FirstCash Holdings has expanded its stock buyback authorization by $200 million, raising the program’s total limit to $350 million. The pawn-store operator says it intends to use the authorization opportunistically while continuing to prioritize growth in its pawn business through acquisitions and new store openings.
The expanded authorization gives FirstCash more room to return capital to shareholders, but it does not commit the company to buy a set number of shares or complete purchases by a particular date.
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$222 million remains available. FirstCash has repurchased 644,000 shares since the existing program was authorized in July 2026, spending $128 million at an average price of $199.46 per share. With the increase, the company had $222 million of authorization remaining as of the market open on October 28.
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Repurchases can take several forms. FirstCash may buy shares in the open market, through block or privately negotiated transactions, or under a trading plan. The board set no deadline for using the authorization, and the program can be paused or ended at any time.
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Purchases will depend on financial and business considerations. The company cited cash balances, liquidity needs, access to credit, debt restrictions, economic and market conditions, its stock price and dividend policy, and opportunities for acquisitions or other investments as factors that may affect the timing and size of buybacks.
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Management says growth remains the primary strategic focus. CEO Rick Wessel said FirstCash continues to see opportunities to expand its pawn-store network across its geographic markets through acquisitions and new locations. He attributed the company’s ability to pursue that expansion while increasing buybacks to its balance sheet, free cash flow and a recent increase in the size of its unsecured revolving credit facility.
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The buyback builds on a long record of capital returns. FirstCash said it has repurchased nearly 27 million shares over 25 years, at an aggregate cost of $1.7 billion and an average price of $64 per share. It averaged $139 million in annual repurchases over the past decade, and has increased its cash dividend every year since starting the program in 2016.
The authorization expands FirstCash’s capacity to return cash through repurchases, while leaving management discretion over when and how much to buy. The company says it plans to balance those purchases with investment in store growth and other opportunities.