Acquisitions

12 Months Ended

Dec. 31, 2025

Acquisitions 2025

Kyodai (Japan)

On May 31, 2025, Euronet completed the acquisition of a 60% equity stake in UNIDOS CO. LTD from multiple shareholders for a consideration of $20.0 million, including a probable earn out of $1.6 million. The effective date of control is June 1, 2025. The Company allocated $9.9 million of the enterprise value to customer relationships, $7.9 million to acquired net assets, $3.5 million to deferred tax liability, $12 million to non-controlling interest and the remaining $17.7 million to goodwill. The purchase price was preliminary allocated to the assets acquired and liabilities assumed including identifiable intangible assets based on provisional values at the date of the acquisition. The acquisition has been accounted for as a business combination in accordance with US GAAP and the results of operations have been included in the Money Transfer segment.

CoreCard (USA)

On October 30, 2025, the Company completed the acquisition of 100% of the outstanding equity of CoreCard Corporation pursuant to the Agreement and Plan of Merger dated July 30, 2025. Under the terms of the agreement, each CoreCard common share converted into 0.3142 shares of Euronet common stock, with fractional shares settled in cash at the closing price of Euronet stock on the trading day immediately preceding the acquisition date. In addition, unvested CoreCard RSUs vested at closing and were settled in Euronet shares, and outstanding stock options were cash‑settled at intrinsic value. The total purchase consideration was $192.7 million and consisted of the fair value of Euronet shares issued, cash in lieu of fractional shares, and cash to settle options and RSU‑related withholding obligations. The transaction has been accounted for as a business combination under ASC 805, and CoreCard’s results are included in the Company’s EFT Processing Segment beginning on the acquisition date.

No contingent consideration, escrow, or holdback was recognized. The Company acquired 100% of CoreCard; no noncontrolling interest was recognized. No bargain purchase gain was recorded.

Purchase price allocation

The Company performed a preliminary allocation of the purchase price for CoreCard to the assets acquired and liabilities assumed based on their estimated fair values at the acquisition date. The allocation is subject to change during the measurement period as the Company finalizes the valuation of identifiable intangible assets, working‑capital items and income‑tax‑related balances.

Preliminary CoreCard purchase price accounting at October 30, 2025 (in millions)

Assets acquired	Fair value
Cash and cash equivalents	$	33.6
Accounts receivable		13.7
Taxes receivable		2.3
Other current assets		5.0
Long‑term investments		9.0
Property and equipment		3.3
Long‑term deferred tax assets		5.9
Other long‑term assets		1.1
Right‑of‑use (ROU) lease assets		4.2
Identifiable intangible assets		69.6
Goodwill		88.3
Total assets acquired	$	236.0

Liabilities assumed
Accounts payable		5.8
Employee‑related payables		9.8
Deferred revenue		3.3
Other liabilities		1.0
Operating lease liabilities		4.2
Other long‑term liabilities		0.4
Deferred tax liability		18.8
Total liabilities assumed	$	43.3

Net assets recognized (equals consideration transferred)	$	192.7

Goodwill

Preliminary goodwill of $88.3 million reflects anticipated synergies, assembled workforce, and the strategic benefit of integrating CoreCard’s issuing technology into the Company’s platform The Plan of Merger was intended to qualify as a "reorganization" within the meaning of Sections 368(a)(1)(A) and 368(a)(2)(E) of the Code, and that this Plan of Merger will constitute a "plan of reorganization" for purposes of Sections 354 and 361 of the Code and Treasury Regulations Section 1.368-2(g). As a result, the acquisition did not create deductible goodwill for tax purposes and Euronet will not amortize goodwill calculated in the valuation.

Measurement‑period status

The allocation above is preliminary and subject to change as the Company completes its valuation analyses of identifiable intangible assets, certain working‑capital accounts and related deferred taxes within the ASC 805 measurement period. Any adjustments will be recorded retrospectively to the acquisition date with a corresponding adjustment to goodwill.

Identifiable Intangible Assets and Estimated Useful Lives

The Company expects the identifiable intangible assets of CoreCard acquired to include developed technology, customer relationships, and trade name. Fair values and useful lives are being finalized; until completion, the following table presents the aggregate amount and expected categories with preliminary useful‑life ranges.

Intangibles subject to amortization (preliminary, in millions):

Identifiable Intangible Assets and Estimated Useful Lives

(Preliminary — in millions)

Category		Fair Value (in millions)	Useful Life (years)	Amortization Method
Trade Name	$	7.2	18	Straight‑line
CoreCard Platform (Developed Technology)	$	11.0	9	Straight‑line
Large Individual Customer Relationship	$	40.2	2.4	Straight‑line
Other Customer Relationships	$	11.2	18	Straight‑line
Total Identifiable Intangible Assets	$	69.6

Final category splits and useful lives will be determined based on market‑participant assumptions, technology life cycles, and customer attrition analyses. Updates will be reflected as measurement‑period adjustments under ASC 805.

Post-acquisition Results

From October 31, 2025 to December 31, 2025, CoreCard contributed revenue of $12.7 million, gross margin of $8.0 million and operating income of $1.9 million to consolidated results (excludes purchase accounting amortization).

Acquisitions 2024

On February 1, 2024, Euronet acquired Infinitium Group, a leading regional solutions provider with Payments Authentication services, for a purchase consideration of $70.0 million cash and $5.0 million of the Company’s common stock to be paid over two installments on February 1, 2026 and 2027. The Company allocated $51.0 million of the purchase consideration to customer relationships, $5.6 million to acquired net assets, $10.2 million to deferred tax liability and the remaining $28.6 million to goodwill.

- Definition

The entire disclosure for business combination.

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+ Details

EURONET WORLDWIDE, INC. 10-K