PROG Holdings, Inc. (PRG) Form 8-K — Oct 28, 2026
PROG Holdings reported Q3 2026 consolidated revenues of $725.8 million, up 25.6%, with net earnings from continuing operations of $37.5 million, non-GAAP diluted EPS of $1.06 (up 21.8%), and consolidated GMV of $912.0 million, up 58.9%. Alongside earnings, the company announced its intention to enter a $100 million accelerated share repurchase program in Q4 2026, and the Board added $237.3 million to the buyback, bringing total capacity to $500 million with the term extended through October 26, 2029. The company ended the quarter with a 1.5x net leverage ratio and paid a $0.14 dividend.
Key figures
- Eps
- 0.92
- Revenue
- 725800000
- Guidance
- FY2026 revised: revenue $3,015M-$3,050M (prior $3,025M-$3,100M), non-GAAP diluted EPS $4.70-$4.85 (prior $4.75-$5.00); Q4 2026: revenue $827M-$862M, non-GAAP EPS $1.20-$1.32
- Net Income
- 37500000
- Total Debt
- 872000000
- Revenue Yoy
- 25.6%
- Cash Position
- 108900000
- Shares Outstanding
- 40,550,000 diluted weighted average
- Four gmv
- $330.4M, up 102.6%
- Asr program
- $100M
- Q3 buybacks
- $36.7M at average $41.47/share
- Non gaap eps
- 1.06
- Adjusted ebitda
- $80.0M, up 21.8%
- Consolidated gmv
- $912.0M, up 58.9%
- Dividend per share
- 0.14
- Net leverage ratio
- 1.5x
- Purchasing power gmv
- $161.2M, up 12.3%
- Reauthorized buyback
- $500M total, extended through October 26, 2029
- Progressive leasing gmv
- $420.4M, up 2.3%
- Debt reduction since acquisition
- $326.6M
AI analysis
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