6-K 1 MainDocument.htm 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2026

Commission File Number: 001-38353

PagSeguro Digital Ltd.
(Name of Registrant)

Conyers Trust Company (Cayman) Limited,
Cricket Square, Hutchins Drive, P.O. Box 2681,
Grand Cayman, KY1-1111, Cayman Islands
(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ☐ No ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ☐ No ☒

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PAGS Reports Second Quarter 2026 Results

Non-GAAP Net Income reaches R$576 million, driven by Banking acceleration, TPV recovery and disciplined capital allocation

São Paulo, August 11, 2026 – PagSeguro Digital Ltd. (“PagBank”, “we”, “Company”) has announced today its second-quarter results for the period ended June 30, 2026. The consolidated financial statements are presented in Reais (R$) and prepared in accordance with the International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

A message from our CEO

PagBank delivered another quarter of consistent strategy execution, with broader ecosystem monetization, disciplined credit expansion and resilient profitability. In a still-challenging macroeconomic environment, our integrated payments, Banking and credit platform continued to evolve, supported by deeper client engagement, greater product penetration and a more efficient funding structure.

During the quarter, monetization continued to broaden across our ecosystem. TPV grew 3% year-over-year, while Banking Cash-In reached R$97 billion, up 23.4% year-over-year, reinforcing PagBank’s expanding role as a primary financial platform for merchants and individuals. Engagement also improved across transactional and financial services, with higher app usage, bill payment and Pix activity, and increased penetration of investments and insurance products.

Credit remained an important growth lever. Our Credit Portfolio reached R$5.1 billion, increasing 31% year-over-year, mainly driven by working capital and credit cards. This expansion reflects capabilities built over several years, including stronger governance, enhanced analytics, improved underwriting and a more complete product roadmap. Importantly, portfolio quality remained under control, with NPL90 well below the Brazilian market average, reinforcing our commitment to scaling credit responsibly and through cycles.

This growth is supported by a strong and increasingly efficient funding base. Total Deposits reached R$42.8 billion, up 15% year-over-year, with more than 90% of deposits originated on-platform. At the same time, we continued to reduce funding costs, reflecting disciplined liability management and the strength of our Banking relationship with clients.

Profitability remained resilient. Gross profit grew 3% year-over-year, supported by business execution, lower Financial Costs and continued efficiency initiatives. Net income reached R$576 million on a non-GAAP basis, while ROAE remained solid at 15.6%, reflecting our ability to protect returns while investing in product innovation, technology and long-term growth.

Our capital position also remains robust, with a Basel ratio of 22.5%, close to the upper end of our 18% to 22% target range. This capital strength continues to support both business expansion and shareholder returns. Over the last twelve months, we returned R$2.0 billion to shareholders through dividends and share buybacks.

Looking ahead, we remain confident in our ability to deliver our 2026 commitments and continue progressing toward our 2029 ambition: a R$25 billion Credit Portfolio, gross profit CAGR of approximately 10% and EPS CAGR above 16% between 2025 and 2029. With a resilient ecosystem, deeper monetization, disciplined credit growth, efficient funding and a strong capital position, we believe PagBank is well positioned to generate sustainable long-term value for shareholders.

