Total Finance Volume (TFV) | Total Payment Volume (TPV) | Total Banking Volume (TBV) | ||||||||||||||||||||||||||||||
R$ 281 Billion | R$ 114 Billion | R$ 167 Billion | ||||||||||||||||||||||||||||||
Gross Profit | Payments | Gross Profit | Financial Services | Gross Profit | ||||||||||||||||||||||||||||||
R$ 1.7 Billion | R$ 1.6 Billion | R$ 125 Million | ||||||||||||||||||||||||||||||
Net Income | Non-GAAP | Payments | Adj. EBITDA | Financial Services | Adj. EBITDA | ||||||||||||||||||||||||||||||
R$ 520 Million | R$ 922 Million | R$ 53 Million | ||||||||||||||||||||||||||||||
R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Total Revenues and Income | 4,347 | 3,962 | 9.7% | 4,026 | 8.0% | 15,948 | 15,335 | 4.0% | ||||||||||||||||||
(-) Other Financial Income | (73) | (43) | 68.8% | (66) | 11.4% | (268) | (176) | 52.5% | ||||||||||||||||||
(-) Transactions Costs | (1,645) | (1,478) | 11.3% | (1,508) | 9.0% | (5,956) | (5,620) | 6.0% | ||||||||||||||||||
Net Take Rate | 2,629 | 2,440 | 7.7% | 2,452 | 7.2% | 9,724 | 9,540 | 1.9% | ||||||||||||||||||
(-) Financial Expenses | (841) | (855) | -1.6% | (820) | 2.6% | (3,270) | (3,152) | 3.7% | ||||||||||||||||||
(-) Total Losses² | (123) | (192) | -36.0% | (165) | -25.8% | (536) | (984) | -45.6% | ||||||||||||||||||
(+) FX Expenses | 9 | 15 | -36.4% | 10 | -5.1% | 45 | 49 | -8.2% | ||||||||||||||||||
Gross Profit | 1,675 | 1,409 | 18.9% | 1,477 | 13.4% | 5,964 | 5,453 | 9.4% | ||||||||||||||||||
Payments | 1,550 | 1,245 | 24.5% | 1,376 | 12.6% | 5,449 | 5,058 | 7.7% | ||||||||||||||||||
Financial Services | 125 | 164 | -23.9% | 101 | 23.7% | 515 | 395 | 30.4% | ||||||||||||||||||
(-) Operating Expenses | (700) | (621) | 12.7% | (583) | 20.0% | (2,459) | (2,400) | 2.5% | ||||||||||||||||||
Adj. EBITDA³ | 975 | 788 | 23.7% | 894 | 9.1% | 3,505 | 3,053 | 14.8% | ||||||||||||||||||
Payments | 922 | 776 | 18.8% | 892 | 3.4% | 3,382 | 3,247 | 4.2% | ||||||||||||||||||
Financial Services | 53 | 12 | 357.0% | 2 | 2333.8% | 123 | (194) | n.a. | ||||||||||||||||||
(-) POS Write-off | (57) | (66) | -13.4% | (64) | -10.9% | (248) | (200) | 23.8% | ||||||||||||||||||
(-) D&A | (349) | (270) | 29.0% | (329) | 6.0% | (1,290) | (1,080) | 19.4% | ||||||||||||||||||
(+/-) Other Income (Expense), Net | 64 | 29 | 123.2% | 56 | 14.4% | 223 | 127 | 76.2% | ||||||||||||||||||
EBT | 633 | 480 | 31.8% | 557 | 13.7% | 2,190 | 1,899 | 15.3% | ||||||||||||||||||
(-) Income Tax and Social Contribution | (112) | (69) | 62.8% | (117) | -3.5% | (422) | (302) | 39.8% | ||||||||||||||||||
Net Income | Non-GAAP | 520 | 411 | 26.6% | 440 | 18.2% | 1,768 | 1,597 | 10.7% | ||||||||||||||||||
EPS | Non-GAAP4 | R$ 1.63 | R$ 1.25 | 30.6% | 1.36 | 20.0% | R$ 5.46 | R$ 4.85 | 12.5% | ||||||||||||||||||
(-) Non-GAAP Effects | (32) | (4) | 787.1% | (29) | 10.3% | (114) | (92) | 23.6% | ||||||||||||||||||
Net Income | GAAP | 488 | 408 | 19.7% | 411 | 18.8% | 1,654 | 1,505 | 9.9% | ||||||||||||||||||
EPS | GAAP4 | R$ 1.53 | R$ 1.24 | 23.5% | R$ 1.27 | 20.6% | R$ 5.10 | R$ 4.57 | 11.7% | ||||||||||||||||||
Cash Earnings | Adj. EBITDA (-) CapEx | 454 | 410 | 10.7% | 365 | 24.7% | 1,516 | 917 | 65.4% | ||||||||||||||||||
Capital Expenditures (CapEx) | 521 | 378 | 37.8% | 529 | -1.7% | 1,988 | 2,136 | -6.9% |
KPIs | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
ARPAC¹ | ||||||||||||||||||||||||||
Payments | R$ 2,191 | R$ 1,893 | 15.7% | R$ 2,080 | 5.3% | R$ 2,275 | R$ 1,991 | 14.3% | ||||||||||||||||||
Financial Services | R$ 66 | R$ 95 | -30.5% | R$ 73 | -10.2% | R$ 66 | R$ 95 | -30.5% | ||||||||||||||||||
Efficiency Ratio² | 15.6% | 16.7% | (0.1) p.p. | 16.4% | (0.0) p.p. | 15.9% | 19.3% | (0.2) p.p. | ||||||||||||||||||
Credit Portfolio | R$ Billion | 2.5 | 2.7 | -7% | 2.5 | -3% | 2.5 | 2.7 | -7% | ||||||||||||||||||
Total Deposits | R$ Billion | 27.6 | 20.7 | 33% | 21.6 | 28% | 27.6 | 20.7 | 33% |
Balance Sheet | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | |||||||||||||||||||||
Total Assets | 55,108 | 45,329 | 21.6% | 47,327 | 16.4% | |||||||||||||||||||||
Current Assets | 48,729 | 39,767 | 22.5% | 41,165 | 18.4% | |||||||||||||||||||||
Cash and Financial Investments2 | 6,208 | 2,932 | 111.7% | 3,053 | 103.3% | |||||||||||||||||||||
Accounts Receivable | 41,757 | 36,249 | 15.2% | 37,521 | 11.3% | |||||||||||||||||||||
Others3 | 764 | 586 | 30.4% | 591 | 29.4% | |||||||||||||||||||||
Non-current Assets | 6,379 | 5,562 | 14.7% | 6,162 | 3.5% | |||||||||||||||||||||
Accounts Receivable | 1,144 | 746 | 53.4% | 1,000 | 14.4% | |||||||||||||||||||||
PP&E and Intangible Assets4 | 5,022 | 4,652 | 7.9% | 4,962 | 1.2% | |||||||||||||||||||||
Others5 | 213 | 164 | 29.8% | 200 | 6.7% | |||||||||||||||||||||
Total Liabilities and Equity | 55,108 | 45,329 | 21.6% | 47,327 | 16.4% | |||||||||||||||||||||
