Revenue reached $283.0M in 2026Q3 with gross margin of 53.7% and operating margin of 17.9%, but quarterly gross margin swung from 37.3% to 53.7% and net income ranged from $5.4M to $35.6M over recent periods, suggesting volatile earnings quality.
EVERTEC, Inc. (EVTC) annual income statement — 15-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Sales/Revenue | 1.05B | 931.82M | 845.49M | 694.71M | 618.41M | 589.8M | 510.59M | 487.37M | 453.87M | 407.14M | 389.51M | 372.88M | 361.13M | 357.24M | 341.68M | 321.12M |
| Revenue Growth % | 16.29% | 10.21% | 21.7% | 12.34% | 4.85% | 15.51% | 4.76% | 7.38% | 11.48% | 4.53% | 4.46% | 3.26% | 1.09% | 4.55% | 6.4% | - |
| Cost of Goods Sold | 570.48M | 469.13M | 406.42M | 336.76M | 292.62M | 250.16M | 226.87M | 213.38M | 196.96M | 200.65M | 175.81M | 167.92M | 157.54M | 162.98M | 159.67M | 155.38M |
| COGS % of Revenue | - | 50.35% | 48.07% | 48.47% | 47.32% | 42.42% | 44.43% | 43.78% | 43.4% | 49.28% | 45.14% | 45.03% | 43.62% | 45.62% | 46.73% | 48.39% |
| Gross Profit | 480.09M | 462.69M | 439.07M | 357.95M | 325.79M | 339.63M | 283.72M | 274M | 256.91M | 206.49M | 213.7M | 205.61M | 204.25M | 195.42M | 182.82M | 165.75M |
| Gross Margin % | 45.7% | 49.65% | 51.93% | 51.53% | 52.68% | 57.58% | 55.57% | 56.22% | 56.6% | 50.72% | 54.86% | 55.14% | 56.56% | 54.7% | 53.51% | 51.61% |
| Gross Profit Growth % | - | 5.38% | 22.66% | 9.87% | -4.08% | 19.71% | 3.55% | 6.65% | 24.42% | -3.37% | 3.93% | 0.67% | 4.52% | 6.89% | 10.3% | - |
| Operating Expenses | 288.54M | 276.25M | 273.4M | 221.79M | 168.39M | 143.12M | 142.33M | 129.49M | 131.78M | 120.41M | 106.55M | 102.25M | 107.26M | 109.18M | 103.18M | 103.23M |
| OpEx % of Revenue | - | 29.65% | 32.34% | 31.93% | 27.23% | 24.27% | 27.87% | 26.57% | 29.04% | 29.57% | 27.36% | 27.42% | 29.7% | 30.56% | 30.2% | 32.15% |
| Selling, General & Admin | 208.04M | 154.16M | 145.56M | 128.17M | 89.77M | 68.05M | 70.81M | 61.41M | 68.72M | 56.16M | 46.99M | 37.28M | 41.28M | 38.81M | 31.69M | 33.34M |
| SG&A % of Revenue | - | 16.54% | 17.22% | 18.45% | 14.52% | 11.54% | 13.87% | 12.6% | 15.14% | 13.79% | 12.06% | 10% | 11.43% | 10.86% | 9.27% | 10.38% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 2M | 122.09M | 127.85M | 93.62M | 78.62M | 75.07M | 71.52M | 68.08M | 63.07M | 64.25M | 59.57M | 64.97M | 65.99M | 70.37M | 71.49M | 69.89M |
| Operating Income | 191.56M | 186.44M | 165.67M | 136.16M | 157.4M | 196.51M | 141.39M | 144.5M | 125.13M | 86.08M | 107.14M | 102.78M | 97.35M | 85.76M | 79.65M | 62.52M |
| Operating Margin % | 18.23% | 20.01% | 19.59% | 19.6% | 25.45% | 33.32% | 27.69% | 29.65% | 27.57% | 21.14% | 27.51% | 27.56% | 26.96% | 24.01% | 23.31% | 19.47% |
| Operating Income Growth % | - | 12.54% | 21.67% | -13.49% | -19.9% | 38.99% | -2.15% | 15.48% | 45.36% | -19.66% | 4.25% | 5.57% | 13.51% | 7.68% | 27.4% | - |
| EBITDA | 349.31M | 308.53M | 293.51M | 229.78M | 236.02M | 271.58M | 212.91M | 212.58M | 188.19M | 150.33M | 166.71M | 167.75M | 163.34M | 156.13M | 151.14M | 132.41M |
| EBITDA Margin % | 33.25% | 33.11% | 34.72% | 33.08% | 38.17% | 46.05% | 41.7% | 43.62% | 41.46% | 36.92% | 42.8% | 44.99% | 45.23% | 43.7% | 44.23% | 41.23% |
| EBITDA Growth % | 13.15% | 5.12% | 27.74% | -2.64% | -13.1% | 27.56% | 0.15% | 12.96% | 25.19% | -9.82% | -0.62% | 2.7% | 4.62% | 3.3% | 14.15% | - |
