Euronet Worldwide Reports Third Quarter 2026 Financial Results

Cross-Border Payments operating income fell 37%, despite a 34% increase in the segment's digital transactions.

Rhea-AI Summary

Euronet Worldwide (Nasdaq: EEFT) reported third-quarter 2026 revenue of $1,161.1 million, up 1% from the same period in 2025. Operating income fell 12% to $171.6 million, and diluted earnings per share declined to $2.53 from $2.75. Adjusted earnings per share fell 2% to $3.55.

Cross-Border Payments revenue fell 5%, while Payments Infrastructure and epay revenue rose 7% and 3%, respectively. Euronet revised its 2026 outlook to approximately $4.375 billion in revenue, approximately $725 million in adjusted EBITDA and approximately 10% adjusted earnings-per-share growth. The company cited immigration-related pressures, broader economic pressures and currency conversion changes.

Euronet repurchased $50 million of shares and reduced debt by $476.7 million during the quarter. Revenue from its digital accelerators grew 33% for the nine months ended September 30, representing 26% of year-to-date revenue.

14 points · 0 major

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1 major · 19 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointThird-quarter revenue rose 1% year over year to $1,161.1 million; growth was 3% excluding currency changes.
• Moderate pointShare repurchases totaled $50 million, representing approximately 690,000 shares during the quarter. 2.1% of market cap
• Moderate pointTotal indebtedness fell $476.7 million during the quarter to $2,177.3 million at September 30, 2026. 20% of market cap
• Moderate pointDigital accelerator revenue grew 33% for the nine months ended September 30, reaching 26% of year-to-date revenue.
• Moderate pointPayments Infrastructure revenue rose 7% year over year to $437.9 million; growth was 9% excluding currency changes.
• Moderate pointPayments Infrastructure adjusted EBITDA rose 2% to $157.9 million; growth was 4% excluding currency changes.
• Moderate pointepay revenue rose 3% year over year to $294.7 million; growth was 5% excluding currency changes.
• Moderate pointepay operating income rose 3% to $31.8 million; growth was 5% excluding currency changes.
• Moderate pointepay adjusted EBITDA rose 3% to $33.4 million; growth was 6% excluding currency changes.
• Moderate pointDiebold Nixdorf collaboration letter of intent signed to transform ATM networks globally.

4 minor points

• Minor pointRevolving credit availability was approximately $1.1 billion at quarter-end.
• Minor pointPayments Infrastructure operating income rose less than 1% to $128.2 million; growth was 2% excluding currency changes.
• Minor pointepay transactions increased 4% year over year to 1,191 million.
• Minor pointCross-Border Payments digital transactions increased 34% year over year to 8.1 million.

Negative

• Major point. Forward-looking: it has not happened yet and may not happen.Revised 2026 outlook targets approximately $4.375 billion revenue, approximately $725 million adjusted EBITDA and approximately 10% adjusted EPS growth.
• Moderate pointOperating income fell 12% year over year to $171.6 million; decline was 10% excluding currency changes.
• Moderate pointAdjusted operating income fell 13% to $169.9 million; decline was 11% excluding currency changes.
• Moderate pointAdjusted EBITDA fell 8% year over year to $226.1 million; decline was 6% excluding currency changes.
• Moderate pointNet income attributable to Euronet fell to $113.6 million from $122.0 million a year earlier.
• Moderate pointDiluted EPS fell to $2.53 from $2.75 in the third quarter of 2025.
• Moderate pointAdjusted EPS declined 2% year over year to $3.55 from $3.62.
• Moderate pointCross-Border Payments revenue fell 5% to $431.0 million; decline was 4% excluding currency changes.
• Moderate pointCross-Border Payments operating income fell 37% to $37.3 million; decline was 35% excluding currency changes.
• Moderate pointCross-Border Payments adjusted EBITDA fell 34% to $43.6 million; decline was 32% excluding currency changes.
• Moderate pointTotal cash fell to $1,887.9 million at September 30 from $2,220.7 million at June 30, 2026.
• Moderate pointDiebold Nixdorf collaboration remains at letter-of-intent stage, rather than a definitive agreement.