Current Liabilities | 34,432 | 29,740 | 15.8% | 28,665 | 20.1% | |||||||||||||||||||||
Accounts Payable6 | 9,966 | 9,321 | 6.9% | 9,052 | 10.1% | |||||||||||||||||||||
PagBank | Checking Accounts | 11,383 | 8,667 | 31.3% | 9,655 | 17.9% | |||||||||||||||||||||
PagBank | Savings Accounts and CDs | 11,365 | 10,101 | 12.5% | 8,577 | 32.5% | |||||||||||||||||||||
Borrowings | 189 | 0 | n.a. | 193 | -1.7% | |||||||||||||||||||||
Others7 | 1,529 | 1,652 | -7.4% | 1,189 | 28.6% | |||||||||||||||||||||
Non-current Liabilities | 7,435 | 3,747 | 98.4% | 5,793 | 28.3% | |||||||||||||||||||||
Accounts Payable6 | 186 | 85 | 119.3% | 159 | 16.6% | |||||||||||||||||||||
PagBank | Savings Accounts and CDs | 4,823 | 1,895 | 154.6% | 3,337 | 44.5% | |||||||||||||||||||||
Others8 | 2,427 | 1,767 | 37.3% | 2,297 | 5.6% | |||||||||||||||||||||
Equity | 13,241 | 11,842 | 11.8% | 12,868 | 2.9% | |||||||||||||||||||||
Retained Net Income | 7,891 | 6,237 | 26.5% | 7,403 | 6.6% | |||||||||||||||||||||
Capital | 5,350 | 5,605 | -4.6% | 5,465 | -2.1% | |||||||||||||||||||||
Net Cash Balance9 | 11,155 | 9,836 | 13.4% | 10,573 | 5.5% |
Capital Markets | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | |||||||||||||||||||||
Market Cap | ||||||||||||||||||||||||||
In BRL billion | R$ | 19.40 | R$ | 14.30 | 35.1 | % | R$ | 13.80 | 40.5 | % | ||||||||||||||||
In USD billion | $ | 4.00 | $ | 2.70 | 45.6 | % | $ | 2.80 | 45.3 | % | ||||||||||||||||
Stock Price | ||||||||||||||||||||||||||
In BRL | R$ | 60.37 | R$ | 44.19 | 36.6 | % | R$ | 43.12 | 40.0 | % | ||||||||||||||||
In USD | $ | 12.47 | $ | 8.47 | 47.2 | % | $ | 8.61 | 44.8 | % | ||||||||||||||||
Book Value per Share | ||||||||||||||||||||||||||
In BRL | R$ | 41.28 | R$ | 40.83 | 1.1 | % | R$ | 40.25 | 2.6 | % | ||||||||||||||||
In USD | $ | 8.53 | $ | 7.83 | 9.0 | % | $ | 8.04 | 6.1 | % |
R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Total Finance Volume | 280,626 | 209,032 | 34.3% | 243,684 | 15.2% | 950,078 | 731,447 | 29.9% | ||||||||||||||||||
Total Payment Volume1 | 113,711 | 94,273 | 20.6% | 99,836 | 13.9% | 394,320 | 353,849 | 11.4% | ||||||||||||||||||
Total Banking Volume2 | 166,915 | 114,759 | 45.4% | 143,848 | 16.0% | 555,758 | 377,598 | 47.2% |
# Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | |||||||||||||||||||||
Total Clients1 | 31.1 | 27.7 | 12.2% | 30.2 | 3.0% | |||||||||||||||||||||
Active Clients2 | 16.7 | 16.2 | 3.4% | 16.7 | 0.1% | |||||||||||||||||||||
Consumers | 10.7 | 9.7 | 9.6% | 10.6 | 0.7% | |||||||||||||||||||||
Merchants | 6.1 | 6.5 | -5.9% | 6.1 | -1.0% |
# Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Active Merchants1 | 6.5 | 7.1 | -7.6% | 6.7 | -1.7% | 6.5 | 7.1 | -7.6% | ||||||||||||||||||
Net Additions | (0.1) | (0.2) | -51.7% | (0.1) | -2.0% | (0.5) | (0.6) | -11.6% | ||||||||||||||||||
TPV per Merchant2 | R$ thousand | 17.2 | 13.1 | 31.6% | 14.9 | 23.7% | 57.9 | 50.0 | 15.9% |
R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | |||||||||||||||||||||
Credit Portfolio | 2,529 | 2,721 | -7.1% | 2,462 | 2.7% | |||||||||||||||||||||
Working Capital | 410 | 743 | -44.9% | 471 | -13.1% | |||||||||||||||||||||
Credit Card | 763 | 1,113 | -31.4% | 816 | -6.4% | |||||||||||||||||||||
Payroll Loan + Others1 | 1,356 | 865 | 56.7% | 1,175 | 15.3% | |||||||||||||||||||||
Provision for Losses | (585) | (986) | -40.6% | (651) | -10.0% | |||||||||||||||||||||
Working Capital | (362) | (522) | -30.7% | (387) | -6.5% | |||||||||||||||||||||
Credit Card | (185) | (451) | -58.9% | (236) | -21.5% | |||||||||||||||||||||
Payroll Loan + Others1 | (38) | (12) | 208.5% | (28) | 38.4% | |||||||||||||||||||||
Credit Portfolio, net | 1,943 | 1,735 | 12.0% | 1,811 | 7.3% |
R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | |||||||||||||||||||||
Credit Portfolio | 2,529 | 2,721 | -7.1% | 2,462 | 2.7% | |||||||||||||||||||||
Secured Products | 1,662 | 1,084 | 53.4% | 1,469 | 13.1% | |||||||||||||||||||||
% Credit Portfolio | 66% | 40% | 25.9 p.p. | 60% | 6.0 p.p. | |||||||||||||||||||||
Unsecured Products | 867 | 1,637 | -47.0% | 993 | -12.7% | |||||||||||||||||||||
% Credit Portfolio | 34% | 60% | (25.9) p.p. | 40% | (6.0) p.p. |
R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | |||||||||||||||||||||
Total Deposits | 27,571 | 20,663 | 33.4% | 21,569 | 27.8% | |||||||||||||||||||||
Average Percentage Yield (APY)1 | 94.4% | 96.4% | (1.9) p.p. | 93.4% | 1.0 p.p. | |||||||||||||||||||||
Checking Accounts | 11,383 | 8,667 | 31.3% | 9,655 | 17.9% | |||||||||||||||||||||
Average Percentage Yield (APY)1 | 72.0% | 69.0% | 3.0 p.p. | 72.0% | 0.0 p.p. | |||||||||||||||||||||
Merchant's Payment Accounts | 2,066 | 1,196 | 72.7% | 1,736 | 19.0% | |||||||||||||||||||||
