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Joint Stock Company Kaspi.kz (KSPI)
NASDAQ: KSPI · Real-Time Price · USD
73.51
+1.79 (2.50%)
Mar 17, 2026, 4:00 PM EDT - Market closed

Revenue

Millions KZT. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19
Payments Revenue
658.73B587.10B
Payments Revenue Growth
12.20%22.65%
Marketplace Revenue
1.93T732.94B
Marketplace Revenue Growth
163.52%63.52%
Fintech Revenue
1.54T1.28T
Fintech Revenue Growth
20.37%24.85%
Eliminations from Revenue
-31.17B-15.49B
Revenue (Other)
-55.89B-54.23B
Revenue (Total)
4.05T2.53T
Revenue (Total) Growth
59.79%32.33%

Revenue by Geography

Millions KZT. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19
Kazakhstan and Other Revenue
3.07T2.59T
Kazakhstan and Other Revenue Growth
18.71%-
Türkiye Revenue
1.03T-
Revenue (Total)
4.05T2.53T
Revenue (Total) Growth
59.79%32.33%

Net Income

Millions KZT. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19
Payments Segment Net Income
433.00B381.61B
Payments Segment Net Income Growth
13.47%23.54%
Marketplace Segment Net Income
279.77B348.40B
Marketplace Segment Net Income Growth
-19.70%40.51%
Fintech Segment Net Income
354.93B326.83B
Fintech Segment Net Income Growth
8.60%11.96%

Key Performance Indicators

Millions KZT. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19
Total Payment Volume (TPV)
44.20T37.20T
Total Payment Volume (TPV) Growth
18.82%30.96%
Payments Active Consumers
14.60M13.60M
Payments Active Consumers Growth
7.35%5.43%
Total Payment Volume (TPV) Payments Transactions
6.70B5.89B
Total Payment Volume (TPV) Payments Transactions Growth
13.75%39.61%
Payments Take Rate
1.10%1.18%
Average Balances on Current Accounts
981.00B938.00B
Average Balances on Current Accounts Growth
4.58%21.98%
Marketplace Gross Merchandise Volume (GMV)
6.70T5.98T
Marketplace Gross Merchandise Volume (GMV) Growth
12.13%43.59%
Marketplace Active Consumers
8.80M8.10M
Marketplace Active Consumers Growth
8.64%14.09%
Marketplace Purchases
316.40M233.60M
Marketplace Purchases Growth
35.45%41.58%
Marketplace Take Rate
10.50%9.70%
Total Finance Volume (TFV)
11.70T10.31T
Total Finance Volume (TFV) Growth
13.54%29.95%
Fintech Active Consumers (Loans)
6.30M6.40M
Fintech Active Consumers (Loans) Growth
-1.56%3.23%
Fintech Active Consumers (Deposits)
6.20M5.70M
Fintech Active Consumers (Deposits) Growth
8.77%18.75%
Average Net Loan Portfolio
6.40T4.90T
Average Net Loan Portfolio Growth
30.75%38.20%
Fintech Yield
24.00%24.00%
Total Finance Volume (TFV) to Average Net Loan Portfolio Conversion Rate
-2.10
Total Finance Volume (TFV) to Average Net Loan Portfolio Conversion Rate Growth
--4.54%
Fintech Average Savings
6.70T5.69T
Fintech Average Savings Growth
17.79%26.63%
Fintech Cost of Risk
2.20%2.10%
Updated Mar 2, 2026. Data Source: Fiscal.ai.