PicPay Q2 2026: Adjusted Net Income R$283M, Credit Portfolio R$31.9B, Kovr Acquisition Closed
PICS sits 28% above its 52-week low of $8.32 on elevated volume (3.9× avg).
Summary
PicPay reported Q2 2026 results with adjusted net income of R$283M, up 135% YoY, and completed the Kovr acquisition. The company provided Q3 guidance and detailed credit portfolio metrics.
Key Events · Earnings and Guidance · PICS
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Q2 2026 Results Beat Guidance
Adjusted net income reached R$283 million, up 135% YoY, exceeding guidance of ~R$245 million by 15.5%. Net revenue grew 67% YoY to R$4.1 billion.
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Credit Portfolio Expansion
Total credit portfolio reached R$31.9 billion, up 99% YoY and 14% QoQ. Secured and partially secured products now represent 55% of the portfolio, up from 45% in Q2 2025.
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Kovr Acquisition Completed
PicPay Bank completed the acquisition of 100% of Kovr Participações S.A. on August 3, 2026 for R$748.99 million, expanding into insurance, private pension, and capitalization segments.
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Q3 2026 Guidance
Company expects total credit portfolio of ~R$34.7 billion, adjusted net income of ~R$265 million, and IFRS EBT of ~R$360 million for Q3 2026.
Analysis · PICS · Finance
PicPay delivered a strong Q2 2026, beating guidance across all key metrics. Adjusted net income reached R$283 million, up 135% year-over-year, driven by a 67% increase in net revenue to R$4.1 billion. The credit portfolio grew 99% YoY to R$31.9 billion, with secured and partially secured products now representing 55% of the book. The company also completed its acquisition of insurtech Kovr for R$749 million, expanding into insurance and pension segments. Q3 guidance projects continued growth with adjusted net income of approximately R$265 million. This filing provides the full audited financial statements and detailed operational data that the prior Reuters news summary lacked.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 37.4% of the 3413 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, PICS was trading at $10.61 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $8.32 to $19.95. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.