StoneCo Q2 2026 results miss estimates as credit growth accelerates

StoneCo Ltd. reported second-quarter 2026 results that fell short of analyst estimates, with revenue missing expectations despite accelerated credit growth. The Brazilian fintech company highlighted a rise in non-performing loans (NPLs) as a key pressure point, even as it expanded its loan book.

The company’s Q2 2026 financial slides, released on Thursday, showed revenue of $1.2 billion, below the $1.3 billion consensus estimate compiled by Refinitiv. Net income came in at $180 million, also trailing the $205 million forecast. StoneCo attributed the revenue shortfall to higher credit provisions and weaker-than-expected transaction volumes in its payments segment.

Credit growth remained robust, with total loan disbursements rising 18% year-over-year to $8.7 billion. However, the company’s NPL ratio increased to 4.2% from 3.5% in the prior-year period, reflecting broader concerns over asset quality in Brazil’s consumer lending market. Provisions for credit losses rose 22% to $340 million.

StoneCo’s management noted that while macroeconomic conditions in Brazil have stabilized, elevated interest rates continue to weigh on consumer spending and repayment capacity. The company reaffirmed its full-year guidance for adjusted EBITDA of $1.1 billion to $1.2 billion, citing long-term growth in its core markets.

Shares of StoneCo fell 4.5% in pre-market trading following the release of the results.