7 minor points

• Minor pointCross-Border Payments total transactions declined 2% year over year to 45.3 million.
• Minor pointApproximately $6 million incremental digital investment contributed to Cross-Border Payments profit declines.
• Minor pointPayments Infrastructure adjusted operating income fell 1% to $126.5 million, unchanged excluding currency changes.
• Minor pointCoreCard-related non-cash purchase price amortization increased $4.7 million, affecting Payments Infrastructure adjusted operating income.
• Minor pointPayments Infrastructure incurred $1.7 million additional expense from cash-rebate and acquisition-accounting timing differences.
• Minor pointCost inflation affected Payments Infrastructure operating income and adjusted EBITDA.
• Minor pointCorporate expenses increased to $25.7 million from $23.4 million, primarily reflecting higher long-term share-based compensation.

News Explained

Cross-Border operating income fell 37 percent while digital transactions rose 34 percent.

The reported third-quarter results put Euronet's September 30, 2026 position at $1,887.9 million in total cash, including ATM and restricted cash, and $2,177.3 million in total indebtedness.

The company says the quarter's debt decline reflected the seasonal return of ATM cash after peak European travel and cash generated from operations, partly offset by share repurchases.

In Cross-Border Payments, revenue fell 5% and operating income fell 37%, while digital transactions rose 34% year over year.

Adjusted EBITDA was $226.1 million, down 8% from the prior-year period; Euronet defines this as a performance measure, not a liquidity measure.

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Market move: EEFT -6.55% vs previous close. 3Q26 earnings report

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$2.24B Mkt Cap at Last Price

On Oct 27, the day this news came out, the latest delayed price for EEFT is 6.55% below the previous close. Our momentum scanner has recorded 2 alerts for this stock so far that day. The latest delayed price is $59.76. Relative volume is exceptionally heavy at 27.4x the average.

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Key Figures

Revenue: $1,161.1 million, up 1% Operating income: $171.6 million, down 12% Adjusted EBITDA: $226.1 million, down 8% +5 more

Revenue

$1,161.1 million, up 1%

Third quarter 2026 versus the prior-year period

Operating income

$171.6 million, down 12%

Third quarter 2026 versus the prior-year period

Adjusted EBITDA

$226.1 million, down 8%

Third quarter 2026 versus the prior-year period

Diluted earnings per share

$2.53

Third quarter 2026; $2.75 in the prior-year period

Adjusted earnings per share

$3.55, down 2%

Third quarter 2026 versus the prior-year period

Cross-Border digital transactions

8.1 million, up 34%

Third quarter 2026 versus the prior-year period

Share repurchases

$50 million

During the third quarter 2026

Total indebtedness

$2,177.3 million

As of September 30, 2026

Previous Earnings Reports

2 past events · Latest: Jul 30

Same Type 2 events

1. Jul 30

   Q2 earnings report

   24h Move

   -8.4%

   Operating income and adjusted EBITDA fell; adjusted EPS growth outlook was reiterated at 10%–15%.

2. Oct 22

   Q3 earnings report

   24h Move

   -5.9%

   Revenue, adjusted EBITDA and adjusted EPS rose; the company projected 12%–16% adjusted EPS growth.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

constant currency, adjusted ebitda, non-gaap

3 terms

constant currency financial

"a 1% increase from $1,145.7 million (3% increase on a constant currency basis)"

Constant currency is a way of measuring financial results that removes the effects of changes in currency exchange rates. It allows for a clearer comparison of a company's performance over time by showing what the numbers would look like if exchange rates had stayed the same. This helps investors understand whether growth comes from actual business improvements or just currency fluctuations.

