EURONET WORLDWIDE, INC.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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(9) Goodwill and Acquired Intangible Assets, Net
The following table summarizes intangible assets as of December 31, 2025 and 2024:
| As of December 31, 2025 | As of December 31, 2024 | |||
|---|---|---|---|---|
| (in millions) | Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization |
| Customer relationships | $395.7 | $(163.6) | $308.7 | $(132.7) |
| Software | 68.4 | (57.6) | 53.8 | (53.8) |
| Trademarks and trade names | 52.6 | (41.1) | 43.3 | (37.3) |
| Non-compete agreements | 10.9 | (4.1) | 9.6 | (2.7) |
| Total | $527.6 | $(266.4) | $415.4 | $(226.5) |
The following table summarizes the goodwill and amortizable intangible assets activity for the years ended December 31, 2025 and 2024:
| (in millions) | Acquired Intangible Assets | Goodwill | Total Intangible Assets |
|---|---|---|---|
| Balance as of January 1, 2024 | $167.6 | $847.5 | $1,015.1 |
| Increases (decreases): | |||
| Acquisitions (see footnote 6) | 51.0 | 50.2 | 101.2 |
| Amortization | (21.7) | — | (21.7) |
| Other (primarily changes in foreign currency exchange rates) | (8.0) | (38.5) | (46.5) |
| Balance as of December 31, 2024 | $188.9 | $859.2 | $1,048.1 |
| Increases (decreases): | |||
| Acquisitions (see footnote 6) | 79.5 | 106.3 | 185.8 |
| Amortization | (22.2) | — | (22.2) |
| Other (primarily changes in foreign currency exchange rates) | 15.0 | 76.8 | 91.8 |
| Balance as of December 31, 2025 | $261.2 | $1,042.3 | $1,303.5 |
Of the total goodwill balance of $1,042.3 million as of December 31, 2025, $401.7 million relates to the Money Transfer Segment, $71.3 million relates to the epay Segment and the remaining $569.3 million relates to the EFT Processing Segment. Amortization expense for intangible assets with finite lives was $22.2 million, $21.7 million, and $24.5 million for the years ended December 31, 2025,2024 and 2023, respectively. Estimated annual amortization expense on intangible assets with finite lives as of December 31, 2025, is expected to be $37.7 million for 2026, $37.2 million for 2027, $24.3 million for 2028, $20.1 million for 2029, and $20.0 million for 2030.
(10) Convertible Notes Receivable
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