BeStock  

Kaspi.kz KSPI

US equityMarket cap rank #623Software - Infrastructure
$91.34 −$2.73 (-2.90%)
Market open · Oct 1, 11:50 am ET · After hours $94.06 0.00%
Open$92.93
Prev close$94.06
Day range$90.59 – $93.48
Volume331.4K
Market cap$17.36B
P/E (TTM)7.2
Dividend yield3.96%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026 · reported in KZT

RevenueKZT 1.10T+13.9% YoY
Operating profitKZT 615.61B+11.8% YoY
Net profitKZT 258.89B+0.1% YoY
Diluted EPSKZT 1,346.00+0.2% YoY
Free cash flowKZT 655.02B+64.5% YoY
Operating cash flowKZT 711.42B

Revenue, last 8 quarters

KZT 652.6BSep '24KZT 724.5BDec '24KZT 816.0BMar '25KZT 969.5BJun '25KZT 1.1TSep '25KZT 1.1TDec '25KZT 1.1TMar '26KZT 1.1TJun '26

Net profit, last 8 quarters

KZT 274.4BSep '24KZT 316.4BDec '24KZT 254.0BMar '25KZT 258.6BJun '25KZT 278.0BSep '25KZT 277.0BDec '25KZT 251.9BMar '26KZT 258.9BJun '26

Diluted EPS by quarter

1,409.00Sep '241,665.13Dec '241,321.00Mar '251,343.00Jun '251,458.00Sep '251,456.06Dec '251,308.00Mar '261,346.00Jun '26

Free cash flow by quarter

KZT 163.4BSep '24KZT 255.3BDec '24KZT -151.5BMar '25KZT 398.2BJun '25KZT -143.6BSep '25KZT 388.1BDec '25KZT 53.5BMar '26KZT 655.0BJun '26

Annual revenue

KZT 647.5BFY20KZT 889.6BFY21KZT 1.3TFY22KZT 1.9TFY23KZT 2.5TFY24KZT 4.0TFY25

Profitability & balance sheet

Gross margin48.6%
Operating margin33.2%
Net margin24.3%
Return on equity46.6%
Return on assets9.7%
Return on invested capital36.0%
Current ratio1.26
Liabilities / assets77.4%
Cash & investmentsKZT 2.55T
Total debtKZT 689.30B
Net cash (debt)KZT 1.86T
Free cash flow / sales21.6%

This company reports in its own local currency, not U.S. dollars. Every figure below is labeled with its real currency, not automatically converted.

