EEFT

MKT CAP:$3B

Euronet Worldwide, Inc.

Market Cap

$3B

Technology·Software - Infrastructure·🇺🇸 United States·NASDAQ

Technology·Software Infra·🇺🇸·NASDAQ

Stock Price

$74.64+$0.54 (+0.73%)

Apr 23, 2026

Company Details

Euronet Worldwide, Inc. provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's Electronic Fund Tra...

CEO

Michael J. Brown

IPO Date

Mar 7, 1997

Website

www.euronetworldwide.com

Key Metrics TTM

Revenue

$4.3B

+13.8% YoY

Net Income

$346M

EPS (Diluted)

$7.54

Free Cash Flow

$738M

Revenue / Share

$88.13

Gross Margin

40.1%

Operating Margin

13.0%

Net Margin

8.0%

FCF Margin

17.1%

P/S

0.7x

P/E

9.1x

Earnings Reports

FY 2025

Feb 26, 2026

$4.2B+6.4%EPS $6.76

Q4 2025

Feb 26, 2026

$1.1B+5.9%EPS $1.08

Q2 2025

Aug 6, 2025

$1.1B+8.9%EPS $2.27

FY 2024

Feb 25, 2025

$4.0B+8.2%EPS $6.45

Q4 2024

Feb 25, 2025

$1.0B+9.4%EPS $0.98

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$715M	$244M	$30M
Q3 21	$817M	$332M	$114M
Q4 21	$812M	-$184M	$29M
Q1 22	$719M	$260M	$37M
Q2 22	$843M	$211M	$101M
Q3 22	$931M	$271M	$169M
Q4 22	$866M	$725M	$79M
Q2 23	$939M	$232M	$123M
Q3 23	$1.0B	$274M	$167M
Q4 23	$958M	$203M	$97M
Q1 24	$857M	$169M	$64M
Q2 24	$986M	$247M	$134M
Q3 24	$1.1B	$296M	$182M
Q4 24	$1.0B	$239M	$123M
Q2 25	$1.1B	$280M	$159M
Q4 25	$1.1B	$921M	$101M

Valuation

Quarter	P/S	P/E
Q2 21	1.1x	28.4x
Q3 21	1.1x	21.8x
Q4 21	1.0x	44.4x
Q1 22	1.0x	35.8x
Q2 22	1.0x	23.0x
Q3 22	0.9x	19.6x
Q4 22	0.9x	13.6x
Q2 23	0.9x	10.2x
Q3 23	0.8x	8.8x
Q4 23	0.8x	9.6x
Q1 24	0.8x	11.0x
Q2 24	0.8x	11.1x
Q3 24	0.8x	9.5x
Q4 24	0.8x	10.3x
Q2 25	0.7x	8.3x
Q4 25	0.7x	9.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$176M	$147M
Q3 21	$131M	$110M
Q4 21	$102M	$76M
Q1 22	$6M	-$18M
Q2 22	$175M	$146M
Q3 22	$268M	$242M
Q4 22	$300M	$275M
Q2 23	$217M	$194M
Q3 23	$287M	$260M
Q4 23	$136M	$110M
Q1 24	$30M	$6M
Q2 24	$182M	$149M
Q3 24	$440M	$421M
Q4 24	$80M	$46M
Q2 25	$183M	$148M
Q4 25	$154M	$123M

Capital Expenditures

Quarter	CapEx
Q2 21	$29M
Q3 21	$21M
Q4 21	$26M
Q1 22	$24M
Q2 22	$29M
Q3 22	$26M
Q4 22	$25M
Q2 23	$23M
Q3 23	$27M
Q4 23	$25M
Q1 24	$24M
Q2 24	$33M
Q3 24	$19M
Q4 24	$34M
Q2 25	$35M
Q4 25	$32M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+35.4%	+8.8%
Q3 21	+22.9%	+17.3%
Q4 21	+14.8%	+19.2%
Q1 22	+10.1%	+6.2%
Q2 22	+18.0%	+8.4%
Q3 22	+14.1%	+8.7%
Q4 22	+6.7%	+0.5%
Q2 23	+30.7%	+19.8%
Q3 23	+19.1%	+12.8%
Q4 23	+2.8%	+12.8%
Q1 24	-1.0%	+0.8%
Q2 24	+5.0%	+4.3%
Q3 24	+9.5%	+9.6%
Q4 24	+9.4%	+7.5%
Q2 25	+25.4%	+15.5%
Q4 25	+12.4%	+18.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$11M	1.5%
Q3 21	$7M	0.8%
Q4 21	$10M	1.3%
Q1 22	$10M	1.4%
Q2 22	$10M	1.2%
Q3 22	$10M	1.1%
Q4 22	$14M	1.6%
Q2 23	$13M	1.3%
Q3 23	$13M	1.3%
Q4 23	$14M	1.5%
Q1 24	$13M	1.5%
Q2 24	$10M	1.0%
Q3 24	$11M	1.0%
Q4 24	$11M	1.0%
Q2 25	$14M	1.3%
Q4 25	$15M	1.4%

