Euronet Worldwide Reports Strong 2024 Financial Performance

Euronet Worldwide ( (EEFT) ) has released its Q4 earnings. Here is a breakdown of the information Euronet Worldwide presented to its investors.

Euronet Worldwide is a global leader in payments processing and cross-border transactions, offering services like money transfers, credit/debit processing, ATMs, and point-of-sale services across more than 200 countries and territories.

Euronet Worldwide reported record results for both the fourth quarter and full year of 2024, with significant growth across key financial metrics, reflecting strong performance in all business segments.

In the fourth quarter of 2024, Euronet’s revenues increased by 9% to $1,047.3 million, and operating income rose by 26% compared to the same period in the previous year. The company also reported a 10% increase in adjusted earnings per share to $2.08. For the full year, revenues grew by 8%, and net income attributable to Euronet reached $306 million, marking a 15% increase in adjusted earnings per share. The EFT Processing Segment showed impressive growth, with a 35% increase in transactions and significant revenue and operating income growth. The epay and Money Transfer segments also reported solid performances, with increases in revenues and transactions.

The strong performance was driven by international travel, expansion into new markets, and growth in digital transactions, particularly in the Money Transfer segment, which saw a 33% rise in digital transactions during the fourth quarter. Euronet’s strategic initiatives, including fee increase opportunities and cost management, contributed to its robust financial results.

Looking ahead, Euronet Worldwide anticipates continued growth in 2025, projecting adjusted earnings per share to increase by 12% to 16% year-over-year, consistent with its long-term growth rates. This outlook reflects the company’s confidence in its strategic direction and ability to navigate global economic conditions.