EVERTEC, INC., 10-Q filed on 5/7/2026
Quarterly Report
v3.26.1
Cover - shares
 3 Months Ended
Mar. 31, 2026
May 01, 2026
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2026  
Document Transition Report false  
Entity File Number 001-35872  
Entity Registrant Name EVERTEC, Inc.  
Entity Incorporation, State or Country Code PR  
Entity Tax Identification Number 66-0783622  
Entity Address, Address Line One Cupey Center Building,  
Entity Address, Address Line Two Road 176, Kilometer 1.3,  
Entity Address, City or Town San Juan,  
Entity Address, State or Province PR  
Entity Address, Postal Zip Code 00926  
City Area Code 787  
Local Phone Number 759-9999  
Title of 12(b) Security Common Stock, $0.01 par value per share  
Trading Symbol EVTC  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding (in shares)   61,620,344
Entity Central Index Key 0001559865  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q1  
Amendment Flag false  
v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 290,886 $ 305,993
Restricted cash 23,550 25,838
Accounts receivable, net 176,398 164,381
Settlement assets 27,844 26,098
Prepaid expenses and other assets 83,665 68,462
Total current assets 602,343 590,772
Debt securities available-for-sale, at fair value 3,762 3,202
Equity securities, at fair value 6,102 5,849
Investments in equity investees 32,369 30,120
Property and equipment, net 65,760 64,354
Operating lease right-of-use asset 37,027 38,218
Goodwill 918,156 891,992
Other intangible assets, net 555,189 553,082
Deferred tax asset 52,665 45,386
Other long-term assets 22,638 20,321
Total assets 2,296,011 2,243,296
Current Liabilities:    
Accrued liabilities 116,502 125,575
Accounts payable 63,355 63,726
Contract liability 30,382 26,573
Income tax payable 10,261 3,218
Current portion of long-term debt 26,850 23,867
Short-term borrowings 25,000 10,000
Current portion of operating lease liability 5,779 5,878
Settlement liabilities 28,096 26,202
Total current liabilities 306,225 285,039
Long-term debt 1,045,075 1,053,030
Deferred tax liability 69,463 71,356
Contract liability - long term 42,703 47,032
Operating lease liability - long-term 32,292 33,305
Derivative liability 2,500 5,225
Other long-term liabilities 31,933 34,317
Total liabilities 1,530,191 1,529,304
Commitments and contingencies (Note 14)
Redeemable non-controlling interests 94,228 89,155
Stockholders’ equity    
Preferred stock, par value $0.01; 2,000,000 shares authorized; none issued 0 0
Common stock, par value $0.01; 206,000,000 shares authorized; 61,620,344 shares issued and outstanding as of March 31, 2026 (December 31, 2025 - 61,756,639) 616 618
Additional paid-in capital 0 0
Accumulated earnings 682,074 687,696
Accumulated other comprehensive loss, net of tax (14,389) (66,708)
Total stockholders’ equity 668,301 621,606
Non-redeemable non-controlling interest 3,291 3,231
Total equity 671,592 624,837
Total liabilities and equity $ 2,296,011 $ 2,243,296
v3.26.1
Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares
Mar. 31, 2026
Dec. 31, 2025
Statement of Financial Position [Abstract]    
Preferred stock par value (in usd per share) $ 0.01 $ 0.01
Preferred stock authorized (in shares) 2,000,000 2,000,000
Preferred stock issued (in shares) 0 0
Common stock par value (in usd per share) $ 0.01 $ 0.01
Common stock authorized (in shares) 206,000,000 206,000,000
Common stock issued (in shares) 61,620,344 61,756,639
Common stock outstanding (in shares) 61,620,344 61,756,639
v3.26.1
Unaudited Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenues $ 247,923 $ 228,792
Operating costs and expenses    
Cost of revenues, exclusive of depreciation and amortization 118,245 114,609
Selling, general and administrative expenses 47,846 36,210
Depreciation and amortization 37,263 28,473
Total operating costs and expenses 203,354 179,292
Income from operations 44,569 49,500
Non-operating income (expenses)    
Interest income 3,860 3,251
Interest expense (17,357) (16,988)
Loss on foreign currency remeasurement (3,726) (833)
Earnings from equity investees 1,446 2,077
Other income, net 187 220
Total non-operating expenses (15,590) (12,273)
Income before income taxes 28,979 37,227
Income tax expense 4,232 4,136
Net income 24,747 33,091
Less: Net income attributable to non-controlling interest 996 388
Net income attributable to EVERTEC, Inc.’s common stockholders 23,751 32,703
Other comprehensive income, net of tax of $1,018, and $(1,194)    
Foreign currency translation adjustments 49,574 46,711
Gain (loss) on cash flow hedges 2,749 (3,992)
Unrealized (loss) gain on change in fair value of debt securities available-for-sale (4) 8
Other comprehensive income, net of tax 52,319 42,727
Total comprehensive income attributable to EVERTEC, Inc.’s common stockholders $ 76,070 $ 75,430
Net income per common share - basic attributable to EVERTEC, Inc.’s common stockholders (in usd per share) $ 0.38 $ 0.51
Net income per common share - diluted attributable to EVERTEC, Inc.’s common stockholders (in usd per share) $ 0.38 $ 0.50
v3.26.1
Unaudited Condensed Consolidated Statements of Income and Comprehensive Income (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Other comprehensive (loss) income, tax $ 1,018 $ (1,194)
v3.26.1
Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Earnings
Accumulated  Other Comprehensive Income (loss)
Non-Redeemable Non-Controlling Interest
Beginning balance (in shares) at Dec. 31, 2024   63,614,077        
Beginning balance at Dec. 31, 2024 $ 475,801 $ 636 $ 7,003 $ 599,608 $ (134,723) $ 3,277
Changes in Stockholders’ Equity            
Share-based compensation recognized 7,249   7,249      
Repurchase of common stock (in shares)   0        
Repurchase of common stock 0 $ 0 0 0    
Restricted stock units delivered (in shares)   414,006        
Restricted stock units delivered (8,706) $ 4 (8,710) 0    
Net income (loss) 32,583     32,703   (120)
Cash dividends declared on common stock, $0.05 per share (3,181)     (3,181)    
Adjustment of redeemable noncontrolling interest to redemption value (1,220)   (1,220)      
Other comprehensive income (loss) 42,568       42,727 (159)
Ending balance (in shares) at Mar. 31, 2025   64,028,083        
Ending balance at Mar. 31, 2025 $ 545,094 $ 640 4,322 629,130 (91,996) 2,998
Beginning balance (in shares) at Dec. 31, 2025 61,756,639 61,756,639        
Beginning balance at Dec. 31, 2025 $ 624,837 $ 618 0 687,696 (66,708) 3,231
Changes in Stockholders’ Equity            
Share-based compensation recognized 7,555   7,555      
Repurchase of common stock (in shares)   (683,253)        
Repurchase of common stock (20,008) $ (7)   (20,001)    
Restricted stock units delivered (in shares)   546,958        
Restricted stock units delivered (7,364) $ 5 (7,369)      
Net income (loss) 23,738     23,751   (13)
Cash dividends declared on common stock, $0.05 per share (3,088)     (3,088)    
Adjustment of redeemable noncontrolling interest to redemption value (6,470)   (186) (6,284)    
Other comprehensive income (loss) $ 52,392       52,319 73
Ending balance (in shares) at Mar. 31, 2026 61,620,344 61,620,344        
Ending balance at Mar. 31, 2026 $ 671,592 $ 616 $ 0 $ 682,074 $ (14,389) $ 3,291
v3.26.1
Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity (Parenthetical) - $ / shares
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Stockholders' Equity [Abstract]    
Cash dividends declared on common stock (in usd per share) $ 0.05 $ 0.05
v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income (loss) $ 24,747 $ 33,091
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 37,263 28,473
Amortization of debt issue costs and accretion of discount 1,247 1,113
Operating lease amortization 1,488 1,736
Deferred tax benefit (11,968) (5,482)
Share-based compensation 7,555 7,249
Earnings of equity investees (1,446) (2,077)
Loss on foreign currency remeasurement 3,726 833
Other, net 1,190 (1,499)
(Increase) decrease in assets:    
Accounts receivable, net (11,734) (18,465)
Prepaid expenses and other assets (7,945) (9,403)
Other long-term assets (1,431) 5,072
(Decrease) increase in liabilities:    
Accrued liabilities and accounts payable (9,518) (2,468)
Income tax payable (1,349) 4,039
Contract liability (590) (3,354)
Operating lease liabilities (1,222) (1,398)
Other long-term liabilities 1,197 183
Total adjustments 6,463 4,552
Net cash provided by operating activities 31,210 37,643
Cash flows from investing activities    
Additions to software and other intangible assets (16,336) (15,868)
Property and equipment acquired (6,346) (6,407)
Other investing activities, net (495) (49)
Net cash used in investing activities (23,177) (22,324)
Cash flows from financing activities    
Acquisition of redeemable non-controlling interest (2,389) (5,167)
Withholding taxes paid on share-based compensation (7,364) (8,706)
Net borrowings under Revolving Facility 15,000 0
Dividends paid (3,088) (3,181)
Repurchase of common stock (20,008) 0
Repayment of long-term debt (5,967) (5,967)
Settlement activity, net (2,281) 1,146
Other financing activities, net (7,620) (5,670)
Net cash used in financing activities (33,717) (27,545)
Effect of foreign exchange rate on cash, cash equivalents and restricted cash 6,008 5,195
Net decrease in cash, cash equivalents, restricted cash and cash included in settlement assets (19,676) (7,031)
Cash, cash equivalents, restricted cash and cash included in settlement assets at the beginning of the period 348,129 314,649
Cash, cash equivalents, restricted cash, and cash included in settlement assets at end of the period $ 328,453 $ 307,618
v3.26.1
The Company and Basis of Presentation
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
The Company and Basis of Presentation The Company and Basis of Presentation
The Company

EVERTEC, Inc. and its subsidiaries (collectively the “Company” or “EVERTEC”) is a leading full-service transaction processing business and financial technology provider in Latin America and the Caribbean. The Company is based in Puerto Rico and provides a broad range of merchant acquiring, payment processing and business process management services across 26 countries in the region. EVERTEC owns and operates the ATH network, which we believe is one of the leading personal identification number (“PIN”) debit networks in the Caribbean and Latin America. In addition, EVERTEC provides a comprehensive suite of services for core bank processing and cash processing in Puerto Rico and technology outsourcing in the regions the Company serves. EVERTEC serves a broad and diversified customer base of leading financial institutions, merchants, corporations, and government agencies with solutions that are essential to their operations, enabling them to issue, process and accept transactions securely.

Basis of Presentation

The unaudited condensed consolidated financial statements of EVERTEC have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. The preparation of the accompanying unaudited condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited condensed consolidated financial statements. Actual results could differ from these estimates.
Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted from these statements pursuant to the rules and regulations of the Securities and Exchange Commission and, accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with the Audited Consolidated Financial Statements of the Company for the year ended December 31, 2025, included in the Company’s 2025 Annual Report on Form 10-K. In the opinion of management, the accompanying unaudited condensed consolidated financial statements, prepared in accordance with GAAP, contain all adjustments necessary for a fair presentation. Intercompany accounts and transactions are eliminated in consolidation. Certain amounts from prior periods have been reclassified to conform to the current period presentation.
v3.26.1
Business Acquisition
 3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Acquisition Business Acquisition
On October 1, 2025, Evertec Brasil Informática S.A. (“Evertec BR”), a wholly-owned subsidiary of EVERTEC, Inc., completed the purchase of 75% of the share capital of Tecnobank Tecnologia Bancária S.A. (“Tecnobank”). Tecnobank is a fintech vendor in Brazil’s digital vehicle financing contract registration sector. The aggregate purchase price for the shares was BRL$791 million or approximately USD$150 million. This transaction enhances the Company's existing product offerings.

