
	Year Ended December 31,
	2025		2024		2023
Revenues:
Wire transfer and money order fees, net	$	502,155	$	554,801	$	561,540
Foreign exchange gain, net	87,160		88,944		87,908
Other income	18,461		14,904		9,287
Total revenues	607,776		658,649		658,735

Less:
Agent commissions	255,333		281,157		284,157
Payer commissions	96,543		108,697		110,865
Bank charges and fees	26,573		26,497		25,065
Salaries and benefits	75,036		68,247		70,203
Other segment items (1)	61,149		54,100		53,433
Provision for credit losses	7,916		6,411		4,997
Restructuring costs	742		3,060		1,214
Transaction costs	10,464		1,819		445
Goodwill impairment	1,209		—		—
Depreciation and amortization	17,161		13,645		12,866
Total operating expenses	552,126		563,633		563,245

Operating income	55,650		95,016		95,490

Gain contingency	3,286		—		—

Interest expense	11,836		11,745		10,426

Income before income taxes	47,100		83,271		85,064

Income tax provision	14,429		24,450		25,549

Net income	$	32,671	$	58,821	$	59,515

(1) Other segment items included in Segment net income is primarily composed of other selling, general and administrative expenses, transaction processing costs, and other overhead expenses.