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EVERTEC Q3 revenue rises 24% to $283M

The 2026 outlook places revenue at $1,088 million to $1,096 million and adjusted earnings per share at $4.00 to $4.08.

Available on EDGAR Accepted by SEC EDGAR
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8-K

Rhea-AI Filing Summary

EVERTEC, Inc. (EVTC) reported third-quarter 2026 revenue of $283.0 million, up 24% from $228.6 million; constant-currency revenue was $277.0 million, up 21%. GAAP net income attributable to common shareholders was $29.9 million, versus $32.9 million a year earlier. The company cited a $6 million prior-year R&D tax-credit gain that did not recur, higher interest expense and higher income tax expense. Adjusted EBITDA rose 19% to $110.5 million, and adjusted earnings per share rose 16% to $1.07; Adjusted EBITDA margin was 39.0%, compared with 40.5%.

For the first nine months, operating cash flow was $176.3 million, versus $157.0 million. EVERTEC completed the BBChain acquisition and returned $18.4 million through repurchases and dividends. It repurchased 500,946 shares for $15.4 million at an average $30.78 during the quarter; approximately $135 million remained under its $150 million authorization as of September 30, 2026. Its 2026 outlook calls for revenue of $1,088 million to $1,096 million, adjusted EPS of $4.00 to $4.08 and Adjusted EBITDA margin of approximately 39.5%.

4 points · 0 major

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0 major · 1 point

How the balance works

Positive

  • Moderate pointRevenue rose 24% to $283.0 million in Q3 2026.
  • Moderate pointAdjusted EBITDA increased 19% to $110.5 million in Q3.
  • Moderate pointAdjusted earnings per share increased 16% to $1.07 in Q3.
  • Moderate pointNine-month operating cash flow was $176.3 million, versus $157.0 million.

Negative

  • Moderate pointGAAP net income attributable to common shareholders was $29.9 million, versus $32.9 million a year earlier.

Filing Explained

EVERTEC’s release calls this a raised 2026 outlook, but not every endpoint rises: revenue-growth bounds move from 16.4%–17.5% to 16.7%–17.6%, while adjusted-EPS growth’s floor rises from 8.8% to 10.5% and its ceiling falls from 13.8% to 12.7%.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Third-quarter revenue $283.0 million Three months ended September 30, 2026; up 24% from the prior-year quarter
Constant-currency revenue $277.0 million Three months ended September 30, 2026; growth of 21%
GAAP net income attributable to common shareholders $29.9 million Three months ended September 30, 2026; compared with $32.9 million a year earlier
Adjusted EBITDA $110.5 million Three months ended September 30, 2026; increased 19%
Adjusted earnings per common share $1.07 Three months ended September 30, 2026; increased 16%
2026 revenue outlook $1,088 million to $1,096 million Revised full-year 2026 outlook
2026 adjusted earnings per common share outlook $4.00 to $4.08 Full-year 2026 outlook
Shares repurchased 500,946 shares Three months ended September 30, 2026
Constant currency revenue financial
"Constant currency revenue represents reported revenue excluding the impact"
Revenue reported after removing the impact of changes in foreign exchange rates, so sales from overseas operations are measured using the same exchange rates as in a prior period. It matters to investors because it isolates a company's underlying sales performance from currency swings—like comparing two years using the same ruler—making it easier to see whether growth comes from business momentum or simply from favorable exchange-rate moves.
Adjusted EBITDA margin financial
"Adjusted EBITDA margin (Adjusted EBITDA as a percentage of total revenue)"
Adjusted EBITDA margin shows how much profit a company makes from its core operations, expressed as a percentage of its total revenue, after removing certain one-time or unusual expenses and income. It helps investors understand the company's true earning ability from regular business activities, making it easier to compare performance over time or with other companies. Think of it as measuring the efficiency of a business in turning sales into profits, excluding irregular adjustments.
Adjusted Net Income financial
"Adjusted Net Income is defined as Adjusted EBITDA less"
Adjusted net income is a company's reported profit after removing unusual, one-time, or non-operational items so the number reflects the business’s regular earning power. Investors use it like a cleaned-up scorecard — similar to judging a player’s season performance without a few fluke games — to compare companies or assess trends without being misled by rare gains or losses that won’t affect future cash flow.
secured leverage ratio financial
"compliance with covenants therein such as the secured leverage ratio"
A secured leverage ratio compares the amount of a company’s debt that is backed by collateral (secured debt) to its ability to pay that debt, usually measured against cash flow or the value of assets. Think of it as the share of mortgages on a house compared with the owner’s income or home value — a higher ratio signals more debt burden and greater risk of lender action, tighter borrowing terms, and potential pressure on equity returns, all of which matter to investors.
Revenue $283.0 million Up 24% from $228.6 million in the prior-year quarter
GAAP net income attributable to common shareholders $29.9 million Compared with $32.9 million in the prior-year quarter
Adjusted EBITDA $110.5 million Up 19%
Adjusted earnings per common share $1.07 Up 16% from $0.92 in the prior-year quarter
Guidance

