EEFT

The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how diversified financial services stocks fared in Q2, starting with Euronet Worldwide (NASDAQ:EEFT). Diversified financial services encompass specialized offerings outside traditional categories. These firms benefit from identifying niche market opportunities, developing tailored financial products, and often facing less direct competition. Challenges include scale limitations, regulatory classification uncertainties, and the need to continuously innovate to maintain market differentiation against larger competitors expanding their offerings. The 10 diversified financial services stocks we track reported a mixed Q2. As a group, revenues beat analysts’ consensus estimates by 1.3% while next quarter’s revenue guidance was in line. In light of this news, share prices of the companies have held steady as they are up 1.5% on average since the latest earnings results. Operating a global network of over 47,000 ATMs and 821,000 point-of-sale terminals across more than 60 countries, Euronet Worldwide (NASDAQ:EEFT) provides electronic payment solutions including ATM services, prepaid product processing, and international money transfer services. Euronet Worldwide reported revenues of $1.11 billion, up 3.2% year on year. This print fell short of analysts’ expectations by 2.9%. Overall, it was a softer quarter for the company with a significant miss of analysts’ EBITDA and EPS estimates. “Our second quarter results demonstrate the resilience of Euronet's diversified global payments platform and our ability to consistently deliver profitable growth while investing for the future," said Michael J. Brown, Euronet's Chairman and Chief Executive Officer. Euronet Worldwide delivered the weakest performance against analyst estimates among its peers. The market seems disappointed with the results as the stock is down 15.3% since reporting and currently trades at $70.90. Is now the time to buy Euronet Worldwide? Access our full analysis of the earnings results here, it’s free. Founded in 2004 to simplify the complex world of bill payments, Paymentus (NYSE:PAY) provides a cloud-based platform that helps utilities, municipalities, and service providers automate billing and payment processes. Paymentus reported revenues of $360.7 million, up 28.8% year on year, outperforming analysts’ expectations by 4.3%. The business had an exceptional quarter with a beat of analysts’ EPS and EBITDA estimates. Paymentus delivered the highest guidance raise and fastest revenue growth in the group. The market seems happy with the results as the stock is up 12.9% since reporting. It currently trades at $38.99. Is now the time to buy Paymentus? Access our full analysis of the earnings results here, it’s free. With a history dating back to 1851 when it began as a telegraph company, Western Union (NYSE:WU) is a global money transfer service that enables consumers and businesses to send funds across borders and currencies, typically within minutes. Western Union reported revenues of $1.01 billion, down 1.3% year on year, falling short of analysts’ expectations by 1.4%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA estimates and full-year EPS guidance missing analysts’ expectations. Western Union delivered the slowest revenue growth among its peers. As expected, the stock is down 8.7% since the results and currently trades at $7.02. Read our full analysis of Western Union’s results here. Founded during the early days of global e-commerce in 2005 to solve international payment challenges, Payoneer (NASDAQ:PAYO) provides financial technology services that enable small and medium-sized businesses to send and receive payments globally across borders. Payoneer reported revenues of $274.3 million, up 5.2% year on year. This print surpassed analysts’ expectations by 1.2%. Zooming out, it was a softer quarter as it produced EPS in line with analysts’ estimates. The stock is flat since reporting and currently trades at $7.07. Read our full, actionable report on Payoneer here, it’s free. Originally spun off from eBay in 2015 after being acquired by the auction giant in 2002, PayPal (NASDAQ:PYPL) operates a global digital payments platform that enables consumers and merchants to send, receive, and process payments online and in person. PayPal reported revenues of $8.68 billion, up 4.8% year on year. This number topped analysts’ expectations by 2.5%. It was a strong quarter as it also recorded an impressive beat of analysts’ EBITDA and EPS estimates. The stock is up 4.8% since reporting and currently trades at $58.75. Read our full, actionable report on PayPal here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Image source: The Motley Fool. Thursday, July 30, 2026 at 9:00 a.m. ET Head of Investor Relations - Stephanie Taylor Chairman and Chief Executive Officer - Mike Brown Chief Financial Officer - Rick Weller Operator: Day. Thank you for standing by. Welcome to Euronet Worldwide's second quarter 2026 earnings call conference. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one again. Please be advised that today's conference is being recorded. It is now my pleasure to introduce your host, Ms. Stephanie Taylor, Head of Investor Relations for Euronet Worldwide. Thank you. Ms. Taylor, you may now begin. Stephanie Taylor: Thank you, Tyler. Good morning, and welcome to Euronet's second quarter 2026 earnings conference call. On the call, we have Mike Brown, our Chairman and CEO, and Rick Weller, our CFO. Before we begin, I need to call your attention to the forward-looking statements disclaimer on the second slide of the PowerPoint presentation we will be making today. Statements made on this call that confirm Euronet or its management's intentions, expectations or predictions of further performance are forward-looking statements. Euronet's actual results may vary materially from those anticipated in these forward-looking statements as a result of a number of factors that are listed on the second slide of our presentation. In addition, the PowerPoint presentation includes a reconciliation of the non-GAAP financial measures we will be using during the call to their most comparable GAAP measures. I'll turn the call over to our Chairman and CEO, Mike Brown. Mike Brown: Thank you, Stephanie. Good morning, everybody, and thank you for joining us. I'll begin my comments on slide number four. During the second quarter, our results demonstrated the resilience of Euronet's diversified business model and our ability to execute against our long-term growth strategy. Second quarter adjusted EPS increased 10%, marking our fifth consecutive quarter of double-digit earnings growth. Our digital accelerators once again represented our primary growth driver during the quarter, with revenue growing 31% year-over-year for the second quarter and 35% year to date. While we experienced some softness in certain parts of the business and made some additional investments into digital, the continued momentum in our accelerators highlights the benefits of our diversified model and digital initiatives. We also continued to see a very positive response to the CoreCard platform, highlighted by the signing of a credit card processing agreement with Unibanca, one of Peru's leading bank processors. Finally, we continued to return capital to shareholders, repurchasing about $50 million worth of Euronet shares during the quarter. Overall, we are pleased with our ability to navigate an evolving macro environment and remain focused on executing our strategy, managing capital prudently and delivering long-term value for the shareholders. We'll move on to slide number five. On slide five, you'll find an update to the digital accelerator framework we introduced at our Investor Day in May. This framework helps illustrate the drivers behind Euronet's long-term growth strategy. Digital accelerators represented 26% of total company revenue year to date, reflecting the continued shift in our business towards higher growth digitally enabled payment channels. As I mentioned, revenue from these products in this quarter grew 31% in the quarter and 35% year-to-date, well above the 23% growth rate outlined at Investor Day. This performance was driven by strong results across several businesses, led by Ria Digital, Issuing, and Merchant Services. Growth in our non-accelerator businesses was somewhat softer than anticipated, primarily due to the impact of U.S. immigration policies and the related pressure on remittance send volumes globally. Moreover, our ATM transactions were a bit softer than we expected earlier in the travel season. Our experience appears to be generally consistent with market sources that indicate that airline bookings from the U.S. to Europe are about 5%-8% below the peak 2025 booking window and European travelers becoming more selective with discretionary spending. Despite these near-term headwinds, these businesses remain highly profitable, cash generative and strategically important, providing the foundation that enables us to invest in higher growth opportunities. Looking ahead, our long-term thesis remains unchanged. Leverage Euronet's world-class payment network to provide seamless digital solutions for our customers. We expect the accelerators to remain our fastest-growing revenue category and a key driver of earnings growth and shareholder value creation over the coming years. Turning to the next slide, payments infrastructure, formerly known as EFT, we made meaningful progress advancing several of our digital accelerator initiatives during the quarter. In merchant services, we expanded on the previously announced acquisition of CrediaBank's merchant services business in Greece. During the second quarter, we launched a merchant acquiring referral program that expands our distribution channels and creates additional opportunities to reach merchants through partner relationships. This partnership further strengthened our existing sales initiatives, which resulted in the addition of 4,200 new merchants during the quarter. These additions reflect continued demand for our merchant acquiring solutions and reinforce our strong position in growth. In payment processing, we also continued to see strong momentum for our CoreCard platform. During the quarter, we signed a credit card processing agreement with Upgrade, a U.S.-based digital banking platform. We also signed a multi-year Ren agreement with Unibanca, one of Peru's leading financial processors, to modernize credit issuing in Peru through Ren's expanded credit architecture powered by CoreCard. Unibanca currently provides processing services to nine banks in the country, making this an important competitive win and further demonstrating the flexibility, scalability, and competitiveness of our technology. Importantly, CoreCard was the difference-maker in winning this business. Prior to the acquisition, we had an issuing platform, but it was not our leading product in our portfolio. We previously participated in the Unibanca RFP, but we were not selected. After we announced the acquisition of CoreCard, it changed the narrative of the sales process. We reengaged with Unibanca as CoreCard's solution not only handles consumer credit at proven scale but also has a robust commercial credit capability, among others. The CoreCard SaaS solution, together with the breadth of Euronet's broader Ren payment product offering, provided Unibanca with a single strategic modernization partner. This ultimately resulted in Unibanca selecting our product, which will displace the incumbent processor. This win really speaks to the combined power of CoreCard and Ren. Also related to our accelerators, we signed an online merchant acquiring agreement with NTT Data, a leading merchant acquirer in the Asia Pac region. This relationship highlights the strength of our platform and supports our strategy of partnering with established payment providers in attractive growth markets. Finally, we have signed a new sponsorship agreement with a bank in Costa Rica, which will help us grow our IAD network in this cash-rich country. Overall, these wins reflect continued execution against our strategy of expanding our customer footprint, deepening client relationships, and delivering scalable infrastructure solutions that help our customers grow. As digital payments adoption continues to increase globally, we believe our digital capabilities position us to deliver greater value to customers and capitalize on this long-term trend. Now let's go to slide number seven. Turning to epay, we continue to expand digital distribution and payment capabilities across our global network. This quarter, we expanded our merchant services business by completing the integration of Visa and Mastercard acquiring across all dm stores. dm is one of the largest health and beauty retailers in Europe, operating more than 4,000 stores in 14 countries across the continent. epay is now the exclusive provider of retail POS processing for Visa and Mastercard across all dm stores in Europe, building on our long-term relationship where we were already providing acquiring to them for Alipay, PayPal, Apple Pay, Google Pay, and girocard. During our investor day, we highlighted a new opportunity relating to building direct-to-publisher relationships. As digital channels continue to evolve, game publishers are seeking greater control over how their products are marketed, sold, and distributed. This is creating new capabilities for epay to leverage its global distribution network, issuer capabilities, and publisher relationships. Through our direct-to-publisher strategy, we are working directly with game publishers to distribute their content across our expansive network of digital and physical channels, while also supporting publishers that choose to introduce their own branded store value products. As app store billing frameworks continue to evolve, particularly in mobile gaming, we believe demand for these services will increase over time. This quarter, we furthered our direct-to-publisher strategy by signing a distribution agreement with Capcom, a tier-1 Japanese game publisher with iconic franchises such as Street Fighter and Resident Evil. Capcom sold 59 million units last year, and this agreement allows us to directly distribute Capcom content across Europe with attractive economics. This digital distribution agreement demonstrates our ability to establish direct publisher relationships, and we expect this to continue across both PC and mobile gaming. In Japan, we signed an agreement with Yahoo and Rakuten to distribute Roblox and Riot products. We launched Google Play, Xbox, Riot, and PlayStation products on Stanverse, an Indian gaming platform. These initiatives further strengthen our branded payments and merchant services businesses while expanding the reach of our digital distribution platform. Additionally, after years of anticipation, and I've talked to you about this multiple times, and several delays, Rockstar has officially opened Grand Theft Auto VI pre-orders in late June and confirmed a November 19th release date. We immediately saw a positive response in sales of PlayStation and Xbox gaming credits used to fund those purchases. GTA VI is widely expected to be one of the largest entertainment launches ever, we believe the opportunity extends well beyond the initial game into months of ongoing digital spending. More specifically, large-scale releases tend to create an extended engagement cycle that begins with pre-orders, accelerates through the launch, continues through with downloadable content, online gameplay, subscriptions, and in-game purchases. While we're not forecasting results tied to a single title, the early demand we are seeing reinforces our confidence in gaming as one of our most attractive growth categories. Finally, as an update to our real money