PROG Holdings, Inc.

PROG Holdings, Inc. is a fintech holding company headquartered in Salt Lake City, UT, that specializes in providing transparent and competitive payment options and inclusive consumer financial products. The company's mission is to empower consumers with flexible and accessible payment solutions, enabling them to acquire durable goods and improve their financial well-being.

The company operates through a portfolio of brands, offering a diverse range of financial solutions. Key offerings include lease-to-own solutions through Progressive Leasing, Buy Now, Pay Later (BNPL) options via Four Technologies, employee purchase programs through Purchasing Power, second-look revolving credit products from Vive Financial, and cash advances via MoneyApp. These services primarily target underserved and credit-challenged consumers, partnering with approximately 24,000 retail locations and e-commerce platforms.

Led by President and CEO Steven A. Michaels, PROG Holdings has recently expanded its offerings, notably acquiring Purchasing Power in January 2026 for $420 million. The company reported strong financial performance in Q1 2026, surpassing earnings estimates with an 11.1% increase in revenue and a 38% rise in non-GAAP EPS year-over-year. PROG Holdings is strategically evolving from a leasing-centric business into a multi-product consumer access platform, aiming to capitalize on the growing demand for flexible payment solutions.