TFSL

MKT CAP:$4B

TFS Financial Corporation

Market Cap

$4B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$14.68+$1.11 (+8.18%)

Apr 24, 2026

Company Details

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as ...

CEO

Marc A. Stefanski

IPO Date

Apr 23, 2007

Website

www.thirdfederal.com

Key Metrics TTM

Revenue

$805M

+4.7% YoY

Net Income

$91M

EPS (Diluted)

$0.32

Free Cash Flow

$83M

Revenue / Share

$2.84

Gross Margin

40.7%

Operating Margin

14.3%

Net Margin

11.3%

FCF Margin

10.3%

P/S

5.1x

P/E

45.6x

Earnings Reports

Q2 2026

Apr 29, 2026

PENDING

Q1 2026

Feb 5, 2026

$206M+6.5%EPS $0.08

FY 2025

Nov 25, 2025

$792M+4.4%EPS $0.32

Q4 2025

Nov 25, 2025

$207M+6.3%EPS $0.09

Q3 2025

Aug 7, 2025

$198M+3.8%EPS $0.08

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$99M	$69M	$19M
Q3 22	$108M	$73M	$21M
Q4 22	$125M	$80M	$31M
Q1 23	$144M	$81M	$28M
Q2 23	$153M	$76M	$20M
Q3 23	$163M	$75M	$22M
Q4 23	$174M	$75M	$23M
Q1 24	$183M	$76M	$26M
Q2 24	$189M	$78M	$26M
Q3 24	$191M	$76M	$25M
Q4 24	$195M	$74M	$23M
Q1 25	$193M	$76M	$28M
Q2 25	$193M	$78M	$27M
Q3 25	$198M	$81M	$27M
Q4 25	$207M	$84M	$32M
Q1 26	$206M	$85M	$28M

Valuation

Quarter	P/S	P/E
Q2 22	10.2x	63.7x
Q3 22	10.1x	62.6x
Q4 22	9.6x	55.5x
Q1 23	8.7x	51.4x
Q2 23	7.8x	51.3x
Q3 23	7.1x	51.0x
Q4 23	6.5x	55.0x
Q1 24	6.2x	56.1x
Q2 24	5.8x	52.7x
Q3 24	5.6x	51.2x
Q4 24	5.5x	52.0x
Q1 25	5.4x	50.9x
Q2 25	5.4x	50.7x
Q3 25	5.3x	49.8x
Q4 25	5.2x	45.5x
Q1 26	5.1x	45.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$33M	$33M
Q3 22	$10M	$10M
Q4 22	-$12M	-$13M
Q1 23	$79M	$77M
Q2 23	-$36M	-$36M
Q3 23	$34M	$32M
Q4 23	$14M	$13M
Q1 24	$36M	$36M
Q2 24	$14M	$13M
Q3 24	$97M	$96M
Q4 24	-$59M	-$59M
Q1 25	$46M	$45M
Q2 25	$21M	$14M
Q3 25	$27M	$25M
Q4 25	-$11M	-$13M
Q1 26	$59M	$57M

Capital Expenditures

Quarter	CapEx
Q2 22	$384.0K
Q3 22	$837.0K
Q4 22	$1M
Q1 23	$2M
Q2 23	$500.0K
Q3 23	$2M
Q4 23	$1M
Q1 24	$703.0K
Q2 24	$812.0K
Q3 24	$834.0K
Q4 24	$715.0K
Q1 25	$637.0K
Q2 25	$7M
Q3 25	$2M
Q4 25	$2M
Q1 26	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	-12.9%	-5.5%
Q3 22	+3.4%	+2.4%
Q4 22	+22.0%	+14.8%
Q1 23	+43.8%	+45.2%
Q2 23	+54.3%	+66.7%
Q3 23	+49.8%	+61.4%
Q4 23	+38.6%	+59.5%
Q1 24	+27.3%	+35.6%
Q2 24	+23.8%	+22.9%
Q3 24	+17.6%	+17.9%
Q4 24	+12.1%	+14.3%
Q1 25	+5.3%	+4.8%
Q2 25	+2.0%	+1.9%
Q3 25	+3.8%	+3.1%
Q4 25	+6.3%	+1.7%
Q1 26	+6.5%	+7.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$3M	2.8%
Q3 22	$3M	2.3%
Q4 22	$3M	2.1%
Q1 23	$3M	1.8%
Q2 23	$3M	1.7%
Q3 23	$2M	1.5%
Q4 23	$2M	1.4%
Q1 24	$2M	1.3%
Q2 24	$3M	1.4%
Q3 24	$2M	1.2%
Q4 24	$2M	1.2%
Q1 25	$2M	1.2%
Q2 25	$2M	1.2%
Q3 25	$2M	1.2%
Q4 25	$3M	1.3%
Q1 26	$3M	1.3%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$29M	$7M
Q3 22	$31M	$5M
Q4 22	$30M	$4M
Q1 23	$31M	$8M
Q2 23	$34M	$7M
Q3 23	$29M	$7M
Q4 23	$32M	$4M
Q1 24	$31M	$4M
Q2 24	$32M	$5M
Q3 24	$30M	$5M
Q4 24	$33M	$5M
Q1 25	$33M	$4M
Q2 25	$35M	$5M
Q3 25	$31M	$6M
Q4 25	$19M	$5M
Q1 26	$32M	$6M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$371M	$443M	$814M
Q3 22	$388M	$450M	$837M
Q4 22	$370M	$458M	$827M
Q1 23	$444M	$473M	$917M
Q2 23	$421M	$483M	$904M
Q3 23	$436M	$513M	$950M
Q4 23	$467M	$508M	$975M
Q1 24	$552M	$525M	$1.1B
Q2 24	$594M	$520M	$1.1B
Q3 24	$560M	$523M	$1.1B
Q4 24	$464M	$526M	$990M
Q1 25	$466M	$508M	$974M
Q2 25	$464M	$50M	$514M
Q3 25	$453M	$50M	$503M
Q4 25	$429M	$54M	$483M
Q1 26	$457M	$4M	$461M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	279M	-0.0%	+0.1%
Q3 22	279M	-0.1%	-0.1%
Q4 22	279M	-0.0%	-0.1%
Q1 23	278M	-0.0%	-0.2%
Q2 23	278M	+0.0%	-0.1%
Q3 23	279M	+0.0%	+0.0%
Q4 23	279M	+0.1%	+0.1%
Q1 24	279M	+0.1%	+0.2%
Q2 24	279M	+0.0%	+0.2%
Q3 24	279M	+0.1%	+0.2%
Q4 24	279M	+0.1%	+0.2%
Q1 25	280M	+0.1%	+0.2%
Q2 25	280M	+0.1%	+0.2%
Q3 25	280M	-0.0%	+0.2%
Q4 25	280M	+0.0%	+0.1%
Q1 26	283M	+1.3%	+1.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$98.6K	1K
Q3 22	$107.9K	1K
Q4 22	$122.3K	1K
Q1 23	$140.6K	1K
Q2 23	$149.2K	1K
Q3 23	$158.5K	1K
Q4 23	$174.7K	995
Q1 24	$184.4K	995
Q2 24	$190.2K	995
Q3 24	$192.1K	995
Q4 24	$212.1K	919
Q1 25	$210.3K	919
Q2 25	$210.0K	919
Q3 25	$215.9K	919
Q4 25	$216.3K	958
Q1 26	$214.8K	958

Revenue / Employee