Euronet Worldwide, Inc. · NASDAQ:EEFT
Euronet Worldwide — Q3 2025 Earnings Presentation
22 slides from Euronet Worldwide's earnings presentation, Oct 23, 2025
Slide 1: Third Quarter 2025 Financial Results
Third Quarter 2025 Financial Results Michael J. Brown | Chairman & CEO Rick L. Weller | EVP & CFO Adam Godderz | General Counsel Euronet | www.euronetworldwide.com 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 Third Quarter 2025
Financial Highlights Third Quarter 2025 Rick L. Weller | EVP & CFO Euronet | www.euronetworldwide.com 4 121322-1
Slide 5: Financial Highlights | Third Quarter 2025
Financial Highlights | Third Quarter 2025 $3.62 $1.1B Adjusted Earnings Per Share Revenue 19% increase from $3.03 for Q3 2025. 4% increase from $1,099.3 million for Q3 2024. 1% increase on a constant currency basis. $244.6M $195.0M Adjusted EBITDA Operating Income 8% increase from $225.7 million for
Slide 6: Same Quarter Prior Year Comparison | As Reported
Financial Highlights | Third Quarter 2025 Same Quarter Prior Year Comparison | As Reported Adjusted Operating Revenue Income Adjusted EBITDA USD (in millions) Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 EFT Processing $373.0 $409.4 $117.3 $128.1 $142.1 $154.7 % Change 10% 9% 9% epay 290.3 $286.5
Slide 7: Same Quarter Prior Year Comparison | Constant Currency
Financial Highlights | Third Quarter 2025 Same Quarter Prior Year Comparison | Constant Currency Adjusted Operating Revenue Income Adjusted EBITDA USD (in millions) Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 EFT Processing $373.0 $390.7 $117.3 $122.0 $142.1 $147.6 % Change 5% 4% 4% epay 290.3 $
Slide 8: Financial Highlights
Financial Highlights | Third Quarter 2025 USD (in millions) 6/30/2025 9/30/2025 Unrestricted Cash $1,329.3 $1,172.5 ATM Cash $937.4 $848.4 Settlement Assets and Obligations $1,547.1 $1,555.9 Total Assets $6,554.9 $6,275.4 Total Debt $2,438.1 $2,305.3 Total Debt to Trailing Twelve Month Adjusted EBIT
Slide 9: Business Update
Business Update Michael J. Brown| Chairman & CEO Euronet | www.euronetworldwide.com 9 121322-1
Slide 10: Third Quarter 2025 Recap & Highlights
Third Quarter 2025 Recap & Highlights • Adjusted EPS grew 19% year-over-year. • Full-year adjusted EPS growth outlook reaffirmed at 12–16%. • Revenue softer than expected across all segments due to global uncertainty. • U.S. immigration policy changes temporarily reduced remittance volumes. • Signed
Slide 11: 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 Foreign Exchange and Interchange Fees Merchant Services Retail and Digital Remittances and F
Slide 12: Euronet - Stablecoin Use Cases
Euronet - Stablecoin Use Cases Leverage on-ramp and off-ramp networks: Stablecoin Treasury 1 4 Accepting Stablecoin Pay-ins Stablecoin Settlement 2 for Payout Partners 5 Converting Stablecoin to Fiat 3 Currency Receiving Stablecoin Settlement for Dandelion Euronet | www.euronetworldwide.com 12
Slide 13: Segments | Electronic Funds Transfer (EFT)
Segments | Electronic Funds Transfer (EFT) PRODUCTS AND SERVICES THIRD QUARTER 2025 HIGHLIGHTS Banking Services • Merchant Services: signed approx. 7,000 Ren Payments Merchant Platform Services new acquiring merchants Merchant Services • Signed Network Participation Agreements (NPAs) with 3 new merc
Slide 14: Segments | epay
Segments | epay PRODUCTS AND SERVICES THIRD QUARTER 2025 HIGHLIGHTS Retail and Digital Distribution of Prepaid Credits • Launched epay’s branded Giftzzy non- and Branded Payments reloadable open-loop Visa cards in Australia Payments Processing • Signed an expanded contract with Epic Games for Europe
Slide 15: Segments | Money Transfer
Segments | Money Transfer PRODUCTS AND SERVICES THIRD QUARTER 2025 HIGHLIGHTS Retail and Digital Remittances and FX Payments • Citibank, global banking giant, serving 200M customers in 160+ countries Wholesale Distribution for Fintechs and Banks Digital Foreign Exchange Payments for SMEs • Launched
Slide 16: Third Quarter 2025 | Summary
Third Quarter 2025 | Summary • Posted record-setting 3rd quarter adjusted EPS results of $3.62, a 19% increase over the prior year • CoreCard Shareholder meeting to vote on the merger is scheduled for next week • On August 15, 2025, completed a $1 billion convertible debt offering at an interest rat
Slide 17: Appendix
Appendix Euronet | www.euronetworldwide.com 17
Slide 18: Reconciliation of Net Income to Operating Income and Adjusted EBITDA
Reconciliation of Net Income to Operating Income (Expense) and Adjusted EBITDA Three months ended September 30, 2025 EFT Money Corporate Processing epay Transfer Services Consolidated Net income $ 125.1 Add: Income tax expense 55.1 Add: Total other expense, net 14.8 Operating income (expense) 128.1
Slide 19: Reconciliation of Net Income to Operating Income and Adjusted EBITDA
Reconciliation of Net Income to Operating Income (Expense) and Adjusted EBITDA Three months ended September 30, 2024 EFT Money Corporate Processing epay Transfer Services Consolidated Net income $ 151.6 Add: Income tax expense 56.8 Add: Total other income, net (26.2) Operating income (expense) $ 117
Slide 20: Reconciliation to Constant Currency Amounts by Segment
Reconciliation of Revenue, Operating Income and Adjusted EBITDA to Constant Currency Amounts by Segment Three months ended ended September 30, 2025 EFT Money Corporate Processing epay Transfer Services Consolidated Revenue $ 409.4 $ 286.5 $ 452.4 $ (2.6) $ 1,145.7 Add: Estimated foreign currency imp
Slide 21: Reconciliation of Adjusted Earnings per Share
Reconciliation of Adjusted Earnings per Share (unaudited - in millions, except share and per share data) Three Months Ended September 30, 2025 2024 Net income attributable to Euronet Worldwide, Inc. $ 122.0 $ 151.5 Foreign currency exchange gain (0.1) (27.4) Intangible asset amortization 4.9 5.1 Sha
Slide 22: Thank you
Thank you Euronet | www.euronetworldwide.com 22