Earnings call transcript: PROG Holdings misses Q3 2026 estimates as stock falls By Investing.com

PROG Holdings reported third-quarter 2026 results that missed Wall Street expectations, sending the stock down 3.78% to $28.49 in premarket trading. Non-GAAP diluted earnings were $1.06 per share versus a $1.09 forecast, while revenue came in at $725.8 million compared with the $737.83 million consensus. Despite the shortfall, the company highlighted strong year-over-year growth across its three businesses: Progressive Leasing, Four Technologies and Purchasing Power. GMV rose 59% to $912 million, supported by triple-digit GMV growth in Four Technologies for a 12th straight quarter. Management also announced a $100 million accelerated share repurchase and said it kept operating leverage within its target range.