UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549

                                  FORM 10-Q

                QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF
                     THE SECURITIES EXCHANGE ACT OF 1934

        For the Quarter Ended         Commission File Number:
           March 31, 2003                     0-19133


                     FIRST CASH FINANCIAL SERVICES, INC.
            (Exact name of registrant as specified in its charter)


                  Delaware                         75-2237318
       (state or other jurisdiction    (IRS Employer Identification No.)
     of incorporation or organization)

      690 East Lamar Blvd., Suite 400
             Arlington, Texas                        76011
 (Address of principal executive offices)         (Zip Code)

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


      Indicate by check mark whether the registrant (1) has filed all reports
 required to be filed by Section 13  or 15(d) of the Securities Exchange  Act
 of 1934 during the preceding 12 months (or for such shorter period that  the
 registrant was required to file such  reports), and (2) has been subject  to
 such filing requirements for the past 90 days.  Yes  X    No ___

      Indicate by check mark whether the  registrant is an accelerated  filer
 (as defined in Rule 12b-2 of the Securities Exchange Act).  Yes ___  No  X


  As of May 8, 2003, there were 8,887,187 shares of Common Stock outstanding.



                        PART I.  FINANCIAL INFORMATION

 ITEM 1.  FINANCIAL STATEMENTS

                     FIRST CASH FINANCIAL SERVICES, INC.
                    CONDENSED CONSOLIDATED BALANCE SHEETS

                                                  March 31,        December 31,
                                             --------------------  -----------
                                              2003         2002        2002
                                             -------      -------     -------
                                                 (unaudited)
                                            (in thousands, except share data)
                     ASSETS
 Cash and cash equivalents................  $ 13,106     $ 12,002    $ 12,735
 Service charges receivable...............     2,806        2,106       3,174
 Receivables..............................    24,119       19,020      27,314
 Inventories..............................    12,330       10,812      13,648
 Prepaid expenses and other current assets       960        1,149       1,161
 Income taxes receivable..................         -            -         109
                                             -------      -------     -------
    Total current assets .................    53,321       45,089      58,141
 Property and equipment, net..............    11,963       10,151      11,750
 Intangible assets, net of accumulated
   amortization of $8,448.................    53,194       53,194      53,194
 Receivable from Cash & Go, Ltd...........     4,853        6,071       7,351
 Other....................................       624          414         563
                                             -------      -------     -------
                                            $123,955     $114,919    $130,999
                                             =======      =======     =======

      LIABILITIES AND STOCKHOLDERS' EQUITY
 Current portion of long-term debt........  $    600    $   1,316    $    900
 Accounts payable and accrued expenses....     9,421        8,872      10,054
 Income taxes payable.....................     1,016          674           -
 Revolving credit facility................         -       22,000           -
                                             -------      -------     -------
    Total current liabilities ............    11,037       32,862      10,954
 Revolving credit facility................    17,000            -      28,000
 Other long-term debt, net of
   current portion........................       575        1,283         602
 Deferred income taxes....................     5,223        3,910       4,923
                                             -------      -------     -------
                                              33,835       38,055      44,479
                                             -------      -------     -------
 Stockholders' equity:
   Preferred stock; $.01 par value;
     10,000,000 shares authorized; no
     shares issued or outstanding.........         -            -           -
   Common stock; $.01 par value;
     20,000,000 shares authorized.........        96           95          96
   Additional paid-in capital ............    52,037       51,255      51,908
   Retained earnings .....................    45,257       33,613      41,759
   Notes receivable from officers ........    (4,255)      (5,084)     (4,228)
   Common stock held in treasury,
     at cost, 654,181 shares..............    (3,015)      (3,015)     (3,015)
                                             -------      -------     -------
                                              90,120       76,864      86,520
                                             -------      -------     -------
                                            $123,955     $114,919    $130,999
                                             =======      =======     =======


                    The accompanying notes are an integral
          part of these condensed consolidated financial statements.



                     FIRST CASH FINANCIAL SERVICES, INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF INCOME

                                                    Three Months Ended
                                                  ----------------------
                                                  March 31,    March 31,
                                                    2003         2002
                                                   -------      -------
                                                 (unaudited)  (unaudited)
                                                 (in thousands, except per
                                                      share amounts)

 Revenues:
  Merchandise sales ............................  $ 17,153     $ 14,755
  Service charges ..............................    16,013       12,745
  Check cashing fees ...........................       772          731
  Other ........................................       306          220
                                                   -------      -------
                                                    34,244       28,451
                                                   -------      -------
 Cost of goods sold and expenses:
  Cost of goods sold ...........................    10,347        8,910
  Operating expenses ...........................    13,911       12,035
  Interest expense .............................       182          255
  Interest income ..............................      (183)        (149)
  Depreciation .................................       662          555
  Administrative expenses ......................     3,734        2,480
                                                   -------      -------
                                                    28,653       24,086
                                                   -------      -------

 Income before income taxes.....................     5,591        4,365
 Provision for income taxes.....................     2,093        1,571
                                                   -------      -------
 Net income.....................................  $  3,498     $  2,794
                                                   =======      =======

 Net income per share:
  Basic   ......................................  $   0.39     $   0.32
                                                   =======      =======
  Diluted  .....................................  $   0.36     $   0.30
                                                   =======      =======


                 The accompanying notes are an integral part
            of these condensed consolidated financial statements.



