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1. Company Snapshot

1.a. Company Description

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 Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit card outsourcing, card issuing, and merchant acquiring services.


It also offers ATM and POS currency conversion, ATM surcharge, advertising, customer relationship management, mobile top-up, bill payment, fraud management, foreign remittance and cardless payout, banknote recycling, and tax-refund services; and integrated electronic financial transaction software solutions, as well as delivers non-cash products.This segment operates a network of 42,713 ATMs and approximately 438,000 POS terminals.Its epay segment distributes and processed prepaid mobile airtime and other electronic payment products; and provides payment processing services for various prepaid products, cards, and services, as well as vouchers and physical gift fulfillment, and gift card distribution and processing services.


This segment operates a network of approximately 775,000 POS terminals.The company's Money Transfer segment offers consumer-to-consumer and account-to-account money transfer, customers bill payment, check cashing, foreign currency exchange, mobile top-up, and cash management and foreign currency risk management services, as well as payment alternatives, such as money orders and prepaid debit cards.This segment operates a network of approximately 510,000 money transfer locations.


The company was formerly known as Euronet Services, Inc.and changed its name to Euronet Worldwide, Inc.in August 2001.


Euronet Worldwide, Inc.was founded in 1994 and is headquartered in Leawood, Kansas.

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1.b. Last Insights on EEFT

Euronet Worldwide's recent performance faced negative drivers, including reduced institutional investor holdings. Mutual of America Capital Management LLC and Teacher Retirement System of Texas decreased their positions in the company by 4.9% and 14.0%, respectively. Additionally, AlphaQuest LLC sold 6,721 shares, reducing its stake by 75.1%. Despite Q3 earnings beating estimates, with a 19% year-over-year increase to $3.62 per share, investors' attention is drawn to options market movements. The company's digital transformation efforts and global expansion initiatives are underway.

1.c. Company Highlights

2. Euronet's Q3 2025 Earnings: A Resilient Performance Amidst Macroeconomic Headwinds

Euronet's third-quarter 2025 financial performance was marked by revenue of $1.1 billion, operating income of $195 million, adjusted EBITDA of $245 million, and adjusted earnings per share (EPS) of $3.62, beating analyst estimates of $3.57. The company's diverse business model and effective expense management helped offset the impacts of macroeconomic and policy decisions surrounding immigration. The adjusted EPS growth of 19% year-over-year demonstrates the company's ability to navigate challenging conditions.

Publication Date: Oct -27

📋 Highlights
  • Strong Q3 Financials: Revenue reached $1.1 billion, with adjusted EPS of $3.62 (19% YoY growth), driven by 4% increases in operating income and adjusted EBITDA ($195M and $245M, respectively).
  • EFT Segment Growth: Revenue grew 5%, with operating income and adjusted EBITDA up 4%, fueled by expansion in Morocco, Egypt, and the Philippines.
  • Money Transfer Digital Shift: Direct-to-consumer digital transactions surged 32% YoY, accounting for 16% of total transactions, despite 1% overall segment revenue growth due to softer corridors.
  • epay Segment Resilience: Revenue declined 5% due to wholesale mobile top-up shifts, but operating income rose 4% and adjusted EBITDA increased 2%.
  • Strategic Financial Moves: Completed a $1 billion convertible bond offering, $130 million in share repurchases (13% pretax ROI), and $1.2 billion in unrestricted cash, positioning for 12–16% YoY EPS growth in 2025 and beyond.

Segmental Performance

The EFT segment delivered a strong quarter, with revenue growing 5% and operating income and adjusted EBITDA growing 4%. The business continues to drive growth, led by expansion in developing markets such as Morocco, Egypt, and the Philippines. In contrast, the epay segment's revenue declined 5% due to a shift in the wholesale mobile top-up business, but operating income increased 4% and adjusted EBITDA increased 2%. The Money Transfer segment's revenue grew 1% year-over-year, driven by a 32% increase in direct-to-consumer digital transactions, as highlighted by Mike Brown, "Direct-to-consumer digital transactions grew 32% year-over-year, representing 16% of total money transfer transactions, demonstrating continued adoption of our digital channel."

Balance Sheet and Capital Allocation

Euronet's balance sheet remains strong, with $1.2 billion in unrestricted cash and debt of $2.3 billion. The company completed a $1 billion convertible bond offering at an attractive interest rate, strengthening its financial flexibility to invest in growth opportunities. Euronet has also repurchased approximately $130 million of its shares in the quarter, with a pretax ROI of approximately 13%.

Valuation and Outlook

With a P/E Ratio of 12.11 and an EV/EBITDA of 6.92, Euronet's valuation appears reasonable, considering its growth prospects. The company's ROE of 23.58% and ROIC of 10.04% indicate strong profitability. Euronet expects to finish the year with year-over-year earnings growth similar to the third quarter, supporting its confidence in delivering 12% to 16% year-over-year earnings growth. Analysts estimate next year's revenue growth at 7.2%, which is factored into the current valuation. The company's digital asset strategy and plans to launch stablecoin-enabled use cases in the first quarter of 2026 are expected to drive future growth.

