UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549

                                  FORM 10-Q

  (Mark One)
  [x]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934

  For the quarterly period ended September 30, 2006, or

  [ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934

  For the transition period from __________ to ___________

  Commission file number 0-19133

                     FIRST CASH FINANCIAL SERVICES, INC.
            (Exact name of registrant as specified in its charter)

                  Delaware                         75-2237318
       (state or other jurisdiction    (IRS Employer Identification No.)
     of incorporation or organization)

      690 East Lamar Blvd., Suite 400
             Arlington, Texas                          76011
 (Address of principal executive offices)           (Zip Code)

     Registrant's telephone number, including area code:  (817) 460-3947


    Indicate by check mark whether the  registrant (1) has filed all  reports
 required to be filed by Section 13  or 15(d) of the Securities Exchange  Act
 of 1934 during the preceding 12 months (or for such shorter period that  the
 registrant was required to file such  reports), and (2) has been subject  to
 such filing requirements for the past 90 days.  Yes  X  No ___

      Indicate by check mark  whether the registrant  is a large  accelerated
 filer, an accelerated filer, or a non-accelerated filer.  Large  accelerated
 filer [   ]     Accelerated filer [ X ]     Non-accelerated filer [   ]

      Indicate by check mark  whether the registrant is  a shell company  (as
 defined in Rule 12b-2 of the Exchange Act).  Yes ___  No  X

      As of November  8, 2006 there  were 31,536,004 shares  of Common  Stock
 outstanding.

<PAGE>

                        PART I.  FINANCIAL INFORMATION

 ITEM 1.  FINANCIAL STATEMENTS

                     FIRST CASH FINANCIAL SERVICES, INC.
                    CONDENSED CONSOLIDATED BALANCE SHEETS

                                                September 30,      December 31,
                                             --------------------  ------------
                                               2006        2005        2005
                                              -------     -------     -------
                                                  (unaudited)
                                           (in thousands, except per share data)

                     ASSETS
 Cash and cash equivalents                   $ 20,789    $ 29,657    $ 42,741
 Service fees receivable                        5,203       4,227       4,176
 Customer receivables, net of allowance
   of $9,391, $246 and $242, respectively      71,692      35,750      33,802
 Inventories                                   28,018      21,461      21,987
 Prepaid expenses and other current assets      7,026       4,005       5,430
                                              -------     -------     -------
   Total current assets                       132,728      95,100     108,136

 Property and equipment, net                   29,119      22,396      23,565
 Goodwill and other intangible assets          72,631      53,237      53,237
 Other                                          1,208         938       1,016
                                              -------     -------     -------
   Total assets                              $235,686    $171,671    $185,954
                                              =======     =======     =======

      LIABILITIES AND STOCKHOLDERS' EQUITY
 Current portion of notes payable            $  2,250    $      -    $      -
 Accounts payable                               2,091         945         908
 Accrued liabilities                           14,228       9,242      13,722
                                              -------     -------     -------
   Total current liabilities                   18,569      10,187      14,630

 Revolving credit facility                     31,000           -           -
 Notes payable, net of current portion          7,750           -           -
 Deferred income taxes payable                  9,245       8,569       8,616
                                              -------     -------     -------
   Total liabilities                           66,564      18,756      23,246

 Stockholders' equity:
   Preferred stock; $.01 par value;
     10,000,000 shares authorized                   -           -           -
   Common stock; $.01 par value;
     90,000,000 shares authorized                 347         336         340
   Additional paid-in capital                  92,173      80,997      83,065
   Retained earnings                          124,875      95,102     102,823
   Common stock held in treasury              (48,273)    (23,520)    (23,520)
                                              -------     -------     -------
     Total stockholders' equity               169,122     152,915     162,708
                                              -------     -------     -------
     Total liabilities and
       stockholders' equity                  $235,686    $171,671    $185,954
                                              =======     =======     =======

                 The accompanying notes are an integral part
            of these condensed consolidated financial statements.

<PAGE>

                     FIRST CASH FINANCIAL SERVICES, INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF INCOME


                                  Three Months Ended       Nine Months Ended
                                     September 30,           September 30,
                                 ---------------------   --------------------
                                    2006        2005        2006        2005
                                   -------     -------     -------    -------
                             (unaudited, in thousands, except per share amounts)
 Revenues:
   Merchandise sales              $ 36,988    $ 25,441    $ 95,850   $ 72,222
   Finance and service charges      31,479      27,932      82,685     72,386
   Other                             1,005         934       3,012      3,026
                                   -------     -------     -------    -------
                                    69,472      54,307     181,547    147,634
                                   -------     -------     -------    -------
 Cost of revenues:
   Cost of goods sold               20,781      15,635      55,314     43,605
   Credit loss provision             6,789       4,257      11,328      8,856
   Other                               122          72         312        206
                                   -------     -------     -------    -------
                                    27,692      19,964      66,954     52,667
                                   -------     -------     -------    -------
 Net revenues                       41,780      34,343     114,593     94,967
                                   -------     -------     -------    -------
 Expenses and other income:
   Store operating expenses         21,086      17,574      57,853     49,499
   Administrative expenses           6,031       5,251      16,801     13,676
   Depreciation and amortization     2,090       1,533       5,690      4,195
   Interest expense                    219           -         219          -
   Interest income                    (141)        (46)       (691)      (217)
                                   -------     -------     -------    -------
                                    29,285      24,312      79,872     67,153
                                   -------     -------     -------    -------

 Income before income taxes         12,495      10,031      34,721     27,814
 Provision for income taxes          4,560       3,661      12,669     10,152
                                   -------     -------     -------    -------
 Net income                       $  7,935    $  6,370    $ 22,052   $ 17,662
                                   =======     =======     =======    =======
 Net income per share:
   Basic                          $   0.26    $   0.20    $   0.70   $   0.56
                                   =======     =======     =======    =======
   Diluted                        $   0.25    $   0.19    $   0.67   $   0.53
                                   =======     =======     =======    =======

                 The accompanying notes are an integral part
            of these condensed consolidated financial statements.

<PAGE>

                     FIRST CASH FINANCIAL SERVICES, INC.
               CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                          Nine Months Ended
                                                            September 30,
                                                        --------------------
                                                          2006        2005
                                                        --------    --------
                                                     (unaudited, in thousands)
 Cash flows from operating activities:
   Net income                                          $  22,052   $  17,662
   Adjustments to reconcile net income to net
     cash flows from operating activities:
     Depreciation and amortization                         5,690       4,195
     Share-based compensation                                560           -
     Non-cash portion of credit loss provision             4,289       6,462
     Stock option and warrant income tax benefit               -       1,147
   Changes in operating assets and liabilities:
     Service fees receivable                              (1,027)        285
     Inventories                                          (1,326)     (1,412)
     Prepaid expenses and other assets                      (294)       (573)
     Accounts payable and accrued liabilities               (832)        645
     Current and deferred income taxes                    (1,293)       (108)
                                                        --------    --------
       Net cash flows from operating activities           27,819      28,303
                                                        --------    --------
 Cash flows from investing activities:
   Customer receivables, originations
     net of collections                                  (15,503)     (5,723)
   Purchases of property and equipment                   (10,928)     (9,215)
   Acquisition of Auto Master buy-here/pay-here
     automotive division                                 (23,652)          -
                                                        --------    --------
     Net cash flows from investing activities            (50,083)    (14,938)
                                                        --------    --------
 Cash flows from financing activities:
   Proceeds from debt                                     31,000           -
   Payments of debt                                      (14,490)          -
   Purchase of treasury stock                            (24,753)    (11,404)
   Proceeds from exercise of stock options and warrants    5,582       1,464
   Stock option and warrant income tax benefit             2,973           -
                                                        --------    --------
     Net cash flows from financing activities                312      (9,940)
                                                        --------    --------
 Change in cash and cash equivalents                     (21,952)      3,425
   Cash and cash equivalents at beginning
     of the period                                        42,741      26,232
                                                        --------    --------
   Cash and cash equivalents at end of the period      $  20,789   $  29,657
                                                        ========    ========
 Supplemental disclosure of cash flow information:
   Cash paid during the period for:
     Interest                                          $     148   $       -
                                                        ========    ========
     Income taxes                                      $  11,310   $   9,513
                                                        ========    ========

 Supplemental disclosure of non-cash investing activity:
   Non-cash transactions in connection with pawn
     receivables settled through forfeitures of
     collateral transferred to inventories             $  35,379   $  29,876
                                                        ========    ========

 Supplemental disclosure of non-cash financing activity:
   Notes payable issued in connection with the
     acquisition of Auto Master                        $  10,000   $       -
                                                        ========    ========

                 The accompanying notes are an integral part
            of these condensed consolidated financial statements.

<PAGE>

                     FIRST CASH FINANCIAL SERVICES, INC.
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                 (UNAUDITED)

 Note 1 - Basis of Presentation

      The accompanying unaudited condensed consolidated financial statements,
 including the notes thereto,  include the accounts  of First Cash  Financial
 Services,  Inc.  (the  "Company"),  and  its  wholly-owned subsidiaries.  In
 addition, the  accompanying consolidated  financial statements  include  the
 accounts of  Cash &  Go, Ltd.,  a Texas  limited partnership  that  operates
 financial services kiosks  inside convenience stores,  in which the  Company
 has  a 50%  ownership interest.  All significant  intercompany accounts  and
 transactions have been eliminated.

      On August 25, 2006, the Company acquired Guaranteed Auto Finance,  Inc.
 and SHAC, Inc. (collectively doing business as "Auto Master").  Accordingly,
 the Consolidated Balance Sheets  include the accounts of  Auto Master as  of
 September 30, 2006  and the Consolidated  Statements of  Income include  the
 results of Auto Master for the period August 26, 2006 through  September 30,
 2006.  All significant  intercompany accounts  and  transactions  have  been
 eliminated.

      Such unaudited consolidated financial  statements are condensed and  do
 not include all  disclosures and  footnotes required  by generally  accepted
 accounting principles in the United States of America for complete financial
 statements.  Such interim  period financial  statements should  be  read  in
 conjunction with the Company's consolidated financial statements,  which are
 included in the Company's December 31, 2005 Annual Report on Form 10-K.  The
 condensed consolidated financial statements as of September 30, 2006 and for
 the three and  nine-month periods  ended September  30, 2006  and 2005,  are
 unaudited, but in management's opinion, include all adjustments  (consisting
 of only normal recurring adjustments) considered necessary to present fairly
 the financial  position,  results of  operations  and cash  flows  for  such
 interim periods.  Operating results for the periods ended September 30, 2006
 are not necessarily indicative of the  results that may be expected for  the
 full fiscal year.

      Certain amounts  in  prior  year comparative  presentations  have  been
 reclassified in order to conform to the 2006 presentation.


 Note 2 - Stock Split

      In January 2006, the Company's Board  of Directors approved a  two-for-
 one stock split in the form of a stock dividend to shareholders of record on
 February 6, 2006.  The  additional  shares were  distributed on February 20,
 2006.  Common stock and all  share and per share amounts (except  authorized
 shares and par value) have been retroactively adjusted to reflect the split.


