PagSeguro Digital Ltd. Class A Common Shares (PAGS) 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	$2.07	$2.06	-0.5%	—	$5.1B	—
Q4 25	$2.23	$2.33	+4.5%	—	$5.4B	—
Q3 25	$1.91	$1.94	+1.6%	—	$5.1B	—
Q2 25	$1.83	$1.88	+2.7%	—	$5.1B	—
Q1 25	$1.77	$1.81	+2.3%	—	$4.9B	—
Q4 24	$1.83	$2.01	+9.8%	—	$5B	—
Q3 24	$1.7	$1.78	+4.7%	—	$887.9M	—
Q2 24	$1.61	$1.68	+4.3%	—	$4.4B	—
Q1 24	$1.48	$1.63	+10.1%	—	$4.2B	—
Q4 23	$1.47	$1.63	+10.9%	—	$4.3B	—
Q3 23	$1.32	$1.36	+3.0%	—	$4B	—
Q2 23	$1.28	$1.27	-0.8%	—	$3.8B	—
Q1 23	$1.09	$1.19	+9.2%	—	$3.7B	—
Q4 22	$1.27	$1.24	-2.4%	—	$3.9B	—
Q3 22	$1.26	$1.25	-0.8%	—	$4B	—
Q2 22	$1.14	$1.2	+5.3%	—	$3.9B	—

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	—	$7.18	—	—	$20.4B	—
FY24	—	$6.7	—	—	$18.3B	—
FY23	—	$5.14	—	—	$15.7B	—
FY22	—	$4.6	—	—	$15.2B

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	$1.1B	$2.5B	$4.1B	$5.6B	$6.7B	$10.3B	$15.2B	$15.7B	$18.3B	$20.4B
YoY change	+70.6%	+122%	+61.3%	+37.6%	+19.8%	+54%	+47.2%	+3.44%	+16.9%	+11.3%

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	1.1B	2.5B	4.1B	5.6B	6.7B	10.3B	15.2B	15.7B	18.3B	20.4B
Cost of revenue	623.7M	1.3B	2.1B	2.8B	3.8B	5.8B	7.5B	8.1B	9.5B	9.7B
Gross profit	509.4M	1.2B	1.9B	2.8B	2.9B	4.5B	7.7B	7.5B	8.8B	10.7B
Gross margin	45%	47.3%	47.1%	50.5%	43.6%	43.9%	50.7%	48.1%	47.9%	52.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	284.4M	398.9M	933.1M	992.5M	1.2B	2.4B	2.6B	2.2B	2.8B	2.4B
Operating expenses	284.4M	398.9M	933.1M	992.5M	1.2B	2.4B	2.6B	2.2B	2.8B	2.4B
Operating income	225M	791.5M	978.4M	1.8B	1.7B	2.1B	5.1B	5.4B	6B	8.1B
Operating margin	19.9%	31.5%	24.1%	32.7%	25.9%	20.6%	33.5%	34.3%	32.5%	39.6%
Non-operating income, net	-6.7M	-12M	-8.1M	-1.9M	22.9M	7.3M	-338.4M	-366.7M	-307.9M	-301.1M
Pretax income	155.4M	683.5M	1.2B	1.9B	1.8B	1.5B	1.8B	2B	2.4B	2.5B
Income tax	27.6M	204.7M	307.2M	545.5M	482.4M	321.7M	254.5M	363.4M	263.6M	431.1M
Net income	127.8M	478.8M	910.4M	1.4B	1.3B	1.2B	1.5B	1.7B	2.1B	2.1B
Net margin	11.3%	19%	22.4%	24.5%	19.3%	11.3%	9.93%	10.5%	11.5%	10.4%
EBITDA	254.9M	839.6M	1.3B	2.1B	2.3B	3B	6B	6.6B	7.7B	8.7B
EPS	0.48	1.83	2.86	4.16	3.92	3.53	4.6	5.14	6.7	7.18
Diluted EPS	0.48	1.83	2.86	4.15	3.92	3.51	4.57	5.1	6.62	7.11

