Cover Page
Cover Page | 12 Months Ended |
Dec. 31, 2023 shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Document Registration Statement | false |
Document Annual Report | true |
Document Period End Date | Dec. 31, 2023 |
Current Fiscal Year End Date | --12-31 |
Document Transition Report | false |
Document Shell Company Report | false |
Entity File Number | 001-38714 |
Entity Registrant Name | StoneCo Ltd. |
Entity Incorporation, State or Country Code | E9 |
Entity Address, Address Line One | 4th Floor, Harbour Place |
Entity Address, Address Line Two | 103 South Church Street |
Entity Address, Address Line Three | P.O. Box 10240 |
Entity Address, City or Town | Grand Cayman |
Entity Address, Postal Zip Code | KY1-1002 |
Entity Address, Country | KY |
Title of 12(b) Security | Class A common shares, par value US$0.000079365 per share |
Trading Symbol | STNE |
Security Exchange Name | NASDAQ |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
ICFR Auditor Attestation Flag | true |
Document Financial Statement Error Correction [Flag] | false |
Document Accounting Standard | International Financial Reporting Standards |
Entity Shell Company | false |
Amendment Flag | false |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | FY |
Entity Central Index Key | 0001745431 |
Business Contact | |
Document Information [Line Items] | |
Entity Address, Address Line One | Avenida Doutora Ruth Cardoso, 7221, 20th floor |
Entity Address, Address Line Two | Pinheiros |
Entity Address, City or Town | São Paulo |
Entity Address, Postal Zip Code | 05425-902 |
Entity Address, Country | BR |
Contact Personnel Name | Mateus Scherer Schwening |
City Area Code | 55 (11) |
Local Phone Number | -9680 |
Contact Personnel Fax Number | 55 (11) 3004-9680 |
Contact Personnel Email Address | @stone.com.br |
Class A common stock | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 290,187,329 |
Class B common stock | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 18,748,770 |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2023 | |
Audit Information [Abstract] | |
Auditor Name | Ernst & Young Auditores Independentes S/S Ltda. |
Auditor Location | São Paulo, Brazil |
Auditor Firm ID | 1448 |
Consolidated statement of chang
Consolidated statement of changes in equity - BRL (R$) R$ in Thousands | Total | Issued capital | Additional paid-in capital | Transactions among shareholders | Special reserve | Other reserves | Total | Treasury shares | Other comprehensive income | Retained earnings | Total | Non-controlling interests |
Beginning balance at Dec. 31, 2020 | R$ 14992025 | R$ 75 | R$ 13307585 | R$ 86483 | R$ 61127 | R$ 197493 | R$ 13479722 | R$ 76360 | R$ 5002 | R$ 1455027 | R$ 14853462 | R$ 138563 |
Statement [LineItems] | ||||||||||||
Loss for the year | (1,377,348) | (1,358,813) | (1,358,813) | (18,535) | ||||||||
Other comprehensive income (loss) for the year | (29,118) | (30,790) | (30,790) | 1,672 | ||||||||
Total comprehensive income | (1,406,466) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (30,790) | (1,358,813) | (1,389,603) | (16,863) |
Repurchase of shares | (988,824) | 988,824 | 988,824 | |||||||||
Issuance of shares for purchased non-controlling interests | (230,500) | 1 | 517,740 | (209,330) | 308,410 | 308,411 | (77,911) | |||||
Issuance of shares for business combination | 643,727 | 619,362 | 24,365 | 643,727 | 643,727 | |||||||
Non-controlling interests arising on a business combination | 50,252 | 0 | 50,252 | |||||||||
Share-based payments | 133,154 | 133,121 | 133,121 | 133,121 | 33 | |||||||
Transaction costs from subsidiaries | (23,848) | 23,848 | 23,848 | 23,848 | ||||||||
Sale of subsidiary | (1,219) | 0 | (1,219) | |||||||||
Dividends paid | (2,967) | 0 | 2,967 | |||||||||
Cash proceeds from non-controlling interest | 893 | 0 | 893 | |||||||||
Others | (7) | 0 | (7) | |||||||||
Ending balance at Dec. 31, 2021 | 13,627,220 | 76 | 13,825,325 | 299,701 | 61,127 | 354,979 | 14,541,132 | (1,065,184) | (35,792) | 96,214 | 13,536,446 | 90,774 |
Statement [LineItems] | ||||||||||||
Loss for the year | (526,396) | (519,417) | (519,417) | (6,979) | ||||||||
Other comprehensive income (loss) for the year | (401,070) | (396,909) | (396,909) | (4,161) | ||||||||
Total comprehensive income | (927,466) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (396,909) | (519,417) | (916,326) | (11,140) |
Share-based payments | 189,050 | 189,003 | 189,003 | 189,003 | 47 | |||||||
Sale of subsidiary | (60) | 0 | (60) | |||||||||
Dividends paid | (3,601) | 0 | 3,601 | |||||||||
Others | 6 | 0 | 6 | |||||||||
Equity transaction related to put options over non-controlling interest | (74,440) | (78,289) | (78,289) | (78,289) | 3,849 | |||||||
Shares delivered under share-based payment arrangements | 0 | (34,315) | (88,264) | (122,579) | 122,579 | 0 | ||||||
Treasury shares - Delivered on business combination and sold | 169,864 | (703,656) | (703,656) | 873,520 | 169,864 | |||||||
Equity transaction with non-controlling interests | (30,549) | (6,792) | (6,792) | (6,792) | (23,757) | |||||||
Ending balance at Dec. 31, 2022 | 12,950,024 | 76 | 13,825,325 | (445,062) | 61,127 | 377,429 | 13,818,819 | (69,085) | (432,701) | (423,203) | 12,893,906 | 56,118 |
Statement [LineItems] | ||||||||||||
Loss for the year | 1,600,420 | 1,592,065 | 1,592,065 | 8,355 | ||||||||
Other comprehensive income (loss) for the year | 111,427 | 112,252 | 112,252 | (825) | ||||||||
Total comprehensive income | 1,711,847 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 112,252 | 1,592,065 | 1,704,317 | 7,530 |
Repurchase of shares | (292,745) | 292,745 | 292,745 | |||||||||
Share-based payments | 226,599 | (25,851) | 226,713 | 200,862 | 25,851 | 226,713 | (114) | |||||
Dividends paid | (5,983) | 0 | 5,983 | |||||||||
Others | (208) | (208) | (208) | (208) | ||||||||
Equity transaction related to put options over non-controlling interest | 85,571 | 89,475 | 89,475 | 89,475 | (3,904) | |||||||
Shares delivered under share-based payment arrangements | 806 | (47,591) | (4,873) | (52,464) | 53,270 | 806 | ||||||
Equity transaction with non-controlling interests | 49 | 0 | 49 | |||||||||
Ending balance at Dec. 31, 2023 | R$ 14675960 | R$ 76 | R$ 13825325 | R$ 518504 | R$ 61127 | R$ 688536 | R$ 14056484 | R$ 282709 | R$ 320449 | R$ 1168862 | R$ 14622264 | R$ 53696 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Cash flows from (used in) operating activities [abstract] | |||
Loss for the year | R$ 1600420 | R$ 526396 | R$ 1377348 |
Adjustments to reconcile profit (loss) [abstract] | |||
Depreciation and amortization | 878,181 | 800,326 | 507,369 |
Deferred income tax and social contribution | 24,585 | (153,066) | (239,827) |
Loss on investment in associates | 4,179 | 3,589 | 10,437 |
Accrued interest, monetary and exchange variations, net | (195,419) | (382,707) | (735,125) |
Provision for contingencies | 5,825 | 18,849 | 4,263 |
Share-based payments expense | 251,239 | 213,076 | 113,169 |
Allowance for expected credit losses | 160,195 | 88,572 | 71,972 |
Loss on disposal of property, equipment and intangible assets | 66,200 | 25,347 | 136,104 |
Effect of applying hyperinflation accounting | 3,652 | 3,852 | 2,040 |
Loss on sale of subsidiary | 10,926 | 20,308 | 12,746 |
Fair value adjustment in financial instruments at FVPL | 96,563 | 1,179,547 | 2,570,418 |
Fair value adjustment in derivatives | 20,320 | 90,821 | 104,979 |
Remeasurement of previously held interest in subsidiary acquired | 0 | 0 | (15,848) |
Others | 1,168 | 0 | 0 |
Adjustments for working capital [abstract] | |||
Accounts receivable from card issuers | 32,304 | 740,190 | (2,993,411) |
Receivables from related parties | 20,343 | 12,912 | 1,050 |
Recoverable taxes | 138,987 | 261,867 | (238,127) |
Prepaid expenses | 41,310 | 152,966 | (260,090) |
Trade accounts receivable, banking solutions and other assets | 205,105 | 707,521 | 244,181 |
Loans operations portfolio | (312,808) | 0 | 0 |
Accounts payable to clients | (3,382,075) | (3,633,937) | 4,276,349 |
Taxes payable | 169,827 | 137,825 | 247,399 |
Labor and social security liabilities | 19,284 | 171,293 | (17,388) |
Payment of contingencies | (34,012) | (9,799) | (10,180) |
Trade accounts payable and other liabilities | (80,024) | 323,619 | 40,768 |
Interest paid | (749,366) | (430,398) | (299,666) |
Interest income received, net of costs | 2,766,933 | 2,058,650 | 1,578,870 |
Income tax paid | (116,134) | (191,142) | (128,202) |
Net cash provided by in operating activities | 1,647,708 | 1,683,685 | 3,606,902 |
Cash flows from (used in) investing activities [abstract] | |||
Purchase of property, plant and equipment | (736,244) | (417,733) | (1,082,990) |
Purchases and development of intangible assets | (474,053) | (305,512) | (215,681) |
Acquisition of subsidiary, net of cash acquired | 0 | (69,837) | (4,737,410) |
Sale of subsidiary, net of cash disposed of | 0 | (4,325) | (36) |
Proceeds from (acquisition of) short-term investments, net | 181,611 | (1,222,364) | 5,370,958 |
Acquisition of equity securities | 0 | (15,000) | (2,480,003) |
Proceeds from disposal of long-term investments – equity securities | 220,520 | 183,518 | 209,324 |
Proceeds from the disposal of non-current assets | 536 | 27,008 | 100 |
Payment for interest in associates and subsidiaries acquired in prior periods | (37,806) | (46,897) | (41,459) |
Net cash used in investing activities | (845,436) | (1,871,142) | (2,977,197) |
Cash flows from (used in) financing activities [abstract] | |||
Proceeds from borrowings | 5,181,619 | 3,499,986 | 11,700,297 |
Payment of borrowings | (4,489,681) | (5,009,769) | (7,252,226) |
Payment to FIDC quota holders | (1,032,503) | (1,250,000) | (2,767,552) |
Proceeds from FIDC quota holders | 564,752 | 0 | 584,191 |
Payment of principal portion of lease liabilities | (72,815) | (99,829) | (83,610) |
Repurchase of own shares | (292,745) | 0 | (988,824) |
Sale of own shares | 0 | 53,406 | 0 |
Acquisition of non-controlling interests | (1,440) | (325) | (1,265) |
Transaction with non-controlling interests | 0 | 0 | 230,500 |
Dividends paid to non-controlling interests | (5,983) | (3,601) | (2,967) |
Cash proceeds from non-controlling interest | 0 | 0 | 893 |
Net cash (used in) provided by financing activities | (148,796) | (2,810,132) | 1,419,437 |
Effect of foreign exchange on cash and cash equivalents | 10,336 | 14,548 | (487) |
Change in cash and cash equivalents | 663,812 | (2,983,041) | 2,048,655 |
Cash and cash equivalents at beginning of period | 1,512,604 | 4,495,645 | 2,446,990 |
Cash and cash equivalents at end of period | 2,176,416 | 1,512,604 | 4,495,645 |
Change in cash and cash equivalents | R$ 663812 | R$ 2983041 | R$ 2048655 |
Consolidated statement of finan
Consolidated statement of financial position - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Current assets [abstract] | ||
Cash and cash equivalents | R$ 2176416 | R$ 1512604 |
Short-term | 3,481,496 | 3,453,772 |
Financial assets from banking solutions | 6,397,898 | 3,960,871 |
Accounts receivable from card issuers | 23,895,512 | 20,694,523 |
Trade accounts receivable | 459,947 | 484,722 |
Current loans operations portfolio | 209,957 | 0 |
Recoverable taxes | 146,339 | 150,956 |
Derivative financial instruments | 4,182 | 36,400 |
Other current receivables | 380,854 | 365,355 |
Total current assets | 37,152,601 | 30,659,203 |
Non-current assets [abstract] | ||
Long-term | 45,702 | 214,765 |
Accounts receivable from card issuers | 81,597 | 54,334 |
Trade accounts receivable | 28,533 | 37,324 |
Non-Current loans operations portfolio | 40,790 | 0 |
Receivables from related parties | 2,512 | 10,053 |
Deferred tax assets | 664,492 | 679,971 |
Other assets | 137,508 | 206,526 |
Investment in associates | 83,010 | 109,754 |
Property and equipment | 1,661,897 | 1,641,178 |
Intangible assets | 8,794,919 | 8,632,332 |
Total non-current assets | 11,540,960 | 11,586,237 |
Total assets | 48,693,561 | 42,245,440 |
Current liabilities [abstract] | ||
Deposits from banking customers | 6,119,455 | 4,023,679 |
Accounts payable to clients | 19,163,672 | 16,578,738 |
Trade accounts payable | 513,877 | 596,044 |
Current borrowings and current portion of non-current borrowings | 1,374,766 | 1,847,407 |
Obligations to FIDC quota holders | 505,231 | 975,248 |
Labor and social security liabilities | 515,749 | 468,599 |
Taxes payable | 514,299 | 329,105 |
Derivative financial instruments | 316,171 | 209,714 |
Other liabilities | 119,526 | 145,605 |
Total current liabilities | 29,142,746 | 25,174,139 |
Non-current liabilities [abstract] | ||
Accounts payable to clients | 35,455 | 35,775 |
Borrowings and financing | 3,639,215 | 2,728,470 |
Deferred tax liabilities | 546,514 | 500,247 |
Provision for contingencies | 208,866 | 210,376 |
Labor and social security liabilities | 34,301 | 35,842 |
Other liabilities | 410,504 | 610,567 |
Total non-current liabilities | 4,874,855 | 4,121,277 |
Total liabilities | 34,017,601 | 29,295,416 |
Equity [abstract] | ||
Issued capital | 76 | 76 |
Capital reserve | (14,056,484) | (13,818,819) |
Treasury shares | (282,709) | (69,085) |
Other comprehensive income | (320,449) | (432,701) |
Retained earnings (accumulated losses) | 1,168,862 | (423,203) |
Total equity attributable to owners of parent | 14,622,264 | 12,893,906 |
Non-controlling interests | 53,696 | 56,118 |
Total equity | 14,675,960 | 12,950,024 |
Total equity and liabilities | R$ 48693561 | R$ 42245440 |
Consolidated statement of profi
Consolidated statement of profit or loss - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Profit or loss [abstract] | |||
Net revenue from transaction activities and other services | R$ 3309765 | R$ 2617407 | R$ 1626853 |
Net revenue from subscription services and equipment rental | 1,824,956 | 1,760,915 | 1,071,932 |
Finance income | 6,229,303 | 4,638,022 | 1,877,683 |
Other financial income | 690,979 | 572,601 | 247,293 |
Total revenue and income | 12,055,003 | 9,588,945 | 4,823,761 |
Cost of services | (2,982,758) | (2,669,752) | (1,713,828) |
Administrative expenses | (1,188,869) | (1,121,357) | (813,341) |
Selling expense | (1,698,275) | (1,511,241) | (1,012,544) |
Financial expenses, net | (3,999,465) | (3,514,739) | (1,269,058) |
Mark-to-market on equity securities designated at FVPL | 30,574 | (853,056) | (1,264,213) |
Other income (expenses), net | (241,213) | (302,501) | (185,894) |
Total expenses | (10,080,006) | (9,972,646) | (6,258,878) |
Loss on investment in associates | (4,179) | (3,589) | (10,437) |
Adjusted profit before income taxes | 1,970,818 | (387,290) | (1,445,554) |
Current income tax and social contribution | (345,813) | (292,172) | (171,621) |
Deferred income tax and social contribution | (24,585) | 153,066 | 239,827 |
Loss for the year | 1,600,420 | (526,396) | (1,377,348) |
Profit (loss), attributable to [abstract] | |||
Controlling shareholders | 1,592,065 | (519,417) | (1,358,813) |
Non-controlling interests | R$ 8355 | R$ 6979 | R$ 18535 |
Earnings per share [abstract] | |||
Basic earnings (loss) per share for the year attributable to controlling shareholders (in Brazilian Reais) | R$ 5.09 | R$ 1.67 | R$ 4.40 |
Diluted earnings (loss) per share for the year attributable to controlling shareholders (in Brazilian Reais) | R$ 4.74 | R$ 1.67 | R$ 4.40 |
Consolidated statement of other
Consolidated statement of other comprehensive income - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Comprehensive income | |||
Loss for the year | R$ 1600420 | R$ 526396 | R$ 1377348 |
Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income | 98,283 | (253,181) | (303,157) |
Tax on changes in the fair value of accounts receivable from card issuers | (33,414) | 86,081 | 103,073 |
Exchange differences on translation of foreign operations | (24,073) | (30,544) | 4,651 |
Changes in the fair value of cash flow hedge | 64,146 | (207,222) | (54,144) |
Unrealized loss on cash flow hedge - highly probable future imports | 0 | 0 | 1,512 |
Net monetary position in hyperinflationary economies | 4,316 | 5,384 | 2,481 |
Change in fair value in OCI | 1,912 | (6,971) | 216,466 |
Other comprehensive income, net of tax, exchange differences on translation of foreign operations | 257 | 5,383 | 0 |
Other comprehensive income (loss) for the year | 111,427 | (401,070) | (29,118) |
Total comprehensive income | 1,711,847 | (927,466) | (1,406,466) |
Controlling shareholders | 1,704,317 | (916,326) | (1,389,603) |
Non-controlling interests | R$ 7530 | R$ 11140 | R$ 16863 |
Operations
Operations | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of joint operations [abstract] | |
Operations | Operations StoneCo Ltd. (the “Company”), is a Cayman Islands exempted company with limited liability, incorporated on March 11, 2014. The registered office of the Company is located at 4th Floor, Harbour Place 103 South Church Street, P.O. box 10240 Grand Cayman E9 KY1-1002. On November 29, 2022, the Brazilian Central Bank (“BACEN”) approved the Company’s change of control through a corporate restructuring involving the conversion Mr. Eduardo Pontes interests in Company´s Class B super-voting shares from HR Holdings, LLC (which were held indirectly through holding companies) into Class A shares directly owned by his family controlled entities ("Corporate Restructuring”). As a result of the Corporate Restructuring, HR Holdings LLC became the owner of, approximately, 31% of the Company’s voting shares. HR Holdings LLC’s ultimate parent is the VCK Investment Fund Limited SAC A, an investment fund, owned by the co-founder of the Company, Mr. Andre Street. The Company’s shares are publicly traded on Nasdaq under the ticker symbol STNE and its Brazilian Depositary Receipts (“BDRs”) representing the underlying Company´s shares are traded on the Brazilian stock exchange (B3) under the ticker symbol STOC31. The Company and its subsidiaries (collectively, the “Group”) provide financial services and software solutions to clients across in-store, mobile and online device platforms helping them to better manage their businesses by increasing the productivity of their sales initiatives. The consolidated financial statements of the Group were approved for issue by the Audit Committee on March 15, 2024. |
General accounting policies
General accounting policies | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
Disclosure of changes in accounting policies [text block] | General accounting policies The accounting policies are presented in the corresponding notes throughout the financial statements. The general accounting policies, unrelated to specific notes, are as follows. 2.1. Basis of preparation The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements have been prepared on a historical cost basis, other than some Short and Long-term investments, Accounts receivable from card issuers, certain loans presented under Trade accounts receivable, Derivative financial instruments, Other liabilities related to contingent consideration and, upon initial recognition, Provision for contingencies of entities acquired on business combinations. The consolidated financial statements are presented in Brazilian Real/Reais (“R$”), and all values are rounded to the nearest thousand (R$ 000), except when otherwise indicated. 2.2. Foreign currency translation 2.2.1. Financial statements in foreign currencies The Group’s consolidated financial statements are presented in Brazilian Reais, which is the Company’s functional currency. The Group determines the functional currency for each member entity The Company’s subsidiaries’ functional currency is the Brazilian Real, except for the Napse Group for which its members use the U.S. Dollar, Argentinian Peso, Chilean Peso, Mexican Peso, Nuevo Sol and Uruguayan Peso. For those entities that use a functional currency other than the Brazilian Real, their financial statements are translated into Brazilian Reais using (i) the exchange rates at the reporting date for assets and liabilities, (ii) average monthly exchange rates for profit or loss, and (iii) the exchange rate at the transaction date for equity transactions. For these entities, exchange gains and losses arising from the translation process are recorded in Other comprehensive income (loss) ("OCI") in “Exchange differences on translation of foreign operations.” 2.2.2. Transactions in foreign currencies Transactions in foreign currencies are initially recorded by the Group’s entities in their functional currency at the spot exchange rate at the date the transaction first qualifies for recognition. Monetary assets and liabilities denominated in foreign currencies are translated into each functional currency using the exchange rates prevailing at the reporting date. Exchange gains and losses arising from the settlement of transactions and from the translation of monetary assets and liabilities denominated in foreign currency are recognized in the statement of profit or loss. These mostly arise from transactions carried out by clients with credit and debit cards issued by foreign card issuers, from the translation of the Group’s financial instruments denominated in foreign currencies and, to a lesser extent, from purchase of products and services denominated in foreign currencies. 2.3. Leases The determination of whether an arrangement is, or contains, a lease is based on the substance of the arrangement at the inception date. In the event that fulfillment of the arrangement is dependent on the use of specific assets or the arrangement transfers a right to use the asset, such arrangements are defined as leases. 2.3.1. The Group as a lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets for which the Group opts for recognition exemption. The Group recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. 2.3.1.1. Right-of-use assets The Group recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. The estimated useful lives for the right-of-use assets are as follows: Estimated useful lives (years) Offices 1-10 Vehicles 1-3 Equipment 1-10 Software 1-3 If ownership of the leased asset is transferred to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The right-of-use assets are also subject to impairment. 2.3.1.2. Lease liabilities At the commencement date of the lease, the Group recognizes under “Borrowings and financing” lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating a lease; if the lease term reflects the Group exercising the option to terminate. The variable lease payments are recognized as an expense in the same period the event or condition that triggered the payment occurred. In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the lease liability balance is increased to reflect the accretion of interest and reduced when lease payments are made. The carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset. 2.3.1.3. Short-term leases and leases of low-value assets The Group applies the short-term lease recognition exemption to its short-term leases of offices, software, vehicles and other equipment (being contracts with a lease term of 12 months or less from the commencement date which do not contain a purchase option). It also applies the low-value assets recognition exemption to leases of office equipment that are considered of low value (below US$ 5,000). Lease payments of short-term leases and leases of low-value assets are recognized as an expense on a straight-line basis over the lease term. 2.3.2. The Group as a lessor Leases in which the Group does not transfer substantially all the risks and rewards incidental to ownership of an asset are classified as operating leases. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as revenue in the period in which they are earned. The Group has cancellable month-to-month lease contracts of Pin Pads & Point of Sale (“POS”) to third parties (clients). The leased assets are included in “Property and equipment” in the consolidated statement of financial position and are depreciated over their expected useful lives on a straight-line basis. Income from operating leases (net of any incentives given to the lessee) is recognized on a straight-line basis over the lease term in “Net revenue from subscription services and equipment rental” in the consolidated statement of profit or loss. 2.4. Current and non-current classification The Group presents assets and liabilities in the statement of financial position based on a current / non-current classification. An asset is current when it is: • expected to be realized or intended to be sold or consumed in the normal operating cycle; • held primarily for the purpose of trading; • expected to be realized within twelve months after the reporting period; or • cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. All other assets are classified as non-current. A liability is current when it is: • expected to be settled in the normal operating cycle; • held primarily for the purpose of trading; • due to be settled within twelve months after the reporting period; or • there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current. Deferred tax assets and liabilities are classified as non-current assets and liabilities. 2.5. IAS 29 Financial Reporting in Hyperinflationary Economies As the accumulated inflation rate in Argentina had exceeded 100% over the past three years the Company adopted IAS 29 Financial Reporting in Hyperinflationary Economies for the Argentine subsidiary Napse S.R.L. Pursuant to IAS 29, non-monetary assets and liabilities, shareholders’ equity and amounts in the statement of profit or loss of entities that operate in hyperinflationary economies are adjusted by the change in the general purchasing power of the currency, based on a general price index. The financial statements of an entity whose functional currency is the currency of a hyperinflationary economy, whether based on the historical or current cost approach, should be expressed in terms of the current measurement unit at the statement of financial position date. 2.6. Climate Related Matters The Group acknowledges the presence and importance of climate risk and seeks to integrate it as part of the other managed risks. By the nature of its activities, the Company is mainly affected by physical and transition risks indirectly, as a result of the effects of those risks on its customers. Within this context, the Group has the objective of developing its capabilities for identifying, assessing, measuring, monitoring, reporting, and mitigating the potential effects resulting from social, environmental, and climate risks associated with its prioritized products, services, activities, and processes, based on the principles of relevance and proportionality. The Group's current view is that its business model and its main products are not likely to have a significant impact from the transition to a low-carbon economy. Climate-related matters however may increase the uncertainty in selected estimates and assumptions underpinning some items in the financial statements. Even though climate-related risks might not currently have a significant impact on measurement, the Group is closely monitoring relevant changes and developments, such as new climate-related legislation. Financial assets may be indirectly impacted by climate-related matters, principally the loan and credit card portfolio. Cash flows from customers whose businesses are affected by transition risks and extreme weather events and other physical climate risks may be impacted. However, this risk is mitigated by the diverse and broad base of customers operating in across numerous industries and in different geographical regions in Brazil, and the relative short-term duration of the loans. Extreme weather events might more significantly affect specific cities or geographical areas. 2.7. New standards and amendments to standards and interpretations adopted The following amendments and interpretations were applied for the first time in 2023: • Amendment to IAS 12 – deferred tax related to assets and liabilities arising from a single transaction: The amendments require companies to recognize deferred tax on transactions that, on initial recognition give rise to equal amounts of taxable and deductible temporary differences. • Narrow scope amendments to IAS 1, practice statement 2 and IAS 8: The amendments aim to improve accounting policy disclosures and to help users of the financial statements to distinguish between changes in accounting estimates and changes in accounting policies. • IFRS 17 – insurance contracts: This standard replaces IFRS 4, which currently permits a wide variety of practices in accounting for insurance contracts. IFRS 17 will fundamentally change the accounting by all entities that issue insurance contracts and investment contracts with discretionary participation features. These amendments had no significant impact on the consolidated financial statements of the Group. 2.8. New standards and amendments to standards and interpretations not yet adopted The new and amended standards and interpretations that are issued, but not yet effective as of December 31, 2023 are presented below. The Group intends to adopt these new and amended standards and interpretations, if applicable, when they become effective. 2.8.1. International Tax Reform—Pillar Two Model Rules – Amendments to IAS 12 The amendment provides an exception not to recognize and disclose information about deferred tax assets and liabilities that are related to tax law enacted or substantively enacted to implement the Pillar Two model rules published by the Organization for Economic Co-operation and Development (the “Pillar Two legislation”). The amendments require that entities disclose separately their current tax expense/ income related to Pillar Two income taxes, and the qualitative and quantitative information about exposure to Pillar Two income taxes in periods in which the Pillar Two legislation is enacted or substantially enacted but not yet in effect, in annual reporting periods beginning on or after 1 January 2023. Currently, considering the legislation currently in force in the jurisdiction in which the Group has operations, it is not expected to significantly affect the Group’s financial statements. 2.8.2. Amendments to IAS 1: Classification of liabilities as current or non-current In January 2020 and October 2022, the IASB issued amendments to paragraphs 69 to 76 of IAS 1 to specify the requirements for classifying liabilities as current or non-current. The amendments clarify: • What is meant by a right to defer settlement; • That a right to defer must exist at the end of the reporting period; • That classification is unaffected by the likelihood that an entity will exercise its deferral right; • That an embedded derivative in a convertible liability is itself an equity instrument would the terms of a liability not impact its classification. The amendments are effective for annual reporting periods beginning on or after January 1, 2024 and must be applied retrospectively. The Group reviewed the amendment and currently does not expect it to have any impact on the Group’s consolidated financial statements. 2.8.3. Amendments to IAS 21: Lack of exchangeability On August 15, 2023, the IASB issued Lack of Exchangeability which amended IAS 21 The Effects of Changes in Foreign Exchange Rates (the Amendments).The amendments introduce requirements to assess when a currency is exchangeable into another currency and when it is not. The amendments require the entity to estimate the spot exchange rate when it concludes that a currency is not exchangeable into another currency. The amendments are effective for annual reporting periods beginning on or after January 1, 2025. The Group is assessing if the amendments will affect the Group’s consolidated financial statements. 2.8.4. IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments In May 2023, the IASB issued amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures to clarify the characteristics of supplier finance arrangements and require additional disclosure of such arrangements. The amendments aim to enhance the understanding of the characteristics of supplier financing transactions and include disclosures in financial statements that help users understand the effects on the entity's liabilities, cash flows and liquidity risk exposure. The amendments are effective for annual reporting periods beginning on or after January 1, 2024. The Group reviewed the amendment and currently does not expect it to have any impact on the Group’s consolidated financial statements on the initial application of the amendment since as of the date of these financial statement it has not entered into supplier finance arrangements. 2.8.5. The Enhancement and Standardization of Climate-Related Disclosures for Investors On March 06, 2024, the Securities and Exchange Commission (SEC) issued the final rule on The Enhancement and Standardization of Climate-Related Disclosures for Investors. This rule mandates the disclosure of information regarding a registrant’s climate-related risks that have materially impacted, or are reasonably likely to have a material impact on, its business strategy, results of operations, or financial condition. The Group is currently assessing the impact of this rule for disclosure to investors. |
Significant judgments, estimate
Significant judgments, estimates and assumptions | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of accounting judgments and estimates [Abstract] | |
Significant judgments, estimates and assumptions | Significant judgments, estimates and assumptions The preparation of the financial statements of the Company and its subsidiaries requires management to make judgments and estimates and to adopt assumptions that affect the amounts presented referring to revenues, expenses, assets and liabilities at the financial statement date. Actual results may differ from these estimates. The judgements, estimates and assumptions are frequently revised, and any effects are recognized in the revision period and in any future affected periods. The objective of these revisions is to mitigate the risk of material differences between estimated and actual results in the future. Significant assumptions about sources of uncertainty in future estimates and other significant sources at the reporting date are presented in each of the notes along the financial statements. |
Group information
Group information | 12 Months Ended |
Dec. 31, 2023 | |
Investments accounted for using equity method [abstract] | |
Summary of financial statements of subsidiaries and structured entities | Group information 4.1. Subsidiaries 4.1.1. Accounting policy 4.1.1.1. Basis of consolidation The consolidated financial statements comprise the financial statements of the Company and its subsidiaries. Control is achieved when the Group: • has power over the investee (i.e., existing rights that give it the current ability to direct the relevant activities of the investee); • is exposed, or has rights, to variable returns from its involvement with the investee; and • has the ability to use its power to affect its returns. Generally, there is a presumption that a majority of voting rights results in control. To support this presumption and when the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including: • the contractual arrangement(s) with the other vote holders of the investee; • rights arising from other contractual arrangements; and • the Group’s voting rights and potential voting rights. The Group re-assesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group obtains control until the date the Group ceases to control the subsidiary. Profit or loss and each component of OCI are attributed to the equity holders of the parent of the Group and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Group’s accounting policies. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction, in “Transactions among shareholders.” in equity. 4.1.1.2. Consolidation of structured entities Usually, the control of an investee is determined by voting or similar rights of the investor. In some cases, voting or similar rights is not the decisive factor to characterize control. An entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity is denominated as a structured entity. Frequently, the relevant activities of structured entities are directed by means of contractual arrangements. In such cases, an investor’s consideration of the purpose and design of the investee shall also include consideration of the risks to which the investee was designed to be exposed, the risks it was designed to pass on to the parties involved with the investee and whether the investor is exposed to some or all of those risks. Based on the contractual terms, the Group identified that certain investments meet the definition of a structured entity under IFRS 12 – Disclosure of Interests in Other Entities. The Group considers the entities listed below to be structured entities that are controlled by the Group. The participation of the Group in each of them is stated as follows: Outstanding quotas as of December 31, 2023 Tapso Fundo de Investimento em Direitos Creditórios ("FIDC TAPSO") 100% of subordinated quotas representing approximately 99% of total (subordinated and senior and/or mezzanine) quotas Tapso II Fundo de Investimento em Direitos Creditórios ("FIDC TAPSO II") 100% of subordinated quotas representing total quotas SOMA I Fundo de Investimentos em Direitos Creditórios Não Padronizados ("FIDC SOMA") 100% of subordinated quotas representing total quotas SOMA III Fundo de Investimentos em Direitos Creditórios Não Padronizados ("FIDC SOMA III") 100% of subordinated quotas representing total quotas StoneCo exclusivo Fundo de Investimento em Cotas de Fundo de Investimento Multimercado Crédito Privado ("FIC FIM STONECO") 100% of all outstanding quotas of a single class ACR I Fundo de Investimento em Direitos Creditórios ("FIDC ACR I") 100% of subordinated quotas representing approximately 97% of total (subordinated and senior and/or mezzanine) quotas ACR III Fundo de Investimento em Direitos Creditórios ("FIDC ACR III") 100% of subordinated quotas representing total quotas ACR V Fundo de Investimento em Direitos Creditórios ("FIDC ACR V") 100% of subordinated quotas representing total quotas ACR VI Fundo de Investimento em Direitos Creditórios ("FIDC ACR VI") 100% of subordinated quotas representing total quotas ACR FAST Fundo de Investimento em Direitos Creditórios ("FIDC ACR FAST") 100% of subordinated quotas representing approximately 97% of total (subordinated and senior and/or mezzanine) quotas The bylaws of these structured entities were established at their inception to grant significant decision-making authority over these entities. As sole holders of the subordinated quotas, the Group is entitled to the full residual value of the entities, if any, and thus the Group has the rights to their variable returns. During 2023, the structured entities FIDC AR III and Retail Renda Fixa Crédito Privado Fundo de Investimento were closed. In accordance with IFRS 10, the Group concluded it controls all structured entities listed above, therefore, they are consolidated in the Group’s financial statements. FIDCs senior and mezzanine quotas held by third parties, when applicable, are accounted for as a financial liability under “Obligations to FIDC quota holders” and the remuneration paid to senior and mezzanine quota holders is recorded as an interest expense (Note 6.8). 4.1.2. Subsidiaries of the Group The consolidated financial statements of the Group include the following subsidiaries and structured entities: % of Group's equity interest Entity name Principal activities 2023 2022 Stone Instituição de Pagamento S.A. (“Stone Pagamentos”) Merchant acquiring 100.00 100.00 MNLT S.A. (“MNLT”) Merchant acquiring 100.00 100.00 Pagar.me Instituição de Pagamento S.A. (“Pagar.me”) Merchant acquiring 100.00 100.00 Stone Cartões Instituição de Pagamento S.A. (“Stone Cartões”) Merchant acquiring 100.00 100.00 % of Group's equity interest Entity name Principal activities 2023 2022 Linx Pay Meios de Pagamento Ltda. (“Linx Pay”) Merchant acquiring 100.00 100.00 Stone Sociedade de Crédito Direto S.A. (“Stone SCD”) Financial services 100.00 100.00 TAG Tecnologia para o Sistema Financeiro S.A. ("TAG") Financial assets register 100.00 100.00 MLabs Software S.A. (“MLabs”) Technology services 51.50 51.50 Equals S.A. (“Equals”) (a) Technology services — 100.00 Questor Sistemas S.A. (“Questor”) Technology services 50.00 50.00 Sponte Informática S.A. (“Sponte”) (b) Technology services — 100.00 SimplesVet Tecnologia S.A. (“SimplesVet”) Technology services 50.00 50.00 VHSYS Sistema de Gestão S.A. (“VHSYS”) Technology services 50.00 50.00 Trampolin Pagamentos S.A. (“Trampolin”) (c) Technology services — 100.00 Linx S.A. (“Linx”) Technology services 100.00 100.00 Linx Sistemas e Consultoria Ltda. (“Linx Sistemas”) Technology services 100.00 100.00 Linx Telecomunicações Ltda. ("Linx Telecom") Technology services 100.00 100.00 Napse S.R.L. (“Napse Group”) Technology services 100.00 100.00 Napse Uruguay SAS (“Napse Group”) Technology services 100.00 100.00 Sociedad Ingenería de Sistemas Napse I.T. de Chile Limitada (“Napse Group”) Technology services 100.00 100.00 Napse IT Peru S.R.L. (“Napse Group”) Technology services 100.00 100.00 Synthesis Holding LLC (“Napse Group”) Technology services 100.00 100.00 Synthesis US LLC (“Napse Group”) Technology services 100.00 100.00 Retail Americas Sociedad de Responsabilidad Limitada de Capital Variable (“Napse Group”) Technology services 100.00 100.00 Synthesis IT de México Sociedad de Responsabilidad Limitada de Capital Variable (“Napse Group”) Technology services 100.00 100.00 Hiper Software S.A. ("Hiper") Technology services 100.00 100.00 Reclame Aqui LLC (“Reclame Aqui Group”) Technology services 50.00 50.00 Obvio Brasil Software e Serviços S.A. (“Reclame Aqui Group”) Technology services 50.00 50.00 O Mediador Tecnologia da Informação S/S Ltda (“Reclame Aqui Group”) Technology services 50.00 50.00 Reclame Aqui Marcas e Serviços Ltda (“Reclame Aqui Group”) Technology services 50.00 50.00 STEF S.A ("Stef") (d) Technology services 100.00 — Hubcount Tecnologia S.A. (“Hubcount”) (e) Technology services 75.60 75.60 Buy4 Processamento de Pagamentos S.A. (“Buy4”) Processing card transactions 100.00 100.00 Buy4 Sub LLC ("Buy4 LLC") Cloud store card transactions 100.00 100.00 Vitta Corretora de Seguros Ltda. (“Vitta Group”) Insurance services 100.00 100.00 Vitta Tecnologia em Saúde S.A. (“Vitta Group”) Health services 100.00 100.00 Vitta Serviços em Saúde Ltda. (“Vitta Group”) Health services 100.00 100.00 Vitta Saúde Administradora de Benefícios Ltda. (“Vitta Group”) Health services 100.00 100.00 StoneCo Pagamentos UK Ltd. ("StoneCo UK") Service provider 100.00 100.00 Stone Logística Ltda. ("Stone Log") Logistic services 100.00 100.00 Stone Franchising Ltda. ("Franchising") Franchising management 100.00 100.00 Cappta S.A. (“Cappta”) (d) Electronic fund transfer — 59.60 Ametista Serviços Digitais Ltda. (“PinPag”) (f) Electronic fund transfer 100.00 100.00 Esmeralda Serviços Digitais Ltda. (“PinPag”) (f) Electronic fund transfer 100.00 100.00 Diamante Serviços Digitais Ltda. (“PinPag”) (f) Electronic fund transfer 100.00 100.00 Safira Serviços Digitais Ltda. (“PinPag”) (f) Electronic fund transfer 100.00 100.00 FIDC AR III (g) Investment fund — 100.00 FIDC TAPSO Investment fund 100.00 100.00 FIDC TAPSO II Investment fund 100.00 100.00 FIDC SOMA Investment fund 100.00 100.00 FIDC SOMA III Investment fund 100.00 100.00 FIC FIM STONECO Investment fund 100.00 100.00 Retail Renda Fixa Crédito Privado Fundo de Investimento (“Retail Renda Fixa”) (h) Investment fund — 100.00 FIDC ACR I (i) Investment fund 100.00 — % of Group's equity interest Entity name Principal activities 2023 2022 FIDC ACR III (i) Investment fund 100.00 — FIDC ACR V (i) Investment fund 100.00 — FIDC ACR VI (h) Investment fund 100.00 — FIDC ACR FAST (i) Investment fund 100.00 — MPB Capital LLC ("MPB") Investment company 100.00 100.00 DLP Capital LLC ("DLP Cap") Holding company 100.00 100.00 DLPPar Participações S.A. (“DLPPar”) Holding company 100.00 100.00 Reclame Aqui Holding Ltd ("Reclame Aqui") Holding company 50.00 50.00 STNE Participações S.A. ("STNE Par") Holding company 100.00 100.00 STNE Participações em Tecnologia S.A. ("STNE ParTec") Holding company 100.00 100.00 VittaPar LLC (“Vitta Group”) Holding company 100.00 100.00 Stone Holding Instituições S.A. ("Stone Holding") Holding company 100.00 100.00 STNE Investimentos S.A. ("STNE Invest.") (j) Holding company 100.00 — Equals Software S.A. ("Equals Software") (k) Holding company 100.00 — Stone Seguros S.A. (“Stone Seguros”) Holding company 100.00 100.00 (a) Equals was merged into STNE Par on October 02, 2023. (b) Sponte was merged into Linx Sistemas on August 01, 2023. (c) Trampolin was merged into Pagar.me on April 01, 2023. (d) In June 2023, a reorganization of the businesses was carried by a former subsidiary Cappta. As a result of the reorganization, the Company no longer has an interest in providing technology solutions for payments in installments; the equity interest was raised to increased to 100% for the technology solutions for electronic transfers. Both activities were, up to June 30, 2023, carried out by Cappta, when the Company owned 59.6%. As a result of the transaction, the Company no longer has an investment in Cappta and has a 100% interest in Stef. The transaction did not have any material impact on the Group financial statements. (e) STNE Par has a 50% equity in Questor and, on August 31, 2022, Questor acquired a 75.60% equity interest in Hubcount. (f) On February 7, 2024, the equity interest of Pinpag was sold, thus, the Group ceased to hold equity interest in Pinpag. (g) FIDC AR III was closed on September, 20 2023. (h) Retail Renda Fixa was closed on March 30, 2023. (i) The Group owns 100% of the subordinated quotas in connection with the incorporation of the funds. (j) On January 2, 2023, the Group constituted STNE Invest. to hold equity stakes in other companies. (k) On January 2, 2023, the Group constituted Equals Software to hold equity stake in Vitta Group. The Group is seeking to focus on its core operation to simplify and strengthen the business, which led to some divestment in 2023. The Group holds call options to acquire additional interests in some of its subsidiaries (Notes 6.1.5 and 6.9) and issued put options to non-controlling investors (Note 6.13.1. (g)). 4.2. Associates 4.2.1. Accounting policy An associate is an entity over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee, but does not have control, or joint control over those policies. The considerations made in determining significant influence are similar to those necessary to determine control over subsidiaries. The Group’s investments in associates are accounted for using the equity method. Under the equity method, the investment in an associate is initially recognized at cost. The carrying amount of the investment is adjusted to recognize changes in the Group’s share of net assets of the associate since the acquisition date. Goodwill relating to the associate is included in the carrying amount of the investment and is not tested for impairment separately. The statement of profit or loss reflects the Group’s share of the results of operations of the associate. Any change in OCI of those investees is presented as part of the Group’s OCI. In addition, when there has been a change recognized directly in the equity of the associate, the Group recognizes its share of any changes, when applicable, in the statement of changes in equity. Unrealized gains and losses resulting from transactions between the Group and associates are eliminated to the extent of the interest in the associate. The aggregate of the Group’s share of profit or loss of an associate is shown on the face of the statement of profit or loss outside operating profit and represents profit or loss after tax and non-controlling interests in the subsidiaries of the associate. The financial statements of the associate are prepared for the same reporting period as the Group. When necessary, adjustments are made to bring the accounting policies in line with those of the Group. After application of the equity method, the Group determines whether it is necessary to recognize an impairment loss on its investment in its associate. At each reporting date, the Group determines whether there is objective evidence that the investment in the associate is impaired. If there is such evidence, the Group calculates the amount of impairment as the difference between the recoverable amount of the associate and it carrying value, and then recognizes the loss within share of profit of an associate in the statement of profit or loss. In the event of a loss of significant influence over the associate, the Group measures and recognizes any retained investment at its fair value. Any difference between the carrying amount of the associate upon loss of significant influence and the fair value of the retained investment and proceeds from disposal is recognized in profit or loss. None of the investments in associates presented significant restrictions on transferring resources in the form of cash dividends or repayment of obligations, during the periods reported. 4.2.2. Associates held by the Group % Group's equity interest Entity name Principal activities 2023 2022 Alpha-Logo Serviços de Informática S.A. (“Tablet Cloud”) Technology services 25.00 25.00 Agilize Tecnologia S.A. ("Agilize") (a) Technology services 33.33 — Trinks Serviços de Internet S.A. (“Trinks”) Technology services 19.90 19.90 Neostore Desenvolvimento De Programas De Computador S.A. (“Neomode”) Technology services 40.02 40.02 Dental Office S.A. (“RH Software”) Technology services 20.00 20.00 APP Sistemas S.A. (“APP”) (b) Technology services 19.90 20.00 Delivery Much Tecnologia S.A. (“Delivery Much”) Food delivery marketplace 29.49 29.49 EveryData Jamaica Limited (“Creditinfo Caribbean”) (c) Credit bureau services — 47.75 EveryData (Guyana) Inc. (“Creditinfo Caribbean”) (c) Credit bureau services — 47.75 EveryData (Barbados) Limited (“Creditinfo Caribbean”) (c) Credit bureau services — 47.75 EveryData ECCU Ltd (“Creditinfo Caribbean”) (c) Credit bureau services — 47.75 EveryData Group Ltd. SEZC ("StoneCo CI") (c) Holding company — 47.75 (a) On August 1, 2023, the Group acquired a 33.33% equity interest in Agilize, a private company based in the State of Bahia, Brazil, for R$$8,523.00 through the conversion of a credit arising from a convertible loan agreement. Agilize develops technology that provides online accounting services. (b) In April 2023, the ownership in APP was diluted by the issuance of new shares under a long-term incentive program, admitting a new shareholder. (c) On December 29, 2023 the Company sold all its interest in Everydata Group Ltd. (formerly, StoneCo CI) and its subsidiaries (namely, the Creditinfo Caribbean companies). The Group holds call options to acquire additional interests in some of its associates (Notes 6.1.5 and 6.9). |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Dec. 31, 2023 | |
Cash and cash equivalents [abstract] | |
Cash and cash equivalents | Cash and cash equivalents 5.1. Accounting policy Cash and cash equivalents in the statement of financial position comprise cash at banks and short-term deposits with a maturity of three months or less from the date of acquisition, which are subject to an insignificant risk of changes in value, and readily convertible into cash. 5.2. Currency denomination 2023 2022 Denominated in R$ 2,128,425 1,388,616 Denominated in US$ 47,991 123,959 Denominated in other foreign currencies — 29 2,176,416 1,512,604 |
Financial instruments
Financial instruments | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of detailed information about financial instruments [abstract] | |
