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J

Joint Stock Company Kaspi.kz KSPI · USD

Financials · US listing · 🇺🇸 United States

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89.47

-2.42%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue, before interest expense

$8.50bn

FY2019FY2025

Net income

$2.24bn

FY2019FY2025

Total assets

$23.93bn

FY2019FY2025

Shareholders' equity

$5.38bn

FY2019FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue, before interest expense$8.50bn$5.44bn$4.08bn$2.74bn$1.91bn$1.40bn$1.13bn
Research and development$450.5m$236.6m$191.5m$131.3m$95.9m$66.6m$43.9m
Operating income$2.80bn$2.75bn$2.16bn$2.27bn$1.59bn$686.4m$516.5m
Net income$2.24bn$2.25bn$1.82bn$1.26bn$932.8m$563.6m$418.5m
Diluted earnings per share11.8011.739.606.514.802.912.16

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Total assets$23.93bn$18.09bn$14.73bn$11.06bn$7.79bn$6.06bn$4.72bn
Cash and short-term investments$4.45bn$4.56bn$4.75bn$3.71bn$2.05bn$2.58bn$1.54bn
Total liabilities$18.31bn$14.70bn$12.35bn$9.28bn$6.70bn$5.21bn$4.09bn
Debt$969.7m$368.0m$829.3m$1.01bn$805.0m$637.9m$28.3m
Shareholders' equity$5.38bn$3.28bn$2.33bn$1.77bn$1.08bn$844.7m$630.7m
Shares outstanding190m191m189m194m194m194m194m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue, before interest expense$2.39bn$2.21bn$2.40bn$2.40bn$2.09bn$1.77bn$1.56bn$1.41bn
Operating income$703.6m$660.5m$743.8m$1.37bn$1.17bn$664.0m$815.7m$726.0m
Net income$555.4m$516.2m$578.7m$600.5m$555.8m$544.4m$673.6m$582.5m
Diluted earnings per share2.922.723.053.162.922.863.523.04
Total assets$25.76bn$23.97bn$23.93bn$22.35bn$21.70bn$20.07bn$18.09bn$16.46bn
Cash and short-term investments$1.00bn$4.28bn$4.45bn$3.83bn$4.85bn$4.14bn$4.56bn$4.18bn
Debt—$889.0m$969.7m$1.71bn$1.28bn$1.32bn$368.0m$464.0m
Shareholders' equity$5.64bn$5.80bn$5.38bn$4.91bn$4.22bn$3.69bn$3.28bn$2.89bn

Financial ratios

Data as of 30 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin33.4%50.4%52.8%78.7%79.2%50.0%
Net margin26.4%41.2%44.5%46.1%48.8%40.3%
Return on equity41.7%68.5%78.0%71.4%86.4%66.7%
Return on assets9.4%12.4%12.3%11.4%12.0%9.3%
Revenue growth56.1%33.4%48.9%43.3%36.7%23.4%
Earnings growth-0.1%23.6%43.8%35.4%65.5%34.7%
Current ratio1.23x1.20x0.88x0.90x1.22x1.21x
Debt to equity0.18x0.11x0.36x0.57x0.75x0.76x
Equity ratio22.5%18.1%15.8%16.0%13.9%13.9%
Interest coverage1.49x—————
R&D as a share of sales5.3%4.3%4.7%4.8%5.0%4.8%
Buybacks as a share of market value0.7%-1.1%2.5%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue45.8%43.5%—
Operating income7.2%32.4%—
Net income21.1%31.8%—

Average margins

Over each period

1 year3 years5 years10 years
Operating margin39.8%48.0%50.8%—
Net margin32.2%36.4%37.7%—

Valuation history

At each fiscal year end

FY2025FY2024
Price to earnings6.68.1
Price to sales1.83.3

Market value over time

18 Dec 2020 to 29 Sept 2026, in USD

$10.33bn$18.19bn

Share price return

Finished calendar years

20252024
Return-19%1%

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 10 Sept 2026.

FY2026
Paid in the year5.706

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.