Pagbank (PAGS) Q2 2026 earnings summary

Executive summary

• Achieved business expansion across all segments with diluted EPS up 10% year-over-year.

• Ecosystem evolution drove TPV reacceleration (+3% y/y), higher cash-in (+23%), and credit portfolio growth (+31%).

• Returned R$2.0B to shareholders over the last twelve months through dividends and buybacks.

• Maintained robust profitability and capital strength, supporting long-term strategic ambitions.

Financial highlights

• Net revenue (ex-ITC) reached R$3.4B, up 2% year-over-year.

• Net income (non-GAAP) was R$576M, up 2% year-over-year.

• Diluted EPS (non-GAAP) was R$2.06, up 10% year-over-year.

• Gross profit grew 3% year-over-year to R$2.0B, with a margin of 59.1%.

• Total deposits increased 15% year-over-year to R$43B.

Outlook and guidance

• FY2026 guidance: credit portfolio growth of 25% y/y, gross profit growth of 6-9%, and EPS growth of 9-13%.

• Long-term goals for 2029 include R$25B credit portfolio, >10% gross profit CAGR, and >16% EPS CAGR.