Financial instruments | Financial instruments 6.1. Accounting policy A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. 6.1.1. Financial assets 6.1.1.1. Description of the different financial assets The Company holds financial assets for all its businesses due to the nature of its activities. In order to facilitate the understanding of the financial statements and the underlying businesses, the financial asset line items presented in the statement of financial position are shown by business activity that generated the assets, how these are measured, and where in the statement of profit or loss the results generated by such assets are classified. Line item presented in the statement of financial position Description of the related business activity Basis of measurement Line item of the profit or loss statement where results generated are presented Cash and cash equivalents and Short-term investments Managing of liquidity of the business FVPL Interest income - Other financial income Fair value gain or losses - Other financial income Foreign exchange gain or losses - Financial expenses, net Financial assets from banking solutions Corresponds to regulatorily required amounts to be maintained in certain specified assets as reserve requirements for deposits of banking customers Deposits at BACEN – Amortized cost Government securities – FVPL Interest income - Financial income Fair value gain or losses - Financial income Accounts receivable from card issuers Corresponds to amounts receivable from card issuers for transactions that acquiring business processes. The balances do not bear interest. Receivables are regularly sold before their maturity as part of the funding strategy FVOCI Cost of funding on sale of receivables - Financial expenses, net Foreign exchange gain or losses on balances of transactions in foreign currency - Financial expenses, net Trade accounts receivable Loans designated at FVPL - Corresponds to loans granted to customers of the acquiring business up to June 30, 2021 FVPL as voluntarily designated loans to be measured at FVPL Interest income - Financial income Fair value gain or losses - Financial income Trade accounts receivable All other items - Corresponds to amounts due by customers of the acquiring business for transaction services and equipment rental and of the software business for services provided. Amortized cost Allowance for expected credit losses - Cost of services Interest and penalties for late payment - Other financial income Loans operations portfolio Corresponds to credit (working capital loans and balances due by credit card)granted to customers as from March 1, 2023 Amortized cost Interest income - Financial income Allowance for expected credit losses - Cost of services Foreign exchange gains or losses on balance of credit card in foreign currency – Financial expenses, net Derivative financial instruments assets Corresponds to derivatives entered into to manage the financial risks (mainly interest rate and foreign exchange) inherent to acquiring businesses and related to the funding structure FVPL Fair value gain or losses - Financial expenses, net For those designated in a cash flow hedge relationship: Ineffective portion of change in fair value - Financial expenses, net Effective portion of change in fair value once reclassified from OCI - Financial expenses, net Long-term investments Corresponds to investments in equity interests with no significant influence. FVPL or FVOCI FVOCI - Other comprehensive income FVPL - Other financial income / Mark-to-market on equity securities designated at FVPL 6.1.1.2. Initial recognition and measurement Financial assets are classified at initial recognition as subsequently measured at amortized cost, fair value through other comprehensive income (“FVOCI”), or fair value through profit or loss (“FVPL”). The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. Except for trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus transactions costs, in the case of a financial asset not at FVPL. Trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient are measured at the transaction price determined under IFRS 15 – Revenue from Contracts with Customers. For a financial asset to be classified and measured at amortized cost or FVOCI, it needs to give rise to cash flows that are solely payments of principal and interest (“SPPI”) on the principal amount outstanding. This assessment is referred to as the SPPI test and is performed at an instrument level. Financial assets with cash flows that are not SPPI are classified and measured at FVPL, irrespective of the business model. The Group’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Financial assets classified and measured at amortized cost are held within a business model with the objective to hold financial assets in order to collect contractual cash flows while financial assets classified and measured at FVOCI are held within a business model with the objective of both, holding to collect contractual cash flows and selling. Financial assets at FVPL include financial assets held for trading, financial assets designated upon initial recognition at FVPL, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Notwithstanding the criteria for debt instruments to be classified at amortized cost or at FVOCI, as described above, debt instruments may be designated at FVPL on initial recognition if doing so eliminates, or significantly reduces, an accounting mismatch. Purchases or sales of financial assets that require delivery of assets within a time frame set by regulation or market practice (regular way trades) are recognized on the trade date, i.e., the date that the Group commits to purchase or sell the asset. 6.1.1.3. Subsequent measurement For purposes of subsequent measurement, financial assets are classified in four categories, as described as follows: 6.1.1.3.1. Financial assets at amortized cost (debt instruments) Financial assets at amortized cost are subsequently measured using the effective interest rate (“EIR”) method and are subject to impairment. Gains and losses are recognized in profit or loss when the asset is derecognized, modified or impaired. The Group’s financial assets at amortized cost include trade accounts receivable, other assets, loans operation portfolio originated from March 1, 2023 and receivables from related parties, since they are held to collect payments of principal and interest and meet the SPPI test. 6.1.1.3.2. Financial assets at FVOCI with recycling of cumulative gains and losses (debt instruments) For debt instruments at FVOCI, interest income, foreign exchange revaluation and impairment losses or reversals are recognized in the statement of profit or loss similarly to financial assets measured at amortized cost. The remaining fair value changes are recognized in OCI. Upon derecognition, the cumulative fair value change recognized in OCI is recycled to profit or loss. This category is the most relevant to the Group and it corresponds solely to accounts receivable from card issuers. 6.1.1.3.3. Financial assets at FVOCI with no recycling of cumulative gains and losses upon derecognition (equity instruments) Upon initial recognition, the Group can irrevocably elect to classify its equity investments as equity instruments designated at FVOCI when they meet the definition of equity under IAS 32 – Financial Instruments: Presentation and are not held for trading. The classification is determined on an instrument-by-instrument basis. Gains and losses on these financial assets are never recycled to profit or loss. Dividends are recognized as other financial income in the statement of profit or loss when the right of payment has been established, except when the Group benefits from such proceeds as a recovery of part of the cost of the financial asset, in which case, such gains are recorded in OCI. Equity instruments designated at FVOCI are not subject to impairment assessment. The Group elected to irrevocably classify some of the equity investments under this category, included in long-term investments. 6.1.1.3.4. Financial assets at FVPL Financial assets at FVPL are carried in the statement of financial position at fair value with net changes in fair value recognized in the statement of profit or loss. This category includes (i) bonds and investment funds under short-term investment and some equity investments under long-term investments, which the Group had not irrevocably elected to classify at FVOCI, and (ii) derivative financial instruments. 6.1.1.4. Derecognition A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is derecognized of the consolidated statement of financial position when: • The contractual rights to receive cash flows from the asset have expired; or • The Group has transferred its contractual rights to receive cash flows from the asset or has assumed a contractual obligation to pay the received cash flows in full without material delay to a third party under a ‘pass-through’ arrangement; and either (i) the Group has transferred substantially all the risks and rewards of the asset, or (ii) the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset. When the Group has transferred its contractual rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates if, and to what extent, it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all the risks and rewards of the asset, nor transferred control of the asset, the Group continues to recognize the transferred asset to the extent of its continuing involvement. In that case, the Group also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Group has retained. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Group could be required to repay. The derecognition of a financial asset by the Group occurs manly in the definitive assignment of Accounts receivable from card issuers to third parties without substantial retention of risks and benefits of the assigned financial asset and without continuing involvement. The difference between the consideration received by the Group for the financial asset and its carrying amount is recognized under ¨Financial expenses, net¨. 6.1.1.5. Impairment of financial assets The Group recognizes an allowance for expected credit losses (“ECLs”) for all debt instruments measured at amortized cost or FVOCI. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. For the loans operations portfolio, the Group applies general approach in calculating ECLs, considering delinquency information, internal risk classification and risk parameters (“PD” – probability of default, “LGD” – loss given default and “EAD” – exposure at default), resulting in three-stage levels. For all other financial assets subject to ECL, the Group applies a simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs, provision matrix and days past due at each reporting date. See details about ECL estimation procedures in Note 6.2.1. 6.1.2. Financial liabilities 6.1.2.1. Description of the funding strategy including different financial liabilities of the Financial Services segment The Group’s different businesses require funding, in particular the Financial Services acquiring business, to be able to provide liquidity to customers mainly through the prepayment of the transactions processed by the Group or other acquirers and by providing them with loans. Different forms of funding are sought, some of which comprise indebtedness presented as financial liabilities in the statement of financial position. The Group also fund its activities by selling accounts receivables on a fully non-recourse basis and passing to the counterparts all the risks and benefits of such assets (Note 6.1.1.1 - Accounts receivable from card issuers). In order to facilitate an understanding of the financial statements and how they relate to the underlying business the financial liabilities line items presented in the statement of financial position are summarized by the business activity that generates such liabilities, showing how they are measured and where in their results are classified in the statement of profit or loss. Line item presented in the statement of financial position Description of the related business activity Basis of measurement Line item of the profit or loss statement where results generated are presented Deposits from banking customers Amounts held by banking customers on their payment accounts. Amortized cost The financial liability generally does not result in the recognition of gain or losses Accounts payable to clients Amounts payable to merchants for transactions for acquiring business processes. The balances do not carry interest. Amounts are early redeemed of the contractual due date at a discount Amortized cost Gain for the prepayment of payables at a discount - Financial income Borrowings and financing Financing obtained from third parties as part of the funding strategy Amortized cost Interest expense - Financial expenses, net Foreign exchange gain or losses - Financial expenses, net Obligations to FIDC quota holders Financing obtained through consolidated structured entities - FIDCs Amortized cost Financial expenses, net Line item presented in the statement of financial position Description of the related business activity Basis of measurement Line item of the profit or loss statement where results generated are presented Derivative financial instruments liabilities Corresponds to derivative entered into to manage the financial risks (mainly interest rate and foreign exchange) inherent to the acquiring business and related to the funding structure FVPL Fair value gain or losses - Financial expenses, net For those designated in a cash flow hedge relationship: Ineffective portion of change in fair value - Financial expenses, net Effective portion of change in fair value once reclassified from OCI - Financial expenses, net Other liabilities - contingent consideration Corresponds to contingent payments from business combinations FVPL Interest expenses - Financial expenses, net Fair value gain or losses - Other income (expenses), net 6.1.2.2. Initial recognition and measurement Financial liabilities are classified, at initial recognition, as financial liabilities at FVPL, amortized cost or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are recognized initially at fair value and, in the case of amortized cost, net of directly attributable transaction costs. The Group’s financial liabilities include accounts payable to clients, trade and other liabilities, borrowings and financing, and derivative financial instruments. Accounts payable to clients represent amounts due to accredited clients related to credit and debit card transactions, net of interchange fees retained by card issuers and assessment fees disbursed to payment scheme networks as well as the Group’s net merchant discount rate fees which are collected by the Group as an agent. 6.1.2.3. Subsequent measurement The measurement of financial liabilities depends on their classification, as described as follows. 6.1.2.3.1. Financial liabilities at FVPL Financial liabilities at FVPL include financial liabilities held for trading and financial liabilities designated upon initial recognition as at FVPL. Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term. This category also includes derivative financial instruments entered by the Group that are not designated as hedging instruments in hedge relationships as defined by IFRS 9 – Financial Instruments. Separated embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments. Gains or losses on liabilities held for trading are recognized in the statement of profit or loss. Financial liabilities designated upon initial recognition at FVPL are designated at the initial date of recognition, and only if the criteria in IFRS 9 are satisfied. This category includes derivative financial instruments and contingent consideration included in other liabilities. 6.1.2.3.2. Financial liabilities at amortized cost After initial recognition, financial liabilities classified in this category are subsequently measured at amortized cost using the EIR method. Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the EIR amortization process. Amortized cost is calculated by considering any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is classified as Financial expenses, net in the statement of profit or loss. This category includes all financial liabilities, except derivative financial instruments and contingent consideration included in other liabilities. This category is the most significant to the Group. 6.1.2.4. Derecognition A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognized in the statement of profit or loss. 6.1.3. Fair value of financial instruments The Group measures financial instruments such as derivatives, at fair value at each statement of financial position date. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: • In the principal market for the asset or liability; or • In the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: The Group uses the following hierarchy to determine and disclose the fair value of financial instruments through measurement technique: • Level I: quoted prices in active markets for identical assets or liabilities; • Level II: other techniques for which all inputs that have a significant effect on the recorded fair value are observable, either directly or indirectly; and • Level III: techniques using inputs that have a significant effect on the recorded fair value that are not based on observable market data. For assets and liabilities that are recognized in the financial statements at fair value on a recurring basis, the Group determines whether transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. 6.1.4. Offsetting of financial instruments Financial assets and financial liabilities are offset, and the net amount is reported in the consolidated statement of financial position, only if there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, to realize the assets and settle the liabilities simultaneously. As of December 31, 2023, and 2022, the Group has no financial instruments that meet the conditions for recognition on a net basis. 6.1.5. Derivative financial instruments From time to time, the Group uses derivative financial instruments to manage currency and interest rate risks. Derivative financial instruments are initially recognized at fair value on the date on which a derivative contract is entered and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. Some of the Group’s derivative financial instruments are used as cash flow hedge accounting instruments. The effective portion of gains or losses arising from changes in the fair value of these derivatives are usually recognized in equity, in “Other comprehensive income.” The ineffective portion is recognized in the statement of profit or loss, in “Financial expenses, net.” For the hedged item classified as a financial instrument measured at amortized cost using the EIR method, the amount accumulated in the cash flow hedge reserve is reclassified to profit or loss when the hedged cash flows impact the statement of profit or loss. The method applied by the Group to reclassify the amounts is as follows: (i) the accrual interest portion of the derivative is also measured by the EIR method and recognized in the statement of profit or loss, in “Financial expenses, net”, following the hedged item accrual; and (ii) the remaining amounts related to fair value of hedging instrument is a temporal effect recognized in OCI at each reporting date, ultimately being recognized in profit or loss upon the liquidation of the hedging instrument (Note 6.9.1). The Group also uses derivative financial instruments as an economic hedge. These instruments are measured at FVPL and recorded as an asset or liability under Derivative financial instruments (Note 6.9.2). Certain agreements entered into by the Company for the acquisition of subsidiaries and associates include call options to acquire additional interests in the investees, which are classified as embedded derivatives. Each of the options is measured at FVPL in accordance with pre-determined formulas and recorded in the consolidated statement of financial position as an asset under Derivative financial instruments (Note 6.9.). 6.2. Significant judgments, estimates and assumptions 6.2.1. Measurement of loss allowance for expected credit losses 6.2.1.1 Loans operations portfolio The Group calculates an expected credit loss allowance for its loans based on statistical models that consider both internal and external historical data, negative credit information and guarantees, among which information addressing the behavior of each debtor. The Group calculates its loans operations portfolio in three stages: (i) Stage 1: corresponds to loans that do not present significant increase in credit risk since origination; (ii) Stage 2: corresponds to loans that presented significant increase in credit risk subsequent to origination; and The Group determines Stage 2 based on following criteria: (a) absolute criteria: financial asset overdue more than 30 days, or; (b) relative criteria: In addition to the absolute criteria, the Group analyzes the evolution of the risk of each financial instrument on a monthly basis, comparing the current behavior score attributed to each client with that attributed at the time of recognition of the financial asset. Behavioral scoring considers credit behavior variables, such as default on other products and market data about the customer. When the credit risk increases significatively since origination, the Stage 1 operations is moved to Stage 2. in credit risk, as mentioned above, and the loan is moved to Stage 1. (iii) Stage 3: corresponds to impaired loans. The Group determine Stage 3 based on following criteria: (a) absolute criteria: financial asset overdue more than 90 days, or; (b) relative criteria: indicators that the financial asset will not be paid in full without activating a guarantee or financial guarantee. The indication that an obligation will not be paid in full includes the tolerance of financial instruments that imply the granting of advantages to the counterparty following the deterioration of the counterparty's credit quality. The Group also assumes a cure criterion for Stage 3, with respect to the counterparty's repayment capacity, such as the percentage of total debt paid or the time limit to liquidate current debt obligations. Management regularly seeks forward looking perspectives for future market developments including macroeconomic scenarios as well as its portfolio risk profile. Management may adjust the ECL resulting from the models above in order to better reflect this forward looking perspective. The information about the ECLs on the Group’s Loans operations portfolio to clients are disclosed in Note 6.6. 6.2.1.2. Accounts receivable from card issuers The macroeconomic scenario is facing significant challenges due to the prolonged persistence of high-interest rates, closely monitored by the group. This challenging situation is impacting various agents of the economy, including card issuers. Continuous monitoring of this challenging scenario is crucial for the decisions on the provision and how we estimate ECLs within the Group. We estimate ECLs based on available external (including ratings from major agencies) and internal information. The Group monitors credit risk of issuers. 6.2.1.3. Trade accounts receivable The provision rates are based on days past due for groupings of various client segments that have similar loss patterns (e.g., by product type, customer type and rating). The provision is initially based on the Group’s historical observed default rates. The Group calibrates to adjust the historical credit loss experience with forward-looking information every year. The information about the ECLs on the Group’s Accounts receivable from card issuers and Trade accounts receivable are disclosed in Notes 6.4.2 and 6.5.2 respectively. 6.2.2. Fair value measurement of financial instruments When the fair values of financial assets and financial liabilities recorded in the statement of financial position cannot be measured based on quoted prices in active markets, their fair value is measured using valuation techniques including the discounted cash flow (“DCF”) model. The inputs to these models are taken from observable markets where possible, but where this is not feasible, a degree of judgement is required in establishing fair values. Judgements include considerations of inputs such as liquidity risk, credit risk and volatility. Changes in assumptions relating to these factors could affect the reported fair value of financial instruments. 6.3. Short and Long-term investments Short-term Long-term Listed securities Unlisted securities Listed securities Unlisted securities 2023 Bonds (a) Brazilian sovereign bonds 2,954,236 — — — 2,954,236 Structured notes linked to Brazilian sovereign bonds — 473,259 — — 473,259 Corporate bonds 51,933 — — — 51,933 Equity securities (b) — — — 45,702 45,702 Investment funds (c) — 2,068 — — 2,068 3,006,169 475,327 — 45,702 3,527,198 Current 3,481,496 Non-current 45,702 Short-term Long-term Listed securities Unlisted securities Listed securities Unlisted securities 2022 Bonds (a) Brazilian sovereign bonds 926,559 — — — 926,559 Structured notes linked to Brazilian sovereign bonds — 2,176,019 — — 2,176,019 Corporate bonds 349,540 — — — 349,540 Equity securities (b) — — 182,139 32,626 214,765 Investment funds (c) — 1,654 — — 1,654 1,276,099 2,177,673 182,139 32,626 3,668,537 Current 3,453,772 Non-current 214,765 (a) As of December 31, 2023, bonds of listed securities are mainly linked to the CDI and SELIC benchmark interest rates. (b) Comprised of common shares of listed and unlisted entities. These assets are measured at fair value. The Group selects the assets for recognition at fair value, from the existing listed and unlisted equity instruments, through profit or loss (“FVPL”) or other comprehensive income (“FVOCI”). Fair value of unlisted equity instruments as of December 31, 2022, was determined based on negotiations of the securities. • Assets at FVPL Comprised of Banco Inter S.A. (“Banco Inter”) shares, acquired in June, 2021. During the first quarter of 2023, the Group sold its remaining interest in Banco Inter of 16.8 million shares. The shares were sold at a price of R$ 12.96, equivalent to R$ 218,105. The change in fair value of equity securities at FVPL for the year ended December 31, 2023 was a gain of R$ 30,574 (2022 was a loss of R$ 853,056), which was recognized in the statement of profit or loss. • Assets as FVOCI On December 31, 2023 and 2022, these comprised of common shares in entities that are not traded in an active market. The change in fair value of equity securities at FVOCI for the year ended December 31, 2023 was R$ 1,912 (2022 – R$ (6,971), which was recognized in other comprehensive income. (c) Comprised of foreign investment fund shares. Short-term investments are denominated in Brazilian Reais and U.S. Dollars. 6.4. Accounts receivable from card issuers 6.4.1. Composition of accounts receivable from card issuers Accounts receivable are amounts due from card issuers and acquirers for the transactions of clients with card holders, performed in the ordinary course of business. 2023 2022 Accounts receivable from card issuers (a) 23,364,806 20,053,392 Accounts receivable from other acquirers (b) 667,922 718,228 Allowance for expected credit losses (55,619) (22,763) 23,977,109 20,748,857 Current 23,895,512 20,694,523 Non-current 81,597 54,334 (a) Accounts receivable from card issuers, net of interchange fees, as a result of processing transactions with clients. (b) Accounts receivable from other acquirers related to PSP (Payment Service Provider) transactions. Part of the Group’s cash requirement are to make prepayments to acquiring customers which are satisfied by the definitive sale of receivables to third parties. When such sales of receivables is carried out to entities in which the Group has subordinated shares or quotas, the receivables sold remain in statement of financial position, as these entities are consolidated in the financial statements. As of December 31, 2023 a total of R$ 467,622 were consolidated through FIDC ACR FAST, of which the Group has subordinated shares (2022 - R$ nil). When the sale of receivables is carried out to with non-controlled entities and for transactions where continuous involvement is not present, the amounts transferred are derecognized f |
Other assets
Other assets | 12 Months Ended |
Dec. 31, 2023 | |
Subclassifications of assets, liabilities and equities [abstract] | |
Other Assets | Other assets 2023 2022 Customer deferred acquisition costs 190,239 199,920 Prepaid expenses (a) 189,371 230,681 Salary advances 52,586 41,294 Judicial deposits 22,507 17,682 Security deposits 14,230 15,011 Convertible loans 10,527 12,328 Other 38,902 54,965 518,362 571,881 Current 380,854 365,355 Non-current 137,508 206,526 (a) These expenditures include, but are not limited to, prepaid software licenses, certain consulting services, insurance premiums and prepaid marketing expenses. |
Recoverable taxes
Recoverable taxes | 12 Months Ended |
Dec. 31, 2023 | |
Recoverable Taxes [abstract] | |
Recoverable taxes | Recoverable taxes 2023 2022 Withholding income tax on finance income (a) 101,579 87,701 Income tax and social contribution (b) 9,584 9,872 Others withholding income tax 19,710 36,212 Contributions over revenue 544 3,410 Other taxes 14,922 13,761 146,339 150,956 (a) Refers to income taxes withheld on financial income which will be offset against future income tax payable. (b) Refers to income taxes, social contributions, and withholding tax prepayments that have been offset against income tax payable. |
Income taxes
Income taxes | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract] | |
Income taxes | Income taxes 9.1. Accounting policy 9.1.1. Current income and social contribution taxes Current tax assets and liabilities are measured at the amount expected to be recovered or paid to the tax authorities. The tax regulations applied are those in force on the statement of financial position date in the countries where the Group operates and generates taxable income. The Company is domiciled in the Cayman Islands which is an income tax free jurisdiction. Income of StoneCo from some investments outside the Cayman Islands is subject to withholding taxes to the countries where the investments are based. The withholding tax rate is generally 15%, which is treated as an income tax expense as StoneCo does not currently have taxable income against to which the withheld taxes can be offset. The combined statutory rate applied to all entities in Brazil is 34%, comprising the Corporate Income Tax (“IRPJ”) and the Social Contribution on Net Income (“CSLL”) on the taxable income of each Brazilian legal entity individually (no consolidated tax returns). The Group's Brazilian entities recognize IRPJ and CSLL on an accrual basis. According to Brazilian tax regulations, the historical nominal amount of tax losses determined in prior years can be offset against results of subsequent years at any time (i.e., do not prescribe), provided that such offsetting does not exceed 30% of the annual taxable income of the fiscal period in which tax losses are utilized. Payments are made monthly, in anticipation of the amount which will be due by the year-end. 9.1.2. Deferred income and social contribution taxes Deferred tax assets or liabilities are measured based on the differences between the tax bases of assets and liabilities and the amounts reported in the statement of financial position. Deferred tax assets may be recognized for unused tax loss carryforwards. Deferred tax assets are recognized only to the extent that it is probable that the Group's Brazilian entities will generate sufficient future taxable profits that will allow for their recovery. The expected realization of deferred tax assets is based on technical studies prepared by the Company that demonstrate expectation of future taxable profits according to management projections. The income tax and social contribution expense is recognized in the Consolidated statement of profit or loss under Income tax and social contribution, except when it refers to items recognized in other comprehensive income, in which case the related deferred tax assets or liabilities are also recognized against other comprehensive income. In this case, the Group presents these items in the Consolidated Statement of Other Comprehensive Income net of related tax effect. Management periodically evaluates positions taken in tax returns with respect to situations where applicable tax regulations are subject to interpretation and recognizes provisions, when appropriate. Deferred tax assets and liabilities are presented net in the Consolidated statement of financial position when there is a legally enforceable right and the intention to offset them upon the calculation of current taxes, generally when related to the same legal entity and the same jurisdiction. Accordingly, deferred tax assets and liabilities in different entities or in different tax jurisdictions are generally presented separately, and not on a net basis. 9.2. Significant judgments, estimates and assumptions Deferred tax assets are recognized for all unused tax losses to the extent that sufficient taxable profit will likely be available to allow the use of such losses. Significant judgment is required of management to determine the amount of deferred tax assets that can be recognized, based on the likely timing and level of future taxable profits, together with future tax planning strategies. 9.3. Reconciliation of income tax expense The following is a reconciliation of income tax expense starting from the reported pretax profit (loss) for the year, applying the combined Brazilian statutory rates of 34%: 2023 2022 2021 Profit (loss) before income taxes 1,970,818 (387,290) (1,445,554) Brazilian statutory rate 34 % 34 % 34 % Tax benefit/(expense) at the statutory rate (670,078) 131,679 491,488 Additions (exclusions): Profit (loss) from entities subject to different tax jurisdiction rates 228,953 48,594 3,931 Profit (loss) from entities subject to different tax rates - Mark to market on equity securities designated at FVPL 10,395 (290,039) (429,832) Other permanent differences (13,715) (10,609) 4,325 Equity pickup on associates (1,421) (1,220) (3,548) Unrecorded deferred taxes (15,966) (33,465) (40,165) Prior years unrecorded deferred taxes 23,057 — — Unrealized gain previously held interest on acquisition — — 6,161 Interest payments on net equity — 560 5,933 Use of tax losses previously unrecorded 1,099 1,292 22,492 Research and development tax benefits 59,155 10,275 4,688 Other tax incentives 8,123 3,827 2,733 Total income tax and social contribution benefit/(expense) (370,398) (139,106) 68,206 Effective tax rate 19 % (36 %) 5 % Current income tax and social contribution (345,813) (292,172) (171,621) Deferred income tax and social contribution (24,585) 153,066 239,827 Total income tax and social contribution benefit/(expense) (370,398) (139,106) 68,206 9.4. Deferred income taxes by nature 2022 Recognized against other comprehensive income Recognized against profit or loss Recognized against goodwill 2023 Assets at FVOCI 215,730 (35,786) — — 179,944 Losses available for offsetting against future taxable income 385,634 — (42,321) — 343,313 Other temporary differences 273,625 — 28,926 — 302,551 Tax deductible goodwill 69,017 — (26,392) — 42,625 Share-based compensation 58,815 — 64,396 — 123,211 Contingencies arising from business combinations 51,313 — (14,993) — 36,320 Assets at FVPL (993) — 993 — — Technological innovation benefit (31,557) — 22,519 — (9,038) Temporary differences under FIDC (147,924) — (76,809) — (224,733) Intangible assets and property and equipment arising from business combinations (693,936) — 19,096 (1,375) (676,215) Deferred tax, net 179,724 (35,786) (24,585) (1,375) 117,978 2021 Recognized against other comprehensive income Recognized against profit or loss Recognized against goodwill 2022 Assets at FVOCI 127,335 88,395 — — 215,730 Losses available for offsetting against future taxable income 317,725 — 67,909 — 385,634 Other temporary differences 107,364 — 166,261 — 273,625 Tax deductible goodwill 111,298 — (42,281) — 69,017 Share-based compensation 41,150 — 17,665 — 58,815 Contingencies arising from business combinations 48,284 — 3,029 — 51,313 Assets at FVPL (4,583) — 3,590 — (993) Technological innovation benefit (18,493) — (13,064) — (31,557) Temporary differences under FIDC (69,556) — (78,368) — (147,924) Intangible assets and property and equipment arising from business combinations (709,943) — 28,325 (12,318) (693,936) Deferred tax, net (49,419) 88,395 153,066 (12,318) 179,724 9.5. Unrecognized deferred taxes The Group has accumulated tax loss carryforwards and other temporary differences in some subsidiaries in the amount as of December 31, 2023 of R$ 133,710 (2022 – R$ 144,529) for which a deferred tax asset was not recognized and are available indefinitely for offsetting against future taxable profits of the companies in which the losses arose. Deferred tax assets have not been recognized with respect of these losses as they cannot be used to offset taxable profits between subsidiaries of the Group, and there is no other evidence of probable recoverability in the near future. |
Property and equipment
Property and equipment | 12 Months Ended |
Dec. 31, 2023 | |
Property, plant and equipment [abstract] | |
Property and equipment | Property and equipment 10.1. Accounting policy All property and equipment are stated at historical cost less accumulated depreciation and impairment losses, if any (Note 10.3). Historical cost includes expenditures that are directly attributable to the acquisition of the items and, if applicable, net of tax credits. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item is material and can be measured reliably. All other repairs and maintenance expenditures are charged to profit or loss during the period in which they are incurred. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Assets’ residual values, useful lives and methods of depreciation are reviewed at each reporting date and adjusted prospectively, if appropriate. Gains and losses on disposals or derecognition are determined by comparing the disposal proceeds (if any) with the carrying amount and are recognized in profit or loss. The Group also derecognizes under ¨Disposal of property and equipment¨ Pin Pads & POS held by customers that have not been used in the past 180 or 360 days, depending on the category of customer. 10.2. Significant judgments, estimates and assumptions Property and equipment assets include the preparation of estimates to determine the useful life for depreciation purposes. Useful life determination requires estimates in relation to the expected technological advances and alternative uses of assets. There is a significant element of judgment involved in making technological development assumptions, since the timing and nature of future technological advances are difficult to predict. The Group evaluated the useful life of Property and equipment assets and concluded that no change on the estimates of useful life and residual value of this assets was necessary for the year ended December 31, 2023. The estimated useful lives for the Property and equipment are as follows: Estimated useful lives (years) Pin Pads & POS 5 IT equipment 3 – 10 Facilities 3 – 14 Property 34 Furniture and fixtures 3 – 10 Machinery and equipment 5 – 14 Vehicles and airplanes 2 – 10 10.3. Changes in Property and equipment 2022 Additions Disposals (a) Transfers Effects of hyperinflation Effects of changes in foreign exchange rates 2023 Cost Pin Pads & POS 1,948,382 563,884 (152,952) — — — 2,359,314 IT equipment 262,405 51,743 (27,612) 8,754 165 (125) 295,330 Facilities 91,820 2,488 (20,846) 4,669 (68) (469) 77,594 Machinery and equipment 23,521 4,241 (2,702) — (93) (1,017) 23,950 Furniture and fixtures 24,150 1,025 (3,413) 960 (16) (22) 22,684 Vehicles and airplane 27,296 49 (14) — (5) (151) 27,175 Construction in progress 50,320 192 (5,167) (14,383) — — 30,962 Right-of-use assets - Equipment 4,823 64 (7) — — — 4,880 Right-of-use assets - Vehicles 43,794 3,785 (15,603) — — — 31,976 Right-of-use assets - Offices 205,450 29,405 (56,255) — — 554 179,154 2,681,961 656,876 (284,571) — (17) (1,230) 3,053,019 Depreciation Pin Pads & POS (740,468) (455,632) 130,694 — — — (1,065,406) IT equipment (145,406) (53,143) 26,027 — — 5 (172,517) Facilities (37,739) (13,671) 20,618 — — 285 (30,507) Machinery and equipment (18,571) (4,463) 2,495 — — 500 (20,039) Furniture and fixtures (7,054) (2,316) 2,560 — — 12 (6,798) Vehicles and airplane (2,437) (3,123) 51 — — 41 (5,468) Right-of-use assets - Equipment (1,031) (129) 10 — — — (1,150) Right-of-use assets - Vehicles (21,663) (15,988) 14,349 — — — (23,302) Right-of-use assets - Offices (66,414) (36,846) 36,858 — — 467 (65,935) (1,040,783) (585,311) 233,662 — — 1,310 (1,391,122) Property and equipment, net 1,641,178 71,565 (50,909) — (17) 80 1,661,897 (a) Includes Pin Pad & POS derecognized for not being used by customers after a period of time and Cappta spun-off on June 30, 2023. 2021 Additions Disposals Effects of hyperinflation Effects of changes in foreign exchange rates Business combination 2022 Cost Pin Pads & POS 1,498,271 569,895 (119,784) — — — 1,948,382 IT equipment 246,543 19,807 (5,322) — 25 1,352 262,405 Facilities 90,186 5,005 (2,949) (285) (137) — 91,820 Machinery and equipment 25,776 5,445 (11,520) 186 3,610 24 23,521 Furniture and fixtures 24,754 1,123 (1,849) 1 3 118 24,150 Vehicles and airplane 43,586 97 (16,433) 87 (41) — 27,296 Construction in progress 14,078 43,652 (7,410) — — — 50,320 Right-of-use assets - Equipment 4,629 194 — — — — 4,823 Right-of-use assets - Vehicles 31,547 18,171 (5,924) — — — 43,794 Right-of-use assets - Offices 238,329 28,817 (61,314) (211) (171) — 205,450 2,217,699 692,206 (232,505) (222) 3,289 1,494 2,681,961 Depreciation Pin Pads & POS (438,346) (379,442) 77,320 — — — (740,468) IT equipment (95,553) (55,803) 5,968 — (18) — (145,406) Facilities (25,066) (13,497) 726 — 98 — (37,739) Machinery and equipment (17,861) (4,613) 3,792 — 111 — (18,571) Furniture and fixtures (5,516) (2,424) 890 — (4) — (7,054) Vehicles and airplane (2,498) (3,534) 3,593 — 2 — (2,437) Right-of-use assets - Equipment (505) (526) — — — — (1,031) Right-of-use assets - Vehicles (14,187) (13,125) 5,649 — — — (21,663) Right-of-use assets - Offices (48,647) (40,449) 22,682 — — — (66,414) (648,179) (513,413) 120,620 — 189 — (1,040,783) Property and equipment, net 1,569,520 178,793 (111,885) (222) 3,478 1,494 1,641,178 10.4. Depreciation and amortization charges Depreciation and amortization expense has been charged to the consolidated statement of profit or loss as follows: 2023 2022 2021 Cost of services 606,639 529,793 299,240 General and administrative expenses 229,394 226,353 161,331 Selling expenses 42,148 43,879 46,798 Other income (expenses), net — 301 — Depreciation and Amortization charges 878,181 800,326 507,369 Depreciation charge 585,311 513,413 310,630 Amortization charge (Note 11.3) 292,870 286,913 196,739 Depreciation and Amortization charges 878,181 800,326 507,369 10.5. Impairment test As of December 31, 2023, 2022 and 2021, there were no indicators of impairment of property and equipment. Property and equipment were tested for impairment at the Cash Generating Units (“CGUs”) level in connection with intangible assets and investments in associates (Note 11.4). |
Intangible assets
Intangible assets | 12 Months Ended |
Dec. 31, 2023 | |
Intangible Assets [abstract] | |
Intangible assets | 11. Intangible assets 11.1. Accounting policy 11.1.1. Initial recognition Certain direct development costs associated with internally developed software and software enhancements of the Group’s technology platform are capitalized. Capitalized costs, which occur post determination by Management of technical feasibility, include external services and internal payroll costs. These costs are recorded as intangible assets over the development phase. Research and pre-feasibility development costs, as well as maintenance and training costs, are charged to profit or loss when incurred. Separately acquired intangible assets are measured at cost on initial recognition. The cost of intangible assets acquired in a business combination corresponds to their fair value at the acquisition date. 11.1.2. Subsequent recognition The useful lives of intangible assets are assessed as finite or indefinite. As of December 31, 2023 the Group holds only trademarks and patents and goodwill as indefinite life intangible assets. Intangible assets with finite useful lives are amortized over their estimated useful lives on a straight-line basis. Intangible assets with indefinite lives are not amortized. In both cases the intangible asset is tested for impairment whenever there is an indication that their carrying amount may not be recovered. For intangible assets with indefinite live, the impairment test is annually mandatory. The carrying amount of an intangible asset comprises of its cost net of accumulated amortization and any impairment losses recognized. The useful life and the method of amortization for intangible assets with finite lives are reviewed at least at the end of each year or when a change in the use pattern of the asset is identified. Changes in estimated useful lives or expected consumption of future economic benefits embodied in the assets are considered to modify the amortization period or method, as appropriate, and treated as changes in accounting estimates, with prospective effects. The amortization of intangible assets with definite lives is recognized in profit or loss as an expense consistent with the use of intangible assets. Gains and losses resulting from the disposal or derecognition of intangible assets are measured as the difference between the net disposal proceeds (if any) and their carrying amount and are recognized in profit or loss. 11.1.3. Impairment test The Group performs the impairment test of the assets in the scope of IAS 36 - Impairment of assets when (i) it observes an indication that an asset may be impaired or (ii) annually, whenever the entity has non-ready-to-use assets or goodwill. Assets of the Group subject to IAS 36 are intangible assets (including goodwill), property and equipment and investments in associates. Assets are tested individually, whenever possible, or allocated to CGU or group of CGUs. For the purpose of goodwill impairment testing, goodwill is allocated to the CGU or group of CGUs, which are expected to benefit from the synergies of the business combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those CGU or groups of CGUs. The impairment test consists of a comparison between (i) the carrying amount of the asset, CGU, or group of CGUs and (ii) its recoverable amount. The recoverable amount of an asset, CGU or group of CGUs is the higher of (i) its fair value less costs of disposal and (ii) its value in use. If the carrying amount exceeds the recoverable amount an impairment loss is recognized. In determining fair value less costs of disposal, recent market transactions are considered. If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples, quoted share prices for publicly traded companies or other available fair value indicators. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Impairment losses of continuing operations are recognized in the statement of profit or loss as expenses consistent with the function of the impaired asset. Impairment losses can be reversed in future periods, except for impairment losses of goodwill. See Note 11.4 for details in the model and key assumptions adopted in the annual goodwill impairment test. 11.2. Significant judgments, estimates and assumptions 11.2.1. Estimated useful lives Accounting for intangible assets require to estimate the useful life of those assets for amortization purposes. Useful life determination requires estimates in relation to the expected technological advances and alternative uses of assets. There is a significant element of judgment involved in making technological development assumptions, since the timing and nature of future technological advances are difficult to predict. The Group evaluated the useful life of its intangible assets and concluded that no change of estimate of useful life and residual value of these assets was necessary for the year ended December 31, 2023. The useful lives for the intangible assets are presented below: Estimated useful lives (years) Software 3 – 10 Customer relationship 2 – 34.5 Trademarks and patents 7 – 30.9 Non-compete agreement 5 Licenses 1 – 5 11.2.2. Value in use calculation in the impairment test The value in use calculation is based on a DCF model. The cash flows are derived from the budget for the next five years and do not include restructuring activities that the Group is not yet committed to or significant future investments that will enhance the performance of the assets of the CGU being tested. The recoverable amount is sensitive to the discount rate used for the DCF model as well as the expected future cash-inflows and the growth rate used for extrapolation purposes. These estimates are the most relevant for the impairment test of goodwill recognized by the Group. 11.3. Changes in Intangible assets 2022 Additions Disposals Transfers Effects of hyperinflation Effects of changes in foreign exchange rates Business combination (a) 2023 Cost Goodwill - acquisition of subsidiaries 5,647,421 — — — — (10,358) (2,160) 5,634,903 Customer relationship 1,793,405 6,285 (7,934) — — — 1,940 1,793,696 Trademarks and patents 551,000 1 (2) — — — — 550,999 Software 1,162,311 220,627 (62,862) 23,160 681 (11,323) 2,104 1,334,698 Non-compete agreement 26,024 — — — — — — 26,024 Operating license 5,674 — — — — — — 5,674 Software in progress 66,820 254,664 (23,716) (23,160) — — — 274,608 Right-of-use assets - Software 88,254 34,163 (71,859) — — — — 50,558 9,340,909 515,740 (166,373) — 681 (21,681) 1,884 9,671,160 Amortization Customer relationship (278,032) (70,690) 4,741 — — — — (343,981) Trademarks and patents (10,816) (9,404) 1 — — — — (20,219) Software (337,935) (184,397) 43,581 — — 4,588 — (474,163) Non-compete agreement (7,751) (5,083) — — — — — (12,834) Operating license (6,108) (16) 451 — — — — (5,673) Right-of-use assets - Software (67,935) (23,280) 71,844 — — — — (19,371) (708,577) (292,870) 120,618 — — 4,588 — (876,241) Intangible assets net 8,632,332 222,870 (45,755) — 681 (17,093) 1,884 8,794,919 (a) More details in Note 23.3. 2021 Additions Disposals Transfers Effects of hyperinflation Effects of changes in foreign exchange rates Business combination 2022 Cost Goodwill - acquisition of subsidiaries 5,591,489 — (22,774) — — (12,111) 90,817 5,647,421 Customer relationship 1,747,444 21,075 (4,015) — — (152) 29,053 1,793,405 Trademarks and patents 262,036 — — — — — 288,964 551,000 Software 1,066,470 207,086 (170,997) 17,117 1,754 (4,480) 45,361 1,162,311 Non-compete agreement 26,024 — — — — — — 26,024 Operating license 12,443 — (6,073) — — (696) — 5,674 Software in progress 43,960 43,115 (3,138) (17,117) — — — 66,820 Right-of-use assets - Software 72,463 16,728 (937) — — — — 88,254 8,822,329 288,004 (207,934) — 1,754 (17,439) 454,195 9,340,909 Amortization Customer relationship (217,090) (73,897) 9,650 — — 3,305 — (278,032) Trademarks and patents (6,908) (3,908) — — — — — (10,816) Software (264,399) (174,358) 100,754 — — 68 — (337,935) Non-compete agreement (1,106) (6,645) — — — — — (7,751) Operating license (10,854) (3,801) 6,073 — — 2,474 — (6,108) Right-of-use assets - Software (44,454) (24,304) 823 — — — — (67,935) (544,811) (286,913) 117,300 — — 5,847 — (708,577) Intangible assets, net 8,277,518 1,091 (90,634) — 1,754 (11,592) 454,195 8,632,332 11.4. Impairment test As of December 31, 2023, and 2022, there were no indicators of impairment of finite-life intangible assets. The Group performs its impairment test annually or more frequently if it observes an indication that a potential impairment exists by testing the impairment of the CGUs (or groups of CGUs) that contain goodwill and / or indefinite useful-life intangible assets. In 2023, the Group defined four CGUs, for which significant goodwill had been allocated to two of them, as follows: As of October 31, 2023 CGU Description Goodwill allocated Indefinite useful-life intangible assets allocated CGU 1 – Financial services Companies related to financial solutions are included in this CGU. The Group considers these companies as a CGU due to the integrated financial solutions provided by them, as capture, processing, transmission, and financial liquidation of transactions with debit and credit card, among other services. 444,140 14,497 CGU 2 – Software This CGU includes the technology offering new solutions to customers related to the technology platform of the Group. 5,147,296 248,422 CGUs 3 and 4 Composed by other smaller CGUs defined as separate CGUs due to the specific service provided to customers which generate cash flows that are largely independent of the other Group’s CGUs. 44,535 2,962 The Group performed its annual impairment test as of October 31, 2023 (2022 – November 30) which did not result in the need to recognize impairment losses on the carrying amount of any of the CGUs. As from 2023, the Group changed the date of the mandatory annual impairment test for goodwill and indefinite useful-life intangible assets from November 30 to October 31 in order to better align the date with the timing of Company’s financial budgeting and forecasting cycle and to allow more time from the date of the test to the date of approval of financial statements. The recoverable amount of the Group’s CGUs as of October 31, 2023 and as of November 30, 2022 has been determined based on a value in use calculation using cash flow projections from financial budgets approved by Board of Officers, covering a period of five years in 2023 and 2022. The key assumptions considered in value in use calculation for all of the Group’s CGUs are as follows: • Free cash flow to equity for the five years forecasted period. • Average annual growth rate of the free cash flows over the five-year forecast period, based on past performance and management’s expectations of market development and on current industry trends and including long-term inflation forecasts. • Considered a pre-tax discount rate applied to discount future cash flows of between 11.73% and 13.75% (2022 – between 12.16% and 14.39%), based on long-term interest rate, country risk premium, industry adjusted beta and other variables. • Considered a perpetuity growth rate of 6.00% (2022 – 6.00%), based on long-term local inflation and real growth. The Group carried out a sensitivity analysis of the impairment test considering four independent scenarios of key assumptions deterioration, as follows: (i) a decrease of 10% in the value of the expected synergies between the CGU 1 – Financial services and the CGU 2 – Software, which impacts the free cash flow of those CGUs; (ii) a decrease of 1,000 basis points in the average annual growth of the free cash flow over the five-year forecasted period; (iii) an increase of 100 basis points in the pre-tax discount rate; and (iv) a decrease of 50 basis points in the perpetuity rate applied after the last year of projected free cash flow. The sensitivity analysis results did not indicate an impairment loss on the CGUs carrying amounts, except for the CGU 2 – Software in the scenario (iii) as described as follows. The recoverable amount of the CGU 2 – Software exceeds it carrying amount by R$ 1,086,957. The Group would recognize an impairment loss of R$ 193,551 on goodwill allocated to this CGU if the pre-tax discount rate increased from 11.73% to 12.73%. A pre-tax discount rate up to 12.56% would not result in an impairment loss. |
Taxes payable
Taxes payable | 12 Months Ended |
Dec. 31, 2023 | |
Taxes payable [abstract] | |
Taxes payable | Taxes payable 2023 2022 Income tax (IRPJ and CSLL) (a) 366,366 223,764 Contributions over revenue (PIS and COFINS) (b) 76,719 51,065 Withholding income tax 43,238 27,582 Taxes on services (ISS) (b) 13,367 11,702 Withholding taxes from services taken (c) 5,392 6,802 Other taxes and contributions 9,217 8,190 514,299 329,105 (a) Some income from investment funds is only taxed when redemption occurs. Accordingly, on December 31, 2023, the amount of R$ R$ 356,599 (R$ 208,939 on December 31, 2022) was recorded as income tax on an accrual basis. The expense for current income tax is recognized in the statement of profit or loss under "Income tax and social contribution" against tax payable. An advance payment of income tax when due is recognized during the tax year as Recoverable taxes (Note 8). (b) PIS/COFINS and ISS are measured based on the revenues of the Brazilian entities of the Group and are recognized as a deduction to gross revenue. (c) Amount relative to PIS, COFINS, IRPJ and CSLL, withheld from suppliers and paid by the Group on their behalf. These amounts are recognized as a tax liability, with no impact to the statement of profit or loss. |
Transactions with related parti
Transactions with related parties | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of transactions between related parties [abstract] | |
Transactions with related parties | Transactions with related parties Related parties comprise the Group’s parent companies, key management personnel and any businesses which are controlled, directly or indirectly by the founders, officers and directors or over which they exercise significant management influence. Related party transactions are entered in the normal course of business at prices and terms approved by the Group’s management. The following transactions were carried out with related parties: 2023 2022 2021 Sales of services Associates (legal and administrative services) (a) 153 86 23 Entity controlled by management personnel (b) 6 3 10 159 89 33 Purchases of goods and services Entity controlled by management personnel (b) — — (1,531) Associates (transaction services) (c) (3,207) (1,800) (1,119) Service provider — — (440) (3,207) (1,800) (3,090) (a) Related to services provided to Trinks. (b) Related to consulting and management services with Genova Consultoria e Participações Ltda., travel services reimbursed to Zurich Consultoria e Participações Ltda and VCK Investment Fund. (c) Related mainly to expenses paid to Trinks, RH Software, APP and Tablet Cloud for consulting services, marketing expenses, sales commissions and software license to new customer’s acquisition. Services provided to related parties include legal and administrative services provided under normal trade terms and reimbursement of other expenses incurred in their respect. As of December 31, 2023, some officers and directors had subscribed to the Group’s banking solutions. The total amount recognized in Deposits from banking customers is R$ 253 (2022 – R$ 86). 13.1. Year-end balances The following balances are outstanding at the end of the reporting period in relation to transactions with related parties: 2023 2022 Loans to associate 2,512 3,932 Receivables from related parties 2,512 3,932 Comparative balances have been revised and certain balances due by parties at December 31, 2022 were no longer considered related parties. As of December 31, 2023, there is no allowance for expected credit losses on related parties’ receivables. No guarantees were provided or received in relation to any accounts receivable or payable involving related parties. 13.2. Key management personnel compensation Management includes executive officers and members of Board of Directors of the Group and compensation consists of fixed compensation, profit sharing and benefits plus any corresponding social or labor charges and or provisions for such charges. Compensation expenses are recognized in profit or loss of the Group. For the years ended December 31, 2023 and 2022, compensation expense was as follows: 2023 2022 2021 Short-term benefits 64,904 45,169 13,621 Share-based payments (Note 20.4) 86,215 64,038 29,332 151,119 109,207 42,953 |
Provision for contingencies
Provision for contingencies | 12 Months Ended |
Dec. 31, 2023 | |
Provisions [abstract] | |
Disclosure of provisions [text block] | Provision for contingencies 14.1. Accounting policy Some entities of the Group are party to labor, civil and tax litigation in progress, which are being addressed at the administrative and judicial levels. Provisions for legal claims (labor, civil and tax) are recognized when (i) there is a present obligation (legal or constructive) as a result of a past event; (ii) it is probable that an outflow of resources will be required to settle such obligation; and (iii) a reliable estimate can be made of the amount of the obligation. If there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. Provisions are measured by the best estimate of the expenditure required to settle the present obligation at the end of the reporting period. Provisions are recognized at the present value using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation whenever the effect of the time value of money is material. The increase in the provision due to the passage of time is recognized as Financial expenses, net. Where the Group expects some or all of a provision to be reimbursed, for example, under an insurance contract, the reimbursement is recognized as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is presented in the statement of profit or loss net of any reimbursement, if applicable. 14.2. Significant judgments, estimates and assumptions As the litigation portfolio matures, the estimation of litigation outcomes is refined to assess the mores significant legal settlements. During 2023 two changes were introduced to the estimation methods: March 2023 - The previous approach disclosed possible losses based solely on the total amount claimed in both civil and labor disputes. In March, 2023, a more sophisticated methodology was used that considers actual losses incurred by in similar cases. Under the revised criteria possible losses are based on the actual historical costs in the respective judicial courts for similar cases. In general, upon final determination, actual losses are a fraction of the total amounts claimed, and as a result, total possible civil and labor contingencies disclosed were reduced. December of 2023 - The previous criteria considered a loss to be probable on a case-by-case basis which generally occurred once an adverse decision had been handed down for that lawsuit. In December 2023, the criteria was modified for individually non-significant lawsuits of a similar nature. Under the revised methodology, individually non-significant lawsuits of a similar nature such as a portfolio, are measured, grouped and provided to cover the losses based on the most recent 12-month average loss for these types of lawsuits. For individually significant losses or those of a non-repetitive nature, the Group continues to assess the probability and the amount of the losses considered probable on a case-by-case basis. 14.3. Probable losses, provided for in the statement of financial position The Group’s companies are party to labor, civil and tax litigation in progress, which are being addressed at the administrative and judicial levels, as well recognize risks of their activities that may require the recording of provisions. The amount, nature and the movement of the liabilities is summarized as follows: Civil Labor Tax Total Balance as of December 31, 2021 15,610 16,383 149,856 181,849 Additions 29,460 8,759 9,491 47,710 Reversals (13,471) (1,654) (13,736) (28,861) Interest 2,030 1,239 16,208 19,477 Payments (8,305) (267) (1,227) (9,799) Balance as of December 31, 2022 25,324 24,460 160,592 210,376 Additions 46,723 38,533 23,607 108,863 Reversals (22,598) (24,624) (55,816) (103,038) Interest 3,846 3,218 19,613 26,677 Payments (17,433) (1,882) (14,697) (34,012) Balance as of December 31, 2023 35,862 39,705 133,299 208,866 14.3.1. Civil lawsuits In general, provisions and contingencies arise from claims related to lawsuits of a similar nature, with individual amounts that are not considered individually significant. The nature of the civil litigations is categorized according to the primary business of the Group. Substantial provisions are summarized in two business domains, namely (i) acquiring, totaling R$ 18,556 as of December 31, 2023 (2022 - R$ 15,082) and (ii) banking, totaling R$ 12,559 as of December 31, 2023 (2022 - R$ 6,355). 14.3.2. Labor claims In the context of Labor Courts, the Group encounters recurrent lawsuits, primarily falling in two categories: (i) labor claims by former employees and (ii) labor claims brought forth by former employees of outsourced companies contracted by the Group. These claims commonly center around issues such as the claimant’s placement in a different trade union and payment of overtime. The initial value of these lawsuits is asserted by the former employees at the commencement of the legal proceeding. 14.4. Possible losses, not provided for in the statement of financial position The Group has the following civil, labor and tax litigation involving risks of loss assessed by management as possible, based on the advice of the legal counsel, for which no provision was recognized: 2023 2022 Civil (a) 50,762 178,809 Labor (a) 2,179 238,523 Tax 181,163 140,658 Total 234,104 557,990 (a) Change in methodology (Note 14.2). 14.4.1. Civil lawsuits The Group is a party to several legal actions arising from its ordinary course of business. In this regard, civil lawsuits have been categorized according to the Group’s primary business domains, namely: (i) acquiring, amounting to R$ 9,239 as of December 31, 2023 (2022 - R$ 89,466); (ii) banking, amounting to R$ 672 as of December 31, 2023 (2022 - R$ 73,198); (iii) credit, amounting to R$ 1,481 as of December 31, 2023 (2022 - R$ 6,808) and (iv) software, amounting to R$ 28,412 as of December 31, 2023 (2022 - R$ 5605). For the acquiring business, there is a noteworthy lawsuit filed by a business partner who was responsible for a portion of the acquisition and referral of commercial establishments. The amount considered as a possible loss is R$ 10,706 as of December 31, 2023 (2022 - R$ 10,309). For the software product line, there is significant indemnity lawsuit filed by an indirect supplier, for the utilization of a specific software provided by the partner, amounting to R$ 25,596 as of December 31, 2023 (2022 - R$ nil). 14.4.2. Labor claims The Group frequently receives lawsuits through the labor courts, primarily for two categories: (i) labor claims by former employees and (ii) labor claims by former employees of outsourced companies contracted by the Group (as a secondary obligor). These claims typically concern revolve around matters such as the claimant’s placement in a different trade union and payment of overtime. An initial value of these lawsuits is claimed by the former employees at the beginning of the proceeding. The actual amounts of possible contingencies when disbursed correspond to a fraction of the amount initially requested by the claimants – this lower fraction is calculated based on the Company’s track record of losses, considering similar cases. As the lawsuits progress, the reported risk amount may change, particularly following new court decisions. 14.4.3. Tax litigations The nature of the tax litigations is summarized as follows: An action for annulment of tax debts regarding the tax assessment issued by the State tax authorities alleging that the Group would have leased equipment and data center spaces from January 2014 to December 2015, on the grounds that the operations are analogous to telecommunications services and therefore would be subject to State tax at the rate of 25% plus a fine equivalent to 50% of the updated tax amount for failure to issue ancillary tax obligations. As of December 31, 2023, the updated amount recorded as a probable loss is R$ 27,937 (2022 - R$ 24,715), and the amount of R$ 29,727 (2022 - R$ 28,130) is considered as a possible loss (contingency arising from the acquisition of Linx). During 2002 and 2023, the Group received tax assessments issued by a municipal tax authority related to the allegedly insufficient payment of tax on services rendered. As of December 31, 2023, the updated amount of the claims is R$ 129,141 (2022 - R$ 93,605). The cases, classified as possible losses, are being challenged at the administrative level of the court. 14.5. Judicial deposits For certain contingencies, the Group has made judicial escrow deposits, which are legal reserves required by the Brazilian courts as security for any damages or settlements the Group may be required to pay as a result of litigation. The amount of the judicial deposits as of December 31, 2023 is R$ 22,507 (2022 - R$ 17,682), which are included in Other assets in the non-current assets. |
Equity
Equity | 12 Months Ended |
Dec. 31, 2023 | |
Equity [abstract] | |
Equity | Equity 15.1. Authorized capital On December 31, 2023 and 2022, the Company’s issued capital totaled R$ 76. The Company has an authorized share capital of US Dollar 50 thousand, corresponding to 630,000,000 authorized shares with a par value of US Dollar 0.000079365 each. The Company is authorized to increase capital up to this limit, subject to approval of the Board of Directors. The liability of each member is limited to the amount from time to time unpaid on such member’s shares. 15.2. Subscribed and paid-in capital and capital reserve The Articles of Association provide that at any time when there are Class A common shares issued, Class B common shares may only be issued pursuant to: (a) a share split, subdivision or similar transaction or as contemplated in the Articles of Association; or (b) a business combination involving the issuance of Class B common shares as full or partial consideration. A business combination, as defined in the Articles of Association, would include, amongst other things, a statutory amalgamation, merger, consolidation, arrangement or other reorganization. The additional paid-in capital refers to the difference between the purchase price that the shareholders pay for the shares and their par value. Under Cayman Islands Law, the balance in this account may be applied by the Company to pay distributions or dividends to members, pay up unissued shares to be issued as fully paid, for redemptions and repurchases of own shares, for writing off preliminary expenses, recognized expenses, commissions or for other reasons. All distributions are subject to the Cayman Islands Solvency Test which addresses the Company’s ability to pay debts as they fall due in the natural course of business. The changes in the number of shares during 2023, 2022 and 2021 are summarized below: Number of shares Class A Class B Total At December 31, 2021 266,490,063 46,041,185 312,531,248 Conversions 27,292,415 (27,292,415) — Vested awards (a) 342,351 — 342,351 At December 31, 2022 294,124,829 18,748,770 312,873,599 Vested awards (b) 1,373,921 — 1,373,921 At December 31, 2023 295,498,750 18,748,770 314,247,520 (a) In 2022 the Company delivered 226,691 RSUs, through the issuance of shares. Additionally, 115.66 Class A common shares were issued to our founder shareholders, as anti-dilutive shares. (b) In 2023 the Company delivered1,373,921.00 shares, due to vesting of RSUs. 15.3. Treasury shares Own equity instruments that are reacquired (treasury shares) are recognized at cost and deducted from equity. No gain or loss is recognized in profit or loss on the purchase, sale, issue or cancellation of the Group’s own equity instruments. Any difference between the carrying amount and the consideration, if reissued, is recognized in equity. As of December 31, 2022, there was a reduction in treasury shares mainly due to: (a) the acquisition of Reclame Aqui, in which the company transferred, 1,977,391 class A common shares, previously held in treasury, to some of the selling shareholders; (b) the sale of 974,718 class A common shares shortly after being contributed by the Company as capital increase in Reclame Aqui; (c) delivery of vested awards of 281,359; and (d) other movements of 132,608. On September 21, 2023, the Company's Board of Directors approved a new program under which the Company may repurchase up to R$ 300,000 in outstanding Class A common shares ("New Repurchase Program"). The New Repurchase Program went into effect after the date of the resolution. Following the New Repurchase Program concluded in early November 2023, on November 9, 2023 the R$ 292,745 was used to repurchase shares. As a result, the Company's Board of Directors approved an additional share repurchase program. Under this program, the Company may repurchase up to R$ 1 billion in Class A common shares (“Additional Share Repurchase Program”). As of December 31, 2023 the Company holds 5,311,421 Class A common shares in treasury (December 31, 2022 - 233,772). The main transactions involving treasury shares during the calendar year ended on December 31, 2023 were: (i) sale of 16,641 Class A common shares to Pagar.me, which were used for payment of contingent consideration related to acquisition of Trampolin, which originally occurred in August 2021; (ii) delivery of 824 shares in the context of the transaction completed with Vitta Group in May 2020; (iii) delivery of 132,607 shares to Linx founders shareholders, in accordance with the non-compete agreement signed; (iv) delivery of 375,531 shares due to vesting of RSUs awards (Note 20.4.1); (v) transfer of 130,488 treasury shares due to the anti-dilutive mechanism of the IPO pool signed with the founders of the Company; and (vi) repurchase of 5,733,740 Class A shares for the amount of R$ 292,745. 15.4. Incentive shares In 2017, certain key employees have been granted incentive shares, or the Co-Investment Shares, which entitle participants to receive a cash bonus which they, at their option, may use to purchase a specified number of shares. Incentive Shares are subject to a 10-year lock-up period; after that the shares are free and clear for transfer. If a participant ceases employment for any reason before the end of the 10-year lock-up period, the Company has the right (but not the obligation) to acquire the shares for the price originally paid by the participant less an applicable discount. The incentives shares granted were classified and recognized as equity settled transaction. During 2023 and 2022, there were no repurchases of Class A common shares. The participants of the plan were granted 5,321.769 Incentive Shares. At December 31, 2023, there were still 325,407 shares subjected to the lock-up period (2022 - 488,107). 15.5. Other comprehensive income Other comprhensive income (“OCI”) represents the profit or loss not reported in the statement of profit and loss being separately presented in the financial statements. This includes Company transactions and operations that are not considered realized gains or losses. The table presents the accumulated balance of each category of OCI as of December 31, 2023 and 2022: 2023 2022 Other comprehensive income (loss) that may be reclassified to profit or loss in subsequent periods (net of tax): Exchange differences on translation of foreign operations (41,266) (18,243) Accounts receivable from card issuers at fair value (348,529) (413,398) Unrealized loss on cash flow hedge (197,188) (261,366) Other comprehensive income (loss) that will not be reclassified to profit or loss in subsequent periods (net of tax): Fair value of equity instruments designated at fair value 254,353 252,441 Effects of hyperinflationary accounting 12,181 7,865 Total (320,449) (432,701) |
Earnings (loss) per share
Earnings (loss) per share | 12 Months Ended |
Dec. 31, 2023 | |
Earnings per share [abstract] | |
Earnings (loss) per share | Earnings (loss) per share 16.1 Accounting policy Basic earnings (loss) per share is calculated by dividing net income (loss) for the year attributed to the controlling shareholders by the weighted average number of common shares outstanding during the year. Diluted earnings (loss) per share considers the number of shares outstanding for the purposes of Basic earnings (loss) plus (when dilutive) the number of potentially issuable shares computed following the treasury stock method, as required by IAS 33. All numbers of shares for the purpose of earning per share are the weighted average during each period presented. For share-based transactions, a calculation is done to determine the number of shares that could have been acquired at fair value, considering the difference between (i) the number of shares issuable, reduced by the number of shares that could be purchased at the weighted average quoted market price during the period, with (ii) the proceeds to be obtained (if any) upon issuance of the shares. As per IAS 33, proceeds for share-based compensation instruments must include, as deemed proceeds, the amount to be recognized as compensation expense in profit and loss in future periods for such instruments. The numerator of the Earnings per Share (“EPS”) calculation is adjusted to allocate undistributed earnings as if all earnings for the period had been distributed. 16.2 Numerator of earnings (loss) per share In determining the numerator of basic EPS, earnings attributable to the Group is allocated as follows: 2023 2022 2021 Net income (loss) attributable to controlling shareholders 1,592,065 (519,417) (1,358,813) Numerator of basic EPS 1,592,065 (519,417) (1,358,813) In determining the numerator of diluted EPS, earnings attributable to the Group is allocated as follows: 2023 2022 2021 Numerator of basic EPS 1,592,065 (519,417) (1,358,813) Adjustments for expenses (revenues) related to potential common shares included in the net income attributable to controlling shareholders (a) (79,062) — — Numerator of diluted EPS 1,513,003 (519,417) (1,358,813) (a) Diluted earnings per share are calculated by adjusting the numerator of basic EPS, considering adjustments of potentially convertible instruments related to contingent consideration of acquisitions (Note 24.3). However, due to the loss for the year ended December 31, 2022 and 2021, these instruments have a non-diluting effect, therefore, they were not considered in the total numerator of diluted loss per share. 16.3 Basic and Diluted earnings (loss) per share The following table contains the earnings (loss) per share of the Group for the years ended December 31, 2023, 2022 and 2021 (in thousands except share and per share amounts): 2023 2022 2021 Numerator of basic EPS 1,592,065 (519,417) (1,358,813) Weighted average number of outstanding shares 312,574,647 311,880,008 308,905,398 Weighted average number of contingently issuable shares with conditions satisfied 12,941 — — Denominator of basic EPS 312,587,588 311,880,008 308,905,398 Basic earnings (loss) per share - R$ 5.09 (1.67) (4.40) Numerator of diluted EPS 1,513,003 (519,417) (1,358,813) Denominator of basic EPS 312,587,588 311,880,008 308,905,398 Share-based instruments (a) (Note 16.3.1) 6,679,569 — — Denominator of diluted EPS 319,267,157 311,880,008 308,905,398 Diluted earnings (loss) per share - R$ 4.74 (1.67) (4.40) (a) Including share-based compensation, contingent consideration and non-compete agreement with founders of Linx. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding, considering potentially convertible instruments. However, due to the loss for the years ended December 31, 2022 and 2021, these instruments issued have a non-diluting effect, therefore, they were not considered in the total number of outstanding shares to determine the diluted loss per share. 16.3.1 Detail of potentially issuable common shares for purposes of Diluted EPS For the year ended 2023 the potentially issuable common shares consider the difference between the issuable shares under share-based instruments and the number of shares that potentially be purchased at the weighted average market price of the shares during the period with the amount of future compensation expense of those share-based instruments, as presented as follows: 2023 Shares issuable under share-based payment plans for which performance conditions have already been met 13,578,978 Total weighted average shares that could have been purchased: compensation expense to be recognized in future periods divided by the weighted average market price of Company’s shares (8,944,168) Other total weighted average shares potentially issuable for no additional consideration 2,044,759 Share-based instruments 6,679,569 |
Revenue and income
Revenue and income | 12 Months Ended |
Dec. 31, 2023 | |
Revenue [abstract] | |
Revenue and income | Revenue and income 17.1. Accounting policy 17.1.1. Revenue from contracts with clients Revenue is recognized when the Group has transferred control of the services to the clients, in an amount that reflects the consideration the Group expects to collect in exchange for those services. The Group applies the following five steps: • Identification of the contract with a client; • Identification of the performance obligations in the contract; • Determination of the transaction price; • Allocation of the transaction price to the performance obligations in the contract; and • Recognition of revenue when or as the entity satisfies a performance obligation. Revenue is recognized net of taxes collected from clients, which are subsequently remitted to governmental authorities. The revenue from contracts with clients of the Company is presented as follows. 17.1.1.1. Transaction activities and other services For financial solution, the Group’s core performance obligations are to provide electronic payment processing services including the capture, transmission, processing and settlement of transactions carried out using credit, debit and voucher cards, as well as fees for other services. The Group’s promise to its clients is to perform an unknown or unspecified quantity of tasks and the consideration received is contingent upon the clients’ use (e.g., number of payment transactions processed). Therefore, the total consideration received for services provided to the client is variable despite the price for each transaction being specified by contract. The Group recognize the transaction fee at a point in time considering the contractual right to bill its clients for each processed transaction. Revenue from transaction activities is recognized net of interchange fees retained by card issuers and assessment fees paid to payment scheme networks. The Group does not bear the significant risks and rewards, being an agent in those services as follows: • The Group facilitates the acquisition of payment information and management of the client relationship, it is not primarily responsible for the authorization, processing and settlement services performed by payment schemes networks and card issuers; • The Group has no latitude to establish the assessment and interchange fees applied to card issuers and payment scheme networks. The Group generally has the right to increase its merchant discount rate to protect its net commission when interchange and assessment fees are increased by payment schemes networks; • The Group does not collect the interchange fee that is retained by the card issuer and effectively acts as a clearing house in collecting and remitting assessment fees and payment settlements on behalf of payment scheme networks and clients; and • The Group does not bear the credit risk of the cardholder (i.e., the client’s customer). It does bear credit risk from the card issuer for the payment settlement and assessment fees. Card issuers are qualified by the payment scheme networks. Receivables can be considered to be collateralized by the cardholder’s invoice settlement proceeds. As such, the Group’s exposure to credit risk is generally low. Other services mainly comprises: • Membership fee from customers is charged at one time for specific products for which there is not a recurring fee charged for the use of Pin Pads & POS. Revenue is recognized at agreement inception when all risks and benefits of the transaction are transferred to the customer and the Company obtains the contractual rights related to fee; • Fees charged to customers for services relate to banking money-in volumes (transfers received under TED, Pix and “boleto” products and interchange represented by fees of transactions from other networks processed on credit and debit card issued by the Company), and money-out volumes (transfers made under products as Pix Out, wire transfers, bill payments, boletos paid, withdrawals, recharge and other transactions). The revenue is recognized at each transactions date. 17.1.1.2. Subscription services and Equipment rental For software solution and equipment rental the Group’s core performance obligations are to provide: (a) recurring subscription services, such as reconciliation, business automatization solutions, services to provide the client with the right of use of software in a cloud-based, where the client has no right to end the contract and become the owner of the software, and revenues related to technological support, help desk, equipment rental and software hosting services; (b) non-recurring services, such as implementation services, personalization, training, and other services; and (c) operating leases of electronic capture equipment to clients. The Group has concluded that it is the principal for purposes of its revenue arrangements, because it controls the services before transferring them to the client. The Group’s subscription services generally consist of services sold as part of a new or existing agreement or sold as a separate service. The Group’s subscription services may or may not be considered distinct based on the nature of the services being provided. Subscription service fees are charged as a fixed monthly fee, and the related revenue is recognized over time, either as the subscription services are performed or as the services from a combined performance obligation are transferred to the client (over the term of the related transaction and processing agreement). The Group accounts for equipment rental as a separate performance obligation and recognizes the revenue at its standalone selling price, considering that rental is charged as a fixed monthly fee. Revenue is recognized on a straight-line basis over the contractual lease term, beginning when the client obtains control of the equipment lease. The Group does not manufacture equipment, but purchases equipment from third-party vendors. 17.1.1.3. Contracts with multiple performance obligations The Group’s contracts with its clients can consist of multiple performance obligations and the Group accounts for individual performance obligations separately if they are distinct (e.g., setup services and subscription fees in the same contract). When equipment or services are bundled in an agreement with a client, the components are separated using the relative stand-alone selling price of the components which is based on the Group’s customary pricing for each element in separate transactions. 17.1.1.4. Costs to obtain and fulfill a contract The Group incurs certain costs to obtain and fulfill a contract that are capitalized at the inception of the transaction for new customer contracts, for recurring customers these costs are not capitalized. The cost comprises mainly commissions to sellers in order to obtain a contract and logistic costs to fulfill a contract. The asset recognized is amortized on a straight-line basis over the expected life of merchants. As of December 31, 2023, the Group had a carrying amount of R$ R$ 190,239 (2022 – R$ 199,920) recognized under Other assets and R$ R$ 110,035 (2022 – R$ R$97,982 and 2021 – 101,008) as amortization recognized in the statement of profit or loss. 17.1.2. Financial income Comprised mainly of: • discount fees charged for the prepayment to clients of their installment receivables from us. The discount is measured by the difference between the original amount payable to the client, net of commissions and fees charged, and the prepaid amount. Revenue is recognized in full when the amount is prepaid to the client; • interest income over floating account balances; and • interest income on loans. A loans is considered in default if there is any indication that it will not be fully honored even if the loan is not in arrears. Loans classified as Stage 1 or 2 have interest income recognized by applying the EIR to the gross carrying amount of the asset. Once loans are classified as Stage 3, differently from Stage 1 or 2, interest income is recognized by applying the EIR to the amortized cost balance (net of the corresponding allowance for expected credit losses) rather than to the gross carrying amount. If a loan impaired is subsequently cured, it is transferred from Stage 3, back to Stage 2 or Stage 1, or to stage 1, previously unrecognized interest is recognized in profit or loss. 17.1.3. Other financial income Comprises interest income and fair value gains (losses) of cash and cash equivalents and short-term investments. 17.1.4. Deferred revenue The Group records deferred revenue related to hours contracted by clients for rendering of services. Revenue is recognized after provision of service. If billed amounts exceed services rendered plus recognized revenue, the difference is recorded in the statement of financial position as deferred revenue and presented in the statement of financial position as deferred revenue under “Other liabilities.” The Group records deferred revenue for services paid by the clients but which have not yet been completed under the contract which are recognized in the statement of financial position as deferred revenue under “Other liabilities”. The amount recognized as deferred revenue in the statement of financial position is recycled to the statement of profit or loss once the promised services are executed. 17.1.5. Sales taxes Revenues, expenses and assets are recognized net of sales tax, except; • When the sales taxes incurred on the purchase of goods or services are not recoverable from tax authorities, they are recognized as part of the cost of acquiring the asset or expense item, as applicable; • When the amounts receivable or payable are stated with the amount of sales taxes included. The net amount of sales taxes, recoverable or payable to the tax authority, is included as part of receivables or payables in the statement of financial position, and net of corresponding revenue or cost / expense, in the statement of profit or loss. Sales revenues in Brazil are subject to taxes and contributions, at the following statutory rates: Rate Transaction activities and other services Subscription services and equipment rental Financial income Contribution on gross revenue for social integration program (“PIS”) (a) 0.65% - 1.65% 0.65% - 1.65% 0.65% Contribution on gross revenue for social security financing (“COFINS”) (a) 3.00% - 7.60% 3.00% - 7.60% 4.00% Taxes on service (“ISS”) (b) 2.00% - 5.00% 2.00% - 5.00%, — Social security levied on gross revenue (“INSS”) (c) 4.50% — — (a) PIS and COFINS are contributions levied by the Brazilian Federal government on gross revenues. These amounts are invoiced to and collected from the Group’s customers and recognized as deductions to gross revenue (Note 17.3) against tax liabilities, the Company acts as the tax withholding agents on behalf of the tax authorities. PIS and COFINS paid on certain purchases may be claimed back as tax credits to offset PIS and COFINS payable. These amounts are recognized as Recoverable taxes (Note 8) and are offset on a monthly basis against Taxes payable (Note 12) and presented net, as the amounts are due to the same tax authority. (b) ISS is a tax levied by municipalities on revenues from the provision of services. ISS tax is added to amounts invoiced to the Group’s customers for the services the Group renders. These are recognized as deductions to gross revenue (Note 17.3 ) against tax liabilities, as the Company acts as agent collecting these taxes on behalf of municipal governments. The rates may vary from 2.00% to 5.00%. The ISS stated in the table is applicable to the city of São Paulo and refers to the rate most commonly levied on the Group’s operations. (c) INSS is a social security charge usually levied on employees' wages. Companies in some economic sectors can calculate INSS based on their revenues. The subsidiaries Linx Sistemas, Equals, Hiper, Buy4, Vitta Tecnologia em Saúde S.A. and Questor have this option to pay INSS at a rate of 4.50% on gross revenue when this is a more favorable basis compared to social security tax on payroll regime. 17.2. Significant judgments, estimates and assumptions 17.2.1. Expected life of merchants The Company estimates the expected life of two different classes of merchants in order to recognize equipment rental revenue on a straight-line basis and as a fixed monthly fee, as well as recognize the amortization of the costs of obtaining and fulfilling contracts with these merchants. The estimate is revised annually, and is related to the average time expected for the merchants to process transactions with the Group, over the customers' life cycles. 17.3. Timing of revenue recognition Net revenue from transaction activities and other services and discount fees charged for the prepayment are recognized at a point in time. All other revenue and income are recognized over time. |
Expenses by nature
Expenses by nature | 12 Months Ended |
Dec. 31, 2023 | |
Expenses by nature [abstract] | |
Expenses by nature | Expenses by nature 2023 2022 2021 Personnel expenses (Note 20.3) 2,731,089 2,508,567 1,489,245 Transaction and client services costs (a) 1,279,366 1,069,082 810,219 Depreciation and amortization (Note 10.4) 878,181 800,326 507,369 Marketing expenses and sales commissions (b) 772,910 632,137 420,818 Third party services 261,281 332,081 305,517 Mark-to-market on equity securities designated at FVPL (Note 6.3 (b) ) (30,574) 853,056 1,264,213 Other 188,288 262,658 192,439 Total 6,080,541 6,457,907 4,989,820 (a) Transaction and client services costs include card transaction capturing services, card transaction and settlement processing services, logistics costs, payment scheme fees, cloud services and other costs. (b) |
Financial expenses, net
Financial expenses, net | 12 Months Ended |
Dec. 31, 2023 | |
Analysis of income and expense [abstract] | |
Financial expenses, net | Financial expenses, net 2023 2022 2021 Finance cost of sale of receivables (Note 22.4) 3,195,130 2,463,298 690,344 Bonds (Note 6.8.2 e 6.9.1) 402,231 385,681 118,560 Other interest on borrowings and financing (Note 6.8.2) 293,210 548,009 381,916 Foreign exchange (gains) and losses (13,580) (3,958) (4,368) Other 122,474 121,709 82,606 Total 3,999,465 3,514,739 1,269,058 |
Employee benefits
Employee benefits | 12 Months Ended |
Dec. 31, 2023 | |
Classes of employee benefits expense [abstract] | |
Employee benefits | Employee benefits The Group offers a combination of fixed and variable compensation, each part of the mix defined based on the nature, scope and seniority of the different job positions, aligned to market practices. Fixed compensation is payable in cash while variable compensation is paid in cash and/or by granting share-based instruments (as described below). Whereas the variable compensation for sales and operations teams is paid monthly or quarterly in cash, other teams are paid on an annual basis, which consists of a combination of cash payments (“cash bonus”) and share-based instruments with a four-year vesting schedule (“equity bonus”). The Group may also grant incentives as part of a hiring package to attract specific talent to the senior management team. The Group have occasionally granted share-based instruments on an individual or collective basis to reward extraordinary performance (Special Recognition Equity Awards). Such special recognition equity awards are not part of the goals-based variable compensation but rather are granted unilaterally by the Company and have a vesting schedule and /or performance conditions defined on an ad-hoc basis. The annual “equity bonus,” hiring bonus and special recognition equity awards are part of the Long-Term Incentive Plan (¨LTIP¨) that enables the grant of share-based instruments to employees and other service providers with respect to the Class A common shares. 20.1. Accounting policy 20.1.1. Short-term obligations Liabilities in connection with short-term employee benefits are measured on a non-discounted basis and are expensed as the related service is provided. The liability is recognized for the expected amount to be paid under the plans of cash bonus or short-term profit sharing if the Group has a legal or constructive obligation of paying this amount due to past service provided by employees and the obligation may be reliably estimated. 20.1.2. Share-based payment The Group has equity settled share-based payment instruments, under which management grants shares to employees and non-employees depending on the strategy described above. The cost of equity-settled transactions with employees is measured using their fair value at the date they are granted. The cost is expensed together with a corresponding increase in equity over the service period when the performance conditions are fulfilled (the vesting period). The cumulative expense recognized for equity-settled transactions at each reporting date up to the vesting date reflects the extent to which the vesting period has elapsed and the Group’s best estimate of the number of equity instruments that will ultimately vest. The expense or credit in the statement of profit or loss for a period represents the movement in cumulative expense recognized as at the beginning and end of that period. Service and non-market performance conditions are not taken into account when determining the grant date fair value of the instruments, but the likelihood of the conditions being met is assessed as part of the Group’s best estimate of the number of equity instruments that will ultimately vest. Market performance conditions are reflected within the grant date fair value. Any other conditions attached to an instrument, but without an associated service requirement, are considered to be non-vesting conditions. The dilutive effect of outstanding share-based instruments is reflected as additional share dilution in the computation of diluted earnings per share (Note 16). 20.1.3. Profit-sharing and bonus plans The Group recognizes a liability and an expense for bonuses and profit-sharing. Bonus and profit-sharing payable in cash for each individual is determined based on the following factors: adjusted net income, corporate goals, department goals and individual performance assessment. The Group recognizes a provision where contractually obliged or where there is a past practice that has created a constructive obligation. 20.2. Significant judgments, estimates and assumptions 20.2.1. Share-based payment Estimating fair value for share-based instruments requires determination of the most appropriate valuation model and underlying assumptions, which depends on the terms and conditions of the grant and the information available at the grant date. The Group uses the following methodologies to estimate fair value: • estimation of fair value based on equity transactions with third parties close to the grant date; and • other valuation techniques including option pricing models such as Black-Scholes. These estimates also require determination of the most appropriate inputs to the valuation models including assumptions regarding the expected life of a share option or appreciation right, expected volatility of the price of the Group’s shares and expected dividend yield. 20.3. Employee benefits expenses 2023 2022 2021 Wages and salaries 1,923,480 1,727,760 1,055,959 Social security costs 335,081 353,789 258,488 Profit-sharing and annual cash bonus 221,289 213,942 61,629 Share-based payments 251,239 213,076 113,169 2,731,089 2,508,567 1,489,245 20.4. Share-based payment plans As detailed further below the Group has primarily two types of share-based instruments: Restricted Share Units (¨RSU¨) and Performance Share Units (¨PSU¨). The Group goal-based annual equity bonus is granted entirely through RSUs for approximately 1,300 employees (circa. 8.5% of total employees). The special recognition equity awards are usually granted through a combination of RSUs and PSUs and about 200 employees (circa. 1.3% of total employees) currently have instruments outstanding. While the majority of RSUs vesting is conditional only to a time condition, a small part vests also depending on certain Company level performance goals. Whereas all PSUs vestings are conditional to market conditions, namely Total Shareholder Return measured based on the quoted market price of the shares of StoneCo at the vesting date. As of December 31, 2023 there are no instruments currently exercisable. The table below outlines the different type of instruments outstanding and changes for the years ended as of December 31, 2023, 2022 and 2021. Equity RSU PSU Options Total Number of shares Balance as of December 31, 2021 6,585,148 4,070,000 32,502 10,687,650 Granted 6,171,570 4,606,897 12,657 10,791,124 Issued (700,092) — — (700,092) Cancelled (549,405) (1,356,530) — (1,905,935) Balance as of December 31, 2022 11,507,221 7,320,367 45,159 18,872,747 Granted 5,293,655 1,141,273 — 6,434,928 Issued (2,149,169) — — (2,149,169) Cancelled (2,222,150) (156,592) — (2,378,742) Balance as of December 31, 2023 12,429,557 8,305,048 45,159 20,779,764 20.4.1. Restricted share units ("RSU") RSUs have been granted to certain key employees under the LTIP to incentivize and reward such individuals. These awards are equity-classified for accounting purposes and may be granted as part of the annual equity bonus and also as special recognition equity awards (Note 20.4),with a weighted average vesting period of 2.9 years, subject to and conditioned upon the achievement of certain targets which are generally solely service conditions. Assuming these conditions are met, awards are settled through Class A common shares. If the applicable conditions are not achieved, the awards are forfeited for no consideration. Information on the restricted shares is summarized below (amounts in R$): RSU Granted year Vesting period Weighted average fair value (a) Weighted average remaining expected life (years) Number of Outstanding Awards 2018 (b) From 4 to 10 years of service R$ 88.80 2.0 1,507,070 2019 From 5 to 10 years of service R$ 136.08 1.4 12,997 2020 From 5 to 10 years of service R$ 163.18 4.1 180,012 2021 From 1 to 10 years of service R$ 348.49 4.9 1,153,100 2022 From 1 to 10 years of service R$ 49.56 2.3 5,659,123 2023 From 1 to 9 years of service R$ 52.22 2.8 3,917,255 12,429,557 (a) Determined based on the fair value of the equity instruments granted and the exchange rate, both at the grant date. (b) All performance conditions related with this grant were already satisfied. 20.4.2. Performance share units ("PSU") PSUs are equity classified for accounting purposes and the vast majority have been granted as part of special recognition equity awards (Note 20.4), with a weighted average vesting period of 2.7 years. PSU grants beneficiaries the right to receive shares if the Group reaches minimum levels of total shareholder return (“TSR”) for a specific period. If the minimum performance condition is not met the PSUs will not be delivered. The fair value of the instruments is estimated at the grant date using the Black-Scholes-Merton pricing model, considering the terms and conditions on which the PSUs were granted, and the related expense is recognized over the vesting period. The performance condition is considered for estimating the grant-date fair value and of the number of PSUs expected to be issued, based on historical data and current expectations and is not necessarily indicative of performance patterns that may occur. The expected volatility reflects the assumption that the historical volatility over a period similar to the life of the PSUs is indicative of future trends, which may not necessarily be the actual outcome. The main two inputs to the model were: Risk–free interest rate and annual volatility, based on the historical stock price of the Company and relevant peers. To estimate the number of awards that are considered vested for accounting purposes the calculation considers exclusively whether the service condition is met but TSR target attainment is ignored. If TSR targets are ultimately not achieved the expense will be recognized and not reversed for those PSUs for which the service condition was met. Information on the performance shares is as follows (amounts in R$); PSU Granted year Vesting conditions Weighted average fair value Volatility Risk-free rate Weighted average remaining expected life (years) Number of Outstanding Awards 2021 5 years of service and achievement of a specified TSR R$ 26.74 71.8% 0.82% 2.4 2,849,000 2022 From 2 to 5 years of service and achievement of a specified TSR R$ 2.71 76.5% to 83.3% 2.18%to 4.34% 2.7 4,602,578 2023 From 1.4 to 5.3 years of service and achievement of a specified TSR R$ 4.06 73.8% to 83.4% 3.95% to 5.60% 2.9 853,470 8,305,048 20.4.3. Options The Group has granted awards as stock options with an exercise date between three and ten years and a fair value estimated at the grant date based on the Black-Scholes-Merton pricing model. Information on the stock options is summarized as follows (amounts in R$ and in USD): Options Granted year Vesting period Weighted average fair value Volatility Remaining expected life (years) Exercisable at year end Exercise price Number of Outstanding Awards 2018 From 5 to 10 years of service R$ 59.59 50.00 % 0.5 to 5.5 12,657 USD 24.00 39,999 2019 From 3 to 5 years of service R$ 81.71 69.80 % 1.5 1,935 USD 30.00 5,160 45,159 20.4.4. Share-based payment expenses The total expense, including taxes and social charges, recognized as Other income (expenses), net for the programs was R$ 251,239 (2022 - R$ 213,076 and 2021 - R$ 113,169). 20.5. Labor and social security liabilities 2023 2022 Accrued annual payments and related social charges 435,915 398,891 Labor liabilities and related social charges 114,135 105,550 Total labor and social security liabilities 550,050 504,441 Current 515,749 468,599 Non-current 34,301 35,842 |
Transactions with non-controlli
Transactions with non-controlling interests | 12 Months Ended |
Dec. 31, 2023 | |
Non Controlling Interests [abstract] | |
Transactions with non-controlling interests | Transactions with non-controlling interests The main transactions of non-controlling interests with the controlling shareholders were: Changes in non-controlling interest Capital contributions (deductions) by non-controlling interests Transfers to (from) non-controlling interests Changes in equity attributable to controlling shareholders Consideration paid or payable to non-controlling interests Transactions between subsidiaries and shareholders: Issuance of shares for purchased noncontrolling interests (a) (230,500) (77,911) 308,411 230,500 Capital contribution to subsidiary 893 — — — Sale of subsidiary (b) — (1,220) — (1,220) Non-controlling interests arising on a business combination (c) — 50,252 — — For the year ended December 31, 2021 (229,607) (28,879) 308,411 229,280 Transactions between subsidiaries and shareholders: Transaction costs from subsidiaries (60) — — — Equity transaction with non-controlling interests (d) — (20,928) — 2,829 Non-controlling interests arising on a business combination (e) — 3,849 — — For the year ended December 31, 2022 (60) (17,079) — 2,829 Transactions between subsidiaries and shareholders: Equity transaction with non-controlling interests — 49 — — Equity transaction related to put options over non-controlling interest — (3,904) — — For the year ended December 31, 2023 — (3,855) — — (a) On January 28, 2021, the Group acquired all the non-controlling interest in PDCA held by Bellver Fundo de Investimento Multimercado Crédito Privado Investimento no Exterior (“Bellver”). The transaction executed through a purchase and sale of shares, where Bellver agreed to acquire 1,313,066 STNE Participações S.A. shares paid part in cash in the amount of R$230,500 and part by the delivering of their PDCA shares. The number of STNE Participações S.A. shares delivered to Bellver was based on STNE Participações S.A. volume-weighted average trading price of the 30 days preceding the signing of a memorandum of understanding (“MOU”) between the parties on December 8th, 2020. (b) On June 28, 2021, the Group sold all of the 4,205,115 Linked Gourmet Soluções para Restaurante S.A. (“Linked Gourmet”) shares held by it, representing 58.10% of the total and voting capital, for the total price of R$1, thus withdrawing from Linked Gourmet’s shareholder group. The amount of R$1,219 refers to the 41.9% held by non-controlling shareholders. (c) Arising from the business combination among the Group and: SimplesVet – R$12,424, VHSYS – R$19,858, Questor – R$8,233, Sponte – R$1,765, Creditinfo Caribbean - R$5,505 and MLabs – R$2,465. (d) On October 18, 2022, the Group lost control of its subsidiary StoneCo CI following a capital contribution by a new investor. The remaining interest of 47.75% held by the Group on StoneCo CI is classified as an investment in an associate according to IAS 28. As result of the loss of control, in accordance with IFRS 10, the Group derecognized the assets and liabilities of StoneCo CI. The amount of R$20,928 refers to shares held by non-controlling shareholders. On September 20, 2022, STNE Par fully acquired the non-controlling interest held by Sponte. The amount of R$2,829 refers to shares held by non-controlling shareholders. (e) Arising from the business combination Reclame Aqui and Hubcount. |
Other disclosures on cash flows
Other disclosures on cash flows | 12 Months Ended |
Dec. 31, 2023 | |
Other disclosures on cash flows [abstract] | |
Other disclosures on cash flows | Other disclosures on cash flows 22.1. Non-cash operating activities 2023 2022 2021 Fair value adjustment on loans designated at FVPL (127,137) (326,491) (1,306,205) Fair value adjustment on equity securities designated at FVPL (Note 6.3 (b) ). 30,574 (853,056) (1,264,213) Fair value adjustment in financial instruments designated at FVPL (96,563) (1,179,547) (2,570,418) Changes in the fair value of accounts receivable from card issuers (98,283) 253,181 303,156 Fair value adjustment on equity instruments/listed securities designated at FVOCI 1,912 (6,971) 216,465 22.2. Non-cash investing activities 2023 2022 2021 Property and equipment and intangible assets acquired through lease (Note 10.3 and 11.3) 67,417 63,910 92,802 22.3. Non-cash financing activities 2023 2022 2021 Unpaid consideration for acquisition of non-controlling shares 725 1,498 1,823 Settlement of loans with private entities — — 748,297 Shares of the Company delivered at Reclame Aqui acquisition — 169,864 — 22.4. Interest income received, net of costs 2023 2022 2021 Interest income received on accounts payable to clients 5,962,063 4,521,948 2,269,214 Finance cost of sale of receivables on accounts receivable from card issuers (Note 19) (3,195,130) (2,463,298) (690,344) Interest income received, net of costs 2,766,933 2,058,650 1,578,870 22.5. Property and equipment, and intangible assets 2023 2022 2021 Additions of property and equipment (Note 10.3) (656,876) (692,206) (1,086,113) Additions of right of use (IFRS 16) (Note 10.3) 33,254 47,182 87,176 Payments from previous year (176,835) (51,614) (33,353) Purchases unpaid at year end 65,348 176,835 51,614 Prepaid purchases of POS (1,135) 102,070 (102,314) Purchases of property and equipment (736,244) (417,733) (1,082,990) Additions of intangible assets (Note 11.3) (515,740) (288,004) (264,646) Additions of right of use (IFRS 16) (Note 11.3) 34,163 16,728 5,626 Payments from previous year (6,593) (41,898) — Purchases unpaid at year end 14,117 6,593 41,898 Capitalization of borrowing costs — 1,069 592 Issuance of shares for acquisition of assets — — 849 Purchases and development of intangible assets (474,053) (305,512) (215,681) Net book value of disposed assets (Notes 10.3 and 11.3) 96,664 202,519 161,902 Net book value of disposed Leases (21,225) (52,164) (14,474) Loss on disposal of property and equipment and intangible assets (66,200) (25,347) (136,104) Disposal of Creditinfo property, equipment and intangible assets, including goodwill — (61,316) — Disposal of Linked's property, equipment and intangible assets, including goodwill — — (11,224) Disposal of Cappta property, equipment and intangible assets 1,767 — — Outstanding balance (10,470) (36,684) — Proceeds from disposal of property and equipment and intangible assets 536 27,008 100 |
Business combinations
Business combinations | 12 Months Ended |
Dec. 31, 2023 | |
Combinations of Business [Abstract] | |
