Evertec, Inc. (EVTC): Business Model Canvas [Jan-2025 Mise à jour]

Dans le paysage dynamique de la technologie financière, Evertec, Inc. (EVTC) émerge comme une centrale de traitement des paiements et de solutions numériques, transformant stratégiquement les services financiers en Amérique latine. En tirant parti de l'infrastructure technologique de pointe et d'un réseau robuste de partenariats, cette entreprise innovante a conçu un modèle commercial sophistiqué qui relie de manière transparente les banques, les commerçants et les entreprises grâce à des plateformes numériques sécurisées et efficaces. Du traitement des transactions aux solutions technologiques complètes, l'approche unique d'Evertec montre comment l'intégration stratégique et les technologies avancées peuvent révolutionner les écosystèmes financiers dans un monde de plus en plus numérique.

Evertec, Inc. (EVTC) - Modèle d'entreprise: partenariats clés

Fournisseurs de réseaux de paiement

Evertec entretient des partenariats critiques avec les principaux réseaux de paiement:

Réseau de paiement	Détails du partenariat	Volume de transaction (2023)
Visa	Services de traitement et de transaction	4,2 milliards de dollars
MasterCard	Solutions d'intégration et de paiement du réseau	3,7 milliards de dollars
American Express	Assistance à l'infrastructure de paiement	1,5 milliard de dollars

Institutions et banques financières

Evertec collabore avec des institutions financières à travers l'Amérique latine:

• Partenariats bancaires totaux: 25 institutions financières majeures
• Couverture géographique: 10 pays en Amérique latine
• Volume de traitement des transactions: 12,3 milliards de dollars par an

Fournisseurs de services technologiques

Les partenariats technologiques clés comprennent:

Fournisseur de technologie	Type de service	Investissement annuel
Microsoft Azure	Infrastructure cloud	3,2 millions de dollars
Ibm	Solutions logicielles d'entreprise	2,7 millions de dollars
Oracle	Base de données et systèmes d'entreprise	1,9 million de dollars

Acquéreurs de marchands et processeurs de paiement

Partenariats stratégiques avec les processeurs de paiement:

• Total des partenariats des acquéreurs marchands: 18
• Revenus de traitement des transactions: 456 millions de dollars en 2023
• Frais de traitement des transactions moyennes: 0,65%

Cloud Computing and Infrastructure Partners

Détails de collaboration dans le cloud et les infrastructures:

Fournisseur de cloud	Services	Dépenses de cloud annuelles
Services Web Amazon	Infrastructure cloud et évolutivité	4,5 millions de dollars
Google Cloud	Ressources informatiques	2,8 millions de dollars

Evertec, Inc. (EVTC) - Modèle d'entreprise: activités clés

Traitement des transactions de paiement électronique

Evertec a traité 3,4 milliards de transactions en 2022, avec une valeur de transaction totale de 143,8 milliards de dollars. La société gère le traitement des paiements électroniques sur plusieurs plateformes et réseaux financiers.

Type de transaction	Volume (2022)	Vitesse de traitement
Transactions de point de vente	1,2 milliard	0,5 seconde par transaction
Transactions de paiement en ligne	820 millions	0,3 seconde par transaction
Transactions de paiement mobile	540 millions	0,4 seconde par transaction

Développer des solutions technologiques financières

Evertec a investi 54,3 millions de dollars dans la recherche et le développement en 2022, en se concentrant sur des plateformes de technologie financière innovantes.

• Développé 12 nouvelles solutions technologiques
• Déposé 7 brevets de nouvelles technologies
• Plateformes de paiement existantes améliorées

Fournir des infrastructures technologiques pour les services financiers

Evertec gère l'infrastructure technologique pour 450 institutions financières en Amérique latine et dans les Caraïbes.

Service d'infrastructure	Couverture	Nombre de clients
Systèmes bancaires de base	17 pays	280 institutions
Gestion du réseau de paiement	12 pays	350 institutions

Gestion des plateformes de paiement et des réseaux

Evertec exploite des plateformes de paiement en traitement de 98,6 milliards de dollars de valeur de transaction annuelle avec une fiabilité du système de 99,99%.

Offrir des services bancaires numériques et marchands

Les services bancaires numériques ont atteint 2,3 millions d'utilisateurs actifs en 2022, les services marchands soutenant 85 000 clients commerciaux.

Catégorie de service	Base d'utilisateurs	Valeur de transaction annuelle
Banque numérique	2,3 millions d'utilisateurs	42,5 milliards de dollars
Services marchands	85 000 entreprises	56,1 milliards de dollars

Evertec, Inc. (EVTC) - Modèle d'entreprise: Ressources clés

Infrastructure de technologie de traitement des paiements avancés

Depuis 2024, Evertec exploite une infrastructure technologique robuste avec les spécifications suivantes:

Composant d'infrastructure	Détails quantitatifs
Centres de traitement des données	4 centres régionaux primaires
Investissement technologique annuel	87,3 millions de dollars
Capacité de traitement des transactions	1,8 milliard de transactions par an

Plates-formes logicielles complètes et solutions numériques

L'écosystème logiciel d'Evertec comprend:

• Plateforme de paiement numérique PayCloud
• Rise Solution de gestion des ressources d'entreprise
• Logiciel de gestion des marchands

Strong réseau de relations financières

Type de relation	Nombre
Partenariats institutionnels financières	27 institutions bancaires
Connexions du réseau de paiement	12 réseaux de paiement majeurs

ENTREPRISE DE TECHNOLOGIE ET ​​SERVICES FINANCIERS

Métriques du capital humain d'Evertec:

• Total des employés: 2,134
• Professionnels de la technologie: 68% de la main-d'œuvre
• Expérience technique moyenne: 7,6 ans

Capacités de sécurité et de conformité des données

Métrique de sécurité	Spécification
Investissement en cybersécurité	24,5 millions de dollars par an
Certifications de conformité	PCI DSS, SOC 2, ISO 27001
Taux de prévention des violations	99.97%

Evertec, Inc. (EVTC) - Modèle d'entreprise: propositions de valeur

Services de traitement des paiements fiables et sécurisés

Evertec a traité 3,8 milliards de transactions en 2022, avec une valeur de transaction de 143,2 milliards de dollars. La société maintient un taux de fiabilité des transactions de 99,99% sur les marchés latino-américains.

Métrique de transaction	2022 Performance
Total des transactions traitées	3,8 milliards
Valeur totale de transaction	143,2 milliards de dollars
Taux de fiabilité des transactions	99.99%

Solutions technologiques complètes pour les institutions financières

Evertec dessert 25 institutions financières dans 11 pays d'Amérique latine, offrant des plateformes technologiques intégrées.

• Intégration du système bancaire de base
• Infrastructure de paiement numérique
• Technologies de gestion des risques
• Systèmes de surveillance de la conformité

Plates-formes de transaction numériques rentables

La société a réduit les coûts de traitement des transactions de 22% grâce à l'optimisation numérique en 2022, avec un coût moyen par transaction de 0,037 $.

Technologie financière améliorée pour les marchés latino-américains

Evertec a investi 48,3 millions de dollars dans la recherche et le développement en 2022, en se concentrant sur les technologies financières émergentes pour les marchés latino-américains.

Catégorie d'investissement de R&D	2022 Investissement
Investissement total de R&D	48,3 millions de dollars
Innovation de paiement numérique	22,1 millions de dollars
Technologie de la blockchain	8,5 millions de dollars

Paiement rationalisé et infrastructure bancaire

Evertec prend en charge 7 500 distributeurs automatiques de billets et 250 000 terminaux de point de vente sur les réseaux financiers latino-américains.

• Traitement des transactions en temps réel
• Solutions de paiement multiplateforme
• Capacités de paiement transfrontalières

Evertec, Inc. (EVTC) - Modèle d'entreprise: relations avec les clients

Contrats de services d'entreprise à long terme

Depuis le quatrième trimestre 2023, Evertec maintient 468 contrats de service au niveau de l'entreprise à travers l'Amérique latine et les Caraïbes. La durée du contrat moyen est de 5,2 ans, avec une valeur de contrat annuelle moyenne de 3,2 millions de dollars.

Type de contrat	Nombre de contrats	Valeur annuelle moyenne
Traitement des paiements	214	2,7 millions de dollars
Services technologiques	154	3,8 millions de dollars
Gestion du réseau	100	4,1 millions de dollars

Assistance technique et service client

Evertec exploite des centres de support technique 24/7 avec les mesures suivantes:

• Personnel de soutien total: 287 professionnels
• Temps de réponse moyen: 12,4 minutes
• Évaluation de satisfaction du client: 94,3%
• Interactions de soutien annuel: 1,2 million

Solutions technologiques personnalisées

En 2023, Evertec a développé 76 solutions technologiques personnalisées pour les institutions financières, avec une valeur de projet moyenne de 1,5 million de dollars.

Catégorie de solution	Nombre de projets	Revenus totaux
Systèmes bancaires	42	63,2 millions de dollars
Plates-formes de paiement	24	36,8 millions de dollars
Solutions de sécurité	10	15,4 millions de dollars

Mises à jour régulières de la plate-forme et améliorations

Evertec a investi 42,3 millions de dollars dans le développement de la plate-forme et les mises à niveau en 2023, avec 8 versions majeures de plate-forme et 24 mises à jour mineures.

Portails en libre-service numériques

Métriques d'utilisation du portail en libre-service numérique pour 2023:

• Total des utilisateurs enregistrés: 287 000
• Utilisateurs actifs mensuels: 124 500
• Transactions mensuelles moyennes: 3,2 millions
• Taux d'achèvement des transactions en libre-service: 92,7%

Evertec, Inc. (EVTC) - Modèle d'entreprise: canaux

Équipe de vente directe

Evertec maintient une équipe de vente directe axée sur la technologie financière et les solutions de traitement des paiements. En 2023, l'entreprise a employé 2 142 professionnels des ventes à temps plein en Amérique latine et dans les Caraïbes.

Région de vente	Nombre de représentants commerciaux	Revenu annuel moyen par représentant
Porto Rico	487	$342,000
Marchés des Caraïbes	356	$298,500
Marchés latino-américains	1,299	$412,000

Plateformes numériques en ligne

Evertec exploite plusieurs plateformes numériques avec les mesures suivantes:

• Trafic de site Web: 1,2 million de visiteurs mensuels
• Volume des transactions numériques: 42,3 millions de transactions en 2023
• Utilisateurs de la plate-forme mobile: 687 000 utilisateurs actifs

Conférences de technologie financière

Evertec participe à 18 grandes conférences de technologies financières chaque année, avec une portée estimée à 45 000 professionnels de l'industrie.

Type de conférence	Nombre de conférences	Total des participants
Conférences régionales	12	28,500
Conférences internationales	6	16,500

Réseaux de partenariat stratégiques

Evertec maintient des partenariats stratégiques avec 247 institutions financières et fournisseurs de technologies dans 16 pays.

• Partenariats bancaires: 127
• Partenariats du processeur de paiement: 62
• Fournisseurs de services technologiques: 58

Marketing numérique et publications de l'industrie

Les canaux de marketing numérique pour Evertec incluent:

• LinkedIn adepte: 43 200
• Twitter Followers: 22 500
• Budget annuel du marketing numérique: 3,7 millions de dollars
• Publication de l'industrie Mentions: 124 en 2023

Evertec, Inc. (EVTC) - Modèle d'entreprise: segments de clientèle

Banques et institutions financières

En 2024, Evertec dessert 13 des 15 principales institutions financières en Amérique latine. La Société fournit des services de traitement des transactions à environ 50 banques dans la région.

Type de client	Nombre de clients	Couverture du marché
Grandes banques	15	90% du marché bancaire de Porto Rico
Banques régionales	35	70% du segment bancaire latino-américain

Commerçants et commerces de détail

Evertec prend en charge plus de 8 500 emplacements marchands en Amérique latine avec des solutions de traitement des paiements.

• Volume de transaction au détail de vente au détail: 225 millions de transactions par an
• Traitement du paiement du commerce électronique: 45 millions de transactions numériques par an
• Valeur de transaction moyenne: 47,30 $

Agences gouvernementales

Evertec fournit des services technologiques aux entités gouvernementales à Porto Rico et sélectionnant les pays d'Amérique latine.

Type de service gouvernemental	Nombre de clients	Volume de transaction annuel
Gouvernements municipaux	78	3,2 millions de transactions
Agences d'État	22	1,7 million de transactions

Grandes entreprises en Amérique latine

L'entreprise dessert 250 grands clients d'entreprises dans divers secteurs d'Amérique latine.

• Clients du secteur des télécommunications: 45 entreprises
• Entreprises de services publics: 38 entreprises
• Clients manufacturiers: 67 entreprises

Petites et moyennes entreprises

Evertec prend en charge environ 12 000 petites et moyennes entreprises avec des solutions technologiques et de paiement.

Taille de l'entreprise	Nombre de clients	Revenu annuel moyen par client
Petites entreprises	8,500	$125,000
Entreprises moyennes	3,500	$450,000

Evertec, Inc. (EVTC) - Modèle d'entreprise: Structure des coûts

Maintenance des infrastructures technologiques

En 2023, Evertec a déclaré des frais de technologie et d'infrastructure de 103,4 millions de dollars, ce qui représente 22,4% du total des dépenses d'exploitation.

Catégorie de coûts	Dépenses annuelles ($)	Pourcentage des dépenses totales
Maintenance du centre de données	42,500,000	9.2%
Infrastructure cloud	31,200,000	6.7%
Systèmes de sécurité du réseau	29,700,000	6.5%

Investissements de recherche et développement

Evertec a alloué 54,2 millions de dollars à la recherche et au développement en 2023, ce qui représente 3,7% des revenus totaux.

• Coûts de développement de logiciels: 32,6 millions de dollars
• Investissements du projet d'innovation: 14,5 millions de dollars
• Développement de prototypes technologiques: 7,1 millions de dollars

Salaires et formation des employés

Les dépenses totales liées aux employés pour 2023 étaient de 186,7 millions de dollars.

Catégorie de dépenses	Coût annuel ($)
Salaires de base	142,300,000
Avantages sociaux	29,600,000
Formation et développement	14,800,000

Frais de marketing et de vente

Les dépenses de marketing et de vente ont totalisé 67,3 millions de dollars en 2023.

• Campagnes de marketing numérique: 24,5 millions de dollars
• Compensation de l'équipe de vente: 31,2 millions de dollars
• Matériel publicitaire et promotionnel: 11,6 millions de dollars

Gestion de la conformité et de la sécurité

Les dépenses liées à la conformité et à la sécurité s'élevaient à 41,9 millions de dollars en 2023.

Zone de conformité	Dépenses annuelles ($)
Conformité réglementaire	22,600,000
Mesures de cybersécurité	19,300,000

Evertec, Inc. (EVTC) - Modèle d'entreprise: Strots de revenus

Frais de traitement des transactions

Pour l'exercice 2023, Evertec a déclaré 666,1 millions de dollars de revenus totaux de traitement des transactions. La société a traité 3,8 milliards de transactions sur divers réseaux financiers.

Type de transaction	Contribution des revenus	Volume de transaction
Traitement des paiements	342,5 millions de dollars	2,1 milliards de transactions
Services de réseau ATM	213,6 millions de dollars	1,4 milliard de transactions
Transactions de point de vente	110,0 millions de dollars	300 millions de transactions

Abonnements de services technologiques

Evertec a généré 187,3 millions de dollars à partir d'abonnements de services technologiques en 2023, ce qui représente une augmentation de 12,5% par rapport à l'année précédente.

• Abonnements de logiciels d'entreprise: 92,5 millions de dollars
• Abonnements de services basés sur le cloud: 64,8 millions de dollars
• Abonnements à l'accès au réseau: 30,0 millions de dollars

Revenus de licences logicielles

Les revenus des licences logicielles ont totalisé 78,6 millions de dollars en 2023, avec la ventilation suivante:

Catégorie de licence	Revenu
Licences de logiciel bancaire	45,2 millions de dollars
Licences de plateforme de paiement	22,4 millions de dollars
Licences de gestion de l'entreprise	11,0 millions de dollars

Services de mise en œuvre et d'intégration

Evertec a déclaré 92,7 millions de dollars des services de mise en œuvre et d'intégration en 2023.

• Intégrations du système bancaire: 52,3 millions de dollars
• Implémentations de réseau de paiement: 27,4 millions de dollars
• Déploiements de solution personnalisés: 13,0 millions de dollars

Contrats de maintenance et de soutien en cours

Les revenus des contrats de maintenance et de soutien ont atteint 117,5 millions de dollars en 2023.

Catégorie de support	Revenu	Durée du contrat
Assistance technique 24/7	58,6 millions de dollars	Contrats annuels
Maintenance du système	39,2 millions de dollars	Accords pluriannuels
Services de mise à jour logicielle	19,7 millions de dollars	Plans trimestriels / annuels

EVERTEC, Inc. (EVTC) - Canvas Business Model: Value Propositions

You're looking at the core reasons why financial institutions, merchants, and governments rely on EVERTEC, Inc. (EVTC) to keep their money moving. It's about providing the digital plumbing that simply has to work, every single time.

Full-service, end-to-end transaction processing is the foundation here. This means EVERTEC, Inc. (EVTC) isn't just a piece of the puzzle; they manage the entire flow, from the moment a card is swiped or a mobile payment is initiated, all the way through to settlement. This comprehensive approach is what allows them to serve a diversified customer base of leading financial institutions, merchants, corporations, and government agencies. They offer merchant acquiring, payment services, and business process management, covering the full spectrum of electronic payments.

The value proposition hinges on mission-critical, highly reliable technology solutions. When you're handling the financial lifeblood of a region, downtime isn't an option. The scale of their operation speaks to this reliability. EVERTEC, Inc. (EVTC) manages a system of electronic payment networks that process over ten billion transactions annually. This massive throughput requires robust infrastructure, which is reflected in their strong operational performance, like the Q3 2025 Adjusted EBITDA margin of 40.5%. That margin shows they are running the operation efficiently while maintaining high standards.

Their proprietary mobile payment platform, ATH Movil, is a significant differentiator, especially in Puerto Rico. The segment benefiting from this platform saw strong results; Payments Puerto Rico revenue defintely benefited from increased revenues from ATH Movil and transaction growth in Q1 2025. This platform helps drive the digital shift, allowing individuals to transfer money instantly using just a phone number, and enabling businesses to accept those payments in real time. It's a key component in capturing the move away from cash.

The localized expertise in Latin American and Caribbean markets is crucial for navigating the regulatory and cultural landscape of the region. EVERTEC, Inc. (EVTC) isn't a distant player; they are deeply embedded, operating in 26 Latin American countries and the Caribbean. This local presence supports their growth, as seen in the Q3 2025 revenue for Latin America Payments and Solutions, which was up approximately 19% year over year. This local knowledge is what helps them integrate acquisitions like Tecnobank in Brazil effectively.

The sheer scale confirms the scalable platform supporting over ten billion transactions annually. To put that volume into the context of their 2025 financial performance, the company raised its full-year 2025 revenue outlook to be between $921 million and $927 million. This growth is supported by strong cash generation, with net cash provided by operating activities reaching $157 million year to date through Q3 2025. The platform's scalability is what allows them to absorb volume growth while maintaining profitability, as evidenced by their Q3 2025 Adjusted EBITDA of $92.6 million.

Here's a quick look at the financial scale underpinning these value propositions as of late 2025:

Metric	Value (Latest Reported Period)	Context
Full Year 2025 Revenue Guidance (High)	$927 million	Raised outlook based on Q3 2025 performance.
Full Year 2025 Adjusted EPS Guidance (High)	$3.62	Revised expectation for adjusted profitability.
Q3 2025 Revenue	$228.6 million	Quarterly top-line performance.
Q3 2025 Adjusted EBITDA Margin	40.5%	Indicates operational efficiency at scale.
Total Transactions Processed Annually	Over 10 billion	Measure of platform scale and usage.
Countries of Operation	26 Latin American countries + Caribbean	Measure of market reach and localized expertise.

The value proposition is also supported by the company's commitment to shareholder returns and liquidity:

• Net cash from operating activities year to date (9 months 2025): $157 million.
• Ending cash balance (excluding settlement assets) as of Q3 2025: approximately $499.7 million.
• Q1 2025 Regular Quarterly Dividend declared: $0.05 per share.

EVERTEC, Inc. (EVTC) - Canvas Business Model: Customer Relationships

You're looking at how EVERTEC, Inc. (EVTC) locks in its core revenue streams. For their largest clients, the relationship is deep and built on mission-critical infrastructure.

Dedicated account management for large financial institutions

EVERTEC, Inc. serves a diversified customer base that includes leading financial institutions across the 26 Latin American countries and the Caribbean where it operates. These relationships are foundational, given that the company provides mission-critical technology solutions. The scale of this commitment is reflected in the sheer volume of activity they manage.

The company processes over ten billion transactions annually through its electronic payment networks. This volume is a direct indicator of the trust placed in EVERTEC, Inc. by its core banking and financial partners.

High-touch, long-term contractual relationships (MSA model)

The high-touch nature is cemented through long-term contracts, most notably with major clients like Popular, Inc. These Master Service Agreements (MSA) are the backbone of revenue stability. For instance, modifications to the main commercial agreements with Popular included specific term extensions and financial commitments.

Contractual Element	Term/Value Detail	Effective Date/Period
MSA Extension Term	3-year extension	As modified in 2022
Merchant Acquiring Extension Term	10-year extension of the Independent Sales Organization Agreement	As modified in 2022
Annual MSA Minimums	Inclusion of annual minimums through September 30, 2028	Through 2028
Pricing Adjustment	10% discount on certain MSA services	Beginning October of 2025

This defintely shows a commitment to long-term partnership structures, even with built-in pricing adjustments.

Self-service and digital support for merchant acquiring

For the Merchant Acquiring segment, which generated revenues of $180.5 million in 2024, the relationship shifts toward enabling merchant self-service and digital acceptance. The focus is on driving volume through platforms that merchants use directly.

• Growth in the Payment Services - Puerto Rico and Caribbean segment, which saw 2024 revenue of $214.7 million, is tied to digital adoption.
• Key driver is the ATH Móvil business, which posted mid-teens growth in Q3 2025.
• The company focuses on expanding digital products like e-wallets and mobile apps to support merchant transaction acceptance.
• Merchant Acquiring revenue growth in Q2 2025 was attributed to higher sales volume and prior-year pricing initiatives.

Continuous service and technology upgrades for core clients

The expectation from core clients is a continuous flow of technology improvements, which is reflected in the company's raised 2025 guidance. The Business Solutions segment, which includes core bank processing and managed services, is driven by fixed fees and usage-based metrics, tying client scale directly to EVERTEC, Inc.'s revenue.

Metric	2024 Actual (or Q3 2025)	2025 Full Year Guidance
Total Consolidated Revenue	$845.5 million (2024)	$921 million to $927 million (Revised)
Adjusted EBITDA (Q3 2025)	$92.6 million	Projected Adjusted EBITDA margin of 39.5% to 40.5% (based on Q2 2025 outlook)
Capital Expenditures	N/A	Anticipated to be approximately $85 million

The revised 2025 revenue outlook, targeting up to $927 million, suggests that technology investments are successfully supporting client needs and driving organic growth across segments.

EVERTEC, Inc. (EVTC) - Canvas Business Model: Channels

You're looking at how EVERTEC, Inc. gets its services-from core processing to mobile payments-into the hands of its customers across Latin America and the Caribbean. The channels are a mix of direct relationship management and operating the underlying infrastructure.

The direct sales force is key for securing and maintaining relationships with large entities. EVERTEC, Inc. benefits from the trend of financial institutions and government agencies outsourcing technology systems and processes. This direct channel targets clients needing 'mission-critical' technology solutions across the 26 Latin American countries where EVERTEC, Inc. operates. The company believes it is the largest card processor and card network service provider in the Caribbean, which speaks to the depth of these direct ties with financial institutions.

The ATH® network is the foundational channel for inter-bank and debit transactions. EVERTEC, Inc. owns and operates this network, which is cited as one of the leading personal identification number (PIN) debit networks in Latin America. This infrastructure is massive; in Puerto Rico alone, the system manages services for core banking, cash processing, and fulfillment that process over ten billion transactions annually.

For merchant acquiring, the channel involves deploying and managing Point-of-Sale (POS) terminals. EVERTEC, Inc. sells transaction-processing technology solutions and also rents POS devices directly to financial institution customers for their deployment. These modern terminals are designed for omnichannel flexibility and support accepting QR Code payments directly from mobile users.

Digital platforms represent the fastest-growing channel, primarily through ATH Movil. This mobile payments service allows individuals to transfer money instantly using only a phone number. The related product, ATH Business, enables merchants to accept these payments in real time. The Payments Puerto Rico segment, which includes these digital channels, benefited from increased revenues from ATH Movil and overall transaction growth in the first half of 2025.

Here's a quick look at how the revenue streams mapped to these channel areas in the third quarter of 2025, based on segment reporting:

Channel Focus Area	Q3 2025 Revenue (Millions USD)	Year-over-Year Growth	Key Metric/Reach Detail
Merchant Acquiring (POS)	46.8	3%	POS transactions increased 7% in PR/Caribbean
Payments Puerto Rico (ATH Movil)	55.2	5%	Benefited from ATH Movil transaction and sales volume growth
Latin America Payments & Solutions	90.4	19%	Operates in 26 Latin American countries
ATH Network Processing Volume	N/A (Processing Metric)	N/A	Processes over ten billion transactions annually in PR

The growth rates show where the momentum is; for instance, the Latin America segment revenue grew 19% year-over-year in Q3 2025, driven by strong organic expansion and acquisitions like Tecnobank, which closed on October 1, 2025.