adjusted ebitda financial

"Adjusted EBITDA of $226.1 million, an 8% decrease"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-gaap financial

"the Company presents non-GAAP financial measures"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

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Highlights reflecting key achievements supporting the Company’s strategy and digital goals:

• Revenue from the digital accelerators introduced at the Company’s Investor Day^(*) increased 33% for the nine months ended September 30, 2026 and represented 26% of year-to-date revenues, demonstrating strong momentum for the continued investments in these strategic initiatives, such as Ria digital, merchant acquiring and the Ren product suite.
• Signed a letter of intent to collaborate globally with Diebold Nixdorf to transform ATM networks
• Unveiled OLON, a unified commerce ecosystem to accelerate merchant growth
• Repurchased $50 million of common stock, representing approximately 690,000 shares, during the quarter, reflecting disciplined capital allocation.
• Digital transactions within the Cross-Border Payments segment increased 34% in the third quarter of 2026 compared to the prior year period.

* See the Investor Day presentation at http://ir.euronetworldwide.com.

LEAWOOD, Kan., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Euronet (“Euronet” or the “Company”) (Nasdaq: EEFT), a global leader in payment processing and cross-border transactions, announced today third quarter 2026 financial results.

Euronet reports the following consolidated results for the third quarter 2026 compared with the same period of 2025:

• Revenues of $1,161.1 million, a 1% increase from $1,145.7 million (3% increase on a constant currency1 basis).
• Operating income of $171.6 million, a 12% decrease from $195.0 million (10% decrease on a constant currency basis).
• Adjusted operating income² of $169.9 million, a 13% decrease from $195.0 million (11% decrease on a constant currency basis, 8% decrease after excluding $4.7 million of incremental non-cash purchase price amortization).
• Adjusted EBITDA³ of $226.1 million, an 8% decrease from $244.6 million (6% decrease on a constant currency basis).
• Net income attributable to Euronet of $113.6 million, or $2.53 diluted earnings per share, compared with $122.0 million, or $2.75 diluted earnings per share.
• Adjusted earnings per share⁴ of $3.55 decreased 2% from $3.62 in the prior year period.

See the reconciliation of non-GAAP items in the attached financial schedules.  

“Our third-quarter results reflect the continued impact of U.S. immigration policy and global economic pressures on the Cross Border Payments segment, which has persisted longer than we anticipated,” said Michael J. Brown, Chairman and Chief Executive Officer of Euronet Worldwide. “While these results are below our expectations and our historical performance, we continued to see growth in the digital accelerators we introduced during our Investor Day in May. Year-to-date, these accelerators have grown 33%, reflecting the benefit of our continued investment in these strategic initiatives.

The Payments Infrastructure segment benefitted from the acquisition of CoreCard, together with growth in merchant acquiring and Ren sales. The epay segment had a solid quarter from continued growth in digital content and promotional campaigns executed during the quarter. During the quarter, we also returned another $50 million to shareholders through share repurchases.

While we remain confident in the long-term growth opportunities across our businesses, the persistent pressures experienced this quarter in Cross-Border Payments, together with broader macroeconomic pressures and FX conversion rates changes, have caused us to revise our 2026 outlook from the targets provided during our Investor Day in May. We now expect approximately $4.375 billion of revenue, approximately $725 million of Adjusted EBITDA and adjusted EPS growth of approximately 10%. Although these near-term challenges are disappointing, our digital accelerator strategy continues to demonstrate the growth necessary to generate strong cash flow and create long-term shareholder value.”

Segment and Other Results

The Payments Infrastructure Segment (formerly EFT Processing Segment) reports the following results for the third quarter 2026 compared with the same period or date in 2025:

• Revenues of $437.9 million, a 7% increase from $409.4 million (9% increase on a constant currency basis).
• Operating income of $128.2 million, or less than 1% increase from $128.1 million (2% increase on a constant currency basis).
• Adjusted operating income of $126.5 million, a 1% decrease from $128.1 million (no change on a constant currency basis).
• Adjusted EBITDA of $157.9 million, a 2% increase from $154.7 million (4% increase on a constant currency basis).
• Total of 59,688 installed ATMs as of September 30, 2026, a 4% increase from 57,534 as of September 30, 2025. Total of 58,420 active ATMs as of September 30, 2026, a 4% increase from 56,431 as of September 30, 2025.

