WU Q1 net income falls 48% to $64.7M as costs rise ahead of $500M Intermex acquisition

Filed April 24, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 23, 2025 · ~1 min read

Key Changes

• high

  Net income dropped 48% to $64.7M while operating income fell 31% to $123.0M, driven by 6% higher cost of services and 10% higher SG&A expenses from Eurochange integration and expanded company-operated locations.

  MD&A: Operating Results verify on EDGAR →
• high

  Company announced $500M acquisition of Intermex (U.S.-to-Latin America remittance provider) expected to close Q2 2026, financed by new $800M delayed draw term loan facility and $450M of 4.750% notes issued March 2026.

  MD&A: Intermex Acquisition verify on EDGAR →
• high

  Effective tax rate jumped from 16.1% to 28.1% due to discrete expenses from international operations reorganization, compared to discrete benefits in prior year, materially reducing net income.

  MD&A: Income Taxes verify on EDGAR →