)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Pagbank (PAGS) investor relations material
Pagbank Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Ended Q3 2025 with 33.7 million clients, up 1.6 million year-over-year, demonstrating resilience amid a challenging macroeconomic environment and tough year-over-year comparisons.
Achieved 14% year-over-year growth in both revenues and EPS for Q3 2025, with net income stable compared to the same quarter last year.
Banking business expanded, now contributing over 27% of total gross profit, with gross profit from banking up 56%-59% year-over-year.
Credit portfolio expanded 30% year-over-year to R$4.2 billion, with NPLs at half the industry average.
Strategic focus on operational efficiency, disciplined execution, and long-term value creation, with a fully integrated payments and banking ecosystem.
Financial highlights
Net revenue (excluding interchange and card scheme fees/ITC) rose 14%-14.4% year-over-year to R$3.4 billion.
Gross profit totaled R$1.9 billion, up 1.6%-2% year-over-year.
Non-GAAP net income was R$571 million, flat year-over-year; diluted GAAP EPS reached R$1.88, up 14% year-over-year.
Banking revenue grew 50%-50.2% year-over-year to R$744 million; banking gross profit up 58.7%-59% year-over-year, now over 27% of total gross profit.
Operating expenses decreased 3% year-over-year, mainly due to lower personnel expenses and disciplined market investments.
Outlook and guidance
Gross profit growth guidance for 2025 revised to 5%-7% due to elevated financial costs in a high interest rate environment.
Full-year diluted EPS growth guidance narrowed to 13%-15% year-over-year.
Strategic targets for 2029 include R$25 billion credit portfolio, above 10% gross profit CAGR, and above 16% EPS CAGR.
Dividend payout acceleration planned for 2026, with R$1.4 billion to be distributed.
Impact of macro on TPV per active client
Mitigating rising financial costs strategy
New leadership's focus on 2029 goals
Reconcile 2026 credit outlook with acceleration
Explain TPV decline vs. revenue/profit growth
How will new leadership impact 2029 targets?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Pagbank earnings date
Q4 20255 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Serving Brazilian Entrepreneurs and Businesses
PagSeguro Digital is a Brazilian company that operates in the financial services sector, specifically focusing on solutions for online and in-person payments. It has become a prominent player in the Brazilian market, particularly known for providing accessible and secure payment options for small businesses and individual entrepreneurs. PagSeguro offers a range of products and services, including payment processing, POS (Point of Sale) systems, and digital accounts. The company is headquartered in São Paulo, Brazil, and its shares are listed on the NYSE.
Universo Online
PagSeguro was founded in 2006 as part of the Universo Online (UOL) group, one of the largest internet service providers and web portals in Brazil. The company started as an online payment platform designed to offer secure, efficient, and simple payment solutions, primarily catering to the needs of e-commerce websites. Over the years, PagSeguro expanded its services beyond online payments. Recognizing the need for versatile payment solutions in Brazil, PagSeguro ventured into providing payment processing tools for physical stores as well. Today, together with StoneCo and MercadoLibre’s payment platform, it plays an important role in the Brazilian payment sector.
Payment Solutions
PagSeguro services are primarily focused on serving the needs of merchants, small businesses, and individual entrepreneurs. The core of its business revolves around providing a comprehensive suite of digital payment solutions, which are designed to facilitate seamless transactions in both online and offline settings.
One of the central offerings of PagSeguro is its online payment platform. This platform supports various payment methods, including credit and debit cards, bank transfers, and payment slips, a popular payment method in Brazil. The platform is geared towards e-commerce businesses, enabling them to integrate secure and efficient payment processing into their websites.
In-Person Transactions
In addition to online payments, PagSeguro has significantly contributed to the digitalization of in-person transactions in Brazil. The company provides a range of card readers and POS systems that are designed for physical retail environments. These devices are compatible with smartphones and tablets, allowing for mobile and flexible payment processing. This aspect of their service is particularly important in catering to small businesses and individual entrepreneurs who may not have access to traditional banking services.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage