PROG Holdings, Inc. (NYSE:PRG) shares gained ground Wednesday. The fintech holding company for Progressive Leasing, Purchasing Power, Four Technologies and MoneyApp today announced financial results for the first quarter ended March 31, 2026, which includes the results of Purchasing Power since January 2, 2026, the date the Company acquired Purchasing Power.
Consolidated revenues from continuing operations proved to be $742.7 million, up 11.1%; Net earnings from continuing operations were $36.2 million.
Adjusted EBITDA from continuing operations was $90.3 million, up 29.2%
Diluted EPS from continuing operations of $0.89; Non-GAAP Diluted EPS from continuing operations of $1.24, up 37.8%
Consolidated GMV of $805.6 million, up 54.4%.
According to CEO Steve Michaels, “"We delivered a strong start to 2026, with first quarter results exceeding the high end of our outlook for earnings, and non-GAAP EPS," said PROG Holdings President and CEO Steve Michaels. "This performance reflects disciplined execution across the organization and the benefits of our diversified model, with improving trends at Progressive Leasing, continued triple-digit growth and strong economics at Four, and growth at Purchasing Power.
“Importantly,” Michaels concludes, “Progressive Leasing returned to year-over-year GMV growth as we exited the quarter, reflecting the progress we've made on our initiatives and the lapping of prior headwinds.”
PRG shares began the session up $5.63, or 19.5%. to $34.51.
