PROG Holdings, Inc. reports developments as a fintech holding company focused on payment options and consumer financial products. Its operating businesses include Progressive Leasing for e-commerce, app-based and in-store point-of-sale lease-to-own solutions; Four Technologies for Buy Now, Pay Later payment options; MoneyApp for interest-free cash advances; and Purchasing Power for employee purchase programs using payroll deduction or allotments.
Recurring news covers financial results, outlook updates, gross merchandise volume trends, dividends, balance-sheet actions, subsidiary financing activity, consumer research, product-ecosystem strategy and governance changes. Company updates also describe the integration and performance of Purchasing Power following its completed acquisition and the broader shift from a leasing-centered model toward a multi-product consumer access platform.
PROG Holdings (NYSE:PRG) reported Q1 2026 results: consolidated revenue $742.7M (+11.1%), consolidated GMV $805.6M (+54.4%), net earnings from continuing operations $36.2M, and Adjusted EBITDA $90.3M (+29.2%). Diluted EPS was $0.89; non-GAAP diluted EPS was $1.24 (+37.8%).
The company closed the Purchasing Power acquisition (Jan 2, 2026), reduced net recourse debt by $210M since the deal and ended Q1 with $69.4M cash and $943.7M gross debt. Management raised full-year 2026 guidance for revenue, Adjusted EBITDA, and EPS.
PROG Holdings (NYSE: PRG) released research on near- and below-prime consumers on April 22, 2026, showing employed households facing cost pressures and valuing flexible payments.
Key findings: 61% work full time; >80% worry about personal finances; and high preference for buy-now-pay-later and lease-to-own options.
PROG Holdings (NYSE:PRG) will release first-quarter 2026 financial results on April 29, 2026 before the market opens and will host a live webcast at 8:30 A.M. ET.
The webcast will be available via the company's investor relations Events & Presentations page and a direct media-server link. Investor contact: John A. Baugh, CFA, VP Investor Relations.
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.