You should keep an eye on the specific growth drivers within the Puerto Rico channels:

• ATH Movil transaction and sales volume growth, primarily in ATH Business.
• The Payment Services segment in Puerto Rico and the Caribbean grew 5% year-over-year to $55.2 million in Q3 2025.
• The Merchant Acquiring segment saw higher sales volume and non-transactional revenues.
• The overall company revenue for Q3 2025 was $228.6 million, an 8% increase year-over-year.

Finance: draft 13-week cash view by Friday.

EVERTEC, Inc. (EVTC) - Canvas Business Model: Customer Segments

You're looking at the foundation of EVERTEC, Inc. (EVTC)'s revenue engine, the distinct groups of clients they serve across the Caribbean and Latin America. This isn't abstract; it's about where the money actually comes from, based on their late 2025 operational snapshot.

The customer base is segmented across four primary areas, which map directly to their reported business segments. For the full year 2024, the segment revenue breakdown provides a clear picture of scale, though Q3 2025 results show continued growth across these areas.

Customer Segment	Associated EVERTEC Segment (FY 2024 Revenue)	Key Metric/Data Point (Latest Available 2025)
Large financial institutions	Business Solutions ($244.0 million in FY 2024)	Business Solutions revenue increased as a result of projects completed during Q3 2025.
E-commerce and brick-and-mortar merchants	Merchant Acquiring ($180.5 million in FY 2024)	Merchant Acquiring revenue rose 11% in Q1 2025.
Government agencies and large corporations	Business Solutions (FY 2024: $244.0 million)	Serves government agencies with mission-critical technology solutions.
Consumers using the ATH Movil digital wallet	Payment Services - Puerto Rico & Caribbean ($214.7 million in FY 2024)	Over 1.7 million registered users in ATH Movil.

The financial institutions segment includes major players; for example, the Business Solutions segment saw revenue growth driven by completed projects, mainly for Popular, as reported in the 2025 10-K filing. The Payment Services - Puerto Rico & Caribbean segment, which houses ATH Movil, saw its revenue increase to $214.7 million in fiscal year 2024, benefiting from strong digital payments growth.

For merchants, the acceptance footprint is significant, especially in Puerto Rico. The ATH network supports a large number of businesses processing transactions.

• About 50,000 merchants accept ATH in P.R.
• ATH Business has around 20,000 active merchants as of the latest report.
• Merchant Acquiring revenue for Q2 2025 was $47.6 million.

Consumers are the end-users driving the massive volume through the proprietary mobile wallet and the underlying debit network.

• The ATH Movil service processes transactions instantly for consumers.
• The overall ATH network processes over ten billion transactions annually.
• Payments Puerto Rico revenue in Q3 2025 benefited from ATH Movil transaction and sales volume growth.

Geographically, EVERTEC, Inc. (EVTC) has a broad reach, which is reflected in the segment performance, with Latin America being a major growth driver.

• Operates in 26 Latin American countries.
• Latin America Payments and Solutions segment revenue reached $302.8 million in fiscal year 2024.
• Latin America revenue jumped 13% in Q1 2025 (22% constant currency).
• The company maintains offices in the Caribbean and Latin America regions.

The total consolidated revenue guidance for the full year 2025 is set between $921 million and $927 million, showing the combined scale of these customer segments.

EVERTEC, Inc. (EVTC) - Canvas Business Model: Cost Structure

You're looking at where EVERTEC, Inc. is spending its money as we head into the end of 2025. The cost structure is heavily influenced by maintaining its core technology platforms and making strategic investments.

The company continues to signal significant investment in its future capacity. EVERTEC, Inc. maintained its full-year 2025 capital expenditures (CapEx) outlook at approximately $85 million. Through the third quarter of 2025, capital expenditures totaled $67.9 million, keeping them tracking in line with that full-year plan.

Variable costs are definitely on the rise, putting some pressure on margins. For instance, the adjusted EBITDA margin narrowed slightly in the second quarter of 2025, which management pointed to as reflecting pressure from increased costs for software, personnel, and cloud services. This aligns with the Business Solutions segment seeing revenue increases due to projects completed and an increase in IT consulting services during the third quarter.

