Evertec Revenue Rises 24% on Latin America Growth
The payments company reported third-quarter results and raised its full-year 2026 revenue and earnings forecasts.
Updated on Nov. 5, 2026 in Corporate Finance
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Evertec reported third-quarter revenue of $283 million, up 24% from a year earlier, with growth of approximately 21% excluding currency fluctuations. The company also raised its full-year 2026 revenue and adjusted earnings forecasts.
Why it matters
The results reflect expansion in Latin America and the Caribbean, where payment services demand has been growing alongside acquisitions and point-of-sale transaction volume. Raised guidance signals management's expectation that this momentum will continue through the rest of the year.
Net income attributable to common shareholders fell 9% to $29.9 million, and diluted earnings per share were 49 cents versus 51 cents a year earlier. Adjusted earnings per common share rose 16% to $1.07, a figure the company reports on an adjusted basis.
The players
Evertec
Evertec is a Puerto Rico-headquartered payments and transaction processing company operating across Latin America and the Caribbean.
The details
Latin America revenue growth reflected the acquisitions of Brazil's Tecnobank and Dimensa alongside organic gains, while Puerto Rico and Caribbean payment services grew on higher point-of-sale transaction volume and ATH Móvil activity. Net income declined because a $6 million research and development tax credit recorded a year earlier did not recur, and higher interest and income tax expenses weighed further.
Timeline
Third quarter of 2026: Evertec reported revenue of $283 million and completed its acquisition of a 67% stake in Brazil's BBChain.
Full year 2026: The company raised its revenue forecast to $1.09 billion to $1.1 billion and its adjusted earnings forecast to $4.00 to $4.08 per share.
Market Landscape
Evertec's growth in Brazil through the Tecnobank, Dimensa and BBChain acquisitions reflects a broader push by regional payment processors to consolidate fragmented Latin American markets. The company's raised full-year forecast places it ahead of its prior guidance as it competes for transaction volume in the region.
Investors tracking Evertec's adjusted earnings can note the 16% rise in adjusted per-share income, while GAAP diluted earnings declined. The raised 2026 guidance may influence portfolio weighting for those holding payment processing equities.
The takeaway
Revenue growth and adjusted earnings can diverge from net income, so investors should review both GAAP and adjusted figures when assessing a company's quarterly performance. Raised guidance is a useful signal, but it should be compared against actual results in later quarters.
Further reading
Explore more Corporate Finance coverage to see how earnings and guidance shape company valuations.
Source note: This article includes information reported by News is My Business.
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