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Joint Stock Company Kaspi.kz stock: growth
KSPIJoint Stock Company Kaspi.kz reported KZT 3.94T in revenue for fiscal 2025, up 56.1% on the prior year, up 43.5% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
39.9%
per year from 2019 to 2025, per share 40.1%
Earnings (Annual rate)
32.3%
per year from 2019 to 2025, per share 32.5%
Free cash flow (Annual rate)
9.9%
per year from 2019 to 2025, per share 10%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2019 | |
|---|---|---|
| Revenue | 43.5% | 39.9% |
| Revenue per share | 43.7% | 40.1% |
| Earnings | 31.8% | 32.3% |
| Earnings per share | 32.0% | 32.5% |
| Free cash flow | −3.9% | 9.9% |
| Free cash flow per share | −3.7% | 10.0% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2019 | $524.58B | $193.79B | $279.42B |
| 2020 | $647.52B | $260.96B | $599.54B |
| 2021 | $885.48B | $431.91B | $45.45B |
| 2022 | $1.27T | $585.03B | $961.52B |
| 2023 | $1.89T | $841.35B | $1.06T |
| 2024 | $2.52T | $1.04T | $486.17B |
| 2025 | $3.94T | $1.04T | $491.1B |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 17 Jan 2025)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.