StoneCo Q2 2026 revenue misses estimates in mixed results

StoneCo Ltd. on Tuesday posted mixed second-quarter results for 2026, with revenue missing market estimates as growth in its core payment processing business failed to offset broader macroeconomic pressures.

The Brazilian fintech company reported total net revenue of $1.12 billion for the quarter, below the $1.18 billion consensus estimate compiled by Refinitiv. The shortfall reflected slower-than-expected growth in its merchant acquiring and digital banking segments, which have faced headwinds from reduced consumer spending and tighter credit conditions in Latin America’s largest economy.

Net income attributable to shareholders came in at $145 million, a 12% year-over-year increase but below the $158 million forecast. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 8% to $312 million, in line with expectations.

StoneCo’s chief executive officer, Thiago Piau, attributed the revenue miss to "persistent macroeconomic volatility" and "regulatory headwinds" in Brazil, while highlighting resilience in its SME lending and cross-border payment units. The company maintained its full-year 2026 guidance, reaffirming revenue growth of 15-18% and adjusted EBITDA expansion of 12-15%.

Shares of StoneCo, listed on the Nasdaq under the ticker STNE, were down 3.2% in after-hours trading following the results. The stock has declined 12% year-to-date amid broader sell-offs in Latin American equities and concerns over Brazil’s economic outlook.

Analysts at XP Investimentos noted that while StoneCo’s cost discipline and digital adoption remained strong, "top-line growth remains constrained by weak consumer demand and regulatory uncertainty."