gaming strategy, Marker Trax and Koin continue to make meaningful progress. Marker Trax's omni-channel solution, built on Euronet's Ren platform, is now certified with most U.S. casino management systems. We expect them to achieve certification across all major U.S. slot machine systems as well as their first table management system by year-end. At the same time, one of the world's largest gaming and entertainment technology companies has selected Coin Direct as its white label solution, enabling players to fund slot machines, play directly from their bank accounts using their mobile phones. Together, these milestones reinforce the momentum they are building across both platforms going into next year and beyond. As we discussed on our investor day, epay benefits from a highly scalable global network that connects brands, retailers, and consumers across both physical and digital channels. The opportunities we are pursuing today leverage that same infrastructure, creating additional avenues for growth and increasing the value of the platform over time. Now let's move on to slide eight and we'll talk about cross-border payments business formerly known as money transfer. Slide eight. The second quarter cross-border payments results were softer than we expected, driven by two primary factors. First, U.S. immigration enforcement continued to weigh on cross-border transaction volumes, primarily from the U.S. to Mexico. This was a market-wide dynamic as the broader U.S. outbound remittance market experienced its first annual decline in more than a decade. Supporting that trend, the Brookings Institution reported that net migration was likely close to zero or negative across the calendar year 2025 for the first time in at least a half a century, reducing the pool of new workers and consumers that historically drive outbound remittance growth. Market reports also show encouraging signs, though, of stabilization, with growth in remittance volume to Mexico over the last four months. We are executing several initiatives to reinvigorate growth in the retail channel where we felt the pain. While overall volumes have softened, our geo and channel diversification is enabling us to weather the storm, highlighted by the very strong growth in our digital channel. The second-largest driver of the softness was a difficult comp to the prior year's second quarter, where we saw unusually high margins from a non-recurring fee rebate in Pakistan and certain one-time FX opportunities. Those two items, together with incremental investment in our cross-border payment accelerators, are the key drivers of the softer segment's operating income. I remain confident that the underlying business remains healthy and the long-term growth trajectory remains intact. As I turn to the highlights, Ria Digital continues to lead our growth, with digital transactions increasing 33%, our fourth consecutive quarter of growth exceeding 30%. The business continues to demonstrate its durability, with more than 90% of the transaction volume coming from repeat customers. During the quarter, we continued investing for future growth, increasing digital marketing spend by approximately $3 million to support customer acquisition and long-term expansion. We also made meaningful progress with Dandelion, signing Mastercard Move as a new partner during the quarter. This partnership enables Mastercard Move, one of the world's largest payment ecosystems, to expand its global payout capabilities through the Dandelion network. We expect the service to go live in the fourth quarter, with transaction volumes ramping gradually through a phased rollout. In addition to Mastercard, we signed five new Dandelion partners, further expanding this key strategic accelerator. In the U.K., we launched an agreement with Uber to integrate Ria Money Transfer into Uber's driver app. This digital partnership will allow Uber drivers to send funds to their beneficiary directly from the app where they receive their earnings, giving them a competitive money transfer offering while saving time and reducing friction. Initiatives like this will continue to expand our reach and create new opportunities to serve both consumers and enterprise customers. In addition, we further enhanced our product offering through the launch of BriQ, enabling instant payments in Colombia. Finally, we expanded our wallet payout capabilities in Nigeria through the addition of four new banking partners. In summary, while the quarter's top-line print was softer than we wanted to report, the fundamentals of the business are still intact. Our strategic initiatives are contributing to a strong transaction in customer growth. We remain encouraged by the continued momentum in our digital business, the expansion of our global payment networks, and the opportunities we see to drive long-term profitable growth across the cross-border payment segment. With that, I will hand it over to Rick. Rick Weller: Thanks, Mike. Good morning, everyone. I will begin my comments on slide 10. For the quarter, we delivered revenue of $1.1 billion, operating income of $137 million, and adjusted EBITDA of $193 million. Our adjusted EPS was $2.82, a 10% increase over the prior year. It is worth noting that our operating income includes $4.7 million of additional non-cash purchase price amortization related to the GAAP purchase accounting for the CoreCard acquisition and an additional $1.9 million for non-cash share-based compensation. Excluding these two non-cash items, our operating income would have declined by 9%, which is largely attributable to the lighter cross-border payments volume. Further, we continued to generate strong free cash flows, producing approximately $80 million in the quarter. In addition to investments in our digital initiatives, this free cash flow also allowed us to repurchase approximately 705,000 shares for $50 million. These repurchases occurred later in the quarter and therefore had minimal impact on our quarterly adjusted EPS, but will benefit adjusted EPS in future quarters. Slide 11 shows our second quarter year-over-year results on an as-reported basis. Most of the major currencies where we operate in strengthened compared to the US dollar. To normalize the impact of the currency fluctuations, we have presented our results adjusted for currency on the next slide. On slide 12. The payments infrastructure segment delivered good results for the quarter, with revenue growth driven by continued expansion in merchant acquiring, interchange increases in certain markets, and the addition of CoreCard, which we acquired in the fourth quarter of 2025. Operating income and adjusted EBITDA increased 2% and 6% respectively, reflecting incremental earnings from these growth drivers, partially offset by ongoing cost inflation across our global markets. Operating income includes a $4.7 million increase in non-cash purchase accounting amortization I previously commented on, related to the CoreCard acquisition. Excluding that impact, operating income would have increased 7%. In epay, revenue grew 4%, and operating income and adjusted EBITDA each grew approximately 5%. These results reflect continued growth in higher-value digital content and merchant acquiring. Transactions were down about 11% due to shifting in low-value transactions in Asia-Pac. These transactions had nominal impacts on both revenue and profits. The cross-border payments segment results reflect the challenging operating environment Mike just outlined. Revenue declined 5%, reflecting lower U.S. to Mexico remittance volumes as U.S. immigration policies continued to weigh on activity in this quarter. This is partially offset by strong transaction growth at Ria Digital. The second quarter results were also compared to a favorable second quarter 2025, where we benefited from a non-recurring fee rebate in Pakistan and certain favorable foreign exchange-related opportunities that carried high margins and did not repeat this year. Operating income and adjusted EBITDA declined 35% and 32% respectively. About 60% of these declines are related to decline in revenue and related gross profit, and approximately 25% is related to incremental investment in sales and marketing to benefit our long-term digital accelerator growth drivers. We believe these investments were beneficial as they contributed to 35% growth in digital revenue. At the consolidated level, we delivered double-digit adjusted EPS growth despite the challenges in cross-border payments. Solid performance in payments infrastructure and epay, combined with continued momentum across our digital channels, helped offset pressures in cross-border payments. Despite near-term headwinds, we are confident in the underlying fundamentals and long-term thesis of our cross-border business. Looking ahead, our outlook remains unchanged. As we discussed during our first quarter call and the Investor Day, our digital accelerators continue to perform well and are becoming a larger part of our business mix. We continue to expect full-year adjusted EPS growth in the 10%-15% range, with quarterly earnings becoming more evenly distributed throughout the year as our digital growth strategy helps balance the quarter mix of our business. As we previously shared, the second and third quarters are expected to represent a smaller share of annual earnings than they have in historical quarters. Now let's turn to slide 13 for a few comments on the balance sheet. We ended the quarter with $1.2 billion in unrestricted cash and nearly $1 billion in cash deployed in our ATM network. Total debt was $2.7 at the end of the quarter. Changes in both cash and debt primarily reflect the seasonal funding required to support peak ATM cash demand, together with share repurchases, partially offset by approximately $80 million in cash generated from operations. Towards the end of May, we settled our EUR 700 million bonds. This resulted in increased interest expense of about $1.3 million in the second quarter compared to the prior year. As we look forward, we expect this will increase interest expense by approximately $6 million for the remainder of the year versus the prior year, based on current EUR borrowing rates. As we discussed in May, share repurchases remain a key component of our capital allocation strategy and are funded primarily through our recurring operating free cash flows. We continue to view buybacks as an attractive use of capital and a reflection of our view regarding the value of our shares relative to long-term opportunities for the business. Going forward, we will remain disciplined in capital allocation. With that, I'll turn it back to Mike for his closing remarks. Mike Brown: Thank you. As we wrap up, my key takeaway is this: momentum in our digital accelerators continues to strengthen and is increasingly shaping the future of Euronet, with revenue from this category up 35% year-to-date, well ahead of our long-term framework that we communicated to you at Investor Day. In the cross-border payments section, Ria Digital delivered another strong quarter, with revenue and transactions up 35% and 33% respectively, while Dandelion expanded through Mastercard Move and five new partners. In payments infrastructure, we saw continued strength in merchant acquiring and growing demand for CoreCard, highlighted by our new agreement with Unibanca. In epay, we are growing our digital content and gaming revenue through new direct publisher relationships, expanded distribution, and progress in real money gaming. Importantly, these accelerators are becoming a larger and much more durable part of our revenue mix. While parts of the business face near-term macroeconomic headwinds this quarter, our core strategy remains intact, our platforms are scaling, and our outlook is unchanged. We remain confident in delivering our long-term growth objectives and creating value for the shareholders. With that, I'd be happy to take questions. Operator, will you please assist? Operator: Thank you. At this time, we will conduct the question and answer session. As a reminder, to ask a question, you will need to press star one on your telephone and wait for your name to be announced. To withdraw your question, please press star one again. Please stand by while we compile the Q&A roster. Our first question comes from the line of Pete Heckmann from D.A. Davidson. Pete, the line is now yours. Pete Heckmann: Thank you very much. A lot of detail. I wanted to follow up on your comments on the digital accelerators. Revenue related to those businesses is up 35% in the first half, but your 2026 guidance is up 23%. Is that because of the lapping the CoreCard acquisition, or is there another difficult comparison that we should be thinking about, or is the full year guidance maybe just a little bit conservative? Mike Brown: I would say the lapping is the biggest thing. Plus, at the Investor Day, we were trying to be thoughtfully conservative. I'll tell you right now, it's grown even faster than we thought it would. We're pretty happy with those growth accelerators. Pete Heckmann: Great. Just to follow up on CoreCard. I didn't hear you mention it, CoreCard definitely outperformed on the revenue line in the first quarter. In the second quarter, would you say that it was generally in line with the revenue run rate that we're using on a quarterly basis, something in the $16 million-$18 million of acquired revenue for the quarter? Rick Weller: Yes, sir, Pete. As we pointed out in the first quarter, we had some one-time revenue that didn't do much in terms of profit because it was basically just pass-through cost that we have to account for under GAAP. Your analysis is right on. Mike Brown: Yeah. You remember that a lot of times when people get ready to issue a bunch of cards, they have to buy the plastic in advance. We provide that to them with little to no markup. That was, I can't remember, $10 million or something like that. It was a lot of money. Pete Heckmann: Yeah. Mike Brown: Yeah. Pete Heckmann: Okay. That's great. I appreciate it. Operator: Thank you. Our next question comes from the line of Mike Grondahl from Northland. Mike, the line is now yours. Mike Grondahl: Hey, guys. Thanks. On the money transfer area, any plans for increased marketing or promotion? I guess I'm trying to understand what you guys are doing to kind of return to growth there. Mike Brown: Well, first of all, we got a bad kind of macro. Mike Grondahl: Sure Mike Brown: We've found that our investments in digital are paying off very handsomely. We mentioned that we spent about an extra $3 million this last quarter in various marketing, mostly digital. Yes, we are doing that, and we will continue. Now, the problem is, if we're spending $3 million this quarter, you really don't see that revenue come in for another quarter or so. We look forward maybe to the fruits of those labors coming in Q3 and Q4. Yes, we are going to do it. The reality is, the market is weak. We need to be careful not to put too much money kind of barking up the wrong tree kind of thing. With digital, we're doing exceedingly well, and we will continue to accelerate that. Mike Grondahl: Got it. Just secondly, the European ATM footprint. I think I heard you say, Mike, that travel started a little bit soft and European spend was a little bit soft, too. Mike Brown: Those are the numbers we get from research, is that U.S. to Mexico is a little weaker, within Europe, it's a little bit weaker, too. They're much more careful. The reality is we are in a global economic slowdown, that just means when people go on vacation, they spend less money. Mike Grondahl: Got it. Hey, do you see that continuing through the whole year, or what's kind of your outlook there? Rick Weller: Well, yeah, Mike, we saw a little bit of softness in the second quarter. I don't want to be too bullish on stuff, but we