High Yield Savings Accounts | 9,317 | 7,471 | 24.7% | 7,919 | 17.7% | |||||||||||||||||||||
Banking Issuances | 16,188 | 11,995 | 35.0% | 11,914 | 35.9% | |||||||||||||||||||||
Average Percentage Yield (APY)1 | 110.2% | 116.1% | (5.9) p.p. | 110.8% | (0.6) p.p. | |||||||||||||||||||||
Certificate of Deposits | 13,062 | 9,806 | 33.2% | 9,583 | 36.3% | |||||||||||||||||||||
Interbank Deposits | 3,126 | 2,101 | 48.8% | 2,331 | 34.1% | |||||||||||||||||||||
Corporate Securities | 0 | 88 | n.a. | 0 | n.a. |
Brazilian Interest Rates | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
SELIC | 11.75% | 13.75% | (2.0) p.p. | 12.75% | (1.0) p.p. | 11.75% | 13.75% | (2.0) p.p. | ||||||||||||||||||
SELIC | Average | 12.33% | 13.75% | (1.4) p.p. | 13.38% | (1.0) p.p. | 13.31% | 12.55% | (0.2) p.p. | ||||||||||||||||||
CDI | 11.65% | 13.65% | (2.0) p.p. | 12.65% | (1.0) p.p. | 11.65% | 13.65% | (2.0) p.p. | ||||||||||||||||||
CDI | Average | 12.23% | 13.65% | (1.4) p.p. | 13.28% | (1.0) p.p. | 13.21% | 12.45% | (0.2) p.p. |
Non-GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Total Revenue and Income1 | 4,347 | 3,962 | 9.7% | 4,026 | 8.0% | 15,948 | 15,335 | 4.0% | ||||||||||||||||||
Payments | 4,084 | 3,654 | 11.8% | 3,771 | 8.3% | 14,879 | 14,097 | 5.5% | ||||||||||||||||||
Financial Services2 | 253 | 362 | -30.1% | 260 | -2.8% | 1,087 | 1,414 | -23.1% | ||||||||||||||||||
Other Financial Income | 73 | 43 | 68.8% | 66 | 11.4% | 268 | 176 | 52.5% |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Total Revenue and Income | 4,347 | 3,962 | 9.7% | 4,026 | 8.0% | 15,948 | 15,335 | 4.0% | ||||||||||||||||||
Transaction Activities and Other Services | 2,441 | 2,304 | 5.9% | 2,269 | 7.6% | 9,027 | 8,906 | 1.4% | ||||||||||||||||||
Financial Income | 1,833 | 1,615 | 13.5% | 1,691 | 8.4% | 6,653 | 6,253 | 6.4% | ||||||||||||||||||
Other Financial Income | 73 | 43 | 68.8% | 66 | 11.4% | 268 | 176 | 52.5% |
Non-GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Total Costs and Expenses | (3,714) | (3,482) | 6.7% | (3,469) | 7.0% | (13,758) | (13,435) | 2.4% | ||||||||||||||||||
Cost of Sales and Services | (2,240) | (1,974) | 13.5% | (2,028) | 10.5% | (8,115) | (7,518) | 7.9% | ||||||||||||||||||
Selling Expenses | (411) | (435) | -5.7% | (377) | 9.0% | (1,423) | (1,946) | -26.8% | ||||||||||||||||||
Administrative Expenses | (107) | (115) | -6.5% | (166) | -35.1% | (580) | (544) | 6.6% | ||||||||||||||||||
Financial Expenses | (841) | (855) | -1.6% | (820) | 2.6% | (3,270) | (3,152) | 3.7% | ||||||||||||||||||
Other Expenses, Net | (114) | (103) | 10.9% | (79) | 44.5% | (369) | (276) | 34.0% |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Total Costs and Expenses | (3,763) | (3,487) | 7.9% | (3,514) | 7.1% | (13,931) | (13,576) | 2.6% | ||||||||||||||||||
Cost of Sales and Services | (2,244) | (1,969) | 14.0% | (2,033) | 10.4% | (8,133) | (7,471) | 8.9% | ||||||||||||||||||
Selling Expenses | (412) | (435) | -5.3% | (378) | 9.0% | (1,430) | (1,946) | -26.5% | ||||||||||||||||||
Administrative Expenses | (152) | (114) | 32.9% | (206) | -26.5% | (733) | (669) | 9.6% | ||||||||||||||||||
Financial Expenses | (841) | (855) | -1.6% | (820) | 2.6% | (3,270) | (3,152) | 3.7% | ||||||||||||||||||
Other Expenses, Net | (114) | (114) | 0.2% | (76) | 49.6% | (367) | (338) | 8.4% |
Non-GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Transactions Costs | (1,645) | (1,478) | 11.3% | (1,508) | 9.0% | (5,956) | (5,620) | 6.0% | ||||||||||||||||||
% Total Revenue and Income | 37.8% | 37.3% | 0.5 p.p. | 37.5% | 0.4 p.p. | 37.3% | 36.6% | 1.2 p.p. | ||||||||||||||||||
Interchange and Card Scheme Fee | (1,629) | (1,413) | 15.4% | (1,450) | 12.4% | (5,775) | (5,388) | 7.2% | ||||||||||||||||||
Others | (15) | (66) | -76.9% | (58) | -74.0% | (181) | (232) | -21.8% |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Transactions Costs | (1,645) | (1,478) | 11.3% | (1,508) | 9.0% | (5,956) | (5,567) | 7.0% | ||||||||||||||||||
% Total Revenue and Income | 37.8% | 37.3% | 0.5 p.p. | 37.5% | 0.4 p.p. | 37.3% | 36.3% | 1.5 p.p. | ||||||||||||||||||
Interchange and Card Scheme Fee | (1,629) | (1,413) | 15.4% | (1,450) | 12.4% | (5,775) | (5,388) | 7.2% | ||||||||||||||||||
Others | (15) | (66) | -76.9% | (58) | -74.0% | (181) | (180) | 1.1% |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Total Payment Volume | 113,711 | 94,273 | 20.6% | 99,836 | 13.9% | 394,320 | 353,849 | 11.4% | ||||||||||||||||||
Gross Take Rate | 4,274 | 3,919 | 9.1% | 3,961 | 7.9% | 15,680 | 15,159 | 3.4% | ||||||||||||||||||
% Total Payment Volume | 3.76% | 4.16% | (0.40) p.p. | 3.97% | (0.21) p.p. | 3.98% | 4.28% | (0.53) p.p. | ||||||||||||||||||
Transaction Activities and Other Services | 2,441 | 2,304 | 5.9% | 2,269 | 7.6% | 9,027 | 8,906 | 1.4% | ||||||||||||||||||
