Euronet Worldwide Earnings Call Transcripts
Fiscal Year 2026
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Adjusted EPS grew 10% year-over-year, driven by strong digital accelerator performance, which now accounts for 26% of revenue and grew 35% year-to-date. Despite macro headwinds in cross-border payments and ATM activity, the outlook and full-year guidance remain unchanged, with continued investment in digital and share buybacks.
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Management outlined a strategy focused on leveraging a unified technology platform, accelerating digital and recurring revenue streams, and expanding global reach. Digital accelerators are expected to drive 21% of 2025 revenue at 20%-25% CAGR, with EBITDA margin expansion and disciplined capital allocation supporting long-term growth.
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Q1 2026 saw 19% adjusted EPS growth and strong digital momentum, with robust EFT and Epay results offsetting money transfer headwinds from U.S. immigration and Middle East volatility. Full-year adjusted EPS growth of 10%-15% is expected, supported by a strong balance sheet.
Fiscal Year 2025
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Fourth quarter and full-year 2025 results showed resilience amid macroeconomic and immigration headwinds, with double-digit adjusted EPS growth and strong performance in EFT and digital channels. Strategic acquisitions and digital initiatives are set to drive 10%-15% EPS growth in 2026.
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Q3 2025 saw adjusted EPS rise 19% year-over-year, with solid operating margins despite revenue softness from macroeconomic and immigration headwinds. Digital initiatives, new partnerships, and strong capital management support confidence in 12%-16% annual EPS growth.
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Record Q2 results featured 14% adjusted EPS growth, strong money transfer performance, and a reaffirmed 12–16% 2025 earnings growth outlook. The CoreCard acquisition and a major U.S. bank REN deal accelerate digital strategy and future growth.
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Double-digit growth in operating income and adjusted EBITDA was achieved, with all segments contributing to record Q1 results. Money transfer and digital channels led growth, and guidance for 12%-16% adjusted EPS growth in 2025 was reaffirmed. Net debt leverage remains low at 1x EBITDA.
Fiscal Year 2024
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Record 2024 results with double-digit growth in revenue, EPS, and all segments. Digital and cross-border payments outpaced market growth, while ATM revenue declined as a share of total but remained profitable. 2025 guidance targets 12%-16% EPS growth, including a one-time tax charge.
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Record Q3 results with double-digit growth in revenue, earnings, and all major segments. Strong free cash flow, share repurchases, and robust digital and international expansion support confidence in exceeding full-year guidance and sustaining double-digit growth into 2025.
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Record Q2 results with double-digit growth in EFT and strong money transfer performance drove revenue to $986M and adjusted EPS up 11% year-over-year. Free cash flow exceeded $80M, enabling $114M in share repurchases. Management remains confident in 10%-15% full-year earnings growth.