saw a little bit of improvement as we go into the third quarter. We've read some other market stats that would indicate that there's maybe a little better expectation as the travel season kind of comes to a head in August. I would say my perspective, it would be certainly consistent to improving. I wouldn't say that improving is rocket improving, but it's a positive. Mike Grondahl: Okay. Thank you. Operator: Thank you. Our next question comes from the line of Chris Kennedy from William Blair. Chris, the line is now open. Chris Kennedy: Yeah. Good morning. Thanks for taking the questions and appreciate all the detail. XE and small business payments is a massive opportunity. Can you just talk about some of the initiatives that you have to capture that market? Mike Brown: You're right. It is exactly that. It's a huge opportunity because the value proposition that XE gives to both individuals and small businesses, especially, are the ability to make cross-border payments much more quickly and less expensively than their bank would. We've got a whole plan of investment into XE beginning in the second half of the year. Honestly, I think we're sitting on an asset that we have not done enough with. Because one of the reasons that's a little bit frustrating is we've got the best payout of any company of its ilk in the world. We should be able to do more with this, and that's what we're going to focus on the last half of the year. Chris Kennedy: Got it. Thank you for that. Then the CoreCard win in Peru was very encouraging. Are you seeing that type of setup in other markets where CoreCard is helping you get over the finish line? Mike Brown: Well, let me tell you this. As I've said in prior calls, we really didn't expect to get a deal closed with CoreCard for 18 months after sale. It was in November or December of last year when we bought it. We have been exceedingly both surprised and happy with the deals that we're signing. We're five, six deals in, with a lot more in the hopper. I think CoreCard is going to be one of our very best acquisitions as it continues to build momentum and reference customers. There are really only two platforms kind of on the planet that are of scale, maybe three. We're the third one. You've got to get references in the market, then once you get references, then it's a lot easier to do so. We really like this one at Unibanca because they're actually a processor for multiple banks. They'll be using CoreCard and each of the nine banks they have can set it up however they wish, and it gives us a good reference customer in LatAm. That's the key too, is you've got to be able to have a reference customer in the same language. We did those two deals in Ecuador last year for Ren. Between that and the Peru deal, I think we see LatAm as an entire market that's tired of this 40-year-old technology that they've been kind of forced to buy from the U.S. up to this point. Rick Weller: Yeah. Chris, I would add that one of the things that we have been very pleased with is to see, let's say the consumer reaction to the broader suite of capability that we offer. CoreCard is an outstanding product on its own, leading in the industry, makes for great discussions. When our prospects then hear more about what we have to offer, whether it's in the ATM outsourcing world, whether it's other kind of debit platforms, alternative payment platforms, connectivity to real-time payment, real-time processing, the opportunity to move payments around the world with our businesses like Dandelion, it really then leads to a much richer discussion. I would say that was part of ultimately the winning of the deal in Peru. We had a fantastic product in CoreCard, what really then kind of cemented it was that broader capability that Ren platform brings. It's not just a licensable product. As you probably noticed in our comment, we're providing that on a SaaS basis, right? It really is becoming a very significant product as an anchor product within that Ren suite. Stay tuned, we've got more to come in the future. Chris Kennedy: Great. Thanks for taking the questions. Operator: Thank you. Our next question comes from the line of Vasu Govil from KBW. Vasu, the line is yours. Vasu Govil: Hi, thank you for taking my question. I guess, Mike, my question, first one, just around the revenue expectations for the year. I know at the Investor Day, you guys had outlined approximately 6% growth for the year. It seems like the non-digital accelerators are performing worse, but you're also seeing better trends in the digital accelerators. Net, how should we think about the growth rate and revenues for the year? Mike Brown: I'll let Rick correct me, I think we're pretty much unchanged from where we were at the Investor Day. Rick Weller: Yeah. Vasu Govil: Got it. That's helpful. Just going back to the question on the weaker U.S. to Europe airline bookings, I was curious if you think some of the weaker bookings is the result of the FIFA World Cup, with more people traveling the reverse from Europe to U.S. instead of U.S. to Europe? If the comment you made that you are seeing some improvement in 3Q, could it be related to that? If that's the case, you could see more of a rebound in the back half? Just any thoughts around that. Rick Weller: We did see some print out there that said that possibly people directed their vacations towards the U.S. for the World Cup. As you can anticipate, when you don't have someone show up at an ATM, you don't necessarily get a response from them that says, "I would have come to your ATM, but I went to the World Cup." It's kind of hard to sort out exactly what it is, but we have seen information that suggests that some European customers, other customers, came to the U.S. for the World Cup. There was also some commentary in some of the articles that suggested that might be a part of the reason why a little better, more resilient second part of the tourism season they would see in Europe. Yeah. I think it's kind of mixed in there. There was probably some impact from World Cup. Now that it's over, people may be going more towards the European location rather than U.S. Mike Brown: If you think about it, the airplanes coming from Europe to the U.S., that would be your return trip of a U.S. traveler if you decided to go over. Those airplane fares were through the roof during the World Cup. Now that's calmed down, we could see that it's possible that people might do their round trips and their vacations a little later in the season after World Cup is behind them. That's what we're kind of hoping for. The World Cup was inflationary, we'll just put it that way, if you were going to travel. Vasu Govil: That's helpful, color. I guess a quick one, modeling one, Rick, for you. At the Investor Day, I know you guys had outlined the $125 million-$150 million of annual share buybacks. You guys have already reached that range for the year in the first half. Just how are you thinking about buybacks in the back half, and any incremental buybacks incorporated into the earnings outlook? Thank you. Rick Weller: Yeah. We don't have any additional numbers incorporated in the outlook there, really. As we said, look, we continue to believe that it's a good use of capital. We'll continue to maintain a positive view toward how we use our capital to repurchase shares. Vasu Govil: Thank you very much. Operator: Thank you. Our next question comes from the line of Gus Galá from MCH. Gus, your line is now open. Gus Galá: Hi, Mike. Hi, Rick. Thank you for taking my question. Rick Weller: Hi, Gus. Gus Galá: I wanted to dig into money transfer a little bit, kind of get your state of the union on it. Clearly, there's a mix shift ongoing in the industry towards digital. Just thoughts on how that's accelerating, decelerating. The other interesting topic that we're interested in is, are you seeing areas of stress at the smaller scale operators? I think we saw some of that in late 2023 to 2024. Just any return on that, anything to note interesting on promotional pricing, promotional activity that you're seeing across the industry would be helpful. Thanks. Mike Brown: Rick, you want to do that? Rick Weller: Yeah. More to the latter one out there. Yeah, we certainly see some stress on some of the smaller scale operators. I think when you see things like this, it's not necessarily discriminatory among operators. At least as we look at it, and we believe that we benefit from it, is that we've got multiple ways of going to the cross-border market. We've got a well-accepted digital product that performed, again, very nicely this quarter. The Dandelion product, where we get to a broader share of the market of other people that are covering it, and as we talked there briefly on the XE market there. I think having the digital product really gives us that extra help, especially if it's a customer that doesn't want to pay the 1% remittance tax, excise tax. They can then take advantage of that through the digital platform. We continue to roll out the digital product around the world, where we enjoy the benefit of being around the world rather than just in the U.S. We see the combination of having a digital product, and I'd really say three digital products available to go after the market. It's the direct to the customer, the Dandelion product on a wholesale basis, and the XE product to the small to medium-sized business. We also kind of look at it and see that the biggest impacts started happening in the second quarter of last year. As we look forward, we also know that the stress declines on a year-over-year basis tapered off as we went throughout the year. That should make it a little bit, I don't know, let's say make the comps possibly a little bit easier. It kind of gets into a little bit more of a normalization, if you will. Once you kind of get, let's say, to some type of normalization, then we can get back to seeing the strength of the business and start moving more into the growth mode. We're cautiously optimistic that we'll start to see it stabilize a bit more. As Mike said, we saw some signs of that as we went through the quarter. We'll continue to be very motivated to take advantage of our digital product. Yeah, hope that helps. Anything else, glad to help with it. Gus Galá: Yeah. I guess I just wanted to basically, the thought process, whatever irrationality we've seen in pricing elsewhere in the market, kind of seeing that subside. That's helpful. That's all I have. Thank you. Rick Weller: All right. Very good. Operator: Thank you. Our last question comes from the line of Josh Levin from Autonomous Research. Josh, the line is now yours. Rick Weller: Morning, Josh. Josh Levin: Thank you. Good morning. Two questions. You called out weakness in remittances due to U.S. immigration policies in the second quarter. If Mexican central bank data has actually shown growth in inbound remittances in recent months, maybe you could just talk a little more about U.S. to Mexico for you, and if U.S. to Mexico was down for you, how do we reconcile that with growth in the central bank data? Then just to clarify a previous question, can you get a little more granular what share count underpins the reiterated 10%-15% adjusted EPS guidance? Thank you. Rick Weller: Well, as Mike said, we started seeing a little bit of improvement in the Mexico stuff here. I'd just have to look at your data, but I don't know that it's growth on a year-over-year basis because last year to Mexico, I think it was down something like 16%-17%. I think it's starting to change direction. It was down significantly and now starting to move in the other direction, which is encouraging. That's on top of 16% down from last year. As it relates to our share count, when you look at the share count that's in our adjusted EPS reconciliation, we would expect that share count will be another, call it 400,000-500,000 shares less as we go into the rest of the year. Josh Levin: Thank you very much. Mike Brown: Okay, operator, if that's the last question, I want to thank everybody for taking their time. I look forward to talking to you in 90 days or so. Thank you very much. Operator: Thank you for your participation in today's conference. This does conclude the program. You may now disconnect. Before you buy stock in Euronet Worldwide, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Euronet Worldwide wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $386,727!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,232,139!* Now, it’s worth noting Stock Advisor’s total average return is 906% — a market-crushing outperformance compared to 208% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 3, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has positions in and recommends Euronet Worldwide. The Motley Fool has a disclosure policy. Euronet (EEFT) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Image source: The Motley Fool. Thursday, July 30, 2026 at 9:00 a.m. ET Head of Investor Relations - Stephanie Taylor Chairman and Chief Executive Officer - Mike Brown Chief Financial Officer - Rick Weller Operator: Day. Thank you for standing by. Welcome to Euronet Worldwide's second quarter 2026 earnings call conference. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one again. Please be advised that today's conference is being recorded. It is now my pleasure to introduce your host, Ms. Stephanie Taylor, Head of Investor Relations for Euronet Worldwide. Thank you. Ms. Taylor, you may now begin. Stephanie Taylor: Thank you, Tyler. Good morning, and welcome to Euronet's second quarter 2026 earnings conference call. On the call, we have Mike Brown, our Chairman and CEO, and Rick Weller, our CFO. Before we begin, I need to call your attention to the forward-looking statements disclaimer on the second slide of the PowerPoint presentation we will be making today. Statements made on this call that confirm Euronet or its management's intentions, expectations or predictions of further performance are forward-looking statements. Euronet's actual results may vary materially from those anticipated in these forward-looking statements as a result of a number of factors that are listed on the second slide of our presentation. In addition, the PowerPoint presentation includes a reconciliation of the non-GAAP financial measures we will be using during the call to their most comparable GAAP measures. I'll turn the call over to our Chairman and CEO, Mike Brown. Mike Brown: Thank you, Stephanie. Good morning, everybody, and thank you for joining us. I'll begin my comments on slide number four. During the second quarter, our results demonstrated the resilience of Euronet's diversified business model and our ability to execute against our long-term growth strategy. Second quarter adjusted EPS increased 10%, marking our fifth consecutive quarter of double-digit earnings growth. Our digital accelerators once again represented our primary growth driver during the quarter, with revenue growing 31% year-over-year for the second quarter and 35% year to date. While we experienced some softness in certain parts of the business and made some additional investments into digital, the continued momentum in our accelerators highlights the benefits of our diversified model and digital initiatives. We also continued to see a very positive response to the CoreCard platform, highlighted by the signing of a credit card processing agreement with Unibanca, one of Peru's leading bank processors. Finally, we continued to return capital to shareholders, repurchasing about $50 million worth of Euronet shares during the quarter. Overall, we are pleased with our ability to navigate an evolving macro environment and remain focused on executing our strategy, managing capital prudently and delivering long-term value for the shareholders. We'll move on to slide number five. On slide five, you'll find an