Euronet Worldwide Reports Record Q2 Revenue of $1.1 Billion, Reaffirms 12%-16% Earnings Growth Expectation for 2025.

Euronet Worldwide reported record Q2 2025 revenue of $1.1 billion, operating income of $159 million, and adjusted EBITDA of $206 million. The money transfer segment saw a 33% growth in constant currency operating income. Euronet also acquired CoreCard, a credit card processing platform, and signed a significant Ren deal with a major US bank. However, the EFT segment experienced a deceleration in growth, and higher interest expenses impacted earnings.

Euronet Worldwide Inc. (NASDAQ: EEFT) has reported record second-quarter results for 2025, showcasing strong financial performance and strategic initiatives. The company's stock price reacted positively, increasing by 1.1% to $100.10 following the announcement [1].

Key Financial Highlights

- Revenue: Euronet reported record second-quarter revenue of $1,074.3 million, representing a 9% increase from $986.2 million in Q2 2024, or 6% growth on a constant currency basis.
- Operating Income: Operating income rose 18% to $158.6 million.
- Adjusted EBITDA: Adjusted EBITDA increased 16% to $206.2 million.
- Adjusted EPS: Adjusted earnings per share reached $2.56, up 14% from $2.25 in the same quarter last year.

Segment Performance

The company's performance was robust across all three business segments. The EFT Processing segment delivered 11% revenue growth, while epay grew by 7%, and Money Transfer increased by 9%. Notably, the Money Transfer segment demonstrated exceptional profitability improvement with operating income surging 39% year-over-year [1].

Strategic Initiatives

Euronet's most significant strategic move was the acquisition of CoreCard (NYSE: CCRD), a leading U.S.-based provider of card management systems. The $248 million acquisition represents a major step in Euronet's digital transformation journey and expansion into credit card processing. CoreCard brings a modern credit card processing platform proven at scale, with marquee clients including Goldman Sachs, American Express (NYSE: AXP), and fintech companies like Cardless and Gemini [1].

Additionally, Euronet signed a multi-year agreement to provide its Ren technology to one of the top three banks in the United States, involving ATM software and transaction switching. The company also acquired a majority stake in Kyodai Remittance, a leading Japanese firm, strengthening its position in the Asian market [1].

Digital Transformation

Euronet continues to shift from physical ATMs to digital payment solutions. The company reported 29% growth in digital transactions within its Money Transfer segment, with 55% of payouts now going through digital channels. Similarly, 70% of epay transactions are now fully digital [1].

Financial Position

As of June 30, 2025, Euronet reported $1,329.3 million in unrestricted cash, down slightly from $1,393.6 million at the end of Q1 2025. Total debt stood at $2,438.1 million, resulting in a total debt to trailing twelve-month adjusted EBITDA multiple of 3.4x and a net debt to adjusted EBITDA multiple of 1.5x, indicating a manageable leverage position [1].

Outlook

Euronet's management expressed confidence in the company's growth trajectory, highlighting a strong pipeline of opportunities across all segments. The company reaffirmed its focus on expanding digital channels and leveraging the CoreCard acquisition to accelerate growth in credit card processing [1].

References

[1] https://za.investing.com/news/company-news/euronet-q2-2025-slides-record-revenue-and-strategic-corecard-acquisition-93CH-3814421