The company reported a 48% year-over-year increase in adjusted EBITDA, driven by higher pawn-loan balances and merchandise margins.
EZCORP (NASDAQ:EZPW) posted a 48% year-over-year rise in adjusted EBITDA to $65.6 million for Q3 fiscal 2026, with adjusted diluted earnings per share up 47% to $0.47. Total revenue climbed 31% to $408.4 million, while gross profit increased 31% to $240.3 million. Adjusted EBITDA margin expanded 190 basis points to 16%, attributed to merchandise-margin growth and expense discipline.
Core pawn operations led the growth, with revenue excluding scrap up 24% and gross profit rising 28%. Same-store core pawn gross profit increased 13%. Pawn loans outstanding reached a record $382 million, up 31% year over year, driven by larger average loan sizes and new-store additions. Pawn service charges rose 29% to $149.1 million, including a 13% same-store increase.
Merchandise sales grew 21% to $203.5 million, with same-store sales up 6%. Consolidated merchandise margin expanded 190 basis points to 38%, reflecting improved pricing and inventory quality. Net inventory totaled $312.5 million at quarter-end.