Evertec (NYSE: EVTC) boosts 2026 guidance, expands $150M buyback
Rhea-AI Filing Summary
Evertec reported strong second-quarter 2026 operating performance while raising its full-year outlook. Revenue for the quarter ended June 30, 2026 was $274.8 million, up 20% from $229.6 million, or 16% on a constant currency basis, driven by organic growth across most segments, contributions from recent acquisitions and a $9.1 million foreign-exchange benefit. Latin America and merchant acquiring led growth, while Business Solutions contracted due to a 10% pricing discount to Popular.
GAAP net income attributable to common shareholders fell to $5.4 million, or $0.09 per diluted share, from $40.5 million, or $0.62, primarily due to impairment charges from exiting an equity method investment, cybersecurity incident response and remediation costs, acquisition-related integration costs, higher depreciation and amortization, and increased interest expense, along with higher income tax expense from discrete items and mix shift. Underlying performance remained solid: Adjusted EBITDA rose 18% to $109.3 million with a 39.8% margin, and Adjusted net income reached $64.8 million, driving Adjusted diluted EPS of $1.05, up 18%.
The company returned $50.1 million to shareholders via dividends and repurchased 1,907,437 shares for $47.1 million at an average $24.68, and the Board increased the share repurchase authorization to $150 million through December 31, 2027. Revised 2026 guidance now calls for revenue of $1,085–$1,095 million (about 16.4–17.5% growth) and Adjusted EPS of $3.94–$4.04 (about 8.8–11.7% growth), with Adjusted EBITDA margin of 39–40%, capital expenditures of approximately $90 million, and an adjusted effective tax rate of 11–12%. Evertec also advanced its Latin America strategy through agreements with Transbank in Chile and Clip in Mexico.
Positive
- Revenue grew 20% to $274.8 million, with 16% constant-currency growth and broad-based segment contributions.
- 2026 outlook was raised to $1,085–$1,095 million revenue and $3.94–$4.04 adjusted EPS, with 39–40% margin.
- Share repurchase authorization increased to $150 million, following Q2 buybacks of 1.9 million shares for $47.1 million.
Negative
- GAAP net income dropped to $5.4 million from $40.5 million, impacted by impairment, cybersecurity response and acquisition-related costs.
- Long-term debt increased to $1.22 billion after $179.8 million of acquisition spending in the first half of 2026.
Filing Explained
At June 30, acquisition-related cash use and higher debt left EVERTEC with $260,659 thousand cash and $1,221,871 thousand long-term debt.
As of
The balance sheet separately reports
For the six months ended
That combination of acquisition and other investing outflows with new debt financing left cash, cash equivalents, restricted cash, and settlement cash at
The increased
8-K Event Classification
3 items: 2.02, 8.01, 9.01
3 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Q2 2026 Revenue: $274.8 million
Q2 2026 GAAP Net Income: $5.4 million
Q2 2026 Adjusted EBITDA: $109.3 million
+5 more
8 metrics
Q2 2026 Revenue
$274.8 million
Quarter ended June 30, 2026; up 20% from $229.6 million
Q2 2026 GAAP Net Income
$5.4 million
Attributable to common shareholders; $0.09 diluted EPS
Q2 2026 Adjusted EBITDA
$109.3 million
Increased by $16.8 million year over year; 39.8% margin
Q2 2026 Adjusted EPS
$1.05
Diluted; up 18% from $0.89 in the prior year quarter
H1 2026 Operating Cash Flow
$90.7 million
Net cash provided by operating activities for six months ended June 30, 2026
June 30, 2026 Long-Term Debt
$1,221.9 million
Long-term debt outstanding, excluding current portion, at June 30, 2026
2026 Revenue Guidance
$1,085–$1,095 million
Raised full-year GAAP revenue outlook for 2026
2026 Adjusted EPS Guidance
$3.94–$4.04
Full-year adjusted earnings per common share; 8.8–11.7% growth
Key Terms
Adjusted EBITDA, Constant currency revenue, share repurchase authorization, equity method investment, +2 more
6 terms
Adjusted EBITDA financial
"Adjusted EBITDA increased 18% to $109.3 million and Adjusted earnings per common share increased 18%"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Constant currency revenue financial
"Constant currency revenue amounted to $265.7 million representing growth of 16%"
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.
