Welcome to our dedicated page for Prog Holdings news (Ticker: PRG), a resource for investors and traders seeking the latest updates and insights on Prog Holdings stock.
PROG Holdings, Inc. (NYSE: PRG) is a fintech holding company headquartered in Salt Lake City, Utah, that focuses on transparent and competitive payment options and inclusive consumer financial products. News about PRG often centers on developments at its key subsidiaries, including Progressive Leasing, Four Technologies, Build, and, more recently, Purchasing Power.
Investors following PRG news can expect regular updates on quarterly financial results, where the company reports consolidated revenues, net earnings, adjusted EBITDA, and performance metrics for Progressive Leasing and Four Technologies. These releases frequently discuss lease portfolio performance, write-off ranges, and the contribution of BNPL and other products to the overall business.
Another important category of news involves strategic transactions and portfolio changes. PROG Holdings has announced the sale of the Vive Financial credit card receivables portfolio to Atlanticus Holdings Corporation, describing this as a step to improve capital efficiency while maintaining access to second-look credit solutions through a partner. The company has also reported on its agreement to acquire, and subsequent closing of the acquisition of, Purchasing Power, a voluntary employee benefit program that enables employees to purchase brand-name products and services through automatic payroll deductions or allotments.
PRG news items also cover capital allocation decisions, such as quarterly cash dividends declared by the Board of Directors, share repurchase activity, and updates on cash and debt levels. In addition, the company issues announcements about Investor Day events, conference calls, and webcasts that provide more detail on its strategic vision, key growth drivers, and long-term objectives.
For investors and analysts, the PRG news feed offers a centralized view of earnings releases, acquisition and divestiture announcements, dividend declarations, and other material events that shape the company’s fintech-oriented ecosystem.
PROG Holdings (NYSE:PRG) outlined a multi-product shift at its March 10, 2026 Investor Day, moving beyond leasing toward a connected platform including Progressive Leasing, Four, MoneyApp, and Purchasing Power.
The company set consolidated three-year targets: GMV +20–25%, Revenue +5–8%, AEBITDA +13–16%, and Adj. EPS +17–20%, and reiterated priorities: modernization, deleveraging, dividends, and opportunistic buybacks.
PROG Holdings (NYSE:PRG) updated its full-year 2026 outlook due to the January 2026 acquisition of Purchasing Power and application of ASC 606, which will report Travel and Service revenue net of certain direct costs. This change reduces Purchasing Power revenue by approximately $70 million at both the low and high ends of prior guidance, lowering consolidated 2026 revenue ranges accordingly.
The company said these ASC 606 adjustments and other minor changes are not expected to materially affect Purchasing Power gross margin, earnings before taxes, or adjusted EBITDA. Purchasing Power revenue is still expected to grow at a low double-digit rate, and other 2026 financial expectations remain unchanged.
Purchasing Power (NYSE: PRG) closed a $225 million asset-backed securities transaction on March 3, 2026, lowering its blended coupon rate to 4.87%, more than 180 basis points below its 2024 ABS funding cost. The multi-tranche offering, Purchasing Power Funding 2026-A, received ratings from KBRA (AAA to BB-).
Proceeds will repay existing facilities and fund originations; Barclays served as structuring agent and Wilmington Trust acted as trustee.
PROG Holdings (NYSE:PRG) announced a quarterly cash dividend of $0.14 per share, payable March 24, 2026, to shareholders of record at the close of business March 12, 2026. This is a 7.7% increase versus the prior quarterly dividend of $0.13 per share.
PROG is the fintech holding company for Progressive Leasing, Purchasing Power, Four Technologies, and MoneyApp, offering lease-to-own, payroll purchase programs, BNPL, and interest-free cash advances.
PROG Holdings (NYSE:PRG) reported Q4 2025 consolidated revenues of $574.6M (down 5.2% YoY) and net earnings from continuing operations of $19.9M. Adjusted EBITDA was $61.5M and diluted EPS from continuing operations was $0.49 (non-GAAP $0.74).
Progressive Leasing GMV was $534M (down 10.6%); PROG Marketplace GMV rose 187% and Four Technologies GMV grew 126%. Cash was $308.8M with $600M gross debt and a $0.13 quarterly dividend. 2026 revenue outlook: $3.02B–$3.14B.
Purchasing Power Funding 2026-A (PRG) is a $225.00 million consumer installment receivable ABS transaction with an initial securitization value of approximately $256.1 million. KBRA assigned preliminary ratings to five note classes backed by payroll-deducted retail installment sales contracts originated by Purchasing Power.
Key structural features include credit enhancement from 52.98% (Class A) to 13.03% (Class E), a non-declining reserve account, overcollateralization, and excess discount. Operative agreements and legal opinions will be reviewed prior to closing.
Summary not available.
PROG Holdings (NYSE: PRG) completed its acquisition of Purchasing Power on January 2, 2026 for $420 million in cash under terms announced December 1, 2025.
Purchasing Power is a voluntary employee benefit platform integrated with payroll that provides access to brand-name products through automatic payroll deductions for more than 7 million employees and counts over 360 employer partnerships. The business becomes a wholly owned subsidiary and PROG said it will leverage shared technology and operations to expand offerings, deepen engagement, and support long-term growth. The purchase was funded with a combination of cash on hand and debt financing.
PROG Holdings (NYSE: PRG) will host an Investor Day in New York City on March 10, 2026 starting at 8:30 AM ET. CEO Steve Michaels, CFO Brian Garner, and senior leaders will present the company’s strategic vision, key growth drivers, capital allocation priorities, and longer-term financial objectives.
The event includes a management breakfast, two Q&A sessions, limited in-person capacity with advanced registration for institutional investors and analysts, a live webcast, supporting materials, and an archived replay available at investor.progholdings.com.
PROG Holdings (NYSE:PRG) agreed to acquire Purchasing Power for $420 million in cash, with the deal expected to close in early 2026 subject to regulatory approvals and customary conditions. Purchasing Power serves more than 7 million employees via payroll-deduction programs, partners with >360 employers including 48 Fortune 500 companies, and offers access to >70,000 products through a proprietary payments infrastructure that connects to payroll systems.
The acquisition adds a scalable customer-acquisition channel, expands employer and broker relationships, and is expected to drive revenue synergies, cost efficiencies, improved decisioning and accelerated product development. At closing, Purchasing Power will have approximately $330 million of non-recourse securitization and warehouse funding that will remain in place.