Earnings Releases·Oct 28, 2026, 8:28 AM ET

PROG Holdings — Third Quarter 2026 Earnings Summary

Consolidated revenues rose 25.6% year-over-year to $725.8 million, while net earnings increased to $37.5 million and Adjusted EBITDA grew 21.8% to $80.0 million; GMV surged 58.9% to $912.0 million.
The company reduced full-year 2026 guidance across all key metrics, including revenue ($3.015B–$3.050B), net earnings ($152.0M–$158.5M), and Adjusted EBITDA ($345.0M–$355.0M), citing a more pressured consumer backdrop.
Segment performance was mixed, with "Four" driving significant growth (GMV up 102.6%) and the newly acquired Purchasing Power contributing $131.8 million in revenue, while Progressive Leasing saw declines in revenue (-0.7%) and Adjusted EBITDA (-12.3%).
Capital allocation included a $36.7 million stock repurchase in the quarter, an announcement of a $100 million accelerated share repurchase program for Q4, and a Board decision to replenish the repurchase authorization by $237.3 million to a total of $500.0 million.