PROG Holdings Reports Third Quarter 2026 Results
PROG Holdings reported Q3 2026 revenue of $725.8 million, up 25.6% year-over-year, with consolidated GMV of $912 million, up 58.9%. Non-GAAP diluted EPS rose 21.8% to $1.06 (GAAP diluted EPS $0.92), led by Four's 113.8% revenue growth, though core Progressive Leasing revenue slipped 0.7%. Management cut the FY2026 outlook — revenue to $3,015M-$3,050M and non-GAAP EPS to $4.70-$4.85 from prior $4.75-$5.00 — citing macro pressure on consumers.
Key figures
- Eps
- 0.92
- Revenue
- 725800000
- Guidance
- FY26 revenues $3,015M-$3,050M (from $3,025M-$3,100M); net earnings $152.0M-$158.5M (from $155.0M-$164.5M); adjusted EBITDA $345M-$355M (from $355M-$375M); non-GAAP diluted EPS $4.70-$4.85 (from $4.75-$5.00); Q4 revenue $827M-$862M
- Revenue Yoy
- 25.6%
- Gmv
- 912000000
- Cash
- 108900000
- Gmv yoy
- 58.9%
- Asr size
- 100000000
- Gross debt
- 872000000
- Q3 buyback
- $36.7 million at an average price of $41.47 per share
- Net earnings
- 37500000
- Non gaap eps
- 1.06
- Adjusted ebitda
- 80000000
- Buyback capacity
- 500000000
- Non gaap eps yoy
- 21.8%
- Dividend per share
- 0.14
- Net leverage ratio
- 1.5x
AI analysis
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