equity method investment financial
"impairment charges associated with the Company's strategic decision to exit an equity method investment"
An equity method investment is an accounting way to report ownership in another company when an investor has significant influence (commonly around 20–50% of voting rights). Instead of listing the other company’s full assets and debts, the investor records its share of that company’s profits or losses on its own income statement—like keeping track of your share of a neighborhood bakery’s monthly earnings. Investors care because those shared profits, losses and changes in the investee’s value directly affect the investor’s reported earnings and balance sheet, so this method can materially change a company’s financial picture and valuation.
non-controlling interest financial
"impact from non-controlling interest associated with the Tecnobank acquisition completed in the fourth quarter of 2025"
Non-controlling interest represents the portion of ownership in a company held by investors who do not have a controlling stake, meaning they do not have enough voting power to make major decisions. It is similar to owning a minority share of a business partner’s company—while they benefit from profits, they cannot control how the company is run. This matters to investors because it shows how much of the company's value is owned by outside shareholders and affects overall financial reporting.
Earnings Snapshot
Revenue: $274.8 million · Guidance included
Quarter and six months ended June 30, 2026
Revenue
$274.8 million
Increased 20% from $229.6 million in the prior year quarter
GAAP Net Income attributable to common shareholders
$5.4 million
Decreased from $40.5 million in the prior year quarter
Adjusted EBITDA
$109.3 million
Increased by $16.8 million year over year; margin 39.8% vs. 40.3%
Adjusted EPS (diluted)
$1.05
Up 18% from $0.89 in the prior year quarter
2026 Revenue Outlook
$1,085–$1,095 million
Growth of approximately 16.4%–17.5%; raised from 15.1%–16.4%
2026 Adjusted EPS Outlook
$3.94–$4.04
Growth of approximately 8.8%–11.7%; raised from 6.6%–9.9%
Guidance
For 2026, Evertec expects revenue of $1,085–$1,095 million, Adjusted EPS of $3.94–$4.04, Adjusted EBITDA margin of 39%–40%, capital expenditures of approximately $90 million, and an adjusted effective tax rate of about 11%–12%.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did Evertec (EVTC) perform financially in Q2 2026?
Evertec delivered Q2 2026 revenue of $274.8 million, up 20% year over year, or 16% on a constant-currency basis. Adjusted EBITDA was $109.3 million with a 39.8% margin, while Adjusted diluted EPS rose 18% to $1.05.
Why did Evertec (EVTC) GAAP net income decline sharply in Q2 2026?
GAAP net income fell to $5.4 million from $40.5 million mainly due to impairment charges from exiting an equity method investment, cybersecurity incident response costs, acquisition-related expenses, higher depreciation and amortization, increased interest expense and higher discrete tax items.
What 2026 outlook did Evertec (EVTC) provide after Q2 2026 results?
Evertec now expects 2026 revenue of $1,085–$1,095 million, implying about 16.4–17.5% growth, and Adjusted EPS of $3.94–$4.04, about 8.8–11.7% growth. The company maintained guidance for a 39–40% Adjusted EBITDA margin and roughly $90 million in capital expenditures.
How is Evertec (EVTC) progressing with its Latin America growth strategy?
Evertec advanced its strategy through agreements with Transbank in Chile and Clip in Mexico, while Latin America Payments and Solutions revenue grew, aided by recent acquisitions and organic expansion. These initiatives support its role as a regional transaction processing and financial technology provider.
What does Evertec’s (EVTC) Q2 2026 cash flow and debt profile look like?
For the first half of 2026, Evertec generated $90.7 million in operating cash flow. It used cash for $179.8 million of acquisitions, and long-term debt rose to $1.22 billion, alongside short-term borrowings of $35.0 million at June 30, 2026.
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): July 31, 2026
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
| (State or other jurisdiction of incorporation or organization) | (I.R.S. employer identification number) | ||||||||||
| (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 Class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
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 August 4, 2026 the Company issued a press release announcing its preliminary results for the second quarter ended June 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 8.01 Other Events
On July 31, 2026, the Company's Board of Directors approved an increase to Evertec's existing share repurchase authorization to permit future repurchases of up to an aggregate of $150 million worth of shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”) while maintaining the current expiration date of December 31, 2027. Prior to this authorization increase, the Company’s share repurchase program authorization had approximately $83.0 million remaining. Under the repurchase program, the Company may repurchase shares in the open market, through accelerated share repurchase programs, Rule 10b5-1 plans, or in privately negotiated transactions, subject to business opportunities and other factors.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
| Number | Exhibit | |||||||
| 99.1 | Press Release re: Second quarter earnings issued by EVERTEC, Inc. dated August 4, 2026 | |||||||
| 104 | Cover 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: August 4, 2026 | By: | /s/ Karla Cruz-Jusino | ||||||
| Name: Karla Cruz-Jusino | ||||||||
| Title: Chief Financial Officer | ||||||||
EXHIBIT INDEX
| Number | Exhibit | |||||||
| 99.1 | Press Release re: Second quarter earnings issued by EVERTEC, Inc. dated August 4, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
Exhibit 99.1
EVERTEC REPORTS SECOND QUARTER 2026 RESULTS
Raises Full-Year 2026 Outlook
Increases share repurchase authorization
Signs strategic agreements with Transbank and Clip
SAN JUAN, PUERTO RICO – August 4, 2026 – EVERTEC, Inc. (NYSE: EVTC) (“Evertec” or the “Company”) today announced results for the second quarter ended June 30, 2026.
