KSPI
Joint Stock Company Kaspi.kz
Price Chart
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Latest Quote
$106.29
+1.28 (+1.22%)
Current Price
| Previous Close | $105.01 |
| Open | $105.89 |
| Day High | $108.16 |
| Day Low | $105.50 |
| Volume | 759,063 |
Stock Information
Note: Financial values converted from KZT to USD
| Quarterly Dividend / Yield | $5.74 / 5.40% |
| Shares Outstanding | 190.03M |
| Quarterly Dividend Yield | 5.40% |
| Quarterly Dividend | $5.74 |
| Sector | Technology |
| Industry | Software - Infrastructure |
| Market Cap | $20.20B |
| P/E Ratio | 9.04 |
| EPS (TTM) | $11.76 |
| Exchange | NMS |
Recent Price History
No history data available. Data will be fetched automatically.
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.
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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 | $4,569,141,811 | $2,046,884,952 | $1,448,359,501 | $826,997,417 |
| Cost Of Revenue | $4,569,141,811 | $2,046,884,952 | $1,448,359,501 | $826,997,417 |
| Total Revenue | $8,683,275,619 | $5,434,672,408 | $4,075,130,659 | $2,703,850,453 |
| Operating Revenue | $8,683,275,619 | $5,434,672,408 | $4,075,130,659 | $2,703,850,453 |
| Expenses | ||||
| Total Expenses | $5,851,239,930 | $2,694,492,026 | $1,921,886,023 | $1,185,741,455 |
| Other Income Expense | $39,343,770 | $24,207,736 | $50,015,094 | $35,321,004 |
| Other Non Operating Income Expenses | $39,343,770 | $24,207,736 | $50,015,094 | $35,321,004 |
| Operating Expense | $1,282,098,120 | $647,607,073 | $473,526,522 | $358,744,038 |
| Other Operating Expenses | $348,490,944 | $245,671,122 | $171,676,809 | $119,022,988 |
| Selling And Marketing Expense | $315,248,153 | $94,834,654 | $47,193,121 | $55,227,874 |
| General And Administrative Expense | $168,697,461 | $70,924,421 | $63,527,792 | $53,404,047 |
| Rent Expense Supplemental | - | - | - | $6,905,101 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $2,313,579,660 | $2,241,493,250 | $1,813,803,837 | $1,261,212,506 |
| Normalized Income | $2,313,579,660 | $2,241,493,250 | $1,813,803,837 | $1,261,212,506 |
| Net Income From Continuing And Discontinued Operation | $2,313,579,660 | $2,241,493,250 | $1,813,803,837 | $1,261,212,506 |
| Net Income Common Stockholders | $2,313,579,660 | $2,241,493,250 | $1,813,803,837 | $1,261,212,506 |
| Net Income | $2,313,579,660 | $2,241,493,250 | $1,813,803,837 | $1,261,212,506 |
| Net Income Including Noncontrolling Interests | $2,301,787,308 | $2,278,347,044 | $1,829,797,888 | $1,269,443,439 |
| Net Income Continuous Operations | $2,301,787,308 | $2,278,347,044 | $1,829,797,888 | $1,269,443,439 |
| Pretax Income | $2,871,379,459 | $2,764,388,119 | $2,203,259,729 | $1,553,430,002 |
| Operating Income | $2,832,035,689 | $2,740,180,382 | $2,153,244,636 | $1,518,108,998 |
| Gross Profit | $4,114,133,808 | $3,387,787,456 | $2,626,771,158 | $1,876,853,036 |
| Total Operating Income As Reported | - | - | - | $1,553,430,002 |
| Depreciation Amortization Depletion Income Statement | - | - | - | $6,141,940 |
| Depreciation And Amortization In Income Statement | - | - | - | $6,141,940 |
| Depreciation Income Statement | - | - | - | $6,141,940 |
| Per Share | ||||
| Diluted EPS | $12.06 | $11.71 | $9.44 | $6.50 |
| Basic EPS | $12.14 | $11.81 | $9.55 | $6.58 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $2,832,035,689 | $2,740,180,382 | $2,153,244,636 | $1,518,108,998 |
