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Stone delivers a consistent quarter with strong TPV growth and advancements in credit and banking

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StoneCo (Nasdaq: STNE, B3: STOC31) reported strong Q2 2024 results, with adjusted net income of R$ 497 million, up 54% year-over-year. Total revenue reached R$ 3.2 billion, an 8% increase from the previous year. The company's financial services segment saw an 11% revenue growth to R$ 2.8 billion, with Total Payment Volume (TPV) from SMEs growing 25% year-over-year. The SME client base expanded by 30% to 3.9 million active payment clients. Stone's banking platform experienced significant growth, with a 62% increase in client base to 2.7 million and a 65% rise in deposits to R$ 6.5 billion. The credit portfolio grew 32% quarter-over-quarter to R$ 712 million. The software segment's revenue remained stable at R$ 384 million. Stone's CEO, Pedro Zinner, highlighted the company's progress in building a comprehensive ecosystem for Brazilian SMEs and the execution of a R$ 1 billion share buyback program.

StoneCo (Nasdaq: STNE, B3: STOC31) ha riportato risultati solidi per il secondo trimestre del 2024, con un utile netto rettificato di R$ 497 milioni, in aumento del 54% rispetto all'anno precedente. Il fatturato totale ha raggiunto R$ 3,2 miliardi, con un incremento dell'8% rispetto all'anno scorso. Il segmento dei servizi finanziari della società ha registrato una crescita del fatturato dell'11%, raggiungendo R$ 2,8 miliardi, con un volume totale dei pagamenti (TPV) delle PMI in crescita del 25% su base annua. La base clienti delle PMI è aumentata del 30%, raggiungendo 3,9 milioni di clienti attivi. La piattaforma bancaria di Stone ha mostrato una crescita significativa, con un aumento del 62% della base clienti, arrivando a 2,7 milioni, e un incremento del 65% nei depositi, per un totale di R$ 6,5 miliardi. Il portafoglio crediti è cresciuto del 32% rispetto al trimestre precedente, arrivando a R$ 712 milioni. I ricavi del segmento software sono rimasti stabili a R$ 384 milioni. Il CEO di Stone, Pedro Zinner, ha evidenziato i progressi dell'azienda nella costruzione di un ecosistema completo per le PMI brasiliane e l'esecuzione di un programma di riacquisto di azioni da R$ 1 miliardo.

StoneCo (Nasdaq: STNE, B3: STOC31) informó resultados sólidos para el segundo trimestre de 2024, con un ingreso neto ajustado de R$ 497 millones, un aumento del 54% en comparación con el año anterior. Los ingresos totales alcanzaron R$ 3.2 mil millones, un incremento del 8% con respecto al año pasado. El segmento de servicios financieros de la empresa experimentó un crecimiento del 11% en ingresos, alcanzando R$ 2.8 mil millones, con un volumen total de pagos (TPV) de las pymes en crecimiento del 25% interanual. La base de clientes de pymes se expandió en un 30%, alcanzando 3.9 millones de clientes de pago activos. La plataforma bancaria de Stone experimentó un crecimiento significativo, con un aumento del 62% en la base de clientes, llegando a 2.7 millones, y un incremento del 65% en los depósitos, sumando R$ 6.5 mil millones. La cartera de crédito creció un 32% trimestre a trimestre, alcanzando R$ 712 millones. Los ingresos del segmento de software se mantuvieron estables en R$ 384 millones. El CEO de Stone, Pedro Zinner, destacó el progreso de la compañía en la construcción de un ecosistema integral para las pymes brasileñas y la ejecución de un programa de recompra de acciones de R$ 1 mil millones.

스톤코 (Nasdaq: STNE, B3: STOC31)는 2024년 2분기 실적을 발표하며, 조정된 순이익 4억 9,700만 레알을 기록하여 지난해 대비 54% 증가했습니다. 총 수익은 32억 레알에 도달했으며, 이는 작년보다 8% 증가한 수치입니다. 회사의 금융 서비스 부문은 11%의 수익 성장을 보이며 28억 레알에 이르렀고, SME에서의 총 결제량 (TPV)은 지난해 대비 25% 성장했습니다. SME 고객 기반은 30% 증가하여 390만 명의 활성 결제 고객으로 확대되었습니다. 스톤의 은행 플랫폼은 고객 기반이 62% 늘어나 270만 명에 달하고, 예치금이 65% 증가하여 65억 레알에 이르렀습니다. 신용 포트폴리오는 분기 대비 32% 증가하여 7억 1,200만 레알에 달했습니다. 소프트웨어 부문의 수익은 3억 8,400만 레알로 안정적으로 유지되었습니다. 스톤의 CEO인 페드로 지너는 브라질 SME를 위한 포괄적인 생태계 구축에서의 회사의 발전과 10억 레알 규모의 자사주 매입 프로그램의 실행을 강조했습니다.