update to the digital accelerator framework we introduced at our Investor Day in May. This framework helps illustrate the drivers behind Euronet's long-term growth strategy. Digital accelerators represented 26% of total company revenue year to date, reflecting the continued shift in our business towards higher growth digitally enabled payment channels. As I mentioned, revenue from these products in this quarter grew 31% in the quarter and 35% year-to-date, well above the 23% growth rate outlined at Investor Day. This performance was driven by strong results across several businesses, led by Ria Digital, Issuing, and Merchant Services. Growth in our non-accelerator businesses was somewhat softer than anticipated, primarily due to the impact of U.S. immigration policies and the related pressure on remittance send volumes globally. Moreover, our ATM transactions were a bit softer than we expected earlier in the travel season. Our experience appears to be generally consistent with market sources that indicate that airline bookings from the U.S. to Europe are about 5%-8% below the peak 2025 booking window and European travelers becoming more selective with discretionary spending. Despite these near-term headwinds, these businesses remain highly profitable, cash generative and strategically important, providing the foundation that enables us to invest in higher growth opportunities. Looking ahead, our long-term thesis remains unchanged. Leverage Euronet's world-class payment network to provide seamless digital solutions for our customers. We expect the accelerators to remain our fastest-growing revenue category and a key driver of earnings growth and shareholder value creation over the coming years. Turning to the next slide, payments infrastructure, formerly known as EFT, we made meaningful progress advancing several of our digital accelerator initiatives during the quarter. In merchant services, we expanded on the previously announced acquisition of CrediaBank's merchant services business in Greece. During the second quarter, we launched a merchant acquiring referral program that expands our distribution channels and creates additional opportunities to reach merchants through partner relationships. This partnership further strengthened our existing sales initiatives, which resulted in the addition of 4,200 new merchants during the quarter. These additions reflect continued demand for our merchant acquiring solutions and reinforce our strong position in growth. In payment processing, we also continued to see strong momentum for our CoreCard platform. During the quarter, we signed a credit card processing agreement with Upgrade, a U.S.-based digital banking platform. We also signed a multi-year Ren agreement with Unibanca, one of Peru's leading financial processors, to modernize credit issuing in Peru through Ren's expanded credit architecture powered by CoreCard. Unibanca currently provides processing services to nine banks in the country, making this an important competitive win and further demonstrating the flexibility, scalability, and competitiveness of our technology. Importantly, CoreCard was the difference-maker in winning this business. Prior to the acquisition, we had an issuing platform, but it was not our leading product in our portfolio. We previously participated in the Unibanca RFP, but we were not selected. After we announced the acquisition of CoreCard, it changed the narrative of the sales process. We reengaged with Unibanca as CoreCard's solution not only handles consumer credit at proven scale but also has a robust commercial credit capability, among others. The CoreCard SaaS solution, together with the breadth of Euronet's broader Ren payment product offering, provided Unibanca with a single strategic modernization partner. This ultimately resulted in Unibanca selecting our product, which will displace the incumbent processor. This win really speaks to the combined power of CoreCard and Ren. Also related to our accelerators, we signed an online merchant acquiring agreement with NTT Data, a leading merchant acquirer in the Asia Pac region. This relationship highlights the strength of our platform and supports our strategy of partnering with established payment providers in attractive growth markets. Finally, we have signed a new sponsorship agreement with a bank in Costa Rica, which will help us grow our IAD network in this cash-rich country. Overall, these wins reflect continued execution against our strategy of expanding our customer footprint, deepening client relationships, and delivering scalable infrastructure solutions that help our customers grow. As digital payments adoption continues to increase globally, we believe our digital capabilities position us to deliver greater value to customers and capitalize on this long-term trend. Now let's go to slide number seven. Turning to epay, we continue to expand digital distribution and payment capabilities across our global network. This quarter, we expanded our merchant services business by completing the integration of Visa and Mastercard acquiring across all dm stores. dm is one of the largest health and beauty retailers in Europe, operating more than 4,000 stores in 14 countries across the continent. epay is now the exclusive provider of retail POS processing for Visa and Mastercard across all dm stores in Europe, building on our long-term relationship where we were already providing acquiring to them for Alipay, PayPal, Apple Pay, Google Pay, and girocard. During our investor day, we highlighted a new opportunity relating to building direct-to-publisher relationships. As digital channels continue to evolve, game publishers are seeking greater control over how their products are marketed, sold, and distributed. This is creating new capabilities for epay to leverage its global distribution network, issuer capabilities, and publisher relationships. Through our direct-to-publisher strategy, we are working directly with game publishers to distribute their content across our expansive network of digital and physical channels, while also supporting publishers that choose to introduce their own branded store value products. As app store billing frameworks continue to evolve, particularly in mobile gaming, we believe demand for these services will increase over time. This quarter, we furthered our direct-to-publisher strategy by signing a distribution agreement with Capcom, a tier-1 Japanese game publisher with iconic franchises such as Street Fighter and Resident Evil. Capcom sold 59 million units last year, and this agreement allows us to directly distribute Capcom content across Europe with attractive economics. This digital distribution agreement demonstrates our ability to establish direct publisher relationships, and we expect this to continue across both PC and mobile gaming. In Japan, we signed an agreement with Yahoo and Rakuten to distribute Roblox and Riot products. We launched Google Play, Xbox, Riot, and PlayStation products on Stanverse, an Indian gaming platform. These initiatives further strengthen our branded payments and merchant services businesses while expanding the reach of our digital distribution platform. Additionally, after years of anticipation, and I've talked to you about this multiple times, and several delays, Rockstar has officially opened Grand Theft Auto VI pre-orders in late June and confirmed a November 19th release date. We immediately saw a positive response in sales of PlayStation and Xbox gaming credits used to fund those purchases. GTA VI is widely expected to be one of the largest entertainment launches ever, we believe the opportunity extends well beyond the initial game into months of ongoing digital spending. More specifically, large-scale releases tend to create an extended engagement cycle that begins with pre-orders, accelerates through the launch, continues through with downloadable content, online gameplay, subscriptions, and in-game purchases. While we're not forecasting results tied to a single title, the early demand we are seeing reinforces our confidence in gaming as one of our most attractive growth categories. Finally, as an update to our real money gaming strategy, Marker Trax and Koin continue to make meaningful progress. Marker Trax's omni-channel solution, built on Euronet's Ren platform, is now certified with most U.S. casino management systems. We expect them to achieve certification across all major U.S. slot machine systems as well as their first table management system by year-end. At the same time, one of the world's largest gaming and entertainment technology companies has selected Coin Direct as its white label solution, enabling players to fund slot machines, play directly from their bank accounts using their mobile phones. Together, these milestones reinforce the momentum they are building across both platforms going into next year and beyond. As we discussed on our investor day, epay benefits from a highly scalable global network that connects brands, retailers, and consumers across both physical and digital channels. The opportunities we are pursuing today leverage that same infrastructure, creating additional avenues for growth and increasing the value of the platform over time. Now let's move on to slide eight and we'll talk about cross-border payments business formerly known as money transfer. Slide eight. The second quarter cross-border payments results were softer than we expected, driven by two primary factors. First, U.S. immigration enforcement continued to weigh on cross-border transaction volumes, primarily from the U.S. to Mexico. This was a market-wide dynamic as the broader U.S. outbound remittance market experienced its first annual decline in more than a decade. Supporting that trend, the Brookings Institution reported that net migration was likely close to zero or negative across the calendar year 2025 for the first time in at least a half a century, reducing the pool of new workers and consumers that historically drive outbound remittance growth. Market reports also show encouraging signs, though, of stabilization, with growth in remittance volume to Mexico over the last four months. We are executing several initiatives to reinvigorate growth in the retail channel where we felt the pain. While overall volumes have softened, our geo and channel diversification is enabling us to weather the storm, highlighted by the very strong growth in our digital channel. The second-largest driver of the softness was a difficult comp to the prior year's second quarter, where we saw unusually high margins from a non-recurring fee rebate in Pakistan and certain one-time FX opportunities. Those two items, together with incremental investment in our cross-border payment accelerators, are the key drivers of the softer segment's operating income. I remain confident that the underlying business remains healthy and the long-term growth trajectory remains intact. As I turn to the highlights, Ria Digital continues to lead our growth, with digital transactions increasing 33%, our fourth consecutive quarter of growth exceeding 30%. The business continues to demonstrate its durability, with more than 90% of the transaction volume coming from repeat customers. During the quarter, we continued investing for future growth, increasing digital marketing spend by approximately $3 million to support customer acquisition and long-term expansion. We also made meaningful progress with Dandelion, signing Mastercard Move as a new partner during the quarter. This partnership enables Mastercard Move, one of the world's largest payment ecosystems, to expand its global payout capabilities through the Dandelion network. We expect the service to go live in the fourth quarter, with transaction volumes ramping gradually through a phased rollout. In addition to Mastercard, we signed five new Dandelion partners, further expanding this key strategic accelerator. In the U.K., we launched an agreement with Uber to integrate Ria Money Transfer into Uber's driver app. This digital partnership will allow Uber drivers to send funds to their beneficiary directly from the app where they receive their earnings, giving them a competitive money transfer offering while saving time and reducing friction. Initiatives like this will continue to expand our reach and create new opportunities to serve both consumers and enterprise customers. In addition, we further enhanced our product offering through the launch of BriQ, enabling instant payments in Colombia. Finally, we expanded our wallet payout capabilities in Nigeria through the addition of four new banking partners. In summary, while the quarter's top-line print was softer than we wanted to report, the fundamentals of the business are still intact. Our strategic initiatives are contributing to a strong transaction in customer growth. We remain encouraged by the continued momentum in our digital business, the expansion of our global payment networks, and the opportunities we see to drive long-term profitable growth across the cross-border payment segment. With that, I will hand it over to Rick. Rick Weller: Thanks, Mike. Good morning, everyone. I will begin my comments on slide 10. For the quarter, we delivered revenue of $1.1 billion, operating income of $137 million, and adjusted EBITDA of $193 million. Our adjusted EPS was $2.82, a 10% increase over the prior year. It is worth noting that our operating income includes $4.7 million of additional non-cash purchase price amortization related to the GAAP purchase accounting for the CoreCard acquisition and an additional $1.9 million for non-cash share-based compensation. Excluding these two non-cash items, our operating income would have declined by 9%, which is largely attributable to the lighter cross-border payments volume. Further, we continued to generate strong free cash flows, producing approximately $80 million in the quarter. In addition to investments in our digital initiatives, this free cash flow also allowed us to repurchase approximately 705,000 shares for $50 million. These repurchases occurred later in the quarter and therefore had minimal impact on our quarterly adjusted EPS, but will benefit adjusted EPS in future quarters. Slide 11 shows our second quarter year-over-year results on an as-reported basis. Most of the major currencies where we operate in strengthened compared to the US dollar. To normalize the impact of the currency fluctuations, we have presented our results adjusted for currency on the next slide. On slide 12. The payments infrastructure segment delivered good results for the quarter, with revenue growth driven by continued expansion in merchant acquiring, interchange increases in certain markets, and the addition of CoreCard, which we acquired in the fourth quarter of 2025. Operating income and adjusted EBITDA increased 2% and 6% respectively, reflecting incremental earnings from these growth drivers, partially offset by ongoing cost inflation across our global markets. Operating income includes a $4.7 million increase in non-cash purchase accounting amortization I previously commented on, related to the CoreCard acquisition. Excluding that impact, operating income would have increased 7%. In epay, revenue grew 4%, and operating income and adjusted EBITDA each grew approximately 5%. These results reflect continued growth in higher-value digital content and merchant acquiring. Transactions were down about 11% due to shifting in low-value transactions in Asia-Pac. These transactions had nominal impacts on both revenue and profits. The cross-border payments segment results reflect the challenging operating environment Mike just outlined. Revenue declined 5%, reflecting lower U.S. to Mexico remittance volumes as U.S. immigration policies continued to weigh on activity in this quarter. This is partially offset by strong transaction