•
Mar 31, 2024

Euronet Q1 2024 Earnings Report

Euronet achieved record-breaking adjusted EPS and exceeded analyst consensus expectations in Q1 2024.

Key Takeaways

Euronet Worldwide reported a strong first quarter in 2024, with revenues up 9% to $857.0 million and adjusted EPS up 47% to $1.28. The company's performance was driven by growth across all three segments and a focus on expanding its business in new and existing markets.

Revenues increased by 9% to $857.0 million compared to Q1 2023.

Operating income increased by 40% to $64.0 million compared to Q1 2023.

Adjusted EPS increased by 47% to $1.28 compared to Q1 2023.

Euronet reaffirms its 2024 adjusted EPS growth guidance range of 10% to 15%.

Total Revenue
$857M
Previous year: $787M
+8.9%
EPS
$1.28
Previous year: $0.87
+47.1%
Active ATMs
49.29K
Previous year: 47.43K
+3.9%
epay Transactions
953M
Previous year: 973M
-2.1%
Money Transfer Transactions
40.6M
Previous year: 37.6M
+8.0%
Gross Profit
$136M
Previous year: $296M
-54.0%
Cash and Equivalents
$1.24B
Previous year: $1.07B
+16.0%
Free Cash Flow
$6.2M
Previous year: -$15.3M
-140.5%
Total Assets
$5.69B
Previous year: $5.01B
+13.6%

Euronet

Euronet

Euronet Revenue by Segment

Forward Guidance

Euronet anticipates its 2024 adjusted EPS will grow 10-15% year-over-year, consistent with its 10 and 20 year compounded annualized growth rates.

Revenue & Expenses

Visualization of income flow from segment revenue to net income