StoneCo (STNE) investor relations material

Executive summary

• Achieved steady progress on priorities including accelerating TPV growth, expanding banking and credit, and disciplined cost management, with a focus on MSMB payments and integrated financial solutions.

• Integrated Pagar.me into the platform, offering merchants unified omnichannel banking and payment solutions.

• Expanded active client base to 4.8 million, with sequential growth in revenue per client and maintained leadership in the Brazilian MSMB payments market.

• Launched new brand positioning as the bank for entrepreneurs to deepen client relationships and cross-sell opportunities.

• Total revenue and income from continuing operations reached R$3,587.4 million in 2Q26, up 2.5% year over year, driven by credit product growth.

Financial highlights

• Revenue reached R$3.59 billion, up 2.5% year-over-year, led by credit portfolio growth.

• Adjusted gross profit was R$1.56 billion, stable year-over-year with a margin of 43.6%; adjusted EPS grew 8.6% to R$2.40 due to share buybacks.

• Adjusted net income for the quarter was R$582.7 million, down 2.6% year-over-year but up 6.1% sequentially.

• Retail deposits rose 22% year-over-year to R$10.8 billion.

• Credit portfolio doubled year-over-year to R$3.8 billion, with government-backed loans at R$300 million.

Outlook and guidance

• 2026 guidance: Adjusted gross profit R$4.6–7 billion, adjusted basic EPS R$10.8–11.4, with mid-teens effective tax rate.

• Focus remains on delivering toward the lower end of 2026 guidance due to higher-for-longer interest rates and a tougher credit environment.

• Cost of risk expected to trend down to high teens by year-end.

• 2027 guidance: Adjusted gross profit R$7.2–8.3 billion, adjusted basic EPS R$11.8–13.4.

• Initiatives to address higher churn since 4Q25 are showing early positive results, especially in the Ton brand.