Banco Bradesco SA (BBDO) 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 %
Q1 23	—	$0.1	—	—	$25.8B	—
Q4 22	—	$0.02	—	—	$27.4B	—
Q3 22	—	$0.09	—	—	$24.2B	—
Q2 20	$0.09	$0.08	-11.1%	—	—	—
Q1 20	$0.13	$0.09	-30.8%	—	—	—
Q4 19	$0.18	$0.18	0.0%	—	—	—
Q3 19	$0.18	$0.19	+5.6%	—	—	—
Q2 19	$0.17	$0.19	+11.8%	—	—	—
Q1 19	$0.17	$0.16	-5.9%	—	—	—
Q4 18	$0.16	$0.17	+6.3%	—	—	—
Q3 18	$0.14	$0.17	+21.4%	—	—	—
Q2 18	$0.15	$0.16	+6.7%	—	—	—
Q1 18	$0.16	$0.18	+12.5%	—	—	—
Q4 17	$0.17	$0.19	+11.8%	—	-$17.6B	—
Q3 17	$0.17	$0.19	+11.8%	—	$36.8B	—
Q2 17	$0.17	$0.18	+5.9%	—	$33.5B	—

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	—	$2.13	—	—	$117.8B	—
FY24	—	$1.55	—	—	$20.2B	—
FY23	—	$1.27	—	—	$100.3B	—
FY22	—	$1.87	—	—	$106.3B

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	$96.4B	$91.2B	$88.8B	$99.3B	$82.4B	$102.4B	$106.3B	$100.3B	$20.2B	$117.8B
YoY change	+44.9%	-5.37%	-2.63%	+11.8%	-17%	+24.4%	+3.75%	-5.64%	-79.9%	+483.7%

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	96.4B	91.2B	88.8B	99.3B	82.4B	102.4B	106.3B	100.3B	20.2B	117.8B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	33.2B	41B	37.8B	40.8B	37.3B	39.1B	39.9B	40.6B	8.3B	45B
Operating expenses	33.2B	41B	37.8B	40.8B	37.3B	39.1B	39.9B	40.6B	8.3B	45B
Operating income	30.2B	23.7B	—	—	—	—	—	—	—	—
Operating margin	31.3%	26%	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	31.9B	23.7B	19.4B	13.4B	4.1B	32.9B	24.6B	10.2B	3.2B	21B
Income tax	13.9B	6.4B	2.7B	-7.8B	-12B	9.5B	3.2B	-4.3B	-123M	-2.9B
Net income	18B	17.3B	16.7B	21.2B	16B	23.4B	21.5B	14.5B	3.4B	23.9B
Net margin	18.7%	19%	18.9%	21.3%	19.5%	22.8%	20.2%	14.5%	16.7%	20.3%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	1.59	1.52	1.48	1.87	1.41	2.07	1.87	1.27	1.55	2.13
Diluted EPS	1.59	1.52	1.48	1.87	1.41	2.07	1.87	1.27	1.55	2.13

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	24.1B	25.8B	25B	25.7B	4.7B	5.7B	30.2B	30.3B	28B	29.7B	32.9B	32.1B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	10.2B	10.7B	10.2B	10.4B	2B	2.2B	11.1B	10.4B	11.4B	12.1B	11.2B	11.6B
Operating expenses	10.2B	10.7B	10.2B	10.4B	2B	2.2B	11.1B	10.4B	11.4B	12.1B	11.2B	11.6B
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	2.1B	-1.2B	4.3B	3.7B	1B	631.4M	6.1B	4.3B	4.9B	5.8B	7.8B	7.3B
Income tax	-1.4B	-2.7B	97.7M	-456.6M	118.2M	-175.1M	387.3M	-1.8B	-687.7M	-789.8M	2.6B	91.4M
Net income	3.5B	1.5B	4.2B	4.2B	926.5M	806.6M	5.7B	6.1B	5.6B	6.5B	5.2B	7.2B
Net margin	14.4%	5.76%	16.8%	16.3%	19.8%	14.2%	18.8%	20.3%	19.9%	22%	15.9%	22.5%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	0.3	—	0.37	0.37	0.44	—	0.5	0.55	0.49	—	0.47	0.64
Diluted EPS	0.3	—	0.37	0.37	0.44	—	0.5	0.55	0.49	—	0.47	0.64

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	277.2B	290.3B	—	542.4B	288.1B	181B	161B	194.9B	—	—	32.2B
Enterprise value	345.4B	291.8B	—	462.8B	194.1B	98B	255.9B	221.7B	—	—	114.3B
Shares outstanding	31.3B	31.3B	62.5B	62.5B	62.5B	62.4B	62.4B	61.3B	2B	10.6B	10.6B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	15.4	16.8	—	25.6	18	7.74	7.5	13.4	—	—	7.29
P/S	2.88	3.18	—	5.46	3.5	1.77	1.51	1.94	—	—	0.35
P/B	2.63	2.47	—	4	1.97	1.2	1.01	1.17	—	—	0.93
EV/Sales	3.58	3.2	—	4.66	2.36	0.96	2.41	2.21	—	—	6.35
Earnings yield	6.49%	5.96%	—	3.9%	5.57%	12.9%	13.3%	7.44%	—	—	13.7%
FCF yield	17.6%	10.3%	—	-4.57%	48%	-58.8%	25.1%	-4.78%	—	—	35%
PEG	—	—	—	—	—	—	—	—	—	—	0.45

