Credicorp Ltd (BAP) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$7.36	$7.38	+0.3%	—	$6.9B	—
Q1 26	$7.26	$7.59	+4.5%	—	$6.2B	—
Q4 25	$6.45	$5.93	-8.1%	—	$6.1B	—
Q3 25	$6.31	$6.47	+2.5%	—	$6.1B	—
Q2 25	$5.97	$6.41	+7.4%	—	$6.1B	—
Q1 25	$5.44	$6.06	+11.4%	—	$5.6B	—
Q4 24	$4.39	$3.79	-13.7%	—	$1.6B	—
Q3 24	$4.72	$5.06	+7.2%	—	$1.6B	—
Q2 24	$4.76	$4.5	-5.5%	—	$1.5B	—
Q1 24	$4.41	$5.13	+16.3%	—	$5.1B	—
Q4 23	$2.68	$2.75	+2.6%	—	$4.9B	—
Q3 23	$16.5	$15.5	-6.1%	—	$5B	—
Q2 23	$16.2	$17.6	+8.6%	—	$4.9B	—
Q1 23	$4.09	$4.68	+14.4%	—	$4.7B	—
Q4 22	$4.05	$3.48	-14.1%	—	$6.6B	—
Q3 22	$15.2	$16.3	+7.8%	—	$4.5B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$87.3	—	—	$24B	—
FY24	—	$69.2	—	—	$6.3B	—
FY23	—	$61.2	—	—	$19.5B	—
FY22	—	$58.3	—	—	$16.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$12.5B	$13.4B	$13.6B	$14.7B	$15.2B	$16.7B	$16.7B	$19.5B	$6.3B	$24B
YoY change	+4.68%	+7.77%	+1%	+8.12%	+3.98%	+9.78%	-0.14%	+16.9%	-67.6%	+279%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	12.5B	13.4B	13.6B	14.7B	15.2B	16.7B	16.7B	19.5B	6.3B	24B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	4.3B	4.5B	4.7B	5.1B	6.7B	8.3B	6.6B	7.4B	2.4B	8.7B
Operating expenses	4.3B	4.5B	4.7B	5.1B	6.7B	8.3B	6.6B	7.4B	2.4B	8.7B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	4.9B	5.6B	5.6B	6B	224.2M	5.3B	6.9B	6.8B	2.3B	9.9B
Income tax	1.3B	1.4B	1.5B	1.6B	-110M	1.7B	2.1B	1.9B	655.9M	2.9B
Net income	3.6B	4.2B	4.1B	4.4B	334.1M	3.7B	4.8B	5B	1.7B	7.1B
Net margin	29%	31.2%	30%	29.7%	2.19%	21.9%	28.5%	25.4%	26.5%	29.5%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	44.2	51.5	50.1	53.7	4.37	45.1	58.3	61.2	69.2	87.3
Diluted EPS	44.1	51.4	50	53.5	4.36	45	58.3	61.1	69.1	87.1

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	5B	4.9B	5.1B	1.5B	1.6B	1.6B	5.6B	6.1B	6.1B	6.1B	6.2B	6.9B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.8B	2.1B	1.8B	541.2M	578.7M	694.4M	2.1B	2B	2.1B	2.5B	2.3B	2.4B
Operating expenses	1.8B	2.1B	1.8B	541.2M	578.7M	694.4M	2.1B	2B	2.1B	2.5B	2.3B	2.4B
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	1.7B	1.3B	2.1B	530.3M	628.1M	523.1M	2.5B	2.6B	2.5B	2.4B	2.9B	2.8B
Income tax	455.9M	434.6M	528.5M	146M	165.1M	178.3M	704.5M	697M	728.3M	735.2M	808.9M	814.4M
Net income	1.3B	852.2M	1.5B	384.3M	463M	344.8M	1.8B	1.9B	1.8B	1.6B	2.1B	2B
Net margin	25.5%	17.3%	30.2%	25.2%	28.5%	22.1%	32.3%	30.5%	28.9%	26.7%	33.9%	29.5%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	15.6	10.6	19	16.9	19.2	14.2	22.4	22.8	21.9	20	26	25
Diluted EPS	15.6	10.6	19	16.9	19.2	14.2	22.4	22.8	21.9	20	26	25

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	46.7B	61.3B	65.5B	63B	48.4B	36.1B	40.1B	43.6B	—	—	—
Enterprise value	34.6B	37.3B	44B	36.9B	-8.1B	-12B	2.4B	3.8B	—	—	—
Shares outstanding	295.5M	295.5M	295.6M	295.6M	295.3M	295.6M	295.8M	291.1M	23.7M	79.4M	79.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	12.9	14.7	16.1	14.5	145	9.83	8.43	8.8	—	—	—
P/S	3.75	4.57	4.83	4.3	3.18	2.16	2.4	2.23	—	—	—
P/B	2.32	2.75	2.7	2.36	1.9	1.34	1.36	1.32	—	—	—
EV/Sales	2.78	2.78	3.25	2.52	-0.53	-0.72	0.14	0.19	—	—	—
Earnings yield	7.74%	6.82%	6.21%	6.91%	0.69%	10.2%	11.9%	11.4%	—	—	—
FCF yield	-3.76%	14.8%	-1.3%	10.2%	24.9%	9.24%	-5.1%	6.71%	—	—	—

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Net margin	29%	31.2%	30%	29.7%	2.19%	21.9%	28.5%	25.4%	26.5%	29.5%	29.5%
ROE	17.9%	18.8%	16.8%	16.3%	1.31%	13.7%	16.1%	15%	16.1%	18.1%	18.1%
ROA	—	—	—	—	—	—	—	2.08%	2.2%	2.65%	2.65%
Return on tangible assets	—	—	—	—	—	—	—	2.13%	2.25%	2.75%	2.75%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	1.16	1.06	0.98	0.91	0.9	0.96	0.88	0.81	0.81	0.65	0.65
Debt / assets	—	—	—	—	—	—	—	0.11	0.11	0.09	0.09
Effective tax rate	26.2%	25%	27.2%	27.2%	0%	31.1%	30.7%	27.6%	28.1%	28.8%	28.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	42.1	45.4	45.9	49.6	51.6	56.6	56.5	67.1	267.4	302.2	302.2
EPS (basic)	44.2	51.5	50.1	53.7	4.37	45.1	58.3	61.2	69.2	87.3	87.3
EPS (diluted)	44.1	51.4	50	53.5	4.36	45	58.3	61.1	69.1	87.1	87.1
Book value per share	68.1	75.3	82.1	90.5	86.2	90.8	100.1	113.7	440.2	492.5	492.5
FCF per share	-5.94	30.8	-2.89	21.7	40.8	11.3	-6.92	10.1	168.8	92.4	92.4
Cash per share	119.5	161.2	152.9	171.1	269.1	249.5	215.5	228.9	1K	1K	1K
Capex per share	0.21	0.34	0.29	0.34	0.25	0.33	0.63	0.92	2.67	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.51%	0.74%	0.64%	0.68%	0.49%	0.58%	1.12%	1.38%	1%	—	—
Capex / operating cash flow	1.61%	0.53%	0.58%	0.68%	0.85%	0.49%	1.48%	3.04%	1.17%	—	—
Payout ratio	18.1%	53.4%	27.8%	51.3%	716.1%	10.9%	25.1%	40.2%	65.2%	44.9%	44.9%
Dividend yield	1.4%	3.64%	1.73%	3.54%	4.94%	1.11%	2.98%	4.57%	—	—	—

Yield

—

trailing twelve months

Frequency

Annual

Last dividend

$1.458

ex-dividend May 18, 2026

Payout ratio

45%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
May 18, 2026	$1.458
May 19, 2025	$11.011
Sep 23, 2024	$2.902
May 17, 2024	$0.939
May 18, 2023	$0.679
May 19, 2022	$3.9936
Sep 14, 2021	$1.2087
Apr 8, 2020	$8.803

