PagSeguro Digital (PAGS) Operating Expenses (2016 - 2026)
PagSeguro Digital (PAGS) reported Operating Expenses of -$363.5 million for Q1 2026, down 8.79% year-over-year from -$398.5 million in Q1 2025, and up 4.47% quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at -$363.5 million, down 8.79% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.4 billion (up 46.64% YoY), and the FY2025 annual result was -$502.8 million, up 64.23% from the prior year.
- Operating Expenses improved to -$363.5 million in Q1 2026 per PAGS's latest filing, from -$380.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$107.2 million in Q1 2022 and troughed at -$1.3 billion in Q4 2024.
- A 5-year average of -$355.3 million and a median of -$346.0 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 76.63% in 2022, then plunged 482.84% in 2024.
- A 5-year view of Operating Expenses shows it stood at -$118.0 million in 2022, then slumped by 320.78% to -$496.7 million in 2023, then slumped by 158.25% to -$1.3 billion in 2024, then jumped by 70.34% to -$380.5 million in 2025, then grew by 4.47% to -$363.5 million in 2026.
- Business Quant data shows PAGS's Operating Expenses at -$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 | 2,819.83 Bn | 2,741.56 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,056.91 Bn | 1,042.76 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 530.68 Bn | 492.11 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 306.85 Bn | 298.93 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 199.03 Bn | 194.49 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 170.56 Bn | 167.51 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 106.91 Bn | 103.62 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 86.43 Bn | 86.31 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 79.42 Bn | 78.48 Bn | 455.60 Mn | 517.59 Mn |
| 10 | PagSeguro Digital | 43.45 Mn | 43.45 Mn | 358.92 Mn | -363.49 Mn |
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 | -1.28 Bn |
| Sep 30, 2024 | -382.22 Mn |
| Jun 30, 2024 | -693.19 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 | -423.07 Mn |
| Jun 30, 2021 | -361.93 Mn |