Carlos Mauad – CEO

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Q2 2026 Highlights

Financial Highlights

R$ million	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Total Revenue and Income	5,080	5,058	0.4%	5,006	1.5%	10,086	9,908	1.8%
Total Revenue and Income (ex-ITC)¹	3,380	3,322	1.7%	3,335	1.3%	6,715	6,457	4.0%
Gross Profit2	1,999	1,945	2.8%	1,889	5.8%	3,888	3,819	1.8%
% Margin (ex-ITC)	59.1%	58.6%	0.6 p.p.	56.6%	2.5 p.p.	57.9%	59.1%	(1.2) p.p.
Earnings before Tax (non-GAAP)	670	659	1.7%	666	0.7%	1,336	1,283	4.2%
% Margin (non-GAAP; ex-ITC)	19.8%	19.8%	(0.0) p.p.	20.0%	(0.1) p.p.	19.9%	19.9%	0.0 p.p.
Net Income (GAAP)	549	537	2.3%	546	0.7%	1,095	1,062	3.1%
% Margin (GAAP; ex-ITC)	16.2%	16.2%	0.1 p.p.	16.4%	(0.1) p.p.	16.3%	16.4%	(0.1) p.p.
Net Income (non-GAAP)	576	565	1.9%	575	0.1%	1,151	1,119	2.8%
% Margin (non-GAAP; ex-ITC)	17.0%	17.0%	0.0 p.p.	17.2%	(0.2) p.p.	17.1%	17.3%	(0.2) p.p.
Return on Average Equity (ROAE)	14.9%	14.5%	0.3 p.p.	15.0%	(0.1) p.p.	14.8%	14.5%	0.2 p.p.
Return on Average Equity (ROAE) (non-GAAP)	15.6%	15.3%	0.3 p.p.	15.8%	(0.2) p.p.	15.4%	15.3%	0.1 p.p.
EPS Diluted (R$) (GAAP)	1.96	1.79	10.1%	1.93	1.9%	3.89	3.50	11.1%
EPS Diluted (R$) (non-GAAP)	2.06	1.88	9.7%	2.03	1.3%	4.09	3.69	10.9%

1. Total Revenue and Income (ex-ITC): Total Revenue and Income excluding Interchange Fees, Card Scheme Fees, and other Processing/Transaction Costs.

2. Gross Profit: Total Revenue and Income (-) Transaction Costs (-) Financial Costs (-) Total Losses.

Non-GAAP Measures: For further information regarding the reconciliation and explanation of non-GAAP financial measures, including the presentation of the closest comparable GAAP financial measure, please see “Appendix” and “Non-GAAP Disclosure” included in this earnings release.

Operational Highlights

R$ billion	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Total Clients (# million)	34.1	33.1	3.1%	33.9	0.4%	34.1	33.1	3.1%
Credit Portfolio	5.1	3.9	30.7%	5.0	2.0%	5.1	3.9	30.7%
Total Payment Volume (TPV)	133.4	129.6	3.0%	128.2	4.0%	261.6	258.2	1.3%
Cash-in	97.0	78.6	23.3%	81.4	19.1%	178.4	158.1	12.9%
Total Deposits	42.8	37.2	15.1%	41.6	2.7%	42.8	37.2	15.1%

 Consolidated Revenues excluding Interchange Fees (“ex-ITC”) increased 1.7% year-over-year, reflecting the higher contribution of the Banking business to the Company’s revenue mix.

 Gross Profit totaled R$2.0 billion, an increase of 2.8% year-over-year, driven by Banking Revenue, which increased 28.9% year-over-year, and by lower transactional and Financial Costs.

 Non-GAAP Diluted Earnings per Share (“EPS”) increased 9.7% year-over-year, driven mainly by solid profitability and continued operating leverage.

 Non-GAAP Annualized Return on Average Equity (“ROAE”) reached 15.6% in the quarter, 0.3 p.p. higher than Q2 2025, reinforcing the Company’s commitment to enhancing shareholder value.

 Cash-In (inflows not related to acquiring) increased 23.3% year-over-year, reflecting stronger client engagement and the continued expansion of the Company’s Banking ecosystem.

 Credit Portfolio grew 30.7% year-over-year, reaching R$5.1 billion, supported by broad-based expansion across credit products and continued demand for working capital solutions.

 Expanded Portfolio reached R$52.4 billion, an increase of 9.0% year-over-year, mainly due to the expansion of prepayment to merchants and the expansion of our Credit Portfolio.

 Total Payment Volume (“TPV”) reached R$133.4 billion, an increase of 3.0% year-over-year, benefiting from resilient transactional volumes and a gradual improvement in payment activity.

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Capital Optimization

 BIS Ratio: Our managerial Basel Index (“BIS”) ratio, as of 30 June 2026, was 22.5%, reflecting ongoing initiatives to enhance capital efficiency through share repurchases, dividend distributions, and the expansion of Banking and credit operations.

 Buyback Execution: In the last twelve months, we repurchased over 19 million shares, or R$1 billion. With these repurchases, the Company’s third share repurchase program was fully completed.

