Credicorp Ltd
NYSE: BAP · FINANCIAL SERVICES · BANKS - REGIONAL
Updated 2026-06-05
Credicorp Ltd (BAP) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $39.36B | $53.08B | $65.42B | $63.88B | $81.30B | $80.79B | $106.31B | $114.09B | $134.83B | $155.48B | $156.44B | $170.47B | $177.26B | $187.86B | $237.41B | $243.44B | $236.75B | $238.84B | $256.09B | $267.34B |
| Cash & equivalents | $8.35B | $9.22B | $11.83B | $8.41B | $24.47B | $14.47B | $20.44B | $21.76B | $21.65B | $22.04B | $16.63B | $23.21B | $22.14B | $25.96B | $36.73B | $39.32B | $34.11B | $33.85B | $47.51B | $43.30B |
| Current assets | $8.79B | $10.43B | $14.15B | $9.37B | $25.63B | $31.83B | $45.64B | $43.81B | $43.97B | $46.90B | $42.05B | $54.93B | $49.12B | $62.39B | $90.48B | $86.97B | $66.99B | $79.99B | $94.20B | $46.69B |
| Total liabilities | $34.67B | $47.64B | $59.78B | $56.62B | $72.91B | $71.68B | $94.93B | $101.75B | $120.21B | $138.75B | $136.32B | $148.22B | $153.00B | $161.11B | $211.96B | $216.61B | $207.17B | $205.73B | $221.11B | $230.00B |
| Current liabilities | $27.01B | $37.65B | $48.42B | $44.18B | $51.20B | $51.16B | $69.60B | $73.88B | $88.09B | $105.62B | $103.86B | $113.66B | $116.59B | $122.62B | $2.27B | $175.71B | $1.48B | $163.61B | $176.13B | $14.44B |
| Long-term debt | $971.91M | $2.04B | $2.43B | $3.40B | $3.46B | $4.70B | $5.48B | $5.73B | $6.40B | $23.86B | $23.21B | $24.00B | $23.36B | $23.58B | $22.30B | $24.20B | $25.94B | $26.25B | $26.65B | $24.70B |
| Shareholder equity | $4.27B | $5.02B | $5.31B | $6.72B | $8.23B | $8.93B | $10.86B | $11.83B | $13.98B | $16.13B | $19.66B | $21.76B | $23.84B | $26.24B | $25.45B | $26.29B | $29.58B | $32.46B | $34.35B | $36.60B |
| Retained earnings | $702.83M | $1.11B | $1.19B | $1.43B | $1.69B | $1.93B | $2.13B | $1.66B | $2.41B | $3.09B | $3.52B | $4.27B | $4.18B | $4.37B | $347.15M | $3.18B | $4.64B | $4.57B | $5.64B | $6.92B |
| Accounts receivable | $294.74M | $992.43M | $2.03B | $749.98M | $828.71M | $1.27B | $1.76B | $1.69B | $2.14B | $2.60B | $2.07B | $2.51B | $2.87B | $10.73B | $11.01B | $12.12B | $11.99B | $12.29B | $12.26B | $2.17B |
| Inventory | — | — | — | — | — | — | — | $25.11M | $37.95M | $24.67M | $73.47M | $95.01M | $133.11M | $143.35M | $135.09M | $136.13M | $136.08M | $348.58M | — | — |
| Goodwill | $88.84M | $262.58M | $284.71M | — | $141.43M | $491.78M | $991.13M | $920.45M | $739.51M | $631.43M | $636.15M | $635.98M | $591.33M | $865.82M | $820.90M | $796.86M | $772.21M | $798.48M | $722.36M | $1.25B |
Frequently asked questions
What is Credicorp Ltd's revenue?
Credicorp Ltd's trailing twelve-month revenue is $21.92B, and consensus projects about $34.65B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is BAP?
In its most recent fiscal year, BAP ran a gross margin of 73.71%, an operating margin of 34.40%, and a net margin of 23.95%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does BAP generate?
BAP produced $7.74B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is BAP's balance sheet healthy?
BAP holds $43.30B in cash and equivalents against $24.70B in long-term debt, on $36.60B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.