The Company accounted for this transaction as a business combination, which generally requires that we recognize the assets acquired and liabilities assumed at fair value as of the acquisition date. In accordance with ASC 805-10-25-15, the Company is allowed a period, not to exceed 12 months from the acquisition date, to adjust the provisional amounts recognized for a business combination. The preliminary estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed, including a reconciliation to the total purchase consideration, were as follows:
Assets/Liabilities (at fair value)
( In thousands)
Cash and cash equivalents$4,784 
Accounts receivable, net2,571 
Prepaid expenses and other assets7,604 
Property and equipment, net298 
Long-term deferred tax asset5,459 
Other intangible assets, net126,875 
Other long-term assets118 
Accounts payable(469)
Accrued liabilities(3,829)
Income tax payable(8,617)
Contract liability(64)
Deferred tax liability(43,137)
Other long-term liabilities(14,579)
Total identifiable net assets 77,014 
Redeemable noncontrolling interests(53,569)
Goodwill125,377 
Total purchase consideration$148,822 

The following table details the major groups of intangible assets acquired and the weighted average amortization period for these assets:

AmountWeighted-average life
(Dollar amounts in thousands)
Customer relationships$26,315 15
Trademark6,579 10
Software packages93,981 10
Total$126,875 11

Goodwill in connection with the Tecnobank acquisition is attributable to the Latin America Payments and Solutions segment, refer to Note 4- Goodwill and Other Intangible Assets for further details. None of the goodwill is deductible for income tax purposes.
v3.26.1
Property and Equipment, net
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment, net consisted of the following:
(Dollar amounts in thousands)Useful life
in years		March 31, 2026December 31, 2025
Buildings30$2,356 $2,202 
Data processing equipment
3 - 5
163,372 163,160 
Furniture and equipment
3 - 10
10,212 9,285 
Leasehold improvements
5 -10
4,930 4,737 
180,870 179,384 
Less - accumulated depreciation and amortization(116,750)(116,558)
Depreciable assets, net64,120 62,826 
Land1,640 1,528 
Property and equipment, net$65,760 $64,354 

Depreciation and amortization expense related to property and equipment for the three month period ended March 31, 2026 amounted to $5.8 million, compared to $5.4 million for the corresponding period in 2025.
v3.26.1
Goodwill and Other Intangible Assets
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
The changes in the carrying amount of goodwill, allocated by reporting unit, were as follows:
(In thousands)Payment
Services -
Puerto Rico & Caribbean		Latin America Payments and SolutionsMerchant
Acquiring, net		Business
Solutions		Total
Balance at December 31, 2025$160,972 $552,889 $138,121 $40,010 $891,992 
Measurement period adjustment for prior year acquisition— 1,569 — — 1,569 
Foreign currency translation adjustments— 24,595 — — 24,595 
Balance at March 31, 2026$160,972 $579,053 $138,121 $40,010 $918,156 

Goodwill is tested for impairment on an annual basis as of August 31, or more often if events or changes in circumstances indicate there may be impairment. The Company may test for goodwill impairment using a qualitative or a quantitative analysis. In a qualitative analysis, the Company assesses whether it is "more likely than not" that the fair value of a reporting unit is less than its carrying amount. In the quantitative analysis, the Company compares the estimated fair value of the reporting units to their carrying values, including goodwill. Based on the last analysis performed as of August 31, 2025, the fair value of the reporting units exceed the carrying amounts of the reporting units. No tests for impairment were required for the interim periods ended March 31, 2026 or 2025.

The carrying amount of other intangible assets at March 31, 2026 and December 31, 2025 was as follows:
  March 31, 2026
(Dollar amounts in thousands)Useful life in yearsGross
amount		Accumulated
amortization		Net carrying
amount
Customer relationships
5 - 20
$561,289 $(390,559)$170,730 
Trademarks
3 - 15
98,338 (61,525)$36,813 
Software packages
3 - 10
606,046 (260,449)$345,597 
Non-compete agreement53,758 (1,709)$2,049 
Other intangible assets, net$1,269,431 $(714,242)$555,189 
  December 31, 2025
(Dollar amounts in thousands)Useful life in years Gross
amount		Accumulated
amortization		Net carrying
amount
Customer relationships
5 - 20
$556,914 $(385,144)$171,770 
Trademarks
3 - 15
95,573 (58,464)37,109 
Software packages
3 - 10
579,657 (237,571)342,086 
Non-compete agreement53,573 (1,456)2,117 
Other intangible assets, net$1,235,717 $(682,635)$553,082 

Amortization expense related to other intangibles for the three month period ended March 31, 2026 amounted to $31.5 million, compared to $23.0 million corresponding period in 2025.

The estimated amortization expense of the other intangible balances outstanding at March 31, 2026, for the remainder of 2026 and the years thereafter is as follows:
(In thousands)
Remaining 2026$81,438 
2027113,150 
202895,462 
202971,879 
203054,222 
Thereafter139,038 
v3.26.1
Debt and Short-Term Borrowings
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Debt and Short-Term Borrowings Debt and Short-Term Borrowings
Debt at March 31, 2026 and December 31, 2025 was as follows:
(In thousands)March 31, 2026December 31, 2025
2027 Term A Loan bearing interest at a variable interest rate (SOFR plus applicable margin(1)(2))
$398,059 $403,770 
2030 Term B Loan bearing interest at a variable interest rate (SOFR plus applicable margin(1)(3))
673,866 673,127 
Revolving Facility(4)
25,000 10,000 
Deferred consideration from business combinations2,320 6,175 
Note payable due on September 1, 2030(1)
5,550 5,808 
Total debt$1,104,795 $1,098,880 
 
(1)Net of unaccreted discount and unamortized debt issue costs, as applicable.
(2)Subject to a minimum rate ("SOFR floor") of 0.00% plus applicable margin of 2.00% at March 31, 2026 and 1.75% at December 31, 2025.
(3)Subject to a SOFR floor of 0.50% plus applicable margin of 2.25% at March 31, 2026 and December 31, 2025.
(4)Subject to a Prime rate of 6.75% plus applicable margin of 1.00% at March 31, 2026 and 6.75% plus applicable margin of 0.75% at December 31, 2025.

Secured Credit Facilities

On December 1, 2022, EVERTEC and EVERTEC Group, entered into a credit agreement with a syndicate of lenders and Truist Bank, as administrative agent and collateral agent, providing for a $415.0 million term loan A facility (the “TLA Facility”) that matures on December 1, 2027, and a $200.0 million revolving credit facility (the “Revolving Facility”) that matures on December 1, 2027 (the “Credit Agreement”). Under the Revolving Facility the Company may request up to $20.0 million as part of the swingline, which consists of short-term borrowings, that allows the Company to obtain same-day, short-duration advances to address immediate liquidity needs. On October 30, 2023, EVERTEC and EVERTEC Group entered into a first amendment to the Credit Agreement with a syndicate of lenders and Truist, as administrative agent and collateral agent, providing for (i) additional term A loans in the amount of $60.0 million and a new tranche of term loan B commitments in the amount of $600.0 million maturing October 30, 2030 (the “TLB Facility”). On May 16, 2024, November 26, 2024 and August
12, 2025, EVERTEC and EVERTEC Group entered into second, third and fourth amendments to its Credit Agreement, each providing for a pricing reduction to its TLB Facility. On November 25, 2025, EVERTEC and EVERTEC Group entered into the fifth amendment to its Credit Agreement which provides for an additional $150.0 million under its TLB facility.

At March 31, 2026, the unpaid principal balance of the TLA Facility and TLB Facility were $399.8 million and $690.0 million, respectively. At March 31,2026, the outstanding balance of the Revolving Facility was $25.0 million and the additional borrowing capacity for the Revolving Facility was $169.4 million, considering letters of credit issued. The Company issues letters of credit against the Revolving Facility which reduce the additional borrowing capacity of the Revolving Facility.

Deferred Consideration from Business Combinations

As part of the Company’s merger and acquisition activities, the Company may enter into agreements by which a portion of the purchase price is financed directly by the seller. At March 31, 2026 and December 31, 2025, the unpaid principal balance of these agreements amounted to $2.3 million and $6.2 million, respectively. Obligations bear interest at rates ranging from 8.2% to 12.9% with maturities ranging from January 2027 through March 2027. The remaining portion of the deferred consideration is included in accounts payable on the Company's unaudited condensed consolidated balance sheet.

Note Payable

In September 2023, EVERTEC Group entered into a non-interest bearing financing agreement amounting to $10.1 million to purchase software and maintenance which the Company recorded on a discounted basis using an implied interest of 6.9%. As of March 31, 2026, the outstanding principal balance of the note payable on a discounted basis was $5.5 million. The current portion of the note is included in accounts payable and the long-term portion is included in other long-term liabilities on the Company's unaudited condensed consolidated balance sheet.

Interest Rate Swaps

As of March 31, 2026, the Company has three interest rate swap agreements which convert a portion of the interest rate payments on the Company's Facilities from variable to fixed. The interest rate swaps are used to hedge the market risk from changes in interest rates corresponding with the Company's variable rate debt. The interest rate swaps are designated as cash flow hedges and are considered highly effective. Cash flows from the interest rate swaps are included in the accrued liabilities and accounts payable line item in the Company's unaudited condensed consolidated statements of cash flows. Changes in the fair value of the interest rate swaps are recognized in other comprehensive income (loss) until the gains or losses are reclassified to earnings. Gains or losses reclassified to earnings are presented within interest expense in the accompanying condensed consolidated statements of income and comprehensive income.
Swap AgreementEffective date  Maturity Date  Notional Amount  Variable Rate  Fixed Rate
2023 SwapNovember 2024December 2027$250 million1-month SOFR3.375%
2024 SwapMarch 2024October 2027$150 million1-month SOFR4.182%
2024 SwapMarch 2024October 2027$150 million1-month SOFR4.172%

At March 31, 2026, the carrying amount of the derivatives included on the Company's unaudited condensed consolidated balance sheet was an asset $1.0 million and a liability of $2.5 million. At December 31, 2025, the carrying amount of the derivatives was a liability of $5.2 million. The fair value of these derivatives are estimated using Level 2 inputs in the fair value hierarchy on a recurring basis. Refer to Note 8 - Equity for disclosure of gains (losses) recorded on cash flow hedging activities.

During the three month period ended March 31, 2026, the Company reclassified gains of $0.2 million, from accumulated other comprehensive income (loss) into interest expense compared to gains of $0.7 million for the corresponding period in 2025. Based on expected SOFR rates, the Company expects to reclassify losses of $0.8 million from accumulated other comprehensive loss into interest expense over the next 12 months.
v3.26.1
Financial Instruments and Fair Value Measurements
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Financial Instruments and Fair Value Measurements Financial Instruments and Fair Value Measurements
Recurring Fair Value Measurements

The following table presents assets and liabilities measured at fair value on a recurring basis at March 31, 2026 and December 31, 2025:
March 31, 2026
December 31, 2025
(In thousands)
Level 2
Level 3
Measured at NAV
Total
Level 2
Level 3
Measured at NAV
Total
Financial assets:
Debt securities AFS
$3,762 $— $— $3,762 $3,202 $— $— $3,202 
Equity securities
— — 6,102 6,102 — — 5,849 5,849 
Interest rate swaps
962 — — 962 — — — — 
Financial liabilities:
Interest rate swaps
2,500 — — 2,500 5,225 — — 5,225 

Debt Securities Available for Sale ("AFS")

Costa Rica government obligations are held by a trust in the Costa Rica National Bank as a collateral requirement for settlement activities. The Company may substitute securities as needed but must maintain certain levels of collateral based on transaction volumes. Debt securities amounting to $0.5 million were purchased during the three month period ended March 31, 2026, none for the corresponding period in 2025. No debt securities were sold or matured during the three month periods ended March 31, 2026 or 2025. A provision for credit losses was not required for either March 31, 2026 or 2025.

The fair value of debt securities is estimated based on observable inputs through corroboration with market data at the measurement date, therefore classified as a Level 2 asset within the fair value hierarchy.

Interest rate swaps

The fair value of the Company's interest rate swaps are estimated using Level 2 inputs under the fair value hierarchy. Refer to Note 5 - Debt and Short-term Borrowings for additional information related to the derivative instruments.

Equity Securities Measured at Net Asset Value (NAV)

At March 31, 2026 and December 31, 2025, the Company holds mutual funds classified as equity securities on the Company's unaudited condensed consolidated balance sheet that are measured at fair value using the NAV per share, or its equivalent, as a practical expedient. Mutual funds consist of investments in venture capital strategies and start-ups with a focus on privately held technology companies. The NAV is based on the fair value of the underlying net assets owned by the mutual funds and the relative interest of each participating investor in the fair value of the underlying assets.

Financial assets and liabilities not measured at fair value

The following table presents the carrying value and estimated fair value for financial instruments at March 31, 2026 and December 31, 2025:
 March 31, 2026December 31, 2025
(In thousands)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Financial liabilities:
2027 Term A Loan Facility$398,059 $398,271 $403,770 $405,737 
2030 Term B Loan Facility$673,866 $687,413 $673,127 $690,000 
Revolving Facility$25,000 $25,000 $10,000 $10,000 
The fair value of the term loans and the revolving facility at March 31, 2026 and December 31, 2025 was obtained using prices provided by third party service providers. Their pricing is based on various inputs such as market quotes, recent trading activity in a non-active market or imputed prices. These inputs are considered Level 3 inputs under the fair value hierarchy. Also, the pricing may include the use of an algorithm that could take into account movements in the general high yield market, among other variants. The secured term loans are not accounted for at fair value in the balance sheet.
v3.26.1
Redeemable Noncontrolling Interests
 3 Months Ended
Mar. 31, 2026
Redeemable Noncontrolling Interest [Abstract]  
Redeemable Noncontrolling Interests Redeemable Noncontrolling Interests
At March 31, 2026, redeemable noncontrolling interests ("RNCI") consist of interests in consolidated subsidiaries for which the Company has entered into separate option contracts by which the Company has the right to purchase the remaining non-controlling interests through a call option and the non-controlling interest holder has the right to sell the non-controlling interest to the Company through a put option.

The following table summarizes the terms of the issued options:

Percentage of redeemable noncontrolling interestEarliest exercise dateFormula of redemption value
Rosk Software S.A.49.00%March 15, 2026Variable multiple of gross sales dependent upon EBITDA margin attained times percentage of ownership
Compliasset Software e Solucoes Digitais LTDA.40.00%March 15, 2026Variable multiple of net sales dependent upon EBITDA margin attained plus working capital, plus net debt times percentage of ownership
Lote45 Participacoes S.A.43.68%January 1, 2027
Variable multiple of net sales dependent upon EBITDA margin attained plus net debt minus BRL$10.0 million times percentage of ownership
Tecnobank Tecnologia Bancária S.A.25.00%April 30, 2029    Variable multiple of net sales dependent upon EBITDA margin less net debt at the payment date times percentage of ownership

Given certain provisions within the option contracts, the Company has classified the RNCI as mezzanine equity on the Company's unaudited condensed consolidated balance sheets. RNCI are adjusted quarterly, if necessary, to their estimated redemption value. Adjustments to the redemption value impact stockholders' equity. The following table presents changes in RNCI:

(In thousands)Redeemable noncontrolling interests
March 31, 2026December 31, 2025
Beginning balance$89,155 $43,460 
Fair value of redeemable non-controlling interest at acquisition date— 53,569 
Net income attributable non-controlling interests1,008 3,177 
Acquisition of shares from non-controlling interest(1,673)(7,276)
Adjustment of redeemable non-controlling interests to redemption value5,756 1,180 
Dividends declared on redeemable non-controlling interests— (4,976)
Foreign currency translation adjustments(18)21 
Ending balance$94,228 $89,155 
During the quarter ended March 31, 2026, certain non-controlling interest holders exercised their Lote45 Participacoes S.A put options, and accordingly the Company acquired an additional 4.32% ownership interest in Lote45 Participacoes S.A. This transaction did not result in a change in control and was accounted for as an equity transaction, with a $0.7 million decrease to accumulated earnings reflected on the Company's condensed consolidated balance sheet for the difference between the carrying value of the redeemable noncontrolling interest at the date of purchase and the consideration paid. The payment of approximately $2.4 million for the acquisition of the redeemable noncontrolling interest is classified as financing activity within the condensed consolidated statements of cash flows.
v3.26.1
Equity
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Equity Equity
Accumulated Other Comprehensive Loss

The following table provides a summary of the changes in the balances of accumulated other comprehensive loss for the three months ended March 31, 2026: 
(In thousands)Foreign Currency
Translation
Adjustments		Cash Flow HedgesUnrealized Gains (Losses) on Debt Securities AFSTotal
Balance - December 31, 2025, net of tax$(63,416)$(3,331)$39 $(66,708)
Other comprehensive income (loss) before reclassifications49,574 2,571 (4)52,141 
Effective portion reclassified to net income— 178 — 178 
Balance - March 31, 2026, net of tax$(13,842)$(582)$35 $(14,389)
v3.26.1
Share-based Compensation
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Share-based Compensation Share-based Compensation
Long-term Incentive Plan ("LTIP")

During the three months ended March 31, 2024, 2025 and 2026, the Compensation Committee (the "Compensation Committee") of the Company's Board of Directors ("Board") approved grants of restricted stock units (“RSUs”) to executives and certain employees pursuant to the 2024 LTIP, 2025 LTIP and 2026 LTIP, respectively, all under the terms of the Company's 2022 Equity Incentive Plan. Under the LTIPs, the Company granted RSUs to eligible participants as time-based awards and/or performance-based awards.

The vesting of the RSUs is dependent upon service and/or performance conditions as defined in the award agreements. Employees that received time-based awards with service conditions are entitled to receive a specific number of shares of the Company’s common stock on the vesting date if the employee provides services to the Company through the vesting date. Time-based awards generally vest over a period of three years in substantially equal installments commencing on the grant date and ending on February 28 of each year for the 2024 LTIP, February 28 of each year for the 2025 LTIP and March 5 of each year for the 2026 LTIP. In 2024, 2025 and 2026 the Company also granted time-based awards with a three year service vesting period which will vest on February 28, 2027, February 28, 2028 and March 5, 2029, respectively.

For the performance-based awards under the 2024 LTIP, the Compensation Committee established adjusted earnings before interest, income taxes, depreciation and amortization ("Adjusted EBITDA") as the primary performance measure while maintaining focus on total shareholder return through the use of a market-based total shareholder return ("TSR") performance modifier. The Adjusted EBITDA measure is based on annual Adjusted EBITDA targets and can result in a payout between 0% and 200%, depending on the performance level. The TSR modifier adjusts the shares earned based on the Adjusted EBITDA performance upwards or downwards (+/- 25%) based on the Company’s relative TSR at the end of the three-year performance period as compared to the companies in the Russell 2000 Index. The Adjusted EBITDA performance measure will be calculated for the one-year period commencing on January 1 of the year of the grant and ending on December 31 of the same year, relative to the goals set by the Compensation Committee for this same period. The shares earned will be subject to an additional two-year service vesting period and will vest on February 28, 2027 for the 2024 LTIP.

For the performance-based awards under the 2025 LTIP and 2026 LTIP, the Compensation Committee established adjusted earnings before interest, income taxes, depreciation and amortization ("Adjusted EBITDA"), measured on a constant currency basis, which means results are calculated using consistent exchange rates to facilitate period-to-period comparability, as the primary performance measure while ensuring focus on total shareholder return through the use of a market-based TSR performance modifier. For the 2025 LTIP, Adjusted EBITDA measure is based on annual Adjusted EBITDA targets and can result in a payout between 0% and 200%, depending on the performance level. The TSR modifier adjusts the shares earned based on the Adjusted EBITDA performance upwards or downwards (+/- 25%) based on the Company’s relative TSR at the end of the three-year performance period as compared to the companies in the Russell 2000 Index. For 2026 LTIP, the Compensation Committee approved a change in the Adjusted EBITDA performance modifier to be (+/‑35%) based on the Company’s relative TSR performance at the end of the applicable three‑year performance period. The Adjusted EBITDA performance measure will be calculated for the one-year period commencing on January 1 of the year of the grant and ending on December 31 of the same year, relative to the goals set by the Compensation Committee for this same period. For the 2025 LTIP, the shares earned will be subject to an additional two-year service vesting period and will vest on February 28, 2028. For the 2026 LTIP, the shares earned will be subject to an additional three-year service vesting period and will vest on March 5, 2029. Unless otherwise specified in the award agreement, or in an employment agreement, awards are forfeited if the employee voluntarily ceases to be employed by the Company prior to vesting.

Unless otherwise specified in the award agreement, or in an employment agreement, awards are forfeited if the employee voluntarily ceases to be employed by the Company prior to vesting.
The following table summarizes nonvested RSUs activity for the three months ended March 31, 2026:
Nonvested RSUsSharesWeighted-average
grant date fair value
Nonvested at December 31, 20252,034,626 $38.59 
Granted1,157,356 31.42 
Vested(805,885)38.71 
Forfeited(14,993)36.80 
Nonvested at March 31, 20262,371,104 $35.11 

For the three months ended March 31, 2026, the Company recognized $7.6 million of share-based compensation expense, compared with $7.2 million for the corresponding period in 2025.
As of March 31, 2026, the maximum unrecognized cost for RSUs was $64.3 million. The cost is expected to be recognized over a weighted average period of 2.3 years.
v3.26.1
Revenues
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Disaggregation of Revenue

The Company disaggregates revenue from contracts with customers into primary geographical markets, nature of the products and services, and timing of transfer of goods and services. The Company's operating segments are determined by the nature of the products and services the Company provides and the primary geographical markets in which the Company operates. Revenue disaggregated by segment is discussed in Note 15 - Segment Information.

In the following tables, revenue for each segment, excluding intersegment revenues, is disaggregated by timing of revenue
recognition for the periods indicated.

Three months ended March 31, 2026
(In thousands)Payment Services - Puerto Rico & CaribbeanLatin America Payments and SolutionsMerchant Acquiring, netBusiness SolutionsTotal
Timing of revenue recognition
Products and services transferred at a point in time$24 $2,350 $— $2,264 $4,638 
Products and services transferred over time37,905 99,701 48,405 57,274 243,285 
$37,929 $102,051 $48,405 $59,538 $247,923 


Three months ended March 31, 2025
(In thousands)Payment Services - Puerto Rico & CaribbeanLatin America Payments and SolutionsMerchant Acquiring, netBusiness SolutionsTotal
Timing of revenue recognition
Products and services transferred at a point in time$58 $1,766 $— $4,260 $6,084 
Products and services transferred over time37,241 76,514 47,649 61,304 222,708 
$37,299 $78,280 $47,649 $65,564 $228,792 

Revenue concentration with a single customer, Popular, as a percentage of total revenues for the quarters ended March 31, 2026 and 2025 was approximately 26% and 31%, respectively. Accounts receivable from Popular at March 31, 2026 and December 31, 2025 amounted to $38.3 million and $41.4 million, respectively.
Contract Balances

Contract assets of the Company arise when the Company has a contract with a customer for which revenue has been recognized (i.e., goods or services have been transferred), but the customer payment is subject to a future event (i.e., satisfaction of additional performance obligations). Contract assets will be considered a receivable when the rights to consideration of the Company become unconditional (i.e., the Company has a present right to payment). Contract assets at March 31, 2026 and December 31, 2025 amounted to $15.5 million and $13.9 million, respectively. The current portion of contract assets is recorded as part of prepaid expenses and other assets, and the long-term portion is included in other long-term assets in the unaudited condensed consolidated balance sheets.

Contract liability and Contract liability- long term, at March 31, 2026 amounted to $30.4 million and $42.7 million, respectively. Contract liability and Contract liability- long term, at December 31, 2025 amounted to $26.6 million and $47.0 million, respectively. Contract liability is mainly comprised of upfront fees for implementation or set up activities, including fees invoiced in pre-production periods in connection with hosting services, as well as amounts related to contracts entered into concurrently with the close of the Popular Transaction in the fiscal year 2022. Contract liability may also arise when consideration is received or due in advance from customers prior to performance. During the three month period ended March 31, 2026, the Company recognized revenue of $8.2 million that was included in the contract liability at December 31, 2025. During the three month period ended March 31, 2025, the Company recognized revenue of $10.4 million that was included in the contract liability at December 31, 2024.

Transaction price allocated to the remaining performance obligations

Revenues from recurring transaction-based and processing services represent the majority of the Company’s total revenue. The Company recognizes revenues from recurring transaction-based and processing services over time at the amounts in which the Company has right to invoice, which corresponds directly to the value to the customer of the Company’s performance completed to date.

The Company has elected to apply the practical expedient permitted under ASC 606, when applicable. Under this practical expedient, the Company is not required to disclose information about remaining performance obligations if the performance obligation is part of a contract with an original expected duration of one year or less or if the Company recognizes revenue at the amount to which it has a right to invoice. The Company also applies the practical expedient for variable consideration when the variable consideration is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service that forms part of a single performance obligation.

