Evertec (EVTC) FY2025 results: revenue $932 million, up 10.2% on the year
Evertec, Inc. (EVTC) reported revenue of $932 million for fiscal 2025, the year ended 31 December 2025, up 10.2% on the year before. Net income was $142 million, up 25.7%, and diluted earnings per share $2.20. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2026.
Revenue
$932 million
+10.2% on the year
FY2018FY2025
Operating margin
20.0%
19.6% a year earlier
FY2018FY2025
Net income
$142 million
+25.7% on the year
FY2018FY2025
Diluted EPS
$2.20
+27.2% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 1 raised.
Fourth-quarter revenue rose 13.1%: Revenue was $244.8 million, up 13.1% from $216.4 million. Constant currency revenue was $241.1 million, up 11.4%. Growth came from organic gains in most segments and from acquisitions.
Fourth-quarter net income fell 11.2%: GAAP net income attributable to common shareholders was $35.6 million, or $0.56 per diluted share, down from $40.1 million, or $0.62, a year earlier.
Adjusted EBITDA rose on tax credit gain: Fourth-quarter Adjusted EBITDA was $98.8 million, up $10.2 million. Revenue growth and a gain on research and development tax credits recognized in the quarter drove the increase.
Latin America revenue rose on Brazil: Latin America segment revenue was $109.3 million in the quarter, up from $77.9 million. Brazil, organic growth across the region and the Tecnobank contribution drove it.
Business Solutions fell in the quarter: Business Solutions revenue fell in the quarter because of the 10% discount to Popular that took effect in the fourth quarter of 2025.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
227
260
211
-12.7%
Capital expenditure
23.3
25.4
21.5
-8.1%
Free cash flow
204
235
190
-13.2%
Free cash flow margin
21.9%
27.8%
27.3%
Cash from investing
-238
-118
-508
Cash from financing
28.4
-153
416
Depreciation and amortisation
22.3
22.3
21.6
0.0%
Share-based compensation
29.6
30.3
25.7
-2.3%
Buybacks
69.3
82.3
36.1
-15.8%
Dividends paid
12.8
12.9
13.0
-0.7%
Dividend per share
$0.20
$0.20
$0.20
0.0%
Diluted shares, weighted
64m
65m
66m
-1.0%
Shares outstanding at period end
62m
64m
65m
-2.9%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
622
473
594
+31.6%
Non-controlling interest
3.2
3.3
4.1
-1.4%
Redeemable equity
89.2
43.5
37.0
+105.1%
Debt
1,099
965
998
+13.8%
Operating lease liabilities
33.3
4.9
9.0
+576.4%
Other liabilities
397
368
418
+7.9%
Total liabilities and equity
2,243
1,858
2,060
+20.8%
Fixed assets
64.4
62.1
62.5
+3.7%
Goodwill
892
727
792
+22.7%
Intangible assets
553
431
518
+28.4%
Securities held for sale or to maturity
3.2
1.8
2.1
+77.2%
Cash and equivalents
306
274
296
+11.8%
Receivables
164
138
127
+19.5%
Other assets
260
225
264
+15.8%
Total assets
2,243
1,858
2,060
+20.8%
10-K for the year ended 31 December 2025, filed 2 March 2026: the filing.