EVERTEC (EVTC) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue grew 20% year-over-year to $274.8M, driven by organic growth, acquisitions (Dimensa, BBChain, Tecnobank), and favorable FX, with strong performance in Merchant Acquiring and Latin America segments.

• Adjusted EBITDA rose 18% to $109.3M, and Adjusted EPS increased 18% to $1.05, reflecting operational strength despite higher costs and non-recurring charges.

• Net income attributable to common stockholders was $5.4M, down from $40.5M, due to higher operating and non-operating expenses, impairment charges, and increased interest expense.

• Strategic wins included multi-year agreements with Transbank (Chile) and Clip (Mexico), and expansion in Brazil through BBChain and Tecnobank acquisitions.

• $50.1M returned to shareholders via repurchases and dividends, with share repurchase authorization increased to $150M.

Financial highlights

• Q2 2026 revenue: $274.8M (+20% YoY, 16% constant currency); Adjusted EBITDA: $109.3M (+18%), margin 39.8%; Adjusted EPS: $1.05 (+18%).

• GAAP net income: $5.4M ($0.09 per diluted share), down from $40.5M ($0.62), due to non-recurring items and higher costs.

• Adjusted net income: $64.8M, up from $57.7M YoY.

• Cash and cash equivalents at June 30, 2026: $260.7M; liquidity at $420M.

• Net cash from operations: $91M for Q2; $90.7M for first half; net debt to EBITDA: 2.55x.

Outlook and guidance

• 2026 revenue guidance raised to $1,085M–$1,095M (16.4%–17.5% growth); Adjusted EPS guidance: $3.94–$4.04 (8.8%–11.7% growth); Adjusted EBITDA margin expected at 39%–40%.

• Effective tax rate expected at 11%–12%; capex at $90M.

• Merchant Acquiring: high single-digit growth; Latin America Payments: low 40s% reported, mid-high 30s% constant currency.

• Board declared a regular quarterly dividend of $0.05 per share.

• Management expects continued growth from digital payment adoption and Latin America expansion.