PROG Holdings Reports Q3 2026 Growth Driven by Acquisitions and Four Technologies Segment
PROG Holdings (PRG) reported third-quarter 2026 results characterized by significant top-line growth, with consolidated GMV reaching $912 million—a 58.9% increase year-over-year. This surge was primarily fueled by the acquisition of Purchasing Power and explosive triple-digit growth in the Four Technologies segment. Non-GAAP diluted EPS rose 21.8% to $1.06, reflecting strong operational performance despite macroeconomic challenges. However, the company faces headwinds in its core Progressive Leasing segment, where tightened credit decisioning led to a slight revenue decrease and higher write-offs of 8.3%. Management noted that inflation and high gas prices are impacting consumer liquidity. Consequently, PROG has slightly lowered its full-year 2026 revenue guidance and adjusted EBITDA outlook to account for persistent consumer macro pressures.
Tickers: $PRG
Topics: acquisition impact EPS beat GMV growth revenue increase share buyback