Euronet Worldwide, Inc. (Nasdaq: EEFT), a prominent player in global payments processing and cross-border transactions, has released its financial results for the first quarter of 2026. The report indicates a solid start to the year, driven by robust growth in adjusted earnings per share and notable performance in key business segments.

1. Financial Highlights

For the first quarter of 2026, Euronet posted the following consolidated financial results compared to the same period in 2025:

Total Revenues: $1,011.8 million, up 11% from $915.5 million (4% increase on a constant currency basis).

Operating Income: $72.0 million, down 4% from $75.2 million (10% decrease on a constant currency basis).

Adjusted EBITDA: $126.7 million, an increase of 7% from $118.7 million (1% increase on a constant currency basis).

Net Income: $37.5 million, or $0.83 diluted earnings per share, compared to $38.4 million, or $0.85 diluted earnings per share in Q1 2025.

Adjusted Earnings per Share: $1.58, reflecting a 40% increase from $1.13 in the previous year. Excluding the one-time tax charge of $0.20 per share in 2025, adjusted EPS rose 19% from $1.33.

2. CEO Insights

Michael J. Brown, Euronet's Chairman and CEO, expressed optimism regarding the company's performance, stating, “We believe Euronet’s first quarter 2026 results reflect meaningful progress across our growth initiatives as we continue to navigate a challenging geopolitical and economic backdrop.” He emphasized that the company is on a strong trajectory to meet its full-year earnings growth targets, with notable contributions from the Ria Digital segment, which experienced a remarkable 42% revenue growth spurred by a 35% increase in transactions.

3. Segment Performance

EFT Processing Segment

Revenues: $295.4 million, a significant 27% increase from $232.5 million (19% increase on a constant currency basis).

Operating Income: $23.4 million, flat compared to the previous year.

Adjusted EBITDA: $55.2 million, a 16% increase from $47.6 million (12% increase on a constant currency basis).

The segment saw a modest increase in installed ATMs, totaling 56,347 as of March 31, 2026, reflecting continued growth in acquiring and infrastructure sales.

epay Segment

Revenues: $293.5 million, a 10% increase from $267.4 million (2% increase on a constant currency basis).

Operating Income: $32.4 million, up 21% from $26.8 million (13% increase on a constant currency basis).

Adjusted EBITDA: $33.9 million, a 19% increase from $28.4 million (12% increase on a constant currency basis).

While the total number of transactions decreased by 5%, the segment demonstrated strong operational improvements, excluding prior year tax impacts.

Money Transfer Segment

Revenues: $425.2 million, a modest 2% increase from $417.7 million (4% decrease on a constant currency basis).

Operating Income: $41.9 million, a 7% decline from $45.1 million (14% decrease on a constant currency basis).

Adjusted EBITDA: $48.3 million, down 6% from $51.3 million (12% decrease on a constant currency basis).

The segment faced challenges due to immigration reform affecting transfers, particularly from the U.S. to Mexico, although digital transactions rose by 35%.

4. Corporate and Financial Position

Euronet reported a total cash position of $2,134.4 million as of March 31, 2026, a significant increase from $1,713.8 million at year-end 2025. However, total indebtedness rose to $2,556.2 million, primarily due to share repurchases and changes in working capital balances.

5. Outlook for 2026

The company maintains its adjusted earnings per share growth forecast of 10% to 15% year-over-year for 2026, aligning with its historical growth rates. The outlook remains cautious, taking into account potential fluctuations in foreign exchange rates, interest rates, and other unforeseeable variables.

Euronet Worldwide continues to adapt and evolve, leveraging its global infrastructure and technology-driven solutions to navigate complex market dynamics and pursue growth opportunities.

6. Conclusion

Euronet Worldwide's first quarter results reflect a resilient performance amid a challenging economic environment. With strong growth in adjusted earnings per share and significant contributions from key segments, the company appears well-positioned to achieve its financial targets for the year. Investors and stakeholders will be keen to watch how Euronet sustains this momentum throughout 2026.

Original press release