Highlights

  • Third quarter 2026 revenues were $1,161.1 million and net income attributable to Euronet was $113.6 million, or $2.53 diluted earnings per share.
  • Cross-Border Payments revenues were $431.0 million, a 5% decrease, and operating income was $37.3 million, a 37% decrease from $59.3 million.
  • Total indebtedness was $2,177.3 million, down from $2,654.0 million at June 30, 2026, and the company repurchased $50 million of common stock.
  • The company revised its 2026 outlook to approximately $4.375 billion of revenue and approximately $725 million of Adjusted EBITDA.

Euronet Worldwide (NASDAQ: EEFT) shares were trading at USD 59.53 on October 27, 2026, down 6.92%, with a relative volume at time of 7.80. The payments company signed a letter of intent with Diebold Nixdorf, repurchased $50 million of common stock in the third quarter, and on October 27 reported third quarter 2026 results and a revised 2026 outlook.

Euronet is incorporated in Delaware and is headquartered in Leawood, Kansas. The company describes itself as a payment processing and cross-border transactions provider that has operated for more than 30 years and serves clients in 200+ countries and territories. It reports three segments: Payments Infrastructure, formerly EFT Processing; epay; and Cross-Border Payments, formerly Money Transfer. Its network spans merchant acquiring, transaction processing and point-of-sale infrastructure. The company said it processed more than 20 billion transactions in 2025 and operates from 74 offices worldwide.

Third Quarter 2026 Results

Consolidated revenues were $1,161.1 million, a 1% increase from $1,145.7 million. Operating income was $171.6 million, a 12% decrease from $195.0 million. Net income attributable to Euronet was $113.6 million, or $2.53 per diluted share, compared with $122.0 million, or $2.75 per diluted share.

On a non-GAAP basis, Adjusted EBITDA was $226.1 million, an 8% decrease from $244.6 million. Adjusted operating income was $169.9 million, a 13% decrease from $195.0 million. Adjusted earnings per share were $3.55, compared with $3.62 in the prior year period.

Segment Results

Payments Infrastructure revenues were $437.9 million, a 7% increase from $409.4 million. Operating income was $128.2 million, compared with $128.1 million. The segment had 59,688 installed ATMs as of September 30, 2026. The company said the fourth quarter 2025 acquisition of CoreCard added to revenue growth, and that cost inflation affected operating income and Adjusted EBITDA.

epay revenues were $294.7 million, a 3% increase from $286.5 million. Operating income was $31.8 million, compared with $31.0 million. Transactions were 1,191 million, compared with 1,148 million. The company said revenue reflected demand for digital content, merchant acquiring and promotional campaigns.

Cross-Border Payments revenues were $431.0 million, a 5% decrease from $452.4 million. Operating income was $37.3 million, a 37% decrease from $59.3 million, and Adjusted EBITDA was $43.6 million, a 34% decrease from $65.9 million. Total transactions were 45.3 million, compared with 46.0 million, while digital transactions were 8.1 million, compared with 6.1 million. The company attributed the revenue decline to U.S. immigration policy and broader global economic uncertainty, and said it made approximately $6 million of incremental investment in digital initiatives.

Corporate and Other expense was $25.7 million, compared with $23.4 million in the third quarter of 2025.

Balance Sheet and Capital

Total cash, including ATM cash, unrestricted cash and cash equivalents and restricted cash, was $1,887.9 million as of September 30, 2026, compared with $2,220.7 million at June 30, 2026. Total indebtedness was $2,177.3 million, down from $2,654.0 million. Availability under revolving credit facilities was approximately $1.1 billion. The company repurchased $50 million of common stock, approximately 690,000 shares, during the quarter, and said it remains committed to reducing debt balances to maintain its investment-grade credit rating.

Outlook

Euronet revised the 2026 outlook it gave at its May Investor Day. It now expects approximately $4.375 billion of revenue, approximately $725 million of Adjusted EBITDA and adjusted earnings per share growth of approximately 10%. The company said the revision reflects immigration-related pressures in the Cross-Border Payments segment, broader economic pressures and foreign exchange conversion rate changes. On the call, management said a Steam decision to discontinue sales of physical gift cards at the end of October is expected to affect epay's fourth quarter.