FirstCash adds $200M to buyback authorization
Repurchases may use open-market, block or privately negotiated transactions, with no completion deadline under the authorization.
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Form Type
8-K
Rhea-AI Filing Summary
FirstCash Holdings, Inc. announced that its board approved a $200 million increase to the share repurchase authorization on October 27, 2026, bringing the program’s total authorization to $350 million. As of the October 28, 2026 market open, $222 million remained. The company reported repurchases of 644,000 shares at an average price of $199.46 per share, for an aggregate purchase price of $128 million.
Repurchases may occur through open-market transactions, block purchases or privately negotiated transactions, and may from time to time be made under a trading plan in accordance with Rules 10b5-1 and 10b-18. The authorization has no completion deadline, and the program may be suspended or discontinued at any time.
Insights
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Authorization increase: $200 million
Total repurchase authorization: $350 million
Remaining authorization: $222 million
+3 more
6 metrics
Authorization increase
$200 million
Approved October 27, 2026
Total repurchase authorization
$350 million
Total authorization under the program
Remaining authorization
$222 million
As of the October 28, 2026 market open
Shares repurchased
644,000 shares
Under the existing share repurchase program, to date
Average repurchase price
$199.46 per share
Repurchases under the existing program
Aggregate purchase price
$128 million
Repurchases under the existing program, to date
Key Terms
stock repurchase authorization, Rule 10b5-1, Rule 10b-18
3 terms
stock repurchase authorization financial
"increased the Company’s stock repurchase authorization by $200 million"
A stock repurchase authorization is board approval for a company to buy back its own shares up to a stated amount or time period, using its cash or borrowed funds. For investors it matters because reducing the number of shares outstanding can increase each remaining share’s claim on profits and often signals management’s confidence, but it also uses cash that could have been spent on other priorities — like shrinking a pie so each slice is bigger.
Rule 10b5-1 regulatory
"in accordance with Rule 10b5-1 and Rule 10b-18"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Rule 10b-18 regulatory
"in accordance with Rule 10b5-1 and Rule 10b-18"
Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How can FirstCash carry out repurchases under the authorization?
The company may use open-market transactions, block purchases or privately negotiated transactions. It may also purchase shares from time to time under a trading plan in accordance with Rules 10b5-1 and 10b-18. The authorization has no time limit and may be suspended or discontinued at any time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): October 27, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of principal executive offices, including zip code)
(817 ) 335-1100
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Securities Exchange Act of 1934. ☐
Item 8.01 Other Events.
On October 28, 2026, the Company announced that the Board of Directors approved an increase of $200 million to the Company’s current stock repurchase authorization (the “Authorization”), bringing the total authorization under the program to $350 million of which $128 million has been utilized to date.
Under the Authorization unanimously approved by the Board of Directors on October 27, 2026, the Company may purchase common stock in open market transactions, block purchases or other privately negotiated transactions, from time to time pursuant to a trading plan in accordance with Rule 10b5-1 and Rule 10b-18 under the Exchange Act or by any combination of such methods. The number of shares to be purchased and the timing of the purchases are based on a variety of factors, including, but not limited to, the level of cash balances, liquidity needs, credit availability, debt covenant restrictions, general business and economic conditions, regulatory requirements, the market price of the Company's stock, the Company’s dividend policy and the availability of acquisitions or other alternative investment opportunities. No time limit was set for completion of repurchases under the Authorization and the program may be suspended or discontinued at any time.
Item 9.01 Financial Statements and Exhibits.
| (d) Exhibits: | |||||||||||
| 99.1 | Press release, dated October 28, 2026, announcing the share repurchase authorization | ||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document contained in Exhibit 101) | ||||||||||
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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 hereunto duly authorized.
| Dated: October 28, 2026 | FIRSTCASH HOLDINGS, INC. | ||||
| (Registrant) | |||||
| /s/ BRIAN D. HOSTETLER | |||||
| Brian D. Hostetler | |||||
Senior Vice President and Chief Accounting Officer | |||||
| (As Principal Accounting Officer) | |||||
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EXHIBIT 99.1
FirstCash Announces $200 Million Increase to Share Repurchase Program
____________________________________________________________
Fort Worth, Texas (October 28, 2026) -- FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS), the leading international operator of more than 3,300 retail pawn stores, today announced that its Board of Directors has increased the Company’s stock repurchase authorization by $200 million, bringing the total authorization under the program to $350 million.
