Euronet Worldwide, Inc. reported a consolidated revenue of $3.99 billion for the fiscal year ending December 31, 2024, marking an increase of 8.2% from $3.69 billion in 2023. The company's net income attributable to Euronet rose to $306 million, or $6.45 per diluted share, compared to $279.7 million, or $5.50 per diluted share, in the previous year. This growth in revenue and profitability was primarily driven by increased transaction volumes across all three of its business segments: Electronic Funds Transfer (EFT), epay, and Money Transfer.
The EFT Processing segment generated $1.16 billion in revenue, a 9.7% increase from $1.06 billion in 2023, attributed to a rise in active ATMs and higher transaction volumes. The epay segment also saw a revenue increase of 6.3%, reaching $1.15 billion, driven by the expansion of digital media and mobile sales. Meanwhile, the Money Transfer segment reported revenues of $1.69 billion, up 8.4% from $1.56 billion, with significant growth in U.S.-outbound transactions and international-originated money transfers.
Euronet's operational metrics reflected positive trends, with the number of transactions processed in the EFT segment increasing to 11.42 billion, a 34.8% rise from the previous year. The company operated 55,248 ATMs and approximately 1.16 million POS terminals as of December 31, 2024. The employee headcount also grew to approximately 10,600, up from 10,000 in 2023, indicating a strategic focus on expanding its workforce to support growth initiatives.
In terms of strategic developments, Euronet completed the acquisition of Infinitium Group for $70 million in early 2024, enhancing its payment authentication services. The company also initiated a new share repurchase program in September 2023, allowing for the repurchase of up to $350 million in common stock through September 2025. Euronet's management expressed optimism about future growth, citing plans to expand its market presence and product offerings while navigating the evolving regulatory landscape in the financial technology sector.
About EURONET WORLDWIDE, INC.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.