Overview

• Payments processor's Q1 revenue rose 11% yr/yr, beating analyst expectations

• Adjusted EPS for Q1 increased 40% and beat analyst expectations

• Company repurchased $100 mln in stock during the quarter

Outlook

• Company reiterates 2026 adjusted EPS growth guidance of 10% to 15% year-over-year

• Outlook does not include potential changes in FX rates, interest rates or unforeseen factors

Result Drivers

• DIGITAL GROWTH - Ria Digital revenue and transactions grew 42% and 35% yr/yr, offsetting declines in traditional money transfer corridors, per CEO

• EFT SEGMENT DRIVERS - Growth in acquiring, REN infrastructure sales, and CoreCard acquisition contributed to EFT Processing segment revenue and adjusted EBITDA gains

• EPAY OPERATING INCOME - Operating income and adjusted EBITDA in epay segment benefited from the absence of a $4.5 mln one-time operating tax impact in prior year

Company press release: ID:nGNXbdxrCc

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Beat	$1.01 bln	$969.91 mln (9 Analysts)
Q1 Adjusted EPS	Beat	$1.58	$1.45 (9 Analysts)
Q1 Net Income		$37.50 mln
Q1 Adjusted EBITDA		$126.70 mln
Q1 Operating Income		$72 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the business support services peer group is "buy"

• Wall Street's median 12-month price target for Euronet Worldwide Inc is $90.00, about 18.9% above its April 28 closing price of $75.72

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

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