Picpay Holdings Netherlands N.V. Class A Common Shares (PICS) Income Statement
PICS 2025 at a glance
Fiscal year ended December 31, 2025 · Brazilian reaisPICS revenue and net income
Where PICS's revenue goes
2025Each bar shows an amount and its share of revenue. PICS kept 10.6% of revenue as net income.
PICS profit margins
PICS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +98.2% | +50.4% | — | — |
| Gross profit | +80.9% | +43.6% | — | — |
| Operating income | +1,067.8% | — | — | — |
| Net income | +401.7% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PICS income statement in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | R$10.28B | R$5.19B | R$3.07B | R$3.02B | R$1.22B |
| Cost of revenue | R$4.98B | R$2.30B | R$1.22B | R$1.26B | R$445.4M |
| Gross profit | R$5.22B | R$2.89B | R$1.85B | R$1.76B | R$778.4M |
| Sales, general & admin | R$2.25B | R$1.64B | R$1.31B | R$1.56B | R$1.75B |
| Total operating expenses | R$4.12B | R$2.54B | R$1.85B | R$2.46B | R$2.68B |
| Operating income | R$4.04B | R$346.0M | R$1.7M | −R$698.9M | −R$1.90B |
| Interest income | R$0 | R$0 | R$0 | R$0 | R$0 |
| Interest expense | R$3.46B | R$1.41B | R$1.20B | R$1.26B | R$445.4M |
| Income before taxes | R$317.3M | R$346.0M | R$1.7M | −R$698.9M | −R$1.90B |
| Income taxes | −R$824.3M | R$94.2M | −R$35.7M | −R$6.0M | −R$387,000 |
| Net income | R$1.09B | R$217.6M | R$34.5M | −R$45.7M | −R$1.56B |
| EBITDA | R$753.9M | R$638.9M | R$171.1M | −R$624.5M | −R$1.85B |
| Gross margin | 50.8% | 55.7% | 60.3% | 58.3% | 63.6% |
| Operating margin | 39.3% | 6.7% | 0.1% | −23.1% | −155.3% |
| Net margin | 10.6% | 4.2% | 1.1% | −1.5% | −127.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$4.12B | R$3.51B | R$1.90B | R$2.62B | R$2.32B | R$2.06B | R$1.67B | R$1.31B | R$1.17B | R$1.14B | R$951.9M | R$941.7M |
| Cost of revenue | R$486.0M | R$497.3M | R$1.46B | R$1.64B | R$1.45B | R$444.8M | R$910.1M | R$536.1M | R$433.6M | R$305.8M | R$816.0M | R$118.9M |
| Gross profit | R$3.64B | R$3.02B | R$1.90B | R$980.2M | R$870.2M | R$1.62B | R$764.2M | R$771.5M | R$732.9M | R$830.7M | −R$264.9M | R$822.8M |
| Research & development | — | R$238.7M | — | — | — | R$171.9M | — | — | — | R$94.5M | R$176.2M | R$85.4M |
| Sales, general & admin | R$701.9M | R$628.1M | R$760.1M | R$506.3M | R$511.7M | R$477.7M | R$464.2M | R$360.3M | R$406.6M | R$447.4M | R$415.7M | R$340.2M |
| Total operating expenses | R$1.95B | R$1.50B | R$1.90B | R$812.3M | R$764.2M | R$861.4M | R$701.5M | R$648.5M | R$623.6M | R$541.9M | R$598.2M | R$425.6M |
| Operating income | R$292.7M | R$1.51B | R$46.5M | R$167.9M | R$106.1M | R$757.7M | R$62.8M | R$123.0M | R$109.3M | R$288.8M | −R$30.3M | R$397.2M |
| Interest income | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | — | — | — |
| Interest expense | R$1.50B | R$915.5M | R$983.9M | R$1.01B | R$836.6M | R$639.9M | R$426.6M | R$345.4M | R$319.4M | R$322.5M | R$288.1M | R$305.2M |
| Income before taxes | R$268.4M | R$221.7M | −R$33.2M | R$167.9M | R$106.1M | R$76.6M | R$62.8M | R$123.0M | R$109.3M | R$51.0M | −R$30.3M | R$20.6M |
| Income taxes | −R$630,000 | R$70.0M | −R$861.1M | R$62.5M | −R$14.2M | −R$11.5M | −R$17.1M | R$12.8M | R$52.7M | R$45.8M | −R$55.9M | R$11.2M |
| Net income | R$269.0M | R$151.4M | R$821.1M | R$93.3M | R$104.1M | R$73.0M | R$66.7M | R$94.4M | R$51.7M | R$4.8M | R$23.4M | R$8.7M |
| EBITDA | R$395.8M | R$1.58B | R$85.0M | R$282.9M | R$213.2M | R$164.1M | R$180.9M | R$208.5M | R$170.1M | R$390.3M | R$35.6M | R$348.7M |
| Gross margin | 88.2% | 85.8% | 100.0% | 37.4% | 37.5% | 78.4% | 45.6% | 59.0% | 62.8% | 73.1% | −27.8% | 87.4% |
| Operating margin | 7.1% | 43.0% | 2.5% | 6.4% | 4.6% | 36.7% | 3.7% | 9.4% | 9.4% | 25.4% | −3.2% | 42.2% |
| Net margin | 6.5% | 4.3% | 43.3% | 3.6% | 4.5% | 3.5% | 4.0% | 7.2% | 4.4% | 0.4% | 2.5% | 0.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported in PICS's financial statements (latest annual report filed April 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PICS financial results
In fiscal year 2025 (ended December 31, 2025), Picpay Holdings Netherlands N.V. Class A Common Shares reported revenue of R$10.3 billion, up 98.2% from the year before. It had net income of R$1.1 billion (up 401.7%), a net profit margin of 10.6%. Figures are in Brazilian reais, the currency of its financial statements.
See the PICS stock overview for the latest quote and news, or the PICS chart for price history and technical indicators.
PICS income statement FAQ
What is Picpay Holdings Netherlands N.V. Class A Common Shares's annual revenue?
Picpay Holdings Netherlands N.V. Class A Common Shares reported total revenue of R$10.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 98.2% from R$5.2 billion the previous year.
Is Picpay Holdings Netherlands N.V. Class A Common Shares profitable?
Yes. Picpay Holdings Netherlands N.V. Class A Common Shares reported net income of R$1.1 billion in fiscal 2025, a net profit margin of 10.6%; its operating margin was 39.3%.
What is Picpay Holdings Netherlands N.V. Class A Common Shares's gross margin?
Picpay Holdings Netherlands N.V. Class A Common Shares's gross margin was 50.8% in fiscal 2025: for every $100 of revenue, Picpay Holdings Netherlands N.V. Class A Common Shares kept $51 after the direct cost of its products and services.
When will Picpay Holdings Netherlands N.V. Class A Common Shares report its next earnings?
Picpay Holdings Netherlands N.V. Class A Common Shares is expected to report results for the quarter ending September 30, 2026 on November 23, 2026.
When does Picpay Holdings Netherlands N.V. Class A Common Shares's fiscal year end?
Picpay Holdings Netherlands N.V. Class A Common Shares's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 30, 2026.