PagSeguro Digital Ltd.

PAGS

TechnologySmall CapUS Equities · NYSE / NASDAQ

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Company Profile

PagSeguro Digital Ltd., together with its subsidiaries, engages in the provision of financial and payment solutions for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. It provides digital banking solutions, including deposits, top-ups, debt management services, tax collections, wire transfers, ATM withdrawals, and various online and point-of-sale (POS) payment solutions; cards, such as debit, credit, cash, and prepaid cards; and credit products comprising FGTS withdrawals, payroll loans, working capital loans, and overdraft accounts. The company offers insurance services, including account, card, home, business, health assistance, life, and credit life insurance; investment services, such as investment and portfolio advisory, financial education, brokerage, fund management, treasury, and research services; and operates Shopping PagBank, a marketplace for various brands. In addition, it provides software solutions comprising PagVendas, a POS software app; ClubPag, a marketing tool that allows merchants to advertise across client base, available for POS devices; and PlugPag, a wireless solution that connects the machine to the commercial automation system, via Bluetooth technology. The company was founded in 2006 and is headquartered in São Paulo, Brazil.

Valuation

Market Cap$2.5B

Current Price$8.73as of Jun 23, 2026

P/E Ratio1.16

P/B Ratio0.17

EV / EBITDA5.00

EV / Sales2.14

Profitability

Operating Margin39.6%

Net Profit Margin10.4%

EBITDA Margin42.8%

Returns

ROE14.5%

ROCE30.3%

ROIC %10.0%

ROA2.8%

Solvency

Current Ratio1.36

Debt / Equity2.94

Debt / Assets0.58

CFO / Net Profit3.57

Price History▼ 3.48% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$20.4B▲ 8.5%

EBITDA$8.7B▲ 13.1%

Net Profit$2.1B▲ 0.1%

Cash from Ops (CFO)$7.6B▼ 321.4%

Free Cash Flow (FCF)$5.3B▼ 192.1%

Revenue CAGR 3Y10.0%

Revenue CAGR 5Y-

Net Profit CAGR 3Y12.1%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$20.4B	$8.7B	$2.1B	$5.3B	14.5%	8.5%	0.1%
2024	$18.8B	$7.7B	$2.1B	$-5.7B	14.4%	17.9%	28.0%
2023	$15.9B	$6.6B	$1.7B	$2.0B	12.5%	4.0%	9.9%
2022	$15.3B	$6.0B	$1.5B	$1.4B	12.7%	-	-
2021	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	15,334.91	15,948.40	18,809.63	20,410.51
Operating Revenue	-	15,334.91	15,948.40	18,809.63	20,410.51
Cost Of Revenue	-	7,470.90	8,132.58	9,543.32	9,696.09
Gross Profit	-	7,864.02	7,815.82	9,266.32	10,714.42
Operating Expense	-	2,614.75	2,162.50	2,831.84	2,635.11
Selling General And Administration	-	2,614.75	2,053.20	2,721.56	2,445.51
Total Expenses	-	10,085.65	10,295.08	12,375.16	12,331.20
Operating Income	-	5,249.26	5,653.32	6,434.48	8,079.31
EBITDA	-	6,041.56	6,642.32	7,727.55	8,743.41
Normalized EBITDA	-	6,041.56	6,642.32	7,727.55	8,743.41
EBIT	-	4,910.87	5,286.66	6,126.62	6,935.90
Interest Income	-	6,252.74	6,653.05	9,150.43	11,584.61
Interest Expense	-	3,151.55	3,269.56	3,746.69	4,386.48
Net Interest Income	-	-3,151.55	-3,269.56	-3,746.69	-5,228.79
Other Non Operating Income Expenses	-	-338.40	-366.65	-307.86	-301.09
Other Income Expense	-	-338.40	-366.65	-307.86	-301.09
Interest Income Non Operating	-	6,252.74	6,653.05	9,150.43	11,584.61
Interest Expense Non Operating	-	3,151.55	3,269.56	3,746.69	4,386.48
Net Non Operating Interest Income Expense	-	-3,151.55	-3,269.56	-3,746.69	-5,228.79
Pretax Income	-	1,759.32	2,017.11	2,379.93	2,549.42
Tax Provision	-	254.55	363.42	263.56	431.06
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0	0	0	0
Net Income Continuous Operations	-	1,504.77	1,653.68	2,116.37	2,118.36
Net Income From Continuing And Discontinued Operation	-	1,504.77	1,653.68	2,116.37	2,118.36
Net Income From Continuing Operation Net Minority Interest	-	1,504.77	1,653.68	2,116.37	2,118.36
Net Income	-	1,504.77	1,653.68	2,116.37	2,118.36
Net Income Common Stockholders	-	1,504.77	1,653.68	2,116.37	2,118.36
Net Income Including Noncontrolling Interests	-	1,504.77	1,653.68	2,116.37	2,118.36
Normalized Income	-	1,504.77	1,653.68	2,116.37	2,118.36
Diluted NI Availto Com Stockholders	-	1,504.77	1,653.68	2,116.37	2,118.36
Basic Average Shares	-	327.11	321.81	316.10	295.20
Diluted Average Shares	-	329.23	323.96	319.51	297.90
Reconciled Depreciation	-	1,130.69	1,355.65	1,600.93	1,807.51
Reconciled Cost Of Revenue	-	7,470.90	8,132.58	9,543.32	7,948.89
Minority Interests	-0.18	0	0	-	-
Depreciation Amortization Depletion Income Statement	-	-	-	-	60.31
Depreciation And Amortization In Income Statement	-	-	-	-	60.31
General And Administrative Expense	-	668.68	732.69	972.25	809.29
Other Gand A	-	668.68	732.69	972.25	809.29
Total Other Finance Cost	-	-175.77	-268.11	-475.92	842.32
Provision For Doubtful Accounts	-	-	109.31	110.28	129.29
Selling And Marketing Expense	-	1,946.08	1,320.51	1,749.31	1,636.22
Amortization	-	-	-	-	24.01
Amortization Of Intangibles Income Statement	-	-	-	-	24.01
Depreciation Income Statement	-	-	-	-	36.30

