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
DateValue
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