growth at Ria Digital. The second quarter results were also compared to a favorable second quarter 2025, where we benefited from a non-recurring fee rebate in Pakistan and certain favorable foreign exchange-related opportunities that carried high margins and did not repeat this year. Operating income and adjusted EBITDA declined 35% and 32% respectively. About 60% of these declines are related to decline in revenue and related gross profit, and approximately 25% is related to incremental investment in sales and marketing to benefit our long-term digital accelerator growth drivers. We believe these investments were beneficial as they contributed to 35% growth in digital revenue. At the consolidated level, we delivered double-digit adjusted EPS growth despite the challenges in cross-border payments. Solid performance in payments infrastructure and epay, combined with continued momentum across our digital channels, helped offset pressures in cross-border payments. Despite near-term headwinds, we are confident in the underlying fundamentals and long-term thesis of our cross-border business. Looking ahead, our outlook remains unchanged. As we discussed during our first quarter call and the Investor Day, our digital accelerators continue to perform well and are becoming a larger part of our business mix. We continue to expect full-year adjusted EPS growth in the 10%-15% range, with quarterly earnings becoming more evenly distributed throughout the year as our digital growth strategy helps balance the quarter mix of our business. As we previously shared, the second and third quarters are expected to represent a smaller share of annual earnings than they have in historical quarters. Now let's turn to slide 13 for a few comments on the balance sheet. We ended the quarter with $1.2 billion in unrestricted cash and nearly $1 billion in cash deployed in our ATM network. Total debt was $2.7 at the end of the quarter. Changes in both cash and debt primarily reflect the seasonal funding required to support peak ATM cash demand, together with share repurchases, partially offset by approximately $80 million in cash generated from operations. Towards the end of May, we settled our EUR 700 million bonds. This resulted in increased interest expense of about $1.3 million in the second quarter compared to the prior year. As we look forward, we expect this will increase interest expense by approximately $6 million for the remainder of the year versus the prior year, based on current EUR borrowing rates. As we discussed in May, share repurchases remain a key component of our capital allocation strategy and are funded primarily through our recurring operating free cash flows. We continue to view buybacks as an attractive use of capital and a reflection of our view regarding the value of our shares relative to long-term opportunities for the business. Going forward, we will remain disciplined in capital allocation. With that, I'll turn it back to Mike for his closing remarks. Mike Brown: Thank you. As we wrap up, my key takeaway is this: momentum in our digital accelerators continues to strengthen and is increasingly shaping the future of Euronet, with revenue from this category up 35% year-to-date, well ahead of our long-term framework that we communicated to you at Investor Day. In the cross-border payments section, Ria Digital delivered another strong quarter, with revenue and transactions up 35% and 33% respectively, while Dandelion expanded through Mastercard Move and five new partners. In payments infrastructure, we saw continued strength in merchant acquiring and growing demand for CoreCard, highlighted by our new agreement with Unibanca. In epay, we are growing our digital content and gaming revenue through new direct publisher relationships, expanded distribution, and progress in real money gaming. Importantly, these accelerators are becoming a larger and much more durable part of our revenue mix. While parts of the business face near-term macroeconomic headwinds this quarter, our core strategy remains intact, our platforms are scaling, and our outlook is unchanged. We remain confident in delivering our long-term growth objectives and creating value for the shareholders. With that, I'd be happy to take questions. Operator, will you please assist? Operator: Thank you. At this time, we will conduct the question and answer session. As a reminder, to ask a question, you will need to press star one on your telephone and wait for your name to be announced. To withdraw your question, please press star one again. Please stand by while we compile the Q&A roster. Our first question comes from the line of Pete Heckmann from D.A. Davidson. Pete, the line is now yours. Pete Heckmann: Thank you very much. A lot of detail. I wanted to follow up on your comments on the digital accelerators. Revenue related to those businesses is up 35% in the first half, but your 2026 guidance is up 23%. Is that because of the lapping the CoreCard acquisition, or is there another difficult comparison that we should be thinking about, or is the full year guidance maybe just a little bit conservative? Mike Brown: I would say the lapping is the biggest thing. Plus, at the Investor Day, we were trying to be thoughtfully conservative. I'll tell you right now, it's grown even faster than we thought it would. We're pretty happy with those growth accelerators. Pete Heckmann: Great. Just to follow up on CoreCard. I didn't hear you mention it, CoreCard definitely outperformed on the revenue line in the first quarter. In the second quarter, would you say that it was generally in line with the revenue run rate that we're using on a quarterly basis, something in the $16 million-$18 million of acquired revenue for the quarter? Rick Weller: Yes, sir, Pete. As we pointed out in the first quarter, we had some one-time revenue that didn't do much in terms of profit because it was basically just pass-through cost that we have to account for under GAAP. Your analysis is right on. Mike Brown: Yeah. You remember that a lot of times when people get ready to issue a bunch of cards, they have to buy the plastic in advance. We provide that to them with little to no markup. That was, I can't remember, $10 million or something like that. It was a lot of money. Pete Heckmann: Yeah. Mike Brown: Yeah. Pete Heckmann: Okay. That's great. I appreciate it. Operator: Thank you. Our next question comes from the line of Mike Grondahl from Northland. Mike, the line is now yours. Mike Grondahl: Hey, guys. Thanks. On the money transfer area, any plans for increased marketing or promotion? I guess I'm trying to understand what you guys are doing to kind of return to growth there. Mike Brown: Well, first of all, we got a bad kind of macro. Mike Grondahl: Sure Mike Brown: We've found that our investments in digital are paying off very handsomely. We mentioned that we spent about an extra $3 million this last quarter in various marketing, mostly digital. Yes, we are doing that, and we will continue. Now, the problem is, if we're spending $3 million this quarter, you really don't see that revenue come in for another quarter or so. We look forward maybe to the fruits of those labors coming in Q3 and Q4. Yes, we are going to do it. The reality is, the market is weak. We need to be careful not to put too much money kind of barking up the wrong tree kind of thing. With digital, we're doing exceedingly well, and we will continue to accelerate that. Mike Grondahl: Got it. Just secondly, the European ATM footprint. I think I heard you say, Mike, that travel started a little bit soft and European spend was a little bit soft, too. Mike Brown: Those are the numbers we get from research, is that U.S. to Mexico is a little weaker, within Europe, it's a little bit weaker, too. They're much more careful. The reality is we are in a global economic slowdown, that just means when people go on vacation, they spend less money. Mike Grondahl: Got it. Hey, do you see that continuing through the whole year, or what's kind of your outlook there? Rick Weller: Well, yeah, Mike, we saw a little bit of softness in the second quarter. I don't want to be too bullish on stuff, but we saw a little bit of improvement as we go into the third quarter. We've read some other market stats that would indicate that there's maybe a little better expectation as the travel season kind of comes to a head in August. I would say my perspective, it would be certainly consistent to improving. I wouldn't say that improving is rocket improving, but it's a positive. Mike Grondahl: Okay. Thank you. Operator: Thank you. Our next question comes from the line of Chris Kennedy from William Blair. Chris, the line is now open. Chris Kennedy: Yeah. Good morning. Thanks for taking the questions and appreciate all the detail. XE and small business payments is a massive opportunity. Can you just talk about some of the initiatives that you have to capture that market? Mike Brown: You're right. It is exactly that. It's a huge opportunity because the value proposition that XE gives to both individuals and small businesses, especially, are the ability to make cross-border payments much more quickly and less expensively than their bank would. We've got a whole plan of investment into XE beginning in the second half of the year. Honestly, I think we're sitting on an asset that we have not done enough with. Because one of the reasons that's a little bit frustrating is we've got the best payout of any company of its ilk in the world. We should be able to do more with this, and that's what we're going to focus on the last half of the year. Chris Kennedy: Got it. Thank you for that. Then the CoreCard win in Peru was very encouraging. Are you seeing that type of setup in other markets where CoreCard is helping you get over the finish line? Mike Brown: Well, let me tell you this. As I've said in prior calls, we really didn't expect to get a deal closed with CoreCard for 18 months after sale. It was in November or December of last year when we bought it. We have been exceedingly both surprised and happy with the deals that we're signing. We're five, six deals in, with a lot more in the hopper. I think CoreCard is going to be one of our very best acquisitions as it continues to build momentum and reference customers. There are really only two platforms kind of on the planet that are of scale, maybe three. We're the third one. You've got to get references in the market, then once you get references, then it's a lot easier to do so. We really like this one at Unibanca because they're actually a processor for multiple banks. They'll be using CoreCard and each of the nine banks they have can set it up however they wish, and it gives us a good reference customer in LatAm. That's the key too, is you've got to be able to have a reference customer in the same language. We did those two deals in Ecuador last year for Ren. Between that and the Peru deal, I think we see LatAm as an entire market that's tired of this 40-year-old technology that they've been kind of forced to buy from the U.S. up to this point. Rick Weller: Yeah. Chris, I would add that one of the things that we have been very pleased with is to see, let's say the consumer reaction to the broader suite of capability that we offer. CoreCard is an outstanding product on its own, leading in the industry, makes for great discussions. When our prospects then hear more about what we have to offer, whether it's in the ATM outsourcing world, whether it's other kind of debit platforms, alternative payment platforms, connectivity to real-time payment, real-time processing, the opportunity to move payments around the world with our businesses like Dandelion, it really then leads to a much richer discussion. I would say that was part of ultimately the winning of the deal in Peru. We had a fantastic product in CoreCard, what really then kind of cemented it was that broader capability that Ren platform brings. It's not just a licensable product. As you probably noticed in our comment, we're providing that on a SaaS basis, right? It really is becoming a very significant product as an anchor product within that Ren suite. Stay tuned, we've got more to come in the future. Chris Kennedy: Great. Thanks for taking the questions. Operator: Thank you. Our next question comes from the line of Vasu Govil from KBW. Vasu, the line is yours. Vasu Govil: Hi, thank you for taking my question. I guess, Mike, my question, first one, just around the revenue expectations for the year. I know at the Investor Day, you guys had outlined approximately 6% growth for the year. It seems like the non-digital accelerators are performing worse, but you're also seeing better trends in the digital accelerators. Net, how should we think about the growth rate and revenues for the year? Mike Brown: I'll let Rick correct me, I think we're pretty much unchanged from where we were at the Investor Day. Rick Weller: Yeah. Vasu Govil: Got it. That's helpful. Just going back to the question on the weaker U.S. to Europe airline bookings, I was curious if you think some of the weaker bookings is the result of the FIFA World Cup, with more people traveling the reverse from Europe to U.S. instead of U.S. to Europe? If the comment you made that you are seeing some improvement in 3Q, could it be related to that? If that's the case, you could see more of a rebound in the back half? Just any thoughts around that. Rick Weller: We did see some print out there that said that possibly people directed their vacations towards the U.S. for the World Cup. As you can anticipate, when you don't have someone show up at an ATM, you don't necessarily get a response from them that says, "I would have come to your ATM, but I went to the World Cup." It's kind of hard to sort out exactly what it is, but we have seen information that suggests that some European customers, other customers, came to the U.S. for the World Cup. There was also some commentary in some of the articles that suggested that might be a part of the reason why a little better, more resilient second part of the tourism season they would see in Europe. Yeah. I think it's kind of mixed in there. There was probably some impact from World Cup. Now that it's over, people may be going more towards the European location rather than U.S. Mike Brown: If you think about it, the airplanes coming from Europe to the U.S., that would be your return trip of a U.S. traveler if you decided to go over. Those airplane fares were through the roof during the World Cup. Now that's calmed down, we could see that it's possible that people might do their round trips and their vacations a little later in the season after World Cup is behind them. That's what we're kind of hoping for. The World Cup was inflationary, we'll just put it that way, if you were going to travel. Vasu Govil: That's helpful, color. I guess a quick one, modeling one, Rick, for you. At the Investor Day, I know you guys had outlined the $125 million-$150 million of annual share buybacks. You guys have already reached that range for the year in the first half. Just how are you thinking about buybacks in the back half, and any incremental buybacks incorporated into the earnings outlook? Thank you. Rick Weller: Yeah. We don't have any additional numbers incorporated in the outlook there, really. As we said, look, we continue to believe that it's a good use of capital. We'll continue to maintain a positive view toward how we use our capital to repurchase shares. Vasu Govil: Thank you very much. Operator: Thank you. Our next question comes from the line of Gus Galá from MCH. Gus, your line is now open. Gus Galá: Hi, Mike. Hi, Rick. Thank you for taking my question. Rick Weller: Hi, Gus. Gus Galá: I wanted to dig into money transfer a little bit, kind of get your state of the union on it. Clearly, there's a mix shift ongoing