| EBITDA (Bullshit earnings) | $2,832,035,689 | $2,740,180,382 | $2,153,244,636 | $1,518,108,998 |
| EBIT | $2,832,035,689 | $2,740,180,382 | $2,153,244,636 | $1,518,108,998 |
| Diluted Average Shares | $413,704 | $412,690 | $414,053 | $418,211 |
| Basic Average Shares | $410,860 | $409,244 | $409,304 | $413,326 |
| Diluted NI Availto Com Stockholders | $2,313,579,660 | $2,241,493,250 | $1,813,803,837 | $1,261,212,506 |
| Minority Interests | $11,792,352 | $-36,853,794 | $-15,994,051 | $-8,230,932 |
| Tax Provision | $569,592,151 | $486,041,074 | $373,461,842 | $283,986,564 |
| Research And Development | $449,661,561 | $236,176,877 | $191,128,800 | $131,089,129 |
| Selling General And Administration | $483,945,615 | $165,759,075 | $110,720,913 | $108,631,921 |
| Other Gand A | $168,697,461 | $70,924,421 | $63,527,792 | $53,404,047 |
| Total Unusual Items | - | - | - | $-27,698,014 |
| Total Unusual Items Excluding Goodwill | - | - | - | $-27,698,014 |
| Reconciled Depreciation | - | - | - | $6,141,940 |
| Otherunder Preferred Stock Dividend | - | - | - | $0 |
| Gain On Sale Of Security | - | - | - | $-27,698,014 |
| Rent And Landing Fees | - | - | - | $4,663,045 |
| Salaries And Wages | - | - | - | $35,605,573 |
Fetched: 2026-08-28
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $3,544,718,435 | $3,069,249,517 | $2,182,615,568 | $1,732,984,188 |
| Total Assets | $23,890,287,219 | $18,059,547,009 | $14,706,877,910 | $11,041,364,400 |
| Total Non Current Assets | $2,666,714,246 | $763,648,558 | $3,866,660,419 | $2,739,852,697 |
| Other Non Current Assets | $6,154,875 | $3,147,502 | $-476,437 | $-478,593 |
| Financial Assets | $1,610,400 | $36,970,209 | $1,384,038 | $64,675 |
| Investmentin Financial Assets | $124,587,167 | $73,882,210 | $133,298,848 | $74,272,414 |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | $46,818,008 | $0 | - | $64,675 |
| Goodwill And Other Intangible Assets | $1,827,254,017 | $201,616,879 | $141,626,792 | $32,990,559 |
| Other Intangible Assets | $863,325,190 | $164,023,637 | $68,160,656 | $32,990,559 |
| Current Assets | $21,223,572,972 | $17,295,898,451 | $10,840,217,491 | $8,301,511,703 |
| Restricted Cash | $657,797,649 | $123,543,749 | $101,560,822 | $92,521,456 |
| Prepaid Assets | $125,093,785 | $120,042,692 | $58,823,786 | $36,422,630 |
| Inventory | $268,447,392 | $34,846,723 | $30,979,177 | $4,902,342 |
| Receivables | $15,734,634,188 | $12,470,506,895 | $5,906,312,585 | $4,465,535,113 |
| Receivables Adjustments Allowances | $-26,855,087 | $-18,408,573 | - | $-15,237,357 |
| Other Receivables | $215,649,131 | $87,720,438 | $8,966,068 | $7,541,069 |
| Taxes Receivable | $27,059,890 | $12,542,578 | $13,868,409 | $2,272,237 |
| Loans Receivable | $15,461,911,799 | $12,388,652,452 | $5,883,478,108 | $4,455,721,807 |
| Accounts Receivable | $56,868,455 | $0 | - | - |
| Cash Cash Equivalents And Short Term Investments | $4,437,599,959 | $4,546,958,392 | $4,742,541,122 | $3,702,130,163 |
| Cash And Cash Equivalents | $1,947,016,452 | $1,335,467,674 | $1,768,779,474 | $1,326,607,241 |
| Cash Equivalents | $1,224,893,356 | $677,407,015 | $617,197,034 | $516,104,026 |
| Cash Financial | $722,123,095 | $658,060,659 | $1,151,582,439 | $810,503,215 |
| Non Current Note Receivables | - | $4,935,763,226 | $3,248,495,420 | $2,345,490,152 |