For contracts excluded from the application of the practical expedients noted above, the estimated aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially satisfied at March 31, 2026 was $694.7 million, which is expected to be recognized over the next 6 years. The Company expects to recognize approximately 29% of the remaining performance obligations during 2026, approximately 33% during 2027, and the balance thereafter.
v3.26.1
Current Expected Credit Losses
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Current Expected Credit Losses Current Expected Credit Losses
Allowance for Current Expected Credit Losses

Trade receivables from contracts with customers are financial assets analyzed by the Company under the expected credit loss model. To measure expected credit losses, trade receivables are grouped based on shared risk characteristics (i.e., the relevant industry sector and customer's geographical location) and days past due (i.e., delinquency status), while considering the following:

•Customers in the same geographical location share similar risk characteristics associated with the macroeconomic environment of their country.
•The Company has two main industry sectors: private and governmental. The private pool is comprised mainly of leading financial institutions, merchants and corporations, while the governmental pool is comprised of government agencies. The governmental customers possess different risk characteristics than private customers because although all invoices are due 30 days after issuance, governmental customers usually pay within 60 to 90 days after issuance.
•The expected credit loss rate is likely to increase as receivables move to older aging buckets. The Company used the following aging categories to estimate the risk of delinquency status: (i) 0 days past due; (ii) 1-30 days past due; (iii) 31-60 days past due; (iv) 61-90 days past due; and (v) over 90 days past due.
The credit losses of the Company’s trade receivables have been historically low and most balances are collected within one year. Therefore, the Company determined that the expected loss rates should be calculated using the historical loss rates adjusted by macroeconomic factors. The historical rates are calculated for each of the aging categories used for pooling trade receivables. To determine the collected portion of each bucket, the collection time of each trade receivable is identified, to estimate the proportion of outstanding balances per aging bucket that ultimately will not be collected. This is used to determine the expectation of losses based on the history of uncollected trade receivables once the specific past due period is surpassed. The historical rates are adjusted to reflect current and forward-looking information on macroeconomic factors affecting the ability of customers to settle the receivables by applying a country risk premium as the forward-looking macroeconomic factor. Specific reserves are established for certain customers for which collection is doubtful.

Rollforward of the Allowance for Expected Current Credit Losses

The following table provides information about the allowance for expected current credit losses on trade receivables for the three months ended March 31, 2026 and the year ended December 31, 2025:
(In thousands)March 31, 2026December 31, 2025
Balance at beginning of period$3,208 $2,856 
Current period provision for expected credit losses579 727 
Write-offs(18)(379)
Recoveries of amounts previously written-off— 4 
Balance at end of period$3,769 $3,208 

The Company does not have a delinquency threshold for writing-off trade receivables. The Company has a formal process for the review and approval of write-offs.

Impairment losses on trade receivables are presented as net impairment losses within cost of revenue, exclusive of depreciation and amortization in the unaudited condensed consolidated statements of income and comprehensive income. Subsequent recoveries of amounts previously written-off, when applicable, are credited against the allowance for expected current credit losses within accounts receivable, net on the unaudited condensed consolidated balance sheets.
v3.26.1
Income Tax
 3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Income Tax Income Tax
The effective tax rate for the three months ended March 31, 2026 and 2025 was 14.6% and 11.1%, respectively. The effective tax rate for each period was lower than the applicable statutory corporate income tax rate primarily due to tax exemptions on certain income in Puerto Rico. The increase in the effective tax rate for the three months ended March 31, 2026 compared to the three months ended March 31, 2025 is attributable to the geographic mix of taxable income, including a larger proportion of income generated in higher tax rate foreign jurisdictions, as compared with Puerto Rico.

The Organization for Economic Co-operation and Development Inclusive Framework on Base Erosion and Profit Shifting Pillar Two Model Rules (“Pillar Two”) for a global minimum tax were effective for the Company beginning January 1, 2026. Many countries have enacted certain aspects of the Pillar Two framework. Entities operating in countries where Pillar Two has been enacted are required to estimate Pillar Two top-up tax obligations, as applicable.
For the three months ended March 31, 2026, the Company did not estimate material Pillar Two top-up tax obligations impacting the Company’s estimated annual effective tax rate. The Company will continue to evaluate the impact of proposed and enacted Pillar Two legislation based on its results and in particular the application of the qualified domestic minimum tax in Brazil.
v3.26.1
Net Income Per Common Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Net Income Per Common Share Net Income Per Common Share
The reconciliation of the numerator and the denominator of net income per common share is as follows:
 Three Months Ended March 31,
(In thousands, except per share information)20262025
Net income available to EVERTEC, Inc.’s common shareholders$23,751 $32,703 
Weighted average common shares outstanding61,795,539 63,737,480 
Weighted average potential dilutive common shares (1)
783,365 1,099,102 
Weighted average common shares outstanding - assuming dilution62,578,904 64,836,582 
Net income per common share - basic$0.38 $0.51 
Net income per common share - diluted$0.38 $0.50 
 
(1)Potential common shares consist of common stock issuable under RSUs awards using the treasury stock method.
On February 19, 2026, the Company's Board declared quarterly cash dividends of $0.05 per share of common stock, which was paid on March 6, 2026 to stockholders of record as of March 2, 2026.
v3.26.1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
EVERTEC is a defendant in a number of legal proceedings arising in the ordinary course of business. Based on the opinion of legal counsel and other factors, management believes that the final disposition of these matters will not have a material adverse effect on the business, results of operations, financial condition, or cash flows of the Company. The Company has identified certain claims in which a loss may be incurred, but in the aggregate the loss would be inconsequential. For other claims, where the proceedings are in an initial phase, the Company is unable to estimate the range of possible loss, if any, at this time, but management believes that any loss related to such claims will not be material.
v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company operates in four operating and reportable business segments: Payment Services - Puerto Rico & Caribbean, Latin America Payments and Solutions, Merchant Acquiring, and Business Solutions based upon organization of the Company by the nature of products and services provided to customers and geography.

The Payment Services - Puerto Rico & Caribbean segment revenues are comprised of revenues related to providing access to the ATH debit network and other card networks to financial institutions, including related services such as authorization, processing, management and recording of ATM and point of sales (POS) transactions, and ATM management and monitoring. The segment revenues also include revenues from card processing services (such as credit and debit card processing, authorization and settlement and fraud monitoring and control to debit or credit issuers), payment processing services (such as payment and billing products for merchants, businesses and financial institutions), ATH Movil (person-to-person) and ATH Business (person-to-merchant) digital transactions and EBT (which principally consist of services to the government of Puerto Rico for the delivery of benefits to participants). For ATH debit network and processing services, revenues are primarily driven by the number of transactions processed. Revenues are derived primarily from network fees, transaction switching and processing fees, and the leasing of POS devices. For card issuer processing, revenues are primarily dependent upon the number of cardholder accounts on file, transactions and authorizations processed, the number of cards embossed and other processing services. For EBT services, revenues are primarily derived from the number of beneficiaries on file.

The Latin America Payments and Solutions segment payment revenues consist of revenues related to providing access to the ATH network of ATMs and other card networks to financial institutions, including related services such as authorization, processing, management and recording of ATM and POS transactions, and ATM management and monitoring. The segment revenues also include revenues from card processing services (such as credit and debit card processing, authorization and settlement and fraud monitoring and control to debit or credit issuers), payment processing services (such as payment and billing products for merchants, businesses and financial institutions), as well as licensed software solutions for risk and fraud management and card payment processing. For network and processing services, revenues are primarily driven by the number of transactions processed. Revenues are derived primarily from transaction switching, processing fees, and the leasing of POS devices. For card issuer processing, revenues are primarily dependent upon the number of cardholder accounts on file, transactions and authorizations processed, the number of cards embossed, and other processing services. Solutions revenues consist of (a) licensing, support and maintenance (“subscription”), implementation and customization of software used to provide financial products in areas such as core banking, credit, investments, payments, foreign exchange, mutual funds, pension funds and consortium, in addition to software used to execute processes such as digital onboarding, digital signature, digital collection, and other digital transaction-related processes, including vehicle financing contract registration; and
(b) outsourcing of mission critical IT services. Revenues are based on monthly fixed fees and, in several cases, variable fees based on usage.

The Merchant Acquiring segment consists of revenues from services that allow merchants to accept electronic methods of payment. In the Merchant Acquiring segment, revenues include a discount fee and membership fees charged to merchants, debit network fees and rental fees from POS devices and other equipment, net of credit card interchange and assessment fees charged by credit cards associations (such as VISA or MasterCard) or payment networks. The discount fee is generally a percentage of the transaction value. EVERTEC also charges merchants for other services that are unrelated to the number of transactions or the transaction value.

The Business Solutions segment consists of revenues from a full suite of business process management solutions in various product areas such as core bank processing, network hosting, managed services and managed security services, IT professional services, business process outsourcing, item processing, cash processing, and fulfillment. Core bank processing and network services revenues are derived in part from a recurrent fixed fee and from fees based on the number of accounts on file (i.e., savings or checking accounts, loans, etc.), server capacity usage or computer resources utilized. Revenues from other processing services within the Business Solutions segment are generally volume-based and depend on factors such as the number of accounts processed. In addition, EVERTEC is a reseller of hardware and software products and these resale transactions are generally non-recurring.

The Company’s Chief Operating Decision Maker ("CODM") is the President and Chief Executive Officer (“CEO”). The CODM uses revenue and Segment Adjusted EBITDA to evaluate segment performance and allocate resources, and regularly reviews performance at the segment level against budget and forecast when making decisions about the allocation of resources to each segment. Segment Adjusted EBITDA reviewed by the CODM is calculated as EBITDA further adjusted to exclude certain non-cash unrealized items and unusual expenses such as: share-based compensation, restructuring related expenses, fees and expenses from corporate transactions such as M&A activity and financing, equity investment income net of dividends received, and the impact from non-cash unrealized gains and losses on foreign currency remeasurement for assets and liabilities in non-functional currency. Segment Adjusted EBITDA is presented in conformity with ASC Topic 280, Segment Reporting, given that it is used by the CODM for purposes of evaluating performance and allocating resources.

The Company does not report assets or other balance sheet information to the CODM on a segment basis as the Company’s CODM does not assess performance, make strategic decisions, or allocate resources based on this information. No segment expense information is regularly provided to the CODM and therefore the Company does not report significant segment expenses.

Expense information that is regularly provided to the CODM on a consolidated financial statement basis include personnel costs, professional fees, equipment expenses and cost of sales, adjusted primarily for the impact of share-based compensation, restructuring related expenses, and fees and expenses from corporate transactions such as M&A activity and financing.

The following tables set forth information about the Company’s operations by its four reportable segments for the periods indicated:

Three Months Ended March 31, 2026
(In thousands)Payment
Services -
Puerto Rico & Caribbean		Latin America Payments and SolutionsMerchant
Acquiring, net		Business
Solutions		Total Reportable Segments
Total revenues$37,929 $102,051 $48,405 $59,538 $247,923 
Intersegment revenues20,516 8,279 — — 28,795 
Total segment revenues(1)
58,445 110,330 48,405 59,538 276,718 
Less: Other segment items(2)
(23,705)(77,530)(28,887)(37,901)(168,023)
Segment Adjusted EBITDA$34,740 $32,800 $19,518 $21,637 $108,695 
(1)Total segment revenues include intersegment revenues eliminated on a consolidated basis.   Intersegment revenue eliminations predominantly reflect the $15.7 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $8.3 million from Latin America Payments and Solutions to both Payment Services- Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $4.9 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions.
(2)For each reportable segment, other segment items category includes: cost of revenues and selling, general and administrative expenses, exclusive of depreciation and amortization. These amounts are adjusted to exclude certain items such as: share-based compensation costs, severance payments, equity investment income net of dividends received, foreign currency remeasurement for assets and liabilities in non-functional currency, and expenses from corporate transactions as defined in the Credit Agreement to determine Segment Adjusted EBITDA.
Three Months Ended March 31, 2025
(In thousands)Payment
Services -
Puerto Rico & Caribbean		Latin America Payments and SolutionsMerchant
Acquiring, net		Business
Solutions		Total Reportable Segments
Total revenues$37,299 $78,280 $47,649 $65,564 $228,792 
Intersegment revenues17,858 5,495 — — 23,353 
Total segment revenues(1)
55,157 83,775 47,649 65,564 252,145 
Less: Other segment items(2)
(23,719)(58,880)(27,290)(43,353)(153,242)
Segment Adjusted EBITDA$31,438 $24,895 $20,359 $22,211 $98,903 
(1)Total segment revenues include intersegment revenues eliminated on a consolidated basis.  Intersegment revenue eliminations predominantly reflect the $14.4 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $5.5 million from Latin America Payments and Solutions to both Payment Services - Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $3.5 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions.
(2)For each reportable segment, other segment items category includes: cost of revenues and selling, general and administrative expenses, exclusive of depreciation and amortization. These amounts are adjusted to exclude certain items such as: share-based compensation costs, severance payments, equity investment income net of dividends received, foreign currency remeasurement for assets and liabilities in non-functional currency, and expenses from corporate transactions as defined in the Credit Agreement to determine Segment Adjusted EBITDA.



