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KSPI

Joint Stock Company Kaspi.kz

Price Chart

No historical data available

Latest Quote

$90.03

+0.84 (+0.94%)
Current Price
Previous Close $89.19
Open $89.31
Day High $91.28
Day Low $88.90
Volume 227,633
Fetched: 2026-07-15T16:51:29
Stock Information
Note: Financial values converted from KZT to USD
Quarterly Dividend / Yield $3.59 / 4.05%
Shares Outstanding 190.03M
Quarterly Dividend Yield 4.05%
Quarterly Dividend $3.59
Sector Technology
Industry Software - Infrastructure
Market Cap $17.11B
P/E Ratio 8.07
EPS (TTM) $11.15
Exchange NMS
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Recent Price History
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About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine. The company operates through three segments: Payments, Marketplace, and Fintech. The Payments segment offers a platform that facilities transactions between and among merchants and consumers. This segment provides ways for consumers to pay for shopping transactions and regular household bills, as well as make peer to peer payments; and enables merchants to accept payment online and in store, issue and settle invoices, pay suppliers, and monitor merchant turnover. It also offers proprietary data, which facilitates informed decision-making across multiple areas of business. Its Marketplace Platform segment connects both online and offline merchants with consumers, enabling merchants to increase sales through an omnichannel strategy and allowing consumers to purchase products and services from various merchants. This segment operates marketplaces through m-commerce, a mobile solution for shopping in person; e-Commerce, which allows consumers to shop anywhere and anytime with free delivery; and Kaspi Travel that allows consumers to book domestic and international flights, domestic rail tickets, and international package holidays. It also enhances merchants' sales by connecting payments and fintech products, Kapsi advertising, and other delivery services. The Fintech Platform segment provides consumers with buy-now-pay-later, finance and savings products, and merchants with merchant finance services. It also involved in the banking; distressed asset management; real estate business; payment processing; online travel; e-grocery; classifieds; and storage and processing of information services. Joint Stock Company Kaspi.kz was incorporated in 2008 and is headquartered in Almaty, the Republic of Kazakhstan.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $4,469,887,918 $2,002,421,176 $1,416,897,287 $809,032,837
Cost Of Revenue $4,469,887,918 $2,002,421,176 $1,416,897,287 $809,032,837
Total Revenue $8,494,651,816 $5,316,616,892 $3,986,608,000 $2,645,115,642
Operating Revenue $8,494,651,816 $5,316,616,892 $3,986,608,000 $2,645,115,642
Expenses
Total Expenses $5,724,135,462 $2,635,960,504 $1,880,137,555 $1,159,984,002
Other Income Expense $38,489,119 $23,681,880 $48,928,633 $34,553,738
Other Non Operating Income Expenses $38,489,119 $23,681,880 $48,928,633 $34,553,738
Operating Expense $1,254,247,544 $633,539,328 $463,240,269 $350,951,165
Other Operating Expenses $340,920,795 $240,334,493 $167,947,533 $116,437,492
