoY.
- M&A pipeline remains active, with $300 million senior notes offering supporting growth initiatives.

**【CFO Financial Commentary】**
- U.S. pawn segment revenue increased 13% to $238.9 million, driven by scrap sales benefiting from higher gold prices.
- Latin America revenue grew 17% to $96.9 million, with PLO up 17% and merchandise sales up 16%.
- EBITDA margins expanded 210 basis points to 14.3%, with disciplined expense management and higher scrap gross profit.
- Cash position strengthened to $469.5 million, enabling strategic investments and acquisitions.

**【Q&A Key Highlights】**
- **Gold Price Impact**: CEO emphasized resilience, noting 9% same-store PLO growth despite gold price fluctuations. CFO highlighted short-term loan flexibility and focus on lending demand over gold prices.
- **Latin America Growth**: Q4 PLO grew 17% YoY, with 9% same-store growth. Digital adoption in Mexico (22% online payments) and U.S. instant quotes (66% store adoption) drove efficiency.
- **M&A Strategy**: Pipeline remains robust, with focus on disciplined returns. Recent acquisitions in Mexico and Texas reflect expansion plans.
- **Inventory Management**: Jewelry inventory growth (310 basis points to 65%) balanced with layaway programs, supporting long-term sales.
- **Consumer Behavior**: U.S. store traffic remained strong despite government shutdowns, with PLO up 9% YoY and merchandise sales up 7%.


EZCORP, Inc. (EZPW) Q4 2025 Earnings Call Transcript

- **Revenue and Profit Records**: Q3 revenue of $319.9M (+14% YoY), EBITDA up 42% to $45.2M, EPS +38% to $0.33.
- **Store Expansion Momentum**: 40 Mexico acquisitions, 13 new stores, total 1,336 globally.
- **Digital Growth**: 6.5M EZ+ Rewards members, 9% website traffic rise, $30M U.S. online payments.
- **Latin America Surge**: 21% revenue growth, 28% EBITDA expansion, 40% jewelry PLO in Mexico.
- **Focus on Scaling**: CEO emphasizes acquisitions over buybacks, with $472M cash for growth.

**【CEO Summary Section】**
- **Record Revenue and EBITDA Growth**: Q3 revenue reached $319.9 million (14% YoY), with adjusted EBITDA up 42% to $45.2 million. Diluted EPS rose 38% to $0.33.
- **Store Expansion**: Acquired 40 stores in Mexico and opened 13 new locations globally, including a luxury pawn store in Miami Beach. Total stores now 1,336.
- **Digital Engagement**: EZ+ Rewards program expanded to 6.5 million members (70% of transactions). Website traffic grew 9% to 1.9 million visits, with $30 million in U.S. online payments.
- **Market Momentum**: U.S. pawn contributes 69% of revenue, while Latin America saw 21% revenue growth, driven by Mexico acquisitions and operational improvements.

**【CFO Financial Commentary】**
- **Revenue Breakdown**: PSC up 10% to $118.2 million, merchandise sales grew 10% (9% same-store), and scrap sales contributed 11% of U.S. revenue.
- **Inventory Management**: Total inventory rose 32% to $520 million, with jewelry PLO at 67% (up 100bps YoY). Aged GM improved to 2.3% (2.5% excluding luxury).
- **Expense Control**: EBITDA margin expanded 280bps to 14.1%, despite 12% expense growth in Latin America. Operating cash flow supported $3M share buyback.
- **Balance Sheet**: $472.1 million in cash, down $33M from Q2 due to acquisitions and earning asset growth.

**【Q&A Highlights】**
- **Acquisition Strategy**: CEO prioritizes scaling over buybacks, with a robust pipeline in U.S. and Latin America. Recent Mexico acquisitions highlight auto pawn growth (higher ticket sizes).
- **Gold Price Impact**: Scrap margins expected to decline in FY26, but pawn demand remains resilient. U.S. average loan size rose 13% to $207 (80% from jewelry).
- **Latin America Performance**: 21% revenue growth driven by Mexico, with EBITDA up 28% to $15.5 million. Jewelry PLO increased 510bps to 40%.
- **Digital Initiatives**: Testing Instant Quote tool to improve conversion. Max Pawn e-commerce sales grew 28%.
- **Share Repurchases**: $3M Q3 buyback, with focus on balance between growth and returns. Board considers future capital allocation.


EZCORP, Inc. (EZPW) Q3 2025 Earnings Call Transcript

- **Record Growth**: Q2 revenue of $318.9M (+12% YoY) and PLO of $271.8M (+15% YoY) highlight strong demand for pawn services.
- **Digital Acceleration**: Online payments in the U.S. up $7M, EZ+ Rewards memberships at 6.2M, and 30% of U.S. stores offering online-to-store convenience.
- **Latin America Surge**: 25% revenue growth, 17% PLO expansion, and 36% EBITDA increase driven by jewelry focus and operational improvements.
- **Balance Sheet Strength**: $505M cash post-$300M debt issuance, enabling M&A and new market expansion.
- **Tariff Impact**: Higher loan sizes (+15%) and 75% jewelry-driven loans reflect macroeconomic shifts and consumer trade-down trends.

