Euronet Worldwide (EEFT) investor relations material

Executive summary

• Q3 revenue rose 1% reported and 3% constant currency, while operating income, adjusted EBITDA and adjusted EPS declined YoY amid Cross-Border Payments pressure.

• Digital accelerators grew 30% in Q3 and 33% YTD, reaching 26% of YTD revenue.

• Management expects full-year revenue and earnings growth, but described conditions as fragile and anticipated only subtle near-term improvement.

Financial highlights

• Revenue was $1,161.1M, up 1% reported and 3% constant currency; operating income was $171.6M, down 12% reported and 10% constant currency.

• Adjusted operating income was $169.9M, down 13% reported and 11% constant currency; adjusted EBITDA was $226.1M, down 8% reported and 6% constant currency.

• Adjusted EPS was $3.55, down 2% YoY; net income attributable was $113.6M versus $122.0M, and diluted EPS was $2.53 versus $2.75.

• Cash generated from operations was $139M; unrestricted cash was $955.4M and total debt was $2,177.3M at quarter-end.

Outlook and guidance

• Revised FY 2026 outlook: revenue of $4.375B, adjusted EBITDA of $725M and adjusted EPS growth of ~10%.

• Guidance reflects immigration-related Cross-Border pressure, broader economic pressures and FX conversion changes.

• Q4 outlook assumes no further deterioration and some subtle improvement; management characterized conditions as delicate.

• For 2027, management viewed the 10%–15% framework as possible but expected results toward the lower end amid uncertainty.

• Steam’s physical gift-card exit is an epay Q4 headwind; other gaming products are expected to ramp gradually and offset the gap over time.