in the industry towards digital. Just thoughts on how that's accelerating, decelerating. The other interesting topic that we're interested in is, are you seeing areas of stress at the smaller scale operators? I think we saw some of that in late 2023 to 2024. Just any return on that, anything to note interesting on promotional pricing, promotional activity that you're seeing across the industry would be helpful. Thanks. Mike Brown: Rick, you want to do that? Rick Weller: Yeah. More to the latter one out there. Yeah, we certainly see some stress on some of the smaller scale operators. I think when you see things like this, it's not necessarily discriminatory among operators. At least as we look at it, and we believe that we benefit from it, is that we've got multiple ways of going to the cross-border market. We've got a well-accepted digital product that performed, again, very nicely this quarter. The Dandelion product, where we get to a broader share of the market of other people that are covering it, and as we talked there briefly on the XE market there. I think having the digital product really gives us that extra help, especially if it's a customer that doesn't want to pay the 1% remittance tax, excise tax. They can then take advantage of that through the digital platform. We continue to roll out the digital product around the world, where we enjoy the benefit of being around the world rather than just in the U.S. We see the combination of having a digital product, and I'd really say three digital products available to go after the market. It's the direct to the customer, the Dandelion product on a wholesale basis, and the XE product to the small to medium-sized business. We also kind of look at it and see that the biggest impacts started happening in the second quarter of last year. As we look forward, we also know that the stress declines on a year-over-year basis tapered off as we went throughout the year. That should make it a little bit, I don't know, let's say make the comps possibly a little bit easier. It kind of gets into a little bit more of a normalization, if you will. Once you kind of get, let's say, to some type of normalization, then we can get back to seeing the strength of the business and start moving more into the growth mode. We're cautiously optimistic that we'll start to see it stabilize a bit more. As Mike said, we saw some signs of that as we went through the quarter. We'll continue to be very motivated to take advantage of our digital product. Yeah, hope that helps. Anything else, glad to help with it. Gus Galá: Yeah. I guess I just wanted to basically, the thought process, whatever irrationality we've seen in pricing elsewhere in the market, kind of seeing that subside. That's helpful. That's all I have. Thank you. Rick Weller: All right. Very good. Operator: Thank you. Our last question comes from the line of Josh Levin from Autonomous Research. Josh, the line is now yours. Rick Weller: Morning, Josh. Josh Levin: Thank you. Good morning. Two questions. You called out weakness in remittances due to U.S. immigration policies in the second quarter. If Mexican central bank data has actually shown growth in inbound remittances in recent months, maybe you could just talk a little more about U.S. to Mexico for you, and if U.S. to Mexico was down for you, how do we reconcile that with growth in the central bank data? Then just to clarify a previous question, can you get a little more granular what share count underpins the reiterated 10%-15% adjusted EPS guidance? Thank you. Rick Weller: Well, as Mike said, we started seeing a little bit of improvement in the Mexico stuff here. I'd just have to look at your data, but I don't know that it's growth on a year-over-year basis because last year to Mexico, I think it was down something like 16%-17%. I think it's starting to change direction. It was down significantly and now starting to move in the other direction, which is encouraging. That's on top of 16% down from last year. As it relates to our share count, when you look at the share count that's in our adjusted EPS reconciliation, we would expect that share count will be another, call it 400,000-500,000 shares less as we go into the rest of the year. Josh Levin: Thank you very much. Mike Brown: Okay, operator, if that's the last question, I want to thank everybody for taking their time. I look forward to talking to you in 90 days or so. Thank you very much. Operator: Thank you for your participation in today's conference. This does conclude the program. You may now disconnect. Before you buy stock in Euronet Worldwide, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Euronet Worldwide wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $397,081!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,166,221!* Now, it’s worth noting Stock Advisor’s total average return is 889% — a market-crushing outperformance compared to 203% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of July 30, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has positions in and recommends Euronet Worldwide. The Motley Fool has a disclosure policy. Euronet (EEFT) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

This article first appeared on GuruFocus. Release Date: July 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Digital accelerators revenue grew 31% year-over-year in Q2 2026, significantly outpacing the 23% growth rate outlined at the investor day. Adjusted EPS increased 10% year-over-year, marking the fifth consecutive quarter of double-digit earnings growth. Corecard platform continues to gain traction, highlighted by a major credit card processing agreement with UniBanka in Peru, displacing an incumbent processor. Euronet Worldwide Inc (NASDAQ:EEFT) returned $50 million to shareholders through share repurchases during the quarter. Strong growth in digital cross-border payments, with Ria Digital transactions increasing 33% year-over-year for the fourth consecutive quarter. Cross-border payments revenue declined 5% due to US immigration policies pressuring remittance volumes, particularly from the US to Mexico. ATM transactions were softer than expected early in the travel season, with US-to-Europe airline bookings down 5-8% versus peak 2025 levels. Operating income in the cross-border payments segment fell 35% year-over-year, partly due to non-recurring benefits in the prior year and increased digital marketing spend. Epay transaction volumes declined 11% due to a shift in low-value transactions in the Asia-Pacific region. Interest expense increased by $1.3 million in Q2 2026 following the settlement of EUR700 million bonds, with an expected $6 million increase for the remainder of the year. Warning! GuruFocus has detected 3 Warning Signs with STU:WIS. Is EEFT fairly valued? Test your thesis with our free DCF calculator. Q: Revenue from digital accelerators is up 35% in the first half, but your 2026 guidance is up 23%. Is that because of lapping the CoreCard acquisition, or is the full-year guidance just a bit conservative?A: (Mike Brown, Chairman and CEO) I would say the lapping is the biggest thing. At the investor day, we were trying to be thoughtfully conservative. It's grown even faster than we thought it would, so we're pretty happy with those growth accelerators. Q: The CoreCard win in Peru was very encouraging. Are you seeing that type of setup in other markets where CoreCard is helping you get over the finish line?A: (Mike Brown, Chairman and CEO) We really didn't expect to get a deal closed with CoreCard for like 18 months after the sale, but we have been exceedingly surprised and happy with the deals we're signing. We're like 56 deals in, with a lot more in the hopper. I think CoreCard is going to be one of our very best acquisitions. At UniBanka, they are a processor for multiple banks, so they'll be using CoreCard, and each of the 9 banks can set it up however they wish. It gives us a good reference customer in LatAm, which is key. (Rick Weller, CFO) We have been very pleased to see the consumer reaction to the broader suite of capability we offer. CoreCard is an outstanding product, but when prospects hear about our ATM outsourcing, debit platforms, and Dandelion, it leads to a much richer discussion. That was part of ultimately winning the deal in Peru. Q: On the money transfer area, any plans for increased marketing or promotion to return to growth?A: (Mike Brown, Chairman and CEO) We found that our investments in digital are paying off very handsomely. We spent about an extra $3 million this last quarter in various marketing, mostly digital. The problem is that when we spend $3 million this quarter, you really don't see that revenue come in for another quarter or so. We look forward to the fruits of those labors coming in Q3 and Q4. The market is weak, so we need to be careful not to put too much money barking up the wrong tree, but with digital, we're doing exceedingly well and will continue to accelerate that. Q: You mentioned weakness in remittances due to US immigration policies. Mexican Central Bank data has shown growth in inbound remittances in recent months. How do we reconcile that with your US to Mexico business being down?A: (Mike Brown, Chairman and CEO) We started seeing a little bit of improvement in the Mexico stuff here. I don't know that it's growth on a year-over-year basis because last year to Mexico was down something like 16-17%. It's starting to change direction, which is encouraging, but that's on top of being down 16% from last year. Q: XE and small business payments is a massive opportunity. Can you talk about some of the initiatives you have to capture that market?A: (Mike Brown, Chairman and CEO) It's a huge opportunity because the value proposition that XE gives to both individuals and small businesses is the ability to make cross-border payments much more quickly and less expensively than their bank would. We've got a whole plan of investment into XE beginning in the second half of the year. I think we're sitting on an asset that we have not done enough with. We've got the best payout of any company of its ilk in the world, so we should be able to do more with this, and that's what we're going to focus on. Q: Do you think some of the weaker US to Europe airline bookings is the result of the FIFA World Cup, and could you see a rebound in the back half?A: (Mike Brown, Chairman and CEO) We did see some print out there that said possibly people directed their vacations towards the US for the World Cup. It's hard to sort out exactly what it is, but we have seen information that suggests some European customers came to the US for the World Cup. Now that it's over, people might be going more towards European locations. Airplane fares coming from Europe to the US were through the roof during the World Cup. Now that it's calmed down, it's possible people might do their vacations a little later in the season after the World Cup is behind them. The World Cup was inflationary if you were going to travel. Q: At the investor day, you outlined $125 to $150 million of annual share buybacks. You've already reached that range in the first half. How are you thinking about buybacks in the back half?A: (Rick Weller, CFO) We don't have any additional numbers incorporated in the outlook there. As we said, we continue to believe it's a good use of capital, and we'll continue to maintain a positive view toward how we use our capital to repurchase shares. Q: On the European ATM footprint, do you see the softness in travel continuing through the whole year?A: (Mike Brown, Chairman and CEO) We saw a little bit of softness in the second quarter. We saw a little bit of improvement as we go into the third quarter. We've read some other market stats that would indicate there's maybe a little better expectation as the travel season comes to a head in August. My perspective is it would be consistent to improving, but I wouldn't say that improving is rocket improving. It's a positive. Q: Regarding the revenue expectations for the year, the non-digital accelerators are performing worse, but digital accelerators are better. How should we think about the growth rate for the year?A: (Mike Brown, Chairman and CEO) I think we're pretty much unchanged from where we were at the investor day. (Rick Weller, CFO) Yes. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributed the 10% adjusted EPS growth to the resilience of a diversified model, where high-growth digital accelerators offset softness in legacy segments. Digital accelerator revenue grew 31% in the quarter, significantly exceeding the 23% long-term framework established at Investor Day, driven by Ria Digital, Issuing, and Merchant Services. Cross-border payments faced a 'market-wide dynamic' where U.S. immigration enforcement led to the first annual decline in the outbound remittance market in over a decade. ATM transaction softness was linked to U.S.-to-Europe airline bookings being 5%-8% below 2025 peaks and European travelers becoming more selective with discretionary spending. The CoreCard acquisition has fundamentally shifted the sales narrative for the Ren platform, enabling wins like Unibanca by providing a single strategic modernization partner for complex credit architectures. The epay segment is pivoting toward a 'direct-to-publisher' strategy in gaming to capture higher economics as app store billing frameworks evolve and publishers seek more distribution control. Full-year adjusted EPS growth guidance remains at 10%-15%, assuming digital growth continues to balance the quarterly mix and reduce historical seasonality. Management expects the second and third quarters to represent a smaller share of annual earnings compared to historical patterns as digital initiatives scale. The Rockstar Grand Theft Auto VI launch in November is expected to drive an extended engagement cycle of digital spending across pre-orders, subscriptions, and in-game purchases. Guidance assumes approximately $6 million in increased interest expense for the remainder of the year following the settlement of EUR 700 million bonds in May. Strategic investments in XE and small business payments are planned for the second half of 2026 to leverage the company's global payout network for higher-margin cross-border flows. Operating income was impacted by $4.7 million in non-cash purchase price amortization and $1.9 million in share-based compensation related to the CoreCard acquisition. Cross-border margins faced a difficult year-over-year comparison due to a non-recurring fee rebate in Pakistan and unique FX opportunities in the prior year. The company increased digital marketing spend by approximately $3 million during the quarter to support customer acquisition, with revenue benefits expected in future periods. Management noted that net migration in the U.S. was likely close to zero or negative for 2025, creating a structural headwind for the retail remittance worker pool. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management noted the 35% year-to-date growth is partly due to lapping the CoreCard acquisition and 'thoughtfully conservative' initial targets. The accelerators are growing faster than internal expectations, and the company remains 'pretty happy' with the current trajectory. Management observed slight improvement entering Q3, with market stats suggesting a more resilient second half of the tourism season in August. The FIFA World Cup was cited as a potential inflationary factor that may have diverted some travel from Europe to the U.S. in the early season. The Unibanca win is viewed as a critical reference point because they process for nine different banks, providing a scalable SaaS proof-of-concept in the region. Management believes the Latin American market is seeking alternatives to '40-year-old technology' previously forced upon them by U.S. providers.