Business combinations | Business combinations 23.1. Accounting policy Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, including assets given, equity instruments issued, and liabilities incurred or assumed at the date of exchange, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Group elects whether to measure non-controlling interests in the acquiree at fair value or on the basis of its proportionate share in the identifiable net assets of the acquiree. Costs directly attributable to the acquisition are expensed as incurred. The assets acquired and liabilities assumed are measured at fair value, classified, and allocated according to the contractual terms, economic circumstances, and relevant conditions as at the acquisition date. The Group identifies and measures the assets acquired and liabilities assumed by the value obtained in preliminary assessments at the acquisition date. The Group has up to 12 months after each of the acquisitions to conclude the assessment and frequently values the assets acquired and liabilities assumed with the assistance of independent specialists. When the valuation is finalized, the Company recognizes the difference between the preliminary amounts and the final amounts related to the acquisition on its statement of financial position and statement of profit or loss, as appropriated. Subsequent to the initial recognition of property and equipment and intangible assets identified, the Company records the depreciation and amortization over the useful lives defined at the initial recognition based on the preliminary assessments until the final assessments are available. Contingent liabilities recognized as of acquisition date are measured at fair value. Subsequently, until the liability is settled, cancelled or expires, they are recognized at the higher of the amount initially recognized or the amount that would be recognized under IAS 37. Any contingent consideration to be transferred by the acquirer is recognized at fair value on acquisition date. Subsequent changes in the fair value of the contingent consideration treated as an asset or liability is recognized in profit or loss. In order to evaluate the contingent consideration, the Group considers different probabilities of scenarios and discounted future contractual cash flows at the interest rates available in the market for similar financial instruments. Goodwill is measured as the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests and any previous interest held over the fair value of net assets acquired. If the fair value of net assets acquired is in excess of the aggregate consideration transferred, the Group re-assesses whether it has correctly identified all assets acquired and all liabilities assumed and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss. After initial recognition, goodwill is measured at cost less than any accumulated impairment losses. Goodwill indefinite useful life intangible assets recognized under business combination are tested for impairment at least annually at December 31 or whenever there is an indication that it may be impaired (Note 11.4). 23.2. Significant judgments, estimates and assumptions The process of accounting a business combination includes the use of (i) valuation techniques to determine the amounts of intangible assets identified, (ii) estimates to determine its useful life, and (iii) valuation techniques to estimate the contingent consideration included in the total consideration paid to acquire the companies. 23.3. Acquisitions in 2022 – assessments concluded in 2023 In 2022, the Group, through its subsidiary Questor acquired control of Hubcount. The acquisition of this company was measured in 2022 based on preliminary assessments and included in the December 31, 2022 consolidated financial statements. The assessments were completed in the first quarter of 2023. The effects of the differences between the preliminary assessments (as originally recognized on December 31, 2022) and the final assessments are presented below. 23.3.1. Financial position of the businesses acquired The net assets acquired, at fair value, on the date of the business combination, and the goodwill amount originated in the transaction considering the preliminary and the final assessments are presented below. 23.3.1.1. Hubcount Fair value Preliminary amounts Adjustments Final amounts Cash and cash equivalents 36 — 36 Trade accounts receivable 235 — 235 Recoverable taxes 42 — 42 Property and equipment 205 — 205 Intangible assets - Customer relationship (a) — 1,940 1,940 Intangible assets - Software (a) — 2,104 2,104 Other assets 460 — 460 Total assets 978 4,044 5,022 Trade accounts payable 79 — 79 Labor and social security liabilities 313 — 313 Taxes payable 41 — 41 Deferred tax liabilities — 1,375 1,375 Other liabilities 87 — 87 Total liabilities 520 1,375 1,895 Net assets and liabilities (b) 458 2,669 3,127 Consideration paid (Note 23.3.3) 10,615 509 11,124 Goodwill 10,157 (2,160) 7,997 (a) The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship, and software as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 23.3.2. (b) The net assets recognized in the December 31, 2022 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by Hubcount. The valuation had not been completed by the date the 2022 financial statements were approved for issue by the Board of Directors. In the first quarter of 2023, the valuation was completed. 23.3.2. Intangible assets recognized from business combinations The assumptions used in the measurement of fair value of intangible assets identified in the business combination are as below. 23.3.2.1. Customer relationship Hubcount Amount 1,940 Method of evaluation MEEM (*) Estimated useful life (a) 7 years, 2 months Discount rate (b) 15.3% Source of information Acquirer’s management internal projections (*) Multi-Period Excess Earnings Method (“MEEM”) (a) Useful lives were estimated based on internal benchmarks. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 23.3.2.2. Software Hubcount Amount 2,104 Method of evaluation Relief from royalties Estimated useful life (a) 5 years Discount rate (b) 15.3% Source of information Historical data (a) Useful lives were estimated based on internal benchmarks. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 23.3.3. Consideration paid The consideration paid on business combination comprises the following values, if any: (i) consideration transferred, (ii) non-controlling interest in the acquiree and (iii) fair value of the acquirer’s previously held equity interest in the acquiree. The consideration paid in the preliminary and the final assessments is presented as follows. 23.3.3.1. Hubcount Preliminary amounts Adjustments Final amounts Cash consideration paid to the selling shareholders 7,500 — 7,500 Cash consideration to be paid to the selling shareholders 3,000 (341) 2,659 Call option — (1,534) (1,534) Non-controlling interest in the acquiree 115 667 782 Contingent consideration (a) — 1,717 1,717 Total 10,615 509 11,124 (a) Refers to contingent consideration that may be paid in 2024, based on predetermined formulae which consider mainly the net revenue of Hubcount for 2023. |
Segment information
Segment information | 12 Months Ended |
Dec. 31, 2023 | |
Operating Segments [Abstract] | |
Segment information | Segment information 24.1. Accounting policy In line with the strategy and organizational structure of the Group, two reportable segments, “Financial Services” and “Software” and certain non-allocated activities, are presented: • Financial services: Comprised of the financial services solutions which includes mainly payments solutions, digital banking, credit, insurance solutions as well as the registry business. • Software: Comprised of two main activities (i) Core, which is comprised by POS/ERP solutions, TEF and QR Code gateways, reconciliation and CRM, and (ii) Digital, which includes OMS, e-commerce platforms, engagement tools, ads solutions and marketplace hubs. • Non allocated activities: Comprised of non-strategic businesses, including results on disposal / discontinuation of non-core businesses. The Group used and continues to use Adjusted net income (loss) as the measure reported to the Chief Operating Decision Maker (“CODM”) about the performance of each segment. The measurement of Adjusted net income (loss) from January 1, 2023 no longer excludes share-based compensation expenses in the segmented statement of profit or loss. Also, from April 1, 2022 it no longer excludes bond issuance expenses in the segmented statement of profit or loss. Hence, the statement of profit or loss as from January 1, 2023 include the share-based and bond issuance expenses in the segmented Statement of Profit or Loss. Information of prior periods have been retroactively adjusted to reflect the new criteria as presented below. The effect in Adjusted net income (loss) of no longer excluding share-based compensation expenses from January 1, 2023 to December 31, 2023 amounts to R$ 31,487. 24.2. Segmented Statement of Profit or Loss 2023 Financial Services Software Non allocated Total revenue and income 10,495,422 1,492,206 67,375 Cost of services (2,309,021) (670,878) (2,859) Administrative expenses (729,204) (290,494) (32,676) Selling expenses (1,373,202) (304,448) (20,626) Financial expenses, net (3,902,800) (50,383) (930) Other income (expenses), net (383,150) (25,652) (481) Total adjusted expenses (8,697,377) (1,341,855) (57,572) Loss on investment in associates (4,608) 446 (17) Adjusted profit before income taxes 1,793,437 150,797 9,786 Income taxes and social contributions (356,803) (36,953) (2,768) Adjusted net income for the year 1,436,634 113,844 7,018 2022 Financial Services Software Non allocated Total revenue and income 8,083,548 1,419,841 85,555 Cost of services (1,987,522) (670,154) (12,076) Administrative expenses (640,772) (314,267) (39,666) Selling expenses (1,245,266) (245,071) (20,903) Financial expenses, net (3,426,148) (56,176) (1,067) Other income (expenses), net (296,785) (18,267) (24,659) Total adjusted expenses (7,596,493) (1,303,935) (98,371) Loss on investment in associates (409) (1,355) (1,825) Adjusted profit (loss) before income taxes 486,646 114,551 (14,641) Income taxes and social contributions (124,857) (49,811) (1,352) Adjusted net income (loss) for the year 361,789 64,740 (15,993) Additional information: Share-based compensation, net of tax 112,772 2,124 101 Bond expenses 80,559 — — Previously reported adjusted net income (loss) for the year (as reported in the year) 555,120 66,864 (15,892) 2021 Financial Services Software Non allocated Total revenue and income 4,090,995 686,267 46,499 Cost of services (1,328,281) (370,854) (14,693) Administrative expenses (439,683) (180,819) (24,314) Selling expenses (887,009) (114,591) (10,944) Financial expenses, net (1,209,830) (36,936) (58) Other income (expenses), net (171,185) (10,016) (3,878) Total adjusted expenses (4,035,988) (713,216) (53,887) Loss on investment in associates (941) (48) (9,448) Adjusted profit (loss) before income taxes 54,066 (26,997) (16,836) Income taxes and social contributions 39,413 (7,061) (2,557) Adjusted net income (loss) for the year 93,479 (34,058) (19,393) Additional information: Share-based compensation, net of tax 44,691 12 — Bond expenses 118,560 — — Previously reported adjusted net income (loss) for the year (as reported in the year) 256,730 (34,046) (19,393) 24.3. Reconciliation of segment adjusted net income (loss) for the year with net income (loss) in the consolidated financial statements 2023 2022 2021 Adjusted net income – Financial Services 1,436,634 361,789 93,479 Adjusted net income (loss) – Software 113,844 64,740 (34,058) Adjusted net income (loss) – Non allocated 7,018 (15,993) (19,393) Segment adjusted net income 1,557,496 410,536 40,028 Adjustments from adjusted net income to consolidated net income (loss) Mark-to-market from the investment in Banco Inter 30,574 (853,056) (1,264,213) Amortization of fair value adjustment (a) (92,399) (138,601) (89,100) Gain on previously held interest in associate — — 15,848 Other expenses (b) 78,623 17,810 (118,323) Tax effect on adjustments 26,126 36,915 38,412 Consolidated net income (loss) 1,600,420 (526,396) (1,377,348) (a) Related to acquisitions. Consists of expenses resulting from the changes in the fair value adjustments as a result of the application of the acquisition method. (b) Consists of the fair value adjustment related to associates call option, M&A and, earn-out interests related to acquisitions, loss of control of subsidiaries and reversal of litigation of Linx. As mentioned above, Bond issuance expenses was part of the criteria from adjusted net income used up to December 31, 2022, The effect in Adjusted net income of no longer excluding Bond issuance expenses from January 1, 2022 to December 31, 2022 amounts to R$ 80,559 (2021 - R$ 118,560). |
Subsequent events
Subsequent events | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of non-adjusting events after reporting period [abstract] | |
Subsequent events | 25. Subsequent events Sociedade de Crédito, Financiamento e Investimento (“SCFI”) On January 5, 2024, the Group received from BACEN a license to operate a financial services company (“Financeira”) under the legal format of a Stone Sociedade de Crédito, Financiamento e Investimento S.A. (“SCFI”). This license enables the SCFI to develop and offer a range of new products, such as time deposits to improve and diversify the funding sources of the Group. |
General accounting policies (Po
General accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
Basis of preparation | Basis of preparation The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements have been prepared on a historical cost basis, other than some Short and Long-term investments, Accounts receivable from card issuers, certain loans presented under Trade accounts receivable, Derivative financial instruments, Other liabilities related to contingent consideration and, upon initial recognition, Provision for contingencies of entities acquired on business combinations. The consolidated financial statements are presented in Brazilian Real/Reais (“R$”), and all values are rounded to the nearest thousand (R$ 000), except when otherwise indicated. |
Foreign currency translation | Foreign currency translation 2.2.1. Financial statements in foreign currencies The Group’s consolidated financial statements are presented in Brazilian Reais, which is the Company’s functional currency. The Group determines the functional currency for each member entity The Company’s subsidiaries’ functional currency is the Brazilian Real, except for the Napse Group for which its members use the U.S. Dollar, Argentinian Peso, Chilean Peso, Mexican Peso, Nuevo Sol and Uruguayan Peso. For those entities that use a functional currency other than the Brazilian Real, their financial statements are translated into Brazilian Reais using (i) the exchange rates at the reporting date for assets and liabilities, (ii) average monthly exchange rates for profit or loss, and (iii) the exchange rate at the transaction date for equity transactions. For these entities, exchange gains and losses arising from the translation process are recorded in Other comprehensive income (loss) ("OCI") in “Exchange differences on translation of foreign operations.” 2.2.2. Transactions in foreign currencies Transactions in foreign currencies are initially recorded by the Group’s entities in their functional currency at the spot exchange rate at the date the transaction first qualifies for recognition. Monetary assets and liabilities denominated in foreign currencies are translated into each functional currency using the exchange rates prevailing at the reporting date. Exchange gains and losses arising from the settlement of transactions and from the translation of monetary assets and liabilities denominated in foreign currency are recognized in the statement of profit or loss. These mostly arise from transactions carried out by clients with credit and debit cards issued by foreign card issuers, from the translation of the Group’s financial instruments denominated in foreign currencies and, to a lesser extent, from purchase of products and services denominated in foreign currencies. |
Leases | Leases The determination of whether an arrangement is, or contains, a lease is based on the substance of the arrangement at the inception date. In the event that fulfillment of the arrangement is dependent on the use of specific assets or the arrangement transfers a right to use the asset, such arrangements are defined as leases. 2.3.1. The Group as a lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets for which the Group opts for recognition exemption. The Group recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. 2.3.1.1. Right-of-use assets The Group recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. The estimated useful lives for the right-of-use assets are as follows: Estimated useful lives (years) Offices 1-10 Vehicles 1-3 Equipment 1-10 Software 1-3 If ownership of the leased asset is transferred to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The right-of-use assets are also subject to impairment. 2.3.1.2. Lease liabilities At the commencement date of the lease, the Group recognizes under “Borrowings and financing” lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating a lease; if the lease term reflects the Group exercising the option to terminate. The variable lease payments are recognized as an expense in the same period the event or condition that triggered the payment occurred. In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the lease liability balance is increased to reflect the accretion of interest and reduced when lease payments are made. The carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset. 2.3.1.3. Short-term leases and leases of low-value assets The Group applies the short-term lease recognition exemption to its short-term leases of offices, software, vehicles and other equipment (being contracts with a lease term of 12 months or less from the commencement date which do not contain a purchase option). It also applies the low-value assets recognition exemption to leases of office equipment that are considered of low value (below US$ 5,000). Lease payments of short-term leases and leases of low-value assets are recognized as an expense on a straight-line basis over the lease term. 2.3.2. The Group as a lessor Leases in which the Group does not transfer substantially all the risks and rewards incidental to ownership of an asset are classified as operating leases. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as revenue in the period in which they are earned. The Group has cancellable month-to-month lease contracts of Pin Pads & Point of Sale (“POS”) to third parties (clients). The leased assets are included in “Property and equipment” in the consolidated statement of financial position and are depreciated over their expected useful lives on a straight-line basis. Income from operating leases (net of any incentives given to the lessee) is recognized on a straight-line basis over the lease term in “Net revenue from subscription services and equipment rental” in the consolidated statement of profit or loss. |
Current and non-current classification | Current and non-current classification The Group presents assets and liabilities in the statement of financial position based on a current / non-current classification. An asset is current when it is: • expected to be realized or intended to be sold or consumed in the normal operating cycle; • held primarily for the purpose of trading; • expected to be realized within twelve months after the reporting period; or • cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. All other assets are classified as non-current. A liability is current when it is: • expected to be settled in the normal operating cycle; • held primarily for the purpose of trading; • due to be settled within twelve months after the reporting period; or • there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current. Deferred tax assets and liabilities are classified as non-current assets and liabilities. |
IAS 29 Accounting and reporting standard in highly hyperinflationary economy | IAS 29 Financial Reporting in Hyperinflationary Economies As the accumulated inflation rate in Argentina had exceeded 100% over the past three years the Company adopted IAS 29 Financial Reporting in Hyperinflationary Economies for the Argentine subsidiary Napse S.R.L. Pursuant to IAS 29, non-monetary assets and liabilities, shareholders’ equity and amounts in the statement of profit or loss of entities that operate in hyperinflationary economies are adjusted by the change in the general purchasing power of the currency, based on a general price index. The financial statements of an entity whose functional currency is the currency of a hyperinflationary economy, whether based on the historical or current cost approach, should be expressed in terms of the current measurement unit at the statement of financial position date. |
Climate Related Matters [Policy Text Block] | Climate Related Matters The Group acknowledges the presence and importance of climate risk and seeks to integrate it as part of the other managed risks. By the nature of its activities, the Company is mainly affected by physical and transition risks indirectly, as a result of the effects of those risks on its customers. Within this context, the Group has the objective of developing its capabilities for identifying, assessing, measuring, monitoring, reporting, and mitigating the potential effects resulting from social, environmental, and climate risks associated with its prioritized products, services, activities, and processes, based on the principles of relevance and proportionality. The Group's current view is that its business model and its main products are not likely to have a significant impact from the transition to a low-carbon economy. Climate-related matters however may increase the uncertainty in selected estimates and assumptions underpinning some items in the financial statements. Even though climate-related risks might not currently have a significant impact on measurement, the Group is closely monitoring relevant changes and developments, such as new climate-related legislation. Financial assets may be indirectly impacted by climate-related matters, principally the loan and credit card portfolio. Cash flows from customers whose businesses are affected by transition risks and extreme weather events and other physical climate risks may be impacted. However, this risk is mitigated by the diverse and broad base of customers operating in across numerous industries and in different geographical regions in Brazil, and the relative short-term duration of the loans. Extreme weather events might more significantly affect specific cities or geographical areas. |
New and amended standards and interpretations | New standards and amendments to standards and interpretations adopted The following amendments and interpretations were applied for the first time in 2023: • Amendment to IAS 12 – deferred tax related to assets and liabilities arising from a single transaction: The amendments require companies to recognize deferred tax on transactions that, on initial recognition give rise to equal amounts of taxable and deductible temporary differences. • Narrow scope amendments to IAS 1, practice statement 2 and IAS 8: The amendments aim to improve accounting policy disclosures and to help users of the financial statements to distinguish between changes in accounting estimates and changes in accounting policies. • IFRS 17 – insurance contracts: This standard replaces IFRS 4, which currently permits a wide variety of practices in accounting for insurance contracts. IFRS 17 will fundamentally change the accounting by all entities that issue insurance contracts and investment contracts with discretionary participation features. These amendments had no significant impact on the consolidated financial statements of the Group. |
New standards and amendments to standards and interpretations not yet adopted [Policy Text Block] | New standards and amendments to standards and interpretations not yet adopted The new and amended standards and interpretations that are issued, but not yet effective as of December 31, 2023 are presented below. The Group intends to adopt these new and amended standards and interpretations, if applicable, when they become effective. 2.8.1. International Tax Reform—Pillar Two Model Rules – Amendments to IAS 12 The amendment provides an exception not to recognize and disclose information about deferred tax assets and liabilities that are related to tax law enacted or substantively enacted to implement the Pillar Two model rules published by the Organization for Economic Co-operation and Development (the “Pillar Two legislation”). The amendments require that entities disclose separately their current tax expense/ income related to Pillar Two income taxes, and the qualitative and quantitative information about exposure to Pillar Two income taxes in periods in which the Pillar Two legislation is enacted or substantially enacted but not yet in effect, in annual reporting periods beginning on or after 1 January 2023. Currently, considering the legislation currently in force in the jurisdiction in which the Group has operations, it is not expected to significantly affect the Group’s financial statements. 2.8.2. Amendments to IAS 1: Classification of liabilities as current or non-current In January 2020 and October 2022, the IASB issued amendments to paragraphs 69 to 76 of IAS 1 to specify the requirements for classifying liabilities as current or non-current. The amendments clarify: • What is meant by a right to defer settlement; • That a right to defer must exist at the end of the reporting period; • That classification is unaffected by the likelihood that an entity will exercise its deferral right; • That an embedded derivative in a convertible liability is itself an equity instrument would the terms of a liability not impact its classification. The amendments are effective for annual reporting periods beginning on or after January 1, 2024 and must be applied retrospectively. The Group reviewed the amendment and currently does not expect it to have any impact on the Group’s consolidated financial statements. 2.8.3. Amendments to IAS 21: Lack of exchangeability On August 15, 2023, the IASB issued Lack of Exchangeability which amended IAS 21 The Effects of Changes in Foreign Exchange Rates (the Amendments).The amendments introduce requirements to assess when a currency is exchangeable into another currency and when it is not. The amendments require the entity to estimate the spot exchange rate when it concludes that a currency is not exchangeable into another currency. The amendments are effective for annual reporting periods beginning on or after January 1, 2025. The Group is assessing if the amendments will affect the Group’s consolidated financial statements. 2.8.4. IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments In May 2023, the IASB issued amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures to clarify the characteristics of supplier finance arrangements and require additional disclosure of such arrangements. The amendments aim to enhance the understanding of the characteristics of supplier financing transactions and include disclosures in financial statements that help users understand the effects on the entity's liabilities, cash flows and liquidity risk exposure. The amendments are effective for annual reporting periods beginning on or after January 1, 2024. The Group reviewed the amendment and currently does not expect it to have any impact on the Group’s consolidated financial statements on the initial application of the amendment since as of the date of these financial statement it has not entered into supplier finance arrangements. 2.8.5. The Enhancement and Standardization of Climate-Related Disclosures for Investors On March 06, 2024, the Securities and Exchange Commission (SEC) issued the final rule on The Enhancement and Standardization of Climate-Related Disclosures for Investors. This rule mandates the disclosure of information regarding a registrant’s climate-related risks that have materially impacted, or are reasonably likely to have a material impact on, its business strategy, results of operations, or financial condition. The Group is currently assessing the impact of this rule for disclosure to investors. |
Cash and cash equivalents (Poli
Cash and cash equivalents (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Cash and cash equivalents [abstract] | |
Description of accounting policy for determining components of cash and cash equivalents [text block] | Accounting policy Cash and cash equivalents in the statement of financial position comprise cash at banks and short-term deposits with a maturity of three months or less from the date of acquisition, which are subject to an insignificant risk of changes in value, and readily convertible into cash. |
Financial instruments (Policies
Financial instruments (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of detailed information about financial instruments [abstract] | |
Financial instruments | Accounting policy A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. |
Income taxes (Policies)
Income taxes (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract] | |
Description of accounting policy for income tax [text block] | Accounting policy 9.1.1. Current income and social contribution taxes Current tax assets and liabilities are measured at the amount expected to be recovered or paid to the tax authorities. The tax regulations applied are those in force on the statement of financial position date in the countries where the Group operates and generates taxable income. The Company is domiciled in the Cayman Islands which is an income tax free jurisdiction. Income of StoneCo from some investments outside the Cayman Islands is subject to withholding taxes to the countries where the investments are based. The withholding tax rate is generally 15%, which is treated as an income tax expense as StoneCo does not currently have taxable income against to which the withheld taxes can be offset. The combined statutory rate applied to all entities in Brazil is 34%, comprising the Corporate Income Tax (“IRPJ”) and the Social Contribution on Net Income (“CSLL”) on the taxable income of each Brazilian legal entity individually (no consolidated tax returns). The Group's Brazilian entities recognize IRPJ and CSLL on an accrual basis. According to Brazilian tax regulations, the historical nominal amount of tax losses determined in prior years can be offset against results of subsequent years at any time (i.e., do not prescribe), provided that such offsetting does not exceed 30% of the annual taxable income of the fiscal period in which tax losses are utilized. Payments are made monthly, in anticipation of the amount which will be due by the year-end. 9.1.2. Deferred income and social contribution taxes Deferred tax assets or liabilities are measured based on the differences between the tax bases of assets and liabilities and the amounts reported in the statement of financial position. Deferred tax assets may be recognized for unused tax loss carryforwards. Deferred tax assets are recognized only to the extent that it is probable that the Group's Brazilian entities will generate sufficient future taxable profits that will allow for their recovery. The expected realization of deferred tax assets is based on technical studies prepared by the Company that demonstrate expectation of future taxable profits according to management projections. The income tax and social contribution expense is recognized in the Consolidated statement of profit or loss under Income tax and social contribution, except when it refers to items recognized in other comprehensive income, in which case the related deferred tax assets or liabilities are also recognized against other comprehensive income. In this case, the Group presents these items in the Consolidated Statement of Other Comprehensive Income net of related tax effect. Management periodically evaluates positions taken in tax returns with respect to situations where applicable tax regulations are subject to interpretation and recognizes provisions, when appropriate. Deferred tax assets and liabilities are presented net in the Consolidated statement of financial position when there is a legally enforceable right and the intention to offset them upon the calculation of current taxes, generally when related to the same legal entity and the same jurisdiction. Accordingly, deferred tax assets and liabilities in different entities or in different tax jurisdictions are generally presented separately, and not on a net basis. |
Property and equipment (Policie
Property and equipment (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
Property and equipment | Accounting policy All property and equipment are stated at historical cost less accumulated depreciation and impairment losses, if any (Note 10.3). Historical cost includes expenditures that are directly attributable to the acquisition of the items and, if applicable, net of tax credits. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item is material and can be measured reliably. All other repairs and maintenance expenditures are charged to profit or loss during the period in which they are incurred. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Assets’ residual values, useful lives and methods of depreciation are reviewed at each reporting date and adjusted prospectively, if appropriate. Gains and losses on disposals or derecognition are determined by comparing the disposal proceeds (if any) with the carrying amount and are recognized in profit or loss. The Group also derecognizes under ¨Disposal of property and equipment¨ Pin Pads & POS held by customers that have not been used in the past 180 or 360 days, depending on the category of customer. |
Intangible assets (Policies)
Intangible assets (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Intangible Assets [abstract] | |
Intangible assets, other than goodwill | Accounting policy 11.1.1. Initial recognition Certain direct development costs associated with internally developed software and software enhancements of the Group’s technology platform are capitalized. Capitalized costs, which occur post determination by Management of technical feasibility, include external services and internal payroll costs. These costs are recorded as intangible assets over the development phase. Research and pre-feasibility development costs, as well as maintenance and training costs, are charged to profit or loss when incurred. Separately acquired intangible assets are measured at cost on initial recognition. The cost of intangible assets acquired in a business combination corresponds to their fair value at the acquisition date. 11.1.2. Subsequent recognition The useful lives of intangible assets are assessed as finite or indefinite. As of December 31, 2023 the Group holds only trademarks and patents and goodwill as indefinite life intangible assets. Intangible assets with finite useful lives are amortized over their estimated useful lives on a straight-line basis. Intangible assets with indefinite lives are not amortized. In both cases the intangible asset is tested for impairment whenever there is an indication that their carrying amount may not be recovered. For intangible assets with indefinite live, the impairment test is annually mandatory. The carrying amount of an intangible asset comprises of its cost net of accumulated amortization and any impairment losses recognized. The useful life and the method of amortization for intangible assets with finite lives are reviewed at least at the end of each year or when a change in the use pattern of the asset is identified. Changes in estimated useful lives or expected consumption of future economic benefits embodied in the assets are considered to modify the amortization period or method, as appropriate, and treated as changes in accounting estimates, with prospective effects. The amortization of intangible assets with definite lives is recognized in profit or loss as an expense consistent with the use of intangible assets. Gains and losses resulting from the disposal or derecognition of intangible assets are measured as the difference between the net disposal proceeds (if any) and their carrying amount and are recognized in profit or loss. 11.1.3. Impairment test The Group performs the impairment test of the assets in the scope of IAS 36 - Impairment of assets when (i) it observes an indication that an asset may be impaired or (ii) annually, whenever the entity has non-ready-to-use assets or goodwill. Assets of the Group subject to IAS 36 are intangible assets (including goodwill), property and equipment and investments in associates. Assets are tested individually, whenever possible, or allocated to CGU or group of CGUs. For the purpose of goodwill impairment testing, goodwill is allocated to the CGU or group of CGUs, which are expected to benefit from the synergies of the business combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those CGU or groups of CGUs. The impairment test consists of a comparison between (i) the carrying amount of the asset, CGU, or group of CGUs and (ii) its recoverable amount. The recoverable amount of an asset, CGU or group of CGUs is the higher of (i) its fair value less costs of disposal and (ii) its value in use. If the carrying amount exceeds the recoverable amount an impairment loss is recognized. In determining fair value less costs of disposal, recent market transactions are considered. If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples, quoted share prices for publicly traded companies or other available fair value indicators. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Impairment losses of continuing operations are recognized in the statement of profit or loss as expenses consistent with the function of the impaired asset. Impairment losses can be reversed in future periods, except for impairment losses of goodwill. See Note 11.4 for details in the model and key assumptions adopted in the annual goodwill impairment test. |
Provision for contingencies (Po
Provision for contingencies (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Provisions [abstract] | |
Description of accounting policy for provisions [text block] | Accounting policy Some entities of the Group are party to labor, civil and tax litigation in progress, which are being addressed at the administrative and judicial levels. Provisions for legal claims (labor, civil and tax) are recognized when (i) there is a present obligation (legal or constructive) as a result of a past event; (ii) it is probable that an outflow of resources will be required to settle such obligation; and (iii) a reliable estimate can be made of the amount of the obligation. If there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. Provisions are measured by the best estimate of the expenditure required to settle the present obligation at the end of the reporting period. Provisions are recognized at the present value using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation whenever the effect of the time value of money is material. The increase in the provision due to the passage of time is recognized as Financial expenses, net. Where the Group expects some or all of a provision to be reimbursed, for example, under an insurance contract, the reimbursement is recognized as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is presented in the statement of profit or loss net of any reimbursement, if applicable. |
Employee benefits (Policies)
Employee benefits (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Classes of employee benefits expense [abstract] | |
Employee benefits | Accounting policy 20.1.1. Short-term obligations Liabilities in connection with short-term employee benefits are measured on a non-discounted basis and are expensed as the related service is provided. The liability is recognized for the expected amount to be paid under the plans of cash bonus or short-term profit sharing if the Group has a legal or constructive obligation of paying this amount due to past service provided by employees and the obligation may be reliably estimated. 20.1.2. Share-based payment The Group has equity settled share-based payment instruments, under which management grants shares to employees and non-employees depending on the strategy described above. The cost of equity-settled transactions with employees is measured using their fair value at the date they are granted. The cost is expensed together with a corresponding increase in equity over the service period when the performance conditions are fulfilled (the vesting period). The cumulative expense recognized for equity-settled transactions at each reporting date up to the vesting date reflects the extent to which the vesting period has elapsed and the Group’s best estimate of the number of equity instruments that will ultimately vest. The expense or credit in the statement of profit or loss for a period represents the movement in cumulative expense recognized as at the beginning and end of that period. Service and non-market performance conditions are not taken into account when determining the grant date fair value of the instruments, but the likelihood of the conditions being met is assessed as part of the Group’s best estimate of the number of equity instruments that will ultimately vest. Market performance conditions are reflected within the grant date fair value. Any other conditions attached to an instrument, but without an associated service requirement, are considered to be non-vesting conditions. The dilutive effect of outstanding share-based instruments is reflected as additional share dilution in the computation of diluted earnings per share (Note 16). 20.1.3. Profit-sharing and bonus plans The Group recognizes a liability and an expense for bonuses and profit-sharing. Bonus and profit-sharing payable in cash for each individual is determined based on the following factors: adjusted net income, corporate goals, department goals and individual performance assessment. The Group recognizes a provision where contractually obliged or where there is a past practice that has created a constructive obligation. |
Business combinations (Policies
Business combinations (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Combinations of Business [Abstract] | |
Business combinations and goodwill | Accounting policy Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, including assets given, equity instruments issued, and liabilities incurred or assumed at the date of exchange, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Group elects whether to measure non-controlling interests in the acquiree at fair value or on the basis of its proportionate share in the identifiable net assets of the acquiree. Costs directly attributable to the acquisition are expensed as incurred. The assets acquired and liabilities assumed are measured at fair value, classified, and allocated according to the contractual terms, economic circumstances, and relevant conditions as at the acquisition date. The Group identifies and measures the assets acquired and liabilities assumed by the value obtained in preliminary assessments at the acquisition date. The Group has up to 12 months after each of the acquisitions to conclude the assessment and frequently values the assets acquired and liabilities assumed with the assistance of independent specialists. When the valuation is finalized, the Company recognizes the difference between the preliminary amounts and the final amounts related to the acquisition on its statement of financial position and statement of profit or loss, as appropriated. Subsequent to the initial recognition of property and equipment and intangible assets identified, the Company records the depreciation and amortization over the useful lives defined at the initial recognition based on the preliminary assessments until the final assessments are available. Contingent liabilities recognized as of acquisition date are measured at fair value. Subsequently, until the liability is settled, cancelled or expires, they are recognized at the higher of the amount initially recognized or the amount that would be recognized under IAS 37. Any contingent consideration to be transferred by the acquirer is recognized at fair value on acquisition date. Subsequent changes in the fair value of the contingent consideration treated as an asset or liability is recognized in profit or loss. In order to evaluate the contingent consideration, the Group considers different probabilities of scenarios and discounted future contractual cash flows at the interest rates available in the market for similar financial instruments. Goodwill is measured as the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests and any previous interest held over the fair value of net assets acquired. If the fair value of net assets acquired is in excess of the aggregate consideration transferred, the Group re-assesses whether it has correctly identified all assets acquired and all liabilities assumed and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss. After initial recognition, goodwill is measured at cost less than any accumulated impairment losses. Goodwill indefinite useful life intangible assets recognized under business combination are tested for impairment at least annually at December 31 or whenever there is an indication that it may be impaired (Note 11.4). |
Segment information (Policies)
Segment information (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
Segment information | Accounting policy In line with the strategy and organizational structure of the Group, two reportable segments, “Financial Services” and “Software” and certain non-allocated activities, are presented: • Financial services: Comprised of the financial services solutions which includes mainly payments solutions, digital banking, credit, insurance solutions as well as the registry business. • Software: Comprised of two main activities (i) Core, which is comprised by POS/ERP solutions, TEF and QR Code gateways, reconciliation and CRM, and (ii) Digital, which includes OMS, e-commerce platforms, engagement tools, ads solutions and marketplace hubs. • Non allocated activities: Comprised of non-strategic businesses, including results on disposal / discontinuation of non-core businesses. The Group used and continues to use Adjusted net income (loss) as the measure reported to the Chief Operating Decision Maker (“CODM”) about the performance of each segment. The measurement of Adjusted net income (loss) from January 1, 2023 no longer excludes share-based compensation expenses in the segmented statement of profit or loss. Also, from April 1, 2022 it no longer excludes bond issuance expenses in the segmented statement of profit or loss. Hence, the statement of profit or loss as from January 1, 2023 include the share-based and bond issuance expenses in the segmented Statement of Profit or Loss. Information of prior periods have been retroactively adjusted to reflect the new criteria as presented below. The effect in Adjusted net income (loss) of no longer excluding share-based compensation expenses from January 1, 2023 to December 31, 2023 amounts to R$ 31,487. |
General accounting policies (Ta
General accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
Summary of Depreciation Method of Right of Use Assets | Estimated useful lives (years) Offices 1-10 Vehicles 1-3 Equipment 1-10 Software 1-3 |
Group information (Tables)
Group information (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Investments accounted for using equity method [abstract] | |
Disclosure of information about consolidated structured entities | The Group considers the entities listed below to be structured entities that are controlled by the Group. The participation of the Group in each of them is stated as follows: Outstanding quotas as of December 31, 2023 Tapso Fundo de Investimento em Direitos Creditórios ("FIDC TAPSO") 100% of subordinated quotas representing approximately 99% of total (subordinated and senior and/or mezzanine) quotas Tapso II Fundo de Investimento em Direitos Creditórios ("FIDC TAPSO II") 100% of subordinated quotas representing total quotas SOMA I Fundo de Investimentos em Direitos Creditórios Não Padronizados ("FIDC SOMA") 100% of subordinated quotas representing total quotas SOMA III Fundo de Investimentos em Direitos Creditórios Não Padronizados ("FIDC SOMA III") 100% of subordinated quotas representing total quotas StoneCo exclusivo Fundo de Investimento em Cotas de Fundo de Investimento Multimercado Crédito Privado ("FIC FIM STONECO") 100% of all outstanding quotas of a single class ACR I Fundo de Investimento em Direitos Creditórios ("FIDC ACR I") 100% of subordinated quotas representing approximately 97% of total (subordinated and senior and/or mezzanine) quotas ACR III Fundo de Investimento em Direitos Creditórios ("FIDC ACR III") 100% of subordinated quotas representing total quotas ACR V Fundo de Investimento em Direitos Creditórios ("FIDC ACR V") 100% of subordinated quotas representing total quotas ACR VI Fundo de Investimento em Direitos Creditórios ("FIDC ACR VI") 100% of subordinated quotas representing total quotas ACR FAST Fundo de Investimento em Direitos Creditórios ("FIDC ACR FAST") 100% of subordinated quotas representing approximately 97% of total (subordinated and senior and/or mezzanine) quotas |
Disclosure of subsidiaries [text block] | The consolidated financial statements of the Group include the following subsidiaries and structured entities: % of Group's equity interest Entity name Principal activities 2023 2022 Stone Instituição de Pagamento S.A. (“Stone Pagamentos”) Merchant acquiring 100.00 100.00 MNLT S.A. (“MNLT”) Merchant acquiring 100.00 100.00 Pagar.me Instituição de Pagamento S.A. (“Pagar.me”) Merchant acquiring 100.00 100.00 Stone Cartões Instituição de Pagamento S.A. (“Stone Cartões”) Merchant acquiring 100.00 100.00 % of Group's equity interest Entity name Principal activities 2023 2022 Linx Pay Meios de Pagamento Ltda. (“Linx Pay”) Merchant acquiring 100.00 100.00 Stone Sociedade de Crédito Direto S.A. (“Stone SCD”) Financial services 100.00 100.00 TAG Tecnologia para o Sistema Financeiro S.A. ("TAG") Financial assets register 100.00 100.00 MLabs Software S.A. (“MLabs”) Technology services 51.50 51.50 Equals S.A. (“Equals”) (a) Technology services — 100.00 Questor Sistemas S.A. (“Questor”) Technology services 50.00 50.00 Sponte Informática S.A. (“Sponte”) (b) Technology services — 100.00 SimplesVet Tecnologia S.A. (“SimplesVet”) Technology services 50.00 50.00 VHSYS Sistema de Gestão S.A. (“VHSYS”) Technology services 50.00 50.00 Trampolin Pagamentos S.A. (“Trampolin”) (c) Technology services — 100.00 Linx S.A. (“Linx”) Technology services 100.00 100.00 Linx Sistemas e Consultoria Ltda. (“Linx Sistemas”) Technology services 100.00 100.00 Linx Telecomunicações Ltda. ("Linx Telecom") Technology services 100.00 100.00 Napse S.R.L. (“Napse Group”) Technology services 100.00 100.00 Napse Uruguay SAS (“Napse Group”) Technology services 100.00 100.00 Sociedad Ingenería de Sistemas Napse I.T. de Chile Limitada (“Napse Group”) Technology services 100.00 100.00 Napse IT Peru S.R.L. (“Napse Group”) Technology services 100.00 100.00 Synthesis Holding LLC (“Napse Group”) Technology services 100.00 100.00 Synthesis US LLC (“Napse Group”) Technology services 100.00 100.00 Retail Americas Sociedad de Responsabilidad Limitada de Capital Variable (“Napse Group”) Technology services 100.00 100.00 Synthesis IT de México Sociedad de Responsabilidad Limitada de Capital Variable (“Napse Group”) Technology services 100.00 100.00 Hiper Software S.A. ("Hiper") Technology services 100.00 100.00 Reclame Aqui LLC (“Reclame Aqui Group”) Technology services 50.00 50.00 Obvio Brasil Software e Serviços S.A. (“Reclame Aqui Group”) Technology services 50.00 50.00 O Mediador Tecnologia da Informação S/S Ltda (“Reclame Aqui Group”) Technology services 50.00 50.00 Reclame Aqui Marcas e Serviços Ltda (“Reclame Aqui Group”) Technology services 50.00 50.00 STEF S.A ("Stef") (d) Technology services 100.00 — Hubcount Tecnologia S.A. (“Hubcount”) (e) Technology services 75.60 75.60 Buy4 Processamento de Pagamentos S.A. (“Buy4”) Processing card transactions 100.00 100.00 Buy4 Sub LLC ("Buy4 LLC") Cloud store card transactions 100.00 100.00 Vitta Corretora de Seguros Ltda. (“Vitta Group”) Insurance services 100.00 100.00 Vitta Tecnologia em Saúde S.A. (“Vitta Group”) Health services 100.00 100.00 Vitta Serviços em Saúde Ltda. (“Vitta Group”) Health services 100.00 100.00 Vitta Saúde Administradora de Benefícios Ltda. (“Vitta Group”) Health services 100.00 100.00 StoneCo Pagamentos UK Ltd. ("StoneCo UK") Service provider 100.00 100.00 Stone Logística Ltda. ("Stone Log") Logistic services 100.00 100.00 Stone Franchising Ltda. ("Franchising") Franchising management 100.00 100.00 Cappta S.A. (“Cappta”) (d) Electronic fund transfer — 59.60 Ametista Serviços Digitais Ltda. (“PinPag”) (f) Electronic fund transfer 100.00 100.00 Esmeralda Serviços Digitais Ltda. (“PinPag”) (f) Electronic fund transfer 100.00 100.00 Diamante Serviços Digitais Ltda. (“PinPag”) (f) Electronic fund transfer 100.00 100.00 Safira Serviços Digitais Ltda. (“PinPag”) (f) Electronic fund transfer 100.00 100.00 FIDC AR III (g) Investment fund — 100.00 FIDC TAPSO Investment fund 100.00 100.00 FIDC TAPSO II Investment fund 100.00 100.00 FIDC SOMA Investment fund 100.00 100.00 FIDC SOMA III Investment fund 100.00 100.00 FIC FIM STONECO Investment fund 100.00 100.00 Retail Renda Fixa Crédito Privado Fundo de Investimento (“Retail Renda Fixa”) (h) Investment fund — 100.00 FIDC ACR I (i) Investment fund 100.00 — % of Group's equity interest Entity name Principal activities 2023 2022 FIDC ACR III (i) Investment fund 100.00 — FIDC ACR V (i) Investment fund 100.00 — FIDC ACR VI (h) Investment fund 100.00 — FIDC ACR FAST (i) Investment fund 100.00 — MPB Capital LLC ("MPB") Investment company 100.00 100.00 DLP Capital LLC ("DLP Cap") Holding company 100.00 100.00 DLPPar Participações S.A. (“DLPPar”) Holding company 100.00 100.00 Reclame Aqui Holding Ltd ("Reclame Aqui") Holding company 50.00 50.00 STNE Participações S.A. ("STNE Par") Holding company 100.00 100.00 STNE Participações em Tecnologia S.A. ("STNE ParTec") Holding company 100.00 100.00 VittaPar LLC (“Vitta Group”) Holding company 100.00 100.00 Stone Holding Instituições S.A. ("Stone Holding") Holding company 100.00 100.00 STNE Investimentos S.A. ("STNE Invest.") (j) Holding company 100.00 — Equals Software S.A. ("Equals Software") (k) Holding company 100.00 — Stone Seguros S.A. (“Stone Seguros”) Holding company 100.00 100.00 (a) Equals was merged into STNE Par on October 02, 2023. (b) Sponte was merged into Linx Sistemas on August 01, 2023. (c) Trampolin was merged into Pagar.me on April 01, 2023. (d) In June 2023, a reorganization of the businesses was carried by a former subsidiary Cappta. As a result of the reorganization, the Company no longer has an interest in providing technology solutions for payments in installments; the equity interest was raised to increased to 100% for the technology solutions for electronic transfers. Both activities were, up to June 30, 2023, carried out by Cappta, when the Company owned 59.6%. As a result of the transaction, the Company no longer has an investment in Cappta and has a 100% interest in Stef. The transaction did not have any material impact on the Group financial statements. (e) STNE Par has a 50% equity in Questor and, on August 31, 2022, Questor acquired a 75.60% equity interest in Hubcount. (f) On February 7, 2024, the equity interest of Pinpag was sold, thus, the Group ceased to hold equity interest in Pinpag. (g) FIDC AR III was closed on September, 20 2023. (h) Retail Renda Fixa was closed on March 30, 2023. (i) The Group owns 100% of the subordinated quotas in connection with the incorporation of the funds. (j) On January 2, 2023, the Group constituted STNE Invest. to hold equity stakes in other companies. (k) On January 2, 2023, the Group constituted Equals Software to hold equity stake in Vitta Group. |