StoneCo (Nasdaq: STNE, B3: STOC31) a annoncé de solides résultats pour le deuxième trimestre 2024, avec un revenu net ajusté de 497 millions de R$, en hausse de 54% par rapport à l'année précédente. Le chiffre d'affaires total a atteint 3,2 milliards de R$, soit une augmentation de 8% par rapport à l'année dernière. Le segment des services financiers de l'entreprise a connu une croissance des revenus de 11% pour atteindre 2,8 milliards de R$, avec un volume total des paiements (TPV) des PME en hausse de 25% d'une année sur l'autre. La base de clients des PME s'est élargie de 30% pour atteindre 3,9 millions de clients de paiement actifs. La plateforme bancaire de Stone a connu une croissance significative, avec une augmentation de 62% de la base de clients pour atteindre 2,7 millions et une hausse de 65% des dépôts pour atteindre 6,5 milliards de R$. Le portefeuille de crédits a crû de 32% d'un trimestre à l'autre pour atteindre 712 millions de R$. Les revenus du segment logiciel sont restés stables à 384 millions de R$. Le PDG de Stone, Pedro Zinner, a souligné les progrès réalisés par l'entreprise dans la construction d'un écosystème complet pour les PME brésiliennes et l'exécution d'un programme de rachat d'actions de 1 milliard de R$.

StoneCo (Nasdaq: STNE, B3: STOC31) gab starke Ergebnisse für das zweite Quartal 2024 bekannt, mit einem bereinigten Nettogewinn von 497 Millionen R$, was einem Anstieg von 54% im Vergleich zum Vorjahr entspricht. Der Gesamtumsatz erreichte 3,2 Milliarden R$, ein Anstieg von 8% im Vergleich zum Vorjahr. Das Finanzdienstleistungssegment des Unternehmens verzeichnete ein Umsatzwachstum von 11% auf 2,8 Milliarden R$, wobei das Gesamte Zahlungsvolumen (TPV) von KMU um 25% im Jahresvergleich wuchs. Die Kundenbasis der KMU wuchs um 30% auf 3,9 Millionen aktive Zahlungskunden. Die Bankplattform von Stone erlebte ein signifikantes Wachstum, mit einem Anstieg der Kundenbasis um 62% auf 2,7 Millionen und einem Anstieg der Einlagen um 65% auf 6,5 Milliarden R$. Das Kreditportfolio wuchs im Vergleich zum Vorquartal um 32% auf 712 Millionen R$. Die Einnahmen aus dem Softwaresegment blieben stabil bei 384 Millionen R$. Der CEO von Stone, Pedro Zinner, hob die Fortschritte des Unternehmens beim Aufbau eines umfassenden Ökosystems für brasilianische KMU und die Durchführung eines Aktienrückkaufprogramms über 1 Milliarde R$ hervor.

Positive
  • Adjusted net income increased by 54% year-over-year to R$ 497 million
  • Total revenue grew by 8% to R$ 3.2 billion
  • Total Payment Volume (TPV) from SMEs grew by 25% year-over-year
  • SME client base expanded by 30% to 3.9 million active payment clients
  • Banking platform client base grew by 62% to 2.7 million
  • Deposits increased by 65% to R$ 6.5 billion compared to Q2 2023
  • Credit portfolio grew by 32% quarter-over-quarter to R$ 712 million
  • Executed nearly R$ 1 billion in share buybacks
Negative
  • Software segment revenue remained flat year-over-year at R$ 384 million

Stone's Q2 performance demonstrates robust financial health and strategic execution. The 54% YoY increase in adjusted net income to R$ 497 million and 46% growth in adjusted EBT to R$ 652 million are standout metrics, indicating improved profitability. The 25% YoY growth in SME TPV and 30% expansion of the SME client base showcase Stone's strong market penetration in a key segment.

