Filing Flows › Evertec (EVTC) › Q1 2025
Evertec (EVTC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Evertec (EVTC) reported revenue of $229M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +6% from the quarter before. Operating margin was 21.6%, net earnings $32.7M (14.3% of revenue).
Evertec, Q1 2025: revenue $229M (+11% year over year), operating margin 21.6%, net earnings $32.7M, operating cash flow $37.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $229M | +6% | +11% |
| Operating profit | $49.5M | +3% | +51% |
| Net earnings | $32.7M | -18% | +105% |
| Operating cash flow | $37.6M | -50% | -8% |
| Free cash flow | $31.2M | -56% | -12% |
What changed
Revenue was $228.8M in Q1 2025, up 11% year over year and up 6% from the previous quarter. Latin America Payments and Solutions was the largest line at 34% of revenue. Latin America Payments and Solutions added $8.1M year over year (up 12%), 35% of the total change.
Operating profit was $49.5M, a 21.6% margin (up 5.7 points year over year). Of the extra revenue versus a year earlier, 71% reached operating profit, above the 16% margin then. Total costs grew 4% against revenue growth of 11%. Net earnings were $32.7M, up 105% year over year. The effective tax rate was 11.1%.
Operating cash flow was $37.6M (down 8% year over year), 114% of net earnings. Non-cash charges added back $5.4M of depreciation and amortization and $7.2M of share-based compensation. Working capital and other items used $8.1M. Capital expenditures of $6.4M left free cash flow of $31.2M.
Questions
What was Evertec's revenue in the first quarter 2025?
Evertec (EVTC) reported revenue of $229M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +6% from the quarter before.
Was Evertec profitable in the first quarter 2025?
Operating profit was $49.5M (21.6% of revenue) and net earnings $32.7M.
Source: Evertec 10-Q on SEC EDGAR.