EVERTEC (EVTC) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue grew 8% year-over-year to $228.6 million, driven by organic growth and recent acquisitions, with adjusted EBITDA up 6% to $92.6 million and adjusted EPS up 7% to $0.92.

• Net income attributable to common stockholders increased 33% to $32.9 million, or $0.51 per diluted share.

• Leadership transitions included promotions to COO and CFO, ensuring continuity and enhanced oversight.

• Cybersecurity incident in Brazil's Pix system was contained, with most funds recovered and no impact on other products or geographies.

• Acquisition of 75% of Tecnobank in Brazil completed, expanding Latin American presence and fintech capabilities.

Financial highlights

• Q3 2025 revenue: $228.6 million (+8% YoY); adjusted EBITDA: $92.6 million (margin 40.5%); adjusted EPS: $0.92 (+7% YoY); operating cash flow for nine months: $157 million; liquidity at $518.6 million as of September 30.

• Adjusted net income: $59.8 million, up 8% year-over-year.

• Net income attributable to common stockholders for Q3 2025 was $32.9 million, up from $24.7 million in Q3 2024.

• Adjusted EBITDA margin for Q3 2025: 40.5%, down from 41.3% in Q3 2024.

• Cash and cash equivalents at quarter-end: $474.7 million.

Outlook and guidance

• 2025 revenue expected between $921 million and $927 million, representing 8.9%–9.6% growth; constant currency growth projected at 10%–11%.

• Adjusted EPS guidance raised to $3.56–$3.62 (8.5%–10.4% growth); adjusted EBITDA margin expected at 40.0%; tax rate assumption 6%–7%.

• Capital expenditures projected at $85 million.

• Segment guidance: mid-single-digit growth in merchant acquiring and Puerto Rico/Caribbean, high teens in LATAM, low single-digit in business solutions.

• 2026 outlook includes a $14 million headwind from a 10% discount to Popular, offset by CPI escalators and continued LATAM momentum.