At a glance
Euronet Worldwide Inc is worth $2.29B, about 9 times its fiscal 2025 earnings. Revenue grew 6.4% to $4.24B in fiscal 2025, with 7.3% kept as profit; over 5 years it has grown 11.3% a year. It pays no dividend; it spent $1.72B buying back its shares over FY2021–FY2025. The stock returned −23.0% over the past year with dividends reinvested and −11.7% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 52.4% in the 2020 crash (S&P 500: 33.7%) and 49.5% in the 2022 bear market (S&P 500: 24.5%).
The business in plain English
Euronet Worldwide runs networks that move money for banks, retailers, payment companies and consumers. It reports three segments. The largest, Money Transfer, produced about 42% of its $4.24 billion in revenue in fiscal 2025 (the year ended December 31, 2025). It includes Ria, one of the world's largest remittance companies (handling money migrants send home), the Xe currency website and app, and Dandelion, a cross-border payments network that outside banks and financial technology firms also use. The segment reaches 207 countries and territories.
The Electronic Funds Transfer (EFT) segment, about 30% of revenue, ran 56,818 ATMs and processed transactions for about 610,000 card terminals as of December 31, 2025. It earns monthly fees from banks that hand their ATMs over to Euronet to manage. It also earns per-transaction fees, surcharges, and margins when foreign cardholders choose to be charged in their home currency. The epay segment, about 28% of revenue, distributes prepaid mobile phone credit, gift vouchers and other digital content from 1,000+ brands. It does this through roughly 749,000 retail terminals in 60+ countries.
By region, the United States supplied about 23% of revenue in fiscal 2025 and Asia Pacific about 12%. Spain, Greece, France and Italy each supplied 5% to 7%. Euronet acquired a 60% stake in Japan's Kyodai Remittance on May 31, 2025, and the card processor CoreCard on October 30, 2025.
Price history
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EEFT -23.0% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By business segment
| Money Transfer Segment | $1.78B | 42% |
| EFT Processing | $1.28B | 30.2% |
| epay | $1.19B | 28% |
By geography
| North America | $1.07B | 25.1% |
| United States | $993.5M | 23.4% |
| Asia Pacific | $517.6M | 12.2% |
| Spain | $290.6M | 6.8% |
| GREECE | $261.8M | 6.2% |
| FRANCE | $228.8M | 5.4% |
| Italy | $214.6M | 5.1% |
| India | $203.3M | 4.8% |
| United Kingdom | $173.3M | 4.1% |
| Other | $155.3M | 3.7% |
| POLAND | $139.3M | 3.3% |
Latest results
- In Q2 FY2026 (ended Jun 30, 2026), revenue was $1.11B, up 3.2% from a year earlier, and net income was $77.4M (-20.7%).
- For fiscal 2025, revenue was $4.24B (+6.4% year over year; +11.3% a year from FY2020 to FY2025) with a 7.3% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +11.3% good |
|---|---|
| Operating margin | 12.5% watch |
| Free cash flow margin | 10.2% good |
| Return on equity (FY2025) | 23.7% good |
| Return on assets (FY2025) | 4.8% watch |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $2.48B | $-3.4M | $155.9M |
| FY2021 | $3.00B | $70.7M | $314.1M |
| FY2022 | $3.36B | $231.0M | $644.0M |
| FY2023 | $3.69B | $279.7M | $548.7M |
| FY2024 | $3.99B | $306.0M | $615.6M |
| FY2025 | $4.24B | $309.5M | $434.3M |
Valuation snapshot
| Market value | $2.29B |
|---|---|
| P/E ratio | 8.9 |
| Dividend yield | None |
Rank among 1514 US companies
Market value at each year end
Euronet Worldwide’s market value went from $3.78B at the end of 2016 to $2.29B on Oct 28, 2026, down 40%; since the end of 2025 it is down 29%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $2.29B | -28.5% |
| 2025 | $3.20B | -29.2% |
| 2024 | $4.52B | -3.5% |
| 2023 | $4.68B | +0.0% |
| 2022 | $4.68B | -25.7% |
| 2021 | $6.30B | -16.9% |
| 2020 | $7.58B | -10.9% |
| 2019 | $8.51B | +61.3% |
| 2018 | $5.28B | +18.9% |
| 2017 | $4.44B | +17.4% |
| 2016 | $3.78B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| EEFT price data to Oct 28, 2026 | -19.7% | -23.0% | -7.6% | -11.7% | -2.6% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -19.7% |
| 2025 | -26.0% |
| 2024 | +1.3% |
| 2023 | +7.5% |
| 2022 | -20.8% |
| 2021 | -17.8% |
| 2020 | -8.0% |
| 2019 | +53.9% |
| 2018 | +21.5% |
| 2017 | +16.4% |
| 2016 | 0.0% |
| 2015 | +31.9% |
| 2014 | +14.7% |
| 2013 | +102.8% |
| 2012 | +27.7% |
| 2011 | +6.0% |
| 2010 | -20.6% |
| 2009 | +89.1% |
| 2008 | -61.3% |
| 2007 | +1.0% |
| 2006 | +6.8% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 70.5% over that stretch · deepest drop along the way 77.6%, back to its old high 55.5 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 48.7% over that stretch · deepest drop along the way 52.4%, back to its old high 9 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 39.3% over that stretch · deepest drop along the way 49.5%, not recovered by the end of the data |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (21 read): 2 open-market purchases ($256K) and 1 sales ($25K).
