AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
EVERTEC's Q2 2026 revenue rose 20% to $274.8M, but operating income fell 5% to $53.3M as SG&A jumped 63%, with Dimensa and Tecnobank acquisitions and a 74.7% effective tax rate weighing on earnings.
Biggest Revenue Drivers
Latin America Payments and Solutions$122.9M+54% YoY
Contributions from recent acquisitions, continued organic growth across the region, and favorable foreign currency of $9.1M, primarily Brazil.
Merchant Acquiring, net$52.3M+11% YoY
Higher sales volume, higher non-transactional revenues and an improvement in spread.
Biggest Revenue Drivers
Total revenue: $274.8M+20% YoY
Latin America Payments and Solutions$122.9M+54% YoY
Contributions from recent acquisitions, continued organic growth across the region, and favorable foreign currency of $9.1M, primarily Brazil.
Merchant Acquiring, net$52.3M+11% YoY
Higher sales volume, higher non-transactional revenues and an improvement in spread.
Business Solutions$58.8M-9% YoY
Contracted mainly due to the 10% discount to Popular effective in Q4 2025.
Payment Services - Puerto Rico & Caribbean$40.7M+7% YoY
Higher POS transactions, growth in ATH Movil (primarily ATH Business) and a non-recurring volume-based benefit recognized during the quarter.
Largest Expense Items
Cost of revenues (exclusive of D&A)$124.2M+13% YoY
Driven by higher personnel costs and professional fees tied to acquisitions, as well as higher cloud expenses.
Selling, general and administrative expenses$57.3M+63% YoY
Mainly higher professional fees and personnel costs from acquisitions, higher equipment expenses and cybersecurity incident response and remediation costs.
Depreciation and amortization$40.0M+41% YoY
Primarily amortization of intangible assets recognized in recent acquisitions.
Margins: Income from operations declined 5% to $53.3M, with operating margin compressing as SG&A and D&A grew faster than revenue. Adjusted EBITDA for the quarter was $109.3M, and the effective tax rate reached 74.7%, driven by discrete items.
Watch Items from the Filing
Popular, Inc. represented approximately 24% of Q2 2026 revenues, down from 31% a year earlier, with a 10% discount on certain MSA services in effect since October 2025.
Data breach class actions filed June 12, 2026 in Puerto Rico federal and Superior courts over a cybersecurity incident involving customer data; the company calls the claims without merit.
Total debt rose to $1.29B at June 30, 2026 from $1.10B at year-end 2025, including a $185M Term B add-on to fund acquisitions; a 100bp rate increase would add about $7.5M annual interest expense.
An $8.9M impairment on an equity investee in the joint venture being exited, plus a valuation allowance on resulting capital losses, drove a 74.7% quarterly effective tax rate.
Board approved share repurchase authorization increase to $150M through December 31, 2027; $82.95M remained available under the program as of June 30, 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Junquera Jorge AReporting ownerGrant or award · May 21, 2026
Congress trading in EVTC
2 transactions in EVTC reported by 1 member of Congress under the STOCK Act, most recent trade Jun 17, 2025. Reported transactions, not recommendations.
About EVERTEC, Inc. (EVTC): stock profile, AI score and financials
EVERTEC, Inc. (EVTC) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores EVTC at 60.7/100 on a composite quality score built from its SEC filings, placing it at rank #845 of 2,925 stocks — the top half of the AI-ranked universe. EVTC scores in the top quartile across earnings quality (76.3). Shareholder dilution risk is elevated at 30.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), EVERTEC, Inc. reports quarterly revenue of $274.8M, net income of $5.4M, an operating margin of 19.4%. Top institutional holders of EVTC by reported 13-F value include BlackRock, FMR, AMERICAN CENTURY COMPANIES, based on the most recent SEC filings. EVTC trades on the NYSE exchange and files with the SEC under CIK 1559865. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate EVTC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for EVERTEC, Inc. directly from SEC EDGAR.