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	4B	4.3B	4.2B	4.4B	887.9M	5B	4.9B	5.1B	5.1B	5.4B	5B	5.1B
Cost of revenue	2B	2.2B	2.2B	2.3B	463.4M	2.6B	2.4B	2.4B	2.4B	2.5B	2.3B	2.4B
Gross profit	1.9B	2B	2B	2.1B	424.5M	2.4B	2.5B	2.6B	2.7B	2.9B	2.7B	2.7B
Gross margin	48.7%	47.5%	48.3%	47.3%	47.8%	48.3%	51.3%	52.3%	53.1%	53.1%	53.7%	53.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	584.6M	563.8M	668M	683.6M	142.6M	724.8M	666.1M	679M	633.8M	466.7M	617.2M	678M
Operating expenses	584.6M	563.8M	668M	683.6M	142.6M	724.8M	666.1M	679M	633.8M	466.7M	617.2M	678M
Operating income	1.3B	1.5B	1.4B	1.4B	281.9M	1.7B	1.8B	2B	2.1B	2.2B	2B	2B
Operating margin	33.9%	34.3%	32.4%	31.8%	31.8%	33.8%	37.6%	38.9%	40.7%	41%	40.1%	38.7%
Non-operating income, net	-76.3M	-114.1M	-68.2M	-99.9M	-11.8M	-77.1M	-66.2M	-72.6M	-44.6M	-117.7M	-48.2M	-65M
Pretax income	512.1M	583.7M	572.4M	577.7M	112M	636.3M	579.9M	616.2M	636.4M	716.8M	620.8M	627M
Income tax	101.3M	95.7M	89.8M	74.1M	11.8M	37.3M	54.8M	79.5M	81.9M	214.8M	75.3M	78M
Net income	410.7M	488M	482.5M	503.6M	100.2M	599M	525.1M	536.8M	554.5M	502M	545.5M	549M
Net margin	10.4%	11.4%	11.5%	11.4%	11.3%	12%	10.8%	10.6%	10.9%	9.3%	10.9%	10.8%
EBITDA	1.7B	1.8B	1.8B	1.8B	372M	2.2B	2.2B	2.1B	2.5B	1.7B	2.4B	2.4B
EPS	1.28	—	1.52	1.58	1.67	1.93	1.73	1.8	1.9	1.75	1.95	1.98
Diluted EPS	1.27	—	1.5	1.56	1.66	1.91	1.72	1.79	1.88	1.73	1.93	1.96

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	—	—	—	65.5B	109.5B	50.6B	16.7B	22.7B	—	2.8B	2.5B
Enterprise value	—	—	—	62.8B	107.6B	52.2B	25.8B	32.9B	—	41.5B	556.1M
Shares outstanding	1.5B	1.5B	1.9B	1.9B	1.9B	1.9B	1.9B	1.8B	316.1M	295.2M	295.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	47.9	84.7	43.4	11.1	13.7	—	1.34	6.22
P/S	—	—	—	11.7	16.4	4.91	1.1	1.45	—	0.14	0.12
P/B	—	—	—	8.17	11.7	4.82	1.41	1.71	—	0.19	0.85
EV/EBITDA	—	—	—	30.2	47.6	17.1	4.27	4.95	—	4.74	0.31
EV/Sales	—	—	—	11.2	16.1	5.07	1.7	2.1	—	2.03	0.15
Earnings yield	—	—	—	2.09%	1.18%	2.3%	9.01%	7.29%	—	74.4%	16.1%
FCF yield	—	—	—	-0.33%	0.1%	-1.69%	8.45%	8.87%	—	185.7%	-14.6%
PEG	—	—	—	—	—	—	—	—	—	—	0.63

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	45%	47.3%	47.1%	50.5%	43.6%	43.9%	50.7%	48.1%	47.9%	52.5%	53.4%
Operating margin	19.9%	31.5%	24.1%	32.7%	25.9%	20.6%	33.5%	34.3%	32.5%	39.6%	36.2%
Net margin	11.3%	19%	22.4%	24.5%	19.3%	11.3%	9.93%	10.5%	11.5%	10.4%	10.9%
ROE	20.4%	55%	13.8%	17.1%	13.9%	11.1%	12.7%	12.5%	14.4%	14.5%	14.5%
ROA	5.39%	11.3%	7.97%	9.37%	5.79%	3.75%	3.32%	3%	2.9%	2.85%	6.36%
ROIC	29.8%	93.4%	19.2%	24.8%	16.9%	13.8%	20.8%	18.9%	9.83%	12.6%	12.3%
Return on tangible assets	5.81%	12.2%	8.42%	10.2%	6.44%	4.2%	3.67%	3.31%	3.16%	3.11%	2.97%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.32	1.21	2.34	2.3	1.66	1.41	1.34	1.42	1.51	1.36	1.55
Quick ratio	1.31	1.2	2.33	2.29	1.66	1.4	1.34	1.41	1.51	1.36	1.55
Debt / equity	0.33	0	—	—	0.08	0.39	1.01	1.24	2.77	2.94	0.12
Debt / assets	0.09	0	—	—	0.03	0.13	0.26	0.3	0.56	0.58	0.59
Net debt / EBITDA	-0.02	-0.33	—	—	-0.82	0.51	1.5	1.53	5.08	4.42	4.51
Interest coverage	3.27	7.54	40	51.1	17.2	2.88	1.56	1.62	1.64	1.58	1.57
Effective tax rate	17.8%	30%	25.2%	28.5%	27.2%	21.6%	14.5%	18%	11.1%	16.9%	17.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	0.74	1.64	2.18	2.91	3.47	5.34	7.93	8.62	58	69.1	69.8
EPS (basic)	0.48	1.83	2.86	4.16	3.92	3.53	4.6	5.14	6.7	7.18	7.18
EPS (diluted)	0.48	1.83	2.86	4.15	3.92	3.51	4.57	5.1	6.62	7.11	1.44
Book value per share	0.41	0.57	3.54	4.18	4.85	5.44	6.19	7.28	46.4	49.6	10.5
FCF per share	0	0.23	-1.09	-0.11	0.06	-0.44	0.74	1.11	-18.1	17.9	13.8
Cash per share	0.14	0.18	1.49	1.44	1.36	1.33	1.53	3.41	4.48	15.2	5.03
Capex per share	0	0.01	0.03	0.17	0.79	0.5	0.57	0.52	3.58	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.18%	0.31%	1.52%	5.97%	22.8%	9.44%	7.23%	6.07%	6.17%	—	—
Capex / operating cash flow	-0.29%	-0.58%	-1.9%	-33.4%	-50.2%	-18.1%	-8.25%	-13.1%	-6.95%	—	—
Payout ratio	0%	11.3%	0%	0%	0%	0%	0%	0%	0%	29.1%	17.4%
Dividend yield	—	—	—	0%	0%	0%	0%	0%	—	21.7%	6.29%

