StoneCo reported total revenue and income of R$3.59 billion for the second quarter of 2026, falling short of analyst expectations despite a 2.5% year-over-year increase. The company's credit portfolio expanded significantly to R$3.75 billion, yet this growth was accompanied by deteriorating asset quality, with NPLs over 90 days rising to 8.60%. Results were also impacted by a R$200.3 million non-recurring loss related to distressed card issuers.
Key Highlights
- Total revenue reached R$3,587.4 million, missing the R$3.78 billion estimate as pricing optimizations offset volume growth.
- Adjusted Basic EPS was R$2.40, benefiting from R$3.0 billion in share buybacks over the last twelve months despite a 2.6% drop in adjusted net income.
- The credit portfolio grew 107.5% year-over-year to R$3.75 billion, though NPLs (15-90 days) jumped to 6.00% and NPLs over 90 days reached 8.60%.
- Management distributed R$3.08 billion in extraordinary dividends following the conclusion of the Linx sale.
- Total TPV reached R$142.2 billion, up 4.3% year-over-year, driven by the Ton brand and Pix QR code adoption.