StoneCo delivered robust financial performance in Q3 2024, with total revenue reaching R$3.36B, up 6.9% YoY, while net income surged 32% YoY to R$543M. The Financial Services segment contributed R$2.96B in revenue, while the Software segment generated R$393M. Operating efficiency improved as total expenses grew at a slower pace than revenue.The company continued its share repurchase program, buying back R$979M worth of Class A shares in the first nine months of 2024. Key strategic moves included acquiring full ownership of Trinks, previously a 19.9% owned associate, for R$59.3M to strengthen its software solutions portfolio.Financial metrics showed solid fundamentals with an adjusted net income of R$587M for Q3. The company maintained strong liquidity with cash and cash equivalents of R$4.01B as of September 30, 2024, compared to R$2.18B at the end of 2023, demonstrating robust cash generation.

StoneCo delivered robust financial performance in Q3 2024, with total revenue reaching R$3.36B, up 6.9% YoY, while net income surged 32% YoY to R$543M. The Financial Services segment contributed R$2.96B in revenue, while the Software segment generated R$393M. Operating efficiency improved as total expenses grew at a slower pace than revenue.The company continued its share repurchase program, buying back R$979M worth of Class A shares in the first nine months of 2024. Key strategic moves included acquiring full ownership of Trinks, previously a 19.9% owned associate, for R$59.3M to strengthen its software solutions portfolio.Financial metrics showed solid fundamentals with an adjusted net income of R$587M for Q3. The company maintained strong liquidity with cash and cash equivalents of R$4.01B as of September 30, 2024, compared to R$2.18B at the end of 2023, demonstrating robust cash generation.