PagSeguro Digital (NYSE:PAGS), which operates as PagBank, reported higher first-quarter earnings per share and continued expansion in its banking and credit operations, while management said elevated Brazilian interest rates continued to pressure financial costs and gross profit.
On the company’s first-quarter 2026 earnings call, Principal Executive Officer Ricardo Dutra said PagBank made “continued progress” executing its strategy, with banking and credit acceleration and operating leverage contributing to earnings growth despite a challenging macroeconomic backdrop.
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