Joint Stock Company Kaspi.kz (KSPI)
NASDAQ: KSPI · Real-Time Price · USD
88.13
+2.35 (2.74%)
Apr 27, 2026, 11:28 AM EDT - Market open

KSPI Income Statement

Millions KZT. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
4,046,0702,532,1601,913,4901,270,590884,822
Revenue Growth (YoY)
59.79%32.33%50.60%43.60%46.77%
Cost of Revenue
1,210,740333,352193,826104,93573,371
Gross Profit
2,835,3302,198,8001,719,6601,165,660811,451
Selling, General & Admin
224,48376,88951,35950,39032,387
Research & Development
208,580109,55388,65760,80744,388
Other Operating Expenses
161,651113,95779,63455,21034,383
Total Operating Expenses
594,714300,399219,650166,407111,158
Operating Income
2,240,6201,898,4101,500,010999,250700,293
Interest Expense
-908,698-616,116-478,010-278,676-171,491
Other Non-Operating Income (Expense)
18,25011,22923,20016,384-4,746
Total Non-Operating Income (Expense)
-890,448-604,887-454,810-262,292-176,237
Pretax Income
1,331,9201,282,2901,022,000720,574528,802
Provision for Income Taxes
264,211225,455173,234131,73093,588
Net Income
1,073,1801,039,740841,351585,026431,914
Minority Interest in Earnings
-5,47017,0957,4193,8183,300
Net Income to Common
1,073,1801,039,740841,351585,026431,914
Net Income Growth
3.22%23.58%43.81%35.45%65.51%
Shares Outstanding (Basic)
191190190192192
Shares Outstanding (Diluted)
192191192194194
Shares Change (YoY)
0.25%-0.33%-0.99%-0.18%0.32%
EPS (Basic)
5631.005477.004431.003051.002247.00
EPS (Diluted)
5592.005431.004381.003016.002222.00
EPS Growth
2.96%23.97%45.26%35.73%64.96%
Shares Outstanding
190.23190.02---
Free Cash Flow
491,098486,1661,055,870961,51645,450
Free Cash Flow Growth
1.01%-53.96%9.81%2015.55%-92.42%
Free Cash Flow Per Share
2559.132539.655497.544956.49233.87
Dividends Per Share
850.0002550.0003200.0001700.000883.000
Dividend Growth
-66.67%-20.31%88.23%92.53%-37.06%
Gross Margin
70.08%86.84%89.87%91.74%91.71%
Operating Margin
55.38%74.97%78.39%78.64%79.15%
Profit Margin
26.39%41.74%44.36%46.34%49.19%
FCF Margin
12.14%19.20%55.18%75.67%5.14%
EBITDA
2,240,6201,898,4101,500,010999,250700,293
EBIT
2,240,6201,898,4101,500,010999,250700,293
EBIT Margin
55.38%74.97%78.39%78.64%79.15%
Effective Tax Rate
19.84%17.58%16.95%18.28%17.70%
Updated Mar 2, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q