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QuickFee Limited (ASX:QFE), a finance platform catering to accounting and legal professionals in Australia, announced robust growth in its Australian segment for the quarter ending 30 June 2026, with total loan origination rising 40% year-on-year to A$25.1 million. The Australian Finance revenue increased 14% to A$3.3 million in Q4 FY26, bolstered by an expanded debt facility that grew from A$45 million to A$60 million. QuickFee projects full-year FY26 EBITDA between A$3.75 million and A$4.25 million and anticipates a final dividend of 0.5 cents per share, highlighting resilience in its core B2B lending operations despite challenges in the US market.
Key Points
- QuickFee Limited (ASX:QFE) operates a B2B finance platform offering fee-funding and disbursement funding solutions to accounting and legal professionals across Australia and the United States
- Q4 FY26 Australian Finance total transaction value (TTV) surged 40% year-on-year to A$25.1 million, with disbursement funding TTV jumping 134% to A$7.5 million
- The company increased its debt facility limit to A$60 million, enabling enhanced loan origination capacity; FY26 normalised revenue remained steady at A$16.8 million with full-year EBITDA guidance between A$3.75 million and A$4.25 million
- Investors should watch the December 2026 integration of QuickFee's US Finance product into Aiwyn's payment portal and the scheduled run-off of the BNPL loan portfolio by the same date
Expanded Debt Facility Fuels A$25.1 Million Australian Loan Growth in Q4
QuickFee's Australian Finance division showed strong momentum in Q4 FY26, with total loan origination reaching A$25.1 million, marking a 40% increase from A$17.9 million in the prior year period. This growth was supported by an increase in the company’s debt facility limit from A$45 million to A$60 million during the quarter, providing the capital framework necessary to support higher lending volumes across both fee-funding and disbursement-funding segments in Australia.
The revenue impact is clear in Q4 FY26 Australian Finance revenue, which rose 14% year-on-year to A$3.3 million from A$2.9 million. Operating a B2B fee-funding model, QuickFee generates net interest margins (NIM) on loans extended to law firms and accounting practices. This quarter’s strong performance indicates continued traction in the Australian market, with the expanded debt facility positioning QuickFee to meet growing demand from professional service firms seeking short-term financing.
Disbursement Funding Originations Soar 134% Following Major Law Firm Acquisitions
A standout in Q4 FY26 was the 134% year-on-year increase in disbursement funding (DF) total transaction value, rising to A$7.5 million from A$3.2 million in the prior year quarter. This segment finances law firms for case disbursements such as expert witness fees and court costs prior to client recovery. The company attributes this surge to recent contracts with several major personal injury law firms, including two firms with revenues exceeding A$50 million each.
Unlike fee-funding, disbursement funding revenue is recognised over periods up to three years rather than upfront. Therefore, the strong pipeline of DF originations in Q4 FY26 is expected to generate significant revenue throughout FY27 and beyond, providing forward revenue visibility and diversifying QuickFee’s Australian revenue beyond traditional fee-funding. The company’s ability to attract large law firms highlights competitive strength in the disbursement funding market.
Australian Finance Plans Increase 213% Driven by Smaller-Value Disbursement Transactions
The number of finance plans initiated by Australian customers in Q4 FY26 surged to 7,127, a 213% rise from 2,274 plans in the same quarter last year. This sharp increase reflects a shift toward smaller-value disbursement funding plans outpacing traditional fee-funding growth. Fee-funding TTV rose 20% to A$17.6 million, while the DF segment contributed A$7.5 million, underscoring the growing impact of the disbursement funding product line on overall origination growth.
Active Australian firms remained stable at 493 in Q4 FY26 compared to 490 the prior year, suggesting existing customers are utilizing QuickFee’s credit products more frequently and across diverse transaction types, especially via disbursement funding. The company is phasing out new buy-now-pay-later (BNPL) loan originations, with the existing BNPL loan book expected to be substantially run off by December 2026.
FY26 Revenue Stable as Australian Growth Offsets US Decline
QuickFee’s normalised full-year FY26 revenue held steady at A$16.8 million, compared to A$17.0 million in FY25. This masks geographic divergence: Australian Finance revenue rose 11% to A$12.1 million from A$10.9 million, while US Finance revenue declined 30% to US$2.1 million from US$3.0 million, with US Finance TTV dropping 31% to US$20.1 million.
