WaFd, Inc.
Financial ServicesNASDAQ:WAFD · NASDAQ Global Select
+$0.50 today
Vol 0.41M · Avg 0.65M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$1.4B of revenue converted into $252.3M of net income for the selected period. Gross margin is 54.4% and net margin is 18.3%, showing how much revenue survives after costs and taxes. EPS is $3.11, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B -1.6% | $1.4B +30.8% | $1.1B +49.4% | $733.4M +12.4% | $652.6M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $693.0M -4.9% | $728.4M +84.8% | $394.2M +427.2% | $74.8M -14.1% | $87.0M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $717.7M +1.9% | $704.3M +0.5% | $701.1M +6.5% | $658.6M +16.4% | $565.6M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 50.9% +1.7pp | 49.2% -14.8pp | 64.0% -25.8pp | 89.8% +3.1pp | 86.7% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $327.2M +24.4% | $263.0M +21.5% | $216.6M +6.4% | $203.4M +6.8% | $190.5M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $427.5M -4.6% | $448.3M +19.2% | $376.0M +4.9% | $358.6M +7.9% | $332.5M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $9.7M -92.8% | $134.1M +483.8% | $23.0M -64.1% | $64.0M +88.9% | $33.9M | $374.2M | $1.2B | $631.8M |
| EBITDA | $299.4M -23.3% | $390.2M +12.1% | $348.0M -4.4% | $364.1M +36.3% | $267.1M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 21.2% -6.0pp | 27.2% -4.5pp | 31.8% -17.9pp | 49.6% +8.7pp | 40.9% | 5.6% | 46.3% | 42.0% |
| Operating Income | $289.6M +13.1% | $256.1M -21.2% | $325.1M +8.3% | $300.0M +28.7% | $233.1M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 20.5% +2.7pp | 17.9% -11.8pp | 29.7% -11.2pp | 40.9% +5.2pp | 35.7% | 16.6% | 24.1% | 22.0% |
| Interest Income | $1.3B -2.4% | $1.4B +31.5% | $1.0B +56.5% | $666.4M +12.6% | $591.6M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $685.2M -3.6% | $710.9M +101.5% | $352.7M +391.5% | $71.8M -17.0% | $86.5M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $289.6M +13.1% | $256.1M -21.2% | $325.1M +8.3% | $300.0M +28.7% | $233.1M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 20.5% +2.7pp | 17.9% -11.8pp | 29.7% -11.2pp | 40.9% +5.2pp | 35.7% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $63.6M +13.5% | $56.0M -17.2% | $67.7M +6.2% | $63.7M +28.6% | $49.5M | $1.3B | -$1.6B | $745.2M |
| Net Income | $226.1M +13.0% | $200.0M -22.3% | $257.4M +8.9% | $236.3M +28.7% | $183.6M | $4.9B | $4.8B | $4.7B |
| Net Margin | 16.0% +2.1pp | 14.0% -9.5pp | 23.5% -8.7pp | 32.2% +4.1pp | 28.1% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $3 +5.6% | $3 -32.8% | $4 +9.4% | $3 +42.3% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $3 +5.2% | $3 -32.8% | $4 +9.7% | $3 +41.8% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $80.2M +8.0% | $74.2M +13.9% | $65.2M -0.1% | $65.3M -10.0% | $72.5M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $80.3M +8.0% | $74.3M +13.8% | $65.3M -0.2% | $65.4M -9.9% | $72.6M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Western Alliance Bancorporation
NYSE:WAL
$9.14B
First Financial Bancorp.
NASDAQ:FFBC
$3.39B
Park National Corporation
AMEX:PRK
$3.26B
Provident Financial Services, Inc.
NYSE:PFS
$3.06B
CVB Financial Corp.
NASDAQ:CVBF
$2.88B
TowneBank
NASDAQ:TOWN
$2.73B
Trustmark Corporation
NASDAQ:TRMK
$2.69B
Customers Bancorp, Inc.
NYSE:CUBI
$2.65B
NBT Bancorp Inc.
NASDAQ:NBTB
$2.51B
Banner Corporation
NASDAQ:BANR
$2.28B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does WAFD generate?
WaFd, Inc. (WAFD) reported $1.41B of revenue in fiscal 2025.
Is WAFD profitable?
WaFd, Inc. (WAFD) reported $226.07M of net income, with a net margin of 16.0%.
Explore More
Continue the stock analysis
Jump to another research area for this company.