Interested in Euronet Worldwide, Inc.? Here are five stocks we like better. Adjusted EPS rose 10% to $2.82 in Q2 2026, marking Euronet’s fifth consecutive quarter of double-digit adjusted earnings growth. Management maintained its full-year EPS growth outlook of 10% to 15%. Digital accelerators were the key growth driver, with revenue increasing 31% year over year and reaching 26% of year-to-date company revenue. Payments infrastructure and epay also benefited from CoreCard, merchant acquiring and expanded digital content distribution. Cross-border payments remained a major weakness: revenue fell 5% and operating income declined 35%, primarily due to lower U.S.-to-Mexico remittance volumes and tougher comparisons. Ria Digital provided an offset, with transactions up 33% and revenue up 35%. Euronet Worldwide (NASDAQ:EEFT) reported second-quarter 2026 adjusted earnings per share of $2.82, up 10% from a year earlier, as growth in its digital payment initiatives helped offset softer cross-border remittance activity and weaker-than-expected ATM transactions during the travel season. Chairman and CEO Mike Brown said the company recorded its fifth consecutive quarter of double-digit adjusted earnings growth. Revenue from Euronet’s “digital accelerators” rose 31% year over year in the second quarter and 35% year to date, exceeding the 23% long-term growth framework management outlined at its May investor day. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now “Digital accelerators” represented 26% of company revenue year to date, according to Brown. The category includes Ria Digital, payment issuing, merchant services and other digitally enabled payment channels. CFO Rick Weller said Euronet generated $1.1 billion in revenue, $137 million in operating income and $193 million in adjusted EBITDA during the quarter. The company produced about $80 million in free cash flow and repurchased approximately 705,000 shares for $50 million. → 3 Value ETFs to Consider as Growth Stocks Lag Behind Weller said operating income included $4.7 million in additional non-cash purchase-price amortization associated with the CoreCard acquisition and $1.9 million in additional non-cash share-based compensation. Excluding those items, operating income would have declined 9%, largely because of lower cross-border payments volume. The company ended the quarter with $1.2 billion in unrestricted cash and nearly $1 billion of cash deployed in its ATM network. Total debt was $2.7 billion. Euronet settled its €700 million bonds near the end of May, increasing second-quarter interest expense by about $1.3 million from the prior year. Weller said the refinancing is expected to add approximately $6 million in interest expense for the remainder of 2026 versus the prior year, based on current euro borrowing rates. → 5 AI Stocks Are Pulling Back—Which Growth Catalysts Still Look Strongest? Management reiterated its expectation for full-year adjusted EPS growth of 10% to 15%. Weller said quarterly earnings are expected to be more evenly distributed through the year as digital businesses become a larger component of the company’s mix. Euronet’s payments infrastructure segment benefited from merchant-acquiring expansion, higher interchange in certain markets and the contribution from CoreCard, which the company acquired in the fourth quarter of 2025. Segment operating income rose 2%, while adjusted EBITDA increased 6%. Excluding CoreCard-related purchase accounting amortization, operating income would have increased 7%, Weller said. Brown highlighted several commercial developments, including 4,200 new merchant additions during the quarter and a merchant-acquiring referral program in Greece following the previously announced acquisition of CrediaBank’s merchant-services business. The company also signed credit-card processing agreements with Upgrade, a U.S. digital banking platform, and Unibanca, a Peruvian financial processor serving nine banks. Brown said CoreCard was central to winning the Unibanca mandate, which will replace an incumbent processor and use CoreCard’s credit-issuing architecture alongside Euronet’s broader Ren payments platform. During the question-and-answer session, Brown said Euronet had expected CoreCard deals to take roughly 18 months to close after the acquisition, but the company has already signed five or six agreements and has additional opportunities in its pipeline. He described Latin America as a market using aging technology and said the Unibanca agreement could provide an important regional reference customer. In epay, revenue grew 4%, while operating income and adjusted EBITDA each increased about 5%. The results reflected growth in higher-value digital content and merchant acquiring. Transactions fell about 11% because of changes in low-value activity in Asia-Pacific, which Weller said had minimal impact on revenue and profit. Euronet completed the integration of Visa and Mastercard acquiring across more than 4,000 dm health and beauty stores in 14 European countries. The company is now the exclusive retail point-of-sale processor for Visa and Mastercard at dm stores across Europe, building on existing processing relationships for Alipay, PayPal, Apple Pay, Google Pay and girocard. The company also signed a direct distribution agreement with Capcom to distribute its content across Europe. In Japan, epay reached agreements with Yahoo and Rakuten to distribute Roblox and Riot products, while it launched Google Play, Xbox, Riot and PlayStation products on the Stanverse gaming platform in India. Brown said pre-orders for Grand Theft Auto VI opened in late June, driving an immediate increase in sales of PlayStation and Xbox gaming credits. He said Euronet was not forecasting results tied to a single game but views large releases as supporting extended digital spending through content, online play, subscriptions and in-game purchases. Cross-border payments revenue declined 5%, while operating income and adjusted EBITDA fell 35% and 32%, respectively. Management attributed the results primarily to lower U.S.-to-Mexico remittance volumes amid U.S. immigration enforcement, along with difficult comparisons to the prior year’s non-recurring Pakistan fee rebate and favorable foreign-exchange opportunities. Weller said about 60% of the segment’s operating-income and EBITDA declines were related to lower revenue and associated gross profit. About 25% reflected higher sales and marketing investments intended to support digital growth. Ria Digital remained a bright spot, with transactions rising 33% and revenue rising 35%. More than 90% of its transaction volume came from repeat customers, Brown said. Euronet increased digital marketing spending by roughly $3 million during the quarter to support customer acquisition, with Brown saying the revenue benefits from that spending may be more visible in subsequent quarters. The company added Mastercard Move and five other Dandelion partners during the quarter. The Mastercard Move service is expected to launch in the fourth quarter with volumes ramping through a phased rollout. Euronet also launched an agreement integrating Ria Money Transfer into Uber’s U.K. driver app, introduced instant payments in Colombia through BriQ, and added four Nigerian banking partners for wallet payouts. Management said it saw signs that remittance conditions and European travel demand improved somewhat entering the third quarter, though it characterized the outlook as cautious. Brown and Weller also said Euronet plans to increase focus on XE’s cross-border payment offering for individuals and small businesses during the second half of the year. Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide. In its EFT Network Services arm, Euronet operates one of the world's largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Euronet Worldwide Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Highlights reflecting key achievements supporting the Company’s strategy and digital goals: Revenue from the digital accelerators introduced at the Company’s Investor Day(1) increased 31% year over year and represented 26% of second quarter revenues, demonstrating the strong momentum of these strategic initiatives. Signed CoreCard agreement with Unibanca, a leading bank processor in Peru. Entered a direct-to-publisher distribution agreement with Capcom, a Tier-1 game publisher in Japan. Signed six new Dandelion digital partners, including Mastercard Move. Repurchased $50 million of common stock, representing approximately 705,000 shares, during the quarter, reflecting our disciplined approach to capital allocation. Adjusted earnings per share increased 10% year-over-year to $2.82, highlighting the Company’s ability to deliver profitable growth while continuing to invest in long-term strategic initiatives. (1) See the investor day presentation at http://ir.euronetworldwide.com. LEAWOOD, Kan., July 30, 2026 (GLOBE NEWSWIRE) -- Euronet (“Euronet” or the “Company”) (Nasdaq: EEFT), a global leader in payments processing and cross-border transactions, announced today second quarter 2026 financial results. Euronet reports the following consolidated results for the second quarter 2026 compared with the same period of 2025: Revenues of $1,108.4 million, a 3% increase from $1,074.3 million (2% increase on a constant currency1 basis). Operating income of $137.1 million, a 14% decrease from $158.6 million (14% decrease on a constant currency basis). Adjusted EBITDA2 of $192.8 million, a 6% decrease from $206.2 million (7% decrease on a constant currency basis). Net income attributable to Euronet of $77.4 million, or $1.71 diluted earnings per share, compared with $97.6 million, or $2.27 diluted earnings per share. Adjusted earnings per share3 of $2.82 increased 10% from $2.56 in the prior year. See the reconciliation of non-GAAP items in the attached financial schedules. “Our second quarter results demonstrate the resilience of Euronet's diversified global payments platform and our ability to consistently deliver profitable growth while investing for the future," said Michael J. Brown, Euronet's Chairman and Chief Executive Officer. "We generated 10% growth in adjusted earnings per share, reflecting the steady contribution from our Payments Infrastructure and epay businesses, despite a challenging macro backdrop. One of the most encouraging developments this quarter was the continued momentum of the digital accelerators we introduced at our Investor Day in May. Collectively, revenue from these initiatives increased 31% year-over-year and represented approximately 26% of our total revenue during the quarter, demonstrating that our investments in initiatives such as CoreCard, merchant acquiring, payment processing and digital money transfers are becoming meaningful growth drivers while further diversifying our business. Payments Infrastructure delivered another solid quarter, driven by continued growth in merchant acquiring and payment processing despite seeing some softness in European travel. epay generated another quarter of profitable growth while continuing to expand higher-value digital content and payment products. Cross-Border Payments growth faced pressure from U.S. immigration policy and favorable prior-year dynamics that did not repeat. However, our digital money transfer business and Dandelion platform continued to perform well, reinforcing our confidence in the business’s long-term growth opportunity. Looking ahead, we remain confident in our ability to deliver our full-year adjusted earnings per share growth outlook of 10% to 15%.” Segment and Other Results As unveiled at its Investor Day, the Company has changed the name of its EFT Processing Segment to Payments Infrastructure and the name of its Money Transfer Segment to Cross-Border Payments. The Company thinks these name changes more accurately reflect the products and services provided by these segments. The Payments Infrastructure Segment (formerly EFT Processing Segment) reports the following results for second quarter 2026 compared with the same period or date in 2025: Revenues of $377.1 million, an 11% increase from $338.5 million (10% increase on a constant currency basis). Operating income of $86.1 million, a 2% increase from $84.6 million (2% increase on a constant currency basis). Adjusted EBITDA of $117.9 million, a 7% increase from $110.6 million (6% increase on a constant currency basis). Total of 57,814 installed ATMs as of June 30, 2026, a 1% increase from 57,326. Total of 57,071 active ATMs as of June 30, 2026, a 1% increase from 56,760 as of June 30, 2025. The Payments Infrastructure (PI) Segment delivered constant currency revenue growth of 10% in the second quarter of 2026. Revenue growth was driven by continued growth in acquiring, Ren infrastructure sales and contributions from the CoreCard acquisition completed in the fourth quarter of 2025, tempered somewhat by softer European travel spend. Constant currency Adjusted EBITDA increased 6%, reflecting the incremental earnings contribution from the revenue drivers, supported by a consistent to improving operating expense profile. constant currency operating income grew 2%, largely due to an increase of approximately $4.7 million in non-cash purchase price amortization related to the CoreCard acquisition; absent this increase, constant currency operating income for the segment would have grown by 7%. Network expansion was modest, with installed ATMs increasing 1% to 57,814 and active ATMs up 1% to 57,071. The epay Segment reports the following results for the second quarter 2026 compared with the same period or date in 2025: Revenues of $294.0 million, a 5% increase from $280.1 million (4% increase on a constant currency basis). Operating income of $32.8 million, a 5% increase from $31.1 million (5% increase on a constant currency basis). Adjusted EBITDA of $34.4 million, a 5% increase from $32.8 million (5% increase on a constant currency basis). Transactions of 986 million, an 11% decrease from 1,107 million. POS terminals of approximately 739,000 as of June 30, 2026, a 2% increase from 721,000. Retailer locations of approximately 355,000 as of June 30, 2026, essentially unchanged from 354,000. The epay segment delivered another quarter of profitable growth, with constant currency revenue increasing 4%, operating income increasing 5% and adjusted EBITDA increasing 5%. The segment continued to deliver consistent underlying performance supported by higher-value digital content, prepaid and payment products, while continuing to expand its payment acceptance footprint with an increase in POS terminals and digital distribution. Transaction volumes declined primarily due to high volume low value transactions in India. The Cross-Border Payments Segment (formerly known as Money Transfer Segment) reports the following results for the second quarter 2026 compared with the same period or date in 2025: Revenues of $439.6 million, a 4% decrease from $457.9 million (5% decrease on a constant currency basis). Operating income of $43.3 million, a 34% decrease from $65.6 million (35% decrease on a constant currency basis). Adjusted EBITDA of $49.7 million, a 31% decrease from $71.6 million (32% decrease on a constant currency basis). Total transactions of 45.7 million, an 1% decrease from 46.1 million. Total digital transactions of 7.9 million, a 