PagSeguro Digital Ltd. (PAGS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PAGS SEC filings page.
PagSeguro Digital Ltd. (PAGS) reported $3.7B in revenue for fiscal year 2025, up 22.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (20-F and 6-K reports).
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of PagSeguro Digital Ltd.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
PagSeguro Digital Ltd.'s revenue surged 22.5% year-over-year to $3.7B, reflecting rapid business expansion. This strong growth earns a score of 54/100.
PagSeguro Digital Ltd. carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 78/100, indicating a strong balance sheet with room for future borrowing.
PagSeguro Digital Ltd.'s current ratio of 1.36 indicates adequate short-term liquidity, earning a score of 37/100. The company can meet its near-term obligations, though with limited headroom.
PagSeguro Digital Ltd. converts 32.0% of revenue into free cash flow ($1.2B). This strong cash generation earns a score of 72/100.
PagSeguro Digital Ltd. earns a strong 14.5% return on equity (ROE), meaning it generates $14 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 90/100. This is up from 14.4% the prior year.
PagSeguro Digital Ltd. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, PagSeguro Digital Ltd. generates $3.57 in operating cash flow ($1.4B OCF vs $386.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
PagSeguro Digital Ltd. generated $3.7B in revenue in fiscal year 2025. This represents an increase of 22.5% from the prior year.
PagSeguro Digital Ltd. reported $386.8M in net income in fiscal year 2025. This represents an increase of 13.0% from the prior year.
PagSeguro Digital Ltd. earned $1.30 per diluted share (EPS) in fiscal year 2025. This represents an increase of 21.2% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
PagSeguro Digital Ltd. generated $1.2B in free cash flow in fiscal year 2025, representing cash available after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
PagSeguro Digital Ltd. held $339.1M in cash against $444.9M in long-term debt as of fiscal year 2025, with $8.7B of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
PagSeguro Digital Ltd.'s net profit margin was 10.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.
PagSeguro Digital Ltd.'s ROE was 14.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. That is unchanged from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
PagSeguro Digital Ltd. spent $242.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 91.5% from the prior year.
PagSeguro Digital Ltd. invested $189.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 3.7% from the prior year.
Not reported for fiscal year 2025.
PAGS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.7B+22.5% | $3.0B-7.5% | $3.3B+13.3% | $2.9B+54.8% | $1.9B+42.8% | $1.3B-7.6% | $1.4B+27.1% | $1.1B+46.6% | $761.9M+117.7% | $349.9M+105.3% | $170.5M |
