EZCORP Q3 Earnings Call Highlights EZCORP logo MarketBeat Thu, August 6, 2026 at 7:04 PM GMT+2 7 min read EZPW Key Points Interested in EZCORP, Inc.? Here are five stocks we like better. Strong quarterly growth: Revenue rose 31% to $408.4 million, adjusted EBITDA increased 48% to $65.6 million, and adjusted EPS climbed 47% to $0.47.
Growth was driven primarily by core pawn operations, with core pawn revenue up 24% and gross profit up 28%. Record lending and improved retail performance: Pawn loans outstanding reached a record $382 million, up 31% year over year, while merchandise margins expanded to 38%. U.S. and Latin American operations both posted higher pawn balances, gross profit and EBITDA, with Latin America benefiting from new stores and the Guatemala acquisition.
Expansion and integration remain priorities: EZCORP raised its SMG ownership to 97.4% during the quarter and subsequently acquired the remaining shares, bringing ownership to 100%. Management plans to integrate SMG's systems and operations while pursuing further Latin American acquisitions, de novo stores, inventory efficiency and expense control. EZCORP (NASDAQ:EZPW) reported third-quarter fiscal 2026 results marked by higher pawn-loan balances, expanding merchandise margins and contributions from recently acquired operations.
The company said adjusted EBITDA increased 48% year over year to $65.6 million, while adjusted diluted earnings per share rose 47% to $0.47. Total revenue increased 31% to $408.4 million, and gross profit grew 31% to $240.3 million. Adjusted EBITDA margin expanded 190 basis points to 16%, which Chief Financial Officer Tim Jugmans attributed to merchandise-margin expansion, expense discipline and higher scrap gross profit. → 3 Drone Stocks That Should Soar After the Summer Slump Management emphasized that the quarter's growth was primarily driven by core pawn operations rather than gold-scrap activity.
Core pawn revenue, which excludes scrap, rose 24%, while core pawn gross profit increased 28%. Same-store core pawn gross profit grew 13%. Pawn Loan Balances and Retail Performance Pawn loans outstanding, or PLO, ended the quarter at a record $382 million, up 31% from a year earlier.
Jugmans said the increase reflected larger average loan sizes and new-store additions. Pawn service charges rose 29% to $149.1 million, including a 13% increase in same-store pawn service charges. → Meta's Earnings Drop Shows Wall Street Wants More Than Ad Growth Merchandise sales increased 21% to $203.5 million, with same-store merchandise sales up 6%. Consolidated merchandise margin expanded 190 basis points to 38%, which management said reflected pricing execution and inventory quality.
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