The reconciliation of Segment Adjusted EBITDA to consolidated income before income taxes is as follows:
 Three months ended March 31,
(In thousands)20262025
Segment Adjusted EBITDA$108,695 $98,903 
Elimination of intersegment revenues(28,795)(23,353)
Other corporate expenses(1)
17,146 13,889 
Compensation and benefits(2)
(13,298)(11,620)
Transaction, refinancing and other fees(3)
(1,729)374 
Earnings of equity method investments, net of dividends received1,446 2,077 
Loss on foreign currency remeasurement(4)
(3,726)(833)
Interest income3,860 3,251 
Interest expense(17,357)(16,988)
Depreciation and amortization(37,263)(28,473)
Income before income taxes$28,979 $37,227 
(1)The other corporate expenses category consists of corporate overhead expenses and other non-operating expenses that are not included in the reportable segment, as well as intersegment eliminations.
(2)Primarily represents share-based compensation and severance payments.
(3)Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement and the elimination of unrealized earnings from equity investments, net of dividends received.
(4)Represents non-cash unrealized gains (losses) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies.
v3.26.1
Supplemental Statement of Cash Flows Information
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Statement of Cash Flows Information Supplemental Statement of Cash Flows Information
Supplemental statement of cash flows information is as follows:
Three months ended March 31,
(In thousands)20262025
Supplemental disclosure of cash flow information:
Cash paid for interest $16,077 $15,966 
Cash paid for income taxes 9,765 5,692 
Supplemental disclosure of non-cash activities:
Payable due to vendor related to equipment and software acquired8,627 5,979 
Right-of-use assets obtained in exchange for operating lease liabilities120 1,715 

Reconciliation of cash, cash equivalents, restricted cash and cash included in settlement assets as presented on the cash flow statement was as follows:
March 31,
(In thousands)20262025
Cash and cash equivalents$290,886 $265,864 
Restricted cash23,550 24,198 
Cash and cash equivalents included in settlement assets14,017 17,556 
Cash, cash equivalents, restricted cash and cash included in settlement assets$328,453 $307,618 
v3.26.1
Subsequent Events
 3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On April 2, 2026, the Company acquired the remaining ownership interests in certain subsidiaries, including approximately 49% of Rosk Software S.A. and 40% of Compliasset Software e Soluções Digitais LTDA., for aggregate consideration of BRL 85.3 million (approximately USD$16.5 million) and BRL 17.5 million (approximately USD$3.4 million), respectively.

On April 30, 2026, Evertec Brasil Informática S.A., a wholly-owned subsidiary of Evertec completed the previously announced purchase of 100% ownership stake in Dimensa, a business-to-business technology provider serving financial institutions in Brazil. The aggregate purchase price was approximately R$981 million or approximately USD$197 million, subject to customary closing adjustments. The Company funded the transaction using existing liquidity sources, including cash on hand and available capacity under its revolving credit facility.

On April 30, 2026, the Board declared a regular quarterly cash dividend of $0.05 per share on the Company’s outstanding shares of common stock. The dividend is expected to be paid on June 5, 2026 to stockholders of record as of the close of business on May 11, 2026. The Board anticipates declaring this dividend in future quarters on a regular basis; however future declarations of dividends are subject to the Board’s approval and may be adjusted as business needs or market conditions change.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
The Company and Basis of Presentation (Policies)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
The Company
The Company

EVERTEC, Inc. and its subsidiaries (collectively the “Company” or “EVERTEC”) is a leading full-service transaction processing business and financial technology provider in Latin America and the Caribbean. The Company is based in Puerto Rico and provides a broad range of merchant acquiring, payment processing and business process management services across 26 countries in the region. EVERTEC owns and operates the ATH network, which we believe is one of the leading personal identification number (“PIN”) debit networks in the Caribbean and Latin America. In addition, EVERTEC provides a comprehensive suite of services for core bank processing and cash processing in Puerto Rico and technology outsourcing in the regions the Company serves. EVERTEC serves a broad and diversified customer base of leading financial institutions, merchants, corporations, and government agencies with solutions that are essential to their operations, enabling them to issue, process and accept transactions securely.
Basis of Presentation
Basis of Presentation

The unaudited condensed consolidated financial statements of EVERTEC have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. The preparation of the accompanying unaudited condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited condensed consolidated financial statements. Actual results could differ from these estimates.
Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted from these statements pursuant to the rules and regulations of the Securities and Exchange Commission and, accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with the Audited Consolidated Financial Statements of the Company for the year ended December 31, 2025, included in the Company’s 2025 Annual Report on Form 10-K. In the opinion of management, the accompanying unaudited condensed consolidated financial statements, prepared in accordance with GAAP, contain all adjustments necessary for a fair presentation. Intercompany accounts and transactions are eliminated in consolidation. Certain amounts from prior periods have been reclassified to conform to the current period presentation.
v3.26.1
Business Acquisition (Tables)
 3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of fair value of assets acquired and liabilities assumed The preliminary estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed, including a reconciliation to the total purchase consideration, were as follows:
Assets/Liabilities (at fair value)
( In thousands)
Cash and cash equivalents$4,784 
Accounts receivable, net2,571 
Prepaid expenses and other assets7,604 
Property and equipment, net298 
Long-term deferred tax asset5,459 
Other intangible assets, net126,875 
Other long-term assets118 
Accounts payable(469)
Accrued liabilities(3,829)
Income tax payable(8,617)
Contract liability(64)
Deferred tax liability(43,137)
Other long-term liabilities(14,579)
Total identifiable net assets 77,014 
Redeemable noncontrolling interests(53,569)
Goodwill125,377 
Total purchase consideration$148,822 
Schedule of intangible assets acquired and weighted average amortization period
The following table details the major groups of intangible assets acquired and the weighted average amortization period for these assets:

AmountWeighted-average life
(Dollar amounts in thousands)
Customer relationships$26,315 15
Trademark6,579 10
Software packages93,981 10
Total$126,875 11
v3.26.1
Property and Equipment, net (Tables)
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Summary of property and equipment, net
Property and equipment, net consisted of the following:
(Dollar amounts in thousands)Useful life
in years		March 31, 2026December 31, 2025
Buildings30$2,356 $2,202 
Data processing equipment
3 - 5
163,372 163,160 
Furniture and equipment
3 - 10
10,212 9,285 
Leasehold improvements
5 -10
4,930 4,737 
180,870 179,384 
Less - accumulated depreciation and amortization(116,750)(116,558)
Depreciable assets, net64,120 62,826 
Land1,640 1,528 
Property and equipment, net$65,760 $64,354 
v3.26.1
Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of changes in carrying amount of goodwill allocated by reportable segments
The changes in the carrying amount of goodwill, allocated by reporting unit, were as follows:
(In thousands)Payment
Services -
Puerto Rico & Caribbean		Latin America Payments and SolutionsMerchant
Acquiring, net		Business
Solutions		Total
Balance at December 31, 2025$160,972 $552,889 $138,121 $40,010 $891,992 
Measurement period adjustment for prior year acquisition— 1,569 — — 1,569 
Foreign currency translation adjustments— 24,595 — — 24,595 
Balance at March 31, 2026$160,972 $579,053 $138,121 $40,010 $918,156 
Summary of carrying amount of other intangible assets
The carrying amount of other intangible assets at March 31, 2026 and December 31, 2025 was as follows:
  March 31, 2026
(Dollar amounts in thousands)Useful life in yearsGross
amount		Accumulated
amortization		Net carrying
amount
Customer relationships
5 - 20
$561,289 $(390,559)$170,730 
Trademarks
3 - 15
98,338 (61,525)$36,813 
Software packages
3 - 10
606,046 (260,449)$345,597 
Non-compete agreement53,758 (1,709)$2,049 
Other intangible assets, net$1,269,431 $(714,242)$555,189 
  December 31, 2025
(Dollar amounts in thousands)Useful life in years Gross
amount		Accumulated
amortization		Net carrying
amount
Customer relationships
5 - 20
$556,914 $(385,144)$171,770 
Trademarks
3 - 15
95,573 (58,464)37,109 
Software packages
3 - 10
579,657 (237,571)342,086 
Non-compete agreement53,573 (1,456)2,117 
Other intangible assets, net$1,235,717 $(682,635)$553,082 
Summary of estimated amortization expenses
The estimated amortization expense of the other intangible balances outstanding at March 31, 2026, for the remainder of 2026 and the years thereafter is as follows:
(In thousands)
Remaining 2026$81,438 
2027113,150 
202895,462 
202971,879 
203054,222 
Thereafter139,038 
v3.26.1
Debt and Short-Term Borrowings (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Summary of Total Debt
Debt at March 31, 2026 and December 31, 2025 was as follows:
(In thousands)March 31, 2026December 31, 2025
2027 Term A Loan bearing interest at a variable interest rate (SOFR plus applicable margin(1)(2))
$398,059 $403,770 
2030 Term B Loan bearing interest at a variable interest rate (SOFR plus applicable margin(1)(3))
673,866 673,127 
Revolving Facility(4)
25,000 10,000 
Deferred consideration from business combinations2,320 6,175 
Note payable due on September 1, 2030(1)
5,550 5,808 
Total debt$1,104,795 $1,098,880 
 
(1)Net of unaccreted discount and unamortized debt issue costs, as applicable.
(2)Subject to a minimum rate ("SOFR floor") of 0.00% plus applicable margin of 2.00% at March 31, 2026 and 1.75% at December 31, 2025.
(3)Subject to a SOFR floor of 0.50% plus applicable margin of 2.25% at March 31, 2026 and December 31, 2025.
(4)Subject to a Prime rate of 6.75% plus applicable margin of 1.00% at March 31, 2026 and 6.75% plus applicable margin of 0.75% at December 31, 2025.
Schedule of Interest Rate Swap Transaction
Swap AgreementEffective date  Maturity Date  Notional Amount  Variable Rate  Fixed Rate
2023 SwapNovember 2024December 2027$250 million1-month SOFR3.375%
2024 SwapMarch 2024October 2027$150 million1-month SOFR4.182%
2024 SwapMarch 2024October 2027$150 million1-month SOFR4.172%
v3.26.1
Financial Instruments and Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair value measurements for assets and liabilities at fair value on recurring basis
The following table presents assets and liabilities measured at fair value on a recurring basis at March 31, 2026 and December 31, 2025:
March 31, 2026
December 31, 2025
(In thousands)
Level 2
Level 3
Measured at NAV
Total
Level 2
Level 3
Measured at NAV
Total
Financial assets:
Debt securities AFS
$3,762 $— $— $3,762 $3,202 $— $— $3,202 
Equity securities
— — 6,102 6,102 — — 5,849 5,849 
Interest rate swaps
962 — — 962 — — — — 
Financial liabilities:
Interest rate swaps
2,500 — — 2,500 5,225 — — 5,225 
Summary of carrying value and estimated fair values for financial instruments
The following table presents the carrying value and estimated fair value for financial instruments at March 31, 2026 and December 31, 2025:
 March 31, 2026December 31, 2025
(In thousands)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Financial liabilities:
2027 Term A Loan Facility$398,059 $398,271 $403,770 $405,737 
2030 Term B Loan Facility$673,866 $687,413 $673,127 $690,000 
Revolving Facility$25,000 $25,000 $10,000 $10,000 
v3.26.1
Redeemable Noncontrolling Interests (Tables)
 3 Months Ended
Mar. 31, 2026
Redeemable Noncontrolling Interest [Abstract]  
Summary of terms and changes in redeemable noncontrolling interests The following table summarizes the terms of the issued options:
Percentage of redeemable noncontrolling interestEarliest exercise dateFormula of redemption value
Rosk Software S.A.49.00%March 15, 2026Variable multiple of gross sales dependent upon EBITDA margin attained times percentage of ownership
Compliasset Software e Solucoes Digitais LTDA.40.00%March 15, 2026Variable multiple of net sales dependent upon EBITDA margin attained plus working capital, plus net debt times percentage of ownership
Lote45 Participacoes S.A.43.68%January 1, 2027
Variable multiple of net sales dependent upon EBITDA margin attained plus net debt minus BRL$10.0 million times percentage of ownership
Tecnobank Tecnologia Bancária S.A.25.00%April 30, 2029    Variable multiple of net sales dependent upon EBITDA margin less net debt at the payment date times percentage of ownership
The following table presents changes in RNCI:
(In thousands)Redeemable noncontrolling interests
March 31, 2026December 31, 2025
Beginning balance$89,155 $43,460 
Fair value of redeemable non-controlling interest at acquisition date— 53,569 
Net income attributable non-controlling interests1,008 3,177 
Acquisition of shares from non-controlling interest(1,673)(7,276)
Adjustment of redeemable non-controlling interests to redemption value5,756 1,180 
Dividends declared on redeemable non-controlling interests— (4,976)
Foreign currency translation adjustments(18)21 
Ending balance$94,228 $89,155 
v3.26.1
Equity (Tables)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Summary of changes in balances of accumulated other comprehensive income (loss)
The following table provides a summary of the changes in the balances of accumulated other comprehensive loss for the three months ended March 31, 2026: 
(In thousands)Foreign Currency
Translation
Adjustments		Cash Flow HedgesUnrealized Gains (Losses) on Debt Securities AFSTotal
Balance - December 31, 2025, net of tax$(63,416)$(3,331)$39 $(66,708)
Other comprehensive income (loss) before reclassifications49,574 2,571 (4)52,141 
Effective portion reclassified to net income— 178 — 178 
Balance - March 31, 2026, net of tax$(13,842)$(582)$35 $(14,389)
v3.26.1
Share-based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of nonvested RSUs activity
The following table summarizes nonvested RSUs activity for the three months ended March 31, 2026:
Nonvested RSUsSharesWeighted-average
grant date fair value
Nonvested at December 31, 20252,034,626 $38.59 
Granted1,157,356 31.42 
Vested(805,885)38.71 
Forfeited(14,993)36.80 
Nonvested at March 31, 20262,371,104 $35.11 
v3.26.1
Revenues (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Summary of disaggregation of revenue
In the following tables, revenue for each segment, excluding intersegment revenues, is disaggregated by timing of revenue
recognition for the periods indicated.