Financial Income | 1,833 | 1,615 | 13.5% | 1,691 | 8.4% | 6,653 | 6,253 | 6.4% | ||||||||||||||||||
Net Take Rate | 2,629 | 2,440 | 7.7% | 2,452 | 7.2% | 9,724 | 9,592 | 1.4% | ||||||||||||||||||
% Total Payment Volume | 2.31% | 2.59% | (0.28) p.p. | 2.46% | (0.14) p.p. | 2.47% | 2.71% | (0.40) p.p. | ||||||||||||||||||
Transactions Costs | (1,645) | (1,478) | 11.3% | (1,508) | 9.0% | (5,956) | (5,567) | 7.0% |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Financial Expenses | (841) | (855) | -1.6% | (820) | 2.6% | (3,269) | (3,152) | 3.7% | ||||||||||||||||||
% Total Revenue and Income | 19.3% | 21.6% | (2.2) p.p. | 20.4% | (1.0) p.p. | 20.5% | 20.6% | (0.1) p.p. | ||||||||||||||||||
Securitization of Receivables | (246) | (216) | 13.9% | (249) | -1.1% | (954) | (1,233) | -22.7% | ||||||||||||||||||
Accrued Interest on Deposits and Others | (595) | (639) | -6.8% | (571) | 4.2% | (2,316) | (1,919) | 20.7% |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Total Losses¹ | (123) | (192) | -36.0% | (165) | -25.8% | (536) | (984) | -45.6% | ||||||||||||||||||
% Total Revenue and Income | 2.8% | 4.8% | (2.0) p.p. | 4.1% | (1.3) p.p. | 3.4% | 6.4% | (3.1) p.p. | ||||||||||||||||||
Chargebacks | (94) | (107) | -12.7% | (131) | -28.6% | (427) | (431) | -1.0% | ||||||||||||||||||
Expected Credit Losses (ECL) | (29) | (84) | -65.8% | (34) | -15.3% | (109) | (554) | -80.3% |
Non-GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Gross Profit | 1,675 | 1,409 | 18.9% | 1,477 | 13.4% | 5,964 | 5,453 | 9.4% | ||||||||||||||||||
% Total Revenue and Income | 38.5% | 35.6% | 3.0 p.p. | 36.7% | 1.8 p.p. | 37.4% | 35.6% | 1.8 p.p. | ||||||||||||||||||
Payments | 1,550 | 1,245 | 24.5% | 1,376 | 12.6% | 5,449 | 5,058 | 7.7% | ||||||||||||||||||
Financial Services | 125 | 164 | -23.9% | 101 | 23.7% | 515 | 395 | 30.4% |
Non-GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Operating Expenses | (700) | (621) | 12.7% | (583) | 20.0% | (2,459) | (2,400) | 2.5% | ||||||||||||||||||
% Total Revenue and Income | 16.1% | 15.7% | 0.4 p.p. | 14.5% | 1.6 p.p. | 15.4% | 15.6% | (0.2) p.p. | ||||||||||||||||||
Personnel Expenses | (269) | (249) | 7.7% | (245) | 9.8% | (1,012) | (953) | 0.1 | ||||||||||||||||||
Marketing and Advertising | (194) | (178) | 8.9% | (140) | 38.5% | (581) | (718) | -19.1% | ||||||||||||||||||
Other Expenses (Income), Net | (238) | (194) | 22.6% | (199) | 19.7% | (866) | (729) | 18.9% |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Operating Expenses | (732) | (590) | 23.9% | (610) | 19.9% | (2,566) | (2,542) | 1.0% | ||||||||||||||||||
% Total Revenue and Income | 16.8% | 14.9% | 1.9 p.p. | 15.2% | 1.7 p.p. | 16.1% | 16.6% | (0.5) p.p. | ||||||||||||||||||
Personnel Expenses | (300) | (208) | 44.6% | (274) | 9.4% | (1,122) | (1,033) | 0.1 | ||||||||||||||||||
Marketing and Advertising | (194) | (178) | 8.9% | (140) | 38.5% | (581) | (718) | -19.1% | ||||||||||||||||||
Other Expenses (Income), Net | (238) | (205) | 16.1% | (196) | 21.2% | (864) | (792) | 9.1% |
Non-GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Adj. EBITDA¹ | 975 | 788 | 23.7% | 894 | 9.1% | 3,505 | 3,053 | 14.8% | ||||||||||||||||||
% Total Revenue and Income | 22.4% | 19.9% | 2.5 p.p. | 22.2% | 0.2 p.p. | 22.0% | 19.9% | 2.1 p.p. | ||||||||||||||||||
Payments | 922 | 776 | 18.8% | 892 | 3.4% | 3,382 | 3,247 | 4.2% | ||||||||||||||||||
Financial Services | 53 | 12 | 357.0% | 2 | 2333.8% | 123 | (194) | n.a. | ||||||||||||||||||
Capital Expenditures (CapEx) | 521 | 378 | 37.8% | 529 | -1.7% | 1,988 | 2,136 | -6.9% | ||||||||||||||||||
% Total Revenue and Income | 12.0% | 9.5% | 2.4 p.p. | 13.2% | (1.2) p.p. | 12.5% | 13.9% | (1.9) p.p. | ||||||||||||||||||
Cash Earnings | Adj. EBITDA (-) CapEx | 454 | 410 | 10.7% | 365 | 24.7% | 1,516 | 917 | 65.4% |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Depreciation and Amortization | (366) | (307) | 19.4% | (346) | 5.7% | (1,356) | (1,131) | 19.9% | ||||||||||||||||||
% Total Revenue and Income | 8.4% | 7.7% | 0.7 p.p. | 8.6% | (0.2) p.p. | 8.5% | 7.4% | 1.1 p.p. |
Non-GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Depreciation and Amortization | (349) | (270) | 29.0% | (329) | 6.0% | (1,290) | (1,080) | 19.4% | ||||||||||||||||||
% Total Revenue and Income | 8.0% | 6.8% | 1.2 p.p. | 8.2% | (0.2) p.p. | 8.1% | 7.0% | 1.0 p.p. |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
POS Write-off | (57) | (66) | -13.4% | (64) | -10.9% | (248) | (200) | 23.8% | ||||||||||||||||||
% Total Revenue and Income | 1.3% | 1.7% | (0.3) p.p. | 1.6% | (0.3) p.p. | 1.6% | 1.3% | 0.2 p.p. |
Non-GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Earnings before Taxes (EBT) | 633 | 480 | 31.8% | 557 | 13.7% | 2,190 | 1,899 | 15.3% | ||||||||||||||||||
