OFX Group (OFX) Q2 2026 TU earnings summary

Executive summary

• Launched OFX 2.0 with a new go-to-market strategy, driving 15.6% growth in Corporate New Transacting Clients quarter-over-quarter and 25.6% year-over-year.

• New Client Platform (NCP) now live in all major markets, with 39.2% of global Corporate clients migrated and strong engagement from migrated cohorts.

• Delivered 80 new products, features, and services in 2Q26, including Quickbooks sync, Pay by Card, and a new registration journey.

Financial highlights

• Net Operating Income (NOI) for 2Q26 was $50.1m, down 8.8% sequentially and 8.2% year-over-year.

• Corporate segment revenue was $31.3m, down 8.2% from 1Q26 and 8.9% year-over-year.

• High-Value Consumer segment revenue was $14.6m, down 9.1% sequentially and 14.0% year-over-year.

• Enterprise revenue grew to $3.3m, up 8.8% sequentially and 55.7% year-over-year.

• Underlying operating expenses for 1H26 were approximately $90.5m.

Outlook and guidance

• Migration to NCP is expected to support growth in active clients, NOI, and EBITDA.

• US market launch for new clients is on track for 3Q26.