WAFD
WaFd, Inc.
WAFD's fundamentals are mixed: revenue grew 7.8%, while its operating margin rose 2 points to 42%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
WAFD Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
WAFD's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like WAFD.
WAFD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.7x | $27.59 | -5.7% |
| Forward | 8.9x | $29.27 | — |
| Current | 9.1x | $29.27 | — |
| Fair | 11x | $35.52 | +21% |
| Expensive | 14x | $44.57 | +52% |
Historical ranges are pointers, not guarantees.
WAFD's PE is 9.1x, but its earnings don't support one, so it isn't a reliable read right now.
WAFD Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Low |
Analysts expect WAFD's earnings, revenue and profitability to hold roughly steady. However, they disagree widely on these estimates.
WAFD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.28 | +3.7% |
| Q2 2026 | $3.16 | +19% |
| Q1 2026 | $3.05 | +14% |
| Q4 2025 | $2.88 | +32% |
| Q3 2025 | $2.63 | +5.2% |
| Q2 2025 | $2.65 | +6.4% |
| Q1 2025 | $2.67 | +1.5% |
| Q4 2024 | $2.19 | -36% |
| Q3 2024 | $2.50 | -33% |
WAFD earned $3.16 per share over the past year, up 19% from the year before.
WAFD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $205.5M | +10% |
| Q1 2026 | $197.4M | +9.8% |
| Q4 2025 | $191.4M | +12% |
| Q3 2025 | $188.3M | -0.2% |
| Q2 2025 | $186.3M | -4.2% |
| Q1 2025 | $179.8M | +4.5% |
| Q4 2024 | $171.1M | +2.8% |
| Q3 2024 | $188.7M | +6% |
WAFD's revenue has picked up after two years of holding roughly level: $206M last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 41% | -1.8 points |
| Q1 2026 | 42% | +2.4 points |
| Q4 2025 | 43% | +7.8 points |
| Q3 2025 | 41% | -1.5 points |
| Q2 2025 | 43% | +0.3 points |
| Q1 2025 | 40% | +28 points |
| Q4 2024 | 35% | -7.9 points |
| Q3 2024 | 43% | +9.5 points |
WAFD's operating margin was 41% last quarter, down 1.8 points from the same quarter a year ago.
WAFD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $63.4M | +19% |
| Q1 2026 | $68M | +2.1% |
| Q4 2025 | $50M | +16% |
| Q3 2025 | $45.6M | -49% |
| Q2 2025 | $53.1M | -8.9% |
| Q1 2025 | $66.6M | -60% |
| Q4 2024 | $43M | -58% |
| Q2 2024 | $58.3M | +189% |
WAFD's free cash flow was $227M over the past year, down 10% from the year before. Free cash flow isn't a meaningful measure for financial services companies like WAFD.
WAFD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2% | -1.5M shares |
| 1 year | -7.3% | -5.9M shares |
| 3 years | +14% | +8.8M shares |
| 5 years | +3% | +2.1M shares |
| Available history | -8% | -6.4M shares |
WAFD has 74M diluted shares, down 7.3% from a year ago, with $174M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $319,000 |
| Q1 2026 | $87.2M |
| Q4 2025 | $58M |
| Q3 2025 | $28.8M |
| Q2 2025 | $48.3M |
| Q1 2025 | $21.3M |
| Q4 2024 | $3.4M |
| Q3 2024 | $250,000 |
WAFD spent $174M buying back its own shares over the past year, up 138% from the year before.
WAFD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -2.0x | Net Cash |
| Q1 2026 | -2.1x | Net Cash |
| Q4 2025 | -2.6x | Net Cash |
| Q3 2025 | 3.7x | Elevated |
| Q2 2025 | -3.3x | Net Cash |
| Q1 2025 | -5.0x | Net Cash |
| Q4 2024 | -3.4x | Net Cash |
| Q3 2024 | -0.4x | Net Cash |
WAFD has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like WAFD.
WAFD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.2 | Oversold |
| Stochastic | 12.3 | Oversold |
WAFD's weekly RSI is 29 (oversold) and its Stochastic is 12 (oversold).
WAFD PE vs Financial Services Sector
| Metric | WAFD | Sector median | Relative |
|---|---|---|---|
| PE | 9.1x | 13x | 30% below |
| PE % | 21 | 63 | 42 pts below |
WAFD is trading at 9.1x earnings, a 30% discount to the Financial Services sector's median of 13x, though its earnings don't support one.
WAFD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.8 | 1.7% below |
| 20 week MA | $33.8 | 13% below |
| 50 week MA | $33.7 | 13% below |
| 100 week MA | $31.7 | 7.5% below |
| 200 week MA | $31.0 | 5.5% below |
WAFD is in a downtrend: it's below all five of its weekly moving averages, and 5.5% below its 200-week average.
WAFD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.8 | $25.6 | -31% |
| 2021 | $25.6 | $33.0 | +29% |
| 2022 | $33.0 | $34.1 | +3.3% |
| 2023 | $34.1 | $33.0 | -3.2% |
| 2024 | $33.0 | $32.6 | -1.1% |
| 2025 | $32.6 | $33.1 | +1.4% |
| 2026 YTD | $33.1 | $29.3 | -11% |
WAFD has finished lower in three of the last six years. It's down 11% so far in 2026.