Euronet's Q2 2025: Discrepancies in CoreCard Growth, EFT Margins, and M&A Strategies

Record Financial Performance:
- Euronet Worldwide delivered revenue of $1.1 billion in Q2 2025, with operating income of $159 million and adjusted EPS of $2.56.
- This was driven by strong growth in the Money Transfer segment, which reported a 33% year-over-year increase in operating income, despite macro uncertainties.

CoreCard Acquisition and Strategic Growth:
- Euronet announced the acquisition of CoreCard, a leading credit card processing platform, valued at approximately $248 million.
- This acquisition is expected to extend Euronet's strategy into the digital payments processing space, with CoreCard's technology complementing Euronet's Ren platform to target a large TAM market.

Digital Strategy Expansion:
- Euronet signed a significant Ren deal with one of the top three U.S. banks, which will drive thousands of ATMs across the country.
- This deal underscores the quality and confidence banking leaders have in Euronet's Ren platform, enhancing Euronet's digital strategy and positioning it for growth in future quarters.

Money Transfer Segment Strength:
- The Money Transfer segment achieved 6% revenue growth, with operating income and adjusted EBITDA growing 33% and 28%, respectively.
- Fueled by disciplined cost management and strong performance across channels and geographies, this growth highlights Euronet's ability to navigate evolving immigration dynamics and regulatory changes, such as the new remittance tax.