 Note 3 - Revolving Credit Facility and Notes Payable

      The Company maintains a  long-term line of  credit with two  commercial
 lenders (the "Credit Facility") which was  amended during the third  quarter
 of 2006  to increase  the amount  available under  the line  of credit  from
 $25,000,000 to $50,000,000  and to  extend the  term of  the facility  until
 April 2009.  The Credit Facility bears interest at the prevailing LIBOR rate
 (which was approximately 5.3% at September  30, 2006) plus a fixed  interest
 rate margin  of  1.375%.  Amounts available  under the  Credit Facility  are
 limited to 300% of the Company's earnings before income taxes, interest, and
 depreciation for the  trailing  twelve months.  At  September 30, 2006,  the
 Company had  $31,000,000  outstanding  under the  Credit  Facility  and  the
 Company had $19,000,000 available  for borrowings.  Under  the terms  of the
 Credit Facility,  the  Company is  required  to maintain  certain  financial
 ratios and comply  with certain  technical covenants.  The  Company  was  in
 compliance with the requirements and covenants of the Credit Facility as  of
 September 30, 2006, and November 8, 2006.  The Company is required to pay an
 annual commitment fee of 1/8  of 1% on the  average daily unused portion  of
 the Credit  Facility commitment.  The  Company's  Credit  Facility  contains
 provisions that  allow  the  Company to  repurchase stock  and/or  pay  cash
 dividends within certain parameters.  Substantially all of the  unencumbered
 assets of the Company have been  pledged as collateral against  indebtedness
 under the Credit Facility.

      The Company  has notes  payable to  individuals arising  from the  Auto
 Master acquisition which total $10,000,000 in aggregate and bear interest at
 7%, with quarterly  payments of principal  and interest  scheduled over  the
 next four  years.  Of  the  $10,000,000  in  notes  payable,  $2,250,000  is
 classified as a current liability and $7,750,000 is classified as  long-term
 debt.  One of the notes payable,  in the principal amount of $1,000,000,  is
 convertible after one year into 55,555 shares of the Company's common  stock
 at a conversion price of $18.00 per share.


 Note 4 - Earnings Per Share

          The following table sets forth the computation of basic and diluted
 earnings per share (in thousands, except per share data):

                                          Three Months Ended Nine Months Ended
                                             September 30,     September 30,
                                          ------------------  ----------------
                                             2006     2005     2006     2005
                                            ------   ------   ------   ------
 Numerator:
   Net income for calculating basic
     and diluted earnings per share        $ 7,935  $ 6,370  $22,052  $17,662
                                            ======   ======   ======   ======
 Denominator:
   Weighted-average common shares for
     calculating basic earnings per share   30,938   31,142   31,514   31,542
   Effect of dilutive securities:
     Stock options and warrants              1,345    1,724    1,352    1,700
                                            ------   ------   ------   ------
   Weighted-average common shares
     for calculating diluted earnings
     per share                              32,283   32,866   32,866   33,242
                                            ======   ======   ======   ======

 Basic earnings per share                  $  0.26  $  0.20  $  0.70  $  0.56
                                            ======   ======   ======   ======
 Diluted earnings per share                $  0.25  $  0.19  $  0.67  $  0.53
                                            ======   ======   ======   ======


 Note 5 - Share-Based Compensation Expense

      Under the  Company's equity  compensation plans,  including the  board-
 approved  1990  Stock  Option  Plan,  the  shareholder-approved  1999  Stock
 Option  Plan  and  the  shareholder-approved  2004 Long-Term Incentive  Plan
 (collectively described as the "Plans"), it  has granted qualified and  non-
 qualified stock options to officers, directors and other  key employees.  At
 September 30, 2006, 129,000 shares of  unissued common stock of the  Company
 were available for granting under the  Plans.  In addition, the Company  has
 issued warrants to purchase shares of common stock to certain key members of
 management, directors and other third parties.

       Prior to  January 1, 2006, the  Company applied  the  recognition  and
 measurement principles of APB 25, Accounting for Stock Issued to  Employees,
 and related interpretations in  accounting for awards  of stock options  and
 warrants, whereby  at  the  date  of  grant,  no  compensation  expense  was
 reflected in  income, as  all  stock options  and  warrants granted  had  an
 exercise price equal to or greater  than the market value of the  underlying
 common stock on  the date  of  grant.  Pro forma  information regarding  net
 income and earnings per share was  provided in accordance with Statement  of
 Financial Accounting  Standards  ("SFAS") 148,  Accounting  for  Stock-Based
 Compensation - Transition  and  Disclosure,  as  if the  fair  value  method
 defined by  SFAS  123,  Accounting  for Stock-Based  Compensation  had  been
 applied  to  stock-based   compensation.  For  purposes  of  the  pro  forma
 disclosures, the  estimated fair  value of  stock options  was amortized  to
 expense over the options' vesting period.

      Effective January 1, 2006, the Company adopted SFAS No. 123(R),  Share-
 Based Payments, which replaces SFAS 123 and supersedes APB 25.  SFAS  123(R)
 requires all share-based payments to employees, including grants of employee
 stock options, to be recognized in  the financial statements based on  their
 fair values.  The Company adopted SFAS 123(R) using the modified-prospective
 transition method, which requires the Company, beginning January 1, 2006 and
 thereafter, to expense the grant-date fair  value of all share-based  awards
 over their remaining vesting periods to the extent the awards were not fully
 vested as  of the date  of adoption  and  to expense the fair  value of  all
 share-based  awards  granted  subsequent  to  December 31, 2005  over  their
 requisite service periods.  Stock-based compensation expense for all  share-
 based payment awards granted  after January 1, 2006  is based on the  grant-
 date fair value estimated in accordance with the provisions of SFAS  123(R).
 The Company  recognizes  compensation cost  net  of a  forfeiture  rate  and
 recognizes the compensation cost for only those awards expected to vest on a
 straight-line basis over the requisite service period of the award, which is
 generally the vesting term.  The Company estimated the forfeiture rate based
 on its historical experience and its expectations of future forfeitures.  As
 required under  the modified-prospective  transition method,  prior  periods
 have  not  been  restated.  In  March  2005,  the  Securities  and  Exchange
 Commission ("SEC") issued  Staff Accounting Bulletin  ("SAB") 107  regarding
 the SEC's interpretation  of SFAS 123(R)  and the  valuation of  share-based
 payments for public companies.  The  Company has  applied the provisions  of
 SAB 107 in  its adoption  of SFAS  123(R).  The Company records  share-based
 compensation cost as an administrative expense.

      Historically, stock options and warrants have been granted to  purchase
 the Company's common stock at an exercise price equal to or greater than the
 fair market value at the date of grant and generally have a maximum duration
 of ten years.  Stock options  and  warrants granted prior to January 1, 2005
 were either fully vested  and exercisable on the grant date,  or vested  and
 become exercisable ratably over a five year period beginning five years from
 the  date  of  grant.  In addition,  certain  of  the options  with  vesting
 provisions granted prior  to January 1, 2005  included  accelerated  vesting
 provisions tied to  increases  in  the market value  of Company  stock.  All
 stock options granted during  fiscal 2005 were fully  vested on the date  of
 grant, of which 594,000 options were granted with an exercise price equal to
 the market price of  the stock on  the date of  grant and 5,264,000  options
 were granted with an  exercise price that exceeded  the market price on  the
 date of grant  ("premium-priced options").  The options  granted  in  fiscal
 2005 at market price had a  weighted-average exercise price of $12.50 and  a
 weighted-average fair value of $3.46.  The premium-priced options granted in
 fiscal 2005 had a weighted-average exercise price of $19.89 and a  weighted-
 average fair value price of $3.75.

      As a result of adopting SFAS  123(R) on January 1, 2006, the  Company's
 income before  income  taxes and  net  income  for the  three  months  ended
 September 30,  2006 were  approximately $40,000  and $25,000,  respectively,
 less  than  if  it  had  continued  to  account for share-based compensation
 under the recognition  and  measurement provisions of APB  25,  and  related
 interpretations, as permitted by SFAS 123.  Basic and diluted net income per
 share for the  three months  ended September 30,  2006 would  not have  been
 affected if the Company had not  adopted SFAS 123(R).  The Company's  income
 before income taxes and net income  for the nine months ended September  30,
 2006 were approximately $560,000 and $365,000, respectively, less than if it
 had continued to account for share-based compensation under the  recognition
 and measurement provisions  of APB  25.  Basic  and diluted  net income  per
 share for the nine months ended September 30, 2006 would have each increased
 by $0.01, to $0.71 and $0.68,  respectively, if the Company had not  adopted
 SFAS  123(R).  SFAS  123(R)  requires  that  cash flows  from  tax  benefits
 resulting from tax deductions in excess of the compensation cost  recognized
 for stock-based awards (excess tax benefits) be classified as financing cash
 flows prospectively from  January 1, 2006.  Prior to the  adoption  of  SFAS
 123(R), such excess  tax benefits were  presented as  operating cash  flows.
 Accordingly, $2,973,000  of excess  tax benefits  has been  classified as  a
 financing cash inflow  in  the  2006 year-to-date Consolidated Statement  of
 Cash Flows.  For the nine months  ended September 30, 2005, such excess  tax
 benefits amounted to $1,147,000 and were classified as an operating activity
 cash inflow.

      During the third quarter of 2006,  the Company issued 85,000  qualified
 stock options at or  above market price to  certain employees.  The  Company
 has recorded the estimated cost of the options,  which  it  considers  to be
 an immaterial amount,  in its share-based  compensation  expense,  based  on
 preliminary assumptions of expected life, expected volatility, the risk-free
 interest rate  and  expected forfeitures.  A more precise calculation of the
 weighted-average grant-date  fair value  and  disclosure of  the  underlying
 assumptions used  in the  fair value  calculation will  be provided  in  the
 Company's Annual Report on Form 10-K.

      Of  the  total  share-based  compensation  expense (before tax benefit)
 of $560,000  for the  nine months  ended  September 30, 2006,  approximately
 $490,000 related to accelerated  vesting of previously  issued options as  a
 result of an  increase in  the market value  of the  Company's common  stock
 during  the  first  quarter  of 2006.  As  of September 30, 2006, there were
 no outstanding,  unvested options  with accelerated  vesting  features.  The
 Company anticipates that it will record approximately an additional  $75,000
 of share-based compensation expense in the remaining quarter of fiscal 2006.
 Total share-based compensation expense, before tax benefit, for fiscal  2006
 is anticipated to be approximately $635,000.

      A summary of stock option and  warrant activity during the nine  months
 ended September 30, 2006 is presented below:

                                                    Weighted-
                                        Weighted-    Average       Aggregate
                           Underlying    Average    Remaining      Intrinsic
                             Shares     Exercise   Contractual       Value
                           (thousands)    Price    Term (years)   (thousands)
                           -----------  --------   ------------   -----------
 Outstanding at
   December 31, 2005          6,631      $12.04        8.5         $ 26,099

 Granted                         85       20.00        9.9               50
 Exercised                     (821)       6.83        7.4            8,434
 Canceled or forfeited            -           -          -                -
                              -----
 Outstanding at
   September 30, 2006         5,895       12.89        7.9           45,410
                              =====
 Vested and expected to vest
   at September 30, 2006      5,895       12.89        7.9           45,410
                              =====
 Exercisable at
   September 30, 2006         5,633       12.51        7.9           42,228
                              =====

      The aggregate intrinsic  value in the  above table  reflects the  total
 pretax intrinsic value (the difference  between the Company's closing  stock
 price on the last trading day  of the period and  the exercise price  of the
 options and warrants, multiplied by the  number of in-the-money options  and
 warrants) that would have been received  by the option  and  warrant holders
 had all option and warrant holders  exercised their options and warrants  on
 September 30, 2006.  The intrinsic  value of the stock options and  warrants
 exercised are based on the closing price of the Company's stock on the  date
 of exercise.  The  total intrinsic value of  options and warrants  exercised
 for the nine months  ended  September 30, 2005  was $3,319,000.  The Company
 typically issues  shares  of common  stock  to satisfy  option  and  warrant
 exercises.

