StoneCo stock: Q3 profit drops 15.5% as margins tighten

Published on 11/15/2026 at 13:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

StoneCo stock enters a new phase after third-quarter results showed revenue growth but sharply lower adjusted profit. Credit expanded quickly.

Results show growth and pressure

Revenue and income rose as StoneCo expanded its credit business and payment volumes improved.
Higher loan-loss provisions and operating costs reduced adjusted gross profit and net income.
The active client base reached 5.1 million, while the credit portfolio grew 78.0 percent year over year.

STNE, KYG851581069, Illustration mit AI erstellt.

StoneCo reported third-quarter results on November 12, 2026, for the period ended September 30. In its third-quarter earnings release, the company reported revenue and income of 3,686.1 million Brazilian real, up 3.3 percent from a year earlier.

Margins come under pressure

Adjusted gross profit fell 8.0 percent year over year to 1,475.9 million Brazilian real. The margin narrowed to 40.0 percent from 45.0 percent a year earlier as higher loan-loss provisions and operating costs outweighed the increase in revenue.

Adjusted net income from continuing operations declined 15.5 percent to 542.1 million Brazilian real. Adjusted basic earnings per share fell 2.5 percent to 2.33 Brazilian real, partly cushioned by a lower weighted average share count after StoneCo repurchased shares.

Credit and payments expand

StoneCo's active client base reached 5.1 million, an increase of 5.4 percent from the prior-year quarter. Total payment volume rose 5.1 percent to 147.4 billion Brazilian real, with PIX QR Code volume up 45.3 percent to 33.1 billion Brazilian real.

The credit portfolio grew 78.0 percent year over year to 4,090.1 million Brazilian real. Credit revenue more than doubled to 395.7 million Brazilian real, while provisions for expected credit losses increased 128.6 percent to 197.4 million Brazilian real. Non-performing loans above 90 days rose to 9.92 percent from 5.03 percent a year earlier.