EVERTEC (EVTC) Q4 2025 earnings summary

Executive summary

• Achieved record revenue of $931.8 million in 2025, up 10% year-over-year, driven by organic growth, acquisitions, and strong execution across all segments and geographies.

• Adjusted EBITDA reached $373.4 million, up 10% year-over-year, with a margin of 40.1%.

• Adjusted EPS grew 10% to $3.62 for the year; Q4 adjusted EPS was $0.93, up 7%.

• Returned $82 million to shareholders via repurchases and dividends; share repurchase program increased to $150 million and extended to 2027.

• Embedded AI across products, driving operational efficiencies and innovation in risk management and credit scoring.

Financial highlights

• Q4 2025 revenue was $244.8 million, up 13% year-over-year; full-year revenue reached $931.8 million, up 10%.

• Q4 adjusted EBITDA was $98.8 million, up 11% year-over-year; full-year adjusted EBITDA was $373.4 million, up 10%.

• Adjusted net income for 2025 was $233.2 million, up 9% year-over-year; full-year GAAP net income was $141.6 million, up 25.7%.

• Operating cash flow for 2025 was $227 million; liquidity at year-end was $490.4 million.

• Ending cash balance was $306 million; net debt to adjusted EBITDA at 2.08x.

Outlook and guidance

• 2026 revenue expected at $1.024–$1.036 billion, up 9.9%–11.2% year-over-year.

• Adjusted EPS projected at $3.84–$3.96, up 6.1%–9.4%; adjusted EBITDA margin expected at 39.5%–40.5%.

• Capital expenditures projected at $90 million; tax rate assumption for 2026 is 11–12%.

• Merchant Acquiring and Puerto Rico segments forecast mid-single-digit growth; Latin America segment expected to grow in the mid-20s%.

• 2026 guidance excludes Dimensa acquisition impact.