Three months ended March 31, 2026
(In thousands)Payment Services - Puerto Rico & CaribbeanLatin America Payments and SolutionsMerchant Acquiring, netBusiness SolutionsTotal
Timing of revenue recognition
Products and services transferred at a point in time$24 $2,350 $— $2,264 $4,638 
Products and services transferred over time37,905 99,701 48,405 57,274 243,285 
$37,929 $102,051 $48,405 $59,538 $247,923 


Three months ended March 31, 2025
(In thousands)Payment Services - Puerto Rico & CaribbeanLatin America Payments and SolutionsMerchant Acquiring, netBusiness SolutionsTotal
Timing of revenue recognition
Products and services transferred at a point in time$58 $1,766 $— $4,260 $6,084 
Products and services transferred over time37,241 76,514 47,649 61,304 222,708 
$37,299 $78,280 $47,649 $65,564 $228,792 
v3.26.1
Current Expected Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Schedule of allowance for credit losses on trade receivables
The following table provides information about the allowance for expected current credit losses on trade receivables for the three months ended March 31, 2026 and the year ended December 31, 2025:
(In thousands)March 31, 2026December 31, 2025
Balance at beginning of period$3,208 $2,856 
Current period provision for expected credit losses579 727 
Write-offs(18)(379)
Recoveries of amounts previously written-off— 4 
Balance at end of period$3,769 $3,208 
v3.26.1
Net Income Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of reconciliation of numerator and denominator of net income per common share
The reconciliation of the numerator and the denominator of net income per common share is as follows:
 Three Months Ended March 31,
(In thousands, except per share information)20262025
Net income available to EVERTEC, Inc.’s common shareholders$23,751 $32,703 
Weighted average common shares outstanding61,795,539 63,737,480 
Weighted average potential dilutive common shares (1)
783,365 1,099,102 
Weighted average common shares outstanding - assuming dilution62,578,904 64,836,582 
Net income per common share - basic$0.38 $0.51 
Net income per common share - diluted$0.38 $0.50 
 
(1)Potential common shares consist of common stock issuable under RSUs awards using the treasury stock method.
v3.26.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Summary of information about operations by business segments
The following tables set forth information about the Company’s operations by its four reportable segments for the periods indicated:

Three Months Ended March 31, 2026
(In thousands)Payment
Services -
Puerto Rico & Caribbean		Latin America Payments and SolutionsMerchant
Acquiring, net		Business
Solutions		Total Reportable Segments
Total revenues$37,929 $102,051 $48,405 $59,538 $247,923 
Intersegment revenues20,516 8,279 — — 28,795 
Total segment revenues(1)
58,445 110,330 48,405 59,538 276,718 
Less: Other segment items(2)
(23,705)(77,530)(28,887)(37,901)(168,023)
Segment Adjusted EBITDA$34,740 $32,800 $19,518 $21,637 $108,695 
(1)Total segment revenues include intersegment revenues eliminated on a consolidated basis.   Intersegment revenue eliminations predominantly reflect the $15.7 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $8.3 million from Latin America Payments and Solutions to both Payment Services- Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $4.9 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions.
(2)For each reportable segment, other segment items category includes: cost of revenues and selling, general and administrative expenses, exclusive of depreciation and amortization. These amounts are adjusted to exclude certain items such as: share-based compensation costs, severance payments, equity investment income net of dividends received, foreign currency remeasurement for assets and liabilities in non-functional currency, and expenses from corporate transactions as defined in the Credit Agreement to determine Segment Adjusted EBITDA.
Three Months Ended March 31, 2025
(In thousands)Payment
Services -
Puerto Rico & Caribbean		Latin America Payments and SolutionsMerchant
Acquiring, net		Business
Solutions		Total Reportable Segments
Total revenues$37,299 $78,280 $47,649 $65,564 $228,792 
Intersegment revenues17,858 5,495 — — 23,353 
Total segment revenues(1)
55,157 83,775 47,649 65,564 252,145 
Less: Other segment items(2)
(23,719)(58,880)(27,290)(43,353)(153,242)
Segment Adjusted EBITDA$31,438 $24,895 $20,359 $22,211 $98,903 
(1)Total segment revenues include intersegment revenues eliminated on a consolidated basis.  Intersegment revenue eliminations predominantly reflect the $14.4 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $5.5 million from Latin America Payments and Solutions to both Payment Services - Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $3.5 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions.
(2)For each reportable segment, other segment items category includes: cost of revenues and selling, general and administrative expenses, exclusive of depreciation and amortization. These amounts are adjusted to exclude certain items such as: share-based compensation costs, severance payments, equity investment income net of dividends received, foreign currency remeasurement for assets and liabilities in non-functional currency, and expenses from corporate transactions as defined in the Credit Agreement to determine Segment Adjusted EBITDA.
Reconciliation of EBITDA to consolidated net income
The reconciliation of Segment Adjusted EBITDA to consolidated income before income taxes is as follows:
 Three months ended March 31,
(In thousands)20262025
Segment Adjusted EBITDA$108,695 $98,903 
Elimination of intersegment revenues(28,795)(23,353)
Other corporate expenses(1)
17,146 13,889 
Compensation and benefits(2)
(13,298)(11,620)
Transaction, refinancing and other fees(3)
(1,729)374 
Earnings of equity method investments, net of dividends received1,446 2,077 
Loss on foreign currency remeasurement(4)
(3,726)(833)
Interest income3,860 3,251 
Interest expense(17,357)(16,988)
Depreciation and amortization(37,263)(28,473)
Income before income taxes$28,979 $37,227 
(1)The other corporate expenses category consists of corporate overhead expenses and other non-operating expenses that are not included in the reportable segment, as well as intersegment eliminations.
(2)Primarily represents share-based compensation and severance payments.
(3)Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement and the elimination of unrealized earnings from equity investments, net of dividends received.
(4)Represents non-cash unrealized gains (losses) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies.
v3.26.1
Supplemental Statement of Cash Flows Information (Tables)
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of supplemental cash flow information
Supplemental statement of cash flows information is as follows:
Three months ended March 31,
(In thousands)20262025
Supplemental disclosure of cash flow information:
Cash paid for interest $16,077 $15,966 
Cash paid for income taxes 9,765 5,692 
Supplemental disclosure of non-cash activities:
Payable due to vendor related to equipment and software acquired8,627 5,979 
Right-of-use assets obtained in exchange for operating lease liabilities120 1,715 

Reconciliation of cash, cash equivalents, restricted cash and cash included in settlement assets as presented on the cash flow statement was as follows:
March 31,
(In thousands)20262025
Cash and cash equivalents$290,886 $265,864 
Restricted cash23,550 24,198 
Cash and cash equivalents included in settlement assets14,017 17,556 
Cash, cash equivalents, restricted cash and cash included in settlement assets$328,453 $307,618 
v3.26.1
The Company and Basis of Presentation - Additional Information (Details)
Mar. 31, 2026
country
Accounting Policies [Abstract]  
Number of countries where services are provided 26
v3.26.1
Business Acquisition - Additional Information (Details) - Tecnobank Tecnologia Bancária S.A.
R$ in Millions, $ in Millions
Oct. 01, 2025
BRL (R$)
Oct. 01, 2025
USD ($)
Business Combination [Line Items]    
Percentage of shares acquired 75.00% 75.00%
Aggregate purchase price R$ 791 $ 150
v3.26.1
Business Acquisition - Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Oct. 01, 2025
Business Combination [Line Items]      
Goodwill $ 918,156 $ 891,992  
Tecnobank Tecnologia Bancária S.A.      
Business Combination [Line Items]      
Cash and cash equivalents     $ 4,784
Accounts receivable, net     2,571
Prepaid expenses and other assets     7,604
Property and equipment, net     298
Long-term deferred tax asset     5,459
Other intangible assets, net     126,875
Other long-term assets     118
Accounts payable     (469)
Accrued liabilities     (3,829)
Income tax payable     (8,617)
Contract liability     (64)
Deferred tax liability     (43,137)
Other long-term liabilities     (14,579)
Total identifiable net assets     77,014
Redeemable noncontrolling interests     (53,569)
Goodwill     125,377
Total purchase consideration     $ 148,822
v3.26.1
Business Acquisition - Intangible Assets Acquired (Details) - Tecnobank Tecnologia Bancária S.A.
$ in Thousands
Oct. 01, 2025
USD ($)
Business Combination [Line Items]  
Amount $ 126,875
Weighted-average life 11 years
Customer relationships  
Business Combination [Line Items]  
Amount $ 26,315
Weighted-average life 15 years
Trademark  
Business Combination [Line Items]  
Amount $ 6,579
Weighted-average life 10 years
Software packages  
Business Combination [Line Items]  
Amount $ 93,981
Weighted-average life 10 years
v3.26.1
Property and Equipment, net - Property and Equipment, Net (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Property and Equipment, net    
Property and equipment, gross $ 180,870 $ 179,384
Less - accumulated depreciation and amortization (116,750) (116,558)
Property and equipment, net 64,120 62,826
Land 1,640 1,528
Property and equipment, net $ 65,760 64,354
Buildings    
Property and Equipment, net    
Useful life in years 30 years  
Property and equipment, gross $ 2,356 2,202
Data processing equipment    
Property and Equipment, net    
Property and equipment, gross $ 163,372 163,160
Data processing equipment | Minimum    
Property and Equipment, net    
Useful life in years 3 years  
Data processing equipment | Maximum    
Property and Equipment, net    
Useful life in years 5 years  
Furniture and equipment    
Property and Equipment, net    
Property and equipment, gross $ 10,212 9,285
Furniture and equipment | Minimum    
Property and Equipment, net    
Useful life in years 3 years  
Furniture and equipment | Maximum    
Property and Equipment, net    
Useful life in years 10 years  
Leasehold improvements    
Property and Equipment, net    
Property and equipment, gross $ 4,930 $ 4,737
Leasehold improvements | Minimum    
Property and Equipment, net    
Useful life in years 5 years  
Leasehold improvements | Maximum    
Property and Equipment, net    
Useful life in years 10 years  
v3.26.1
Property and Equipment, net - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Property, Plant and Equipment [Abstract]    
Depreciation and amortization expense related to property and equipment $ 5.8 $ 5.4
v3.26.1
Goodwill and Other Intangible Assets - Goodwill by Segment (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
USD ($)
Changes in the Carrying Amount of Goodwill  
Beginning balance $ 891,992
Measurement period adjustment for prior year acquisition 1,569
Foreign currency translation adjustments 24,595
Ending balance 918,156
Payment Services - Puerto Rico & Caribbean  
Changes in the Carrying Amount of Goodwill  
Beginning balance 160,972
Measurement period adjustment for prior year acquisition 0
Foreign currency translation adjustments 0
Ending balance 160,972
Latin America Payments and Solutions  
Changes in the Carrying Amount of Goodwill  
Beginning balance 552,889
Measurement period adjustment for prior year acquisition 1,569
Foreign currency translation adjustments 24,595
Ending balance 579,053
Merchant Acquiring, net  
Changes in the Carrying Amount of Goodwill  
Beginning balance 138,121
Measurement period adjustment for prior year acquisition 0
Foreign currency translation adjustments 0
Ending balance 138,121
Business Solutions  
Changes in the Carrying Amount of Goodwill  
Beginning balance 40,010
Measurement period adjustment for prior year acquisition 0
Foreign currency translation adjustments 0
Ending balance $ 40,010
v3.26.1
Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]    
Amortization expense for intangible assets $ 31.5 $ 23.0
v3.26.1
Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Gross amount $ 1,269,431 $ 1,235,717
Accumulated amortization (714,242) (682,635)
Net carrying amount 555,189 553,082
Customer relationships    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Gross amount 561,289 556,914
Accumulated amortization (390,559) (385,144)
Net carrying amount $ 170,730 $ 171,770
Customer relationships | Minimum    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Useful life in years 5 years 5 years
Customer relationships | Maximum    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Useful life in years 20 years 20 years
Trademarks    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Gross amount $ 98,338 $ 95,573
Accumulated amortization (61,525) (58,464)
Net carrying amount $ 36,813 $ 37,109
Trademarks | Minimum    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Useful life in years 3 years 3 years
Trademarks | Maximum    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Useful life in years 15 years 15 years
Software packages    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Gross amount $ 606,046 $ 579,657
Accumulated amortization (260,449) (237,571)
Net carrying amount $ 345,597 $ 342,086
Software packages | Minimum    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Useful life in years 3 years 3 years
Software packages | Maximum    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Useful life in years 10 years 10 years
Non-compete agreement    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Useful life in years 5 years 5 years
Gross amount $ 3,758 $ 3,573
Accumulated amortization (1,709) (1,456)
Net carrying amount $ 2,049 $ 2,117
v3.26.1
Goodwill and Other Intangible Assets - Estimated Amortization Expenses (Details)
$ in Thousands
Mar. 31, 2026
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
Remaining 2026 $ 81,438
2027 113,150
2028 95,462
2029 71,879
2030 54,222
Thereafter $ 139,038
v3.26.1
Debt and Short-Term Borrowings - Total Debt (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Debt Instrument [Line Items]    
Deferred consideration from business combinations $ 2,320 $ 6,175
Total debt 1,104,795 1,098,880
Note Payable    
Debt Instrument [Line Items]    
Long-term debt 5,550 5,808
2027 Term A Loan Facility | Credit Facility    
Debt Instrument [Line Items]    
2027 Term A Loan and 2030 Term B Loan bearing interest at a variable interest rate (SOFR plus applicable margin) $ 398,059 $ 403,770
2027 Term A Loan Facility | Credit Facility | Secured Overnight Financing Rate (SOFR)    
Debt Instrument [Line Items]    
Minimum variable rate floor 0.00% 0.00%
Fixed Rate 2.00% 1.75%
2030 Term B Loan Facility | Credit Facility    
Debt Instrument [Line Items]    
2027 Term A Loan and 2030 Term B Loan bearing interest at a variable interest rate (SOFR plus applicable margin) $ 673,866 $ 673,127
2030 Term B Loan Facility | Credit Facility | Secured Overnight Financing Rate (SOFR)    
Debt Instrument [Line Items]    
Minimum variable rate floor 0.50% 0.50%
Fixed Rate 2.25% 2.25%
Revolving Facility | Credit Facility    
Debt Instrument [Line Items]    
Long-term debt $ 25,000 $ 10,000
Revolving Facility | Credit Facility | Prime Rate    
Debt Instrument [Line Items]    
Minimum variable rate floor 6.75% 6.75%
Fixed Rate 1.00% 0.75%
v3.26.1
Debt and Short-Term Borrowings - Additional Information (Details)
$ in Thousands
 1 Months Ended 3 Months Ended
Sep. 30, 2023
USD ($)
Mar. 31, 2026
USD ($)
derivative_instrument
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Nov. 25, 2025
USD ($)
Oct. 30, 2023
USD ($)
Dec. 01, 2022
USD ($)
Debt Instrument [Line Items]              
Deferred consideration for business combinations   $ 2,300   $ 6,200      
Derivative asset   962   0      
Derivative liability   2,500   5,225      
Gains reclassified from accumulated other comprehensive income (loss) into interest expense   200 $ 700        
Losses expected to be reclassified from accumulated other comprehensive (loss) income into interest expense in the next 12 months   800          
Level 2              
Debt Instrument [Line Items]              
Derivative asset   962   0      
Derivative liability   2,500   5,225      
Level 2 | Carrying Amount              
Debt Instrument [Line Items]              
Derivative asset   1,000          
Derivative liability   $ 2,500   $ 5,200      
Interest Rate Swap              
Debt Instrument [Line Items]              
Number of interest rate swap agreements | derivative_instrument   3          
Minimum              
Debt Instrument [Line Items]              
Deferred consideration for business combinations, interest rate   8.20%          
Maximum              
Debt Instrument [Line Items]              
Deferred consideration for business combinations, interest rate   12.90%          
Financing Agreement 2023              
Debt Instrument [Line Items]              
Note payable $ 10,100 $ 5,500          
Financing Agreement 2023 | Notes Payable, Other Payables              
Debt Instrument [Line Items]              
Interest rate 6.90%            
2027 Term A Loan Facility | 2022 Credit Agreement | Credit Facility              
Debt Instrument [Line Items]              
Line of credit facility, maximum borrowing capacity             $ 415,000
Unpaid principal balance   399,800          
2027 Term A Loan Facility | 2023 Credit Agreement | Credit Facility              
Debt Instrument [Line Items]              
Line of credit facility, additional commitments           $ 60,000  
Revolving Facility | 2022 Credit Agreement | Credit Facility              
Debt Instrument [Line Items]              
Line of credit facility, maximum borrowing capacity         $ 150,000   200,000
Unpaid principal balance   25,000          
Line of credit, remaining borrowing capacity   169,400          
Bridge Loan | 2022 Credit Agreement | Credit Facility              
Debt Instrument [Line Items]              
Line of credit facility, maximum borrowing capacity             $ 20,000
2030 Term B Loan Facility | 2022 Credit Agreement | Credit Facility              
Debt Instrument [Line Items]              
Unpaid principal balance   $ 690,000          
2030 Term B Loan Facility | 2023 Credit Agreement | Credit Facility              
Debt Instrument [Line Items]              
Line of credit facility, maximum borrowing capacity           $ 600,000  
v3.26.1
Debt and Short-Term Borrowings - Interest Rate Swaps (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
2023 Swap  
Derivative [Line Items]  
Notional Amount $ 250
Fixed Rate 3.375%
2024 Swap, 4.182% Fixed Rate  
Derivative [Line Items]  
Notional Amount $ 150
Fixed Rate 4.182%
2024 Swap, 4.172% Fixed Rate  
Derivative [Line Items]  
Notional Amount $ 150
Fixed Rate 4.172%
v3.26.1
Financial Instruments and Fair Value Measurements - Fair Value Measurements for Assets and Liabilities at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Financial assets:    
Debt securities AFS $ 3,762 $ 3,202
Equity securities 6,102 5,849
Interest rate swaps 962 0
Financial liabilities:    
Interest rate swaps 2,500 5,225
Level 2    
Financial assets:    
Interest rate swaps 962 0
Financial liabilities:    
Interest rate swaps 2,500 5,225
Level 2 | Sinqia, S.A.    
Financial assets:    
Equity securities 0 0
Level 2 | Debt securities AFS    
Financial assets:    
Debt securities AFS 3,762 3,202
Level 3    
Financial assets:    
Interest rate swaps 0 0
Financial liabilities:    
Interest rate swaps 0 0
Level 3 | Sinqia, S.A.    
Financial assets:    
Equity securities 0 0
Level 3 | Debt securities AFS    
Financial assets:    
Debt securities AFS 0 0
Measured at NAV | Sinqia, S.A.    
Financial assets:    
Equity securities $ 6,102 $ 5,849
v3.26.1
Financial Instruments and Fair Value Measurements - Additional Information (Details) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Fair Value Disclosures [Abstract]    
Proceeds from sale of available-for-sale debt securities $ 0 $ 0
Purchase of available-for sale debt securities $ 500,000 $ 0
v3.26.1
Financial Instruments and Fair Value Measurements - Carrying Value and Estimated Fair Values (Details) - Credit Facility - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Carrying Amount | 2027 Term A Loan Facility    
Financial liabilities:    
Loan Facility $ 398,059 $ 403,770
Carrying Amount | 2030 Term B Loan Facility    
Financial liabilities:    
Loan Facility 673,866 673,127
Carrying Amount | Revolving Facility    
Financial liabilities:    
Loan Facility 25,000 10,000
Fair Value | 2027 Term A Loan Facility    
Financial liabilities:    
Loan Facility 398,271 405,737
Fair Value | 2030 Term B Loan Facility    
Financial liabilities:    
Loan Facility 687,413 690,000
Fair Value | Revolving Facility    
Financial liabilities:    
Loan Facility $ 25,000 $ 10,000
v3.26.1
Redeemable Noncontrolling Interests - Summary of Terms (Details)
Mar. 31, 2026
BRL (R$)
Rosk Software S.A.  
Redeemable Noncontrolling Interest [Line Items]  
Percentage of redeemable noncontrolling interest 49.00%
Compliasset Software e Solucoes Digitais LTDA.  
Redeemable Noncontrolling Interest [Line Items]  
Percentage of redeemable noncontrolling interest 40.00%
Lote45 Participacoes S.A.  
Redeemable Noncontrolling Interest [Line Items]  
Percentage of redeemable noncontrolling interest 43.68%
Redeemable noncontrolling interest, redemption value criteria, value subtracted from formula R$ 10,000,000.0
Tecnobank Tecnologia Bancária S.A.  
Redeemable Noncontrolling Interest [Line Items]  
Percentage of redeemable noncontrolling interest 25.00%
v3.26.1
Redeemable Non-controlling Interests - Changes in Redeemable Non-controlling Interests (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Redeemable Noncontrolling Interest [Roll Forward]    
Beginning balance $ 89,155 $ 43,460
Fair value of redeemable non-controlling interest at acquisition date 0 53,569
Net income attributable non-controlling interests 1,008 3,177
Acquisition of shares from non-controlling interest (1,673) (7,276)
Adjustment of redeemable non-controlling interests to redemption value 5,756 1,180
Dividends declared on redeemable non-controlling interests 0 (4,976)
Foreign currency translation adjustments (18) 21
Ending balance $ 94,228 $ 89,155
v3.26.1
Redeemable Non-controlling Interests - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Redeemable Noncontrolling Interest [Line Items]    