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	31.3%	26%	—	—	—	—	—	—	—	—	34.5%
Net margin	18.7%	19%	18.9%	21.3%	19.5%	22.8%	20.2%	14.5%	16.7%	20.3%	26.1%
ROE	17.1%	14.7%	13.4%	15.6%	11%	15.6%	13.4%	8.68%	10.4%	13.4%	13.8%
ROA	—	—	—	—	—	—	—	—	0.85%	1.03%	1.07%
ROIC	9.8%	14.5%	—	—	—	—	—	—	—	—	—
Return on tangible assets	—	—	—	—	—	—	—	—	0.87%	1.05%	1.02%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	2.01	1.65	1.75	1.78	1.49	1.59	2.18	2.15	2.41	2.51	0.01
Debt / assets	—	—	—	—	—	—	—	—	0.2	0.19	0.2
Effective tax rate	43.6%	27.1%	13.9%	0%	0%	28.8%	12.9%	0%	0%	0%	4.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	3.08	2.91	1.42	1.59	1.32	1.64	1.7	1.64	9.92	11.1	8.82
EPS (basic)	1.59	1.52	1.48	1.87	1.41	2.07	1.87	1.27	1.55	2.13	2.13
EPS (diluted)	1.59	1.52	1.48	1.87	1.41	2.07	1.87	1.27	1.55	2.13	0.42
Book value per share	3.37	3.76	2	2.17	2.34	2.41	2.56	2.73	15.9	16.9	3.3
FCF per share	1.56	0.96	-0.19	-0.4	2.21	-1.71	0.65	-0.15	3.97	-7.01	0.3
Cash per share	4.6	6.14	4.86	5.13	4.99	5.16	4.07	5.43	27.6	25.7	26.5
Capex per share	0.07	0.05	0.03	0.03	0.02	0.01	0.03	0.01	0.16	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.38%	1.59%	2.28%	1.83%	1.21%	0.61%	1.74%	0.6%	1.62%	—	—
Capex / operating cash flow	1.81%	1.58%	3.09%	2.98%	0.46%	1.33%	1.11%	0.54%	0.86%	—	—
Payout ratio	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	66.1%
Dividend yield	0%	0%	—	0%	0%	0%	0%	0%	—	—	0.79%

Yield

0.79%

trailing twelve months

Frequency

Monthly

Last dividend

$0.003

ex-dividend Sep 3, 2026

Payout ratio

66%

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Sep 3, 2026	$0.003
Aug 5, 2026	$0.003
Jul 7, 2026	$0.061

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	$24.1B	$25.8B	$25B	$25.7B	$4.7B	$5.7B	$30.2B	$30.3B	$28B	$29.7B	$32.9B	$32.1B
YoY change	-0.33%	-5.68%	-3.11%	+4.8%	-80.6%	-77.9%	+20.5%	+18%	+499.4%	+422%	+9.17%	+6.04%

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	144B	192.3B	304B	320.8B	311.9B	321.9B	254.3B	332.7B	56.1B	272.3B
Receivables	1.8B	3B	664.3M	164.5M	759.7M	1.4B	2B	2.7B	1.2B	5.9B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	14.7B	11.7B	6.2B	6.8B	5.3B	4.2B	3.9B	2.7B	377.3M	4.9B
Goodwill & intangibles	31.6B	32.4B	32.3B	29.4B	29.3B	29.8B	37.6B	44.2B	9.1B	51.5B
Total assets	—	—	—	—	—	—	—	—	396.6B	2.3T
Accounts payable	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	212.3B	193.8B	218.3B	241.2B	217.9B	238.9B	349.2B	359.5B	77.9B	448.7B
Total liabilities	—	—	—	—	—	—	—	—	364.2B	2.2T
Shareholders' equity	105.5B	117.7B	124.7B	135.5B	146.1B	150.2B	160B	167B	32.4B	178.9B
Total debt	212.3B	193.8B	218.3B	241.2B	217.9B	238.9B	349.2B	359.5B	77.9B	448.7B
Net debt	181.4B	160.9B	92.3B	112.9B	91.8B	110.5B	206.2B	187.6B	45.6B	287.8B

