SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                             Current Report Pursuant
                          to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

         Date of Report (Date of Earliest Event Reported): July 22, 2003

                       First Cash Financial Services, Inc.
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             (Exact name of registrant as specified in its charter)

                                    Delaware
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                 (State or other jurisdiction of incorporation)

              0-19133                                   75-2237318
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      (Commission File Number)              (IRS Employer Identification No.)

             690 East Lamar Blvd., Suite 400, Arlington, Texas 76011
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          (Address of principal executive offices, including zip code)

                                 (817) 460-3947
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              (Registrant's telephone number, including area code)


Item 7. Financial Statements and Exhibits (a) Financial Statements of Business Acquired. Inapplicable. (b) Pro Forma Financial Information. Inapplicable. (c) Exhibits Exhibit Number Exhibit Description -------------- ------------------- 99.1 Press Release dated July 22, 2003 Item 9. Regulation FD Disclosure First Cash Financial Services, Inc. has reported its financial results for its quarter ended June 30, 2003. The Company's press release dated July 22, 2003 announcing the results is attached as Exhibit 99.1. All information in the press release is furnished but not filed. This information is being provided under Item 12. Item 12. Results of Operation and Financial Condition First Cash Financial Services, Inc. has reported its financial results for its quarter ended June 30, 2003. The Company's press release dated July 22, 2003 announcing the results is attached as Exhibit 99.1. All information in the press release is furnished but not filed. This information is being provided under Item 12.

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: July 22, 2003 /s/ R. Douglas Orr ----------------------------------- R. Douglas Orr Chief Accounting Officer 2

                                                                    Exhibit 99.1

      First Cash Financial Services Reports 30% Increase in Second Quarter
        Earnings Per Share; Raises Estimate for the Remainder of the Year

    ARLINGTON, Texas, July 22 /PRNewswire-FirstCall/ -- First Cash Financial
Services, Inc. (Nasdaq: FCFS) today announced revenues, net income and
earnings per share for the three months ended June 30, 2003.  In addition, it
announced upward revisions to its revenues and earnings guidance for the
balance of 2003.

    Earnings

     -- Diluted earnings per share for the quarter ending June 30, 2003 were
        $0.30.  This represents an increase of 30% compared to $0.23 diluted
        earnings per share for the second quarter of 2002.

     -- Net income for the second quarter was $3.0 million.  This represents
        a 30% increase over second quarter 2002 net income of $2.3 million.

     -- For the six months ending June 30, 2003, diluted earnings per share
        were $0.65, an increase of 23% compared to $0.53 for the comparative
        period in 2002.

     -- Year-to-date net income was $6.5 million, compared to $5.1 million
        for the first half of 2002, which represents a 27% increase.

     -- For the trailing twelve months ending June 30, 2003, diluted earnings
        per share were $1.27, an increase of 30% over $0.98 for the trailing
        twelve months ended June 30, 2002.

    Revenues

     -- Total revenues for the second quarter were $33.4 million, compared to
        $26.9 million for the same quarter last year, representing an
        increase of 24%.  Year-to-date revenues were $67.7 million, up from
        $55.3 million in the comparative period last year, which represents a
        22% increase.

     -- Same store revenues for the second quarter of 2003 increased by 16%
        over the comparable prior year period.  For the six months ending
        June 30, 2003, same store revenues increased by 14% compared to the
        same period last year.

     -- Revenues excluding non-retail sales of scrap jewelry merchandise
        increased by 19%, from $26.2 million in the second quarter of last
        year to $31.2 for second quarter of 2003.  Non-retail sales of scrap
        jewelry merchandise increased from $624,000 in the second quarter of
        2002 to $2,171,000 in the second quarter of 2003.

    Unit Growth

     -- The Company added eleven new stores during the second quarter,
        bringing the year-to-date store openings to 22 for the first half of
        2003.  The Company opened 14 stores in the first half of 2002.

     -- As of June 30, 2003, the Company's total store count stands at 212.
        This represents a 25% increase over the unit count from one year ago.
        This significant expansion has been funded entirely by cash flows
        from operations.

    Performance Metrics & Liquidity

     -- Retail merchandise margins, which do not include bulk jewelry scrap
        sales, increased during the second quarter to 46%, compared to 45% in
        the prior year.  Profit margins on total merchandise sales, both
        retail and non-retail, for the second quarter of 2003 were over 42%.

     -- Total receivables from pawn loans and short term advances increased
        27%, from $25.3 million at June 30, 2002 to $32.1 million at
        June 30, 2003.  This increase is reflective of both increased lending
        activities at existing stores and loan growth from new locations.

