Washington Federal, Inc. (WAFD) Income Statement
WAFD FY2026 at a glance
Fiscal year ended September 30, 2026 · U.S. dollarsWAFD revenue and net income
Where WAFD's revenue goes
FY2026Each bar shows an amount and its share of revenue. WAFD kept 18.1% of revenue as net income.
WAFD profit margins
WAFD growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.5% | +24.0% | +16.8% | +9.1% |
| Gross profit | +8.0% | +1.4% | +6.5% | +4.8% |
| Operating income | +13.1% | +0.3% | +7.0% | +2.8% |
| Net income | +13.2% | −0.2% | +6.9% | +4.5% |
| EPS (diluted) | +18.8% | −4.9% | +7.3% | +5.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WAFD quarterly EPS vs estimates
Washington Federal beat the analyst EPS estimate in 4 of the last 8 quarters.
WAFD income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.42B | $1.41B | $1.43B | $742.6M | $733.4M | $652.6M | $708.3M | $734.6M | $651.1M | $602.6M |
| Cost of revenue | $642.0M | $693.0M | $728.4M | $394.2M | $74.8M | $87.0M | $173.5M | $188.8M | $129.5M | $114.9M |
| Gross profit | $774.9M | $717.7M | $704.3M | $742.6M | $658.6M | $565.6M | $534.7M | $545.8M | $521.6M | $487.7M |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $276.5M | $327.2M | $263.0M | $216.6M | $203.4M | $190.5M | $158.5M | $143.4M | $135.1M | $123.7M |
| Total operating expenses | $447.4M | $427.5M | $448.3M | −$417.5M | $358.6M | $332.5M | $315.6M | $283.1M | $264.3M | $231.5M |
| Operating income | $327.5M | $289.6M | $256.1M | $325.1M | $300.0M | $233.1M | $219.2M | $262.8M | $257.2M | $256.2M |
| Interest income | — | $1.34B | $1.37B | $1.04B | $666.4M | $591.6M | $621.3M | $671.5M | $607.1M | $548.9M |
| Interest expense | $603.5M | $685.2M | $710.9M | $352.7M | $71.8M | $86.5M | $151.8M | $190.4M | $134.9M | $117.0M |
| Income before taxes | $327.5M | $289.6M | $256.1M | $325.1M | $300.0M | $233.1M | $219.2M | $262.8M | $257.2M | $256.2M |
| Income taxes | $71.7M | $63.6M | $56.0M | $67.7M | $63.7M | $49.5M | $45.7M | $52.5M | $53.4M | $82.7M |
| Net income | $255.9M | $226.1M | $200.0M | $257.4M | $236.3M | $183.6M | $173.4M | $210.3M | $203.8M | $173.5M |
| EBITDA | $327.5M | $299.4M | $390.2M | $325.1M | $364.1M | $267.1M | $259.1M | $293.8M | $304.0M | $297.9M |
| EPS (diluted) | $3.23 | $2.72 | $3.02 | $3.75 | $3.39 | $2.27 | $1.77 | $2.53 | $2.37 | $1.94 |
| Gross margin | 54.7% | 50.9% | 49.2% | 100.0% | 89.8% | 86.7% | 75.5% | 74.3% | 80.1% | 80.9% |
| Operating margin | 23.1% | 20.5% | 17.9% | 43.8% | 40.9% | 35.7% | 30.9% | 35.8% | 39.5% | 42.5% |
| Net margin | 18.1% | 16.0% | 14.0% | 34.7% | 32.2% | 28.1% | 24.5% | 28.6% | 31.3% | 28.8% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $372.7M | $356.5M | $344.8M | $342.9M | $344.2M | $350.0M | $354.7M | $361.2M | $389.8M | $409.1M | $330.9M | $302.8M |
| Cost of revenue | $174.1M | $161.8M | $151.2M | $154.9M | $159.6M | $165.7M | $177.9M | $189.7M | $201.3M | $216.3M | $176.2M | $134.6M |
| Gross profit | $198.6M | $194.7M | $193.7M | $188.0M | $185.3M | $184.3M | $176.8M | $171.6M | $188.6M | $192.8M | $154.7M | $168.2M |
| Sales, general & admin | $73.0M | $69.2M | $68.8M | $65.4M | $83.3M | $58.6M | $58.5M | $64.8M | $60.8M | $64.8M | $81.1M | $56.4M |
