MARKETS / NASDAQ / CASH

NASDAQ · NATIONAL COMMERCIAL BANKS · LARGE CAP

Pathward Financial, Inc. CASH

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$839.9M

▲ 5.3% YoY

Net income

$185.9M

▲ 1.4% YoY

Free cash flow

$438.9M

▼ 8.3% YoY

In brief

What this company does

Pathward Financial, Inc. is a nationwide provider of payments and commercial finance products with offices across the country. At September 30, 2025, its loans and leases receivable, net of allowance for credit losses, totaled $4.61 billion, or 64% of its total assets. As of September 30, 2025, it had 1,182 total employees, consisting of 1,177 full-time employees and 5 employees of other types. The Bank operates through three reportable segments, Consumer, Commercial, and Corporate Services/Other. The Consumer segment includes the Partner Solutions business line, which collaborates with partners to navigate payment and lending needs, with capabilities ranging from prepaid cards and deposit accounts to payment processing and consumer lending. The Commercial segment includes the Company's Commercial Finance business line, which helps businesses access funds they need to launch, operate, and grow, offering working capital, equipment finance, and structured finance. Pathward Financial was incorporated in Delaware on June 14, 1993.

Written from the business description in PATHWARD FINANCIAL, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 25 November 2025. Every sentence was checked against that document before publication.

Growth

USD 839.9M

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2025 · Revenue 839.9 · Net income 185.9

Compound annual growth

Revenue

+11.8%

+11.0%

Net income

+7.1%

+12.2%

+26.3%

+19.8%

EPS, diluted

+15.6%

+21.8%

Dividend / share

+0.0%

Returned to shareholders

−7.5%

−8.0%

+3.0%

+7.7%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +11.0% a year over five years — but profit grew faster: net income at +12.2%, earnings per share at +21.8%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

22 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 26.6% · Net 22.2%

ROE

FY2025 · ROE 22.1%

Gross margin—

Operating margin26.6%

Net margin22.2%

Return on assets2.5%

EBITDAUSD 282.8M

Each USD of equity produced 22 cents of profit this year.

Cash & shareholders

USD 4.7M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 438.9

Net buybacks $M Dividends $M

FY2025 · Dividends 4.7 · Net buybacks —

Dividends paidUSD 4.7M

Net buybacks—

Share of profit2.5%

Consecutive raises—

USD 4.7M in dividends — 3% of the year's profit went back to shareholders.

Total assetsUSD 7.2B

EquityUSD 858.0M

CashUSD 120.6M

Gross debtUSD 42.5M

Net debtUSD -78.1M

DepositsUSD 5.9B

The company holds more cash than debt.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.8	0.8	0.7	0.6	0.5	0.5	0.5	·	·	·	·	·	·	·	·	·	·
Operating income $B	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	·
EBITDA $B	0.3	0.3	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	·
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0
Net income $B	0.2	0.2	0.1	0.2	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0
Free cash flow $B	0.4	0.5	0.3	0.3	0.6	0.5	0.2	0.1	0.1	0.1	0.0	0.0	−0.0	0.1	0.0	0.0	0.0
EPS, diluted $	7.87	7.20	5.24	5.09	4.38	2.94	2.49	1.67	1.61	1.30	2.66	2.53	2.38	4.92	1.49	4.11	−0.56
Dividend / sh $	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.18	0.17	0.17	0.52	0.52	0.52	0.52	0.52	0.52	0.52
Payout %	3	3	4	4	5	7	8	11	11	13	19	20	22	11	35	12	−92
ROE %	22.1	25.4	22.9	20.1	16.5	12.4	12.2	8.8	11.7	11.0	8.1	9.9	9.3	15.1	6.1	20.8	−3.1
Shares out B	·	·	0.00	·	·	0.03	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.00	0.00	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 49 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 8 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityNational Commercial Banks

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsSeptember 30

Data on record since2009