      Prior to the adoption of SFAS 123(R), the Company accounted for  share-
 based compensation  plans under  the provisions  of APB 25,  Accounting  for
 Stock Issued to  Employees,  and  related interpretations.  If  compensation
 cost for stock-based  compensation plans had  been determined  based on  the
 fair value method (estimated using  the Black-Scholes option pricing  model)
 recognized over the vesting  period in accordance with  SFAS 123, pro  forma
 net income and earnings per share for the three and nine-month periods ended
 September 30, 2005, would have been as follows:

                                       Three Months Ended  Nine Months Ended
                                       September 30, 2005  September 30, 2005
                                       ------------------  ------------------
 Net income, as reported                    $ 6,370             $17,662
 Less:  Pro forma stock-based employee
   compensation determined under the
   fair value requirements of SFAS 123,
   net of income tax benefits                    46               7,485
                                             ------              ------
 Adjusted net income (loss)                 $ 6,324             $10,177
                                             ======              ======
 Earnings (loss) per share:
   Basic, as reported                       $  0.20             $  0.56
                                             ======              ======
   Basic, adjusted                          $  0.20             $  0.32
                                             ======              ======
   Diluted, as reported                     $  0.19             $  0.53
                                             ======              ======
   Diluted, adjusted                        $  0.19             $  0.31
                                             ======              ======

      No options were granted during the  three month period ended  September
 30, 2005.  The estimated per share weighted-average grant-date fair value of
 stock options granted during the nine-month period ended September 30, 2005,
 was $15.13, as determined using the Black-Scholes option pricing model based
 on the following assumptions:

                  Dividend yield                   -
                  Volatility                    45.0 %
                  Risk-free interest rate        3.5 %
                  Expected life                  5.0 years

      On November 10, 2005, the Financial Accounting Standards Board ("FASB")
 issued FASB Staff Position No. SFAS 123(R)-3, Transition Election Related to
 Accounting for Tax Effects of  Share-Based Payment Awards ("FSP  123(R)-3").
 The alternative transition method  includes simplified methods to  establish
 the beginning balance of the additional  paid-in capital pool ("APIC  pool")
 related to  the tax  effects of  employee stock-based  compensation, and  to
 determine the subsequent impact on the APIC pool and Consolidated Statements
 of Cash Flows of the tax effects of employee stock-based compensation awards
 that  are outstanding upon  adoption of SFAS 123(R).  The Company has  until
 January 1, 2007 to make  a one-time election to adopt the transition  method
 described in FSP 123(R)-3.  The Company is currently evaluating FSP  123(R)-
 3; however, if the  Company were to  make the one-time  election, it is  not
 expected to affect operating income or net income.


 Note 6 - Guarantees

      First Cash Credit,  Ltd. ("FCC"),  a  wholly-owned  subsidiary  of  the
 Company, offers  a  fee-based credit  services  program ("CSO  program")  to
 assist consumers in its  Texas markets in obtaining  credit.  Under the  CSO
 program, FCC assists  customers in applying  for a short-term  loan from  an
 independent, non-bank, consumer lending  company (the "Independent  Lender")
 and issues  the Independent  Lender  a letter  of  credit to  guarantee  the
 repayment of the loan.  The loans  made by the Independent Lender to  credit
 services customers of FCC range in amount from $100 to $1,000, have terms of
 7 to 31 days and bear interest at a rate  of less than 10% on an  annualized
 basis.

      These letters of credit constitute a guarantee for which the Company is
 required to recognize, at the inception of the  guarantee,  a liability  for
 the fair  value of  the  obligation undertaken  by  issuing the  letters  of
 credit.  The Independent Lender may present the letter of credit to FCC  for
 payment if the  customer fails  to repay  the  full amount of  the loan  and
 accrued interest after  the due date  of the loan.  Each  letter  of  credit
 expires within  60  days  from  the  inception  of  the  associated  lending
 transaction.  FCC's maximum  loss  exposure  under  all of  the  outstanding
 letters of  credit issued  on behalf  of its  customers to  the  Independent
 Lender as of September 30, 2006  was $12,823,000 compared to $11,129,000  at
 September 30, 2005.  According  to the letter  of credit,  if  the  borrower
 defaults on  the loan,  the  Company will  pay  the Independent  Lender  the
 principal, accrued interest, insufficient funds fee,  and late fees, all  of
 which the Company records as bad  debt in the short-term advance and  credit
 services loss provision.  FCC is entitled to seek recovery directly from its
 customers for amounts it pays the Independent Lender in performing under the
 letters of credit.  The  Company records the  estimated fair  value  of  the
 liability under the letters of credit in accrued liabilities.


 Note 7 - Acquisition

      Pursuant to the  Company's strategic initiative  to grow and  diversify
 its product  suite  within  the specialty  consumer  finance  industry,  the
 Company acquired two  affiliated companies, collectively  doing business  as
 Auto Master,  an automotive  retailer and  related finance  company  focused
 exclusively on the  "buy-here/pay-here" segment of  the retail used  vehicle
 market.  Auto Master, based in  Northwest Arkansas, owns and operates  eight
 buy-here/pay-here automobile dealerships located  in Arkansas, Missouri  and
 Oklahoma, which  specialize in  the sale  of clean,  moderately-priced  used
 vehicles.  The  definitive stock purchase  agreement for the  privately-held
 Auto Master group  of companies was  signed and closed  on  August 25, 2006.
 The purchase price,  in the amount  of $33.7 million,  was funded through  a
 combination of $23.7 million in cash and notes payable to the sellers in the
 amount of $10 million.  In  addition, the Company retired approximately  $14
 million of the outstanding interest-bearing  debt of Auto Master  subsequent
 to closing the purchase transaction.

      The acquisition has  been accounted for  using the  purchase method  of
 accounting.  Accordingly,  the purchase price  was allocated  to assets  and
 liabilities acquired based upon  their estimated fair  market values at  the
 date of acquisition.  The  excess  purchase  price over  the estimated  fair
 market value of the net tangible assets acquired and identifiable intangible
 assets has been  recorded as  goodwill.  The  total amount  of goodwill  and
 identified intangible  assets, currently  estimated at  approximately  $19.4
 million, is expected  to be deductible  for tax purposes.  The  actual  fair
 market  value  of  the  assets acquired  is currently  being evaluated.  The
 results  of  operations  of  the  acquired  company  are  included  in   the
 consolidated financial statements from its date of acquisition.

      The preliminary allocation of the purchase price is presented below (in
 thousands):

        Cash                                       $        7
        Fair market value of net tangible assets       28,723
        Goodwill and intangible assets                 19,420
        Less:  assumed debt                           (14,490)
                                                    ---------
                                                   $   33,660
                                                    =========


 Note 8 - Operating Segment Information

      The Company  manages  its  business on  the  basis  of  two  reportable
 segments: the pawn and short-term advance segment and the  buy-here/pay-here
 automotive segment.  There are no intersegmental sales  and  each segment is
 supervised separately.  The following  tables detail selected balance  sheet
 information regarding the operating  segments as of  September 30, 2006  and
 September 30, 2005 (amounts shown in thousands):

                                         Pawn and     Buy-Here/
                                        Short-term    Pay-Here
                                          Advance    Automotive  Consolidated
                                        ----------   ----------  ------------
 September 30, 2006
 ------------------
 Service fees receivable                 $   5,128    $      75     $   5,203
 Customer receivables,
   net of allowance                         41,158       30,534        71,692
 Inventories                                24,912        3,106        28,018

 September 30, 2005
 ------------------
 Service fees receivable                 $   4,227    $       -     $   4,227
 Customer receivables,
   net of allowance                         35,750            -        35,750
 Inventories                                21,461            -        21,461

      The following tables  detail revenues, cost  of revenues, net  revenues
 and certain  expenses  by  operating segment  for  the  three  months  ended
 September 30, 2006 and September 30, 2005 (amounts shown in thousands):

                                            Pawn and     Buy-Here/
                                           Short-term    Pay-Here
                                             Advance    Automotive    Total
                                           ----------   ----------  ---------
 Three Months Ended September 30, 2006
 -------------------------------------
 Revenues:
   Merchandise sales                        $  30,620    $  6,368   $  36,988
   Finance and service charges                 31,150         329      31,479
   Other                                          979          26       1,005
                                             --------     -------    --------
                                               62,749       6,723      69,472
                                             --------     -------    --------
 Cost of revenues:
   Cost of goods sold                          17,822       2,959      20,781
   Credit loss provision                        5,237       1,552       6,789
   Other                                          122           -         122
                                             --------     -------    --------
                                               23,181       4,511      27,692
                                             --------     -------    --------
 Net revenues                                  39,568       2,212      41,780

 Expenses and other income:
   Store operating expenses                    20,277         809      21,086
   Store depreciation and amortization          1,867           4       1,871
                                             --------     -------    --------
                                               22,144         813      22,957
                                             --------     -------    --------
 Net store contribution                     $  17,424    $  1,399   $  18,823
                                             ========     =======    ========

 Three Months Ended September 30, 2005
 -------------------------------------

 Revenues:
   Merchandise sales                        $  25,441    $      -   $  25,441
   Finance and service charges                 27,932           -      27,932
   Other                                          934           -         934
                                             --------     -------    --------
                                               54,307           -      54,307
                                             --------     -------    --------
 Cost of revenues:
   Cost of goods sold                          15,635           -      15,635
   Credit loss provision                        4,257           -       4,257
   Other                                           72           -          72
                                             --------     -------    --------
                                               19,964           -      19,964
                                             --------     -------    --------
 Net revenues                                  34,343           -      34,343

 Expenses and other income:
   Store operating expenses                    17,574           -      17,574
   Store depreciation and amortization          1,366           -       1,366
                                             --------     -------    --------
                                               18,940           -      18,940
                                             --------     -------    --------
 Net store contribution                     $  15,403    $      -   $  15,403
                                             ========     =======    ========

      The following tables  detail revenues, cost  of revenues, net  revenues
 and certain  expenses  by  operating  segment  for  the  nine  months  ended
 September 30, 2006 and September 30, 2005 (amounts shown in thousands):

                                            Pawn and     Buy-Here/
                                           Short-term    Pay-Here
                                             Advance    Automotive    Total
                                           ----------   ----------  ---------
 Nine Months Ended September 30, 2006
 ------------------------------------

 Revenues:
   Merchandise sales                        $  89,482    $  6,368   $  95,850
   Finance and service charges                 82,356         329      82,685
   Other                                        2,986          26       3,012
                                             --------     -------    --------
                                              174,824       6,723     181,547
                                             --------     -------    --------
 Cost of revenues:
   Cost of goods sold                          52,355       2,959      55,314
   Credit loss provision                        9,776       1,552      11,328
   Other                                          312           -         312
                                             --------     -------    --------
                                               62,443       4,511      66,954
                                             --------     -------    --------
 Net revenues                                 112,381       2,212     114,593

