EVERTEC Reports 8% Revenue Growth to $228.6 Million in Q3 2025

EVERTEC, Inc. reported a notable increase in financial performance for the third quarter of 2025, with revenues reaching $228.6 million, an 8% rise from $211.8 million in the same period last year. The company's net income also saw a significant increase, totaling $33.5 million compared to $25.2 million in the prior year, resulting in a diluted earnings per share of $0.51, up from $0.38. For the nine months ending September 30, 2025, total revenues amounted to $687.0 million, reflecting a 9% increase from $629.1 million in the previous year, driven by organic growth across all segments and contributions from recent acquisitions.

Operating costs for the third quarter increased to $190.9 million, a 12% rise compared to $170.3 million in the prior year, primarily due to higher costs associated with software maintenance, cloud services, and personnel expenses linked to recent acquisitions. The cost of revenues, excluding depreciation and amortization, rose by 22% to $124.7 million, largely due to accruals related to potential contractual claims from a recent incident in Brazil. Despite these increases, the company reported an operating income of $37.7 million, although this represented a 9% decline from the previous year's $41.5 million.

Strategically, EVERTEC has been active in expanding its service offerings and geographic reach. The company completed two acquisitions in late 2024, acquiring Grandata, a data analytics firm, and Nubity, a cloud services provider, which are expected to enhance its product offerings. Additionally, on October 1, 2025, EVERTEC Brasil completed the acquisition of Tecnobank, a fintech vendor in Brazil, for approximately $148 million. These acquisitions are part of the company's strategy to strengthen its position in the Latin American market and diversify its service portfolio.

Operationally, EVERTEC reported a customer base that continues to grow, with significant transaction volumes processed through its platforms. The company operates in 26 countries and has seen increased engagement in its digital payment solutions, including the ATH network and its e-commerce platform, Placetopay. The company’s workforce has also expanded, reflecting its growth strategy and the integration of new acquisitions. As of September 30, 2025, EVERTEC had cash and cash equivalents of $474.7 million, a substantial increase from $273.6 million at the end of 2024, providing a solid liquidity position to support ongoing operations and future investments.

Looking ahead, EVERTEC remains optimistic about its growth trajectory, driven by the ongoing shift towards electronic payments in Latin America and the Caribbean. The company anticipates continued organic growth, bolstered by its recent acquisitions and the increasing demand for digital payment solutions. However, it acknowledges potential risks, including economic fluctuations and regulatory changes in the regions it operates. The company plans to maintain its focus on enhancing its service offerings and expanding its market presence while managing operational costs effectively.