TOTVS S.A.

TOTVS S.A.

43.75
BRL
+0.51
(+1.18%)
16.45BMarket Cap
Nov 04Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.29
3.61
3.9
4.44
4.06
4.3
4.2
4.57
5.14
6.25
7.35
8.26
9.83
- -
Basic EPS, GAAP
0.45
0.54
0.4
0.31
0.19
0.12
0.39
0.52
0.64
0.82
1.22
1.21
1.52
- -
Free Cash Flow per Basic Share
0.19
0.6
0.45
0.32
0.57
0.68
0.52
0.5
0.69
1.21
1.12
1.34
1.61
1.95
Dividend per Share
0.29
0.32
0.36
0.29
0.16
0.1
0.09
0.19
0.25
0.23
0.68
0.45
0.61
0.32
Book Value per Share
2.17
2.29
2.51
2.48
2.56
2.61
4.32
4.58
6.96
7.11
7.82
7.99
8.69
9.52
Tangible Book Value per Share
0.89
0.95
0.28
0.39
0.61
0.87
2.91
1.79
1.06
1.33
1.74
0.72
2.04
-3.24
Basic Weighted Avg Shares
489
491
490
492
491
492
544
568
580
607
604
595
587
585
Sales/Revenue/Turnover
1,612
1,772
1,909
2,184
1,993
2,111
2,282
2,596
2,977
3,793
4,440
4,915
5,772
- -
Operating Margin (%)
19.82
19.61
11.97
9.72
6.99
10.69
14.26
15.17
17.94
16.91
16.53
18.48
20.29
- -
Depreciation Expense
83
89
104
132
143
122
147
205
199
236
283
313
341
407
Net Income, GAAP
223
263
196
153
93
60
210
295
368
498
735
718
892
- -
Effective Tax Rate (%)
29.48
27.05
23.5
13.25
11.2
25.42
21.64
22.52
17.69
21.34
21.46
9.68
19.22
- -
Profit Margin (%)
13.81
14.83
10.24
6.99
4.67
2.82
9.19
11.36
12.38
13.13
16.55
14.6
15.45
- -
Working Capital
574
777
499
328
419
311
1,299
792
2,167
2,894
2,558
1,619
1,898
1,586
LT Debt
352
536
583
444
448
235
192
178
1,302
1,643
1,598
1,541
1,694
4,699
Total Equity
1,070
1,118
1,238
1,221
1,262
1,288
2,478
2,604
4,486
4,585
5,013
4,987
5,443
5,458
Return on Invested Capital (%)
17.5
16.24
9.42
9.6
6.78
9.05
11.04
10.28
9.25
7.79
8.17
11.19
12.51
- -
Return on Capital (%)
17.88
18.51
13.52
11.35
8.99
5.28
10.44
10.7
9.38
10.43
13.61
13.19
15.43
- -
Return on Common Equity (%)
22.47
24.07
16.61
12.42
7.49
4.67
11.15
11.61
10.78
11.66
16.28
15.26
18.22
- -

Capital Structure

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
143
166
328
LT Borrowings
1,477
4,471
4,473
LT Finance Leases
216
225
226
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
588
580
573
Market Capitalization
24,728
20,260
16,451

Working Capital

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,876
3,793
3,473
Cash, Cash Equivalents & STI
1,786
1,433
2,020
Accounts Receivable, Net
639
829
879
Inventories
- -
- -
- -
Total Current Liabilities
1,978
2,344
1,887
Payables & Accruals
- -
- -
- -
ST Debt
143
166
328
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.4%
18.49%
9.15%
Free Cash Flow
20.69%
30.36%
18.39%
Net Income, GAAP
32.55%
25.91%
24.28%
Sales/Revenue/Turnover
12.07%
17.45%
17.44%
Total Cash Common Dividend
24.01%
44.75%
34.83%

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,225
1,272
1,323
1,384
4,915
2025
1,386
1,411
- -
1,259
5,772
2026
1,697
1,920
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
0.19
0.49
0.31
1.21
2025
0.33
0.32
- -
0.45
1.52
2026
0.39
1.19
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.22
0.45
2025
- -
- -
- -
0.32
0.61
2026
- -
- -
- -
- -
- -

Company Description

CEO
Dennis Herszkowicz
Full Time Employees
12,000
Sector
Technology services
Industry
Packaged software
Address
Avenida Braz Leme São Paulo SP Brazil 02511-000
IPO Date
Mar 7, 2006
Business
Totvs S.A. is a Brazil-based information technology company specializing in integrated business management software solutions, collaboration and productivity platforms, and consulting services. Founded in 1983 and headquartered in Sao Paulo, Totvs is a leading provider of enterprise resource planning (ERP) systems with modules encompassing management, finance, operations, human resources, and client services. The company serves approximately 70,000 clients across 12 key economic sectors including agribusiness, logistics, manufacturing, distribution, retail, service providers, education, hospitality, legal, construction, healthcare, and financial services. Totvs operates through an extensive network comprising over 11 research and development centers across Brazil, the USA, and Mexico, as well as offices in various Latin American and European countries. Totvs' core product portfolio includes management software solutions focused on ERP platforms; business productivity and collaboration tools; specialized industry-specific systems; customer relationship management (CRM); manufacturing execution systems (MES); financial technology (Techfin) solutions through a joint venture with Itaú that offers B2B credit, payment, and banking platforms; and digital tools for marketing, sales, and customer service, including multichannel and e-commerce solutions supported by key partnerships with companies like VTEX and Moddo. Recent strategic developments include the announced acquisition of Linx Participações S.A. in April 2025 to strengthen its retail and franchise business capabilities and the earlier 2024 acquisition of Varejonline Tecnologia e Informática to enhance its position in the retail technology sector. Totvs continues to expand its Techfin portfolio with new digital accounts and payment solutions to democratize access to financial services for businesses. The company has also focused on cloud migration, AI integration, and expanding its geographic footprint with new offices such as the recently opened facility in São José do Rio Preto. A share buyback program initiated in late 2024 reflects the company’s confidence in financial stability and commitment to shareholder value. Totvs leverages a strong SaaS subscription model for recurring revenue growth, emphasizing cross-selling opportunities within its management and business performance segments to sustain its market leadership and robust organic growth. Totvs operates mainly in three segments: Management, Business Performance, and Techfin, with the Management segment generating the majority of revenues. Its strategic focus remains on broadening product offerings, improving customer satisfaction, and expanding coverage in existing markets while pursuing acquisitions to augment its value proposition. As of 2025, Totvs maintains over 55% market share in Brazil and continues to invest heavily in R&D and technology innovation to support long-term growth and operational excellence.