Second Quarter 2026 Highlights and Recent Highlights
•Revenue increased 20% to $274.8 million, approximately 16% on a constant currency basis
•GAAP Net Income attributable to common shareholders was $5.4 million, or $0.09 per diluted share
•Adjusted EBITDA increased 18% to $109.3 million and Adjusted earnings per common share increased 18% to $1.05
•Returned $50.1 million to shareholders through share repurchases and dividends
•Advanced EVERTEC's growth strategy in Latin America through agreements with Transbank in Chile and Clip in Mexico
•Increased the share repurchase authorization to $150 million
•Raised full-year 2026 Revenue and Adjusted earnings per common share outlook
Mac Schuessler, President and Chief Executive Officer stated “We delivered a strong second quarter, reflecting organic growth across our business, the contributions from our recent acquisitions, and the continued execution of our strategy. Given our strong first-half performance and outlook for the remainder of the year, we are raising our full-year guidance and remain focused on executing our strategy.”
Second Quarter 2026 Results
Revenue. Total revenue for the quarter ended June 30, 2026 was $274.8 million, an increase of 20%, compared with $229.6 million in the prior year quarter driven by organic growth across most of the Company's segments, contributions from the recent acquisitions completed in the current and prior year and favorable foreign currency fluctuations. Constant currency revenue amounted to $265.7 million representing growth of 16%. Merchant acquiring revenue benefited from higher sales volume, higher non-transactional revenues and an improvement in spread. Payments Puerto Rico revenue benefited from higher POS transactions and growth in ATH Movil, primarily in ATH Movil Business, as well as a non-recurring volume-based benefit recognized during the quarter. Latin America revenue benefited from the contributions of recent acquisitions, and continued organic growth across the region. Revenue also benefited from foreign currency exchange rate fluctuations of $9.1 million, primarily in Brazil. Business Solutions revenue contracted mainly as a result of 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 June 30, 2026, GAAP Net Income attributable to common shareholders was $5.4 million or $0.09 per diluted share, compared with $40.5 million or $0.62 per diluted share in the prior year quarter. The decrease was driven in part by certain non-recurring items, including impairment charges associated with the Company's strategic decision to exit an equity method investment, as well as costs related to cybersecurity incident response and remediation activities. The quarter also reflected costs associated with recent acquisitions, including integration related costs, higher depreciation and amortization related to acquired intangible assets, and increased interest expense resulting from higher outstanding debt balances, following recent acquisitions. Income tax expense was also higher, primarily driven by discrete tax items, including taxes associated with a dividend distribution used to partially fund the Dimensa acquisition and a valuation allowance recorded against capital losses generated by the exit of the equity investment, as well as a greater proportion of taxable income generated in higher-tax foreign jurisdictions. While these items impacted reported GAAP results,
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the Company continued to generate strong underlying operating performance, as reflected in its adjusted results and continued growth across its core businesses.
Adjusted EBITDA and Adjusted EBITDA Margin. For the quarter ended June 30, 2026, Adjusted EBITDA was $109.3 million, an increase of $16.8 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 39.8%, compared with 40.3% in the prior year. The modest decrease primarily reflects the higher contribution from the Latin America segment.
Adjusted Net Income and Adjusted earnings per common share. For the quarter ended June 30, 2026, Adjusted Net Income was $64.8 million, an increase of $7.1 million when compared with $57.7 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, primarily reflecting the higher contribution from the Latin America segment, higher operating depreciation and amortization expense, and the impact from non-controlling interest associated with the Tecnobank acquisition completed in the fourth quarter of 2025. Adjusted earnings per common share was $1.05, an increase of 18% compared with $0.89 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 June 30, 2026, the Company repurchased 1,907,437 shares of its common stock at an average price of $24.68 per share for a total of $47.1 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 current expiration date of December 31, 2027. Prior to this authorization increase, approximately $83.0 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 $1,085 million and $1,095 million representing growth of approximately 16.4% to 17.5%, an increase from our previous expectation of 15.1% to 16.4%. Constant currency growth is now expected to be between 14.5% to 15.6%.
