StoneCo Reports Q3 2026 Results Amid Macroeconomic Headwinds and Revised Guidance
StoneCo (STNE) reported third-quarter 2026 results characterized by steady revenue growth but significant pressure on profitability. Total revenue reached BRL 3.7 billion, a 3.3% increase driven by credit products and payment volumes. However, adjusted gross profit fell 8.0% to BRL 1.5 billion due to rising operational costs and higher loan loss provisions as the company scales its credit portfolio. The company faces challenges from Brazil's macroeconomic environment, including high interest rates and record levels of judicial recovery filings. These factors have led management to downwardly revise its 2026 adjusted gross profit and EPS guidance, while also withdrawing its 2027 targets. Despite these headwinds, StoneCo saw strong growth in Pix QR code volumes (up 45.3%) and a significant expansion in its credit portfolio.
Tickers: $STNE
Topics: Credit Portfolio Expansion Loan Loss Provisions Payment Volume Revenue Growth Share Buybacks