Joint Stock Company Kaspi.kz revenue and financials

KSPI · NASDAQ · USD

$93.16−0.87%−$0.82

Close · October 6, 2026

In the fiscal year ended December 2025, Joint Stock Company Kaspi.kz reported revenue of ₸4.04T (+58.93% year over year). Net income was ₸1.07T, a net margin of 26.5%.

Annual revenue · 2025: ₸4.04T
  1. ₸885.48B2021
  2. ₸1.27T2022
  3. ₸1.9T2023
  4. ₸2.54T2024
  5. ₸4.04T2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+58.93%
2025 vs 2024
Net income growth
+3.22%
2025 vs 2024
Net margin
26.5%
2024: 40.9%

Financial data

Amounts in millions of KZT; per-share values in KZT; shares in millions.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total revenue1,109,6211,064,8591,131,4281,123,954976,681811,265744,178649,355598,715551,891570,718502,185
Cost of revenue318,562321,025362,381351,656286,762208,39299,42384,12979,69869,40965,33447,697
Gross profit791,059743,834769,047772,298689,919602,873644,755565,226519,017482,482505,384454,488
Selling, general and administrative65,03760,60571,22570,64151,35642,52225,40119,77619,62018,49921,16512,774
Research and development58,88857,90957,89353,84947,20339,92727,67726,03524,87025,25727,10521,242
Operating income611,046574,480602,110606,404549,423479,933562,014491,851442,850413,673434,645397,269
EBIT611,046574,480602,110606,404549,423479,933562,014491,851442,850413,673434,645397,269
EBITDA634,791597,322622,096629,856569,395494,775569,521499,099449,759420,843442,242404,409
Interest expense264,033267,950261,234246,110200,479183,067164,595158,937147,085145,499133,579123,957
Pre-tax income327,981322,301355,996346,514321,956307,452383,592333,313296,287269,097301,141279,563
Income tax69,09270,39479,01368,46863,32753,40367,19158,93753,67045,65753,14847,071
Net income256,733249,394284,376279,418257,327252,056311,896269,693238,551219,599244,278231,156
Net income to common shareholders256,733249,394284,376279,418257,327252,056311,896269,693238,551219,599244,278231,156
Basic EPS1,352.001,313.491,490.961,465.001,348.001,326.501,641.411,419.001,256.001,160.191,288.991,218.00
Diluted EPS1,346.001,308.001,469.191,458.001,343.001,321.001,623.861,409.001,246.001,151.001,263.461,207.00
Average shares (basic)190190191191191190190190190189190190
Average shares (diluted)191191194192192191192191191191193192
Dividend per share1,000.00850.00850.00————850.00850.00850.00850.00850.00