Evertec Raises 2026 Outlook After Third-Quarter Revenue Jump

The Tip Desk · November 10, 2026 · 3 min read

Revenue reached $283.0 million, up 24%, and the company now expects full-year revenue of $1,088 million to $1,096 million.

EVERTEC, Inc. (EVTC), a full-service transaction processing and financial technology provider in Latin America and the Caribbean, reported third-quarter revenue of $283.0 million, up 24% from $228.6 million a year earlier, and raised its full-year 2026 revenue and adjusted earnings outlook.

Constant-currency revenue was $277.0 million, or 21% growth, after a $6 million foreign-currency benefit. The company said the increase came from acquisitions completed in the current and prior year, organic growth across most segments, and favorable currency.

GAAP net income attributable to common shareholders was $29.9 million, or $0.49 a share, compared with $32.9 million, or $0.51 a share, a year earlier. The company said the year-over-year change primarily reflected a $6 million net gain from R&D tax credits in the prior-year period with no comparable gain this quarter, higher interest expense from higher rates and acquisition-related debt, and higher income tax expense, including a greater contribution from Latin American jurisdictions with higher statutory rates.

Adjusted EBITDA rose 19% to $110.5 million. Adjusted earnings per common share increased 16% to $1.07 from $0.92, which the company attributed to higher adjusted net income and a lower share count from repurchases in the current and prior year. Adjusted EBITDA margin was 39.0%, versus 40.5% a year earlier; the company said the decline primarily reflects the increasing weight of Latin America and that region’s different margin profile.

Latin America revenue increased on recent acquisitions, continued organic growth, and the $6 million currency benefit. Payment Services revenue rose on higher POS transactions and growth in ATH Movil, primarily in ATH Business. Merchant acquiring revenue increased on higher sales volume and higher non-transactional revenue. Business Solutions revenue contracted, primarily reflecting a 10% discount to Popular that took effect in the fourth quarter of 2025.

Reportable-segment revenue in the quarter was $143.6 million for Latin America Payments and Solutions, $60.1 million for Payment Services – Puerto Rico & Caribbean, $58.6 million for Business Solutions, and $51.0 million for Merchant Acquiring, net, before $30.3 million of corporate eliminations. Latin America Adjusted EBITDA was $43.2 million.

The company completed the acquisition of BBChain, expanding capabilities in blockchain, tokenization, and digital asset technology infrastructure. On July 31, 2026, the board increased the share-repurchase authorization to an aggregate $150 million, keeping the December 31, 2027 expiration. In the three months ended September 30, Evertec repurchased 500,946 shares at an average $30.78 a share for $15.4 million. About $135 million remained available at quarter-end. The company returned $18.4 million to shareholders through repurchases and dividends in the quarter.

Evertec now expects 2026 revenue of $1,088 million to $1,096 million, growth of approximately 16.7% to 17.6%, up from a previous expectation of 16.4% to 17.5%. Constant-currency growth is expected at 14.5% to 15.4%. Adjusted earnings per common share are now expected at $4.00 to $4.08, growth of approximately 10.5% to 12.7%, versus a prior range of 8.8% to 13.8%. Constant-currency adjusted EPS growth is expected at 9.4% to 11.6%. Adjusted EBITDA margin is expected at approximately 39.5%, or 40% on a constant-currency basis. Capital expenditures are expected at approximately $95 million, and the adjusted effective tax rate at approximately 10% to 11%.

President and CEO Mac Schuessler said the company’s transformation is translating into strong results and that third-quarter performance and the updated outlook reflect momentum across the business.