Selling And Marketing Expense $308,400,126 $92,774,593 $46,167,961 $54,028,178
General And Administrative Expense $165,032,905 $69,383,754 $62,147,800 $52,243,970
Rent Expense Supplemental - - - $6,755,104
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $2,263,322,566 $2,192,802,065 $1,774,403,201 $1,233,815,622
Normalized Income $2,263,322,566 $2,192,802,065 $1,774,403,201 $1,233,815,622
Net Income From Continuing And Discontinued Operation $2,263,322,566 $2,192,802,065 $1,774,403,201 $1,233,815,622
Net Income Common Stockholders $2,263,322,566 $2,192,802,065 $1,774,403,201 $1,233,815,622
Net Income $2,263,322,566 $2,192,802,065 $1,774,403,201 $1,233,815,622
Net Income Including Noncontrolling Interests $2,251,786,376 $2,228,855,297 $1,790,049,819 $1,241,867,756
Net Income Continuous Operations $2,251,786,376 $2,228,855,297 $1,790,049,819 $1,241,867,756
Pretax Income $2,809,005,472 $2,704,338,269 $2,155,399,078 $1,519,685,378
Operating Income $2,770,516,354 $2,680,656,388 $2,106,470,445 $1,485,131,640
Gross Profit $4,024,763,898 $3,314,195,716 $2,569,710,713 $1,836,082,805
Total Operating Income As Reported - - - $1,519,685,378
Depreciation Amortization Depletion Income Statement - - - $6,008,520
Depreciation And Amortization In Income Statement - - - $6,008,520
Depreciation Income Statement - - - $6,008,520
Per Share
Diluted EPS $11.79 $11.45 $9.24 $6.36
Basic EPS $11.88 $11.55 $9.34 $6.43
Other
Tax Effect Of Unusual Items $0 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $2,770,516,354 $2,680,656,388 $2,106,470,445 $1,485,131,640
EBITDA (Bullshit earnings) $2,770,516,354 $2,680,656,388 $2,106,470,445 $1,485,131,640
EBIT $2,770,516,354 $2,680,656,388 $2,106,470,445 $1,485,131,640
Diluted Average Shares $404,717 $403,725 $405,058 $409,127
Basic Average Shares $401,935 $400,354 $400,413 $404,347
Diluted NI Availto Com Stockholders $2,263,322,566 $2,192,802,065 $1,774,403,201 $1,233,815,622
Minority Interests $11,536,191 $-36,053,232 $-15,646,618 $-8,052,135
Tax Provision $557,219,097 $475,482,972 $365,349,259 $277,817,622
Research And Development $439,893,718 $231,046,488 $186,976,975 $128,241,525
Selling General And Administration $473,433,031 $162,158,347 $108,315,761 $106,272,147
Other Gand A $165,032,905 $69,383,754 $62,147,800 $52,243,970
Total Unusual Items - - - $-27,096,339
Total Unusual Items Excluding Goodwill - - - $-27,096,339
Reconciled Depreciation - - - $6,008,520
Otherunder Preferred Stock Dividend - - - $0
Gain On Sale Of Security - - - $-27,096,339
Rent And Landing Fees - - - $4,561,751
Salaries And Wages - - - $34,832,125
Fetched: 2026-07-13
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $3,467,717,738 $3,002,577,267 $2,135,203,363 $1,695,339,170
Total Assets $23,371,326,743 $17,667,245,694 $14,387,405,470 $10,801,516,647
Total Non Current Assets $2,608,786,132 $747,060,084 $3,782,666,287 $2,680,335,821
Other Non Current Assets $6,021,174 $3,079,129 $-466,087 $-468,196
Financial Assets $1,575,418 $36,167,118 $1,353,973 $63,270
Investmentin Financial Assets $121,880,803 $72,277,292 $130,403,243 $72,659,020
Financial Assets Designatedas Fair Value Through Profitor Loss Total $45,800,997 $0 - $63,270
Goodwill And Other Intangible Assets $1,787,561,207 $197,237,225 $138,550,282 $32,273,917
