Pathward Financial, Inc. (CASH) Income Statement
CASH FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsCASH revenue and net income
Where CASH's revenue goes
FY2025Each bar shows an amount and its share of revenue. CASH kept 27.1% of revenue as net income.
CASH profit margins
CASH growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.4% | +9.4% | +7.5% | +20.8% |
| Gross profit | +4.6% | +10.1% | +10.3% | +20.0% |
| Operating income | +2.0% | +7.3% | +14.2% | +27.6% |
| Net income | +1.4% | +7.1% | +12.2% | +26.3% |
| EPS (diluted) | +30.7% | +22.2% | +25.6% | +23.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CASH quarterly EPS vs estimates
Pathward Financial beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 21, 2026 (estimate $1.63).
CASH income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $685.2M | $668.9M | $577.4M | $523.4M | $515.1M | $477.0M | $514.0M | $303.2M | $241.0M | $151.3M |
| Cost of revenue | $68.4M | $79.3M | $260.8M | $61.7M | $56.6M | $98.6M | $117.2M | $57.4M | $25.5M | $8.7M |
| Gross profit | $616.9M | $589.6M | $316.6M | $461.7M | $458.5M | $378.5M | $396.8M | $245.8M | $215.6M | $142.6M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $200.5M | $201.5M | $184.3M | $171.1M | $151.1M | $136.2M | $158.5M | $111.7M | $92.3M | $65.0M |
| Total operating expenses | $393.8M | $370.9M | −$139.1M | $281.4M | $302.1M | $263.5M | $298.9M | $188.4M | $160.4M | $103.7M |
| Operating income | $223.1M | $218.6M | $177.5M | $180.3M | $156.4M | $115.0M | $97.9M | $57.4M | $55.1M | $38.8M |
| Interest income | $523.4M | $476.4M | $398.7M | $312.2M | $285.9M | $292.8M | $325.7M | $158.5M | $108.1M | $81.4M |
| Interest expense | $11.6M | $21.2M | $10.9M | $4.9M | $6.9M | $33.8M | $61.5M | $28.0M | $14.9M | $4.1M |
| Income before taxes | $223.1M | $218.6M | $182.1M | $180.3M | $156.4M | $115.0M | $97.9M | $57.4M | $55.1M | $38.8M |
| Income taxes | $36.3M | $34.1M | $16.3M | $26.2M | $10.7M | $5.7M | −$3.4M | $5.1M | $10.2M | $5.6M |
| Net income | $185.9M | $183.2M | $163.6M | $151.1M | $141.7M | $104.7M | $97.0M | $51.6M | $44.9M | $33.2M |
| EBITDA | $282.8M | $276.4M | $228.2M | $241.9M | $215.5M | $175.8M | $153.1M | $95.1M | $100.2M | $38.8M |
| EPS (diluted) | $8.17 | $6.25 | $6.11 | $4.48 | $4.58 | $2.61 | $2.84 | $2.43 | $2.25 | $1.52 |
| Gross margin | 90.0% | 88.1% | 54.8% | 88.2% | 89.0% | 79.3% | 77.2% | 81.1% | 89.4% | 94.3% |
| Operating margin | 32.6% | 32.7% | 30.7% | 34.4% | 30.4% | 24.1% | 19.1% | 18.9% | 22.9% | 25.7% |
| Net margin | 27.1% | 27.4% | 28.3% | 28.9% | 27.5% | 22.0% | 18.9% | 17.0% | 18.6% | 22.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $190.8M | $282.1M | $175.0M | $155.4M | $158.1M | $233.0M | $135.9M | $137.7M | $155.2M | $221.7M | $133.9M | $136.1M |
| Cost of revenue | $29.4M | $51.4M | $5.1M | −$4.9M | $10.6M | $270.0M | $21.8M | $4.7M | $15.0M | $38.2M | $15.8M | $13.8M |
| Gross profit | $161.3M | $230.7M | $169.9M | $160.3M | $147.5M | $233.0M | $114.1M | $133.0M | $140.2M | $183.5M | $118.1M | $122.4M |
| Sales, general & admin | $65.4M | $67.6M | $64.4M | $50.7M | $48.6M | $79.9M | $49.3M | $52.3M | $48.4M | $54.1M | $46.7M | $46.4M |
