Every material Form 8-K PROG Holdings filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
PROG Holdings' board declared a quarterly cash dividend of $0.14 per share on November 5, 2026. Shareholders of record as of November 17, 2026 will receive the payment on December 1, 2026. The filing contains no earnings, guidance, or other financial results.
Quarterly cash dividend of $0.14 per share declared November 5, 2026
PROG Holdings entered into a $100 million accelerated share repurchase program with Bank of America on October 29, 2026, paying the full amount up front for an initial delivery of about 2.59 million shares. The final share count depends on volume-weighted average prices during the program, which is expected to settle by the end of the first quarter of 2027.
Repurchase size: $100 million, paid to Bank of America on October 29, 2026
Initial delivery: approximately 2.59 million shares of common stock
Final settlement expected by the end of the first quarter of 2027
Funded with existing cash and borrowings under the company's credit agreement
PROG Holdings reported third-quarter 2026 revenue from continuing operations of $725.8 million, up 25.6%, and diluted EPS from continuing operations of $0.92, up from $0.80 a year earlier. The company lowered its full-year 2026 revenue and diluted EPS ranges, citing macroeconomic pressures on its customers, while also announcing an intended $100 million accelerated share repurchase and raising its total buyback capacity to $500 million.
Q3 2026 revenue of $725.8 million, up 25.6%; net earnings from continuing operations of $37.5 million versus $32.3 million.
2026 revenue outlook cut to $3,015 million–$3,050 million from $3,025 million–$3,100 million.
2026 diluted EPS from continuing operations outlook now $3.78–$3.93, versus $3.82–$4.06 previously.
Intended $100 million ASR in the fourth quarter; share repurchase authorization raised to $500 million and extended to October 26, 2029.
PROG Holdings reported second-quarter 2026 results, with revenue up 22.3% to $719.7 million and net earnings from continuing operations of $37.4 million, compared with $37.6 million a year earlier. The company raised its full-year 2026 revenue and adjusted EBITDA outlook and gave third-quarter 2026 guidance, and the filing also disclosed the death of director Douglas C. Curling.
Q2 2026 revenue of $719.7 million, up 22.3%; diluted EPS from continuing operations of $0.92 versus $0.93; non-GAAP diluted EPS of $1.19, up 19.0%
Full-year 2026 revenue outlook raised to $3.025 billion to $3.1 billion from $3.0 billion to $3.1 billion; adjusted EBITDA outlook raised to $355 million to $375 million from $343 million to $370 million
Third-quarter 2026 outlook: revenue of $715 million to $750 million and diluted EPS from continuing operations of $0.86 to $1.06
Director Douglas C. Curling died July 25, 2026; the board reduced its size from ten to nine members on July 27, 2026
PROG Holdings' board named President and CEO Steve Michaels chairman, effective immediately, succeeding Ray M. Robinson, who was appointed lead independent director. The board also granted Michaels a one-time award of $5 million in restricted stock units, which the company said is intended to retain him as CEO. Separately, the board declared a $0.14 per share quarterly cash dividend, and shareholders re-elected all ten director nominees at the May 6, 2026 annual meeting.
Steve Michaels, President and CEO, elected Chairman of the Board effective May 7, 2026; Ray M. Robinson becomes Lead Independent Director
One-time award of $5 million in restricted stock units to Michaels, vesting ratably on the third, fourth and fifth anniversaries of the grant date
Quarterly cash dividend of $0.14 per share, payable June 2, 2026, to shareholders of record as of May 19, 2026
Non-binding say-on-pay resolution received 31,949,347 votes for and 2,782,090 against at the May 6, 2026 annual meeting
PROG Holdings reported first quarter 2026 revenue of $742.7 million, up 11.1%, and diluted EPS from continuing operations of $0.89 versus $0.83 a year earlier. The company raised its full-year 2026 revenue and earnings outlook and gave second quarter guidance, with results including Purchasing Power since its January 2, 2026 acquisition. Progressive Leasing revenue fell 8.4% and its GMV fell 2.2%, which partly offset the gains.
Q1 2026 revenue $742.7 million, up 11.1%; diluted EPS from continuing operations $0.89 vs. $0.83; non-GAAP diluted EPS $1.24 vs. $0.90
Full-year 2026 total revenue outlook raised to $3.0 billion to $3.1 billion, from $2.95 billion to $3.07 billion; diluted EPS outlook $3.68 to $4.06, from $3.34 to $3.79
Second quarter 2026 outlook: total revenue $700 million to $725 million; diluted EPS $0.74 to $0.93
Progressive Leasing Q1 revenue $596.9 million, down 8.4%; GMV $393.0 million, down 2.2%; net recourse debt reduced by $210 million since the Purchasing Power acquisition
PROG Holdings reported fourth-quarter 2025 revenue of $574.6 million, down 5.2% from a year earlier, and continuing-operations net earnings of $19.9 million, down from $58.3 million, a period that included a $27.8 million deferred tax benefit. The company also issued full-year and first-quarter 2026 outlook, which assumes a difficult operating environment and includes almost a full year of the recently acquired Purchasing Power business.
Q4 2025 diluted EPS from continuing operations was $0.49 versus $1.36 a year earlier; non-GAAP diluted EPS was $0.74, down 5.1% from $0.78.
Progressive Leasing GMV was $534.0 million, down 10.6%, while PROG Marketplace GMV rose 187% and Four GMV grew 126%.
Full-year 2026 outlook: total revenues of $3.02 billion to $3.14 billion and net earnings from continuing operations of $132 million to $155 million.
First-quarter 2026 outlook: total revenues of $715 million to $745 million and net earnings from continuing operations of $9 million to $17 million.
PROG Holdings completed its acquisition of Purchasing Power, a voluntary employee benefit program, on January 2, 2026, for approximately $420 million in cash, subject to customary adjustments. The deal was funded with cash on hand and debt, including a $125 million incremental term loan and $135 million of revolving borrowings under an amended credit agreement that raises the permitted leverage covenant to 3.25x for fiscal 2026. The filing does not disclose the acquired business's revenue or earnings.
Purchase price: approximately $420 million in cash, plus about $330 million of non-recourse funding debt that remained in place after closing
Funding: $125 million incremental term loan, $135 million revolving borrowings and cash on hand
Credit agreement fourth amendment dated January 2, 2026; term loan matures November 15, 2029
Maximum total net leverage covenant raised to 3.25x in fiscal 2026, 3.00x in 2027 and 2.50x thereafter
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
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