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Jun 30, 2024

Euronet Q2 2024 Earnings Report

Euronet's Q2 2024 financial results were reported, with revenue increasing by 5% and adjusted EPS increasing by 11%.

Key Takeaways

Euronet Worldwide reported a 5% increase in revenue to $986.2 million and an 11% increase in adjusted EPS to $2.25 for the second quarter of 2024. The company's performance was driven by growth across all three segments and continued investment in its technology.

Revenues increased by 5% to $986.2 million.

Operating income increased by 10% to $134.3 million.

Adjusted earnings per share increased by 11% to $2.25.

The company remains confident in its previously announced expectations that its 2024 adjusted EPS will grow 10-15% year-over-year.

Total Revenue
$986M
Previous year: $939M
+5.0%
EPS
$2.25
Previous year: $2.03
+10.8%
Active ATMs
54.01K
Previous year: 51.4K
+5.1%
epay Transactions
1.11B
Previous year: 984M
+12.8%
Money Transfer Txns
44.3M
Previous year: 41.1M
+7.8%
Gross Profit
$214M
Previous year: $381M
-43.9%
Cash and Equivalents
$1.27B
Previous year: $1.14B
+11.7%
Free Cash Flow
$149M
Previous year: $194M
-23.1%
Total Assets
$6.06B
Previous year: $5.22B
+16.1%

Euronet

Euronet

Euronet Revenue by Segment

Forward Guidance

The Company remains confident in its previously announced expectations that 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