Other Intangible Assets $844,571,475 $160,460,608 $66,680,025 $32,273,917
Current Assets $20,762,540,612 $16,920,185,610 $10,604,739,183 $8,121,180,826
Restricted Cash $643,508,537 $120,860,050 $99,354,651 $90,511,644
Prepaid Assets $122,376,416 $117,435,046 $57,545,978 $35,631,433
Inventory $262,616,001 $34,089,760 $30,306,227 $4,795,850
Receivables $15,392,836,153 $12,199,614,372 $5,778,011,792 $4,368,531,833
Receivables Adjustments Allowances $-26,271,723 $-18,008,690 - $-14,906,361
Other Receivables $210,964,659 $85,814,917 $8,771,301 $7,377,257
Taxes Receivable $26,472,078 $12,270,120 $13,567,151 $2,222,878
Loans Receivable $15,126,038,018 $12,119,538,024 $5,755,673,340 $4,358,931,698
Accounts Receivable $55,633,121 $0 - -
Cash Cash Equivalents And Short Term Investments $4,341,203,504 $4,448,186,382 $4,639,520,536 $3,621,710,066
Cash And Cash Equivalents $1,904,722,084 $1,306,457,770 $1,730,356,887 $1,297,789,809
Cash Equivalents $1,198,285,420 $662,691,936 $603,789,876 $504,892,876
Cash Financial $706,436,664 $643,765,834 $1,126,567,011 $792,896,933
Non Current Note Receivables - $4,828,545,343 $3,177,929,474 $2,294,539,878
Fixed Assets Revaluation Reserve - - $20,497,301 $-19,404,843
Hedging Assets Current - - $1,353,973 $63,270
Non Current Prepaid Assets - - - $10,895,057
Non Current Accounts Receivable - - - $7,377,257
Assets Held For Sale Current - - - -
Debt
Total Debt $992,441,396 $467,049,110 $468,525,404 $563,229,726
Long Term Debt And Capital Lease Obligation $779,821,178 $159,279,572 $324,785 $45,725,073
Long Term Debt $734,298,568 $159,279,572 $324,785 $45,725,073
Current Debt And Capital Lease Obligation $212,620,218 $307,769,537 $468,200,620 $517,504,653
Current Debt $212,620,218 $307,769,537 $468,200,620 $517,504,653
Other Current Borrowings $212,620,218 $176,425,684 $127,087,906 $90,123,589
Liabilities
Total Liabilities Net Minority Interest $17,884,619,582 $14,350,093,169 $12,060,737,196 $9,060,144,491
Total Non Current Liabilities Net Minority Interest $1,024,727,967 $218,692,008 $41,045,218 $78,743,464
Other Non Current Liabilities $20,606,969 $31,843,682 $18,297,622 $16,140,122
Derivative Product Liabilities $14,887,380 $552,556 $2,456,977 $310,022
Non Current Deferred Liabilities $150,601,067 $9,231,061 $6,668,635 $6,843,682
Non Current Deferred Taxes Liabilities $150,601,067 $9,231,061 $6,668,635 $6,843,682
Current Liabilities $16,859,891,615 $14,131,401,161 $12,019,691,978 $8,981,401,027
Current Deferred Liabilities $123,791,550 $28,844,695 $26,227,434 $23,093,471
Current Notes Payable $0 $131,343,854 $341,112,713 $427,381,064
Payables And Accrued Expenses $16,523,479,847 $13,794,786,929 $11,525,263,924 $8,440,802,903
Payables $16,502,758,992 $13,789,936,246 $11,519,550,663 $8,434,307,205
Dividends Payable $0 $763,455 $2,617,260 $2,604,606
Total Tax Payable $62,580,143 $46,737,389 $34,568,501 $34,749,874
Income Tax Payable $1,345,537 $7,179,011 $2,311,456 $12,563,270
Accounts Payable $16,440,178,849 $13,742,435,401 $11,377,592,248 $8,347,302,816
Other Current Liabilities - $291,041 $200,354 $189,809
Other Payable - $32,400,456 $104,772,653 $49,649,908
Interest Payable - - $92,888,479 $61,612,116
Equity
Common Stock Equity $5,255,278,946 $3,199,814,492 $2,273,753,645 $1,727,613,087
