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Usio, Inc. (Nasdaq: USIO), a FinTech company that operates a full stack of integrated, cloud-based electronic payment and embedded financial solutions, has reported its financial results for the third quarter ended 30 September 2026.
Revenue for the quarter was $23.8 million, up 12% from $21.2 million a year earlier, with increases across all business lines. Gross profit rose approximately 18% to $5.7 million, and gross margin expanded to 24.1% from 23.0%. Adjusted EBITDA was $1.2 million, up 222%, and Adjusted EBITDA margin expanded to 5.0% from 1.7%. Usio reported GAAP net income of approximately $0.2 million, or $0.01 per share, compared with a net loss of $0.4 million, or $0.02 per share, in the third quarter of 2025.
Total payment dollars processed across all channels rose 25% to $2.73 billion, while total payment transactions grew 27% to 20.7 million. ACH electronic check transaction volume increased 39%, a new quarterly record for the sixth consecutive quarter. Credit card revenues rose 18%, driven by a 29% increase in PayFac revenues, which now account for more than 75% of total credit card revenues. Output Solutions revenue grew 14%.

Louis Hoch, President and Chief Executive Officer, Usio
Louis Hoch, President and Chief Executive Officer, Usio said:
"It was another strong quarter for Usio, with revenue increasing 12% and Adjusted EBITDA rising 222%, driven by sustained transaction growth and improving operating leverage. Total payment dollars processed increased 25% to $2.73 billion, while total payment transactions grew 27% to 20.7 million. ACH transactions increased 39%, setting a new quarterly record for the sixth consecutive quarter. Importantly, this growth is translating into meaningful bottom-line improvement. Adjusted EBITDA margin expanded to 5.0% from 1.7% a year ago, GAAP operating income improved by approximately $743,000, and we delivered our third consecutive quarter of positive GAAP net income. For the first nine months of 2026, Adjusted EBITDA more than doubled, while operating cash flow increased 133% to $3.3 million. Consequently, we are re-iterating our guidance of 14-16% revenue growth versus the prior year, alongside record Adjusted EBITDA."
Revenues for the first nine months of 2026 were $72.9 million, up 15% from $63.2 million. Cash exceeded $7.3 million at 30 September 2026, an increase of approximately $900,000 over three months, and the company used approximately $499,000 to repurchase 327,000 shares during the nine-month period.
Louis Hoch added:
"Looking ahead, we are particularly encouraged by the opportunities presented by Usio Ion and our recently announced strategic partnership with Harris Computer. Ion has the potential to deepen our existing customer relationships, expand our third-party owned deposit base and generate incremental high-margin interest revenue, while our preferred payments provider relationship with Harris expands our reach into the utility market. We believe both initiatives can contribute meaningfully to our long-term growth and operating leverage as adoption and implementation progress. It is exciting to soon enter 2027 with these two catalysts on top of the organic growth we are already experiencing."
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Usio has reported third quarter 2026 revenue of $23.8 million, up 12%, with Adjusted EBITDA up 222% to $1.2 million, total payment dollars processed up 25% to $2.73 billion and a sixth consecutive quarterly record in ACH transactions, and has reiterated its guidance of 14% to 16% revenue growth for 2026.
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