WAFD Washington Federal margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 76

Gross margin

100%

Operating margin

43.1%

EBITDA margin

44.7%

Net margin

33.7%

The Washington Federal reports a gross margin of 100%, an operating margin of 43.1%, an EBITDA margin of 44.7%, and a net margin of 33.7%. EBITDA margin improved by 10.9 percentage points, while other available margins were unchanged.

WAFD margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Washington Federal's margins averaged 100% gross, 40.31% operating, 47.69% EBITDA, and 30.74% net. For Washington Federal, operating and net margins are above their three-year averages, while EBITDA margin is below its three-year average.

WAFD margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 2.5 percentage points, EBITDA margin by 10.9 percentage points, and net margin by 2.3 percentage points. Gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

2.5pp

EBITDA margin expansion

10.9pp

Net margin expansion

2.3pp

WAFD Gross margin

Across the last 3 years, Washington Federal's gross margin came to 100%. The latest gross margin for Washington Federal is 100%, in line with its three-year average. Gross margin was highest at 100% in Jun 2026 and lowest at 100% in Dec 2023.

WAFD Operating margin

Across the last 3 years, Washington Federal's operating margin stood at 40.31%. The current operating margin stands at 43.1%, 2.8 percentage points above its three-year average. Operating margin was highest at 45.8% in Dec 2023 and lowest at 34.5% in Dec 2024.

WAFD EBITDA margin

Throughout the last 3 years, Washington Federal had an average EBITDA margin of 47.69%. Washington Federal's current EBITDA margin is 44.7% and is 3 percentage points below its three-year average. Looking back over the last 3 years, Washington Federal's EBITDA margin reached 68.4% at its highest point in Mar 2024 and 33.8% at its lowest in Jun 2025.

WAFD Net margin

Across the last 3 years, Washington Federal's net margin averaged 30.74%. The current net margin stands at 33.7%, 3 percentage points above its three-year average. Net margin was highest at 33.9% in Dec 2023 and lowest at 26.6% in Dec 2024.

WAFD margin group comparison

Margins compared with peer-group, industry and sector averages

Washington Federal's gross margin of 100% is higher than the Financial Services sector, the industry and its peers average. Looking at the Financial Services sector average of 83.5%, Washington Federal's gross margin is 20% higher.

WAFD margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Washington Federal's gross margin?

As of Jun 30, 2026, WAFD has a gross margin of 100%.

What is Washington Federal's operating margin?

For the period ending Jun 30, 2026, WAFD recorded an operating margin of 43.1%.

What is Washington Federal's EBITDA margin?

As of Jun 30, 2026, WAFD has an EBITDA margin of 44.7%.

What is Washington Federal's net margin?

The current net margin for WAFD is 33.7% as of Jun 30, 2026.

What are the average margins of WAFD?

Looking back over 3 years, WAFD recorded average margins of 100.0% gross, 40.3% operating, 47.7% EBITDA, and 30.7% net.

What are the highest historical margins of WAFD?

Over the last 5 years, Washington Federal's highest margins were 100% gross in Jun 2026, 49.3% operating in Mar 2023, 68.4% EBITDA in Mar 2024, and 38.9% net in Jun 2023.

What are the lowest historical margins of WAFD?

Washington Federal's lowest recorded margins during the past 5 years were 100% gross in Dec 2021, 34.5% operating in Dec 2024, 33.8% EBITDA in Jun 2025, and 26.6% net in Dec 2024.