                     FIRST CASH FINANCIAL SERVICES, INC.
               CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                    Three Months Ended
                                                  ----------------------
                                                  March 31,    March 31,
                                                    2003         2002
                                                   -------      -------
                                                 (unaudited)  (unaudited)
                                                      (in thousands)
 Cash flows from operating activities:
  Net income ...................................  $  3,498     $  2,794
  Adjustment to reconcile net income to net cash
    flows from operating activities:
      Depreciation  ............................       662          555
  Changes in operating assets and liabilities:
      Service charges receivable ...............       368          711
    Inventories ................................     1,318        1,869
    Prepaid expenses and other assets ..........       249          451
    Accounts payable and accrued expenses ......      (633)      (1,169)
    Current and deferred income taxes  .........     1,316          915
                                                   -------      -------
      Net cash flows from operating activities..     6,778        6,126
                                                   -------      -------
 Cash flows from investing activities:
  Net decrease in receivables ..................     3,195        4,536
  Purchases of property and equipment ..........      (875)        (672)
  Decrease in receivable from Cash & Go, Ltd ...     2,498        1,187
                                                   -------      -------
      Net cash flows from investing activities..     4,818        5,051
                                                   -------      -------
 Cash flows from financing activities:
  Repayments of debt ...........................   (11,327)     (10,394)
  Notes receivable from officers ...............       (27)         (33)
  Proceeds from exercise of options and warrants       129            -
                                                   -------      -------
        Net cash flows from financing activities   (11,225)     (10,427)
                                                   -------      -------
 Change in cash and cash equivalents............       371          750
 Cash and cash equivalents at beginning
   of the period................................    12,735       11,252
                                                   -------      -------
 Cash and cash equivalents at end of the period.  $ 13,106     $ 12,002
                                                   =======      =======
 Supplemental disclosure of cash flow information:
  Cash paid during the period for:
    Interest ...................................  $    197     $    268
                                                   =======      =======
    Income taxes ...............................  $    610     $    243
                                                   =======      =======


                 The accompanying notes are an integral part
            of these condensed consolidated financial statements.



                     FIRST CASH FINANCIAL SERVICES, INC.
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                 (UNAUDITED)


 Note 1 - Basis of Presentation

      The accompanying unaudited condensed consolidated financial statements,
 including the notes thereto,  include the accounts  of First Cash  Financial
 Services, Inc.  (the  "Company")  and its  wholly owned  subsidiaries.  Such
 unaudited consolidated financial statements are condensed and do not include
 all disclosures  and footnotes  required  by generally  accepted  accounting
 principles  in  the  United  States   of  America  for  complete   financial
 statements.  Such interim  period  financial  statements should  be read  in
 conjunction with the Company's  consolidated financial statements which  are
 included in the Company's December 31, 2002 Annual Report on Form 10-K.  All
 significant inter-company accounts and transactions have been eliminated  in
 consolidation.  The consolidated financial statements  as of March 31,  2003
 and for the  periods ended March  31, 2003 and  2002 are  unaudited, but  in
 management's opinion,  include all  adjustments (consisting  of only  normal
 recurring adjustments) considered necessary to present fairly the  financial
 position, results of  operations and cash  flows for  such interim  periods.
 Operating results for the  period ended March 31,  2003 are not  necessarily
 indicative of the results that may be expected for the full fiscal year.


 Note 2 - Revolving Credit Facility

      The  Company  maintains  a  long-term  line  of  credit with a group of
 commercial  lenders (the "Credit Facility").  The Credit Facility provides a
 $30,000,000 long-term line  of  credit  that matures  on  August 9, 2005 and
 bears interest at the prevailing LIBOR rate (which was approximately 1.3% at
 March 31, 2003) plus an applicable margin based on a  defined leverage ratio
 for the Company. Based on the Company's existing leverage  ratio, the margin
 is currently 1.375%, the most favorable rate provided under the terms of the
 agreement.  Amounts available under the Credit Facility are limited to  300%
 of the Company's  earnings before income  taxes, interest, depreciation  and
 amortization for the trailing twelve months.  At March 31, 2003, the Company
 had $13,000,000 available for additional borrowings. Under the terms of  the
 Credit Facility,  the  Company is  required  to maintain  certain  financial
 ratios and comply  with  certain  technical covenants.  The  Company was  in
 compliance with the requirements and covenants of the Credit Facility as  of
 March 31, 2003 and May 8,  2003.  The Company is  required to pay an  annual
 commitment  fee  of  1/5  of 1%  on  the  average  daily-unused  portion  of
 the Credit  Facility  commitment.  The  Company's Credit  Facility  contains
 provisions, which will allow the Company to repurchase stock and/or pay cash
 dividends within certain parameters.  Substantially all of the  unencumbered
 assets of the Company have been  pledged as collateral against  indebtedness
 under the Credit Facility.


