Euronet has reported 3% YoY revenue growth to $1.1bn in its Q2 2026 results, although operating income fell 14%, while adjusted EBITDA also declined 6%. With declines particularly apparent in the company’s newly named Cross-Border Payments segment (formerly Money Transfer) – operating income decreased 34% YoY and adjusted EBITDA 31% – we take a look into the latest results and Euronet’s progress towards its longer-term plans.
Euronet’s Cross-Border Payments segment (which includes remittance provider Ria, cross-border payments network Dandelion and foreign exchange service provider Xe) saw revenue fall 4% (or 5% on a constant currency basis) to $439.6m. CEO Michael Brown explained that was partly caused by the US outbound remittance market experiencing its first annual decline “in more than a decade”, in part due to US immigration enforcement primarily impacting US to Mexico volumes. This YoY decline was also impacted by a difficult comparison to Q2 2025, when the company saw “unusually high margins” from a non-recurring fee rebate in Pakistan.
These headwinds were partially offset by Ria Digital, which saw revenue climb 35% YoY, with the brand’s transactions increasing 33% in Q2. Brown also shared other key highlights for Euronet’s cross-border payment companies, including successfully integrating Ria Money Transfer with Uber, enabling Uber drivers to send funds to beneficiaries directly from the app. Dandelion also signed Mastercard Move as a new partner in Q2, in a move that enables the leading payment ecosystem to further expand its payout capabilities.
Cross-Border Payments remains the business segment making up the largest share of Euronet’s overall revenue, accounting for 40%. Payments Infrastructure (formerly EFT processing), containing the company’s ATM and PoS terminal network, increased its share to 34% – up 2% YoY – after revenues increased 11% to $377.1m. Euronet’s epay segment, made up of its prepaid and payment processing solutions, saw revenues rise 5% to reach $294m, accounting for 27% of overall revenue.
During Euronet’s latest investor day in May, the company outlined plans to expand the reach of its digital platforms – including Ria Digital, Xe and Dandelion – and grow the revenue generated by them by 9% by the end of 2028. In its Q2 earnings call, the company shared that these digital accelerators currently account for 26% of revenue – 5% more than year-end 2025.
During Q2, Euronet also increased digital market spend by around $3m to bolster future customer acquisition and make further progress towards its long-term digital goals.