For 2026, revenue of $1,088 million to $1,096 million; adjusted earnings per common share of $4.00 to $4.08; Adjusted EBITDA margin of approximately 39.5%; capital expenditures of approximately $95 million; adjusted effective tax rate of approximately 10% to 11%.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was EVTC's revenue in Q3 2026?
EVTC reported third-quarter revenue of $283.0 million, up 24% from $228.6 million a year earlier; constant-currency revenue was $277.0 million, representing 21% growth. The company attributed revenue growth to acquisitions, organic growth across most segments and favorable foreign currency movements.

What is EVTC's 2026 financial outlook?
The outlook calls for revenue of $1,088 million to $1,096 million, representing approximately 16.7% to 17.6% growth, and adjusted earnings per common share of $4.00 to $4.08. Adjusted EBITDA margin is expected to be approximately 39.5%, capital expenditures approximately $95 million, and the adjusted effective tax rate approximately 10% to 11%.

Why did EVTC's Q3 net income decline?
The company said the year-over-year change primarily reflected a $6 million R&D tax-credit gain recognized in the prior-year quarter with no comparable current-quarter gain, along with higher interest expense and income tax expense. Higher interest expense reflected higher interest rates and increased debt associated with recent acquisitions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0001559865false00015598652026-11-032026-11-03

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549 
FORM 8-K
 
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): November 3, 2026
 EVERTEC, Inc.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
  
Puerto Rico66-0783622
(State or other jurisdiction of
incorporation or organization)		(I.R.S. employer
identification number)
Cupey Center Building,Road 176, Kilometer 1.3,
San Juan,Puerto Rico00926
(Address of principal executive offices)(Zip Code)
(787) 759-9999
(Registrant’s telephone number, including area code)
Not applicable
(Former name, former address and former fiscal year, if changed since last report)
COMMISSION FILE NUMBER 001-35872
 
   
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of ClassTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 par value per shareEVTCNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02 Results of Operations and Financial Condition.

On November 3, 2026 the Company issued a press release announcing its preliminary results for the third quarter ended September 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Note: The information contained in this Item 2.02 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.


Item 9.01 Financial Statements and Exhibits.
 
(d)Exhibits.
Number  Exhibit
99.1  
Press Release re: Third quarter earnings issued by EVERTEC, Inc. dated November 3, 2026
104Cover Page Interactive Data File (embedded within the Inline XBRL document)




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
EVERTEC, Inc.
(Registrant)
Date: November 3, 2026By:/s/ Karla Cruz-Jusino
Name: Karla Cruz-Jusino
Title: Chief Financial Officer



EXHIBIT INDEX
 
NumberExhibit
99.1
Press Release re: Third quarter earnings issued by EVERTEC, Inc. dated November 3, 2026
104Cover Page Interactive Data File (embedded within the Inline XBRL document)




Exhibit 99.1
 g350595ex991pg19.jpg

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, 2026.
Third Quarter 2026 Highlights and Recent Highlights
 
•Revenue increased 24% to $283.0 million, approximately 21% on a constant currency basis
•GAAP Net Income attributable to common shareholders was $29.9 million, or $0.49 per diluted share
•Adjusted EBITDA increased 19% to $110.5 million and Adjusted earnings per common share increased 16% to $1.07
•Returned $18.4 million to shareholders through share repurchases and dividends
•Raised full-year 2026 Revenue and Adjusted earnings per common share outlook
•Completed the acquisition of BBChain, expanding capabilities in blockchain, tokenization, and digital asset technology infrastructure

“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,” said 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.”
Third Quarter 2026 Results

Revenue. Total revenue for the quarter ended September 30, 2026 was $283.0 million, an increase of 24%, compared with $228.6 million in the prior year quarter driven by contributions from the acquisitions completed in the current and prior year, organic growth across most of the Company's segments, and favorable foreign currency fluctuations. Constant currency revenue amounted to $277.0 million representing growth of 21%. Latin America revenue increased, reflecting contributions from the recent acquisitions, continued organic growth across the region, as well as a $6 million benefit from favorable foreign currency movements. Payment Services revenue increased, driven by higher POS transactions and growth in ATH Movil, primarily in ATH Business. Merchant acquiring revenue increased, reflecting higher sales volume and higher non-transactional revenue. Business Solutions revenue contracted, primarily reflecting the 10% discount to Popular that came into effect in the fourth quarter of 2025.

Net Income attributable to common shareholders. For the quarter ended September 30, 2026, 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 in the prior year quarter. The year-over-year change primarily reflects a $6 million net gain from R&D tax credits recognized in the prior-year period, with no comparable gain in the current quarter, along with higher interest expense reflecting higher interest rates and increased debt outstanding associated with the recent acquisitions, and higher income tax expense. The higher effective tax rate was driven in part by a greater contribution from Latin American jurisdictions with higher statutory tax rates.

Adjusted EBITDA and Adjusted EBITDA Margin. For the quarter ended September 30, 2026, Adjusted EBITDA was $110.5 million, an increase of $17.9 million when compared to the prior year quarter, driven by the increase in revenues. Adjusted EBITDA margin (Adjusted EBITDA as a percentage of total revenue) was 39.0%, compared with 40.5% in the prior year. The decrease primarily reflects the increasing weight of Latin America, reflecting the region's continued growth and different margin profile.

Adjusted Net Income and Adjusted earnings per common share. For the quarter ended September 30, 2026, Adjusted Net Income was $64.8 million, an increase of $5.0 million when compared with $59.8 million in the prior-year quarter. The increase is primarily driven by the higher Adjusted EBITDA, partially offset by a higher adjusted effective tax rate, higher operating depreciation and amortization expense, higher interest expense, and non-controlling interest related to Tecnobank. Adjusted
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earnings per common share was $1.07, an increase of 16% compared with $0.92 in the prior year quarter, driven by the Adjusted Net Income results and a lower share count reflecting the impact of share repurchases completed during the current and prior year.

Share Repurchase

During the three months ended September 30, 2026, the Company repurchased 500,946 shares of its common stock at an average price of $30.78 per share for a total of $15.4 million.

On July 31, 2026, the Company's Board of Directors 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 program. The Company may repurchase shares in the open market, through accelerated share repurchase programs, 10b5-1 plans, or in privately negotiated transactions, subject to business opportunities and other factors.

2026 Outlook

The Company's revised financial outlook for 2026 is as follows:
 
•We now expect revenue between $1,088 million and $1,096 million representing growth of approximately 16.7% to 17.6%, an increase from our previous expectation of 16.4% to 17.5%. Constant currency growth is expected to be between 14.5% to 15.4%.
•We now expect Adjusted earnings per common share to be between $4.00 to $4.08 representing growth of approximately 10.5% to 12.7%, an increase from our previous expectation of 8.8% to 13.8%. On a constant currency basis, growth is expected to be between 9.4% to 11.6%.
•We now expect Adjusted EBITDA margin of approximately 39.5%, or 40% on a constant currency basis.
•We now expect capital expenditures to be approximately $95 million.
•We now expect an adjusted effective tax rate of approximately 10% to 11%.

Earnings Conference Call and Audio Webcast

The Company will host a conference call to discuss its third quarter 2026 financial results today at 4:30 p.m. ET. Hosting the call will be Mac Schuessler, President and Chief Executive Officer, and Karla Cruz-Jusino, Chief Financial Officer. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call and can be accessed by dialing (855) 669-9658 or (412) 317-0088 for international callers; the pin number is 7306217. The replay will be available through Tuesday, November 10, 2026. The call will be webcast live from the Company’s website at www.evertecinc.com under the Investor Relations section or directly at http://ir.evertecinc.com. A supplemental slide presentation that accompanies this call and webcast can be found on the investor relations website at ir.evertecinc.com and will remain available after the call.

About Evertec

EVERTEC, Inc. (NYSE: EVTC) is a leading full-service transaction processing business and financial technology provider in Latin America and the Caribbean. The Company is based in Puerto Rico and provides a broad range of merchant acquiring, payment processing and business process management services across 29 countries and territories. EVERTEC owns and operates the ATH network, which we believe is one of the leading personal identification number (“PIN”) debit networks in the Caribbean and Latin America. In addition, EVERTEC provides a comprehensive suite of services for core bank processing and cash processing in Puerto Rico and technology outsourcing in the regions the Company serves. EVERTEC serves a broad and diversified customer base of leading financial institutions, merchants, corporations, and government agencies with solutions that are essential to their operations, enabling them to issue, process and accept transactions securely.For more information, visit www.evertecinc.com.