•We now expect Adjusted earnings per common share to be between $3.94 to $4.04 representing growth of approximately 8.8% to 11.7%, an increase from our previous expectation of 6.6% to 9.9%. On a constant currency basis, growth is expected to be between 7.2% to 10.0%.
•We continue to expect Adjusted EBITDA margin of 39% to 40%
•We continue to expect capital expenditures to be approximately $90 million
•We continue to expect an adjusted effective tax rate of approximately 11% to 12%
Earnings Conference Call and Audio Webcast
The Company will host a conference call to discuss its second 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 (800) 715-9871 or for international callers by dialing (646) 307-1963. 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 6110327. The replay will be available through Tuesday, August 11, 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 processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of merchant acquiring, payment services and business process management services. Evertec owns and operates the ATH® network, one of the leading personal identification number (“PIN”) debit networks in Latin America. In addition, the Company manages a system of electronic payment networks and offers a comprehensive suite of services for core banking, cash processing and fulfillment in Puerto Rico, that process over ten billion transactions annually. The Company also offers financial technology outsourcing in all the regions it serves. Based in
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Puerto Rico, the Company operates in 26 Latin American countries and serves a diversified customer base of leading financial institutions, merchants, corporations and government agencies with “mission-critical” technology solutions. 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 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.
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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 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)
| Revenues | Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||||
| Revenues | 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||||
| Revenues | $ | 274,820 | $ | 229,607 | $ | 522,743 | $ | 458,399 | ||||||||||||||||||
| Operating costs and expenses | ||||||||||||||||||||||||||
| Cost of revenues, exclusive of depreciation and amortization | 124,241 | 110,060 | 242,486 | 224,669 | ||||||||||||||||||||||
| Selling, general and administrative expenses | 57,310 | 35,104 | 105,156 | 71,314 | ||||||||||||||||||||||
| Depreciation and amortization | 39,991 | 28,309 | 77,254 | 56,782 | ||||||||||||||||||||||
| Total operating costs and expenses | 221,542 | 173,473 | 424,896 | 352,765 | ||||||||||||||||||||||
| Income from operations | 53,278 | 56,134 | 97,847 | 105,634 | ||||||||||||||||||||||
| Non-operating income (expenses) | ||||||||||||||||||||||||||
| Interest income | 3,727 | 3,079 | 7,587 | 6,330 | ||||||||||||||||||||||
| Interest expense | (20,264) | (16,719) | (37,621) | (33,707) | ||||||||||||||||||||||
| (Loss) gain on foreign currency remeasurement | (698) | 1,348 | (4,424) | 515 | ||||||||||||||||||||||
| (Losses) earnings from equity investees | (7,768) | 867 | (6,322) | 2,944 | ||||||||||||||||||||||
| Other (loss) income, net | (1,124) | 334 | (937) | 554 | ||||||||||||||||||||||
| Total non-operating expenses | (26,127) | (11,091) | (41,717) | (23,364) | ||||||||||||||||||||||
| Income before income taxes | 27,151 | 45,043 | 56,130 | 82,270 | ||||||||||||||||||||||
| Income tax expense | 20,274 | 4,070 | 24,506 | 8,206 | ||||||||||||||||||||||
| Net income | 6,877 | 40,973 | 31,624 | 74,064 | ||||||||||||||||||||||
| Less: Net income attributable to non-controlling interest | 1,472 | 508 | 2,468 | 896 | ||||||||||||||||||||||
| Net income attributable to EVERTEC, Inc.’s common stockholders | 5,405 | 40,465 | 29,156 | 73,168 | ||||||||||||||||||||||
| Other comprehensive income, net of tax | ||||||||||||||||||||||||||
| Foreign currency translation adjustments | 9,257 | 32,495 | 58,831 | 79,206 | ||||||||||||||||||||||
| Gain (loss) on cash flow hedges | 1,990 | (2,160) | 4,739 | (6,152) | ||||||||||||||||||||||
| Unrealized gain on change in fair value of debt securities available-for-sale | 21 | 2 | 17 | 10 | ||||||||||||||||||||||
| Other comprehensive income, net of tax | $ | 11,268 | $ | 30,337 | $ | 63,587 | $ | 73,064 | ||||||||||||||||||
| Total comprehensive income attributable to EVERTEC, Inc.’s common stockholders | $ | 16,673 | $ | 70,802 | $ | 92,743 | $ | 146,232 | ||||||||||||||||||
| Net income per common share: | ||||||||||||||||||||||||||
| Basic | $ | 0.09 | $ | 0.63 | $ | 0.48 | $ | 1.15 | ||||||||||||||||||
| Diluted | $ | 0.09 | $ | 0.62 | $ | 0.47 | $ | 1.13 | ||||||||||||||||||
| Shares used in computing net income per common share: | ||||||||||||||||||||||||||
| Basic | 60,916,714 | 64,030,322 | 61,353,699 | 63,884,710 | ||||||||||||||||||||||
| Diluted | 61,446,374 | 64,870,358 | 62,030,514 | 64,808,817 | ||||||||||||||||||||||
5
EVERTEC, Inc.