% Total Revenue and Income | 14.6% | 12.1% | 2.4 p.p. | 13.8% | 0.7 p.p. | 13.7% | 12.4% | 1.3 p.p. |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Earnings before Taxes (EBT) | 584 | 475 | 22.9% | 512 | 14.0% | 2,017 | 1,759 | 14.7% | ||||||||||||||||||
% Total Revenue and Income | 13.4% | 12.0% | 1.4 p.p. | 12.7% | 0.7 p.p. | 12.6% | 11.5% | 1.2 p.p. |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Earnings before Taxes (EBT) | 584 | 475 | 22.9% | 512 | 14.0% | 2,017 | 1,759 | 14.7% | ||||||||||||||||||
Statutory Rate | 34.0% | 34.0% | 0.0 p.p. | 34.0% | 0.0 p.p. | 34.0% | 34.0% | (0.0) p.p. | ||||||||||||||||||
Expected Income Tax Expenses | (198) | (161) | 22.9% | (174) | 14.0% | (686) | (598) | 14.7% | ||||||||||||||||||
Income Tax effect on: | ||||||||||||||||||||||||||
R&D and Tech Innovation Benefit1 | 44 | 80 | -45.1% | 48 | -9.0% | 193 | 255 | -24.3% | ||||||||||||||||||
Taxation of Income abroad2 | 45 | 25 | 76.5% | 24 | 87.4% | 124 | 114 | 8.2% | ||||||||||||||||||
Other | 14 | (11) | n.a. | 0 | 3361.7% | 5 | (26) | n.a. | ||||||||||||||||||
Income Tax Expenses | (96) | (67) | 42.5% | (101) | -5.5% | (363) | (255) | 42.8% | ||||||||||||||||||
Effective Tax Rate | 16.4% | 14.2% | 2.2 p.p. | 19.8% | (3.4) p.p. | 18.0% | 14.5% | 3.5 p.p. | ||||||||||||||||||
Current | (25) | (34) | -27.7% | (17) | 46.9% | (102) | (61) | 67.7% | ||||||||||||||||||
Deferred | (71) | (33) | 115.2% | (85) | -16.0% | (262) | (194) | 35.0% |
Non-GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Net Income | 520 | 411 | 26.6% | 440 | 18.2% | 1,768 | 1,597 | 10.7% | ||||||||||||||||||
% Total Revenue and Income | 12.0% | 10.4% | 1.6 p.p. | 10.9% | 1.0 p.p. | 11.1% | 10.4% | 0.7 p.p. |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Net Income | 488 | 408 | 19.7% | 411 | 18.8% | 1,654 | 1,505 | 9.9% | ||||||||||||||||||
% Total Revenue and Income | 11.2% | 10.3% | 0.9 p.p. | 10.2% | 1.0 p.p. | 10.4% | 9.8% | 0.6 p.p. |
R$ Million | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | |||||||||||||||||||||
Net Income | GAAP | 350 | 367 | 380 | 408 | 370 | 385 | 411 | 488 | |||||||||||||||||||||
(+) Income Tax and Social Contribution | 67 | 76 | 45 | 67 | 66 | 100 | 101 | 96 | |||||||||||||||||||||
(+) LTIP Expenses2 | 28 | 51 | 43 | (42) | 19 | 30 | 30 | 32 | |||||||||||||||||||||
(+) POS Write-off | 0 | 93 | 41 | 66 | 62 | 65 | 64 | 57 | |||||||||||||||||||||
(+) Depreciation and Amortization | 249 | 281 | 294 | 307 | 317 | 326 | 346 | 366 | |||||||||||||||||||||
(-) Other Financial Income | (42) | (45) | (46) | (43) | (65) | (65) | (66) | (73) | |||||||||||||||||||||
(+) M&A Expenses3 | 0 | 0 | 0 | 0 | 0 | 0 | (3) | 0 | |||||||||||||||||||||
(+) FX Expenses | 13 | 9 | 12 | 15 | 17 | 9 | 10 | 9 | |||||||||||||||||||||
(+) PagPhone realizable value reversal1 | 0 | 0 | (53) | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
(-) Software's disposals2 | 0 | 0 | 29 | 11 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
(-) Boleto Flex impairment2 | 0 | 0 | 13 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
(-) Agreement with POS supplier2 | 0 | 0 | 10 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Adj. EBITDA | 665 | 831 | 770 | 788 | 787 | 849 | 894 | 975 |
R$ Million | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | |||||||||||||||||||||
Net Income | GAAP | 350 | 367 | 380 | 408 | 370 | 385 | 411 | 488 | |||||||||||||||||||||
(+) LTIP Expenses2 | 28 | 51 | 43 | (42) | 19 | 30 | 30 | 32 | |||||||||||||||||||||
(+) M&A Expenses3 | 5 | 5 | 5 | 5 | 5 | 5 | 3 | 5 | |||||||||||||||||||||
(+) Income Tax and Social Contribution | (11) | (19) | (16) | (2) | (11) | (16) | (15) | (17) | |||||||||||||||||||||
(+) PagPhone realizable value reversal1 | 0 | 0 | (35) | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
(-) Software's disposals2 | 0 | 0 | 19 | 11 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
(-) Boleto Flex impairment2 | 0 | 0 | 8 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
(-) Agreement with POS supplier2 | 0 | 0 | 7 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
(+) Capitalized Expenses of platforms development | 0 | 0 | 0 | 32 | 10 | 11 | 12 | 13 | |||||||||||||||||||||
Net Income | Non-GAAP | 371 | 403 | 411 | 411 | 392 | 415 | 440 | 520 |
R$ Million | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | |||||||||||||||||||||
Total Revenue and Income | 3,427 | 3,911 | 4,035 | 3,962 | 3,750 | 3,826 | 4,026 | 4,347 | |||||||||||||||||||||
As previously reported | |||||||||||||||||||||||||||||
Payments | 3,125 | 3,606 | 3,712 | 3,654 | 3,449 | 3,339 | 3,771 | 4,104 | |||||||||||||||||||||
Financial Services | 305 | 314 | 339 | 329 | 298 | 447 | 219 | 169 | |||||||||||||||||||||
Other Financial Income | 42 | 45 | 46 | 43 | 65 | 65 | 66 | 73 | |||||||||||||||||||||
