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): October 22, 2003


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


                                    Delaware
                                    --------
                 (State or other jurisdiction of incorporation)


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


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


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


Item 12. Results of Operation and Financial Condition First Cash Financial Services, Inc. has reported its financial results for its quarter ended September 30, 2003. The Company's press release dated October 22, 2003 announcing the results is attached as Exhibit 99.1. All information in the press release is furnished but not filed. 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: October 22, 2003 FIRST CASH FINANCIAL SERVICES, INC. ----------------------------------- (Registrant) R. DOUGLAS ORR ------------------------ R. Douglas Orr Chief Accounting Officer 2

                                                                    Exhibit 99.1

       First Cash Financial Services Reports 37% Increase in Third Quarter
           Earnings Per Share; Raises Estimate for the Fourth Quarter

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

     Earnings
     --  Diluted earnings per share for the quarter ending September 30, 2003
         were $0.37.  This represents an increase of 37% compared to
         $0.27 diluted earnings per share for the third quarter of 2002.
     --  Net income for the third quarter was $4.0 million.  This represents a
         56% increase over third quarter 2002 net income of $2.6 million.
     --  For the nine months ending September 30, 2003, diluted earnings per
         share were $1.02, an increase of 28% compared to $0.80 for the
         comparative period in 2002.
     --  Year-to-date net income was $10.5 million, compared to $7.6 million
         for the first nine months of 2002, which represents a 38% increase.
     --  For the trailing twelve months ending September 30, 2003, diluted
         earnings per share from continuing operations were $1.36, an increase
         of 27% over $1.07 for the trailing twelve months ended September 30,
         2002.

     Revenues
     --  Total revenues for the third quarter were $37.2 million, compared to
         $29.8 million for the same quarter last year, representing an
         increase of 25%.  Year-to-date revenues were $104.9 million, up from
         $85.1 million in the comparative 2002 period, which represents a 23%
         increase.
     --  Same-store revenues for the third quarter of 2003 increased by 15%
         over the comparable prior year quarter.  For the nine months ending
         September 30, 2003, same-store revenues increased by 13% compared to
         the same period in 2002.
     --  Revenues excluding non-retail sales of scrap jewelry merchandise
         increased by 19%, from $28.8 million in the third quarter of 2002 to
         $34.3 for third quarter of 2003.  Non-retail sales of scrap jewelry
         merchandise increased from $1.0 million in the third quarter of 2002
         to $3.0 million in the third quarter of 2003.

     Unit Growth
     --  The Company added twelve new stores during the third quarter,
         bringing the number of store openings to 34 for the first nine months
         of 2003.  The Company opened 24 stores in the first nine months of
         2002.
     --  As of September 30, 2003, the Company's total store count was 224, a
         24% increase over the unit count one year ago.

     Performance Metrics & Liquidity
     --  The Company's overall operating margin (net income before income
         taxes) increased to 17.4% of revenues for the quarter ended
         September 30, 2003, compared to 13.5% for the same quarter in 2002.
         The current year-to-date operating margin was 16.2% compared to 14.0%
         for the nine months ended September 30, 2002.
     --  Retail merchandise margins, which do not include bulk jewelry scrap
         sales, were 45% for the nine months ending September 30, 2003,
         compared to 44% for the same period in 2002.  Year-to-date 2003
         profit margins on total merchandise sales, both retail and non-
         retail, were 41%.
     --  Total receivables from pawn loans and short-term advances increased
         21% to $31.0 million at September 30, 2003, compared to $25.6 million
         at September 30, 2002.
     --  The Company reduced its interest-bearing debt by 64% during the most
         recent twelve-month period.  As of September 30, 2003, the Company's
         only interest-bearing debt was its long-term line of credit, which
         had a balance of $11 million, compared to $30.8 million at
         September 30, 2002.
     --  As of September 30, 2003, total stockholders' equity was
         $110 million, and the debt to equity ratio was .26 to 1.  This
         compares to September 30, 2002, when stockholders' equity was
         $82 million and the debt-to-equity ratio was .55 to 1.

     Updated Earnings Estimate
     --  Based on the results through September and projected trends for the
         fourth quarter of 2003, the Company has increased its 2003 earnings
         estimate.  Diluted earnings per share from continuing operations for
         the fourth quarter are now estimated to be in a range of $0.41 to
         $0.43.  Full year 2003 diluted earnings per share from continuing
         operations are now forecast to be in a range of $1.43 to $1.45.
         Management most recently forecast full year diluted earnings per
         share from continuing operations to be in a range of $1.38 to $1.41.
     --  The Company previously announced plans to record a third quarter non-
         recurring charge related to a change in accounting due to
         implementation of a new Financial Accounting Standards Board ("FASB")
         accounting pronouncement, FASB Interpretation No. 46 ("FIN 46").
         Under the requirements of FIN 46, First Cash must consolidate into
         its financial statements the assets, liabilities and operating
         results of its 50%-owned joint venture, Cash & Go, Ltd., which owns
         and operates 40 check-cashing/short-term advance kiosks inside
         convenience stores.  On October 9, 2003 the FASB deferred
         implementation of FIN 46 until the fourth quarter of 2003.  The
         Company will now implement FIN 46 on December 31, 2003 at which time
         it expects to record a non-recurring change in accounting charge
         estimated to be $0.03 per diluted share, net of income tax benefit.
         Diluted earnings per share net of this change in accounting charge
         for the fourth quarter of 2002 are projected to be in a range of
         $0.38 to $0.40 for the fourth quarter and $1.40 to $1.42 for the full
         year 2003.
     --  Total revenues for 2003 are projected to be in a range of $145
         million to $147 million.  This guidance is at the lower end of the
         previous estimate because of the deferred implementation of FIN 46,
         which results in the revenue from the referenced Cash & Go joint
         venture not being consolidated.
     --  With 34 new stores opened through September 30, the Company remains
         on target to open a total of 45 stores during 2003, which is
         consistent with the previous forecast number.