Constant currency revenue growth was driven by continued growth in merchant acquiring, Ren sales, and the fourth quarter 2025 acquisition of CoreCard, partially offset by continued economic pressures on discretionary travel spend which negatively affects international ATM cash withdrawals. Adjusted EBITDA and operating income were impacted by continued cost inflation. Third quarter 2026 adjusted operating income also includes $1.7 million of additional expense related to a timing difference between a cash rebate payment and the U.S. GAAP purchase accounting expense recognition related to a prior acquisition. Adjusted operating income includes a $4.7 million increase in non-cash purchase price amortization related to the CoreCard acquisition. Excluding this additional amortization, constant currency adjusted operating income would have increased 4%.

The epay Segment reports the following results for the third quarter 2026 compared with the same period or date in 2025:

• Revenues of $294.7 million, a 3% increase from $286.5 million (5% increase on a constant currency basis).
• Operating income of $31.8 million, a 3% increase from $31.0 million (5% increase on a constant currency basis).
• Adjusted EBITDA of $33.4 million, a 3% increase from $32.5 million (6% increase on a constant currency basis).
• Transactions of 1,191 million, an 4% increase from 1,148 million.
• POS terminals of approximately 736,000 as of September 30, 2026, a 3% increase from approximately 712,000.
• Retailer locations of approximately 357,000 as of September 30, 2026, a 3% increase from approximately 346,000.

Constant currency revenue and operating income each increased 5% and adjusted EBITDA increased 6% as a result of continued demand for higher-value digital content, merchant acquiring and promotional campaigns.

The Cross-Border Payments Segment (formerly known as Money Transfer Segment) reports the following results for the third quarter 2026 compared with the same period or date in 2025:

• Revenues of $431.0 million, a 5% decrease from $452.4 million (4% decrease on a constant currency basis).
• Operating income of $37.3 million, a 37% decrease from $59.3 million (35% decrease on a constant currency basis).
  
• Adjusted EBITDA of $43.6 million, a 34% decrease from $65.9 million (32% decrease on a constant currency basis).
• Total transactions of 45.3 million, a 2% decrease from 46.0 million.
• Total digital transactions of 8.1 million, a 34% increase from 6.1 million.
• Network locations of approximately 654,000 as of September 30, 2026, a 3% increase from approximately 638,000.

Constant currency revenue was impacted by continued pressure from U.S. immigration policy and broader global economic uncertainty, partially offset by continued strength in the digital business, with digital transactions growing 34% and continued momentum in our Dandelion cross-border payments platform.

Declines in constant currency operating income and adjusted EBITDA were principally the result of the flow through of the revenue declines to the bottom line and approximately $6 million incremental investment in digital initiatives.

On a sequential quarterly basis, the third quarter constant currency revenue decline of 4% improved slightly over the second quarter decline of 5%. The sequential changes were the result of stable to improving trends in many of our international markets. Pressure persisted primarily in the U.S. market, but the last few months have shown stabilizing to modestly improving trends. While these trends are encouraging, we believe the market remains fragile in the context of the current geopolitical environment.

Corporate and Other reports $25.7 million of expense for the third quarter 2026 compared with $23.4 million for the third quarter 2025. The increase in corporate expenses was primarily driven by a $1.9 million increase in long-term share-based compensation.

Balance Sheet and Financial Position
Total cash, including ATM cash, unrestricted cash and cash equivalents and restricted cash, was $1,887.9 million as of September 30, 2026, compared to $2,220.7 million at June 30, 2026. Total indebtedness was $2,177.3 million, down from $2,654.0 million at June 30, 2026. Availability under the Company's revolving credit facilities was approximately $1.1 billion.