Use of Non-GAAP Financial Information

The non-GAAP measures referenced in this earnings release are supplemental measures of the Company’s performance and are not required by, or presented in accordance with, accounting principles generally accepted in the United States of America (“GAAP”). They are not measurements of the Company’s financial performance under GAAP and should not be considered as alternatives to total revenue, net income or any other performance measures derived in accordance with GAAP or as alternatives to cash flows from operating activities, as indicators of operating performance or as measures of the Company’s liquidity. In addition to GAAP measures, management uses these non-GAAP measures to focus on the factors the Company believes are pertinent to the daily management of the Company’s operations and believes that they are also frequently used by
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analysts, investors and other stakeholders to evaluate companies in our industry. These measures have certain limitations in that they do not include the impact of certain expenses that are reflected in our condensed consolidated statements of operations that are necessary to run our business. Other companies, including other companies in our industry, may not use these measures or may calculate these measures differently than as presented herein, limiting their usefulness as comparative measures.

Reconciliations of the non-GAAP measures to the most directly comparable GAAP measure are included at the end of this earnings release. These non-GAAP measures include Constant currency revenue, EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted Earnings per common share, and Constant Currency Adjusted Earnings per common share, each as defined below.

Constant currency revenue represents reported revenue excluding the impact of fluctuations in foreign currency exchange rates in the current period. Constant currency revenue is calculated by applying prior-year period foreign currency exchange rates to current-period revenue.

EBITDA is defined as earnings before interest, taxes, depreciation and amortization.

Adjusted EBITDA is defined as EBITDA further adjusted to exclude certain non-cash items and unusual expenses such as: share-based compensation, restructuring related expenses, fees and expenses from corporate transactions such as M&A activity and financing, multi-year non-recurring gains recognized in connection with the sale of tax credits, equity investment income net of dividends received, and the impact from unrealized gains and losses on foreign currency remeasurement for assets and liabilities in non-functional currency. Segment Adjusted EBITDA which is the measure reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segments and assessing their performance, is presented in conformity with Accounting Standards Codification 280, Segment Reporting, and for this reason is excluded from the definition of non-GAAP financial measures under the Securities and Exchange Commission's Regulation G and Item 10(e) of Regulation S-K. The Company’s presentation of Adjusted EBITDA is substantially consistent with the equivalent measurements that are contained in the secured credit facilities in testing EVERTEC Group’s compliance with covenants therein such as the secured leverage ratio.

Adjusted EBITDA Margin is defined as Adjusted EBITDA as a percentage of total revenues.

Adjusted Net Income is defined as Adjusted EBITDA less: operating depreciation and amortization expense, defined as GAAP Depreciation and amortization less amortization of intangibles related to acquisitions such as customer relationships, trademarks, non-compete agreements, among others; cash interest expense defined as GAAP interest expense, less GAAP interest income adjusted to exclude non-cash amortization of debt issue costs and premiums and accretion of discount; income tax expense which is calculated on adjusted pre-tax income using the applicable GAAP tax rate, adjusted for uncertain tax position releases, tax true-ups, windfall from share-based compensation, unrealized gains and losses from foreign currency remeasurement, among others; and non-controlling interests, net of amortization for intangibles created as part of the purchase.

Adjusted Earnings per common share is defined as Adjusted Net Income divided by diluted shares outstanding.

Constant Currency Adjusted Earnings per common share is defined as Adjusted earnings per common share excluding the impact of fluctuations in foreign currency exchange rates in the current period, calculated by applying prior-year period foreign currency exchange rates to current-period results.

The Company uses Adjusted Net Income to measure the Company's overall profitability because the Company believes it better reflects the comparable operating performance by excluding the impact of the non-cash amortization and depreciation that was created as a result of merger and acquisition activity. In addition, in evaluating EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per common share, you should be aware that in the future the Company may incur expenses such as those excluded in calculating them.

Forward-Looking Statements

Certain statements in this earnings release constitute “forward-looking statements” within the meaning of, and subject to the protection of, the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical facts, including, without limitation, statements regarding our future results of operations and financial position, including our guidance for fiscal year 2026; our business strategies; objectives of management for future operations, including, among others, statements regarding our expected growth, international expansion and future capital expenditures; and expectations for and anticipated benefits of acquisitions, are forward looking statements. Words such as “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” and “plans” and similar expressions of future or
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conditional verbs such as “will,” “should,” “would,” “may,” and “could” are generally forward-looking in nature and not historical facts.

