Exhibit 99.1

Xoom Reports Third Quarter 2014 Results

SAN FRANCISCO, Calif., October 28,  2014 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, today announced financial results for the third quarter of 2014:

“We had a good quarter with sound financial metrics, and we continued to see great performance from our loyal customer base,” said John Kunze, president and chief executive officer, Xoom. “Customer acquisition in the quarter was challenging, but we typically earn more than 90% of our revenues from our repeat customers, so our new customer results only marginally impacted revenues during the quarter.” 

Operating Metrics 

Highlights and Strategic Announcements

During the quarter, Xoom enhanced its customer experience by continuing to expand instant bank deposit services to bank accounts in India at ICICI Bank, Union Bank of India, Bank of Baroda, Federal Bank and Yes Bank, using the Immediate Payment Service platform. 

Business Outlook 

For Q4 2014, Xoom is targeting the following:

For Full Year 2014, Xoom is targeting the following:

CFO Transition

After nine years and considerable discussion with his family, Ryno Blignaut has decided to resign as Xoom’s CFO, effective December 1, 2014, to pursue personal interests, spend more time with his family and to carefully evaluate the next step in his career. Ryno will remain available to Xoom for the short term after December 1, 2014 in a consulting capacity.

“Ryno has made an incredible contribution to Xoom from its very early days as a startup, through our IPO and beyond,” said Kunze. “We owe him a great deal of thanks for his many contributions to Xoom and wish him the very best in the future. We are also fortunate to have a worthy successor in place. I’m thrilled to report that our VP of Finance, Matt Hibbard, will take over as CFO. Matt knows our business extremely well, having worked closely with Ryno over the past three years.”

“Thank you, John, for being such a great boss and mentor to me over the last 9 years,” said Blignaut. “It’s been a great experience and I’ve learned a lot. This was obviously a very hard decision for me to make but it feels right and I will always have very fond memories of my time at Xoom. I’m also thrilled that Matt will now have the opportunity to lead this great company with John and the rest of the executive team. Congratulations, Matt.”

Conference Call

Xoom plans to host a conference call today to review its third quarter 2014 results and to discuss its financial outlook for the fourth quarter and full year 2014. The conference call can be accessed by dialing the toll free number (877) 440-7574 or the international number (253) 237-1314.   The call is scheduled to begin at 2:00 p.m. PT / 5:00 p.m. ET and can be accessed via the Web at ir.xoom.com.  The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 60 days. 

About Xoom

Xoom is a leading digital money transfer provider that enables consumers to send money to 30 countries in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. During the 12 months ended September 30, 2014, Xoom’s more than 1.2 million active customers sent approximately $6.5 billion to family and friends. The company is headquartered in San Francisco and can be found online at www.xoom.com.

Forward-Looking Statements 

This press release and Xoom’s scheduled conference call contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to, among other things, expectations, plans, prospects and financial results for Xoom, including, but not limited to, its expectations regarding its expansion into new markets and services, market demand, future earnings, revenue and financial and operating metrics. These forward-looking statements are based upon the current expectations and beliefs of Xoom’s management as of the date of this press release and conference call, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements made in this press release and during the conference call are based on information available to Xoom as of the date thereof, and Xoom disclaims any obligation to update these forward-looking statements.

In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: the evolving nature of the industry in which Xoom operates; its failure to attract new customers or retain existing customers; economic, political or regulatory factors beyond its control, in the United States or in countries to which its customers transfer money; fluctuations in foreign exchange rates; competitive pricing and marketing strategies by competitors; the adoption of competing technologies that supplant its services; the use of its services for illegal or improper purposes; the failure of partners to disburse funds according to Xoom’s instructions; its ability to contract for third-party services on commercially reasonable terms; the maintenance of its payment network on terms consistent with those currently in place or newly adopted regulations in the United States or in countries to which its customers transfer money; increases in transaction processing fees; declines in customer confidence in its business or in money transfer providers generally; its ability to protect its intellectual property; the adoption of mobile phones and devices to access information on the Internet and use of its services; potential breaches of its security systems; and other risks and uncertainties.

For a detailed discussion of these and other cautionary statements, please refer to the risk factors discussed in filings with the U.S. Securities and Exchange Commission (“SEC”), including but not limited to Xoom’s Annual Report on Form 10-K for the year ended December  31, 2013 and any subsequently filed reports on Forms 10-Q and 8-K. All documents are available through the SEC’s Electronic Data Gathering Analysis and Retrieval system (“EDGAR”) at www.sec.gov or Xoom’s website at www.xoom.com.

Non-GAAP Financial Measures 

Xoom’s stated results include certain non-GAAP financial measures, including Adjusted EBITDA, non-GAAP net income and non-GAAP diluted net income per share. Adjusted EBITDA excludes (benefit) provision for income taxes, interest expense, interest income, amortization of acquired intangible asset, depreciation and other amortization expense, and expenses related to stock-based compensation. Depreciation and other amortization expense includes impairment related to long-lived assets. Non-GAAP net income and non-GAAP diluted net income per share exclude expenses related to stock-based compensation and amortization of acquired intangible asset. Adjusted EBITDA and non-GAAP net income and non-GAAP diluted net income per share exclude these expenses as they are often excluded by other companies to help investors understand the operational performance of their business, and in the case of stock-based compensation, can be difficult to predict. Xoom believes these adjustments provide useful comparative information to investors.

Xoom considers these non-GAAP financial measures to be important because they provide useful measures of its operating performance and are used by its management for that purpose. In addition, investors often use measures such as these to evaluate the operating performance of a company. Non-GAAP results are presented for supplemental informational purposes only for understanding Xoom’s operating results. The non-GAAP results should not be considered a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies.

(Xoom-f)

Contacts: 

Sharrifah Al-Salem, CFA

Director of Investor Relations

IR@xoom.com

Robin Carr

Director of Public Relations

PR@xoom.com

XOOM CORPORATION AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(In thousands, except share and per share data)

XOOM CORPORATION AND SUBSIDIARIES

Condensed Consolidated Statements of Income

(In thousands, except per share data)

XOOM CORPORATION AND SUBSIDIARIES

Key Metrics

XOOM CORPORATION AND SUBSIDIARIES

Reconciliation of GAAP to Non-GAAP Operating Results

XOOM CORPORATION AND SUBSIDIARIES

Forward-Looking Guidance