Joint Stock Company Kaspi.kz (KSPI)
NASDAQ: KSPI · Real-Time Price · USD
89.47
-2.22 (-2.42%)
At close: Nov 9, 2026, 4:00 PM EST
91.45
+1.98 (2.22%)
Pre-market: Nov 10, 2026, 4:32 AM EST
KSPI Financials Overview
Financials in millions KZT. Fiscal year is January - December.
Millions KZT. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 4,429,862 | 4,043,328 | 2,544,139 | 1,902,598 | 1,269,215 | 885,478 |
Revenue Growth | 39.24% | 58.93% | 33.72% | 49.90% | 43.34% | 46.88% |
Gross Profit Gross Profit Growth | 3,076,238 | 2,834,137 | 2,212,106 | 1,710,040 | 1,165,320 | 812,107 |
Operating Income Operating Income Growth | 2,394,040 | 2,237,870 | 1,910,388 | 1,489,122 | 998,563 | 700,949 |
Net Income Net Income Growth | 1,069,921 | 1,073,177 | 1,039,739 | 841,351 | 585,026 | 431,914 |
Earnings Per Share EPS Growth | 5582.39 | 5592.00 | 5431.00 | 4381.00 | 3016.00 | 2222.00 |
EPS Growth | -2.02% | 2.96% | 23.97% | 45.26% | 35.73% | 64.96% |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Payments Payments Growth | 686,989 | 658,726 | 587,097 | 478,684 | 333,343 | 217,085 |
Marketplace Marketplace Growth | 2,068,099 | 1,931,472 | 732,943 | 448,223 | 239,609 | 153,604 |
Fintech Fintech Growth | 1,793,188 | 1,542,934 | 1,281,827 | 1,026,721 | 745,023 | 566,114 |
Eliminations Eliminations Growth | -45,915 | -31,171 | -15,486 | -560 | -2,423 | - |
Revenue (Total) Revenue (Total) Growth | 4,456,524 | 4,046,074 | 2,532,156 | 1,913,490 | 1,270,592 | 884,822 |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 1,019,514 | 924,860 | 619,470 | 820,466 | 615,360 | 342,101 |
Total Debt Total Debt Growth | 605,368 | 353,738 | 137,617 | 161,991 | 224,418 | 283,868 |
Net Cash (Debt) Net Cash Growth | 414,146 | 571,122 | 481,853 | 658,475 | 390,942 | 58,233 |
Net Cash Growth | -23.35% | 18.53% | -26.82% | 68.43% | 571.34% | -48.60% |
Net Cash Per Share Net Cash Per Share Growth | 2160.92 | 2976.13 | 2517.12 | 3428.44 | 2015.25 | 299.64 |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 1,146,554 | 673,611 | 581,892 | 1,106,128 | 1,020,984 | 70,351 |
Capital Expenditures CapEx Growth | -193,583 | -182,513 | -95,726 | -50,257 | -59,468 | -24,901 |
Free Cash Flow Free Cash Flow Growth | 952,971 | 491,098 | 486,166 | 1,055,871 | 961,516 | 45,450 |
Free Cash Flow Growth | 43.21% | 1.01% | -53.96% | 9.81% | 2015.55% | -92.42% |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Gross Margin | 69.44% | 70.09% | 86.95% | 89.88% | 91.81% | 91.71% |
Operating Margin | 54.04% | 55.35% | 75.09% | 78.27% | 78.68% | 79.16% |
Pretax Margin | 30.54% | 32.94% | 50.40% | 53.72% | 56.77% | 59.72% |
Profit Margin | 24.15% | 26.54% | 40.87% | 44.22% | 46.09% | 48.78% |
FCF Margin | 21.51% | 12.15% | 19.11% | 55.50% | 75.76% | 5.13% |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Nov '26 Nov 10, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share Dividend Per Share Growth | 8.876 | 850.000 | 2550.000 | 3200.000 | 1700.000 | 883.000 |
Dividend Per Share Growth | 0% | -66.67% | -20.31% | 88.23% | 92.53% | -37.06% |
Dividend Yield | 9.92% | 2.14% | 5.13% | 7.62% | 5.55% | 1.43% |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Nov '26 Nov 10, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | 7.17 | 7.04 | 9.08 | 9.46 | 9.96 | 27.55 |
Forward PE | 6.30 | 6.11 | 7.40 | - | - | - |
P/FCF Ratio | 7.98 | 15.39 | 19.42 | 7.53 | 6.06 | 261.77 |
PS Ratio | 1.86 | 1.87 | 3.71 | 4.18 | 4.59 | 13.44 |