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Joint Stock Company Kaspi.kz (KSPI)
NASDAQ: KSPI · Real-Time Price · USD
83.54
-1.27 (-1.50%)
At close: Jun 23, 2026, 4:00 PM EDT
83.50
-0.04 (-0.05%)
After-hours: Jun 23, 2026, 4:12 PM EDT

Revenue

Millions KZT. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19
Payments Revenue
669.55B658.73B587.10B
Payments Revenue Growth
1.64%12.20%22.65%
Marketplace Revenue
2.10T1.93T732.94B
Marketplace Revenue Growth
8.83%163.52%63.52%
Fintech Revenue
1.63T1.54T1.28T
Fintech Revenue Growth
5.62%20.37%24.85%
Eliminations from Revenue
-40.61B-31.17B-15.49B
Revenue (Other)
-55.76B-55.89B-54.22B
Revenue (Total)
4.30T4.05T2.53T
Revenue (Total) Growth
6.40%59.79%32.33%

Revenue by Geography

Millions KZT. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Period Ending
Mar '26 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)
4.30T4.05T2.53T
Revenue (Total) Growth
6.40%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
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19
Total Payment Volume (TPV)
45.90T44.22T37.23T
Total Payment Volume (TPV) Growth
3.80%18.78%31.06%
Payments Active Consumers
14.70M14.60M13.60M
Payments Active Consumers Growth
0.69%7.35%5.43%
Total Payment Volume (TPV) Payments Transactions
-6.72B5.89B
Total Payment Volume (TPV) Payments Transactions Growth
-14.16%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)
7.40T6.66T5.98T
Marketplace Gross Merchandise Volume (GMV) Growth
11.16%11.41%43.59%
Marketplace Active Consumers
20.40M8.80M8.10M
Marketplace Active Consumers Growth
131.82%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)
11.70T11.65T10.31T
Total Finance Volume (TFV) Growth
0.41%13.07%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
-6.42T4.90T
Average Net Loan Portfolio Growth
-31.05%38.20%
Fintech Yield
-24.00%24.00%
Total Finance Volume (TFV) to Average Net Loan Portfolio Conversion Rate
-1.802.10
Total Finance Volume (TFV) to Average Net Loan Portfolio Conversion Rate Growth
--14.29%-4.54%
Fintech Average Savings
-6.70T5.69T
Fintech Average Savings Growth
-17.74%26.63%
Fintech Cost of Risk
-2.20%2.10%