 Note 3 - Earnings Per Share

      The  following  table  sets forth the computation of basic and diluted
 earnings per share (in thousands, except per share data):


                                                  Three Months Ended
                                                 --------------------
                                                 March 31,   March 31,
                                                    2003       2002
                                                   ------     ------
 Numerator:
      Net income for calculating basic
        and diluted earnings per share            $ 3,498    $ 2,794
                                                   ======     ======
 Denominator:
      Weighted-average common
        shares for calculating basic
        earnings per share                          8,887      8,764
      Effect of dilutive securities:
        Stock options and warrants                    902        693
                                                   ------     ------
      Weighted-average common
        shares for calculating diluted
        earnings per share                          9,789      9,457
                                                   ======     ======


 Note 4 - Employee Stock Incentive Plans

      The Company  accounts  for its  employee  stock incentive  plans  under
 Accounting Principles  Board  (APB) Opinion  No.  25, Accounting  for  Stock
 Issued  to  Employees  and  the  related  interpretations  under   Financial
 Accounting Standards  Board (FASB)  Interpretation  No. 44,  Accounting  for
 Certain Transactions Involving  Stock Compensation.  Accordingly, no  stock-
 based employee compensation cost is reflected  in net income as all  options
 granted had an exercise  price equal to the  market value of the  underlying
 common stock  on  the  date of  grant.  In  accordance with  SFAS  No.  148,
 Accounting for  Stock-Based Compensation  -  Transition and Disclosure,  the
 following table illustrates the effect on net income and earnings per  share
 as if the Company had applied the fair value recognition provisions of  SFAS
 No. 123, Accounting  for Stock-Based Compensation,  to stock-based  employee
 compensation.

                                                  Three Months Ended
                                                 --------------------
                                                 March 31,   March 31,
                                                    2003       2002
                                                   ------     ------
   Net income, as reported                        $ 3,498    $ 2,794
   Less:  Stock based employee
     compensation determined under the
     fair value requirements of SFAS 123,
     net of income tax benefits                        88          8
                                                   ------     ------
   Adjusted net income                            $ 3,410    $ 2,786
                                                   ======     ======
   Earnings per share:
       Basic, as reported                         $  0.39    $  0.32
       Basic, adjusted                               0.38       0.32

       Diluted, as reported                          0.36       0.30
       Diluted, adjusted                             0.35       0.29


      The  fair values were determined  using a Black-Scholes option-pricing
 model using the following assumptions:


                                                  Three Months Ended
                                                 --------------------
                                                 March 31,   March 31,
                                                    2003       2002
                                                   ------     ------
      Dividend yield.................                   -          -
      Volatility.....................                58.1%      58.0%
      Risk-free interest rate........                 3.5%       3.5%
      Expected life..................              7 years    7 years


 Note 5 - Subsequent Event

      On  April 11, 2003  the Company  received approximately  $1,371,000  in
 partial payment  of  the outstanding notes  receivable from  officers.  This
 reduced the balance of the total  notes receivable from officers as  of that
 date to approximately $2,884,000.


 ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
          RESULTS OF OPERATIONS


 GENERAL

      First Cash Financial  Services, Inc.  (the "Company")  is the  nation's
 third largest  publicly traded  pawnshop operator  and currently  owns  pawn
 stores in  Texas,  Oklahoma,  Washington, D.C.,  Maryland,  Missouri,  South
 Carolina, Virginia and  Mexico.  The  Company's pawn stores  engage in  both
 consumer finance and  retail sales activities.  The  Company's  pawn  stores
 provide a convenient source for  consumer advances, advancing money  against
 pledged tangible personal  property such as  jewelry, electronic  equipment,
 tools,  sporting  goods  and  musical  equipment.  These  pawn  stores  also
 function as retailers of previously owned merchandise acquired in  forfeited
 pawn transactions and over-the-counter purchases from customers.  Certain of
 the Company's pawn stores also offer short-term, unsecured advances ("short-
 term advances").

      The Company also owns and operates check cashing and short-term advance
 stores in Texas,  California, Washington, Oregon,  Illinois, South  Carolina
 and  Washington,  D.C.  These  stores  provide  a broad  range  of  consumer
 financial services,  including  check cashing,  short-term  advances,  money
 order sales,  wire transfers  and bill  payment services.  In addition,  the
 Company is a 50% partner  in Cash & Go,  Ltd., a Texas limited  partnership,
 which owns and operates financial services kiosks located inside convenience
 stores.

      The Company opened a  total of eleven stores  during the quarter  ended
 March 31, 2003, bringing the total store count to 201 units. For the quarter
 ended  March  31,  2003,  the  Company's  revenues  were  derived  50%  from
 merchandise sales, 47%  from service charges  on pawn  loans and  short-term
 advances,  and  3% from  other sources,  primarily check-cashing  fees.  The
 Company's business plan is to continue  to expand its operations by  opening
 both new  check cashing/short-term  advance stores  and new  pawn stores  in
 selected geographic markets.

      Although  the  Company  has  had  significant  increases  in   revenues
 due  to  new  store openings,  the  Company has  also incurred  increases in
 operating expenses attributable to the  additional  stores and increases  in
 administrative expenses attributable to building  a management team and  the
 support personnel  required  by  the Company's  growth.  Operating  expenses
 consist of all  items directly  related to  the operation  of the  Company's
 stores, including  salaries  and  related payroll  costs,  rent,  utilities,
 equipment depreciation,  advertising,  property taxes,  licenses,  supplies,
 security and bad  debt and collection  expenses for both  check cashing  and
 short-term advances.  Administrative expenses  consist of items relating  to
 the operation  of  the  corporate office,  including  the  compensation  and
 benefit costs of corporate officers, area supervisors and other  management,
 accounting and  administrative  costs,  liability  and  casualty  insurance,
 outside legal and accounting fees and stockholder-related expenses.


 CRITICAL ACCOUNTING POLICIES

      The preparation of financial  statements in conformity with  accounting
 principals generally  accepted  in the  United  States of  America  requires
 management to  make  estimates  and assumptions  that  affect  the  reported
 amounts of assets  and liabilities, and  related revenues  and expenses  and
 disclosure of  gain and  loss contingencies  at the  date of  the  financial
 statements.  Such estimates and assumptions are subject to a number of risks
 and uncertainties, which may cause actual results to differ materially  from
 the  Company's estimates.  Both  the significant  accounting policies  which
 management believes are the most critical to aid in fully understanding  and
 evaluating  the  reported  financial  results  and  the  effects  of  recent
 accounting pronouncements have  been reported in  the Company's 2002  Annual
 Report  for  Form  10-K.  There  have  been  no subsequent  changes  in  the
 Company's accounting  policies  nor  have  there  been  subsequently  issued
 accounting pronouncements  which materially  affect the  preparation of  the
 Company's financial statements.


 RESULTS OF OPERATIONS

 Three months ended March 31, 2003  compared to the three months ended  March
 31, 2002

      Total revenues increased 20% to $34,244,000 for the three months  ended
 March 31, 2003 ("the First Quarter of 2003") as compared to $28,451,000  for
 the three months ended March  31, 2002 ("the First  Quarter of 2002").   The
 change resulted from an increase in revenues of $2,346,000 generated by  the
 49 pawn and check cashing/short-term advance stores which were opened  since
 January 1, 2002, an increase of $3,988,000  at the 158 stores which were  in
 operation during all of the First Quarter  of 2002 and the First Quarter  of
 2003, net of a decrease in revenues of $541,000 from the 6 stores closed  or
 consolidated since January  1, 2002.  Of  the $5,793,000  increase in  total
 revenues, 41%,  or $2,398,000,  was  attributable to  increased  merchandise
 sales, 56%, or  $3,268,000 was  attributable to  a net  increase in  service
 charges on pawn and short-term advances,  1% or $41,000 was attributable  to
 increased check cashing fees, and the remaining increase of $86,000, or  1%,
 was attributable to an increase in other income.  A significant component of
 the increase in merchandise sales was non-retail bulk sales of scrap jewelry
 merchandise, which increased from $677,000 in  the First Quarter of 2002  to
 $2,388,000 in the First Quarter of  2003.  Service  charges from  short-term
 advances  increased  from  $7,965,000  in  the  First  Quarter  of  2002  to
 $9,519,000 in the First  Quarter of 2003, while  service charges from  pawns
 increased from $4,780,000 in the First Quarter of 2002 to $6,494,000 in  the
 First Quarter of 2003.  As a percentage of total revenues, merchandise sales
 decreased from 52% to 50%  during the First Quarter  of 2003 as compared  to
 the First Quarter of 2002, service charges increased from 45% to 47%, check-
 cashing fees and  other income  as a percentage  of total  revenues were  3%
 during the First Quarter of 2003 and the First Quarter of 2002.

      The receivables balance  increased 27%  from $19,020,000  at March  31,
 2002 to  $24,119,000 at  March 31,  2003.   Of the  $5,099,000 increase,  an
 increase of $3,588,000  was attributable to  the 160 pawn  stores and  check
 cashing/short-term advance stores which  were in operation  as of March  31,
 2003 and 2002 and  an increase of $1,511,000  was attributable to growth  at
 the 41 pawn and check cashing/short-term  advance stores opened or  acquired
 since March  31,  2002, net  of  closed stores.  The  aggregate  receivables
 balance at  March  31,  2003  was comprised  of  $15,700,000  of  pawn  loan
 receivables and $8,419,000  of short-term advance  receivables, compared  to
 $12,015,000 of pawn  loan receivables and  $7,005,000 of short-term  advance
 receivables at March 31, 2002.

      Gross profit margins as  a percentage of  total merchandise sales  were
 40% during the  First Quarter  of 2003,  which was  consistent with  overall
 margins during the First Quarter of 2002.  Retail merchandise margins, which
 do not include bulk scrap jewelry sales, increased from 41% to 45% over  the
 same period.

      Operating expenses  increased  16%  to  $13,911,000  during  the  First
 Quarter of 2003 compared  to $12,035,000 during the  First Quarter of  2002,
 primarily as  a result  of the  net addition  of 43  pawn stores  and  check
 cashing/short-term advance  stores since  January 1,  2002, which  is a  27%
 increase in store  count.  The  Company's net bad  debt expense relating  to
 short-term advances increased from $1,254,000 in  the First Quarter of  2002
 to $1,438,000 in the  First Quarter of 2003  as a result  of an increase  in
 volume  of short-term  advances.  Administrative expenses  increased 51%  to
 $3,734,000 during the First  Quarter of 2003  compared to $2,480,000  during
 the First  Quarter  of  2002 due  primarily  to  increased  costs  including
 administrative/supervisory compensation and benefits, insurance,  accounting
 and legal fees and other expenses necessary to support the Company's  growth
 strategy and  increase  in  store  counts.  Interest  expense  decreased  to
 $182,000 in  the First  Quarter  of 2003  compared  to interest  expense  of
 $255,000 in  the  First  Quarter  of  2002 as  a  result  of  lower  average
 outstanding debt balances and lower average interest rates during the  First
 Quarter of 2003.  Interest income increased to $183,000 in the First Quarter
 of 2003 compared to $149,000 in the First Quarter of 2002, due primarily  to
 an increase in the contractual rate of interest on the note receivable  from
 Cash & Go, Ltd.