Total indebtedness decreased by $476.7 million during the quarter, reflecting the seasonal return of ATM cash following the peak European travel season and cash generated from operations, partially offset by $50 million of share repurchases.

The Company remains committed to reducing its debt balances in order to maintain its investment-grade credit rating.

Outlook
The Company is revising its 2026 outlook previously provided at its Investor Day in May to approximately $4.375 billion of revenue, approximately $725 million of Adjusted EBITDA and adjusted earnings per share growth of approximately 10% year-over-year. The revised outlook reflects immigration-related pressures within the Cross-Border Payments segment in several key corridors, broader global economic pressures and FX conversion rate changes. This outlook does not include any further changes that may develop in foreign exchange rates, interest rates or other unforeseen factors.

Non-GAAP Measures
In addition to the results presented in accordance with U.S. GAAP, the Company presents non-GAAP financial measures, such as constant currency financial measures, adjusted EBITDA, adjusted operating income and adjusted earnings per share. These measures should be used in addition to, and not a substitute for, revenues, operating income, net income and earnings per share computed in accordance with U.S. GAAP. We believe that these non-GAAP measures provide useful information to investors regarding the Company's performance and overall results of operations. These non-GAAP measures are also an integral part of the Company's internal reporting and performance assessment for executives and senior management. The non-GAAP measures used by the Company may not be comparable to similarly titled non-GAAP measures used by other companies. The attached schedules provide a full reconciliation of these non-GAAP financial measures to their most directly comparable U.S. GAAP financial measure.

The Company does not provide a reconciliation of its forward-looking non-GAAP measures to GAAP due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for GAAP and the related GAAP and non-GAAP reconciliation, including adjustments that would be necessary for foreign currency exchange rate fluctuations and other charges reflected in the Company's reconciliation of historic numbers, the amount of which, based on historical experience, could be significant.

⁽¹⁾ Constant currency financial measures are computed as if foreign currency exchange rates did not change from the prior period. This information is provided to illustrate the impact of changes in foreign currency exchange rates on the Company's results when compared to the prior period.

⁽²⁾ Adjusted operating income is defined as operating income excluding, to the extent incurred in the period, a non-cash accrual adjustment. Adjusted operating income represents a performance measure and is not intended to represent a liquidity measure.

⁽³⁾ Adjusted EBITDA is defined as net income excluding, to the extent incurred in the period, interest expense, income tax expense, depreciation, amortization, share-based compensation and other non-operating or non-recurring items that are considered expenses or income under U.S. GAAP. Adjusted EBITDA represents a performance measure and is not intended to represent a liquidity measure.

⁽⁴⁾ Adjusted earnings per share is defined as diluted U.S. GAAP earnings per share excluding, to the extent incurred in the period, the tax-effected impacts of: a) foreign currency exchange gains or losses, b) share-based compensation, c) acquired intangible asset amortization, d) non-cash income tax expense, e) non-cash investment gain, (f) non-cash accrual adjustments, (g) non-cash impairment and (h) dilutive shares related to the Company's convertible notes. Adjusted earnings per share represents a performance measure and is not intended to represent a liquidity measure. 

Conference Call and Slide Presentation
Euronet Worldwide will host an analyst conference call on October 27, 2026, at 9:00 a.m. Eastern Time to discuss these results. The call may also include discussion of Company developments on the Company's operations, forward-looking information, and other material information about business and financial matters. To listen to the call via telephone, please register at Euronet Worldwide third quarter 2026 Earnings Call. The conference call and accompanying slide show presentation will be accessible via webcast by following the link posted on http://ir.euronetworldwide.com. Participants should register at least five minutes prior to the scheduled start time of the event. A slideshow will be included in the webcast.