Summary of associates | % Group's equity interest Entity name Principal activities 2023 2022 Alpha-Logo Serviços de Informática S.A. (“Tablet Cloud”) Technology services 25.00 25.00 Agilize Tecnologia S.A. ("Agilize") (a) Technology services 33.33 — Trinks Serviços de Internet S.A. (“Trinks”) Technology services 19.90 19.90 Neostore Desenvolvimento De Programas De Computador S.A. (“Neomode”) Technology services 40.02 40.02 Dental Office S.A. (“RH Software”) Technology services 20.00 20.00 APP Sistemas S.A. (“APP”) (b) Technology services 19.90 20.00 Delivery Much Tecnologia S.A. (“Delivery Much”) Food delivery marketplace 29.49 29.49 EveryData Jamaica Limited (“Creditinfo Caribbean”) (c) Credit bureau services — 47.75 EveryData (Guyana) Inc. (“Creditinfo Caribbean”) (c) Credit bureau services — 47.75 EveryData (Barbados) Limited (“Creditinfo Caribbean”) (c) Credit bureau services — 47.75 EveryData ECCU Ltd (“Creditinfo Caribbean”) (c) Credit bureau services — 47.75 EveryData Group Ltd. SEZC ("StoneCo CI") (c) Holding company — 47.75 (a) On August 1, 2023, the Group acquired a 33.33% equity interest in Agilize, a private company based in the State of Bahia, Brazil, for R$$8,523.00 through the conversion of a credit arising from a convertible loan agreement. Agilize develops technology that provides online accounting services. (b) In April 2023, the ownership in APP was diluted by the issuance of new shares under a long-term incentive program, admitting a new shareholder. (c) On December 29, 2023 the Company sold all its interest in Everydata Group Ltd. (formerly, StoneCo CI) and its subsidiaries (namely, the Creditinfo Caribbean companies). |
Cash and cash equivalents (Tabl
Cash and cash equivalents (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Cash and cash equivalents [abstract] | |
Summary of cash and cash equivalents | 2023 2022 Denominated in R$ 2,128,425 1,388,616 Denominated in US$ 47,991 123,959 Denominated in other foreign currencies — 29 2,176,416 1,512,604 |
Financial instruments (Tables)
Financial instruments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of detailed information about financial instruments [abstract] | |
Schedule of composition of accounts receivable from card issuers | Accounts receivable are amounts due from card issuers and acquirers for the transactions of clients with card holders, performed in the ordinary course of business. 2023 2022 Accounts receivable from card issuers (a) 23,364,806 20,053,392 Accounts receivable from other acquirers (b) 667,922 718,228 Allowance for expected credit losses (55,619) (22,763) 23,977,109 20,748,857 Current 23,895,512 20,694,523 Non-current 81,597 54,334 (a) Accounts receivable from card issuers, net of interchange fees, as a result of processing transactions with clients. (b) |
Schedule of allowance for expected credit losses of accounts receivable from card issuers | Allowance for expected credit losses of accounts receivable from card issuers The Group records an allowance for expected credit losses of accounts receivable from card issuers based on expected credit losses that consider the expected nature and level of risk associated with receivables and the information about the different issuers. The Group recognizes additional allowance for card issuers upon increases in the credit risk. (Notes 6.1.1.5 and 6.2.1.2). 2023 2022 At January 1 22,763 15,103 Charge for the year 53,090 22,818 Reversal (20,234) (15,158) At December 31 55,619 22,763 |
Schedule of composition of trade accounts receivable | 2023 2022 Accounts receivable from subscription services 293,304 294,516 Accounts receivable from equipment rental 114,252 135,479 Chargeback 72,401 58,302 Services rendered 51,456 36,089 Cash in transit 24,172 21,521 Receivables from registry operation 22,347 35,150 Loans designated at FVPL — 26,866 Allowance for expected credit losses (117,553) (108,434) Others 28,101 22,557 488,480 522,046 Current 459,947 484,722 Non-current 28,533 37,324 6.5.2. Allowance for expected credit losses of trade accounts receivable 2023 2022 At January 1 108,434 80,418 Charge for the year 82,946 94,093 Reversal (17,668) (13,181) Write-off (56,159) (52,896) At December 31 117,553 108,434 |
Schedule of Loans and Financing | maturity: 2023 Credit card 3,131 Working capital 309,677 Loans operations portfolio, gross 312,808 Allowance for expected credit losses (62,061) Loans operations portfolio, net of allowance for expected credit losses 250,747 Current 209,957 Non-current 40,790 6.6.1. Aging by maturity 2023 Balances not yet due <= 30 days 14,376 30 < 60 days 30,670 61 < 180 days 110,957 181 < 360 days 113,323 361 < 720 days 41,573 > 720 days 61 310,960 Balances overdue by <= 30 days 947 30 < 90 days 799 91 < 180 days 99 181 < 360 days 3 1,848 Loans operations portfolio, gross 312,808 6.6.2. Gross carrying amount Reconciliation of gross portfolio of loans operations, segregated by Stages: Stage 1 2022 Transfer to stage 2 Transfer to stage 3 Cure from stage 2 Cure from stage 3 Acquisition / (Settlement) 2023 Credit card — — — — — 3,131 3,131 Working capital — (19,561) (309) 5,369 313 310,470 296,282 — (19,561) (309) 5,369 313 313,601 299,413 Stage 2 2022 Cure to stage 1 Transfer to stage 3 Transfer from stage 1 Cure from stage 3 Acquisition / (Settlement) 2023 Credit card — — — — — — — Working capital — (5,369) (970) 19,561 62 (1,089) 12,195 — (5,369) (970) 19,561 62 (1,089) 12,195 Stage 3 2022 Cure to stage 1 Cure to stage 2 Transfer from stage 1 Transfer from stage 2 Acquisition / (Settlement) 2023 Credit card — — — — — — — Working capital — (313) (62) 309 970 296 1,200 — (313) (62) 309 970 296 1,200 Consolidated 3 stages 2022 Acquisition / (Settlement) 2023 Credit card — 3,131 3,131 Working capital — 309,677 309,677 — 312,808 312,808 6.6.3. Allowance for expected credit losses of loans operations Stage 1 2022 Transfer to stage 2 Transfer to stage 3 Cure from stage 2 Cure from stage 3 Acquisition / (Settlement) 2023 Credit card — — — — — 200 200 Working capital — (5,487) (216) 628 27 62,624 57,576 — (5,487) (216) 628 27 62,824 57,776 Stage 2 2022 Cure to stage 1 Transfer to stage 3 Transfer from stage 1 Cure from stage 3 Acquisition / (Settlement) 2023 Credit card — — — — — — — Working capital — (628) (654) 5,487 5 (765) 3,445 — (628) (654) 5,487 5 (765) 3,445 Stage 3 2022 Cure to stage 1 Cure to stage 2 Transfer from stage 1 Transfer from stage 2 Acquisition / (Settlement) 2023 Credit card — — — — — — — Working capital — (27) (5) 216 654 2 840 — (27) (5) 216 654 2 840 Consolidated 3 stages 2022 Acquisition / (Settlement) 2023 Credit card — 200 200 Working capital — 61,861 61,861 — 62,061 62,061 |
Schedule of changes in loans and financing and obligations to FIDC quota holders | Composition of borrowings and financing and obligations to FIDC quota holders Average annual interest rate % Original date of issuance Original maturity Current portion Non-current portion 2023 Obligations to FIDC TAPSO quota holders (6.8.3.3) CDI Rate* + 1.85% Jul/23 Jul/24 53,103 — 53,103 Obligations to FIDC ACR FAST quota holders (6.8.3.4) CDI Rate* + 1.12% Jul/23 Not applicable 452,128 — 452,128 Obligations to FIDC quota holders 505,231 — 505,231 Leases (6.8.3.5) 105.1% to 151.8% of CDI Rate* Not applicable Jan/23 to Jun/29 30,227 143,456 173,683 Bonds (6.8.3.6) 3.95% USD Jun/21 Jun/28 2,922 2,399,776 2,402,698 Bank borrowings (6.8.3.7) CDI + 1.30% to CDI + 1.94% p.a. (Several) Up to six months 1,321,348 — 1,321,348 Receivables backed securities (6.8.3.8) CDI + 2.28% p.a. Sep/23 Sep/26 3,316 98,702 102,018 Debentures (6.8.3.9) CDI + 1.95% p.a. Nov/23 Oct/26 16,953 997,281 1,014,234 Borrowings and financing 1,374,766 3,639,215 5,013,981 1,879,997 3,639,215 5,519,212 Average annual interest rate % Original date of issuance Original maturity Current portion Non-current portion 2022 Obligations to FIDC AR III quota holders (6.8.3.2) CDI Rate* + 1.50% Aug/20 Aug/23 952,780 — 952,780 Obligations to FIDC TAPSO quota holders (6.8.3.3) CDI Rate* + 1.80% Sep/19 Feb/23 22,468 — 22,468 Obligations to FIDC quota holders 975,248 — 975,248 Leases (6.8.3.5) 105.1% to 151.8% of CDI Rate* Not applicable Jan/23 to Jun/29 55,583 144,564 200,147 Bonds (6.8.3.6) 3.95% USD Jun/21 Jun/28 4,007 2,583,861 2,587,868 Bank borrowings (6.8.3.7) CDI + 0.95% p.a. to CDI + 1.44% p.a. (Several) Three to eighteen months 1,787,817 45 1,787,862 Borrowings and financing 1,847,407 2,728,470 4,575,877 2,822,655 2,728,470 5,551,125 (*) “CDI Rate” (Brazilian Certificado de Depósito Interbancário), which is an average of interbank overnight rates in Brazil, the average rate of December 31, 2023 was 13.04% (2022 – 12.38%). 6.8.2. Changes in borrowings and financing and obligations to FIDC quota holders 2022 Additions Disposals Payment of principal Payment of interest Business Combination Changes in Exchange Rates Interest 2023 Obligations to FIDC AR III quota holders (Note 6.8.3.2) 952,780 — — (937,499) (67,975) — — 52,694 — Obligations to FIDC TAPSO quota holders (Note 6.8.3.3) 22,468 50,000 — (20,000) (3,021) — — 3,656 53,103 Obligations to FIDC ACR FAST quota holders (Note 6.8.3.4) — 514,752 — (75,004) (2,413) — — 14,793 452,128 Leases (Note 6.8.3.5) 200,147 67,417 (21,225) (72,815) (13,764) — 156 13,767 173,683 Bonds (Note 6.8.3.6) 2,587,303 — — — (96,157) — (188,440) 99,992 2,402,698 Bank borrowings (Note 6.8.3.7) 1,788,427 4,088,209 — (4,489,681) (246,739) — (4,326) 185,458 1,321,348 Receivables backed securities (Note 6.8.3.8) — 97,734 — — — — — 4,284 102,018 Debentures (Note 6.8.3.9) — 995,676 — — — — — 18,558 1,014,234 5,551,125 5,813,788 (21,225) (5,594,999) (430,069) — (192,610) 393,202 5,519,212 Current 2,822,655 1,879,997 Non-current 2,728,470 3,639,215 2021 Additions Disposals Payment of principal Payment of interest Business Combination Changes in Exchange Rates Interest 2022 Obligations to FIDC AR III quota holders (Note 6.8.3.2) 2,206,043 — — (1,250,000) (211,058) — — 207,795 952,780 Obligations to FIDC TAPSO quota holders (Note 6.8.3.3) 21,131 — — — (1,515) — — 2,852 22,468 Leases (Note 6.8.3.5) 273,455 64,658 (52,913) (85,229) (14,600) — 176 14,600 200,147 Bonds (Note 6.8.3.6) 2,764,610 — — — (103,134) — (185,153) 110,980 2,587,303 Bank borrowings (Note 6.8.3.7) 2,697,641 3,499,986 — (4,605,452) (97,317) 4,464 — 289,105 1,788,427 Debentures (Note 6.8.3.9) 399,509 — — (404,317) (17,374) — — 22,182 — 8,362,389 3,564,644 (52,913) (6,344,998) (444,998) 4,464 (184,977) 647,514 5,551,125 Current 3,873,561 2,822,655 Non-current 4,488,828 2,728,470 |
Schedule of Derivative financial instruments, net | Derivative financial instruments, net 2023 2022 Cross-currency interest rate swap used as hedge accounting instrument (Note 6.9.1) (311,445) (190,902) Non-deliverable forward used as economic hedge instrument (Note 6.9.2) (4,097) (6,395) Call options to acquire additional interest in subsidiaries 3,553 23,983 Derivative financial instruments, net (311,989) (173,314) |
Schedule of hedge accounting of financial instruments | Notional in US$ Notional in R$ Pay rate in local currency Trade date Due date Fair value as of 2023 – Asset (Liability) Loss recognized in income in 2023 (a) Loss recognized in OCI (net of tax), in 2023 (b) Fair value as of 2022 – Asset (Liability) 50,000 248,500 CDI + 2.94% June 23, 2021 June 16, 2028 (26,967) (86,656) 6,784 (15,274) 50,000 247,000 CDI + 2.90% June 24, 2021 June 16, 2028 (26,359) (72,213) 6,958 (14,836) 50,000 248,500 CDI + 2.90% June 24, 2021 June 16, 2028 (27,625) (74,618) 7,215 (15,961) 75,000 375,263 CDI + 2.99% June 30, 2021 June 16, 2028 (43,894) (50,137) 9,994 (26,179) 50,000 250,700 CDI + 2.99% June 30, 2021 June 16, 2028 (29,705) (42,826) 8,998 (17,846) 50,000 250,110 CDI + 2.98% June 30, 2021 June 16, 2028 (29,207) (50,705) 16,871 (17,403) 25,000 127,353 CDI + 2.99% July 15, 2021 June 16, 2028 (16,495) (21,254) (7,334) (10,374) 25,000 127,353 CDI + 2.99% July 15, 2021 June 16, 2028 (16,573) (16,887) 3,114 (10,455) 50,000 259,890 CDI + 2.96% July 16, 2021 June 16, 2028 (37,516) (21,703) 14,526 (24,793) 25,000 131,025 CDI + 3.00% August 6, 2021 June 16, 2028 (18,487) (20,321) (8,295) (12,101) 25,000 130,033 CDI + 2.85% August 10, 2021 June 16, 2028 (19,391) (17,178) 2,751 (12,917) 25,000 130,878 CDI + 2.81% August 11, 2021 June 16, 2028 (19,226) (16,181) 2,564 (12,763) 50,000 248,500 CDI + 1.80% May 22, 2023 November 22, 2023 (13,308) (13,308) — — Net amount (324,753) (503,987) 64,146 (190,902) (a) Recognized in the statement of profit or loss, in “Financial expenses, net.” The amount recognized in 2022 was a loss of R$ 459,289. (b) Recognized in equity, in “Other comprehensive income.” The balance in the cash flow hedge reserve as of December 31, 2023 is a loss of R$ 197,188 (2022 - loss of R$ 261,366). |
Schedule of Currency and Interest Rate Hedge | 2023 Minimum Rate Maximum Rate Notional Gain (loss) NDF Dollar 4.8220 4.9400 6,460 19,116 NDF Euro 5.3208 5.3715 570 (447) 2022 Minimum Rate Maximum Rate Notional Gain (loss) NDF Dollar 5.1900 5.3200 65,500 25,827 6.9.2.2. Interest rates hedge The Group mitigates the interest rate risk generated by the gap between its prepayment business (fixed rate) and its funding activities (either fixed or floating) with mixed maturities. This hedge is executed over-the-counter ("OTC") with multiple financial institutions following its Counterparty Policy. 2023 Minimum Rate Maximum Rate Maturity is up to Notional Gain (loss) Interest rate swaps (Fixed rate to CDI) 10.2% 14.3% May/25 6,079,500 (7,328) 2022 Minimum Rate Maximum Rate Maturity is up to Notional Gain (loss) Interest rate swaps (Fixed rate to CDI) 9.1% 14.3% April/24 5,225,105 (9,262) |
Schedule of Risk Assessment, Value-at-Risk and Scenario Analysis | The Group conducts a study on how market variables would impact the Group’s financial statements based on Historical Value at Risk models. Risk Factor Asset/ Liability VaR VaR VaR Interest Rates Accounts receivables from credit card issuers, Accounts payables to clients and interest rate swaps 297 941 2,304 Foreign Currency Exchange USD denominated asset/liabilities/derivatives 6 19 46 |
Schedule of liquidity risk of financial instruments | Less than one year Between 1 and 2 years Between 2 and 5 years Over 5 years December 31, 2023 Deposits from banking customers 6,119,455 — — — Accounts payable to clients 19,163,672 35,455 — — Trade accounts payable 513,877 — — — Borrowings and financing 1,371,845 1,344,545 5,049,235 — Obligations to FIDC quota holders 505,231 — — — Other liabilities 119,526 160,079 250,425 — 27,793,606 1,540,079 5,299,660 — December 31, 2022 Deposits from banking customers 4,023,679 — — — Accounts payable to clients 16,542,963 35,775 — — Trade accounts payable 596,044 — — — Borrowings and financing 2,255,110 431,180 1,231,989 2,729,500 Obligations to FIDC quota holders 1,028,562 — — — Other liabilities 145,605 268,544 — 24,591,963 735,499 1,231,989 2,729,500 |
Disclosure of financial instruments by category | Amortized cost FVPL FVOCI Total December 31, 2023 Short and Long-term investments — 3,481,496 45,702 3,527,198 Financial assets from banking solutions 5,250,496 1,147,402 — 6,397,898 Accounts receivable from card issuers 5,877 — 23,971,232 23,977,109 Trade accounts receivable 488,480 — — 488,480 Loans operations portfolio 250,747 — — 250,747 Derivative financial instruments (a) — 4,182 — 4,182 Receivables from related parties 2,512 — — 2,512 Other assets 518,362 — — 518,362 6,516,474 4,633,080 24,016,934 35,166,488 December 31, 2022 Short and Long-term investments — 3,636,687 31,850 3,668,537 Financial assets from banking solutions — 3,960,871 — 3,960,871 Accounts receivable from card issuers 6,992 — 20,741,865 20,748,857 Trade accounts receivable (b) 495,180 26,866 — 522,046 Derivative financial instruments (a) — 36,400 — 36,400 Receivables from related parties 10,053 — — 10,053 Other assets 571,881 — — 571,881 1,084,106 7,660,824 20,773,715 29,518,645 (a) Derivative financial instruments as of December 31, 2023 of R$ 311,445 (2022 – R$ 190,902) were designated as cash flow hedging instruments, and therefore the effective portion of the hedge is accounted for in the OCI. (b) The amount classified as FVPL refers to loans granted to customers up to June 30, 2021 (Notes 6.5.1 and 6.10.1.3). 6.12.2. Financial liabilities by category Amortized cost FVPL Total December 31, 2023 Deposits from banking customers 6,119,455 — 6,119,455 Accounts payable to clients 19,199,127 — 19,199,127 Trade accounts payable 513,877 — 513,877 Borrowings and financing 5,013,981 — 5,013,981 Obligations to FIDC quota holders 505,231 — 505,231 Derivative financial instruments — 316,171 316,171 Other liabilities 119,526 410,504 530,030 31,471,197 726,675 32,197,872 December 31, 2022 Deposits from banking customers 4,023,679 — 4,023,679 Accounts payable to clients 16,614,513 — 16,614,513 Trade accounts payable 596,044 — 596,044 Borrowings and financing 4,575,877 — 4,575,877 Obligations to FIDC quota holders 975,248 — 975,248 Derivative financial instruments — 209,714 209,714 Other liabilities 144,893 611,279 756,172 26,930,254 820,993 27,751,247 |
Schedule of Class Between Book Value And Fair Value Of The Financial Instruments (Details) | The following table presents an analysis of financial instruments measured at fair values by fair value hierarchy level: 2023 2022 Fair value Hierarchy level Fair value Hierarchy level Assets measured at fair value Short and Long-term investments (a) (b) 3,527,198 I /II 3,668,537 I /II Financial assets from banking solutions (b) 1,147,402 I 3,960,871 I Accounts receivable from card issuers (c) 23,971,232 II 20,741,865 II Trade accounts receivable (d) — N/A 26,866 III Derivative financial instruments (e) 4,182 II 36,400 II 28,650,014 28,434,539 Liabilities measured at fair value Derivative financial instruments (e) 316,171 II 209,714 II Other liabilities (f)(g) 410,504 III 611,279 III 726,675 820,993 (a) Listed securities are classified as Level I and unlisted securities classified as Level II, determining fair value using valuation techniques, which employ the use of market observable inputs. (b) Sovereign bonds are priced using quotations from Anbima public pricing method. (c) For Accounts receivable from card issuers measured at FVOCI, fair value is estimated by discounting future cash flows using market rates for similar items. (d) As of December, 31, 2023, this loan was designated at FVPL with a portfolio gain of R$ 21,534 (2022 - gain of R$ 7,902). The total net cashflow effect was an inflow of R$ 48,400 (2022 - R$ 496,600). The fair value of loans are valued using valuation techniques, which employ the use of market unobservable inputs, and therefore are classified as Level III in the faie value hierarchy. (e) The Group enters into derivative financial instruments with financial institutions with investment grade credit ratings. Derivative financial instruments are valued using valuation techniques, which employ the use of observable market inputs. (f) These are contingent considerations included in Other liabilities arising on business combinations that are measured at FVPL. Fair values are estimated in accordance with pre-determined formulae explicit in the contracts with selling shareholders. The significant unobservable inputs used in the fair value measurement of contingent consideration categorized as Level III of the fair value hierarchy are based on projections of revenue, net debt, number of clients, net margin and the discount rates used to evaluate the liability. (g) The Group issued put options for Reclame Aqui’s non-controlling interests, in the 2022 business combination. For the non-controlling shareholder amounts the Group has elected as an accounting policy that the put options derecognize the non-controlling interests at each reporting date as if it was acquired at that date and recognize a financial liability at the present value of the amount payable on exercise of the non-controlling interests put option. The difference between the financial liability and the non-controlling interests derecognized at each period is recognized as an equity transaction. The amount of R$ 178,721 was recorded in the consolidated statement of financial position as of December 31, 2023 as a financial liability under Other liabilities (2022 - R$ 264,291). As of December 31, 2023 and 2022, there were no transfers between the fair value measurements of Level I and Level II and between the fair value measurements of Level II and Level III. 6.13.2. Fair value of financial instruments not measured at fair value The table below presents a comparison of the book value and fair value of the financial instruments of the Group, other than those with carrying amounts that reasonably approximate fair values: 2023 2022 Book value Fair value Book value Fair value Financial assets Loans operations portfolio 250,747 250,877 — — 250,747 250,877 — — Financial liabilities Accounts payable to clients 19,199,127 18,685,622 16,614,513 16,025,373 Borrowings and financing 5,013,982 4,692,866 4,575,877 4,564,864 24,213,109 23,378,488 21,190,390 20,590,237 |
Schedule of Adjusted Net Cash (Details) | The adjusted net cash as of December 31, 2023 and 2022 was as follows: 2023 2022 Cash and cash equivalents 2,176,416 1,512,604 Short-term investments 3,481,496 3,453,772 Financial assets from banking solutions 6,397,898 3,960,871 Accounts receivable from card issuers 23,977,109 20,748,857 Derivative financial instruments (a) 629 12,418 Adjusted cash 36,033,548 29,688,522 Deposits from banking customers (6,119,455) (4,023,679) Accounts payable to clients (19,199,127) (16,614,513) Borrowings and financing (b) (4,840,299) (4,375,730) Obligations to FIDC quota holders (505,231) (975,248) Derivative financial instruments (316,171) (209,714) Adjusted debt (30,980,283) (26,198,884) Adjusted net cash 5,053,265 3,489,638 (a) Refers to economic hedge of cash and cash equivalents and short-term investments denominated in U.S. dollars; (b) Borrowings and financing exclude the effects of leases liabilities recognized under IFRS 16. |
Other assets (Tables)
Other assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Subclassifications of assets, liabilities and equities [abstract] | |
Schedule of Other Assets [Table Text Block] | 2023 2022 Customer deferred acquisition costs 190,239 199,920 Prepaid expenses (a) 189,371 230,681 Salary advances 52,586 41,294 Judicial deposits 22,507 17,682 Security deposits 14,230 15,011 Convertible loans 10,527 12,328 Other 38,902 54,965 518,362 571,881 Current 380,854 365,355 Non-current 137,508 206,526 (a) These expenditures include, but are not limited to, prepaid software licenses, certain consulting services, insurance premiums and prepaid marketing expenses. |
Recoverable taxes (Tables)
Recoverable taxes (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Recoverable Taxes [abstract] | |
Schedule of Recoverable Taxes | 2023 2022 Withholding income tax on finance income (a) 101,579 87,701 Income tax and social contribution (b) 9,584 9,872 Others withholding income tax 19,710 36,212 Contributions over revenue 544 3,410 Other taxes 14,922 13,761 146,339 150,956 (a) Refers to income taxes withheld on financial income which will be offset against future income tax payable. |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract] | |
Summary of Reconciliation of Income Tax Expense to Profit (Loss) | The following is a reconciliation of income tax expense starting from the reported pretax profit (loss) for the year, applying the combined Brazilian statutory rates of 34%: 2023 2022 2021 Profit (loss) before income taxes 1,970,818 (387,290) (1,445,554) Brazilian statutory rate 34 % 34 % 34 % Tax benefit/(expense) at the statutory rate (670,078) 131,679 491,488 Additions (exclusions): Profit (loss) from entities subject to different tax jurisdiction rates 228,953 48,594 3,931 Profit (loss) from entities subject to different tax rates - Mark to market on equity securities designated at FVPL 10,395 (290,039) (429,832) Other permanent differences (13,715) (10,609) 4,325 Equity pickup on associates (1,421) (1,220) (3,548) Unrecorded deferred taxes (15,966) (33,465) (40,165) Prior years unrecorded deferred taxes 23,057 — — Unrealized gain previously held interest on acquisition — — 6,161 Interest payments on net equity — 560 5,933 Use of tax losses previously unrecorded 1,099 1,292 22,492 Research and development tax benefits 59,155 10,275 4,688 Other tax incentives 8,123 3,827 2,733 Total income tax and social contribution benefit/(expense) (370,398) (139,106) 68,206 Effective tax rate 19 % (36 %) 5 % Current income tax and social contribution (345,813) (292,172) (171,621) Deferred income tax and social contribution (24,585) 153,066 239,827 Total income tax and social contribution benefit/(expense) (370,398) (139,106) 68,206 |
Schedule of Net Changes in Deferred Income Taxes | 2022 Recognized against other comprehensive income Recognized against profit or loss Recognized against goodwill 2023 Assets at FVOCI 215,730 (35,786) — — 179,944 Losses available for offsetting against future taxable income 385,634 — (42,321) — 343,313 Other temporary differences 273,625 — 28,926 — 302,551 Tax deductible goodwill 69,017 — (26,392) — 42,625 Share-based compensation 58,815 — 64,396 — 123,211 Contingencies arising from business combinations 51,313 — (14,993) — 36,320 Assets at FVPL (993) — 993 — — Technological innovation benefit (31,557) — 22,519 — (9,038) Temporary differences under FIDC (147,924) — (76,809) — (224,733) Intangible assets and property and equipment arising from business combinations (693,936) — 19,096 (1,375) (676,215) Deferred tax, net 179,724 (35,786) (24,585) (1,375) 117,978 2021 Recognized against other comprehensive income Recognized against profit or loss Recognized against goodwill 2022 Assets at FVOCI 127,335 88,395 — — 215,730 Losses available for offsetting against future taxable income 317,725 — 67,909 — 385,634 Other temporary differences 107,364 — 166,261 — 273,625 Tax deductible goodwill 111,298 — (42,281) — 69,017 Share-based compensation 41,150 — 17,665 — 58,815 Contingencies arising from business combinations 48,284 — 3,029 — 51,313 Assets at FVPL (4,583) — 3,590 — (993) Technological innovation benefit (18,493) — (13,064) — (31,557) Temporary differences under FIDC (69,556) — (78,368) — (147,924) Intangible assets and property and equipment arising from business combinations (709,943) — 28,325 (12,318) (693,936) Deferred tax, net (49,419) 88,395 153,066 (12,318) 179,724 |
Property and equipment (Tables)
Property and equipment (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Property, plant and equipment [abstract] | |
Estimated Useful Lives of Property, Plant and Equipment | The estimated useful lives for the Property and equipment are as follows: Estimated useful lives (years) Pin Pads & POS 5 IT equipment 3 – 10 Facilities 3 – 14 Property 34 Furniture and fixtures 3 – 10 Machinery and equipment 5 – 14 Vehicles and airplanes 2 – 10 |
Summary of Property and Equipment | Changes in Property and equipment 2022 Additions Disposals (a) Transfers Effects of hyperinflation Effects of changes in foreign exchange rates 2023 Cost Pin Pads & POS 1,948,382 563,884 (152,952) — — — 2,359,314 IT equipment 262,405 51,743 (27,612) 8,754 165 (125) 295,330 Facilities 91,820 2,488 (20,846) 4,669 (68) (469) 77,594 Machinery and equipment 23,521 4,241 (2,702) — (93) (1,017) 23,950 Furniture and fixtures 24,150 1,025 (3,413) 960 (16) (22) 22,684 Vehicles and airplane 27,296 49 (14) — (5) (151) 27,175 Construction in progress 50,320 192 (5,167) (14,383) — — 30,962 Right-of-use assets - Equipment 4,823 64 (7) — — — 4,880 Right-of-use assets - Vehicles 43,794 3,785 (15,603) — — — 31,976 Right-of-use assets - Offices 205,450 29,405 (56,255) — — 554 179,154 2,681,961 656,876 (284,571) — (17) (1,230) 3,053,019 Depreciation Pin Pads & POS (740,468) (455,632) 130,694 — — — (1,065,406) IT equipment (145,406) (53,143) 26,027 — — 5 (172,517) Facilities (37,739) (13,671) 20,618 — — 285 (30,507) Machinery and equipment (18,571) (4,463) 2,495 — — 500 (20,039) Furniture and fixtures (7,054) (2,316) 2,560 — — 12 (6,798) Vehicles and airplane (2,437) (3,123) 51 — — 41 (5,468) Right-of-use assets - Equipment (1,031) (129) 10 — — — (1,150) Right-of-use assets - Vehicles (21,663) (15,988) 14,349 — — — (23,302) Right-of-use assets - Offices (66,414) (36,846) 36,858 — — 467 (65,935) (1,040,783) (585,311) 233,662 — — 1,310 (1,391,122) Property and equipment, net 1,641,178 71,565 (50,909) — (17) 80 1,661,897 (a) Includes Pin Pad & POS derecognized for not being used by customers after a period of time and Cappta spun-off on June 30, 2023. 2021 Additions Disposals Effects of hyperinflation Effects of changes in foreign exchange rates Business combination 2022 Cost Pin Pads & POS 1,498,271 569,895 (119,784) — — — 1,948,382 IT equipment 246,543 19,807 (5,322) — 25 1,352 262,405 Facilities 90,186 5,005 (2,949) (285) (137) — 91,820 Machinery and equipment 25,776 5,445 (11,520) 186 3,610 24 23,521 Furniture and fixtures 24,754 1,123 (1,849) 1 3 118 24,150 Vehicles and airplane 43,586 97 (16,433) 87 (41) — 27,296 Construction in progress 14,078 43,652 (7,410) — — — 50,320 Right-of-use assets - Equipment 4,629 194 — — — — 4,823 Right-of-use assets - Vehicles 31,547 18,171 (5,924) — — — 43,794 Right-of-use assets - Offices 238,329 28,817 (61,314) (211) (171) — 205,450 2,217,699 692,206 (232,505) (222) 3,289 1,494 2,681,961 Depreciation Pin Pads & POS (438,346) (379,442) 77,320 — — — (740,468) IT equipment (95,553) (55,803) 5,968 — (18) — (145,406) Facilities (25,066) (13,497) 726 — 98 — (37,739) Machinery and equipment (17,861) (4,613) 3,792 — 111 — (18,571) Furniture and fixtures (5,516) (2,424) 890 — (4) — (7,054) Vehicles and airplane (2,498) (3,534) 3,593 — 2 — (2,437) Right-of-use assets - Equipment (505) (526) — — — — (1,031) Right-of-use assets - Vehicles (14,187) (13,125) 5,649 — — — (21,663) Right-of-use assets - Offices (48,647) (40,449) 22,682 — — — (66,414) (648,179) (513,413) 120,620 — 189 — (1,040,783) Property and equipment, net 1,569,520 178,793 (111,885) (222) 3,478 1,494 1,641,178 |
Summary of Depreciation and Amortization Expenses | Depreciation and amortization expense has been charged to the consolidated statement of profit or loss as follows: 2023 2022 2021 Cost of services 606,639 529,793 299,240 General and administrative expenses 229,394 226,353 161,331 Selling expenses 42,148 43,879 46,798 Other income (expenses), net — 301 — Depreciation and Amortization charges 878,181 800,326 507,369 Depreciation charge 585,311 513,413 310,630 Amortization charge (Note 11.3) 292,870 286,913 196,739 Depreciation and Amortization charges 878,181 800,326 507,369 |
Intangible assets (Tables)
Intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Intangible Assets [abstract] | |
Disclosure of detailed information about intangible assets [text block] | The useful lives for the intangible assets are presented below: Estimated useful lives (years) Software 3 – 10 Customer relationship 2 – 34.5 Trademarks and patents 7 – 30.9 Non-compete agreement 5 Licenses 1 – 5 |
Summary of Intangible Assets | 2022 Additions Disposals Transfers Effects of hyperinflation Effects of changes in foreign exchange rates Business combination (a) 2023 Cost Goodwill - acquisition of subsidiaries 5,647,421 — — — — (10,358) (2,160) 5,634,903 Customer relationship 1,793,405 6,285 (7,934) — — — 1,940 1,793,696 Trademarks and patents 551,000 1 (2) — — — — 550,999 Software 1,162,311 220,627 (62,862) 23,160 681 (11,323) 2,104 1,334,698 Non-compete agreement 26,024 — — — — — — 26,024 Operating license 5,674 — — — — — — 5,674 Software in progress 66,820 254,664 (23,716) (23,160) — — — 274,608 Right-of-use assets - Software 88,254 34,163 (71,859) — — — — 50,558 9,340,909 515,740 (166,373) — 681 (21,681) 1,884 9,671,160 Amortization Customer relationship (278,032) (70,690) 4,741 — — — — (343,981) Trademarks and patents (10,816) (9,404) 1 — — — — (20,219) Software (337,935) (184,397) 43,581 — — 4,588 — (474,163) Non-compete agreement (7,751) (5,083) — — — — — (12,834) Operating license (6,108) (16) 451 — — — — (5,673) Right-of-use assets - Software (67,935) (23,280) 71,844 — — — — (19,371) (708,577) (292,870) 120,618 — — 4,588 — (876,241) Intangible assets net 8,632,332 222,870 (45,755) — 681 (17,093) 1,884 8,794,919 (a) More details in Note 23.3. 2021 Additions Disposals Transfers Effects of hyperinflation Effects of changes in foreign exchange rates Business combination 2022 Cost Goodwill - acquisition of subsidiaries 5,591,489 — (22,774) — — (12,111) 90,817 5,647,421 Customer relationship 1,747,444 21,075 (4,015) — — (152) 29,053 1,793,405 Trademarks and patents 262,036 — — — — — 288,964 551,000 Software 1,066,470 207,086 (170,997) 17,117 1,754 (4,480) 45,361 1,162,311 Non-compete agreement 26,024 — — — — — — 26,024 Operating license 12,443 — (6,073) — — (696) — 5,674 Software in progress 43,960 43,115 (3,138) (17,117) — — — 66,820 Right-of-use assets - Software 72,463 16,728 (937) — — — — 88,254 8,822,329 288,004 (207,934) — 1,754 (17,439) 454,195 9,340,909 Amortization Customer relationship (217,090) (73,897) 9,650 — — 3,305 — (278,032) Trademarks and patents (6,908) (3,908) — — — — — (10,816) Software (264,399) (174,358) 100,754 — — 68 — (337,935) Non-compete agreement (1,106) (6,645) — — — — — (7,751) Operating license (10,854) (3,801) 6,073 — — 2,474 — (6,108) Right-of-use assets - Software (44,454) (24,304) 823 — — — — (67,935) (544,811) (286,913) 117,300 — — 5,847 — (708,577) Intangible assets, net 8,277,518 1,091 (90,634) — 1,754 (11,592) 454,195 8,632,332 |
Summary of CGU's | : As of October 31, 2023 CGU Description Goodwill allocated Indefinite useful-life intangible assets allocated CGU 1 – Financial services Companies related to financial solutions are included in this CGU. The Group considers these companies as a CGU due to the integrated financial solutions provided by them, as capture, processing, transmission, and financial liquidation of transactions with debit and credit card, among other services. 444,140 14,497 CGU 2 – Software This CGU includes the technology offering new solutions to customers related to the technology platform of the Group. 5,147,296 248,422 CGUs 3 and 4 Composed by other smaller CGUs defined as separate CGUs due to the specific service provided to customers which generate cash flows that are largely independent of the other Group’s CGUs. 44,535 2,962 |
Taxes payable (Tables)
Taxes payable (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Taxes payable [abstract] | |
Schedule of Taxes Payable | 2023 2022 Income tax (IRPJ and CSLL) (a) 366,366 223,764 Contributions over revenue (PIS and COFINS) (b) 76,719 51,065 Withholding income tax 43,238 27,582 Taxes on services (ISS) (b) 13,367 11,702 Withholding taxes from services taken (c) 5,392 6,802 Other taxes and contributions 9,217 8,190 514,299 329,105 (a) Some income from investment funds is only taxed when redemption occurs. Accordingly, on December 31, 2023, the amount of R$ R$ 356,599 (R$ 208,939 on December 31, 2022) was recorded as income tax on an accrual basis. The expense for current income tax is recognized in the statement of profit or loss under "Income tax and social contribution" against tax payable. An advance payment of income tax when due is recognized during the tax year as Recoverable taxes (Note 8). (b) PIS/COFINS and ISS are measured based on the revenues of the Brazilian entities of the Group and are recognized as a deduction to gross revenue. (c) Amount relative to PIS, COFINS, IRPJ and CSLL, withheld from suppliers and paid by the Group on their behalf. These amounts are recognized as a tax liability, with no impact to the statement of profit or loss. |
Transactions with related par_2
Transactions with related parties (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of transactions between related parties [abstract] | |
Summary of Transactions were Carried Out with Related Parties | The following transactions were carried out with related parties: 2023 2022 2021 Sales of services Associates (legal and administrative services) (a) 153 86 23 Entity controlled by management personnel (b) 6 3 10 159 89 33 Purchases of goods and services Entity controlled by management personnel (b) — — (1,531) Associates (transaction services) (c) (3,207) (1,800) (1,119) Service provider — — (440) (3,207) (1,800) (3,090) (a) Related to services provided to Trinks. (b) Related to consulting and management services with Genova Consultoria e Participações Ltda., travel services reimbursed to Zurich Consultoria e Participações Ltda and VCK Investment Fund. (c) Related mainly to expenses paid to Trinks, RH Software, APP and Tablet Cloud for consulting services, marketing expenses, sales commissions and software license to new customer’s acquisition. |
Summary of Balances Outstanding at the End of Reporting Period | The following balances are outstanding at the end of the reporting period in relation to transactions with related parties: 2023 2022 Loans to associate 2,512 3,932 Receivables from related parties 2,512 3,932 Comparative balances have been revised and certain balances due by parties at December 31, 2022 were no longer considered related parties. |
Summary of Compensation Expense | For the years ended December 31, 2023 and 2022, compensation expense was as follows: 2023 2022 2021 Short-term benefits 64,904 45,169 13,621 Share-based payments (Note 20.4) 86,215 64,038 29,332 151,119 109,207 42,953 |
Provision for contingencies (Ta
Provision for contingencies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Provisions [abstract] | |
Schedule Of Nature And Movement Of The Liabilities | The amount, nature and the movement of the liabilities is summarized as follows: Civil Labor Tax Total Balance as of December 31, 2021 15,610 16,383 149,856 181,849 Additions 29,460 8,759 9,491 47,710 Reversals (13,471) (1,654) (13,736) (28,861) Interest 2,030 1,239 16,208 19,477 Payments (8,305) (267) (1,227) (9,799) Balance as of December 31, 2022 25,324 24,460 160,592 210,376 Additions 46,723 38,533 23,607 108,863 Reversals (22,598) (24,624) (55,816) (103,038) Interest 3,846 3,218 19,613 26,677 Payments (17,433) (1,882) (14,697) (34,012) Balance as of December 31, 2023 35,862 39,705 133,299 208,866 14.3.1. Civil lawsuits In general, provisions and contingencies arise from claims related to lawsuits of a similar nature, with individual amounts that are not considered individually significant. The nature of the civil litigations is categorized according to the primary business of the Group. Substantial provisions are summarized in two business domains, namely (i) acquiring, totaling R$ 18,556 as of December 31, 2023 (2022 - R$ 15,082) and (ii) banking, totaling R$ 12,559 as of December 31, 2023 (2022 - R$ 6,355). 14.3.2. Labor claims In the context of Labor Courts, the Group encounters recurrent lawsuits, primarily falling in two categories: (i) labor claims by former employees and (ii) labor claims brought forth by former employees of outsourced companies contracted by the Group. These claims commonly center around issues such as the claimant’s placement in a different trade union and payment of overtime. The initial value of these lawsuits is asserted by the former employees at the commencement of the legal proceeding. |
Schedule of Nature of Liabilities | The Group has the following civil, labor and tax litigation involving risks of loss assessed by management as possible, based on the advice of the legal counsel, for which no provision was recognized: 2023 2022 Civil (a) 50,762 178,809 Labor (a) 2,179 238,523 Tax 181,163 140,658 Total 234,104 557,990 |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Equity [abstract] | |
Schedule of Issuances and Repurchases of Shares | Number of shares Class A Class B Total At December 31, 2021 266,490,063 46,041,185 312,531,248 Conversions 27,292,415 (27,292,415) — Vested awards (a) 342,351 — 342,351 At December 31, 2022 294,124,829 18,748,770 312,873,599 Vested awards (b) 1,373,921 — 1,373,921 At December 31, 2023 295,498,750 18,748,770 314,247,520 (a) In 2022 the Company delivered 226,691 RSUs, through the issuance of shares. Additionally, 115.66 Class A common shares were issued to our founder shareholders, as anti-dilutive shares. (b) In 2023 the Company delivered1,373,921.00 shares, due to vesting of RSUs. |
Schedule of Other Comprehensive Income | 2023 2022 Other comprehensive income (loss) that may be reclassified to profit or loss in subsequent periods (net of tax): Exchange differences on translation of foreign operations (41,266) (18,243) Accounts receivable from card issuers at fair value (348,529) (413,398) Unrealized loss on cash flow hedge (197,188) (261,366) Other comprehensive income (loss) that will not be reclassified to profit or loss in subsequent periods (net of tax): Fair value of equity instruments designated at fair value 254,353 252,441 Effects of hyperinflationary accounting 12,181 7,865 Total (320,449) (432,701) |
Earnings (loss) per share (Tabl
Earnings (loss) per share (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Earnings per share [abstract] | |
Disclosure of Determining the Numerator of Basic EPS | 2023 2022 2021 Net income (loss) attributable to controlling shareholders 1,592,065 (519,417) (1,358,813) Numerator of basic EPS 1,592,065 (519,417) (1,358,813) In determining the numerator of diluted EPS, earnings attributable to the Group is allocated as follows: 2023 2022 2021 Numerator of basic EPS 1,592,065 (519,417) (1,358,813) Adjustments for expenses (revenues) related to potential common shares included in the net income attributable to controlling shareholders (a) (79,062) — — Numerator of diluted EPS 1,513,003 (519,417) (1,358,813) The following table contains the earnings (loss) per share of the Group for the years ended December 31, 2023, 2022 and 2021 (in thousands except share and per share amounts): 2023 2022 2021 Numerator of basic EPS 1,592,065 (519,417) (1,358,813) Weighted average number of outstanding shares 312,574,647 311,880,008 308,905,398 Weighted average number of contingently issuable shares with conditions satisfied 12,941 — — Denominator of basic EPS 312,587,588 311,880,008 308,905,398 Basic earnings (loss) per share - R$ 5.09 (1.67) (4.40) Numerator of diluted EPS 1,513,003 (519,417) (1,358,813) Denominator of basic EPS 312,587,588 311,880,008 308,905,398 Share-based instruments (a) (Note 16.3.1) 6,679,569 — — Denominator of diluted EPS 319,267,157 311,880,008 308,905,398 Diluted earnings (loss) per share - R$ 4.74 (1.67) (4.40) (a) Including share-based compensation, contingent consideration and non-compete agreement with founders of Linx. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding, considering potentially convertible instruments. However, due to the loss for the years ended December 31, 2022 and 2021, these instruments issued have a non-diluting effect, therefore, they were not considered in the total number of outstanding shares to determine the diluted loss per share. |
Schedule of Detail of potentially issuable common shares for purposes of Diluted EPS | 2023 Shares issuable under share-based payment plans for which performance conditions have already been met 13,578,978 Total weighted average shares that could have been purchased: compensation expense to be recognized in future periods divided by the weighted average market price of Company’s shares (8,944,168) Other total weighted average shares potentially issuable for no additional consideration 2,044,759 Share-based instruments 6,679,569 |
Revenue and income (Tables)
Revenue and income (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Revenue [abstract] | |
Summary of Sales Revenues Subject to Taxes and Contributions | Sales revenues in Brazil are subject to taxes and contributions, at the following statutory rates: Rate Transaction activities and other services Subscription services and equipment rental Financial income Contribution on gross revenue for social integration program (“PIS”) (a) 0.65% - 1.65% 0.65% - 1.65% 0.65% Contribution on gross revenue for social security financing (“COFINS”) (a) 3.00% - 7.60% 3.00% - 7.60% 4.00% Taxes on service (“ISS”) (b) 2.00% - 5.00% 2.00% - 5.00%, — Social security levied on gross revenue (“INSS”) (c) 4.50% — — (a) PIS and COFINS are contributions levied by the Brazilian Federal government on gross revenues. These amounts are invoiced to and collected from the Group’s customers and recognized as deductions to gross revenue (Note 17.3) against tax liabilities, the Company acts as the tax withholding agents on behalf of the tax authorities. PIS and COFINS paid on certain purchases may be claimed back as tax credits to offset PIS and COFINS payable. These amounts are recognized as Recoverable taxes (Note 8) and are offset on a monthly basis against Taxes payable (Note 12) and presented net, as the amounts are due to the same tax authority. (b) ISS is a tax levied by municipalities on revenues from the provision of services. ISS tax is added to amounts invoiced to the Group’s customers for the services the Group renders. These are recognized as deductions to gross revenue (Note 17.3 ) against tax liabilities, as the Company acts as agent collecting these taxes on behalf of municipal governments. The rates may vary from 2.00% to 5.00%. The ISS stated in the table is applicable to the city of São Paulo and refers to the rate most commonly levied on the Group’s operations. (c) |
Expenses by nature (Tables)
Expenses by nature (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Expenses by nature [abstract] | |
Summary of expenses by nature | 2023 2022 2021 Personnel expenses (Note 20.3) 2,731,089 2,508,567 1,489,245 Transaction and client services costs (a) 1,279,366 1,069,082 810,219 Depreciation and amortization (Note 10.4) 878,181 800,326 507,369 Marketing expenses and sales commissions (b) 772,910 632,137 420,818 Third party services 261,281 332,081 305,517 Mark-to-market on equity securities designated at FVPL (Note 6.3 (b) ) (30,574) 853,056 1,264,213 Other 188,288 262,658 192,439 Total 6,080,541 6,457,907 4,989,820 (a) Transaction and client services costs include card transaction capturing services, card transaction and settlement processing services, logistics costs, payment scheme fees, cloud services and other costs. (b) |
Financial expenses, net (Tables
Financial expenses, net (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Analysis of income and expense [abstract] | |
Schedule of Financial expenses,net | 2023 2022 2021 Finance cost of sale of receivables (Note 22.4) 3,195,130 2,463,298 690,344 Bonds (Note 6.8.2 e 6.9.1) 402,231 385,681 118,560 Other interest on borrowings and financing (Note 6.8.2) 293,210 548,009 381,916 Foreign exchange (gains) and losses (13,580) (3,958) (4,368) Other 122,474 121,709 82,606 Total 3,999,465 3,514,739 1,269,058 |
Employee benefits (Tables)
Employee benefits (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Classes of employee benefits expense [abstract] | |
Employee benefits expenses | 2023 2022 2021 Wages and salaries 1,923,480 1,727,760 1,055,959 Social security costs 335,081 353,789 258,488 Profit-sharing and annual cash bonus 221,289 213,942 61,629 Share-based payments 251,239 213,076 113,169 2,731,089 2,508,567 1,489,245 |
Share-based payment plans | Equity RSU PSU Options Total Number of shares Balance as of December 31, 2021 6,585,148 4,070,000 32,502 10,687,650 Granted 6,171,570 4,606,897 12,657 10,791,124 Issued (700,092) — — (700,092) Cancelled (549,405) (1,356,530) — (1,905,935) Balance as of December 31, 2022 11,507,221 7,320,367 45,159 18,872,747 Granted 5,293,655 1,141,273 — 6,434,928 Issued (2,149,169) — — (2,149,169) Cancelled (2,222,150) (156,592) — (2,378,742) Balance as of December 31, 2023 12,429,557 8,305,048 45,159 20,779,764 |
Information about share-based payment plans | he restricted shares is summarized below (amounts in R$): RSU Granted year Vesting period Weighted average fair value (a) Weighted average remaining expected life (years) Number of Outstanding Awards 2018 (b) From 4 to 10 years of service R$ 88.80 2.0 1,507,070 2019 From 5 to 10 years of service R$ 136.08 1.4 12,997 2020 From 5 to 10 years of service R$ 163.18 4.1 180,012 2021 From 1 to 10 years of service R$ 348.49 4.9 1,153,100 2022 From 1 to 10 years of service R$ 49.56 2.3 5,659,123 2023 From 1 to 9 years of service R$ 52.22 2.8 3,917,255 12,429,557 (a) Determined based on the fair value of the equity instruments granted and the exchange rate, both at the grant date. (b) All performance conditions related with this grant were already satisfied. |
Performance share units | PSU Granted year Vesting conditions Weighted average fair value Volatility Risk-free rate Weighted average remaining expected life (years) Number of Outstanding Awards 2021 5 years of service and achievement of a specified TSR R$ 26.74 71.8% 0.82% 2.4 2,849,000 2022 From 2 to 5 years of service and achievement of a specified TSR R$ 2.71 76.5% to 83.3% 2.18%to 4.34% 2.7 4,602,578 2023 From 1.4 to 5.3 years of service and achievement of a specified TSR R$ 4.06 73.8% to 83.4% 3.95% to 5.60% 2.9 853,470 8,305,048 |
Information about Options | stock options is summarized as follows (amounts in R$ and in USD): Options Granted year Vesting period Weighted average fair value Volatility Remaining expected life (years) Exercisable at year end Exercise price Number of Outstanding Awards 2018 From 5 to 10 years of service R$ 59.59 50.00 % 0.5 to 5.5 12,657 USD 24.00 39,999 2019 From 3 to 5 years of service R$ 81.71 69.80 % 1.5 1,935 USD 30.00 5,160 45,159 |
Labor and social security liabilities | 2023 2022 Accrued annual payments and related social charges 435,915 398,891 Labor liabilities and related social charges 114,135 105,550 Total labor and social security liabilities 550,050 504,441 Current 515,749 468,599 Non-current 34,301 35,842 |
Transactions with non-control_2
Transactions with non-controlling interests (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Non Controlling Interests [abstract] | |
Schedule of Effects of Transactions With Non-controlling Interests on Equity Attributable to Owners of Parent | The main transactions of non-controlling interests with the controlling shareholders were: Changes in non-controlling interest Capital contributions (deductions) by non-controlling interests Transfers to (from) non-controlling interests Changes in equity attributable to controlling shareholders Consideration paid or payable to non-controlling interests Transactions between subsidiaries and shareholders: Issuance of shares for purchased noncontrolling interests (a) (230,500) (77,911) 308,411 230,500 Capital contribution to subsidiary 893 — — — Sale of subsidiary (b) — (1,220) — (1,220) Non-controlling interests arising on a business combination (c) — 50,252 — — For the year ended December 31, 2021 (229,607) (28,879) 308,411 229,280 Transactions between subsidiaries and shareholders: Transaction costs from subsidiaries (60) — — — Equity transaction with non-controlling interests (d) — (20,928) — 2,829 Non-controlling interests arising on a business combination (e) — 3,849 — — For the year ended December 31, 2022 (60) (17,079) — 2,829 Transactions between subsidiaries and shareholders: Equity transaction with non-controlling interests — 49 — — Equity transaction related to put options over non-controlling interest — (3,904) — — For the year ended December 31, 2023 — (3,855) — — (a) On January 28, 2021, the Group acquired all the non-controlling interest in PDCA held by Bellver Fundo de Investimento Multimercado Crédito Privado Investimento no Exterior (“Bellver”). The transaction executed through a purchase and sale of shares, where Bellver agreed to acquire 1,313,066 STNE Participações S.A. shares paid part in cash in the amount of R$230,500 and part by the delivering of their PDCA shares. The number of STNE Participações S.A. shares delivered to Bellver was based on STNE Participações S.A. volume-weighted average trading price of the 30 days preceding the signing of a memorandum of understanding (“MOU”) between the parties on December 8th, 2020. (b) On June 28, 2021, the Group sold all of the 4,205,115 Linked Gourmet Soluções para Restaurante S.A. (“Linked Gourmet”) shares held by it, representing 58.10% of the total and voting capital, for the total price of R$1, thus withdrawing from Linked Gourmet’s shareholder group. The amount of R$1,219 refers to the 41.9% held by non-controlling shareholders. (c) Arising from the business combination among the Group and: SimplesVet – R$12,424, VHSYS – R$19,858, Questor – R$8,233, Sponte – R$1,765, Creditinfo Caribbean - R$5,505 and MLabs – R$2,465. (d) On October 18, 2022, the Group lost control of its subsidiary StoneCo CI following a capital contribution by a new investor. The remaining interest of 47.75% held by the Group on StoneCo CI is classified as an investment in an associate according to IAS 28. As result of the loss of control, in accordance with IFRS 10, the Group derecognized the assets and liabilities of StoneCo CI. The amount of R$20,928 refers to shares held by non-controlling shareholders. On September 20, 2022, STNE Par fully acquired the non-controlling interest held by Sponte. The amount of R$2,829 refers to shares held by non-controlling shareholders. (e) Arising from the business combination Reclame Aqui and Hubcount. |
Other disclosures on cash flo_2
Other disclosures on cash flows (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Other disclosures on cash flows [abstract] | |
Summary of Other Disclosures on Cash Flows | 22.1. Non-cash operating activities 2023 2022 2021 Fair value adjustment on loans designated at FVPL (127,137) (326,491) (1,306,205) Fair value adjustment on equity securities designated at FVPL (Note 6.3 (b) ). 30,574 (853,056) (1,264,213) Fair value adjustment in financial instruments designated at FVPL (96,563) (1,179,547) (2,570,418) Changes in the fair value of accounts receivable from card issuers (98,283) 253,181 303,156 Fair value adjustment on equity instruments/listed securities designated at FVOCI 1,912 (6,971) 216,465 22.2. Non-cash investing activities 2023 2022 2021 Property and equipment and intangible assets acquired through lease (Note 10.3 and 11.3) 67,417 63,910 92,802 22.3. Non-cash financing activities 2023 2022 2021 Unpaid consideration for acquisition of non-controlling shares 725 1,498 1,823 Settlement of loans with private entities — — 748,297 Shares of the Company delivered at Reclame Aqui acquisition — 169,864 — 22.4. Interest income received, net of costs 2023 2022 2021 Interest income received on accounts payable to clients 5,962,063 4,521,948 2,269,214 Finance cost of sale of receivables on accounts receivable from card issuers (Note 19) (3,195,130) (2,463,298) (690,344) Interest income received, net of costs 2,766,933 2,058,650 1,578,870 22.5. Property and equipment, and intangible assets 2023 2022 2021 Additions of property and equipment (Note 10.3) (656,876) (692,206) (1,086,113) Additions of right of use (IFRS 16) (Note 10.3) 33,254 47,182 87,176 Payments from previous year (176,835) (51,614) (33,353) Purchases unpaid at year end 65,348 176,835 51,614 Prepaid purchases of POS (1,135) 102,070 (102,314) Purchases of property and equipment (736,244) (417,733) (1,082,990) Additions of intangible assets (Note 11.3) (515,740) (288,004) (264,646) Additions of right of use (IFRS 16) (Note 11.3) 34,163 16,728 5,626 Payments from previous year (6,593) (41,898) — Purchases unpaid at year end 14,117 6,593 41,898 Capitalization of borrowing costs — 1,069 592 Issuance of shares for acquisition of assets — — 849 Purchases and development of intangible assets (474,053) (305,512) (215,681) Net book value of disposed assets (Notes 10.3 and 11.3) 96,664 202,519 161,902 Net book value of disposed Leases (21,225) (52,164) (14,474) Loss on disposal of property and equipment and intangible assets (66,200) (25,347) (136,104) Disposal of Creditinfo property, equipment and intangible assets, including goodwill — (61,316) — Disposal of Linked's property, equipment and intangible assets, including goodwill — — (11,224) Disposal of Cappta property, equipment and intangible assets 1,767 — — Outstanding balance (10,470) (36,684) — Proceeds from disposal of property and equipment and intangible assets 536 27,008 100 |
