Currency Exchange International Q2 revenue rises on Payments growth

CURRENCY EXCHANGE INTERNATIONAL

09/06/2026 22:17

Overview
US foreign exchange services firm's Q2 revenue rose 13% yr/yr, driven by Payments segment growth
Adjusted EPS for Q2 rose 8% yr/yr to $0.40; reported net loss driven by discontinued operations
Company completed exit from Canadian subsidiary EBC and repurchased 211,500 shares for $3.6 mln

Outlook
Company says it will prioritize revenue growth in Banknotes and Payments businesses
CXI plans to expand its branch network and online service offering
Company cites ongoing macroeconomic and geopolitical uncertainties as impacting market conditions

Result Drivers
PAYMENTS GROWTH - 73% increase in Payments revenue driven by higher trading volumes from existing and new customers
BANKNOTES STAGNATION - Banknotes revenue rose 1% as new clients and large trades were offset by reduced activity from existing wholesale customers and weaker demand due to macroeconomic and geopolitical factors
DISCONTINUED OPERATIONS LOSS - Net loss driven by exit from Canadian subsidiary EBC and recognition of cumulative foreign currency translation differences

Company press release: ID:nACS6dZkNa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
 
$0.4
 
Q2 EPS
 
-$0.7
 
Q2 Net Income
 
-$4.2 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)