Filing Flows › Provident Financial Services (PFS) › Q1 2026
Provident Financial Services (PFS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Provident Financial Services (PFS) reported revenue of $225M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -0.2% from the quarter before. Operating margin was 48.9%, net earnings $79.4M (35.3% of revenue).
Provident Financial Services, Q1 2026: revenue $225M (+8% year over year), operating margin 48.9%, net earnings $79.4M, operating cash flow $84.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $225M | -0.2% | +8% |
| Operating profit | $110M | -2% | +20% |
| Net earnings | $79.4M | -5% | +24% |
| Operating cash flow | $84.7M | +23% | -4% |
| Free cash flow | $81.0M | +26% | -7% |
What changed
Revenue was $225.2M in Q1 2026, up 8% year over year and roughly flat from the previous quarter.
Operating profit was $110.2M, a 48.9% margin (up 4.9 points year over year). Of the extra revenue versus Q1 2025, 111% reached operating profit, above the 44% margin then. Total costs fell 2% while revenue rose 8%. Net earnings were $79.4M, up 24% year over year. The effective tax rate was 27.9%.
Operating cash flow was $84.7M (down 4% year over year), 107% of net earnings. Non-cash charges added back $11.8M of depreciation and amortization. Working capital and other items used $6.6M. Capital expenditures of $3.7M left free cash flow of $81.0M.
Questions
What was Provident Financial Services' revenue in the first quarter 2026?
Provident Financial Services (PFS) reported revenue of $225M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -0.2% from the quarter before.
Was Provident Financial Services profitable in the first quarter 2026?
Operating profit was $110M (48.9% of revenue) and net earnings $79.4M.