Euronet Revenue Rises 11% to $1.01B; Adjusted EPS Climbs 40%
Euronet posted first quarter 2026 revenues of $1,011.8 million, an 11% increase year-over-year, and adjusted EPS climbed 40% to $1.58. Digital Money Transfer revenue rose 42%, the company added 2,300 merchants, launched stablecoin payouts and repurchased $100 million of common stock.
1. Overall First Quarter Results
Euronet reported first quarter 2026 revenues of $1,011.8 million, up 11% year-over-year (4% on a constant currency basis), with operating income of $72.0 million and adjusted EBITDA of $126.7 million. Net income attributable to Euronet was $37.5 million, or $0.83 diluted EPS, and adjusted EPS rose 40% to $1.58.
2. Segment Highlights
The EFT Processing segment delivered revenues of $295.4 million, a 27% increase, and adjusted EBITDA up 16%, driven by REN platform sales and the CoreCard acquisition. The epay segment generated $293.5 million in revenues (10% growth) and a 19% EBITDA gain, while the Money Transfer segment posted $425.2 million (2% growth) with digital transactions up 35%.
3. Growth Initiatives and Shareholder Return
Euronet expanded Money Transfer digital revenue by 42%, onboarded 2,300 new merchants, launched stablecoin payout options, migrated 628,000 Bilt cards to its CoreCard platform and signed three new REN infrastructure agreements. The company also repurchased $100 million of common stock, reinforcing its capital return strategy.