Investors may also access the Company's Investor Day presentation, which provides additional information regarding Euronet's long-term strategy, growth accelerators, and financial objectives, through the Investor Relations section of the Company's website at http://ir.euronetworldwide.com.

A webcast replay will be available beginning approximately one hour after the event at http://ir.euronetworldwide.com and will remain available for one year.

About Euronet Worldwide, Inc.
Euronet (Nasdaq: EEFT) is a global leader in payment processing and cross‑border transactions, operating for more than 30 years and now serving clients in 200+ countries and territories. We support financial institutions, merchants and global brands with technology-driven solutions, while enabling businesses and consumers to send, receive and spend money seamlessly worldwide. By operating one of the world’s largest independent electronic payment networks spanning merchant acquiring, transaction processing and point‑of‑sale infrastructure, Euronet enables real‑time, digital and cross‑border movement of money at global scale. In 2025, Euronet processed more than 20 billion transactions across its network. Headquartered in Leawood, Kansas USA, Euronet operates from 74 offices worldwide. For more information, visit www.euronet.com.

Statements contained in this news release that concern Euronet's or its management's intentions, expectations, or predictions of future performance, are forward-looking statements. Euronet's actual results may vary materially from those anticipated in such forward-looking statements as a result of a number of factors, including: conditions in world financial markets and general economic conditions, including impacts from pandemics or other disease outbreaks; inflation; military conflicts in Ukraine and the Middle East, and the related economic sanctions; our ability to successfully integrate any acquired operations; economic conditions in specific countries and regions; technological developments, including artificial intelligence affecting the market for our products and services; our ability to successfully introduce new products and services; foreign currency exchange rate fluctuations; the effects of any breach of our computer systems or those of our customers or vendors, including our financial processing networks or those of other third parties; interruptions in any of our systems or those of our vendors or other third parties; our ability to renew existing contracts at profitable rates; changes in fees payable for transactions performed for cards bearing international logos or over switching networks such as card transactions on ATMs; the impact of changes in U.S. immigration policy on remittance corridors; our ability to comply with increasingly stringent regulatory requirements, including anti-money laundering, anti-terrorism, anti-bribery, consumer and data protection and privacy; changes in laws and regulations affecting our business, including tax and immigration laws and any laws regulating payments, including dynamic currency conversion transactions and digital assets; changes in our relationships with, or in fees charged by, our business partners; competition; the outcome of claims and other loss contingencies affecting Euronet; the cost of borrowing (including fluctuations in interest rates), availability of credit and terms of and compliance with debt covenants; and renewal of sources of funding as they expire and the availability of replacement funding. These risks and other risks are described in the Company's filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings may be obtained via the SEC's Edgar website or by contacting the Company. Any forward-looking statements made in this release speak only as of the date of this release. Except as may be required by law, Euronet does not intend to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances. The Company regularly posts important information to the investor relations section of its website.

EURONET WORLDWIDE, INC.  Condensed Consolidated Balance Sheets  (in millions)
	As of
	September 30,			As of
	2026			December 31,
	(unaudited)			2025
ASSETS
Current assets:
Cash and cash equivalents	$	955.4		$	1,040.3
ATM cash		912.7			650.3
Restricted cash		19.8			23.2
Settlement assets		1,385.1			1,910.4
Trade accounts receivable, net		321.5			334.5
Prepaid expenses and other current assets		367.9			311.5
Total current assets		3,962.4			4,270.2
Property and equipment, net		365.3			375.3
Right of use lease asset, net		139.6			153.9
Goodwill and acquired intangible assets, net		1,252.1			1,303.5
Other assets, net		334.7			385.8
Total assets	$	6,054.1		$	6,488.7
LIABILITIES AND EQUITY
Current liabilities:
Settlement obligations	$	1,385.1		$	1,910.4
Accounts payable and other current liabilities		885.0			905.2
Current portion of operating lease obligations		51.6			54.9
Short-term debt obligations		471.1			984.2
Total current liabilities		2,792.8			3,854.7
Debt obligations, net of current portion		1,706.1			1,037.0
Operating lease obligations, net of current portion		90.5			100.6
Capital lease obligations, net of current portion		0.1			0.6
Deferred income taxes		75.8			78.3
Other long-term liabilities		88.5			95.0
Total liabilities		4,753.8			5,166.2
Total equity		1,300.3			1,322.5
Total liabilities and equity	$	6,054.1		$	6,488.7