Under the existing share repurchase program authorized in July 2026, FirstCash has repurchased to date 644,000 shares of its outstanding common stock at an average price of $199.46 per share, for an aggregate purchase price of $128 million. With the increased authorization and as of today’s market open, the Company now has $222 million in remaining authorization under the current program.
“We have meaningfully increased our share repurchase authorization to $350 million to opportunistically return value to shareholders as we see a growing disconnect between our current valuation and FirstCash’s progress toward our long-term growth objectives,” said Rick Wessel, FirstCash’s CEO.
“Our primary strategic focus remains the global growth of core pawn operations through accretive acquisitions and new store openings, and we continue to see significant opportunities to add locations in each of our geographic segments. FirstCash’s ability to simultaneously fund store growth and increase the share repurchase program authorization reflects the continued strength of the Company’s balance sheet, its record free cash flows and the recent upsizing of our unsecured revolving credit facility.
“We are proud of FirstCash’s long-standing history of providing enhanced shareholder returns through share repurchases and dividends. Over the past 25 years, the Company has repurchased almost 27 million shares of common stock at an aggregate cost of $1.7 billion or an average price of $64 per share. Notable as well, is that we have averaged $139 million in annual share repurchases over the last ten years and that our cash dividends have increased every year since we initiated the dividend program in 2016,” concluded Mr. Wessel.
Under the amended share repurchase plan, the Company may purchase common stock in open market transactions, block or privately negotiated transactions, and may from time to time purchase shares pursuant to a trading plan in accordance with Rule 10b5-1 and Rule 10b-18 under the Exchange Act or by any combination of such methods. The number of shares to be purchased and the timing of the purchases are based on a variety of factors, including, but not limited to, the level of cash balances, liquidity needs, credit availability, debt covenant restrictions, general business and economic conditions, regulatory requirements, the market price of the Company’s stock, the Company’s dividend policy and the availability of acquisitions or other alternative investment opportunities. No time limit was set for completion of repurchases under the new authorization and the program may be suspended or discontinued at any time.
About FirstCash
FirstCash is the leading international operator of pawn stores focused on serving cash and credit-constrained consumers. FirstCash operates more than 3,300 pawn stores in the U.S., Latin America and the U.K. Most of the stores buy and sell a wide variety of jewelry, electronics, tools, appliances, sporting goods, musical instruments and other merchandise, and make small non-recourse pawn loans secured by pledged personal property. FirstCash’s pawn operations account for approximately 90% of net revenue, with the remainder provided by its wholly owned subsidiary, AFF, a leading provider of customer payment solutions at the point-of-sale for retailers of consumer goods and services.
FirstCash is a component company in both the Standard & Poor’s MidCap 400 Index® and the Russell 2000 Index®. FirstCash’s common stock (ticker symbol “FCFS”) is traded on the Nasdaq, the creator of the world’s first electronic stock market. For additional information regarding FirstCash and the services it provides, visit FirstCash’s websites located at http://www.firstcash.com, http://www.americanfirstfinance.com and http://www.handt.co.uk.
Forward-Looking Information
This release contains forward-looking statements about the business, financial condition, outlook and prospects of FirstCash Holdings, Inc. and its wholly owned subsidiaries (together, 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 “outlook,” “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends,” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic,” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, guidance, expectations, outlook and future plans. Forward-looking statements can also be identified by the fact 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.
These forward-looking statements are made to provide the public with management’s current expectations with regard to the share repurchase program. While the Company believes the expectations reflected in forward-looking statements are reasonable, there can be no assurances such expectations will prove to be accurate. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. Certain factors may cause results to differ materially from those anticipated by the forward-looking statements made in this release. Such factors and risks may include, without limitation, the risks, uncertainties and regulatory developments discussed and described in the Company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), including the risks described in Part I, Item 1A, “Risk Factors” thereof, and other reports filed with the SEC. Many of these risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. The forward-looking statements contained in this release speak only as of the date of this release, 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, except as required by law.
For further information, please contact:
Gar Jackson
Global IR Group
Phone: (817) 886-6998
Email: gar@globalirgroup.com
Doug Orr, Executive Vice President and Chief Financial Officer
Phone: (817) 258-2650
Email: investorrelations@firstcash.com
Website: investors.firstcash.com
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