 Dividends: In Q2 2026, the Company distributed approximately R$363 million in dividends. In September 2026, an additional US$0.28 per share is expected to be distributed, and the remaining amount, totaling approximately R$400 million, is expected to be paid in a subsequent installment, completing the planned R$1.4 billion dividend distribution for the year.

Operational Performance

PagBank Clients

# million	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Total Clients1	34.1	33.1	3.1%	33.9	0.4%	34.1	33.1	3.1%
Banking only	10.9	11.5	-5.0%	11.1	-1.6%	10.9	11.5	-5.0%
Banking + Payments	6.0	5.9	1.6%	6.0	0.2%	6.0	5.9	1.6%
Payments only	0.2	0.3	-37.0%	0.2	-20.9%	0.2	0.3	-37.0%
Active Merchants²	6.2	6.2	-0.3%	6.3	-0.6%	6.2	6.2	-0.3%
Active Banking Clients³	16.9	17.4	-2.7%	17.1	-1.0%	16.9	17.4	-2.7%
Total Active Clients4	17.1	17.7	-3.3%	17.3	-1.2%	17.1	17.7	-3.3%

1. Total Clients: number of clients registered at the Brazilian Central Bank.

2. Active Merchants: number of active clients in the Payment business, including those with no relationship with Banking (Payments Only).

3. Active Banking Clients: number of active clients in the Banking business, including those with no relationship to Payments (Banking Only).

4. Total Active Clients: refers to Active Clients with at least one transaction in the last twelve months in the payments or Banking services, and/or Active Clients with a balance in their digital account on the last day of the last month of the periods indicated.

Total Clients reached 34.1 million at quarter-end, increasing 3.1% year-over-year. The Banking + Payments segment grew 1.6% year-over-year to 6.0 million clients, reflecting the continued execution of the Company’s cross-selling strategy across its ecosystem. Banking Only Clients totaled 10.9 million, representing 64% of Total Active Clients.

Total Active Clients was 17.1 million. Active Merchants remained stable at 6.2 million compared to Q2 2025. Since Q1 2026, as part of the Company’s ongoing lifecycle management process, accounts with residual balances and no recent transactional activity were reviewed and subject to the standard administrative fee. The settlement of these fees reduced the remaining balances in certain inactive accounts, resulting in their exclusion from the active client base. This process had no impact on the engagement, revenue contribution, or performance of the Company’s core base. As a result, Active Banking Clients totaled 16.9 million, down 1.0% quarter-over-quarter, and 2.7% year-over-year.

Banking

Cash-In (inflows not related to acquiring)

R$ billion	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Cash-In	97.0	78.6	23.3%	81.4	19.1%	178.4	158.1	12.9%
Active Banking Clients1 (# million)	16.9	17.4	-2.7%	17.1	-1.0%	16.9	17.4	-2.7%
Cash-In per Active Banking Client	5.7	4.5	26.7%	4.8	20.2%	10.5	9.1	16.0%

1. Active Banking Clients refer to Banking Clients and Banking + Payments Clients.

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Cash-In amounted to R$97.0 billion, up 23.3% year-over-year, driven by the increase in transaction volumes supported by continued improvements in client engagement. The increase in Cash-In was also positively impacted by the higher penetration of investment and insurance products, as well as the increase in Deposits. Cash-In per Active Banking Client increased 26.7% year-over-year to R$5.7 thousand.

Credit Portfolio and Expanded Portfolio

R$ billion	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Credit Portfolio	5.1	3.9	30.7%	5.0	2.0%	5.1	3.9	30.7%
Secured Products	3.8	3.4	13.8%	3.9	-2.2%	3.8	3.4	13.8%
% Credit Portfolio	75.7%	86.9%	(11.2) p.p.	78.9%	(3.2) p.p.	75.7%	86.9%	(11.2) p.p.
Unsecured Products	1.2	0.5	142.7%	1.0	17.6%	1.2	0.5	142.7%
% Credit Portfolio	24.3%	13.1%	11.2 p.p.	21.1%	3.2 p.p.	24.3%	13.1%	11.2 p.p.
NPL 90+ \| Total Credit Portfolio	3.4%	2.5%	0.9 p.p.	3.05%	0.4 p.p.	3.4%	2.5%	0.9 p.p.

