OFX Group (OFX) Q3 2026 TU earnings summary

Executive summary

• Initiated a strategic review to explore organic and inorganic options, including a potential sale, to maximize shareholder value.

• CFO resignation announced, with a transition plan in place and executive search underway.

• Progressing with the OFX 2.0 strategy, focusing on product innovation and client migration to the New Client Platform (NCP).

Financial highlights

• Net Operating Income (NOI) for 3Q26 was $48.1m, down 4.0% sequentially and 11.7% year-over-year.

• Non-FX revenue grew 44.0% quarter-over-quarter, with strong adoption of new products and increased wallet balances.

• Net Cash Held increased to $79.8m, up $4.3m from 2Q26; Net Available Cash rose to $54.4m.

• Corporate segment revenue declined 6.0% sequentially and 11.5% year-over-year.

• High-Value Consumer revenue fell 3.2% sequentially and 20.9% year-over-year.

Outlook and guidance

• 2H26 NOI expected to be lower than the prior corresponding period due to ongoing macroeconomic softness.

• Continued focus on quarterly performance updates and execution of the 2.0 strategy.