      For the First Quarter of 2003 and 2002, the Company's effective federal
 income tax rates of 37% and  36%, respectively, differed from the  statutory
 tax rate of  approximately 34% primarily  as a result  of state and  foreign
 income taxes.


 LIQUIDITY AND CAPITAL RESOURCES

      The Company's  operations, acquisitions  and store  openings have  been
 financed with funds  generated from operations,  bank and other  borrowings,
 and the issuance of the Company's securities.

      The Company's  Credit  Facility  provides a $30,000,000 long-term  line
 of credit  that  matures  on  August  9, 2005  and  bears  interest  at  the
 prevailing LIBOR rate (which was approximately 1.3% at March 31, 2003)  plus
 an applicable margin  based on  a defined  leverage ratio  for the  Company.
 Based on the  Company's current leverage  ratio, the margin  is 1.375%,  the
 most  favorable rate  provided under  the terms  of the  agreement.  Amounts
 available under the  Credit Facility are  limited to 300%  of the  Company's
 earnings before income  taxes, interest, depreciation  and amortization  for
 the trailing twelve  months.  Under  the terms of  the Credit Facility,  the
 Company is required  to maintain certain  financial ratios  and comply  with
 certain  technical  covenants.  The  Company  was  in  compliance  with  the
 requirements and covenants of the Credit  Facility as of March 31, 2003  and
 May 8, 2003.  The Company is required to pay an annual commitment fee of 1/5
 of 1% on the average daily-unused portion of the Credit Facility commitment.
 The Company's  Credit Facility  contains provisions,  which will  allow  the
 Company to  repurchase  stock  and/or  pay  cash  dividends  within  certain
 parameters.  Substantially  all of the  unencumbered assets  of the  Company
 have been  pledged  as  collateral against  indebtedness  under  the  Credit
 Facility.

      As  of  March 31, 2003, the Company's primary sources of liquidity were
 $13,106,000 in  cash  and  cash  equivalents,  $24,119,000  in  receivables,
 $12,330,000 in inventories  and $13,000,000  of available  and unused  funds
 under the Company's Credit Facility.  The Company had working capital as  of
 March 31, 2003 of $42,284,000 and liabilities to equity ratio of 0.4 to 1.

      The Company utilized positive cash flows  from operations in the  First
 Quarter of 2003 to fund investing and financing activities primarily related
 to new  stores  and reduction  of  debt.   Net  cash provided  by  operating
 activities of the Company during the  three months ended March 31, 2003  was
 $6,778,000, consisting primarily of net income before non-cash  depreciation
 of $4,160,000, plus  a decrease in  accrued service  charges receivable  and
 inventory of  $368,000  and  $1,318,000,  respectively,  in  addition  to  a
 decrease in prepaid expenses and an  increase in current and deferred  taxes
 of $249,000 and $1,316,000,  respectively.  Net  cash provided by  investing
 activities during  the three  months ended  March 31,  2003 was  $4,818,000,
 which was primarily comprised of a decrease in receivables of $3,195,000,  a
 decrease in  the  receivable from  the  Cash &  Go,  Ltd. joint  venture  of
 $2,498,000, net of  cash paid  for fixed  asset additions  of $875,000.  The
 opening of  11  new stores in 2003 contributed significantly  to  the volume
 of fixed  asset  additions.  Net  cash  used  by  financing  activities  was
 $11,225,000 during the three  months ended March  31, 2003, which  primarily
 consisted of a decrease in the Company's debt of $11,327,000 net of  accrued
 interest  on  notes  receivable  from  officers  of  $27,000  and  proceeds,
 including tax  benefit, from  exercises of  stock  options and  warrants  of
 $129,000.

      The Company funds  substantially all of  the working  capital needs  of
 Cash  &  Go, Ltd.  The  Company's net  receivable from  the partnership  was
 $4,853,000 at March 31, 2003.

      The profitability  and liquidity  of the  Company  is affected  by  the
 amount of  pawn  loans outstanding,  which  is  controlled in  part  by  the
 Company's lending decisions.  The Company is able to influence the frequency
 of pawn redemption by increasing or decreasing the amount pawned in relation
 to the  resale value  of the  pledged  property.  Tighter  credit  decisions
 generally result in smaller pawns in relation to the estimated resale  value
 of the pledged  property and can  thereby decrease  the Company's  aggregate
 pawn   balance   and,   consequently,   decrease   pawn   service   charges.
 Additionally, small advances in relation to the pledged property's estimated
 resale value tend  to increase pawn  redemptions and  improve the  Company's
 liquidity.  Conversely, providing larger pawns in relation to the  estimated
 resale value  of the  pledged property  can  result in  an increase  in  the
 Company's pawn service charge  income.  Also,  larger average pawn  balances
 can result in an increase in pawn forfeitures, which increases the  quantity
 of goods  on hand  and, unless  the  Company increases  inventory  turnover,
 reduces  the  Company's  liquidity.  The  Company's  renewal  policy  allows
 customers to renew  pawns by repaying  all accrued interest  on such  pawns,
 effectively creating a new pawn transaction.

