Joint Stock Company Kaspi.kz (KSPI)

Kaspi.kz is Kazakhstan’s dominant digital ecosystem, combining online payments, consumer and merchant banking, and a large e-commerce marketplace in one super-app. Millions of users rely on it for everyday transactions, shopping, and financial services, while merchants use its payments and marketplace tools. High engagement and a tightly integrated product stack give it a central role in the country’s digital economy. The business model blends transaction fees, interest income, and marketplace economics.

Market
Nasdaq
Sector
Technology
Trend
Strong uptrend
Last close
107.53 (-0.26% on the day)
MA50
94.4
MA200
81.02
52-week range
65.89–108.75
Market cap
20B USD
P/E
8.94
Dividend yield
0%
Data as of
2026-09-04
Quarterly revenue and earnings, millions of KZT
QuarterRevenueYoY %EarningsYoY %
Q1 2025821,851252,056-41.1%
Q2 2025969,512257,3273.9%
Q3 20251,098,762279,418-10.8%
Q4 20251,143,502284,376-14.8%
Q1 20261,079,41931.3%249,394-1.1%

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