EVERTEC REPORTS THIRD QUARTER 2026 RESULTS
EVERTEC, Inc. (EVTC) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 EVERTEC REPORTS THIRD QUARTER 2026 RESULTS Delivers strong results and raises full year 2026 outlook SAN JUAN, PUERTO RICO – November 3, 2026 – EVERTEC, Inc. (NYSE: EVTC) (“Evertec” or the “Company”) today announced results for the third quarter ended September 30, 2
How this was made
The 30-second read
Why it matters
The raised guidance reflects successful recent acquisitions and organic growth, potentially attracting growth‑oriented investors.
Market read
Evertec's earnings beat and raised outlook are likely to generate buying interest in the stock and may lift the broader fintech niche in the region.
What to watch
Higher effective tax rate and increased debt could temper profit growth despite higher revenue.
EVERTEC reports third quarter 2026 revenue growth of 24%, Adjusted EBITDA growth of 19%, and raises full-year 2026 revenue and Adjusted earnings per common share outlook.
Third-quarter revenue increased 24% to $283.0 million, Adjusted EBITDA increased 19% to $110.5 million, and the Company raised its full-year 2026 revenue and Adjusted earnings per common share outlook. GAAP net income attributable to common shareholders declined versus the prior-year quarter, reflecting the prior-year R&D tax-credit gain, higher interest expense, and higher income tax expense.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Revenue, three months ended September 30GAAP | $283.0M | – | 24% |
| Constant Currency Revenue, three months ended September 30non-GAAP | $277.0M | – | 21% |
| Income from operations, three months ended September 30GAAP | $50.63M | – | – |
| Net income, three months ended September 30GAAP | $31.51M | – | – |
| Net income attributable to EVERTEC, Inc.'s common stockholders, three months ended September 30GAAP | $29.87M | – | – |
| Diluted net income per common share, three months ended September 30GAAP | $0.49 | – | – |
| Basic net income per common share, three months ended September 30GAAP | $0.50 | – | – |
| EBITDA, three months ended September 30non-GAAP | $96.04M | – | – |
| Adjusted EBITDA, three months ended September 30non-GAAP | $110.5M | – | 19% |
| Adjusted EBITDA Margin, three months ended September 30non-GAAP | 39.0% | – | – |
| Adjusted Net Income, three months ended September 30non-GAAP | $64.75M | – | – |
| Adjusted earnings per common share, diluted, three months ended September 30non-GAAP | $1.07 | – | 16% |
| Cost of revenues, exclusive of depreciation and amortization, three months ended September 30GAAP | $131.0M | – | – |
| Selling, general and administrative expenses, three months ended September 30GAAP | $57.71M | – | – |
| Depreciation and amortization, three months ended September 30GAAP | $43.63M | – | – |
| Interest expense, three months ended September 30GAAP | −$21.51M | – | – |
| Income tax expense (benefit), three months ended September 30GAAP | $3.55M | – | – |
| Revenue, nine months ended September 30GAAP | $805.7M | – | – |
| Constant Currency Revenue, nine months ended September 30non-GAAP | $783.9M | – | – |
| Income from operations, nine months ended September 30GAAP | $148.5M | – | – |
| Net income attributable to EVERTEC, Inc.'s common stockholders, nine months ended September 30GAAP | $59.03M | – | – |
| Diluted net income per common share, nine months ended September 30GAAP | $0.96 | – | – |
| Adjusted EBITDA, nine months ended September 30non-GAAP | $316.9M | – | – |
| Adjusted Net Income, nine months ended September 30non-GAAP | $185.6M | – | – |
| Adjusted earnings per common share, diluted, nine months ended September 30non-GAAP | $3.02 | – | – |
| Net cash provided by operating activities, nine months ended September 30GAAP | $176.3M | – | – |
| Net cash used in investing activities, nine months ended September 30GAAP | −$261.9M | – | – |
| Net cash provided by financing activities, nine months ended September 30GAAP | $43.29M | – | – |
| Payment Services - Puerto Rico & Caribbean Adjusted EBITDA, three months ended September 30other | $34.19M | – | – |
| Latin America Payments and Solutions Adjusted EBITDA, three months ended September 30other | $43.25M | – | – |
| Merchant Acquiring, net Adjusted EBITDA, three months ended September 30other | $21.44M | – | – |
| Business Solutions Adjusted EBITDA, three months ended September 30other | $20.60M | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Payment Services - Puerto Rico & Caribbean, three months ended September 30Revenue increased, driven by higher POS transactions and growth in ATH Movil, primarily in ATH Business. | $60.14M | – | – |
| Latin America Payments and Solutions, three months ended September 30Revenue increased, reflecting contributions from recent acquisitions, continued organic growth across the region, and a $6 million benefit from favorable foreign currency movements. | $143.6M | – | – |
| Merchant Acquiring, net, three months ended September 30Revenue increased, reflecting higher sales volume and higher non-transactional revenue. | $51.01M | – | – |
| Business Solutions, three months ended September 30Revenue contracted, primarily reflecting the 10% discount to Popular that came into effect in the fourth quarter of 2025. | $58.57M | – | – |
| Payment Services - Puerto Rico & Caribbean, nine months ended September 30No nine-month segment driver was separately provided. | $179.5M | – | – |
| Latin America Payments and Solutions, nine months ended September 30No nine-month segment driver was separately provided. | $384.8M | – | – |
| Merchant Acquiring, net, nine months ended September 30No nine-month segment driver was separately provided. | $151.7M | – | – |
| Business Solutions, nine months ended September 30No nine-month segment driver was separately provided. | $176.9M | – | – |
Amounts quoted below without a unit are in thousands, as in the filing’s tables. Per-share figures are as printed.