EURONET WORLDWIDE, INC.  Consolidated Statements of Operations  (unaudited - in millions, except share and per share data)
	Three Months Ended
	September 30,
	2026					2025
Revenues	$	1,161.1			$	1,145.7
Operating expenses:
Direct operating costs, exclusive of depreciation		657.0				643.9
Salaries and benefits		194.0				187.4
Selling, general and administrative		99.0				84.6
Depreciation and amortization		39.5				34.8
Total operating expenses		989.5				950.7
Operating income		171.6				195.0
Other income (expense):
Interest income		5.0				6.2
Interest expense		(21.7	)			(22.5	)
Foreign currency exchange gain, net		3.3				0.1
Other income		1.3				1.4
Total other expense, net		(12.1	)			(14.8	)
Income before income taxes		159.5				180.2
Income tax expense		(45.7	)			(55.1	)
Net income		113.8				125.1
Net income attributable to noncontrolling interests		(0.2	)			(3.1	)
Net income attributable to Euronet Worldwide, Inc.	$	113.6			$	122.0
Add: Interest expense from assumed conversion of convertible notes, net of tax		2.0				1.0
Net income for diluted earnings per share calculation	$	115.6			$	123.0
Earnings per share attributable to Euronet
Worldwide, Inc. stockholders - diluted	$	2.53			$	2.75
Diluted weighted average shares outstanding		45,761,882				44,809,457

EURONET WORLDWIDE, INC. Reconciliation of Net Income to Operating Income (Expense) and Adjusted EBITDA (unaudited - in millions)
	Three months ended September 30, 2026
	Payments Infrastructure				epay			Cross- Border Payments			Corporate Services				Consolidated
Net income															$	113.8
Add: Income tax expense																45.7
Add: Total other expense, net																12.1
Operating income (expense)	$	128.2			$	31.8		$	37.3		$	(25.7	)		$	171.6
Less: non-cash accrual adjustment		(1.7	)			—			—			—				(1.7	)
Adjusted operating income (expense) (1)		126.5				31.8			37.3			(25.7	)			169.9
Add: Depreciation and amortization		31.4				1.6			6.3			0.2				39.5
Add: Share-based compensation		—				—			—			16.7				16.7
Earnings before interest, taxes, depreciation, amortization, share-based compensation, non-cash accrual adjustment (Adjusted EBITDA) (1)	$	157.9			$	33.4		$	43.6		$	(8.8	)		$	226.1

.

	Three months ended September 30, 2025
	Payments Infrastructure			epay			Cross-Border Payments			Corporate Services				Consolidated
Net income														$	125.1
Add: Income tax expense															55.1
Add: Total other expense, net															14.8
Operating income (expense)	$	128.1		$	31.0		$	59.3		$	(23.4	)		$	195.0
Add: Depreciation and amortization		26.6			1.5			6.6			0.1				34.8
Add: Share-based compensation		—			—			—			14.8				14.8
Earnings before interest, taxes, depreciation, amortization, share-based compensation (Adjusted EBITDA) (1)	$	154.7		$	32.5		$	65.9		$	(8.5	)		$	244.6

(1)	Adjusted operating income and adjusted EBITDA are non-GAAP measures that should be considered in addition to, and not as a substitute for, operating income and net income computed in accordance with U.S. GAAP.

