PagBank reaches 34 million customers and reports recurring profit of R$ 678 million, with an ROAE of 18.4% in 4Q25
Rhea-AI Summary
PagBank (NYSE: PAGS) reported 4Q25 recurring net income of R$ 678 million and a recurring ROAE of 18.4%. Customer base reached 34 million; deposits were R$ 40.7 billion (+12.6% y/y). Expanded credit portfolio totaled R$ 49.7 billion, while the credit portfolio reached R$ 4.6 billion (+32.8% y/y).
Working capital loans grew 170.1% y/y. TPV accelerated ~10% sequentially. The company holds a national AAA rating and reiterates an ambition to reach a R$ 25 billion credit portfolio by end-2029.
Positive
- Recurring net income of R$ 678 million in 4Q25
- Recurring ROAE improved to 18.4%
- Deposits grew to R$ 40.7 billion (+12.6% y/y)
- Expanded credit portfolio reached R$ 49.7 billion
- Working capital loans up 170.1% year-over-year
Negative
- High financial cost and lower economic activity remain headwinds
- Core credit portfolio of R$ 4.6 billion remains well below R$ 25 billion 2029 ambition
News Market Reaction – PAGS
In the Mar 5 session, PAGS declined 4.54%, reflecting a moderate negative market reaction. Argus tracked a peak move of +3.6% during that session. Argus tracked a trough of -3.3% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Nov 13 | Quarterly results | Positive | -0.5% | 3Q25 results with higher recurring profit, revenue, loans, and shareholder distributions. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent history shows fundamentally positive quarterly updates followed by muted or slightly negative next-day reactions, suggesting conservative positioning into results.
In 3Q25, PagBank reported recurring net income of BRL 571 million and net revenue of BRL 3.4 billion, with solid growth in deposits and SME credit. Despite this, the stock slipped 0.53% over the next 24 hours, indicating cautious sentiment. Today’s 4Q25 release continues the theme of recurring profitability, credit expansion, and deposit growth, but contrasts with the prior muted price response by showing a stronger upside move ahead of and into these results.
Key Terms
roae financial
tpv financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Digital bank reports
SÃO PAULO, March 5, 2026 /PRNewswire/ -- PagBank (NYSE: PAGS), one of the largest digital banks in
The results of the period demonstrate solid performance and operational acceleration, reflecting discipline in execution and in strengthening the business.
With the most challenging moment of the cycle overcome, even with the high financial cost and lower economic activity, the figures show a recovery that indicates a more favorable scenario for the next periods of PagBank.
"We started 2026 with confidence, while maintaining operational and financial discipline. The macro environment remains challenging, especially regarding the trajectory of interest rates and the level of economic activity. The expected reduction in the basic interest rate, currently at a very high level, can help alleviate the financial cost throughout the year, albeit gradually. We believe that the competition will remain strong, at the same time rational, based on value proposition, product quality, and customer relationship – and not just price," says Gustavo Sechin, CFO of PagBank.
In 4Q25, recurring net income reached R
Deposits totaled
The expanded credit portfolio reached
As previously disclosed, the digital bank has the ambition to reach a credit portfolio of
PagBank ended the period with consistent progress in executing its strategy, combining credit acceleration, a gradual resumption in payments, and strong cost discipline. The concession of working capital for entrepreneurs gained significant traction, reaching about
In payments, the TPV showed sequential acceleration of almost
For Carlos Mauad, CEO of PagBank, "the results of the quarter reflect a disciplined and consistent execution of our strategy. As the bank specialized in Brazilians, we advanced in accelerating credit with quality, gradually resumed the growth of payments, and maintained strict cost control, which resulted in a significant expansion of profitability."
PagBank continues to focus on its main audience – SMEs – by integrating payments, banking, and credit into a complete offer, offering an integrated portfolio of digital solutions that support the daily financial needs of people and businesses, making it simpler, safer, digital, and affordable.
To access PagBank's financial statements at 4Q25, click here.
Forward Looking Statements
This release contains forward-looking statements within the meaning of the
About PagBank
PagBank promotes innovative solutions in financial services and payment methods, automating the process of buying, selling, and transferring to promote the business of any person or company simply and securely. PagBank, a company of the UOL Group -
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SOURCE PagBank