Business Description

Euronet Worldwide, Inc. is a global provider of electronic payment and transaction processing solutions, headquartered in Leawood, Kansas. The company operates through three primary segments: Electronic Funds Transfer (EFT) Processing, epay, and Money Transfer. It manages a vast independent network of ATMs and point-of-sale terminals, distributes prepaid digital content, and facilitates cross-border remittances through well-known brands like Ria and Xe.

Financial Statements

In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Total Revenues4,244,2003,989,8003,688,0003,358,800
Cost of Sales2,490,6002,389,3002,222,8002,018,200
Gross Profit1,753,6001,600,5001,465,2001,340,600
Selling, General & Administrative Expenses1,085,100965,500899,700819,300
Depreciation & Amortization Expenses138,500131,800132,900135,900
Other Operating Expenses200
Operating Profit529,800503,200432,600385,400
Interest and Investment Income23,20023,80015,2002,000
Interest Expense(84,500)(80,500)(55,600)(37,500)
Non-Operating Income(20,300)2,4008,200(27,300)
Total Non-Operating Income(81,600)(54,300)(32,200)(62,800)
Income Before Provision for Income Taxes448,200448,900400,400322,600
Provision for Income Taxes135,200142,600120,90091,900
Consolidated Net Income313,000306,300279,500230,700
Net Income Attributable to Minority Interests and Other(3,500)(300)200300
Net Income Attributable to Common Shareholders309,500306,000279,700231,000
Basic EPS7.406.825.774.60
Diluted EPS6.846.455.504.41
Basic Weighted Average Shares Outstanding41,81344,89748,48250,176
Diluted Weighted Average Shares Outstanding45,78348,08351,60053,463
Shares Outstanding39,33043,72845,77849,823
FY 2025FY 2024FY 2023FY 2022
Cash and Cash Equivalents1,690,6001,922,6001,779,4001,646,800
Total Cash and Cash Equivalents1,690,6001,922,6001,779,4001,646,800
Accounts Receivable334,500284,900370,600270,800
Other Receivables1,910,4001,522,7001,681,5001,442,700
Total Trade Receivables2,244,9001,807,6002,052,1001,713,500
Other Current Assets334,700306,300331,200366,400
Total Current Assets4,270,2004,036,5004,162,7003,726,700
Net Property, Plant & Equipment529,200461,800474,700486,300
Net Intangible Assets261,200188,900167,600188,300
Goodwill1,042,300859,200847,500828,300
Long-Term Investments88,00061,40060,000
Other Long-Term Assets297,800226,700181,900174,000
Total Assets6,488,7005,834,5005,894,4005,403,600
Accounts Payable268,700223,800241,200222,400
Accrued Expenses494,900475,700439,000505,700
Short-Term Debt983,200812,700150,300100
Current Portion of Leases54,90048,30050,30050,200
Unearned Revenue60,00056,40056,70065,400
Other Current Liabilities1,993,0001,609,1001,763,1001,510,200
Total Current Liabilities3,854,7003,226,0002,700,6002,354,000
Long-Term Debt1,037,6001,134,4001,715,4001,609,100
Leases100,60087,40095,800102,700
Other Long-Term Liabilities173,300157,500132,90093,400
Total Long-Term Liabilities1,311,5001,379,3001,944,1001,805,200
Total Liabilities5,166,2004,605,3004,644,7004,159,200
Common Stock1,4001,3001,3001,300
Treasury Stock(2,425,400)(1,755,200)(1,487,700)(1,105,800)
Additional Paid-in Capital1,549,8001,370,1001,311,6001,251,800
Accumulated Other Comprehensive Income(61,700)(321,500)(203,200)(251,000)
Retained Earnings2,243,4001,934,0001,627,9001,348,300
Total Common Shareholders' Equity1,307,5001,228,7001,249,9001,244,600
Minority Interests and Other15,000500(200)(200)
Total Shareholders' Equity1,322,5001,229,2001,249,7001,244,400
Total Liabilities and Shareholders' Equity6,488,7005,834,5005,894,4005,403,600
FY 2025FY 2024FY 2023FY 2022
Net Income313,000306,300279,500230,700
Depreciation & Amortization138,500131,800132,900135,800
Share-Based Compensation Expense55,10043,90053,70044,100
Other Adjustments3,50041,7009,70039,800
Changes in Trade Receivables(128,200)269,800(190,900)(299,400)
Changes in Accounts Payable242,000(53,900)53,600178,100
Changes in Accrued Expenses52,300(6,600)238,700608,200
Changes in Income Taxes Payable(10,700)10,30011,60010,800
Changes in Unearned Revenue(3,500)1,200(10,300)(8,400)
Changes in Other Operating Activities(102,200)(11,700)64,600(191,500)
Cash from Operating Activities559,800732,800643,100748,300
Capital Expenditure(125,500)(117,200)(94,400)(104,300)
Purchases of Intangible Assets(13,500)(14,600)(9,100)(7,700)
Payments for Business Acquisitions24,000(91,600)(1,300)(343,000)
Other Investing Activities(23,500)100(52,800)1,200
Cash from Investing Activities(138,500)(223,300)(157,600)(453,800)
Issuance of Short-Term Debt9,159,4007,971,0007,925,8007,904,600
Repayments of Short-Term Debt(9,655,800)(7,988,100)(7,393,600)(7,733,200)
Net Issuance / (Repayments) of Short-Term Debt(496,400)(17,100)532,200171,400
Issuance of Long-Term Debt1,000,000
Repayments of Long-Term Debt(491,800)
Net Issuance / (Repayments) of Long-Term Debt508,200
Issuance of Common Shares9,00017,2007,8009,100
Repurchases of Common Shares(667,700)(268,600)(378,400)(176,000)
Net Issuance / (Repurchases) of Common Shares(658,700)(251,400)(370,600)(166,900)
Other Financing Activities(141,700)132,800(304,800)(5,700)
Cash from Financing Activities(788,600)(135,700)(143,200)(1,200)
Effect of Exchange Rate Changes on Cash and Cash Equivalents241,900(132,600)(86,100)(388,600)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash(125,400)241,200256,200(95,300)

Key Metrics & Ratios

MetricValue
Market Cap$2.99B
P/E11.13x
P/S0.71x
EV/EBITDA5.23x
Return on Equity24.5%
Return on Invested Capital12.5%
Current Ratio1.11x
Free Cash Flow Margin10.2%

Margins

Gross margin
41.3%
Operating margin
12.5%
Net margin
7.3%

Quarterly Trend

QuarterRevenueYoY growthOperating marginOperating income
Q2 2026 $1.11B +3.2% 12.4% $137M
Q1 2026 $1.01B +10.5% 7.1% $72M
Q4 2025 $1.11B +5.9% 9.1% $101M
Q3 2025 $1.15B +4.2% 17.0% $195M
Q2 2025 $1.07B 14.8% $159M
Q1 2025 $916M 8.2% $75M
Q4 2024 $1.05B 11.7% $123M
Q3 2024 $1.10B 16.6% $182M

More on Euronet Worldwide, Inc.

Figures compiled from public company filings.

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