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OFX Group Ltd. ( (AU:OFX) ) has provided an update.
OFX Group reported a softer fourth quarter for the year to 31 March 2026, with net operating income down 9.6% on the prior quarter and 11.8% year on year amid weak business and consumer confidence in key markets and an unusually soft February, though March trading returned to more typical levels. Corporate revenue, high-value consumer revenue and enterprise revenue all declined versus the prior comparable period, but FX margins remained broadly stable, and the group expects full-year operating expenses to come in below prior guidance while maintaining a strong balance sheet and solid net cash position.
The company marked a key milestone in its OFX 2.0 transition by largely completing migration of corporate clients to its New Client Platform across major markets and launching it in Singapore and New Zealand, with remaining clients to follow in early FY27. Non-FX revenue surged 177.4% year on year and 16.4% quarter on quarter, multi-product client penetration nearly doubled to 8.4%, and more than 55 new features, including physical corporate cards in the U.S., UK and EU and enhanced global accounting integrations, were rolled out, underpinning management’s focus on reigniting corporate client growth, stabilising the consumer segment and targeting a return to group NOI growth in FY27.
The most recent analyst rating on (AU:OFX) stock is a Buy with a A$0.90 price target. To see the full list of analyst forecasts on OFX Group Ltd. stock, see the AU:OFX Stock Forecast page.
More about OFX Group Ltd.
OFX Group Ltd is an Australia-based online international payments and foreign exchange services provider, serving corporate, high-value consumer and enterprise clients across major markets including Canada, the U.S., the UK, Australia, Singapore and New Zealand. The company has been investing in a New Client Platform and expanding into non-FX services such as cards, subscriptions and integrated accounting solutions to drive multi-product adoption and diversify revenue streams.
Average Trading Volume: 869,308
Technical Sentiment Signal: Sell
Current Market Cap: A$124M
Find detailed analytics on OFX stock on TipRanks’ Stock Analysis page.