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Financial statements

PagSeguro Digital Ltd. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data PagSeguro Digital Ltd. files with the SEC in its annual reports.

In BRL millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2015FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2022FY2024
Revenue6751,1382,5234,3355,7076,81510,44915,33515,94818,810
Cost of revenue3826241,3242,1452,7623,7725,7767,4718,133
Gross profit2925151,1992,1902,9453,0424,6737,8647,816
Selling and marketing1632002463515656171,5241,9461,4301,860
General and administrative61.184.5153582427564878669733972
Interest expense1097913,1523,2703,747
Interest income2193928191,4152,0312,1773,5146,2536,6539,150
Pre-tax income40.31556841,2181,9131,7751,4881,7592,0172,380
Income tax-4.8327.6205307546482322255363264
Net income to minority interests0.410.590.011.141.430.640.1800
Net income35.11274799091,3661,2921,1661,5051,6542,116
EPS, basic0.130.481.833.923.534.605.146.70
EPS, diluted0.130.481.832.864.153.923.534.605.146.70

Balance sheet

FY2015FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2022FY2024
Cash and equivalents6.898066.82,7631,4041,6401,7941,8292,899928
Short-term investments1312101,3509807831,103783488
Receivables1,7163,5228,10510,47716,04323,42936,24941,757
Inventory2161.688.661.930.449.513.333.51.64
Total current assets2,2714,02811,04213,54819,24726,71939,76748,72964,621
Property, plant and equipment4.5610.967.14001,8032,2892,4932,4512,572
Intangible assets86.1159
Total assets2,3704,23611,41714,58222,32431,07645,32955,10872,901
Accounts payable61.792.4165256336578449514663
Short-term debt01,00601894,522
Total current liabilities1,7193,3194,7115,89311,57419,00329,74034,43242,744
Lease liabilities51.539.981.172
Total liabilities1,7443,3654,8436,56712,99720,57433,48741,86758,232
Total debt205001,00601894,522
Retained earnings9092,2753,5674,7336,2377,89110,007
Shareholders' equity8676,5517,9939,31510,502
Minority interests03.523.822.412.10
Total equity4626278706,5748,0159,32710,50211,84213,24114,668
Total liabilities and equity2,3704,23611,41714,58222,32431,07645,32955,10872,901

Cash flow statement

FY2015FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2022FY2024
Net income35.51284799101,3671,2921,1661,5051,6542,116
Depreciation and amortization18.931.251.695.41283767691,1311,3561,601
Cash from operations47.677454-1,7634892,1538983,5494,000-3,416
Capital expenditures3.22-2-7.87-61.6-333-1,523-972-1,096-952-1,132
Cash from investing-41.9-203-207-44.3-1,830-1,861-1,471-2,185-2,704-1,830
Debt issued01990001,0122503008,883
Debt repaid00-199000-1,213-100-4,723
Share buybacks-39.5-1.74-44.8-258-291-399-784
Dividends paid0.17-239
Cash from financing0199-2604,504-18-55.1727-1,330-2263,275
Net change in cash5.6973.1-13.22,696-1,35923615434.71,070-1,971
Free cash flow50.875446-1,825155630-74.32,4533,048-4,548
Interest paid009.180
Income taxes paid4.76-8.58-8.06-31.81.4834.411.5-25.8-12795.4

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Pre-tax margin12.7%Pre-tax income / revenue.
Net margin11.3%Net income / revenue.
FCF margin-24.2%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-18.2%Cash from operations / revenue.
Effective tax rate11.1%Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)3.3%Net income / average total assets.
Capex / revenue6.0%Capital expenditures / revenue.
D&A / revenue8.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y17.9%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y21.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y26.9%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y28.0%Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y22.0%Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y9.2%Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y30.3%EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y23.8%Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y10.1%Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y-185.4%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-249.2%Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y32.3%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y32.9%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y38.0%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.51xCurrent assets / current liabilities.
Quick ratio0.03x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.03x(Cash + short-term investments) / current liabilities.
Debt / assets6.2%Total debt / total assets.
Liabilities / assets79.9%Total liabilities / total assets.
Net debtR$3.11BTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capitalR$21.88BCurrent assets - current liabilities.

Efficiency

MetricValueHow it is calculated
Asset turnover0.29xRevenue / average total assets.
Fixed asset turnover7.49xRevenue / average property, plant and equipment.
FCF conversion-214.9%Free cash flow / net income, when net income is positive.

Per share

MetricValueHow it is calculated
EPS, dilutedR$6.70Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basicR$6.70Net income per basic share, as reported (split-adjusted).
What was PagSeguro Digital Ltd.'s revenue in fiscal 2024?

PagSeguro Digital Ltd. reported revenue of R$18.81B for fiscal 2024, 17.9% higher than the year before.

Was PagSeguro Digital Ltd. profitable in fiscal 2024?

Yes. Net income was R$2.12B, a net margin of 11.3%.

How much free cash flow did PagSeguro Digital Ltd. generate in fiscal 2024?

Cash from operations of R$3.42B minus capital expenditures of R$1.13B left free cash flow of -R$4.55B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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