OFX Group (OFX) Q4 2026 TU earnings summary

Executive summary

• Completed migration of Corporate clients to the New Client Platform (NCP) in major markets, with full migration expected by end of 1Q27.

• Non-FX revenue surged 177.4% year-over-year and 16.4% sequentially, with strong March momentum.

• Multi-product adoption among clients rose to 8.4%, nearly doubling in Australia to 13.1% quarter-over-quarter.

• Over 55 new features launched, including physical Corporate cards in the US, UK, and EU.

Financial highlights

• Net Operating Income (NOI) for 4Q26 was $43.5m, down 11.8% year-over-year and 9.6% sequentially, impacted by a soft February.

• Corporate segment revenue was $26.2m, down 14.4% year-over-year and 11.5% sequentially.

• High Value Consumer revenue was $14.0m, stable sequentially but down 10.7% year-over-year.

• Enterprise revenue was $2.1m, down 34.6% sequentially but up 23.2% for the full year.

• Net Cash Held at quarter-end was $71.6m, with Net Available Cash at $49.6m.

Outlook and guidance

• Targeting growth in Group NOI and Corporate Active Clients in FY27, supported by stabilizing Consumer revenue and lower lapse rates.

• Acceleration in new-to-company (NTC) client growth expected to continue into FY27.