J

    Joint Stock Company Kaspi.kz (KSPI)

    Official site

    TECHNOLOGY • SOFTWARE - INFRASTRUCTURE • NASDAQ

    $105.14
    -1.15 (-1.08%)

    Market Cap: $20.20B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    43%(6/14)
    Avg Surprise
    -8.55%
    Streak
    2 Q

    Upcoming Estimates

    Sep 30, 2026
    EPS Consensus$1420.40
    Range$1420.40 - $1420.40
    1 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate Drift
    90d ago$1423.25+0.2%
    60d ago$1460.95+2.9%
    30d ago$1420.40+0.0%
    7d ago$1420.40+0.0%
    Current$1420.40
    Revenue Consensus
    $1.3T
    Range$1.2T - $1.3T
    3 analysts
    Dec 31, 2026
    EPS Consensus$2247.15
    Range$2247.15 - $2247.15
    1 analysts
    Revenue Consensus
    $1.3T
    Range$1.1T - $1.4T
    3 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$2247.15---
    Sep 26EST
    		-$1420.40---
    Jun 26
    		$2.83$2.78+1.80%Beat-99.8%
    Mar 26
    		$1335.65$1226.71+8.88%Beat+1.1%
    Dec 25
    		$1470.00$1609.42-8.66%Miss-9.5%
    Sep 25
    		$1458.00$1571.18-7.20%Miss+3.5%
    Jun 25
    		$1367.00$1434.66-4.72%Miss+9.7%
    Mar 25
    		$1321.00$1389.05-4.90%Miss+14.8%
    Dec 24
    		$1625.00$1705.85-4.74%Miss+59779.1%
    Sep 24
    		$1409.00$1395.89+0.94%Beat+65.4%
    Jun 24
    		$1246.00$1331.52-6.42%Miss+24.0%
    Mar 24
    		$1151.00$1129.38+1.91%Beat+27.5%
    Dec 23
    		$2.71N/A-99.79%Miss-99.8%
    Sep 23
    		$852.00$926.68-8.06%Miss-13.1%
    Jun 23
    		$1005.00$921.20+9.10%Beat+20.6%
    Mar 23
    		$903.00$883.62+2.19%Beat+45.2%
    Dec 22
    		$1120.00N/AN/ABeat+26.4%
    Sep 22
    		$980.00N/AN/ABeat+20.5%
    Jun 22
    		$833.00N/AN/ABeat+30.2%
    Mar 22
    		$622.00N/AN/ABeat+25.4%
    Dec 21
    		$886.00N/AN/ABeat+75.8%
    Sep 21
    		$813.00N/AN/ABeat-
    Jun 21
    		$640.00N/AN/ABeat-
    Mar 21
    		$496.00N/AN/ABeat-
    Dec 20
    		$504.00N/AN/ABeat-

    Dividends

    Dividend Metrics

    Yield3.41%
    Annual/Share$3.59
    Payout Ratio48.87%
    Frequency4
    Pay MonthsApr, Jun, Sep
    View KSPI's full dividend history

    Key Metrics

    Valuation
    P/E Ratio0.02EV/EBITDA5.02x
    Price/FCF10.07xFCF Yield9.93%
    Profitability
    Profit Margin24.10%Operating Margin0.00%
    ROE44.80%ROIC34.89%
    Financial Health
    Debt/Equity0.23xInterest Coverage1.45x
    Current Ratio2.30xQuick Ratio2.22x
    Trading Statistics
    Beta0.08Avg Volume683.20K
    52-Week High$109.9452-Week Low$65.58

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$104.81
    SMA 20$100.03
    SMA 50$92.70
    SMA 200$79.13
    EMA 10$104.29
    EMA 20$100.80
    EMA 50$94.30
    EMA 200$83.91

    MACD

    Line: 4.47Signal: 4.21Hist: 0.26

    ADX

    ADX: 39.0+DI: 29.1-DI: 16.9

    Aroon & PSAR

    Aroon Up88.0
    Aroon Down4.0
    PSAR$109.69

    Bollinger Bands

    Upper Band$111.87
    Lower Band$88.19
    %B Position2367%(Upper)
    Band Width0.72

    RSI (14-Day)

    Neutral
    66.2

    Momentum Oscillators

    Stoch %K73.1
    Stoch %D80.1
    Williams %R-31.9
    ROC (10d)6.1%
    Momentum6.09
    CCI (20d)69.7
    MFI (14d)77.7

    Volatility Measures

    ATR (14d)$3.19(3.0%)
    StdDev (20d)5.92
    Hist Vol30.1%(Moderate)

    Volume Flow

    VWAP$105.04
    OBV-8.8M
    AD Line-601.0M
    CMF (20d)0.002

    Volume Metrics

    Avg Vol (20d)674.8K
    Vol Ratio0.8x
    VWMA (20d)$99.89

    Pivot Points

    R3$110.49
    R2$109.34
    R1$107.81
    Pivot Point$106.66
    S1$105.13
    S2$103.98
    S3$102.45

