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PagBank Reports Impressive Financial Performance for Q2 2026

PagBank, one of Brazil's leading digital banking platforms, revealed a recurring net income of R$ 576 million for the second quarter of 2026, highlighting the resilience of its business model in a challenging macroeconomic environment. This performance is supported by a substantial increase in the company's total deposits, which reached R$ 43 billion, and a growing loan portfolio now worth R$ 52 billion. Furthermore, the bank's net revenue for the quarter was recorded at R$ 3.4 billion, indicative of its commitment to sustainable growth.

The impressive growth in PagBank's loan portfolio, which rose by 31% year-on-year to R$ 5.1 billion, can be attributed to the expansion of various products, including working capital loans, credit cards, and payroll loans. Gustavo Sechin, the Chief Financial Officer of PagBank, emphasized that this growth demonstrates the advancement of their analytical capabilities and disciplined management. They continue to enhance credit availability for customers with suitable profiles while ensuring the quality of their portfolio, thus creating long-term value for the company and its stakeholders.

Despite navigating a high-interest rate environment, PagBank succeeded in strengthening customer loyalty. By the end of the quarter, it boasted 34.1 million customers, R$ 43 billion in deposits, and R$ 97 billion in cash deposits. Notably, the acquisitions sector reported a total payment volume of R$ 133.4 billion, showing a 3% increase year-over-year and a 4% increase compared to the previous quarter.

In a strategic move, PagBank invested R$ 1.1 billion in technology, product development, and security within the first half of 2026, demonstrating a strong commitment to the ongoing evolution of its business model. This investment is part of PagBank's broader growth strategy, which aims to maintain momentum in innovation and the development of its financial ecosystem.

The new solutions set to be introduced will focus on financial security, asset planning, and additional customer benefits, including the PagBank Private Pension plan aimed at facilitating long-term financial planning and PagBank Premiado, an insurance product that combines coverage for unforeseen events with monthly raffles. Additionally, they are offering a 100% refund of the IOF tax on international purchases made with the PagBank credit card.

The acquisitions area remains a strategic priority for PagBank, with ongoing efforts to enhance its payment platform and POS devices. The company plans to further its value proposition for merchants and entrepreneurs, contributing to more efficient financial management solutions.

These initiatives underline PagBank's ambition to establish a comprehensive financial services platform that supports customers throughout their journey. Carlos Mauad, the CEO of PagBank, stated, "We understand the challenges faced by Brazilian entrepreneurs firsthand, and they remain central to our decision-making. Our goal is to develop solutions that ease their day-to-day operations, foster the growth of their businesses, and expand access to high-quality financial services, with practicality, technology, and user experience always taking precedence."

For those interested, PagBank's financial statements for Q2 2026 can be accessed through their website. In conclusion, the company continues to pave the way for innovative financial solutions that simplify transactions for both individuals and businesses in Brazil, reinforcing its status as a top player in the digital banking realm.

Future Outlook

This earnings report contains forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. Such statements, characterized by terms like "expected," "believes," and "intends," reflect the management's current assessments and are susceptible to various risks and uncertainties. Changes in assumptions or market conditions may result in outcomes significantly different from current expectations.

About PagBank

PagBank promotes innovative financial solutions and payment methods, automating processes related to buying, selling, and transfers. As part of the UOL Group—Brazil's leading internet company—PagBank offers digital accounts and comprehensive solutions for online and in-person payments, including credit and prepaid cards, bank transfers, and boleto payments. The institution's reliability is validated by high credit ratings (AAA), affirming its strong corporate governance and capacity to meet financial obligations.