EVTC earnings analysis
What we found in EVTC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Evertec reported Q1 2026 results with revenues of $247.9 million, an 8% increase year-over-year, but slightly below analysts' expectations. The diluted EPS came in at $0.90, surpassing estimates of $0.89, while gross margin declined to 51.2%. Management highlighted organic growth across all segments and the impact of recent acquisitions as significant contributors to revenue growth, although business solutions showed a decline due to a pricing change.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Solid Revenue Growth YoY
- Q1 2026 revenue increased by 8% YoY to $247.9 million, up from $228.8 million in Q1 2025.
- EPS Beat Consensus
- Diluted EPS for Q1 2026 was $0.90, exceeding the estimated $0.89.
- Segment Growth in Key Areas
- Latin America Payments revenue surged by $26.6 million YoY to $110.3 million, driven by the Tecnobank acquisition.
- Improvement in Business Solutions Margins
- Business Solutions segment EBITDA margin increased to 36.3%, up from 33.9% in the prior year.
- Increased Operating Costs
- Total operating costs rose to $203.4 million, compared to $179.3 million in the same period in 2025.
- Cash Flow Health
- Operating cash flow stood at $31.2 million, although down from $37.6 million in the prior year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Declining Business Solutions Revenue
- Business Solutions revenue decreased by $6.0 million year-over-year to $59.5 million due to a revised discount structure.
- Rising Operating Expenses
- Operating expenses increased by 13% YoY, impacting the overall bottom line.
- Foreign Currency Remeasurement Losses
- Foreign currency losses worsened to $3.7 million from $0.8 million due to volatility in exchange rates.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.9
- Gross margin
- 51.2%
- Operating margin
- 17.9%
- Segment
- Payment Services - Puerto Rico & Caribbean
- Segment
- Latin America Payments and Solutions
- Segment
- Merchant Acquiring
- Segment
- Business Solutions
What they said about what is next.
Management raised guidance for full-year revenue and EPS, anticipating growth driven by strategic acquisitions and regional demand.
The filing reads about the same as the one before it.
What came before.
- 10-K · March 2, 2026
- Evertec delivered mid‑single‑digit top‑line growth in 2025 (quarterly revenue run‑rate totals $939.0M) while executing on inorganic expansion in Brazil (completed purchase of 75% of Tecnobank on October 1, 2025). The…
- 10-Q · July 31, 2025
- EVERTEC reported Q2 2025 revenues of $229,607 and diluted EPS of $0.62, up from $211,978 and $0.49 in Q2 2024. Income from operations rose to $56,134 from $43,360 year-over-year, driving improved operating margin…
- 10-Q · November 8, 2024
- EVERTEC reported Q3 revenue of $211,795,000 and diluted EPS of $0.38 for the quarter ended September 30, 2024. Revenue rose vs. Q3 2023 ($173,198,000) and net income attributable to common stockholders increased to…
- 10-Q · August 1, 2024
- Evertec reported Q2 revenue of $211,978,000 and diluted EPS of $0.49 for the three months ended June 30, 2024, with operating income rising to $43,360,000. Revenue and operating income increased versus the year-ago…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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