Various factors that could cause actual future results and other future events to differ materially from those estimated by management include, but are not limited to: our reliance on our relationship with Popular, Inc. (“Popular”) for a significant portion of our revenues pursuant to our second Amended and Restated Master Services Agreement (“A&R MSA”) with them, and as it may impact our ability to grow our business; our ability to renew our client contracts on terms favorable to us, including but not limited to the current term and any extension of the A&R MSA with Popular and Amended and Restated Independent Sales Organization Sponsorship and Services Agreement (the “A&R ISO Agreement”) with Banco Popular; our reliance on our information technology systems, employees and certain suppliers and counterparties, and certain failures or disruptions in those systems or chains could materially adversely affect our operations; the risk of security breaches or other confidential data theft from our systems; our ability to recruit, retain and develop qualified personnel; fraud by merchants or others; the credit risk of our merchant clients, for which we may also be liable; our use of artificial intelligence (“AI”) and machine learning tools and the evolving regulatory framework governing such technology; a decreased client base due to consolidations and/or failures in the financial services industry; our ability to comply with existing and future rules and regulations in the jurisdictions in which we operate; a reduction in consumer confidence, whether as a result of a global economic downturn or otherwise, which leads to a decrease in consumer spending; our dependence on payment card network or other network rules, standards, mandates or fees; the geographical concentration of our business in Puerto Rico, including our business with the government of Puerto Rico and its instrumentalities, which are facing fiscal challenges and the effects of potential natural disasters; risks associated with our presence in international markets, including global political, social and economic instability; operating an international business in Latin America, Puerto Rico and the Caribbean, in jurisdictions with potential political and economic instability; the impact of exposure to foreign exchange fluctuations and capital controls on our costs, earnings and the value of some of our assets; our ability to protect our intellectual property rights against infringement and to defend ourselves against potential intellectual property infringement claims and the potential impact on our business of such claims, whether or not correct; the possibility that we could lose our preferential tax rate in Puerto Rico; the effect of purchases of our common stock pursuant to our stock repurchase plan on the value of our common stock; and the impact of our leverage on our ability to raise additional capital, that our leverage may limit our ability to react to changes in the economy or our industry, expose us to interest rate risk and prevent us from meeting our obligations with respect to our substantial indebtedness, that we and our subsidiaries may be able to incur significant additional indebtedness, which could further increase such risks; and the other factors set forth under “Part 1, Item 1A. Risk Factors,” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”) on March 2, 2026. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless it is required to do so by law.
Investor Contact
Lily Arteaga
(787) 773-5442
IR@evertecinc.com
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EVERTEC, Inc.
Schedule 1: Unaudited Condensed Consolidated Statements of Income and Comprehensive Income (Loss)
 
(Dollar amounts in thousands, except share data)Three months ended September 30,Nine months ended September 30,
2026202520262025
Revenues$282,994 $228,587 $805,737 $686,986 
Operating costs and expenses
Cost of revenues, exclusive of depreciation and amortization131,018 124,742 373,504 349,411 
Selling, general and administrative expenses57,714 37,678 162,870 108,992 
Depreciation and amortization43,627 28,435 120,881 85,217 
Total operating costs and expenses232,359 190,855 657,255 543,620 
Income from operations50,635 37,732 148,482 143,366 
Non-operating income (expenses)
Interest income4,164 4,016 11,751 10,346 
Interest expense(21,511)(16,534)(59,132)(50,241)
(Loss) gain on foreign currency remeasurement(222)(60)(4,646)455 
Earnings (losses) from equity investees1,263 1,346 (5,059)4,290 
Other income (expenses), net734 6,929 (203)7,483 
Total non-operating expenses(15,572)(4,303)(57,289)(27,667)
Income before income taxes35,063 33,429 91,193 115,699 
Income tax expense (benefit)3,550 (31)28,056 8,175 
Net income31,513 33,460 63,137 107,524 
Less: Net income attributable to non-controlling interest1,641 599 4,109 1,495 
Net income attributable to EVERTEC, Inc.’s common stockholders29,872 32,861 59,028 106,029 
Foreign currency translation adjustments(8,512)13,593 50,319 92,799 
Gain (loss) on cash flow hedges2,246 (313)6,985 (6,465)
Unrealized gain on change in fair value of debt securities available-for-sale2 5 19 15 
Other comprehensive income, net of tax$(6,264)$13,285 $57,323 $86,349 
Total comprehensive income attributable to EVERTEC, Inc.’s common stockholders$23,608 $46,146 $116,351 $192,378 
Net income per common share:
Basic$0.50 $0.51 $0.97 $1.66 
Diluted$0.49 $0.51 $0.96 $1.64 
Shares used in computing net income per common share:
Basic59,525,183 63,982,424 60,737,496 63,917,639 
Diluted60,421,411 64,766,300 61,424,435 64,692,541 
                                                                                                                                