R$ billion	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Credit Portfolio	5.1	3.9	30.7%	5.0	2.0%	5.1	3.9	30.7%
Payroll Loans1	3.4	2.9	17.5%	3.5	-3.8%	3.4	2.9	17.5%
Credit Card Receivables	1.1	0.8	34.8%	1.0	10.6%	1.1	0.8	34.8%
Working Capital Loans and other	0.6	0.2	203.6%	0.5	27.0%	0.6	0.2	203.6%
Provision for Losses	(0.4)	(0.3)	49.1%	(0.4)	5.9%	(0.4)	(0.3)	49.1%
Payroll Loans	(0.1)	(0.1)	20.8%	(0.1)	-34.1%	(0.1)	(0.1)	20.8%
Credit Card Receivables	(0.2)	(0.1)	43.0%	(0.2)	13.5%	(0.2)	(0.1)	43.0%
Working Capital Loans and other	(0.2)	(0.1)	67.4%	(0.2)	21.7%	(0.2)	(0.1)	67.4%
Credit Portfolio, net	4.6	3.6	29.2%	4.5	1.6%	4.6	3.6	29.2%

1. Payroll Loans: Refers to loan portfolios, including advance Brazil's Severance Indemnity Fund (FGTS) withdrawals and payroll loans to public sector employees and retirees.

Credit Portfolio reached R$ 5.1 billion in Q2 2026, up 30.7% compared to Q2 2025, driven by the continued expansion of credit origination, particularly in credit card receivables financing and working capital products, consistent with the long-term ambition outlined in September 2025. Secured products represented 75.7% of the total portfolio, while unsecured products accounted for 24.3%, reflecting the Company’s disciplined approach to risk and capital management.

Working capital loans grew 203.6% year-over-year and 27.0% quarter-over-quarter, reflecting the continued expansion of our working capital offering and reinforcing our strategy to address merchants’ day-to-day financing needs through higher‑engagement solutions.

R$ billion	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Total Credit Portfolio	5.1	3.9	30.7%	5.0	2.0%	5.1	3.9	30.7%
Prepayment to Merchants¹	47.3	44.2	7.0%	46.1	2.7%	47.3	44.2	7.0%
Expanded Portfolio	52.4	48.1	9.0%	51.0	2.6%	52.4	48.1	9.0%

Prepayment to Merchants is net of Accounts Receivable Securitization.

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Expanded Portfolio, which includes Total Credit Portfolio and Prepayment to Merchants, reached R$52.4 billion in Q2 2026, up 9.0% year-over-year and 2.6% quarter-over-quarter. In the annual comparison, growth was driven by both the 30.7% expansion of Credit Portfolio and a 7.0% increase in prepayment volumes, which reached R$47.3 billion. The performance reflects the increasing adoption of the Company’s embedded credit solutions and reinforces its role as a key provider of liquidity to merchants’ day-to-day operations.

Deposits and Total Funding

R$ billion	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Checking Accounts	10.9	10.5	3.8%	10.6	2.9%	10.9	10.5	3.8%
Merchant's Payment Accounts	0.8	0.8	-4.2%	0.8	-4.1%	0.8	0.8	-4.2%
High Yield Savings Accounts	10.1	9.7	4.4%	9.8	3.5%	10.1	9.7	4.4%
Certificates of Deposit	19.0	17.2	10.4%	18.5	2.5%	19.0	17.2	10.4%
Interbank Deposits	12.9	9.5	36.3%	12.5	3.0%	12.9	9.5	36.3%
Total Deposits	42.8	37.2	15.1%	41.6	2.7%	42.8	37.2	15.1%
Other Fundings	4.4	5.7	-22.2%	5.2	-14.4%	4.4	5.7	-22.2%
Total Funding	47.2	42.9	10.1%	46.8	0.8%	47.2	42.9	10.1%