33% increase from 5.9 million. Network locations of approximately 651,000 as of June 30, 2026, a 3% increase from approximately 631,000. The Cross-Border Payments (CBP) segment reported a 5% decline in constant currency revenue, while operating income and Adjusted EBITDA declined 35% and 32%, respectively. Results were impacted by several factors, most notably a contraction in the overall U.S. outbound remittance market compared to the prior year. The market decline was driven by the changes in U.S. immigration policies that further pressured outbound remittance volumes. The second quarter results were also compared to a favorable second quarter 2025 where the Company benefitted from a non-recurring fee rebate in Pakistan and certain favorable foreign exchange related revenue opportunities that carried high margins and did not repeat this year. These headwinds were partially offset by continued strength in our digital business, with digital transactions increasing 33%, continued momentum in our Dandelion cross-border payments platform, and a 3% expansion of our global network. Corporate and Other reports $25.1 million of expense for the second quarter 2026 compared with $22.7 million for the second quarter 2025. The increase in corporate expenses was primarily driven by a $1.9 million increase in long-term share-based compensation, which equally impacted consolidated operating income. Balance Sheet and Financial PositionTotal cash, including ATM cash, unrestricted cash and cash equivalents and restricted cash, was $2,220.7 million as of June 30, 2026, compared to $1,713.8 million at December 31, 2025. Total indebtedness was $2,654.0 million, up from $2,021.8 million at year-end. During the quarter, the Company repaid approximately $700 million in senior notes at maturity using borrowings under its revolving credit facilities. Availability under the Company's revolving credit facilities was approximately $1.0 billion. Net debt increased by $125.3 million during the quarter, primarily driven by higher ATM cash balances in preparation for the peak ATM season, $50 million of share repurchases, and partially offset by cash generated from operations, changes in working capital balances. OutlookThe Company reiterates its 2026 adjusted EPS growth of 10% to 15% year-over-year, consistent with its 10- and 20-year compounded annualized growth rates. This outlook does not include any changes that may develop in foreign exchange rates, interest rates or other unforeseen factors. Non-GAAP MeasuresIn addition to the results presented in accordance with U.S. GAAP, the Company presents non-GAAP financial measures, such as constant currency financial measures, adjusted EBITDA, and adjusted earnings per share. These measures should be used in addition to, and not a substitute for, revenues, operating income, net income and earnings per share computed in accordance with U.S. GAAP. We believe that these non-GAAP measures provide useful information to investors regarding the Company's performance and overall results of operations. These non-GAAP measures are also an integral part of the Company's internal reporting and performance assessment for executives and senior management. The non-GAAP measures used by the Company may not be comparable to similarly titled non-GAAP measures used by other companies. The attached schedules provide a full reconciliation of these non-GAAP financial measures to their most directly comparable U.S. GAAP financial measure. The Company does not provide a reconciliation of its forward-looking non-GAAP measures to GAAP due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for GAAP and the related GAAP and non-GAAP reconciliation, including adjustments that would be necessary for foreign currency exchange rate fluctuations and other charges reflected in the Company's reconciliation of historic numbers, the amount of which, based on historical experience, could be significant. (1) Constant currency financial 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 changes in foreign currency exchange rates on the Company's results when compared to the prior period. (2) Adjusted EBITDA is defined as net income excluding, to the extent incurred in the period, interest expense, income tax expense, depreciation, amortization, share-based compensation and other non-operating or non-recurring items that are considered expenses or income under U.S. GAAP. Adjusted EBITDA represents a performance measure and is not intended to represent a liquidity measure. (3) Adjusted earnings per share is defined as diluted U.S. GAAP earnings per share excluding (1), to the extent incurred in the period, the tax-effected impacts of: a) foreign currency exchange gains or losses, b) share-based compensation, c) acquired intangible asset amortization, d) non-cash income tax expense, e) non-cash investment loss/gain, and (f) dilutive shares related to the Company's convertible notes. Adjusted earnings per share represents a performance measure and is not intended to represent a liquidity measure. Conference Call and Slide PresentationEuronet Worldwide will host an analyst conference call on July 30, 2026, at 9:00 a.m. Eastern Time to discuss these results. The call may also include discussion of Company developments on the Company's operations, forward-looking information, and other material information about business and financial matters. To listen to the call via telephone please register at Euronet Worldwide Second Quarter 2026 Earnings Call. The conference call and accompanying slide show presentation will be accessible via webcast by following the link posted on http://ir.euronetworldwide.com. Participants should register at least five minutes prior to the scheduled start time of the event. A slideshow will be included in the webcast. Investors may also access the Company's Investor Day presentation, which provides additional information regarding Euronet's long-term strategy, growth accelerators, and financial objectives, through the Investor Relations section of the Company's website at http://ir.euronetworldwide.com. A webcast replay will be available beginning approximately one hour after the event at http://ir.euronet worldwide.com and will remain available for one year. About Euronet Worldwide, Inc.Euronet (Nasdaq: EEFT) is a global leader in payment processing and cross-border transactions, operating for more than 30 years and now serving clients in 200+ countries and territories. We support financial institutions, merchants and global brands with technology-driven solutions, while enabling businesses and consumers to send, receive and spend money seamlessly worldwide. By operating one of the world’s largest independent electronic payment networks spanning merchant acquiring, transaction processing and point-of-sale infrastructure, Euronet enables real-time, digital and cross-border movement of money at global scale. In 2025, Euronet processed more than 20 billion transactions across its network. Headquartered in Leawood, Kansas USA, Euronet operates from 74 offices worldwide. For more information, visit www.euronet.com. 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 statements as a result of a number of factors, including: conditions in world financial markets and general economic conditions, including impacts from pandemics or other disease outbreaks; inflation; military conflicts in the Ukraine and the Middle East, and the related economic sanctions; our ability to successfully integrate any acquired operations; economic conditions in specific countries and regions; technological developments, including artificial intelligence affecting the market for our products and services; our ability to successfully introduce new products and services; foreign currency exchange rate fluctuations; the effects of any breach of our computer systems or those of our customers or vendors, including our financial processing networks or those of other third parties; interruptions in any of our systems or those of our vendors or other third parties; our ability to renew existing contracts at profitable rates; changes in fees payable for transactions performed for cards bearing international logos or over switching networks such as card transactions on ATMs; our ability to comply with increasingly stringent regulatory requirements, including anti-money laundering, anti-terrorism, anti-bribery, consumer and data protection and privacy; changes in laws and regulations affecting our business, including tax and immigration laws and any laws regulating payments, including dynamic currency conversion transactions and digital assets; changes in our relationships with, or in fees charged by, our business partners; competition; the outcome of claims and other loss contingencies affecting Euronet; the cost of borrowing (including fluctuations in interest rates), availability of credit and terms of and compliance with debt covenants; and renewal of sources of funding as they expire and the availability of replacement funding. These risks and other risks are described in the Company's filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings may be obtained via the SEC's Edgar website or by contacting the Company. Any forward-looking statements made in this release speak only as of the date of this release. Except as may be required by law, Euronet does not intend to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances. The Company regularly posts important information to the investor relations section of its website. . (1) Adjusted EBITDA is a non-GAAP measure that should be considered in addition to, and not a substitute for, net income computed in accordance with U.S. GAAP. (1) Intangible asset amortization of $9.6 million and $4.7 million are included in depreciation and amortization expense of $40.0 million and $33.8 million for the three months ended June 30, 2026 and June 30, 2025, respectively, in the consolidated statements of operations. (2) Share-based compensation of $15.7 million and $13.8 million are included in salaries and benefits expense of $193.3 million and $173.5 million for the three months ended June 30, 2026 and June 30, 2025, respectively, in the consolidated statements of operations. (3) Adjustment is the aggregate U.S. GAAP income tax effect on the preceding adjustments determined by applying the applicable statutory U.S. federal, state and/or foreign income tax rates. (4) Non-cash investment gain of $3.6 million is included in other income in the consolidated statement of operations for the three months ended June 30, 2026. Non-cash investment gain of $0.4 million is included in other income in the consolidated statement of operations for the three months ended June 30, 2025. (5) Adjustment is the non-cash GAAP tax impact recognized on certain items such as the utilization of certain material net deferred tax assets and amortization of indefinite-lived intangible assets. (6) Adjusted earnings and adjusted earnings per share are non-GAAP measures that should be considered in addition to, and not as a substitute for, net income and earnings per share computed in accordance with U.S. GAAP. CONTACT: Contact: Euronet Worldwide, Inc.                 Stephanie Taylor      +1-913-327-4200

Financial technology provider Euronet Worldwide (NASDAQ:EEFT) missed Wall Street’s revenue expectations in Q2 CY2026 as sales rose 3.2% year on year to $1.11 billion. Its non-GAAP profit of $2.82 per share was 4% below analysts’ consensus estimates. Is now the time to buy Euronet Worldwide? Find out in our full research report. Revenue: $1.11 billion vs analyst estimates of $1.14 billion (3.2% year-on-year growth, 2.9% miss) Pre-tax Profit: $124.3 million (11.2% margin) Adjusted EPS: $2.82 vs analyst expectations of $2.94 (4% miss) Market Capitalization: $3.19 billion “Our second quarter results demonstrate the resilience of Euronet's diversified global payments platform and our ability to consistently deliver profitable growth while investing for the future," said Michael J. Brown, Euronet's Chairman and Chief Executive Officer. Operating a global network of over 47,000 ATMs and 821,000 point-of-sale terminals across more than 60 countries, Euronet Worldwide (NASDAQ:EEFT) provides electronic payment solutions including ATM services, prepaid product processing, and international money transfer services. Reviewing a company’s long-term sales performance reveals insights into its quality. Any business can have short-term success, but a top-tier one grows for years. Luckily, Euronet Worldwide’s revenue grew at a decent 9.8% compounded annual growth rate over the last five years. Its growth was slightly above the average financials company and shows its offerings resonate with customers. Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Euronet Worldwide’s recent performance shows its demand has slowed as its annualized revenue growth of 7.2% over the last two years was below its five-year trend. We’re wary when companies in the sector see decelerations in revenue growth, as it could signal changing consumer tastes aided by low switching costs. This quarter, Euronet Worldwide’s revenue grew by 3.2% year on year to $1.11 billion, falling short of Wall Street’s estimates. ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE. We struggled to find many positives in these results. Its EBITDA missed and its revenue fell short of Wall Street’s estimates. Overall, this was a softer quarter. The stock traded down 8.8% to $76.27 immediately following the results. Euronet Worldwide’s earnings report left more to be desired. Let’s look forward to see if this quarter has created an opportunity to buy the stock. We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free.

Euronet Worldwide (EEFT) came out with quarterly earnings of $2.82 per share, missing the Zacks Consensus Estimate of $2.97 per share. This compares to earnings of $2.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.05%. A quarter ago, it was expected that this electronic payments and transactions processor would post earnings of $1.42 per share when it actually produced earnings of $1.58, delivering a surprise of +11.27%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Euronet Worldwide, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $1.11 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.42%. This compares to year-ago revenues of $1.07 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Euronet Worldwide shares have added about 9.9% since the beginning of the year versus the S&P 500's gain of 6.9%. While Euronet Worldwide has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Euronet Worldwide was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.91 on $1.24 billion in revenues for the coming quarter and $10.93 on $4.57 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, OppFi Inc. (OPFI), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10. This company is expected to post quarterly earnings of $0.48 per share in its upcoming report, which represents a year-over-year change of +6.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. OppFi Inc.'s revenues are expected to be $159.52 million, up 12% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Euronet Worldwide, Inc. (EEFT) : Free Stock Analysis Report OppFi Inc. (OPFI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research