Filing Flows › Pathward Financial (CASH) › Q2 FY26
Pathward Financial (CASH) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 7, 2026
Pathward Financial (CASH) reported revenue of $276M for the second quarter fiscal 2026 (Q2 FY26), +0.5% from a year earlier and +60% from the quarter before. Operating margin was 31.6%, net earnings $72.9M (26.4% of revenue).
Pathward Financial, Q2 FY26: revenue $276M (+0.5% year over year), operating margin 31.6%, net earnings $72.9M, operating cash flow $233M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $276M | +60% | +0.5% |
| Operating profit | $87.2M | +104% | -5% |
| Net earnings | $72.9M | +107% | -3% |
| Operating cash flow | $233M | +115% | +24% |
| Free cash flow | $231M | +122% | +25% |
What changed
Revenue was $276.3M in Q2 FY26, up 1% year over year and up 60% from the previous quarter. Consumer was the largest line at 71% of revenue. Consumer added $7.8M year over year (up 4%), 519% of the total change. Corporate Services/Other declined 41%.
Operating profit was $87.2M, a 31.6% margin (down 1.7 points year over year). Operating profit fell $4.1M even though revenue rose $1.5M versus Q2 FY25, so costs grew faster than sales. Total costs grew 3% against revenue growth of 1%. Net earnings were $72.9M, down 3% year over year. The effective tax rate was 16.2%.
Operating cash flow was $232.9M (up 24% year over year), 319% of net earnings. Non-cash charges added back $12.7M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $143.3M. Capital expenditures of $2.3M left free cash flow of $230.6M.
Questions
What was Pathward Financial's revenue in the second quarter fiscal 2026?
Pathward Financial (CASH) reported revenue of $276M for the second quarter fiscal 2026 (Q2 FY26), +0.5% from a year earlier and +60% from the quarter before.
Was Pathward Financial profitable in the second quarter fiscal 2026?
Operating profit was $87.2M (31.6% of revenue) and net earnings $72.9M.
Source: Pathward Financial 10-Q on SEC EDGAR.