 Expenses and other income:
   Store operating expenses                    57,044         809      57,853
   Store depreciation and amortization          5,126           4       5,130
                                             --------     -------    --------
                                               62,170         813      62,983
                                             --------     -------    --------
 Net store contribution                     $  50,211    $  1,399   $  51,610
                                             ========     =======    ========

 Nine Months Ended September 30, 2005
 ------------------------------------

 Revenues:
   Merchandise sales                        $  72,222    $      -   $  72,222
   Finance and service charges                 72,386           -      72,386
   Other                                        3,026           -       3,026
                                             --------     -------    --------
                                              147,634           -     147,634
                                             --------     -------    --------
 Cost of revenues:
   Cost of goods sold                          43,605           -      43,605
   Credit loss provision                        8,856           -       8,856
   Other                                          206           -         206
                                             --------     -------    --------
                                               52,667           -      52,667
                                             --------     -------    --------
 Net revenues                                  94,967           -      94,967

 Expenses and other income:
   Store operating expenses                    49,499           -      49,499
   Store depreciation and amortization          3,757           -       3,757
                                             --------     -------    --------
                                               53,256           -      53,256
                                             --------     -------    --------
 Net store contribution                     $  41,711    $      -   $  41,711
                                             ========     =======    ========

      The following table reconciles net store contribution, as presented
 above, to net income for each period presented:

                                         Three Months Ended Nine Months Ended
                                            September 30,     September 30,
                                         ------------------  ----------------
                                            2006     2005     2006     2005
                                           ------   ------   ------   ------
 Total net store contribution
   for reportable segments                 $18,823  $15,403  $51,610  $41,711
 Administrative depreciation
   and amortization                           (219)    (167)    (560)    (438)
 Administrative expenses                    (6,031)  (5,251) (16,801) (13,676)
 Interest expense                             (219)       -     (219)       -
 Interest income                               141       46      691      217
 Provision for income taxes                 (4,560)  (3,661) (12,669) (10,152)
                                            ------   ------   ------   ------
 Net income                                $ 7,935  $ 6,370  $22,052  $17,662
                                            ======   ======   ======   ======


 ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
          RESULTS OF OPERATIONS

 GENERAL

      The Company's pawn  store revenues are  derived primarily from  service
 fees on pawns  and  the sale  of unredeemed goods  (merchandise sales).  The
 Company accrues pawn service charge revenue  on a constant-yield basis  over
 the life of the pawn for all pawns  that the Company deems collection to  be
 probable based on historical pawn redemption  statistics.  If a pawn is  not
 repaid prior  to  the  expiration of  the  automatic  extension  period,  if
 applicable, the  property is  forfeited to  the Company  and  transferred to
 inventory at a value equal to the principal amount of the loan, exclusive of
 accrued interest.

      The Company's short-term advance store revenues  are derived  primarily
 from fees  on short-term  advances  and  credit services  transactions.  The
 Company recognizes service fee income on short-term advances on a  constant-
 yield basis over the life of the advance, which is generally thirty-one days
 or less.  The net defaults on short-term advances and changes in the  short-
 term advance valuation reserve  are charged to  the short-term advance  loss
 provision.  The Company recognizes credit services fees, which are collected
 from the customer at the inception of the loan, ratably over the life of the
 loan made by  the Independent  Lender.  The  loans made  by the  Independent
 Lender to credit services customers of FCC have terms of seven to thirty-one
 days.  The Company records a  liability for collected, but unearned,  credit
 services fees received from its customers.

      The  Company's  buy-here/pay-here   automotive  revenues  are   derived
 primarily from  the sale  of  used vehicles  and  the finance  charges  from
 related  vehicle  financing  contracts.  Revenues  from  the  sale  of  used
 vehicles  are  recognized  when  the  sales  contract  and  related  finance
 agreement is signed and  the customer has taken  possession of the  vehicle.
 Interest income is recognized on all active finance receivable accounts on a
 constant yield basis.  Late payment  fees are recognized when collected  and
 are included  in  revenue.  The Company  maintains an  allowance for  credit
 losses, on an aggregate basis,  at  a level it considers sufficient to cover
 estimated losses in the collection of  its finance receivables.  The  credit
 loss provision is  based primarily upon  historical credit loss  experience,
 with consideration given to recent credit loss trends, delinquency, economic
 conditions  and  management's  expectations  of  future  credit losses.  The
 credit loss  provision  is  periodically reviewed  by  management  with  any
 changes reflected in current operations.  Although it is at least reasonably
 possible that events or circumstances could occur in the future that are not
 presently foreseen which could cause actual  credit losses to be  materially
 different from  the  recorded  allowance  for  credit  losses,  the  Company
 believes that is has given appropriate consideration to all relevant factors
 and  has  made  reasonable  assumptions  in  determining  the  credit   loss
 provision.


 OPERATIONS AND LOCATIONS

      As of September 30, 2006,  the Company had  398 locations  in  thirteen
 U.S. states and eight states in Mexico.  Approximately 68 of the pawn stores
 also offer short-term advances  or credit services  products in addition  to
 pawn loans and retail sales.  In addition,  the Company operates eight  buy-
 here/pay-here automotive  dealerships.  The following  table  details  store
 counts for the three and nine-month periods ended September 30, 2006:

                                                           Buy-Here/
                                              Short-term   Pay-Here
                                        Pawn   Advance    Automotive    Total
                                       Stores   Stores   Dealerships  Locations
                                       ------   ------   -----------  ---------
 Three Months Ended September 30, 2006
 -------------------------------------
 Total locations, beginning of period     244      126             -        370
 New locations opened                       5       15             -         20
 Locations acquired                         -        -             8          8
 Locations closed or consolidated           -        -             -          -
                                       ------   ------   -----------  ---------
 Total locations, end of period           249      141             8        398
                                       ======   ======   ===========  =========

 Nine Months Ended September 30, 2006
 ------------------------------------
 Total locations, beginning of period     226      102             -        328
 New locations opened                      24       39             -         63
 Locations acquired                         -        -             8          8
 Locations closed or consolidated          (1)       -             -         (1)
                                       ------   ------   -----------  ---------
 Total locations, end of period           249      141             8        398
                                       ======   ======   ===========  =========

      The Company's 50%  owned joint  venture, Cash & Go,  Ltd.,  operates  a
 total of 40 kiosks located inside convenience stores in the state  of Texas,
 which are not included in the above table.  No kiosks were opened or  closed
 during the three and nine-month periods ended September 30, 2006.

      While the Company has had significant increases in revenues due to  new
 store openings  and acquisitions  in 2005  and  2006,  the Company  has also
 incurred increases  in operating  expenses  attributable to  the  additional
 locations.  Operating expenses consist of all items directly related to  the
 operation of the  Company's stores and  dealerships, including salaries  and
 related payroll  costs, rent,  utilities, equipment,  advertising,  property
 taxes, licenses, supplies and security.  Administrative expenses consist  of
 items relating  to the  operation of  the  corporate office,  including  the
 compensation and benefit costs of corporate management, area supervisors and
 other operations management personnel, collections operations and personnel,
 accounting and administrative costs, information technology costs, liability
 and casualty insurance, outside legal  and accounting fees and  stockholder-
 related expenses.

      Stores included in the same-store revenue calculations are those stores
 that were opened prior to the beginning of the prior year comparative fiscal
 period and are  still open.  Also included  are  stores that were  relocated
 during the year within a specified  distance serving the same market,  where
 there is not a  significant change in store  size and where  there is not  a
 significant overlap or gap  in timing between the  opening of the new  store
 and the closing of the  existing store.  During  the third quarter of  2006,
 the Company relocated one  store that involved a  significant change in  the
 size of its retail  showroom, and accordingly, the  expanded store has  been
 excluded  from  the  same-store  calculations.  Non-retail  sales  of  scrap
 jewelry are included  in same-store  revenue calculations.  The Auto  Master
 buy-here/pay-here automotive dealerships, acquired in August 2006, were  not
 included in the same-store revenue calculations.


 CRITICAL ACCOUNTING POLICIES

      The preparation of financial  statements in conformity with  accounting
 principles generally  accepted  in the  United  States of  America  requires
 management to  make  estimates  and assumptions  that  affect  the  reported
 amounts of  assets  and  liabilities, related  revenues  and  expenses,  and
 disclosure of  gain and  loss contingencies  at the  date of  the  financial
 statements.  Such estimates and assumptions are subject to a number of risks
 and uncertainties, which may cause actual results  to differ materially from
 the  Company's  estimates.  Both the  significant accounting  policies  that
 management believes are the most critical to aid in fully understanding  and
 evaluating  the  reported  financial  results  and  the  effects  of  recent
 accounting pronouncements have  been reported in  the Company's 2005  Annual
 Report on Form 10-K.

      Effective January 1, 2006,  the Company  adopted  Financial  Accounting
 Standards Board Statement No. 123(R), Share-Based Payments ("SFAS  123(R)").
 SFAS  123(R)   establishes   the   accounting   required   for   share-based
 compensation, and requires companies  to measure and recognize  compensation
 expense for all  share-based payments at  the grant date  based on the  fair
 value of the award, as defined in SFAS 123(R), and include such costs as  an
 expense in  their  statements  of  operations  over  the  requisite  service
 (vesting)  period.  The  Company  elected  to  adopt  SFAS  123(R)  using  a
 modified-prospective application, whereby  the provisions  of the  statement
 will apply going forward only from the date of adoption to new stock  option
 awards (issued subsequent to December 31,  2005) and for the portion of  any
 previously  issued  and  outstanding  stock  option  awards  for  which  the
 requisite service is rendered after the date of adoption.  Thus, the Company
 recognizes as  expense the  fair  value of  stock  options issued  prior  to
 January 1,  2006, but  vesting  after  January 1, 2006, over  the  remaining
 vesting period.  In  addition, compensation expense  must be recognized  for
 any awards modified, repurchased,  or canceled after  the date of  adoption.
 Under the  modified-prospective application,  no restatement  of  previously
 issued results is required.  The Black-Scholes option pricing model is  used
 to measure fair  value, which is  the same method  used in  prior years  for
 disclosure purposes.

      Effective July 1, 2005, First Cash Credit, Ltd. ("FCC"), a wholly-owned
 subsidiary of  the  Company,  began offering  a  fee-based  credit  services
 program ("CSO  program")  to  assist  consumers  in  its  Texas  markets  in
 obtaining credit.  Under the CSO program, FCC assists customers in  applying
 for a  short-term  loan  from an  independent,  non-bank,  consumer  lending
 company (the  "Independent  Lender") and  issues  the Independent  Lender  a
 letter of credit to guarantee the repayment of the loan.  The loans made  by
 the Independent Lender to credit services  customers of FCC range in  amount
 from $100 to $1,000, have terms of 7 to 31 days and bear interest at a  rate
 of less than 10% on an annualized basis.

      In accordance  with  the  provisions of  FASB  Interpretation  No.  45,
 Guarantor's Accounting and Disclosure Requirements for Guarantees, Including
 Indirect Guarantees of  Indebtedness of Others,  the Company has  determined
 that the letters of credit issued by  FCC to the Independent Lender as  part
 of the CSO program constitute a guarantee for which the Company is  required
 to recognize, at the  inception of the guarantee,  a liability  for the fair
 value of the obligation undertaken by  issuing the letters  of credit.  Each
 letter of credit is issued at the  time that a FCC credit services  customer
 enters into a loan agreement with  the Independent Lender.  The  Independent
 Lender may present the letter of credit  to FCC for payment if the  customer
 fails to repay the full  amount of the loan  and accrued interest after  the
 due date of the loan.  Each letter of credit expires within 60 days from the
 inception of the associated  lending transaction.  FCC  is entitled to  seek
 recovery directly from  its customers for  amounts it  pays the  Independent
 Lender in performing under the letters  of credit.  The Company records  the
 estimated fair  value of  the liabilities  under the  letters  of  credit in
 accrued liabilities.


