International Money Express (MEX:IMXI) Operating Income: MXN1,056 Mil (TTM As of Mar. 2026)

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MEX:IMXI International Money Express Inc MEX:IMXI
84 GF Score
Price MXN188.70
GF Value MXN265.45
! 3 Warning Signs
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What is International Money Express Operating Income?

International Money Express MEX:IMXI 84 Operating Income is MXN1,056 Mil as of Mar. 2026. GuruFocus rates MEX:IMXI with a GF Score™ of 84/100 and a GF Value™ of MXN265.45. The stock has 3 warning signs investors should review.

International Money Express's Operating Income for the three months ended in Mar. 2026 was MXN87 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN1,056 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. International Money Express's Operating Income for the three months ended in Mar. 2026 was MXN87 Mil. International Money Express's Revenue for the three months ended in Mar. 2026 was MXN2,199 Mil. Therefore, International Money Express's Operating Margin % for the quarter that ended in Mar. 2026 was 3.97%.

Warning Sign:

International Money Express Inc operating margin has been in a 5-year decline. The average rate of decline per year is -4%.

International Money Express's 5-Year average Growth Rate for Operating Margin % was -4.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. International Money Express's annualized ROC % for the quarter that ended in Mar. 2026 was 2.85%. International Money Express's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.15%.


International Money Express  (MEX:IMXI) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

International Money Express's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=349.112 * ( 1 - 65.14% )/( (3860.585 + 4689.277)/ 2 )
=121.7004432/4274.931
=2.85 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9321.389 - 2423.567 - ( 3037.237 - max(0, 2538.029 - 6358.875+3037.237))
=3860.585

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10205.462 - 2444.783 - ( 3071.402 - max(0, 2557.65 - 7255.854+3071.402))
=4689.277

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

International Money Express's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=265.008/( ( (1314.902 + max(862.996, 0)) + (1339.054 + max(1704.577, 0)) )/ 2 )
=265.008/( ( 2177.898 + 3043.631 )/ 2 )
=265.008/2610.7645
=10.15 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1897.243 + 0 + 1392.021) - (2423.567 + 0 + 2.701)
=862.996

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1916.479 + 0 + 2235.586) - (2444.783 + 0 + 2.7050000000004)
=1704.577

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

International Money Express's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=87.278/2199.124
=3.97 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


International Money Express Operating Income Related Terms


International Money Express Operating Income Historical Data

* Premium members only.

The historical data trend for International Money Express's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

International Money Express Operating Income Chart

International Money Express Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,412.55 1,674.96 1,649.03 2,083.38 1,225.56

International Money Express Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 318.13 408.31 291.45 269.04 87.28
MEX:IMXI
84GF Score
International Money Express Inc MEX:IMXI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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International Money Express Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN1,056 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN1,056 Mil mean?
International Money Express (MEX:IMXI) has a Operating Income of MXN1,056 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on International Money Express and its competitors.
Is International Money Express' Operating Income too high?
International Money Express' current Operating Income is MXN1,056 Mil. Overall, International Money Express has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does International Money Express' Operating Income compare to CINT and ARQQ?
International Money Express' Operating Income of MXN1,056 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Software company?
A good Operating Income depends on the Software industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on International Money Express and its competitors. International Money Express's current Operating Income is MXN1,056 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Money Express stock overvalued right now?
International Money Express (MEX:IMXI) has a current Operating Income of MXN1,056 Mil. The stock's GF Value™ is MXN265.45, compared to a current price of MXN188.70 — trading 28.9% below its estimated fair value. The current Operating Income is MXN1,056 Mil. International Money Express' overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For International Money Express (MEX:IMXI), the current Operating Income is MXN1,056 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is International Money Express (MEX:IMXI) Overvalued in 2026?

Based on GuruFocus' analysis, International Money Express stock appears to be undervalued. The current stock price of MXN188.70 is trading 28.9% below its estimated GF Value™ of MXN265.45.

Key valuation signals for MEX:IMXI:

  • Operating Income: MXN1,056 Mil
  • GF Value™: MXN265.45 vs. price of MXN188.70 (28.9% below fair value)
  • GF Score™: 84/100 with 3 warning signs

No single metric tells the full story. See the MEX:IMXI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


International Money Express Business Description

Other Exchanges IMXI:USA
Address 9100 South Dadeland Boulevard, Suite 1100, Miami, FL, USA, 33156
International Money Express Inc is an omnichannel money remittance services company focused on the United States of America to Latin America and the Caribbean corridor, which includes Mexico, Central and South America and the Caribbean. The company offers wire transfer, money order, Foreign exchange, and cash checking services, while the majority of the revenue is derived from wire transfer and money order fees. The firm's business is organized around one reportable segment that provides money remittance services between the U.S. and Canada to Mexico, Guatemala, and other countries in Latin America, Africa, and Asia.
84GF Score

Get the complete analysis for MEX:IMXI

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN188.70
Price
MXN265.45
GF Value