Full-year 2026 outlook
- Revenue$1,088 million to $1,096 million
- Tax rateapproximately 10% to 11% adjusted effective tax rate
- NoteRevenue growth of approximately 16.7% to 17.6%.
- NoteConstant currency growth of between 14.5% to 15.4%.
- NoteConstant currency revenues of $1,067 million to $1,075 million.
- NoteGAAP EPS of $1.66 to $1.74.
- NoteAdjusted earnings per common share of $4.00 to $4.08, representing growth of approximately 10.5% to 12.7%.
- NoteConstant Currency Adjusted EPS of $3.96 to $4.04, representing growth of between 9.4% to 11.6%.
- NoteAdjusted EBITDA margin of approximately 39.5%, or 40% on a constant currency basis.
- NoteCapital expenditures of approximately $95 million.
- NoteShares used in computing adjusted earnings per common share of 61.2.
Capital returns
- Returned $18.4 million to shareholders through share repurchases and dividends.
- During the three months ended September 30, 2026, repurchased 500,946 shares of common stock at an average price of $30.78 per share for a total of $15.4 million.
- On July 31, 2026, the Board approved an increase to the share repurchase authorization to an aggregate $150 million, while maintaining the expiration date of December 31, 2027.
- At September 30, 2026, approximately $135 million remained available under the share repurchase program.
- Dividends paid were $9,107 (in thousands) for the nine months ended September 30, 2026, compared with $9,582 (in thousands) in the prior-year period.
- Repurchase of common stock was $82,477 (in thousands) for the nine months ended September 30, 2026, compared with $3,691 (in thousands) in the prior-year period.
What drove it
- Current- and prior-year acquisitions contributed to revenue growth.
- Organic growth occurred across most segments.
- Favorable foreign currency fluctuations contributed to revenue growth, including a $6 million benefit to Latin America revenue.
- Higher POS transactions and ATH Movil growth, primarily in ATH Business, supported Payment Services revenue.
- Higher sales volume and higher non-transactional revenue supported Merchant Acquiring revenue.
- The acquisition of BBChain expanded capabilities in blockchain, tokenization, and digital asset technology infrastructure.
Concerns
- GAAP net income attributable to common shareholders was $29.9 million, compared with $32.9 million in the prior-year quarter.
- The prior-year period included a $6 million net gain from R&D tax credits, with no comparable gain in the current quarter.
- Higher interest expense reflected higher interest rates and increased debt outstanding associated with recent acquisitions.
- Higher income tax expense reflected in part a greater contribution from Latin American jurisdictions with higher statutory tax rates.
- Adjusted EBITDA margin was 39.0%, compared with 40.5% in the prior-year quarter, primarily reflecting the increasing weight of Latin America and its different margin profile.
- Business Solutions revenue contracted, primarily reflecting the 10% discount to Popular that came into effect in the fourth quarter of 2025.
What to watch
- Delivery against full-year 2026 revenue guidance of $1,088 million to $1,096 million.
- Delivery against full-year 2026 Adjusted earnings per common share guidance of $4.00 to $4.08.
- Adjusted EBITDA margin performance against the approximately 39.5% full-year expectation.
- Latin America growth, acquisition contributions, and the impact of foreign currency movements.
- Business Solutions performance following the 10% discount to Popular.
- Capital expenditures against the approximately $95 million full-year expectation and debt levels following recent acquisitions.
Balance sheet and cash flow
- Cash and cash equivalents were $284,104 (in thousands) at September 30, 2026, compared with $305,993 (in thousands) at December 31, 2025.
- Restricted cash was $30,434 (in thousands) at September 30, 2026, compared with $25,838 (in thousands) at December 31, 2025.
- Current portion of long-term debt was $32,817 (in thousands) at September 30, 2026, compared with $23,867 (in thousands) at December 31, 2025.
- Short-term borrowings were $30,000 (in thousands) at September 30, 2026, compared with $10,000 (in thousands) at December 31, 2025.