    Advanced Oscillators

    TSI44.58
    Ultimate Osc55.3
    KST164.95

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$1104.69B$1025.37B$1109.23B$1110.17B$969.51B$821.85B$724.46B$652.59B$592.85B$551.02B$552.81B$502.19B
    Cost of Revenue$339.39B$302.49B$289.32B$352.05B$287.15B$391.83B$264.38B$243.40B$79.70B$214.91B$214.91B$47.70B
    Gross Profit$765.30B$722.88B$819.91B$758.13B$682.37B$430.02B$460.08B$409.20B$513.15B$336.12B$337.91B$454.49B
    Operating Expenses$439.52B$417.06B$475.50B$124.10B$140.11B$122.57B$82.38B$73.05B$76.17B$68.81B$68.81B$34.91B
    R&D$0$61.58B$56.74B$58.05B$50.89B$42.90B$29.34B$27.54B$26.24B$26.43B$26.43B$22.14B
    SG&A$0$53.30B$71.97B$22.12B$16.38B$16.13B$10.44B$7.29B$7.57B$7.39B$7.39B$6.38B
    Operating Income$325.78B$305.82B$344.41B$634.03B$542.25B$307.45B$377.70B$336.15B$436.99B$267.31B$267.31B$419.58B
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$283.68B$254.25B$252.73B$246.11B$218.29B$0$0$2.84B$147.09B$0$0$140.01B
    Income Before Tax$325.78B$305.82B$344.41B$346.51B$321.96B$307.45B$383.59B$333.31B$296.29B$269.10B$269.10B$279.56B
    Income Tax Expense$68.63B$66.79B$76.44B$68.47B$63.33B$53.40B$67.19B$58.94B$53.67B$45.66B$45.66B$47.07B
    Net Income$257.15B$239.02B$267.97B$278.05B$257.33B$252.06B$311.90B$269.69B$238.55B$223.44B$219.60B$231.16B
    EBITDA$325.78B$560.07B$597.14B$366.49B$543.23B$309.79B$383.59B$333.31B$444.31B$269.10B$269.10B$404.41B
    EBITN/AN/AN/A$346.51B$540.24B$307.45B$377.70B$336.15B$443.37B$269.10B$269.10B$397.27B
    * Some calculated fields are derived from available data when not provided by source

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    News

    Kaspi.kz JSC (KSPI) Shares Surge 3.6% -- What GF Score of 81 Tel

    Kaspi.kz JSC (KSPI) shares rose 3.6% to $101.43, and are considered significantly undervalued by GuruFocus's GF Value™ at $193.37. The company has a strong GF Score™ of 81/100, driven by high profitability and momentum, despite a low valuation score. This has attracted interest from 12 gurus, with 8 increasing their positions, indicating confidence in KSPI's future growth.

    GuruFocus•8/19/26•
    Bullish

    KSPI6387647 Bond Profile — Key Metrics

    This article provides key metrics for the KSPI6387647 bond issued by Kaspi.kz Joint Stock Company. It details the bond's coupon rate, issue and maturity dates, outstanding amount, face value, and minimum denomination. The company overview highlights Kaspi.kz's operations across Payments, Marketplace, and Fintech Platforms.

    TradingView•8/19/26•
    Neutral

    Vyacheslav Kim sold $113.9M of Kaspi.kz (NASDAQ: KSPI) ADS; more coming

    Kaspi.kz JSC (KSPI) has filed a Form 144 notice for a proposed sale of 300,000 American Depositary Shares (ADS) valued at $29,754,000.00, anticipated on August 17, 2026, through UBS Financial Services Inc. This filing also revealed that Vyacheslav Kim previously sold 1,280,774 ADS for $113,873,792.05 on May 18, 2026. The ADS relate to converted Reg S Global Depositary Receipts and common shares.

    Stock Titan•8/17/26•
    Somewhat-Bearish

    Kaspi.kz Posts Strong H1 2026 Revenue Growth as Costs Hold Profit Flat

    Kaspi.kz (KSPI) reported strong revenue growth in H1 2026, reaching KZT 2.19 trillion, but net income remained flat at KZT 511 billion due to significantly increased costs and operating expenses. The company's Super App-driven financial and retail ecosystem continues to scale, but rising cost pressures and managing credit, competitive, and regulatory risks are highlighted as challenges. Analysts currently rate KSPI as a "Hold" with a $100 price target, while TipRanks' AI Analyst, Spark, rates it as "Outperform" due to strong valuation, technical trends, and profitability, despite a recent reversal to negative operating and free cash flow.

    The Globe and Mail•8/13/26•
    Neutral

    Kaspi.kz Posts Strong 2Q 2026 Results, Launches Kasper AI and Expands into Türkiye

    Kaspi.kz, a leading Kazakhstani fintech and e-commerce operator, reported strong Q2 and H1 2026 results, with 15% year-on-year revenue growth. The company launched Kasper AI to enhance consumer engagement and expanded into Türkiye with the acquisition and rebranding of Rabobank A.Ş. as Hepsi Bank, signaling regional growth ambitions. Analysts currently rate KSPI stock as a Buy with a $105.00 price target, driven by strong profitability and balance-sheet strength.

    The Globe and Mail•8/12/26•
    Bullish

    Frequently Asked Questions About KSPI

    What is KSPI's current dividend yield?
    Joint Stock Company Kaspi.kz (KSPI) has a current dividend yield of 3.41%.
    Does KSPI pay dividends?
    Yes, Joint Stock Company Kaspi.kz pays dividends with a current yield of 3.41%.
    What is KSPI's P/E ratio?
    Joint Stock Company Kaspi.kz has a price-to-earnings (P/E) ratio of 0.02.
    What is KSPI's market cap?
    Joint Stock Company Kaspi.kz (KSPI) has a market capitalization of $20.20B with a current stock price of $105.14.

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