Schedule 2: Unaudited Condensed Consolidated Balance Sheets
| (Dollar amounts in thousands, except share data) | June 30, 2026 | December 31, 2025 | ||||||||||||
| Assets | ||||||||||||||
| Current Assets: | ||||||||||||||
| Cash and cash equivalents | $ | 260,659 | $ | 305,993 | ||||||||||
| Restricted cash | 29,737 | 25,838 | ||||||||||||
| Accounts receivable, net | 182,619 | 164,381 | ||||||||||||
| Settlement assets | 28,072 | 26,098 | ||||||||||||
| Prepaid expenses and other assets | 85,056 | 68,462 | ||||||||||||
| Total current assets | 586,143 | 590,772 | ||||||||||||
| Debt securities available-for-sale, at fair value | 4,236 | 3,202 | ||||||||||||
| Equity securities, at fair value | 6,144 | 5,849 | ||||||||||||
| Investments in equity investees | 18,452 | 30,120 | ||||||||||||
| Property and equipment, net | 66,297 | 64,354 | ||||||||||||
| Operating lease right-of-use asset | 36,584 | 38,218 | ||||||||||||
| Goodwill | 1,070,494 | 891,992 | ||||||||||||
| Other intangible assets, net | 610,782 | 553,082 | ||||||||||||
| Deferred tax asset | 47,427 | 45,386 | ||||||||||||
| Derivative asset | 1,990 | — | ||||||||||||
| Other long-term assets | 31,069 | 20,321 | ||||||||||||
| Total assets | $ | 2,479,618 | $ | 2,243,296 | ||||||||||
| Liabilities and stockholders’ equity | ||||||||||||||
| Current Liabilities: | ||||||||||||||
| Accrued liabilities | $ | 143,021 | $ | 125,575 | ||||||||||
| Accounts payable | 58,094 | 63,726 | ||||||||||||
| Contract liability | 32,770 | 26,573 | ||||||||||||
| Income tax payable | 11,446 | 3,218 | ||||||||||||
| Current portion of long-term debt | 29,834 | 23,867 | ||||||||||||
| Short-term borrowings | 35,000 | 10,000 | ||||||||||||
| Current portion of operating lease liability | 5,791 | 5,878 | ||||||||||||
| Settlement liabilities | 28,343 | 26,202 | ||||||||||||
| Total current liabilities | 344,299 | 285,039 | ||||||||||||
| Long-term debt | 1,221,871 | 1,053,030 | ||||||||||||
| Deferred tax liability | 79,884 | 71,356 | ||||||||||||
| Contract liability - long term | 35,016 | 47,032 | ||||||||||||
| Operating lease liability - long-term | 31,822 | 33,305 | ||||||||||||
| Derivative liability | 843 | 5,225 | ||||||||||||
| Other long-term liabilities | 46,804 | 34,317 | ||||||||||||
| Total liabilities | 1,760,539 | 1,529,304 | ||||||||||||
| Redeemable non-controlling interests | 74,171 | 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; 59,752,542 shares issued and outstanding as of June 30, 2026 (December 31, 2025 - 61,756,639) | 597 | 618 | ||||||||||||
| Additional paid-in capital | — | — | ||||||||||||
| Accumulated earnings | 643,969 | 687,696 | ||||||||||||
| Accumulated other comprehensive loss, net of tax | (3,121) | (66,708) | ||||||||||||
| Total EVERTEC, Inc. stockholders’ equity | 641,445 | 621,606 | ||||||||||||
| Non-controlling interest | 3,463 | 3,231 | ||||||||||||
| Total equity | 644,908 | 624,837 | ||||||||||||
| Total liabilities and equity | $ | 2,479,618 | $ | 2,243,296 | ||||||||||
6
EVERTEC, Inc.