Business combinations (Tables)
Business combinations (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Combinations of Business [Abstract] | |
Schedule of Business Combinations | Fair value Preliminary amounts Adjustments Final amounts Cash and cash equivalents 36 — 36 Trade accounts receivable 235 — 235 Recoverable taxes 42 — 42 Property and equipment 205 — 205 Intangible assets - Customer relationship (a) — 1,940 1,940 Intangible assets - Software (a) — 2,104 2,104 Other assets 460 — 460 Total assets 978 4,044 5,022 Trade accounts payable 79 — 79 Labor and social security liabilities 313 — 313 Taxes payable 41 — 41 Deferred tax liabilities — 1,375 1,375 Other liabilities 87 — 87 Total liabilities 520 1,375 1,895 Net assets and liabilities (b) 458 2,669 3,127 Consideration paid (Note 23.3.3) 10,615 509 11,124 Goodwill 10,157 (2,160) 7,997 (a) The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship, and software as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 23.3.2. (b) The net assets recognized in the December 31, 2022 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by Hubcount. The valuation had not been completed by the date the 2022 financial statements were approved for issue by the Board of Directors. In the first quarter of 2023, the valuation was completed. |
Schedule of Intangible Assets | The assumptions used in the measurement of fair value of intangible assets identified in the business combination are as below. 23.3.2.1. Customer relationship Hubcount Amount 1,940 Method of evaluation MEEM (*) Estimated useful life (a) 7 years, 2 months Discount rate (b) 15.3% Source of information Acquirer’s management internal projections (*) Multi-Period Excess Earnings Method (“MEEM”) (a) Useful lives were estimated based on internal benchmarks. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 23.3.2.2. Software Hubcount Amount 2,104 Method of evaluation Relief from royalties Estimated useful life (a) 5 years Discount rate (b) 15.3% Source of information Historical data (a) Useful lives were estimated based on internal benchmarks. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. |
Schedule of Fair Value of Consideration Paid | The consideration paid on business combination comprises the following values, if any: (i) consideration transferred, (ii) non-controlling interest in the acquiree and (iii) fair value of the acquirer’s previously held equity interest in the acquiree. The consideration paid in the preliminary and the final assessments is presented as follows. 23.3.3.1. Hubcount Preliminary amounts Adjustments Final amounts Cash consideration paid to the selling shareholders 7,500 — 7,500 Cash consideration to be paid to the selling shareholders 3,000 (341) 2,659 Call option — (1,534) (1,534) Non-controlling interest in the acquiree 115 667 782 Contingent consideration (a) — 1,717 1,717 Total 10,615 509 11,124 (a) Refers to contingent consideration that may be paid in 2024, based on predetermined formulae which consider mainly the net revenue of Hubcount for 2023. |
Segment information (Tables)
Segment information (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Operating Segments [Abstract] | |
Income statement and balance sheet position for operating segments | 2023 Financial Services Software Non allocated Total revenue and income 10,495,422 1,492,206 67,375 Cost of services (2,309,021) (670,878) (2,859) Administrative expenses (729,204) (290,494) (32,676) Selling expenses (1,373,202) (304,448) (20,626) Financial expenses, net (3,902,800) (50,383) (930) Other income (expenses), net (383,150) (25,652) (481) Total adjusted expenses (8,697,377) (1,341,855) (57,572) Loss on investment in associates (4,608) 446 (17) Adjusted profit before income taxes 1,793,437 150,797 9,786 Income taxes and social contributions (356,803) (36,953) (2,768) Adjusted net income for the year 1,436,634 113,844 7,018 2022 Financial Services Software Non allocated Total revenue and income 8,083,548 1,419,841 85,555 Cost of services (1,987,522) (670,154) (12,076) Administrative expenses (640,772) (314,267) (39,666) Selling expenses (1,245,266) (245,071) (20,903) Financial expenses, net (3,426,148) (56,176) (1,067) Other income (expenses), net (296,785) (18,267) (24,659) Total adjusted expenses (7,596,493) (1,303,935) (98,371) Loss on investment in associates (409) (1,355) (1,825) Adjusted profit (loss) before income taxes 486,646 114,551 (14,641) Income taxes and social contributions (124,857) (49,811) (1,352) Adjusted net income (loss) for the year 361,789 64,740 (15,993) Additional information: Share-based compensation, net of tax 112,772 2,124 101 Bond expenses 80,559 — — Previously reported adjusted net income (loss) for the year (as reported in the year) 555,120 66,864 (15,892) 2021 Financial Services Software Non allocated Total revenue and income 4,090,995 686,267 46,499 Cost of services (1,328,281) (370,854) (14,693) Administrative expenses (439,683) (180,819) (24,314) Selling expenses (887,009) (114,591) (10,944) Financial expenses, net (1,209,830) (36,936) (58) Other income (expenses), net (171,185) (10,016) (3,878) Total adjusted expenses (4,035,988) (713,216) (53,887) Loss on investment in associates (941) (48) (9,448) Adjusted profit (loss) before income taxes 54,066 (26,997) (16,836) Income taxes and social contributions 39,413 (7,061) (2,557) Adjusted net income (loss) for the year 93,479 (34,058) (19,393) Additional information: Share-based compensation, net of tax 44,691 12 — Bond expenses 118,560 — — Previously reported adjusted net income (loss) for the year (as reported in the year) 256,730 (34,046) (19,393) |
Disclosure of reconciliation of segment adjusted net income loss | 2023 2022 2021 Adjusted net income – Financial Services 1,436,634 361,789 93,479 Adjusted net income (loss) – Software 113,844 64,740 (34,058) Adjusted net income (loss) – Non allocated 7,018 (15,993) (19,393) Segment adjusted net income 1,557,496 410,536 40,028 Adjustments from adjusted net income to consolidated net income (loss) Mark-to-market from the investment in Banco Inter 30,574 (853,056) (1,264,213) Amortization of fair value adjustment (a) (92,399) (138,601) (89,100) Gain on previously held interest in associate — — 15,848 Other expenses (b) 78,623 17,810 (118,323) Tax effect on adjustments 26,126 36,915 38,412 Consolidated net income (loss) 1,600,420 (526,396) (1,377,348) (a) Related to acquisitions. Consists of expenses resulting from the changes in the fair value adjustments as a result of the application of the acquisition method. (b) Consists of the fair value adjustment related to associates call option, M&A and, earn-out interests related to acquisitions, loss of control of subsidiaries and reversal of litigation of Linx. As mentioned above, Bond issuance expenses was part of the criteria from adjusted net income used up to December 31, 2022, The effect in Adjusted net income of no longer excluding Bond issuance expenses from January 1, 2022 to December 31, 2022 amounts to R$ 80,559 (2021 - R$ 118,560). |
Operations - Additional Informa
Operations - Additional Information (Details) R$ in Thousands | Dec. 31, 2023 $ / shares | Dec. 31, 2023 BRL (R$) shares | Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | Dec. 31, 2020 BRL (R$) | Aug. 12, 2020 $ / shares |
Disclosure of joint operations [line items] | ||||||
Number of shares authorized (in shares) | shares | 630,000,000 | |||||
Par value per share (in dollars per share) | $ / shares | $ 0.000079365 | |||||
Retained earnings (accumulated losses) | R$ 1168862 | R$ 423203 | ||||
Recoverable taxes | 146,339 | 150,956 | ||||
Current assets | 37,152,601 | 30,659,203 | ||||
Deferred tax assets | 664,492 | 679,971 | ||||
Intangible assets | 8,794,919 | 8,632,332 | R$ 8277518 | |||
Non-current assets | 11,540,960 | 11,586,237 | ||||
Assets | 48,693,561 | 42,245,440 | ||||
Deferred tax liabilities | 546,514 | 500,247 | ||||
Other liabilities | 410,504 | 610,567 | ||||
Non-current liabilities | 4,874,855 | 4,121,277 | ||||
Liabilities | 34,017,601 | 29,295,416 | ||||
Capital reserve | 14,056,484 | 13,818,819 | ||||
Equity attributable to owners of parent | 14,622,264 | 12,893,906 | ||||
Non-controlling interests | 53,696 | 56,118 | ||||
Equity | 14,675,960 | 12,950,024 | R$ 13627220 | R$ 14992025 | ||
Equity and liabilities | R$ 48693561 | R$ 42245440 | ||||
Class B common stock | HR Holdings LLC | ||||||
Disclosure of joint operations [line items] | ||||||
Percentage of equity interest acquired | 31% | |||||
Class A common stock | ||||||
Disclosure of joint operations [line items] | ||||||
Par value per share (in dollars per share) | $ / shares | $ 0.000079365 |
General accounting policies - A
General accounting policies - Additional Information (Details) R$ in Thousands | 12 Months Ended |
Dec. 31, 2023 BRL (R$) | |
Disclosure of significant accounting policies [line items] | |
Leases of low-value assets | R$ 5000 |
Globo Group | |
Disclosure of significant accounting policies [line items] | |
Short-term lease agreement. | 12 months |
General accounting policies - S
General accounting policies - Summary of Depreciation Method of Right of Use Assets (Details) | 12 Months Ended |
Dec. 31, 2023 | |
Right of use assets offices [Member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 1 year |
Right of use assets offices [Member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 10 years |
Right of use assets vehicles [Member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 1 year |
Right of use assets vehicles [Member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 3 years |
Right of Use Assets - Equipment [Member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 1 year |
Right of Use Assets - Equipment [Member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 10 years |
Software [Member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 1 year |
Software [Member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 3 years |
General accounting policies -_2
General accounting policies - Schedule of Classification of Financial Assets Under IFRS9 (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of detailed information about financial instruments [line items] | ||
Accounts receivable from card issuers | R$ 23895512 | R$ 20694523 |
Current trade receivables | 459,947 | 484,722 |
Other current receivables | 380,854 | 365,355 |
Short-term | 3,481,496 | 3,453,772 |
Assets | 48,693,561 | 42,245,440 |
Accounts payable to clients | 19,199,127 | 16,614,513 |
Trade accounts payable | 513,877 | 596,044 |
Current borrowings and current portion of non-current borrowings | 1,374,766 | 1,847,407 |
Obligations to FIDC quota holders | 505,231 | 975,248 |
Other liabilities | 119,526 | 145,605 |
Liabilities | R$ 34017601 | R$ 29295416 |
General accounting policies -_3
General accounting policies - Summary of Initial Adoption of IFRS 9 (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Initial Adoption IFRS 9 [line items] | |||
Beginning balance | R$ 12950024 | R$ 13627220 | R$ 14992025 |
Ending balance | 14,675,960 | 12,950,024 | 13,627,220 |
Retained earnings | |||
Disclosure Of Initial Adoption IFRS 9 [line items] | |||
Beginning balance | (423,203) | 96,214 | 1,455,027 |
Ending balance | 1,168,862 | (423,203) | 96,214 |
Total | |||
Disclosure Of Initial Adoption IFRS 9 [line items] | |||
Beginning balance | 12,893,906 | 13,536,446 | 14,853,462 |
Ending balance | 14,622,264 | 12,893,906 | 13,536,446 |
Non-controlling interests | |||
Disclosure Of Initial Adoption IFRS 9 [line items] | |||
Beginning balance | 56,118 | 90,774 | 138,563 |
Ending balance | R$ 53696 | R$ 56118 | R$ 90774 |
Group information - Consolidati
Group information - Consolidation of structured entities (Details) | 12 Months Ended |
Dec. 31, 2023 | |
FIDC TAPSO [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 99% |
FIDC TAPSO [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC TAPSO II [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC TAPSO II [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC SOMA [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC SOMA [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC SOMA III [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC SOMA III [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIC FIM STONECO [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIC FIM STONECO [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC ACR I [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 97% |
FIDC ACR I [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC ACR III [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC ACR III [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC ACR V [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC ACR V [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC ACR VI [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC ACR VI [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC ACR FAST | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 97% |
FIDC ACR FAST | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
Group information - Summary of
Group information - Summary of Financial Statements of Subsidiaries and Structured Entities (Details) - BRL (R$) | 1 Months Ended | 12 Months Ended | ||
Jun. 28, 2021 | Jun. 30, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
Stone Pagamentos S.A. [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Merchant acquiring | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
MNLT Soluesde Pagamentos [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Merchant acquiring | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Pagar.me Pagamentos S.A. [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Merchant acquiring | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Stone Cartões | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Merchant acquiring | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Linx Pay Meios de Pagamento Ltda. (“Linx Pay”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Merchant acquiring | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Stone sociedade de crédito direto sa stone scd [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Financial services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
TAG Tecnologia para o Sistema Financeiro S.A. [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Financial assets register | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
MLabs Software S.A. (“MLabs”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 51.50% | 51.50% | ||
Equals SA [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 0% | 100% | ||
Questor Sistemas S.A (“Questor”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 50% | 50% | ||
Sponte Informática S.A ("Sponte") | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 0% | 100% | ||
SimplesVet Tecnologia S.A. (“SimplesVet”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 50% | 50% | ||
VHSYS Sistema de Gestão S.A. (“VHSYS”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 50% | 50% | ||
Trampolin Pagamentos S.A. (“Trampolin”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 0% | 100% | ||
Linx S.A. (“Linx”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Linx Sistemas e Consultoria Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Linx Telecomunicações Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Napse S.R.L. (“Napse Group”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Napse Uruguay | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Sociedad Ingenería de Sistemas Napse I.T. de Chile Limitada (“Napse Group”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Synthesis IT Peru S.A.C. (“Napse Group”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Synthesis Holding LLC. (“Napse Group”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Synthesis US LLC (“Napse Group”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Retail Americas Sociedad de Responsabilidad Limitada de Capital Variable | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Synthesis IT de México Sociedad de Responsabilidad Limitada de Capital Variable (“Napse Group”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Hiper Software S.A. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Reclame Aqui LLC | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 50% | 50% | ||
Obvio Brasil Software | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 50% | 50% | ||
O Mediador Tecnologia da Informação | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 50% | 50% | ||
Reclame Aqui Marcas e Servicos | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 50% | 50% | ||
Hubcount Tecnologia | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 75.60% | 75.60% | ||
Buy 4 Processamento de Pagamentos S.A.[member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Processing card transactions | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Buy 4 sub limited liabilty company [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Cloud store card transactions | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Vitta corretora de seguros ltda. vitta group [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Insurance services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Stone seguros sa stone seguros [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Vitta tecnologia em saúde sa vitta group [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Health services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Vitta serviços em saúde ltda vitta group [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Health services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Vitta saúde administradora em benefícios ltda vitta group [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Health services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
StoneCo Pagamentos UK Ltd. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Service provider | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Stone Logistica Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Logistic services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Stone Franchising Ltda. [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Franchising management | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Cappta S.A. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Electronic fund transfer | |||
Proportion of ownership interest in subsidiary | 0% | 59.60% | ||
Ametista Servicos Digitais Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Electronic fund transfer | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Esmeralda Serviços Digitais Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Electronic fund transfer | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Diamante Serviços Digitais Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Electronic fund transfer | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Safira Serviços Digitais Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Electronic fund transfer | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
TAPSO FIDC [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 0% | 100% | ||
TAPSO FIDC II [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
FIDC bancos emissores de cartão de crédito - stone iii fidc ar iii [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Soma fidc fidc soma [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Soma iii fidc fidc soma iii [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Stoneco exclusivo fic fim fic fim stoneco [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Retail Renda Fixa Crédito Privado Fundo de Investimento (“Retail Renda Fixa”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 0% | 100% | ||
Mpb capital limited liabilty company [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment company | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
DLP Capital Limited Liabilty Company [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
DLP Par Participacoes S.A. [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Reclame Aqui Holding | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 50% | 50% | ||
STNE Participacoes S.A. [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Stne participacoes em tecnologia sa stne par tec [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Vittapar llc vitta group [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Stone Holding Instituições S.A. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Linked Gourmet | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of shares issued (in shares) | 4,205,115 | |||
Percentage of voting rights held by non-controlling interests | 58.10% | |||
Proceeds from sale of shares | R$ 1 | |||
STEF S.A | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | 0% | |
FIDC ACR I [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 0% | ||
FIDC ACR III [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 0% | ||
FIDC ACR V [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 0% | ||
FIDC ACR VI [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 0% | ||
FIDC ACR FAST | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 0% | ||
FIDC ACR FAST | Associates | ||||
Disclosure of detailed information about business combination [line items] | ||||
Proportion of ownership interest in subsidiary | 100% | |||
STNE Investimentos S.A. [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 0% | ||
Equals Software S.A. [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 0% |
Group information - Summary o_2
Group information - Summary of Associates (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |||
Aug. 01, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of associates [line items] | ||||
Payments from changes in ownership interests in subsidiaries that do not result in loss of control | R$ 1440 | R$ 325 | R$ 1265 | |
Alpha logo servicos de informatica sa tablet cloud [Member] | ||||
Disclosure of associates [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in associate | 25% | 25% | ||
Trinks servicos de internet sa [Member] | ||||
Disclosure of associates [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in associate | 19.90% | 19.90% | ||
Delivery Much Tecnologia S.A. ("Delivery Much") | ||||
Disclosure of associates [line items] | ||||
Description of nature of entity's operations and principal activities | Food delivery marketplace | |||
Proportion of ownership interest in associate | 29.49% | 29.49% | ||
APP Sistemas S.A. ("APP") | ||||
Disclosure of associates [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in associate | 19.90% | 20% | ||
Neostore Desenvolvimento de Programas de Computador | ||||
Disclosure of associates [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in associate | 40.02% | 40.02% | ||
RH Software | ||||
Disclosure of associates [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in associate | 20% | 20% | ||
Creditinfo Jamaica Ltd (“Creditinfo Caribbean”) | ||||
Disclosure of associates [line items] | ||||
Description of nature of entity's operations and principal activities | Credit bureau services | |||
Proportion of ownership interest in associate | 0% | 47.75% | ||
Creditinfo Guyana Inc (“Creditinfo Caribbean”) | ||||
Disclosure of associates [line items] | ||||
Description of nature of entity's operations and principal activities | Credit bureau services | |||
Proportion of ownership interest in associate | 0% | 47.75% | ||
Creditadvice Barbados Ltd (“Creditinfo Caribbean”) | ||||
Disclosure of associates [line items] | ||||
Description of nature of entity's operations and principal activities | Credit bureau services | |||
Proportion of ownership interest in associate | 0% | 47.75% | ||
Creditinfo ECCU | ||||
Disclosure of associates [line items] | ||||
Description of nature of entity's operations and principal activities | Credit bureau services | |||
Proportion of ownership interest in associate | 0% | 47.75% | ||
StoneCo CI Ltd (“Creditinfo Caribbean”) [Member] | ||||
Disclosure of associates [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in associate | 0% | 47.75% | ||
Agilize Tecnologia S.A. | ||||
Disclosure of associates [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in associate | 33.33% | 33.33% | 0% | |
Payments from changes in ownership interests in subsidiaries that do not result in loss of control | R$ 8523 |
Group information - Additional
Group information - Additional Information (Details) - BRL (R$) R$ in Thousands | 1 Months Ended | 12 Months Ended | |||
Aug. 01, 2023 | Jun. 30, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about business combination [line items] | |||||
Payments from changes in ownership interests in subsidiaries that do not result in loss of control | R$ 1440 | R$ 325 | R$ 1265 | ||
Agilize Tecnologia S.A. | |||||
Disclosure of detailed information about business combination [line items] | |||||
Payments from changes in ownership interests in subsidiaries that do not result in loss of control | R$ 8523 | ||||
Hubcount Tecnologia | |||||
Disclosure of detailed information about business combination [line items] | |||||
Group's equity interest | 75.60% | 75.60% | |||
Questor Sistemas S.A (“Questor”) | |||||
Disclosure of detailed information about business combination [line items] | |||||
Group's equity interest | 50% | 50% | |||
STEF S.A | |||||
Disclosure of detailed information about business combination [line items] | |||||
Group's equity interest | 100% | 100% | 0% | ||
Cappta S.A. | |||||
Disclosure of detailed information about business combination [line items] | |||||
Group's equity interest | 0% | 59.60% | |||
FIDC ACR FAST | |||||
Disclosure of detailed information about business combination [line items] | |||||
Group's equity interest | 100% | 0% | |||
FIDC ACR FAST | Associates | |||||
Disclosure of detailed information about business combination [line items] | |||||
Group's equity interest | 100% |
Cash and cash equivalents - Sum
Cash and cash equivalents - Summary of Cash and Cash Equivalents (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of cash and cash equivalents [line items] | ||||
Cash and cash equivalents | R$ 2176416 | R$ 1512604 | R$ 4495645 | R$ 2446990 |
Denominated in R$ | ||||
Disclosure of cash and cash equivalents [line items] | ||||
Cash and cash equivalents | 2,128,425 | 1,388,616 | ||
Denominated in US$ | ||||
Disclosure of cash and cash equivalents [line items] | ||||
Cash and cash equivalents | 47,991 | 123,959 | ||
Denominated in other foreign currencies | ||||
Disclosure of cash and cash equivalents [line items] | ||||
Cash and cash equivalents | R$ 0 | R$ 29 |
Financial instruments - Short a
Financial instruments - Short and Long-term investments (Details) R$ in Thousands, shares in Millions | 12 Months Ended | ||
Dec. 31, 2023 BRL (R$) R$ / shares shares | Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | |
Disclosure of detailed information about financial instruments [line items] | |||
Short-term | R$ 3481496 | R$ 3453772 | |
Long-term | 45,702 | 214,765 | |
Investments | 3,527,198 | 3,668,537 | |
Change in fair value in OCI | 1,912 | (6,971) | R$ 216466 |
Bonds | |||
Disclosure of detailed information about financial instruments [line items] | |||
Investments | 2,954,236 | 926,559 | |
Structured notes linked to LFTs | |||
Disclosure of detailed information about financial instruments [line items] | |||
Investments | 473,259 | 2,176,019 | |
Corporate bonds | |||
Disclosure of detailed information about financial instruments [line items] | |||
Investments | 51,933 | 349,540 | |
Equity securities | |||
Disclosure of detailed information about financial instruments [line items] | |||
Investments | R$ 45702 | 214,765 | |
Number of shares sold | shares | 16.8 | ||
Total consideration per share (in R$ per share) | R$ / shares | 12.96 | ||
Delivery of shares | R$ 218105 | ||
Gains (losses) on financial assets at fair value through profit or loss | 30,574 | 853,056 | |
Change in fair value in OCI | 6,971 | ||
Investment funds | |||
Disclosure of detailed information about financial instruments [line items] | |||
Investments | 2,068 | 1,654 | |
Listed securities | |||
Disclosure of detailed information about financial instruments [line items] | |||
Short-term | 3,006,169 | 1,276,099 | |
Long-term | 0 | 182,139 | |
Listed securities | Bonds | |||
Disclosure of detailed information about financial instruments [line items] | |||
Short-term | 2,954,236 | 926,559 | |
Long-term | 0 | 0 | |
Listed securities | Structured notes linked to LFTs | |||
Disclosure of detailed information about financial instruments [line items] | |||
Short-term | 0 | 0 | |
Long-term | 0 | 0 | |
Listed securities | Corporate bonds | |||
Disclosure of detailed information about financial instruments [line items] | |||
Short-term | 51,933 | 349,540 | |
Long-term | 0 | 0 | |
Listed securities | Equity securities | |||
Disclosure of detailed information about financial instruments [line items] | |||
Short-term | 0 | 0 | |
Long-term | 0 | 182,139 | |
Listed securities | Investment funds | |||
Disclosure of detailed information about financial instruments [line items] | |||
Short-term | 0 | 0 | |
Long-term | 0 | 0 | |
Unlisted securities | |||
Disclosure of detailed information about financial instruments [line items] | |||
Short-term | 475,327 | 2,177,673 | |
Long-term | 45,702 | 32,626 | |
Unlisted securities | Bonds | |||
Disclosure of detailed information about financial instruments [line items] | |||
Short-term | 0 | 0 | |
Long-term | 0 | 0 | |
Unlisted securities | Structured notes linked to LFTs | |||
Disclosure of detailed information about financial instruments [line items] | |||
Short-term | 473,259 | 2,176,019 | |
Long-term | 0 | 0 | |
Unlisted securities | Corporate bonds | |||
Disclosure of detailed information about financial instruments [line items] | |||
Short-term | 0 | 0 | |
Long-term | 0 | 0 | |
Unlisted securities | Equity securities | |||
Disclosure of detailed information about financial instruments [line items] | |||
Short-term | 0 | 0 | |
Long-term | 45,702 | 32,626 | |
Unlisted securities | Investment funds | |||
Disclosure of detailed information about financial instruments [line items] | |||
Short-term | 2,068 | 1,654 | |
Long-term | R$ 0 | R$ 0 |
Financial instruments - Account
Financial instruments - Accounts receivable from card issuers (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about financial instruments [line items] | |||
Accounts receivable from card issuers | R$ 23977109 | R$ 20748857 | |
Allowance for credit losses | (117,553) | (108,434) | R$ 80418 |
Accounts receivable from card issuers | 23,895,512 | 20,694,523 | |
Accounts receivable from card issuers | 81,597 | 54,334 | |
Receivables From Card Issuers from FIDC | 467,622 | 0 | |
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 82,946 | 94,093 | |
Reversal, allowance account for credit losses of financial assets | (17,668) | (13,181) | |
Accounts Receivable From Card Issuers [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Accounts receivable from card issuers | 23,364,806 | 20,053,392 | |
Accounts receivable from other acquirers | 667,922 | 718,228 | |
Allowance for credit losses | (55,619) | (22,763) | R$ 15103 |
Receivables From Card Issuers | 23,977,109 | 20,748,857 | |
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 53,090 | 22,818 | |
Reversal, allowance account for credit losses of financial assets | R$ 20234 | R$ 15158 |
Financial instruments - Trade a
Financial instruments - Trade accounts receivable (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [line items] | ||
Trade receivables | R$ 488480 | R$ 522046 |
Current trade receivables | 459,947 | 484,722 |
Trade accounts receivable | 28,533 | 37,324 |
Allowance account for credit losses of financial assets | (108,434) | (80,418) |
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 82,946 | 94,093 |
Reversal, allowance account for credit losses of financial assets | (17,668) | (13,181) |
Utilisation, allowance account for credit losses of financial assets | (56,159) | (52,896) |
Allowance account for credit losses of financial assets | (117,553) | (108,434) |
Trade receivables | ||
Disclosure of detailed information about financial instruments [line items] | ||
Accounts receivable from subscription services | 293,304 | 294,516 |
Accounts receivable from equipment rental | 114,252 | 135,479 |
Chargeback | 72,401 | 58,302 |
Services rendered | 51,456 | 36,089 |
Cash in transit | 24,172 | 21,521 |
Receivables from registry operation | 22,347 | 35,150 |
Loans designated at FVPL | 0 | 26,866 |
Allowance for expected credit losses | (117,553) | (108,434) |
Other trade accounts receivable | R$ 28101 | R$ 22557 |
Financial instruments - Loans o
Financial instruments - Loans operations portfolio (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [line items] | ||
Current loans operations portfolio | R$ 209957 | R$ 0 |
Non-Current loans operations portfolio | 40,790 | 0 |
Consolidated 3 stages [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Acquisition / (Settlement) | 312,808 | 0 |
Loans Operations Stage 1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Allowance for expected credit losses | 57,776 | 0 |
Allowance of Expected Credit Loss Transfer to stage 2 | (5,487) | |
Allowance of Expected Credit Loss Transfer to stage 3 | (216) | |
Allowance of Expected Credit Loss Cure from stage 2 | 628 | |
Allowance of Expected Credit Loss Cure from stage 3 | 27 | |
Allowance of Expected Credit Loss Acquistion | 62,824 | |
Cure from stage 2 | 5,369 | |
Transfer to stage 2 | (19,561) | |
Acquisition / (Settlement) | 313,601 | |
Transfer to stage 3 | (309) | |
Cure from stage 3 | 313 | |
Loans Operations Stage 2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Allowance of Expected Credit Loss Transfer to stage 3 | (654) | |
Allowance of Expected Credit Loss Cure from stage 3 | 5 | |
Allowance of Expected Credit Loss Acquistion | (765) | |
Cure to stage 1 | (5,369) | |
Transfer from stage 1 | 19,561 | |
Acquisition / (Settlement) | (1,089) | |
Transfer to stage 3 | (970) | |
Cure from stage 3 | 62 | |
Allowance of Expected Credit Loss Cure to stage 1 | (628) | |
Allowance of Expected Credit Loss Transfer from stage 1 | 5,487 | |
Loans Operations Stage 3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Allowance of Expected Credit Loss Transfer to stage 2 | 654 | |
Allowance of Expected Credit Loss Cure from stage 2 | (5) | |
Allowance of Expected Credit Loss Acquistion | 2 | |
Cure to stage 1 | (313) | |
Cure from stage 2 | (62) | |
Transfer from stage 1 | 309 | |
Transfer to stage 2 | 970 | |
Acquisition / (Settlement) | 296 | |
Allowance of Expected Credit Loss Cure to stage 1 | (27) | |
Allowance of Expected Credit Loss Transfer from stage 1 | 216 | |
Credit Card Loans [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 3,131 | |
Closing Gross Balance | 3,131 | |
Credit Card Loans [Member] | Consolidated 3 stages [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Allowance of Expected Credit Loss Acquistion | 200 | |
Acquisition / (Settlement) | 3,131 | 0 |
Total Allowance of Expected Credit Loss Acquisition | 200 | 0 |
Credit Card Loans [Member] | Loans Operations Stage 1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 3,131 | 0 |
Allowance for expected credit losses | 200 | 0 |
Allowance of Expected Credit Loss Transfer to stage 2 | 0 | |
Allowance of Expected Credit Loss Transfer to stage 3 | 0 | |
Allowance of Expected Credit Loss Cure from stage 2 | 0 | |
Allowance of Expected Credit Loss Cure from stage 3 | 0 | |
Allowance of Expected Credit Loss Acquistion | 200 | |
Opening Gross Balance | 0 | |
Cure from stage 2 | 0 | |
Transfer to stage 2 | 0 | |
Closing Gross Balance | 3,131 | 0 |
Acquisition / (Settlement) | 3,131 | |
Transfer to stage 3 | 0 | |
Cure from stage 3 | 0 | |
Credit Card Loans [Member] | Loans Operations Stage 2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 0 | 0 |
Allowance for expected credit losses | 0 | 0 |
Allowance of Expected Credit Loss Transfer to stage 2 | 0 | |
Allowance of Expected Credit Loss Transfer to stage 3 | 0 | |
Allowance of Expected Credit Loss Cure from stage 2 | 0 | |
Allowance of Expected Credit Loss Cure from stage 3 | 0 | |
Allowance of Expected Credit Loss Acquistion | 0 | |
Opening Gross Balance | 0 | |
Cure from stage 2 | 0 | |
Transfer to stage 2 | 0 | |
Closing Gross Balance | 0 | 0 |
Acquisition / (Settlement) | 0 | |
Transfer to stage 3 | 0 | |
Cure from stage 3 | 0 | |
Credit Card Loans [Member] | Loans Operations Stage 3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 0 | 0 |
Allowance for expected credit losses | 0 | 0 |
Allowance of Expected Credit Loss Transfer to stage 2 | 0 | |
Allowance of Expected Credit Loss Cure from stage 2 | 0 | |
Allowance of Expected Credit Loss Acquistion | 0 | |
Opening Gross Balance | 0 | |
Cure from stage 2 | 0 | |
Transfer to stage 2 | 0 | |
Closing Gross Balance | 0 | 0 |
Acquisition / (Settlement) | 0 | |
Transfer to stage 3 | 0 | |
Cure from stage 3 | 0 | |
Allowance of Expected Credit Loss Cure to stage 1 | 0 | |
Allowance of Expected Credit Loss Transfer from stage 1 | 0 | |
Working Capital Loans [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 309,677 | |
Allowance of Expected Credit Loss Acquistion | 61,861 | |
Closing Gross Balance | 309,677 | |
Acquisition / (Settlement) | 309,677 | |
Working Capital Loans [Member] | Consolidated 3 stages [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Acquisition / (Settlement) | 309,677 | 0 |
Total Allowance of Expected Credit Loss Acquisition | 61,861 | 0 |
Working Capital Loans [Member] | Loans Operations Stage 1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 296,282 | 0 |
Allowance for expected credit losses | 57,576 | 0 |
Allowance of Expected Credit Loss Transfer to stage 2 | (5,487) | |
Allowance of Expected Credit Loss Transfer to stage 3 | (216) | |
Allowance of Expected Credit Loss Cure from stage 2 | 628 | |
Allowance of Expected Credit Loss Cure from stage 3 | 27 | |
Allowance of Expected Credit Loss Acquistion | 62,624 | |
Opening Gross Balance | 0 | |
Cure from stage 2 | 5,369 | |
Transfer to stage 2 | (19,561) | |
Closing Gross Balance | 296,282 | 0 |
Acquisition / (Settlement) | 310,470 | |
Transfer to stage 3 | (309) | |
Cure from stage 3 | 313 | |
Working Capital Loans [Member] | Loans Operations Stage 2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 12,195 | 0 |
Allowance for expected credit losses | 3,445 | 0 |
Allowance of Expected Credit Loss Transfer to stage 3 | (654) | |
Allowance of Expected Credit Loss Cure from stage 3 | 5 | |
Allowance of Expected Credit Loss Acquistion | (765) | |
Opening Gross Balance | 0 | |
Cure to stage 1 | (5,369) | |
Transfer from stage 1 | 19,561 | |
Closing Gross Balance | 12,195 | 0 |
Acquisition / (Settlement) | (1,089) | |
Transfer to stage 3 | (970) | |
Cure from stage 3 | 62 | |
Allowance of Expected Credit Loss Cure to stage 1 | (628) | |
Allowance of Expected Credit Loss Transfer from stage 1 | 5,487 | |
Working Capital Loans [Member] | Loans Operations Stage 3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 1,200 | 0 |
Allowance for expected credit losses | 840 | 0 |
Allowance of Expected Credit Loss Transfer to stage 2 | 654 | |
Allowance of Expected Credit Loss Cure from stage 2 | (5) | |
Allowance of Expected Credit Loss Acquistion | 2 | |
Opening Gross Balance | 0 | |
Cure to stage 1 | (313) | |
Cure from stage 2 | (62) | |
Transfer from stage 1 | 309 | |
Transfer to stage 2 | 970 | |
Closing Gross Balance | 1,200 | 0 |
Acquisition / (Settlement) | 296 | |
Allowance of Expected Credit Loss Cure to stage 1 | (27) | |
Allowance of Expected Credit Loss Transfer from stage 1 | 216 | |
Loans Operations [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 312,808 | |
Allowance for expected credit losses | (62,061) | |
Net Loans Operations | 250,747 | |
Current loans operations portfolio | 209,957 | |
Non-Current loans operations portfolio | 40,790 | |
Closing Gross Balance | 312,808 | |
Loans Operations [Member] | Balance Not Yet Due [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 310,960 | |
Closing Gross Balance | 310,960 | |
Loans Operations [Member] | Balance Overdue [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 1,848 | |
Closing Gross Balance | 1,848 | |
Loans Operations [Member] | Not later than one month [member] | Balance Not Yet Due [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 14,376 | |
Closing Gross Balance | 14,376 | |
Loans Operations [Member] | Not later than one month [member] | Balance Overdue [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 947 | |
Closing Gross Balance | 947 | |
Loans Operations [Member] | Later than one month and not later than two months [member] | Balance Not Yet Due [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 30,670 | |
Closing Gross Balance | 30,670 | |
Loans Operations [Member] | LaterThanTwoMonthAndNotLaterThanSixMonthsMember [Member] | Balance Not Yet Due [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 110,957 | |
Closing Gross Balance | 110,957 | |
Loans Operations [Member] | Later than six months and not later than one year [member] | Balance Not Yet Due [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 113,323 | |
Closing Gross Balance | 113,323 | |
Loans Operations [Member] | Later than six months and not later than one year [member] | Balance Overdue [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 3 | |
Closing Gross Balance | 3 | |
Loans Operations [Member] | Later than one year and not later than two years [member] | Balance Not Yet Due [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 41,573 | |
Closing Gross Balance | 41,573 | |
Loans Operations [Member] | Later than two years and not later than three years [member] | Balance Not Yet Due [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 61 | |
Closing Gross Balance | 61 | |
Loans Operations [Member] | Later than one month and not later than three months [member] | Balance Overdue [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 799 | |
Closing Gross Balance | 799 | |
Loans Operations [Member] | Later than three months and not later than six months [member] | Balance Overdue [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 99 | |
Closing Gross Balance | 99 | |
Loans Operations [Member] | Consolidated 3 stages [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Allowance of Expected Credit Loss Acquistion | 62,061 | |
Total Allowance of Expected Credit Loss Acquisition | 62,061 | 0 |
Loans Operations [Member] | Loans Operations Stage 1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 299,413 | 0 |
Opening Gross Balance | 0 | |
Closing Gross Balance | 299,413 | 0 |
Loans Operations [Member] | Loans Operations Stage 2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 12,195 | 0 |
Allowance for expected credit losses | 3,445 | 0 |
Opening Gross Balance | 0 | |
Closing Gross Balance | 12,195 | 0 |
Loans Operations [Member] | Loans Operations Stage 3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross Loans Operations | 1,200 | 0 |
Allowance for expected credit losses | 840 | 0 |
Opening Gross Balance | 0 | |
Closing Gross Balance | R$ 1200 | R$ 0 |
Financial instruments -Financia
Financial instruments -Financial assets from banking solutions and deposits from banking customers (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of detailed information about financial instruments [line items] | ||
Balances in transit banking solution and deposits | R$ 53785 | R$ 243782 |
Financial instruments - Borrowi
Financial instruments - Borrowings and financing and obligations to FIDC quota holders (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |||||
Nov. 08, 2023 | Sep. 06, 2023 | Jun. 12, 2019 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about financial instruments [line items] | ||||||
Borrowings | R$ 5519212 | R$ 5551125 | R$ 8362389 | |||
Payment of loans and financing | (5,594,999) | (6,344,998) | ||||
Payment of Interest on Loans | (430,069) | (444,998) | ||||
Interest | 393,202 | 647,514 | ||||
Additions | 5,813,788 | 3,564,644 | ||||
Disposals | 21,225 | (52,913) | ||||
Changes in Exchange Rates of Loans and Financing | (192,610) | (184,977) | ||||
Acquisitions of loans and financing | 0 | 4,464 | ||||
Current Obligations to FIDC quota holders | 1,879,997 | 2,822,655 | 3,873,561 | |||
Non-Current Obligations to FIDC quota holders | R$ 3639215 | R$ 2728470 | 4,488,828 | |||
CDI Rate | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 13.04% | 1,238% | ||||
Jan/23 to Jun/29 | CDI Rate | Top of range | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 151.80% | |||||
Jan/23 to Jun/29 | CDI Rate | Bottom of range | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 105.10% | |||||
Oct/26 | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 1.95% | |||||
Obligations to FIDC TAPSO quota holders [Member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Borrowings | R$ 53103 | R$ 22468 | 21,131 | |||
Payment of loans and financing | (20,000) | 0 | ||||
Payment of Interest on Loans | (3,021) | (1,515) | ||||
Interest | 3,656 | 2,852 | ||||
Additions | 50,000 | 0 | ||||
Disposals | 0 | 0 | ||||
Changes in Exchange Rates of Loans and Financing | 0 | 0 | ||||
Acquisitions of loans and financing | R$ 0 | R$ 0 | ||||
Obligations to FIDC TAPSO quota holders [Member] | Jul/24 | CDI Rate | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 1.85% | |||||
Current portion of non-current borrowings | R$ 53103 | |||||
Non-current portion of non-current borrowings | 0 | |||||
Borrowings | 53,103 | |||||
Obligations to FIDC TAPSO quota holders [Member] | Feb-23 [Member] | CDI Rate | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 1.80% | |||||
Current portion of non-current borrowings | R$ 22468 | |||||
Non-current portion of non-current borrowings | 0 | |||||
Borrowings | 22,468 | |||||
Obligations to FIDC ACR FAST quota holders [Member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Borrowings | 452,128 | 0 | ||||
Payment of loans and financing | (75,004) | |||||
Payment of Interest on Loans | (2,413) | |||||
Interest | 14,793 | |||||
Additions | 514,752 | |||||
Disposals | 0 | |||||
Changes in Exchange Rates of Loans and Financing | 0 | |||||
Acquisitions of loans and financing | R$ 0 | |||||
Obligations to FIDC ACR FAST quota holders [Member] | CDI Rate | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 1.12% | |||||
Current portion of non-current borrowings | R$ 452128 | |||||
Non-current portion of non-current borrowings | 0 | |||||
Borrowings | 452,128 | |||||
Obligations to FDIC Quota Holders [Member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Current portion of non-current borrowings | 505,231 | 975,248 | ||||
Non-current portion of non-current borrowings | 0 | 0 | ||||
Borrowings | 505,231 | 975,248 | ||||
Leasing | Jan/23 to Jun/29 | CDI Rate | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Current portion of non-current borrowings | 30,227 | 55,583 | ||||
Non-current portion of non-current borrowings | 143,456 | 144,564 | ||||
Borrowings | 173,683 | R$ 200147 | ||||
Leasing | Jan/23 to Jun/29 | CDI Rate | Top of range | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 151.80% | |||||
Leasing | Jan/23 to Jun/29 | CDI Rate | Bottom of range | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 105.10% | |||||
Bonds | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Borrowings | 2,402,698 | R$ 2587303 | 2,764,610 | |||
Payment of loans and financing | 0 | 0 | ||||
Payment of Interest on Loans | (96,157) | (103,134) | ||||
Interest | 99,992 | 110,980 | ||||
Additions | 0 | 0 | ||||
Disposals | 0 | 0 | ||||
Changes in Exchange Rates of Loans and Financing | (188,440) | (185,153) | ||||
Acquisitions of loans and financing | R$ 0 | R$ 0 | ||||
Notional | R$ 500000 | |||||
Maturity | seven year | |||||
Average annual interest rate | 3.95% | |||||
Borrowing Gross Amount | R$ 2510350 | |||||
Borrowing net of transaction cost | 2,477,408 | |||||
Bonds | Jun/28 | USD [Member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 3.95% | 3.95% | ||||
Current portion of non-current borrowings | R$ 2922 | R$ 4007 | ||||
Non-current portion of non-current borrowings | 2,399,776 | 2,583,861 | ||||
Borrowings | 2,402,698 | 2,587,868 | ||||
Bank borrowings | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Borrowings | 1,321,348 | 1,788,427 | 2,697,641 | |||
Payment of loans and financing | (4,489,681) | (4,605,452) | ||||
Payment of Interest on Loans | (246,739) | (97,317) | ||||
Interest | 185,458 | 289,105 | ||||
Additions | 4,088,209 | 3,499,986 | ||||
Disposals | 0 | 0 | ||||
Changes in Exchange Rates of Loans and Financing | (4,326) | 0 | ||||
Acquisitions of loans and financing | R$ 0 | 4,464 | ||||
Maturity | six months | |||||
Bank borrowings | Up to six months | CDI Rate | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Current portion of non-current borrowings | R$ 1321348 | |||||
Non-current portion of non-current borrowings | 0 | |||||
Borrowings | R$ 1321348 | |||||
Bank borrowings | Up to six months | CDI Rate | Top of range | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 1.94% | |||||
Bank borrowings | Up to six months | CDI Rate | Bottom of range | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 1.30% | |||||
Bank borrowings | 3 to 18 months [Member] | CDI Rate | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Current portion of non-current borrowings | 1,787,817 | |||||
Non-current portion of non-current borrowings | 45 | |||||
Borrowings | R$ 1787862 | |||||
Bank borrowings | 3 to 18 months [Member] | CDI Rate | Top of range | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 1.44% | |||||
Bank borrowings | 3 to 18 months [Member] | CDI Rate | Bottom of range | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 0.95% | |||||
Receivable Backed Securities | Sep/26 | CDI Rate | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 2.28% | |||||
Current portion of non-current borrowings | R$ 3316 | |||||
Non-current portion of non-current borrowings | 98,702 | |||||
Borrowings | 102,018 | |||||
Debentures | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Borrowings | 1,014,234 | R$ 0 | 399,509 | |||
Payment of loans and financing | 0 | (404,317) | ||||
Payment of Interest on Loans | 0 | (17,374) | ||||
Interest | 18,558 | 22,182 | ||||
Additions | 995,676 | 0 | ||||
Disposals | 0 | 0 | ||||
Changes in Exchange Rates of Loans and Financing | 0 | 0 | ||||
Acquisitions of loans and financing | 0 | 0 | ||||
Notional | R$ 1000000 | R$ 400000 | ||||
Maturity | three year | July 1, 2022 | ||||
Description of Interest Rate | CDI + 1.75% p.a | bear interest at a rate of 109.0% of the CDI rate. | ||||
Debentures | Oct/26 | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Current portion of non-current borrowings | 16,953 | |||||
Non-current portion of non-current borrowings | 997,281 | |||||
Borrowings | 1,014,234 | |||||
Loans And Financing Excluding FDIC Obligations [Member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Current portion of non-current borrowings | 1,374,766 | 1,847,407 | ||||
Non-current portion of non-current borrowings | 3,639,215 | 2,728,470 | ||||
Borrowings | 5,013,981 | 4,575,877 | ||||
Loans And Financing [Member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Current portion of non-current borrowings | 1,879,997 | 2,822,655 | ||||
Non-current portion of non-current borrowings | 3,639,215 | 2,728,470 | ||||
Borrowings | 5,519,212 | 5,551,125 | ||||
Obligation To FIDC AR Quota Holders [Member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Borrowings | 0 | 952,780 | 2,206,043 | |||
Payment of loans and financing | (937,499) | (1,250,000) | ||||
Payment of Interest on Loans | (67,975) | (211,058) | ||||
Interest | 52,694 | 207,795 | ||||
Additions | 0 | 0 | ||||
Disposals | 0 | 0 | ||||
Changes in Exchange Rates of Loans and Financing | 0 | 0 | ||||
Acquisitions of loans and financing | 0 | R$ 0 | ||||
Obligation To FIDC AR Quota Holders [Member] | Aug-23 [Member] | CDI Rate | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Benchmark return rate | 1.50% | |||||
Current portion of non-current borrowings | R$ 952780 | |||||
Non-current portion of non-current borrowings | 0 | |||||
Borrowings | 952,780 | |||||
Finance lease | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Borrowings | 173,683 | 200,147 | R$ 273455 | |||
Payment of loans and financing | (72,815) | (85,229) | ||||
Payment of Interest on Loans | (13,764) | (14,600) | ||||
Interest | 13,767 | 14,600 | ||||
Additions | 67,417 | 64,658 | ||||
Disposals | (21,225) | (52,913) | ||||
Changes in Exchange Rates of Loans and Financing | 156 | 176 | ||||
Acquisitions of loans and financing | 0 | 0 | ||||
Loans with private entities | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Borrowings | 102,018 | R$ 0 | ||||
Payment of loans and financing | 0 | |||||
Payment of Interest on Loans | 0 | |||||
Interest | 4,284 | |||||
Additions | 97,734 | |||||
Disposals | 0 | |||||
Changes in Exchange Rates of Loans and Financing | 0 | |||||
Acquisitions of loans and financing | R$ 0 | |||||
Notional | R$ 100000 | |||||
Maturity | three year | |||||
Description of Interest Rate | bearing interest at CDI + 1.30% p.a |
Financial instruments - Derivat
Financial instruments - Derivative financial instruments, net (Details) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 BRL (R$) segment | Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | Dec. 31, 2022 USD ($) segment | Dec. 31, 2022 BRL (R$) segment | |
Disclosure of detailed information about financial instruments [line items] | |||||
Financial instruments designated as hedging instruments, at fair value | R$ 311445000 | R$ 190902000 | |||
Non-deliverable forward used as economic hedge instrument | (4,097,000) | (6,395,000) | |||
Call options to acquire additional interest in subsidiaries | 3,553,000 | 23,983,000 | |||
Derivative financial instruments, net | (311,989,000) | (173,314,000) | |||
Financial instruments designated as hedging instruments, at fair value | 311,445,000 | R$ 190902000 | |||
Unrealized loss on cash flow hedge | 197,188,000 | R$ 261366000 | R$ 261366000 | ||
Financial expenses, net | 3,999,465,000 | 3,514,739,000 | 1,269,058,000 | ||
Changes in the fair value of cash flow hedge | R$ 64146000 | (207,222,000) | R$ 54144000 | ||
Dollar Non-deliverable Forward [Member] | Currency risk | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Minimum Rate Of Hedging Instrument | 4.8220 | 5.1900 | |||
Maximum Rate Of Hedging Instrument | 4.9400 | 5.3200 | |||
Nominal amount of hedging instrument | segment | 6,460,000 | 65,500,000 | 65,500,000 | ||
Gain (loss) on hedge ineffectiveness recognised in profit or loss | R$ 19116000 | 25,827,000 | |||
Euro Non-deliverable Forward [Member] | Currency risk | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Minimum Rate Of Hedging Instrument | 5.3208 | ||||
Maximum Rate Of Hedging Instrument | 5.3715 | ||||
Nominal amount of hedging instrument | segment | 570,000 | ||||
Gain (loss) on hedge ineffectiveness recognised in profit or loss | R$ 447000 | ||||
Interest rate swap contract [member] | Interest rate risk | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Nominal amount of hedging instrument | segment | 6,079,500,000 | 5,225,105,000 | 5,225,105,000 | ||
Gain (loss) on hedge ineffectiveness recognised in profit or loss | R$ 7328000 | R$ 9262000 | |||
Percentage of Minimum Rate Of Hedging Instrument | 10.20% | 9.10% | 9.10% | ||
Percentage of Maximum Rate Of Hedging Instrument | 14.30% | 14.30% | 14.30% | ||
Hedge Instrument Maturity | May/25 | April/24 | |||
Bond Hedges | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Financial instruments designated as hedging instruments, at fair value | R$ 324753000 | R$ 190902000 | |||
Effective portion – Gain / (Loss) | (503,987,000) | ||||
Payments of cross currency swaps | 305,990,000 | R$ 274407000 | |||
Financial expenses, net | 459,289,000 | ||||
Changes in the fair value of cash flow hedge | 64,146,000 | ||||
Hedged items, due June 16, 2028 [Member] | Bond Hedges | Notional R$248,500, CDI +2.94% | Hedged items, traded on June 23, 2021 [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional | $ 50,000 | R$ 248500000 | |||
Borrowings, adjustment to interest rate basis | 2.94% | 2.94% | |||
Financial instruments designated as hedging instruments, at fair value | R$ 15274000 | ||||
Effective portion – Gain / (Loss) | (86,656,000) | ||||
Changes in the fair value of cash flow hedge | 6,784,000 | ||||
Hedged items, due June 16, 2028 [Member] | Bond Hedges | Notional R$248,500, CDI +2.94% | Hedged items, traded on June 24, 2021 [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Financial instruments designated as hedging instruments, at fair value | (26,967,000) | ||||
Hedged items, due June 16, 2028 [Member] | Bond Hedges | Notional R$247,000, CDI +2.90% | Hedged items, traded on June 24, 2021 [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional | $ 50,000 | R$ 247000000 | |||
Borrowings, adjustment to interest rate basis | 2.90% | 2.90% | |||
Financial instruments designated as hedging instruments, at fair value | (26,359,000) | R$ 14836000 | |||
Effective portion – Gain / (Loss) | (72,213,000) | ||||
Changes in the fair value of cash flow hedge | 6,958,000 | ||||
Hedged items, due June 16, 2028 [Member] | Bond Hedges | Notional R$248,500, CDI +2.90% | Hedged items, traded on June 24, 2021 [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional | $ 50,000 | R$ 248500000 | |||
Borrowings, adjustment to interest rate basis | 2.90% | 2.90% | |||
Financial instruments designated as hedging instruments, at fair value | (27,625,000) | R$ 15961000 | |||
Effective portion – Gain / (Loss) | (74,618,000) | ||||
Changes in the fair value of cash flow hedge | 7,215,000 | ||||
Hedged items, due June 16, 2028 [Member] | Bond Hedges | Notional R$375,263, CDI +2.99% | Hedged items, traded on June 30, 2021 [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional | $ 75,000 | R$ 375263000 | |||
Borrowings, adjustment to interest rate basis | 2.99% | 2.99% | |||
Financial instruments designated as hedging instruments, at fair value | (43,894,000) | R$ 26179000 | |||
Effective portion – Gain / (Loss) | (50,137,000) | ||||
Changes in the fair value of cash flow hedge | 9,994,000 | ||||
Hedged items, due June 16, 2028 [Member] | Bond Hedges | Notional R$250,700, CDI +2.99% | Hedged items, traded on June 30, 2021 [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional | $ 50,000 | R$ 250700000 | |||
Borrowings, adjustment to interest rate basis | 2.99% | 2.99% | |||
Financial instruments designated as hedging instruments, at fair value | (29,705,000) | R$ 17846000 | |||
Effective portion – Gain / (Loss) | (42,826,000) | ||||
Changes in the fair value of cash flow hedge | 8,998,000 | ||||
Hedged items, due June 16, 2028 [Member] | Bond Hedges | Notional R$250,110, CDI +2.98% | Hedged items, traded on June 30, 2021 [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional | $ 50,000 | R$ 250110000 | |||
Borrowings, adjustment to interest rate basis | 2.98% | 2.98% | |||
Financial instruments designated as hedging instruments, at fair value | (29,207,000) | R$ 17403000 | |||
Effective portion – Gain / (Loss) | (50,705,000) | ||||
Changes in the fair value of cash flow hedge | 16,871,000 | ||||
Hedged items, due June 16, 2028 [Member] | Bond Hedges | Notional R$127,353, CDI +2.99% | Hedged items, traded on July 15, 2021 [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional | $ 25,000 | R$ 127353000 | |||
Borrowings, adjustment to interest rate basis | 2.99% | 2.99% | |||
Financial instruments designated as hedging instruments, at fair value | (16,495,000) | R$ 10374000 | |||
Effective portion – Gain / (Loss) | (21,254,000) | ||||
Changes in the fair value of cash flow hedge | (7,334,000) | ||||
Hedged items, due June 16, 2028 [Member] | Bond Hedges | Notional R$127,353, CDI +2.99%, Two | Hedged items, traded on July 15, 2021 [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional | $ 25,000 | R$ 127353000 | |||
Borrowings, adjustment to interest rate basis | 2.99% | 2.99% | |||
Financial instruments designated as hedging instruments, at fair value | (16,573,000) | R$ 10455000 | |||
Effective portion – Gain / (Loss) | (16,887,000) | ||||
Changes in the fair value of cash flow hedge | 3,114,000 | ||||
Hedged items, due June 16, 2028 [Member] | Bond Hedges | Notional R$259,890, CDI +2.96% | Hedged items, traded on July 16, 2021 [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional | $ 50,000 | R$ 259890000 | |||
Borrowings, adjustment to interest rate basis | 2.96% | 2.96% | |||
Financial instruments designated as hedging instruments, at fair value | (37,516,000) | R$ 24793000 | |||
Effective portion – Gain / (Loss) | (21,703,000) | ||||
Changes in the fair value of cash flow hedge | 14,526,000 | ||||
Hedged items, due June 16, 2028 [Member] | Bond Hedges | Notional R$131,025, CDI +3.00% | Hedged items, traded on August 6, 2021 [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional | $ 25,000 | R$ 131025000 | |||
Borrowings, adjustment to interest rate basis | 3% | 3% | |||
Financial instruments designated as hedging instruments, at fair value | (18,487,000) | R$ 12101000 | |||
Effective portion – Gain / (Loss) | (20,321,000) | ||||
Changes in the fair value of cash flow hedge | (8,295,000) | ||||
Hedged items, due June 16, 2028 [Member] | Bond Hedges | Notional R$130,033, CDI +2.85% | Hedged items, traded on August 10, 2021 [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional | $ 25,000 | R$ 130033000 | |||
Borrowings, adjustment to interest rate basis | 2.85% | 2.85% | |||
Financial instruments designated as hedging instruments, at fair value | (19,391,000) | R$ 12917000 | |||
Effective portion – Gain / (Loss) | (17,178,000) | ||||
Changes in the fair value of cash flow hedge | 2,751,000 | ||||
Hedged items, due June 16, 2028 [Member] | Bond Hedges | Notional R$130,878, CDI +2.81% | Hedged items, traded on August 11, 2021 [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional | $ 25,000 | R$ 130878000 | |||
Borrowings, adjustment to interest rate basis | 2.81% | 2.81% | |||
Financial instruments designated as hedging instruments, at fair value | (19,226,000) | R$ 12763000 | |||
Effective portion – Gain / (Loss) | (16,181,000) | ||||
Changes in the fair value of cash flow hedge | R$ 2564000 | ||||
Hedged items, due November 22, 2023 [Member] | Bond Hedges | Notional R$248500 CDI +1.80% [Member] | Hedged items, traded on May 22, 2023 [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional | $ 50,000 | 248,500,000 | |||
Borrowings, adjustment to interest rate basis | 1.80% | ||||
Financial instruments designated as hedging instruments, at fair value | R$ 13308000 | R$ 0 | |||
Effective portion – Gain / (Loss) | (13,308,000) | ||||
Changes in the fair value of cash flow hedge | R$ 0 |
Financial instruments - Financi
Financial instruments - Financial risk management (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [line items] | ||
Foreign exchange loss | R$ 13580 | |
Short-term | 3,481,496 | R$ 3453772 |
Not later than one year [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 27,793,606 | 24,591,963 |
Later than one year and not later than two years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 1,540,079 | 735,499 |
Later than two years and not later than five years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 5,299,660 | 1,231,989 |
Later than five years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 2,729,500 |
Deposits from banking customers [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 6,119,455 | 4,023,679 |
Deposits from banking customers [Member] | Not later than one year [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 6,119,455 | 4,023,679 |
Deposits from banking customers [Member] | Later than one year and not later than two years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Deposits from banking customers [Member] | Later than two years and not later than five years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Deposits from banking customers [Member] | Later than five years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Accounts Payable To Clients [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 19,199,127 | 16,614,513 |
Accounts Payable To Clients [Member] | Not later than one year [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 19,163,672 | 16,542,963 |
Accounts Payable To Clients [Member] | Later than one year and not later than two years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 35,455 | 35,775 |
Accounts Payable To Clients [Member] | Later than two years and not later than five years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Accounts Payable To Clients [Member] | Later than five years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Trade Accounts Payable | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 513,877 | 596,044 |
Trade Accounts Payable | Not later than one year [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 513,877 | 596,044 |
Trade Accounts Payable | Later than one year and not later than two years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Trade Accounts Payable | Later than two years and not later than five years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Trade Accounts Payable | Later than five years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Loans And Financing [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 5,013,981 | 4,575,877 |
Loans And Financing [Member] | Not later than one year [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 1,371,845 | 2,255,110 |
Loans And Financing [Member] | Later than one year and not later than two years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 1,344,545 | 431,180 |
Loans And Financing [Member] | Later than two years and not later than five years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 5,049,235 | 1,231,989 |
Loans And Financing [Member] | Later than five years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 2,729,500 |
Obligations To FIDC Quota Holders [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 505,231 | 975,248 |
Obligations To FIDC Quota Holders [Member] | Not later than one year [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 505,231 | 1,028,562 |
Obligations To FIDC Quota Holders [Member] | Later than one year and not later than two years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Obligations To FIDC Quota Holders [Member] | Later than two years and not later than five years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Obligations To FIDC Quota Holders [Member] | Later than five years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Other Liabilities [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 530,030 | 756,172 |
Other Liabilities [Member] | Not later than one year [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 119,526 | 145,605 |
Other Liabilities [Member] | Later than one year and not later than two years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 160,079 | 268,544 |
Other Liabilities [Member] | Later than two years and not later than five years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 250,425 | |
Other Liabilities [Member] | Later than five years [member] | Liquidity risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | R$ 0 | R$ 0 |
Financial instruments - Finan_2
Financial instruments - Financial instruments by category (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | R$ 35166488 | R$ 29518645 |
Financial instruments designated as hedging instruments, at fair value | 311,445 | 190,902 |
Deposits from banking customers [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 6,119,455 | 4,023,679 |
Accounts Payable To Clients [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 19,199,127 | 16,614,513 |
Trade Accounts Payable | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 513,877 | 596,044 |
Loans And Financing [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 5,013,981 | 4,575,877 |
Obligations To FIDC Quota Holders [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 505,231 | 975,248 |
Derivative Financial Instruments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 316,171 | 209,714 |
Other Liabilities [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 530,030 | 756,172 |
Financial liabilities at fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 32,197,872 | 27,751,247 |
Financial liabilities at amortised cost, category [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 31,471,197 | 26,930,254 |
Financial liabilities at amortised cost, category [member] | Deposits from banking customers [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 6,119,455 | 4,023,679 |
Financial liabilities at amortised cost, category [member] | Accounts Payable To Clients [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 19,199,127 | 16,614,513 |
Financial liabilities at amortised cost, category [member] | Trade Accounts Payable | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 513,877 | 596,044 |
Financial liabilities at amortised cost, category [member] | Loans And Financing [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 5,013,981 | 4,575,877 |
Financial liabilities at amortised cost, category [member] | Obligations To FIDC Quota Holders [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 505,231 | 975,248 |
Financial liabilities at amortised cost, category [member] | Derivative Financial Instruments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Financial liabilities at amortised cost, category [member] | Other Liabilities [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 119,526 | 144,893 |
Financial liabilities at fair value through profit or loss, category [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 726,675 | 820,993 |
Financial liabilities at fair value through profit or loss, category [member] | Deposits from banking customers [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Financial liabilities at fair value through profit or loss, category [member] | Accounts Payable To Clients [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Financial liabilities at fair value through profit or loss, category [member] | Trade Accounts Payable | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Financial liabilities at fair value through profit or loss, category [member] | Loans And Financing [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Financial liabilities at fair value through profit or loss, category [member] | Obligations To FIDC Quota Holders [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 0 | 0 |
Financial liabilities at fair value through profit or loss, category [member] | Derivative Financial Instruments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 316,171 | 209,714 |
Financial liabilities at fair value through profit or loss, category [member] | Other Liabilities [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 410,504 | 611,279 |
Short And Long-Term Investments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 3,527,198 | 3,668,537 |
Financial assets from banking solution [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 6,397,898 | 3,960,871 |
Accounts Receivable From Card Issuers [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 23,977,109 | 20,748,857 |
Trade Accounts Receivable [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 488,480 | 522,046 |
Loans Operations [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 250,747 | |
Derivative Financial Instruments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 4,182 | 36,400 |
Receivables From Related Parties [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 2,512 | 10,053 |
Other assets | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 518,362 | 571,881 |
Amortized cost | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 6,516,474 | 1,084,106 |
Amortized cost | Short And Long-Term Investments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 0 | 0 |
Amortized cost | Financial assets from banking solution [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 5,250,496 | 0 |
Amortized cost | Accounts Receivable From Card Issuers [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 5,877 | 6,992 |
Amortized cost | Trade Accounts Receivable [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 488,480 | 495,180 |
Amortized cost | Loans Operations [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 250,747 | |
Amortized cost | Derivative Financial Instruments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 0 | 0 |
Amortized cost | Receivables From Related Parties [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 2,512 | 10,053 |
Amortized cost | Other assets | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 518,362 | 571,881 |
FVPL | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 4,633,080 | 7,660,824 |
FVPL | Short And Long-Term Investments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 3,481,496 | 3,636,687 |
FVPL | Financial assets from banking solution [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 1,147,402 | 3,960,871 |
FVPL | Accounts Receivable From Card Issuers [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 0 | 0 |
FVPL | Trade Accounts Receivable [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 0 | 26,866 |
FVPL | Loans Operations [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 0 | |
FVPL | Derivative Financial Instruments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 4,182 | 36,400 |
FVPL | Receivables From Related Parties [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 0 | 0 |
FVPL | Other assets | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 0 | 0 |
FVOCI | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 24,016,934 | 20,773,715 |
FVOCI | Short And Long-Term Investments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 45,702 | 31,850 |
FVOCI | Financial assets from banking solution [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 0 | 0 |
FVOCI | Accounts Receivable From Card Issuers [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 23,971,232 | 20,741,865 |
FVOCI | Trade Accounts Receivable [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 0 | 0 |
FVOCI | Loans Operations [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 0 | |
FVOCI | Derivative Financial Instruments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 0 | 0 |
FVOCI | Receivables From Related Parties [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 0 | 0 |
FVOCI | Other assets | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | R$ 0 | R$ 0 |
Financial instruments - Fair va
Financial instruments - Fair value measurement (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets, at fair value | R$ 28650014 | R$ 28434539 |
Financial liabilities, at fair value | 726,675 | 820,993 |
Financial assets | 35,166,488 | 29,518,645 |
Financial Liabilities At Not Measured Fair Value Through Profit Or Loss Category [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities, at fair value | 23,378,488 | 20,590,237 |
Financial liabilities | 24,213,109 | 21,190,390 |
Financial Assets At Not Measured Fair Value Through Profit Or Loss Category [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets, at fair value | 250,877 | 0 |
Financial assets | 250,747 | 0 |
Derivative Financial Instruments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 316,171 | 209,714 |
Other Liabilities [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 530,030 | 756,172 |
Other accounts payable | 178,721 | 264,291 |
Accounts Payable To Clients [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 19,199,127 | 16,614,513 |
Accounts Payable To Clients [Member] | Financial Liabilities At Not Measured Fair Value Through Profit Or Loss Category [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities, at fair value | 18,685,622 | 16,025,373 |
Financial liabilities | 19,199,127 | 16,614,513 |
Loans And Financing [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities | 5,013,981 | 4,575,877 |
Loans And Financing [Member] | Financial Liabilities At Not Measured Fair Value Through Profit Or Loss Category [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities, at fair value | 4,692,866 | 4,564,864 |
Financial liabilities | 5,013,982 | 4,575,877 |
Level 2 of fair value hierarchy | Derivative Financial Instruments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities, at fair value | 316,171 | 209,714 |
Level 2 and 3 of fair value hierarchy | Other Liabilities [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities, at fair value | 410,504 | 611,279 |
Level 3 of fair value hierarchy | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gain (losses) in Loans designated at FVPL | 21,534 | 7,902 |
Cash inflow effect from loans and receivables | (48,400) | 496,600 |
Short And Long-Term Investments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 3,527,198 | 3,668,537 |
Short And Long-Term Investments [Member] | Level 1 and 2 of fair value hierarchy | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets, at fair value | 3,527,198 | 3,668,537 |
Financial assets from banking solution [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 6,397,898 | 3,960,871 |
Financial assets from banking solution [Member] | Level 1 of fair value hierarchy | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets, at fair value | 1,147,402 | 3,960,871 |
Accounts Receivable From Card Issuers [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 23,977,109 | 20,748,857 |
Accounts Receivable From Card Issuers [Member] | Level 2 of fair value hierarchy | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets, at fair value | 23,971,232 | 20,741,865 |
Trade Accounts Receivable [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 488,480 | 522,046 |
Trade Accounts Receivable [Member] | Level 2 and 3 of fair value hierarchy | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets, at fair value | 0 | 26,866 |
Derivative Financial Instruments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 4,182 | 36,400 |
Derivative Financial Instruments [Member] | Level 2 of fair value hierarchy | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets, at fair value | 4,182 | 36,400 |
Loans Operations [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | 250,747 | |
Loans Operations [Member] | Financial Assets At Not Measured Fair Value Through Profit Or Loss Category [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets, at fair value | 250,877 | 0 |
Financial assets | R$ 250747 | R$ 0 |
Financial instruments - Capital
Financial instruments - Capital management (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | ||||
Cash and cash equivalents | R$ 2176416 | R$ 1512604 | R$ 4495645 | R$ 2446990 |
Short-term | 3,481,496 | 3,453,772 | ||
Financial assets from banking solution | 6,397,898 | 3,960,871 | ||
Accounts receivable from card issuers | 23,977,109 | 20,748,857 | ||
Derivative financial instruments | 629 | 12,418 | ||
Adjusted Cash | 36,033,548 | 29,688,522 | ||
Deposits from banking customers | (6,119,455) | (4,023,679) | ||
Accounts payable to clients | (19,199,127) | (16,614,513) | ||
Current borrowings | (4,840,299) | (4,375,730) | ||
Obligations to FIDC quota holders | (505,231) | (975,248) | ||
Current derivative financial liabilities | (316,171) | (209,714) | ||
Net debt | (30,980,283) | (26,198,884) | ||
Adjusted net cash | R$ 5053265 | R$ 3489638 |
Other assets (Details)
Other assets (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Subclassifications of assets, liabilities and equities [abstract] | ||
Other Assets Customer deferred acquisition costs | R$ 190239 | R$ 199920 |
Other Assets Prepaid expenses | 189,371 | 230,681 |
Other Assets Salary advances | 52,586 | 41,294 |
Other Assets Judicial deposits | 22,507 | 17,682 |
Other Assets Security deposits | 14,230 | 15,011 |
Other Assets Convertible loans | 10,527 | 12,328 |
Other Assets Other | 38,902 | 54,965 |
Other assets | 518,362 | 571,881 |
Current | 380,854 | 365,355 |
Non-current | 137,508 | 206,526 |
Prepaid Balance of Global Group Agreement | R$ 96198 | R$ 163065 |
Recoverable taxes (Details)
Recoverable taxes (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Recoverable Taxes [abstract] | ||
Withholding income tax on finance income | R$ 101579 | R$ 87701 |
Income tax and social contribution | (9,584) | (9,872) |
Others withholding income tax | 19,710 | 36,212 |
Contributions over revenue | 544 | 3,410 |
Other Taxes | (14,922) | (13,761) |
Recoverable taxes | R$ 146339 | R$ 150956 |
Income taxes - Additional Infor
Income taxes - Additional Information (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates [line items] | |||
Brazilian statutory rate | 34% | 34% | 34% |
Accumulated tax loss carryforwards | R$ 133710 | R$ 144529 | |
Tax benefit arising from previously unrecognised tax loss, tax credit or temporary difference of prior period used to reduce current tax expense | 1,099 | 1,292 | R$ 22492 |
Current tax expense (income) | (345,813) | (292,172) | (171,621) |
Adjustments for deferred tax of prior periods | 23,057 | 0 | 0 |
Tax effect of unrealized gain on previously held interest on acquisition | 0 | 0 | 6,161 |
Tax Effect of Interest on Capital | R$ 0 | R$ 560 | R$ 5933 |
Federal Tax Authorities Of Cayman [Member] | |||
Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates [line items] | |||
Brazilian statutory rate | 15% | ||
Federal tax authorities of Brazil | |||
Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates [line items] | |||
Brazilian statutory rate | 34% |
Income taxes - Summary of Recon
Income taxes - Summary of Reconciliation of Income Tax Expense to Profit (Loss) (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract] | |||
Adjusted profit before income taxes | R$ 1970818 | R$ 387290 | R$ 1445554 |
Brazilian statutory rate | 34% | 34% | 34% |
Rate of annual taxable | 30% | ||
Tax benefit/(expense) at the statutory rate | R$ 670078 | R$ 131679 | R$ 491488 |
Additions exclusions [abstract] | |||
Tax Expense Income of Entities Exempt from Taxation | 228,953 | 48,594 | 3,931 |
Tax effect of Gains (Losses) On Equity Securities At Fair Value Through Profit or Loss | 10,395 | (290,039) | (429,832) |
Tax effect of other permanent differences | (13,715) | (10,609) | 4,325 |
Tax effect of equity pickup on associates | (1,421) | (1,220) | (3,548) |
Tax effect of unrecorded deferred taxes | (15,966) | (33,465) | (40,165) |
Prior years unrecorded deferred taxes | (23,057) | 0 | 0 |
Tax effect of unrealized gain on previously held interest on acquisition | 0 | 0 | 6,161 |
Tax Effect of Interest on Capital | 0 | 560 | 5,933 |
Tax benefit arising from previously unrecognised tax loss, tax credit or temporary difference of prior period used to reduce current tax expense | 1,099 | 1,292 | 22,492 |
Tax effect of research and development tax benefit | 59,155 | 10,275 | 4,688 |
Tax effect of other tax incentives | 8,123 | 3,827 | 2,733 |
Income taxes and social contributions | R$ 370398 | R$ 139106 | R$ 68206 |
Effective tax rate | 19% | (36.00%) | 5% |
Current tax expense (income) | R$ 345813 | R$ 292172 | R$ 171621 |
Deferred income tax and social contribution | 24,585 | (153,066) | (239,827) |
Income taxes and social contributions | R$ 370398 | R$ 139106 | R$ 68206 |
Income taxes - Schedule of Net
Income taxes - Schedule of Net Changes in Deferred Income Taxes (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||
Deferred tax beginning balance | R$ 179724 | R$ 49419 |
Recognized against other comprehensive income | (35,786) | 88,395 |
Recognized against profit or loss | (24,585) | 153,066 |
Recognized against goodwill | (1,375) | (12,318) |
Deferred tax ending balance | 117,978 | 179,724 |
Assets at FVOCI | ||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||
Deferred tax beginning balance | 215,730 | 127,335 |
Recognized against other comprehensive income | (35,786) | 88,395 |
Recognized against profit or loss | 0 | 0 |
Recognized against goodwill | 0 | 0 |
Deferred tax ending balance | 179,944 | 215,730 |
Losses Available For Offsetting Against Future Taxable Income | ||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||
Deferred tax beginning balance | 385,634 | 317,725 |
Recognized against other comprehensive income | 0 | 0 |
Recognized against profit or loss | (42,321) | 67,909 |
Recognized against goodwill | 0 | 0 |
Deferred tax ending balance | 343,313 | 385,634 |
Other temporary differences | ||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||
Deferred tax beginning balance | 273,625 | 107,364 |
Recognized against other comprehensive income | 0 | 0 |
Recognized against profit or loss | 28,926 | 166,261 |
Recognized against goodwill | 0 | 0 |
Deferred tax ending balance | 302,551 | 273,625 |
Tax deductible goodwill | ||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||
Deferred tax beginning balance | 69,017 | 111,298 |
Recognized against other comprehensive income | 0 | 0 |
Recognized against profit or loss | (26,392) | (42,281) |
Recognized against goodwill | 0 | 0 |
Deferred tax ending balance | 42,625 | 69,017 |
Share-based compensation | ||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||
Deferred tax beginning balance | 58,815 | 41,150 |
Recognized against other comprehensive income | 0 | 0 |
Recognized against profit or loss | 64,396 | 17,665 |
Recognized against goodwill | 0 | 0 |
Deferred tax ending balance | 123,211 | 58,815 |
Contingencies arising from business combinations | ||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||
Deferred tax beginning balance | 51,313 | 48,284 |
Recognized against other comprehensive income | 0 | 0 |
Recognized against profit or loss | (14,993) | 3,029 |
Recognized against goodwill | 0 | 0 |
Deferred tax ending balance | 36,320 | 51,313 |
Assets At Fair Value Through Profit Or Loss | ||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||
Deferred tax beginning balance | (993) | (4,583) |
Recognized against other comprehensive income | 0 | 0 |
Recognized against profit or loss | 993 | 3,590 |
Recognized against goodwill | 0 | 0 |
Deferred tax ending balance | 0 | (993) |
Technological Innovation Benefit | ||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||
Deferred tax beginning balance | (31,557) | (18,493) |
Recognized against other comprehensive income | 0 | 0 |
Recognized against profit or loss | 22,519 | (13,064) |
Recognized against goodwill | 0 | 0 |
Deferred tax ending balance | (9,038) | (31,557) |
Temporary differences under fundo de investimento em direitos creditorios | ||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||
Deferred tax beginning balance | (147,924) | (69,556) |
Recognized against other comprehensive income | 0 | 0 |
Recognized against profit or loss | (76,809) | (78,368) |
Recognized against goodwill | 0 | 0 |
Deferred tax ending balance | (224,733) | (147,924) |
Intangible assets and property and equipment arising from business combinations | ||
Reconciliation of changes in deferred tax liability (asset) [abstract] | ||
Deferred tax beginning balance | (693,936) | (709,943) |
Recognized against other comprehensive income | 0 | 0 |
Recognized against profit or loss | 19,096 | 28,325 |
Recognized against goodwill | (1,375) | (12,318) |
Deferred tax ending balance | R$ 676215 | R$ 693936 |
Property and equipment - Summar
Property and equipment - Summary of Property and Equipment (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 1641178 | R$ 1569520 |
Additions | 71,565 | 178,793 |
Disposals (a) | (50,909) | (111,885) |
Transfers | 0 | |
Effects of hyperinflation | 17 | (222) |
Effects of changes in foreign exchange rates | (80) | 3,478 |
Business combination | 1,494 | |
Ending balance | (1,661,897) | (1,641,178) |
Cost | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 2,681,961 | 2,217,699 |
Additions | 656,876 | 692,206 |
Disposals (a) | (284,571) | (232,505) |
Transfers | 0 | |
Effects of hyperinflation | 17 | (222) |
Effects of changes in foreign exchange rates | 1,230 | 3,289 |
Business combination | 1,494 | |
Ending balance | (3,053,019) | (2,681,961) |
Depreciation | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (1,040,783) | (648,179) |
Additions | (585,311) | (513,413) |
Disposals (a) | 233,662 | 120,620 |
Transfers | 0 | |
Effects of hyperinflation | 0 | 0 |
Effects of changes in foreign exchange rates | (1,310) | 189 |
Business combination | 0 | |
Ending balance | R$ 1391122 | 1,040,783 |
Pin pads and POS [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 5 years | |
Pin pads and POS [member] | Top of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 360 days | |
Pin pads and POS [member] | Bottom of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 180 days | |
Pin pads and POS [member] | Cost | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 1948382 | 1,498,271 |
Additions | 563,884 | 569,895 |
Disposals (a) | (152,952) | (119,784) |
Transfers | 0 | |
Effects of hyperinflation | 0 | 0 |
Effects of changes in foreign exchange rates | 0 | 0 |
Business combination | 0 | |
Ending balance | (2,359,314) | (1,948,382) |
Pin pads and POS [member] | Depreciation | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (740,468) | (438,346) |
Additions | (455,632) | (379,442) |
Disposals (a) | 130,694 | 77,320 |
Transfers | 0 | |
Effects of hyperinflation | 0 | 0 |
Effects of changes in foreign exchange rates | 0 | 0 |
Business combination | 0 | |
Ending balance | R$ 1065406 | 740,468 |
IT equipment [member] | Top of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 10 years | |
IT equipment [member] | Bottom of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 3 years | |
IT equipment [member] | Cost | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 262405 | 246,543 |
Additions | 51,743 | 19,807 |
Disposals (a) | (27,612) | (5,322) |
Transfers | 8,754 | |
Effects of hyperinflation | (165) | 0 |
Effects of changes in foreign exchange rates | 125 | 25 |
Business combination | 1,352 | |
Ending balance | (295,330) | (262,405) |
IT equipment [member] | Depreciation | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (145,406) | (95,553) |
Additions | (53,143) | (55,803) |
Disposals (a) | 26,027 | 5,968 |
Transfers | 0 | |
Effects of hyperinflation | 0 | 0 |
Effects of changes in foreign exchange rates | (5) | (18) |
Business combination | 0 | |
Ending balance | R$ 172517 | 145,406 |
Facilities [member] | Top of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 14 years | |
Facilities [member] | Bottom of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 3 years | |
Facilities [member] | Cost | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 91820 | 90,186 |
Additions | 2,488 | 5,005 |
Disposals (a) | (20,846) | (2,949) |
Transfers | 4,669 | |
Effects of hyperinflation | 68 | (285) |
Effects of changes in foreign exchange rates | 469 | (137) |
Business combination | 0 | |
Ending balance | (77,594) | (91,820) |
Facilities [member] | Depreciation | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (37,739) | (25,066) |
Additions | (13,671) | (13,497) |
Disposals (a) | 20,618 | 726 |
Transfers | 0 | |
Effects of hyperinflation | 0 | 0 |
Effects of changes in foreign exchange rates | (285) | 98 |
Business combination | 0 | |
Ending balance | R$ 30507 | 37,739 |
Buildings [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 34 years | |
Furniture And Fixtures [member] | Top of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 10 years | |
Furniture And Fixtures [member] | Bottom of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 3 years | |
Furniture And Fixtures [member] | Cost | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 24150 | 24,754 |
Additions | 1,025 | 1,123 |
Disposals (a) | (3,413) | (1,849) |
Transfers | 960 | |
Effects of hyperinflation | 16 | 1 |
Effects of changes in foreign exchange rates | 22 | 3 |
Business combination | 118 | |
Ending balance | (22,684) | (24,150) |
Furniture And Fixtures [member] | Depreciation | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (7,054) | (5,516) |
Additions | (2,316) | (2,424) |
Disposals (a) | 2,560 | 890 |
Transfers | 0 | |
Effects of hyperinflation | 0 | 0 |
Effects of changes in foreign exchange rates | (12) | (4) |
Business combination | 0 | |
Ending balance | R$ 6798 | 7,054 |
Machinery and equipment [member] | Top of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 14 years | |
Machinery and equipment [member] | Bottom of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 5 years | |
Machinery and equipment [member] | Cost | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 23521 | 25,776 |
Additions | 4,241 | 5,445 |
Disposals (a) | (2,702) | (11,520) |
Transfers | 0 | |
Effects of hyperinflation | 93 | 186 |
Effects of changes in foreign exchange rates | 1,017 | 3,610 |
Business combination | 24 | |
Ending balance | (23,950) | (23,521) |
Machinery and equipment [member] | Depreciation | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (18,571) | (17,861) |
Additions | (4,463) | (4,613) |
Disposals (a) | 2,495 | 3,792 |
Transfers | 0 | |
Effects of hyperinflation | 0 | 0 |
Effects of changes in foreign exchange rates | (500) | 111 |
Business combination | 0 | |
Ending balance | R$ 20039 | 18,571 |
Vehicles and Airplanes [Member] | Top of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 10 years | |
Vehicles and Airplanes [Member] | Bottom of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 2 years | |
Vehicles [member] | Cost | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 27296 | 43,586 |
Additions | 49 | 97 |
Disposals (a) | (14) | (16,433) |
Transfers | 0 | |
Effects of hyperinflation | 5 | 87 |
Effects of changes in foreign exchange rates | 151 | (41) |
Business combination | 0 | |
Ending balance | (27,175) | (27,296) |
Vehicles [member] | Depreciation | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (2,437) | (2,498) |
Additions | (3,123) | (3,534) |
Disposals (a) | 51 | 3,593 |
Transfers | 0 | |
Effects of hyperinflation | 0 | 0 |
Effects of changes in foreign exchange rates | (41) | 2 |
Business combination | 0 | |
Ending balance | 5,468 | 2,437 |
Construction in progress [member] | Cost | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 50,320 | 14,078 |
Additions | 192 | 43,652 |
Disposals (a) | (5,167) | (7,410) |
Transfers | (14,383) | |
Effects of hyperinflation | 0 | 0 |
Effects of changes in foreign exchange rates | 0 | 0 |
Business combination | 0 | |
Ending balance | (30,962) | (50,320) |
Right of Use Assets - Equipment [Member] | Cost | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 4,823 | 4,629 |
Additions | 64 | 194 |
Disposals (a) | (7) | 0 |
Transfers | 0 | |
Effects of hyperinflation | 0 | 0 |
Effects of changes in foreign exchange rates | 0 | 0 |
Business combination | 0 | |
Ending balance | (4,880) | (4,823) |
Right of Use Assets - Equipment [Member] | Depreciation | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (1,031) | (505) |
Additions | (129) | (526) |
Disposals (a) | 10 | 0 |
Transfers | 0 | |
Effects of hyperinflation | 0 | 0 |
Effects of changes in foreign exchange rates | 0 | 0 |
Business combination | 0 | |
Ending balance | 1,150 | 1,031 |
Right of use assets vehicles [Member] | Cost | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 43,794 | 31,547 |
Additions | 3,785 | 18,171 |
Disposals (a) | (15,603) | (5,924) |
Transfers | 0 | |
Effects of hyperinflation | 0 | 0 |
Effects of changes in foreign exchange rates | 0 | 0 |
Business combination | 0 | |
Ending balance | (31,976) | (43,794) |
Right of use assets vehicles [Member] | Depreciation | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (21,663) | (14,187) |
Additions | (15,988) | (13,125) |
Disposals (a) | 14,349 | 5,649 |
Transfers | 0 | |
Effects of hyperinflation | 0 | 0 |
Effects of changes in foreign exchange rates | 0 | 0 |
Business combination | 0 | |
Ending balance | 23,302 | 21,663 |
Right of use assets offices [Member] | Cost | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 205,450 | 238,329 |
Additions | 29,405 | 28,817 |
Disposals (a) | (56,255) | (61,314) |
Transfers | 0 | |
Effects of hyperinflation | 0 | (211) |
Effects of changes in foreign exchange rates | (554) | (171) |
Business combination | 0 | |
Ending balance | (179,154) | (205,450) |
Right of use assets offices [Member] | Depreciation | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (66,414) | (48,647) |
Additions | (36,846) | (40,449) |
Disposals (a) | 36,858 | 22,682 |
Transfers | 0 | |
Effects of hyperinflation | 0 | 0 |
Effects of changes in foreign exchange rates | (467) | 0 |
Business combination | 0 | |
Ending balance | R$ 65935 | R$ 66414 |
Property and equipment - Summ_2
Property and equipment - Summary of Depreciation and Amortization Expenses (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Property, plant and equipment [abstract] | |||
Cost of services | R$ 606639 | R$ 529793 | R$ 299240 |
General and administrative expenses | 229,394 | 226,353 | 161,331 |
Selling expenses | 42,148 | 43,879 | 46,798 |
Other income or expenses, net | 0 | 301 | 0 |
Depreciation and amortization | 878,181 | 800,326 | 507,369 |
Depreciation charge | 585,311 | 513,413 | 310,630 |
Amortization charge | R$ 292870 | R$ 286913 | R$ 196739 |
Property and equipment - Additi
Property and equipment - Additional Information (Details) - Pin pads and POS [member] | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life measured as period of time, property, plant and equipment | 5 years |
Top of range | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life measured as period of time, property, plant and equipment | 360 days |
Bottom of range | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life measured as period of time, property, plant and equipment | 180 days |
Intangible assets - Estimated u
Intangible assets - Estimated useful lives (Details) | 12 Months Ended |
Dec. 31, 2023 | |
Software | Bottom of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 3 years |
Software | Top of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 10 years |
Customer Relationship | Bottom of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 2 years |
Customer Relationship | Top of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 34 years 6 months |
Trademarks and patents | Bottom of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 7 years |
Trademarks and patents | Top of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 30 years 10 months 24 days |
Non-compete agreement | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 5 years |
Licenses | Bottom of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 1 year |
Licenses | Top of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 5 years |
Intangible assets - Summary of
Intangible assets - Summary of Intangible Assets (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | R$ 8632332 | R$ 8277518 | |
Additions | 222,870 | 1,091 | |
Disposals | (45,755) | (90,634) | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 681 | 1,754 | |
Effects of changes in foreign exchange rates | (17,093) | (11,592) | |
Business combination (a) | (1,884) | (454,195) | |
Intangible assets ending balance | 8,794,919 | 8,632,332 | R$ 8277518 |
Cost | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 9,340,909 | 8,822,329 | |
Additions | 515,740 | 288,004 | |
Disposals | (166,373) | (207,934) | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 681 | 1,754 | |
Effects of changes in foreign exchange rates | (21,681) | (17,439) | |
Business combination (a) | (1,884) | (454,195) | |
Intangible assets ending balance | 9,671,160 | 9,340,909 | 8,822,329 |
Cost | Goodwill | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 5,647,421 | 5,591,489 | |
Additions | 0 | 0 | |
Disposals | 0 | (22,774) | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 0 | 0 | |
Effects of changes in foreign exchange rates | (10,358) | (12,111) | |
Business combination (a) | (2,160) | (90,817) | |
Intangible assets ending balance | 5,634,903 | 5,647,421 | 5,591,489 |
Cost | Customer Relationship | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 1,793,405 | 1,747,444 | |
Additions | 6,285 | 21,075 | |
Disposals | (7,934) | (4,015) | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 0 | 0 | |
Effects of changes in foreign exchange rates | 0 | (152) | |
Business combination (a) | (1,940) | (29,053) | |
Intangible assets ending balance | 1,793,696 | 1,793,405 | 1,747,444 |
Cost | Trademarks and patents | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 551,000 | 262,036 | |
Additions | 1 | 0 | |
Disposals | (2) | 0 | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 0 | 0 | |
Effects of changes in foreign exchange rates | 0 | 0 | |
Business combination (a) | 0 | (288,964) | |
Intangible assets ending balance | 550,999 | 551,000 | 262,036 |
Cost | Software | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 1,162,311 | 1,066,470 | |
Additions | 220,627 | 207,086 | |
Disposals | (62,862) | (170,997) | |
Transfers | 23,160 | 17,117 | |
Effects of hyperinflation | 681 | 1,754 | |
Effects of changes in foreign exchange rates | (11,323) | (4,480) | |
Business combination (a) | (2,104) | (45,361) | |
Intangible assets ending balance | 1,334,698 | 1,162,311 | 1,066,470 |
Cost | Non-compete agreement | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 26,024 | 26,024 | |
Additions | 0 | 0 | |
Disposals | 0 | 0 | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 0 | 0 | |
Effects of changes in foreign exchange rates | 0 | 0 | |
Business combination (a) | 0 | 0 | |
Intangible assets ending balance | 26,024 | 26,024 | 26,024 |
Cost | Operating license | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 5,674 | 12,443 | |
Additions | 0 | 0 | |
Disposals | 0 | (6,073) | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 0 | 0 | |
Effects of changes in foreign exchange rates | 0 | (696) | |
Business combination (a) | 0 | 0 | |
Intangible assets ending balance | 5,674 | 5,674 | 12,443 |
Cost | Software in progress | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 66,820 | 43,960 | |
Additions | 254,664 | 43,115 | |
Disposals | (23,716) | (3,138) | |
Transfers | (23,160) | (17,117) | |
Effects of hyperinflation | 0 | 0 | |
Effects of changes in foreign exchange rates | 0 | 0 | |
Business combination (a) | 0 | 0 | |
Intangible assets ending balance | 274,608 | 66,820 | 43,960 |
Cost | Right of use assets software | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 88,254 | 72,463 | |
Additions | 34,163 | 16,728 | 5,626 |
Disposals | (71,859) | (937) | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 0 | 0 | |
Effects of changes in foreign exchange rates | 0 | 0 | |
Business combination (a) | 0 | 0 | |
Intangible assets ending balance | 50,558 | 88,254 | 72,463 |
Accumulated depreciation and amortisation [member] | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | (708,577) | (544,811) | |
Additions | (292,870) | (286,913) | |
Disposals | 120,618 | 117,300 | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 0 | 0 | |
Effects of changes in foreign exchange rates | 4,588 | 5,847 | |
Business combination (a) | 0 | 0 | |
Intangible assets ending balance | (876,241) | (708,577) | (544,811) |
Accumulated depreciation and amortisation [member] | Customer Relationship | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | (278,032) | (217,090) | |
Additions | (70,690) | (73,897) | |
Disposals | 4,741 | 9,650 | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 0 | 0 | |
Effects of changes in foreign exchange rates | 0 | 3,305 | |
Business combination (a) | 0 | 0 | |
Intangible assets ending balance | (343,981) | (278,032) | (217,090) |
Accumulated depreciation and amortisation [member] | Trademarks and patents | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | (10,816) | (6,908) | |
Additions | (9,404) | (3,908) | |
Disposals | 1 | 0 | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 0 | 0 | |
Effects of changes in foreign exchange rates | 0 | 0 | |
Business combination (a) | 0 | 0 | |
Intangible assets ending balance | (20,219) | (10,816) | (6,908) |
Accumulated depreciation and amortisation [member] | Software | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | (337,935) | (264,399) | |
Additions | (184,397) | (174,358) | |
Disposals | 43,581 | 100,754 | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 0 | 0 | |
Effects of changes in foreign exchange rates | 4,588 | 68 | |
Business combination (a) | 0 | 0 | |
Intangible assets ending balance | (474,163) | (337,935) | (264,399) |
Accumulated depreciation and amortisation [member] | Non-compete agreement | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | (7,751) | (1,106) | |
Additions | (5,083) | (6,645) | |
Disposals | 0 | 0 | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 0 | 0 | |
Effects of changes in foreign exchange rates | 0 | 0 | |
Business combination (a) | 0 | 0 | |
Intangible assets ending balance | (12,834) | (7,751) | (1,106) |
Accumulated depreciation and amortisation [member] | Operating license | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | (6,108) | (10,854) | |
Additions | (16) | (3,801) | |
Disposals | 451 | 6,073 | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 0 | ||
Effects of changes in foreign exchange rates | 0 | 2,474 | |
Business combination (a) | 0 | 0 | |
Intangible assets ending balance | (5,673) | (6,108) | (10,854) |
Accumulated depreciation and amortisation [member] | Right of use assets software | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | (67,935) | (44,454) | |
Additions | (23,280) | (24,304) | |
Disposals | 71,844 | 823 | |
Transfers | 0 | 0 | |
Effects of hyperinflation | 0 | 0 | |
Effects of changes in foreign exchange rates | 0 | 0 | |
Business combination (a) | 0 | 0 | |
Intangible assets ending balance | R$ 19371 | R$ 67935 | R$ 44454 |
Intangible assets - Additional
Intangible assets - Additional Information (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about intangible assets [line items] | ||
Explanation of period over which management has projected cash flows | The recoverable amount of the Group’s CGUs as of October 31, 2023 and as of November 30, 2022 has been determined based on a value in use calculation using cash flow projections from financial budgets approved by Board of Officers, covering a period of five years in 2023 and 2022. | |
Forecast period over cash flow to equity | 5 years | |
Cash-generating units | ||
Disclosure of detailed information about intangible assets [line items] | ||
Description of discount rates applied to cash flow projections | 12.56% | |
Description of growth rate used to extrapolate cash flow projections | 6% | 6% |
Increased pre-tax discount rate | 10,000% | |
Decrease of perpetuity rate | 5,000% | |
Decrease percentage over cash flow to equity year one | 100,000% | |
Decrease in value of expected synergies originated in business combination, percent | 1,000% | |
Cash-generating units | Minimum | ||
Disclosure of detailed information about intangible assets [line items] | ||
Discounted cash flow projection period | 11.73% | 12.16% |
Cash-generating units | Maximum | ||
Disclosure of detailed information about intangible assets [line items] | ||
Discounted cash flow projection period | 13.75% | 14.39% |
CGU 1 - Linx Group | ||
Disclosure of detailed information about intangible assets [line items] | ||
Forecast period over cash flow to equity | 5 years | |
CGU 2 - Software [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount of subsidiaries | R$ 1086957 | |
Impairment loss of subsidiaries | R$ 193551 | |
CGU 2 - Software [Member] | Minimum | ||
Disclosure of detailed information about intangible assets [line items] | ||
Description of discount rates applied to cash flow projections | 11.73% | |
CGU 2 - Software [Member] | Maximum | ||
Disclosure of detailed information about intangible assets [line items] | ||
Description of discount rates applied to cash flow projections | 12.73% |
Intangible assets - Summary o_2
Intangible assets - Summary of CGU's (Details) R$ in Thousands | Dec. 31, 2023 BRL (R$) |
CGU1 Financial Services | |
Disclosure of information for cash-generating units [line items] | |
Goodwill | R$ 444140 |
Intangible assets with indefinite useful life | 14,497 |
CGU 5 - Financial Assets Register [Member] | |
Disclosure of information for cash-generating units [line items] | |
Goodwill | 5,147,296 |
Intangible assets with indefinite useful life | 248,422 |
CGU 2 - Technology Enterprises [Member] | |
Disclosure of information for cash-generating units [line items] | |
Goodwill | 44,535 |
Intangible assets with indefinite useful life | R$ 2962 |
Taxes payable - Schedule of Tax
Taxes payable - Schedule of Taxes Payable (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Taxes payable [abstract] | ||
Income tax (IRPJ and CSLL) | R$ 366366 | R$ 223764 |
Contributions over revenue (PIS and COFINS) | 76,719 | 51,065 |
Withholding income tax | 43,238 | 27,582 |
Taxes on services (ISS) | 13,367 | 11,702 |
Withholding taxes from services taken | 5,392 | 6,802 |
Other taxes and contributions | 9,217 | 8,190 |
Total taxes payable | R$ 514299 | R$ 329105 |
Taxes payable - Schedule of T_2
Taxes payable - Schedule of Taxes Payable (Parenthetical) (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Taxes payable [abstract] | ||
income tax on the accrual basis | R$ 356599 | R$ 208939 |
