EVERTEC, Inc. reported a total revenue of $931.8 million for the fiscal year ending December 31, 2025, marking a 10% increase from $845.5 million in 2024. This growth was attributed to organic expansion across all segments and contributions from recent acquisitions, particularly in the merchant acquiring and payment services sectors. The company’s income from operations also rose to $186.4 million, a 13% increase compared to the previous year, driven by higher sales volumes and improved margins.
The company experienced a 15% rise in the cost of revenues, which totaled $469.1 million, primarily due to increased personnel costs and expenses related to contractual claims from a significant incident in Brazil involving the Pix payment system. Selling, general, and administrative expenses increased by 6% to $154.2 million, reflecting higher personnel costs and cloud service expenses. Despite these increases, depreciation and amortization expenses decreased by 5% to $122.1 million, as some intangible assets became fully amortized.
Strategically, EVERTEC completed the acquisition of a 75% stake in Tecnobank, a Brazilian fintech specializing in digital vehicle financing, on October 1, 2025. This acquisition is expected to enhance the company’s product offerings and leverage its existing client base for accelerated growth. The company also continued to focus on expanding its digital payment solutions, including enhancements to its ATH Movil and Placetopay platforms, in response to the growing demand for cashless transactions.
As of December 31, 2025, EVERTEC reported a total employee count of approximately 5,327, with a significant presence in Brazil, Puerto Rico, and other Latin American countries. The company’s operations are heavily concentrated in Puerto Rico, which accounted for 61% of its revenues, while the remaining 39% came from Latin America and the Caribbean. The company’s reliance on its relationship with Popular, Inc., which contributed approximately 29% of its revenue, remains a critical factor in its financial performance.
Looking ahead, EVERTEC anticipates continued growth driven by the ongoing shift towards digital payment methods and the expansion of its service offerings in Latin America. The company is focused on leveraging its diversified business model and technology investments to capture new market opportunities while navigating potential risks associated with economic conditions and regulatory changes in the regions it operates.
About EVERTEC, Inc.
EVERTEC is a leading provider of transaction processing and financial technology solutions in Latin America, Puerto Rico, and the Caribbean. It offers merchant acquiring, payment processing, core banking, and business solutions to financial institutions, merchants, and government agencies. The company owns the ATH debit network, processes over ten billion transactions annually, and focuses on digital payment innovation, recurring revenue models, and regional market leadership.
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