Quarterly ResultMay 12, 2026, 04:13 PM
PagSeguro Q1 2026 Net Income (non-GAAP) R$575M; Credit Portfolio +36%
AI Summary
PagSeguro Digital Ltd. reported its first quarter 2026 results, with non-GAAP Net Income reaching R$575 million, a 3.8% increase year-over-year. The company's Credit Portfolio expanded significantly by 35.9% to R$5.0 billion, driven by working capital solutions. Total Revenue and Income (ex-ITC) grew 6.4% year-over-year, primarily due to the banking vertical's increasing contribution. Despite a challenging macroeconomic environment with higher SELIC rates, PagSeguro demonstrated operating leverage and expressed confidence in achieving its full-year guidance.
Key Highlights
- PagSeguro Q1 2026 Net Income (non-GAAP) R$575 million, up 3.8% year-over-year.
- Credit Portfolio grew 35.9% year-over-year to R$5.0 billion.
- Total Revenue and Income (ex-ITC) increased 6.4% year-over-year to R$3,335 million.
- Non-GAAP Diluted EPS rose 12.1% year-over-year to R$2.03.
- Non-GAAP Annualized Return on Average Equity (ROAE) reached 15.8%, up 0.8 p.p. year-over-year.
- Total Deposits increased 22.9% year-over-year to R$41.6 billion.
- Cash-In (inflows not related to acquiring) grew 10.8% year-over-year to R$81.4 billion.
- The company repurchased R$1,385 million in shares over the last twelve months and distributed R$171 million in dividends in Q1 2026.