| D&A (Non-Cash Add-back) | 157.75M | 122.09M | 127.85M | 93.62M | 78.62M | 75.07M | 71.52M | 68.08M | 63.07M | 64.25M | 59.57M | 64.97M | 65.99M | 70.37M | 71.49M | 69.89M |
| EBIT | 222.49M | 222.65M | 194.36M | 117.67M | 292.62M | 204.51M | 148.93M | 145.49M | 129.21M | 90.06M | 108.01M | 106.31M | 100.83M | 11.73M | 72.04M | 45.94M |
| Net Interest Income | -60.73M | -53.24M | -61.4M | -23.81M | -21.65M | -20.92M | -23.57M | -27.59M | -29.26M | -29.14M | -24.24M | -23.77M | -25.44M | -37.18M | -54.01M | -50.16M |
| Interest Income | 16.44M | 15.04M | 13.33M | 8.51M | 3.12M | 1.89M | 1.5M | 1.22M | 787K | 716K | 377K | 495K | 328K | 236K | 320K | 797K |
| Interest Expense | 77.17M | 68.28M | 74.73M | 32.32M | 24.77M | 22.81M | 25.07M | 28.81M | 30.04M | 29.86M | 24.62M | 24.27M | 25.77M | 37.42M | 54.33M | 50.96M |
| Other Income/Expense | -61.69M | -32.06M | -46.04M | -50.81M | 110.45M | -14.81M | -17.54M | -27.83M | -25.96M | -25.88M | -23.75M | -21.32M | -21.93M | -112.37M | -61.94M | -67.53M |
| Pretax Income | 129.87M | 154.38M | 119.63M | 85.35M | 267.85M | 181.71M | 123.85M | 116.67M | 99.17M | 60.2M | 83.4M | 81.46M | 75.11M | -26.61M | 17.71M | -5.01M |
| Pretax Margin % | 12.36% | 16.57% | 14.15% | 12.29% | 43.31% | 30.81% | 24.26% | 23.94% | 21.85% | 14.79% | 21.41% | 21.85% | 20.8% | -7.45% | 5.18% | -1.56% |
| Income Tax | 29.7M | 9.81M | 4.85M | 5.48M | 28.98M | 20.56M | 19M | 12.97M | 12.6M | 4.78M | 8.27M | 6.86M | 7.58M | -1.99M | -59.66M | -29.23M |
| Effective Tax Rate % | 22.87% | 6.36% | 4.05% | 6.42% | 10.82% | 11.32% | 15.34% | 11.12% | 12.7% | 7.94% | 9.92% | 8.42% | 10.09% | 7.48% | -336.9% | 583.02% |
| Net Income | 94.59M | 141.59M | 112.62M | 79.72M | 239.01M | 161.13M | 104.44M | 103.47M | 86.27M | 55.05M | 75.04M | 74.6M | 67.53M | -24.62M | 77.37M | 24.21M |
| Net Margin % | 9% | 15.2% | 13.32% | 11.48% | 38.65% | 27.32% | 20.45% | 21.23% | 19.01% | 13.52% | 19.26% | 20.01% | 18.7% | -6.89% | 22.64% | 7.54% |
| Net Income Growth % | -35.25% | 25.72% | 41.27% | -66.64% | 48.33% | 54.29% | 0.93% | 19.94% | 56.7% | -26.63% | 0.58% | 10.47% | 374.29% | -131.82% | 219.51% | - |
| Net Income (Continuing) | 100.17M | 144.56M | 114.78M | 79.88M | 238.87M | 161.14M | 104.85M | 103.7M | 86.57M | 55.42M | 75.13M | 85.38M | 66.16M | -25.56M | 77.37M | 24.21M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 85.47M | 92.39M | 46.74M | 41.08M | 3.24M | 4.06M | 4.69M | 4.44M | 4.15M | 3.86M | 3.5M | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.57 | 2.20 | 1.73 | 1.21 | 3.45 | 2.21 | 1.43 | 1.41 | 1.16 | 0.76 | 1.01 | 0.97 | 0.84 | -0.31 | 0.94 | 0.29 |
| EPS Growth % | -32.44% | 27.17% | 42.98% | -64.93% | 56.11% | 54.55% | 1.42% | 21.55% | 52.63% | -24.75% | 4.12% | 15.48% | 370.97% | -132.98% | 224.14% | - |
| EPS (Basic) | - | 2.22 | 1.75 | 1.23 | 3.48 | 2.24 | 1.45 | 1.44 | 1.19 | 0.76 | 1.01 | 0.97 | 0.84 | -0.31 | 0.98 | 0.31 |
| Diluted Shares Outstanding | 60.42M | 64.42M | 65.08M | 65.81M | 69.31M | 72.87M | 73.05M | 73.48M | 74.42M | 72.87M | 74.47M | 77.18M | 78.89M | 78.91M | 82.3M | 82.3M |
| Basic Shares Outstanding | 59.53M | 63.7M | 64.29M | 64.93M | 68.7M | 72.05M | 71.94M | 72.1M | 72.61M | 72.48M | 74.13M | 77.07M | 78.34M | 78.91M | 79.1M | 79.1M |
| Dividend Payout Ratio | - | 9.03% | 11.43% | 16.34% | 5.76% | 8.94% | 13.77% | 13.94% | 8.43% | 39.53% | 39.58% | 41.45% | 46.44% | - | 413.57% | - |
Quick answers to the most common questions about buying EVTC stock.
