EVERTEC (EVTC) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue grew 8% year-over-year to $247.9 million, driven by organic growth and contributions from the Tecnobank and Dimensa acquisitions.

• Adjusted EBITDA increased 9% to $97.0 million, with a margin of 39.1%.

• Adjusted EPS rose 3% to $0.90, supported by share repurchases and disciplined cost management.

• GAAP net income attributable to common shareholders declined 27% to $23.8 million, reflecting higher operating and non-operating expenses.

• Closed the Dimensa acquisition, expanding presence in Brazil and entering new verticals such as insurance and risk.

Financial highlights

• Q1 2026 revenue was $247.9 million, up from $228.8 million year-over-year; constant currency growth was 5%.

• Adjusted EBITDA reached $97.0 million, up from $89.4 million; margin steady at 39.1%.

• Adjusted net income was $56.0 million, stable year-over-year despite a higher effective tax rate.

• Net cash from operating activities was $31.2 million, down from $37.6 million in Q1 2025.

• Cash and cash equivalents at March 31, 2026 were $290.9 million; total liquidity $460.3 million.

Outlook and guidance

• 2026 reported revenue expected between $1.073 billion and $1.085 billion, up 15.1%–16.4% year-over-year.

• Constant currency revenue growth forecasted at 13.8%–15%.

• Adjusted EPS projected at $3.86–$3.98, up 6.6%–9.9% year-over-year.

• Adjusted EBITDA margin expected at 39%–40%; effective tax rate at 11%–12%.

• Capital expenditures projected at $90 million for 2026.