EURONET WORLDWIDE, INC.  Reconciliation of Adjusted Earnings per Share (unaudited - in millions, except share and per share data)
	Three Months Ended
	September 30,
	2026				2025
Net income attributable to Euronet Worldwide, Inc.	$	113.6			$	122.0
Foreign currency exchange result		(3.3	)			(0.1	)
Intangible asset amortization (1)		9.6				4.9
Share-based compensation (2)		16.7				14.8
Income tax effect of above adjustments (3)		0.5				(2.8	)
Non-cash investment gain (4)		(1.3	)			—
Non-cash accrual adjustment (5)		(1.7	)			—
Non-cash impairment (6)		—				1.8
Non-cash GAAP tax expense (7)		2.9				7.7
Adjusted earnings (8)	$	137.0			$	148.3
Adjusted earnings per share - diluted (8)	$	3.55			$	3.62
Diluted weighted average shares outstanding (GAAP)		45,761,882				44,809,457
Effect of adjusted EPS dilution of convertible notes		(8,047,923	)			(4,112,023	)
Effect of unrecognized share-based compensation on diluted shares outstanding		919,893				310,448
Adjusted diluted weighted average shares outstanding		38,633,852				41,007,882

(1) Intangible asset amortization of $9.6 million and $4.9 million are included in depreciation and amortization expense of $39.5 million and $34.8 million for the three months ended September 30, 2026 and September 30, 2025, respectively, in the consolidated statements of operations.

(2) Share-based compensation of $16.7 million and $14.8 million are included in salaries and benefits expense of $194.0 million and $187.4 million for the three months ended September 30, 2026 and September 30, 2025, respectively, in the consolidated statements of operations.

(3) Adjustment is the aggregate U.S. GAAP income tax effect on the preceding adjustments determined by applying the applicable statutory U.S. federal, state and/or foreign income tax rates. 

(4) Non-cash investment gain of $1.3 million is included in other income in the consolidated statement of operations for the three months ended September 30, 2026.

(5) Non-cash accrual gain of $1.7 million is included in other income in the consolidated statement of operations for the three months ended September 30, 2026.

(6) Non-cash impairment of $1.8 million is included in other expenses and net loss attributable to noncontrolling interest in the consolidated statement of operations for the three months ended September 30, 2025.

(7) Adjustment is the non-cash GAAP tax impact recognized on certain items such as the utilization of certain material net deferred tax assets and amortization of indefinite-lived intangible assets.

(8) Adjusted earnings and adjusted earnings per share are non-GAAP measures that should be considered in addition to, and not as a substitute for, net income and earnings per share computed in accordance with U.S. GAAP. 

Contact:
Euronet Worldwide, Inc.                
Stephanie Taylor     
+1-913-327-4200

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Euronet's third-quarter 2026 earnings results?

Euronet reported $1,161.1 million in revenue and $2.53 in diluted earnings per share for the third quarter of 2026. Revenue increased 1% year over year, while diluted earnings per share declined from $2.75. Adjusted earnings per share decreased 2% to $3.55.

What is Euronet's revised 2026 financial outlook?

Euronet expects approximately $4.375 billion in revenue, approximately $725 million in adjusted EBITDA and approximately 10% year-over-year growth in adjusted earnings per share. The company attributes the revision to immigration-related pressures in Cross-Border Payments, broader global economic pressures and foreign-exchange conversion rate changes.

Why did Euronet's debt decline in the third quarter of 2026?

Total indebtedness decreased by $476.7 million, reflecting the seasonal return of ATM cash after the peak European travel season and cash generated from operations, partially offset by $50 million of share repurchases. Debt stood at $2,177.3 million at September 30, 2026.

How did CoreCard amortization affect Euronet's Payments Infrastructure results?

Payments Infrastructure adjusted operating income included a $4.7 million increase in non-cash purchase price amortization related to CoreCard. Excluding that additional amortization, adjusted operating income would have increased 4% on a basis excluding currency changes, compared with no change on that basis including the amortization.