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	308.7B	332.7B	315.4B	342.1B	56.3B	56.1B	282.9B	263.9B	265.4B	272.3B	295.8B	265B
Receivables	2.8B	2.7B	2.8B	5.5B	1.1B	1.2B	5B	6B	5.8B	5.9B	7.5B	7.5B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	2.6B	2.7B	7.2B	2.7B	383.8M	377.3M	5.3B	4.6B	4.6B	4.9B	4.5B	4.3B
Goodwill & intangibles	39.4B	44.2B	44.9B	45.2B	8.7B	9.1B	46.6B	48B	48.3B	51.5B	53.2B	53.8B
Total assets	—	—	2T	2T	378B	396.6B	2.1T	2.1T	2.2T	2.3T	2.4T	2.5T
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	347.4B	359.5B	366B	380.4B	73.3B	77.9B	403.3B	427.2B	434.2B	448.7B	466.5B	483B
Total liabilities	—	—	1.8T	1.8T	346.6B	364.2B	1.9T	2T	2T	2.2T	2.3T	2.3T
Shareholders' equity	166.9B	167B	166.5B	165.2B	31.4B	32.4B	171.1B	174.5B	176.1B	178.9B	180.3B	182.7B
Total debt	347.4B	359.5B	366B	380.4B	73.3B	77.9B	403.3B	427.2B	434.2B	448.7B	466.5B	483B
Net debt	188.8B	187.6B	200.9B	210.5B	42.8B	45.6B	247.4B	267.7B	274.9B	287.8B	303.9B	322.4B

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	31.9B	23.7B	19.4B	13.4B	4.1B	32.9B	24.6B	10.2B	3.2B	21B
Depreciation & amortization	3.7B	4.6B	4.8B	5.9B	5.9B	5.8B	5.7B	6.5B	1.3B	7.1B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	55.7B	25.6B	7.6B	381.2M	173.1B	-28B	94.9B	47.1B	25.3B	93.6B
Operating cash flow	126.8B	91.8B	65.6B	60.9B	216.9B	47.1B	166.8B	112.6B	38.1B	169.1B
Capital expenditure	-2.3B	-1.5B	-2B	-1.8B	-999.9M	-628.3M	-1.8B	-603M	-326.8M	—
Investing cash flow	-1.8B	-28.2B	-50.3B	-21.4B	1.1B	-34.6B	-62.2B	44.3B	-5.1B	18.5B
Dividends paid	0	0	0	0	0	0	0	0	0	0
Share repurchases	-9.5M	0	0	—	0	-666.7M	-224.4M	0	-109M	-222.6M
Financing cash flow	2.6B	-12.3B	17.9B	20.4B	-25B	17.4B	40.1B	14.1B	-137.6M	39.6B
Net change in cash	127.6B	51.3B	33.2B	59.9B	193.1B	29.9B	144.6B	171B	32.9B	227.2B
Free cash flow	48.8B	29.9B	-11.9B	-24.8B	138.2B	-106.4B	40.4B	-9.3B	8.1B	-74.2B

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	2.1B	-1.2B	4.3B	3.7B	1B	631.4M	6.1B	4.3B	4.9B	5.8B	7.8B	7.3B
Depreciation & amortization	1.7B	1.5B	1.7B	1.6B	316.6M	336.6M	1.7B	1.8B	1.8B	1.8B	1.8B	1.8B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	62.8B	-21B	28.3B	38.9B	2.7B	9.6B	-66.9B	59.1B	43.9B	57.6B	114.7B	-27.9B
Operating cash flow	79.8B	-6.4B	47.4B	59B	6.9B	10.6B	-47.8B	39.8B	815.9M	-19.9B	86.2B	-52.6B
Capital expenditure	-138.2M	-393.5M	-205.9M	-1.2B	-1.9M	-57.6M	-1.6B	—	—	—	—	—
Investing cash flow	1.6B	-1.7B	-4B	-12.4B	442.1M	-2.4B	42.1B	-2.7B	-4B	-18.6B	-7.6B	-16.5B
Dividends paid	0	0	0	0	0	0	0	0	0	0	0	0
Share repurchases	0	—	-293.4M	-149.3M	0	-24.1M	-222.6M	0	0	0	-120M	0
Financing cash flow	-955M	15.8B	4.2B	-4.6B	-44.5M	-14.6M	7.2B	14.5B	4.1B	13.9B	22.5B	5.3B
Net change in cash	80.5B	7.7B	47.6B	42B	7.3B	8.2B	1.5B	51.6B	935.4M	-24.6B	101.1B	-63.8B
Free cash flow	78B	-85.1B	15.9B	26.1B	-1.5B	1.6B	-85.7B	36.9B	-1.2B	-24.1B	83.3B	-54.6B

Date	Ratio
Apr 19, 2021	1:1
Apr 14, 2020	11:10
Apr 1, 2019	12:10
Apr 6, 2018	110:100
Apr 2, 2018	110:100
May 2, 2017	110:100
Apr 18, 2016	110:100
Mar 27, 2015	120:100
Mar 26, 2013	11:10

Banco Bradesco SA 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

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

Split history