| Cost of Revenue | N/A | N/A | $1.7B+18.6% | $1.4B+36.4% | $1.0B+42.6% | $726.3M+5.7% | $687.3M+24.3% | $552.7M+38.2% | $399.9M+108.6% | $191.7M+98.4% | $96.6M |
| Gross Profit | N/A | N/A | $1.6B+8.3% | $1.5B+77.5% | $838.2M+43.1% | $585.8M-20.1% | $732.8M+29.8% | $564.4M+55.9% | $362.0M+128.8% | $158.2M+114.2% | $73.9M |
| Interest Expense | $954.7M+57.6% | $605.9M-10.1% | $673.8M+13.0% | $596.2M+320.4% | $141.8M+574.3% | $21.0M | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $78.7M+84.7% | $42.6M-43.1% | $74.9M+55.5% | $48.2M-16.6% | $57.7M-37.9% | $92.9M-31.6% | $135.7M+71.4% | $79.2M+28.1% | $61.8M+629.0% | $8.5Mn/m | -$1.2M |
| Net Income | $386.8M+13.0% | $342.2M+0.4% | $340.8M+19.7% | $284.7M+36.1% | $209.2M-15.9% | $248.7M-26.8% | $339.8M+45.0% | $234.3M+62.1% | $144.6M+269.7% | $39.1M+341.2% | $8.9M |
| EPS (Basic) | $1.31+21.0% | $1.08+2.2% | $1.06+21.7% | $0.87 | $0.63-16.2% | $0.76-27.1% | $1.04+40.4% | $0.74+33.9% | $0.55+269.6% | $0.15+341.1% | $0.03 |
| EPS (Diluted) | $1.30+21.2% | $1.07+1.8% | $1.05+21.7% | $0.86 | $0.63-16.5% | $0.75-26.9% | $1.03+40.1% | $0.74+33.7% | $0.55+269.6% | $0.15 | N/A |
| Diluted Shares (Avg) | 298M-6.8% | 320M-1.4% | 324M-1.6% | 329M | 332.17B+0.7% | 329.81B+0.2% | 329.26B+3.5% | 318.13B+21.3% | 262.29B0.0% | 262.29B | N/A |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
PAGS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.6B+15.2% | $11.8B+3.8% | $11.4B+32.4% | $8.6B+53.8% | $5.6B+29.7% | $4.3B+18.5% | $3.6B+23.3% | $2.9B+130.1% | $1.3B+75.5% | $728.6M | N/A |
| Current Assets | $11.9B+13.5% | $10.4B+4.1% | $10.0B+33.5% | $7.5B+57.0% | $4.8B+29.3% | $3.7B+9.9% | $3.4B+18.5% | $2.8B+134.0% | $1.2B+74.2% | $698.0M | N/A |
| Cash & Equivalents | $339.1M+126.1% | $150.0M-74.9% | $597.5M+72.7% | $346.0M+7.5% | $321.9M+1.9% | $315.8M-9.6% | $349.3M-50.9% | $712.1M+3432.3% | $20.2M-18.0% | $24.6M+1313.0% | $1.7M |
| Inventory | $0-100.0% | $266K-96.2% | $6.9M+175.1% | $2.5M-71.7% | $8.9M+51.7% | $5.9M-62.0% | $15.4M-32.5% | $22.8M+22.7% | $18.6M+187.8% | $6.5M | N/A |
| Accounts Receivable | N/A | N/A | $8.6B+25.5% | $6.9B+63.2% | $4.2B+36.0% | $3.1B+18.5% | $2.6B+24.8% | $2.1B+96.4% | $1.1B+101.7% | $527.3M | N/A |
| Goodwill | $579.2M+22.4% | $473.2M-10.7% | $529.9M+29.7% | $408.4M+38.0% | $296.0M+36.8% | $216.4M+47.5% | $146.7M+86.3% | $78.8M+64.2% | $48.0M+81.2% | $26.5M | N/A |
| Total Liabilities | $10.9B+15.9% | $9.4B+9.1% | $8.6B+36.2% | $6.3B+71.7% | $3.7B+47.5% | $2.5B+53.1% | $1.6B+30.9% | $1.2B+22.8% | $1.0B+89.6% | $535.9M | N/A |
| Current Liabilities | $8.7B+26.2% | $6.9B-2.6% | $7.1B+26.1% | $5.6B+65.1% | $3.4B+52.9% | $2.2B+52.0% | $1.5B+20.8% | $1.2B+21.1% | $1.0B+89.6% | $528.5M | N/A |
| Non-Current Liabilities | $2.2B-12.6% | $2.5B+63.4% | $1.5B+116.2% | $708.8M+151.6% | $281.7M+2.9% | $273.9M+63.3% | $167.8M+392.7% | $34.0M+143.1% | $14.0M+86.9% | $7.5M | N/A |
| Long-Term Debt | $444.9M-39.1% | $731.2M+1772.8% | $39.0M | N/A | $180.4Mn/m | $0 | N/A | N/A | $0-100.0% | $63.1M | N/A |
