StoneCo Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 6% year-over-year, with stable gross profit and strong capital returns, despite higher credit provisions and macro headwinds. Guidance remains unchanged, with growth expected to accelerate in the second half as churn and credit quality improve.
Fiscal Year 2025
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Leadership transitioned with a sharpened focus on payments, banking, and credit, driving 34% EPS growth and 26% ROE in Q4 2025. Guidance for 2026–2027 targets continued earnings expansion, disciplined capital returns, and scaling credit, amid a challenging macro and evolving competitive landscape.
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Adjusted gross profit and EPS saw strong double-digit growth year-to-date, with robust capital returns and expanding ROE. Credit and banking segments are growing rapidly, while macro headwinds and industry deceleration are impacting TPV. Spreads and funding costs remain healthy but sensitive to interest rates.
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Divestiture of software assets sharpened focus on financial services, unlocking over R$4B in value. Adjusted net income rose 27% and EPS 45% year-over-year, with strong banking and credit growth. Guidance for 2025 gross profit and EPS was raised, and excess capital is being returned to shareholders.
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First quarter results exceeded guidance with 19% revenue and gross profit growth year-over-year, driven by repricing and operational efficiency. TPV growth is expected to decelerate as profitability is prioritized, while share buybacks and deposit optimization continue to support returns.
Fiscal Year 2024
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2024 saw strong execution with most targets exceeded, including net income, deposits, and client growth, despite macro headwinds. Guidance for 2025 and 2027 points to continued double-digit growth in gross profit and EPS, with disciplined capital allocation and ongoing share buybacks.
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Q3 2024 saw strong growth in payment volumes, banking deposits, and credit, with record MSMB take rates and robust profitability. Strategic focus on efficiency, cross-selling, and capital allocation continues, while Pix adoption and rising rates shape future guidance.
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Second quarter 2024 saw robust growth in payments, banking, and credit, with revenues up 8% year-over-year and adjusted net income up 54%. Strong capital position enabled significant share buybacks and bond tender, while PIX QR code adoption accelerated, shifting payment mix.