Euronet Worldwide, Inc. · NASDAQ:EEFT
Euronet Worldwide — Q4 2025 Earnings Presentation
27 slides from Euronet Worldwide's earnings presentation, Feb 12, 2026
Slide 1: Fourth Quarter and Full Year 2025 Financial Results
Fourth Quarter and Full Year 2025 Financial Results Michael J. Brown | Chairman, CEO and President Rick Weller | EVP & CFO Adam Godderz | General Counsel Euronet | www.euronet.com 1 020626-1
Slide 2: Forward Looking Statements
Forward Looking Statements 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
Slide 3: Defined Terms
Defined Terms Unless specifically noted otherwise within this presentation, the following terms are hereby defined as follows: Constant currency 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
Slide 4: Financial Highlights | Fourth Quarter 2025
Financial Highlights | Fourth Quarter 2025 $2.39 $1.1B Adjusted Earnings Per Share Revenue 15% increase from $2.08 for Q4 2024. 6% increase from $1,047.3 million for Q4 2024. 1% increase on a constant currency basis. $174.3M $121.6M Adjusted EBITDA Adjusted Operating Income 5% increase from $165.8 m
Slide 5: Annual Growth
Annual Growth Euronet Revenues (1995-2025) $4,500.00 $4,000.00 • $4.2B in revenues $3,500.00 • 12% growth in adjusted EPS $3,000.00 • $408M in adjusted earnings $2,500.00 • $388M in share repurchases in millions $2,000.00 $1,500.00 $1,000.00 $500.00 $- ? Euronet | www.euronet.com 5
Slide 6: Key accomplishments of 2025, drivers for 2026
Key accomplishments of 2025, drivers for 2026 Euronet Picks Citi and Dandelion Dandelion Partners With Euronet Prices $1.0B Fireblocks for Enable Near-Instant Commonwealth Bank of Convertible Notes Stablecoin Payments Wallet Payments Australia Euronet Wins Euronet Adds Credit Ria Expands APAC with R
Slide 7: Key Pillars Drive Sustainable Growth in Large TAMS
Key Pillars Drive Sustainable Growth in Large TAMS Payments and Transaction Processing Cross Border and Foreign Exchange Total Addressable Market = $3.1T 1 Total Addressable Market = $320T 2 Banking Services for Others Foreign Exchange and Interchange Fees Banking Services for Our Segments Retail an
Slide 8: Segments | Electronic Funds Transfer (EFT)
Segments | Electronic Funds Transfer (EFT) PRODUCTS AND SERVICES FOURTH QUARTER 2025 HIGHLIGHTS Banking Services for Others • Credia Bank (Greece): Banking Services for Our Segments • Signed agreement to acquire the Bank’s 20,000-merchant acquiring business Merchant Services • Euronet will provide f
Slide 9: Segments | epay
Segments | epay PRODUCTS AND SERVICES FOURTH QUARTER 2025 HIGHLIGHTS Retail and Digital Distribution of Prepaid Credits • Expanded digital content distribution with and Branded Payments Revolut to India and New Zealand, as part of their global loyalty program Payments Processing • Expanded relations
Slide 10: Segments | Money Transfer
Segments | Money Transfer PRODUCTS AND SERVICES FOURTH QUARTER 2025 HIGHLIGHTS Retail and Digital Remittances and FX Payments • Signed Dandelion network agreement with WorldFirst, a fintech based in the UK Wholesale Distribution for Fintechs and Banks • Expanded digital presence with the launch of D
Slide 11: Financials Highlights Q4 and Full Year 2025
Financials Highlights Q4 and Full Year 2025 Rick L. Weller| EVP & CFO Euronet | www.euronet.com 11 121322-1
Slide 12: Financial Highlights | Fourth Quarter 2025
Financial Highlights | Fourth Quarter 2025 Same Quarter Prior Year Comparison | As Reported Adjusted Operating Revenue Income Adjusted EBITDA USD (in millions) Q4 2024 Q4 2025 Q4 2024 Q4 2025 Q4 2024 Q4 2025 EFT Processing $ 265.6 $ 303.3 37.3 43.0 $ 61.7 $ 72.7 % Change 14% 15% 18% epay 342.2 353.6
Slide 13: Financial Highlights | Fourth Quarter 2025 (Constant Currency)
Financial Highlights | Fourth Quarter 2025 Same Quarter Prior Year Comparison | Constant Currency Adjusted Operating Revenue Income Adjusted EBITDA USD (in millions) Q4 2024 Q4 2025 Q4 2024 Q4 2025 Q4 2024 Q4 2025 EFT Processing $ 265.6 $ 286.9 $ 37.3 $ 41.6 $ 61.7 $ 69.8 % Change 8% 12% 13% epay 34
Slide 14: Financial Highlights | Full Year 2025
Financial Highlights | Full Year 2025 $9.61 $4.2B Adjusted Earnings Per Share Revenue 12% increase from $8.61 for 2024. 6% increase from $3,989.8 million for 2024. 4% increase on a constant currency basis. $743.7M $550.4M Adjusted EBITDA Adjusted Operating Income 10% increase from $678.5 million for
