PROG HOLDINGS, INC. (PRG) FY2026 YTD Q2 P&L / Income Statement

Revenue by Business Segment

2026-01-01 to 2026-06-30

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PROG HOLDINGS, INC. (PRG) FY2026 YTD Q2 P&L / Income StatementIncome statement for 2026-01-01 through 2026-06-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUE RECONCILIATIONREVENUEGROSSOPERATINGPRE-TAXNETProgressive LeasingPurchasing PowerFourTotal revenuesRevenue before reconciliation (calculated)OtherGross profit (calculated)Cost of product salesOperating profitOperating costs, net of other operating income (calculated)Depreciation of lease merchandiseOperating expensesProvision for lease merchandise write-offsProvision for credit lossesGain on sale of lease receivablesGain on change in fair value of receivablesEarnings from continuing operations before income tax expenseOther income (expense), net (calculated)Net earningsIncome tax expense(Loss) earnings from discontinued operations, net of taxRevenue before reconciliation (calculated)Revenue beforereconciliation(calculated)$1.45 BGross profit (calculated)Gross profit(calculated)$1.32 BTotal revenuesTotal revenues$1.46 BOperating profitOperating profit$130.94 MEarnings from continuing operations before income tax expensePretax income$98.37 MNet earningsNet earnings$73.08 MOperating costs, net of other operating income (calculated)Operating costs,net (calculated)$1.19 BIncome tax expenseIncome tax expense$24.77 MProgressive LeasingProgressive Leasing$1.15 BOther income (expense), net (calculated)Other income,net (calculated)−$32.57 MDepreciation of lease merchandiseDepreciation of lease merchandise$773.32 M(Loss) earnings from discontinued operations, net of tax(Loss) earningsfrom discontinuedoperations, net of tax−$513.00 KPurchasing PowerPurchasing Power$237.52 MOperating expensesOperating expenses$293.62 MCost of product salesCost of product sales$138.21 MFourFour$70.05 MProvision for lease merchandise write-offsProvision for leasemerchandise write-offs$90.15 MOtherOther$7.40 MProvision for credit lossesProvision for credit losses$54.83 MGain on sale of lease receivablesGain on sale of lease receivables−$11.16 MGain on change in fair value of receivablesGain on change in fairvalue of receivables−$7.52 M
Chart details

PROG HOLDINGS, INC. (PRG) FY2026 YTD Q2 P&L / Income Statement

Income statement for 2026-01-01 through 2026-06-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues
1,462,389,000 US dollars
Cost of product sales
138,208,000 US dollars
Gross profit (calculated)
1,324,181,000 US dollars
Operating costs, net of other operating income (calculated)
1,193,242,000 US dollars
Operating profit
130,939,000 US dollars
Other income (expense), net (calculated)
negative 32,569,000 US dollars
Earnings from continuing operations before income tax expense
98,370,000 US dollars
Income tax expense
24,774,000 US dollars
Net earnings
73,083,000 US dollars
Progressive Leasing
1,147,418,000 US dollars
Purchasing Power
237,519,000 US dollars
Four
70,052,000 US dollars
Depreciation of lease merchandise
773,321,000 US dollars
Provision for lease merchandise write-offs
90,150,000 US dollars
Operating expenses
293,617,000 US dollars
Provision for credit losses
54,834,000 US dollars
Gain on sale of lease receivables
negative 11,158,000 US dollars
Gain on change in fair value of receivables
negative 7,522,000 US dollars
Revenue before reconciliation (calculated)
1,454,989,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
Other
7,400,000 US dollars. Reported reconciliation to consolidated revenue.
(Loss) earnings from discontinued operations, net of tax
negative 513,000 US dollars. Reported below-tax contribution to net income.

Chart connections

  • Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
  • Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
PROG HOLDINGS, INC. (PRG) FY2026 YTD Q2 Revenue by Business Segment Sankey chart
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Gross margin

90.5%

Gross profit / revenue

Operating margin

9.0%

Operating profit / revenue

Cash conversion

380.3%

Operating cash / net income, same period

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