Euronet Worldwide (EEFT) Q2 2025 earnings summary

Executive summary

• Achieved 9% year-over-year revenue growth to $1,074.3 million and 18% operating income growth to $158.6 million in Q2 2025, with operating margin expanding by 112 basis points.

• Adjusted EBITDA rose 16% to $206.2 million, and net income attributable to shareholders increased to $97.6 million ($2.27–$2.31 diluted EPS).

• Advanced digital strategy with the announced $248 million all-stock acquisition of CoreCard, a leading credit card issuing platform, and signed a multi-year Ren agreement with a top-three U.S. bank.

• Money Transfer segment led growth, with operating income up 39% and digital transactions up 29%, and expanded into Japan via Kyodai Remittance acquisition and a Google partnership.

• Repurchased $247 million in shares during Q2 2025.

Financial highlights

• Q2 2025 revenue reached $1,074.3 million, operating income $158.6 million, adjusted EBITDA $206.2 million, and adjusted EPS $2.56 (up 14% year-over-year).

• Net income attributable to shareholders was $97.6 million, up 17% year-over-year.

• Consolidated operating margin expanded by 112 basis points year-over-year.

• Unrestricted cash at June 30, 2025, was $1,329.3 million; total debt $2,438.1 million.

• Repurchased $247 million in shares in Q2 2025.

Outlook and guidance

• Reaffirmed 2025 adjusted EPS growth guidance of 12% to 16%, in line with historical CAGR.

• CoreCard acquisition expected to be accretive to adjusted EPS within 12 months post-close.

• Continued focus on digital expansion, integration of acquisitions, and margin improvement.

• Guidance excludes potential impacts from FX, interest rates, or unforeseen factors.

• Anticipate tax rate to increase by 1–2% for the remainder of the year.