Schedule 3: Unaudited Condensed Consolidated Statements of Cash Flows
| Six Months Ended June 30, | ||||||||||||||
| (In thousands) | 2026 | 2025 | ||||||||||||
| Cash flows from operating activities | ||||||||||||||
| Net income | $ | 31,624 | $ | 74,064 | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||
| Depreciation and amortization | 77,254 | 56,782 | ||||||||||||
| Amortization of debt issue costs and accretion of discount | 2,559 | 2,246 | ||||||||||||
| Operating lease amortization | 2,957 | 3,522 | ||||||||||||
| Deferred tax benefit | (10,508) | (10,726) | ||||||||||||
| Share-based compensation | 15,736 | 14,548 | ||||||||||||
| Loss on impairment of investment in equity investee | 8,910 | — | ||||||||||||
| Earnings of equity investees | (2,588) | (2,944) | ||||||||||||
| Loss (gain) on foreign currency remeasurement | 4,424 | (515) | ||||||||||||
| Other, net | 3,010 | (1,398) | ||||||||||||
| (Increase) decrease in assets: | ||||||||||||||
| Accounts receivable, net | (18,696) | (15,616) | ||||||||||||
| Prepaid expenses and other assets | (2,562) | (4,574) | ||||||||||||
| Other long-term assets | (2,872) | 2,783 | ||||||||||||
| (Decrease) increase in liabilities: | ||||||||||||||
| Accrued liabilities and accounts payable | 2,805 | (22,304) | ||||||||||||
| Income tax payable | (9,905) | (3,531) | ||||||||||||
| Contract liability | (4,446) | (6,862) | ||||||||||||
| Operating lease liabilities | (4,384) | (3,788) | ||||||||||||
| Other long-term liabilities | (2,627) | 4,441 | ||||||||||||
| Total adjustments | 59,067 | 12,064 | ||||||||||||
| Net cash provided by operating activities | 90,691 | 86,128 | ||||||||||||
| Cash flows from investing activities | ||||||||||||||
| Additions to software and other intangible assets | (36,580) | (30,902) | ||||||||||||
| Property and equipment acquired | (11,256) | (11,404) | ||||||||||||
| Acquisition of available-for-sale debt securities | (928) | (561) | ||||||||||||
| Payments for non-compete agreements | (431) | (662) | ||||||||||||
| Proceeds from maturities of available-for-sale debt securities | — | 1,000 | ||||||||||||
| Acquisitions, net of cash acquired | (179,757) | — | ||||||||||||
| Other investing activities, net | 3 | (151) | ||||||||||||
| Net cash used in investing activities | (228,949) | (42,680) | ||||||||||||
| Cash flows from financing activities | ||||||||||||||
| Debt issuance costs | (1,276) | — | ||||||||||||
| Acquisition of redeemable non-controlling interests | (23,098) | (5,167) | ||||||||||||
| Withholding taxes paid on share-based compensation | (7,385) | (8,918) | ||||||||||||
| Proceeds from issuance of long term debt | 184,538 | — | ||||||||||||
| Net increase in Revolving Facility | 25,000 | — | ||||||||||||
| Dividends paid to noncontrolling interest holders | (5,989) | (1,249) | ||||||||||||
| Dividends paid | (6,119) | (6,383) | ||||||||||||
| Repurchase of common stock | (67,049) | (3,691) | ||||||||||||
| Repayment of long-term debt | (11,933) | (11,933) | ||||||||||||
| Settlement activity, net | (2,498) | 2,209 | ||||||||||||
| Other financing activities, net | (6,429) | (5,193) | ||||||||||||
| Net cash provided by (used in) financing activities | 77,762 | (40,325) | ||||||||||||
| Effect of foreign exchange rate on cash, cash equivalents and restricted cash | 16,563 | 15,205 | ||||||||||||
| Net (decrease) increase in cash, cash equivalents, restricted cash and cash included in settlement assets | (43,933) | 18,328 | ||||||||||||
| Cash, cash equivalents, restricted cash and cash included in settlement assets at the beginning of the period | 348,129 | 314,649 | ||||||||||||
| Cash, cash equivalents, restricted cash, and cash included in settlement assets at end of the period | $ | 304,196 | $ | 332,977 | ||||||||||
| Cash and cash equivalents | 260,659 | 290,578 | ||||||||||||
| Restricted cash | 29,737 | 23,780 | ||||||||||||
| Cash and cash equivalents included in settlement assets | 13,800 | 18,619 | ||||||||||||
| Cash, cash equivalents, restricted cash and cash included in settlement assets | $ | 304,196 | $ | 332,977 | ||||||||||
7
EVERTEC, Inc.