R$ billion	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Checking Accounts	10.9	10.5	3.8%	10.6	2.9%	10.9	10.5	3.8%
Average Percentage Yield (APY)1	38.0%	47.5%	(9.5) p.p.	38.6%	(0.6) p.p.	38.3%	47.7%	(9.4) p.p.
Merchant's Payment Accounts	0.8	0.8	-4.2%	0.8	-4.1%	0.8	0.8	-4.2%
High Yield Savings Accounts	10.1	9.7	4.4%	9.8	3.5%	10.1	9.7	4.4%
Banking Issuances	31.9	26.6	19.6%	31.0	2.7%	31.9	26.6	19.6%
Average Percentage Yield (APY)1	99.6%	103.5%	(3.9) p.p.	100.9%	(1.3) p.p.	100.2%	103.5%	(3.3) p.p.
Certificates of Deposit	19.0	17.2	10.4%	18.5	2.5%	19.0	17.2	10.4%
Interbank Deposits	12.9	9.5	36.3%	12.5	3.0%	12.9	9.5	36.3%
Total Deposits	42.8	37.2	15.1%	41.6	2.7%	42.8	37.2	15.1%
Average Percentage Yield (APY)¹	83.3%	89.2%	(5.9) p.p.	83.9%	(0.6) p.p.	83.6%	89.1%	(5.5) p.p.
Other Fundings	4.4	5.7	-22.2%	5.2	-14.4%	4.4	5.7	-22.2%
Total Funding	47.2	42.9	10.1%	46.8	0.8%	47.2	42.9	10.1%

1. As % of CDI (Brazilian Interbank Rate).

R$ billion	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Total Deposits	42.8	37.2	15.1%	41.6	2.7%	42.8	37.2	15.1%
On-Platform	39.2	31.7	23.7%	37.9	3.2%	39.2	31.7	23.7%
% Deposits	91.6%	85.2%	6.4 p.p.	91.1%	0.5 p.p.	91.6%	85.2%	6.4 p.p.
Off-Platform	3.6	5.5	-34.3%	3.7	-2.5%	3.6	5.5	-34.3%
% Deposits	8.4%	14.8%	(6.4) p.p.	8.9%	(0.5) p.p.	8.4%	14.8%	(6.4) p.p.

Total Deposits reached R$42.8 billion, increasing 15.1% year-over-year, mainly driven by a 19.6% increase in Banking Issuances, which totaled R$ 31.9 billion. Within this category, Interbank Deposits expanded 36.3% year-over-year to R$12.9 billion, reflecting the continued diversification of funding sources and the strengthening of relationships with financial institutions, while Certificates of Deposit grew 10.4% year-over-year to R$19.0 billion. Checking account balances grew 3.8% year-over-year, totaling R$10.9 billion. Annual Percentage Yield (“APY”) in Q2 2026 was 38.0% of CDI, compared to 47.5% in Q2 2025.

On-platform deposits represented 91.6% of Total Deposits, reaching R$39.2 billion, up 23.7% year-over-year, highlighting the Company’s strong ability to fund its operations through its own client base and supporting continued balance sheet growth.

Overall, the deposits APY was 83.3% of CDI, a decrease of 5.9 p.p. year-over-year, reflecting lower remuneration on checking accounts, reduced rates offered on Certificates of Deposit, and ongoing funding cost optimization initiatives in response to the current interest rate environment.

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R$ billion	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Expanded Portfolio	52.4	48.1	9.0%	51.0	2.6%	52.4	48.1	9.0%
Total Funding	47.2	42.9	10.1%	46.8	0.8%	47.2	42.9	10.1%
Loan-to-Funding (%)	111%	112%	(1.2) p.p.	109%	1.9 p.p.	111%	112%	(1.2) p.p.

Total Funding, which includes other sources such as Borrowings, Certificates of Deposit with Related Parties and Senior FIDC quotas, reached R$47.2 billion, up 10.1% year-over-year, led by the increase in Total Deposits, combined with the Company’s continued efforts to diversify its funding base and maintain a balanced capital structure.

The Expanded Loan-to-funding ratio in Q2 2026 was 111%, a 1.2 p.p. decrease compared to Q2 2025, mainly explained by the increase in funding, which supports credit expansion and merchants’ prepayment activity while strengthening the Company’s liquidity position.

