Other financial incomeThin moat

StoneCo (STNE) — moat facet

Interest on StoneCo's own cash, shrinking as the cash is handed back.

Other financial income is what StoneCo earns on its own cash and investments, and on items such as monetary adjustments to recoverable taxes. It was 670.1 million reais in 2023, 498.3 million in 2024 and 754.1 million in 2025, up 51.3% 1, 5% of revenue 2.

Other financial income (R$ m)670.12023498.32024754.12025StoneCo 20-F, FY2025; Q2 2026: 250.0
Income on StoneCo's own cash, which the Linx proceeds swelled and the dividend drains.

In the second quarter of 2026 it was 250.0 million reais against 214.7 million a year earlier, primarily because of a larger average cash balance, and down 4.8% on the first quarter on lower monetary adjustments 3.

The cash is shrinking by design. StoneCo paid an extraordinary dividend of about 3.08 billion reais in May 2026 after selling Linx, and bought back about 3.0 billion reais of shares in the twelve months to June 4.

This line is not a business, and it moves with the size of the cash pile and Brazil's interest rate. The figure to watch is its quarterly level: returning cash to shareholders will pull it down, and that is the intended trade.

Moat trajectory: Narrowing

The R$3.08bn dividend and R$3.0bn of buybacks are shrinking the cash this line earns on.

The number that tests this moat
Reported
Other financial income, latest quarter
R$250.0m in Q2 2026, from R$214.7m

It tracks the cash pile, which the dividend and buybacks are running down.

Source: StoneCo Q2 2026 earnings release ↗
References
  1. ReportedIt was 670.1 million reais in 2023, 498.3 million in 2024 and 754.1 million in 2025, up 51.3% , 5% of revenue .
    StoneCo Form 20-F for FY2025 - revenue and income by line from continuing operations 2023-2025 and the MD&A explanation of each line; TPV; receivables from card issuers; financial expenses; discontinued Linx — FY2023-FY2025 · publ. 2026 · source ↗
  2. Moat Explorer calcIt was 670.1 million reais in 2023, 498.3 million in 2024 and 754.1 million in 2025, up 51.3% , 5% of revenue .
    Moat Explorer calculation from StoneCo's FY2025 20-F: shares of revenue by line (of 14,153.8m) and transaction revenue per real of TPV (3,144.4m / 438.3bn in 2023; 2,493.1m / 560.9bn in 2025) — FY2023-FY2025 · publ. 2026-09-23 · source ↗
  3. ReportedIn the second quarter of 2026 it was 250.0 million reais against 214.7 million a year earlier, primarily because of a larger average cash balance, and down 4.8% on the first quarter on lower monetary adjustments .
    StoneCo second-quarter 2026 earnings release - revenue by line with explanations, TPV by card and Pix QR, credit revenue and quality, cash returned to shareholders — Q2 2026 · publ. 13 August 2026 · source ↗
  4. ReportedStoneCo paid an extraordinary dividend of about 3.08 billion reais in May 2026 after selling Linx, and bought back about 3.0 billion reais of shares in the twelve months to June .
    StoneCo second-quarter 2026 earnings release - revenue by line with explanations, TPV by card and Pix QR, credit revenue and quality, cash returned to shareholders — Q2 2026 · publ. 13 August 2026 · source ↗
Sources
Generated September 23, 2026