- Long-term debt was $1,214,053 (in thousands) at September 30, 2026, compared with $1,053,030 (in thousands) at December 31, 2025.
- Total assets were $2,511,147 (in thousands) at September 30, 2026, compared with $2,243,296 (in thousands) at December 31, 2025.
- Net cash provided by operating activities was $176,289 (in thousands) for the nine months ended September 30, 2026, compared with $157,001 (in thousands) in the prior-year period.
- Acquisitions, net of cash acquired were $(186,617) (in thousands) for the nine months ended September 30, 2026.
- Additions to software and other intangible assets were $(57,274) (in thousands) and property and equipment acquired were $(17,629) (in thousands) for the nine months ended September 30, 2026.
Analysis
Evertec reported third-quarter revenue of $283.0 million, up 24% from $228.6 million, while constant currency revenue was $277.0 million and grew 21%. Management attributed the increase to current- and prior-year acquisitions, organic growth across most segments, and favorable foreign currency fluctuations. Latin America Payments and Solutions produced $143,622 (in thousands) of revenue, with acquisitions, organic growth, and a $6 million foreign-exchange benefit identified as drivers.
Profitability improved on an adjusted basis but GAAP earnings declined. Adjusted EBITDA increased 19% to $110.5 million, while Adjusted EBITDA margin declined to 39.0% from 40.5%. The Company attributed the margin change primarily to the increasing weight of Latin America and the region's different margin profile. GAAP net income attributable to common shareholders was $29.9 million, or $0.49 per diluted share, compared with $32.9 million, or $0.51 per diluted share. The prior-year quarter included a $6 million net gain from R&D tax credits, while the current quarter also carried higher interest expense and income tax expense.
Segment trends were uneven. Payment Services revenue benefited from higher POS transactions and ATH Movil growth, and Merchant Acquiring grew on higher sales volume and non-transactional revenue. Business Solutions contracted, primarily because of the 10% discount to Popular that took effect in the fourth quarter of 2025. For the first nine months, revenue was $805,737 (in thousands), Adjusted EBITDA was $316,872 (in thousands), and net cash provided by operating activities was $176,289 (in thousands).
Capital allocation included $18.4 million returned to shareholders through repurchases and dividends in the quarter. The Company repurchased 500,946 shares for $15.4 million, and approximately $135 million remained under the program at September 30, 2026. Balance-sheet debt increased, with long-term debt at $1,214,053 (in thousands) and short-term borrowings at $30,000 (in thousands). The Company also reported $186,617 (in thousands) of acquisitions, net of cash acquired, during the first nine months.
Management raised its full-year 2026 revenue outlook to $1,088 million to $1,096 million and its Adjusted earnings per common share outlook to $4.00 to $4.08. The revised outlook calls for Adjusted EBITDA margin of approximately 39.5%, or 40% on a constant currency basis, approximately $95 million of capital expenditures, and an adjusted effective tax rate of approximately 10% to 11%. The key reported tension is that revenue and adjusted earnings momentum are strong while the mix shift toward Latin America, higher interest expense, higher tax expense, and the Popular discount weigh on reported profitability and margins.
Management, verbatim
Evertec’s transformation is translating into strong results. We have built a broader, more diversified company with greater scale, deeper capabilities and more opportunities to grow across Puerto Rico and Latin America.
Mac Schuessler, President and CEO
Our third-quarter performance and updated full-year outlook reflect the momentum across the business and our focus on executing against the long-term opportunity ahead.
Mac Schuessler, President and CEO
Not in the filing
stated, not guessed- Gross profit was not reported.
- GAAP gross margin was not reported.
- Free cash flow was not reported.
- Quarterly operating cash flow was not reported.
- Quarterly capital expenditures were not reported as a single line item.
- Quarterly dividend amount was not reported.
- Prior-quarter comparisons for reported metrics were not provided.
- A separate previous outlook document was not provided; therefore, no actual-versus-prior-guidance comparison is included.
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was checked against the filing text, and a metric whose value, prior period and change do not add up is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Evertec (NYSE:EVTC) is a payment processing and fintech provider operating across 29 Caribbean and Latin American markets.
Ticker impact
Evertec reported Q3 2026 results and issued raised full‑year guidance, increasing revenue outlook to $1.09‑$1.10B and EPS to $4.00‑$4.08.
likely upward pressure as investors price in higher revenue and EPS guidance
The company posted 24% revenue growth, beat prior‑year earnings, and lifted its full‑year outlook, which typically drives buying interest.
Market effects
Strengthens the Latin America payments and fintech sector outlook.
May boost investor sentiment toward Caribbean and Latin American financial services stocks.
Limited to niche fintech investors; no broad market effect.
Counterpoint
If the raised guidance is already priced in, the stock could face a short‑term pullback.
Key entities
- ExecutiveMac Schuessler
President and CEO of Evertec who presented the results.
