Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 149

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 2
Chunk 149
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7% increase on a constant currency basis) to $64.4 million during the second quarter of 2025 compared to $67.9 million during the second quarter of 2024. Same-store operating expenses also decreased 5% (7% increase on a constant currency basis) compared to the prior-year period. The constant currency increase in total and same-store operating expenses was primarily driven by slightly increased store counts, general inflationary impacts and continued increases in the federally mandated minimum wage.

 Segment Pre-Tax Operating Income

The segment pre-tax operating income for the second quarter of 2025 was $41.0 million, which generated a pre-tax segment operating margin of 20% compared to $37.1 million and 18% in the prior year, respectively. The increase in the segment pre-tax operating income and margin was primarily due to a decrease in operating expenses.

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Retail POS Payment Solutions Segment

Retail POS Payment Solutions Operating Results

The following table presents segment pre-tax operating income of the retail POS payment solutions segment for the three months ended June 30, 2025 as compared to the three months ended June 30, 2024 (dollars in thousands). Operating expenses include salary and benefit expenses of certain operations-focused departments, merchant partner incentives, bank and other payment processing charges, credit reporting costs, information technology costs, advertising costs and other operational costs incurred by AFF. Administrative expenses and amortization expense of intangible assets related to the purchase of AFF are not included in the segment pre-tax operating income.

Three Months EndedJune 30,Increase / 20252024(Decrease)Retail POS Payment Solutions SegmentRevenue:Leased merchandise income$139,784 $194,570 (28)%Interest and fees on finance receivables76,075 56,799 34 %Total revenue215,859 251,369 (14)%Cost of revenue:  Depreciation of leased merchandise (1)78,529 110,567 (29)%Provision for lease losses (2)32,667 47,824 (32)%Provision for loan losses41,761 31,116 34 %Total cost of revenue152,957 189,507 (19)%Net revenue62,902 61,862 2 %Segment expenses:  Operating expenses24,264 35,275 (31)%Depreciation and amortization699 678 3 %Total segment expenses24,963 35,