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EVERTEC, Inc.
Schedule 2: Unaudited Condensed Consolidated Balance Sheets 
(Dollar amounts in thousands, except share data)September 30, 2026December 31, 2025
Assets
Current Assets:
Cash and cash equivalents$284,104 $305,993 
Restricted cash30,434 25,838 
Accounts receivable, net187,221 164,381 
Settlement assets30,004 26,098 
Prepaid expenses and other assets92,870 68,462 
Total current assets624,633 590,772 
Debt securities available-for-sale, at fair value 3,974 3,202 
Equity securities, at fair value6,058 5,849 
Investments in equity investees19,463 30,120 
Property and equipment, net66,602 64,354 
Operating lease right-of-use asset35,680 38,218 
Goodwill1,065,803 891,992 
Other intangible assets, net603,538 553,082 
Deferred tax asset48,511 45,386 
Derivative asset4,128 — 
Other long-term assets32,757 20,321 
Total assets$2,511,147 $2,243,296 
Liabilities and stockholders’ equity
Current Liabilities:
Accrued liabilities$169,612 $125,575 
Accounts payable68,710 63,726 
Contract liability31,060 26,573 
Income tax payable7,559 3,218 
Current portion of long-term debt32,817 23,867 
Short-term borrowings30,000 10,000 
Current portion of operating lease liability5,835 5,878 
Settlement liabilities30,062 26,202 
Total current liabilities375,655 285,039 
Long-term debt1,214,053 1,053,030 
Deferred tax liability80,381 71,356 
Contract liability - long term30,592 47,032 
Operating lease liability - long-term30,906 33,305 
Derivative liability— 5,225 
Other long-term liabilities45,861 34,317 
Total liabilities1,777,448 1,529,304 
Redeemable non-controlling interests81,857 89,155 
Stockholders’ equity
Preferred stock, par value $0.01; 2,000,000 shares authorized; none issued
— — 
Common stock, par value $0.01; 206,000,000 shares authorized; 59,252,142 shares issued and outstanding as of September 30, 2026 (December 31, 2025 - 61,756,639)
593 618 
Additional paid-in capital— — 
Accumulated earnings657,019 687,696 
Accumulated other comprehensive loss, net of tax(9,385)(66,708)
Total EVERTEC, Inc. stockholders’ equity648,227 621,606 
Non-redeemable non-controlling interest3,615 3,231 
Total equity$651,842 $624,837 
Total liabilities and equity$2,511,147 $2,243,296 
6

EVERTEC, Inc.
Schedule 3: Unaudited Condensed Consolidated Statements of Cash Flows
 
