What is Washington Fed's earnings per share (EPS)?

Washington Fed (WAFD) reported diluted earnings per share of $2.63 for fiscal year 2025. This represents a 5.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Washington Fed (WAFD) Financials

WAFD

Trailing 12 months to June 30, 2026

Revenue $782.6M +7.8% YoY

Net Income $256.5M +13.2% YoY

EPS (Diluted) $3.17 +20.1% YoY

Free Cash Flow $227.0M -10.0% YoY

Market Cap $2.7B as of Sep 3, 2026

Price / Sales 3.4x on $782.6M revenue, trailing 12 months to June 30, 2026

Price / Earnings 10.4x on $256.5M net income, trailing 12 months to June 30, 2026

Price / Book 0.9x on $3.0B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Aug 4, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WAFD SEC filings page.

Washington Fed (WAFD) reported $782.6M in revenue over the twelve months to Jun 30, 2026, up 7.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WAFD FY2025 2026-08-29

A highly leveraged balance sheet turns modest asset yields into recurring earnings while leverage gradually eases.

In FY2025, net income recovered to $226.1M while total assets contracted, so the improvement came from better earnings efficiency rather than balance-sheet expansion. That efficiency also lifted ROA to 0.9% and reduced debt-to-equity to 7.8x, indicating recovery without heavier balance-sheet dependence.

Liabilities of $23.7B sit against $3.0B of equity, revealing an obligation-funded structure. FY2025 ROE was 7.4%, below FY2023's 10.6%, showing that the larger equity base has not yet restored earlier shareholder returns.

Operating cash flow was unusually above net income in FY2024, then nearly matched it in FY2025 at $237.0M and $226.1M. With free cash flow at $208.2M after $28.7M of capital spending, FY2025 earnings remained largely cash-backed rather than being absorbed by reinvestment.

Financial Health Signals

Financial Health Score 39/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Washington Fed's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Washington Fed earned a return on assets of 0.9% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 0.7% the prior year. Earnings ranks banks on that return over three years, and Washington Fed scores 49/100 among other banks.

Growth

Washington Fed reported revenue of $725.5M in fiscal year 2025, against $721.5M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Washington Fed scores 10/100 among other banks.

Capital

Washington Fed funded 11.4% of its assets with shareholders' equity at the end of fiscal year 2025, holding $3.0B of equity against $26.7B of assets. Capital ranks banks on that cushion, and Washington Fed scores 51/100 among other banks.

Efficiency

Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Washington Fed scores 42/100 on it among other banks.

Credit Quality

Not available for Washington Fed, and counted as zero in the overall score.

Stability

Washington Fed reported net income of $226.1M in fiscal year 2025, against $200.0M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Washington Fed scores 84/100 among other banks.

Piotroski F-Score Partial

6/6

Washington Fed passes 6 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.05x

For every $1 of reported earnings, Washington Fed generates $1.05 in operating cash flow ($237.0M OCF vs $226.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$205.5M

YoY+10.3%

QoQ+4.1%

5Y CAGR+7.7%

10Y CAGR+6.0%

Washington Fed generated $205.5M in revenue in Q3 2026. This represents an increase of 10.3% from the same quarter a year earlier. Against the prior quarter it is up 4.1%.

Net Income

$66.1M

YoY+6.7%

QoQ+0.9%

5Y CAGR+6.9%

10Y CAGR+4.4%

Washington Fed reported $66.1M in net income in Q3 2026. This represents an increase of 6.7% from the same quarter a year earlier. Against the prior quarter it is up 0.9%.

EPS (Diluted)

$0.84

YoY+15.1%

QoQ+2.4%

5Y CAGR+6.6%

10Y CAGR+6.0%

Washington Fed earned $0.84 per diluted share (EPS) in Q3 2026. This represents an increase of 15.1% from the same quarter a year earlier. Against the prior quarter it is up 2.4%.

EBITDA

Not reported for Q3 2026.

Cash & Balance Sheet

Free Cash Flow

$63.4M

YoY+19.4%

QoQ-6.8%

Washington Fed generated $63.4M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 19.4% from the same quarter a year earlier. Against the prior quarter it is down 6.8%.

