EarningsQ2 2026 Earnings Report
DE:AZD Q2 2026 EPS Results
Actual EPS€1.06
Consensus EPS€0.85
Beat/MissBeat by +€0.22
One Year Ago EPS€0.91
DE:AZD Q2 2026 Revenue Results
Actual Revenue€642.26M
Expected Revenue€636.71M
Beat/MissBeat by +€5.55M
YoY Revenue Growth+19.03%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
DE:AZD Upcoming Earnings
PROG Holdings's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:AZD Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a decidedly positive operational and financial story: consolidated GMV surged 60%, revenue and adjusted EBITDA beat guidance, Four delivered profitable triple-digit growth, Purchasing Power integration produced meaningful margin improvement, and Progressive Leasing returned to GMV growth with strong segment profitability. Offsetting risks include elevated Progressive Leasing write-offs (8.4% in Q2), revenue pressure from a smaller leasing portfolio, and ongoing consumer stress from inflation and gas prices. Management raised full-year guidance while acknowledging macro sensitivities and maintaining discipline on portfolio decisioning.Company Guidance
Strong Consolidated Financial Performance
Consolidated GMV grew 60% year-over-year to $902M and consolidated revenue rose 22.3% YoY to ~$720M. Consolidated adjusted EBITDA was $88.4M (12.3% margin) and non-GAAP diluted EPS of $1.19, both above the high end of prior outlook.
Progressive Leasing: Return to GMV Growth and High Profitability
Progressive Leasing GMV increased 3.4% YoY to $428.1M (an improvement from a 2.2% decline in Q1). Segment adjusted EBITDA was $69.9M with a 12.7% margin — the highest Q2 margin since exiting COVID. Gross margin expanded to 33.8% (+143 bps YoY).
Four Technologies: Profitable Triple-Digit Growth
Four delivered GMV of $315M, up 111% YoY, revenue of $35.1M (+118% YoY) and adjusted EBITDA of $8.7M (24.8% margin). Active shoppers grew ~80% YoY, monthly active users nearly doubled YoY, and Four Plus subscribers contribute ~80% of GMV.
Purchasing Power: Rapid Integration and Margin Expansion
Purchasing Power posted double-digit GMV growth to $158.8M with revenue of $130.4M. Adjusted EBITDA improved sequentially from $0.8M in Q1 to $10.6M in Q2, with margin rising to 8.1% of revenue driven by operating leverage, mix, pricing, and lower ABS interest expense.
Capital Allocation Progress — Deleveraging and Share Repurchases
Recourse debt reduced to $600M (down $50M QoQ); net leverage improved to 1.7x trailing 12‑month adjusted EBITDA (from ~2.5x post-acquisition). Unrestricted cash ~$85.2M and total liquidity ~$435.2M. Resumed buybacks, repurchasing 280,000 shares at ~$36.34 avg and maintained a $0.14 quarterly dividend.
Raised Full-Year 2026 Outlook
Updated guidance raised to revenue $3.025B–$3.1B, adjusted EBITDA $355M–$375M and adjusted non-GAAP EPS $4.75–$5.00, reflecting confidence in the consolidated momentum and contributions from Four and Purchasing Power.
Product and AI-Led Customer Experience Improvements
AI and product enhancements drove conversion and engagement gains: PROG Marketplace GMV CAGR ~200% (2022–2025) and Q2 e-commerce mix at 25.6% of Progressive Leasing GMV (vs. 20.9% prior year). AI search at Purchasing Power roughly doubled conversion for logged-in users who used it.
DE:AZD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed