Evertec's Q2 2025: Conflicting Signals on Sinqia's Growth, Merchant Acquiring, and M&A Strategy

Sinqia's performance and growth rate, merchant acquiring growth and pricing, impact of tariffs on decision-making, M&A pipeline and strategy, Sinqia's growth and performance are the key contradictions discussed in EVERTEC's latest 2025Q2 earnings call.



Revenue Growth Across Segments:
- EVERTEC reported revenue of $230 million for Q2 2025, an 8% increase over the prior year, with constant currency revenue at approximately $233 million, representing growth of 10%.
- Growth was driven by solid revenue increases across all segments and contributions from acquisitions.

Merchant Acquiring Segment Performance:
- Merchant Acquiring segment net revenue increased by approximately 4% year-over-year to $47.3 million.
- The growth was attributed to benefits from higher spread, positive sales volume growth, and offset by lower gas prices and a lower average ticket.

ATH Móvil Revenue Growth:
- ATH Móvil, a part of the Payment Services, Puerto Rico and Caribbean segment, saw revenue growth of 17% year-over-year.
- This was driven by increased cash pocket usage, the universality of ATH Móvil across business sizes, and higher transactions.

Latin America Segment Expansion:
- Latin America segment revenue grew 15% year-over-year or 20% on a constant currency basis, driven by strong performance in GetNet Chile and Brazil.
- This growth was also supported by contributions from Grandata and Nubity acquisitions.