Cash & Debt

$676.5M

YoY-16.4%

QoQ+1.0%

5Y CAGR-21.4%

10Y CAGR+2.5%

Washington Fed held $676.5M in cash as of Q3 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.27

YoY0.0%

QoQ0.0%

5Y CAGR+3.3%

10Y CAGR+6.8%

Washington Fed paid $0.27 per share in dividends in Q3 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

74M

YoY-6.1%

QoQ+0.1%

5Y CAGR+1.7%

10Y CAGR-2.0%

Washington Fed had 74M shares outstanding in Q3 2026. This represents a decrease of 6.1% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Margins & Returns

Net Margin

32.2%

YoY-1.1pp

QoQ-1.0pp

5Y CAGR-1.3pp

10Y CAGR-5.3pp

Washington Fed's net profit margin was 32.2% in Q3 2026, showing the share of revenue converted to profit. This is down 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.

Return on Equity

2.2%

YoY+0.1pp

QoQ0.0pp

5Y CAGR+0.1pp

10Y CAGR0.0pp

Washington Fed's ROE was 2.2% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.

Gross Margin

Not reported for Q3 2026.

Operating Margin

Not reported for Q3 2026.

Capital Allocation

Share Buybacks

$319K

YoY-99.3%

QoQ-99.6%

5Y CAGR-69.4%

10Y CAGR-35.5%

Washington Fed spent $319K on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.3% from the same quarter a year earlier. Against the prior quarter it is down 99.6%.

Capital Expenditures

$6.9M

YoY+40.2%

QoQ-39.4%

Washington Fed invested $6.9M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 40.2% from the same quarter a year earlier. Against the prior quarter it is down 39.4%.

R&D Spending

Not reported for Q3 2026.

WAFD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WAFD quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$782.6M	$725.5M+0.5%	$721.5M-2.8%	$742.4M+12.3%	$661.0M+16.8%	$565.7M+1.7%	$556.5M+2.4%	$543.4M+5.3%	$516.2M+6.6%	$484.1M+3.6%	$467.3M+2.9%	$453.9M+4.0%	$436.3M-18.9%	$538.2M+30.2%	$413.5M-38.3%	$670.6M
SG&A Expenses	$224.7M	$222.1M-5.1%	$234.1M+19.1%	$196.5M+1.3%	$193.9M+10.1%	$176.1M+19.3%	$147.6M+10.5%	$133.6M+8.1%	$123.6M+10.1%	$112.3M-0.6%	$112.9M-5.9%	$119.9M+9.3%	$109.7M+20.8%	$90.8M+17.0%	$77.6M+7.8%	$72.0M
Interest Expense	$606.0M	$685.2M-3.6%	$710.9M+101.5%	$352.7M+391.5%	$71.8M-17.0%	$86.5M-43.0%	$151.8M-20.3%	$190.4M+41.1%	$134.9M+15.3%	$117.0M+0.4%	$116.5M-0.5%	$117.1M-8.6%	$128.1M-5.9%	$136.2M-29.5%	$193.2M-15.1%	$227.7M
Income Tax	$71.6M	$63.6M+13.5%	$56.0M-17.2%	$67.7M+6.2%	$63.7M+28.6%	$49.5M+8.3%	$45.7M-12.9%	$52.5M-1.6%	$53.4M-35.4%	$82.7M-1.7%	$84.1M-5.7%	$89.2M+1.9%	$87.6M+5.4%	$83.1M+6.9%	$77.7M+24.3%	$62.5M
Net Income	$256.5M	$226.1M+13.0%	$200.0M-22.3%	$257.4M+8.9%	$236.3M+28.7%	$183.6M+5.9%	$173.4M-17.5%	$210.3M+3.1%	$203.8M+17.5%	$173.5M+5.8%	$164.0M+2.3%	$160.3M+1.9%	$157.4M+3.9%	$151.5M+9.6%	$138.2M+24.3%	$111.1M
EPS (Basic)	N/A	$2.64+5.6%	$2.50-32.8%	$3.72+9.4%	$3.40+42.3%	$2.39+5.8%	$2.26-13.4%	$2.61+8.8%	$2.40+23.1%	$1.95+8.9%	$1.79+6.5%	$1.68+7.7%	$1.56+7.6%	$1.45+12.4%	$1.29+29.0%	$1.00
EPS (Diluted)	$3.17	$2.63+5.2%	$2.50-32.8%	$3.72+9.7%	$3.39+41.8%	$2.39+5.8%	$2.26-13.4%	$2.61+8.8%	$2.40+23.7%	$1.94+9.0%	$1.78+6.6%	$1.67+7.7%	$1.55+6.9%	$1.45+12.4%	$1.29+29.0%	$1.00
Diluted Shares (Avg)	N/A	80M+8.0%	74M+13.8%	65M-0.2%	65M-9.9%	73M-5.4%	77M-4.7%	80M-5.4%	85M-4.6%	89M-2.9%	92M-4.3%	96M-5.4%	102M-3.1%	105M-2.2%	107M-3.9%	111M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$205.5M+10.3%	$197.4M+9.8%	$191.4M+11.8%	$188.3M-0.2%	$186.3M-4.2%	$179.8M+4.5%	$171.1M+2.8%	$188.7M+6.0%
SG&A Expenses	$57.4M+7.3%	$57.1M+8.4%	$54.2M-9.6%	$56.0M+3.8%	$53.5M-6.5%	$52.7M-27.9%	$59.9M+20.2%	$54.0M+18.5%
Interest Expense	$150.8M-7.9%	$147.2M-16.0%	$151.4M-20.2%	$156.6M-22.2%	$163.7M-23.8%	$175.2M+9.3%	$189.7M+40.9%	$201.3M+70.6%
Income Tax	$18.2M+2.3%	$18.3M+15.9%	$18.1M+39.4%	$17.0M-12.8%	$17.8M-2.0%	$15.8M+210.6%	$13.0M-1.9%	$19.5M+119.1%
Net Income	$66.1M+6.7%	$65.5M+16.5%	$64.2M+35.8%	$60.6M-0.9%	$62.0M-4.0%	$56.3M+254.1%	$47.3M-19.1%	$61.1M+21.8%
EPS (Basic)	$0.85+16.4%	$0.82+26.2%	$0.79+46.3%	$0.73+1.4%	$0.73-2.7%	$0.65+282.4%	$0.54-36.5%	$0.720.0%
EPS (Diluted)	$0.84+15.1%	$0.82+26.2%	$0.79+46.3%	$0.720.0%	$0.73-2.7%	$0.65+282.4%	$0.54-36.5%	$0.720.0%
Diluted Shares (Avg)	74M-7.3%	76M-6.8%	77M-5.4%	N/A	80M-1.8%	81M+15.6%	81M+26.6%	N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

WAFD Balance Sheet

WAFD quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$26.7B-4.8%	$28.1B+24.9%	$22.5B+8.2%	$20.8B+5.7%	$19.7B+4.6%	$18.8B+14.1%	$16.5B+3.8%	$15.9B+4.0%	$15.3B+2.5%	$14.9B+2.2%	$14.6B-1.3%	$14.8B+12.8%	$13.1B+4.9%	$12.5B-7.2%	$13.4B
Cash & Equivalents	$657.3M-72.4%	$2.4B+142.8%	$980.6M+43.4%	$684.0M-67.3%	$2.1B+22.8%	$1.7B+306.3%	$419.2M+56.0%	$268.6M-14.2%	$313.1M-30.5%	$450.4M+58.6%	$284.0M-63.7%	$781.8M+284.1%	$203.6M-72.9%	$751.4M-7.9%	$816.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$414.7M+0.8%	$411.4M+35.0%	$304.8M+0.4%	$303.5M0.0%	$303.5M+0.2%	$302.7M+0.4%	$301.4M0.0%	$301.4M+2.8%	$293.2M+0.6%	$291.5M0.0%	$291.5M0.0%	$291.5M+12.0%	$260.3M+3.4%	$251.7M0.0%	$251.7M
Total Liabilities	$23.7B-5.6%	$25.1B+25.0%	$20.0B+8.4%	$18.5B+5.6%	$17.5B+4.4%	$16.8B+16.2%	$14.4B+4.1%	$13.9B+4.7%	$13.2B+2.6%	$12.9B+2.4%	$12.6B-1.3%	$12.8B+14.7%	$11.1B+5.4%	$10.6B-8.3%	$11.5B
Total Equity	$3.0B+1.3%	$3.0B+23.7%	$2.4B+6.7%	$2.3B+7.0%	$2.1B+5.6%	$2.0B-0.9%	$2.0B+1.8%	$2.0B-0.4%	$2.0B+1.5%	$2.0B+1.0%	$2.0B-0.9%	$2.0B+1.8%	$1.9B+2.0%	$1.9B-0.4%	$1.9B
Retained Earnings	$2.1B+6.4%	$2.0B+6.0%	$1.9B+10.6%	$1.7B+10.5%	$1.5B+7.6%	$1.4B+6.4%	$1.3B+12.4%	$1.2B+14.0%	$1.0B+10.5%	$943.9M+13.8%	$829.8M+17.5%	$706.1M+18.8%	$594.5M+23.6%	$480.8M+27.6%	$376.7M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$27.6B+3.2%	$27.6B-0.3%	$27.3B-1.4%	$26.7B-4.8%	$26.7B-6.5%	$27.6B-8.3%	$27.7B+22.3%	$28.1B+24.9%
Cash & Equivalents	$676.5M-16.4%	$669.8M-45.6%	$734.9M-51.3%	$657.3M-72.4%	$809.3M-67.5%	$1.2B-18.2%	$1.5B+31.7%	$2.4B+142.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$418.4M+0.9%	$418.4M+0.9%	$416.2M+0.4%	$414.7M+0.8%	$414.7M+0.6%	$414.7M+0.8%	$414.7M+35.9%	$411.4M+35.0%
Total Liabilities	$24.6B+3.6%	$24.6B-0.1%	$24.3B-1.6%	$23.7B-5.6%	$23.7B-7.4%	$24.6B-9.6%	$24.7B+22.2%	$25.1B+25.0%
Total Equity	$3.0B+0.3%	$3.0B-1.7%	$3.0B+0.3%	$3.0B+1.3%	$3.0B+1.9%	$3.0B+3.8%	$3.0B+23.2%	$3.0B+23.7%
Retained Earnings	$2.2B+7.8%	$2.2B+7.6%	$2.1B+7.2%	$2.1B+6.4%	$2.1B+6.6%	$2.0B+6.8%	$2.0B+5.0%	$2.0B+6.0%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

