FirstCash Announces $200 Million Increase to Share Repurchase Program
Key Highlights
- ➤$200 million authorization increase brings FirstCash’s repurchase program to $350 million
- ➤FirstCash repurchased 644,000 shares at an average $199.46, totaling $128 million
- ➤$222 million remains available under the current repurchase authorization
- ➤Rick Wessel says buybacks target a valuation disconnect while funding pawn-store growth
- ➤FirstCash says balance-sheet strength and record free cash flows support simultaneous growth and repurchases
Expert Statements
Rick Wessel, CEO of FirstCash
“We have meaningfully increased our share repurchase authorization to $350 million to opportunistically return value to shareholders as we see a growing disconnect between our current valuation and FirstCash’s progress toward our long-term growth objectives.”
Rick Wessel, CEO of FirstCash
“Our primary strategic focus remains the global growth of core pawn operations through accretive acquisitions and new store openings, and we continue to see significant opportunities to add locations in each of our geographic segments.”
Rick Wessel, CEO of FirstCash
“FirstCash’s ability to simultaneously fund store growth and increase the share repurchase program authorization reflects the continued strength of the Company’s balance sheet, its record free cash flows and the recent upsizing of our unsecured revolving credit facility.”
Rick Wessel, CEO of FirstCash
“We are proud of FirstCash’s long-standing history of providing enhanced shareholder returns through share repurchases and dividends.”
FORT WORTH, Texas, Oct. 28, 2026 (GLOBE NEWSWIRE) -- FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS), the leading international operator of more than 3,300 retail pawn stores, today announced that its Board of Directors has increased the Company’s stock repurchase authorization by $200 million, bringing the total authorization under the program to $350 million.
Under the existing share repurchase program authorized in July 2026, FirstCash has repurchased to date 644,000 shares of its outstanding common stock at an average price of $199.46 per share, for an aggregate purchase price of $128 million. With the increased authorization and as of today’s market open, the Company now has $222 million in remaining authorization under the current program.
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