| Fixed Assets Revaluation Reserve | - | - | $20,952,444 | $-19,835,727 |
| Hedging Assets Current | - | - | $1,384,038 | $64,675 |
| Non Current Prepaid Assets | - | - | - | $11,136,982 |
| Non Current Accounts Receivable | - | - | - | $7,541,069 |
| Assets Held For Sale Current | - | - | - | - |
| Debt | ||||
| Total Debt | $1,014,478,564 | $477,419,938 | $478,929,014 | $575,736,246 |
| Long Term Debt And Capital Lease Obligation | $797,137,112 | $162,816,376 | $331,997 | $46,740,398 |
| Long Term Debt | $750,603,673 | $162,816,376 | $331,997 | $46,740,398 |
| Current Debt And Capital Lease Obligation | $217,341,452 | $314,603,562 | $478,597,018 | $528,995,848 |
| Current Debt | $217,341,452 | $314,603,562 | $478,597,018 | $528,995,848 |
| Other Current Borrowings | $217,341,452 | $180,343,217 | $129,909,894 | $92,124,784 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $18,281,747,686 | $14,668,737,090 | $12,328,545,951 | $9,261,325,063 |
| Total Non Current Liabilities Net Minority Interest | $1,047,482,058 | $223,548,066 | $41,956,627 | $80,491,963 |
| Other Non Current Liabilities | $21,064,547 | $32,550,771 | $18,703,920 | $16,498,513 |
| Derivative Product Liabilities | $15,217,955 | $564,826 | $2,511,534 | $316,906 |
| Non Current Deferred Liabilities | $153,945,165 | $9,436,037 | $6,816,712 | $6,995,646 |
| Non Current Deferred Taxes Liabilities | $153,945,165 | $9,436,037 | $6,816,712 | $6,995,646 |
| Current Liabilities | $17,234,265,627 | $14,445,189,024 | $12,286,589,324 | $9,180,833,100 |
| Current Deferred Liabilities | $126,540,343 | $29,485,191 | $26,809,815 | $23,606,262 |
| Current Notes Payable | $0 | $134,260,345 | $348,687,124 | $436,871,063 |
| Payables And Accrued Expenses | $16,890,383,833 | $14,101,100,270 | $11,781,182,491 | $8,628,230,990 |
| Payables | $16,869,202,872 | $14,096,141,877 | $11,775,342,367 | $8,621,591,056 |
| Dividends Payable | $0 | $780,408 | $2,675,376 | $2,662,441 |
| Total Tax Payable | $63,969,736 | $47,775,194 | $35,336,095 | $35,521,496 |
| Income Tax Payable | $1,375,415 | $7,338,421 | $2,362,782 | $12,842,238 |
| Accounts Payable | $16,805,233,136 | $14,047,586,276 | $11,630,231,765 | $8,532,654,734 |
| Other Current Liabilities | - | $297,504 | $204,803 | $194,024 |
| Other Payable | - | $33,119,909 | $107,099,131 | $50,752,385 |
| Interest Payable | - | - | $94,951,068 | $62,980,213 |
| Equity | ||||
| Common Stock Equity | $5,371,972,452 | $3,270,866,395 | $2,324,242,360 | $1,765,974,748 |
| Total Equity Gross Minority Interest | $5,608,539,533 | $3,390,809,920 | $2,378,331,959 | $1,780,039,337 |
| Stockholders Equity | $5,371,972,452 | $3,270,866,395 | $2,324,242,360 | $1,765,974,748 |
| Other Equity Interest | $60,229,383 | $68,499,120 | $75,044,199 | $63,109,563 |
| Gains Losses Not Affecting Retained Earnings | $-87,407,844 | $88,444,794 | $20,952,444 | $-19,835,727 |
| Other Equity Adjustments | $-87,407,844 | $88,444,794 | $20,952,444 | $-19,835,727 |
| Retained Earnings | $5,483,950,210 | $3,158,916,663 | $2,274,274,695 | $1,643,815,038 |
| Preferred Securities Outside Stock Equity | $347,088 | $297,504 | $204,803 | $194,024 |
| Other | ||||
| Treasury Shares Number | $19,989 | $20,446 | $21,917 | $19,812 |
| Ordinary Shares Number | $410,098 | $409,640 | $408,169 | $410,275 |
| Share Issued | $430,087 | $430,087 | $430,087 | $410,275 |
| Tangible Book Value | $3,544,718,435 | $3,069,249,517 | $2,182,615,568 | $1,732,984,188 |
| Invested Capital | $6,339,917,576 | $3,748,286,334 | $2,803,171,375 | $2,341,710,994 |
| Working Capital | $3,989,307,345 | $2,850,709,428 | $-1,446,371,832 | $-879,321,397 |
| Capital Lease Obligations | $46,533,439 | $0 | - | - |
| Total Capitalization | $6,122,576,125 | $3,433,682,772 | $2,324,574,357 | $1,812,715,146 |
| Minority Interest | $236,567,081 | $119,943,524 | $54,089,599 | $14,064,589 |
| Treasury Stock | $366,457,573 | $326,652,457 | $327,687,252 | $202,772,400 |
| Additional Paid In Capital | $1,090,846 | $1,090,846 | $1,090,846 | $1,090,846 |
| Capital Stock | $280,567,429 | $280,567,429 | $280,567,429 | $280,567,429 |
| Common Stock | $280,567,429 | $280,567,429 | $280,567,429 | $280,567,429 |
| Employee Benefits | $59,770,193 | $17,882,552 | $13,387,661 | $9,746,476 |
| Long Term Capital Lease Obligation | $46,533,439 | $0 | - | - |
| Current Deferred Revenue | $126,540,343 | $29,485,191 | $26,809,815 | $23,606,262 |
| Current Accrued Expenses | $21,180,961 | $4,958,393 | $5,840,125 | $6,639,935 |
| Investments And Advances | $124,587,167 | $73,882,210 | $133,298,848 | $74,272,414 |
| Available For Sale Securities | $77,769,159 | $73,882,210 | $133,298,848 | $74,272,414 |
| Investment Properties | $30,397,104 | $31,515,976 | $34,633,296 | $36,280,345 |
| Goodwill | $963,928,826 | $37,593,241 | $73,466,136 | $0 |
| Net PPE | $676,710,684 | $416,515,783 | $307,698,461 | $251,233,145 |
| Accumulated Depreciation | $-429,750,380 | $-190,943,399 | $-146,611,055 | $-101,442,251 |
| Gross PPE | $1,106,461,064 | $607,459,182 | $454,309,516 | $352,675,396 |
| Construction In Progress | $32,906,482 | $26,363,559 | $4,255,595 | $174,622 |
| Machinery Furniture Equipment | $645,871,636 | $349,366,208 | $272,222,238 | $213,413,542 |
| Properties | $427,682,946 | $231,729,414 | $0 | $0 |
| Inventories Adjustments Allowances | $-6,838,271 | $-64,675 | - | - |
| Other Inventories | $275,285,662 | $34,911,398 | - | - |
| Other Short Term Investments | $2,490,583,507 | $3,211,490,718 | $2,973,761,649 | $2,375,522,922 |
| Land And Improvements | - | $231,729,414 | $177,831,683 | - |
| Unrealized Gain Loss | - | - | $20,952,444 | $-19,835,727 |
| Buildings And Improvements | - | - | $177,831,683 | $139,087,232 |
| Non Current Pension And Other Postretirement Benefit Plans | - | - | - | $9,746,476 |
| Current Provisions | - | - | - | - |
Fetched: 2026-08-28
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $1,058,720,364 | $1,048,087,845 | $2,276,270,987 | $2,072,858,308 |
| Operating Activities | ||||
| Operating Cash Flow | $1,452,186,087 | $1,254,456,157 | $2,384,616,183 | $2,201,060,790 |
| Cash Flow From Continuing Operating Activities | $1,452,186,087 | $1,254,456,157 | $2,384,616,183 | $2,201,060,790 |
| Investing Activities | ||||
| Capital Expenditure | $-393,465,723 | $-206,368,312 | $-108,345,197 | $-128,202,482 |
| Investing Cash Flow | $-1,094,733,387 | $-233,613,604 | $-470,745,510 | $-1,050,232,889 |
| Cash Flow From Continuing Investing Activities | $-1,094,733,387 | $-233,613,604 | $-470,745,510 | $-1,050,232,889 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-47,227,614 | $-6,148,407 | $-130,864,924 | $-137,265,562 |
| Financing Cash Flow | $323,914,562 | $-1,530,140,647 | $-1,457,271,673 | $-594,815,280 |