For fiscal year 2025, EVERTEC, Inc. (EVTC) reported total revenue of $931.8M. This represents a 190.2% increase compared to $321.1M in 2011.
EVERTEC, Inc. (EVTC) is profitable, generating $141.6M in net income for the fiscal year ending 2025 with a net profit margin of 15.2%.
EVERTEC, Inc. (EVTC) reported an operating income of $186.4M, resulting in an operating profit margin of 20.0%. This margin reflects the operational efficiency of the business before interest and taxes.
EVERTEC, Inc. (EVTC) generated $462.7M in gross profit for the year, representing a gross profit margin of 49.7%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Volatile quarterly net income
Metrics are mathematically derived from official filings.
Revenue Growth Steady but Moderating
Based on EVERTEC's reported figures, quarterly revenue reached $283.0M in 2026Q3, up 23.8% year over year, following a more modest 8.4% gain in 2026Q1 that suggests growth is uneven across periods.
The 2026Q3 acceleration to 23.8% appears to be a meaningful step up from the high single-digit growth seen in 2025, though a single quarter may not establish durability. Investors should monitor whether the 2026Q2 growth of 19.7% and Q3 rate can be sustained without relying on one-time or acquisition-driven contributions, which the provided data does not disclose. The reported figures alone do not confirm whether volume or pricing is the primary driver.
Gross Margin Volatility Persists
As reported in financial statements, EVTC's gross margin swung between 37.3% in 2026Q1 and 53.7% in 2026Q3, a range that suggests material sensitivity in cost of revenue from quarter to quarter.
The wide quarterly gross margin band points to cost of revenue behaving unevenly relative to revenue, which may reflect timing effects, mix shifts, or seasonal cost patterns that the supplied data does not isolate. The margin recovery in 2026Q3 is encouraging but does not by itself establish structural pricing power relative to peers. Warrants further investigation into the drivers behind the Q1 2026 compression.
Operating Margin Holds Near Mid-Teens to Low-Twenties
Based on EVERTEC's reported figures, operating margin ranged from 16.5% to 24.4% over the ten quarters, with 2026Q3 at 17.9%, indicating operating income has broadly tracked revenue rather than expanding faster.
Operating income has not consistently outpaced gross profit, which suggests limited operating leverage over the period despite revenue growth. SG&A has risen alongside revenue, from $34.1M in 2024Q3 to $57.7M in 2026Q3, implying overhead has been scaling roughly in line with the top line. The data does not show R&D expense, so the true cost structure of the business cannot be fully assessed from these figures.
Net Income Volatility Outpaces Operating Trends
As reported in financial statements, EVTC's net income fell to $5.4M in 2026Q2 despite operating income of $53.3M, a gap that may indicate significant non-operating or below-the-line items affecting reported earnings.
The disconnect between operating income and net income in 2026Q2 is substantial and suggests non-operating charges, interest expense, or tax effects that the provided data does not itemize. Diluted EPS swung from $0.09 to $0.49 across adjacent quarters, which reinforces the view that reported earnings may be heavily influenced by items outside core operations. Investors should monitor the reconciliation between operating and net income before drawing conclusions about underlying profitability.
Earnings Base Vulnerable to Swings
Based on EVERTEC's reported figures, the sharp quarter-to-quarter swings in net income and gross margin could challenge a steady-earnings narrative, as the 2026Q2 EPS of $0.09 contrasts with $0.49 in 2026Q3.
A skeptical reading would focus on whether the 2026Q3 margin recovery reflects durable improvement or a favorable period that may not repeat, given the 37.3% gross margin posted in 2026Q1. The inconsistency between operating performance and bottom-line results raises questions about the quality and repeatability of reported earnings. Without disclosure of non-operating items, the strength of the most recent quarter remains an analytical inference rather than a confirmed trend.