Filing Flows › Pathward Financial (CASH) › Q3 FY26 › vs Q2 FY26
Pathward Financial (CASH) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Pathward Financial's revenue fell $86.7M (-31%) from $276M in Q2 FY26 to $190M in Q3 FY26. The biggest changes: Consumer −$86.7M (-44%); Commercial +$14.4M (+22%); Corporate Services/Other −$14.3M (-97%). Operating margin 17.0% against 31.6% (-14.6 pts).
Pathward Financial, Q3 FY26: revenue $190M (-3% year over year), operating margin 17.0%, net earnings $29.0M, operating cash flow $52.0M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 17.0% | 31.6% | -14.6 pts |
| Net margin | 15.3% | 26.4% | -11.1 pts |
| Free cash flow margin | 25.6% | 83.5% | -57.9 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Consumer | $111M | $197M | −$86.7M | -44% |
| Commercial | $78.4M | $64.0M | $14.4M | +22% |
| Corporate Services/Other | $503K | $14.8M | −$14.3M | -97% |
| Revenue | $190M | $276M | −$86.7M | -31% |
| Operating profit | $32.2M | $87.2M | −$55.0M | -63% |
| Costs & expenses | $157M | $189M | −$31.6M | -17% |
| Pre-tax earnings | $32.2M | $87.2M | −$55.0M | -63% |
| Net earnings | $29.0M | $72.9M | −$43.9M | -60% |
| Minority interests | $183K | $151K | $32K | +21% |
| Income tax | $3.1M | $14.2M | −$11.1M | -78% |
| Depreciation & amortization | $10.8M | $12.7M | −$1.9M | -15% |
| Share-based compensation | $2.6M | $3.9M | −$1.4M | -35% |
| Working capital & other | $9.6M | $143M | −$134M | -93% |
| Operating cash flow | $52.0M | $233M | −$181M | -78% |
| Free cash flow (OCF − capex) | $48.6M | $231M | −$182M | -79% |
| Capital expenditures | $3.4M | $2.3M | $1.1M | +47% |
Questions
How much did Pathward Financial's revenue grow quarter over quarter in Q3 FY26?
Pathward Financial's revenue fell $86.7M (-31%) from $276M in Q2 FY26 to $190M in Q3 FY26.
What drove Pathward Financial's revenue change in Q3 FY26?
Consumer −$86.7M (-44%); Commercial +$14.4M (+22%); Corporate Services/Other −$14.3M (-97%).