Schedule 4: Unaudited Segment Information
| Three Months Ended June 30, 2026 | |||||||||||||||||||||||||||||||||||||||||
| (In thousands) | Payment Services - Puerto Rico & Caribbean | Latin America Payments and Solutions | Merchant Acquiring, net | Business Solutions | Total Reportable Segments | Corporate and Other (1) | Total | ||||||||||||||||||||||||||||||||||
| Revenues | $ | 60,869 | $ | 130,873 | $ | 52,301 | $ | 58,825 | $ | 302,868 | $ | (28,048) | $ | 274,820 | |||||||||||||||||||||||||||
| Adjusted EBITDA | $ | 36,894 | $ | 39,656 | $ | 21,805 | $ | 22,556 | $ | 120,911 | $ | (11,576) | $ | 109,335 | |||||||||||||||||||||||||||
(1)Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $16.1 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $7.9 million from Latin America Payments and Solutions to both Payment Services- Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $4.0 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions.
| Three Months Ended June 30, 2025 | |||||||||||||||||||||||||||||||||||||||||
| (In thousands) | Payment Services - Puerto Rico & Caribbean | Latin America Payments and Solutions | Merchant Acquiring, net | Business Solutions | Total Reportable Segments | Corporate and Other (1) | Total | ||||||||||||||||||||||||||||||||||
| Revenues | $ | 56,421 | $ | 86,055 | $ | 47,292 | $ | 64,519 | $ | 254,287 | $ | (24,680) | $ | 229,607 | |||||||||||||||||||||||||||
| Adjusted EBITDA | $ | 33,028 | $ | 23,350 | $ | 20,002 | $ | 26,032 | $ | 102,412 | $ | (9,847) | $ | 92,565 | |||||||||||||||||||||||||||
(1)Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $14.8 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $6.4 million from Latin America Payments and Solutions to both Payment Services - Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $3.5 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions.
| Six Months Ended June 30, 2026 | |||||||||||||||||||||||||||||||||||||||||
| (In thousands) | Payment Services - Puerto Rico & Caribbean | Latin America Payments and Solutions | Merchant Acquiring, net | Business Solutions | Total Reportable Segments | Corporate and Other (1) | Total | ||||||||||||||||||||||||||||||||||
| Revenues | $ | 119,314 | $ | 241,203 | $ | 100,706 | $ | 118,363 | $ | 579,586 | $ | (56,843) | $ | 522,743 | |||||||||||||||||||||||||||
| Adjusted EBITDA | $ | 71,634 | $ | 72,456 | $ | 41,323 | $ | 44,193 | $ | 229,605 | $ | (23,224) | $ | 206,381 | |||||||||||||||||||||||||||
(1)Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $31.8 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $16.2 million from Latin America Payments and Solutions to both Payment Services - Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $8.9 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions.