Payments

Total Payment Volume

R$ billion	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Total Payment Volume	133.4	129.6	3.0%	128.2	4.0%	261.6	258.2	1.3%
Active Merchants (# million)	6.2	6.2	-0.3%	6.3	-0.6%	6.2	6.2	-0.3%
TPV per Merchant (R$ thousand)	21.4	20.8	3.3%	20.5	4.7%	42.0	41.4	1.6%

TPV totaled R$133.4 billion in Q2 2026, a 3.0% increase in relation to Q2 2025 and a 4.0% increase compared to Q1 2026. The performance reflects the continued recovery in payment volumes, supported by healthier merchant activity and the gradual reacceleration observed in recent quarters.

Financial Performance

Total Revenue and Income

GAAP \| R$ million	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Total Revenue and Income	5,080.0	5,058	0.4%	5,005.9	1.5%	10,086	9,908	1.8%
Total Revenue and Income (ex-ITC)¹	3,380	3,322	1.7%	3,335	1.3%	6,715	6,457	4.0%
Transaction Activities and Other Services	2,057	1,989	3.4%	1,979	3.9%	4,036	4,003	0.8%
Financial Income	2,824	2,902	-2.7%	2,803	0.8%	5,627	5,600	0.5%
Other Financial Income	199	167	19.3%	224	-10.9%	423	306	38.3%

R$ million	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Total Revenue and Income (ex-ITC)¹	3,380	3,322	1.7%	3,335	1.3%	6,715	6,457	4.0%
Payments²	2,556	2,683	-4.7%	2,516	1.6%	5,072	5,235	-3.1%
Payments - % of Total Revenue and Income	76%	81%	(5.1) p.p.	75%	0.2 p.p.	76%	81%	(5.5) p.p.
Banking³	824	639	28.9%	819	0.6%	1,643	1,222	34.5%
Banking - % of Total Revenue and Income	24%	19%	5.1 p.p.	25%	(0.2) p.p.	24%	19%	5.5 p.p.

1. Total Revenue and Income (ex-ITC): excluding Interchange Fees, Card Scheme Fees, and other Processing/Transaction Costs.

2. Payments: mainly composed of merchant discount rates (MDRs), early prepayment of card receivables and membership fees from POS devices.

3. Banking: mainly composed of interest income from Credit Portfolio, interest income from float of PagBank accounts, prepaid cards and escrow account reconciliation, fees (mostly card interchange and account service fees) and Other Financial Income.

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Total Revenue and Income ex-ITC reached R$3,380 million in Q2 2026, a 1.7% increase versus Q2 2025, mainly impacted by the greater share of Banking revenue in the product mix, which accounted for 24% of total revenue ex-ITC in Q2 2026, up 5.1 p.p. year-over-year.

Considering Fees and other Transaction/Processing costs, Total Revenue and Income reached R$5,080 million in Q2 2026, in line with Q2 2025 and 1.5% higher than Q1 2026.

 Payments: In Q2 2026, payments revenue amounted to R$2,556 million, down 4.7% year-over-year, and up 1.6% quarter-over-quarter. The annual decline was mainly associated with product mix dynamics, while the sequential increase reflected the quarter-over-quarter recovery in TPV;

 Banking: In Q2 2026, revenue amounted to R$824 million, a 28.9% year-over-year increase, led by the 30.7% Credit Portfolio expansion, the 15.1% increase in Total Deposits, and higher transactionality across the Banking ecosystem, including the 3.8% growth in Checking Accounts and the 23.3% increase in Cash-In volumes. Sequentially, Banking revenue remained broadly stable, increasing 0.6% quarter-over-quarter.

Gross Profit

R$ million	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Total Revenue and Income (ex-ITC)¹	3,380	3,322	1.7%	3,335	1.3%	6,715	6,457	4.0%
Transaction Costs	(1,700)	(1,736)	-2.0%	(1,671)	1.8%	(3,371)	(3,451)	-2.3%
Financial Costs	(1,274)	(1,280)	-0.4%	(1,340)	-4.9%	(2,615)	(2,457)	6.4%
Total Losses + Credit Loss Allowance Expenses	(106)	(98)	8.9%	(106)	0.1%	(212)	(181)	17.3%
Gross Profit	1,999	1,945	2.8%	1,889	5.8%	3,888	3,819	1.8%
% Total Payment Volume	1.5%	1.5%	(0.0) p.p.	1.5%	0.0 p.p.	1.5%	1.5%	0.0 p.p.
% Total Revenue and Income	59.1%	58.6%	0.6 p.p.	56.6%	2.5 p.p.	57.9%	59.1%	(1.2) p.p.

R$ million	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Gross Profit	1,999	1,945	2.8%	1,889	5.8%	3,888	3,819	1.8%
% Total Revenue and Income (ex-ITC)	59.1%	58.6%	0.6 p.p.	56.6%	2.5 p.p.	57.9%	59.1%	(1.2) p.p.
Payments	1,425	1,490	-4.4%	1,299	9.7%	2,724	2,955	-7.8%
Payments Gross Profit Margin %	55.8%	55.5%	0.2 p.p.	51.6%	4.1 p.p.	53.7%	56.4%	(2.7) p.p.
Payments - % of Total Gross Profit	71.3%	76.6%	(5.3) p.p.	68.8%	2.5 p.p.	70.1%	77.4%	(7.3) p.p.
Banking	574	455	26.2%	590	-2.7%	1,164	864	34.7%
Banking Gross Profit Margin %	69.7%	71.2%	(1.5) p.p.	72.0%	(2.3) p.p.	70.8%	70.7%	0.1 p.p.
Banking - % of Total Gross Profit	28.7%	23.4%	5.3 p.p.	31.2%	(2.5) p.p.	29.9%	22.6%	7.3 p.p.

1. Total Revenue and Income (ex-ITC): excluding Interchange Fees, Card Scheme Fees, and other Processing/Transaction Costs.

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Gross Profit totaled R$1,999 million in Q2 2026, representing an increase of 2.8% year-over-year and 5.8% quarter-over-quarter. As a percentage of Total Revenue and Income ex-ITC, Gross Profit Margin reached 59.1%, up 0.6 p.p. compared to Q2 2025 and 2.5 p.p. versus Q1 2026. The annual performance was supported by the 1.7% increase in Total Revenue and Income (ex-ITC), as explained above, and broadly stable Financial Costs year-over-year.

 Banking: Gross Profit reached R$ 574 million in Q2 2026, increasing 26.2% year-over-year, driven by higher Credit Portfolio and Cash-In, as well as increased transactionality and engagement across the Banking ecosystem. As a result, Banking represented 28.7% of total Gross Profit in the quarter, compared to 23.4% in the same period of last year, with a 69.7% Gross Profit Margin.

 Payments: In Q2 2026, Gross Profit was R$1,425 million, an increase of 9.7% in relation to Q1 2026, reflecting TPV dynamics, monetization, pricing discipline and cost efficiency, and offsetting seasonal pressure from product mix.

Total Costs and Expenses

Non-GAAP \| R$ million	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Total Costs and Expenses	(4,410)	(4,399)	0.2%	(4,340)	1.6%	(8,750)	(8,626)	1.4%
Cost of Sales and Services	(2,361)	(2,399)	-1.5%	(2,313)	2.1%	(4,674)	(4,750)	-1.6%
Selling Expenses	(413)	(428)	-3.4%	(372)	11.0%	(785)	(826)	-5.0%
Credit Loss Allowance Expenses	(70)	(28)	>100%	(60)	16.0%	(130)	(49)	>100%
Administrative Expenses	(226)	(193)	17.2%	(207)	9.3%	(433)	(404)	7.1%
Financial Costs	(1,274)	(1,280)	-0.4%	(1,340)	-4.9%	(2,615)	(2,457)	6.4%
Other Expenses. Net	(65)	(73)	-10.5%	(48)	35.0%	(113)	(139)	-18.5%

GAAP \| R$ million	Q2 2026	Q2 2025	Δ% y/y	Q1 2026	Δ% q/q	6M2026	6M2025	Δ% y/y
Total Costs and Expenses	(4,453)	(4,442)	0.2%	(4,385)	1.5%	(8,838)	(8,712)	1.4%
Cost of Sales and Services	(2,366)	(2,411)	-1.9%	(2,320)	2.0%	(4,685)	(4,771)	-1.8%
Selling Expenses	(419)	(425)	-1.2%	(375)	11.8%	(794)	(827)	-3.9%