      The amount of short-term advances outstanding and related potential bad
 debt expense also affect the profitability and liquidity of the Company.  An
 allowance for losses is provided on  active short-term advances and  service
 charges receivable,  based upon  expected default  rates, net  of  estimated
 future recoveries of  previously defaulted short-term  advances and  service
 charges  receivable.  The  Company considers  short-term advances  to be  in
 default if they are not repaid on the due date, and writes off the principal
 amount and service charges receivable as  of the default date, leaving  only
 active receivables in the  reported balances.  Net  defaults and changes  in
 the short-term advance allowance are charged  to bad debt expense, which  is
 included in operating expenses.

      In addition to these factors, merchandise  sales and the pace of  store
 expansions affect the  Company's liquidity.   Management  believes that  the
 Credit Facility and  cash generated from  operations will  be sufficient  to
 accommodate the Company's current operations for  Fiscal 2003.  The  Company
 has  no  significant  capital commitments.  The  Company  currently  has  no
 written  commitments  for  additional  borrowings  or  future  acquisitions;
 however, the Company  intends to continue  to grow and  may seek  additional
 capital to facilitate expansion.  The Company will evaluate acquisitions, if
 any,  based  upon  opportunities,  acceptable  financing,  purchase   price,
 strategic fit and qualified management personnel.

      While  the  Company  continually  looks  for,  and  is  presented  with
 potential  acquisition  candidates,  the Company  has  no  definitive  plans
 or commitments  for  further  acquisitions.  If the  Company  encounters  an
 attractive opportunity to acquire or open additional new stores in the  near
 future, the Company may seek additional  financing, the terms of which  will
 be negotiated on a case-by-case basis.


 CAUTIONARY STATEMENT REGARDING RISKS AND UNCERTAINTIES THAT MAY AFFECT
 FUTURE RESULTS

 Forward-Looking Statements

      This quarterly report  may contain forward-looking statements about the
 business, financial condition and prospects of the Company.  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   include,  without  limitation,  the
 earnings  per  share  discussion, the expectation  of increased pawn growth,
 the  expectation  for  additional store  openings,  and  the expectation  of
 growth  in  the  Company's  short-term  advance  products.  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, future  business decisions and  other
 uncertainties.

 Regulatory Changes

       Governmental action to  prohibit or restrict  short-term advances  has
 been advocated over the  past few years by  consumer-advocacy groups and  by
 media reports and stories.  The consumer groups and media stories  typically
 focus on the cost to a consumer  for that type of short-term advance,  which
 is higher than the  interest typically charged by  credit-card issuers to  a
 more  creditworthy  consumer.   This  difference  in  credit  cost  is  more
 significant if a consumer  does not promptly  repay the short-term  advance,
 but renews  (or  "rolls over")  that  short-term  advance for  one  or  more
 additional short-term  (e.g.,  two-week) periods.  The  consumer groups  and
 media  stories  typically  characterize  short-term  advance  activities  as
 abusive toward consumers.  During the  last few years, legislation has  been
 introduced in the United States Congress and in certain state  legislatures,
 and  regulatory  authorities  have   proposed  or  publicly  addressed   the
 possibility of proposing regulations, that would prohibit or restrict short-
 term advances.

      The U.S. Office of Comptroller of  the Currency has recently  initiated
 enforcement actions to restrict the ability of nationally chartered banks to
 establish or maintain  relationships with loan  servicers in  order to  make
 out-of-state short-term  advance  loans.  The  Company  does  not  currently
 maintain nor intend in the future to establish loan-servicing  relationships
 with nationally chartered banks.  The Federal Deposit Insurance Corporation,
 ("FDIC"), which regulates the ability of state chartered banks to enter into
 relationships with  loan servicers,  has  recently proposed  draft  examiner
 guidelines under which such arrangements are  permitted.  Texas is the  only
 state in which the Company functions as loan servicer through a relationship
 with a state chartered bank, County  Bank of Rehoboth Beach, Delaware,  that
 is subject to the draft FDIC examiner  guidelines.  The effect of the  draft
 guidelines on the Company's  ability to offer  short-term advances in  Texas
 under  its current loan  servicing  arrangement with  County Bank is unknown
 at this time.  The Company  is not  aware of  any other  federal  regulatory
 initiatives.

      Legislation and  regulatory  action at  the  state level  that  affects
 consumer lending has recently  become effective in a  few states and may  be
 taken in other states.  The Company intends to continue, with others in  the
 short-term advance industry, to oppose legislative or regulatory action that
 would  prohibit  or  restrict  short-term advances.  But if  legislative  or
 regulatory action with  that effect were  taken on the  federal level or  in
 states such  as Texas,  in which  the Company  has a  significant number  of
 stores, that action could  have a material adverse  effect on the  Company's
 short-term  advance-related  activities  and  revenues.   There  can  be  no
 assurance that additional local, state, or  federal legislation will not  be
 enacted or that  existing laws and  regulations will not  be amended,  which
 would materially, adversely  impact the Company's  operations and  financial
 condition.

