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Pathward Financial, Inc.

CASH Financial Banks Regional

Pathward Financial, Inc.’s revenue for fiscal 2026 (year ended September 2026) was $832.2 million, down 2.27% from fiscal 2025.

Revenue
−2.04%
EPS
+9.41%
Free cash flow
+20.5%
Total debt
+0.31%

Quarter to September 2026, against a year earlier

76.60 2.41 −3.05%
Market cap
$1.6B
P/E
9.4×
Fwd P/E
9.2×
Dividend yield
0.26%
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 2.68
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 2 — 1 1 — — — — — —
Insider Ownership 1.71%

Capital & Financial Ratios $m

Size
Market Cap 1,590.00
Revenue ttm 832.16
Net income ttm 176.75
Free cash flow ttm 672.67
Net debt Q (128.84)
Valuation
P/E 9.38
Forward P/E 9.21
Price / sales 1.91
Forward P/S Powerpack
Price / FCF 2.37
Price / book 1.94
Financial health
Current ratio Q 0.83
Debt / equity Q 0.04
Interest coverage Q —
Growth
Revenue growth Q −2.04% (below 0%: shrinking)
Operating income growth Q −15.12% (below 0%: shrinking)
EPS, this year +18.35% (at or above 15%: strong)
EPS, next year A +13.43%
Revenue, next year A −3.85% (below 0%: weak)
EPS, past 5 yrs +13.20%
EPS, next 5 yrs A +11.81%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 25.78%
10-year low 10-year high
P/S against its own 10 years 23.36%
10-year low 10-year high
P/B against its own 10 years 58.20%
10-year low 10-year high

Dividends

Yield
0.26%
Annual rate
0.20
Payout ratio
2.46%
Growth, 2017–25
+1.81%/yr
  1. 0.17 ’17
  2. 0.19 ’18 +8
  3. 0.20 ’19 +7
  4. 0.20 ’20 +0
  5. 0.20 ’21 +0
  6. 0.20 ’22 +0
  7. 0.20 ’23 +0
  8. 0.20 ’24 +0
  9. 0.20 ’25 +0
  10. 0.20 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 376 158 121 162
Receivables — — — —
Inventory — — — —
Other — — — —
4,750 4,885 4,950 5,290
2023 2024 2025 2026
Payables 6,589 5,875 5,887 5,692
ST’ Debt — — — —
Other — — — —
6,851 6,676 6,281 6,400

Compound Annual Growth %

10y 5y 3y
Sales 16.41% 8.37% 4.06%
Cash Flow 24.79% (0.72%) 15.82%
Earnings 18.11% 4.77% 7.53%
Book Value 9.37% (1.21%) 9.88%

Earnings Trends EPS, adjusted, against the consensus

Q4 FY26 Estimate 1.63 Actual 1.85

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY26 1.38 1.57 Beat by 0.19
Q2 FY26 3.35 3.35 Met by 0.00
Q3 FY26 1.95 1.37 Miss by 0.58
Q4 FY26 1.63 1.85 Beat by 0.22
Q1 FY27 1.68 — Reports 28 January 2027

