StoneCo reports Q2 EPS R$ 1.58 vs. R$0.93 last year

Reports Q2 revenue R$3.2B vs. R$2.95B last year. “In 2Q24, we continued to advance our strategic priorities, building an increasingly comprehensive ecosystem of solutions for Brazilian small and medium-sized entrepreneurs. In light of our consistent results trajectory and long-term commitment, coupled with the more volatile dynamics of the capital markets, we allocated resources to execute nearly the entirety of the company’s buyback program approved in 2023, totaling R$ 1 billion,” said Pedro Zinner, CEO of Stone.