Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 158

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 2
Chunk 158
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 by an increase in segment expenses.

40

Latin America Pawn Segment

Latin American segment pre-tax operating income for the six months ended June 30, 2025 compared to the six months ended June 30, 2024 was impacted by a 17% unfavorable change in the average value of the Mexican peso compared to the U.S. dollar. 

The following table presents segment pre-tax operating income and other operating metrics of the Latin America pawn segment for the six months ended June 30, 2025 compared to the six months ended June 30, 2024 (dollars in thousands). Operating expenses include salary and benefit expenses of pawn store-level employees, occupancy costs, bank charges, security, insurance, utilities, supplies and other costs incurred by the pawn stores.

Constant Currency BasisSix MonthsEndedSix Months EndedJune 30,Increase /June 30,Increase /2025(Decrease) 20252024(Decrease)(Non-GAAP)(Non-GAAP)Latin America Pawn SegmentRevenue:Retail merchandise sales$256,488 $265,294 (3)%$296,887 12 %Pawn loan fees113,797 117,275 (3)%131,755 12 %Wholesale scrap jewelry sales19,749 18,053 9 %19,749 9 %Total revenue390,034 400,622 (3)%448,391 12 %Cost of revenue:   Cost of retail merchandise sold166,318 170,459 (2)%192,333 13 %Cost of wholesale scrap jewelry sold16,770 15,296 10 %19,491 27 %Total cost of revenue183,088 185,755 (1)%211,824 14 %Net revenue206,946 214,867 (4)%236,567 10 %Segment expenses:   Operating expenses125,831 135,327 (7)%144,841 7 %Depreciation and amortization8,730 10,523 (17)%10,008 (5)%Total segment expenses134,561 145,850 (8)%154,849 6 %Segment pre-tax operating income$72,385 $69,017 5 %$81,718 18 %Operating metrics:Retail merchandise sales margin35 %36 %35 %Net revenue margin53 %54 %53