Joint Stock Co Kaspi.kz (KSPI) EBT Margin (2023 - 2026)
Joint Stock Co Kaspi.kz (KSPI) recorded EBT Margin of 29.83% in the quarter ended Mar 31, 2026, down 7.58 percentage points from 37.41% a year earlier and down 1.22 percentage points from the prior quarter.
Joint Stock Co Kaspi.kz (KSPI) EBT Margin (2023 - 2026) Analysis & Trends
On a TTM basis, Joint Stock Co Kaspi.kz's EBT Margin came in at 33.02% as of Mar 31, 2026, down 14.13 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 32.92%, down 17.72 percentage points from the prior year.
- Annual EBT Margin has declined for four straight years, with a four-year change of -26.84 percentage points (years ended Dec 2021 to Dec 2025).
- Across earlier years, EBT Margin came in at 50.64% in the year ended Dec 31, 2024 (-2.77 pp), 53.41% in the year ended Dec 31, 2023 (-3.30 pp), 56.71% in the year ended Dec 31, 2022 (-3.05 pp) and 59.76% in the year ended Dec 31, 2021.
- The figure for the quarter ended Mar 31, 2026 is the lowest quarterly EBT Margin in data going back to the quarter ended Mar 31, 2023.
- On a year-over-year basis, EBT Margin has declined for nine consecutive quarters, with an average year-over-year change of -9.99 percentage points over the last eight quarters.
- Over the past five years, the year-over-year drop in EBT Margin ranged from 0.24 percentage points (the quarter ended Dec 31, 2024) to 21.47 percentage points (the quarter ended Dec 31, 2025).
- Per Business Quant, the preceding three quarters came in at 31.05% (quarter ended Dec 31, 2025), 33.66% (quarter ended Sep 30, 2025) and 35.18% (quarter ended Jun 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 895.36 Bn | 924.83 Bn | - | 47.98% |
| 2 | Banco Santander Chile | 425.01 Bn | 544.95 Bn | - | - |
| 3 | Bank Of America | 389.22 Bn | -1,986.85 Bn | - | 36.65% |
| 4 | Hsbc Holdings | 347.56 Bn | 347.61 Bn | - | - |
| 5 | Morgan Stanley | 304.44 Bn | -204.66 Bn | - | 34.42% |
| 6 | Royal Bank Of Canada | 281.54 Bn | 132.29 Bn | - | 41.80% |
| 7 | Mitsubishi Ufj Financial | 277.23 Bn | -1,311.26 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 267.12 Bn | -3,289.99 Bn | - | 42.10% |
| 9 | Wells Fargo & Company | 244.76 Bn | 246.90 Bn | - | 35.57% |
| 10 | Joint Stock Co Kaspi.kz | 18.23 Bn | -3,265.54 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 29.83% |
| Dec 31, 2025 | 31.05% |
| Sep 30, 2025 | 33.66% |
| Jun 30, 2025 | 35.18% |
| Mar 31, 2025 | 37.41% |
| Dec 31, 2024 | 52.52% |
| Sep 30, 2024 | 51.30% |
| Jun 30, 2024 | 49.44% |
| Mar 31, 2024 | 48.68% |
| Dec 31, 2023 | 52.76% |
| Sep 30, 2023 | 54.98% |
| Jun 30, 2023 | 53.20% |
| Mar 31, 2023 | 52.56% |
Joint Stock Co Kaspi.kz EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=KSPI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "KSPI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=KSPI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();