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How Pathward Financial (CASH) makes money

Pathward Financial (CASH) made $190M of revenue in the third quarter fiscal 2026 (Q3 FY26), -3% from a year earlier. Consumer brought in $111M (58%); Commercial brought in $78.4M (41%); Corporate Services/Other brought in $503K (0%). Of every dollar of revenue, 17¢ was left as operating profit, 15¢ was left as net earnings.

Drawing the Sankey…

Pathward Financial revenue by segment, Q3 FY26Pathward Financial revenue by segment, Q3 FY26Consumer$111MCommercial$78.4MCorporate Services/Other$503K
Pathward Financial: revenue by line, Q2 FY25 to Q3 FY26Pathward Financial: revenue by line, Q2 FY25 to Q3 FY26ConsumerCommercialCorporate Services/Ot…Consumer: $111M latest$111MCommercial: $78.4M latest$78.4MCorporate Services/Other: $503K latestQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Commercial went from 22% of revenue in Q2 FY25 to 41% in Q3 FY26, the largest shift in the mix.
Pathward Financial revenue by quarterPathward Financial revenue by quarter$211MQ4 FY24$275MQ2 FY25$196MQ3 FY25$187MQ4 FY25$173MQ1 FY26$276MQ2 FY26$190MQ3 FY26
Pathward Financial: where each dollar of revenue goesPathward Financial: where each dollar of revenue goesOperating profit17¢Income tax2¢Net earnings15¢Operating cash flow27¢Free cash flow26¢

Revenue by segment, Q3 FY26

SegmentRevenueShareQ/QY/Y
Consumer$111M58.4%-44%-6%
Commercial$78.4M41.3%+22%+7%
Corporate Services/Other$503K0.3%-97%-89%

Where each dollar of revenue goes

LineQ3 FY26% of revenue
Revenue$190M100.0%
Operating profit$32.2M17.0%
Income tax$3.1M1.6%
Net earnings$29.0M15.3%
Operating cash flow$52.0M27.4%
Free cash flow$48.6M25.6%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 FY26$190M-3%
Q2 FY26$276M+0.5%
Q1 FY26$173M-5%
Q4 FY25$187M+4%
Q3 FY25$196M+4%
Q2 FY25$275M+7%
Q4 FY24$211M+14%

From Pathward Financial's 10-Q filed Aug 6, 2026 (on EDGAR).

Questions

How does Pathward Financial make money?

Pathward Financial (CASH) made $190M of revenue in the third quarter fiscal 2026 (Q3 FY26), -3% from a year earlier. Consumer brought in $111M (58%); Commercial brought in $78.4M (41%); Corporate Services/Other brought in $503K (0%). Of every dollar of revenue, 17¢ was left as operating profit, 15¢ was left as net earnings.

What is Pathward Financial's biggest business?

Consumer: $111M in the third quarter fiscal 2026, 58% of revenue, -6% from a year earlier.

What is Pathward Financial's profit margin?

Net earnings were $29.0M, 15.3% of revenue, in the third quarter fiscal 2026; the operating margin was 17.0%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.