Slide 15: Financial Highlights | Full Year 2025
Financial Highlights | Full Year 2025 Year Over Year Comparison | As Reported Adjusted Operating Revenue Income Adjusted EBITDA USD (in millions) 2024 2025 2024 2025 2024 2025 EFT Processing $ 1,161.2 $ 1,283.7 $ 255.6 $ 279.0 $ 353.5 $ 385.6 % Change 11% 9% 9% epay 1,150.5 1,187.6 129.9 136.2 137.2
Slide 16: Financial Highlights | Full Year 2025 (Constant Currency)
Financial Highlights | Full Year 2025 Year Over Year Comparison | Constant Currency Adjusted Operating Revenue Income Adjusted EBITDA USD (in millions) 2024 2025 2024 2025 2024 2025 EFT Processing $ 1,161.2 $ 1,239.8 $ 255.6 $ 267.1 $ 353.5 $ 370.9 % Change 7% 4% 5% epay 1,150.5 1,161.6 129.9 133.6
Slide 17: Financial Highlights | Balance Sheet
Financial Highlights | Balance Sheet USD (in millions) 12/31/2024 9/30/2025 12/31/2025 Unrestricted Cash $1,278.8 $1,172.5 $1,040.3 ATM Cash $643.8 $848.4 $650.3 Settlement Assets $1,522.7 $1,555.9 $1,910.4 Total Assets $5,834.5 $6,275.4 $6,488.7 Total Debt $1,949.8 $2,305.3 $2,021.8 Total Debt to T
Slide 18: Fourth Quarter and Full Year 2025 | Summary
Fourth Quarter and Full Year 2025 | Summary • Resilience Is In Our DNA: We've navigated these cycles for 30 years and always gained market share on the other side. • The Digital Transformation Is Real: Our transition to digital payments, Ren, CoreCard and Dandelion is successfully scaling as is our
Slide 19: Appendix
Appendix Euronet | www.euronet.com 19
Slide 20: Reconciliation of Net Income to Adjusted EBITDA, Q4 2025
Reconciliation of Net Income to Operating Income (Expense), Adjusted Operating Income (Expense) and Adjusted EBITDA (unaudited in millions) Three months ended December 31, 2025 Corporate EFT Processing epay Money Transfer Services Consolidated Net income $ 51.8 Add: I ncome tax expense 39.4 Add: Tot
Slide 21: Reconciliation of Net Income to Adjusted EBITDA, Q4 2024
Reconciliation of Net Income to Operating Income (Expense) and Adjusted EBITDA (unaudited in millions) Three months ended December 31, 2024 Corporate EFT Processing epay Money Transfer Serv ices Consolidated Net income $ 45.3 Add: I ncome tax expense 30.6 Add: Total other expense, net 46.8 Operating
Slide 22: Reconciliation of Net Income to Adjusted EBITDA, 2025
Reconciliation of Net Income to Operating Income (Expense), Adjusted Operating Income (Expense) and Adjusted EBITDA (unaudited in millions) Twelve months ended December 31, 2025 Corporate EFT Processing epay Money Transfer Services Consolidated Net income $ 313.0 Add: I ncome tax expense 135.2 Add:
Slide 23: Reconciliation of Net Income to Adjusted EBITDA, 2024
Reconciliation of Net Income to Operating Income (Expense), Adjusted Operating Income (Expense) and Adjusted EBITDA (unaudited in millions) Twelve months ended December 31, 2024 Corporate EFT Processing epay Money Transfer Serv ices Consolidated Net income $ 306.3 Add: I ncome tax expense 142.6 Add:
Slide 24: Constant Currency Reconciliation by Segment, Q4 2025
Reconciliation of Revenue, Adjusted Operating income and Adjusted EBITDA to Constant Currency Amounts by Segment (unaudited in millions) Three months ended ended December 31, 2025 EFT Money Corporate Processing epay Transfer Services Consolidated Revenue $ 303.3 $ 353.6 $ 454.4 $ (2.6) $ 1,108.7 Add
Slide 25: Constant Currency Reconciliation by Segment, 2025
Reconciliation of Revenue, Adjusted Operating income and Adjusted EBITDA to Constant Currency Amounts by Segment (unaudited in millions) Twelve months ended ended December 31, 2025 EFT Money Corporate Processing epay Transfer Services Consolidated Revenue $ 1,283.7 $ 1,187.6 $ 1,782.4 $ (9.5) $ 4,24
Slide 26: Reconciliation of Adjusted Earnings per Share
Reconciliation of Adjusted Earnings per Share (Unaudited in millions, except share and per share data) Year Ended Three Months Ended December 31, December 31, 2025 2024 2025 2024 Net income attributable to Euronet Worldwide, I nc. $ 309.5 $ 306.0 $ 51.5 $ 45.2 Foreign currency exchange loss 25.2 19.
Slide 27: Thank you
Thank you Euronet | www.euronet.com 27