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Stocks · Financials · National Commercial Banks

PATHWARD FINANCIAL, INC.

CASH Clue Score58
United States Fiscal year ends September CIK 0000907471
$71.87 -0.31% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $71.87 +24.90% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2017Net income44.9EPS, diluted1.61Fiscal year 2018Net income51.6 +14.9%EPS, diluted1.67 +3.7%Fiscal year 2019Revenue486.8Net income97.0 +87.9%EPS, diluted2.49 +49.1%Fiscal year 2020Revenue498.8 +2.5%Net income104.7 +8.0%EPS, diluted2.94 +18.1%Fiscal year 2021Revenue549.9 +10.2%Net income141.7 +35.3%EPS, diluted4.38 +49.0%Fiscal year 2022Revenue601.1 +9.3%Net income151.1 +6.7%EPS, diluted5.09 +16.2%Fiscal year 2023Revenue727.7 +21.1%Net income143.3 −5.2%EPS, diluted5.24 +2.9%Fiscal year 2024Revenue797.4 +9.6%Net income183.2 +27.9%EPS, diluted7.20 +37.4%Fiscal year 2025Revenue839.9 +5.3%Net income185.9 +1.4%EPS, diluted7.87 +9.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a n/a 486.8 498.8 549.9 601.1 727.7 797.4 839.9
Growth +2.5% +10.2% +9.3% +21.1% +9.6% +5.3%
Net income 44.9 51.6 97.0 104.7 141.7 151.1 143.3 183.2 185.9
Growth +14.9% +87.9% +8.0% +35.3% +6.7% −5.2% +27.9% +1.4%
EPS, diluted 1.61 1.67 2.49 2.94 4.38 5.09 5.24 7.20 7.87
Growth +3.7% +49.1% +18.1% +49.0% +16.2% +2.9% +37.4% +9.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2017Fiscal year 2018Fiscal year 2019Net margin19.9%Free cash flow margin36.4%Fiscal year 2020Net margin21.0%Free cash flow margin91.2%Fiscal year 2021Net margin25.8%Free cash flow margin103.4%Fiscal year 2022Net margin25.1%Free cash flow margin46.9%Fiscal year 2023Net margin19.7%Free cash flow margin43.9%Fiscal year 2024Net margin23.0%Free cash flow margin60.0%Fiscal year 2025Net margin22.1%Free cash flow margin52.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin n/a n/a 19.9% 21.0% 25.8% 25.1% 19.7% 23.0% 22.1%
Free cash flow margin n/a n/a 36.4% 91.2% 103.4% 46.9% 43.9% 60.0% 52.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow120.0Capital expenditure−6.8Free cash flow113.2Dividends paid−4.8Fiscal year 2018Operating cash flow137.8Capital expenditure−8.5Free cash flow129.2 +14.2%Dividends paid−5.7Fiscal year 2019Operating cash flow191.0Capital expenditure−14.0Free cash flow177.0 +37.0%Dividends paid−7.8Fiscal year 2020Operating cash flow467.2Capital expenditure−12.3Free cash flow455.0 +157.0%Dividends paid−7.1Fiscal year 2021Operating cash flow581.6Capital expenditure−13.0Free cash flow568.7 +25.0%Dividends paid−6.4Fiscal year 2022Operating cash flow290.0Capital expenditure−8.2Free cash flow281.9 −50.4%Dividends paid−5.9Fiscal year 2023Operating cash flow327.9Capital expenditure−8.6Free cash flow319.3 +13.3%Dividends paid−5.4Fiscal year 2024Operating cash flow488.8Capital expenditure−10.1Free cash flow478.7 +49.9%Dividends paid−5.1Fiscal year 2025Operating cash flow450.6Capital expenditure−11.7Free cash flow438.9 −8.3%Dividends paid−4.7
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 120.0 137.8 191.0 467.2 581.6 290.0 327.9 488.8 450.6
Capital expenditure −6.8 −8.5 −14.0 −12.3 −13.0 −8.2 −8.6 −10.1 −11.7
Free cash flow 113.2 129.2 177.0 455.0 568.7 281.9 319.3 478.7 438.9
Growth +14.2% +37.0% +157.0% +25.0% −50.4% +13.3% +49.9% −8.3%
Dividends paid −4.8 −5.7 −7.8 −7.1 −6.4 −5.9 −5.4 −5.1 −4.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash1,267.6Shareholders’ equity434.5Fiscal year 2018Cash100.0Total debt89.0Net cash (debt)11.0Shareholders’ equity744.2Debt to equity0.12Fiscal year 2019Cash126.5Total debt215.8Net cash (debt)−89.3Shareholders’ equity839.9Debt to equity0.26Fiscal year 2020Cash427.4Total debt98.2Net cash (debt)329.1Shareholders’ equity843.7Debt to equity0.12Fiscal year 2021Cash314.0Total debt92.8Net cash (debt)221.2Shareholders’ equity870.7Debt to equity0.11Fiscal year 2022Cash388.0Total debt36.0Net cash (debt)352.0Shareholders’ equity633.2Debt to equity0.06Fiscal year 2023Cash375.6Total debt33.9Net cash (debt)341.7Shareholders’ equity619.4Debt to equity0.05Fiscal year 2024Cash158.3Total debt33.4Net cash (debt)125.0Shareholders’ equity822.5Debt to equity0.04Fiscal year 2025Cash120.6Total debt33.5Net cash (debt)87.1Shareholders’ equity858.0Debt to equity0.04
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1,267.6 100.0 126.5 427.4 314.0 388.0 375.6 158.3 120.6
Total debt n/a 89.0 215.8 98.2 92.8 36.0 33.9 33.4 33.5
Net cash (debt) n/a 11.0 −89.3 329.1 221.2 352.0 341.7 125.0 87.1
Shareholders’ equity 434.5 744.2 839.9 843.7 870.7 633.2 619.4 822.5 858.0
Debt to equity n/a 0.12 0.26 0.12 0.11 0.06 0.05 0.04 0.04

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 30 Sep 2018 FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Revenue and profit
n/a n/a 486.8 498.8 549.9 601.1 727.7 797.4 839.9
Growth +2.5% +10.2% +9.3% +21.1% +9.6% +5.3%
n/a n/a n/a n/a n/a n/a 0.0 0.0 0.0
55.2 57.4 97.9 115.0 156.4 180.3 155.0 218.6 223.1
10.2 5.1 −3.4 5.7 10.7 26.2 9.6 34.1 36.3
44.9 51.6 97.0 104.7 141.7 151.1 143.3 183.2 185.9
Growth +14.9% +87.9% +8.0% +35.3% +6.7% −5.2% +27.9% +1.4%
Per share
1.62 1.68 2.49 2.94 4.38 5.09 5.26 7.21 7.91
1.61 1.67 2.49 2.94 4.38 5.09 5.24 7.20 7.87
Growth +3.7% +49.1% +18.1% +49.0% +16.2% +2.9% +37.4% +9.3%
27.7 30.7 37.9 34.8 31.7 29.2 26.8 25.2 23.4
27.9 30.9 38.0 34.8 31.8 29.2 26.9 25.2 23.5
Growth +10.6% +23.1% −8.3% −8.8% −7.9% −7.9% −6.4% −6.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 11.0% a year over five years, and earnings per share grew 21.8% a year.
  • The diluted share count fell 32.5% in five years, so buybacks did some of the work per share.
  • Profitable in every one of the 9 years on file.