By Brazil Stock Guide – B3 S.A. (B3SA3), Brazil’s sole stock exchange and market infrastructure provider, used its third-quarter Q&A to reinforce that the company’s future lies increasingly outside the trading floor. As volumes in equities and derivatives softened, the exchange doubled down on its digital pivot, building new revenue engines in data, analytics, and credit platforms that grew 18% year on year, sustaining a R$1.3 billion net profit in the quarter.
CFO André Milanês told analysts that B3 has reached “a much clearer and more integrated model” after consolidating past acquisitions in analytics and technology. The company now manages roughly one petabyte of proprietary data, about one-third the size of the London Stock Exchange’s base.
“We’re advancing a strong innovation agenda using artificial intelligence to customize products in credit, fraud prevention, and insurance,” he said. The push aims to diversify B3’s revenues with recurring data contracts less tied to market cycles.
IR Director Fernando Campos expanded on the results, citing stronger performance in loss-prevention services, credit analytics, and partnerships with banks and insurers. “We’re starting to capture the value of our data as a strategic asset,” he said. The momentum, Campos added, shows that the exchange’s transformation into a digital infrastructure for Brazil’s financial system is no longer experimental.
The company is also deepening its role in credit markets, following the acquisitions of Shipay and CRDC, which expand its footprint in electronic receivables registration. Together, they reinforce B3’s goal of connecting origination, custody, and trading through a single technological backbone.
Milanês said the exchange remains focused on efficiency and innovation as it adapts to lower volatility and high interest rates. “Our transformation is continuous,” he said, inviting investors to B3 Day on December 16, when the company will present long-term strategic updates.
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