Euronet Revenues Rise as Cross-Border Remittances Decline
Consolidated revenues increased 3% year-over-year to $1,108.4 million in the second quarter.
Euronet Worldwide (EEFT), the global electronic payments provider, saw consolidated revenues increase 3% year-over-year to $1,108.4 million in the second quarter of 2026. Despite the top-line growth, consolidated operating income decreased 14% year-over-year to $137.1 million from $158.6 million in the prior-year period.
Growth was led by the Payments Infrastructure segment, where revenue grew 11% year-over-year to $377.1 million. This performance was driven by acquiring, Ren infrastructure sales, and the CoreCard acquisition, though results were tempered by softer European travel spend. Adjusted EBITDA for the segment increased 7% year-over-year to $117.9 million.
Cross-Border Payments revenue decreased 4% year-over-year to $439.6 million. Operating income for the segment dropped 34% year-over-year to $43.3 million, due to U.S. immigration policy impacting outbound remittances and the absence of a non-recurring fee rebate in Pakistan from the previous year. Digital transactions within the segment increased 33% year-over-year to 7.9 million.
In the epay segment, revenue increased 5% year-over-year to $294.0 million. However, transaction volumes declined 11% year-over-year to 986 million, a trend driven primarily by high-volume low-value transactions in India.
Revenue from digital accelerators increased 31% year-over-year, accounting for 26% of total second quarter revenues. Adjusted EPS increased 10% year-over-year to $2.82 from $2.56 in the second quarter of 2025.
Total indebtedness rose to $2,654.0 million as of June 30, 2026, compared to $2,021.8 million at December 31, 2025. This increase followed the repayment of $700 million in senior notes at maturity using borrowings from the company's revolving credit facility.
Capital returns slowed in the second quarter, with the company repurchasing $50 million of common stock. This represents a decrease from the $100 million repurchased in the first quarter of 2026.