StoneCo Ltd. Earnings Recaps
Q1 2026
May 20, 2026
StoneCo's shares edged up 0.8% post-earnings, reflecting a largely in-line quarter marked by stable margins and ongoing credit portfolio growth, though softer merchant dynamics and elevated provisions weighed on upside.
Key takeaways
- Total revenue grew 6% year-over-year to BRL 3.6 billion, led by expanding credit revenues and solid payment profitability.
- Adjusted gross profit held steady at BRL 1.5 billion despite higher provisions and some one-off expenses including severance costs.
- Non-performing loans exceeded expectations, prompting tightened risk controls and pricing adjustments to preserve credit cohort profitability.
- Elevated churn persisted among clients onboarded in 2025 due to complex bundling and pricing, with management working to simplify offerings to improve retention.
- Capital returns remained significant, with BRL 3.6 billion distributed year-to-date including a large special dividend from the Linx divestiture, and further buybacks planned.
Q3 2025
Nov 8, 2025
StoneCo demonstrated resilient performance in Q3 2025, achieving a 15.2% year-to-date growth in adjusted gross profit and a 37% increase in adjusted EPS amidst a challenging macro environment.
Key takeaways
- Adjusted net income rose 18% year-over-year, with a consolidated ROE improving to 24%.
- Total revenue reached BRL 3.6 billion, driven by solid execution in core business despite lower floating revenues.
- Active client base grew 17% to 4.7 million, reflecting strong engagement in the MSMB segment.
- Client deposits increased by 32% year-over-year, indicating higher adoption of banking solutions.
- The credit portfolio grew 27% sequentially, maintaining strong asset quality with NPLs over 90 days at 5.03%.