Earnings Per Share (Tables)

3 Months Ended

Dec. 31, 2025

Schedule of Net Components of Basic and Diluted Earnings Per Share

The following table reconciles the number of common shares used to compute basic and diluted earnings per share attributable to EZCORP Inc., shareholders:


	Three Months Ended December 31,
(in thousands, except per share amounts)		2025		2024

Basic earnings per common share:
Net income - basic		$	44,304	$	31,016
Weighted shares outstanding - basic		61,243		54,827
Basic earnings per common share		$	0.72	$	0.57

Diluted earnings per common share:
Net income - basic		$	44,304	$	31,016
Add: Convertible Notes interest expense, net of tax*		1,878		2,439
Net income - diluted		$	46,182	$	33,455
Weighted shares outstanding - basic		61,243		54,827
Equity-based compensation awards - effect of dilution**		1,562		1,541
Convertible Notes - effect of dilution***		20,477		26,979
Weighted shares outstanding - diluted		83,282		83,347
Diluted earnings per common share		$	0.55	$	0.40

Potential common shares excluded from the calculation of diluted earnings per common share above:
Restricted stock****		1,151		1,437

* The Company’s convertible debt for the three months ended December 31, 2025 consists of the 3.750% Convertible Senior Notes Due 2029 (the “2029 Convertible Notes”) and, for the three months ended December 31, 2024, also includes the 2.375% Convertible Senior Notes Due 2025 (the “2025 Convertible Notes”).

** Includes time-based share-based awards and performance-based awards for which targets for fiscal year tranches have been achieved and vesting is subject only to achievement of service conditions.

*** Approximately 6.5 million of weighted average shares were included for the three months ended December 31, 2024 related to the 2025 Convertible Notes, which were settled in the third quarter of fiscal 2025 with a combination of cash and shares.

**** Includes antidilutive share-based awards as well as performance-based share-based awards that are contingently issuable, but for which the condition for issuance has not been met as of the end of the reporting period.