**【CEO Operational Highlights】**
- Q2 revenue reached $318.9M, a 12% YoY increase, driven by 15% growth in pawn loan outstanding (PLO) to $271.8M.
- EBITDA rose 23% to $45.1M, with EBITDA margin expanding to 14.1%, reflecting operational efficiency and expense control.
- Digital adoption surged: online payments in the U.S. increased by $7M to $29M, and EZ+ Rewards program memberships grew 34% to 6.2M.
- Latin America expansion: 9 new stores opened, PLO grew 17%, and EBITDA jumped 36% to $13.6M.

**【CFO Financial Breakdown】**
- **U.S. Segment**: PLO up 15% YoY, PSC revenue +9%, EBITDA +15% to $49.8M. Average loan size increased 15%, partly due to higher jewelry prices.
- **Latin America**: Total revenue +25% to $97.5M, PLO +17%, and merchandise sales +21%. EBITDA margin expanded 99bps to 13.9%.
- **Balance Sheet**: Cash balance climbed to $505.2M post-$300M debt issuance, supporting M&A and organic growth.

**【Q&A Key Takeaways】**
- **Tariffs & Consumer Trends**: Higher loan sizes reflect inflation and tariffs, with 75% of U.S. loans now jewelry-based. New customer acquisition via digital channels is a strategic focus.
- **Latin America Strategy**: Pipeline for 5-15 store acquisitions in Mexico and beyond, prioritizing accretive deals with strong management teams.
- **Capital Allocation**: $300M debt provides liquidity for growth, with a balanced approach to M&A and organic expansion.
- **Max Pawn Expansion**: Sales up 25% YoY, with plans to test new markets and integrate luxury goods into existing stores.

EZCORP (EZPW)-29 Apr 25-2025 Q2 Earnings call transcript

- **Record Q1 Growth**: Total revenue up 10% YoY to $329.7M, PLO surging 16% to $282.9M.
- **Profitability Expansion**: EBITDA +12% to $53M, EPS +17% to $0.42, with margin up 35 bps.
- **Digital & Latin America Momentum**: U.S. online payments +30%, Latin America PLO +19%, luxury sales +50%.
- **Strategic Priorities**: Debt refinancing, store expansion, and Auto Dinero acquisition in pipeline.
- **Risks**: Margin compression from promotions, wage increases in Latin America.

**【CEO Summary Section】**
- Q1 FY2025 total revenue reached $329.7 million, up 10% YoY, with PLO growing 16% to $282.9 million.
- EBITDA increased 12% to $53 million, and diluted EPS rose 17% to $0.42.
- Expanded U.S. store network with 4 new de novo stores in Latin America, bringing total stores to 1,283.
- EZ+ Rewards members accounted for 77% of transactions, with U.S. pawn website traffic up 5%.
- Online payment collections in the U.S. surged 30% to $27.2 million, and Max Pawn luxury sales grew 50%.

**【CFO Financial Commentary】**
- U.S. pawn revenue rose 7% to $232.2 million, driven by 16% earning assets growth and 14% increase in average loan size.
- Latin America revenue climbed 18% to $97.5 million, with PLO up 19% and PSC up 17%.
- Consolidated EBITDA margin expanded 35 bps to 16.1%, with U.S. pawn EBITDA margin at 24%.
- Cash balance of $174.5 million supported PLO growth, store expansion, and share buybacks.
- FY2025 priorities include organic growth, margin optimization, and debt refinancing of $103 million convertible notes.

**【Q&A Key Highlights】**
- Merchandise margin decline (35% → 34.5%) due to promotional activity and layaway deferrals.
- Auto Dinero acquisition in Mexico remains under due diligence; no timeline for closure.
- Wage increases in Latin America (6.5%-12%) impacted expenses but did not hinder loan demand.
- Tax refund season expected to follow recent trends, with shorter duration and stable refund amounts.
- Digital initiatives (EZ+ Rewards, online payments) drove 13% increase in layaways and 50% growth in luxury sales.
- FY2025 store expansion plans include ~40 new de novo stores, balanced with M&A opportunities in U.S. and Latin America.

Actual										0.17	-0.01	0.07	0.13	0.17	-0.03	0.11	0.22	0.22	0.16	0.15	0.28	0.23	0.2	0.23	0.36	0.28	0.23	0.26	0.42	0.34	0.33	0.34	0.55
Forecast										0.1667	0.0667	-0.085	-0.045	0.075	-0.025	-0.035	0.14	0.12	0.0533	0.0867	0.22	0.1533	0.1533	0.17	0.285	0.255	0.215	0.2633	0.37	0.31	0.247	0.3	0.4121
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+1.98%	-114.99%	+182.35%	+388.89%	+126.67%	-20.00%	+414.29%	+57.14%	+83.33%	+200.19%	+73.01%	+27.27%	+50.03%	+30.46%	+35.29%	+26.32%	+9.80%	+6.98%	-1.25%	+13.51%	+9.68%	+33.60%	+13.33%	+33.46%

EZPW

EZPW fundamentals

EZPW Q1 2026 Earnings

Earnings Call

You can ask Aime

EZPW

EZPW fundamentals

EZPW Q1 2026 Earnings

Earnings Call

EZPW Earnings Call Summary for Q1/20269:00 AM on Feb 5, 2026

EZPW Earnings Call Summary for Q4/20259:00 AM on Nov 14, 2025

EZPW Earnings Call Summary for Q3/20259:00 AM on Jul 31, 2025

EZPW Earnings Call Summary for Q2/20259:00 AM on Apr 29, 2025

EZPW Earnings Call Summary for Q1/20259:00 AM on Feb 6, 2025

You can ask Aime