Transactions with related par_3
Transactions with related parties - Summary of Transactions were Carried Out with Related Parties (Details) - BRL (R$) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [line items] | |||
Revenue from rendering of services, related party transactions | R$ 159000 | R$ 89000 | R$ 33000 |
Purchases of goods, related party transactions | (3,207,000) | (1,800,000) | (3,090,000) |
Associates (legal and administration services) | |||
Disclosure of transactions between related parties [line items] | |||
Revenue from rendering of services, related party transactions | 153,000 | 86,000 | 23,000 |
Entity controlled management personnel | |||
Disclosure of transactions between related parties [line items] | |||
Revenue from rendering of services, related party transactions | 6,000 | 3,000 | 10,000 |
Purchases of goods, related party transactions | 0 | 0 | (1,531,000) |
Associate (transaction services) | |||
Disclosure of transactions between related parties [line items] | |||
Purchases of goods, related party transactions | (3,207,000) | (1,800,000) | (1,119,000) |
Associate (transaction services) | Officers and Directors | |||
Disclosure of transactions between related parties [line items] | |||
Purchases of goods, related party transactions | (253,000) | (86,000) | |
Service Provider | |||
Disclosure of transactions between related parties [line items] | |||
Purchases of goods, related party transactions | R$ 0 | R$ 0 | R$ 440000 |
Transactions with related par_4
Transactions with related parties - Summary of Balances Outstanding at the End of Reporting Period (Details) - BRL (R$) | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of transactions between related parties [line items] | ||
Receivables from related parties | R$ 2512000 | R$ 10053000 |
Receivables from related parties | 2,512,000 | 3,932,000 |
Allowance for expected credit losses on related parties | 0 | |
Convertible Notes [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Receivables from related parties | R$ 2512000 | R$ 3932000 |
Transactions with related par_5
Transactions with related parties - Additional Information (Details) - BRL (R$) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [line items] | |||
Purchases of goods, related party transactions | R$ 3207000 | R$ 1800000 | R$ 3090000 |
Allowance for expected credit losses on related parties | 0 | ||
Associate (transaction services) | |||
Disclosure of transactions between related parties [line items] | |||
Purchases of goods, related party transactions | 3,207,000 | 1,800,000 | R$ 1119000 |
Officers and Directors | Associate (transaction services) | |||
Disclosure of transactions between related parties [line items] | |||
Purchases of goods, related party transactions | R$ 253000 | R$ 86000 |
Transactions with related par_6
Transactions with related parties - Summary of Compensation Expense (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [abstract] | |||
Key management personnel compensation, short-term employee benefits | R$ 64904 | R$ 45169 | R$ 13621 |
Share-based payments | 86,215 | 64,038 | 29,332 |
Key management personnel compensation | R$ 151119 | R$ 109207 | R$ 42953 |
Provision for contingencies - S
Provision for contingencies - Schedule Of Nature And Movement Of The Liabilities (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Non-current provisions, beginning balance | R$ 210376 | R$ 181849 |
Additions | 108,863 | 47,710 |
Reversals | 103,038 | 28,861 |
Interest | 26,677 | (19,477) |
Payments | (34,012) | (9,799) |
Non-current provisions, ending balance | 208,866 | 210,376 |
Civil Provision [Member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Non-current provisions, beginning balance | 25,324 | 15,610 |
Additions | 46,723 | 29,460 |
Reversals | 22,598 | 13,471 |
Interest | 3,846 | (2,030) |
Payments | (17,433) | (8,305) |
Non-current provisions, ending balance | 35,862 | 25,324 |
Acquiring Civil Provision [Member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Other provisions | 18,556 | 15,082 |
Banking Civil Provision [Member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Other provisions | 12,559 | 6,355 |
Labor Provision [Member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Non-current provisions, beginning balance | 24,460 | 16,383 |
Additions | 38,533 | 8,759 |
Reversals | 24,624 | 1,654 |
Interest | 3,218 | (1,239) |
Payments | (1,882) | (267) |
Non-current provisions, ending balance | 39,705 | 24,460 |
Tax Provision [Member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Non-current provisions, beginning balance | 160,592 | 149,856 |
Additions | 23,607 | 9,491 |
Reversals | 55,816 | 13,736 |
Interest | 19,613 | (16,208) |
Payments | (14,697) | (1,227) |
Non-current provisions, ending balance | R$ 133299 | R$ 160592 |
Provision for contingencies - A
Provision for contingencies - Additional Information (Details) | 12 Months Ended | |
Dec. 31, 2023 BRL (R$) | Dec. 31, 2022 BRL (R$) | |
Disclosure of other provisions [line items] | ||
Judicial deposits | R$ 22507000 | R$ 17682 |
Estimated possible losses recognized | 234,104,000 | 557,990,000 |
Civil contingent liability [member] | ||
Disclosure of other provisions [line items] | ||
Estimated possible losses recognized | 50,762,000 | 178,809,000 |
Acquiring Civil contingent liability [Member] | ||
Disclosure of other provisions [line items] | ||
Other provisions | 9,239,000 | 89,466,000 |
Estimated possible losses recognized | 10,706,000 | 10,309,000 |
Banking Civil contingent liability [Member] | ||
Disclosure of other provisions [line items] | ||
Other provisions | 672,000 | 73,198,000 |
Credit Civil contingent liability [Member] | ||
Disclosure of other provisions [line items] | ||
Other provisions | 1,481,000 | 6,808,000 |
Software Civil contingent liability [Member] | ||
Disclosure of other provisions [line items] | ||
Other provisions | 28,412,000 | 5,605,000 |
Estimated possible losses recognized | 25,596,000 | 0 |
Annulment of Tax Debits Regarding Tax Assessment | ||
Disclosure of other provisions [line items] | ||
Contingent liability | 27,937,000 | 24,715,000 |
Probable contingent liability | R$ 129141000 | 93,605,000 |
ICMS tax rate | 0.25 | |
Fine rate | 0.50 | |
Annulment of Tax Debits Regarding Tax Assessment | Linx S.A. [Member] | ||
Disclosure of other provisions [line items] | ||
Contingent liability | R$ 29727000 | R$ 28130000 |
Provision for contingencies -_2
Provision for contingencies - Schedule of Provision for Estimated Possible Losses (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Estimated possible losses recognized | R$ 234104 | R$ 557990 |
Civil contingent liability [member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Estimated possible losses recognized | 50,762 | 178,809 |
Labor contingent liability [member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Estimated possible losses recognized | 2,179 | 238,523 |
Tax contingent liability [member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Estimated possible losses recognized | R$ 181163 | R$ 140658 |
Equity - Authorized capital (De
Equity - Authorized capital (Details) $ / shares in Units, R$ in Thousands | Dec. 31, 2023 BRL (R$) shares | Dec. 31, 2023 USD ($) $ / shares shares | Dec. 31, 2022 BRL (R$) |
Disclosure of classes of share capital [line items] | |||
Issued capital | R$ | R$ 76 | R$ 76 | |
Authorized share capital | $ | $ 50,000 | ||
Number of shares authorized (in shares) | shares | 630,000,000 | 630,000,000 | |
Par value per share (in dollars per share) | $ / shares | $ 0.000079365 |
Equity - Subscribed and paid-in
Equity - Subscribed and paid-in capital and capital reserve (Details) | 12 Months Ended | |
Dec. 31, 2023 shares | Dec. 31, 2022 shares | |
Disclosure of classes of share capital [line items] | ||
Beginning balance (in shares) | 312,873,599 | 312,531,248 |
Conversions (in shares) | 0 | |
Vested awards (in shares) | 1,373,921 | 342,351 |
Ending balance (in shares) | 314,247,520 | 312,873,599 |
Issued | 2,149,169,000 | 700,092,000 |
Class B common stock | ||
Disclosure of classes of share capital [line items] | ||
Issued | 226,691,000 | 115,660 |
Non voting shares [member] | Class A common stock | ||
Disclosure of classes of share capital [line items] | ||
Beginning balance (in shares) | 294,124,829 | 266,490,063 |
Conversions (in shares) | 27,292,415 | |
Vested awards (in shares) | 1,373,921 | 342,351 |
Ending balance (in shares) | 295,498,750 | 294,124,829 |
Voting shares [member] | Class B common stock | ||
Disclosure of classes of share capital [line items] | ||
Beginning balance (in shares) | 18,748,770 | 46,041,185 |
Conversions (in shares) | (27,292,415) | |
Vested awards (in shares) | 0 | 0 |
Ending balance (in shares) | 18,748,770 | 18,748,770 |
Equity - Treasury shares (Detai
Equity - Treasury shares (Details) R$ in Thousands | 12 Months Ended | ||||
Sep. 21, 2023 shares | Dec. 31, 2023 BRL (R$) shares | Dec. 31, 2021 BRL (R$) | Dec. 31, 2023 USD ($) shares | Dec. 31, 2022 shares | |
Disclosure of classes of share capital [line items] | |||||
Number of shares authorized (in shares) | 630,000,000 | 630,000,000 | |||
Treasury shares outstanding (in shares) | 130,488,000 | 130,488,000 | |||
Authorized share capital | $ | $ 50,000 | ||||
Maximum Number of Shares Repurchased | R$ | R$ 1000000 | ||||
Repurchase of shares | R$ | R$ 292745 | R$ 988824 | |||
Class A common stock | |||||
Disclosure of classes of share capital [line items] | |||||
Number of shares authorized (in shares) | 132,608 | 132,608 | |||
Treasury shares outstanding (in shares) | 5,311,421,000 | 5,311,421,000 | 233,772,000 | ||
Repurchase of common stock shares during the period (in shares) | 300,000,000 | 5,733,740,000 | |||
Proceeds from share repurchase program | R$ | R$ 292745 | ||||
Class A common stock | Restricted share units (RSUs) [Member] | |||||
Disclosure of classes of share capital [line items] | |||||
Treasury shares outstanding (in shares) | 375,531,000 | 375,531,000 | |||
Reclame Aqui | Class A common stock | |||||
Disclosure of classes of share capital [line items] | |||||
Number of shares authorized (in shares) | 1,977,391 | 1,977,391 | |||
Treasury shares outstanding (in shares) | 974,718 | 974,718 | |||
Authorized share capital | R$ | R$ 281359 | ||||
Trampolin | Class A common stock | |||||
Disclosure of classes of share capital [line items] | |||||
Treasury shares outstanding (in shares) | 16,641,000 | 16,641,000 | |||
Vitta corretora de seguros ltda. vitta group [Member] | Class A common stock | |||||
Disclosure of classes of share capital [line items] | |||||
Treasury shares outstanding (in shares) | 824,000 | 824,000 | |||
Linx S.A. [Member] | Class A common stock | |||||
Disclosure of classes of share capital [line items] | |||||
Treasury shares outstanding (in shares) | 132,607,000 | 132,607,000 |
Equity - Incentive shares (Deta
Equity - Incentive shares (Details) - shares | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of classes of share capital [line items] | ||
Shares lock-up period | 10 years | |
Number of incentive Shares | 5,321,769 | |
Number of shares granted for incentive shares for lock - up - period | 325,407,000 | 488,107,000 |
Equity - Other comprehensive in
Equity - Other comprehensive income (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of classes of share capital [line items] | |||
Exchange differences on translation of foreign operations | R$ 41266 | R$ 18243 | |
Accounts receivable from card issuers at fair value | (348,529) | (413,398) | |
Unrealized loss on cash flow hedge | (197,188) | (261,366) | R$ 261366 |
Fair value of equity instruments designated at fair value | 254,353 | 252,441 | |
Effects of hyperinflationary accounting | 12,181 | 7,865 | |
Changes in the fair value of equity instruments designated at fair value | R$ 320449 | R$ 432701 |
Earnings (loss) per share - Dis
Earnings (loss) per share - Disclosure of Numerator of Basic EPS Calculation Adjusted to Allocate Undistributed Earnings (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Earnings per share [abstract] | |||
Profit (loss), attributable to owners of parent | R$ 1592065 | R$ 519417 | R$ 1358813 |
Numerator of basic EPS | 1,592,065 | (519,417) | (1,358,813) |
Adjustments for expenses (revenues) related to potential common shares included in the net income attributable to controlling shareholders | (79,062) | 0 | 0 |
Numerator of diluted EPS | R$ 1513003 | R$ 519417 | R$ 1358813 |
Earnings (loss) per share - D_2
Earnings (loss) per share - Disclosure of Earnings (loss) per share (Details) - BRL (R$) R$ / shares in Units, R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Earnings per share [abstract] | |||
Numerator of basic EPS | R$ 1592065 | R$ 519417 | R$ 1358813 |
Weighted average number of outstanding shares | 312,574,647 | 311,880,008 | 308,905,398 |
Weighted average number of contingently issuable shares with conditions satisfied | 12,941 | 0 | 0 |
Denominator of basic EPS (in shares) | 312,587,588 | 311,880,008 | 308,905,398 |
Basic Number Of Shares | 312,587,588 | 311,880,008 | 308,905,398 |
Basic earnings per share (R$ per share) | R$ 5.09 | R$ 1.67 | R$ 4.40 |
Numerator of diluted EPS | R$ 1513003 | R$ 519417 | R$ 1358813 |
Share-based payments (in shares) | 6,679,569 | 0 | 0 |
Denominator of diluted EPS (in shares) | 319,267,157 | 311,880,008 | 308,905,398 |
Diluted earnings per share (R$ per share) | R$ 4.74 | R$ 1.67 | R$ 4.40 |
Earnings per share - Detail of
Earnings per share - Detail of potentially issuable common shares for purposes of Diluted EPS (Details) - shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Earnings per share [abstract] | |||
Shares issuable under share-based payment plans for which performance conditions have already been met | 13,578,978 | ||
Total weighted average shares that could have been purchased: compensation expense to be recognized in future periods divided by the weighted average market price of Company’s shares | (8,944,168) | ||
Other total weighted average shares potentially issuable for no additional consideration | 2,044,759 | ||
Share-based payments (in shares) | 6,679,569 | 0 | 0 |
Revenue and income - Summary of
Revenue and income - Summary of Total Revenue and Income (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Revenue [abstract] | |||
Net revenue from transaction activities and other services | R$ 3309765 | R$ 2617407 | R$ 1626853 |
Net revenue from subscription services and equipment rental | 1,824,956 | 1,760,915 | 1,071,932 |
Finance income | 6,229,303 | 4,638,022 | 1,877,683 |
Total revenue and income | R$ 12055003 | R$ 9588945 | R$ 4823761 |
Transaction Activities And Other Services | |||
Disclosure of significant accounting policies [line items] | |||
Social security levied on gross revenue | 4.50% | ||
Transaction Activities And Other Services | Minimum | |||
Disclosure of significant accounting policies [line items] | |||
Contribution on gross revenue for social integration program, rate | 0.65% | ||
Contribution on gross revenue for social security financing, rate | 3% | ||
Taxes on service | 2% | ||
Transaction Activities And Other Services | Maximum | |||
Disclosure of significant accounting policies [line items] | |||
Contribution on gross revenue for social integration program, rate | 1.65% | ||
Contribution on gross revenue for social security financing, rate | 7.60% | ||
Taxes on service | 5% | ||
Subscription Services And Equipment Rental | |||
Disclosure of significant accounting policies [line items] | |||
Social security levied on gross revenue | 0% | ||
Subscription Services And Equipment Rental | Minimum | |||
Disclosure of significant accounting policies [line items] | |||
Contribution on gross revenue for social integration program, rate | 0.65% | ||
Contribution on gross revenue for social security financing, rate | 3% | ||
Taxes on service | 2% | ||
Subscription Services And Equipment Rental | Maximum | |||
Disclosure of significant accounting policies [line items] | |||
Contribution on gross revenue for social integration program, rate | 1.65% | ||
Contribution on gross revenue for social security financing, rate | 7.60% | ||
Taxes on service | 5% | ||
Financial Income | |||
Disclosure of significant accounting policies [line items] | |||
Contribution on gross revenue for social integration program, rate | 0.65% | ||
Contribution on gross revenue for social security financing, rate | 4% | ||
Taxes on service | 0% | ||
Social security levied on gross revenue | 0% |
Revenue from contracts with cus
Revenue from contracts with customers - additional information (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Net revenue from transaction activities and other services Membership fees | R$ 315919 | R$ 230584 | R$ 132007 |
Net revenue from transaction activities and other services Business fees | 113,897 | 164,280 | 110,821 |
Accumulated impairment [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Contract assets | 110,035 | 97,982 | R$ 101008 |
Cost | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Contract assets | R$ 190239 | R$ 199920 |
Expenses by nature - Summary of
Expenses by nature - Summary of Expenses by Nature (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of attribution of expenses by nature to their function [line items] | |||
Personnel expenses | R$ 2731089 | R$ 2508567 | R$ 1489245 |
Financial expenses, net | 3,999,465 | 3,514,739 | 1,269,058 |
Mark-to-market on equity securities designated at FVPL | 30,574 | (853,056) | (1,264,213) |
Transaction and client services costs | 1,279,366 | 1,069,082 | 810,219 |
Depreciation and amortization | 878,181 | 800,326 | 507,369 |
Marketing expenses and sales commissions | 772,910 | 632,137 | 420,818 |
Expenses by nature third parties services | 261,281 | 332,081 | 305,517 |
Other expenses | 188,288 | 262,658 | 192,439 |
Total adjusted expenses | 10,080,006 | 9,972,646 | 6,258,878 |
Total expenses, by nature | R$ 6080541 | R$ 6457907 | R$ 4989820 |
Financial expenses, net (Detail
Financial expenses, net (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Analysis of income and expense [abstract] | |||
Finance cost of sale of receivables | R$ 3195130 | R$ 2463298 | R$ 690344 |
Finance cost Bonds | 402,231 | 385,681 | 118,560 |
Finance cost Other interest on borrowings and financing | 293,210 | 548,009 | 381,916 |
Finance Cost Foreign exchange (gains) and losses | (13,580) | (3,958) | (4,368) |
Finance Cost Other | 122,474 | 121,709 | 82,606 |
Financial expenses, net | R$ 3999465 | R$ 3514739 | R$ 1269058 |
Employee Benefits (Details)
Employee Benefits (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Classes of employee benefits expense [abstract] | |||
Wages and salaries | R$ 1923480 | R$ 1727760 | R$ 1055959 |
Social security contributions | 335,081 | 353,789 | 258,488 |
Profit sharing and annual bonuses | 221,289 | 213,942 | 61,629 |
Share-based payments | 251,239 | 213,076 | 113,169 |
Total of employee benefits | R$ 2731089 | R$ 2508567 | R$ 1489245 |
Share-Based Payment - Summary o
Share-Based Payment - Summary of Key Share-based Awards Expense and their Respective Equity or Liability Balances (Details) | 12 Months Ended | |
Dec. 31, 2023 shares segment category | Dec. 31, 2022 segment shares | |
Restricted share units (RSUs) [Member] | ||
Number of Shares Rollforward [Roll Forward] | ||
Ending balance | segment | 12,429,557,000 | |
Number of employees | category | 1,300 | |
Percentage of total employees | 8.50% | |
Restricted share units (RSUs) [Member] | Total | ||
Number of Shares Rollforward [Roll Forward] | ||
Beginning balance | 11,507,221,000 | 6,585,148,000 |
Granted | (5,293,655,000) | (6,171,570,000) |
Issued | (2,149,169,000) | 700,092,000 |
Cancelled | 2,222,150,000 | 549,405,000 |
Ending balance | (12,429,557,000) | 11,507,221,000 |
Performance share units (PSUs) [Member] | ||
Number of Shares Rollforward [Roll Forward] | ||
Ending balance | 8,305,048,000 | |
Number of employees | category | 200 | |
Percentage of total employees | 1.30% | |
Performance share units (PSUs) [Member] | Total | ||
Number of Shares Rollforward [Roll Forward] | ||
Beginning balance | 7,320,367,000 | 4,070,000,000 |
Granted | (1,141,273,000) | (4,606,897,000) |
Issued | 0 | 0 |
Cancelled | segment | (156,592,000) | (1,356,530,000) |
Ending balance | segment | 8,305,048,000 | 7,320,367,000 |
Stock Options [Member] | ||
Number of Shares Rollforward [Roll Forward] | ||
Ending balance | 45,159,000 | |
Stock Options [Member] | Total | ||
Number of Shares Rollforward [Roll Forward] | ||
Beginning balance | 45,159,000 | 32,502,000 |
Granted | 0 | (12,657,000) |
Issued | 0 | 0 |
Cancelled | 0 | 0 |
Ending balance | segment | 45,159,000 | 45,159,000 |
Beginning balance | 18,872,747,000 | 10,687,650,000 |
Granted | (6,434,928,000) | (10,791,124,000) |
Issued | 2,149,169,000 | 700,092,000 |
Cancelled | 2,378,742,000 | 1,905,935,000 |
Ending balance | 20,779,764,000 | 18,872,747,000 |
Employee benefits - Share-based
Employee benefits - Share-based payment plans (Details) R$ / shares in Units, R$ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 BRL (R$) shares segment category R$ / shares | Dec. 31, 2022 BRL (R$) segment shares | Dec. 31, 2021 BRL (R$) shares | Dec. 31, 2023 shares segment $ / shares | |
Restricted share units (RSUs) [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Number of employees | category | 1,300 | |||
Percentage of total employees | 8.50% | |||
Ending balance | segment | 12,429,557,000 | |||
Description of maximum term of equity granted for share-based payment arrangement | 2.9 years | |||
Number of share options outstanding in share-based payment arrangement | segment | 12,429,557,000 | 12,429,557,000 | ||
Restricted share units (RSUs) [Member] | Total | ||||
Disclosure of defined benefit plans [line items] | ||||
Beginning balance | 11,507,221,000 | 6,585,148,000 | ||
Granted | 5,293,655,000 | 6,171,570,000 | ||
Issued | 2,149,169,000 | (700,092,000) | ||
Cancelled | (2,222,150,000) | (549,405,000) | ||
Ending balance | (12,429,557,000) | 11,507,221,000 | 6,585,148,000 | |
Number of share options outstanding in share-based payment arrangement | (12,429,557,000) | 11,507,221,000 | 6,585,148,000 | (12,429,557,000) |
Restricted share units (RSUs) [Member] | Date of grant 2018 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Ending balance | segment | 1,507,070,000 | |||
Wheighted average fair value | R$ / shares | R$ 88800 | |||
Weighted average remaining expected life (years) | 2 years | |||
Number of share options outstanding in share-based payment arrangement | segment | 1,507,070,000 | 1,507,070,000 | ||
Restricted share units (RSUs) [Member] | Date of grant 2019 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Ending balance | segment | 12,997,000 | |||
Wheighted average fair value | R$ / shares | R$ 136080.00 | |||
Weighted average remaining expected life (years) | 1 year 4 months 24 days | |||
Number of share options outstanding in share-based payment arrangement | segment | 12,997,000 | 12,997,000 | ||
Restricted share units (RSUs) [Member] | Date of grant 2020 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Ending balance | segment | 180,012,000 | |||
Wheighted average fair value | R$ / shares | R$ 163180 | |||
Weighted average remaining expected life (years) | 4 years 1 month 6 days | |||
Number of share options outstanding in share-based payment arrangement | segment | 180,012,000 | 180,012,000 | ||
Restricted share units (RSUs) [Member] | Date of grant 2021 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Ending balance | segment | 1,153,100,000 | |||
Wheighted average fair value | R$ / shares | R$ 348490 | |||
Weighted average remaining expected life (years) | 4 years 10 months 24 days | |||
Number of share options outstanding in share-based payment arrangement | segment | 1,153,100,000 | 1,153,100,000 | ||
Restricted share units (RSUs) [Member] | Date of grant 2022 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Ending balance | segment | 5,659,123,000 | |||
Wheighted average fair value | R$ / shares | R$ 49560 | |||
Weighted average remaining expected life (years) | 2 years 3 months 18 days | |||
Number of share options outstanding in share-based payment arrangement | segment | 5,659,123,000 | 5,659,123,000 | ||
Restricted share units (RSUs) [Member] | Date of grant 2023 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Ending balance | segment | 3,917,255,000 | |||
Wheighted average fair value | R$ / shares | R$ 52220 | |||
Weighted average remaining expected life (years) | 2 years 9 months 18 days | |||
Number of share options outstanding in share-based payment arrangement | segment | 3,917,255,000 | 3,917,255,000 | ||
Restricted share units (RSUs) [Member] | Bottom of range | Date of grant 2018 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 4 years | |||
Restricted share units (RSUs) [Member] | Bottom of range | Date of grant 2019 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 5 years | |||
Restricted share units (RSUs) [Member] | Bottom of range | Date of grant 2020 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 5 years | |||
Restricted share units (RSUs) [Member] | Bottom of range | Date of grant 2021 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 1 year | |||
Restricted share units (RSUs) [Member] | Bottom of range | Date of grant 2022 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 1 year | |||
Restricted share units (RSUs) [Member] | Bottom of range | Date of grant 2023 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 1 year | |||
Restricted share units (RSUs) [Member] | Top of range | Date of grant 2018 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 10 years | |||
Restricted share units (RSUs) [Member] | Top of range | Date of grant 2019 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 10 years | |||
Restricted share units (RSUs) [Member] | Top of range | Date of grant 2020 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 10 years | |||
Restricted share units (RSUs) [Member] | Top of range | Date of grant 2021 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 10 years | |||
Restricted share units (RSUs) [Member] | Top of range | Date of grant 2022 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 10 years | |||
Restricted share units (RSUs) [Member] | Top of range | Date of grant 2023 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 9 years | |||
Stock Options [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Ending balance | 45,159,000 | |||
Number of share options outstanding in share-based payment arrangement | 45,159,000 | 45,159,000 | ||
Stock Options [Member] | Total | ||||
Disclosure of defined benefit plans [line items] | ||||
Beginning balance | 45,159,000 | 32,502,000 | ||
Granted | 0 | 12,657,000 | ||
Issued | 0 | 0 | ||
Cancelled | 0 | 0 | ||
Ending balance | 45,159,000 | 45,159,000 | 32,502,000 | |
Number of share options outstanding in share-based payment arrangement | 45,159,000 | 45,159,000 | 32,502,000 | 45,159,000 |
Stock Options [Member] | Date of grant 2018 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Ending balance | 39,999,000 | |||
Wheighted average fair value | R$ / shares | R$ 59590 | |||
Volatility | 50% | |||
Number of share options outstanding in share-based payment arrangement | 39,999,000 | 39,999,000 | ||
Exercisable at year end | 12,657 | |||
Exercise price | $ / shares | $ 24 | |||
Stock Options [Member] | Date of grant 2019 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Ending balance | 5,160,000 | |||
Wheighted average fair value | R$ / shares | R$ 81710 | |||
Volatility | 69.80% | |||
Weighted average remaining expected life (years) | 1 year 6 months | |||
Number of share options outstanding in share-based payment arrangement | 5,160,000 | 5,160,000 | ||
Exercisable at year end | 1,935 | |||
Exercise price | $ / shares | $ 30 | |||
Stock Options [Member] | Bottom of range | Date of grant 2018 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 5 years | |||
Weighted average remaining expected life (years) | 6 months | |||
Stock Options [Member] | Bottom of range | Date of grant 2019 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 3 years | |||
Stock Options [Member] | Top of range | Date of grant 2018 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 10 years | |||
Weighted average remaining expected life (years) | 5 years 6 months | |||
Stock Options [Member] | Top of range | Date of grant 2019 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 5 years | |||
Performance share units (PSUs) [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Number of employees | category | 200 | |||
Percentage of total employees | 1.30% | |||
Ending balance | 8,305,048,000 | |||
Description of maximum term of equity granted for share-based payment arrangement | 2.7 years | |||
Number of share options outstanding in share-based payment arrangement | 8,305,048,000 | 8,305,048,000 | ||
Performance share units (PSUs) [Member] | Total | ||||
Disclosure of defined benefit plans [line items] | ||||
Beginning balance | 7,320,367,000 | 4,070,000,000 | ||
Granted | 1,141,273,000 | 4,606,897,000 | ||
Issued | 0 | 0 | ||
Cancelled | segment | 156,592,000 | 1,356,530,000 | ||
Ending balance | 8,305,048,000 | 7,320,367,000 | 4,070,000,000 | |
Number of share options outstanding in share-based payment arrangement | 8,305,048,000 | 7,320,367,000 | 4,070,000,000 | 8,305,048,000 |
Performance share units (PSUs) [Member] | Date of grant 2021 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Ending balance | 2,849,000,000 | |||
Vesting conditions | 5 years | |||
Wheighted average fair value | R$ / shares | R$ 26.74 | |||
Volatility | 71.80% | |||
Risk-free rate | 0.82% | |||
Weighted average remaining expected life (years) | 2 years 4 months 24 days | |||
Number of share options outstanding in share-based payment arrangement | 2,849,000,000 | 2,849,000,000 | ||
Performance share units (PSUs) [Member] | Date of grant 2022 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Ending balance | 4,602,578,000 | |||
Wheighted average fair value | R$ / shares | R$ 2.71 | |||
Weighted average remaining expected life (years) | 2 years 8 months 12 days | |||
Number of share options outstanding in share-based payment arrangement | 4,602,578,000 | 4,602,578,000 | ||
Performance share units (PSUs) [Member] | Date of grant 2023 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Ending balance | 853,470,000 | |||
Wheighted average fair value | R$ / shares | R$ 4.06 | |||
Weighted average remaining expected life (years) | 2 years 10 months 24 days | |||
Number of share options outstanding in share-based payment arrangement | 853,470,000 | 853,470,000 | ||
Performance share units (PSUs) [Member] | Bottom of range | Date of grant 2022 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 2 years | |||
Volatility | 76.50% | |||
Risk-free rate | 2.18% | |||
Performance share units (PSUs) [Member] | Bottom of range | Date of grant 2023 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 1 year 4 months 24 days | |||
Volatility | 73.80% | |||
Risk-free rate | 3.95% | |||
Performance share units (PSUs) [Member] | Top of range | Date of grant 2022 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 5 years | |||
Volatility | 83.30% | |||
Risk-free rate | 4.34% | |||
Performance share units (PSUs) [Member] | Top of range | Date of grant 2023 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 5 years 3 months 18 days | |||
Volatility | 83.40% | |||
Risk-free rate | 5.60% | |||
Beginning balance | 18,872,747,000 | 10,687,650,000 | ||
Granted | 6,434,928,000 | 10,791,124,000 | ||
Issued | (2,149,169,000) | (700,092,000) | ||
Cancelled | (2,378,742,000) | (1,905,935,000) | ||
Ending balance | 20,779,764,000 | 18,872,747,000 | 10,687,650,000 | |
Number of share options outstanding in share-based payment arrangement | 20,779,764,000 | 18,872,747,000 | 10,687,650,000 | 20,779,764,000 |
Share-based payments | R$ | R$ 251239 | R$ 213076 | R$ 113169 | |
Bottom of range | ||||
Disclosure of defined benefit plans [line items] | ||||
Repurchase right exercise | three | |||
Top of range | ||||
Disclosure of defined benefit plans [line items] | ||||
Repurchase right exercise | ten |
Labor and social security liabi
Labor and social security liabilities - Summary of Labor and social security liabilities (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Labor and Social Security Liabilities [Abstract] | ||
Accrued Annual Payment, Charge On Social | R$ 435915 | R$ 398891 |
Labor Liabilities | 114,135 | 105,550 |
Total labor and social security liabilities | 550,050 | 504,441 |
Labor and social security liabilities | 515,749 | 468,599 |
Labor and social security liabilities | R$ 34301 | R$ 35842 |
Share-Based Payment - Additiona
Share-Based Payment - Additional Information (Details) | 12 Months Ended |
Dec. 31, 2023 | |
Restricted share units (RSUs) [Member] | |
Disclosure of defined benefit plans [line items] | |
Description of maximum term of equity granted for share-based payment arrangement | 2.9 years |
Performance share units (PSUs) [Member] | |
Disclosure of defined benefit plans [line items] | |
Description of maximum term of equity granted for share-based payment arrangement | 2.7 years |
Transactions with non-control_3
Transactions with non-controlling interests - Schedule of Effects of Transactions With Non-controlling Interests on Equity Attributable to Owners of Parent (Details) - Transactions between subsidiaries and shareholders - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of noncontrolling interests [line items] | |||
Capital contributions (deductions) by non-controlling interests | R$ 0 | R$ 60 | R$ 229607 |
Transfers to (from) non-controlling interests | (3,855) | (17,079) | (28,879) |
Changes in equity attributable to controlling shareholders | 0 | 0 | 308,411 |
Consideration paid or payable to non-controlling interests | 0 | 2,829 | 229,280 |
Issuance of shares for purchased noncontrolling interests | |||
Disclosure of noncontrolling interests [line items] | |||
Capital contributions (deductions) by non-controlling interests | (230,500) | ||
Transfers to (from) non-controlling interests | (77,911) | ||
Changes in equity attributable to controlling shareholders | 308,411 | ||
Consideration paid or payable to non-controlling interests | 230,500 | ||
Capital contribution to subsidiary [member] | |||
Disclosure of noncontrolling interests [line items] | |||
Capital contributions (deductions) by non-controlling interests | 893 | ||
Transfers to (from) non-controlling interests | 0 | ||
Changes in equity attributable to controlling shareholders | 0 | ||
Consideration paid or payable to non-controlling interests | 0 | ||
Transaction costs from subsidiaries [Member] | |||
Disclosure of noncontrolling interests [line items] | |||
Capital contributions (deductions) by non-controlling interests | (60) | ||
Transfers to (from) non-controlling interests | 0 | ||
Changes in equity attributable to controlling shareholders | 0 | ||
Consideration paid or payable to non-controlling interests | 0 | ||
Sale of subsidiary | |||
Disclosure of noncontrolling interests [line items] | |||
Capital contributions (deductions) by non-controlling interests | 0 | 0 | 0 |
Transfers to (from) non-controlling interests | 49 | (20,928) | (1,220) |
Changes in equity attributable to controlling shareholders | 0 | 0 | 0 |
Consideration paid or payable to non-controlling interests | 0 | 2,829 | (1,220) |
Non-controlling interests arising on a business combination | |||
Disclosure of noncontrolling interests [line items] | |||
Capital contributions (deductions) by non-controlling interests | 0 | 0 | 0 |
Transfers to (from) non-controlling interests | (3,904) | 3,849 | 50,252 |
Changes in equity attributable to controlling shareholders | 0 | 0 | 0 |
Consideration paid or payable to non-controlling interests | R$ 0 | R$ 0 | R$ 0 |
Transactions with non-control_4
Transactions with non-controlling interests - Additional Information (Details) - BRL (R$) | 12 Months Ended | |||||
Jun. 28, 2021 | Jan. 28, 2021 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Oct. 18, 2022 | |
Disclosure of noncontrolling interests [line items] | ||||||
Payments to acquire entity's shares | R$ 292745000 | R$ 0 | R$ 988824000 | |||
Non-controlling interests | 53,696,000 | 56,118,000 | ||||
Transactions between subsidiaries and shareholders | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Percentage of remaining interest in the Group. | 47.75% | |||||
Transfers to (from) non-controlling interests | 3,855,000 | 17,079,000 | 28,879,000 | |||
Consideration paid or payable to non-controlling interests | 0 | 2,829,000 | 229,280,000 | |||
SimplesVet | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Non-controlling interest in acquiree recognised at acquisition date | 12,424,000 | |||||
VHSYS | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Non-controlling interest in acquiree recognised at acquisition date | 19,858,000 | |||||
Questor [Member] | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Non-controlling interest in acquiree recognised at acquisition date | 8,233,000 | |||||
Sponte [Member] | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Non-controlling interest in acquiree recognised at acquisition date | 1,765,000 | |||||
Creditinfo Caribbean [Member] | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Non-controlling interest in acquiree recognised at acquisition date | 5,505 | |||||
MLabs [Member] | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Non-controlling interest in acquiree recognised at acquisition date | 2,465 | |||||
PDCA | Bellver | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Purchase of new shares | 1,313,066 | |||||
Payments to acquire entity's shares | R$ 230500 | |||||
Volume-weighted average trading price, period | 30 days | |||||
Linked Gourmet | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Number of shares issued (in shares) | 4,205,115 | |||||
Percentage of voting rights held by non-controlling interests | 58.10% | |||||
Proceeds from sale of shares | R$ 1 | |||||
Non-controlling interests | R$ 1219 | |||||
Percentage of ownership interests held by non-controlling interests | 41.90% | |||||
Sale of subsidiary | Transactions between subsidiaries and shareholders | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Transfers to (from) non-controlling interests | (49,000) | 20,928,000 | 1,220,000 | |||
Consideration paid or payable to non-controlling interests | R$ 0 | R$ 2829000 | R$ 1220000 |
Other disclosures on cash flo_3
Other disclosures on cash flows - Summary of Other Disclosures on Cash Flows (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Non-cash operating activities | |||
Fair Value Adjustment on Loans Designate at Fair Value Through Profit or Loss | R$ 127137 | R$ 326491 | R$ 1306205 |
Fair Value Adjustment on Mark-to-market on equity securities designated at FVPL | 30,574 | (853,056) | (1,264,213) |
Fair value adjustment in financial instruments at FVPL | (96,563) | (1,179,547) | (2,570,418) |
Fair value adjustment for accounts receivable | (98,283) | 253,181 | 303,156 |
Fair Value Adjustment On Equity Instruments | 1,912 | (6,971) | 216,465 |
Non-cash investing activities | |||
Property and equipment and intangible assets acquired through finance lease | 67,417 | 63,910 | 92,802 |
Non-cash financing activities | |||
Unpaid consideration for acquisition of non-controlling shares | 725 | 1,498 | 1,823 |
Settlement of loans with private entities | 0 | 0 | 748,297 |
Shares of the Company delivered at Reclame Aqui acquisition | 0 | 169,864 | 0 |
Interest income received, net of costs | |||
Interest income received on accounts payable to clients | 5,962,063 | 4,521,948 | 2,269,214 |
Finance cost of sale of receivables | 3,195,130 | 2,463,298 | 690,344 |
Interest income received, net of costs | 2,766,933 | 2,058,650 | 1,578,870 |
Property and equipment, and intangible assets | |||
Additions of property and equipment | (71,565) | (178,793) | |
Payments From Previous Year | (176,835) | (51,614) | (33,353) |
Purchases Not Yet Paid During The Period | 65,348 | 176,835 | 51,614 |
Prepaid Purchases Of Point Of Sales | (1,135) | 102,070 | (102,314) |
Purchase of property, plant and equipment | (736,244) | (417,733) | (1,082,990) |
Additions other than through business combinations, intangible assets other than goodwill | (222,870) | (1,091) | |
Payments From Previous Year | (6,593) | (41,898) | 0 |
Purchases Not Paid at Year End | 14,117 | 6,593 | 41,898 |
Capitalization of borrowing costs | 0 | 1,069 | 592 |
Issuance of shares for the acquisition of assets | 0 | 0 | 849 |
Purchases and development of intangible assets | (474,053) | (305,512) | (215,681) |
Net book value of disposed assets | 96,664 | 202,519 | 161,902 |
Net Book Value of Disposed Leases | (21,225) | (52,164) | (14,474) |
Loss on disposal of property, equipment and intangible assets | 66,200 | 25,347 | 136,104 |
Outstanding balance | (10,470) | (36,684) | 0 |
Proceeds from disposals of property, plant and equipment, intangible assets other than goodwill, investment property and other non-current assets | 536 | 27,008 | |
Proceeds from the disposal of non-current assets | 536 | 27,008 | 100 |
Creditinfo | |||
Property and equipment, and intangible assets | |||
Business Combination, Loss on Disposal of Property and Equipment and Intangible Assets | 0 | 61,316 | 0 |
Linked [Member] | |||
Property and equipment, and intangible assets | |||
Business Combination, Loss on Disposal of Property and Equipment and Intangible Assets | 0 | 0 | (11,224) |
Cappta S.A. | |||
Property and equipment, and intangible assets | |||
Business Combination, Loss on Disposal of Property and Equipment and Intangible Assets | (1,767) | 0 | 0 |
IFRS 16 | |||
Property and equipment, and intangible assets | |||
Additions of right of use | 33,254 | 47,182 | 87,176 |
Cost | |||
Property and equipment, and intangible assets | |||
Additions of property and equipment | (656,876) | (692,206) | |
Additions of property and equipment | 656,876 | 692,206 | 1,086,113 |
Additions other than through business combinations, intangible assets other than goodwill | (515,740) | (288,004) | |
Additions of intangible assets | 515,740 | 288,004 | 264,646 |
Cost | Right of use assets software | |||
Property and equipment, and intangible assets | |||
Additions other than through business combinations, intangible assets other than goodwill | R$ 34163 | R$ 16728 | R$ 5626 |
Business combinations (Details)
Business combinations (Details) | 12 Months Ended |
Dec. 31, 2023 | |
Not later than one year [member] | |
Disclosure of detailed information about business combination [line items] | |
Period for the valuation and frequently evaluates the acquired assets and the assumed liabilities, after the acquisition | 12 months |
Business combinations - Acquisi
Business combinations - Acquisitions in 2022 – assessments concluded in 2023 (Details) | 12 Months Ended | ||
Dec. 31, 2023 BRL (R$) segment | Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | |
Disclosure of detailed information about business combination [line items] | |||
Non-controlling interests arising on a business combination | R$ 50252000 | ||
Payment of contingencies | R$ 34012000 | R$ 9799000 | R$ 10180000 |
SimplesVet | |||
Disclosure of detailed information about business combination [line items] | |||
Non-controlling interest in acquiree recognised at acquisition date | 12,424,000 | ||
Hubcount [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Cash and cash equivalents recognised as of acquisition date | 36,000 | 36,000 | |
Measurement Period Adjustments Recognized For Cash And Cash Equivalents | 0 | ||
Trade and other receivables recognised as of acquisition date | 235,000 | 235,000 | |
Measurement Period Adjustments Recognized For Trade Accounts Receivable | 0 | ||
Recoverable Taxes Recognized As Of Acquisition Date | 42,000 | 42,000 | |
Measurement Period Adjustments Recognized For Recoverable Taxes | 0 | ||
Property and equipment | 205,000 | 205,000 | |
Measurement Period Adjustments Recognized For Property, Plant And Equipment | 0 | ||
Intangible assets - Customer relationship | 1,940,000 | 0 | |
Intangible asset - Customer relationship | 1,940,000 | ||
Intangible asset - Software | 2,104,000 | 0 | |
Intangible asset - Software | 2,104,000 | ||
Other assets recognised as of acquisition date | 460,000 | 460,000 | |
Measurement Period Adjustments Recognized For Other Assets | 0 | ||
Assets recognised as of acquisition date | 5,022,000 | 978,000 | |
Measurement Period Adjustments Recognized For Assets | 4,044,000 | ||
Trade and other payables recognised as of acquisition date | 79,000 | 79,000 | |
Measurement Period Adjustments Recognized For Trade Accounts Payable | 0 | ||
Labor and social security liabilities recognised as of acquisition date | 313,000 | 313,000 | |
Measurement Period Adjustments Recognized For Labor And Social Security Liabilities | 0 | ||
Current Tax Liabilities Recognized As Of Acquisition Date | 41,000 | 41,000 | |
Measurement Period Adjustments Recognized For Current Tax Liabilities | 0 | ||
Deferred tax liabilities recognised as of acquisition date | 1,375,000 | 0 | |
Measurement Period Adjustments Recognized For Deferred Tax Liabilities | 1,375,000 | ||
Other Liabilities Recognised As Of Acquisition Date | 87,000 | 87,000 | |
Measurement Period Adjustments Recognized For Other Liabilities | 0 | ||
Liabilities recognised as of acquisition date | 1,895,000 | 520,000 | |
Measurement Period Adjustments Recognized For Liabilities | 1,375,000 | ||
Identifiable assets acquired (liabilities assumed) | 3,127,000 | 458,000 | |
Non-controlling interests arising on a business combination | 2,669,000 | ||
Consideration transferred, acquisition-date fair value | 11,124,000 | 10,615,000 | |
Consideration paid | 509,000 | ||
Goodwill | 7,997,000 | 10,157,000 | |
Increase (decrease) in goodwill | (2,160,000) | ||
Cash Transferred As Of Acquisition Date | 7,500,000 | 7,500,000 | |
Cash consideration paid to the selling shareholders | 0 | ||
Cash To Be Transferred After Acquisition Date | 2,659,000 | 3,000,000 | |
Cash consideration to be paid to the selling shareholders | (341,000) | ||
Call Option In The Acquiree At Acquisition Date Adjustment | (1,534,000) | ||
Call option in the acquiree | (1,534,000) | 0 | |
Non-controlling interest in acquiree recognised at acquisition date | 782,000 | 115,000 | |
Non controlling Interest In Acquiree | 667,000 | ||
Contingent consideration | 1,717,000 | R$ 0 | |
Payment of contingencies | 1,717,000 | ||
Hubcount [Member] | Customer relationships | |||
Disclosure of detailed information about business combination [line items] | |||
Intangible assets other than goodwill | R$ 1940000 | ||
Useful life measured as period of time, intangible assets other than goodwill | 7 years 2 months | ||
Hubcount [Member] | Customer relationships | Discount rate, measurement input | |||
Disclosure of detailed information about business combination [line items] | |||
Discount rate | segment | 15.3 | ||
Hubcount [Member] | Software | |||
Disclosure of detailed information about business combination [line items] | |||
Intangible assets other than goodwill | R$ 2104000 | ||
Useful life measured as period of time, intangible assets other than goodwill | 5 years | ||
Hubcount [Member] | Software | Discount rate, measurement input | |||
Disclosure of detailed information about business combination [line items] | |||
Discount rate | segment | 15.3 |
Segment information - Segmented
Segment information - Segmented Statement of Profit or Loss (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of operating segments [line items] | |||
Total revenue and income | R$ 12055003 | R$ 9588945 | R$ 4823761 |
Cost of services | (2,982,758) | (2,669,752) | (1,713,828) |
Administrative expenses | (1,188,869) | (1,121,357) | (813,341) |
Selling expense | (1,698,275) | (1,511,241) | (1,012,544) |
Financial expenses, net | (3,999,465) | (3,514,739) | (1,269,058) |
Other income (expenses), net | (241,213) | (302,501) | (185,894) |
Total expenses | (10,080,006) | (9,972,646) | (6,258,878) |
Loss on investment in associates | (4,179) | (3,589) | (10,437) |
Adjusted profit before income taxes | 1,970,818 | (387,290) | (1,445,554) |
Income taxes and social contributions | (370,398) | (139,106) | 68,206 |
Loss for the year | 1,600,420 | (526,396) | (1,377,348) |
Financial Services | |||
Disclosure of operating segments [line items] | |||
Total revenue and income | 10,495,422 | 8,083,548 | 4,090,995 |
Cost of services | (2,309,021) | (1,987,522) | (1,328,281) |
Administrative expenses | (729,204) | (640,772) | (439,683) |
Selling expense | (1,373,202) | (1,245,266) | (887,009) |
Financial expenses, net | (3,902,800) | (3,426,148) | (1,209,830) |
Other income (expenses), net | (383,150) | (296,785) | (171,185) |
Total expenses | (8,697,377) | (7,596,493) | (4,035,988) |
Loss on investment in associates | (4,608) | (409) | (941) |
Adjusted profit before income taxes | 1,793,437 | 486,646 | 54,066 |
Income taxes and social contributions | (356,803) | (124,857) | 39,413 |
Loss for the year | 1,436,634 | 361,789 | 93,479 |
Share-based compensation, net of tax | 112,772 | 44,691 | |
Bond expenses | 80,559 | 118,560 | |
Previously Reported Profit Loss | 555,120 | 256,730 | |
Software [Member] | |||
Disclosure of operating segments [line items] | |||
Total revenue and income | 1,492,206 | 1,419,841 | 686,267 |
Cost of services | (670,878) | (670,154) | (370,854) |
Administrative expenses | (290,494) | (314,267) | (180,819) |
Selling expense | (304,448) | (245,071) | (114,591) |
Financial expenses, net | (50,383) | (56,176) | (36,936) |
Other income (expenses), net | (25,652) | (18,267) | (10,016) |
Total expenses | (1,341,855) | (1,303,935) | (713,216) |
Loss on investment in associates | 446 | (1,355) | (48) |
Adjusted profit before income taxes | 150,797 | 114,551 | (26,997) |
Income taxes and social contributions | (36,953) | (49,811) | (7,061) |
Loss for the year | 113,844 | 64,740 | (34,058) |
Share-based compensation, net of tax | 2,124 | 12 | |
Bond expenses | 0 | 0 | |
Previously Reported Profit Loss | 66,864 | (34,046) | |
Non allocated | |||
Disclosure of operating segments [line items] | |||
Total revenue and income | 67,375 | 85,555 | 46,499 |
Cost of services | (2,859) | (12,076) | (14,693) |
Administrative expenses | (32,676) | (39,666) | (24,314) |
Selling expense | (20,626) | (20,903) | (10,944) |
Financial expenses, net | (930) | (1,067) | (58) |
Other income (expenses), net | (481) | (24,659) | (3,878) |
Total expenses | (57,572) | (98,371) | (53,887) |
Loss on investment in associates | (17) | (1,825) | (9,448) |
Adjusted profit before income taxes | 9,786 | (14,641) | (16,836) |
Income taxes and social contributions | (2,768) | (1,352) | (2,557) |
Loss for the year | R$ 7018 | (15,993) | (19,393) |
Share-based compensation, net of tax | 101 | 0 | |
Bond expenses | 0 | ||
Previously Reported Profit Loss | R$ 15892 | R$ 19393 |
Segment information - Reconcili
Segment information - Reconciliation of Segment to Consolidated Net Income (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of operating segments [line items] | |||
Loss for the year | R$ 1600420 | R$ 526396 | R$ 1377348 |
Other expenses | 188,288 | 262,658 | 192,439 |
Bond Issuance Expenses | 80,559 | 118,560 | |
Reportable segments | |||
Disclosure of operating segments [line items] | |||
Loss for the year | 1,557,496 | 410,536 | 40,028 |
Mark-to-market from the investment in Banco Inter | (30,574) | 853,056 | 1,264,213 |
Gains (Losses) On Fair Value Adjustment, Intangibles And Property And Equipment | (92,399) | (138,601) | (89,100) |
Gain on previously held interest in associate | 0 | 0 | 15,848 |
Other expenses | 78,623 | 17,810 | 118,323 |
Tax effect on adjustments | 26,126 | 36,915 | 38,412 |
Financial Services | |||
Disclosure of operating segments [line items] | |||
Loss for the year | 1,436,634 | 361,789 | 93,479 |
Software [Member] | |||
Disclosure of operating segments [line items] | |||
Loss for the year | 113,844 | 64,740 | (34,058) |
Non allocated | |||
Disclosure of operating segments [line items] | |||
Loss for the year | R$ 7018 | R$ 15993 | R$ 19393 |
Accounts receivable from card i
Accounts receivable from card issuers - Additional Information (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of Trade receivables [line items] | ||
Accounts receivable from card issuers | R$ 23977109 | R$ 20748857 |
Accounts Receivable From Card Issuers [Member] | ||
Disclosure of Trade receivables [line items] | ||
Accounts receivable from card issuers | R$ 23364806 | R$ 20053392 |
Accounts receivable from card_2
Accounts receivable from card issuers - Summary of Allowance for Expected Credit Losses (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of Trade receivables [line items] | ||
Beginning balance | R$ 108434 | R$ 80418 |
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 82,946 | 94,093 |
Reversal, allowance account for credit losses of financial assets | (17,668) | (13,181) |
Ending balance | 117,553 | 108,434 |
Accounts Receivable From Card Issuers [Member] | ||
Disclosure of Trade receivables [line items] | ||
Beginning balance | 22,763 | 15,103 |
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 53,090 | 22,818 |
Reversal, allowance account for credit losses of financial assets | (20,234) | (15,158) |
Ending balance | R$ 55619 | R$ 22763 |
Trade accounts receivables - Mo
Trade accounts receivables - Movement in the Allowance for Expected Credit Losses of Trade Receivables (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Trade and other current receivables [abstract] | ||
Beginning balance | R$ 108434 | R$ 80418 |
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 82,946 | 94,093 |
Reversal, allowance account for credit losses of financial assets | (17,668) | (13,181) |
Utilisation, allowance account for credit losses of financial assets | (56,159) | (52,896) |
Ending balance | R$ 117553 | R$ 108434 |
Trade accounts payable - Schedu
Trade accounts payable - Schedule of Trade Accounts Payable (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Trade and Other Current Receivables [line items] | ||
Trade accounts payable | R$ 513877 | R$ 596044 |
Share-Based Payment - Additio_2
Share-Based Payment - Additional Information (Details) | 12 Months Ended | |
Dec. 31, 2023 shares segment | Dec. 31, 2022 shares | |
Restricted share units (RSUs) [Member] | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Description of maximum term of equity granted for share-based payment arrangement | 2.9 years | |
Restricted share units (RSUs) [Member] | Total | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Cancelled | 2,222,150,000 | 549,405,000 |
Issued | (2,149,169,000) | 700,092,000 |
Number of shares granted (in shares) | 5,293,655,000 | 6,171,570,000 |
Stock Options [Member] | Total | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Cancelled | 0 | 0 |
Issued | 0 | 0 |
Number of shares granted (in shares) | 0 | 12,657,000 |
Share-Based Payment - Summary_2
Share-Based Payment - Summary of Right to Acquire Shares for Price Originally Paid by Participant, Less an Applicable Discount (Details) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Incentive shares time remaining to the end of lock up period | 10 years |