| Cash Flow From Continuing Financing Activities | $323,914,562 | $-1,530,140,647 | $-1,457,271,673 | $-594,815,280 |
| Net Other Financing Charges | $-98,715,135 | $-26,072,523 | $-18,484,026 | $-4,606,994 |
| Cash Dividends Paid | $0 | $-1,392,782,384 | $-1,207,545,449 | $-452,942,724 |
| Common Stock Dividend Paid | $0 | $-1,392,782,384 | $-1,207,545,449 | $-452,942,724 |
| Net Common Stock Issuance | $-47,227,614 | $-6,148,407 | $-130,864,924 | $-137,265,562 |
| Other | ||||
| Repayment Of Debt | $-233,042,310 | $-105,137,332 | $-100,377,275 | $0 |
| Issuance Of Debt | $702,899,622 | $0 | $0 | - |
| End Cash Position | $1,947,016,452 | $1,335,467,674 | $1,768,779,474 | $1,326,607,241 |
| Beginning Cash Position | $1,335,467,674 | $1,768,779,474 | $1,326,607,241 | $737,509,204 |
| Effect Of Exchange Rate Changes | $-69,818,484 | $75,986,293 | $-14,426,768 | $33,085,416 |
| Changes In Cash | $681,367,262 | $-509,298,093 | $456,599,000 | $556,012,622 |
| Common Stock Payments | $-47,227,614 | $-6,148,407 | $-130,864,924 | $-137,265,562 |
| Net Issuance Payments Of Debt | $469,857,311 | $-105,137,332 | $-100,377,275 | $0 |
| Net Long Term Debt Issuance | $469,857,311 | $-105,137,332 | $-100,377,275 | $0 |
| Long Term Debt Payments | $-233,042,310 | $-105,137,332 | $-100,377,275 | $0 |
| Long Term Debt Issuance | $702,899,622 | $0 | $0 | - |
| Net Investment Purchase And Sale | $490,529,498 | $-28,364,163 | $-300,245,781 | $-923,168,681 |
| Sale Of Investment | $2,170,484,752 | $1,364,760,997 | $5,349,092,702 | $2,353,981,939 |
| Purchase Of Investment | $-1,679,955,254 | $-1,393,125,160 | $-5,649,338,483 | $-3,277,150,619 |
| Net Business Purchase And Sale | $-1,191,812,252 | $0 | $-62,630,970 | $0 |
| Purchase Of Business | $-1,191,812,252 | $0 | $-62,630,970 | $0 |
| Net PPE Purchase And Sale | $-393,450,632 | $-205,249,440 | $-107,868,760 | $-127,064,208 |
| Sale Of PPE | $15,091 | $1,118,872 | $476,437 | $1,138,275 |
| Purchase Of PPE | $-393,465,723 | $-206,368,312 | $-108,345,197 | $-128,202,482 |
| Taxes Refund Paid | $-562,471,467 | $-470,098,763 | $-391,894,128 | $-287,634,216 |
| Interest Received Cfo | $3,543,034,737 | $2,167,570,080 | $1,442,534,467 | $1,104,591,965 |
| Interest Paid Cfo | $-1,884,693,765 | $-1,287,125,499 | $-979,825,865 | $-554,111,186 |
| Change In Working Capital | $-1,582,587,508 | $-1,256,027,752 | $614,273,738 | $824,557,025 |
| Change In Other Working Capital | $-534,253,900 | $-21,982,927 | $-9,039,366 | $-21,952,746 |
| Change In Other Current Liabilities | $343,851,613 | $-63,152,679 | $39,406,289 | $25,268,401 |
| Change In Other Current Assets | $-95,897,475 | $4,760,057 | $-48,506,018 | $-26,714,959 |
| Change In Payables And Accrued Expense | $2,331,037,514 | $2,323,606,392 | $3,057,209,245 | $2,428,909,723 |
| Change In Payable | $2,331,037,514 | $2,323,606,392 | $3,057,209,245 | $2,428,909,723 |
| Change In Account Payable | $2,348,833,833 | $2,271,319,061 | $3,116,688,402 | $2,558,381,985 |
| Change In Inventory | $-14,933,386 | $3,934,377 | $26,076,835 | - |
| Change In Receivables | $-3,612,391,875 | $-3,503,192,973 | $-2,450,873,247 | $-1,580,953,395 |
| Other Non Cash Items | $1,938,904,090 | $2,100,138,092 | $1,699,527,971 | $1,113,657,201 |
| Sale Of Business | - | - | $0 | $0 |
| Other Cash Adjustment Outside Changein Cash | - | - | - | - |
Fetched: 2026-08-28