EPS $

Dec Mar Jun Sep Year
’26 — — — — —
’26 1.57 3.35 1.37 1.85 8.14
’25 1.29 3.11 1.81 1.69 7.87
’24 1.34 2.56 1.66 1.35 7.20
’23 0.98 1.99 1.68 0.96 5.24
’22 2.00 1.66 0.76 0.71 5.26
’21 0.84 1.84 1.21 0.50 4.38
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 — — — — —
’26 175 282 191 184 832
’25 186 281 197 188 851
’24 178 266 192 183 819
’23 151 232 167 189 739
’22 159 195 128 141 623
’21 114 189 132 122 557
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 108 233 52 — —
’25 (72) 188 30 304 451
’24 30 203 113 143 489
’23 42 141 5 139 328
’22 157 134 (4) 3 290
’21 170 216 65 131 582
’20 135 130 17 185 467
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 104 231 58 — —
’25 (74) 185 48 280 439
’24 28 201 111 139 479
’23 50 140 3 136 329
’22 205 132 (6) 1 332
’21 170 212 60 127 569
’20 133 127 13 182 455
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 280 343 548 533 557 623 739 819 851 832 +12.9% 872 930 — +5.7%
Gross margin, % 94.69 91.84 88.78 93.65 98.77 99.22 98.53 97.41 98.64 98.80 +4.1 pt
EBT 55 57 98 115 156 180 155 219 223 205 +15.7%
EBT margin, % 19.68 16.73 17.86 21.59 28.10 28.93 20.99 26.71 26.20 24.66 +5.0 pt
Net income 45 52 101 109 146 154 145 185 187 — +19.5%
Per share, $
Per share, $ Revenue 10.10 11.16 14.46 15.29 17.55 21.32 27.52 32.52 36.39 38.81 +16.1%
Earnings 1.62 1.68 2.49 2.94 4.38 5.26 5.26 6.63 7.91 8.18 +19.7%
Cash flow 4.33 4.48 5.04 13.41 18.33 9.92 12.22 19.42 19.26 0.00 n/m
Capex (0.24) (0.28) (0.37) (0.35) (0.41) 1.43 0.05 (0.40) (0.50) 0.00 n/m
Free cash flow 4.08 4.20 4.67 13.07 17.93 11.36 12.27 19.02 18.76 0.00 n/m
Book value 15.66 24.33 22.25 24.33 27.48 22.07 23.04 32.67 36.65 38.26 +10.4%
Shares, m 28 31 38 35 32 29 27 25 23 21 (2.8%)
Valuation, ×
Valuation, × P/E 16.51 15.82 13.15 6.58 11.95 6.43 8.29 9.55 9.32 8.71 10.6
P/S 2.62 2.43 2.26 1.26 2.99 1.55 1.63 2.03 2.03 1.78 2.1
P/B 1.69 1.12 1.47 0.79 1.91 1.49 1.95 2.02 2.02 1.80 1.6
EV/Sales (1.59) 2.40 2.42 0.64 2.59 0.98 1.23 1.88 1.93 — 1.4
EV/FCF (3.94) 6.37 7.49 0.75 2.54 1.84 2.76 3.21 3.75 — 2.8
Cash, $m
Cash, $m Operating cash flow 120 138 191 467 582 290 328 489 451 — +18.0%
Capex (7) (9) (14) (12) (13) 42 1 (10) (12) — +7.1%
Free cash flow 113 129 177 455 569 332 329 479 439 — +18.5%
Balance, $m
Balance, $m Working capital (2,103) (1,929) (1,198) (1,252) (1,798) (2,149) (2,102) (1,792) (1,331) (1,110) (6.9%)
Net debt (1,182) (11) 89 (329) (221) (352) (342) (125) (87) (129) (21.8%)
Shareholders’ equity 434 748 844 847 872 645 618 822 857 820 +7.3%
Returns, %
Returns, % ROA 0.97 0.93 1.57 1.67 2.17 2.21 1.98 2.41 2.52 2.43 +1.5 pt
ROIC 0.00 4.87 7.21 14.11 15.30 38.59 35.77 19.87 18.58 18.63 +18.6 pt
ROE 11.67 8.73 11.89 12.10 16.17 19.60 22.34 25.20 22.05 20.92 +9.3 pt
People
People Employees 827 1,219 1,219 1,015 1,134 1,154 1,199 1,244 1,182 — +4.6%
Revenue/emp, $m 0.34 0.28 0.45 0.52 0.49 0.54 0.62 0.66 0.72 0.00 n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2026 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Pathward Financial, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HOPE Hope Bancorp, Inc. $1.7B 13.1× 13.1× +2.73% (above 0%: growing) +218.18% (above 0%: growing) +727.66% (above 0%: growing) 58.92% 0.00% Compare
QCRH QCR Holdings, Inc. $1.7B 11.9× 11.6× +5.68% (above 0%: growing) +28.65% (above 0%: growing) +1,791.78% (above 0%: growing) 64.70% 0.00% Compare
NBHC National Bank Holdings Corporation $1.6B 29.6× 20.5× +18.27% (above 0%: growing) n/m +33.48% (above 0%: growing) 69.90% 0.00% Compare
BFC Bank First National Corporation $1.6B 19.3× 17.0× +44.08% (above 0%: growing) +29.24% (above 0%: growing) +152.03% (above 0%: growing) 75.87% 0.00% Compare
CNOB ConnectOne Bancorp, Inc. $1.6B 11.3× 10.8× −10.37% (below 0%: shrinking) −24.36% (below 0%: shrinking) +162.97% (above 0%: growing) 55.38% 0.00% Compare
CASH Pathward Financial, Inc. $1.6B 9.4× 9.2× −2.04% (below 0%: shrinking) +9.41% (above 0%: growing) +20.54% (above 0%: growing) 99.33% 0.00%
RBCAA Republic Bancorp, Inc. $1.6B 13.9× 12.6× +1.88% (above 0%: growing) +4.32% (above 0%: growing) −102.32% (below 0%: shrinking) 82.94% 0.00% Compare
AVAL Grupo Aval Acciones y Valores S.A. $1.6B 10.5× — +74.54% (above 0%: growing) +30.00% (above 0%: growing) +884.01% (above 0%: growing) 46.31% 0.00% Compare
LOB Live Oak Bancshares, Inc. $1.6B 11.7× 12.7× +16.97% (above 0%: growing) +1.25% (above 0%: growing) +92.37% (above 0%: growing) 58.14% 0.00% Compare
Median of peers $1.6B 12.5× 12.7× +11.32% +28.65% +157.50% 61.81% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 14 January 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 4.64m 6.59m 392.52
2024 4.33m 7.10m 349.21
2023 3.88m 5.08m 242.98
2022 3.81m 2.82m 173.04
2021 5.04m 7.44m 274.27

Ownership

Directors and executive officers, together 1.43%
BlackRock, Inc.50 Hudson YardsNew York, NY 14.93%
FMR LLC245 Summer StreetBoston, Massachusetts 9.35%
The Vanguard Group, Inc.100 Vanguard Blvd.Malvern, PA 8.38%
State Street CorporationOne Congress Street, Suite 6.28%
Dimensional Fund Advisors LP6300 Bee Cave Road, Building OneAustin, TX 5.13%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Pathward Financial, Inc. (CASH) Latest News

22 Oct

Impact 4 · · StockStory
Impact 4 · · The Motley Fool
Impact 3 · · StockStory earnings
Impact 3 · · Simply Wall St.

21 Oct

Impact 4 · · Moby
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Associated Press
Impact 3 · · StockStory
Impact 3 · · Business Wire

19 Oct

Impact 3 · · StockStory

8 Oct

Impact 3 · · Business Wire

30 Sep

Impact 3 · · Simply Wall St.

29 Sep

Impact 3 · · Simply Wall St.

25 Aug

Impact 4 · · MarketBeat
Impact 3 ·

18 Aug

Impact 3 ·

5 Aug

Impact 3 ·

27 Jul

Impact 3 ·

26 Jul

Impact 4 ·

23 Jul

Impact 4 ·
Impact 3 ·
Impact 3 · · Moby transcript

22 Jul

Impact 3 ·
Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 ·

8 Jun

Impact 3 · · Simply Wall St.
stockrow.com/CASH · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com