B3, Brazil's leading stock exchange operator, announced net revenue of R$2.49 billion for Q3 2025, surpassing IBES analyst estimates of R$2.45 billion. The robust performance reflects the company's strong financial health and operational resilience amid growing market demand.
B3 S.A. (Brasil, Bolsa, Balcão) released its financial results for the third quarter of 2025, posting net revenue of R$2.49 billion, beating analyst estimates of R$2.45 billion. This growth is a testament to B3's dominant position in the financial services market and its ability to capitalize on increased trading volumes and technology-driven market operations.
Alongside revenue growth, the company reported recurring net income of R$1.26 billion, outpacing estimates of R$1.25 billion, and a recurring EBITDA of R$1.73 billion with a robust margin of 69.5%. Capital expenditures during the quarter stood at a manageable R$73.3 million, signaling ongoing investments in infrastructure and technological capabilities.
Analysts highlight B3's strategic acquisitions and expanding services as key growth drivers, particularly in its post-trade operations and analytics platforms. The company benefits from a resilient business model capable of navigating market volatilities while delivering consistent shareholder value.
Key Highlights:
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Q3 2025 net revenue: R$2.49 billion vs. estimate of R$2.45 billion
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Recurring net income: R$1.26 billion, exceeding estimates
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Recurring EBITDA: R$1.73 billion with a 69.5% margin
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Capital expenditure of R$73.3 million fueling technological growth
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Strong growth in post-trade services and analytics platforms
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Analyst consensus reflects buy and hold ratings, underscoring confidence
Source: Smartkarma, TradingView, MarketScreener)