Cass Information Systems
Processes freight and facilities payables for large US corporations.
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Profile
Processes freight and facilities payables for large US corporations through Information Services. Cass Commercial Bank supports the payment model, while the portfolio now excludes telecom expense management.
Processes freight and facilities payables and related transactions for large US corporations through Information Services. The platform combines invoice processing, payment management, and freight audit work for supply-chain and facilities operations, including ocean and international-air freight.
Cass Commercial Bank sits alongside Information Services in Banking Services and supports the payment needs embedded in the platform. The operating model combines payment execution with bank services, while the TEM and managed-mobility unit is a discontinued operation after its sale. This structure links the information-services offering to the banking infrastructure used to execute client payments.
Company facts
Key statistics
Year to date +39.4% · Average volume (30d) 76.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 6, 2026 | Piper Sandler | Reiterate | Neutral | $52 | $61 |
| Jul 1, 2026 | Raymond James | Reiterate | Outperform | $50 | $56 |
| Jun 12, 2026 | Piper Sandler | Target | $45 | $52 | |
| Jan 22, 2026 | Raymond James | Target | $45 | $50 | |
| Oct 24, 2025 | Raymond James | Reiterate | Outperform | $47 | $45 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.72 | $0.71 | −1.4% | $51.0M | $49.9M | −2.1% | +0.52% |
| Apr 23, 2026Q1 FY26 | $0.63 | $0.66 | +4.8% | $49.6M | $49.1M | −1.0% | +5.01% |
| Jan 22, 2026Q4 FY25 | $0.64 | $0.68 | +6.3% | $49.6M | $49.9M | +0.6% | +1.97% |
| Oct 23, 2025Q3 FY25 | $0.63 | $0.69 | +9.5% | $49.6M | $54.0M | +8.9% | −0.96% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $51.4M | $48.6M | $54.0M | $49.5M | $49.1M | $50.5M | |
| Gross profit | $43.9M | $40.6M | $46.4M | $49.5M | $49.1M | $50.5M | |
| Operating income | $10.9M | $6.3M | $11.6M | $10.0M | $10.9M | $13.2M | |
| Net income | $9.0M | $8.9M | $9.1M | $8.2M | $8.8M | $10.6M | |
| Diluted EPS | $0.66 | $0.66 | $0.68 | $0.62 | $0.67 | $0.81 | |
| Gross margin | 85.4% | 83.5% | 85.9% | 100.0% | 100.0% | 100.0% | |
| Operating margin | 21.1% | 12.9% | 21.5% | 20.2% | 22.2% | 26.1% |
Fiscal years (4-quarter sums)FY21 $155.2M · FY22 $187.3M · FY23 $213.2M · FY24 $206.7M · FY25 $203.5M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $237.6M · Total debt $80.0M · Total assets $2.52B · Shareholders' equity $244.7M
Dividends
Raised for 28 straight years — most recently to $0.32 from $0.31 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 5, 2026 | Jun 5 | Jun 15 | $0.32 | |
| Mar 3, 2026 | Mar 3 | Mar 13 | $0.32 | |
| Dec 5, 2025 | Dec 5 | Dec 15 | $0.32 | raised from $0.31 |
| Sep 5, 2025 | Sep 5 | Sep 15 | $0.31 | |
| Jun 3, 2025 | Jun 3 | Jun 13 | $0.31 | |
| Mar 4, 2025 | Mar 4 | Mar 14 | $0.31 | |
| Dec 3, 2024 | Dec 3 | Dec 13 | $0.31 | raised from $0.30 |
| Sep 3, 2024 | Sep 3 | Sep 13 | $0.30 |
Ownership
Shares outstanding 12.87M · Float 11.31M · 87.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.00M | 7.78% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 538.6K | 4.18% | 13F | Aug 13, 2026 |
| Brown Advisory Inc | 527.3K | 4.10% | 13F | Aug 14, 2026 |
| Heartland Advisors Inc | 493.4K | 3.83% | 13F | Aug 11, 2026 |
| Speece Thorson Capital Group Inc | 347.3K | 2.70% | 13F | Aug 4, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Oct 2, 2025 | Martin H. Resch | officer: President & CEO | +500 | $38.69 |
Peers
- U.S. Bancorp
Bank-backed freight audit and payment for enterprise shippers
- Triumph Financial
Freight invoice automation and carrier payments for shippers
- WEX
Fleet and transportation payment solutions
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cass Information Systems | $56.65 | +0.16% | $729.1M | 20.4 | 16.8 | 3.6 | +12.5% |
| U.S. Bancorp | $62.47 | +0.01% | $97.31B | 12.5 | 11.5 | 2.2 | +10.6% |
| Triumph Financial | $71.86 | −0.14% | $1.72B | 48.7 | 27.2 | 3.6 | +11.3% |
| WEX | $197.32 | −0.03% | $6.72B | 19.7 | 9.7 | 2.4 | +14.2% |
| Median | 19.7 | 11.5 | 2.4 | +11.3% |