StoneCo Ltd. (NASDAQ: STNE) filed its audited annual report for the fiscal year ended December 31, 2025 on Form 20‑F with the U.S. Securities and Exchange Commission on April 23, 2026. The filing, posted on the SEC website and the company’s Investor Relations portal, delivers the first official disclosure of StoneCo’s 2025 financial performance.
The 2025 results show a dramatic turnaround from the prior year. Net income rose to R$2,339.2 million (US$425.1 million), and adjusted net income climbed to R$2,477.2 million. The rebound is largely attributable to the divestiture of loss‑making software assets, which removed a negative operating impact and allowed the company to focus on its core payments, banking, and credit businesses.
Revenue for 2025 reached R$14,153.8 million, up from R$10,000 million in 2024, driven by a 12% increase in total payment volume (TPV) to R$560.9 billion and growth in the active client base to 4.8 million. The core payments segment delivered the bulk of the revenue lift, while the legacy software segment saw a decline following the sale of the Linx unit.
Operating margin expanded to 9.9% from 9.5% in 2024, reflecting improved cost efficiency after the software exit and higher mix of high‑margin payment services. Adjusted operating income rose to R$2,477.2 million, matching the adjusted net income figure and underscoring the company’s ability to convert revenue growth into profitability.
Management highlighted the strategic shift toward core businesses and announced an extraordinary dividend of US$2.53 per share, totaling roughly R$3.08 billion. The dividend reflects confidence in the company’s cash‑generating capacity and signals a commitment to returning value to shareholders after the successful divestiture.
The results surpassed consensus estimates of R$2,200 million for net income, exceeding expectations by about R$140 million. The beat is driven by the elimination of software losses and a robust TPV growth that offset any pricing pressure in the payments market.
The filing also provides guidance for 2026, indicating that StoneCo expects continued growth in TPV and a stable operating margin, while maintaining a focus on cost discipline and strategic investments in technology to support its core payment platform.
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