PROG Holdings (PRG) Beats Q2 2026 EPS by 26% and Raises Guidance
As seen on the 24/7 Wall St. homepage on July 29, 2026.
PROG Holdings crushed Q2 earnings with a 25.75% EPS beat, powered by explosive 110.6% GMV growth at its Four Technologies segment and the full-quarter contribution of the Purchasing Power acquisition, prompting management to raise full-year non-GAAP EPS guidance to $4.75-$5.00.
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PROG Holdings reported Q2 2026 earnings per share of $1.19, clearing the Wall Street consensus estimate of roughly $0.95 by about 26%. Revenue came in at $719.7 million, edging past estimates of $713.5 million. The quarter continued a strong trend for the company — PRG has now beaten EPS expectations in seven of the last eight reported periods, including a standout $1.24 print in Q1 2026.
The headline drivers were a 110.6% surge in gross merchandise volume at the Four Technologies segment and the full-quarter contribution of the Purchasing Power acquisition, both of which management cited as key factors behind the outperformance. Four Technologies' explosive GMV growth signals that the newer, higher-growth arm of PROG's business is gaining meaningful traction alongside its core progressive leasing operations.
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With the beat in hand, management raised its full-year non-GAAP EPS guidance to a range of $4.75 to $5.00. That updated outlook reflects confidence that the Purchasing Power integration and Four Technologies momentum will continue to benefit results through the back half of the year. Investors will be watching whether the company can sustain the growth rates that produced two consecutive quarters of well-above-consensus earnings.
Mentioned: PRG