| Total Equity | $2.7B+12.7% | $2.4B-13.1% | $2.7B+21.8% | $2.2B+18.9% | $1.9B+5.0% | $1.8B-9.8% | $2.0B+17.8% | $1.7B+545.0% | $261.7M+35.8% | $192.7M+65.2% | $116.7M |
| Retained Earnings | $2.1B+27.8% | $1.6B-0.5% | $1.6B+37.8% | $1.2B+39.0% | $848.9M+23.6% | $686.7M+21.3% | $566.0M+141.6% | $234.3M | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
PAGS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.4Bn/m | -$552.4M-167.0% | $824.3M+22.8% | $671.4M+316.8% | $161.1M-61.1% | $414.5M+240.8% | $121.6Mn/m | -$454.4M-431.8% | $137.0M+478.7% | $23.7M+96.9% | $12.0M |
| Depreciation & Amortization | $330.0M+27.5% | $258.9M-7.3% | $279.4M+30.6% | $213.9M+55.2% | $137.9M+90.3% | $72.5M+126.9% | $31.9M+29.9% | $24.6M | N/A | N/A | N/A |
| Capital Expenditures | $189.9M+3.7% | $183.0M-6.7% | $196.1M-5.4% | $207.4M+18.9% | $174.4M-40.5% | $293.2M+253.5% | $82.9M+422.9% | $15.9M+567.4% | $2.4M+287.4% | $614K-24.5% | $813K |
| Free Cash Flow | $1.2Bn/m | -$735.5M-217.1% | $628.2M+35.4% | $464.0Mn/m | -$13.3M-111.0% | $121.3M+213.7% | $38.7Mn/m | -$470.3M-449.4% | $134.6M+483.8% | $23.1M+105.7% | $11.2M |
| Investing Cash Flow | -$419.9Mn/m | -$295.9Mn/m | -$557.2Mn/m | -$413.3Mn/m | -$263.9Mn/m | -$358.4Mn/m | -$455.4Mn/m | -$11.4Mn/m | -$62.6Mn/m | -$62.5Mn/m | -$10.6M |
| Financing Cash Flow | -$791.1M-249.4% | $529.6Mn/m | -$46.6Mn/m | -$251.6M-292.8% | $130.4Mn/m | -$10.6Mn/m | -$4.5M-100.4% | $1.2Bn/m | -$78.4M-227.9% | $61.3Mn/m | $0 |
| Dividends Paid | $112.7M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $242.9M+91.5% | $126.9M+54.1% | $82.3M+49.3% | $55.1M+7.9% | $51.1M+492.6% | $8.6M+1897.1% | $432K-95.8% | $10.2M | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation.
PAGS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | 49.0%-2.3pp | 51.3%+6.6pp | 44.7%+0.1pp | 44.6%-7.0pp | 51.6%+1.1pp | 50.5%+3.0pp | 47.5%+2.3pp | 45.2%+1.9pp | 43.3% |
| Net Margin | 10.4%-0.9pp | 11.3%+0.9pp | 10.4%+0.6pp | 9.8%-1.3pp | 11.2%-7.8pp | 18.9%-5.0pp | 23.9%+3.0pp | 21.0%+2.0pp | 19.0%+7.8pp | 11.2%+6.0pp | 5.2% |
| Return on Equity | 14.5%0.0pp | 14.4%+1.9pp | 12.5%-0.2pp | 12.7%+1.6pp | 11.1%-2.8pp | 13.9%-3.2pp | 17.1%+3.2pp | 13.9%-41.3pp | 55.2%+34.9pp | 20.3%+12.7pp | 7.6% |
| Return on Assets | 2.9%-0.1pp | 2.9%-0.1pp | 3.0%-0.3pp | 3.3%-0.4pp | 3.8%-2.0pp | 5.8%-3.6pp | 9.4%+1.4pp | 8.0%-3.3pp | 11.3%+5.9pp | 5.4% | N/A |
| Current Ratio | 1.36-0.2x | 1.51+0.1x | 1.42+0.1x | 1.34-0.1x | 1.41-0.3x | 1.66-0.6x | 2.300.0x | 2.34+1.1x | 1.21-0.1x | 1.32 | N/A |
| Debt-to-Equity | 0.17-0.1x | 0.31+0.3x | 0.01 | N/A | 0.10+0.1x | 0.00 | N/A | N/A | 0.00-0.3x | 0.33 | N/A |
| Liabilities-to-Equity | 4.08+0.1x | 3.97+0.8x | 3.16+0.3x | 2.83+0.9x | 1.96+0.6x | 1.40+0.6x | 0.82+0.1x | 0.74-3.1x | 3.88+1.1x | 2.78 | N/A |
| Asset Turnover | 0.270.0x | 0.260.0x | 0.290.0x | 0.340.0x | 0.340.0x | 0.31-0.1x | 0.390.0x | 0.38-0.2x | 0.60+0.1x | 0.48 | N/A |
| FCF Margin | 32.0%+56.1pp | -24.2%-43.3pp | 19.1%+3.1pp | 16.0%+16.7pp | -0.7%-9.9pp | 9.2%+6.5pp | 2.7%+44.8pp | -42.1%-59.8pp | 17.7%+11.1pp | 6.6%0.0pp | 6.6% |