OpEx Breakdown

Quarter	SG&A
Q2 21	$180M
Q3 21	$184M
Q4 21	$286M
Q1 22	$191M
Q2 22	$74M
Q3 22	$70M
Q4 22	$612M
Q2 23	$75M
Q3 23	$74M
Q4 23	$72M
Q1 24	$72M
Q2 24	$79M
Q3 24	$81M
Q4 24	$83M
Q2 25	$83M
Q4 25	$117M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 21	35.4%	8.9%	44.3
Q3 21	22.9%	18.2%	41.1
Q4 21	14.8%	12.6%	27.5
Q1 22	10.1%	9.7%	19.8
Q2 22	18.0%	16.3%	34.3
Q3 22	14.1%	21.6%	35.7
Q4 22	6.7%	13.1%	19.8
Q2 23	30.7%	16.6%	47.3
Q3 23	19.1%	19.9%	39.0
Q4 23	2.8%	13.7%	16.5
Q1 24	-1.0%	11.3%	10.3
Q2 24	5.0%	17.0%	22.1
Q3 24	9.5%	19.6%	29.1
Q4 24	9.4%	14.8%	24.2
Q2 25	25.4%	18.3%	43.7
Q4 25	12.4%	12.7%	25.1

Rule of 40

Revenue Segments

Quarter	EFT Processing Segment	Epay Segment	Money Transfer Segment	Unallocated Amount to Segment, Intersegment Eliminations and Other
Q2 21	$113M	$244M	$359M	-$2M
Q3 21	$227M	$238M	$353M	-$2M
Q4 21	$163M	$287M	$363M	-$2M
Q1 22	$146M	$236M	$339M	-$2M
Q2 22	$249M	$228M	$368M	-$2M
Q3 22	$319M	$249M	$365M	-$2M
Q4 22	$210M	$286M	$372M	-$2M
Q2 23	$282M	$264M	$395M	—
Q3 23	$346M	$265M	$396M	—
Q4 23	$238M	$317M	$405M	—
Q1 24	$217M	$257M	$385M	—
Q2 24	$305M	$261M	$422M	—
Q3 24	$373M	$290M	$438M	—
Q4 24	$266M	$342M	$442M	—
Q2 25	$339M	$280M	$458M	—

Revenue by Geography

Quarter	Asia Pacific	Europe	North America	Other geographic locations
Q2 21	$90M	$383M	$220M	$23M
Q3 21	$91M	$479M	$222M	$26M
Q4 21	$101M	$459M	$228M	$26M
Q1 22	$98M	$388M	$209M	$26M
Q2 22	$100M	$488M	$229M	$27M
Q3 22	$98M	$578M	$231M	$26M
Q2 23	$107M	$562M	$249M	$23M
Q3 23	$101M	$622M	$251M	$32M
Q4 23	$111M	$558M	$255M	$35M
Q1 24	$105M	$475M	$238M	$41M
Q2 24	$123M	$565M	$266M	$34M
Q3 24	$129M	$659M	$279M	$35M
Q2 25	$125M	$645M	$268M	$39M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.6B	$0	$1.6B
Q2 22	$1.9B	$0	$1.9B
Q3 22	$1.6B	$0	$1.6B
Q4 22	$1.6B	$0	$1.6B
Q1 23	$1.7B	$0	$1.7B
Q2 23	$1.9B	$0	$1.9B
Q3 23	$1.7B	$0	$1.7B
Q4 23	$1.8B	$0	$1.8B
Q1 24	$1.9B	$0	$1.9B
Q2 24	$2.1B	$0	$2.1B
Q3 24	$2.3B	$0	$2.3B
Q4 24	$1.9B	$0	$1.9B
Q1 25	$2.1B	$0	$2.1B
Q2 25	$2.3B	$0	$2.3B
Q3 25	$2.0B	$0	$2.0B
Q4 25	$1.7B	$0	$1.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	54M	+2.4%	+3.4%
Q3 21	54M	-0.1%	+1.4%
Q4 21	52M	-3.7%	-2.8%
Q1 22	52M	-0.4%	-2.0%
Q2 22	54M	+4.0%	-0.4%
Q3 22	53M	-1.9%	-2.2%
Q4 22	53M	+0.0%	+1.6%
Q2 23	53M	+0.2%	+2.2%
Q3 23	51M	-2.6%	-4.3%
Q4 23	49M	-4.7%	-7.0%
Q1 24	49M	-0.2%	-7.2%
Q2 24	49M	-0.5%	-7.9%
Q3 24	48M	-2.4%	-7.6%
Q4 24	47M	-1.1%	-4.1%
Q2 25	43M	-8.7%	-12.3%
Q4 25	49M	+14.4%	+0.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$88.2K	8K
Q3 21	$100.8K	8K
Q4 21	$105.4K	8K
Q1 22	$93.3K	8K
Q2 22	$109.5K	8K
Q3 22	$120.9K	8K
Q4 22	$106.9K	8K
Q2 23	$115.9K	8K
Q3 23	$124.0K	8K
Q4 23	$95.8K	10K
Q1 24	$85.7K	10K
Q2 24	$98.6K	10K
Q3 24	$109.9K	10K
Q4 24	$98.8K	11K
Q2 25	$101.3K	11K
Q4 25	$102.7K	11K

Revenue / Employee