StoneCo (STNE) Q2 2026 earnings summary

Executive summary

• Achieved steady progress on priorities including TPV growth, banking and credit expansion, and disciplined cost management, with a focus on MSMB payments and integrated financial 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 with ~12% share.

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

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

• 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% year-over-year to R$2.40, supported by share buybacks.

• 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.

• TPV grew 9% year-over-year to R$561 billion; ARPAC was R$251.1, up 1.5% sequentially but down 6.6% year-over-year.

Outlook and guidance

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

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

• Focus remains on delivering 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.

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