Total Equity Gross Minority Interest $5,486,707,162 $3,317,152,524 $2,326,668,274 $1,741,372,156
Stockholders Equity $5,255,278,946 $3,199,814,492 $2,273,753,645 $1,727,613,087
Other Equity Interest $58,921,041 $67,011,137 $73,414,039 $61,738,655
Gains Losses Not Affecting Retained Earnings $-85,509,113 $86,523,539 $20,497,301 $-19,404,843
Other Equity Adjustments $-85,509,113 $86,523,539 $20,497,301 $-19,404,843
Retained Earnings $5,364,824,250 $3,090,296,605 $2,224,871,409 $1,608,107,010
Preferred Securities Outside Stock Equity $339,548 $291,041 $200,354 $189,809
Other
Treasury Shares Number $19,555 $20,002 $21,441 $19,382
Ordinary Shares Number $401,189 $400,742 $399,303 $401,362
Share Issued $420,744 $420,744 $420,744 $401,362
Tangible Book Value $3,467,717,738 $3,002,577,267 $2,135,203,363 $1,695,339,170
Invested Capital $6,202,197,732 $3,666,863,602 $2,742,279,049 $2,290,842,813
Working Capital $3,902,648,997 $2,788,784,449 $-1,414,952,795 $-860,220,201
Capital Lease Obligations $45,522,610 $0 - -
Total Capitalization $5,989,577,514 $3,359,094,064 $2,274,078,429 $1,773,338,160
Minority Interest $231,428,216 $117,338,032 $52,914,629 $13,759,069
Treasury Stock $358,497,141 $319,556,698 $320,569,015 $198,367,645
Additional Paid In Capital $1,067,150 $1,067,150 $1,067,150 $1,067,150
Capital Stock $274,472,759 $274,472,759 $274,472,759 $274,472,759
Common Stock $274,472,759 $274,472,759 $274,472,759 $274,472,759
Employee Benefits $58,471,825 $17,494,095 $13,096,845 $9,534,756
Long Term Capital Lease Obligation $45,522,610 $0 - -
Current Deferred Revenue $123,791,550 $28,844,695 $26,227,434 $23,093,471
Current Accrued Expenses $20,720,854 $4,850,683 $5,713,261 $6,495,698
Investments And Advances $121,880,803 $72,277,292 $130,403,243 $72,659,020
Available For Sale Securities $76,079,806 $72,277,292 $130,403,243 $72,659,020
Investment Properties $29,736,798 $30,831,366 $33,880,969 $35,492,240
Goodwill $942,989,733 $36,776,616 $71,870,257 $0
Net PPE $662,010,731 $407,467,954 $301,014,433 $245,775,694
Accumulated Depreciation $-420,415,061 $-186,795,601 $-143,426,273 $-99,238,656
Gross PPE $1,082,425,792 $594,263,555 $444,440,707 $345,014,350
Construction In Progress $32,191,666 $25,790,873 $4,163,152 $170,828
Machinery Furniture Equipment $631,841,589 $341,777,046 $266,308,848 $208,777,633
Properties $418,392,537 $226,695,636 $0 $0
Inventories Adjustments Allowances $-6,689,725 $-63,270 - -
Other Inventories $269,305,727 $34,153,029 - -
Other Short Term Investments $2,436,481,420 $3,141,728,612 $2,909,163,649 $2,323,920,256
Land And Improvements - $226,695,636 $173,968,707 -
Unrealized Gain Loss - - $20,497,301 $-19,404,843
Buildings And Improvements - - $173,968,707 $136,065,888
Non Current Pension And Other Postretirement Benefit Plans - - - $9,534,756
Current Provisions - - - -
Fetched: 2026-07-13
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $1,035,722,146 $1,025,320,594 $2,226,824,337 $2,027,830,321
Operating Activities
Operating Cash Flow $1,420,640,749 $1,227,206,038 $2,332,815,988 $2,153,247,905
Cash Flow From Continuing Operating Activities $1,420,640,749 $1,227,206,038 $2,332,815,988 $2,153,247,905
Investing Activities
Capital Expenditure $-384,918,603 $-201,885,445 $-105,991,651 $-125,417,584
