STNENasdaqServices-Computer Processing & Data PreparationUS GAAP · USD

StoneCo Ltd.

StoneCo Ltd. provides financial technology infrastructure for merchants in Brazil, combining payment acceptance, banking services, and credit solutions within a single merchant ecosystem. The company also operates a software-and-services platform for business management and commerce workflows through its Stone ecosystem.

Kysy yhtiöstä
Liikevaihto13,4mrd USD
+16,0 %v/v
Liikevoitto (EBIT)4 713milj. USD
+33,2 %v/v
EBIT-marginaali35,2%
+4,5 %-yks.v/v
Nettotulos2 320milj. USD
+253,1 %v/v
Vapaa kassavirta−512milj. USD
+89,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

051015mrd USD2022: 9,0 mrd USD2022: EBIT 0,55 mrd USD20222023: 10,1 mrd USD2023: EBIT 2,6 mrd USD20232024: 11,6 mrd USD2024: EBIT 3,5 mrd USD20242025: 13,4 mrd USD2025: EBIT 4,7 mrd USD202513,44,7
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Payments45 %

Transaction capture, processing, transmission, and settlement for merchants.

Banking20 %

Merchant accounts, financial services, and cash-management offerings.

Credit15 %

Working capital and revolving credit extended to merchant clients.

Software and SaaS15 %

Business management and commerce software integrated into the merchant ecosystem.

Hardware and Devices5 %

POS devices and related merchant acceptance equipment.

Asiakkaat

StoneCo serves Brazilian merchants that need integrated tools to accept payments, manage day-to-day operations, and access financial services from one provider. Its client base spans small and medium-sized merchants as well as larger merchants that use multiple products across the Stone ecosystem.

Small and medium-sized merchants

Buy payments, banking, and software bundles to simplify commerce and administration.

Larger merchants

Use Stone's payment and financial products for transaction processing and treasury needs.

Credit-seeking merchants

Draw working capital and revolving credit tied to business activity and repayment capacity.

Software users

Adopt business management tools integrated into the Stone ecosystem for operations and client servicing.

Strategia

StoneCo's strategic focus is to be the primary financial partner for Brazilian merchants by combining payments, banking, and credit in a unified offering. It also aims to deepen merchant relationships through bundled products and integrated software tools that increase usage across the ecosystem.

Grow the unified active client baseLyhyt aikaväli

A larger, revenue-generating merchant base improves cross-sell potential across payments, banking, and credit.

Deepen product penetration per merchantKeskipitkä aikaväli

Higher adoption of payments and credit products increases ARPAC and strengthens ecosystem economics.

Maintain integrated merchant platform positioningKeskipitkä aikaväli

An integrated platform improves retention and differentiates StoneCo from single-product providers.

Maantiede

StoneCo's business is centered in Brazil, where it serves merchants across the country through its payments, banking, credit, and software ecosystem. The company is incorporated in the Cayman Islands and listed in the United States, but its commercial exposure is overwhelmingly tied to Brazilian merchants and Brazilian regulatory and economic conditions.

Riskit

StoneCo is exposed to Brazilian merchant spending patterns, credit performance, and regulatory oversight because its products are tightly linked to domestic commerce and lending. The business also faces technology, fraud, and execution risks common to payments platforms, along with accounting complexity from financial instruments, hedging, and disposals.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Brazil concentration1Credit losses and provisioning2Payments processing and fraud risk3Disposal and restructuring complexity4Regulatory approval and compliance5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Brazil concentrationVaikutus: KorkeaTodennäköisyys: Korkea

    Most customers and operating activity are tied to the Brazilian market, so domestic cycles and regulation matter disproportionately.

    KohdistuuMerchant demandCredit growthPayment volumes
  2. Credit losses and provisioningVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company extends working capital and revolving credit to merchants, creating exposure to delinquency and default.

    Kohdistuu: Credit portfolio and loan loss provision expenses

  3. Payments processing and fraud riskVaikutus: KeskitasoTodennäköisyys: Korkea

    Transaction processing depends on secure authorization, settlement, and fraud controls across large merchant volumes.

    Kohdistuu: Card and digital payments operations

  4. Disposal and restructuring complexityVaikutus: KeskitasoTodennäköisyys: Korkea

    Business sales and discontinued operations can create gains, losses, and presentation changes that affect comparability.

    Kohdistuu: Software asset divestitures and related accounting

  5. Regulatory approval and complianceVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Merchant acquiring, banking, and software-related transactions operate in a regulated environment in Brazil.

    KohdistuuLicensingCompetitionTransaction rules

Kirjanpito

Harkinnanvaraiset erät
Net revenue presentation in payments

Revenue is defined net of interchange and scheme fees, so reported growth depends on mix and take rates rather than gross transaction volume alone.

Vaikutus: Can make payments revenue less directly comparable to payment volumes

Credit loss provisions

Merchant lending requires estimates for non-performing loans and loss coverage, affecting earnings and asset values.

Vaikutus: Impacts credit portfolio carrying value and profit volatility

Fair value and hedge accounting

The company records fair value changes on certain financial instruments and recognizes hedge ineffectiveness in profit or loss.

Vaikutus: Can create volatility in OCI and earnings

Discontinued operations and divestitures

Software business disposals generate gains or losses and change which activities are included in continuing results.

Vaikutus: Affects comparability across periods and segment interpretation

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 28.9.2026