Euronet Worldwide’s results in Q4 reflected a challenging operating environment, with management citing continued macroeconomic stress and immigration policy uncertainty. These factors weighed most heavily on the Money Transfer and epay segments, while the EFT segment delivered solid growth and provided stability. CEO Michael J. Brown described the quarter as one of the “most challenging” in recent years, attributing headwinds to economic stress among lower-income consumers and shifts in U.S. immigration policy. Despite these pressures, the company emphasized resilience in its core businesses and ongoing execution of growth initiatives.
Is now the time to buy EEFT? Find out in our full research report (it’s free for active Edge members).
Euronet Worldwide (EEFT) Q4 CY2025 Highlights:
- Revenue: $1.11 billion vs analyst estimates of $1.11 billion (5.9% year-on-year growth, in line)
- Adjusted EPS: $2.39 vs analyst expectations of $2.46 (3% miss)
- Adjusted EBITDA: $174.3 million vs analyst estimates of $185.6 million (15.7% margin, 6.1% miss)
- Operating Margin: 9.1%, down from 11.7% in the same quarter last year
- Market Capitalization: $2.99 billion
While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.
Our Top 5 Analyst Questions From Euronet Worldwide’s Q4 Earnings Call
-
Michael John Grondahl (Northland): Asked if macro and immigration headwinds were easing. CEO Michael J. Brown noted “some positive trends in January” but remained cautious, stressing that the environment is still difficult and that trends need to be watched over time.
-
Cristopher David Kennedy (William Blair): Inquired about growth in merchant processing and prospects for free cash flow. CFO Rick L. Weller said merchant acquiring is split 80%/20% between EFT and epay, with organic growth leading. Weller expects free cash flow to improve in line with earnings.
-
Peter James Heckmann (D.A. Davidson): Sought details on CoreCard’s Q4 revenue and Credia acquisition economics. Weller provided a partial revenue figure for CoreCard and described Credia as a “few millions of dollars” deal, emphasizing its additive nature.
-
Rayna Kumar (Oppenheimer): Asked about expectations for CoreCard and potential impact from JPMorgan’s Apple Card relationship. Management said CoreCard should at least match its public figures, with upside possible, and that losing Apple Card is possible but not certain.
-
Vasundhara Govil (KBW): Requested detail on EFT revenue mix and how it will evolve. Management explained the shift from ATM dependence to higher-margin infrastructure and acquiring services, targeting a further reduction in ATM share over coming years and improving margin profile.
Catalysts in Upcoming Quarters
Looking ahead, our analysts will track (1) the rate of digital adoption and transaction growth in Money Transfer, (2) successful integration and expansion of CoreCard into new markets, and (3) continued momentum in merchant acquiring, particularly from recent acquisitions like Credia. We will also monitor for stabilization in macro and immigration headwinds and signs of margin improvement in the Money Transfer and EFT segments.
Euronet Worldwide currently trades at $71.18, up from $70.19 just before the earnings. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it’s free).
The Best Stocks for High-Quality Investors
If your portfolio success hinges on just 4 stocks, your wealth is built on fragile ground. You have a small window to secure high-quality assets before the market widens and these prices disappear.
Don’t wait for the next volatility shock. Check out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 244% over the last five years (as of June 30, 2025).
Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