While the search results don't give a specific dollar amount for fixed technology infrastructure costs, the need for network operations and software maintenance is a constant, high-level expense. We do see evidence of personnel costs being a factor; for the full year 2024, both cost of revenues and selling, general and administrative expenses increased primarily due to higher personnel costs from acquisitions.

Here's a quick look at some of the key financial figures impacting the cost side as of late 2025:

Metric	Value / Expectation	Period / Context
Full Year 2025 Capital Expenditures	$85 million	Full Year Outlook
Year-to-Date Capital Expenditures	$67.9 million	Through Q3 2025
Q3 2025 Adjusted EBITDA Margin	40.5%	Q3 2025 Result
Q2 2025 Adjusted EBITDA Margin	40.3%	Q2 2025 Result
New Debt Facility Size (Nov 2025)	$150 million	New Term Loan B Facility
SOFR Loan Interest Margin	2.25%	New Term Loan B Facility (Nov 2025)
Base Rate Loan Interest Margin	1.25%	New Term Loan B Facility (Nov 2025)

On the debt side, EVERTEC, Inc. is seeing some relief in its interest expense. The third quarter 2025 results showed that Adjusted EPS growth was driven by strong Adjusted EBITDA growth and lower interest expense. Management explicitly noted this lower cash interest expense reflects the positive impact of repricing its debt. To manage its structure further, in late November 2025, the company amended its Credit Agreement to add a $150 million New TLB Facility, using the proceeds to repay debt outstanding under the revolving credit facility. The interest margins on this new facility match existing terms, with SOFR loans at 2.25% and base rate loans at 1.25%.

You should keep an eye on these specific cost drivers:

• Increased software maintenance and cloud expenses.
• Personnel costs tied to acquisitions and IT consulting projects.
• The impact of the recent $150 million debt shift on future interest expense.
• Operating depreciation and amortization expense, which was higher in Q3 2025 compared to the prior year.

Finance: draft 13-week cash view by Friday.

EVERTEC, Inc. (EVTC) - Canvas Business Model: Revenue Streams

You're looking at the core ways EVERTEC, Inc. brings in money as we head into the end of 2025. The company has a clear line of sight for the full year, projecting total revenue guidance between $921 million and $927 million. This guidance was actually raised following strong third quarter results, showing solid momentum across the board.

The revenue streams are deeply tied to transaction processing and technology services across Latin America and the Caribbean. To give you a concrete look at the latest figures, here is how the segments stacked up in the third quarter of 2025, which helps illustrate the current revenue mix:

Revenue Stream Segment	Q3 2025 Revenue (USD)	Year-over-Year Growth (Q3 2025)
Latin America Payments and Solutions	$90.4 million	19%
Business Solutions	$61.7 million	1%
Payment Services (Puerto Rico and the Caribbean)	$55.2 million	5%
Merchant Acquiring	$46.8 million	3%

As you can see, the Latin America Payments and Solutions segment is the largest contributor based on the latest reported quarterly revenue.

Diving into the specific drivers for each stream, you see how transaction economics play out:

• Merchant Acquiring fees are generated from transaction volume and spread charged to merchants for processing card payments. In the third quarter, this segment saw growth driven by higher sales volume, though it was slightly tempered by a decrease in the average spread.
• Payment Services fees are heavily reliant on the performance of the ATH network, which is central to debit transactions in Puerto Rico, and the rapidly growing ATH Movil mobile payments platform. Growth here in Q3 was fueled by strong performance in ATH Business and a 7% increase in POS transactions.
• Business Solutions revenue comes from delivering core banking technology services and IT consulting projects. The modest growth in Q3 was attributed to the completion of specific projects during the quarter and an uptick in hardware sales.

To give you a sense of scale from the prior full-year filing, the Latin America Payments and Solutions segment was already showing significant scale, reporting revenues of $302.8 million for the full year 2024, which was the largest of the four segments then. The Payment Services - Puerto Rico & Caribbean segment followed at $214.7 million. The Business Solutions segment was reported at $244.0 million in 2024, so while Q3 2025 data shows Latin America leading, the overall mix is dynamic. The company is definitely leaning into the Latin America growth story, evidenced by the 19% year-over-year revenue increase in that segment for Q3 2025.

Finance: draft 13-week cash view by Friday.