 RESULTS OF OPERATIONS

 Three months ended September  30, 2006, compared to  the three months  ended
 September 30, 2005

      The following table (amounts shown in thousands) details the components
 of revenues  for the  three  months ended  September  30, 2006  (the  "Third
 Quarter of 2006"), as compared to the three months ended September 30,  2005
 (the "Third Quarter of 2005"):

                                      Three Months Ended September 30,
                                      --------------------------------
                                        2006        2005     Increase/Decrease
                                      --------    --------   -----------------
 Domestic revenues:
   Pawn retail merchandise sales     $  13,864   $  13,371  $    493       4%
   Pawn scrap jewelry sales              3,399       2,128     1,271      60%
   Pawn service charges                  7,523       6,551       972      15%
   Short-term advance and credit
     services fees                      18,244      17,200     1,044       6%
   Buy-here/pay-here retail
     automobile sales                    6,221           -     6,221       -
   Buy-here/pay-here wholesale
     automobile sales                      147           -       147       -
   Buy-here/pay-here finance charges       329           -       329       -
   Other                                 1,005         934        71       8%
                                      --------    --------   -------    ----
                                     $  50,732   $  40,184  $ 10,548      26%
                                      ========    ========   =======    ====
 Foreign revenues:
   Pawn retail merchandise sales     $   8,223   $   5,874  $  2,349      40%
   Pawn scrap jewelry sales              5,134       4,068     1,066      26%
   Pawn service charges                  5,383       4,181     1,202      29%
                                      --------    --------   -------    ----
                                     $  18,740   $  14,123  $  4,617      33%
                                      ========    ========   =======    ====
 Total revenues:
   Pawn retail merchandise sales        22,087   $  19,245     2,842      15%
   Pawn scrap jewelry sales              8,533       6,196     2,337      38%
   Pawn service charges                 12,906      10,732     2,174      20%
   Short-term advance and credit
     services fees                      18,244      17,200     1,044       6%
   Buy-here/pay-here retail
     automobile sales                    6,221           -     6,221       -
   Buy-here/pay-here wholesale
     automobile sales                      147           -       147       -
   Buy-here/pay-here finance charges       329           -       329       -
   Other                                 1,005         934        71       8%
                                      --------    --------   -------    ----
                                     $  69,472   $  54,307  $ 15,165      28%
                                      ========    ========   =======    ====

      Year-over-year  revenue increases  for retail  merchandise sales,  pawn
 service fees  and  short-term advance/credit  service  fees were  due  to  a
 combination of  same-store revenue  growth and  the opening  of new  stores.
 Same-store revenues (stores that were in  operation during all of the  Third
 Quarter of both  2005  and  2006) increased 9%  or $4,761,000  for the Third
 Quarter  of  2006  as compared  to  the same  quarter  last  year.  Revenues
 generated by the 40 new pawn stores and the 48 new short-term advance stores
 opened since  July 1, 2005  increased by  $3,787,000, compared  to the  same
 quarter last year.

      The increase in scrap jewelry sales  during the Third Quarter of  2006,
 as compared  to the  Third Quarter  of  2005, was  primarily due  to  higher
 selling prices of gold in the Third Quarter of 2006, compared to the  prior-
 year  quarter.  Aggregate  short-term  advances  and  credit  services  fees
 increased 6% over the  same period, although revenues  in the Company's  ten
 Illinois locations decreased  due to new  short-term advance regulations  in
 that state.  Excluding  the Illinois  locations,  revenues  from  short-term
 advances  and  credit  services  offered from  short-term  advance locations
 increased by 17% compared to the prior year quarter.  The Company introduced
 its credit services  program in its  Texas  locations in  July 2005.  Credit
 services fees, which are included in reported  short-term advance and credit
 services fees, totaled $12,102,000 for the  Third Quarter of 2006,  compared
 to $7,361,000 for the Third Quarter of 2005.

      The Company acquired Auto Master on  August 25, 2006, and  accordingly,
 the buy-here/pay-here automotive revenues represent the results of the eight
 Auto Master dealerships for the period August 26, 2006 through September 30,
 2006.  During this period, Auto Master sold 643 vehicles to retail customers
 for an average selling price of $9,675 per vehicle.

      The  following  table  (amounts   shown  in  thousands)  details   pawn
 receivables, short-term advance  receivables, active  CSO loans  outstanding
 from an  independent  third-party lender  and  buy-here/pay-here  automotive
 receivables as of September 30, 2006, as compared to September 30, 2005:


                                      Balance at September 30,
                                      ------------------------
                                        2006        2005     Increase/Decrease
                                      --------    --------   -----------------
 Domestic customer receivables & CSO
 loans outstanding:
   Pawn receivables                  $  21,398   $  18,894  $  2,504      13%
   Short-term advance receivables,
     net of allowance                    6,459       6,598      (139)     (2%)
   CSO loans held by independent
     third-party lender (1)             11,457       9,994     1,463      15%
   Buy-here/pay-here receivables,
     net of allowance                   30,534           -    30,534       -
                                      --------    --------   -------    ----
                                        69,848      35,486    34,362      97%
                                      ========    ========   =======    ====
 Foreign customer receivables:
   Pawn receivables                     13,301      10,258     3,043      30%
                                      --------    --------   -------    -----
 Total customer receivables and
   CSO loans outstanding:
   Pawn receivables                     34,699      29,152     5,547      19%
   Short-term advance receivables,
     net of allowance                    6,459       6,598      (139)     (2%)
   CSO loans held by independent
     third-party lender (1)             11,457       9,994     1,463      15%
   Buy-here/pay-here receivables,
     net of allowance                   30,534           -    30,534       -
                                      --------    --------   -------    ----
                                     $  83,149   $  45,744  $ 37,405      82%
                                      ========    ========   =======    ====

 (1)  CSO loans outstanding are comprised of the principal portion of active
      CSO loans outstanding from an independent third-party lender, which are
      not included on the Company's balance sheet.

      Of the $5,547,000  total increase in  pawn receivables, $3,881,000  was
 attributable to growth at stores that were in operation as  of September 30,
 2006 and 2005,  and $1,666,000 was  attributable to the  32 new pawn  stores
 opened  since  September  30,  2005.  The  decrease  in  short-term  advance
 receivables was due  primarily to the  introduction of  the credit  services
 program in the Company's  Texas locations in  July 2005.  As  a result,  the
 Company had  no  short-term  advance receivables  in  its  Texas  locations,
 including the Cash & Go, Ltd,  joint venture kiosks, at  September 30, 2006,
 compared to $319,000 at September 30, 2005.  Combined short-term advance and
 third-party  credit  services  loans  outstanding  totaled  $17,916,000   at
 September 30, 2006.  Excluding the  Company's  ten  locations  in  Illinois,
 where loan  balances  have  decreased due  to  new  legislation,  short-term
 advance and third-party  credit services  loan balances  outstanding in  the
 Company's short-term advance locations  increased 20% year  over  year.  The
 Company's loss  reserve  on  short-term  advance receivables  decreased from
 $246,000  at September 30, 2005,  to $239,000  at  September 30,  2006.  The
 estimated fair value of the liabilities under the letters of credit, net  of
 anticipated recoveries from customers, was  $438,000 at September 30,  2006,
 compared to $425,000 at September 30, 2005, which is included as a component
 of the Company's accrued liabilities.  The Company's  loss  reserve on  buy-
 here/pay-here automotive receivables was $9,152,000 at September 30, 2006.

      The gross  profit margin  on total  pawn  merchandise sales  was  41.8%
 during the Third Quarter of 2006, compared to 38.5% during the Third Quarter
 of 2005,  due  primarily to increased  margins on scrap  jewelry sales.  The
 retail pawn  merchandise margin,  which excludes  scrap jewelry  sales,  was
 44.4% during  the Third  Quarter of  2006, compared  to 45.0%  in the  Third
 Quarter of 2005.  Gross  margin on sales  of scrap  jewelry  increased  from
 18.6% in the Third Quarter of  2005 to 35.1% in  the Third Quarter of  2006,
 due primarily to increased selling prices  of scrap gold.  The gross  profit
 margin, before  the  credit  loss  provision,  on  buy-here/pay-here  retail
 automobile sales was 55.8% for the period August 26, 2006 through  September
 30, 2006.

      The Company's short-term advance  and  credit  services  loss provision
 increased from 24.7% of short-term advance and credit services fee  revenues
 during the Third Quarter of 2005 to 28.7% during the Third Quarter of  2006.
 The increase  in  the  provision  was  primarily  related  to  an  increased
 proportion of new stores, which typically  have  greater early credit losses
 and higher charge-offs associated with  new customers and employees.  During
 the Third Quarter  of 2006,  the Company  sold certain  bad debt  portfolios
 generated from short-term  advances and  credit services  agreements for  an
 aggregate price of $439,000, compared to $941,000 in the prior year quarter.
 The sales were  recorded as a  credit to the  short-term advance and  credit
 services loss provision.  Excluding non-recurring  sales of certain old  bad
 debt portfolios in the Third Quarter of 2005, the Third Quarter 2006  credit
 provision as a percent  of fees decreased, or  improved, as compared to  the
 prior-year quarter.  The buy-here/pay-here automotive credit loss  provision
 was $1,552,000 for the  period August 26, 2006  through  September 30, 2006,
 which represented 25% of retail automobile sales.

      Pawn and short-term advance store  operating expenses increased 15%  to
 $20,277,000 during the Third Quarter of 2006, compared to $17,574,000 during
 the Third Quarter of 2005, primarily as a  result of the net addition of  83
 pawn  and  check  cashing/short-term  advance  stores  since  July 1,  2005,
 which is a  27%  increase  in the store count.  Buy-here/pay-here automotive
 dealership operating expenses  totaled $809,000  for the  period August  26,
 2006 through September 30, 2006.  Administrative expenses increased  15%  to
 $6,031,000 during the Third  Quarter of 2006  compared to $5,251,000  during
 the Third  Quarter of  2005, which  is primarily  attributable to  increased
 management   and   supervisory  compensation  expense   and   to  additional
 administrative expenses related to  new  store openings and the Auto  Master
 acquisition.  The Company  incurred interest expense on  acquisition-related
 debt  in  the  Third  Quarter  of  2006  of  $219,000.  There  was  no  debt
 outstanding  the  Third Quarter  of  2005.  Interest income  increased  from
 $46,000 in the Third  Quarter of 2005  to $141,000 in  the Third Quarter  of
 2006, due  primarily  to greater  levels  of  invested cash  and  to  higher
 interest rates.

      For both the Third  Quarter of 2006 and  2005, the Company's  effective
 federal income tax  rate of 36.5%  differed from the  federal statutory  tax
 rate of 35%, primarily as a result of state income taxes.