Nine Months Ended September 30,
(In thousands)20262025
Cash flows from operating activities
Net income$63,137 $107,524 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization120,881 85,217 
Amortization of debt issue costs and accretion of discount3,923 2,770 
Operating lease amortization4,498 5,373 
Provision for expected credit losses and sundry losses4,409 9,455 
Deferred tax benefit(18,639)(18,944)
Share-based compensation24,014 22,194 
Loss on impairment of investment in equity investee8,885 — 
Earnings of equity investees(3,829)(4,290)
Dividend received from equity method investment2,595 3,861 
Loss (gain) on foreign currency remeasurement4,646 (455)
Other, net1,360 821 
(Increase) decrease in assets:
Accounts receivable, net(28,401)(19,332)
Prepaid expenses and other assets(9,172)(10,890)
Other long-term assets(4,734)3,160 
(Decrease) increase in liabilities:
Accrued liabilities and accounts payable37,639 (18,249)
Income tax payable(18,104)(2,366)
Contract liability(8,298)(9,690)
Operating lease liabilities(6,222)(5,626)
Other long-term liabilities(2,299)6,468 
Total adjustments113,152 49,477 
Net cash provided by operating activities176,289 157,001 
Cash flows from investing activities
Additions to software and other intangible assets(57,274)(50,905)
Property and equipment acquired(17,629)(17,020)
Acquisition of available-for-sale debt securities(928)(1,782)
Proceeds from maturities of available-for-sale debt securities259 1,000 
Acquisitions, net of cash acquired(186,617)— 
Other investing activities, net319 (896)
Net cash used in investing activities(261,870)(69,603)
Cash flows from financing activities
Debt issuance costs(1,277)— 
Acquisition of redeemable non-controlling interests(23,098)(5,167)
Repayment of other financing agreements(7,939)(4,478)
Withholding taxes paid on share-based compensation(7,394)(8,942)
Proceeds from issuance of long term debt184,538 — 
Net increase in Revolving Facility20,000 150,000 
Dividends paid(9,107)(9,582)
Repurchase of common stock(82,477)(3,691)
Repayment of long-term debt(17,900)(17,900)
Settlement activity, net(2,119)(8,167)
Other financing activities, net(9,940)(2,958)
Net cash provided by financing activities43,287 89,115 
Effect of foreign exchange rate on cash, cash equivalents and restricted cash22,882 16,817 
Net (decrease) increase in cash, cash equivalents, restricted cash and cash included in settlement assets(19,412)193,330 
Cash, cash equivalents, restricted cash and cash included in settlement assets at the beginning of the period348,129 314,649 
Cash, cash equivalents, restricted cash, and cash included in settlement assets at end of the period$328,717 $507,979 
Cash and cash equivalents284,104 474,738 
Restricted cash30,434 24,998 
Cash and cash equivalents included in settlement assets14,179 8,243 
Cash, cash equivalents, restricted cash and cash included in settlement assets$328,717 $507,979 
7

EVERTEC, Inc.
Schedule 4: Unaudited Segment Information

Three Months Ended September 30, 2026
(In thousands)Payment
Services -
Puerto Rico & Caribbean		Latin America Payments and SolutionsMerchant
Acquiring, net		Business
Solutions		Total Reportable Segments
Corporate and Other (1)
Total
Revenues$60,144 $143,622 $51,005 $58,570 $313,341 $(30,347)$282,994 
Adjusted EBITDA$34,188 $43,247 $21,441 $20,599 $119,475 $(8,984)$110,491 
 
(1)Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $16.2 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $9.3 million from Latin America Payments and Solutions to both Payment Services- Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $4.9 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions.

Three Months Ended September 30, 2025
(In thousands)Payment
Services -
Puerto Rico & Caribbean		Latin America Payments and SolutionsMerchant
Acquiring, net		Business
Solutions		Total Reportable Segments
Corporate and Other (1)
Total
Revenues$55,244 $90,378 $46,753 $61,679 $254,054 $(25,467)$228,587 
Adjusted EBITDA$29,874 $24,426 $18,611 $25,100 $98,011 $(5,400)$92,611 

(1)Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $14.9 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $7.0 million from Latin America Payments and Solutions to both Payment Services - Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $3.6 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions.

Nine months ended September 30, 2026
(In thousands)Payment
Services -
Puerto Rico & Caribbean		Latin America Payments and SolutionsMerchant
Acquiring, net		Business
Solutions		Total Reportable Segments
Corporate and Other (1)
Total
Revenues$179,458 $384,825 $151,711 $176,933 $892,927 $(87,190)$805,737 
Adjusted EBITDA$105,822 $115,703 $62,764 $64,792 $349,081 $(32,209)$316,872 
(1)Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $48.0 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $25.5 million from Latin America Payments and Solutions to both Payment Services - Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $13.8 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions.

8

Nine months ended September 30, 2025
(In thousands)Payment
Services -
Puerto Rico & Caribbean		Latin America Payments and SolutionsMerchant
Acquiring, net		Business
Solutions		Total Reportable Segments
Corporate and Other (1)
Total
Revenues$166,822 $260,208 $141,694 $191,762 $760,486 $(73,500)$686,986 
Adjusted EBITDA$94,340 $72,671 $58,972 $73,343 $299,326 $(24,711)$274,615 
(1)Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $44.1 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $18.8 million from Latin America Payments and Solutions to both Payment Services - Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $10.6 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions.