Income statement

Line item 2026 Q2
(KZT)
2026 Q1
(KZT)
2025 ANNUAL
(KZT)
2025 Q4
(KZT)
2025 Q3
(KZT)
Total Revenue as Reported KZT 1.11T KZT 1.08T KZT 4.05T KZT 1.15T KZT 1.11T
Total Operating Revenue KZT 1.10T KZT 1.06T KZT 4.03T KZT 1.14T KZT 1.10T
Cost of Revenue KZT 308.90B KZT 589.39B KZT 2.12T KZT 624.02B KZT 598.16B
Gross Profit KZT 795.14B KZT 466.43B KZT 1.91T KZT 519.48B KZT 500.61B
Operating Expense KZT 179.53B KZT 168.94B KZT 594.71B KZT 166.53B KZT 165.51B
Selling and Admin Expenses KZT 56.50B KZT 53.30B KZT 224.48B KZT 71.97B KZT 66.05B
-Selling & Marketing Expense KZT 32.98B KZT 29.87B KZT 146.23B KZT 50.31B KZT 43.93B
-General & Admin Expense KZT 23.52B KZT 23.43B KZT 78.25B KZT 21.65B KZT 22.12B
Research & Development KZT 63.70B KZT 61.58B KZT 208.58B KZT 56.74B KZT 58.05B
Depreciation & Amortization & Depletion KZT 3.24B KZT 3.22B – – –
-Depreciation & Amortization KZT 3.24B KZT 3.22B – – –
Other Operating Expenses KZT 56.09B KZT 50.84B KZT 161.65B KZT 37.82B KZT 41.40B
Operating Profit KZT 615.61B KZT 297.50B KZT 1.31T KZT 352.95B KZT 335.10B
Net Non-Operating Interest Income (Expense) -KZT 285.60B – – – –
Non-Operating Interest Expense KZT 285.60B – – – –
Other Income (Expense) -KZT 2.03B KZT 23.59B KZT 18.25B KZT 3.05B KZT 11.41B
Special Income (Charges) -KZT 10.15B – – – –
-Less:Restructuring and Mergern & Acquisition KZT 10.15B – – – –
Other Non-Operating Income (Expenses) KZT 8.12B KZT 23.59B KZT 18.25B KZT 3.05B KZT 11.41B
Pretax Profit KZT 327.98B KZT 322.30B KZT 1.33T KZT 356.00B KZT 346.51B
Tax KZT 69.09B KZT 70.39B KZT 264.21B KZT 79.01B KZT 68.47B
Net Profit KZT 258.89B KZT 251.91B KZT 1.07T KZT 276.98B KZT 278.05B
Profit from Continuing Operations KZT 258.89B KZT 251.91B KZT 1.07T KZT 276.98B KZT 278.05B
Minority Interests KZT 2.16B KZT 2.51B -KZT 5.47B -KZT 7.39B -KZT 1.37B
Net Income to Parent Company KZT 256.73B KZT 249.39B KZT 1.07T KZT 284.38B KZT 279.42B
Net Income to Common Stockholders KZT 256.73B KZT 249.39B KZT 1.07T KZT 284.38B KZT 279.42B
Basic EPS KZT 1,352.00 KZT 1,313.00 KZT 5,631.00 KZT 1,456.06 KZT 1,465.00
Diluted EPS KZT 1,346.00 KZT 1,308.00 KZT 5,592.00 KZT 1,456.06 KZT 1,458.00
Dividend Per Share KZT 898.64 KZT 834.57 KZT 0.00 KZT 0.00 KZT 0.00