 Nine months ended September 30, 2006, compared to the nine months ended
 September 30, 2005

      The following table (amounts shown in thousands) details the components
 of revenues for the  nine months ended September  30, 2006 (the  "Nine-Month
 2006 Period"), as compared to the nine months ended September 30, 2005  (the
 "Nine-Month 2005 Period"):

                                      Nine Months Ended September 30,
                                      -------------------------------
                                        2006        2005     Increase/Decrease
                                      --------    --------   -----------------
 Domestic revenues:
   Pawn retail merchandise sales     $  43,242   $  41,113  $  2,129       5%
   Pawn scrap jewelry sales              8,397       5,320     3,077      58%
   Pawn service charges                 20,650      18,599     2,051      11%
   Short-term advance and credit
     services fees                      47,050      43,131     3,919       9%
   Buy-here/pay-here retail
     automobile sales                    6,221           -     6,221       -
   Buy-here/pay-here wholesale
     automobile sales                      147           -       147       -
   Buy-here/pay-here finance charges       329           -       329       -
   Other                                 3,012       3,026       (14)      -
                                      --------    --------   -------    ----
                                     $ 129,048   $ 111,189  $ 17,859      16%
                                      ========    ========   =======    ====
 Foreign revenues:
   Pawn retail merchandise sales     $  22,616   $  15,677  $  6,939      44%
   Pawn scrap jewelry sales             15,227      10,112     5,115      51%
   Pawn service charges                 14,656      10,656     4,000      38%
                                      --------    --------   -------    ----
                                     $  52,499   $  36,445  $ 16,054      44%
                                      ========    ========   =======    ====
 Total revenues:
   Pawn retail merchandise sales     $  65,858   $  56,790  $  9,068      16%
   Pawn scrap jewelry sales             23,624      15,432     8,192      53%
   Pawn service charges                 35,306      29,255     6,051      21%
   Short-term advance and credit
     services fees                      47,050      43,131     3,919       9%
   Buy-here/pay-here retail
     automobile sales                    6,221           -     6,221       -
   Buy-here/pay-here
     automobile wholesale sales            147           -       147       -
   Buy-here/pay-here finance charges       329           -       329       -
   Other                                 3,012       3,026       (14)      -
                                      --------    --------   -------    ----
                                     $ 181,547   $ 147,634  $ 33,913      23%
                                      ========    ========   =======    ====

      Year-over-year  revenue increases  for retail  merchandise sales,  pawn
 service fees  and  short-term advance/credit  service  fees were  due  to  a
 combination of  same-store revenue  growth and  the opening  of new  stores.
 Same-store revenues (stores that were in  operation during all of the  first
 nine months of  both 2005  and 2006) increased  10% or  $15,072,000 for  the
 Nine-Month  2006  Period as compared to the same period last year.  Revenues
 generated by  the 59  new pawn  stores  and the  54 new  short-term  advance
 stores which have  opened since January 1, 2005  increased  by  $12,721,000,
 compared to the same period last year.

      The increase in scrap jewelry sales during the Nine-Month 2006  Period,
 as compared to the  Nine-Month 2005 Period, was  due to both higher  selling
 prices of gold and a 10% increase in the volume-weight of scrap jewelry sold
 in the Nine-Month 2006 Period, compared to the prior-year period.  Aggregate
 short-term advance  and credit  services fees  increased  9%  over the  same
 period, although revenues in the Company's ten Illinois locations  decreased
 due to new  short-term advance  regulations in  that  state.  Excluding  the
 Illinois locations, revenues  from short-term advances  and credit  services
 offered from short-term advance locations increased  by 20% compared to  the
 prior year period.  The Company introduced  its  credit services program  in
 its Texas locations in July 2005.  Credit services fees, which are  included
 in reported short-term advance and credit services fees, totaled $30,968,000
 for the Nine-Month 2006  Period, compared to  $7,361,000 for the  Nine-Month
 2005 Period.

      The Company acquired Auto Master on  August 25, 2006,  and accordingly,
 the buy-here/pay-here automotive revenues represent the results of the eight
 Auto Master dealerships for the period August 26, 2006 through September 30,
 2006.  During this period, Auto Master sold 643 vehicles to retail customers
 for an average selling price of $9,675 per vehicle.

      The gross  profit margin  on total  pawn  merchandise sales  was  41.5%
 during the Nine-Month 2006 Period, compared  to 39.6% during the  Nine-Month
 2005 Period, primarily due to increased margin  on scrap jewelry sales.  The
 retail pawn  merchandise margin,  which excludes  scrap jewelry  sales,  was
 44.4% during the Nine-Month 2006 Period, compared to 44.5% during the  Nine-
 Month 2005 Period.  Gross margin on sales  of scrap jewelry  increased  from
 21.7% in the Nine-Month 2005 Period to 33.5% in the Nine-Month 2006  Period,
 primarily due to increased selling prices  of scrap gold.  The gross  profit
 margin, before  the  credit  loss  provision,  on  buy-here/pay-here  retail
 automobile sales was 55.8% for the period August 26, 2006 through  September
 30, 2006.

      The Company's  short-term advance  and credit  services loss  provision
 increased from 20.5% of short-term advance and credit services fee  revenues
 during the  Nine-Month  2005 Period  to  20.8% during  the  Nine-Month  2006
 Period.  The increase in the provision was primarily related to an increased
 proportion of new stores, which typically  have greater early credit  losses
 and higher charge-offs associated  with new customers and employees.  During
 the Nine-Month 2006 Period, the Company  sold bad debt portfolios  generated
 from short-term advances  and credit  services agreements  for an  aggregate
 price of $1,883,000, compared to $1,386,000  in the prior year  period.  The
 sales were  recorded  as a  credit  to  the short-term  advance  and  credit
 services loss provision.  Excluding non-recurring  sales of certain old  bad
 debt portfolios in  the Nine-Month 2005  Period, the credit  provision as  a
 percent of fees for  the Nine-Month 2006 Period  decreased, or improved,  as
 compared to the prior-year period.  The buy-here/pay-here automotive  credit
 loss provision  was  $1,552,000  for the  period  August  26,  2006  through
 September 30, 2006, which represented 25% of retail automobile sales.

      Pawn and short-term advance store operating expenses increased  15%  to
 $57,044,000 during  the  Nine-Month  2006 Period,  compared  to  $49,499,000
 during the Nine-Month 2005 Period, primarily as a result of the net addition
 of  106  pawn  and  check  cashing/short-term  advance stores  since January
 1, 2005, which  is  a 37% increase  in  the store  count.  Buy-here/pay-here
 automotive dealership  operating expenses  totaled $809,000  for the  period
 August  26,  2006  through  September  30,  2006.   Administrative  expenses
 increased  23%  to $16,801,000  during the  Nine-Month 2006  Period compared
 to  $13,676,000 during  the  Nine-Month  2005  Period,  which  is  primarily
 attributable to increased management  and supervisory compensation  expense,
 additional administrative expenses related to  new store openings, the  Auto
 Master acquisition  and  a non-cash  charge  of approximately  $560,000  for
 share-based compensation expense as a result of the adoption of SFAS 123(R),
 effective  January  1,  2006.  The  Company  incurred  interest  expense  on
 acquisition-related debt in the  Third Quarter  of 2006  of $219,000.  There
 was no debt outstanding during the Nine-Month 2005 Period.  Interest  income
 increased from $217,000  in the Nine-Month  2005 Period to  $691,000 in  the
 Nine-Month 2006 Period, due primarily to greater levels of invested cash and
 to higher interest rates.

      For both the  Nine-Month 2006 Period  and Nine-Month  2005 Period,  the
 Company's effective  federal income  tax rate  of  36.5% differed  from  the
 federal statutory tax  rate of 35%,  primarily as a  result of state  income
 taxes.


 LIQUIDITY AND CAPITAL RESOURCES

      As of September 30,  2006, the Company's  primary sources of  liquidity
 were $20,789,000 in cash and  cash equivalents, $76,895,000 in  receivables,
 $28,018,000 in inventories  and $19,000,000  of available  and unused  funds
 under the Company's  Credit Facility.  The Company  had  working capital  of
 $114,159,000  as  of September 30, 2006,  and  total equity  exceeded  total
 liabilities  by  a ratio  of 3 to 1.  The  Company's  operations  and  store
 openings have been financed with funds generated primarily from operations.

      The Company maintains a  long-term line of  credit with two  commercial
 lenders (the "Credit Facility") which was  amended during the third  quarter
 of 2006  to increase  the amount  available under  the line  of credit  from
 $25,000,000 to $50,000,000  and to  extend the  term of  the facility  until
 April 2009.  The Credit Facility bears interest at the prevailing LIBOR rate
 (which was approximately 5.3% at September  30, 2006) plus a fixed  interest
 rate margin  of  1.375%.  Amounts available  under the  Credit Facility  are
 limited to 300% of the Company's earnings before income taxes, interest, and
 depreciation for the  trailing  twelve months.  At September  30, 2006,  the
 Company had  $31,000,000  outstanding  under the  Credit  Facility  and  the
 Company had $19,000,000 available  for borrowings.  Under  the terms of  the
 Credit Facility,  the  Company is  required  to maintain  certain  financial
 ratios and comply  with certain  technical  covenants.  The  Company was  in
 compliance with the requirements and covenants of the Credit Facility as  of
 September 30, 2006, and November 8, 2006.  The Company is required to pay an
 annual commitment fee of 1/8  of 1% on the  average daily unused portion  of
 the Credit  Facility commitment.  The  Company's  Credit  Facility  contains
 provisions that  allow  the Company  to  repurchase stock  and/or  pay  cash
 dividends within certain parameters.  Substantially all of the  unencumbered
 assets of the Company have  been  pledged as collateral against indebtedness
 under the Credit Facility.

      The Company  has notes  payable to  individuals arising  from the  Auto
 Master acquisition which total $10,000,000 in aggregate and bear interest at
 7%, with quarterly payments of principal  and  interest  scheduled over  the
 next  four  years.  Of  the  $10,000,000  in notes  payable,  $2,250,000  is
 classified as a current liability and $7,750,000 is classified as  long-term
 debt.  One of the notes payable,  in the principal amount of $1,000,000,  is
 convertible after one year into 55,555 shares of the Company's common  stock
 at a conversion price of $18.00 per share.

      Net cash provided  by operating activities  of the  Company during  the
 Nine-Month 2006 Period, was $27,819,000, consisting primarily of net  income
 of $22,052,000  plus  non-cash  adjustments  for  depreciation,  share-based
 compensation  and  the  non-cash  portion  of the credit loss  provision  of
 $5,690,000, $560,000, $4,289,000,  respectively.  Net  changes in  operating
 assets and  liabilities reduced  cash used  by operating  activities in  the
 amount of $4,772,000.  Net cash used by investing activities during the nine
 months  ended  September 30, 2006,  was  $50,083,000,  which  was  primarily
 comprised of  net  cash  outflows  from  customer  receivables  activity  of
 $15,503,000, cash paid for  the Auto Master  acquisition of $23,652,000  and
 cash paid for fixed asset additions of  $10,928,000.  The opening of 63  new
 pawn and payday advance stores during the Nine-Month 2006 Period contributed
 significantly to the volume of fixed asset additions.  Net cash provided  by
 financing activities was $312,000 during  the Nine-Month 2006 Period,  which
 consisted of  proceeds from  debt of  $31,000,000,  the exercises  of  stock
 options and warrants  of $5,582,000, the  tax benefit from  the exercise  of
 employee stock options of  $2,973,000, net of the  payments of assumed  Auto
 Master debt of $14,490,000 and purchases of treasury stock in the amount  of
 $24,753,000.

