TFS Financial Corporation (TFSL) Income Statement
TFSL FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsTFSL revenue and net income
Where TFSL's revenue goes
FY2025Each bar shows an amount and its share of revenue. TFSL kept 11.5% of revenue as net income.
TFSL profit margins
TFSL growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.4% | +22.3% | +9.3% | +6.9% |
| Gross profit | +4.7% | +3.2% | +1.7% | +0.7% |
| Operating income | +14.4% | +7.6% | +2.7% | +0.5% |
| Net income | +14.3% | +6.8% | +1.8% | +2.3% |
| EPS (diluted) | +18.5% | +5.8% | +2.0% | +2.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TFSL quarterly EPS vs estimates
TFS Financial beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.09).
TFSL income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $792.0M | $758.8M | $305.0M | $433.1M | $444.6M | $508.5M | $502.6M | $464.6M | $428.8M | $413.4M |
| Cost of revenue | $473.0M | $454.1M | $326.9M | $142.9M | $148.7M | $216.0M | $206.7M | $151.1M | $113.1M | $110.0M |
| Gross profit | $319.0M | $304.7M | $305.0M | $290.2M | $295.9M | $292.5M | $295.9M | $313.5M | $315.7M | $303.4M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $137.7M | $142.1M | $126.2M | $140.0M | $137.1M | $131.1M | $133.8M | $131.8M | $124.4M | $123.6M |
| Total operating expenses | $204.3M | $204.3M | −$211.6M | $198.1M | $195.8M | $192.3M | $193.7M | $192.3M | $182.4M | $181.0M |
| Operating income | $114.7M | $100.3M | $93.4M | $92.1M | $100.1M | $100.2M | $102.2M | $121.2M | $133.3M | $122.4M |
| Interest income | $763.2M | $734.1M | $611.9M | $409.3M | $389.4M | $455.3M | $482.1M | $443.0M | $409.0M | $388.4M |
| Interest expense | $470.5M | $455.6M | $328.4M | $141.9M | $157.7M | $213.0M | $216.7M | $162.1M | $130.1M | $118.0M |
| Income before taxes | $114.7M | $100.3M | $93.4M | $92.1M | $100.1M | $100.2M | $102.2M | $121.2M | $133.3M | $122.4M |
| Income taxes | $23.8M | $20.7M | $18.1M | $17.5M | $19.1M | $16.9M | $22.0M | $35.8M | $44.5M | $41.8M |
| Net income | $91.0M | $79.6M | $75.2M | $74.6M | $81.0M | $83.3M | $80.2M | $85.4M | $88.9M | $80.6M |
| EBITDA | $137.8M | $119.3M | $93.4M | $119.1M | $132.7M | $133.1M | $125.2M | $146.4M | $154.2M | $141.7M |
| EPS (diluted) | $0.32 | $0.27 | $0.27 | $0.27 | $0.29 | $0.29 | $0.28 | $0.32 | $0.31 | $0.28 |
| Gross margin | 40.3% | 40.2% | 100.0% | 67.0% | 66.6% | 57.5% | 58.9% | 67.5% | 73.6% | 73.4% |
| Operating margin | 14.5% | 13.2% | 30.6% | 21.3% | 22.5% | 19.7% | 20.3% | 26.1% | 31.1% | 29.6% |
| Net margin | 11.5% | 10.5% | 24.7% | 17.2% | 18.2% | 16.4% | 16.0% | 18.4% | 20.7% | 19.5% |
| 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 | $202.1M | $202.9M | $205.8M | $207.2M | $198.5M | $193.0M | $193.3M | $194.9M | $191.2M | $189.2M | $183.5M | $173.8M |
| Cost of revenue | $120.7M | $117.7M | $121.1M | $122.7M | $117.9M | $115.4M | $116.9M | $120.8M | $115.1M | $111.1M | $107.1M | $98.9M |
| Gross profit | $81.4M | $85.2M | $84.7M | $84.5M | $80.5M | $77.6M | $76.3M | $74.1M | $76.0M | $78.1M | $76.4M | $75.0M |
| Sales, general & admin | $54.1M | $37.8M | $38.2M | $23.7M | $37.0M | $39.9M | $37.1M | $38.8M | $35.0M | $36.6M | $35.3M | $36.2M |