Normalised revenue excludes the US Pay Now business (ACH, card, and Connect products), sold effective 9 September 2025. Reported group revenue was A$18.4 million versus A$25.2 million in the prior year, a 27% decline reflecting the discontinued US Pay Now segment. This distinction aids investors in evaluating QuickFee’s ongoing operational performance.
Net Interest Margin Hits Record 15.3%, Highlighting Resilient High-Margin B2B Lending
QuickFee’s core B2B fee-funding operations achieved a net interest margin (NIM) of 15.3% for FY26, the highest in company history and up from 14.1% in Q1 FY25. This steady growth reflects the company’s strong positioning in the high-margin B2B fee-funding and disbursement-funding sectors, offering short-term credit to accounting and legal professionals.
The 15.3% NIM underscores QuickFee’s business model strength and pricing power. B2B lending features lower defaults, shorter durations, and higher pricing than consumer loans, enabling substantial net interest spreads. The consistent margin expansion suggests a shift toward higher-margin products or improved pricing discipline, critical for profitability and return on equity as the loan book grows.
US Operations Narrow Focus to Finance Product via Aiwyn Reseller Partnership
In FY26, QuickFee’s US operations underwent restructuring, completing the sale of its US Pay Now business to Aiwyn in September 2025. Concurrently, QuickFee entered a reseller agreement with Aiwyn to offer its Finance product to Aiwyn’s customer base, including about 300 CPA firms ranked in the 'Top 500'. This shifts QuickFee from a multi-product US provider to a focused pay-over-time finance solution offered through a strategic distribution partnership.
Aiwyn now expects to integrate QuickFee’s US Finance product into its payment portal by 31 December 2026, delayed from June 2026. QuickFee’s US team comprises three employees supporting existing customers and promoting new sign-ups via Aiwyn and direct sales. Reduced product development and capital expenditures improve US operations’ profitability and scalability by eliminating overhead from multiple product lines while maintaining US market exposure through Aiwyn.
US Finance Faces Headwinds Amid Integration Delay with Declining Firm Count and Plans
US Finance revenue declined 29% in Q4 FY26 to US$0.5 million from US$0.7 million a year earlier, with TTV down 8% to US$4.4 million from US$4.8 million. US Finance plans fell 10% year-on-year to 538 from 598, while active US Finance firms dropped 8% to 156 from 170. This indicates a modest contraction in the US customer base amid delayed growth from the Aiwyn channel integration.
The postponed integration to December 2026 presents a near-term challenge for US growth. However, QuickFee has introduced new incentives for Aiwyn’s sales team to accelerate US Finance growth post-integration. With access to approximately 300 'Top 500' CPA firms, the US market offers significant upside if integration and customer acquisition succeed. Investors should closely monitor Q1 FY27 results for progress.
FY26 EBITDA Guidance and Dividend Signal Stable Profitability Amid Geographic Shift
QuickFee reaffirmed full-year FY26 EBITDA guidance between A$3.75 million and A$4.25 million and announced an expected final dividend of 0.5 cents per share. This EBITDA range reflects consolidated performance across Australian Finance growth, US Finance decline, and the discontinued US Pay Now business. The dividend indicates management’s intention to return capital to shareholders from FY26 earnings.
The A$500,000 range in EBITDA guidance suggests some uncertainty around Q4 timing, credit losses, or expenses. Management describes FY27 outlook as positive, with "significant growth potential in the US" contingent on successful Finance product integration into Aiwyn’s platform by December 2026 and new customer conversions.
Strategic Shift Complete as QuickFee Focuses on Australian Growth and Streamlined US Presence
QuickFee’s FY26 strategic repositioning marks a clear pivot in geographic and product focus. Selling the US Pay Now business removed a high-volume, lower-margin product, while the Aiwyn reseller agreement maintains US market exposure without direct product development overhead. This allows redeployment of capital and management focus toward the high-growth Australian Finance segment, demonstrated by 40% TTV growth in Q4 FY26.
With 11% full-year Australian revenue growth, a 134% rise in disbursement funding originations, and a stable firm base, QuickFee has established a scalable presence in Australia’s professional services lending market. The expanded A$60 million debt facility supports continued growth without immediate new funding. This strategic clarity positions Australia as the core capital-light growth engine, while the US remains optionality tied to Aiwyn’s distribution success, providing investors with insight into management’s resource allocation for FY27 and beyond.
