Overview

• US fintech holding company's Q1 revenue rose 11%, beating analyst expectations

• Adjusted EPS for Q1 rose 38% and beat analyst expectations

• Company raised full-year 2026 revenue and earnings outlook after strong Q1

Outlook

• Company raises full-year 2026 revenue outlook to $3.0 bln-$3.1 bln from $2.95 bln-$3.07 bln

• PROG Holdings now sees 2026 diluted EPS at $3.68-$4.06, up from $3.34-$3.79

• Company expects Q2 2026 revenue between $700 mln and $725 mln

Result Drivers

• FOUR SEGMENT GROWTH - Four's GMV and revenue more than doubled, with earnings before taxes up nearly fivefold, contributing significantly to consolidated growth

• PURCHASING POWER ACQUISITION - The addition of Purchasing Power since January 2, 2026, contributed $107.1 mln in revenue and $132.7 mln in GMV, supporting overall revenue growth

• PROGRESSIVE LEASING TRENDS - Progressive Leasing's revenue and GMV declined year-over-year, but the company said the segment returned to GMV growth as the quarter ended, citing progress on initiatives and lapping prior headwinds

Company press release: ID:nBw2HtflNa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the financial technology (fintech) peer group is "buy"

• Wall Street's median 12-month price target for PROG Holdings Inc is $42.00, about 45.4% above its April 28 closing price of $28.88

• The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 three months ago

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