Yield

6.29%

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.28

ex-dividend Sep 16, 2026

Payout ratio

17%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Sep 16, 2026	$0.28
Apr 22, 2026	$0.26
Jul 16, 2025	$0.12
May 23, 2025	$0.14

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	$4B	$4.3B	$4.2B	$4.4B	$887.9M	$5B	$4.9B	$5.1B	$5.1B	$5.4B	$5B	$5.1B
YoY change	-0.72%	+9.06%	+14%	+17.7%	-77.6%	+17.1%	+15.4%	+14.3%	+475%	+7.88%	+3.21%	+0.43%

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	211.2M	276.9M	2.8B	2.8B	2.6B	2.6B	2.9B	6.2B	1.4B	4.5B
Receivables	4.5M	28M	8.1B	10.5B	16B	23.4B	36.2B	41.8B	57.6B	55.6B
Inventory	21M	61.6M	88.6M	61.9M	30.4M	49.5M	13.3M	33.5M	1.6M	0
Total current assets	2.3B	4B	11B	13.5B	19.2B	26.7B	39.8B	48.7B	64.6B	64.9B
Property, plant & equipment	4.6M	10.9M	67.1M	408.5M	1.7B	2.2B	2.4B	2.3B	2.4B	2.4B
Goodwill & intangibles	172.2M	317.7M	611.2M	1.2B	2.2B	3.3B	4.3B	5.1B	5.9B	6.3B
Total assets	2.4B	4.2B	11.4B	14.6B	22.3B	31.1B	45.3B	55.1B	72.9B	74.4B
Accounts payable	61.7M	92.4M	165.2M	256.3M	335.5M	578M	449.1M	513.9M	663.2M	606.7M
Short-term debt	205.2M	0	—	—	572M	4.1B	10.1B	11.6B	29.2B	33.6B
Total current liabilities	1.7B	3.3B	4.7B	5.9B	11.6B	19B	29.7B	34.4B	42.7B	47.8B
Long-term debt	—	—	—	—	194.1M	77.6M	1.9B	4.8B	11.4B	9.5B
Total liabilities	1.7B	3.4B	4.8B	6.6B	13B	20.6B	33.5B	41.9B	58.2B	59.8B
Shareholders' equity	626.9M	870.4M	6.6B	8B	9.3B	10.5B	11.8B	13.2B	14.7B	14.6B
Total debt	205.2M	0	—	—	766.1M	4.1B	12B	16.4B	40.6B	43.1B
Net debt	125.2M	-66.8M	—	—	-874M	2.3B	10.2B	13.5B	39.7B	41.3B

