Foreign exchangemixed · 4 filings
“Revenues per transaction increased to $ 9.69 for the three months ended March 31, 2026 , compared to $ 9.37 for the same period in 2025 mainly due to foreign currency fluctuations.”10-Q · May 7, 2026 ↗
Euronet Worldwide, Inc.
EEFT
Market read
Euronet Worldwide, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
What changed
- Revenue increased 10.5% versus the comparable filing period.
- Operating margin fell 1.1 percentage points.
Company+0.3% todayVolume comparison unavailable
Market group0 of 17 activeNo Coherent Theme · unavailable
Disclosed network0 of 4 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- EEFT's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if EEFT's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 10.5% versus the comparable filing period.
Evidence that challenges
- Operating margin fell 1.1 percentage points.
- Operating cash flow covered only -3.25x net income.
What would clarify the read
- EEFT's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements115
Verified relationships4
Evidence supporting the case
- Latest annual revenue changed +6.4% year over year.
- Macroeconomic conditions has repeated favorable evidence across 3 filings.
Evidence challenging the case
- Credit and interest rates has repeated adverse evidence across 3 filings.
Questions before a position
- P/E is 61% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 79% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
70.756m-4.5%12m-22.5%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$3.0B+20.7%$1.32+1.7%
2022-12-31$3.4B+12.1%$4.41-0.1%
2023-12-31$3.7B+9.8%$5.50-3.5%
2024-12-31$4.0B+8.2%$6.45-6.8%
2025-12-31$4.2B+6.4%$6.84-4.8%
What management says matters
Persistent and emerging business drivers
Credit and interest ratesnegative · 3 filings
“This decrease for the three months ended March 31, 2026 compared to the same period in 2025 was largely driven by the shift of borrowing from the Credit Facility to the 2030 Convertible Notes during the first quarter of 2026.”10-Q · May 7, 2026 ↗
Input and raw-material costsmixed · 3 filings
“Direct costs were also impacted by overall cost inflation in products and services.”10-Q · May 7, 2026 ↗
Macroeconomic conditionspositive · 3 filings
“The increase in salaries and benefits was primarily driven by an increase in headcount to support the growth of the business and salary increases due to inflationary pressures.”10-Q · May 7, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.8× · EV/sales 0.8×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
70.75+0.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for EEFT. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-05-07 against the comparable filing from 2025-05-07.
OperationsmixedEvidence score 0
liquiditycautiousEvidence score -1
valuationdiscount
What improved
- Revenue increased 10.5% versus the comparable filing period.
What weakened
- Operating margin fell 1.1 percentage points.
- Operating cash flow covered only -3.25x net income.
Filing receipts
“The decline in gross margin was primarily driven by a shift in revenue mix resulting from card activation volumes for the Bilt credit card on the CoreCard processing platform during the first quarter of 2026, which generates higher revenue at relatively lower margins.”
“The increase in selling, general and administrative expenses was primarily driven by higher costs across all SG&A line items, with the most significant contributors being increased advertising and promotion spending and higher bad debt expense.”
“The increase in operating income and margin was primarily driven by improved gross margins resulting from a favorable shift in transaction mix, partially offset by increased salaries.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind EEFT
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
MAMastercard IncorporatedpartnerFeb 26, 2026 ▾
“In some markets, we have agreements with a financial institution under which we are designated as a service provider (which we refer to as "sponsorship agreements") for the acceptance of domestic cards and/or cards bearing international logos, such as Visa ®…”
WUThe Western Union CompanycompetitorFeb 26, 2026 ▾
“Our competition includes The Western Union Company, the leading competitor with revenue approximately two times greater than our Money Transfer Segment revenue.”
Depended on by
IMXIInternational Money Express, Inc.competitorMay 11, 2026 ▾
“We compete with larger companies, such as Western Union, MoneyGram, Remitly and Euronet, and a number of other smaller money services business (“MSB”) entities.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
EEFT is currently a Participant in the organic co-movement group No Coherent Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for EEFT; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.