| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 276.30 | 59.6% | 0.6% |
| Total Income | 276.30 | 59.6% | 0.6% |
| Expenditure | 189.22 | 44.7% | 3.0% |
| PBT | 87.23 | 104.5% | 4.5% |
| Net Profit | 72.91 | 107.3% | 2.7% |
| OPM | — | ||
| NPM | 26.39% | 6.07pp | 0.89pp |
| EPS | 3.37 | 114.7% | 6.7% |
Pathward Financial Reports Q2 FY26 Net Income of $72.9 Million
23 Apr 2026 · 23 Apr, 1:35 am
Summary
Pathward Financial, Inc. reported its Q2 FY26 results, with a net income of $72.9 million, or $3.35 per share. Total revenue was $276.3 million, driven by a 9% increase in noninterest income. New loan originations, excluding tax services, increased significantly. Net interest income decreased by 8% to $125.1 million, while noninterest income increased by 9% to $151.2 million. CEO Brett Pharr noted the company's progress on its goals and the strong performance of tax-related products.
Key Highlights
- 1
Pathward Financial reported a net income of $72.9 million, or $3.35 per share, for Q2 FY26.
- 2
Total revenue reached $276.3 million, driven by a 9% increase in noninterest income.
- 3
New loan originations, excluding tax services, increased to $1.31 billion from $902 million.
- 4
Total tax services product revenue increased by 13% to $95.7 million.
- 5
Net interest income decreased by 8% to $125.1 million compared to the same quarter in fiscal 2025.
- 6
Noninterest income increased by 9% to $151.2 million compared to the prior year.
- 7
The company repurchased 855,201 shares of common stock at an average price of $84.15.
Management Comments
Brett Pharr
At the midpoint of our fiscal year, we continue to make good progress on our goals and execute on our long-term strategy — being the trusted platform that enables our partners to thrive. Our tax season is going very well with tax-related products leading the way in revenue growth for the quarter. Additionally, new and existing partnerships announced last year are developing nicely and the Partner Solutions pipeline remains robust. Net interest income from our commercial finance loans also increased significantly as well. All in all, our core businesses remain healthy and we are pleased with the results achieved in the quarter.
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