- Euronet Worldwide (EEFT, Financial) reported a 7% year-over-year increase in Q1 2025 revenue, reaching $915.5 million.
- Operating income saw an 18% boost, totaling $75.2 million for the quarter.
- The Money Transfer segment expanded significantly, achieving a 21% growth in operating income.
Euronet Worldwide (NASDAQ: EEFT) announced robust financial results for the first quarter of 2025, underscored by a 7% increase in revenue to $915.5 million compared to the same period last year. The company's operating income rose by 18% to $75.2 million, reflecting a strong performance across its diverse operational segments.
The firm's net income climbed significantly by 46% year-over-year from $26.2 million to $38.4 million, translating to $0.85 in diluted earnings per share. Adjusted EBITDA reached $118.7 million, marking a 9% increase from the previous year. Adjusted earnings per share stood at $1.13, or $1.33 excluding a one-time tax charge.
Euronet's performance was bolstered by its global payment network, particularly focusing on high-value digital payments and cross-border transactions. All three core segments—EFT Processing, epay, and Money Transfer—demonstrated positive growth. The Money Transfer segment notably expanded its network to encompass 4.0 billion bank accounts and 624,000 payment locations, with a remarkable 21% growth in operating income, driven by a 31% increase in direct-to-consumer digital transactions.
The company reaffirmed its guidance for a 12-16% earnings growth for the entirety of 2025, underlining the strategic expansion of its global network. In the first quarter, Euronet engaged in share repurchases totaling $59.6 million, which is projected to enhance future earnings per share by approximately 1%.
Despite a tax charge impacting the epay segment resulting in a mere 1% growth in operating income, excluding this charge, adjusted operating income would have increased by a substantial 22% over Q1 2024.
Looking ahead, Euronet remains confident in its diversified business model and robust global network, positioning the company for continued success in the digital cross-border payments market.
