KSPI
Joint Stock Company Kaspi.kz
NASDAQ: KSPI · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
$85.90
+0.00% today
Updated 2026-04-29
Market cap
$16.31B
P/E ratio
7.09
P/S ratio
1.91x
EPS (TTM)
$12.11
Dividend yield
—
52W range
$67 – $97
Volume
0.6M
Joint Stock Company Kaspi.kz (KSPI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $524.58B | $647.52B | $885.48B | $1.27T | $1.89T | $2.52T | $3.94T |
| Revenue growth (YoY) | — | +23.4% | +36.7% | +43.3% | +48.9% | +33.4% | +56.1% |
| Cost of revenue | $174.19B | $199.31B | $73.37B | $103.89B | $671.84B | $949.47B | $1.04T |
| Gross profit | $350.39B | $448.21B | $812.11B | $1.17T | $1.22T | $1.57T | $2.89T |
| Gross margin | 66.8% | 69.2% | 91.7% | 91.8% | 64.5% | 62.3% | 73.5% |
| R&D | $20.33B | $30.82B | $44.39B | $60.81B | $88.66B | $109.55B | $208.58B |
| SG&A | $11.88B | $18.41B | $23.68B | $22.66B | $29.47B | $32.90B | $224.48B |
| Operating income | $239.14B | $317.82B | $735.33B | $1.05T | $998.80B | $1.27T | $1.30T |
| Operating margin | 45.6% | 49.1% | 83.0% | 82.8% | 52.8% | 50.4% | 32.9% |
| EBITDA | $251.51B | $325.95B | $713.63B | $1.02T | $998.80B | $1.27T | $1.30T |
| EBITDA margin | 47.9% | 50.3% | 80.6% | 80.0% | 52.8% | 50.4% | 32.9% |
| EBIT | $249.80B | $323.91B | $700.95B | $998.56B | $998.80B | $1.27T | — |
| Interest expense | — | — | — | — | — | — | $883.76B |
| Income tax | $42.02B | $54.48B | $93.59B | $131.73B | $173.23B | $225.46B | — |
| Effective tax rate | 17.8% | 17.3% | 17.8% | 18.4% | 17.1% | 17.8% | 0.0% |
| Net income | $193.79B | $260.96B | $431.91B | $585.03B | $841.35B | $1.04T | $1.04T |
| Net income growth (YoY) | — | +34.7% | +65.5% | +35.4% | +43.8% | +23.6% | -0.1% |
| Profit margin | 36.9% | 40.3% | 48.8% | 46.1% | 44.5% | 41.2% | 26.4% |