Euronet Worldwide(US:EEFT)2025-10-23 11:12Financial Performance - Euronet reported Q3 2025 revenues of $1,145.7 million, a 4% increase from $1,099.3 million in Q3 2024[6] - Adjusted earnings per share for Q3 2025 grew by 19% to $3.62, compared to $3.03 in Q3 2024[6] - Operating income for Q3 2025 was $195.0 million, up from $182.2 million in Q3 2024, reflecting a growth of 7.7%[36] - Net income attributable to Euronet Worldwide, Inc. for Q3 2025 was $122.0 million, compared to $151.5 million in Q3 2024, indicating a decrease of 19.5%[40] - The company reported total operating expenses of $950.7 million for Q3 2025, compared to $917.1 million in Q3 2024, reflecting an increase of 3.6%[35] - Adjusted earnings and adjusted earnings per share are non-GAAP measures that should be considered alongside net income and earnings per share as per U.S. GAAP[45] Segment Performance - The EFT Processing Segment achieved a revenue increase of 10% to $409.4 million, with operating income rising by 9% to $128.1 million[7] - The Money Transfer Segment's revenue growth reflects digital transformation and strategic partnerships, maintaining strong momentum despite economic pressures[10] - Euronet's digital transactions grew by 32% to 6.05 million, reflecting increased customer engagement and service adoption[18] Financial Position - Total assets as of September 30, 2025, were $6,275.4 million, up from $5,834.5 million as of December 31, 2024, marking an increase of 7.6%[33] - Total liabilities increased to $4,996.8 million as of September 30, 2025, compared to $4,605.3 million at the end of 2024, a rise of 8.5%[33] - Cash and cash equivalents decreased to $1,172.5 million as of September 30, 2025, from $1,278.8 million at the end of 2024, a decline of 8.3%[33] - Unrestricted cash and cash equivalents decreased to $1,172.5 million as of September 30, 2025, from $1,329.3 million as of June 30, 2025[12] Shareholder Information - Euronet's diluted weighted average shares outstanding decreased to 44,809,457 in Q3 2025 from 47,554,606 in Q3 2024, a reduction of 5.8%[36] - Share-based compensation amounted to $14.8 million for Q3 2025, compared to $10.6 million in Q3 2024, included in salaries and benefits expense of $187.4 million and $169.6 million respectively[43] Strategic Initiatives - Euronet completed a $1 billion convertible debt offering to enhance financial flexibility and repay outstanding borrowings[6][13] - The company signed a strategic agreement with Fireblocks to support stablecoin technology, enhancing its global payment infrastructure[6] - The company anticipates adjusted EPS growth of 12% to 16% year-over-year for 2025, consistent with long-term growth rates[15] Foreign Exchange Impact - The company experienced a foreign currency exchange loss of $0.1 million in Q3 2025, compared to a gain of $27.4 million in Q3 2024[42] - Non-cash impairment of $1.8 million was recorded in other expenses, impacting net loss attributable to noncontrolling interest[44]