PROG Holdings Q1 revenue and EPS beat, outlook raised

PROG Holdings

29/04/2026 12:38

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

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$742.70 mln
$721.82 mln (8 Analysts)
Q1 Adjusted EPS
Beat
$1.24
$0.80 (8 Analysts)

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)