Peer Comparison

Technology sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
PagSeguro Digital Ltd.this co.	PAGS	$2.5B	1.16	0.17	14.5%	5.00
StoneCo Ltd.	STNE	$2.6B	1.13	0.24	21.1%	2.17
Braze, Inc.	BRZE	$2.6B	-19.85	4.18	-21.0%	-20.45
Quantum Computing Inc.	QUBT	$2.5B	-135.15	1.58	-1.2%	-130.81
Agilysys, Inc.	AGYS	$2.5B	64.93

Learn while you research

Hand-picked academy chapters to deepen your understanding of PagSeguro Digital Ltd. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Value Investing

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$20.4B

$8.7B

$2.1B

$5.3B

14.5%

8.5%

0.1%

2024

$18.8B

$7.7B

$2.1B

$-5.7B

14.4%

17.9%

28.0%

2023

$15.9B

$6.6B

$1.7B

$2.0B

12.5%

4.0%

9.9%

2022

$15.3B

$6.0B

$1.5B

$1.4B

12.7%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

15,334.91

15,948.40

18,809.63

20,410.51

Operating Revenue

15,334.91

15,948.40

18,809.63

20,410.51

Cost Of Revenue

7,470.90

8,132.58

9,543.32

9,696.09

Gross Profit

7,864.02

7,815.82

9,266.32

10,714.42

Operating Expense

2,614.75

2,162.50

2,831.84

2,635.11

Selling General And Administration

2,614.75

2,053.20

2,721.56

2,445.51

Total Expenses

10,085.65

10,295.08

12,375.16

12,331.20

Operating Income

5,249.26

5,653.32

6,434.48

8,079.31

EBITDA

6,041.56

6,642.32

7,727.55

8,743.41

Normalized EBITDA

6,041.56

6,642.32

7,727.55

8,743.41

EBIT

4,910.87

5,286.66

6,126.62

6,935.90

Interest Income

6,252.74

6,653.05

9,150.43

11,584.61

Interest Expense

3,151.55

3,269.56

3,746.69

4,386.48

Net Interest Income

-3,151.55

-3,269.56

-3,746.69

-5,228.79

Other Non Operating Income Expenses

-338.40

-366.65

-307.86

-301.09

Other Income Expense

-338.40

-366.65

-307.86

-301.09

Interest Income Non Operating

6,252.74

6,653.05

9,150.43

11,584.61

Interest Expense Non Operating

3,151.55

3,269.56

3,746.69

4,386.48

Net Non Operating Interest Income Expense

-3,151.55

-3,269.56

-3,746.69

-5,228.79

Pretax Income

1,759.32

2,017.11

2,379.93

2,549.42

Tax Provision

254.55

363.42

263.56

431.06

Tax Rate For Calcs

Tax Effect Of Unusual Items

Net Income Continuous Operations

1,504.77

1,653.68

2,116.37

2,118.36

Net Income From Continuing And Discontinued Operation

1,504.77

1,653.68

2,116.37

2,118.36

Net Income From Continuing Operation Net Minority Interest

1,504.77

1,653.68

2,116.37

2,118.36

Net Income

1,504.77

1,653.68

2,116.37

2,118.36

Net Income Common Stockholders

1,504.77

1,653.68

2,116.37

2,118.36

Net Income Including Noncontrolling Interests

1,504.77

1,653.68

2,116.37

2,118.36

Normalized Income

1,504.77

1,653.68

2,116.37

2,118.36

Diluted NI Availto Com Stockholders

1,504.77

1,653.68

2,116.37

2,118.36

Basic Average Shares

327.11

321.81

316.10

295.20

Diluted Average Shares

329.23

323.96

319.51

297.90

Reconciled Depreciation

1,130.69

1,355.65

1,600.93

1,807.51

Reconciled Cost Of Revenue

7,470.90

8,132.58

9,543.32

7,948.89

Minority Interests

-0.18

Depreciation Amortization Depletion Income Statement

60.31

Depreciation And Amortization In Income Statement

60.31

General And Administrative Expense

668.68

732.69

972.25

809.29

Other Gand A

668.68

732.69

972.25

809.29

Total Other Finance Cost

-175.77

-268.11

-475.92

842.32

Provision For Doubtful Accounts

109.31

110.28

129.29

Selling And Marketing Expense

1,946.08

1,320.51

1,749.31

1,636.22

Amortization

24.01

Amortization Of Intangibles Income Statement

24.01

Depreciation Income Statement

36.30

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

PagSeguro Digital Ltd.this co.

PAGS

$2.5B

1.16

0.17

14.5%

5.00

StoneCo Ltd.

STNE

$2.6B

1.13

0.24

21.1%

2.17

Braze, Inc.

BRZE

$2.6B

-19.85

4.18

-21.0%

-20.45

Quantum Computing Inc.

QUBT

$2.5B

-135.15

1.58

-1.2%

-130.81

Agilysys, Inc.

AGYS

$2.5B

64.93

PagSeguro Digital Ltd.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

PagSeguro Digital Ltd.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on