      During the second quarter of 2006, the Company completed its  3,200,000
 share repurchase plan authorized in July 2004 at an average repurchase price
 of $12.32  per  share.  The Board  of Directors  subsequently authorized  an
 additional 2,000,000 share  repurchase.  Year-to-date through  September 30,
 2006, the Company has utilized excess cash flows to repurchase approximately
 $25,000,000 of common stock  for a total of  1,300,000 shares under the  two
 authorizations.

      For  purposes  of  its  internal  liquidity  assessments,  the  Company
 considers net cash changes  in customer receivables to be closely related to
 operating cash flows.  For the  Nine-Month 2006 Period, net  cash flows from
 operations were $27,819,000, while  net cash outflows  related  to  customer
 receivables  activity  was  $15,503,000.  The  combined  net cash flows from
 operations and customer receivables totaled $12,316,000  for the  Nine-Month
 2006  Period.  For the  comparable prior year period,  net  cash flows  from
 operations  were  $28,303,000,  and  net  cash  outflows related to customer
 receivables  activity  was  $5,723,000.  The  combined  net  cash flows from
 operations  and  customer receivables totaled $22,580,000 for the Nine-Month
 2005  Period,  which  included  a  non-recurring operating cash flow benefit
 of  approximately  $7,454,000  related  to the replacement of the short-term
 advance  product  with the credit services product in Texas during the Third
 Quarter of 2005.

      The  profitability  and liquidity  of the  Company is  affected by  the
 amount of customer receivables outstanding  and related collections of  such
 receivables.  In  general, revenue growth  is dependent  upon the  Company's
 ability to fund  growth  of customer receivable balances and inventories and
 the  ability  to absorb related  credit  losses.  At the current  time,  the
 majority of this growth is funded from operating cash flows.  In addition to
 these factors, merchandise sales and the pace of store expansions affect the
 Company's liquidity.

      Management  believes  that  the  Credit  Facility  and  cash  generated
 from operations will  be  sufficient to  accommodate  the Company's  current
 operations  for  fiscal  2006.   The  Company  has  no  significant  capital
 commitments. The Company currently has no written commitments for additional
 borrowings or future  acquisitions; however, the Company intends to continue
 to  grow  and  may  seek additional  capital  to facilitate  expansion.  The
 Company  will  evaluate  acquisitions,  if  any,  based upon  opportunities,
 acceptable financing, purchase price, strategic fit and qualified management
 personnel.

      The Company  currently intends  to continue  to engage  in  a  plan  of
 expansion primarily  through new  store  and  dealership openings.  With  63
 stores opened year-to-date, the Company has  already attained its target  of
 60 to 70 new store openings for the  year.  The Company intends to  continue
 its new store expansion program in 2007, with a  total of 70 to 75 new  pawn
 and short-term/payday advance stores anticipated for opening.  In  addition,
 the Company   expects  to open  3  to  5  new Auto Master  buy-here/pay-here
 automotive dealerships during the  remainder of 2006  and 2007. All  capital
 expenditures, working capital  requirements and start-up  losses related  to
 this expansion  are expected  to be  funded  through operating  cash  flows.
 While the Company  continually looks for,  and is  presented with  potential
 acquisition  opportunities,  the  Company  currently has no definitive plans
 or  commitments  for  acquisitions.  The  Company  will  evaluate  potential
 acquisitions, if any, based upon growth potential, purchase price, strategic
 fit and  quality of  management  personnel,  among  other  factors.  If  the
 Company encounters an attractive acquisition opportunity in the near future,
 the Company  may seek  additional  financing, the  terms  of which  will  be
 negotiated on a case-by-case basis.

      Earnings  before   interest,  taxes,   depreciation  and   amortization
 ("EBITDA") for the  trailing twelve month  period ended  September 30,  2006
 totaled $53,312,000,  an increase  of 25%  compared to  $42,641,000 for  the
 trailing twelve month period ended September  30, 2005.  The EBITDA  margin,
 which is EBITDA as a percentage  of revenues, for the trailing twelve  month
 period ended September 30, 2006 was 22%, which equaled the comparable  prior
 year period.

      EBITDA is commonly  used by investors  to assess  a company's  leverage
 capacity, liquidity and financial performance.  EBITDA is  not considered  a
 measure of financial  performance under U.S.  generally accepted  accounting
 principles ("GAAP"),  and the  items excluded  from EBITDA  are  significant
 components  in   understanding   and   assessing  the  Company's   financial
 performance.  Since EBITDA  is not a measure  determined in accordance  with
 GAAP and is thus susceptible to varying calculations, EBITDA, as  presented,
 may not be comparable to other similarly titled measures of other companies.
 EBITDA should not be considered as an alternative to net income, cash  flows
 provided by or used in operating, investing or financing activities or other
 financial statement data presented  in the Company's  consolidated financial
 statements  as an indicator of financial performance or liquidity.  Non-GAAP
 measures should be evaluated in conjunction  with, and are not a  substitute
 for, GAAP financial measures.

      The following table provides a reconciliation  of net income to  EBITDA
 (amounts in thousands):

                                               Trailing Twelve Months Ended
                                                      September 30,
                                               ----------------------------
                                                   2006            2005
                                                 --------        --------
 Net income                                     $  29,773       $  23,754

 Adjustments:
   Interest expense                                   219              13
   Interest income                                   (791)           (242)
   Income taxes                                    16,812          13,730
   Depreciation and amortization                    7,299           5,386
                                                 --------        --------
 Earnings before interest, income taxes,
 depreciation and amortization                  $  53,312       $  42,641
                                                 ========        ========


 CAUTIONARY STATEMENT REGARDING RISKS AND UNCERTAINTIES THAT MAY AFFECT
 FUTURE RESULTS

 Forward-Looking Information

      This quarterly report may contain forward-looking statements about  the
 business,  financial  condition  and  prospects  of  First  Cash   Financial
 Services, Inc. ("First Cash" or the "Company").  Forward-looking statements,
 as that  term is defined  in the  Private Securities  Litigation Reform  Act
 of  1995,  can  be identified  by  the  use  of forward-looking  terminology
 such as "believes,"  "projects,"  "expects,"  "may,"  "estimates," "should,"
 "plans,"  "intends," "could,"  or "anticipates,"  or the  negative  thereof,
 or  other  variations thereon,  or comparable terminology, or by discussions
 of  strategy.  Forward-looking  statements  can also be  identified  by  the
 fact  that  these  statements  do  not  relate  strictly  to  historical  or
 current matters.  Rather,  forward-looking statements relate to  anticipated
 or expected events, activities, trends or results.  Because  forward-looking
 statements relate to matters  that have not  yet occurred, these  statements
 are  inherently  subject  to  risks   and   uncertainties.   Forward-looking
 statements  in  this  quarterly  report  include,  without  limitation,  the
 Company's expansion  strategies,  expected store  and  dealership  openings,
 future liquidity, cash flows, debt levels, expected share-based compensation
 expense and other performance results.  These statements are made to provide
 the public with management's current  assessment of the Company's  business.
 Although the Company  believes that the  expectations reflected in  forward-
 looking statements  are reasonable,  there can  be no  assurances that  such
 expectations will prove to be accurate.  Security holders are cautioned that
 such  forward-looking  statements  involve  risks  and  uncertainties.   The
 forward-looking statements contained in this quarterly report speak only  as
 of the  date of  this statement,  and the  Company expressly  disclaims  any
 obligation or undertaking  to report any  updates or revisions  to any  such
 statement to reflect any change in the Company's expectations or any  change
 in events, conditions or circumstances on which any such statement is based.
 Certain  factors  may  cause  results   to  differ   materially  from  those
 anticipated by some of the statements  made in this quarterly  report.  Such
 factors are difficult  to predict  and many are  beyond the  control of  the
 Company and  may  include changes  in  regional, national  or  international
 economic conditions, changes in consumer borrowing and repayment  behaviors,
 credit losses, changes or increases in  competition, the ability to  locate,
 open and staff  new stores and  dealerships, the availability  or access  to
 sources  of  inventory,  inclement  weather,  the  ability  to  successfully
 integrate acquisitions, the ability to retain key management personnel,  the
 ability to operate with limited regulation as a credit services organization
 in Texas,  new  legislative  initiatives  or  governmental  regulations  (or
 changes to  existing  laws  and regulations)  affecting  short-term  advance
 businesses, credit services organizations, pawn businesses and buy-here/pay-
 here  automotive  retailers  in  both   the  U.S.  and  Mexico,   unforeseen
 litigation, changes in  interest rates, changes  in tax  rates or  policies,
 changes in gold prices,  changes in energy prices,  changes in used  vehicle
 prices, cost of funds,  changes in foreign  currency exchange rates,  future
 business decisions,  and other  uncertainties.  These  and  other risks  and
 uncertainties are indicated in the Company's 2005 Annual Report on Form 10-K
 (see "Item 1A. Risk Factors").

 Regulatory Developments

      The Company is subject to extensive regulation of its pawnshop,  short-
 term advance  lending,  credit  services  and  buy-here/pay-here  automotive
 retailing operations  in  most jurisdictions  in  which it  operates.  These
 regulations are provided  through numerous laws,  ordinances and  regulatory
 pronouncements from various federal,  state and local governmental  entities
 in the United  States and Mexico.  In many jurisdictions,  the Company  must
 obtain  and  maintain  regulatory  operating  licenses.  In  addition,  many
 statutes and regulations prescribe,  among  other  things, the general terms
 of  the  Company's  loan  agreements  and  the  maximum  service fees and/or
 interest rates that may  be  charged.  These regulatory agencies have  broad
 discretionary authority. The  Company is also  subject to  U.S. federal  and
 state regulations  relating  to  the  reporting  and  recording  of  certain
 currency transactions.  The Company's pawnshop operations in Mexico are also
 subject to, and must comply with  pawnshop and other general business,  tax,
 employment and consumer protection  regulations from various federal,  state
 and local governmental agencies in Mexico.

      Existing regulations and recent  regulatory developments are  described
 in greater detail in the Company's Annual  Report of Form 10-K for the  year
 ended December 31, 2005.  Subsequent  to the filing  of the 2005 Form  10-K,
 the State of Oregon enacted legislation that provides for significantly more
 restrictive  regulation  of  the  short-term  advance  industry beginning in
 July 2007.  The implementation  of these  more restrictive  regulations,  as
 currently enacted, is expected to have a significant negative effect on  the
 revenues and profitability of the Company's operations in Oregon,  beginning
 in July 2007,  where  the Company  currently  has seven  short-term  advance
 locations.  In October 2006, U.S. federal legislation was enacted which will
 limit the availability of certain of the Company's credit products to active
 duty military personnel no later than October 2007.  While  the Company does
 not  anticipate  any  significant  effect  on  its  operations  due  to  the
 restriction on lending to military personnel, such effect, if any, cannot be
 determined at the current time.  In Mexico, certain aspects of the Company's
 lending and retail operations have historically been regulated by PROFECO, a
 federal government consumer protection  agency.  Recent federal  legislation
 has expanded PROFECO's specific regulatory authority over the pawn industry,
 although resulting regulatory  changes, if any,  have not  been approved  or
 implemented at the current time.  While the Company does not anticipate  any
 significant effect on  its operations  due to  expanded PROFECO  regulation,
 such effect, if any, cannot be determined at the current time.