Adjustment of redeemable noncontrolling interest to redemption value $ (6,470) $ (1,220)
Acquisition of redeemable non-controlling interest 2,389 5,167
Additional Paid-in Capital    
Redeemable Noncontrolling Interest [Line Items]    
Adjustment of redeemable noncontrolling interest to redemption value $ (186) $ (1,220)
Lote45 Participacoes S.A.    
Redeemable Noncontrolling Interest [Line Items]    
Ownership percentage 4.32%  
Acquisition of redeemable non-controlling interest $ 2,400  
Lote45 Participacoes S.A. | Additional Paid-in Capital    
Redeemable Noncontrolling Interest [Line Items]    
Adjustment of redeemable noncontrolling interest to redemption value $ 700  
v3.26.1
Equity - Changes in Accumulated Other Comprehensive Loss (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
USD ($)
Changes in Accumulated Other Comprehensive Income (Loss)  
Beginning balance $ 624,837
Ending balance 671,592
Total  
Changes in Accumulated Other Comprehensive Income (Loss)  
Beginning balance (66,708)
Other comprehensive income (loss) before reclassifications 52,141
Effective portion reclassified to net income 178
Ending balance (14,389)
Foreign Currency Translation Adjustments  
Changes in Accumulated Other Comprehensive Income (Loss)  
Beginning balance (63,416)
Other comprehensive income (loss) before reclassifications 49,574
Effective portion reclassified to net income 0
Ending balance (13,842)
Cash Flow Hedges  
Changes in Accumulated Other Comprehensive Income (Loss)  
Beginning balance (3,331)
Other comprehensive income (loss) before reclassifications 2,571
Effective portion reclassified to net income 178
Ending balance (582)
Unrealized Gains (Losses) on Debt Securities AFS  
Changes in Accumulated Other Comprehensive Income (Loss)  
Beginning balance 39
Other comprehensive income (loss) before reclassifications (4)
Effective portion reclassified to net income 0
Ending balance $ 35
v3.26.1
Share-based Compensation - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based compensation expenses $ 7.6 $ 7.2
Restricted Stock Units    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Maximum unrecognized cost for stocks and RSU's $ 64.3  
Unrecognized compensation cost, weighted average period of recognition (in years) 2 years 3 months 18 days  
Time Based Awards | Long-term Incentive Plan ("LTIP")    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Vesting period (in years) 3 years  
Awards with Performance Conditions | 2024 Long-term Incentive Plan ("LTIP")    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Vesting period (in years) 3 years  
Performance adjustment percent 25.00%  
Performance measurement period (in years) 1 year  
Requisite service period (in years) 2 years  
Awards with Performance Conditions | 2025 Long-term Incentive Plan ("LTIP")    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Vesting period (in years) 3 years  
Performance adjustment percent 25.00%  
Requisite service period (in years) 2 years  
Awards with Performance Conditions | 2026 Long-term Incentive Plan ("LTIP")    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Vesting period (in years) 3 years  
Performance adjustment percent 35.00%  
Performance measurement period (in years) 1 year  
Requisite service period (in years) 3 years  
Awards with Performance Conditions | Minimum | 2024 Long-term Incentive Plan ("LTIP")    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Performance payout percent 0.00%  
Awards with Performance Conditions | Minimum | 2025 Long-term Incentive Plan ("LTIP")    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Performance payout percent 0.00%  
Awards with Performance Conditions | Maximum | 2024 Long-term Incentive Plan ("LTIP")    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Performance payout percent 200.00%  
Awards with Performance Conditions | Maximum | 2025 Long-term Incentive Plan ("LTIP")    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Performance payout percent 200.00%  
v3.26.1
Share-based Compensation - Nonvested Restricted Shares and RSUs Activity (Details) - Restricted Stock Units (RSUs)
 3 Months Ended
Mar. 31, 2026
$ / shares
shares
Shares  
Beginning balance (in shares) | shares 2,034,626
Granted (in shares) | shares 1,157,356
Vested (in shares) | shares (805,885)
Forfeited (in shares) | shares (14,993)
Ending balance (in shares) | shares 2,371,104
Weighted-average grant date fair value  
Beginning balance (in usd per share) | $ / shares $ 38.59
Granted (in usd per share) | $ / shares 31.42
Vested (in usd per share) | $ / shares 38.71
Forfeited (in usd per share) | $ / shares 36.80
Ending balance (in usd per share) | $ / shares $ 35.11
v3.26.1
Revenues - Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Disaggregation of Revenue [Line Items]    
Total revenues $ 247,923 $ 228,792
Products and services transferred at a point in time    
Disaggregation of Revenue [Line Items]    
Total revenues 4,638 6,084
Products and services transferred over time    
Disaggregation of Revenue [Line Items]    
Total revenues 243,285 222,708
Payment Services - Puerto Rico & Caribbean    
Disaggregation of Revenue [Line Items]    
Total revenues 37,929 37,299
Payment Services - Puerto Rico & Caribbean | Products and services transferred at a point in time    
Disaggregation of Revenue [Line Items]    
Total revenues 24 58
Payment Services - Puerto Rico & Caribbean | Products and services transferred over time    
Disaggregation of Revenue [Line Items]    
Total revenues 37,905 37,241
Latin America Payments and Solutions    
Disaggregation of Revenue [Line Items]    
Total revenues 102,051 78,280
Latin America Payments and Solutions | Products and services transferred at a point in time    
Disaggregation of Revenue [Line Items]    
Total revenues 2,350 1,766
Latin America Payments and Solutions | Products and services transferred over time    
Disaggregation of Revenue [Line Items]    
Total revenues 99,701 76,514
Merchant Acquiring, net    
Disaggregation of Revenue [Line Items]    
Total revenues 48,405 47,649
Merchant Acquiring, net | Products and services transferred at a point in time    
Disaggregation of Revenue [Line Items]    
Total revenues 0 0
Merchant Acquiring, net | Products and services transferred over time    
Disaggregation of Revenue [Line Items]    
Total revenues 48,405 47,649
Business Solutions    
Disaggregation of Revenue [Line Items]    
Total revenues 59,538 65,564
Business Solutions | Products and services transferred at a point in time    
Disaggregation of Revenue [Line Items]    
Total revenues 2,264 4,260
Business Solutions | Products and services transferred over time    
Disaggregation of Revenue [Line Items]    
Total revenues $ 57,274 $ 61,304
v3.26.1
Revenues - Additional Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Product Information [Line Items]      
Accounts receivable, net $ 176,398   $ 164,381
Contract assets 15,500   13,900
Contract liability 30,382   26,573
Contract liability - long term 42,703   47,032
Revenue recognized 8,200 $ 10,400  
Popular      
Product Information [Line Items]      
Accounts receivable, net $ 38,300   $ 41,400
Total Revenue | Customer Concentration Risk | Popular      
Product Information [Line Items]      
Total percentage of revenues from Popular 26.00% 31.00%  
v3.26.1
Revenues - Additional Information, Performance Obligation (Details) - Professional Services, All Other Contracts
$ in Millions
Mar. 31, 2026
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Transaction price allocated to performance obligations that are unsatisfied or partially satisfied $ 694.7
Revenue, remaining performance obligations, expected period of recognition 6 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Revenue, remaining performance obligation (in percent) 29.00%
Revenue, remaining performance obligation, period of expected timing of satisfaction (in years) 9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Revenue, remaining performance obligation (in percent) 33.00%
Revenue, remaining performance obligation, period of expected timing of satisfaction (in years) 1 year
v3.26.1
Current Expected Credit Losses - Allowance Activity (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Financing Receivable, Allowance for Credit Loss [Roll Forward]    
Balance at beginning of period $ 3,208 $ 2,856
Current period provision for expected credit losses 579 727
Write-offs (18) (379)
Recoveries of amounts previously written-off 0 4
Balance at end of period $ 3,769 $ 3,208
v3.26.1
Income Tax - Additional Information (Details)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Tax Disclosure [Abstract]    
Effective tax rate (in percent) 14.60% 11.10%
v3.26.1
Net Income Per Common Share - Reconciliation of Income Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Earnings Per Share [Abstract]    
Net income available to EVERTEC, Inc.’s common shareholders $ 23,751 $ 32,703
Weighted average common shares outstanding (in shares) 61,795,539 63,737,480
Weighted average potential dilutive common shares (in shares) 783,365 1,099,102
Weighted average common shares outstanding - assuming dilution (in shares) 62,578,904 64,836,582
Net income per common share - basic (in usd per share) $ 0.38 $ 0.51
Net income per common share - diluted (in usd per share) $ 0.38 $ 0.50
v3.26.1
Net Income Per Common Share - Additional Information (Details) - $ / shares
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Earnings Per Share [Abstract]    
Cash dividends declared on common stock (in usd per share) $ 0.05 $ 0.05
v3.26.1
Segment Information - Additional Information (Details)
 3 Months Ended
Mar. 31, 2026
segment
Segment Reporting [Abstract]  
Number of reportable segments 4
Number of operating segments 4
v3.26.1
Segment Information - Information about Operations by Business Segments (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Total revenues $ 247,923 $ 228,792
Segment Adjusted EBITDA 108,695 98,903
Payment Services - Puerto Rico & Caribbean    
Segment Reporting Information [Line Items]    
Total revenues 37,929 37,299
Latin America Payments and Solutions    
Segment Reporting Information [Line Items]    
Total revenues 102,051 78,280
Merchant Acquiring, net    
Segment Reporting Information [Line Items]    
Total revenues 48,405 47,649
Business Solutions    
Segment Reporting Information [Line Items]    
Total revenues 59,538 65,564
Intersegment Eliminations    
Segment Reporting Information [Line Items]    
Total revenues (28,795) (23,353)
Intersegment Eliminations | Payment Services - Puerto Rico & Caribbean    
Segment Reporting Information [Line Items]    
Total revenues (20,516) (17,858)
Intersegment Eliminations | Payment Services - Puerto Rico & Caribbean | Processing Fee    
Segment Reporting Information [Line Items]    
Total revenues (15,700) (14,400)
Intersegment Eliminations | Payment Services - Puerto Rico & Caribbean | Software Sale and Developments    
Segment Reporting Information [Line Items]    
Total revenues (8,300) (5,500)
Intersegment Eliminations | Payment Services - Puerto Rico & Caribbean | Transaction Processing and Monitoring Fees    
Segment Reporting Information [Line Items]    
Total revenues (4,900) (3,500)
Intersegment Eliminations | Latin America Payments and Solutions    
Segment Reporting Information [Line Items]    
Total revenues (8,279) (5,495)
Intersegment Eliminations | Merchant Acquiring, net    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Intersegment Eliminations | Business Solutions    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Operating Segments    
Segment Reporting Information [Line Items]    
Total revenues 276,718 252,145
Less: Other segment items (168,023) (153,242)
Operating Segments | Payment Services - Puerto Rico & Caribbean    
Segment Reporting Information [Line Items]    
Total revenues 58,445 55,157
Less: Other segment items (23,705) (23,719)
Segment Adjusted EBITDA 34,740 31,438
Operating Segments | Latin America Payments and Solutions    
Segment Reporting Information [Line Items]    
Total revenues 110,330 83,775
Less: Other segment items (77,530) (58,880)
Segment Adjusted EBITDA 32,800 24,895
Operating Segments | Merchant Acquiring, net    
Segment Reporting Information [Line Items]    
Total revenues 48,405 47,649
Less: Other segment items (28,887) (27,290)
Segment Adjusted EBITDA 19,518 20,359
Operating Segments | Business Solutions    
Segment Reporting Information [Line Items]    
Total revenues 59,538 65,564
Less: Other segment items (37,901) (43,353)
Segment Adjusted EBITDA $ 21,637 $ 22,211
v3.26.1
Segment Information - Reconciliation of Segment Adjusted EBITDA to Consolidated Income Before Income Taxes (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Segment Adjusted EBITDA $ 108,695 $ 98,903
Total revenues 247,923 228,792
Loss on foreign currency remeasurement (3,726) (833)
Interest income 3,860 3,251
Interest expense (17,357) (16,988)
Depreciation and amortization (37,263) (28,473)
Income before income taxes 28,979 37,227
Intersegment Eliminations    
Segment Reporting Information [Line Items]    
Total revenues (28,795) (23,353)
Segment Reporting, Reconciling Item, Corporate Nonsegment    
Segment Reporting Information [Line Items]    
Other expenses 17,146 13,889
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment    
Segment Reporting Information [Line Items]    
Compensation and benefits (13,298) (11,620)
Transaction, refinancing and other fees (1,729) 374
Earnings of equity method investments, net of dividends received 1,446 2,077
Loss on foreign currency remeasurement (3,726) (833)
Interest income 3,860 3,251
Interest expense (17,357) (16,988)
Depreciation and amortization $ (37,263) $ (28,473)
v3.26.1
Supplemental Statement of Cash Flows Information - Supplemental Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 16,077 $ 15,966
Cash paid for income taxes 9,765 5,692
Supplemental disclosure of non-cash activities:    
Payable due to vendor related to equipment and software acquired 8,627 5,979
Right-of-use assets obtained in exchange for operating lease liabilities $ 120 $ 1,715
v3.26.1
Supplemental Statement of Cash Flows Information - Restricted Cash, and Cash Equivalents Reconciliation (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Cash and cash equivalents $ 290,886 $ 305,993 $ 265,864
Restricted cash 23,550 $ 25,838 24,198
Cash and cash equivalents included in settlement assets 14,017   17,556
Cash, cash equivalents, restricted cash and cash included in settlement assets $ 328,453   $ 307,618
v3.26.1
Subsequent Events (Details)
$ / shares in Units, R$ in Millions, $ in Millions
 3 Months Ended
Apr. 30, 2026
BRL (R$)
Apr. 30, 2026
USD ($)
$ / shares
Apr. 02, 2026
BRL (R$)
Apr. 02, 2026
USD ($)
Mar. 31, 2026
$ / shares
Mar. 31, 2025
$ / shares
Subsequent Event [Line Items]            
Cash dividends declared on common stock (in usd per share)         $ 0.05 $ 0.05
Subsequent Event            
Subsequent Event [Line Items]            
Cash dividends declared on common stock (in usd per share)   $ 0.05        
Rosk Software S.A. | Subsequent Event            
Subsequent Event [Line Items]            
Percentage of shares acquired     49.00% 49.00%    
Aggregate purchase price     R$ 85.3 $ 16.5    
Compliasset Software e Solucoes Digitais LTDA. | Subsequent Event            
Subsequent Event [Line Items]            
Percentage of shares acquired     40.00% 40.00%    
Aggregate purchase price     R$ 17.5 $ 3.4    
Dimensa | Subsequent Event            
Subsequent Event [Line Items]            
Percentage of shares acquired 100.00% 100.00%        
Aggregate purchase price R$ 981.0 $ 197.0