Earnings ·
PicPay reported second quarter 2026 financial results that exceeded guidance, driven by a 67% year-over-year increase…
PICSPicS N.V.
PicPay reported second quarter 2026 financial results that exceeded guidance, driven by a 67% year-over-year increase in net revenue to R$4.1 billion and adjusted net income of R$283 million. The company surpassed 70 million total accounts, with average revenue per active customer (ARPAC) rising 52% to R$92.0. Net interest income grew 65% year-over-year to R$2.0 billion, supported by a consolidated credit portfolio expansion of 99% to R$31.9 billion. PicPay completed the acquisition of Kovr and launched AI-powered plugins across ChatGPT and Claude ecosystems. The company provided third quarter 2026 guidance projecting managerial revenues of approximately R$4.04 billion and adjusted net income of approximately R$265 million. PicPay operates as a digital bank in Brazil, offering financial products including digital wallets, credit cards, loans, investments, and insurance.