      There can  be no  assurance that  additional  local, state  or  federal
 statutes or regulations in  either the United States  or Mexico will not  be
 enacted or that existing  laws and regulations will  not be amended at  some
 future date that  could inhibit  the ability of  the Company  to offer  pawn
 loans, short-term advances, credit services and buy-here/pay-here automotive
 retailing/financing, significantly  decrease the  service fees  for  lending
 money, or prohibit or more stringently  regulate the sale of certain  goods,
 any of which  could cause  a significant,  adverse effect  on the  Company's
 future results.  If  legislative or  regulatory  actions that  had  negative
 effects on the  pawn, short-term advance,  credit services or  buy-here/pay-
 here automotive  industries were  taken at  a federal  level in  the  United
 States or Mexico, or in U.S.  or Mexican states or municipalities where  the
 Company has  a significant  number of  stores, those  actions could  have  a
 materially adverse  effect on  the Company's  lending, credit  services  and
 retail activities and revenues.  There can be  no assurance that  additional
 federal, state  or local  legislation in  the  U.S. or  Mexico will  not  be
 enacted, or that existing  laws and regulations will  not be amended,  which
 would have  a materially  adverse impact  on  the Company's  operations  and
 financial condition.


 ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

      Market risks relating to the Company's operations result primarily from
 changes in interest rates, gold prices  and foreign currency exchange  rates
 and are described in detail in the Company's 2005 Annual Report on Form  10-
 K.  The Company  does not engage in  speculative or leveraged  transactions,
 nor does  it  hold or  issue  financial instruments  for  trading  purposes.
 There have been  no material  changes to  the Company's  exposure to  market
 risks since December 31, 2005.


 ITEM 4.  CONTROLS AND PROCEDURES

      (a) Evaluation of Disclosure Controls and Procedures

          The Company's Chief Executive  Officer and Chief Financial  Officer
        have  evaluated  the   effectiveness  of  the  Company's   disclosure
        controls and  procedures (as defined in  Rule 13a-15(e) or Rule  15d-
        15(e)  under the Exchange Act) as  of the  end  of  our third  fiscal
        quarter  of  2006.  Based  on  such  evaluation, such  officers  have
        concluded that the  Company's disclosure controls and procedures  are
        effective.

      (b) Changes in Internal Control Over Financial Reporting

          There has  been no  significant change  in the  Company's  internal
        control over  financial reporting that  was identified in  connection
        with our evaluation that occurred during the quarter ended  September
        30, 2006,  that has materially affected,  or is reasonably likely  to
        materially  affect, the  Company's  internal control  over  financial
        reporting.

                         PART II.  OTHER INFORMATION


 ITEM 1.  LEGAL PROCEEDINGS

      There have been no material  developments in the litigation  previously
 reported in the Company's 2005 Annual Report on Form 10-K.


 ITEM 1A.  RISK FACTORS

      As a result  of the acquisition  of the  Auto Master  buy-here/pay-here
 automotive  division  in  August 2006,  certain  risk  factors,  as provided
 below,  have  been  identified  in  addition to  those  previously  reported
 in  the Company's  2005  Annual Report on Form 10-K.  In  addition,  certain
 regulatory risk factors identified  in the Company's 2005  Annual Report  on
 Form 10-K are updated herein under the "Regulatory Developments" section  of
 Item 2.

      The inability to  successfully integrate  acquisitions could  adversely
 affect results.  The  success of the Auto  Master acquisition is subject  to
 numerous internal  and external  factors, such  as the  ability to  transfer
 various data processing functions and connecting  links to our systems,  the
 management of additional  sales, administrative,  operations and  management
 personnel, overall management of  a larger organization, competitive  market
 forces, and general economic factors.

      The Company's success depends upon  the continued contributions of  the
 Auto Master management team.  The  Company is  dependent upon the  continued
 contributions of key Auto Master employees.  The loss of the services of key
 employees could have a material adverse  effect on the Company's results  of
 operations.  In addition,  as Auto Master opens new dealerships, the Company
 will need to hire additional personnel.  The market  for qualified employees
 in  the  industry  and  in  the  regions  Auto  Master  operates  is  highly
 competitive and may subject the Company to  increased labor costs during the
 periods of low unemployment.

      The Company's  allowance for  credit losses  may not  be sufficient  to
 cover actual  credit  losses  which could  adversely  affect  its  financial
 condition and operating  results.  From time  to  time, the  Company has  to
 recognize losses resulting from the inability of certain borrowers to  repay
 loans and  the  insufficient realizable value of the collateral securing the
 loans. The Company maintains an allowance for credit losses in an attempt to
 cover credit losses inherent in its loan portfolio. Additional credit losses
 will likely occur in  the future and may  occur at a  rate greater than  the
 Company has experienced to  date. The allowance for  credit losses is  based
 primarily  upon  historical  credit  loss  experience,   with  consideration
 given to  delinquency  levels,  collateral values,  economic conditions  and
 underwriting  and  collection  practices.  This  evaluation  is   inherently
 subjective as  it  requires  estimates  of  material  factors  that  may  be
 susceptible  to  significant  change.  If  the  Company's  assumptions   and
 judgments prove to be incorrect, its current allowance may not be sufficient
 and adjustments may be necessary to allow for different economic  conditions
 or adverse developments in its loan portfolio.

      The Company is dependent on the availability of used vehicle  inventory
 and  access  to such inventory.  Auto  Master  acquires  vehicles  primarily
 through auction wholesalers and new car dealers.  There  can be no assurance
 that sufficient  inventory  will continue to be available to the  Company or
 will be available at  comparable  costs.  Any reduction in the  availability
 of inventory or increases in  the  cost of  vehicles would  adversely affect
 gross  profit  percentages  as  the  Company  focuses  on  keeping  payments
 affordable to its  customer base.  The  Company  could  have  to absorb cost
 increases.

      Inclement weather can adversely impact the Company's operating results.
 The occurrence of weather  events, such as rain,  cold weather, snow,  wind,
 storms, hurricanes, or other natural disasters, adversely affecting consumer
 traffic at  Auto Master's  buy-here/pay-here automotive  dealerships,  could
 negatively impact the Company's operating results.


 ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

      In January 2006, the Company's Board  of Directors approved a  two-for-
 one stock split in the form of a stock dividend to shareholders of record on
 February 6, 2006.  The  additional  shares were  distributed on February 20,
 2006 and stock  began trading at  the split-adjusted price  on  February 22,
 2006.  All  share and per share amounts (except  authorized shares  and  par
 value) have been retroactively adjusted to reflect the split.

      During the period from January 1, 2006, through September 30, 2006, the
 Company issued 484,000 shares  of common stock relating  to the exercise  of
 outstanding stock  options for  an aggregate  exercise price  of  $5,920,000
 (including income  tax benefit).  During the  period  from  January 1, 2006,
 through September  30, 2006,  the Company  issued 337,000  shares of  common
 stock relating  to  the  exercise  of  outstanding  stock  warrants  for  an
 aggregate exercise price of $2,657,000 (including income tax benefit).

      The transactions  set  forth in  the  above paragraphs  were  completed
 pursuant to  either  Section 4(2)  of  the Securities  Act  or Rule  506  of
 Regulation D of the Securities Act.  With respect to issuances made pursuant
 to Section 4(2) of the Securities Act, the transactions did not involve  any
 public offering and were sold to a limited group of persons.  Each recipient
 either received  adequate  information  about the  Company  or  had  access,
 through employment  or other  relationships, to  such information,  and  the
 Company determined that each recipient had such knowledge and experience  in
 financial and business matters  that they were able  to evaluate the  merits
 and risks of an investment in the  Company.  With respect to issuances  made
 pursuant to Rule  506 of  Regulation D of  the Securities  Act, the  Company
 determined that each purchaser  was an "accredited  investor" as defined  in
 Rule 501(a) under the Securities Act.  All sales of the Company's securities
 were  made  by  officers  of  the  Company  who  received  no  commission or
 other remuneration for  the solicitation  of any  person  in connection with
 the respective  sales  of  securities  described  above.  The  recipients of
 securities  represented  their  intention  to  acquire  the  securities  for
 investment only and not with a  view to or for  sale in connection with  any
 distribution thereof  and  appropriate legends  were  affixed to  the  share
 certificates and other instruments issued in such transactions.

      In July 2004, the Company's Board of Directors authorized an open-ended
 stock  repurchase  plan,  with  no  dollar  limitation,  to  permit   future
 repurchases  of  up  to  3,200,000  shares  of  the  Company's   outstanding
 common  stock.  During  the  Second Quarter of 2006,  First Cash repurchased
 approximately 802,000 shares to close out the 2004-authorized  program.  The
 weighted average repurchase price of the  3,200,000 shares repurchased under
 this plan was $39,425,000 or $12.32 per share.

      In June 2006, the Company's Board of Directors authorized a new program
 for the repurchase  of  up to 2,000,000  additional shares  of First  Cash's
 outstanding common stock.  During  the Second Quarter  of 2006, the  Company
 repurchased a total of 461,000 common shares under the new stock  repurchase
 plan for an  aggregate purchase  price of  $8,848,000  or  $19.21 per share.
 There were no shares  repurchased during the Third  Quarter  of 2006.  There
 are 1,539,344  total remaining  shares available  for repurchase  under  the
 2006-authorized plan.


 ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

    Not Applicable


 ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

    None


 ITEM 5.  OTHER INFORMATION

    None


 ITEM 6.  EXHIBITS

          Exhibits:

          31.1  Certification Pursuant to Section  302 of the  Sarbanes-Oxley
                Act provided by Rick L. Wessel, Chief Executive Officer

          31.2  Certification Pursuant to Section  302 of the  Sarbanes-Oxley
                Act provided by R. Douglas Orr, Chief Financial Officer

          32.1  Certification Pursuant to 18 U.S.C. Section 1350, as  Adopted
                Pursuant to Section  906 of  the Sarbanes-Oxley  Act of  2002
                provided by Rick  L. Wessel, Chief  Executive Officer and  R.
                Douglas Orr, Chief Financial Officer



 SIGNATURES


   Pursuant to the requirements of  the Securities Exchange Act of 1934,  the
 registrant has duly caused  this report to  be signed on  its behalf by  the
 undersigned thereunto duly authorized.


 Dated:  November 8, 2006      FIRST CASH FINANCIAL SERVICES, INC.
                               -----------------------------------
                               (Registrant)

                               /s/ RICK L. WESSEL
                               -----------------------
                               Rick L. Wessel
                               Chief Executive Officer
                               (Principal Executive Officer)

                               /s/ R. DOUGLAS ORR
                               -----------------------
                               R. Douglas Orr
                               Executive Vice President and
                               Chief Financial Officer
                               (Principal Financial and Accounting Officer)

<PAGE>

 INDEX TO EXHIBITS

  EXHIBIT
  NUMBER                   DESCRIPTION
  ------                   -----------

   31.1    Certification Pursuant to Section 302 of the Sarbanes-Oxley Act
           provided by Rick L. Wessel, Chief Executive Officer

   31.2    Certification Pursuant to Section 302 of the Sarbanes-Oxley Act
           provided by R. Douglas Orr, Chief Financial Officer

   32.1    Certification Pursuant to 18 U.S.C. Section 1350, as Adopted
           Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 provided
           by Rick L. Wessel, Chief Executive Officer and R. Douglas Orr,
           Chief Financial Officer