| Total operating expenses | $50.6M | $55.4M | $56.2M | $52.0M | $53.2M | $51.1M | $47.9M | $51.1M | $50.8M | $52.2M | $50.3M | $51.5M |
| Operating income | $30.8M | $29.8M | $28.5M | $32.4M | $27.4M | $26.5M | $28.4M | $23.1M | $25.2M | $25.9M | $26.1M | $23.5M |
| Interest income | $202.1M | $195.5M | $197.8M | $199.1M | $191.4M | $186.0M | $186.8M | $188.5M | $184.9M | $183.5M | $177.2M | $168.7M |
| Interest expense | $120.7M | $117.7M | $122.1M | $121.7M | $116.4M | $113.9M | $118.4M | $119.8M | $115.6M | $112.1M | $108.1M | $98.4M |
| Income before taxes | $38.7M | $29.8M | $28.5M | $32.4M | $27.4M | $26.5M | $28.4M | $23.1M | $25.2M | $25.9M | $26.1M | $23.5M |
| Income taxes | $8.1M | $6.6M | $6.2M | $6.4M | $5.8M | $5.5M | $6.0M | $4.8M | $5.3M | $5.2M | $5.4M | $3.9M |
| Net income | $30.5M | $23.2M | $22.3M | $26.0M | $21.5M | $21.0M | $22.4M | $18.2M | $20.0M | $20.7M | $20.7M | $19.5M |
| EBITDA | $45.4M | $35.7M | $34.8M | $38.7M | $33.3M | $32.1M | $33.7M | $28.0M | $30.2M | $30.4M | $30.7M | $28.2M |
| EPS (diluted) | $0.11 | $0.08 | $0.08 | $0.09 | $0.08 | $0.07 | $0.08 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 |
| Gross margin | 40.3% | 42.0% | 41.2% | 40.8% | 40.6% | 40.2% | 39.5% | 38.0% | 39.8% | 41.3% | 41.6% | 43.1% |
| Operating margin | 15.2% | 14.7% | 13.8% | 15.7% | 13.8% | 13.7% | 14.7% | 11.8% | 13.2% | 13.7% | 14.2% | 13.5% |
| Net margin | 15.1% | 11.5% | 10.8% | 12.5% | 10.8% | 10.9% | 11.6% | 9.3% | 10.4% | 10.9% | 11.3% | 11.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TFSL's financial statements (latest annual report filed November 25, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TFSL financial results
In fiscal year 2025 (ended September 30, 2025), TFS Financial reported revenue of $792.0 million, up 4.4% from the year before. It had net income of $91.0 million (up 14.3%), a net profit margin of 11.5%. Diluted earnings per share came to $0.32. Over five years revenue grew at an average rate of 9.3% a year.
See the TFSL stock overview for the latest quote and news, or the TFSL chart for price history and technical indicators.
TFSL income statement FAQ
What is TFS Financial's annual revenue?
TFS Financial reported total revenue of $792.0 million for fiscal year 2025, which ended on September 30, 2025. That was up 4.4% from $758.8 million the previous year.
Is TFS Financial profitable?
Yes. TFS Financial reported net income of $91.0 million in fiscal 2025, a net profit margin of 11.5%; its operating margin was 14.5%.
What is TFS Financial's gross margin?
TFS Financial's gross margin was 40.3% in fiscal 2025: for every $100 of revenue, TFS Financial kept $40 after the direct cost of its products and services.
How fast is TFS Financial growing?
Revenue grew 9.3% a year on average over the last five fiscal years, from $508.5 million to $792.0 million.
What are TFS Financial's earnings per share?
TFS Financial earned $0.32 per diluted share in fiscal 2025, compared with $0.27 a year earlier.
When will TFS Financial report its next earnings?
TFS Financial is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does TFS Financial's fiscal year end?
TFS 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.