B3 S.A. - Brasil, Bolsa, Balcão (B3SA3) Earnings Call Transcripts

B3 S.A. - Brasil, Bolsa, Balcão's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, B3 S.A. reported record total revenue of BRL 3.2 billion, reflecting a 21% year-over-year increase, driven by strong performance in both pro-cyclical and recurring revenue segments. Recurring net income rose 33% to BRL 1.5 billion, with earnings per share increasing nearly 40% to $0.30. Management maintained a positive outlook, citing operational leverage and the potential for margin expansion amidst ongoing foreign capital inflows and market activity.

Reported metrics

Guidance from management

Management maintained a positive outlook, emphasizing operational leverage and potential for margin expansion. They expect continued revenue growth driven by foreign capital inflows and market activity, but did not provide specific numerical guidance for the upcoming quarters.

What management said

Hello, Fernando Campos from B3's Investor Relations team, and I'm here with Andre Milanez, the company's CFO, to comment on the results for the first quarter of 2026. To begin, Andrea, could you provide an overview of the quarter, which was a strong quarter with the [indiscernible] scenario and how the business model of the company could make the most of this important quarter for us.

Look, I think fine-tuning that it's an ongoing process for us. We are making adjustments from time to time. But to go straight to your point, I don't think there is anything relevant, at least in the radar today that we need to address in relation to that. But small adjustments will continue to take place as we evolve and as we identify potential problems or distortions that need to be resolved or that's an ongoing p...

What analysts pressed on

Analysts expressed concerns regarding the upcoming CEO transition and its potential impact on strategic direction. Additionally, there were questions about the sustainability of high trading volumes and margins amid changing market conditions.

Main topics on the call

• Record Revenue Growth — B3 achieved total revenue of BRL 3.2 billion, marking a 21% increase year-over-year, the highest quarterly revenue in the company's history. CFO Andre Milanez stated, "Our business model once again demonstrated its abili...
• Strong Performance in Derivatives and Equities — The pro-cyclical business segment grew 24%, while recurring revenues increased by 17%. The average daily volume in derivatives reached 16.6 million contracts in March, the highest in history, indicating robust market act...
• Operational Efficiency and Margin Expansion — Recurring EBITDA rose 24% to BRL 2.1 billion, with a margin of 71.6%. Milanez noted, "Most of that increase translates into the bottom line and therefore, into margin expansion," highlighting the company's operational le...
• New Product Launches — B3 launched financial event contracts for various assets, including Bitcoin, aiming to expand its product portfolio. Management indicated that initial trading volumes are limited but expressed optimism about future growt...

Read the full B3 S.A. - Brasil, Bolsa, Balcão transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 B3 S.A. - Brasil, Bolsa, Balcão earnings call transcripts on record, spanning March 6, 2020 to May 8, 2026. Based on this history, B3 S.A. - Brasil, Bolsa, Balcão reports quarterly. The most recent call on file is dated May 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

B3SA3

Exchange

BOVESPA

Country

BR

Sector

Financials

Industry

Capital Markets

Calls on record

28

First call

March 6, 2020

Most recent

May 8, 2026

Reporting cadence

quarterly