EURONET WORLDWIDE, INC. Files 2023 Annual Report (10-K)

TL;DR

<b>Euronet Worldwide, Inc. has filed its 2023 Annual Report on Form 10-K.</b>

AI Summary

EURONET WORLDWIDE, INC. (EEFT) filed a Annual Report (10-K) with the SEC on February 22, 2024. Euronet Worldwide, Inc. filed its 2023 Annual Report on Form 10-K on February 22, 2024. The filing covers the fiscal year ending December 31, 2023. The company's primary business is related to depository banking, NEC (SIC code 6099). Euronet Worldwide Inc. was formerly known as EURONET SERVICES INC. The company is incorporated in Delaware (DE).

Why It Matters

For investors and stakeholders tracking EURONET WORLDWIDE, INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Euronet's financial performance, operations, and risk factors for the fiscal year 2023. Investors and analysts can use this report to assess the company's financial health, strategic direction, and potential future performance.

Risk Assessment

Risk Level: medium — EURONET WORLDWIDE, INC. shows moderate risk based on this filing. The company operates in the financial services sector, which is subject to significant regulatory oversight and market volatility, as indicated by its SIC code and the nature of its business operations.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to understand Euronet's performance and outlook for the upcoming fiscal year.

Key Numbers

• 20231231 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
• 20240222 — Filing Date (FILED AS OF DATE)
• 001-31648 — SEC File Number (SEC FILE NUMBER)
• 24666055 — Film Number (FILM NUMBER)

Key Players & Entities

• EURONET WORLDWIDE, INC. (company) — FILER
• 0001029199 (company) — CENTRAL INDEX KEY
• 6099 (company) — STANDARD INDUSTRIAL CLASSIFICATION
• DE (company) — STATE OF INCORPORATION
• 20231231 (date) — CONFORMED PERIOD OF REPORT
• 20240222 (date) — FILED AS OF DATE
• EURONET WORLDWIDE INC (company) — FORMER COMPANY
• EURONET SERVICES INC (company) — FORMER COMPANY

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-02-22: Filing Date — Date the 10-K was officially filed with the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This is the primary document filed by Euronet Worldwide, Inc. for the fiscal year 2023.)

SIC Code

Standard Industrial Classification code used to classify businesses by industry. (Indicates Euronet's primary business activity is related to depository banking.)

Filing Documents

• eeft-20231231.htm (10-K) — 3495KB
• ex211_1.htm (EX-21.1) — 136KB
• ex231_2.htm (EX-23.1) — 8KB
• ex311_3.htm (EX-31.1) — 28KB
• ex312_4.htm (EX-31.2) — 24KB
• ex321_5.htm (EX-32.1) — 13KB
• ex322_6.htm (EX-32.1) — 13KB
• ex971_7.htm (EX-97.1) — 98KB
• img37da809ffa43437d9f28.jpg (GRAPHIC) — 22KB
• imgf78e9f656ee24fab9740.jpg (GRAPHIC) — 30KB
• 0001213900-24-016204.txt (&nbsp;) — 16677KB
• eeft-20231231.xsd (EX-101.SCH) — 81KB
• eeft-20231231_cal.xml (EX-101.CAL) — 168KB
• eeft-20231231_def.xml (EX-101.DEF) — 503KB
• eeft-20231231_lab.xml (EX-101.LAB) — 1443KB
• eeft-20231231_pre.xml (EX-101.PRE) — 767KB
• eeft-20231231_htm.xml (XML) — 3153KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 18 Item 1B. Unresolved Staff Comments 33 Item 1C. Cybersecurity Risk Mangement and Strategy 33 Item 2.

Properties

Properties 35 Item 3.

Legal Proceedings

Legal Proceedings 35 Item 4. Mine Safety Disclosures 35 Part II 35 Item 5. Market for Registrant's Common Equity, Related Stock holder Ma tters and Issuer Purchases of Equity Securities 35 Item 6. Reserved 37 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 37 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 57 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 59 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 102 Item 9A.

Controls and Procedures

Controls and Procedures 102 Item 9B. Other Information 103 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 103 Part III 103 Item 10. Directors, Executive Officers and Corporate Governance 103 Item 11.

Executive Compensation

Executive Compensation 103 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 103 Item 13. Certain Relationships and Related Transactions, and Director Independence 103 Item 14. Principal Accounting Fees and Services 103 Part IV 104 Item 15. Exhibits and Financial Statement Schedules 104

Signatures

Signatures 108 Table of Contents Part I

Business

Item 1. Business References in this report to "we," "our," "us," the "Company" and "Euronet" refer to Euronet Worldwide, Inc. and its subsidiari es unless the context indicates otherwise. Business Overview General Overview Euronet is a leader in electronic payment and transaction processing solutions for Financial Institutions, Retailers, Service Providers, and Individual Consumers utilizing our global payments network, platforms, and technologies. Through a collection of diverse technologies and services, our business segments and solutions meet a wide variety of payments requirements and process transactions throughout the world. We move money in all the ways the world depends on. With a global footprint we provide compliant solutions that make financial transactions easier, faster, and secure. Core Business Segments We operate in the following three segments as of December 31, 2023: Electronic Funds Transfer ("EFT") Segment Our Electronic Funds Transfer ("EFT") segment meets the needs of financial institutions and consumers through Euronet-owned and outsourced Automated Teller Machines ("ATMs") and Point-of-Sale ("POS") terminals combined with value added and transaction processing services. We deploy and operate our own ATMs, providing ATM services for financial institutions and providing electronic payment processing solutions. EFT offers a suite of integrated electronic financial transaction software solutions for electronic payment and transaction delivery systems. Transactions processed span a network of 47,303 ATMs, as of December 31,2023, and approximately 656,000 POS terminals . In 2023, the EFT Processing Segment accounted for approximately 29% of Euronet's consolidated revenues. epay Segment Our epay segment provides retail payment solutions and delivers innovative connections between the digital content of the world's leading brands and consumers. epay has one of the largest retail networks across Europe and Asia for the distributio

View Full Filing

View this 10-K filing on SEC EDGAR