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Banco BTG Pactual S.A.

Banco BTG Pactual S.A.

BPAC3.SA
Banco BTG Pactual S.A.BR flagB3 S.A.
23.15
BRL
-0.04
- -
168.33BMarket Cap
Banco BTG Pactual S.A.
BPAC3.SA
(B3 S.A.)

Recent

price

23.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.38
0.25
0.54
0.55
0.48
0.02
0.93
0.5
0.02
0.8
0.9
1.49
2.56
2.8
3.28
4.48
4.76
Revenue per Share
0.15
0.14
0.2
0.22
0.19
0.07
0.5
0.21
0.12
0.36
0.37
0.55
0.68
0.86
1.02
1.38
1.49
Basic EPS, GAAP
0.55
-1.73
-0.42
-1.81
0.15
-0.76
1.74
1.17
0.12
-1.23
0.22
-1.36
1.9
-1.62
0.26
-2.13
-1.42
Free Cash Flow per Basic Share
0.15
0.1
0.04
0.07
0.07
0.08
0.09
0.13
0.11
0.06
- -
- -
0.18
0.25
0.26
0.35
0.41
Dividend per Share
0.54
0.33
0.61
0.58
0.58
0.64
0.68
0.66
0.67
0.7
0.94
1.37
1.37
1.37
1.37
5.39
5.78
Book Value per Share
0.96
0.59
0.87
1.04
1.29
1.69
1.58
1.64
1.71
2.05
2.52
3.17
3.64
4.28
5.16
6.05
6.43
Tangible Book Value per Share
5,539
9,831
10,649
11,146
11,146
11,284
10,675
11,232
10,965
10,529
10,650
11,482
11,506
11,506
11,506
11,588
11,588
Basic Weighted Avg Shares
2,098
2,470
5,700
6,096
5,398
282
9,908
5,619
177
8,403
9,583
17,068
29,400
32,230
37,783
51,967
55,205
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
12
20
29
192
84
99
332
231
73
59
61
113
834
990
1,128
1,142
1,151
Depreciation Expense
816
1,335
2,133
2,478
2,117
737
5,342
2,384
1,279
3,828
3,976
6,342
7,842
9,925
11,789
15,947
17,308
Net Income, GAAP
31.76
- -
27.25
14.15
- -
- -
7.41
- -
- -
16.78
15.64
18.07
13.31
10.98
13.35
11.92
11.93
Effective Tax Rate (%)
38.86
54.03
37.42
40.65
39.22
261.2
53.91
42.42
721.01
45.56
41.49
37.16
26.67
30.79
31.2
30.69
31.35
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
30,800
29,949
- -
- -
- -
- -
- -
58,270
64,615
17,348
38,706
17,052
25,914
37,702
42,279
70,750
74,235
LT Debt
5,538
6,545
10,443
12,817
15,495
20,364
17,950
18,656
18,790
21,738
27,126
40,515
46,613
53,535
63,534
76,910
80,224
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
30.33
42.96
43.96
38.34
32.76
10.76
73.62
32.5
17.3
51.79
45.69
49.21
49.76
62.97
74.8
40.8
40.27
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11,424
11,588
11,588
Market Capitalization
309,745
427,350
393,053

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
51,374
47,729
53,850
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.23%
23.8%
21.05%
Free Cash Flow
-388.01%
-449.69%
-940.62%
Net Income, GAAP
89.03%
32.75%
35.27%
Sales/Revenue/Turnover
813.99%
42.95%
37.54%
Total Cash Common Dividend
- -
- -
34.22%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,833
9,482
9,882
9,586
37,783
2025
11,543
12,514
14,023
13,887
51,967
2026
14,782
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
- -
- -
- -
1.02
2025
0.28
- -
- -
0.38
1.38
2026
0.39
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
- -
- -
- -
0.26
2025
0.15
- -
- -
- -
0.35
2026
0.21
- -
- -
- -
- -
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Business
Banco BTG Pactual S.A. stands as a premier financial institution, delivering a comprehensive suite of banking and investment solutions across Brazil and on the global stage. The firm's investment banking segment offers expert advisory for complex corporate transactions, including mergers, acquisitions, divestitures, and reorganizations, alongside guiding equity and debt capital market offerings and structuring financing for infrastructure and energy ventures. Within wealth management, clients access trading opportunities across bonds, equities, options, futures, structured products, and cash instruments. This division also provides a diverse range of investment funds, alternative investments spanning hedge funds, private equity, real estate, and structured credit funds, complemented by portfolio management, clearing, custody services, and comprehensive estate planning. The company's asset management capabilities extend to managing investment funds and tailored portfolios for institutional investors, corporations, pension funds, insurance companies, and high-net-worth individuals, encompassing various asset classes and specialized strategies, including timberland investments. Furthermore, BTG Pactual provides corporate lending to large and medium-sized enterprises, facilitating growth and offering solutions for non-performing corporate loans and distressed real estate assets through specialized platforms. It also extends credit operations and receivables anticipation for smaller businesses and handles situations involving companies in liquidation or bankruptcy. Its sales and trading operations are robust, covering market making, brokerage, settlement, and transactions across derivatives, interest rates, foreign exchange, equities, energy, and insurance. With headquarters in São Paulo, Brazil, the institution was established in 1983 and maintains a significant international presence across South America, North America, and Europe. Recent strategic moves include the announced acquisition of M.Y. Safra Bank in the United States in June 2024 to enhance its US offerings for Latin American clients, and the acquisition of Órama brokerage in October 2023 to expand its digital retail investment platform. In May 2025, the bank also acquired R$1.5 billion in assets from Banco Master's controlling shareholder. BTG Pactual is recognized as the largest investment bank in Latin America, focusing on a multi-segment model that combines advisory, trading, asset and wealth management, and corporate lending to serve a broad client base.