By Brazil Stock Guide – PagBank (NYSE: PAGS) posted recurring net income of 576 million reais ($106 million) in the second quarter, up 1.9% from a year earlier and above the 528.5 million-real average estimate compiled by LSEG.
Net revenue rose 1.7% to 3.38 billion reais in the three months through June. The company ended the period with 34.1 million customers.
Lending Drives Expansion
The lender’s credit portfolio reached 5.1 billion reais, a 31% increase from the second quarter of 2025. PagBank said the expansion was supported by products including working-capital loans, credit cards and payroll-deductible credit.
Payments Volume Rises
PagBank processed 133.4 billion reais in transactions through its merchant-acquiring operation during the quarter. The figure increased 3% from a year earlier and 4% from the first quarter of 2026.
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