 Other

      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,  changes  in
 competition from various sources including both financial services  entities
 and retail  businesses, the  ability to  integrate  new stores,  changes  in
 governmental regulations, unforeseen litigation, changes in capital markets,
 changes in  interest rates  or tax  rates, the  ability to  maintain a  loan
 servicing relationship  with  an  out-of-state bank  necessary  to  generate
 service charges  from  short-term  advances  in  the  Texas  market,  future
 business decisions,  other  risks indicated  in  the Company's  2002  Annual
 Report to Stockholders and other uncertainties.


 ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

      Market risks relating to the Company's operations result primarily from
 changes in interest rates, gold prices  and foreign currency exchange  rates
 and are described in detail in the Company's 2002 Annual Report on Form  10-
 K.  The Company  does not engage in  speculative or leveraged  transactions,
 nor does  it  hold or  issue  financial instruments  for  trading  purposes.
 There have been  no material  changes to  the Company's  exposure to  market
 risks since December 31, 2002.


 ITEM 4.  CONTROLS AND PROCEDURES

    (a) Under the supervision  and  with the  participation of the  Company's
        Chief Executive  Officer and Chief  Financial Officer, management  of
        the  Company  has  evaluated the  effectiveness  of  the  design  and
        operation of  the Company's  disclosure controls  and procedures  (as
        defined in Rule 13a-14(c) under the Securities Exchange Act of  1934)
        as of  a date (the  "Evaluation Date") within  90 days  prior to  the
        filing date of  this report.  Based  upon that evaluation, the  Chief
        Executive  Officer  and  Chief  Financial  Officer concluded that, as
        of  the  Evaluation  Date,  the  Company's  disclosure  controls  and
        procedures  are effective  in timely  alerting them  to the  material
        information relating  to the Company required  to be included in  its
        periodic filings with the Securities and Exchange Commission.

    (b) During the period covered  by this report, there were no  significant
        changes  in  the Company's  internal  controls  or,  to  management's
        knowledge, in  other factors  that could  significantly affect  these
        controls subsequent to the date of their evaluation.


                         PART II.  OTHER INFORMATION


 ITEM 1.  LEGAL PROCEEDINGS

      There have been no material developments in the litigation and
 arbitration "previously reported" in the Company's 2002 Annual Report
 to Stockholders filed on Form 10-K.


 ITEM 2.  CHANGES IN SECURITIES

      None


 ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

      Not Applicable


 ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

      None


 ITEM 5.  OTHER INFORMATION

      None


 ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

      (1) Exhibits:

            99.1 Certification of Chief Executive Officer Pursuant to
                 18 U.S.C. Section 1350

            99.2 Certification of Chief Financial Officer Pursuant to
                 18 U.S.C. Section 1350

      (2) Reports on Form 8-K:

            March 31, 2003   Item 5.  Other Events
            April 24, 2003   Item 9.  Regulation FD Disclosure
                             Item 12. Results of Operations and Financial
                                      Condition



                                  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:  May 8, 2003           FIRST CASH FINANCIAL SERVICES, INC.
                               -----------------------------------
                               (Registrant)

                               /s/ PHILLIP E. POWELL
                               ---------------------
                               Phillip E. Powell
                               Chief Executive Officer

                               /s/ R. DOUGLAS ORR
                               ------------------
                               R. Douglas Orr
                               Chief Financial Officer



                                CERTIFICATION

         I,  Phillip  E.  Powell,  Chief  Executive  Officer  of  First  Cash
 Financial Services, Inc. (the "registrant"), certify that:

    1. I have reviewed this quarterly report on Form 10-Q of the registrant;

    2. Based  on my  knowledge, this quarterly  report does  not contain  any
       untrue statement of a material fact  or omit to state a material  fact
       necessary to make the statements  made, in light of the  circumstances
       under which such statements were made, not misleading with respect  to
       the period covered by this quarterly report;

    3. Based on my knowledge, the  financial statements, and other  financial
       information included in this quarterly  report, fairly present in  all
       material respects the financial  condition, results of operations  and
       cash flows of the registrant as of, and for, the periods presented  in
       this quarterly report;

    4. The  registrant's other certifying officer  and I are responsible  for
       establishing and maintaining  disclosure controls  and procedures  (as
       defined in Exchange  Act Rules 13a-14 and  15d-14) for the  registrant
       and we have:

           a) designed  such disclosure  controls  and procedures  to  ensure
              that material information relating to the registrant, including
              its consolidated subsidiaries,  is made known  to  us by others
              within those entities,  particularly during the period in which
              this quarterly report is being prepared;

           b) evaluated  the  effectiveness of  the  registrant's  disclosure
              controls and  procedures as of a date  within 90 days prior  to
              the  filing  date of  this  quarterly report  (the  "Evaluation
              Date"); and

           c) presented in  this quarterly report  our conclusions about  the
              effectiveness of  the disclosure controls and procedures  based
              on our evaluation as of the Evaluation Date;

    5. The registrant's other certifying officer and I have disclosed,  based
       on our most  recent evaluation, to the  registrant's auditors and  the
       audit  committee  of  registrant's  board  of  directors  (or  persons
       performing the equivalent function):

           a)  all significant  deficiencies in  the design  or operation  of
               internal   controls   which   could   adversely   affect   the
               registrant's ability to record, process, summarize and  report
               financial  data  and  have  identified  for  the  registrant's
               auditors any material weaknesses in internal controls; and

           b)  any fraud, whether or  not material, that involves  management
               or  other  employees  who  have  a  significant  role  in  the
               registrant's internal controls; and

    6. The registrant's  other certifying  officer and  I have  indicated  in
       this quarterly report  whether or not  there were significant  changes
       in internal  controls or  in other  factors that  could  significantly
       affect internal controls  subsequent to the  date of  our most  recent
       evaluation,  including   any  corrective   actions  with   regard   to
       significant deficiencies and material weaknesses.