Float | (44) | (54) | (62) | (64) | (62) | (26) | (29) | – | |||||||||||||||||||||
Current classification | |||||||||||||||||||||||||||||
Payments | 3,125 | 3,606 | 3,712 | 3,654 | 3,449 | 3,575 | 3,771 | 4,084 | |||||||||||||||||||||
Financial Services | 333 | 344 | 376 | 362 | 331 | 243 | 260 | 253 | |||||||||||||||||||||
Other Financial Income | 42 | 45 | 46 | 43 | 65 | 65 | 66 | 73 | |||||||||||||||||||||
Float | (72) | (84) | (99) | (97) | (95) | (57) | (71) | (63) | |||||||||||||||||||||
Gross Profit | 1,225 | 1,434 | 1,384 | 1,409 | 1,374 | 1,438 | 1,477 | 1,675 | |||||||||||||||||||||
As previously reported | |||||||||||||||||||||||||||||
Payments | 1,205 | 1,393 | 1,308 | 1,278 | 1,228 | 1,225 | 1,417 | 1,624 | |||||||||||||||||||||
Financial Services | 20 | 41 | 76 | 131 | 147 | 213 | 59 | 41 | |||||||||||||||||||||
Current classification | |||||||||||||||||||||||||||||
Payments | 1,177 | 1,364 | 1,272 | 1,245 | 1,196 | 1,327 | 1,376 | 1,550 | |||||||||||||||||||||
Financial Services | 48 | 70 | 113 | 164 | 179 | 111 | 101 | 125 | |||||||||||||||||||||
Adj. EBITDA | 665 | 831 | 770 | 788 | 787 | 849 | 894 | 975 | |||||||||||||||||||||
As previously reported | |||||||||||||||||||||||||||||
Payments | 769 | 927 | 868 | 809 | 751 | 857 | 933 | 996 | |||||||||||||||||||||
Financial Services | (104) | (96) | (99) | (21) | 36 | (9) | (39) | (30) | |||||||||||||||||||||
Current classification | |||||||||||||||||||||||||||||
Payments | 741 | 898 | 832 | 776 | 719 | 850 | 892 | 922 | |||||||||||||||||||||
Financial Services | (76) | (67) | (62) | 12 | 68 | (1) | 2 | 53 |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Earnings before Taxes (EBT) | 584 | 475 | 22.9% | 512 | 14.0% | 2,017 | 1,759 | 14.7% | ||||||||||||||||||
Expenses (Revenues) not affecting Cash | 843 | 146 | 479.0% | 826 | 2.1% | 2,977 | 3,172 | -6.1% | ||||||||||||||||||
Net Cash from Operating Activities | 2,165 | 1,960 | 10.5% | 972 | 122.7% | 4,000 | 3,549 | 12.7% | ||||||||||||||||||
Net Cash from Investing Activities | (1,086) | (427) | 154.5% | (503) | 115.7% | (2,704) | (2,185) | 23.8% | ||||||||||||||||||
Net Cash from Financing Activities | (155) | (1,109) | -86.0% | (218) | -29.1% | (226) | (1,330) | -83.0% | ||||||||||||||||||
Increase (Decrease) in Cash Position | 924 | 425 | 117.7% | 251 | 269.0% | 1,070 | 35 | 2980.5% | ||||||||||||||||||
Cash Position at the beginning of the Period | 1,975 | 1,404 | 40.6% | 1,724 | 14.5% | 1,829 | 1,794 | 1.9% | ||||||||||||||||||
Cash Position at the end of the Period | 2,899 | 1,829 | 58.5% | 1,975 | 46.8% | 2,899 | 1,829 | 58.5% |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Net Cash from Operating Activities | 2,165 | 1,960 | 10.5% | 972 | 122.7% | 4,000 | 3,549 | 12.7% | ||||||||||||||||||
Earnings before Income Taxes | 584 | 475 | 22.9% | 512 | 14.0% | 2,017 | 1,759 | 14.7% | ||||||||||||||||||
Expenses (Revenues) not affecting Cash | 843 | 146 | 479.0% | 826 | 2.1% | 2,977 | 3,172 | -6.1% | ||||||||||||||||||
Changes in Operating Assets and Liabilities | (84) | 1,162 | n.a. | (1,037) | -91.9% | (3,488) | (3,998) | -12.8% | ||||||||||||||||||
Income Tax and Social Contribution paid | (4) | (3) | 22.2% | (19) | -79.0% | (83) | (90) | -8.1% | ||||||||||||||||||
Interest Income received | 826 | 181 | 357.5% | 690 | 19.6% | 2,576 | 2,706 | -4.8% |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Net Cash from Investing Activities | (1,086) | (427) | 154.5% | (503) | 115.7% | (2,704) | (2,185) | 23.8% | ||||||||||||||||||
Amount paid on Acquisitions1 | 0 | 0 | n.a. | (31) | n.a. | (31) | 0 | n.a. | ||||||||||||||||||
Property and Equipment | (259) | (69) | 275.6% | (266) | -2.7% | (952) | (1,096) | -13.2% | ||||||||||||||||||
Intangible Assets | (262) | (309) | -15.1% | (262) | 0.2% | (1,037) | (1,040) | -0.3% | ||||||||||||||||||
Redemption (Acquisition) of Fin. Investments | (564) | (49) | 1062.5% | 56 | n.a. | (684) | (48) | 1321.3% |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Net Cash from Financing Activities | (155) | (1,109) | -86.0% | (218) | -29.1% | (226) | (1,330) | -83.0% | ||||||||||||||||||
Proceeds from Borrowings | 0 | 0 | n.a. | 0 | n.a. | 300 | 250 | 20.0% | ||||||||||||||||||
Payment of borrowings | 0 | (963) | n.a. | (100) | n.a. | (100) | (1,213) | -91.8% | ||||||||||||||||||
Payment of borrowings interests | 0 | (42) | n.a. | (10) | n.a. | (10) | (57) | -83.1% | ||||||||||||||||||
Acquisition of Treasury Shares | (151) | (100) | 51.2% | (105) | 43.2% | (399) | (291) | 37.0% | ||||||||||||||||||
Payment of Leases | (4) | (4) | 3.9% | (4) | 17.6% | (17) | (18) | -6.6% |
R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | |||||||||||||||||||||
Total Assets | 55,108 | 45,329 | 21.6% | 47,327 | 16.4% | |||||||||||||||||||||
