Euronet Worldwide, Inc. Q3 2026 Earnings Recap

Euronet shares fell 7.7% after the company cut its 2026 outlook, citing more persistent immigration-related pressure on cross-border payments and broader macro uncertainty. The sharpest operating deterioration was in that segment: operating income fell 35% and adjusted EBITDA 32%.

Key Takeaways

• Management now expects 2026 revenue of approximately $4.375 billion, adjusted EBITDA of $725 million, and adjusted EPS growth of approximately 10%; it said the headwinds have lasted longer than anticipated.
• Q3 revenue was $1.2 billion and adjusted EPS was $3.55, down 2% year over year.
• Cross-border payments revenue declined 4%; operating income fell 35% and adjusted EBITDA fell 32%, with immigration-related corridor pressure and about $6 million of incremental advertising spend weighing on profitability.
• Payments infrastructure revenue grew 9%, while adjusted operating income was flat; excluding a $4.7 million increase in CoreCard purchase price amortization, adjusted operating income would have grown 4%.
• Epay revenue and operating income each grew 5%. Digital accelerator revenue grew 30% in the quarter, and Euronet repurchased approximately 690,000 shares for $50 million.