Challenges and Opportunities

The company's Money Transfer segment was impacted by immigration policies and economic conditions, but Euronet is cautiously optimistic about the fourth quarter, citing signs of improvement in October. The company's omnichannel approach and expansive geographic presence position it well to navigate the challenges and capitalize on opportunities in the digital payments space.

3. NewsRoom

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2,845 Shares in Euronet Worldwide, Inc. $EEFT Acquired by Connor Clark & Lunn Investment Management Ltd.

Nov -21

Source: defenseworld.net

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Is the Options Market Predicting a Spike in Euronet Worlwide Stock?

Nov -11

Source: zacks.com

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Is the Options Market Predicting a Spike in Euronet Stock?

Nov -11

Source: zacks.com

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Teacher Retirement System of Texas Sells 3,280 Shares of Euronet Worldwide, Inc. $EEFT

Nov -04

Source: defenseworld.net

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AlphaQuest LLC Sells 6,721 Shares of Euronet Worldwide, Inc. $EEFT

Nov -02

Source: defenseworld.net

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Euronet Worldwide, Inc. $EEFT Position Trimmed by Mutual of America Capital Management LLC

Oct -26

Source: defenseworld.net

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Analyzing ALT5 Sigma (NASDAQ:ALTS) and Euronet Worldwide (NASDAQ:EEFT)

Oct -26

Source: defenseworld.net

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Euronet Q3 Earnings Beat Estimates on Digital Transformation Efforts

Oct -23

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.64%)

6. Segments

Money Transfer

Expected Growth: 6.5%

Euronet Worldwide's 6.5% growth in money transfer is driven by increasing demand for digital remittance services, expansion into new markets, and strategic partnerships. Additionally, the company's investment in digital platforms and mobile apps has improved customer experience, leading to increased transaction volumes and revenue growth.

Epay

Expected Growth: 6.0%

Epay's 6.0% growth driven by increasing demand for digital payment solutions, expansion into new markets, and strategic partnerships. Growing e-commerce adoption, rising mobile penetration, and government initiatives promoting digital payments also contribute to growth. Additionally, Epay's diversified revenue streams, including money transfers, prepaid, and payment processing, provide a solid foundation for continued expansion.

Electronic Funds Transfer Processing

Expected Growth: 7.5%

Euronet Worldwide's 7.5% growth in Electronic Funds Transfer Processing is driven by increasing adoption of digital payments, expansion into emerging markets, and strategic partnerships. Additionally, the company's investment in technology and infrastructure has improved efficiency and scalability, enabling it to capitalize on the growing demand for online transactions.

Corporate Services, Eliminations and Other

Expected Growth: 5.5%

Euronet Worldwide, Inc.'s 5.5% growth in Corporate Services, Eliminations and Other is driven by increasing demand for digital payment solutions, expansion into new markets, and strategic acquisitions. Additionally, the company's focus on cost savings initiatives and operational efficiencies have contributed to the growth.

7. Detailed Products

ATM

Euronet Worldwide, Inc. operates a network of ATMs across the globe, providing convenient cash access to customers.

Money Transfer

Euronet's money transfer services enable individuals to send and receive money across the globe.

Currency Exchange

Euronet offers currency exchange services at airports, tourist destinations, and online.

Prepaid Cards

Euronet issues prepaid cards for various uses, including general purpose reloadable cards and gift cards.

Digital Integrated Payments Cloud (DIPC)

Euronet's DIPC is a cloud-based payment platform that enables businesses to process payments efficiently.

Ria Money Transfer

Ria Money Transfer is a global money transfer service that enables individuals to send and receive money across the globe.

xchg

xchg is a digital foreign exchange platform that enables individuals and businesses to exchange currency online.

8. Euronet Worldwide, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Euronet Worldwide, Inc. operates in the digital payment industry, which is rapidly evolving. While there are substitutes available, such as cash and other digital payment methods, Euronet's services are widely accepted and have a strong brand presence, reducing the threat of substitutes.

Bargaining Power Of Customers

Euronet Worldwide, Inc. has a diverse customer base, including consumers, merchants, and financial institutions. While customers have some bargaining power, Euronet's services are often essential to their operations, reducing their bargaining power.

Bargaining Power Of Suppliers

Euronet Worldwide, Inc. relies on various suppliers, including financial institutions, payment networks, and technology providers. While suppliers have some bargaining power, Euronet's scale and diversified supplier base mitigate this risk.

Threat Of New Entrants

The digital payment industry is rapidly evolving, and new entrants are emerging with innovative solutions. Euronet Worldwide, Inc. faces a high threat of new entrants, which could disrupt its business model and market share.

Intensity Of Rivalry

The digital payment industry is highly competitive, with many established players and new entrants vying for market share. Euronet Worldwide, Inc. faces intense rivalry from competitors, which could impact its pricing power and market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 60.54%
Debt Cost 3.96%
Equity Weight 39.46%
Equity Cost 10.88%
WACC 6.69%
Leverage 153.42%

11. Quality Control: Euronet Worldwide, Inc. passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

74.01$

Current Price

74.01$

Potential

-0.00%

Expected Cash-Flows