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CAB Payments (CABP) investor relations material
CAB Payments Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M 2026 Total Income was ~£102m, up ~22% YoY; excluding Deposit Net Interest Income, it rose ~32% to ~£79m. Q3 Total Income was a record ~£34m.
9M FX and payment volumes reached a record £32.5bn, up 4% YoY; Emerging Markets (EM) volumes rose 23% to £12.1bn. Active clients totaled 613 at 30 September.
Financial highlights
9M Deposit Net Interest Income fell 5% YoY, reflecting lower average interest rates and hedging initiated toward end-2025, partly offset by average deposits up 11% YoY.
Q3 standalone Total Income was ~£34m, comprising ~£27m excluding Deposit Net Interest Income and ~£7m Deposit Net Interest Income.
Outlook and guidance
Medium-term guidance unchanged: Total Income excluding Net Interest Income growth at a high-teens to low-20s CAGR over 2026–2028.
Positive operating leverage is expected to support structural improvement in the cost-income ratio over time; capital expenditure is set to increase in 2026 to build the operating platform.
Full-year performance expected to be successful despite a particularly strong Q4 2025 comparator; pre-close update scheduled for 19 January 2027 and FY 2026 results for 4 March 2027.
- Income up 31% YoY, EPS up 157%, and inaugural interim dividend declared.CABP
H1 2026 - Strong 2025 growth, entrenched client base, and digital currency expansion drive future outlook.CABP
Investor presentation - Strong 2025 growth, diversified revenue, and scalable platform drive future expansion.CABP
Investor presentation - Double-digit income and EBITDA growth, margin gains, and global expansion drive strong outlook.CABP
H2 2025 - FY25 results expected to surpass forecasts, fueled by growth in volumes and global expansion.CABP
Q4 2025 TU - H1 2025 saw income and EBITDA growth, new clients, and efficiency gains, setting up for H2 growth.CABP
H1 2025 - Income and EBITDA rose HoH, with client and product growth supporting a strong H2 outlook.CABP
H1 2025 - Gross income down 22-23%, but core income up 11% and H2 margin set to improve.CABP
H1 2024 - Gross income dropped 23% but volume and client growth, innovation, and transformation drive outlook.CABP
H2 2024
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