Balance sheet

Line item 2026 Q2
(KZT)
2026 Q1
(KZT)
2025 ANNUAL
(KZT)
2025 Q4
(KZT)
2025 Q3
(KZT)
Total Assets KZT 12.06T KZT 11.10T KZT 11.08T KZT 11.08T KZT 10.35T
Total Current Assets KZT 10.63T KZT 9.73T KZT 9.84T KZT 9.84T KZT 9.06T
Cash and Cash Equivalents & Short-Term Investments KZT 2.55T KZT 1.98T KZT 2.06T KZT 2.06T KZT 1.77T
-Cash and Cash Equivalents KZT 998.61B KZT 797.08B KZT 903.14B KZT 903.14B KZT 501.52B
-Short Term Investments KZT 1.55T KZT 1.19T KZT 1.16T KZT 1.16T KZT 1.27T
Receivables KZT 7.50T KZT 7.32T KZT 7.30T KZT 7.30T KZT 6.85T
-Loans Receivable KZT 7.44T KZT 7.26T KZT 7.17T KZT 7.17T KZT 6.80T
-Other Receivables KZT 55.52B KZT 62.35B KZT 100.03B KZT 100.03B KZT 46.97B
Inventory KZT 110.64B KZT 106.00B KZT 124.52B KZT 124.52B KZT 142.28B
Restricted Cash KZT 469.80B KZT 317.84B KZT 305.13B KZT 305.13B KZT 301.54B
Total Non-Current Assets KZT 1.43T KZT 1.37T KZT 1.24T KZT 1.24T KZT 1.28T
Net PPE KZT 748.24B KZT 715.01B KZT 313.90B KZT 313.90B KZT 427.93B
Investments and Advances KZT 22.10B KZT 23.14B KZT 57.79B KZT 57.79B KZT 38.14B
Goodwill and Other Intangible Assets KZT 459.12B KZT 448.60B KZT 847.59B KZT 847.59B KZT 617.72B
-Goodwill KZT 459.12B KZT 448.60B KZT 447.13B KZT 447.13B KZT 617.72B
Other Non-Current Assets KZT 201.45B KZT 179.95B KZT 2.86B KZT 2.86B KZT 200.93B
Total Liabilities KZT 9.33T KZT 8.32T KZT 8.48T KZT 8.48T KZT 8.01T
Total Current Liabilities KZT 8.44T KZT 7.71T KZT 7.99T KZT 7.99T KZT 7.38T
Payables KZT 8.36T KZT 7.63T KZT 7.82T KZT 7.82T KZT 7.38T
-Accounts Payable KZT 8.36T KZT 7.63T KZT 7.80T KZT 7.80T KZT 7.38T
Short-Term Debt and Capital Lease Obligation KZT 76.99B KZT 76.85B KZT 100.82B KZT 100.82B –
-Current Debt KZT 76.99B KZT 76.85B KZT 100.82B KZT 100.82B –
Total Non-Current Liabilities KZT 890.60B KZT 616.70B KZT 485.89B KZT 485.89B KZT 625.70B
Long Term Debt and Capital Lease Obligation KZT 612.31B KZT 334.79B KZT 369.76B KZT 369.76B KZT 438.05B
-Long Term Debt KZT 612.31B KZT 334.79B KZT 348.18B KZT 348.18B KZT 438.05B
Non-Current Deferred Liabilities KZT 73.21B KZT 71.61B KZT 71.41B KZT 71.41B –
Other Non-Current Liabilities KZT 205.08B KZT 210.30B KZT 9.77B KZT 9.77B KZT 187.65B
Total Equity KZT 2.73T KZT 2.78T KZT 2.60T KZT 2.60T KZT 2.34T
Stockholders' Equity KZT 2.64T KZT 2.68T KZT 2.49T KZT 2.49T KZT 2.27T
Capital Stock KZT 130.14B KZT 130.14B KZT 130.14B KZT 130.14B KZT 130.14B
-Common Stock KZT 130.14B KZT 130.14B KZT 130.14B KZT 130.14B KZT 130.14B
Additional Paid-In Capital KZT 506.00M KZT 506.00M KZT 506.00M KZT 506.00M KZT 506.00M
Retained Earnings KZT 2.70T KZT 2.77T KZT 2.54T KZT 2.54T KZT 2.27T
Less: Treasury Stock KZT 187.71B KZT 187.71B KZT 169.99B KZT 169.99B KZT 148.09B
Gains/Losses Not Affecting Retained Earnings -KZT 19.74B -KZT 41.48B -KZT 40.55B -KZT 40.55B KZT 373.00M
Other Equity Interests KZT 14.18B KZT 11.43B KZT 27.94B KZT 27.94B KZT 18.88B
Minority Interests KZT 91.39B KZT 90.94B KZT 109.73B KZT 109.73B KZT 70.82B
-Accounts Receivable – – KZT 26.38B KZT 26.38B –
-Taxes Receivable – – KZT 12.55B KZT 12.55B –
-Receivables Adjustments Allowances – – -KZT 12.46B -KZT 12.46B –
Prepaid Assets – – KZT 58.03B KZT 58.03B –
-Gross PPE – – KZT 513.24B KZT 513.24B –
-Accumulated Depreciation – – -KZT 199.34B -KZT 199.34B –
-Available for Sale Securities – – KZT 36.07B KZT 36.07B KZT 2.31B
Financial Assets – – KZT 747.00M KZT 747.00M –
-Other Intangible Assets – – KZT 400.46B KZT 400.46B –
-Total Tax Payable – – KZT 29.67B KZT 29.67B –
-Dividends Payable – – KZT 0.00 KZT 0.00 –
Current Accrued Expenses – – KZT 9.83B KZT 9.83B –
Current Deferred Liabilities – – KZT 58.70B KZT 58.70B –
-Long Term Capital Lease Obligation – – KZT 21.59B KZT 21.59B –
Derivative Product Liabilities – – KZT 7.06B KZT 7.06B –
Employee Benefits – – KZT 27.73B KZT 27.73B –
Convertible preferred securities – – KZT 161.00M KZT 161.00M –

