EVERTEC, Inc. reported fourth‑quarter 2025 revenue of $244.8 million, a 13.1% increase from the same period a year earlier, and constant‑currency revenue of $241.1 million, up 11.4%. GAAP net income attributable to common shareholders was $35.6 million, down 11.2% from the prior year quarter, while adjusted EBITDA rose to $98.8 million, an 11.5% increase, and adjusted net income reached $59.5 million, up 6.9% YoY. Adjusted earnings per share were $0.93, beating the consensus estimate of $0.91 by $0.02, a 2.5% beat.
The company’s Latin America Payments and Solutions segment grew 22% in full‑year 2025, driven by a full‑quarter contribution from Tecnobank and strong demand across the region. Merchant Acquiring revenue increased 5%, and Payment Services Puerto Rico and Caribbean grew 3%. The Business Solutions segment was impacted by a 10% discount to Popular, which reduced revenue in that line of business.
Adjusted EBITDA margin contracted from 40.9% to 40.3%, a 50‑basis‑point decline. Management attributed the compression to a shift toward the lower‑margin Latin America segment, higher processing costs in Merchant Acquiring, and increased cloud and POS repair expenses in Payment Services Puerto Rico and Caribbean. Higher depreciation, amortization, and personnel costs associated with recent acquisitions also weighed on GAAP net income.
For 2026, EVERTEC reaffirmed full‑year revenue guidance of $1.024 billion to $1.036 billion, representing 10.2% to 10.9% year‑over‑year growth, and raised its share‑repurchase authorization to $150 million, extending the program through December 31, 2027. The upgrade signals management’s confidence in continued cash‑flow strength and a commitment to returning value to shareholders.
"I'm pleased to announce a strong finish to 2025 for EVERTEC, delivering another year of record revenue with solid execution across our core markets," said CEO Morgan M. Schuessler. "We closed the year with strong results, exceeding expectations across our core financial metrics and demonstrating the strength of our diversified business model. Our performance was driven by a consistent execution across segments, disciplined cost management, and the ongoing contributions from strategic acquisitions. As we moved forward, we remain focused on delivering value to our clients," he added. CFO Karla Cruz‑Jusino noted, "Total revenue for the quarter was $244.8 million, an increase of approximately 13% compared to the prior year driven by a strong demand in core segments, including a full quarter contribution from Tecnobank."
Investors reacted to the results with a focus on the robust guidance and the company’s continued expansion in Latin America, while noting the margin compression and the impact of the Popular discount on Business Solutions. The mixed market response reflects confidence in the company’s growth strategy balanced against short‑term headwinds in certain segments.
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