Sustained Double-Digit EPS Growth
Delivered adjusted EPS of $9.61 for the full year (FY2025) and $2.39 in the fourth quarter, representing the fifth consecutive year of double-digit adjusted EPS growth; company targets adjusted EPS growth of 10% to 15% for 2026.
Solid Full-Year Financials
Full-year revenue of $4.2 billion, adjusted operating income of $550 million, and adjusted EBITDA of $743 million; consolidated operating margins expanded ~30 basis points year over year.
EFT Segment Strength and Margin Expansion
EFT Q4 revenue grew 8% year over year, adjusted operating income increased 12%, and adjusted EBITDA grew 13%; EFT operating margin sits just north of ~20% with infrastructure/issuing products targeted to lift margins further.
Merchant Acquiring Momentum
Merchant acquiring businesses delivered robust growth (Greek Money Merchant Services adjusted EBITDA up 32% YoY); combined merchant acquiring EBITDA across epay and EFT is roughly $90M and Credia tuck-in will add ~20,000 merchants (~10% increase to acquiring portfolio).
Digital Growth in Money Transfer (Ria) and Network Scale
Ria digital has historically delivered ~30% growth; in Q4 the global digital channel delivered 31% transaction growth and 33% revenue growth (including 33% new customer acquisitions in December); company network now reaches ~4.1 billion bank accounts, ~3.7 billion wallets, and ~4.0 billion cards across 200 countries.
epay Digital & Merchant Processing Gains
epay expanded digital distribution (Revolut now in 20 countries), broadened merchant relationships (Lidl in Italy & France), and grew merchant payments processing revenue +21% for the full year; gaming-branded payments remain a large profitable component (37% of branded payments margin).
Strategic Acquisitions & Early Wins (CoreCard, Kyodai, Credia)
Completed CoreCard acquisition (partial-quarter contribution of ~$10–$12M in Q4), acquired Kyodai in Money Transfer, and announced Credia merchant acquiring tuck-in—management cites early customer momentum and pipeline expansion for CoreCard and expects CoreCard to drive international issuance/processing growth.
Capital Allocation & Shareholder Returns
Returned ~$388 million to shareholders via share repurchases in 2025 (excluding 2.6M shares repurchased for CoreCard consideration); ended quarter with $1.0 billion unrestricted cash and a focus on maintaining investment-grade leverage.