Evertec Revenue Rises 24%, Net Income Falls 9%
Payment-processing vendors and their merchants in Latin America and the Caribbean see faster sales growth but thinner profits as costs climb.
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, and raised its full-year 2026 revenue and adjusted earnings forecasts. The results matter for payment-processing vendors and merchants across Puerto Rico, the Caribbean and Latin America, where the company's growth is concentrated.
Why it matters
Growth was driven largely by Latin America, where revenue rose 59% to $143.6 million on acquisitions of Brazil's Tecnobank and Dimensa plus organic gains. Net income fell 9%, showing that top-line expansion can coexist with lower bottom-line results once tax and interest costs rise.
Puerto Rico and Caribbean payment services revenue rose 9% to $60.1 million, while Latin America revenue climbed 59% to $143.6 million. Diluted earnings per share were 49 cents, down from 51 cents, while adjusted earnings per share rose 16% to $1.07.
The players
Evertec
Evertec is a Puerto Rico-headquartered payment processor and transaction services provider whose core markets span Puerto Rico, the Caribbean and Latin America.
Popular
Popular is a Puerto Rico-based bank that received a 10% discount in a transaction arrangement with Evertec that took effect in late 2025.
The details
Latin America growth reflected the acquisitions of Brazil's Tecnobank and Dimensa along with organic growth, and Puerto Rico and Caribbean gains came from more point-of-sale transactions and higher ATH Móvil volume. Net income declined because a $6 million gain from research and development tax credits recorded a year earlier did not recur, and higher interest and income tax expenses added further pressure. Evertec also completed its acquisition of a 67% stake in Brazil's BBChain during the quarter.
Timeline
Q4 2025: A 10% discount to Popular took effect.
Q3 2026: Evertec reported third-quarter revenue of $283 million and completed the BBChain stake acquisition.
2026: Full-year revenue and adjusted earnings forecasts were raised.
Market Landscape
Evertec's results show payment-processing growth concentrated in Latin America, where its Brazilian acquisitions are expanding its footprint. The company's Puerto Rico and Caribbean segment is growing more slowly, at 9%, so the regional mix is shifting toward Latin America.
Businesses that rely on card and digital payment processing should watch whether processors can keep revenue growth ahead of rising interest and tax costs. Operators in Latin America and the Caribbean should monitor how the regional mix of processing volume shifts as acquisitions are integrated.
The takeaway
Revenue growth and net income can move in opposite directions when financing and tax costs rise, so operators should read the bottom line alongside the top line. Track the next quarter's Latin America results to see whether the acquired revenue base holds up.
Further reading
For broader context on how companies manage growth and capital allocation, see Corporate Finance.
Source note: This article includes information reported by News is My Business.
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