Quarterly ResultJun 3, 2026, 06:07 AM
PicPay 1Q26 Adj. Net Income R$169M (+92% YoY); Revenue R$3.5B (+70% YoY)
AI Summary
PicPay announced its first quarter 2026 results, reporting significant year-over-year growth in both revenue and profitability. Adjusted net income surged by 92% to R$ 169 million, while net revenue increased by 70% to R$ 3.5 billion. The company highlighted strong performance in its credit portfolio, with total credit reaching R$ 28 billion, and a strategic shift towards more secured products. Looking ahead, PicPay provided a positive outlook for the second quarter of 2026, projecting continued growth in revenue and net income.
Key Highlights
- PicPay reported 1Q26 adjusted net income of R$ 169 million, up 92% year-over-year.
- Net revenue reached R$ 3.5 billion in 1Q26, a 70% increase year-over-year.
- Gross profit increased 44% year-over-year to R$ 1.1 billion.
- Net interest income (NII) grew 76% year-over-year to R$ 1.7 billion.
- Average revenue per active customer (ARPAC) was R$ 80.7, up 55% year-over-year.
- Digital wallet total payment volume (TPV) rose 24% year-over-year to R$ 134 billion.
- The total credit portfolio reached R$ 28 billion, an increase of 116% year-over-year.
- For 2Q26, management projects total revenue of R$ 3.6 billion and adjusted net income of R$ 245 million.
Price Impact
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