| Date | Insider | Type | Value |
|---|---|---|---|
| May 26, 2026 | Thomas A Mcdonnell Director | buy | $201K |
| Aug 7, 2026 | Thomas A Mcdonnell Director | buy | $55K |
| May 7, 2026 | Adam Godderz See FN1 below | sell | $25K |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 8.2% | Mar 31, 2025 |
| Bank of Montreal | 5.81% | Jun 30, 2026 |
| Vanguard Capital Management | 4.9% | Jun 30, 2026 |
| Allspring Global Investments Holdings, LLC | 1% | Dec 31, 2025 |
ETFs with the most weight in EEFT
| LSAT Leadershares Alphafactor Tactical Focused ETF | 3.18% |
| IPAY Amplify Mobile Payments ETF | 2.51% |
| SOVF Sovereign's Capital Flourish Fund | 2.39% |
| BOUT Innovator IBD Breakout Opportunities ETF | 1.43% |
| FSGS First Trust SMID Growth Strength ETF | 1.13% |
| FSCS First Trust SMID Capital Strength ETF | 1.07% |
| XMVM Invesco S&P MidCap Value with Momentum ETF | 0.94% |
| BUYO KraneShares Man Buyout Beta Index ETF | 0.91% |
What could go wrong
- Tighter immigration rules could shrink remittances. Money Transfer, about 42% of revenue in fiscal 2025, relies on migrants sending money home. Stricter immigration policies or enforcement could cut the number of senders or how much they send.
- Short epay contracts may not renew. epay, about 28% of revenue, typically signs short-term contracts with content providers and retailers. Those partners may walk away or renew only on less favorable terms, which could reduce revenue and profit.
- Banks could end ATM and card deals. The EFT segment depends on card acceptance and ATM management agreements with banks and card organizations, usually lasting three to seven years. Growing competition raises the risk they end or are not renewed.
- Changes in how people pay. New payment methods could reduce use of Euronet's networks. EFT transactions grew about 37% a year from 2021 to 2025, but mostly from low-value digital payments in Asia Pacific that earn less per transaction.
- Emerging markets, currencies and conflicts. Euronet operates in emerging markets from Eastern Europe to Africa and South America. Unrest, conflicts such as those in Ukraine and the Middle East, currency swings and limits on moving profits home could hurt results.
- Licensing, anti-money-laundering and pricing rules. Money transfers need licenses from U.S. states, the federal government and foreign regulators. Losing a license, breaking anti-money-laundering or sanctions rules, or new pricing limits from regulators or Visa and Mastercard could hurt results.
Recent events
- Quarterly results released
- Quarterly results released
- Shareholder vote results
- Investor presentation or announcement
- Quarterly results released
- Executive or board change; Other company announcement
- Quarterly results released
For income and retirement investors
Euronet paid no dividends from fiscal 2021 through 2025. An income investor would get no cash payouts and would have to trim the position to draw income. The company returns cash through buybacks instead. It spent about $1.72 billion over those five years, including $667.7 million in fiscal 2025. That was well above the year's $434.3 million of free cash flow (cash left after running and investing in the business). The share count fell about 29% between August 4, 2021, and July 30, 2026.
The stock has fallen hard in downturns. It dropped 77.6% in the 2008 financial crisis and did not recover until July 2013. It fell 52.4% in the 2020 COVID crash but recovered within about nine months. In the 2022 bear market it fell 49.5%, and it had not regained its earlier peak as of October 28, 2026. A single stock like this carries more risk than a diversified fund.
Questions investors ask
How does Euronet Worldwide make money?
Euronet earns fees as money moves through its networks. In fiscal 2025, about 42% of its $4.24 billion in revenue came from money transfers through Ria, Xe and Dandelion. About 30% came from the Electronic Funds Transfer (EFT) segment, which ran 56,818 ATMs as of December 31, 2025, and processes card payments for banks. About 28% came from epay, which distributes mobile phone top-ups and digital content from 1,000+ brands in retail stores. Fees include per-transaction charges, monthly management fees from banks and currency-conversion margins.
Does Euronet Worldwide pay a dividend?
No. Euronet paid no dividends from fiscal 2021 through fiscal 2025, so it has no record of dividend increases. Instead, it returns cash by repurchasing its own shares, spending about $1.72 billion on buybacks over those five years. That helped shrink the share count about 29% between August 4, 2021, and July 30, 2026. Buybacks can raise earnings per share, but they pay holders no cash, so the stock provides no regular income.
Who owns Ria Money Transfer?
Euronet Worldwide owns Ria Money Transfer. Ria is one of the world's largest consumer remittance companies, handling money migrants send home, with a focus on emerging markets. It sends money through a global network of cash locations and online. It sits in Euronet's Money Transfer segment with Xe, a currency information and money transfer website and app, and Dandelion, a real-time cross-border payments network that also serves outside banks, financial technology firms and big tech platforms. The segment produced about 42% of Euronet's revenue in fiscal 2025.
What is EEFT's P/E ratio?
About 8.9 as of October 28, 2026, based on fiscal 2025 earnings of $6.84 per share. The price-to-earnings (P/E) ratio divides the share price by a year's profit per share. A low figure can mean the shares are cheap, or that investors doubt future profits. The market value was about $2.29 billion. Worth weighing: the share price fell about 23% in the year to that date, and net income in the quarter ended June 30, 2026, was 20.7% lower than a year earlier.
How much debt does Euronet have?
About $2.68 billion of total debt as of June 30, 2026, against about $1.20 billion of cash and investments. That leaves net debt (debt minus cash) of roughly $1.49 billion. Shareholders' equity was about $1.23 billion. In its annual report, the company says it does not expect the cost of servicing its debt to hurt the business. It warns that the risk could rise if it borrows more, and that it may be required to repay its credit facility early.