CASHNasdaqNational Commercial BanksFiscal year ends September 30
PATHWARD FINANCIAL, INC.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$72.24−0.69 (-0.95%)
Close on Oct 19, 2026
- Market cap
- $1.53B
- P/E (TTM)
- 9.1
- Dividend yield
- 0.28%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
22.1%+1.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.3% | +11.8% | +11.0% | +21.7% | |
| Net income | +1.4% | +7.1% | +12.2% | +26.3% | |
| EPS, diluted | +9.3% | +15.6% | +21.8% | +24.4% | |
| Free cash flow | -8.3% | +15.9% | -0.7% | +25.8% | |
| Dividend per share | 0.0% | 0.0% | 0.0% | +1.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.0% | 12.4% | 22.1% | |
| Return on assets | 1.0% | 1.7% | 2.5% | |
| Debt to equity | 3.55 | – | – | |
| Capex to revenue | 3.9% | 2.5% | 1.4% | |
| Diluted shares | 25M | 35M | 24M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Pathward Financial generated $2.14B from operations and spent $79.08M on capital expenditure, dividends and share buybacks. 65% of that went back into the business.
Generated
$2.14B
Used
$79.08M
Capital expenditure$51.58M65%Dividends$27.50M35%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin22.1%
×Asset turnover0.11×
×Equity multiplier8.75×
=Return on equity, FY202522.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 22.1% | 0.11× | 8.75× | 22.1% |
| FY2024 | 23.0% | 0.11× | 10.43× | 25.4% |
| FY2023 | 19.7% | 0.10× | 11.37× | 22.9% |
| FY2022 | 25.1% | 0.09× | 8.93× | 20.1% |
| FY2021 | 25.8% | 0.09× | 7.46× | 16.5% |
| FY2020 | 21.0% | 0.08× | 7.29× | 12.4% |
| FY2019 | 19.9% | 0.08× | 7.59× | 12.2% |
| FY2018 | 16.4% | 0.06× | 9.39× | 8.8% |
| FY2017 | 16.9% | 0.06× | 12.00× | 11.7% |
| FY2016 | 18.7% | 0.05× | 10.78× | 11.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$185.87M
- Cash generatingOperating cash flow above zero$450.62M
- Return on assets improvedROA up on the prior year2.4% → 2.5%
- Earnings backed by cashOperating cash flow above net income$450.62M vs $185.87M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise25M → 24M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.11 → 0.11