Evertec Inc

evertecinc.com

What Do They Do?

Processes electronic payments and sells merchant acquiring and business technology services to financial institutions, merchants and public- and private-sector organizations across Latin America, Puerto Rico and the Caribbean.

How Do They Make Money?

Most revenue comes from recurring transaction and processing services: customers pay over time as services are delivered, often under multi-year contracts. The company also sells project consulting and one-time software licenses.

revenue

Segment	Share	How money arrives
Payment Services - Puerto Rico & Caribbean Usage-based	24% FY2022: 29%	Usage-based
Latin America Payments and Solutions	40% FY2022: 21%
Merchant Acquiring, net Recurring	20% FY2022: 24%	Recurring
Business Solutions Mix	27% FY2022: 38%	Mix

Who Are Their Customers?

Financial institutions, merchants, corporations and government agencies buy payment, acquiring and business technology services. EVERTEC sells primarily through its direct sales force, while Banco Popular refers merchants.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2023: 35% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 15 cents of every revenue dollar as net income in FY2025 and turned 22 cents into free cash flow.

Operating income, FY2025

20% of revenue

▲ +13% vs FY2024 ($165.7M, 20%)

Net income, FY2025

15% of revenue

▲ +26% vs FY2024 ($112.6M, 13%)

Free cash flow, FY2025

22% of revenue

▼ −13% vs FY2024 ($234.7M, 28%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +20%; vs $229.6M in Q2 FY2025
Net income: ▼ −87%; vs $40.5M in Q2 FY2025

Latin America Payments and Solutions share of revenue vs 37.5% in Q2 FY2025

Aug 4, 2026 Raised full-year revenue and adjusted earnings outlook The company raised its full-year revenue and adjusted earnings-per-share outlook.
Apr 30, 2026 Completed acquisition of Brazilian financial technology provider Dimensa Completed the purchase of all of Dimensa, a business-to-business technology provider serving financial institutions in Brazil.

Growing. Revenue grew 58% in 4 years, from $589.8M in FY2021 to $931.8M in FY2025, about 12% a year.

PIX connectivity Adds multiple channels to connect to Brazil’s PIX instant-transfer system alongside its digital payment products.

Revenue over time

Payment Services - Puerto Rico & Caribbean Latin America Payments and Solutions Merchant Acquiring, net Business Solutions

$1B$500M$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Galileo Financial Technologies, Marqeta, Fidelity National Information Services, Fiserv, Total System Services, MasterCard, Visa, American Express, Discover, Global Payments, dLocal, PayPal Holdings, Elavon, Block, Jack Henry & Associates, CGI, HCL Technologies, Totvs, Stefanini, and Tecnocom Telecomunicaciones y Energía

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