PAGSNYSEServices-Computer Processing & Data PreparationFiscal year ends December 31
PagSeguro Digital Ltd.
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 29, 2026
$11.13+0.13 (+1.18%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2024
Gross margin
–
Net margin
11.3%−12.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +17.9% | +21.6% | +26.9% | – | |
| Net income | +28.0% | +22.0% | +9.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | 18.8% | – | |
| Return on assets | – | 10.5% | 3.3% | |
| Current ratio | – | 2.30 | 1.51 | |
| Inventory turnover | – | 36.7× | – | |
| Capex to revenue | 0.5% | 5.8% | 6.0% | |
| Diluted shares | 262.29B | 329.26B | 320M |
Where the cash went
Fiscal 2020 to 2024, five years combined
PagSeguro Digital generated 14.02B BRL from operations and spent 7.45B BRL on capital expenditure, dividends and share buybacks. 76% of that went back into the business.
Generated
14.02B BRL
Used
7.45B BRL
Capital expenditure5.67B BRL76%Dividends0 BRL0%Share buybacks1.78B BRL24%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin11.2%
×Asset turnover0.39×
×Equity multiplier2.69×
=Return on equity, FY202111.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2021 | 11.2% | 0.39× | 2.69× | 11.8% |
| FY2020 | 19.0% | 0.37× | 2.13× | 14.9% |
| FY2019 | 23.9% | 0.44× | 1.79× | 18.8% |
| FY2018 | 21.0% | 0.55× | 2.11× | 24.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
4of 7 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero2.12B BRL
- Cash generatingOperating cash flow above zero-3.42B BRL
- Return on assets improvedROA up on the prior year3.6% → 3.8%
- Earnings backed by cashOperating cash flow above net income-3.42B BRL vs 2.12B BRL
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.42 → 1.51
- No dilutionShare count did not rise324M → 320M
- Gross margin improvedGross margin up on the prior year49.01% → –
- More efficientAsset turnover rose0.35 → 0.34