Investing Cash Flow $-1,070,952,871 $-228,538,896 $-460,519,668 $-1,027,419,041
Cash Flow From Continuing Investing Activities $-1,070,952,871 $-228,538,896 $-460,519,668 $-1,027,419,041
Financing Activities
Repurchase Of Capital Stock $-46,201,705 $-6,014,847 $-128,022,190 $-134,283,790
Financing Cash Flow $316,878,277 $-1,496,901,929 $-1,425,615,863 $-581,894,312
Cash Flow From Continuing Financing Activities $316,878,277 $-1,496,901,929 $-1,425,615,863 $-581,894,312
Net Other Financing Charges $-96,570,780 $-25,506,159 $-18,082,504 $-4,506,918
Cash Dividends Paid $0 $-1,362,527,452 $-1,181,314,355 $-443,103,605
Common Stock Dividend Paid $0 $-1,362,527,452 $-1,181,314,355 $-443,103,605
Net Common Stock Issuance $-46,201,705 $-6,014,847 $-128,022,190 $-134,283,790
Other
Repayment Of Debt $-227,980,013 $-102,853,470 $-98,196,814 $0
Issuance Of Debt $687,630,775 $0 $0 -
End Cash Position $1,904,722,084 $1,306,457,770 $1,730,356,887 $1,297,789,809
Beginning Cash Position $1,306,457,770 $1,730,356,887 $1,297,789,809 $721,488,546
Effect Of Exchange Rate Changes $-68,301,841 $74,335,669 $-14,113,380 $32,366,713
Changes In Cash $666,566,155 $-498,234,786 $446,680,457 $543,934,551
Common Stock Payments $-46,201,705 $-6,014,847 $-128,022,190 $-134,283,790
Net Issuance Payments Of Debt $459,650,763 $-102,853,470 $-98,196,814 $0
Net Long Term Debt Issuance $459,650,763 $-102,853,470 $-98,196,814 $0
Long Term Debt Payments $-227,980,013 $-102,853,470 $-98,196,814 $0
Long Term Debt Issuance $687,630,775 $0 $0 -
Net Investment Purchase And Sale $479,873,895 $-27,748,018 $-293,723,645 $-903,115,006
Sale Of Investment $2,123,336,060 $1,335,114,764 $5,232,896,205 $2,302,847,200
Purchase Of Investment $-1,643,462,165 $-1,362,862,782 $-5,526,619,850 $-3,205,962,206
Net Business Purchase And Sale $-1,165,922,926 $0 $-61,270,459 $0
Purchase Of Business $-1,165,922,926 $0 $-61,270,459 $0
Net PPE Purchase And Sale $-384,903,840 $-200,790,878 $-105,525,564 $-124,304,036
Sale Of PPE $14,763 $1,094,567 $466,087 $1,113,548
Purchase Of PPE $-384,918,603 $-201,885,445 $-105,991,651 $-125,417,584
Taxes Refund Paid $-550,253,093 $-459,886,970 $-383,381,147 $-281,386,037
Interest Received Cfo $3,466,070,615 $2,120,484,702 $1,411,198,788 $1,080,597,295
Interest Paid Cfo $-1,843,753,212 $-1,259,165,715 $-958,541,446 $-542,074,419
Change In Working Capital $-1,548,209,505 $-1,228,743,494 $600,930,081 $806,645,457
Change In Other Working Capital $-522,648,487 $-21,505,400 $-8,843,007 $-21,475,874
Change In Other Current Liabilities $336,382,243 $-61,780,835 $38,550,279 $24,719,505
Change In Other Current Assets $-93,814,327 $4,656,656 $-47,452,338 $-26,134,639
Change In Payables And Accrued Expense $2,280,401,190 $2,273,131,492 $2,990,798,543 $2,376,147,354
Change In Payable $2,280,401,190 $2,273,131,492 $2,990,798,543 $2,376,147,354
Change In Account Payable $2,297,810,925 $2,221,979,980 $3,048,985,654 $2,502,807,135
Change In Inventory $-14,608,993 $3,848,912 $25,510,377 -
Change In Receivables $-3,533,921,131 $-3,427,094,319 $-2,397,633,773 $-1,546,610,889
Other Non Cash Items $1,896,785,944 $2,054,517,516 $1,662,609,711 $1,089,465,610
Sale Of Business - - $0 $0
Other Cash Adjustment Outside Changein Cash - - - -
Fetched: 2026-07-13