Also trades as: BOLSY (OTC) · $vol 3M

R$18.95 ($3.62)

+0.44 (+2.38%)

Weekly Expected Move ±3.2%

R$17 R$18 R$19 R$19 R$20

SAO · Financial Services · Financial - Data & Stock Exchanges · Tech Score Strong Buy · Power 70 · R$95.2B mcap · 4.98B float · 0.793% daily turnover

Revenue

$10.1B +6.8% ▲

5Y CAGR: +4.4%

Gross Profit

$7.4B +5.9% ▲

5Y CAGR: +1.7%

Operating Income

$6.5B +8.2% ▲

5Y CAGR: +2.9%

Net Income

$4.6B +0.2% ▲

5Y CAGR: +2.0%

EPS (Diluted)

$0.88 +6.0% ▲

5Y CAGR: +5.3%

EBITDA

$9.1B +13.0% ▲

5Y CAGR: +5.8%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$9.1B	$9.1B	$8.9B	$9.4B	$10.1B
YoY Growth	+11.9%	+0.3%	-1.9%	+6.7%	+6.8%
Cost of Revenue	$1.6B	$2.1B	$2.2B	$2.4B	$2.7B
Gross Profit	$7.4B	$7.0B	$6.8B	$7.0B	$7.4B
Gross Margin	82.2%	77.4%	75.8%	74.1%	73.5%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$35M	$55M	$58M	$63M	$235M
Operating Expenses	$1.2B	$1.5B	$1.6B	$946M	$862M
Operating Income	$6.3B	$5.5B	$5.2B	$6.0B	$6.5B
Operating Margin	69.2%	60.5%	57.9%	64.1%	65.0%
Interest Expense	$597M	$1.4B	$1.3B	$1.3B	$1.7B
Income Before Tax	$6.5B	$5.8B	$5.6B	$6.1B	$6.9B
Tax Expense	$1.8B	$1.6B	$1.4B	$1.5B	$2.4B
Net Income	$4.7B	$4.2B	$4.1B	$4.6B	$4.6B
Net Margin	52.0%	46.5%	46.3%	48.5%	45.5%
EPS (Diluted)	$0.77	$0.71	$0.72	$0.83	$0.88
EBITDA	$8.2B	$8.2B	$7.9B	$8.0B	$9.1B
Shares Outstanding	6.10B	5.94B	5.72B	5.48B	5.20B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$2.4B	$2.4B	$2.4B	$2.5B	$2.5B	$2.7B	$2.9B	$2.8B
Cost of Revenue	$623M	$682M	$640M	$654M	$672M	$700M	$719M	$151M
Gross Profit	$1.8B	$1.7B	$1.7B	$1.9B	$1.8B	$2.0B	$2.2B	$2.6B
Gross Margin	74.4%	71.3%	73.2%	74.3%	73.0%	73.6%	74.9%	94.5%
R&D Expenses	$0	$0	$54M	$165M	$0	$0	$0	$54M
SG&A Expenses	$19M	$24M	$12M	$15M	$16M	$156M	$25M	$29M
Operating Expenses	$226M	$221M	$208M	$210M	$195M	$248M	$225M	$779M
Operating Income	$1.6B	$1.5B	$1.5B	$1.7B	$1.6B	$1.7B	$1.9B	$1.8B
Operating Margin	65.1%	62.0%	64.5%	66.0%	65.1%	64.3%	67.1%	65.3%
Interest Expense	$329M	$1.2B	$450M	$438M	$44M	$1.6B	$423M	$435M
Income Before Tax	$1.7B	$1.5B	$1.6B	$1.8B	$1.7B	$1.8B	$2.1B	$2.1B
Tax Expense	$473M	$309M	$469M	$507M	$462M	$921M	$587M	$353M
Net Income	$1.2B	$1.2B	$1.1B	$1.3B	$1.2B	$908M	$1.5B	$1.7B
Net Margin	49.4%	49.6%	46.3%	52.2%	50.1%	34.2%	51.4%	61.4%
EPS (Diluted)	$0.21	$0.22	$0.21	$0.25	$0.24	$0.18	$0.29	$0.34
EBITDA	$1.8B	$2.8B	$2.1B	$2.3B	$1.8B	$3.5B	$2.6B	$1.9B
Shares Outstanding	5.61B	5.44B	5.25B	5.23B	5.20B	5.15B	5.15B	5.04B

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