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

Revenue

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	FY 2020	FY 2019
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	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Payments Revenue	686.99B	658.73B	587.10B
Marketplace Revenue	2.07T	1.93T	732.94B
Fintech Revenue	1.79T	1.54T	1.28T
Eliminations from Revenue	-45.92B	-31.17B	-15.49B
Revenue (Other)	-45.84B	-55.89B	-54.23B
Revenue (Total)	4.46T	4.05T	2.53T

Revenue by Geography

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	FY 2020	FY 2019
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	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Kazakhstan and Other Revenue	-	3.07T	2.59T
Türkiye Revenue	-	1.03T	-
Revenue (Total)	4.46T	4.05T	2.53T

Financials in millions KZT. Fiscal year is January - December.

Millions KZT. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	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	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Payments Segment Net Income	433.00B	381.61B
Marketplace Segment Net Income	279.77B	348.40B
Fintech Segment Net Income	354.93B	326.83B

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	FY 2020	FY 2019
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	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Total Payment Volume (TPV)	49.90T	44.22T	37.23T
Payments Active Consumers	15.00M	14.60M	13.60M
Total Payment Volume (TPV) Payments Transactions	-	6.72B	5.89B
Payments Take Rate	-	1.10%	1.18%
Average Balances on Current Accounts	-	981.00B	938.00B
Marketplace Gross Merchandise Volume (GMV)	8.60T	6.66T	5.98T
Marketplace Active Consumers	20.60M	8.80M	8.10M
Marketplace Purchases	-	316.40M	233.60M
Marketplace Take Rate	-	10.50%	9.70%
Total Finance Volume (TFV)	-	11.65T	10.31T
Fintech Active Consumers (Loans)	-	6.30M	6.40M
Fintech Active Consumers (Deposits)	-	6.20M	5.70M
Average Net Loan Portfolio	-	6.42T	4.90T
Fintech Yield	-	24.00%	24.00%
Total Finance Volume (TFV) to Average Net Loan Portfolio Conversion Rate	-	1.80	2.10
Fintech Average Savings	-	6.70T	5.69T
Fintech Cost of Risk	-	2.20%	2.10%