FirstCash Holdings, Inc. announced on October 28, 2026, that its Board of Directors has approved an increase of $200 million to the company’s current stock repurchase authorization. This action raises the total authorization under the program to $350 million. As of the announcement, $128 million has been utilized under the existing authorization, and $222 million remains available.
Under the newly amended authorization, the company may purchase its common stock through open market transactions, block purchases, or privately negotiated transactions. The company may also utilize Rule 10b5-1 and Rule 10b-18 trading plans. The specific number of shares purchased and the timing of those purchases will be determined based on factors including cash balances, liquidity needs, credit availability, debt covenant restrictions, market conditions, and the company's dividend policy.
According to the filing, FirstCash has repurchased 644,000 shares under the existing program at an average price of $199.46 per share. The company noted that it has averaged $139 million in annual share repurchases over the last ten years and has repurchased almost 27 million shares at an aggregate cost of $1.7 billion over the past 25 years.
The company operates more than 3,300 pawn stores in the U.S., Latin America, and the U.K. It is a component company in both the Standard & Poor’s MidCap 400 Index and the Russell 2000 Index.