     -- The Company has reduced interest-bearing debt by $9.8 million, or 37%
        over the past 12 months.  As of June 30, 2003, the Company's only
        interest-bearing debt is its long-term line of credit, which stands
        at $17 million.

     -- As of June 30, 2003, total stockholders' equity is $97.7 million; the
        debt to equity ratio is .33 to 1.  This compares favorably to
        June 30, 2002, when total stockholders' equity was $79.7 million and
        the debt to equity ratio was .52 to 1.

    2003 Outlook

     -- Based on the results through June and projected trends for the
        remainder of the year, the Company has increased its estimate for
        2003 earnings.  Full-year 2003 diluted earnings per share from
        continuing operations is now forecast to be in a range of $1.35 to
        $1.38.  Management previously forecast diluted earnings per share in
        a range of $1.28 to $1.31 for 2003.  During the third quarter, the
        Company expects to record a non-recurring charge related to a change
        in accounting of approximately $.04 per diluted share related to the
        implementation of a new accounting pronouncement recently adopted by
        the Financial Accounting Standards Board ("FASB").  Diluted earnings
        per share net of the change in accounting are projected to be in a
        range of $1.31 to $1.34 per share for the year.

     -- The revenue forecast for 2003 has been raised to a range of $145 to
        $150 million.  This compares to the previous guidance of $135 to
        $140 million in revenues.

     -- With 22 new stores opened through June 30, the Company remains on
        target to open a total of 45 to 50 stores during 2003, which is
        consistent with earlier forecast numbers.  The Company will continue
        its accounting policy of expensing all pre-opening costs and start-up
        losses as incurred.

    Commentary & Analysis

    Rick Powell, Chairman and Chief Executive Officer of First Cash Financial
Services, commented on the Company's operating results, "Our second quarter
results were outstanding.  Strong consumer demand for our loan products
continues to drive same store revenue growth.  Our retail sales are at record
levels as are our retail profit margins.  In addition, the cumulative effects
of new store additions over the past two years are providing significant new
revenue, profit and cash flow streams.  The strength and consistency of the
Company's growth is tremendously exciting -- this marks First Cash's tenth
consecutive quarter of double-digit EPS growth.  Accordingly, we have raised
our revenue and profitability expectations for the second half of 2003.  We
see sustained consumer demand and the continued rapid maturation of our new
stores."

    In discussing the Company's continued growth, Mr. Powell noted, "Our
commitment to a significant and sustainable unit growth strategy will continue
to drive increased revenues and earnings.  We are extremely pleased with the
pace at which our new locations are becoming cash flow positive and accretive
to profitability."  The Company has opened a total of 74 new stores over the
past 24 months.

    The Company continues to exceed its aggressive performance metric targets.
According to Mr. Powell, "The second quarter retail profit margins of 46% were
an all-time record for First Cash.  Despite the continued difficulties in the
economy, the Company has maintained loan default rates at or below historical
norms.  We attribute these results to continued focus on operating
fundamentals such as loan-to-value ratios, inventory optimization and
collections management.  This focus is further leveraged by our significant
investments in information technology systems and training programs."

    "Even with our significant investment in growth, First Cash has continued
to strengthen its balance sheet and overall financial position.  The ability
to simultaneously add stores and reduce debt provides First Cash tremendous
flexibility and leverage in order to successfully execute its ongoing growth
strategy."  Over the past twelve months, 46 new stores have been opened and
total assets have increased by $9.1 million.  At the same time, interest-
bearing debt has been reduced by $9.8 million.  Total stockholders' equity at
June 30, 2003 stands at $98 million, an increase of $18 million, or 23%, since
June 30, 2002.

    Under the requirements of the recently issued FASB Interpretation No. 46,
beginning in July 2003, First Cash will consolidate into its financial
statements the assets, liabilities and operating results of its 50%-owned
joint venture, Cash & Go, Ltd.  The joint venture owns and operates
approximately 40 check-cashing/short-term advance kiosks inside convenience
stores in the Texas market.  As noted above, included in the revised earnings
forecast is a projected non-recurring change in accounting charge of
approximately $.04 per diluted share related to the implementation of the new
accounting pronouncement.  The expected third quarter charge results from the
Company recognizing the other partner's share of the previously accumulated
losses of the joint venture as a result of the consolidation.

    In summarizing the first half results and expectations for the balance of
2003, Mr. Powell said, "We are excited about every aspect of our operations.
Our existing stores continue to experience revenue and profitability growth.
We are rapidly opening new stores and they are becoming profitable more
quickly than we had projected.  For our shareholders, we are pleased that the
market is beginning to recognize the value being created by our Company.  Even
so, we believe that given our operating successes and disciplined growth
formula, that long-term shareholder value will continue to be increased
significantly as we move forward."

