Euronet Worldwide Inc

Latest Results (16.05.2026):

Euronet Worldwide Inc — fourth quarter of 2025: The company reported Q4 2025 revenue of $1,108.7 million (up 6% YoY) while operating income declined to $101.0 million (down 18% YoY). Adjusted EBITDA for the quarter was $174.3 million (up 5%), net income attributable to Euronet was $51.5 million (diluted EPS $1.08) and adjusted diluted EPS was $2.39 (up 15% YoY). For full-year 2025, revenues were $4,244.2 million (up 6%) and adjusted diluted EPS was $9.61 (up 12%). Management cited near-term pressure in Money Transfer and epay but reiterated a target of 10%–15% adjusted EPS growth for 2026 (ex-FX/other impacts).

Key Q4 2025 financials

Revenue: $1,108.7M (+6% vs. Q4 2024; +1% constant currency). Operating income: $101.0M (–18%; –23% cc). Adjusted operating income: $121.6M (–1%; –6% cc). Adjusted EBITDA: $174.3M (+5%; flat cc). Net income attributable: $51.5M; diluted EPS $1.08. Adjusted diluted EPS: $2.39 (+15%).

Full‑year 2025 highlights

Revenues: $4,244.2M (+6%; +4% cc). Operating income: $529.8M (+5%; +1% cc). Adjusted operating income: $550.4M (+9%; +5% cc). Adjusted EBITDA: $743.7M (+10%; +6% cc). Net income attributable: $309.5M (diluted EPS $6.84). Adjusted diluted EPS: $9.61 (+12%).

Segment performance (Q4 2025)

EFT Processing: Revenues $303.3M (+14% YoY; +8% cc), adjusted EBITDA $72.7M (+18%), transactions 4,306M (+34%), installed ATMs 56,818 (+3%). epay: Revenues $353.6M (+3%), adjusted EBITDA $48.8M (–2%; –8% cc), POS terminals ~749k (–4%). Money Transfer: Revenues $454.4M (+3%), operating income fell to $37.2M (–36%), adjusted operating income $57.6M (–1%), transactions ~46.7M stable, network locations ~639k (+5%).

Strategic and operational moves

Signed agreement to acquire CrediaBank’s merchant acquiring business (~20,000 merchants); added ~3,700 net new acquiring merchants in Q4 for Euronet Merchant Services. Expanded epay content distribution with Revolut to 20 countries and signed a Dandelion network agreement with WorldFirst to support cross‑border SME payments. Management emphasized continued investment in digital remittances, merchant acquiring, infrastructure and a revolving credit platform.

Balance sheet and liquidity

Cash & cash equivalents: $1,040.3M; ATM cash: $650.3M; combined cash/ATM cash $1,690.6M as of Dec 31, 2025. Availability under revolving credit facilities: approximately $1,780.5M. Total assets $6,488.7M and total liabilities $5,166.2M as reported.

Non‑GAAP adjustments and charges

Q4 included a $20.4M Money Transfer restructuring charge and a $0.2M contract asset impairment; adjusted measures exclude these items (and share‑based comp, amortization, certain tax items). The company provides reconciliations in its schedules but warns forward‑looking non‑GAAP reconciliations are not provided.

Outlook and commentary

Management noted Q4 pressures from economic stress among lower‑income consumers and immigration policy uncertainty affecting Money Transfer and epay. Despite that, Euronet expects to deliver double‑digit adjusted EPS growth of 10%–15% in 2026 excluding FX, interest rate or other unforeseen impacts.