Current Assets | 48,729 | 39,767 | 22.5% | 41,165 | 18.4% | |||||||||||||||||||||
Cash and Cash Equivalents | 2,899 | 1,829 | 58.5% | 1,975 | 46.8% | |||||||||||||||||||||
Financial Investments | 3,309 | 1,103 | 199.9% | 1,078 | 206.8% | |||||||||||||||||||||
Accounts Receivable | 41,757 | 36,249 | 15.2% | 37,521 | 11.3% | |||||||||||||||||||||
Derivative Financial Instruments | 0 | 0 | n.a. | 0 | n.a. | |||||||||||||||||||||
Receivables from Related Parties | 4 | 0 | n.a. | 4 | -2.1% | |||||||||||||||||||||
Inventories | 34 | 13 | 152.5% | 26 | 28.0% | |||||||||||||||||||||
Taxes Recoverable | 563 | 411 | 37.1% | 379 | 48.6% | |||||||||||||||||||||
Other Receivables | 163 | 162 | 0.5% | 181 | -10.0% | |||||||||||||||||||||
Non-current Assets | 6,379 | 5,562 | 14.7% | 6,162 | 3.5% | |||||||||||||||||||||
Judicial Deposits | 51 | 45 | 13.7% | 50 | 2.7% | |||||||||||||||||||||
Accounts Receivable | 1,144 | 746 | 53.4% | 1,000 | 14.4% | |||||||||||||||||||||
Receivables from related parties | 28 | 0 | n.a. | 28 | -0.2% | |||||||||||||||||||||
Other receivables | 36 | 19 | 92.3% | 21 | 70.9% | |||||||||||||||||||||
Deferred Income Tax | 99 | 99 | -0.6% | 102 | -2.6% | |||||||||||||||||||||
Investment | 0 | 2 | n.a. | 0 | n.a. | |||||||||||||||||||||
Property and Equipment | 2,451 | 2,493 | -1.7% | 2,478 | -1.1% | |||||||||||||||||||||
Intangible Assets | 2,571 | 2,159 | 19.1% | 2,484 | 3.5% | |||||||||||||||||||||
Total Liabilities and Equity | 55,108 | 45,329 | 21.6% | 47,327 | 16.4% | |||||||||||||||||||||
Current Liabilities | 34,432 | 29,740 | 15.8% | 28,665 | 20.1% | |||||||||||||||||||||
Payables to Third Parties | 21,349 | 17,988 | 18.7% | 18,707 | 14.1% | |||||||||||||||||||||
Trade Payables | 514 | 449 | 14.4% | 439 | 17.0% | |||||||||||||||||||||
Payables to Related Parties | 135 | 594 | -77.2% | 78 | 72.9% | |||||||||||||||||||||
Borrowings | 189 | 0 | n.a. | 193 | -1.7% | |||||||||||||||||||||
Derivative Financial Instruments | 41 | 22 | 83.7% | 28 | 45.8% | |||||||||||||||||||||
Deposits | 11,365 | 10,101 | 12.5% | 8,577 | 32.5% | |||||||||||||||||||||
Salaries and Social Charges | 345 | 293 | 17.9% | 334 | 3.4% | |||||||||||||||||||||
Taxes and Contributions | 241 | 90 | 168.1% | 83 | 190.2% | |||||||||||||||||||||
Provision for Contingencies | 91 | 46 | 97.9% | 70 | 30.4% | |||||||||||||||||||||
Deferred Revenue | 128 | 126 | 1.9% | 126 | 2.1% | |||||||||||||||||||||
Other Liabilities | 32 | 31 | 2.8% | 30 | 7.8% | |||||||||||||||||||||
Non-current Liabilities | 7,435 | 3,747 | 98.4% | 5,793 | 28.3% | |||||||||||||||||||||
Payables to Third Parties | 186 | 85 | 119.3% | 159 | 16.6% | |||||||||||||||||||||
Deferred Income Tax | 1,832 | 1,564 | 17.1% | 1,755 | 4.4% | |||||||||||||||||||||
Provision for Contingencies | 6 | 14 | -60.1% | 6 | -9.3% | |||||||||||||||||||||
Deposits | 4,823 | 1,895 | 154.6% | 3,337 | 44.5% | |||||||||||||||||||||
Deferred Revenue | 18 | 17 | 1.4% | 18 | -1.9% | |||||||||||||||||||||
Payables to related parties | 341 | 0 | n.a. | 284 | 20.2% | |||||||||||||||||||||
Other Liabilities | 230 | 171 | 34.1% | 233 | -1.4% | |||||||||||||||||||||
Equity | 13,241 | 11,842 | 11.8% | 12,868 | 2.9% | |||||||||||||||||||||
Share Capital | 0 | 0 | 0.0% | 0 | 0.0% | |||||||||||||||||||||
Capital Reserve | 6,133 | 6,103 | 0.5% | 6,097 | 0.6% | |||||||||||||||||||||
Retained earnings | 7,891 | 6,237 | 26.5% | 7,403 | 6.6% | |||||||||||||||||||||
Treasury Shares | (760) | (475) | 59.9% | (610) | 24.7% | |||||||||||||||||||||
Other Comprehensive Income | (0) | (0) | 242.3% | (0) | 576.6% | |||||||||||||||||||||
Equity Valuation Adjustments | (22) | (22) | 0.0% | (22) | 0.0% |
GAAP | R$ million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Net Income attributable to: | ||||||||||||||||||||||||||
Owners of the Company | 488 | 408 | 19.7% | 411 | 18.8% | 1,654 | 1,505 | 9.9% | ||||||||||||||||||
Non-controlling interests | – | – | – | – | – | – | – | – | ||||||||||||||||||
Outstanding Common Shares1 | # Million | 317.2 | 327.1 | -3.0% | 321.8 | -1.5% | 321.8 | 327.1 | -1.6% | ||||||||||||||||||
Common Shares1 diluted | # Million | 319.1 | 329.2 | -3.1% | 323.8 | -1.4% | 324.0 | 329.2 | -1.6% | ||||||||||||||||||
Basic Earnings per Common Share | R$ 1.54 | R$ 1.25 | 23.5% | R$ 1.28 | 20.6% | R$ 5.14 | R$ 4.60 | 11.7% | ||||||||||||||||||
Diluted Earnings per Common Share | R$ 1.53 | R$ 1.24 | 23.5% | R$ 1.27 | 20.6% | R$ 5.10 | R$ 4.57 | 11.7% |
GAAP | R$ Million | 4Q23 | 4Q22 | Var. y/y | 3Q23 | Var. q/q | 2023 | 2022 | Var. y/y | ||||||||||||||||||
Earnings before Income Taxes | 584 | 475 | 22.9% | 512 | 14.0% | 2,017 | 1,759 | 14.7% | ||||||||||||||||||
Expenses (Revenues) not affecting Cash | 843 | 146 | 478.6% | 826 | 2.0% | 2,977 | 3,172 | -6.1% | ||||||||||||||||||
