StoneCo Ltd., a leading provider of financial technology solutions, reported its financial results for the third quarter of 2024, ending September 30, 2024. The company saw a significant year-over-year growth in its key financial metrics, with Adjusted Net Income increasing by 34.9% to R$586.8 million and Adjusted Basic EPS rising by 42.6% to R$1.97. Total Revenue and Income for the quarter reached R$3,357.2 million, marking a 6.9% increase from the previous year. The company's Adjusted EBT margin improved to 21.8%, up by 4.5 percentage points year over year. StoneCo's financial services segment, which includes payment, banking, and credit solutions, continued to be a strong performer with an Adjusted EBT of R$676.0 million, up 39.2% year over year. The software segment also showed efficiency gains, with...Show More

StoneCo Ltd., a leading provider of financial technology solutions, reported its financial results for the third quarter of 2024, ending September 30, 2024. The company saw a significant year-over-year growth in its key financial metrics, with Adjusted Net Income increasing by 34.9% to R$586.8 million and Adjusted Basic EPS rising by 42.6% to R$1.97. Total Revenue and Income for the quarter reached R$3,357.2 million, marking a 6.9% increase from the previous year. The company's Adjusted EBT margin improved to 21.8%, up by 4.5 percentage points year over year. StoneCo's financial services segment, which includes payment, banking, and credit solutions, continued to be a strong performer with an Adjusted EBT of R$676.0 million, up 39.2% year over year. The software segment also showed efficiency gains, with Adjusted EBITDA margins reaching 18.3%. The company's active client base grew to over 4 million, with total payment volume (TPV) increasing by 15.3% to R$128.9 billion. StoneCo's banking solutions gained traction, with retail deposits reaching R$6.8 billion, a 53.2% increase year over year. The company's credit portfolio exceeded annual guidance, reaching R$923.1 million. StoneCo remains committed to its business plan and confident in its execution to deliver long-term success. The company's financial results were discussed in a conference call on November 12, 2024.