Not reported in any period shown, so not listed: Operating Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| PagSeguro Digital Ltd. PAGS | FY2025 | $3.7B | $386.8M | 10.4% | $2.2B | 70/100 |
| Euronet Worldwide Inc EEFT | FY2025 | $4.2B | $309.5M | 7.3% | $2.6B | 66/100 |
| LiveRamp Holdings, Inc. RAMP | FY2026 | $812.9M | $146.0M | 17.9% | $2.3B | 61/100 |
| Calix, Inc. CALX | FY2025 | $1.0B | $17.9M | 1.8% | $2.1B | 51/100 |
| Payoneer Global Inc. PAYO | FY2025 | $1.1B | $73.2M | 7.0% | $2.4B | 50/100 |
| Flywire Corporation FLYW | FY2025 | $623.0M | $13.5M | 2.2% | $2.7B | 56/100 |
Where PagSeguro Digital Ltd. Ranks
Frequently Asked Questions
PagSeguro Digital Ltd. (PAGS) reported $3.7B in total revenue for fiscal year 2025. This represents a 22.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
PagSeguro Digital Ltd. (PAGS) revenue grew by 22.5% year-over-year, from $3.0B to $3.7B in fiscal year 2025.
Yes, PagSeguro Digital Ltd. (PAGS) reported a net income of $386.8M in fiscal year 2025, with a net profit margin of 10.4%.
As of fiscal year 2025, PagSeguro Digital Ltd. (PAGS) had $339.1M in cash and equivalents against $444.9M in long-term debt.
PagSeguro Digital Ltd. (PAGS) had a net profit margin of 10.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
PagSeguro Digital Ltd. (PAGS) has a return on equity of 14.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
PagSeguro Digital Ltd. (PAGS) generated $1.2B in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
PagSeguro Digital Ltd. (PAGS) generated $1.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
PagSeguro Digital Ltd. (PAGS) had $13.6B in total assets as of fiscal year 2025, including both current and long-term assets.
PagSeguro Digital Ltd. (PAGS) invested $189.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
PagSeguro Digital Ltd. (PAGS) had a current ratio of 1.36 as of fiscal year 2025, which is considered adequate.
PagSeguro Digital Ltd. (PAGS) had a debt-to-equity ratio of 0.17 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
PagSeguro Digital Ltd. (PAGS) had a liabilities-to-equity ratio of 4.08 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
PagSeguro Digital Ltd. (PAGS) had a return on assets of 2.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
PagSeguro Digital Ltd. (PAGS) trades at 5.6x earnings, its market capitalization divided by $386.8M net income, FY2025. The market capitalization is $2.2B as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
PagSeguro Digital Ltd. (PAGS) trades at 0.6x sales, its market capitalization divided by $3.7B revenue, FY2025. The market capitalization is $2.2B as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
PagSeguro Digital Ltd. (PAGS) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
PagSeguro Digital Ltd. (PAGS) has an earnings quality ratio of 3.57x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
PagSeguro Digital Ltd. (PAGS) scores 70 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.