The banking platform's 62% client base growth and 65% increase in deposits highlight successful cross-selling efforts. However, the flat software segment revenue warrants attention. The R$ 1 billion share buyback signals management's confidence but may impact future cash positions. Overall, Stone's diversified growth across payments, banking and credit bodes well for sustained performance.

Stone's Q2 results reflect a strategic focus on the SME market, a rapidly growing segment in Brazil's digital payments landscape. The 25% YoY growth in SME TPV, including PIX transactions, indicates Stone's successful adaptation to evolving payment preferences. The 7 bps increase in take rate suggests improved monetization without sacrificing growth.

The substantial growth in banking clients and deposits (62% and 65% respectively) points to effective cross-selling and a deepening relationship with customers. This multi-product strategy could lead to higher customer lifetime value and reduced churn. However, the flat software segment revenue highlights a potential area for improvement in Stone's ecosystem approach. The company's ability to integrate and grow this segment will be important for maintaining its competitive edge in the fintech space.

  • Adjusted net income was R$ 497 million, a 54% increase compared to the same period last year
  • Adjusted EBT of R$ 652 million increased by 46% compared to the second quarter of 2023
  • Total Payment Volume (TPV) of SMEs had an annual growth of 25%, also considering PIX transactions

SÃO PAULO, Aug. 15, 2024 /PRNewswire/ -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) delivered a strong second quarter, marked by solid TPV growth and continued advancements in Credit and Banking. The company reported adjusted net income of R$ 497 million, a 54% increase over the same period last year. Total revenue reached R$ 3.2 billion, an 8% year-over-year growth. Adjusted net cash stood at R$ 5.3 billion, an increase of R$ 117 million in the quarter and R$ 900 million in the year. Adjusted EBT of R$ 652 million represents a 46% increase compared to 2Q23, with an adjusted EBT margin of 20.3%.

In the second quarter, financial services revenue reached R$ 2.8 billion, 11% higher than the previous year, with Total Payment Volume (TPV) from SME (small and medium-sized enterprises) clients growing by 25% year over year, including PIX QR Code processed volume. The segment showed a 7 bps increase in take rate year over year, and the SME client base grew by 30% annually, reaching 3.9 million active payment clients.

The Banking platform saw a 62% growth in its client base, reaching 2.7 million in the quarter, with deposits totaling R$ 6.5 billion, a 65% increase compared to the same period in 2023. In the credit solution, Working Capital and Credit Card products grew by 32% quarter over quarter, reaching a portfolio of R$ 712 million. In the software segment, revenue remained stable year over year at R$ 384 million, and Adjusted EBITDA reached R$ 64 million in 2Q24, with an adjusted margin of 16.7%.

"In 2Q24, we continued to advance our strategic priorities, building an increasingly comprehensive ecosystem of solutions for Brazilian small and medium-sized entrepreneurs. In light of our consistent results trajectory and long-term commitment, coupled with the more volatile dynamics of the capital markets, we allocated resources to execute nearly the entirety of the company's buyback program approved in 2023, totaling R$ 1 billion," said Pedro Zinner, CEO of Stone.

About Stone
A financial technology company offering a complete platform of solutions designed to improve the lives of Brazilian entrepreneurs by helping them sell more, manage their businesses better, and achieve continuous growth. Through technology and innovation, Stone contributes to the strengthening and evolution of the market. With clients across Brazil, the company fosters close and personalized relationships with each merchant it serves.

Cision View original content:https://www.prnewswire.com/news-releases/stone-delivers-a-consistent-quarter-with-strong-tpv-growth-and-advancements-in-credit-and-banking-302223901.html

SOURCE StoneCo. Ltd

FAQ

What was StoneCo's (STNE) adjusted net income in Q2 2024?

StoneCo's adjusted net income in Q2 2024 was R$ 497 million, representing a 54% increase compared to the same period last year.

How much did StoneCo's (STNE) Total Payment Volume (TPV) from SMEs grow in Q2 2024?

StoneCo's Total Payment Volume (TPV) from SMEs grew by 25% year-over-year in Q2 2024, including PIX transactions.

What was the growth in StoneCo's (STNE) banking platform client base in Q2 2024?

StoneCo's banking platform client base grew by 62% in Q2 2024, reaching 2.7 million clients.

How much did StoneCo (STNE) spend on share buybacks?

StoneCo executed nearly the entirety of its R$ 1 billion share buyback program approved in 2023.

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