EarningsQ2 2026 Earnings Report
MX:STNEN Q2 2026 EPS Results
Actual EPS$8.71
Consensus EPS$8.78
Beat/MissMissed by -$0.07
One Year Ago EPS$8.53
MX:STNEN Q2 2026 Revenue Results
Actual Revenue$2.43B
Expected Revenue$13.44B
Beat/MissMissed by -$11.02B
YoY Revenue Growth-14.13%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeAfter Close
Conference CallThursday, August 13, 2026
MX:STNEN Upcoming Earnings
Stoneco's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:STNEN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: solid progress on strategic initiatives (brand repositioning, Pagar.me integration), meaningful growth in deposits and credit portfolio scale, disciplined capital returns and cost control. However, notable near-term headwinds remain — elevated cost of risk (21.5%), rising NPLs and provisioning, concentrated large-ticket defaults in the dedicated desk, and an adverse interest-rate shock that materially pressures 2026 pretax results. Management expects improvements in the second half but the operating backdrop is more challenging than when guidance was set.Company Guidance
TPV Reacceleration
Total Payment Volume (TPV) growth accelerated to 4% year-over-year, the first tangible sign management's retention initiatives are gaining traction (improvement versus Q1).
Banking Franchise Momentum — Deposit Growth
Retail deposits reached BRL 10.8 billion, up more than 20% year-over-year (management highlighted continued engagement with account offerings).
Credit Portfolio Scale
Credit portfolio doubled year-over-year to BRL 3.8 billion, driven mainly by working capital solutions; credit cards represented ~BRL 400 million and government-backed loans accounted for roughly BRL 300–330 million of the portfolio.
Revenue and Adjusted Gross Profit (Quarter & H1)
Quarterly revenue was BRL 3.6 billion; adjusted gross profit for the quarter was ~BRL 1.6 billion and year-to-date adjusted gross profit was BRL 3.1 billion, with full-year guidance of BRL 6.6–7.0 billion still reiterated.
Credit Revenue Growth and Product Mix
Credit revenues grew 14% in the period with flattish yield overall (lower-yield government-backed lines diluted yield but improved risk profile); management now counts credit card interchange in credit product P&L.
Active Client Base and ARPAC
Active merchants reached 4.8 million and ARPAC increased, reflecting deeper penetration of credit and banking products within the client base.
Capital Returns and Capital Position
Returned BRL 4.3 billion to shareholders in H1 and normalized capital ratio at 26% after the extraordinary dividend from the Link sale proceeds.
Operational Discipline and Efficiency Actions
Expense growth kept well below revenue growth: admin expenses fell year-over-year (reduced personnel/third-party services), cost of services excluding provisions broadly flat, workforce reductions and broader AI adoption noted as drivers of operational leverage.
Strategic Progress — Brand & Product Integration
Launched new brand positioning 'Stone, the bank for entrepreneurs' and integrated Pagar.me into Stone to unify online and in-person operations (one account, one view) — intended to drive cross-sell and capture faster-growing digital transactions.
Adjusted EPS Improvement (Per-Share Benefit)
Adjusted EPS grew ~9% year-over-year, driven by sustained share buybacks that meaningfully reduced share count.
MX:STNEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed