# Joint Stock Co Kaspi.kz: overview

KSPI · Nasdaq · CIK 1985487 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/kspi.md) · [Financials](/companies/kspi/financials.md) · [Filings](/companies/kspi/filings.md) · [Insiders](/companies/kspi/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY (2021-12-31) | FY (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [885](/filings/0000950170-24-049512.md) | [1,271](/filings/0000950170-25-035904.md) | [1,913](/filings/0001985487-26-000008.md) | [2,532](/filings/0001985487-26-000008.md) | [4,046](/filings/0001985487-26-000008.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [48.8%](/filings/0000950170-24-049512.md) | [46.0%](/filings/0000950170-25-035904.md) | [44.0%](/filings/0001985487-26-000008.md) | [41.1%](/filings/0001985487-26-000008.md) | [26.5%](/filings/0001985487-26-000008.md) |
| Diluted EPS | $ per share | [2222.00](/filings/0000950170-24-049512.md) | [3016.00](/filings/0000950170-25-035904.md) | [4381.00](/filings/0001985487-26-000008.md) | [5431.00](/filings/0001985487-26-000008.md) | [5592.00](/filings/0001985487-26-000008.md) |
| Free cash flow | $bn | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: ifrs-full:Revenue.
- Gross margin (gross profit / revenue). XBRL Revenue: ifrs-full:Revenue.
- Operating margin (operating income / revenue). XBRL Revenue: ifrs-full:Revenue.
- Net margin (net income / revenue). XBRL Net income: ifrs-full:ProfitLossAttributableToOwnersOfParent; Revenue: ifrs-full:Revenue.
- Diluted EPS. XBRL Diluted EPS: ifrs-full:DilutedEarningsLossPerShare.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: ifrs-full:CashFlowsFromUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/kspi/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Baring Fintech Manager Holding Ltd](/funds/2053290.md) | 2026-06-30 | $1.45bn | 16,737,053 |  | Reduced −1,314,798 |
| [Brehaut David Pascal](/funds/2106649.md) | 2026-06-30 | $1.06bn | 12,257,305 |  | Unchanged |
| [Baring Fintech Fund III Managers Ltd](/funds/2053281.md) | 2026-06-30 | $615.7m | 7,106,927 |  | Reduced −4,955,070 |
| [BAILLIE GIFFORD & CO](/funds/1088875.md) | 2026-06-30 | $500.7m | 5,779,168 |  | Added +655,961 |
| [FIL Ltd](/funds/318989.md) | 2026-06-30 | $315.0m | 3,635,858 |  | Added +309,616 |
| [PZENA INVESTMENT MANAGEMENT LLC](/funds/1027796.md) | 2026-06-30 | $266.1m | 3,071,888 |  | Added +399,501 |
| [Spice Expeditions, LP](/funds/2040285.md) | 2026-06-30 | $223.9m | 2,584,454 |  | Not compared |
| [SCHRODER INVESTMENT MANAGEMENT GROUP](/funds/1086619.md) | 2026-06-30 | $201.0m | 2,319,420 |  | Added +753,135 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $171.8m | 1,983,010 |  | Added +371,088 |
| [SANDS CAPITAL MANAGEMENT, LLC](/funds/1020066.md) | 2026-06-30 | $132.6m | 1,531,017 |  | Reduced −55,317 |

## Recent filings

[All 173 filings](/companies/kspi/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-10 | 07:00 ET | [6-K](/filings/0001985487-26-000028.md) | Report of a foreign private issuer, period 2026-09-10 | 0001985487-26-000028 |
| 2026-08-12 | 09:29 ET | [6-K](/filings/0001985487-26-000026.md) | Report of a foreign private issuer, period 2026-08-12 | 0001985487-26-000026 |
| 2026-08-10 | 07:00 ET | [6-K](/filings/0001985487-26-000024.md) | Report of a foreign private issuer, period 2026-08-10 | 0001985487-26-000024 |
| 2026-06-12 | 07:00 ET | [6-K](/filings/0001985487-26-000022.md) | Report of a foreign private issuer, period 2026-06-12 | 0001985487-26-000022 |
| 2026-05-14 | 08:10 ET | [6-K](/filings/0001985487-26-000020.md) | Report of a foreign private issuer, period 2026-05-14 | 0001985487-26-000020 |
| 2026-05-12 | 07:00 ET | [6-K](/filings/0001985487-26-000018.md) | Report of a foreign private issuer, period 2026-05-12 | 0001985487-26-000018 |
| 2026-05-11 | 07:00 ET | [6-K](/filings/0001985487-26-000015.md) | Report of a foreign private issuer, period 2026-05-11 | 0001985487-26-000015 |
| 2026-04-24 | 08:20 ET | [6-K](/filings/0001985487-26-000013.md) | Report of a foreign private issuer, period 2026-04-24 | 0001985487-26-000013 |
| 2026-04-16 | 07:00 ET | [6-K](/filings/0001985487-26-000010.md) | Report of a foreign private issuer, period 2026-04-16 | 0001985487-26-000010 |
| 2026-03-16 | 11:57 ET | [20-F](/filings/0001985487-26-000008.md) | Annual report of a foreign private issuer, period 2025-12-31 | 0001985487-26-000008 |

## Latest annual report

[Form 20-F for the fiscal year ended Dec 31, 2025](/filings/0001985487-26-000008.md), filed Mar 16, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1985487
- Tickers: KSPI
- Exchange: Nasdaq
- SIC code: 7389 Services-Business Services, NEC
- State of incorporation: 1P
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 20:23 ET. No prices; not investment advice.