Filing Flows › Pathward Financial (CASH) › Q3 FY26 › vs Q3 FY25
Pathward Financial (CASH) Q3 FY26 vs Q3 FY25 (year over year)
Pathward Financial's revenue fell $6.1M (-3%) from $196M in Q3 FY25 to $190M in Q3 FY26. The biggest changes: Consumer −$7.0M (-6%); Commercial +$4.9M (+7%); Corporate Services/Other −$4.0M (-89%). Operating margin 17.0% against 24.1% (-7.1 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 Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Operating margin | 17.0% | 24.1% | -7.1 pts |
| Net margin | 15.3% | 21.5% | -6.3 pts |
| Free cash flow margin | 25.6% | 14.1% | +11.5 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Consumer | $111M | $118M | −$7.0M | -6% |
| Commercial | $78.4M | $73.5M | $4.9M | +7% |
| Corporate Services/Other | $503K | $4.5M | −$4.0M | -89% |
| Revenue | $190M | $196M | −$6.1M | -3% |
| Operating profit | $32.2M | $47.2M | −$14.9M | -32% |
| Costs & expenses | $157M | $149M | $8.8M | +6% |
| Pre-tax earnings | $32.2M | $47.2M | −$14.9M | -32% |
| Net earnings | $29.0M | $42.1M | −$13.2M | -31% |
| Minority interests | $183K | $213K | −$30K | -14% |
| Income tax | $3.1M | $4.8M | −$1.7M | -36% |
| Depreciation & amortization | $10.8M | $15.1M | −$4.3M | -28% |
| Share-based compensation | $2.6M | $2.2M | $400K | +19% |
| Working capital & other | $9.6M | −$29.0M | $38.7M | — |
| Operating cash flow | $52.0M | $30.4M | $21.6M | +71% |
| Free cash flow (OCF − capex) | $48.6M | $27.7M | $20.9M | +75% |
| Capital expenditures | $3.4M | $2.7M | $708K | +27% |
Questions
How much did Pathward Financial's revenue grow year over year in Q3 FY26?
Pathward Financial's revenue fell $6.1M (-3%) from $196M in Q3 FY25 to $190M in Q3 FY26.
What drove Pathward Financial's revenue change in Q3 FY26?
Consumer −$7.0M (-6%); Commercial +$4.9M (+7%); Corporate Services/Other −$4.0M (-89%).