 Date:  May 8, 2003

 /s/ PHILLIP E. POWELL
 --------------------------------------
 Phillip E. Powell
 Chief Executive Officer



                                CERTIFICATION

         I, R. Douglas Orr, Chief Financial  Officer of First Cash  Financial
 Services, Inc. (the "registrant"), certify that:

    1. I have reviewed this quarterly report on Form 10-Q of the registrant;

    2. Based  on my  knowledge, this quarterly  report does  not contain  any
       untrue statement of a material fact  or omit to state a material  fact
       necessary to make the statements  made, in light of the  circumstances
       under which such statements were made, not misleading with respect  to
       the period covered by this quarterly report;

    3. Based on my knowledge, the  financial statements, and other  financial
       information included in this quarterly  report, fairly present in  all
       material respects the financial  condition, results of operations  and
       cash flows of the registrant as of, and for, the periods presented  in
       this quarterly report;

    4. The  registrant's other certifying officer  and I are responsible  for
       establishing and maintaining  disclosure controls  and procedures  (as
       defined in Exchange  Act Rules 13a-14 and  15d-14) for the  registrant
       and we have:

           a) designed  such disclosure  controls  and procedures  to  ensure
              that material information relating to the registrant, including
              its consolidated subsidiaries, is  made  known  to us by others
              within those entities,  particularly during the period in which
              this quarterly report is being prepared;

           b) evaluated  the  effectiveness of  the  registrant's  disclosure
              controls and  procedures as of a date  within 90 days prior  to
              the  filing  date of  this  quarterly report  (the  "Evaluation
              Date"); and

           c) presented in  this quarterly report  our conclusions about  the
              effectiveness of  the disclosure controls and procedures  based
              on our evaluation as of the Evaluation Date;

    5. The registrant's other certifying officer and I have disclosed,  based
       on our most  recent evaluation, to the  registrant's auditors and  the
       audit  committee  of  registrant's  board  of  directors  (or  persons
       performing the equivalent function):

           a)  all significant  deficiencies in  the design  or operation  of
               internal   controls   which   could   adversely   affect   the
               registrant's ability to record, process, summarize and  report
               financial  data  and  have  identified  for  the  registrant's
               auditors any material weaknesses in internal controls; and

           b)  any fraud, whether or  not material, that involves  management
               or  other  employees  who  have  a  significant  role  in  the
               registrant's internal controls; and

    6. The registrant's  other certifying  officer and  I have  indicated  in
       this quarterly report  whether or not  there were significant  changes
       in internal  controls or  in other  factors that  could  significantly
       affect internal controls  subsequent to the  date of  our most  recent
       evaluation,  including   any  corrective   actions  with   regard   to
       significant deficiencies and material weaknesses.

 Date:  May 8, 2003

 /s/ R. DOUGLAS ORR
 --------------------------------------
 R. Douglas Orr
 Chief Financial Officer



                              INDEX TO EXHIBITS


 EXHIBIT
 NUMBER                   DESCRIPTION
 ------                   -----------
  99.1     Certification of Chief Executive Officer Pursuant to 18 U.S.C.
           Section 1350

  99.2     Certification of Chief Financial Officer Pursuant to 18 U.S.C.
           Section 1350

                                                                 EXHIBIT 99.1

              CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
                      AS ADOPTED PURSUANT TO SECTION 906
                      OF THE SARBANES-OXLEY ACT OF 2002

 In connection with the Quarterly Report of First Cash Financial Services,
 Inc. (the "Company") on Form 10-Q for the quarterly period ended March 31,
 2003, as filed with the Securities and Exchange Commission on the date
 hereof (the "Report"), I, Phillip E. Powell, Chief Executive Officer of the
 Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
 Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

      (1)  The Report fully complies with the requirements of Section 13(a)
           or 15(d) of the Securities Act of 1934, as amended; and

      (2)  The information contained in the Report fairly presents, in all
           material respects, the financial condition and results of
           operations of the Company.

 Date:  May 8, 2003

 /s/ PHILLIP E. POWELL
 --------------------------------------
 Phillip E. Powell
 Chief Executive Officer


                                                                 EXHIBIT 99.2

              CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
                      AS ADOPTED PURSUANT TO SECTION 906
                      OF THE SARBANES-OXLEY ACT OF 2002

 In connection with the Quarterly Report of First Cash Financial Services,
 Inc. (the "Company") on Form 10-Q for the quarterly period ended March 31,
 2003, as filed with the Securities and Exchange Commission on the date
 hereof (the "Report"), I, R. Douglas Orr, Chief Financial Officer of the
 Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant
 to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

      (1)  The Report fully complies with the requirements of Section 13(a)
           or 15(d) of the Securities Act of 1934, as amended; and

      (2)  The information contained in the Report fairly presents, in all
           material respects, the financial condition and results of
           operations of the Company.

 Date:  May 8, 2003

 /s/ R. DOUGLAS ORR
 --------------------------------------
 R. Douglas Orr
 Chief Financial Officer