WAFD Cash Flow Statement

WAFD quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$267.5M	$237.0M-46.1%	$439.2M+105.3%	$214.0M-20.3%	$268.5M-14.6%	$314.5M+88.7%	$166.6M-28.8%	$234.1M+22.7%	$190.7M+6.1%	$179.7M-19.0%	$221.7M+55.2%	$142.9M-17.8%	$173.7M-4.2%	$181.4M+3.7%	$175.0M-33.1%	$261.7M
Depreciation & Amortization	N/A	$9.7M-92.8%	$134.1M+483.8%	$23.0M-64.1%	$64.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Stock-Based Compensation	N/A	$8.5M-7.2%	$9.2M+16.0%	$7.9M+16.2%	$6.8M+6.7%	$6.4M-1.4%	$6.5M+22.9%	$5.3M+10.4%	$4.8M-19.3%	$5.9M+65.6%	$3.6M+0.2%	$3.6M+999.1%	$324K-31.5%	$473K-44.2%	$848K-22.0%	$1.1M
Capital Expenditures	$40.5M	$28.7M+16.3%	$24.7M+63.9%	$15.1M+27.8%	$11.8M-60.0%	$29.5M-7.7%	$31.9M-10.1%	$35.5M+31.0%	$27.1M+75.5%	$15.5M-63.0%	$41.8M-10.1%	$46.4M-10.3%	$51.8M+77.1%	$29.2M-8.6%	$32.0M+203.7%	$10.5M
Free Cash Flow	$227.0M	$208.2M-49.8%	$414.6M+108.4%	$198.9M-22.5%	$256.7M-9.9%	$285.0M+111.6%	$134.7M-32.2%	$198.5M+21.4%	$163.6M-0.4%	$164.2M-8.7%	$179.9M+86.6%	$96.4M-20.9%	$121.9M-19.9%	$152.2M+6.5%	$142.9M-43.1%	$251.2M
Investing Cash Flow	-$1.0B	-$318.4M-109.7%	$3.3B+338.6%	-$1.4B+44.7%	-$2.5B-330.0%	-$579.7M+37.1%	-$921.0M-118.6%	-$421.4M+37.5%	-$674.4M-23.9%	-$544.5M-315.5%	-$131.1M+54.9%	-$290.5M-137.2%	$781.0M+299.3%	-$391.9M-137.2%	$1.1B+742.8%	-$164.0M
Financing Cash Flow	$603.2M	-$1.6B+29.4%	-$2.3B-259.2%	$1.5B+78.6%	$817.9M+25.2%	$653.1M-68.0%	$2.0B+503.3%	$337.8M-23.1%	$439.3M+93.1%	$227.5M+200.7%	$75.7M+121.6%	-$350.2M+7.0%	-$376.5M-11.6%	-$337.4M+73.9%	-$1.3B-659.8%	-$170.3M
Dividends Paid	$81.0M	$84.6M+14.0%	$74.3M+16.4%	$63.8M+3.6%	$61.6M-6.5%	$65.9M-0.9%	$66.5M+5.0%	$63.3M+13.1%	$56.0M-24.9%	$74.5M+49.3%	$49.9M-2.3%	$51.1M+21.5%	$42.1M+11.2%	$37.8M+16.7%	$32.4M+26.2%	$25.7M
Share Buybacks	$174.4M	$101.9M+276.6%	$27.1M-11.1%	$30.5M+834.4%	$3.3M-99.1%	$348.7M+210.9%	$112.1M-9.5%	$123.9M-24.6%	$164.2M+67.0%	$98.4M+12.0%	$87.8M-30.7%	$126.7M+21.5%	$104.3M-5.4%	$110.2M+163.0%	$41.9M-29.8%	$59.7M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$70.3M+21.1%	$79.4M+10.0%	$60.5M+22.4%	$57.4M-40.6%	$58.0M-8.1%	$72.1M-57.4%	$49.4M-55.2%	$96.6M+16.6%
Depreciation & Amortization	$6.0M+144.7%	$8.6M+143.2%	-$1.6M-103.5%	-$1.2M+97.9%	-$13.5M-16.8%	-$19.9M-108.7%	$44.4M+300.7%	-$60.0M-922.2%
Stock-Based Compensation	N/A	N/A	$2.0M+10.5%	N/A	N/A	N/A	$1.9M-19.3%	N/A
Capital Expenditures	$6.9M+40.2%	$11.4M+105.4%	$10.4M+62.0%	$11.8M+63.6%	$4.9M+1.5%	$5.6M+25.4%	$6.4M-21.3%	$7.2M+87.2%
Free Cash Flow	$63.4M+19.4%	$68.0M+2.1%	$50.0M+16.4%	$45.6M-49.0%	$53.1M-8.9%	$66.6M-59.6%	$43.0M-57.9%	$89.4M+13.1%
Investing Cash Flow	-$42.0M-109.0%	-$391.1M-82.8%	-$511.7M+0.6%	-$58.8M-116.2%	$468.9M-81.4%	-$214.0M-144.6%	-$514.6M-624.5%	$362.9M+497.1%
Financing Cash Flow	-$21.6M+97.7%	$246.6M+283.4%	$528.8M+229.5%	-$150.6M+73.6%	-$949.1M+40.4%	-$134.4M+53.4%	-$408.2M-426.9%	-$571.0M-279.5%
Dividends Paid	$19.7M-7.4%	$20.2M-6.8%	$20.4M-2.7%	$20.9M0.0%	$21.2M+1.5%	$21.6M+31.2%	$20.9M+30.9%	$20.9M+30.7%
Share Buybacks	$319K-99.3%	$87.2M+308.6%	$58.0M+1601.4%	$28.8M+11435.6%	$48.3M+408.1%	$21.3M+8792.1%	$3.4M-80.0%	$250K+1823.1%