Split history

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$5B	$4.9B	$5.1B	$1.5B	$1.6B	$1.6B	$5.6B	$6.1B	$6.1B	$6.1B	$6.2B	$6.9B
YoY change	+11.1%	-25.6%	+8.36%	-69%	-67.2%	-68.5%	+9.96%	+301.4%	+277.9%	+290.8%	+11.1%	+12.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	35.3B	47.6B	45.2B	50.6B	79.5B	73.8B	63.7B	66.6B	24.3B	82B
Receivables	784.4M	779.7M	865.2M	870.4M	1.2B	1.3B	1.4B	1.5B	786.1M	2.9B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	436.2M	369.6M	433M	1.2B	996.2M	4.4B	749.8M	817.5M	243M	1.5B
Goodwill & intangibles	3.9B	4B	4.1B	5.1B	5.3B	5.4B	5.8B	6.5B	2B	9.5B
Total assets	—	—	—	—	—	—	—	238.8B	76.3B	267.4B
Accounts payable	1.7B	2.1B	1.7B	1.9B	1.9B	2.9B	3.3B	4B	1.1B	3.7B
Short-term debt	—	—	—	—	—	—	—	—	409.1M	1.9B
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	23.2B	23.7B	23.7B	24.4B	22.9B	25.7B	26B	26.8B	8.1B	23.4B
Total liabilities	—	—	—	—	—	—	—	—	65.9B	228.3B
Shareholders' equity	20.1B	22.3B	24.3B	26.7B	25.4B	26.8B	29.6B	33.1B	10.4B	39.1B
Total debt	23.2B	23.7B	23.7B	24.4B	22.9B	25.7B	26B	26.8B	8.5B	25.3B
Net debt	6.6B	448.5M	1.6B	-1.5B	-13.8B	-13.6B	-8.1B	-7.1B	-5.7B	-23.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	68.4B	66.6B	77.2B	20.8B	25B	24.3B	86.2B	79.3B	81.1B	82B	94.3B	92B
Receivables	—	1.5B	—	—	—	786.1M	—	—	—	2.9B	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	817.5M	—	—	—	243M	—	—	—	1.5B	—	—
Goodwill & intangibles	3.1B	6.5B	3.2B	926.2M	942.1M	2B	4.4B	4.4B	4.6B	9.5B	4.7B	4.8B
Total assets	—	238.8B	241.2B	69.7B	74.3B	76.3B	254.2B	249B	255.3B	267.4B	278.5B	282.8B
Accounts payable	1.5B	4B	1.4B	403.6M	388.7M	1.1B	956.3M	770.3M	847M	3.7B	918.2M	882.2M
Short-term debt	—	—	—	—	—	409.1M	—	—	—	1.9B	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	25.4B	26.8B	28.2B	8.6B	8.8B	8.1B	25.3B	23.3B	23.5B	23.4B	25B	26.5B
Total liabilities	—	—	206.7B	60.4B	64.2B	65.9B	217.8B	214B	218B	228.3B	237.9B	244B
Shareholders' equity	31.9B	33.1B	34.4B	9.3B	10.1B	10.4B	36.4B	35.1B	37.3B	39.1B	40.6B	38.8B
Total debt	25.4B	26.8B	28.2B	8.6B	8.8B	8.5B	25.3B	23.3B	23.5B	25.3B	25B	26.5B
Net debt	-7.5B	-7.1B	-10.9B	-1.2B	-4.3B	-5.7B	-19.2B	-18.2B	-19.6B	-23.6B	-25.7B	-22B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	3.6B	4.2B	4.1B	4.4B	334.1M	3.7B	4.8B	5B	1.7B	7.1B
Depreciation & amortization	411.4M	426.4M	436.5M	622.2M	676.9M	690.6M	643.6M	667.1M	215.3M	901.9M
Stock-based compensation	73.9M	104.2M	106.9M	120.1M	104.5M	74M	81.7M	83.3M	31.2M	149M
Change in working capital	-824.3M	13.3B	9.4B	8.6B	7.6B	13.6B	7B	2.9B	3.3B	19.2B
Operating cash flow	3.9B	18.7B	14.9B	14.6B	8.9B	19.6B	12.6B	8.9B	5.4B	8.6B
Capital expenditure	-63.1M	-99.7M	-86.4M	-99.4M	-75.2M	-96.3M	-187.3M	-269.2M	-63.1M	—
Investing cash flow	-1.6B	415.1M	384.4M	1.1B	-1.3B	-3.2B	-303.8M	-388.6M	402.9M	-302.4M
Dividends paid	-653.3M	-2.2B	-1.1B	-2.2B	-2.4B	-398.8M	-1.2B	-2B	-1.1B	-3.2B
Share repurchases	-66.5M	-71M	-95.4M	-103.2M	-152M	-58.9M	-83.6M	-85.6M	-33M	-119.3M
Financing cash flow	-1.2B	-2.4B	-1.4B	-2.5B	-2.7B	-621.1M	-1.5B	-2.3B	-1.2B	-3.6B
Net change in cash	1.1B	16.7B	13.8B	13.1B	4.8B	15.7B	10.8B	6.2B	4.6B	4.7B
Free cash flow	-1.8B	9.1B	-852.8M	6.4B	12.1B	3.3B	-2B	2.9B	4B	7.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 02	Q1 19	Q1 20
Net income	43.7M	1.1B	213.2M
Depreciation & amortization	36.2M	138.1M	173.4M
Stock-based compensation	—	26.4M	20.1M
Change in working capital	—	-1.3B	5.7B
Operating cash flow	758.9M	259.9M	6B
Capital expenditure	-50.1M	-29.9M	7.1M
Investing cash flow	37.8M	1B	-928M
Dividends paid	—	-1.6B	-2.4B
Share repurchases	—	-103.2M	-151.9M
Financing cash flow	-262.6M	-1.8B	-2.6B
Net change in cash	534.2M	-513.2M	2.5B
Free cash flow	324.9M	956.3M	3.2B

Date	Ratio
Apr 16, 2014	1039:1000
Mar 27, 1998	11:10
Apr 29, 1997	6:5
Apr 19, 1996	1175:1000

Credicorp Ltd Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement