StoneCo (STNE) Q4 2025 earnings summary

Executive summary

• Leadership transitioned from Pedro Zinner to Mateus Scherer as CEO, with a focus on simplifying operations and sharpening the core around payments, banking, and credit.

• Software assets (Linx) were divested for over BRL 3 billion to focus on core strengths, with proceeds to be distributed to shareholders in 2026.

• Adjusted EPS grew 33.6% year-over-year to BRL 9.71, and return on equity reached 26% in Q4 2025.

• The company maintained a robust net cash position of BRL 2.6 billion at year-end, despite significant share repurchases.

• Deliberate simplification and disciplined capital allocation supported consistent profitability and execution of business strategy.

Financial highlights

• Adjusted gross profit for FY2025 was BRL 6.319 billion, up 13.5% year-over-year, with a gross margin of 44.6%.

• Adjusted basic EPS was BRL 9.71, up 33.6% year-over-year, exceeding guidance.

• Q4 2025 adjusted net income increased 12.4% year-over-year to BRL 706.9 million; adjusted basic EPS for Q4 was BRL 2.87, up 27%.

• Total revenue and income rose 13% year-over-year to BRL 3.7 billion in Q4.

• MSMB TPV grew 5.3% year-over-year in Q4 2025 to BRL 135.2 billion.

Outlook and guidance

• 2026 adjusted gross profit expected between BRL 6.6–7.0 billion; adjusted basic EPS between BRL 10.8–11.4.

• 2027 guidance: adjusted gross profit BRL 7.2–8.3 billion; adjusted basic EPS BRL 11.8–13.4.

• Guidance assumes BRL 2 billion in buybacks for 2026; Linx proceeds not yet included.

• Priorities for 2026–2027: earnings expansion, scaling credit, and capital return to shareholders.

• Effective tax rate expected in the mid-teens for 2026–2027.