v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2026
(In thousands)Payment
Services -
Puerto Rico & Caribbean		Latin America Payments and SolutionsMerchant
Acquiring, net		Business
Solutions		Total Reportable Segments
Total revenues$40,747 $122,947 $52,301 $58,825 $274,820 
Intersegment revenues20,122 7,926 — — 28,048 
Total segment revenues(1)
60,869 130,873 52,301 58,825 302,868 
Less: Other segment items(2)
(23,975)(91,217)(30,496)(36,269)(181,957)
Segment Adjusted EBITDA$36,894 $39,656 $21,805 $22,556 $120,911 
(1)Total segment revenues include intersegment revenues eliminated on a consolidated basis.   Intersegment revenue eliminations predominantly reflect the $16.1 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $7.9 million from Latin America Payments and Solutions to both Payment Services- Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $4.0 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 and nonrecurring impairment charges, 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 June 30, 2025
(In thousands)Payment
Services -
Puerto Rico & Caribbean		Latin America Payments and SolutionsMerchant
Acquiring, net		Business
Solutions		Total Reportable Segments
Total revenues$38,131 $79,665 $47,292 $64,519 $229,607 
Intersegment revenues18,290 6,390 — — 24,680 
Total segment revenues(1)
56,421 86,055 47,292 64,519 254,287 
Less: Other segment items(2)
(23,393)(62,705)(27,290)(38,487)(151,875)
Segment Adjusted EBITDA$33,028 $23,350 $20,002 $26,032 $102,412 
(1)Total segment revenues include intersegment revenues eliminated on a consolidated basis.  Intersegment revenue eliminations predominantly reflect the $14.8 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $6.4 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.
Six months ended June 30, 2026
(In thousands)Payment
Services -
Puerto Rico & Caribbean
Latin America Payment
and Solutions		Merchant
Acquiring, net		Business
Solutions		Total Reportable Segments
Total revenues $78,676 $224,998 $100,706 $118,363 $522,743 
Intersegment revenues 40,638 16,205 — — 56,843 
Total segment revenues(1)
119,314 241,203 100,706 118,363 579,586 
Less: Other segment items(2)
(47,680)(168,747)(59,383)(74,170)(349,980)
Segment Adjusted EBITDA$71,634 $72,456 $41,323 $44,193 $229,606 


(1)Total segment revenues include intersegment revenues eliminated on a consolidated basis.  Intersegment revenue eliminations predominantly reflect the $31.8 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $16.2 million from Latin America Payments and Solutions to both Payment Services - Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $8.9 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 and nonrecurring impairment charges, 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.



Six months ended June 30, 2025
(In thousands)Payment
Services -
Puerto Rico & Caribbean		Latin America Payment
and Solutions		Merchant
Acquiring, net		Business
Solutions		Total Reportable Segments
Total revenues$75,430 $157,945 $94,941 $130,083 $458,399 
Intersegment revenues$36,148 $11,885 $— $— 48,033 
Total segment revenues(1)
111,578 169,830 94,941 130,083 506,432 
Less: Other segment items(2)
(47,112)(121,585)(54,580)(81,840)(305,117)
Segment Adjusted EBITDA$64,466 $48,245 $40,361 $48,243 $201,315 

(1)Total segment revenues include intersegment revenues eliminated on a consolidated basis.  Intersegment revenue eliminations predominantly reflect the $29.2 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $11.9 million from Latin America Payments and Solutions to both Payment Services - Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $7.0 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 June 30,Six months ended June 30,
(In thousands)2026202520262025
Segment Adjusted EBITDA$120,911 $102,412 $229,606 $201,315 
Elimination of intersegment revenues(28,048)(24,680)(56,843)(48,033)
Other corporate expenses(1)
16,472 14,831 33,618 28,720 
Compensation and benefits(2)
(9,481)(7,788)(22,779)(19,408)
Transaction, refinancing and other fees(3)
(7,709)2 (9,438)376 
(Losses) earnings of equity method investments, net of dividends received(4)
(7,768)867 (6,322)2,944 
(Loss) gain on foreign currency remeasurement(5)
(698)1,348 (4,424)515 
Interest income3,727 3,079 7,587 6,330 
Interest expense(20,264)(16,719)(37,621)(33,707)
Depreciation and amortization(39,991)(28,309)(77,254)(56,782)
Income before income taxes$27,151 $45,043 $56,130 $82,270 
(1)The other corporate expenses category consists of corporate overhead expenses and other non-operating expenses that are not included in the reportable segment.
(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.
(4)Primarily represents the elimination of unrealized earnings from equity investments, net of dividends received and nonrecurring impairment charges.
(5)Represents non-cash unrealized gains (losses) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies.