PagSeguro Digital Ltd. (PAGS) Income Statement
PAGS 2025 at a glance
Fiscal year ended December 31, 2025 · Brazilian reaisPAGS revenue and net income
Where PAGS's revenue goes
2025Each bar shows an amount and its share of revenue. PAGS kept 10.7% of revenue as net income.
PAGS profit margins
PAGS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.6% | +8.5% | +23.7% | +40.1% |
| Gross profit | +11.4% | +8.4% | +27.4% | +42.6% |
| Operating income | +22.0% | +12.7% | +33.2% | +62.1% |
| Net income | −1.9% | +11.3% | +10.0% | +50.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PAGS income statement in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$19.36B | R$18.33B | R$15.68B | R$15.16B | R$10.30B | R$6.69B | R$5.58B | R$4.06B | R$2.51B | R$1.13B |
| Cost of revenue | R$9.56B | R$9.54B | R$8.13B | R$7.47B | R$5.78B | R$3.77B | R$2.76B | R$2.14B | R$1.32B | R$623.7M |
| Gross profit | R$9.79B | R$8.79B | R$7.55B | R$7.69B | R$4.52B | R$2.91B | R$2.82B | R$1.91B | R$1.19B | R$509.4M |
| Research & development | — | — | — | R$430.4M | R$278.2M | — | R$0 | R$0 | R$0 | R$0 |
| Sales, general & admin | R$2.45B | R$2.83B | R$2.16B | R$668.7M | R$877.6M | R$1.18B | R$992.5M | R$933.1M | R$398.9M | R$284.4M |
| Total operating expenses | R$2.52B | R$2.83B | R$2.16B | R$2.61B | R$2.40B | R$1.18B | R$992.5M | R$933.1M | R$398.9M | R$284.4M |
| Operating income | R$7.27B | R$5.96B | R$5.39B | R$5.07B | R$2.12B | R$1.73B | R$1.83B | R$978.4M | R$791.5M | R$225.0M |
| Interest income | R$11.58B | R$475.9M | R$6.44B | R$6.25B | R$3.51B | R$2.18B | R$2.03B | R$1.41B | R$818.6M | R$392.4M |
| Interest expense | R$5.13B | R$3.75B | R$3.27B | R$3.15B | R$790.6M | R$109.2M | R$38.1M | R$29.7M | R$96.0M | R$63.0M |
| Income before taxes | R$2.50B | R$2.38B | R$2.02B | R$1.76B | R$1.49B | R$1.77B | R$1.91B | R$1.22B | R$683.5M | R$155.4M |
| Income taxes | R$422.6M | R$263.6M | R$363.4M | R$254.5M | R$321.7M | R$482.4M | R$545.5M | R$307.2M | R$204.7M | R$27.6M |
| Net income | R$2.08B | R$2.12B | R$1.65B | R$1.50B | R$1.17B | R$1.29B | R$1.37B | R$909.3M | R$478.8M | R$127.2M |
| EBITDA | R$9.40B | R$7.73B | R$6.64B | R$6.04B | R$3.05B | R$2.11B | R$1.95B | R$1.07B | R$831.1M | R$249.6M |
| Gross margin | 50.6% | 47.9% | 48.1% | 50.7% | 43.9% | 43.6% | 50.5% | 47.1% | 47.3% | 45.0% |
| Operating margin | 37.5% | 32.5% | 34.3% | 33.5% | 20.6% | 25.9% | 32.7% | 24.1% | 31.5% | 19.9% |
| Net margin | 10.7% | 11.5% | 10.5% | 9.9% | 11.3% | 19.3% | 24.5% | 22.4% | 19.0% | 11.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Dec '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$4.88B | R$4.69B | R$5.30B | R$4.92B | R$4.89B | R$5.00B | R$4.20B | R$4.27B | R$3.96B | R$3.76B | R$3.69B | R$2.30B |
| Cost of revenue | R$2.37B | R$2.29B | R$2.58B | R$2.40B | R$2.41B | R$2.59B | R$2.17B | R$2.24B | R$2.03B | R$1.93B | R$1.93B | R$1.97B |
| Gross profit | R$2.51B | R$2.40B | R$2.72B | R$2.52B | R$2.48B | R$2.42B | R$2.03B | R$2.03B | R$1.93B | R$1.83B | R$1.76B | R$335.0M |
| Research & development | — | — | — | — | — | — | — | — | R$155.9M | — | R$430.4M | — |
| Sales, general & admin | R$748.0M | R$617.2M | R$466.7M | R$633.8M | R$679.0M | R$724.8M | R$668.0M | R$345.6M | R$206.3M | R$524.8M | R$171.4M | R$549.6M |