| Total operating expenses | $129.1M | $143.5M | $127.2M | $111.9M | $100.4M | $79.9M | $77.9M | $95.8M | $89.0M | $96.4M | $84.5M | $88.6M |
| Operating income | $32.2M | $87.2M | $42.7M | $48.4M | $47.2M | $91.8M | $36.2M | $37.2M | $51.2M | $87.1M | $33.6M | $33.7M |
| Interest income | $114.0M | $130.9M | $121.2M | $129.4M | $123.6M | $142.0M | $119.2M | $119.8M | $113.9M | $126.8M | $115.9M | $109.6M |
| Interest expense | $1.1M | $5.8M | $1.9M | $1.5M | $1.3M | $5.7M | $3.1M | $3.8M | $3.1M | $8.5M | $5.9M | $4.7M |
| Income before taxes | $32.2M | $87.2M | $42.7M | $48.4M | $47.2M | $90.4M | $36.2M | $37.2M | $51.2M | $87.1M | $33.6M | $33.7M |
| Income taxes | $3.1M | $14.2M | $7.2M | $9.3M | $4.8M | $15.9M | $6.0M | $3.1M | $6.1M | $16.9M | $5.7M | −$2.7M |
| Net income | $29.0M | $72.8M | $35.1M | $38.8M | $42.1M | $74.0M | $30.0M | $33.6M | $44.9M | $69.9M | $27.7M | $35.9M |
| EBITDA | $43.0M | $99.9M | $56.1M | $62.7M | $62.2M | $91.8M | $51.1M | $51.2M | $65.6M | $101.9M | $48.3M | $49.2M |
| EPS (diluted) | $1.37 | $3.35 | $1.57 | $1.69 | $1.81 | $3.41 | $1.26 | $1.35 | $1.66 | $2.18 | $1.06 | $1.36 |
| Gross margin | 84.6% | 81.8% | 97.1% | 103.2% | 93.3% | 100.0% | 84.0% | 96.6% | 90.3% | 82.8% | 88.2% | 89.9% |
| Operating margin | 16.9% | 30.9% | 24.4% | 31.1% | 29.8% | 39.4% | 26.6% | 27.0% | 33.0% | 39.3% | 25.1% | 24.8% |
| Net margin | 15.2% | 25.8% | 20.1% | 25.0% | 26.7% | 31.8% | 22.1% | 24.4% | 28.9% | 31.5% | 20.7% | 26.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CASH's financial statements (latest annual report filed November 25, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CASH financial results
In fiscal year 2025 (ended September 30, 2025), Pathward Financial reported revenue of $685.2 million, up 2.4% from the year before. It had net income of $185.9 million (up 1.4%), a net profit margin of 27.1%. Diluted earnings per share came to $8.17. Over five years revenue grew at an average rate of 7.5% a year.
See the CASH stock overview for the latest quote and news, or the CASH chart for price history and technical indicators.
CASH income statement FAQ
What is Pathward Financial's annual revenue?
Pathward Financial reported total revenue of $685.2 million for fiscal year 2025, which ended on September 30, 2025. That was up 2.4% from $668.9 million the previous year.
Is Pathward Financial profitable?
Yes. Pathward Financial reported net income of $185.9 million in fiscal 2025, a net profit margin of 27.1%; its operating margin was 32.6%.
What is Pathward Financial's gross margin?
Pathward Financial's gross margin was 90.0% in fiscal 2025: for every $100 of revenue, Pathward Financial kept $90 after the direct cost of its products and services.
How fast is Pathward Financial growing?
Revenue grew 7.5% a year on average over the last five fiscal years, from $477.0 million to $685.2 million.
What are Pathward Financial's earnings per share?
Pathward Financial earned $8.17 per diluted share in fiscal 2025, compared with $6.25 a year earlier.
When will Pathward Financial report its next earnings?
Pathward Financial is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does Pathward Financial's fiscal year end?
Pathward Financial's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 25, 2025.