WAFD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WAFD quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	31.2%+3.4pp	27.7%-7.0pp	34.7%-1.1pp	35.8%+3.3pp	32.5%+1.3pp	31.2%-7.5pp	38.7%-0.8pp	39.5%+3.6pp	35.8%+0.7pp	35.1%-0.2pp	35.3%-0.8pp	36.1%+7.9pp	28.1%-5.3pp	33.4%+16.8pp	16.6%
Return on Equity	7.4%+0.8pp	6.7%-3.9pp	10.6%+0.2pp	10.4%+1.8pp	8.6%0.0pp	8.6%-1.7pp	10.3%+0.1pp	10.2%+1.6pp	8.6%+0.3pp	8.3%+0.1pp	8.2%+0.2pp	8.0%+0.1pp	7.8%+0.6pp	7.3%+1.4pp	5.8%
Return on Assets	0.9%+0.1pp	0.7%-0.4pp	1.1%0.0pp	1.1%+0.2pp	0.9%0.0pp	0.9%-0.4pp	1.3%0.0pp	1.3%+0.1pp	1.1%0.0pp	1.1%0.0pp	1.1%0.0pp	1.1%-0.1pp	1.2%0.0pp	1.1%+0.3pp	0.8%
Debt-to-Equity	7.78-0.6x	8.35+0.1x	8.26+0.1x	8.13-0.1x	8.24-0.1x	8.33+1.2x	7.10+0.2x	6.95+0.3x	6.61+0.1x	6.54+0.1x	6.450.0x	6.48+0.7x	5.75+0.2x	5.57-0.5x	6.05
Asset Turnover	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.040.0x	0.030.0x	0.05
FCF Margin	28.7%-28.8pp	57.5%+30.7pp	26.8%-12.0pp	38.8%-11.6pp	50.4%+26.2pp	24.2%-12.3pp	36.5%+4.8pp	31.7%-2.2pp	33.9%-4.6pp	38.5%+17.3pp	21.3%-6.7pp	28.0%-0.3pp	28.3%-6.3pp	34.6%-2.9pp	37.5%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Net Margin	32.2%-1.1pp	33.2%+1.9pp	33.6%+5.9pp	32.2%-0.2pp	33.3%+0.1pp	31.3%+22.1pp	27.6%-7.5pp	32.4%+4.2pp
Return on Equity	2.2%+0.1pp	2.2%+0.3pp	2.1%+0.6pp	2.0%-0.1pp	2.1%-0.1pp	1.8%+1.3pp	1.6%-0.8pp	2.0%0.0pp
Return on Assets	0.2%0.0pp	0.2%0.0pp	0.2%+0.1pp	0.2%0.0pp	0.2%0.0pp	0.2%+0.1pp	0.2%-0.1pp	0.2%0.0pp
Debt-to-Equity	8.13+0.3x	8.25+0.1x	8.01-0.2x	7.78-0.6x	7.87-0.8x	8.12-1.2x	8.16-0.1x	8.35+0.1x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x
FCF Margin	30.8%+2.3pp	34.4%-2.6pp	26.2%+1.0pp	24.2%-23.2pp	28.5%-1.5pp	37.0%-58.8pp	25.1%-36.2pp	47.4%+3.0pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Washington Fed WAFD	FY2025	$725.5M	$226.1M	31.2%	$2.7B	39/100
First Financial Bancorp FFBC	FY2025	$1.0B	$256K	0.0%	$3.4B	51/100
Pacific Premier Bancorp PPBI	FY2024	$822.6M	$158.8M	19.3%	$2.4B	55/100
Trustmark Corp TRMK	FY2025	$948.6M	$224.1M	23.6%	$2.6B	40/100
First Merchants Corp FRME	FY2025	$924.8M	$226.0M	24.4%	$2.6B	67/100
Bank of Hi Corp BOH	FY2025	$716.6M	$205.9M	28.7%	$3.0B	40/100

