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Euronet Worldwide

EEFT Nasdaq Transaction & Payment Processing Services Financials FY2016–FY2025

Euronet Worldwide's revenue rose 6.4% to $4.2 billion in fiscal 2025. Its operating margin was 12.5%, down from 12.6% a year earlier. Free cash flow was $434 million, down 29.4%. It paid out $668 million in dividends and buybacks, 154% of free cash flow. The diluted share count fell 4.8%.

Last close · Oct 23, 2026

$65.59

2.2%
Value it Compare
Revenue Total sales reported in the income statement.
$4.2B
6.4% vs prior year
Operating margin Operating income as a share of revenue.
12.5%
0.1 pts
Net income Profit after all expenses, interest and tax.
$310M
1.1%
Free cash flow Cash from operations minus capital spending.
$434M
29.5%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
29.9%
5.6 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$3.0B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
10.4x
On $6.29 EPS (TTM)

What Euronet Worldwide does

No business description yet.

Legal name
EURONET WORLDWIDE, INC.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001554855-26-000131
0001029199

Revenue and margins

Euronet Worldwide had $4.2B of revenue in fiscal 2025, up 6.4% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 8.7% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $434M in fiscal 2025, 10.2% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Euronet Worldwide returned $668M to shareholders in fiscal 2025, 154% of free cash flow. The diluted share count fell 4.8%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Euronet Worldwide yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$32.2M and divides by 45.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 10.4x · peers 12.7x · sector 13.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Euronet Worldwide can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $1.3B$1.1B$1.3B$1.3B$1.0B
Debt incl. finance leases $1.4B$1.6B$1.7B$1.2B$1.1B
Net debt / EBITDA 0.5x0.9x0.8x−0.2x0.1x
Debt / equity 1.1x1.3x1.4x1.0x0.8x
Interest coverage 4.8x10.3x7.8x6.3x6.3x
Current ratio 1.8x1.6x1.5x1.3x1.1x
Quick ratio 1.8x1.6x1.5x1.3x1.1x
Total assets $4.7B$5.4B$5.9B$5.8B$6.5B
Total liabilities $3.5B$4.2B$4.6B$4.6B$5.2B
Shareholders' equity $1.3B$1.2B$1.2B$1.2B$1.3B
Net debt (− = net cash) $160M$478M$462M−$107M$32.2M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.3M

1 insider

Sold, 12 months

$0.0M

1 insider

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Aug 7, 2026 Thomas A McDonnellDirector Bought 781 $70.60 $0.1M Form 4
May 26, 2026 Thomas A McDonnellDirector Bought 3,000 $66.87 $0.2M Form 4
May 7, 2026 Adam GodderzSee FN1 below Sold 345 $72.03 $0.0M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose ✕ ✕ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose — — —
Revenue rose relative to assets ✕ ✕ ✓
F-score 6 / 86 / 87 / 8
Accruals ratio −6.4%−7.3%−4.1%
Altman Z'' 3.302.852.36

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Euronet Worldwide EEFT $3.0B 6.4% 12.5% 10.2% 29.9% 10.4x 7
Affirm AFRM $24.4B 32.2% 9.8% 23.3% — 12.7x — Compare →
Shift4 FOUR $50.4M 25.5% 8.4% 14.9% 6.5% — 6 Compare →
Western Union WU $2.0B −3.8% 18.7% 12.5% 24.0% 5.2x — Compare →
Corpay CPAY $27.1B 13.9% 44.0% 28.7% 11.5% 24.9x 5 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $2.0B $2.3B $2.5B $2.8B $2.5B $3.0B $3.4B $3.7B $4.0B $4.2B
Gross profit $784M $896M $1.0B $1.2B $906M — — — — —
Operating income $250M $266M $358M $475M $46.6M $184M $385M $433M $503M $530M
Interest expense $28.3M $32.6M $37.6M $36.2M $36.6M $38.3M $37.5M $55.6M $80.5M $84.5M
Pretax income $233M $256M $295M $434M $8.2M $136M $323M $400M $449M $448M
Income tax $58.8M $99.4M $62.8M $87.1M $11.5M $65.1M $91.9M $121M $143M $135M
Net income $174M $157M $233M $347M −$3.4M $70.7M $231M $280M $306M $310M
Diluted EPS $3.23 $2.85 $4.26 $6.31 −$0.06 $1.32 $4.41 $5.50 $6.45 $6.84
Diluted shares 0.05B 0.06B 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B
Cash flow
Cash from operations $392M $286M $397M $505M $254M $406M $748M $643M $733M $560M
Capital expenditure $87.4M $97.2M $113M $131M $97.6M $92.2M $104M $94.4M $117M $126M
Free cash flow $304M $189M $285M $373M $156M $314M $644M $549M $616M $434M
Depreciation and amortization $80.5M $95.0M $106M $112M $127M $136M $136M $133M $132M $139M
Stock-based compensation $15.0M $15.6M $16.8M $21.4M $22.0M $36.5M $44.1M $53.7M $43.9M $55.1M
Acquisitions $55.9M $0.0M $12.9M $94.2M $1.1M $0.0M $343M $1.3M $91.6M $24.0M
Share buybacks $77.4M $3.1M $178M $74.5M $242M $230M $176M $378M $269M $668M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $77.4M $3.1M $178M $74.5M $242M $230M $176M $378M $269M $668M
Balance sheet
Cash and short-term investments $734M $280M $385M $786M $1.4B $1.3B $1.1B $1.3B $1.3B $1.0B
Total debt $594M $445M $0.0M $673M $682M $1.4B $1.6B $1.7B $1.2B $1.1B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $1.6B $1.9B $2.1B $2.9B $3.4B $3.3B $3.7B $4.2B $4.0B $4.3B
Current liabilities $1.2B $1.4B $1.4B $1.6B $1.9B $1.9B $2.4B $2.7B $3.2B $3.9B
Inventory $78.1M $95.7M — $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $202M $268M $292M $360M $378M $345M $337M $332M $330M $375M
Total assets $2.7B $3.1B $3.3B $4.7B $4.9B $4.7B $5.4B $5.9B $5.8B $6.5B
Total liabilities $1.8B $1.9B $2.1B $3.1B $3.5B $3.5B $4.2B $4.6B $4.6B $5.2B
Shareholders' equity $900M $1.2B $1.2B $1.6B $1.4B $1.3B $1.2B $1.2B $1.2B $1.3B
Margins
Gross margin 40.0% 39.8% 41.3% 43.4% 36.5% — — — — —
Operating margin 12.8% 11.8% 14.1% 17.3% 1.9% 6.1% 11.5% 11.7% 12.6% 12.5%
EBITDA margin 16.9% 16.0% 18.3% 21.3% 7.0% 10.7% 15.5% 15.3% 15.9% 15.8%
Net margin 8.9% 7.0% 9.2% 12.6% −0.1% 2.4% 6.9% 7.6% 7.7% 7.3%
FCF margin 15.5% 8.4% 11.2% 13.6% 6.3% 10.5% 19.2% 14.9% 15.4% 10.2%
Returns
Return on capital 24.1% 15.3% 25.5% 32.8% 2.1% 9.0% 17.6% 17.6% 24.2% 29.9%
Return on capital employed 17.7% 16.3% 19.5% 19.1% 1.5% 6.2% 13.0% 13.9% 17.3% 20.2%
Return on equity 20.2% 15.0% 19.2% 24.7% −0.2% 5.2% 18.5% 22.4% 24.7% 24.4%
Return on assets 7.1% 5.4% 7.2% 8.7% −0.1% 1.5% 4.6% 5.0% 5.2% 5.0%
Growth
Revenue growth 10.5% 15.0% 12.6% 8.4% −9.7% 20.7% 12.1% 9.8% 8.2% 6.4%
Net income growth 76.5% −10.1% 48.5% 48.9% −101.0% — 226.7% 21.1% 9.4% 1.1%
EPS growth 76.5% −11.8% 49.5% 48.1% −101.0% — 234.1% 24.7% 17.3% 6.1%
FCF growth 116.6% −37.8% 50.6% 31.1% −58.2% 101.5% 105.0% −14.8% 12.2% −29.5%
Share count change −0.1% 2.1% −0.9% 0.5% −4.1% 1.7% −0.1% −3.5% −6.8% −4.8%
Financial health
Net debt / EBITDA −0.4x 0.5x −0.8x −0.2x −4.3x 0.5x 0.9x 0.8x −0.2x 0.1x
Debt / equity 0.7x 0.4x 0.0x 0.4x 0.5x 1.1x 1.3x 1.4x 1.0x 0.8x
Interest coverage 8.8x 8.2x 9.5x 13.1x 1.3x 4.8x 10.3x 7.8x 6.3x 6.3x
Current ratio 1.3x 1.3x 1.5x 1.8x 1.8x 1.8x 1.6x 1.5x 1.3x 1.1x
Quick ratio 1.3x 1.3x — 1.8x 1.8x 1.8x 1.6x 1.5x 1.3x 1.1x
Capital allocation
Capex / revenue 4.5% 4.3% 4.4% 4.8% 3.9% 3.1% 3.1% 2.6% 2.9% 3.0%
Stock comp / revenue 0.8% 0.7% 0.7% 0.8% 0.9% 1.2% 1.3% 1.5% 1.1% 1.3%
Payouts / FCF 25.4% 1.6% 62.5% 20.0% 154.9% 73.2% 27.3% 69.0% 43.6% 153.7%
Quality scores
Piotroski F-score 8.0 4.0 8.0 7.0 5.0 5.0 6.0 6.0 6.0 7.0
Altman Z'' 2.5 2.7 3.4 3.8 3.2 3.4 3.3 3.3 2.9 2.4
Accruals ratio −8.9% −4.4% −5.1% −4.0% −5.4% −6.9% −10.2% −6.4% −7.3% −4.1%

Source: SEC EDGAR XBRL filings (CIK 0001029199). Data updated October 18, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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