PagSeguro Digital (PAGS) Operating Expenses (2016 - 2026)
PagSeguro Digital's (PAGS) quarterly Operating Expenses came in at -$363.5 million in Q1 2026, down 8.79% year-on-year from -$398.5 million in Q1 2025, and up 4.47% on a QoQ basis from -$380.5 million in Q4 2025.
PagSeguro Digital (PAGS) Operating Expenses (2016 - 2026) Analysis & Trends
PagSeguro Digital (PAGS) has 11 years of Operating Expenses data on file, last reported at -$363.5 million in Q1 2026.
- On a quarterly basis, Operating Expenses fell 8.79% year-over-year to -$363.5 million in Q1 2026; TTM through Mar 2026 was -$1.4 billion, a 31.23% increase from a year earlier, with the FY2025 full-year figure at -$502.8 million, changed 0.34% from the prior year.
- Operating Expenses for Q1 2026 stood at -$363.5 million, up from -$380.5 million in the prior quarter.
- Over the last five years, Operating Expenses for PAGS reached as high as -$107.2 million in Q1 2022 and fell as low as -$993.0 million in Q3 2024.
- Historically, Operating Expenses has averaged -$319.8 million across 5 years, with a median of -$346.0 million in 2025.
- Across the five-year window, Operating Expenses surged 76.63% in 2022 and plunged 731.19% in 2024, its largest moves.
- Year by year, Operating Expenses stood at -$118.0 million in 2022, then tumbled by 320.78% to -$496.7 million in 2023, then rose by 23.2% to -$381.5 million in 2024, then climbed by 0.25% to -$380.5 million in 2025, then gained by 4.47% to -$363.5 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$363.5 million in Q1 2026, -$380.5 million in Q4 2025, and -$346.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 8.75 Bn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | -363.49 Mn |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 13.05 Bn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 662.79 Mn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 1.51 Bn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 979.89 Mn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 905.10 Mn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Synopsys | 70.83 Bn | 68.63 Bn | 1.77 Bn | 1.57 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -363.49 Mn |
| Dec 31, 2025 | -380.49 Mn |
| Sep 30, 2025 | -345.97 Mn |
| Jun 30, 2025 | -346.68 Mn |
| Mar 31, 2025 | -334.14 Mn |
| Dec 31, 2024 | -381.47 Mn |
| Sep 30, 2024 | -993.03 Mn |
| Jun 30, 2024 | -380.27 Mn |
| Mar 31, 2024 | -375.66 Mn |
| Dec 31, 2023 | -496.71 Mn |
| Sep 30, 2023 | -119.47 Mn |
| Jun 30, 2023 | -118.93 Mn |
| Mar 31, 2023 | -113.04 Mn |
| Dec 31, 2022 | -118.04 Mn |
| Sep 30, 2022 | -339.38 Mn |
| Jun 30, 2022 | -123.07 Mn |
| Mar 31, 2022 | -107.15 Mn |
| Dec 31, 2021 | -505.22 Mn |
| Sep 30, 2021 | -106.39 Mn |
| Jun 30, 2021 | -361.93 Mn |