revenue $1.11B, net income $77.4M. Q2 revenue +3.2% as remittance headwinds compress CBP margins 450bp; vault-cash debt callable

Filed August 4, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~2 min read

Key Changes

• high

  Cross-Border Payments operating margin fell from 14.3% to 9.8% as U.S. remittance tax and immigration policy changes reduced retail transaction volumes, partially offset by 33% digital growth.

  MD&A: CBP Segment Performance verify on EDGAR →
• high

  Company added $800M uncommitted vault-cash facilities (30% of total debt) callable on demand by lenders without contractual obligation to continue funding; repaid $700M Senior Notes at maturity.

  MD&A: Liquidity & Debt verify on EDGAR →
• high

  Operating cash flow fell from $184.6M to $25.9M in H1 2026 due to unfavorable working capital timing, while financing cash flow rose to $496.8M on higher credit-facility borrowings.

  MD&A: Cash Flows verify on EDGAR →