    Business Description

    First Cash Financial Services, Inc. is engaged in the operation of pawn
and check cashing stores, which lend money on the collateral of pledged
personal property, retail previously-owned merchandise acquired through loan
forfeitures, provide short-term loans, check cashing and other financial
services.  The Company currently owns and operates 214 pawn and check
cashing/short-term advance stores in eleven states and Mexico.  First Cash
Financial Services is also an equal partner in Cash & Go, Ltd., a joint
venture, which owns and operates 40 financial services kiosks located inside
convenience stores.  First Cash's common stock is traded on the Nasdaq Stock
Market under the ticker symbol "FCFS".

    Forward-Looking Statements

    This release may contain forward-looking statements about the business,
financial condition and prospects of First Cash Financial Services, Inc.
Forward-looking statements can be identified by the use of forward-looking
terminology such as "believes," "projects," "expects," "may," "estimates,"
"will," "should," "plans," "intends," or "anticipates" or the negative
thereof, or other variations thereon, or comparable terminology, or by
discussions of strategy.  Forward-looking statements in this release include,
without limitation, the earnings per share discussion, the expectations of
revenue growth and increased profitability, the expectation for additional
store openings, and the anticipated effect of new accounting pronouncements.
These statements are made to provide the public with management's assessment
of the Company's business.  Although the Company believes that the
expectations reflected in forward-looking statements are reasonable, there can
be no assurances that such expectations will prove to be accurate.  Security
holders are cautioned that such forward-looking statements involve risks and
uncertainties.  The forward-looking statements contained in this report speak
only as of the date of this report, and the Company expressly disclaims any
obligation or undertaking to release any updates or revisions to any such
statement to reflect any change in the Company's expectations or any change in
events, conditions or circumstance on which any such statement is based.
Certain factors may cause results to differ materially from those anticipated
by some of the statements made in this report.  Such factors are difficult to
predict and many are beyond the control of the Company, but may include
changes in regional or national economic conditions, the ability to integrate
new stores, the ability to maintain favorable banking relationships as it
relates to short-term lending products, changes in governmental regulations,
unforeseen litigation, changes in interest rates or tax rates, changes in gold
prices, changes in currency exchange rates, future business decisions and
other uncertainties.

                        SELECTED OPERATING INFORMATION

                                    Quarter Ended         Six Months Ended
                                 June 30,    June 30,    June 30,   June 30,
                                   2003        2002        2003       2002
                                                 (unaudited)
                                        (thousands, except per share)
    Revenues:
      Merchandise sales          $15,550     $12,578     $32,703    $27,333
      Service charges             16,923      13,368      32,936     26,113
      Check cashing fees             667         653       1,439      1,384
      Other                          278         268         584        488
                                  33,418      26,867      67,662     55,318
    Cost of goods sold             8,978       7,082      19,325     15,992
    Operating expenses            14,914      12,733      28,825     24,768
    Interest expense                 122         220         304        476
    Interest income                 (151)       (132)       (334)      (282)
    Depreciation                     686         586       1,348      1,141
    Administrative expenses        3,962       2,848       7,696      5,328
                                  28,511      23,337      57,164     47,423
    Income before income taxes     4,907       3,530      10,498      7,895

    Provision for income taxes     1,906       1,271       3,999      2,842
    Net income                    $3,001      $2,259      $6,499     $5,053
    Net income per share:
        Basic                      $0.34       $0.26       $0.73      $0.57
        Diluted                    $0.30       $0.23       $0.65      $0.53

                           CONDENSED BALANCE SHEETS

                                                            June 30,
                                                      2003           2002
                                                          (unaudited)
                                                         (in thousands)

    ASSETS:
      Cash                                           $12,511        $12,177
      Receivables                                     32,132         25,256
      Inventories                                     13,248         11,301
      Prepaid expenses and other current assets          980          2,380
        Total current assets                          58,871         51,114
      Property & equipment, net                       12,454         10,330
      Intangible assets, net                          53,194         53,194
      Receivable from Cash & Go, Ltd                   5,155          5,889
      Other                                              537            555
                                                    $130,211       $121,082

    Liabilities & stockholders' equity:
      Current portion of long-term debt                 $---         $1,606
      Accounts payable and accrued expenses            9,974         10,190
        Total current liabilities                      9,974         11,796
      Revolving credit facility                       17,000         24,500
      Long-term debt, net of current portion             ---            653
      Deferred taxes payable                           5,524          4,389
        Total liabilities                             32,498         41,338
      Stockholders' equity                            97,713         79,744
                                                    $130,211       $121,082