Loading financials from SEC filings…
Credit services · Financial Services · Fiscal year ends Dec 31
Euronet Worldwide reported revenue of $4.2B in the fiscal year ended Dec 2025, up 6.4% from the year before. Operating income was $530M, an operating margin of 12.5%, and net income was $310M. Operating cash flow of $560M less capital expenditure of $126M left free cash flow of $434M. Net debt was $981M.
Ranks among the 35 credit services companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 2,996 | 3,359 | 3,688 | 3,990 | 4,244 |
| Selling, general & admin | 252 | 285 | 297 | 315 | 372 |
| Operating income | 184 | 385 | 433 | 503 | 530 |
| Interest expense | 38.3 | 37.5 | 55.6 | 80.5 | 84.5 |
| Pre-tax income | 136 | 323 | 400 | 449 | 448 |
| Income tax | 65.1 | 91.9 | 121 | 143 | 135 |
| Net income | 70.7 | 231 | 280 | 306 | 310 |
| Diluted EPS | 1.32 | 4.41 | 5.50 | 6.45 | 6.84 |
| Diluted shares | 53.5 | 53.5 | 51.6 | 48.1 | 45.8 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 1,261 | 1,131 | 1,254 | 1,279 | 1,040 |
| Receivables | 203 | 271 | 371 | 285 | 335 |
| Current assets | 3,308 | 3,727 | 4,163 | 4,037 | 4,270 |
| Net PP&E | 345 | 337 | 332 | 330 | 375 |
| Goodwill | 642 | 828 | 848 | 859 | 1,042 |
| Total assets | 4,744 | 5,404 | 5,894 | 5,835 | 6,489 |
| Payables | 194 | 222 | 241 | 224 | 269 |
| Deferred revenue | 77.0 | 65.4 | 56.7 | 56.4 | 60.0 |
| Current liabilities | 1,853 | 2,354 | 2,701 | 3,226 | 3,855 |
| Short-term debt | 0.8 | 0.1 | 813 | 813 | 983 |
| Long-term debt | 1,420 | 1,609 | 1,715 | 1,134 | 1,038 |
| Total liabilities | 3,489 | 4,159 | 4,645 | 4,605 | 5,166 |
| Shareholders' equity | 1,255 | 1,245 | 1,250 | 1,229 | 1,308 |
| Backlog (remaining obligations) | – | 41.6 | 39.6 | 38.5 | – |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 406 | 748 | 643 | 733 | 560 |
| Capital expenditure | 92.2 | 104 | 94.4 | 117 | 126 |
| Free cash flow | 314 | 644 | 549 | 616 | 434 |
| Depreciation & amortisation | 136 | 136 | 133 | 132 | 139 |
| Stock-based compensation | 36.5 | 44.1 | 53.7 | 43.9 | 55.1 |
| Acquisitions | – | 343 | 1.3 | 91.6 | −24.0 |
| Share buybacks | 230 | 176 | – | – | – |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 12.1% | 9.8% | 8.2% | 6.4% |
| Operating income growth (YoY) | – | 109.5% | 12.2% | 16.3% | 5.3% |
| EPS growth (YoY) | – | 234.1% | 24.7% | 17.3% | 6.0% |
| Operating margin | 6.1% | 11.5% | 11.7% | 12.6% | 12.5% |
| Net margin | 2.4% | 6.9% | 7.6% | 7.7% | 7.3% |
| Return on equityBlank when equity is negative | 5.6% | 18.6% | 22.4% | 24.9% | 23.7% |
| ROCEEBIT ÷ (assets − current liabilities) | 6.4% | 12.6% | 13.5% | 19.3% | 20.1% |
| Free cash flow margin | 10.5% | 19.2% | 14.9% | 15.4% | 10.2% |
| Cash conversion (CFO ÷ net income) | 5.75x | 3.24x | 2.30x | 2.39x | 1.81x |
| Receivable days | 25 | 29 | 37 | 26 | 29 |
| Interest cover | 4.80x | 10.3x | 7.78x | 6.25x | 6.27x |
| Debt ÷ equity | 1.13x | 1.29x | 2.02x | 1.58x | 1.55x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 160 | 478 | 1,274 | 668 | 981 |
| Current ratio | 1.79x | 1.58x | 1.54x | 1.25x | 1.11x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.