Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 119

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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,718 18 %Operating metrics:Retail merchandise sales margin35 %36 %35 %Net revenue margin53 %54 %53 %Segment pre-tax operating margin19 %17 %18 %

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Retail Merchandise Sales Operations

Latin America retail merchandise sales decreased 3% (12% increase on a constant currency basis) to $256.5 million during the six months ended June 30, 2025 compared to $265.3 million for the six months ended June 30, 2024. Same-store retail sales decreased 4% (11% increase on a constant currency basis) during the six months ended June 30, 2025 compared to the six months ended June 30, 2024. The increase in constant currency total and same-store retail sales was primarily due to strong demand for value priced merchandise and increased inventory levels during the six months ended June 30, 2025 compared to six months ended June 30, 2024. The gross profit margin on retail merchandise sales was 35% during the six months ended June 30, 2025 and 36% during the six months ended June 30, 2024. 

Pawn Lending Operations

Latin America pawn loan fees decreased 3% (12% increase on a constant currency basis) totaling $113.8 million during the six months ended June 30, 2025 compared to $117.3 million for the six months ended June 30, 2024. Same-store pawn fees decreased 4% (12% increase on a constant currency basis) during the six months ended June 30, 2025 compared to the six months ended June 30, 2024. The constant currency increase in total and same-store pawn loan fees was primarily due to increased constant currency pawn receivables. 

Segment Expenses 

Operating expenses decreased 7% (7% increase on a constant currency basis) to $125.8 million during the six months ended June 30, 2025 compared to $135.3 million during the six months ended June 30, 2024. Same-store operating expenses also decreased 7% (8% 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 the increased federal minimum wage for 2025.

Segment Pre-Tax Operating Income

The segment pre-tax operating income for