Pagseguro Digital Ltd. · NYSE:PAGS
Pagseguro Digital — Q1 2026 Earnings Presentation
22 slides from Pagseguro Digital's earnings presentation, May 12, 2026
Slide 1: Q1 2026 Earnings Presentation
Q1 2026 Earnings Presentation May 12, 2026 PagSeguro Digital Ltd. (NYSE: PAGS)
Slide 2: Forward-looking statements and Non-GAAP financial measures
Forward-looking statements and Non-GAAP financial measures Forward-looking statements This presentation, prepared by PagSeguro Digital Ltd (“we” or the “Company”), is solely for informational purposes. The information in this presentation does not constitute or form part of, and should not be constr
Slide 3: Q1 2026 Highlights
Q1 2026 Highlights 3
Slide 4: 1Q26 Highlights: Banking acceleration & OPEX efficiency lead EPS expansion
1Q26 Highlights Banking acceleration & OPEX efficiency lead EPS expansion, +12% y/y TPV | R$ Expanded Credit Portfolio¹ | R$ Total Deposits | R$ 128B 51B 42B Operational Highlights stable YoY +11% YoY | Total Loans +36% YoY +23% YoY Net Revenue Ex-ITC | R$ Net Income2 | R$ | Non-GAAP Diluted EPS2 |
Slide 5: Track Record: Consistent shareholder value creation
Track Record Consistent shareholder value creation: R$2.4 B returned LTM, ~16% LTM total yield 7.99² +15.8% CAGR 6.62 (2018-2025) Covid-19 Pandemic 5.10 4.57 4.15 3.92 3.51 2.86 3 2018 2019 2020 2021 2022 2023 2024 2025 2026 Largest Brazilian Banking license PIX Launch of FGTS Launch of Focus on MSM
Slide 6: Business Units
Business Units 6
Slide 7: TAM: significant opportunities to drive future growth
Business Overview TAM: significant opportunities to drive future growth PAGBANK MARKET SHARE Includes self-employed individuals in the informal economy 6.3 MEI - Individual-like Merchants 19M 16.8M 40.3 ACTIVE MERCHANTS 15.6% MILLION ME - Micro Businesses 3.9M MILLION¹ EPP - Small Businesses 0.6M AC
Slide 8: Banking: Higher transactionality and engagement
Banking Higher transactionality and engagement Cash-in¹ Cash-in per Active Banking Client Highlights R$ Billion R$ Thousand ▪ Cash-In (non-acquiring) +11% +12% Sustained growth in inflows, reflecting the strength of our 91 5.3 banking platform and PIX’s expanded role as a core pillar of 81 4.8 74 4.
Slide 9: Credit portfolio +36%, NPL remains well below industry levels
Credit Credit portfolio +36%, NPL remains well below industry levels Credit Portfolio Credit Portfolio Evolution R$ Billion % Credit Portfolio QoQ % +36% 3Q25 Q1-26 Q1-25 YoY % Q4-25 5.0 Payroll Loans 3.5 2.7 29% 3.3 8% 4.6 Credit Card 1.0 0.8 26% 0.8 7% 3.7 72% 71% Working Capital 0.5 0.2 191% 0.4
Slide 10: Deposits +23% y/y with declining funding costs
Funding Deposits +23% y/y with declining funding costs Total Funding R$ Billion Highlights +15% 44.7 46.6 ▪ Deposits growth remain strong despite macro scenario 40.4 4.1 5.0 6.5 +23% ▪ Cost Efficiency: 8th quarter of consistent cost reduction as % of CDI 40.7 41.6 ▪ Financial Letter issued in March
Slide 11: Financial Results
Financial Results 11
Slide 12: Strong banking and credit acceleration drive y/y expansion
Revenue and Gross Profit Strong banking and credit acceleration drive y/y expansion Total Revenue and Income¹ Gross Profit R$ Million R$ Million Payments Banking +6% +1% 3,546 2,058 3,335 1,889 3,135 1,874 +44% +41% 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 1. Total Revenue and Income: Net of Transaction Costs
Slide 13: Opex efficiency: operating leverage +230bps y/y
P&L Opex efficiency: operating leverage +230bps y/y Total Expenses R$ Million Highlights 1Q-26 Q4-25 1Q-25 Q1-25 YoY YoY%% 4Q-25 Q4-25 QoQ % QoQ% Total Revenue and Income (ex-ITC) 3,335 3,134 6% 3,546 -6% 1. 1 Financial Costs, impacted by the Brazilian interest rate cycle, leading to 1 Financial Cos
Slide 14: ROAE of 15.8% in 1Q26, +80 bps y/y
Profitability Analysis ROAE of 15.8 % in 1Q26, +80 bps y/y, aligned with solid capital structure Net Income (Non-GAAP) EPS diluted (Non-GAAP) Equity and ROAE R$ Million R$ Billion +4% +12% ROAE (non-GAAP, annualized) 678 2.33 15.8% +80 bps 575 2.03 15.0% 554 1.81 Equity 14.9 14.6 14.5 Q1-25 Q4-25 Q1
Slide 15: Capital strength and value creation: R$2.4bn returned LTM
Capital Structure Capital strength and value creation: R$2.4bn returned to shareholders LTM Highlights Buybacks & Dividends Basel Index² % 1. 1 Current buyback program (USD 200M) is Amount Repurchased (R$ Billion) Dividend Payout ~90% executed, including more than R$ 280M repurchased in 2026 (Januar
Slide 16: FY2026 Guidance
FY2026 Guidance Strong business execution with top delivery for Credit and EPS 1Q26A 2026 Guidance Credit Portfolio 36% 25% 35% % y/y Gross Profit 1% 6% 9% % y/y EPS (Non-GAAP, diluted)1 12% 9% 13% % y/y CAPEX 566 1.8B 2.0B R$ 1. Please see the Appendix for a reconciliation of this non-GAAP financia
Slide 17: Closing Remarks
Closing y ‘ y Remarks r l
Slide 18: Closing Remarks
Closing Remarks Closing Remarks 1Q 2026 Takeaways ▪ Momentum building across our core growth engines: credit continues to scale (+36% y/y) with discipline and asset quality below industry levels, driven by working capital (+191% y/y) while acquiring volumes confirm a sustained recovery trajectory in
Slide 19: Q&A
Q&A Earnings Presentation 19
Slide 20: Appendix
Appendix Q1 2026 Earnings Presentation May 12, 2026 PagSeguro Digital Ltd. (NYSE: PAGS) 20
Slide 21: Net Income Reconciliation and EPS
APPENDIX Net Income Reconciliation and EPS R$ Million Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Net Income | GAAP 525 537 554 502 546 Non-GAAP Items 29 28 17 34 30 Long-term Incentive Plan 23 21 3 31 24 Amortization of Fair Value Adjustment 5 5 5 3 2 Amortization of Capitalized Expenses of Platforms Development
Slide 22: Investor Relations Media Press
YouTube Logo PNG, Transparent YouTube Logo Icon Free DOWNLOAD Linkedin - ícones de mídia social grátis Investor Relations Website: https://investors.pagbank.com/ E-mail: ir@pagbank.com Media Press Website: https://xcom.net.br/ E-mail: pagbank@xcombyatrevia.com
PagSeguro Digital Ltd. Class A Common Shares — Q1 2026 Earnings Presentation on 6ix