StoneCo Ltd. (STNE) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, everyone. Thank you for standing by. Welcome to StoneCo's second quarter 2026 earnings conference call. By now, everyone should have access to our earnings release. The company also posted the presentation to go along with this call. All material can be found online at investors.stone.co. Before we begin the call, I advise you to review the disclaimer included in the press release and presentation, which outlines important information about forward-looking statements and non-IFRS financial measures. In addition, many of the risks regarding the business Artists' Securities and Exchange Commission, which is also available at www.fcc.gov. Thank you operator and good evening everyone. Let me start with some perspective on the quarter. This was a quarter of steady progress on the priorities we laid out earlier in the year. Reaccelerating TPP growth through better retention, deepening our banking and credit franchises, and keeping a disciplined approach to costs. PPV growth accelerated to 4%, an early signal that the retention initiatives we launched this year are beginning to work, though there is still a lot of work to be done. Banking and credit kept advancing, with retail deposits up 22% year-over-year, and our credit portfolio now more than doubled its level from a year ago. On costs, We kept expense growth well below revenue growth, while scaling the use of AR more broadly across the company. Finally, we continued to return meaningful capital to shareholders throughout the quarter. Having said that, today I want to spend a few minutes on something that goes beyond the quarterly numbers. How we are positioning Stone today for the long term, and how our ecosystem is coming together for the merchants. Let's turn to slide 3. This quarter, we launched our ne...