9

EVERTEC, Inc.
Schedule 5: Reconciliation of GAAP to Non-GAAP Operating Results
 
Three Months Ended September 30,Nine Months Ended September 30,
(Dollar amounts in thousands, except share data)2026202520262025
Revenue$282,994 $228,587 $805,737 $686,986 
Currency Adjustment - Constant (1)
(6,003)— (21,834)— 
Constant Currency Revenue$276,991 $228,587 $783,903 $686,986 
Net income31,513 33,460 63,137 107,524 
Income tax expense (benefit)3,550 (31)28,056 8,175 
Interest expense, net17,347 12,518 47,381 39,895 
Depreciation and amortization43,627 28,435 120,881 85,217 
EBITDA96,037 74,382 259,455 240,811 
Equity income (loss) (2)
1,073 2,129 7,395 (815)
Compensation and benefits (3)
9,083 8,133 31,862 27,727 
Transaction, refinancing and other fees (4)
4,076 7,907 13,514 7,347 
Loss (gain) on foreign currency remeasurement (5)
222 60 4,646 (455)
Adjusted EBITDA110,491 92,611 316,872 274,615 
Operating depreciation and amortization (6)
(20,310)(16,892)(59,205)(50,416)
Cash interest expense, net (7)
(16,539)(12,039)(43,637)(38,034)
Income tax expense (8)
(5,936)(3,287)(19,934)(10,930)
Non-controlling interest (9)
(2,956)(609)(8,542)(1,526)
Adjusted Net Income$64,750 $59,784 $185,554 $173,709 
Net income per common share (GAAP):
Diluted$0.49 $0.51 $0.96 $1.64 
Adjusted earnings per common share (Non-GAAP):
Diluted$1.07 $0.92 $3.02 $2.69 
Shares used in computing adjusted earnings per common share:
Diluted60,421,411 64,766,300 61,424,435 64,692,541 
 
1)Constant currency adjustment is calculated by applying prior-year monthly average foreign currency exchange rates to current-period results.
2)Represents the elimination of non-cash equity earnings from equity investments, net of dividends received and non-recurring impairment charges.
3)Primarily represents share-based compensation and severance payments.
4)Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement and other non-recurring expenses.
5)Represents non-cash unrealized losses and (gains) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies.
6)Represents operating depreciation and amortization expense, which excludes amounts generated as a result of merger and acquisition activity.
7)Represents interest expense, less interest income, as they appear on the unaudited condensed consolidated statements of income and comprehensive income (loss), adjusted to exclude non-cash amortization of the debt issue costs and premiums, and accretion of discount.
8)Represents income tax expense calculated on adjusted pre-tax income using the applicable GAAP tax rate, adjusted for certain discrete and non-recurring tax items.
9)Represents the non-controlling equity interests, net of amortization for intangibles created as part of the acquisition.


10

EVERTEC, Inc.
Schedule 6: Outlook Summary and Reconciliation to Non-GAAP Adjusted Earnings per Share
 
Outlook 20262025
(Dollar amounts in millions, except per share data)LowHigh
Revenues (GAAP)$1,088 to$1,096 $932 
Currency adjustment - constant (1)
(21)(21)
Constant currency revenues (Non-GAAP)1,067 1,075 
Earnings per Share (EPS) (GAAP)$1.66 to$1.74 $2.20 
Per share adjustment to reconcile GAAP EPS to Non-GAAP Adjusted EPS:
Share-based comp, non-cash equity earnings and other (2)
0.99 0.99 0.70 
Merger and acquisition related depreciation and amortization (3)
1.33 1.33 0.83 
Non-cash interest expense (4)
0.10 0.10 0.04 
Tax effect of non-gaap adjustments (5)
(0.01)(0.01)(0.10)
Non-controlling interest (6)
(0.07)(0.07)(0.05)
Total adjustments2.34 2.34 1.42 
Adjusted EPS (Non-GAAP)$4.00 to$4.08 $3.62 
Currency adjustment - constant (1)
(0.04)(0.04)
Constant Currency Adjusted EPS (Non-GAAP)$3.96 $4.04 
Shares used in computing adjusted earnings per common share61.2 61.2 64.4 
 
(1)Constant currency adjustment is calculated by applying prior-year monthly average foreign currency exchange rates to current-period results.
(2)Represents share-based compensation, the elimination of non-cash equity earnings from equity investments, severance and other adjustments to reconcile GAAP EPS to Non-GAAP EPS.
(3)Represents depreciation and amortization expenses generated as a result of M&A activity.
(4)Represents non-cash amortization of the debt issue costs and premiums and accretion of discount.
(5)Represents income tax expense on non-GAAP adjustments using the applicable GAAP tax rate (anticipated at approximately 10% to 11%) and adjustments from certain discrete and non-recurring tax items.
(6)Represents the non-controlling equity interests, net of amortization for intangibles created as part of the acquisition.


11

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