Joint Stock Company Kaspi.kz (KSPI)
NASDAQ: KSPI · Real-Time Price · USD
90.30
-1.50 (-1.63%)
At close: Aug 7, 2026, 4:00 PM EDT
90.99
+0.69 (0.76%)
After-hours: Aug 7, 2026, 7:59 PM EDT

KSPI Financials Overview

Millions KZT. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
4,304,8534,046,0742,532,1561,913,4901,270,592884,822
Revenue Growth
53.68%59.79%32.33%50.60%43.60%46.77%
Gross Profit
2,981,4282,835,3302,198,8041,719,6641,165,657811,451
Operating Income
2,346,6482,240,6161,898,4051,500,014999,250700,293
Net Income
1,070,5151,073,1771,039,739841,351585,026431,914
Earnings Per Share
5582.685592.005431.004381.003016.002222.00
EPS Growth
-0.33%2.96%23.97%45.26%35.73%64.96%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Payments
669,549658,726587,097478,684333,343217,085
Marketplace
2,101,9871,931,472732,943448,223239,609153,604
Fintech
1,629,6761,542,9341,281,8271,026,721745,023566,114
Eliminations
-40,609-31,171-15,486-560-2,423-
Revenue (Total)
4,304,8534,046,0742,532,1561,913,4901,270,592884,822

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
000000
Total Debt
334,794348,336137,940161,991224,418283,868
Net Cash (Debt)
-334,794-348,336-137,940-161,991-224,418-283,868
Net Cash Growth
------
Net Cash Per Share
-1745.93-1815.19-720.58-843.43-1156.84-1460.67

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
884,788673,611581,8921,106,1281,020,98470,351
Capital Expenditures
-188,646-182,513-95,726-50,257-59,468-24,901
Free Cash Flow
696,142491,098486,1661,055,871961,51645,450
Free Cash Flow Growth
33.19%1.01%-53.96%9.81%2015.55%-92.42%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
69.26%70.08%86.84%89.87%91.74%91.71%
Operating Margin
54.51%55.38%74.97%78.39%78.64%79.15%
Pretax Margin
31.28%32.92%50.64%53.41%56.71%59.76%
Profit Margin
24.75%26.39%41.74%44.36%46.34%49.19%
FCF Margin
16.17%12.14%19.20%55.18%75.67%5.14%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
7.254850.0002550.0003200.0001700.000883.000
Dividend Per Share Growth
0%-66.67%-20.31%88.23%92.53%-37.06%
Dividend Yield
8.03%0.00%6.85%---

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
7.717.099.15---
Forward PE
7.076.117.40---
P/FCF Ratio
11.5515.3619.41---
PS Ratio
1.901.863.73---