Filing Flows › Wafd (WAFD) › Q1 FY26
Wafd (WAFD) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 4, 2026
Wafd (WAFD) reported revenue of $191M for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and +2% from the quarter before. Operating margin was 43.0%, net earnings $64.2M (33.5% of revenue).
Wafd, Q1 FY26: revenue $191M (+12% year over year), operating margin 43.0%, net earnings $64.2M, operating cash flow $60.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $191M | +2% | +12% |
| Operating profit | $82.3M | +6% | +37% |
| Net earnings | $64.2M | +6% | +36% |
| Operating cash flow | $60.5M | +5% | +22% |
| Free cash flow | $50.0M | +10% | +16% |
What changed
Revenue was $191.4M in Q1 FY26, up 12% year over year and up 2% from the previous quarter.
Operating profit was $82.3M, a 43.0% margin (up 7.8 points year over year). Of the extra revenue versus a year earlier, 109% reached operating profit, above the 35% margin then. Total costs fell 2% while revenue rose 12%. Net earnings were $64.2M, up 36% year over year. The effective tax rate was 22.0%.
Operating cash flow was $60.5M (up 22% year over year), 94% of net earnings. Non-cash charges added back $2.0M of share-based compensation. Working capital and other items used $5.8M. Capital expenditures of $10.4M left free cash flow of $50.0M.
Questions
What was Wafd's revenue in the first quarter fiscal 2026?
Wafd (WAFD) reported revenue of $191M for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and +2% from the quarter before.
Was Wafd profitable in the first quarter fiscal 2026?
Operating profit was $82.3M (43.0% of revenue) and net earnings $64.2M.
Source: Wafd 10-Q on SEC EDGAR.