8
| Six months ended June 30, 2025 | |||||||||||||||||||||||||||||||||||||||||
| (In thousands) | Payment Services - Puerto Rico & Caribbean | Latin America Payments and Solutions | Merchant Acquiring, net | Business Solutions | Total Reportable Segments | Corporate and Other (1) | Total | ||||||||||||||||||||||||||||||||||
| Revenues | $ | 111,578 | $ | 169,830 | $ | 94,941 | $ | 130,083 | $ | 506,432 | $ | (48,033) | $ | 458,399 | |||||||||||||||||||||||||||
| Adjusted EBITDA | $ | 64,466 | $ | 48,245 | $ | 40,361 | $ | 48,243 | $ | 201,315 | $ | (19,312) | $ | 182,003 | |||||||||||||||||||||||||||
(1)Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $29.2 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $11.9 million from Latin America Payments and Solutions to both Payment Services - Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $7.0 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 June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||
| (Dollar amounts in thousands, except share data) | 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||||
| Revenue | $ | 274,820 | $ | 229,607 | $ | 522,743 | $ | 458,399 | ||||||||||||||||||
Currency Adjustment - Constant (1) | (9,075) | — | (15,831) | — | ||||||||||||||||||||||
| Constant Currency Revenue | $ | 265,745 | $ | 229,607 | $ | 506,912 | $ | 458,399 | ||||||||||||||||||
| Net income | $ | 6,877 | $ | 40,973 | $ | 31,624 | $ | 74,064 | ||||||||||||||||||
| Income tax expense | 20,274 | 4,070 | 24,506 | 8,206 | ||||||||||||||||||||||
| Interest expense, net | 16,537 | 13,640 | 30,034 | 27,377 | ||||||||||||||||||||||
| Depreciation and amortization | 39,991 | 28,309 | 77,254 | 56,782 | ||||||||||||||||||||||
| EBITDA | 83,679 | 86,992 | 163,418 | 166,429 | ||||||||||||||||||||||
Equity income (2) | 7,768 | (867) | 6,322 | (2,944) | ||||||||||||||||||||||
Compensation and benefits (3) | 9,481 | 7,974 | 22,779 | 19,594 | ||||||||||||||||||||||
Transaction, refinancing and other fees (4) | 7,709 | (186) | 9,438 | (560) | ||||||||||||||||||||||
Loss on foreign currency remeasurement (5) | 698 | (1,348) | 4,424 | (515) | ||||||||||||||||||||||
| Adjusted EBITDA | 109,335 | 92,565 | 206,381 | 182,004 | ||||||||||||||||||||||
Operating depreciation and amortization (6) | (19,991) | (16,904) | (38,895) | (33,524) | ||||||||||||||||||||||
Cash interest expense, net (7) | (14,881) | (13,031) | (27,098) | (25,995) | ||||||||||||||||||||||
Income tax expense (8) | (6,834) | (4,446) | (13,998) | (7,643) | ||||||||||||||||||||||
Non-controlling interest (9) | (2,874) | (519) | (5,586) | (917) | ||||||||||||||||||||||
| Adjusted Net Income | $ | 64,755 | $ | 57,665 | $ | 120,804 | $ | 113,925 | ||||||||||||||||||
| Net income per common share (GAAP): | ||||||||||||||||||||||||||
| Diluted | $ | 0.09 | $ | 0.62 | $ | 0.47 | $ | 1.13 | ||||||||||||||||||
| Adjusted earnings per common share (Non-GAAP): | ||||||||||||||||||||||||||
| Diluted | $ | 1.05 | $ | 0.89 | $ | 1.95 | $ | 1.76 | ||||||||||||||||||
| Shares used in computing adjusted earnings per common share: | ||||||||||||||||||||||||||
| Diluted | 61,446,374 | 64,870,358 | 62,030,514 | 64,808,817 | ||||||||||||||||||||||
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 2026 | 2025 | |||||||||||||||||||||||||
| (Dollar amounts in millions, except per share data) | Low | High | ||||||||||||||||||||||||
| Revenues (GAAP) | $ | 1,085 | to | $ | 1,095 | $ | 932 | |||||||||||||||||||
Currency adjustment - constant (1) | (18) | (18) | ||||||||||||||||||||||||
| Constant currency revenues (Non-GAAP) | 1,067 | 1,077 | ||||||||||||||||||||||||
| Earnings per Share (EPS) (GAAP) | $ | 1.61 | to | $ | 1.73 | $ | 2.20 | |||||||||||||||||||
| Per share adjustment to reconcile GAAP EPS to Non-GAAP Adjusted EPS: | ||||||||||||||||||||||||||
Share-based comp, non-cash equity earnings and other (2) | 0.93 | 0.93 | 0.70 | |||||||||||||||||||||||
Merger and acquisition related depreciation and amortization (3) | 1.40 | 1.40 | 0.83 | |||||||||||||||||||||||
Non-cash interest expense (4) | 0.10 | 0.10 | 0.04 | |||||||||||||||||||||||
Tax effect of non-gaap adjustments (5) | (0.03) | (0.05) | (0.10) | |||||||||||||||||||||||
Non-controlling interest (6) | (0.07) | (0.07) | (0.05) | |||||||||||||||||||||||
| Total adjustments | 2.33 | 2.31 | 1.42 | |||||||||||||||||||||||
| Adjusted EPS (Non-GAAP) | $ | 3.94 | to | $ | 4.04 | $ | 3.62 | |||||||||||||||||||
Currency adjustment - constant (1) | (0.06) | (0.06) | ||||||||||||||||||||||||
| Constant Currency Adjusted EPS (Non-GAAP) | $ | 3.88 | $ | 3.98 | ||||||||||||||||||||||
| Shares used in computing adjusted earnings per common share | 61.6 | 61.6 | 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 11% to 12%) 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