| Total operating expenses | R$748.0M | R$652.6M | R$652.2M | R$633.8M | R$679.0M | R$724.8M | R$668.0M | R$2.83B | R$584.6M | R$524.8M | R$489.3M | R$549.6M |
| Operating income | R$1.77B | R$1.75B | R$2.07B | R$1.89B | R$1.80B | R$1.69B | R$1.36B | R$1.58B | R$1.34B | R$1.31B | R$1.27B | R$1.33B |
| Interest income | — | — | R$3.06B | R$189.6M | R$167.2M | R$112.3M | R$1.83B | R$1.83B | R$1.69B | R$1.59B | R$1.53B | R$1.61B |
| Interest expense | R$1.15B | R$1.32B | R$1.40B | R$1.39B | R$1.03B | R$1.09B | R$827.1M | R$841.0M | R$819.9M | R$160.7M | R$156.6M | R$854.7M |
| Income before taxes | R$627.0M | R$609.2M | R$727.7M | R$636.4M | R$616.2M | R$636.3M | R$572.4M | R$600.0M | R$512.1M | R$485.3M | R$436.0M | R$474.8M |
| Income taxes | R$77.9M | R$73.9M | R$218.1M | R$81.9M | R$79.5M | R$37.3M | R$89.8M | R$112.0M | R$101.3M | R$100.2M | R$66.2M | R$67.2M |
| Net income | R$549.1M | R$535.3M | R$509.7M | R$554.5M | R$536.8M | R$599.0M | R$482.5M | R$488.0M | R$410.7M | R$385.1M | R$369.8M | R$407.6M |
| EBITDA | R$2.24B | R$2.38B | R$2.59B | R$2.49B | R$2.09B | R$2.11B | R$1.77B | R$1.95B | R$1.68B | R$971.5M | R$910.0M | R$1.64B |
| Gross margin | 51.5% | 51.2% | 51.3% | 51.3% | 50.7% | 48.3% | 48.3% | 47.5% | 48.7% | 48.8% | 47.6% | 14.5% |
| Operating margin | 36.2% | 37.3% | 39.0% | 38.4% | 36.8% | 33.8% | 32.4% | 37.0% | 33.9% | 34.8% | 34.4% | 57.7% |
| Net margin | 11.3% | 11.4% | 9.6% | 11.3% | 11.0% | 12.0% | 11.5% | 11.4% | 10.4% | 10.2% | 10.0% | 17.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported in PAGS's financial statements (latest annual report filed April 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PAGS financial results
In fiscal year 2025 (ended December 31, 2025), PagSeguro Digital reported revenue of R$19.4 billion, up 5.6% from the year before. It had net income of R$2.1 billion (down 1.9%), a net profit margin of 10.7%. Over five years revenue grew at an average rate of 23.7% a year. Figures are in Brazilian reais, the currency of its financial statements.
See the PAGS stock overview for the latest quote and news, or the PAGS chart for price history and technical indicators.
PAGS income statement FAQ
What is PagSeguro Digital's annual revenue?
PagSeguro Digital reported total revenue of R$19.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 5.6% from R$18.3 billion the previous year.
Is PagSeguro Digital profitable?
Yes. PagSeguro Digital reported net income of R$2.1 billion in fiscal 2025, a net profit margin of 10.7%; its operating margin was 37.5%.
What is PagSeguro Digital's gross margin?
PagSeguro Digital's gross margin was 50.6% in fiscal 2025: for every $100 of revenue, PagSeguro Digital kept $51 after the direct cost of its products and services.
How fast is PagSeguro Digital growing?
Revenue grew 23.7% a year on average over the last five fiscal years, from R$6.7 billion to R$19.4 billion.
When will PagSeguro Digital report its next earnings?
PagSeguro Digital is expected to report results for the quarter ending September 30, 2026 on November 11, 2026 after the market closes.
When does PagSeguro Digital's fiscal year end?
PagSeguro Digital's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 29, 2026.