| Total operating expenses | $121.5M | $110.3M | $109.9M | $105.7M | $107.0M | $104.3M | $104.8M | $111.3M | $107.9M | $110.1M | $133.7M | $96.5M |
| Operating income | $77.1M | $84.3M | $83.8M | $82.3M | $77.6M | $79.8M | $72.0M | $60.3M | $80.7M | $82.7M | $21.0M | $71.7M |
| Interest income | — | $332.1M | $324.7M | $322.5M | $326.5M | $331.7M | $336.1M | $345.1M | $374.1M | $391.9M | $318.8M | $286.8M |
| Interest expense | $154.1M | $150.8M | $147.2M | $151.4M | $156.6M | $163.7M | $175.2M | $189.7M | $201.3M | $214.8M | $160.2M | $134.6M |
| Income before taxes | $77.1M | $84.3M | $83.8M | $82.3M | $77.6M | $79.8M | $72.0M | $60.3M | $80.7M | $82.7M | $21.0M | $71.7M |
| Income taxes | $17.1M | $18.2M | $18.3M | $18.1M | $17.0M | $17.8M | $15.8M | $13.0M | $19.5M | $18.2M | $5.1M | $13.2M |
| Net income | $60.0M | $66.1M | $65.5M | $64.2M | $60.6M | $62.0M | $56.3M | $47.3M | $61.1M | $64.6M | $15.9M | $58.5M |
| EBITDA | $77.1M | $90.4M | $92.4M | $80.7M | $76.4M | $66.2M | $52.1M | $104.6M | $20.6M | $71.2M | $248.8M | $49.6M |
| EPS (diluted) | $0.85 | $0.81 | $0.82 | $0.75 | $0.72 | $0.73 | $0.65 | $0.62 | $0.69 | $0.76 | $0.73 | $0.84 |
| Gross margin | 53.3% | 54.6% | 56.2% | 54.8% | 53.8% | 52.6% | 49.9% | 47.5% | 48.4% | 47.1% | 46.7% | 55.6% |
| Operating margin | 20.7% | 23.7% | 24.3% | 24.0% | 22.5% | 22.8% | 20.3% | 16.7% | 20.7% | 20.2% | 6.3% | 23.7% |
| Net margin | 16.1% | 18.6% | 19.0% | 18.7% | 17.6% | 17.7% | 15.9% | 13.1% | 15.7% | 15.8% | 4.8% | 19.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WAFD's financial statements (latest annual report filed October 16, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WAFD financial results
In fiscal year 2026 (ended September 30, 2026), Washington Federal reported revenue of $1.4 billion, up 0.5% from the year before. It had net income of $255.9 million (up 13.2%), a net profit margin of 18.1%. Diluted earnings per share came to $3.23. Over five years revenue grew at an average rate of 16.8% a year.
See the WAFD stock overview for the latest quote and news, or the WAFD chart for price history and technical indicators.
WAFD income statement FAQ
What is Washington Federal's annual revenue?
Washington Federal reported total revenue of $1.4 billion for fiscal year 2026, which ended on September 30, 2026. That was up 0.5% from $1.4 billion the previous year.
Is Washington Federal profitable?
Yes. Washington Federal reported net income of $255.9 million in fiscal 2026, a net profit margin of 18.1%; its operating margin was 23.1%.
What is Washington Federal's gross margin?
Washington Federal's gross margin was 54.7% in fiscal 2026: for every $100 of revenue, Washington Federal kept $55 after the direct cost of its products and services.
How fast is Washington Federal growing?
Revenue grew 16.8% a year on average over the last five fiscal years, from $652.6 million to $1.4 billion.
What are Washington Federal's earnings per share?
Washington Federal earned $3.23 per diluted share in fiscal 2026, compared with $2.72 a year earlier.
When does Washington Federal's fiscal year end?
Washington Federal's fiscal year ends in September. The latest annual report covers the year ended September 30, 2026 and was filed on October 16, 2026.