    Commentary & Analysis

    Rick Powell, Chairman and Chief Executive Officer of First Cash Financial
Services, commented on the Company's operating results, "The third quarter
results for First Cash were exceptional.  They reflect continuation of strong
revenue growth and increasing profitability.  We continue to see positive
revenue and profitability trends across all major product categories, and as a
result, we are again raising our estimated earnings for 2003."

    First Cash's revenue growth has resulted from both same store sales
increases and additional revenues from new stores.  The continued maturation
of 14 stores opened in the first half of 2002 is a significant factor in the
third quarter same-store sales improvement.  The Company expects to benefit in
future quarters from maturation of 38 stores opened during 2002, plus new
stores opened in early 2003.

    Mr. Powell noted that, "The increased operating margins we have posted
thus far in 2003 validate our expansion and operational strategies.  Our
ability to absorb the start-up costs associated with the projected 45 new
store openings this year while increasing our operating margins is a
particularly significant accomplishment.  We have been careful in selecting
high-potential markets for expansion that provide the opportunity for rapid
ramp-up of revenues in the new stores.  In addition, we have been very
diligent in controlling the costs associated with our expansion.  We continue
to improve operating efficiencies in our existing stores, as evidenced by such
key performance metrics as the improvement in retail profit margins."

    The continued strengthening of the Company's balance sheet was especially
evident during the third quarter.  First Cash achieved a significant milestone
when stockholders' equity exceeded $100 million for the first time in Company
history.  In addition, interest-bearing debt was reduced to $11 million as of
September 30, 2003.  According to Mr. Powell, "The substantial increase in
stockholders' equity, combined with continued reductions in debt, provides the
Company with tremendous financial strength and flexibility.  In addition to
debt reduction, First Cash has also been able to utilize its strong cash flows
to simultaneously fund both our store expansion strategy and key
infrastructure investments, such as enhancements to our proprietary
information technology and internal control systems."

    "On another positive note, First Cash is pleased to be recognized for the
second consecutive year by Forbes Magazine as one of the "200 Best Small
Companies."  The 2003 ranking, which is based on a combination of
profitability and growth performance measures over the most current one and
five year periods, placed First Cash 73rd out of 3,500 companies evaluated by
Forbes."  For more information on this achievement for First Cash, please
visit www.forbes.com/200best.

    In summary, Mr. Powell stated, "First Cash has achieved record revenue and
profitability results due to its market positioning strategy, product
innovation and attention to detail in its execution.  We are pleased with our
current results and are even more excited about our future."

    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 224 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 foreign currency exchange rates, future business decisions
and other uncertainties.

                          SELECTED OPERATING INFORMATION

                                      Quarter Ended        Nine Months Ended
                                  Sept. 30,   Sept. 30,   Sept. 30,  Sept. 30,
                                    2003        2002        2003       2002
                                                 (unaudited)
                                       (in thousands, except per share)
    Revenues:
      Merchandise sales           $17,283     $13,282     $49,986     $40,615
      Service charges              18,996      15,552      51,932      41,665
      Check cashing fees              670         642       2,109       2,026
      Other                           292         279         876         767
                                   37,241      29,755     104,903      85,073
    Cost of goods sold             10,245       7,628      29,570      23,620
    Operating expenses             16,602      14,161      45,377      38,929
    Interest expense                  108         238         412         698
    Interest income                  (133)       (161)       (467)       (427)
    Depreciation                      828         718       2,176       1,859
    Administrative expenses         3,110       3,143      10,855       8,471
                                   30,760      25,727      87,923      73,150
    Income before income taxes      6,481       4,028      16,980      11,923
    Provision for income taxes      2,465       1,450       6,465       4,292
    Net income                    $ 4,016     $ 2,578     $10,515     $ 7,631
    Net income per share:
        Basic                     $  0.42     $  0.29     $  1.15     $  0.87
        Diluted                   $  0.37     $  0.27     $  1.02     $  0.80

                             CONDENSED BALANCE SHEETS

                                                  September 30,
                                              2003           2002
                                                  (unaudited)
                                                (in thousands)
    ASSETS:
      Cash                                 $ 13,665       $ 12,005
      Receivables                            34,604         28,641
      Inventories                            15,011         13,093
      Other current assets                    1,239          1,466
      Income taxes receivable                 2,043          1,304
        Total current assets                 66,562         56,509
      Property & equipment, net              12,926         10,597
      Intangible assets, net                 53,194         53,194
      Other                                   5,555          7,333
                                           $138,237       $127,633

    LIABILITIES & STOCKHOLDERS' EQUITY:
      Accounts payable and other
       current liabilities                 $ 11,775       $ 10,967
        Total current liabilities            11,775         10,967
      Revolving credit facility              11,000         29,000
      Long-term debt, net of current portion    ---            627
      Deferred taxes payable                  5,824          4,750
        Total liabilities                    28,599         45,344
      Stockholders' Equity                  109,638         82,289
                                           $138,237       $127,633