Depreciation and Amortization | 366 | 307 | 19.4% | 346 | 5.7% | 1,356 | 1,131 | 19.9% | ||||||||||||||||||
Chargebacks | 123 | 192 | -36.0% | 165 | -25.8% | 536 | 984 | -45.6% | ||||||||||||||||||
Accrual of Provision for Contingencies | 36 | 9 | 284.8% | 10 | 257.9% | 59 | 37 | 58.8% | ||||||||||||||||||
Reversal of Taxes and Contributions | 0 | 0 | n.a. | 0 | n.a. | 0 | 0 | n.a. | ||||||||||||||||||
Share based Long Term Incentive Plan | 35 | 14 | 151.7% | 36 | -1.7% | 145 | 127 | 13.5% | ||||||||||||||||||
Loss on Disposal: PP&E/Intangible Assets | 87 | 82 | 7.2% | 78 | 12.7% | 296 | 271 | 9.3% | ||||||||||||||||||
Financial Instruments | 4 | 22 | -84.2% | 8 | -58.4% | 1 | 22 | -95.4% | ||||||||||||||||||
Interest Accrued | 193 | (471) | n.a. | 184 | 4.6% | 586 | 592 | -1.1% | ||||||||||||||||||
Other Financial Cost, Net | (1) | (9) | -86.6% | (2) | -36.9% | (2) | 6 | n.a. | ||||||||||||||||||
Changes in Operating Assets/Liabilities | (84) | 1,162 | n.a. | (1,037) | -91.9% | (3,488) | (3,998) | -12.8% | ||||||||||||||||||
Account Receivables | (5,587) | (2,898) | 92.8% | (5,386) | 3.7% | (10,531) | (17,854) | -41.0% | ||||||||||||||||||
Financial Investments | (1,504) | 52 | n.a. | 16 | n.a. | (1,274) | (157) | 709.4% | ||||||||||||||||||
Inventories | (7) | 39 | n.a. | 7 | n.a. | (20) | 36 | n.a. | ||||||||||||||||||
Taxes Recoverable | (166) | 51 | n.a. | 59 | n.a. | (60) | 154 | n.a. | ||||||||||||||||||
Other Receivables | (2) | (12) | -85.7% | (23) | -92.4% | (10) | 26 | n.a. | ||||||||||||||||||
Deferred Revenue | 2 | (7) | n.a. | 1 | 304.6% | 2 | (36) | n.a. | ||||||||||||||||||
Other Payables | 6 | 104 | -94.6% | (5) | n.a. | 8 | 68 | -87.8% | ||||||||||||||||||
Payables to Third Parties | 2,662 | 3,723 | -28.5% | 2,082 | 27.9% | 3,430 | 4,848 | -29.2% | ||||||||||||||||||
Trade Payables | 76 | 86 | -11.8% | (27) | n.a. | 63 | (134) | n.a. | ||||||||||||||||||
Receivables/Payables to Related Parties | 105 | 129 | -18.4% | 110 | -4.5% | (192) | 10 | n.a. | ||||||||||||||||||
Deposits | 4,186 | (91) | n.a. | 2,075 | 101.7% | 4,945 | 9,006 | -45.1% | ||||||||||||||||||
Salaries and Social Charges | 11 | (8) | n.a. | 56 | -79.8% | 51 | 33 | 55.7% | ||||||||||||||||||
Taxes and Contributions | 151 | 2 | n.a. | 0 | n.a. | 127 | 26 | 392.8% | ||||||||||||||||||
Provision for Contingencies | (17) | (7) | 143.8% | (2) | 856.1% | (29) | (24) | 18.2% | ||||||||||||||||||
Income Tax and Social Contribution paid | (4) | (3) | 22.2% | (19) | -79.0% | (83) | (90) | -8.1% | ||||||||||||||||||
Interest Income received | 826 | 181 | 357.5% | 690 | 19.6% | 2,576 | 2,706 | -4.8% | ||||||||||||||||||
Net Cash from Operating Activities | 2,165 | 1,960 | 10.5% | 973 | 122.5% | 4,000 | 3,549 | 12.7% | ||||||||||||||||||
Amount paid on Acquisitions | 0 | 0 | n.a. | (31) | n.a. | (31) | 0 | n.a. | ||||||||||||||||||
Purchases of Property and Equipment | (259) | (69) | 275.6% | (266) | -2.7% | (952) | (1,096) | -13.2% | ||||||||||||||||||
Purchases of Intangible Assets | (262) | (309) | -15.3% | (262) | -0.2% | (1,037) | (1,040) | -0.3% | ||||||||||||||||||
Acquisition of Financial Investments | (564) | (48) | n.a. | 56 | n.a. | (684) | (48) | n.a. | ||||||||||||||||||
Redemption of Financial Investments | 0 | (0) | n.a. | 0 | n.a. | 0 | 0 | n.a. | ||||||||||||||||||
Net Cash from Investing Activities | (1,085) | (427) | 154.4% | (504) | 115.4% | (2,704) | (2,185) | 23.8% | ||||||||||||||||||
Payment of Borrowings | 0 | (963) | n.a. | (100) | n.a. | (100) | (1,213) | -91.8% | ||||||||||||||||||
Proceeds from Borrowings | 0 | 0 | n.a. | 0 | n.a. | 300 | 250 | 20.0% | ||||||||||||||||||
Payment of Borrowings Interest | 0 | (42) | n.a. | (10) | n.a. | (10) | (57) | -83.1% | ||||||||||||||||||
Payment of Leases | (4) | (4) | 3.9% | (4) | 17.6% | (17) | (18) | -6.6% | ||||||||||||||||||
Acquisition of Treasury Shares | (151) | (100) | 51.2% | (105) | 43.2% | (399) | (291) | 37.0% | ||||||||||||||||||
Capital Increase | 0 | 0 | n.a. | 0 | n.a. | 0 | 0 | n.a. | ||||||||||||||||||
Net Cash from Financing Activities | (155) | (1,109) | -86.0% | (218) | -29.1% | (226) | (1,330) | -83.0% | ||||||||||||||||||
Increase (Decrease) in Cash Position | 924 | 425 | 117.7% | 251 | 269.0% | 1,070 | 35 | 2980.5% | ||||||||||||||||||
Cash Position at the beginning of the Period | 1,975 | 1,404 | 40.6% | 1,724 | 14.5% | 1,829 | 1,794 | 1.9% | ||||||||||||||||||
Cash Position at the end of the Period | 2,899 | 1,829 | 58.5% | 1,975 | 46.8% | 2,899 | 1,829 | 58.5% |
PagSeguro Digital Ltd. | ||||||||
By: | /s/ Artur Schunck | |||||||
Name: | Artur Schunck | |||||||
Title: | Chief Financial Officer, Chief Accounting Officer and Investor Relations Officer |
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