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International Money Express Q1 net income drops 93.6% to $511,000; revenue falls 15.5% to $121.95 million
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International Money Express Q1 net income drops 93.6% to $511,000; revenue falls 15.5% to $121.95 million
  • International Money Express posted net income of USD 511,000, down 93.6% for the quarter ended March 31, 2026, with EPS at USD 0.02 versus USD 0.25 a year earlier.
  • Revenue fell 15.5% to USD 121.95 million, as wire transfer and money order fees dropped 17% to USD 99.75 million.
  • Operating income slid to USD 3.67 million from USD 14.08 million, while principal amount sent declined 11.4% to USD 4.9 billion and total remittances processed fell 12% to 11,200,000.
  • Other income climbed 47.5% to USD 5.88 million on higher fees tied to increased activity in Remittance-as-a-Service relationships, with related transactions up about 156%.
  • Western Union merger remained on track for second-quarter 2026 closing, with approval or non-objection received from 51 applicable U.S. states and territories and one state still pending.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. International Money Express Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-033174), on May 11, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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