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	3.1B	6.2B	8.8B	6.2B	1B	1.4B	1.6B	1.6B	1.9B	4.5B	4.4B	3.7B
Receivables	37.5B	41.8B	42.9B	52.1B	10B	57.6B	54B	55.6B	56.6B	55.6B	55.5B	56.6B
Inventory	26.2M	33.5M	29.7M	30.2M	5.6M	1.6M	869K	957K	1M	0	—	0
Total current assets	41.1B	48.7B	52.4B	59B	11.2B	64.6B	60.4B	62.2B	63.2B	64.9B	65.5B	65.9B
Property, plant & equipment	2.3B	2.3B	2.3B	2.4B	463.8M	2.4B	2.5B	2.4B	2.4B	2.4B	2.4B	—
Goodwill & intangibles	5B	5.1B	5.3B	5.5B	1.1B	5.9B	6B	6.1B	6.1B	6.3B	6.5B	3.2B
Total assets	47.3B	55.1B	59.2B	66.5B	12.7B	72.9B	69.1B	71.2B	72.3B	74.4B	75.2B	75.7B
Accounts payable	439.4M	513.9M	526.3M	638.9M	114.4M	663.2M	559.7M	536.2M	549.3M	606.7M	530.3M	490M
Short-term debt	8.8B	11.6B	25.2B	27.3B	5.1B	29.2B	27.6B	31.7B	32.6B	33.6B	32.7B	29.6B
Total current liabilities	28.7B	34.4B	36.5B	39.9B	7.4B	42.7B	39.6B	43.7B	44.5B	47.8B	45.9B	42.5B
Long-term debt	3.3B	4.8B	6.2B	9.4B	2B	11.4B	10.6B	9B	9.2B	9.5B	11.2B	14.7B
Total liabilities	34.5B	41.9B	45.4B	52.2B	10B	58.2B	54.2B	56.6B	57.4B	59.8B	60.7B	60.7B
Shareholders' equity	12.9B	13.2B	13.8B	14.3B	2.7B	14.7B	14.9B	14.6B	14.9B	14.6B	14.5B	15B
Total debt	12.1B	16.4B	31.5B	36.7B	7B	40.6B	38.3B	40.6B	41.8B	43.1B	44B	44.3B
Net debt	10.1B	13.5B	27.1B	35.3B	6.9B	39.7B	37.3B	39.5B	40.4B	41.3B	42.4B	43.7B

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	155.4M	683.5M	1.2B	1.9B	1.8B	1.5B	1.8B	2B	2.4B	2.5B
Depreciation & amortization	31.2M	51.6M	95.4M	128.3M	376.3M	768.6M	1.1B	1.4B	1.6B	1.8B
Stock-based compensation	0	0	264.2M	93.4M	122.9M	370.6M	127.4M	144.6M	178.7M	112.1M
Change in working capital	-916.7M	-2.1B	-4.9B	-3.2B	-5.5B	-9B	-17.9B	-11.9B	-22B	-6.1B
Operating cash flow	-692.9M	-1.4B	-3.2B	-998.2M	-3B	-5.4B	-13.3B	-7.3B	-16.3B	7.6B
Capital expenditure	-2M	-7.9M	-61.6M	-333.4M	-1.5B	-972.3M	-1.1B	-951.6M	-1.1B	—
Investing cash flow	-132.9M	-107.6M	147.7M	-1.5B	-1.3B	-1B	-1.1B	-982.9M	-1.1B	0
Dividends paid	0	-54.3M	0	0	0	0	0	0	0	-617.1M
Share repurchases	0	0	-39.5M	-1.7M	-44.8M	-258M	-291.4M	-399.4M	-784.5M	-1.3B
Financing cash flow	199.4M	-459.1M	4.5B	-17.9M	-55.1M	727.2M	-2.5B	-316.4M	-1.4B	-4.3B
Net change in cash	-626.5M	-1.9B	1.4B	-2.5B	-4.4B	-5.7B	-16.9B	-8.6B	-18.8B	3.2B
Free cash flow	4.6M	346.1M	-2B	-214M	106.1M	-853.8M	1.4B	2B	-5.7B	5.3B

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	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	—	—	—	—	—	—	—	—	636.6M	716.8M	620.8M	627M
Depreciation & amortization	—	—	—	—	—	—	—	—	457.8M	458.8M	461.9M	478M
Stock-based compensation	—	—	—	—	—	—	—	—	4.8M	49.3M	35.9M	36M
Change in working capital	—	—	—	—	—	—	—	—	-2.5B	-2.8B	-1.3B	-2.6B
Operating cash flow	—	—	—	—	—	—	—	—	2.2B	1.9B	930M	1B
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	—	—	—	1M
Dividends paid	—	—	—	—	—	—	—	—	-195.2M	-185.8M	-172M	-363M
Share repurchases	—	—	—	—	—	—	—	—	-48.1M	-586.1M	-282.8M	-94M
Financing cash flow	-103.7M	-4.4M	-200M	-1.1M	-2.6B	-2B	-3.9B	-2.1B	-2.5B	6.3B	-1.6B	-2.2B
Net change in cash	-103.7M	-4.4M	-200M	-1.1M	-2.6B	-2B	-3.9B	-2.1B	-286.3M	8.2B	-692.8M	-1.1B
Free cash flow	—	—	—	—	—	—	—	—	1.7B	1.3B	364.1M	491M

PagSeguro Digital Ltd. Class A Common Shares 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