Cash flow

Line item 2026 Q2
(KZT)
2026 Q1
(KZT)
2025 ANNUAL
(KZT)
2025 Q4
(KZT)
2025 Q3
(KZT)
Operating Cash Flow KZT 711.42B KZT 86.51B KZT 673.61B KZT 460.06B -KZT 111.43B
Net cash flow from continuing operations KZT 711.42B KZT 86.51B KZT 673.61B KZT 460.06B -KZT 111.43B
Other Non-Cash Items KZT 202.19B KZT 216.99B KZT 899.38B KZT 259.51B KZT 187.28B
Change in Working Capital KZT 347.04B -KZT 291.63B -KZT 734.10B KZT 92.04B -KZT 417.18B
-Change in Receivables -KZT 246.22B -KZT 177.89B -KZT 1.68T -KZT 436.60B -KZT 474.33B
-Change in Inventory -KZT 4.64B KZT 18.53B -KZT 6.93B KZT 17.75B -KZT 30.80B
-Change in Payables and Accrued Expense KZT 746.48B -KZT 136.46B KZT 1.08T KZT 471.69B KZT 327.68B
-Change in Other Current Assets -KZT 32.87B KZT 905.00M -KZT 44.48B -KZT 7.11B -KZT 17.13B
-Change in Other Current Liabilities KZT 36.26B KZT 16.01B KZT 159.50B KZT 49.90B KZT 1.81B
-Change In Other Working Capital -KZT 151.96B -KZT 12.71B -KZT 247.82B -KZT 3.59B -KZT 224.42B
Net cash flow from investing -KZT 451.25B -KZT 88.65B -KZT 507.80B KZT 29.65B -KZT 409.89B
Net Cash Flow from Continuing Investing Activities -KZT 451.25B -KZT 88.65B -KZT 507.80B KZT 29.65B -KZT 409.89B
Net PPE Purchase and Sale -KZT 56.35B -KZT 32.94B -KZT 182.51B -KZT 72.20B -KZT 32.17B
Net Business Purchase and Sale KZT 0.00 KZT 0.00 -KZT 552.83B KZT 0.00 -KZT 287.12B
Net Investment Purchase and Sale -KZT 394.90B -KZT 55.71B KZT 227.54B KZT 101.85B -KZT 90.60B
Financing Cash Flow -KZT 53.54B -KZT 80.28B KZT 150.25B -KZT 66.14B -KZT 60.07B
Net Cash Flow from Continuing Financing Activities -KZT 53.54B -KZT 80.28B KZT 150.25B -KZT 66.14B -KZT 60.07B
Net Issuance Payments Of Debt KZT 275.26B KZT 0.00 KZT 217.95B KZT 0.00 -KZT 59.10B
Net Common Stock Issuance KZT 0.00 -KZT 28.37B -KZT 21.91B -KZT 21.91B KZT 0.00
Net Other Financing Charges -KZT 5.60B -KZT 51.92B -KZT 45.79B -KZT 44.23B -KZT 965.00M
Ending Cash Balance KZT 998.61B KZT 797.08B KZT 903.14B KZT 903.14B KZT 501.52B
Net Change in Cash KZT 206.63B -KZT 82.43B KZT 316.06B KZT 423.58B -KZT 581.39B
Beginning Cash Balance KZT 797.08B KZT 903.14B KZT 619.47B KZT 501.52B KZT 1.08T
Effect of Exchange Rate Changes -KZT 5.09B -KZT 23.64B -KZT 32.39B -KZT 21.95B KZT 4.96B
Free Cash Flow KZT 655.02B KZT 53.55B KZT 491.10B KZT 388.06B -KZT 143.65B
Cash Dividends Paid – – KZT 0.00 KZT 0.00 KZT 0.00

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