Where Washington Fed Ranks

Frequently Asked Questions

What is Washington Fed's annual revenue?

Washington Fed (WAFD) reported $725.5M in total revenue for fiscal year 2025. This represents a 0.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Washington Fed's revenue growing?

Washington Fed (WAFD) revenue grew by 0.5% year-over-year, from $721.5M to $725.5M in fiscal year 2025.

Is Washington Fed profitable?

Yes, Washington Fed (WAFD) reported a net income of $226.1M in fiscal year 2025, with a net profit margin of 31.2%.

What is Washington Fed's net profit margin?

Washington Fed (WAFD) had a net profit margin of 31.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Washington Fed pay dividends?

Yes, Washington Fed (WAFD) paid $1.07 per share in dividends during fiscal year 2025.

What is Washington Fed's return on equity (ROE)?

Washington Fed (WAFD) has a return on equity of 7.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Washington Fed's free cash flow?

Washington Fed (WAFD) generated $208.2M in free cash flow during fiscal year 2025. This represents a -49.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Washington Fed's operating cash flow?

Washington Fed (WAFD) generated $237.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Washington Fed's total assets?

Washington Fed (WAFD) had $26.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Washington Fed's capital expenditures?

Washington Fed (WAFD) invested $28.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Washington Fed buy back shares?

Yes, Washington Fed (WAFD) spent $101.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Washington Fed have outstanding?

Washington Fed (WAFD) had 77M shares outstanding as of fiscal year 2025.

What is Washington Fed's debt-to-equity ratio?

Washington Fed (WAFD) had a debt-to-equity ratio of 7.78 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Washington Fed's return on assets (ROA)?

Washington Fed (WAFD) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Washington Fed's P/E ratio?

Washington Fed (WAFD) trades at 10.4x earnings, its market capitalization divided by net income of $256.5M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.7B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Washington Fed's price-to-sales ratio?

Washington Fed (WAFD) trades at 3.4x sales, its market capitalization divided by revenue of $782.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.7B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Washington Fed's Piotroski F-Score?

Washington Fed (WAFD) has a Piotroski F-Score of 6 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Washington Fed's earnings high quality?

Washington Fed (WAFD) has an earnings quality ratio of 1.05x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Washington Fed?

Washington Fed (WAFD) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.